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BCH Academy 1: Building a Good Mentality for New Trader
The startup keeps the remainder of the sale that made the first loss. Then, beginners look at that exchange wallet all day long.
The newbie sees that there are many cryptocurrencies with different names and different buy and sell prices, including different volumes.
Did the newbie immediately buy some crypto? No.
The beginner notes on paper the name of the crypto and how much it costs to buy. After that, beginners look at cryptos that have daily movements which means there is a 3% decrease and a 3% price increase for each day.
Did the newbie buy crypto after reading the note? No.
Tomorrow, beginners start reading the time of the market. Beginners see when it's time to buy or when the purchase price of the cryptocurrency drops by more than 3%.
Then, the newbie buys crypto by looking at the global trading volume. So, beginners know which charts are suitable for buying.
This is where beginners know one of the keys to success, which is knowing the right time.
Beginners should know which crypto to buy
Beginners should know the price difference every day
Beginners should be confident when buying crypto
Beginners should know when to sell crypto
Beginners must be consistent and committed to daily profit from 1% to 3% or 5%
Beginners should restrain themselves and hold assets when prices are falling to the moon
The mentality of a trader is born after going through several experiences in the market.
New traders should read the opportunities and know when they become profitable. On the other hand, new traders are able to control themselves not to continue trading after receiving profits according to the daily target.