How to NOT Lose USD 300,000 on Manual Trading? Here’s The Answer!

cryptonews.com:

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The manual trading on cryptocurrencies is an arduous and risky endeavour. There is not only a steep learning curve to consider, but also the fact that traders often make mistakes, one could have avoided. Moreover, the decision-making aspect of trading is crucial, and automation tools continue to gain momentum in this segment.

When people explore the idea of trading cryptocurrencies, they have a steep learning curve ahead. These complex markets introduce many opportunities but also  some risks , which not everyone is comfortable with. Every entry made by a trader can have consequences - for better or worse - and making timely decisions is paramount. Unfortunately, that is all easier said than done with thousands of markets and trading pairs at one's disposal.

Manual trading is a risky business in the cryptocurrency world. Market conditions can change at any moment, and traders may not always make the right decision at the right time. In addition, there is too much data to consider, and market conditions may invalidate recent findings even after performing technical analysis. As a result, it is all too common to see traders losing money instead of pocketing a profit.

Making matters worse are the horror stories of traders losing vast sums of money. One British trader recently lost nearly USD 300,000 through manual trading by making one costly mistake and not timing the shifting market momentum correctly. Although the trader had a solid long-term money-making strategy, all it took was a sudden bearish turn and forgetting to place stop-loss orders to nuke the portfolio completely.

It is normal to make mistakes when engaging in manual trading.