Bull & Bear
The confrontation of these two animals is fine, but I love bulls more
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🤩In 30 minutes I will post the news about one coin in this channel
🤩If you want to be aware then here is the link @wow_crypto_sale
Crypto Sale
🔺Current news that helps to understand the world of cryptocurrencies from the inside! 🔺Admin: @Jobber_BTC
Today I want to recommend a channel about the world of cryptocurrency and trading, the admin of this channel is my good friend, so please subscribe to it!
👉 https://t.me/Coin_Quest
CoinQuest
📣The best news about cryptocurrencies and blockchain projects 📣Advertising promotion: @Olivia_Soul
🤩In 30 minutes I will post the news about one coin in this channel
🤩If you want to be aware then here is the link @wow_crypto_sale
😍And In this channel you can study trading @crypto_shakes
Crypto Sale
🔺Current news that helps to understand the world of cryptocurrencies from the inside! 🔺Admin: @Jobber_BTC
[If you’re a newbie trader, avoid this habit of averaging into losses]
Imagine:
You bought 1 lot of EUR/USD at 1.3000.
Shortly, the price dropped 50 pips and you’re down $500.
Now you’re thinking to yourself…
“I knew it, the market is out to get me again.”
“But wait… if I buy another 1 lot of EUR/USD, then I can quickly get out at breakeven if the price moves up 25 pips.”
“I’m a genius!”
So…
You buy another lot of EUR/USD at 1.2950.
Next thing you know, EUR/USD tanked 100 pips—which puts you at a loss of $3,500.
In other words…
If you had cut your loss from the start, it would have only been a loss of $500.
But because you gave in to your emotions and averaged into your losses, it grew into a $3,500 loss.
So the lesson is this:
If the market proves you wrong, get out of the trade.
Don’t average into your losers because it could snowball into something near impossible to recover from.