16k DOLLARS LOSS IN JUST 1 YEAR - page 2.

Issa56

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Quote from: Arabic Salar on October 21, 2023, 08:05:49 AM

Frist of all you have to add some strategy in your trading.As many types of analysis are done in trading but by keeping in mind fundamental and technical analysis, We can avoid the risk of trading.We should never make our investment in a single coin because is the risk in trading. If we make our investment in a single coin, we cannot control the risk.

If you are an investor, investing in only bitcoin is what I mostly recommend. Investing in bitcoin is less risky if you are holding it for a long time, and you don't need to diversify your portfolio. But I know some people just prefer investing in altcoins, which I don't really see as a nice idea. If you go all in with an altcoin, then you are taking unnecessary risk because if the altcoin crashes, then all your money is going down with it. But if you diversify your portfolio, if some fails you, then you might be lucky to recover from others.

Quote from: Xampeuu on October 20, 2023, 12:38:50 AM

In trading we must be able to place targets and stop losses logically,

Stop loss is really important, actually, I don't use it because I am always online monitoring my trade, but I do recommend newbies to always make use of it in case the market goes against them, it's going to cut their losses, but some newbies don't even know that stop loss exists, all they want is to start trading and make money. They don't know the basic things that they are supposed to know before trading.

Quote from: Xampeuu on October 20, 2023, 12:38:50 AM

from which If we want to trade short term, I think using Bitcoin is enough, but if we want to invest long term , I think asset diversification is a better choice

For both long-term and short-term investments, bitcoin is still the best. Don't be deceived by what you hear people say. Investing in bitcoin will give you peace of mind.

Rengga Jati

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Quote from: JULIA2023 on October 15, 2023, 02:08:27 AM

My trading method I just sharing with you tell me where I done a mistake
1: invest in one coin also multiple coin
2: trading was at spot also futures
3.coin was buy from dip they again more dip
4.coin was sell from top they again go up
Kindly share your experience that I m doing a loss you are also a part of my problem so that I want to khow where I done mistake.

The question is:
When you have started losing money on Altcoins, why do you continue trading in these Altcoins? Moreover, you do it in altcoins which I think are new altcoins and don't have good potential. What's more, you trade on the Future market. This is an initial mistake as a beginner doing future trading. This is very high risk and is not recommended for beginners before they really understand it first by learning spot analysis.

Actually, if it's on the spot, as long as the coins you take are coins that basically have a future, this won't be a problem when the value decreases. However, if they are shitcoins, then be prepared to go to zero. It's better if you start again, do it only in Bitcoin and make sure to wait until the bullish era comes. There's a big chance you can get some profits. Even though it might not be as tempting as the hyped altcoins, it's much better with lower risks compared to gambling.

lixer

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Quote from: bhadz on October 29, 2023, 05:45:12 PM

Don't be like that if you're a starter trader. You can start with a small amount for your trades just to get familiarized with how it goes. Putting $1k already as you start is like a pro move but do you think that you can burn that much money just for the lessons? It is better to get discouraged for the newbies to start with huge money as you trade but if that's what you can afford to lose, it's not my money to touch it but just saying that start with little trades first before getting greedy with your future trades.

The very first thing that a newbie needs to understand is that they need to gain enough knowledge about the market, trading practices and techniques, types of analysis, and anything about the coins and tokens that they are going to trade. Once they do that, they should know that futures trading isn't for them since it requires even more extensive knowledge and experience and that experience can only come if you spend some time in the market doing other trades like just buying and selling after a short time intervals so that you can have an idea about how the market and different coins move.

You are absolutely right that when a person is in the learning phase, they shouldn't use a very high amount for their trades but they should only use small amounts for each trade so that even if they fail some trades, they won't lose a lot of money and the amount lost should be recoverable through later trades.

YOSHIE

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Quote from: JULIA2023 on October 15, 2023, 02:08:27 AM

Kindly share your experience that I m doing a loss you are also a part of my problem so that I want to khow where I done mistake.

If I consider what you do with your crypto trading activities, based on the data you submit below.

Quote

My trading method I just sharing with you tell me where I done a mistake
1: invest in one coin also multiple coin
2: trading was at spot also futures
3.coin was buy from dip they again more dip
4.coin was sell from top they again go up

For me it's a common thing to do, maybe I use the method like you did above, I'm sure of that.

However, the difference is the type of crypto you choose in the trading method, I am very sure that if you choose Bitcoin, you will not lose, My experience is that when I paid attention to the crypto market in the last two years and considered several types of coins that were often removed on various existing exchanges, including Binance, at that time I came to the conclusion: I think taking other coins besides Bitcoin is high risk, for that reason I concluded that Bitcoin is one of the best choices for me in trading or investing, nothing else.

uswa56

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Quote from: Assface16678 on October 31, 2023, 04:11:41 AM

You've made many mistakes. First, you trade without enough knowledge. I get it. You don't have someone to teach you or an expert trader to teach you. So what you should do is work hard to gather a lot of knowledge and experience in trading, but you choose the shortcut, which is to keep trading even without the right amount of necessary tools. Second, you keep on trading even if you notice you are keeping on losing, which is an indicator that you chase your losses, which is pretty bad. Third, the amount of money you trade is huge, which is too risky. Remember, too much risk equals a huge reward, just as too much risk can result in a big loss. You also don't focus on one coin only, which you should do so that you will become familiar with the coin and own it. and also buying in a late trade, meaning you ingage in a trade where the profit potential is past, which is not a good move for a trader. I hope you've learned your lesson, but you've learned it in a hard way.

I can't understand how people trade without any knowledge, it's an illogical thing in my opinion, not only in trading but everything we do must of course be based on knowledge, regardless of the reason, but in my opinion there are so many places nowadays so we can learn to gain knowledge before we trade.

For investment choices, in my opinion, everyone has their own targets and whether they want to have many choices or just one type, there is no difference in my opinion because that is not something that minimizes risk. In fact, before we choose an investment option, the most important thing is knowledge about investment. what we will do is the most important.

Assface16678

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You've made many mistakes. First, you trade without enough knowledge. I get it. You don't have someone to teach you or an expert trader to teach you. So what you should do is work hard to gather a lot of knowledge and experience in trading, but you choose the shortcut, which is to keep trading even without the right amount of necessary tools. Second, you keep on trading even if you notice you are keeping on losing, which is an indicator that you chase your losses, which is pretty bad. Third, the amount of money you trade is huge, which is too risky. Remember, too much risk equals a huge reward, just as too much risk can result in a big loss. You also don't focus on one coin only, which you should do so that you will become familiar with the coin and own it. and also buying in a late trade, meaning you ingage in a trade where the profit potential is past, which is not a good move for a trader. I hope you've learned your lesson, but you've learned it in a hard way.

bhadz

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Don't be like that if you're a starter trader. You can start with a small amount for your trades just to get familiarized with how it goes. Putting $1k already as you start is like a pro move but do you think that you can burn that much money just for the lessons? It is better to get discouraged for the newbies to start with huge money as you trade but if that's what you can afford to lose, it's not my money to touch it but just saying that start with little trades first before getting greedy with your future trades.

South Park

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Quote from: boltz on October 26, 2023, 01:30:17 PM

Well , it might be the time to actually admit trading is not for you right ? I mean , if you had those kind of money to trade and assume to fact that you can lose them , it's okay ...but if you don't , I think it's time to stop and your aggressive trading and simply transit towards a hodler as I'm sure you will be a lot more happier in the end. Personally , I never was a good trader and if you're not a major player in crypto space , the market will instantly eat you and your money on same time. Grin

While I think this is the correct path for the OP to take as the level of difficulty is way lower, I doubt the OP will listen to your advice, as once a person has lost that much money they will be unable to stop thinking about it and they will want to recover it, this is a process we see in every single activity in which people can lose money, including gambling, and despite how much it is known about this process, due to human nature this keeps happening, producing greater and greater losses for those that choose to follow this path.

Peanutswar

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Seems just you made the wrong timing of your position, even though you are a beginner you know and understand if the market that time is quite high or low, so you can possibly make a good strategy to entering and exit, and another thing is don't make alot of expenses too much you don't need to give all of your salaries, seems like its okay with you to lose your income just to have a trade. Looking forward into it, this can be a treated as an expensive learning or mistake, by that i guess you learn alot with the market possible movement so you could avoid now the same mistake from the last year youve committed. Or else why not make an investment other than crypto and if you succeed use those good cashflow for your crypto.

Fatunad

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Quote from: Rap111 on October 22, 2023, 06:19:57 PM

Quote from: JULIA2023 on October 15, 2023, 02:08:27 AM

I HAVE JUST EXPAIN TO YOU MY JOURNEY OF TRADING THAT HOW I HAD LOST THESE DOLLARS.
I have started the trading from BINANACE app and I invest 1 k dollar at the start from spot while I had no teacher
i was in trainee at that time one day was will profit the other day was my loss day every month I invested in binance app from my salary
after investing these money would finish in just 4 to 6 days after that I again wait for my salary.
At the end in invested 6 k dollar at one time but there was a coin which has up from 0.92 to 14 dollars I bought this coin in 11 dollars and
unfortunately this coin dip to 2 dollars and I was see my loss in just 10 minutes.
My trading method I just sharing with you tell me where I done a mistake
1: invest in one coin also multiple coin
2: trading was at spot also futures
3.coin was buy from dip they again more dip
4.coin was sell from top they again go up
Kindly share your experience that I m doing a loss you are also a part of my problem so that I want to khow where I done mistake.

I Understood Very Well, Our Ancestors Have a Saying: If You Are Patient, You Can Succeed, Dear Users, Do Not Forget This Word. Even if you lose 15 K today, do not sell because it may exceed this level in the future. This is my advice to you

But we know that being having that too long "PATIENCE" or something that we could say that soo much in that sense then it would really be having its cons or disadvantage on which you would really eventually missing out tons of opportunities on which you could really be able to miss out if you wont really be that wise on knowing on when would really be the best time to sell.There are indeed situations on which you would really be needing to take up such action but if you are really that going for long term or lets say for some decade before on making out such decision then it would really be your choice.It would really be requiring that extreme dedication and patience for you to be able to do so. Not all would really be having on the same level when it comes to this manner.

Learning from your mistakes would really be the key on making yourself way more better. It might sounds hard but its not impossible. There are really just those losses or misakes which is really that severe
and really that hard to move on and you would be always keep on thinking on what you have done but well whats done is done and there's no way that it could really be taken back.
It is really just that you would really be needing to move on and move forward.

boltz

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Well , it might be the time to actually admit trading is not for you right ? I mean , if you had those kind of money to trade and assume to fact that you can lose them , it's okay ...but if you don't , I think it's time to stop and your aggressive trading and simply transit towards a hodler as I'm sure you will be a lot more happier in the end. Personally , I never was a good trader and if you're not a major player in crypto space , the market will instantly eat you and your money on same time. Grin

rojan

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Quote from: JunaidAzizi on October 25, 2023, 02:28:18 PM

Your first mistake is that you initiate trading without knowledge which means that you did not understand about any coin and consider every coin as a beneficial coin to give you profit. Other mistake is that you Continuesly trading after your loss, I think if you face loss for certain times then you should stop your trading that time and try to evaluate the reason behind your loss which you did not evaluate.
If you are not good in trading then don't waste your time and money in trading but save your money through investment which will maximise your money as well as reduces your loss. Also remember that if you are spending lots of money on other useless coins then beside it you can invest large sum at once in bitcoin which can be beneficial for you.

Before we start trading, it would be better if we start with a little thought because if we trade with a wrong decision, we will lose. But for trading, we must have a good idea in trading communication, then we can succeed in trading. However, during our trading, some Trading should be done according to the rules. When there is a loss, then you should stop trading for some time and understand the situation of the market.

lombok

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Quote from: HONDACD125 on October 22, 2023, 02:09:35 PM

Quote from: Wakhid Mukti on October 21, 2023, 12:34:54 PM

The best decision is investment compared to trading. OP also said that he had just started trading, so this was purely OP's mistake in choosing to place that much money in trading instead of investing.

In my opinion, investment is definitely easier than trading, but not so easy that even a newbie can invest easily. Trading is a tough job and requires a lot of experience and skill, while investing also requires knowledge. Market volatility bear, season bull season, previous record and history of any coin, current season information about all these is very important. Only then can we be a good investor and make a profitable investment.

There are also people who bought Solana at $200 and bought Dot Coin at $40.Now you can see the current price of both where they are trading. Similarly, you will find many investors who bought Bitcoin around $50,000 and then the price of Bitcoin has dropped to $15,000.These will surely be people who don't know about investments and invest without knowledge and information after watching the price of Bitcoin decrease.

The stress and pressure caused by both are also different. Trading has a higher level of stress and pressure because this is influenced by market price volatility at that time as well as several take profit and loss targets during the trading period (short term). Investment is clearly different because the goal is long term.

As you explained, although investing is relatively easy, it carries big risks and tends to take up time. To achieve satisfactory results we are also required to master basic things regarding market analysis and sentiment. If you invest haphazardly, the profits generated and the time required will be a little unequal. However, if we master the basics of analysis, perhaps the investment time and funds used can provide maximum and satisfying results. And events like buying at peak prices as you say will not happen.

Hamphser

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Quote from: JULIA2023 on October 15, 2023, 02:08:27 AM

I HAVE JUST EXPAIN TO YOU MY JOURNEY OF TRADING THAT HOW I HAD LOST THESE DOLLARS.
I have started the trading from BINANACE app and I invest 1 k dollar at the start from spot while I had no teacher
i was in trainee at that time one day was will profit the other day was my loss day every month I invested in binance app from my salary
after investing these money would finish in just 4 to 6 days after that I again wait for my salary.
At the end in invested 6 k dollar at one time but there was a coin which has up from 0.92 to 14 dollars I bought this coin in 11 dollars and
unfortunately this coin dip to 2 dollars and I was see my loss in just 10 minutes.
My trading method I just sharing with you tell me where I done a mistake
1: invest in one coin also multiple coin
2: trading was at spot also futures
3.coin was buy from dip they again more dip
4.coin was sell from top they again go up
Kindly share your experience that I m doing a loss you are also a part of my problem so that I want to khow where I done mistake.

So there's what have you done and these are my comments basing up on the number.

1. Doesnt need to go multiple if one is really just that enough. Dont try to catch up everything.
2. Futures is not recommendable, it is really that gambling like
3. Buy high sell low, eh?
4. Profits is profits, this what matter most.

Dealing up with this unpredictable market would really be always be ending up with unpredictable results. Outcomes could really be that different because there's no way that
we could be able to determine on where things could be going. This is why losses are indeed inevitable and there's no way that you could really be able to tell whether you would really be
succeeding into this career or not.

16k loss in a year is really that big and not something that i could really afford to lose but since its their then there's no turning back.
People would really be losing money on the time that they are starting which its a common newbie situation but later on then having those mistakes do make out
learnings on which it would really be something that will really be useful for you into your further trades that would happen in the future.

JunaidAzizi

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Quote from: JULIA2023 on October 15, 2023, 02:08:27 AM

I HAVE JUST EXPAIN TO YOU MY JOURNEY OF TRADING THAT HOW I HAD LOST THESE DOLLARS.
I have started the trading from BINANACE app and I invest 1 k dollar at the start from spot while I had no teacher
i was in trainee at that time one day was will profit the other day was my loss day every month I invested in binance app from my salary
after investing these money would finish in just 4 to 6 days after that I again wait for my salary.
At the end in invested 6 k dollar at one time but there was a coin which has up from 0.92 to 14 dollars I bought this coin in 11 dollars and
unfortunately this coin dip to 2 dollars and I was see my loss in just 10 minutes.
My trading method I just sharing with you tell me where I done a mistake
1: invest in one coin also multiple coin
2: trading was at spot also futures
3.coin was buy from dip they again more dip
4.coin was sell from top they again go up
Kindly share your experience that I m doing a loss you are also a part of my problem so that I want to khow where I done mistake.

Your first mistake is that you initiate trading without knowledge which means that you did not understand about any coin and consider every coin as a beneficial coin to give you profit. Other mistake is that you Continuesly trading after your loss, I think if you face loss for certain times then you should stop your trading that time and try to evaluate the reason behind your loss which you did not evaluate.
If you are not good in trading then don't waste your time and money in trading but save your money through investment which will maximise your money as well as reduces your loss. Also remember that if you are spending lots of money on other useless coins then beside it you can invest large sum at once in bitcoin which can be beneficial for you.

Bitcoin_people

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Quote from: JULIA2023 on October 15, 2023, 02:08:27 AM

I HAVE JUST EXPAIN TO YOU MY JOURNEY OF TRADING THAT HOW I HAD LOST THESE DOLLARS.
I have started the trading from BINANACE app and I invest 1 k dollar at the start from spot while I had no teacher
i was in trainee at that time one day was will profit the other day was my loss day every month I invested in binance app from my salary
after investing these money would finish in just 4 to 6 days after that I again wait for my salary.
At the end in invested 6 k dollar at one time but there was a coin which has up from 0.92 to 14 dollars I bought this coin in 11 dollars and
unfortunately this coin dip to 2 dollars and I was see my loss in just 10 minutes.
My trading method I just sharing with you tell me where I done a mistake
1: invest in one coin also multiple coin
2: trading was at spot also futures
3.coin was buy from dip they again more dip
4.coin was sell from top they again go up
Kindly share your experience that I m doing a loss you are also a part of my problem so that I want to khow where I done mistake.

You lost $16,000 last year because of your mistake. You should have consulted an experienced teacher before investing or trading so that he would have given you good advice and you would not have lost so much if you took that advice. But you didn't take advice from a good trader and later you lost so much money in future trading or spot trading. You should first know about the market and how you can make a profit if you invest. You lost because you went into trading without knowing about the market, it's mainly your fault because the market often gets volatile due to which people lose their money. That's why you need to know about the volatility so that you don't stop trading and face losses during those times. But you didn't take any such education and you didn't take anyone's advice which is why you got into this situation. But if you were doing spot training it might give you some hope or if you were investing in bitcoins it would give you the most profit. That's why if you want to trade or invest later on, make sure to invest in Bitcoin for a long period of time knowing that it will give you maximum returns.

Rap111

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Quote from: JULIA2023 on October 15, 2023, 02:08:27 AM

I HAVE JUST EXPAIN TO YOU MY JOURNEY OF TRADING THAT HOW I HAD LOST THESE DOLLARS.
I have started the trading from BINANACE app and I invest 1 k dollar at the start from spot while I had no teacher
i was in trainee at that time one day was will profit the other day was my loss day every month I invested in binance app from my salary
after investing these money would finish in just 4 to 6 days after that I again wait for my salary.
At the end in invested 6 k dollar at one time but there was a coin which has up from 0.92 to 14 dollars I bought this coin in 11 dollars and
unfortunately this coin dip to 2 dollars and I was see my loss in just 10 minutes.
My trading method I just sharing with you tell me where I done a mistake
1: invest in one coin also multiple coin
2: trading was at spot also futures
3.coin was buy from dip they again more dip
4.coin was sell from top they again go up
Kindly share your experience that I m doing a loss you are also a part of my problem so that I want to khow where I done mistake.

I Understood Very Well, Our Ancestors Have a Saying: If You Are Patient, You Can Succeed, Dear Users, Do Not Forget This Word. Even if you lose 15 K today, do not sell because it may exceed this level in the future. This is my advice to you

SOKO-DEKE

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When some high-ranking members in the forum are advising newbies to stay away from trading, they have a reason for that, but some newbies are feeling themselves with little knowledge; they just gather and go ahead and involve themselves in trading, which is not supposed to be the case. If someone wants to be a successful trader, they need a proper understanding of trading before they should involve themselves in trading. If someone who is an experienced trader can also lose some time in trading despite their knowledge of trading, a newbie should know that trading is very hard and requires good knowledge.

Op I believe that you lost money in trading because you lack proper knowledge about trading because the way you try to explain yourself seriously shows you just buy the coin because you feel that the coin will do well without any technical analysis before buying, and they don't trade like that because you easily fall into the trap of scam coins, which are pump and dump. And again, as new people in trading, they don't need to use a huge amount of money for trading, they need to start with a small amount of money, and from there, you can gradually increase the amount when they notice they are making profits from their trading.

Woodie

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If there is one part about crypto trading most users don't really talk about is the Altcoin market manipulation!!!

The fact that Altcoins have very little liquidation on most of these exchanges we know, makes them easy to manipulate if you own a lion's share of coins...and knowing this information should have saved you and made you some profits!! Anyway , incase you still trading
alts you want to be taking out profits at any given chase unless it's Bitcoin you can hold a winning trade till take profit.

Stable090

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Quote from: goaldigger on October 15, 2023, 05:20:16 PM

Starting big during your learning process is quiet not good, because that’s already big for the starter.

Lack of understanding about trading is the main reason why the OP lost that amount of money. Before you start any business or investment, don’t just rush and invest a large amount in it. If you start trading, there are high chances of you losing all your money in the process of learning. That’s why it’s better to just start with a small amount of money to learn and to get the strategy that will work for you before increasing the amount that you will be using to trade. When increasing the amount you will be using to trade, it should be gradually. Don’t think you already know how to trade and you will increase your money instantly, you have to be increasing your money gradually, trading is a continuous process and you will keep on learning always.

Topic: 16k DOLLARS LOSS IN JUST 1 YEAR - page 2. (Read 848 times)