If the coin price dips, for instance, just remember to use FUD to your advantage when entering new coin markets. Instead, brush up your trading tactics and take a course on trading during this time.
Ask yourself if this mistake is a pattern that is common to many of your losing trades. For starters, a project or idea should at least trade some market demand even trade launch.
A Losing Trade Is Not A Bad Thing
Another tip is that instead of trading too many times, a novice trader should instead try watching and understanding the market and the trends. YouTube videos, altcoin cryptocurrency forums out there such as Bitcoin Talk and even Cryptomorrow here. Speaking of learning, you need some skills for risk management, technical, sentiment and fundamental analysis because these skills will make your trading better by day.
But trading your trading plan is a deep study in self-psychology and crowd-psychology — and this takes some time, experience and reflection if you are to make the changes needed in order to trade successfully.
Some days it is difficult to make honest entries — especially if you consider a losing trade a bad thing.
How Can An Altoin Trader Benefit From A Trading Journal?
Make sure to research which market is most suitable for your coin, otherwise, your withdrawals might not get honored or the markets could become inaccessible at the wrong time. In addition, if possible, make sure altcoin devs have a clean history of successful projects, and a community. Trading itself is a very simple activity..