Bitcoin Trader Reveals 4 Reasons Your Trading Strategy NEVER Works

 
Are you struggling to make money trading bitcoin on a consistent basis? If you answered with a resounding “Yes!” you are not alone.

Despite what they might claim on Twitter, virtually everyone fails at trading. One study found that 96 percent of forex traders lose money and quit in disgust, and it’s likely that active crypto traders suffer from similar failure rates.

And it’s all because they make the same mistakes again and again.

But as this excellent Twitter thread by pseudonymous trader Bitcoin Macro reveals, you don’t have to resign yourself to the same fate.

Here are four reasons your crypto trades keep failing and why you should alter your strategy accordingly.

1. You’re Too Scared to Buy the Bitcoin Bottom

Bottom-picking is one of the most profitable plays you can make in trading cryptocurrencies. It’s also one of the most difficult times to pull the trigger.

First, the…