Tricks that help you stop in time
The amount of your deposit depends not only on your technical skills, analytical mind and time spent in the Cryptorbotics terminal. One of the most important skills of a professional trader is the ability to resist a gamble. Below are a few tips to help resist the temptation.
Do not lose more than 5 per cents
We know that trading is addictive, like watching the Titanic but take it as a rule to lose no more than 3-5% of your monthly income. If you reached the bar - that's all, no more deals. Do not believe that somewhere nearby there is the opportunity to make a good profit. This is the path to the abyss.
In any unclear situation count to ten
The painfully simple mechanics can work effectively in cryptocurrency trading. Before you sell or buy anything, first take a deep breath, exhale and count to ten. The deal will not run away, but increased adrenaline and cortisol can greatly affect the decision and make you risk once again.
Do not lose the sense of reality
For many traders, opening orders becomes as automatic as brushing your teeth or breathing. But in difficult moments, it is worth separating conscious decisions from unconscious ones. More often ask yourself “Why am I doing this?”, “What will this decision lead to?”, “Do I really need to do this right now?”. You learn from mistakes, but if you keep making them you won’t become a true trader.
A stop is not a defeat, but a change of tactics
When the result of your work is not worth the effort, stop it. Think of a stop not as a defeat, but as a change of tactics. A pause will allow you to look at the situation as a whole, with fresh eyes.
Feed your brain
All our troubles come from fatigue, lack of concentration and little involvement. Something sweet, a glass of water and oxygen can save you from fatigue. Therefore, if you work for a long time in a stuffy room, go for a walk more often. So you can fully concentrate on one task and you can correctly determine when it is time to finish.
Talk, pour it out
Do not dig yourself into your problems. Perhaps you just need to talk. If you do not want to put everything on the shoulders of someone you love, write down everything that bothers you. Use the morning page / freeriding technique: handwrite everything that bothers you on three pages. Do not give any importance to this and do not analyze your notes. Let the consciousness spill out everything that prevents it from trading as efficiently as possible.
Good luck and profits!