How the hell does it happen that no matter the trading decision you make, you will lose. It is almost like, if you long and short the market at the same time, both trades will still go wrong .

1
Statistically, it is said that about 10% of traders make money consistently. These 10% of course, have a lot of money to stand the market storm, skills, experience and a lot of time.

If you try to trade like them, without having the above you are guaranteed a spot in the losing 90%.

2
Trading with indicators.
There are a lot of players in the trading market. If you are reading this, you are most likely one of those we call the retail traders . There are other people in the game, people who make indicators tick and make trading patterns form. Those are the market makers, the people who pump and dump the market (no, it's not elon musk).

Their job is to make it possible for retail traders like us to always buy and sell at any time.

These people know exactly when MACD is going to cross or when the right shoulder of an head and shoulder pattern completes. Trust me, if you can see it, they can see it and they will dump on you exactly when you start buying.

3
Back to statistics...Statistically, market trends about 8-10% of the time. So by default, the probability of winning a trade is 0.1. the odd is massively stacked against you and I. It will just happen that you will buy high and sell loww.

4
#FOMO YOLO, BTFD
Fear off missing out, you only live once, buying the fucking dip, all are exactly the same: you enter the market blindly.
And to be sincere, entering a trade blindly is not the problem, but most people who do so rarely have a plan to exit at all. They are the shib army, safemooners, the hodlers... THE BAG HOLDERS .
People in this category have the honours of following the market to the top and follow it right back to the bottom.

PS: the view expressed above is not a financial advice, kindly do your own research.
The post is sponsored by chartless dot co, at chartless we provide you with tools to analyse the market and automate your trades on binance.

In the next part of the trading support series we will see how we can buy low and sell high. Catchya.