Why do 90% of traders fail?

Panic selling typically occurs when traders perceive a threat to their investments and feel compelled to act immediately to limit their losses. However, this hasty decision-making process often results in selling at the worst possible time, exacerbating the market downturn and amplifying losses.

The emotional aspect of trading can cloud traders' judgment and prevent them from making informed decisions. In the heat of the moment, traders may overlook fundamental market trends and fail to consider the long-term implications of their actions.

Trading, an activity often driven by emotions, can lead traders astray and prompt them to make decisions that are not grounded in logic. A common example of this is the phenomenon of panic selling, where traders react impulsively to market movements.

To combat the influence of emotions on trading decisions, traders must develop a disciplined approach and stick to a well-defined trading plan. This includes setting clear entry and exit points, managing risk effectively, and maintaining a level head during market volatility.

Among the various cryptocurrency exchanges available, BTCC stands out as a top-tier platform offering a comprehensive range of services to traders. In addition to its robust spot trading platform, BTCC also provides access to futures trading, enabling traders to speculate on the future price of cryptocurrencies.