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Crypto Trading Psychology:5 Bad Habits of Losing Traders
Rating: 4.3 out of 5(15 ratings)
90 students

Crypto Trading Psychology:5 Bad Habits of Losing Traders

Trade Crypto like a PRO
Created bySats Income
Last updated 5/2024
English
English [Auto],

What you'll learn

  • My biggest mistakes in Trading and how to fix them
  • You will find solutions for problems in trading that you might have
  • Why always to set a stop loss
  • How to set a stop loss
  • Risk management system
  • How to be strict with your Risk management
  • Why it`s crucial to have a trading system
  • Copy trading (entering in trades without a plan simply because someone on twitter or other social media told you so) and how to stop doing it
  • Revenge trading and how to stop doing it

Course content

2 sections9 lectures1h 52m total length
  • Always trade with stop losses14:31

    Learn to always trade with stop losses by using hard and mental stops, and exit when the main reason for entry is no longer valid.

  • Risk management System14:07

    learn how strict risk management protects trading capital by sizing positions to a 1 to 3 percent risk per trade and calculating stop-loss based position sizes with a disciplined plan.

  • $77,000 profits in a month0:43

    Explore crypto trading psychology by identifying bad habits that lead to losses, aiming for disciplined profitability, illustrated by a $77,000 monthly profit example on Binance.

  • How to stop Copying trades of people on Social media5:29

    Stop copying trades from social media; focus on education over signals, build a personal plan with technical analysis, and trade independently using clear entry, exit, and stop loss rules.

  • Trading system7:07

    Develop a simple, consistent trading system with clear entry, stop loss, and exit criteria to avoid analysis paralysis. Backtest, apply it relentlessly, and adjust position sizing if losses grow.

  • Revenge trading9:19

    Avoid revenge trading by following a simple system: enter when the 21 EMA crosses above the 55 EMA and exit when it crosses below, staying disciplined.

  • $28,000 in one month of trading crypto3:07

    Explore crypto trading psychology and profits, highlighting a $28,000 June gain and a live Bitcoin trade guided by custom indicators for precise entries and exits.

  • Revenge trading continuation4:27

    Combat revenge trading by following a simple moving-average system (21 and 55) to enter on cross signals, exit strategic moves, and trade based on evidence, not assumptions.

Requirements

  • Willingness to work on your psychology

Description

Do you want to learn what is holding you back and preventing you from making money in trading?

In everyday life, bad habits can have any number of side effects. Weight gain, illness or social exclusion, for example. Bad trading habits, by contrast, affect people in just one way. They lose money.
Letting costly habits creep into your trading is all too easy to allow. After all, you don’t have a boss to tell you what to do, what not to do, how and when to do it, and you can risk as much as you like.
Whether you are a beginning trader or a seasoned one, it is easy to entertain bad habits that are keeping you from your full earning potential. It’s most likely that you don’t even realize that specific behaviors are holding you back. Instead of looking at the realities of a potential trade, you could be seeing something different through filters you have established. These can become habits that will affect the decisions you make when trading. Don’t be held back by bad habits! Learn to recognize them so you can experience better outcomes on your trades.


With that in mind, in this course we’re going to talk about the 5 worst trading habits and how to conquer them.


So don`t hesitate Enroll Now.

Who this course is for:

  • Traders who want to improve the psychological side in trading