How to effectively avoid unnecessary losses

[Juskopo]

How to effectively avoid unnecessary losses ?

[Newbie_trader]

Limit yourself. You have to know when to stop or make unnecessary deals.

[Mr. Cid]

Almost all digital coins price' are not stable. Focus on something that could improve your trading methods and enhance trading skills. Follow your rules to avoid panic selling.

[Aya]

Avoid making decisions on an overly emotional state. Most of the time, that is when we make the wring trading decisions.

[Newbie_trader]

Avoid making decisions on an overly emotional state. Most of the time, that is when we make the wring trading decisions.

We usually make a silly decision if we are in a very emotional state.

[Mr. Cid]

We usually make a silly decision if we are in a very emotional state.

Our emotion is one of the factors that prevent us from making money.

[AbdulShiek]

Our emotion is one of the factors that prevent us from making money.

I've seen my friends lost their money because they panicked when the price got low. They closed all their positions in unison without making a single penny. I told them to wait, but they never listened.

[Muhideen05]

When trading, apply risk management and know your enduring limit. That will tell you the maximum loss you can afford.

[Trader_Rob]

When trading, apply risk management and know your enduring limit. That will tell you the maximum loss you can afford.

This is a good tip. Knowing when to stop is also a good quality of a great investor.

[kachinna]

There are just some few thing to do to avoid losing in the market.
First, understand the market and build your skills.
Avoid the noise and trade the signals.
Be comfortable in your own decisions.
Avoid emotions and have a good risk management.