. Trading is a serious business that requires knowledge and control. Every trader who will make a trade aims to maximize his gain while keeping his loss at a minimum level. This requires target control. However, investors who are just starting to trade sometimes do not take this issue seriously enough.
What is Controlled Trading and How Can It Be Provided?
In order to be successful in any field, it is among the greatest requirements to be equipped and open to development in that field. Likewise, hardware and control are very important to succeed when trading in the markets. Otherwise, we can say that the investor will have gambled in a way in trading transactions. This may benefit the investor in some processes and in the short term, but not having control in the long term will result in the investor making unsuccessful trades in the market and facing serious losses.
The periods when the market rises, declines and moves horizontally are out of your control. But there is one thing you can control as an investor, and that is risk. The decision of which periods and how to trade in the market and the control of your risk management is in your hands as an investor. The first thing that the investor who will make controlled trading and aims to manage the risk well is not to risk the amounts he cannot afford to lose. As in every field, we can show that the main provider of success and self-confidence in the market is practice. Practicing does not guarantee the trader a profit on his trades in the market and does not make the process perfect. However, the main goal and key part here is to understand, gain experience and adopt how to approach the market. We can list some tips that will enable you to be a responsible and controlled trader as follows;
1. Practicing Self-Discipline and Self-Control
Self-discipline and self-control are the ability to avoid anything that would cause excessive negative consequences and to regulate one’s behavior, emotions, desires. This skill is very important at the point of trading in the market. Otherwise, the investor will trade obsessively, which will evolve into gambling rather than trading in a controlled manner on the market. As a result, the responsibility of the trading transactions is removed from the investor and the investor who wants to make a profit may face unwanted losses.
2. Continuing Education
We can say that crypto coins have gained great popularity especially during the pandemic process and have become the center of attention of investors. Cryptocurrency trading is a broad topic that can be daunting, especially for those just starting out. Especially the fact that its popularity has increased rapidly in the recent period leads investors to this area, while the technologies it uses and its innovative structure can cause uneasiness on investors. At this point, it is of great importance for investors to educate themselves continuously. The selection of the right source for the investor who wants to educate himself and develop himself in this field is also a matter that should be chosen very carefully. As Icrypex Crypto Money Exchange, we highly value the education and development of investors in this area. In addition to the “Blockchain – Crypto Coins – Bitcoin” and “Economic Indicators from the World” books that we sponsor, we strive to provide the necessary training and development support for investors to increase their financial literacy and to get to know crypto coins more closely with our daily bulletins.
3. Capital Protection
As we mentioned above, risk control is a very important concept for investors. Likewise, it should be underlined that the investor should not risk amounts that he cannot afford to lose. The investor who can make the right risk analysis keeps the control and can minimize this loss even if he is going to make a loss. Otherwise, it will not be able to maintain control and may have serious problems in terms of protecting its capital.
4. Knowing When to Stop Trading
The fact that the investor knows when to stop trading is an indication that he is trading and is able to take responsibility by acting with logic rather than ambitions and desires. This issue is very important for the investor to maximize his gain while keeping his loss at a minimum level. The trader needs to discipline himself at this point and avoid trading at an obsessive level. For this reason, the investor can ask himself whether he has suffered more losses by continuing to trade in order to replace this loss after losing in trading.
