Topic: 2 Reasons Noobs Fail At Trading (Read 755 times)
I use Binance for trading. When I first started trading, I was trading on a scalping strategy, but I did not know that can pay a Commission for transactions in BNB. So I spent on the Commission more than I earned on trading. But now I use BNB. That was my bad experience.
Probably you are a professional trader, not every trader is a professional or has the time to sit on the system to monitor their trade, trading without stop loss system or take profit system is quite stressful because you have to keep your eyes always on the trade except you are using a bot to trade.
Some of your concepts are fundamentally wrong here. Not every trader needs to be a professional to make money. The old school method of buying low and selling high always works to make profit provided you have nerves of steel to hold through any bear market and /or stock up more on a bear market. In the stock markets these things are more objective but in bitcoin you can safely buy more without thinking about a loss of the asset because it will rise in future. One does not need to use a bot for that. They can set buy orders and sell orders and check one or twice per day to see if they get filled.Quote
Hence, it is very necessary for one that is not so perfect in trading to really consider an exchange that has this tool in place to avoid unnecessary risk that can result to the lost of total investment.
No exchange would provide you such a tool. If it is doing so then its shady. 
I think the issue here is that not every exchange have a stop loss so is like you will have to stick with your imaginations most time which really sucks
Then you don't have to learn about a stop loss or choosing the exchange that has a stop loss. What you only need to do is buy low and sell high, that is. As long as you can use that, I am sure that you don't have to worry about the profit because you can always make the profit in trading.
I don't know much about stop-loss, but I always tried to buy low and sell high, and it makes me analyze my chance to get that position. Besides that, I know that it will not easy to use stop loss because we need to be ready for anything that might happen later. But you can learn about a stop loss function in the exchanges, and I think the difference from the normal trade is not too big as long as you know what you want to do.
Hence, it is very necessary for one that is not so perfect in trading to really consider an exchange that has this tool in place to avoid unnecessary risk that can result to the lost of total investment.
I would rather go manual trading than leaving it for a day or two.
One more problem is the greed comes first. Newbies tend to think like it is an easy task to trade and then just leave it there like a robot making money. It is not.
Just going with the hype is like gambling. There is no proof that it could really make profit hence it could be worse and will just break you from trading again.
They fail because of greed only of profit. Nothing else. From a small profit for a day then the greed to make more in just the 2nd day.
One more problem is the greed comes first. Newbies tend to think like it is an easy task to trade and then just leave it there like a robot making money. It is not.
Just going with the hype is like gambling. There is no proof that it could really make profit hence it could be worse and will just break you from trading again.
They fail because of greed only of profit. Nothing else. From a small profit for a day then the greed to make more in just the 2nd day.
I am not good at trading and i I do not like short term in trading it always lose. Now i prefer for long term and so far make good profit for me.
If you do not have what it takes to engage in active or day trading then you can go for long term holding as you claim you do. Holding coins is much easier and anyone can do that, it requires nothing, other than simply buying the coins and owning a wallet.
So many have tried day trading without having any knowledge and have lost so much, do not force it, go for that which is easier and more comfortable for you
I am not good at trading and i I do not like short term in trading it always lose. Now i prefer for long term and so far make good profit for me.
Trading is not for everyone because some people are trying to take short cuts on making money. So many reasons why they failed and hopefully they learned a lot from that mistakes. Newbies should be more reponsible and learn trading everyday. Holding for long term is always safe and good.Exactly my thought too... But if you tell them this, they feel you don't want them to earn too. Trading may not be easy at times and sometime it's the noobs that are starting out new, are the ones sometimes dragging the price of Bitcoin down.
Its okay too trade if they want to, but it's best they stay back and learn how it works first instead of jumping into it just to make money.
When you talk about someone going into trade without full knowledge, I believe they are also going in with cash they will pump into the market which they might eventually loose, they keep trying by pumping more money till they get it right, so if noobs are pumping money into the market from time to time, how have they brought price of BTC down even when they panic sell, part of their money still go into the BTC.
I am suspecting OP trying to promote an exchange. However, mentioned 2 reasons isn't valid to me why noobs are failed on trading. In my opinions below 2 reasons are more important.
1. Not enough experience.
2. Not enough patience.
Both are very important on crypto-currency trading. Noobs are looking quick rich method and they take wrong decisions. That's why mostly they are on loss. Same thing about patience, they don't want wait and become panic so they sell coin on loss.
When we just newly jump into something specially on money making then the first common thing comes to our mind is to get rich quickly.1. Not enough experience.
2. Not enough patience.
Both are very important on crypto-currency trading. Noobs are looking quick rich method and they take wrong decisions. That's why mostly they are on loss. Same thing about patience, they don't want wait and become panic so they sell coin on loss.
Thats why we do fail up on first tries yet we dont even know on what we are doing and also knowing that trading isnt really that easy to learn and to be mastered
specially with this very unpredictable market.If you do let your emotions and do lacks with experience then expect on what would be the outcome.
I think the issue here is that not every exchange have a stop loss so is like you will have to stick with your imaginations most time which really sucks
I don't think there is anything like imagination since trading crypto currency is quite different from gambling. If you are in profit you should be able to see that you are in profit and you are free to take profit at will, since you claimed there are exchange that has no stop loss and take profit. 
Full time trading with crypto can be HARD! However, a lot of new traders fail due to two fundamental flaws.
1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
Determining where Bitcoin will go hasn't been hard. Determining where Bitcoin will go from a neutral market...now that's a different animal. If you're bullish on a certain crypto always use a stop loss. Look for points of resistance and support, then set your stop losses accordingly. If you are trading and "scalping" your trades, you need to make sure you are paying little to no trading fees. Coinbase pro allows "makers" to pay $0 in fees (limit buy and sell orders). Nauticus is new and offers 99% discounts on all trades atm https://nauticus.exchange/exchange/NTSBTC . Binance allows you to use BNB and receive discounts for it. This isn't rocket science tho guys. Learn how to short, when to open bullish positions, and don't get destroyed by fees from the bigger sites
People interested when they get a lot of money.So any newbie trader doesn't try to learn or research first on crypto or trade totally and they only know sell high and buy low.When price down they got depressed and sell their asset with lost and i see maximum newbie trader lost the asset for this reason 1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
Determining where Bitcoin will go hasn't been hard. Determining where Bitcoin will go from a neutral market...now that's a different animal. If you're bullish on a certain crypto always use a stop loss. Look for points of resistance and support, then set your stop losses accordingly. If you are trading and "scalping" your trades, you need to make sure you are paying little to no trading fees. Coinbase pro allows "makers" to pay $0 in fees (limit buy and sell orders). Nauticus is new and offers 99% discounts on all trades atm https://nauticus.exchange/exchange/NTSBTC . Binance allows you to use BNB and receive discounts for it. This isn't rocket science tho guys. Learn how to short, when to open bullish positions, and don't get destroyed by fees from the bigger sites
I am not good at trading and i I do not like short term in trading it always lose. Now i prefer for long term and so far make good profit for me.
Trading is not for everyone because some people are trying to take short cuts on making money. So many reasons why they failed and hopefully they learned a lot from that mistakes. Newbies should be more reponsible and learn trading everyday. Holding for long term is always safe and good.just using limited strategies such as buy low sell high, thats why many of them suffer losses
They leave it to fate basically. Similar to just simple gambling. Well sometimes it would work and people will be lucky with their random trades but most of the the time they'll lose money. Strategies are more than just buy low sell high since that usually isn't attained without proper planning. Experience is everything in this industry.
I am not good at trading and i I do not like short term in trading it always lose. Now i prefer for long term and so far make good profit for me.
I think you are new at trading. I have few of my friends who even do day trading and are earning a lot of money. It is the matter of experience. If you are experienced trader you can earn even daily. For Newbie, the best option is make a trade and sell coins only when you're at profit. Also try to learn the charts and TA as it can really help you choose the coins at right time and sell at an optimal price.
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I think the issue here is that not every exchange have a stop loss so is like you will have to stick with your imaginations most time which really sucks
Then you don't have to learn about a stop loss or choosing the exchange that has a stop loss. What you only need to do is buy low and sell high, that is. As long as you can use that, I am sure that you don't have to worry about the profit because you can always make the profit in trading.
I don't know much about stop-loss, but I always tried to buy low and sell high, and it makes me analyze my chance to get that position. Besides that, I know that it will not easy to use stop loss because we need to be ready for anything that might happen later. But you can learn about a stop loss function in the exchanges, and I think the difference from the normal trade is not too big as long as you know what you want to do.
I am not good at trading and i I do not like short term in trading it always lose. Now i prefer for long term and so far make good profit for me.
Trading is not for everyone because some people are trying to take short cuts on making money. So many reasons why they failed and hopefully they learned a lot from that mistakes. Newbies should be more reponsible and learn trading everyday. Holding for long term is always safe and good.just using limited strategies such as buy low sell high, thats why many of them suffer losses
I am suspecting OP trying to promote an exchange. However, mentioned 2 reasons isn't valid to me why noobs are failed on trading. In my opinions below 2 reasons are more important.
1. Not enough experience.
2. Not enough patience.
Both are very important on crypto-currency trading. Noobs are looking quick rich method and they take wrong decisions. That's why mostly they are on loss. Same thing about patience, they don't want wait and become panic so they sell coin on loss.
1. Not enough experience.
2. Not enough patience.
Both are very important on crypto-currency trading. Noobs are looking quick rich method and they take wrong decisions. That's why mostly they are on loss. Same thing about patience, they don't want wait and become panic so they sell coin on loss.
I think the issue here is that not every exchange have a stop loss so is like you will have to stick with your imaginations most time which really sucks
If we follow any kind of strategies in some point we also had the losses happened in trading at anytime so if you were a trader you will definitely need to accept the loss that happened to you otherwise you will definitely made some mistakes again and again once you got the mistake you learnt something from that this will be the experience.
Full time trading with crypto can be HARD! However, a lot of new traders fail due to two fundamental flaws.
1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
Determining where Bitcoin will go hasn't been hard. Determining where Bitcoin will go from a neutral market...now that's a different animal. If you're bullish on a certain crypto always use a stop loss. Look for points of resistance and support, then set your stop losses accordingly. If you are trading and "scalping" your trades, you need to make sure you are paying little to no trading fees. Coinbase pro allows "makers" to pay $0 in fees (limit buy and sell orders). Nauticus is new and offers 99% discounts on all trades atm https://nauticus.exchange/exchange/NTSBTC . Binance allows you to use BNB and receive discounts for it. This isn't rocket science tho guys. Learn how to short, when to open bullish positions, and don't get destroyed by fees from the bigger sites
yes everyone not following the right Strategies for trading will be the most important thing for anyone to get lost but this is not only the problem for a trader to get lost and also he need the experience about the situation and how to handle it if he know that he will get profit at any time at any situation. 1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
Determining where Bitcoin will go hasn't been hard. Determining where Bitcoin will go from a neutral market...now that's a different animal. If you're bullish on a certain crypto always use a stop loss. Look for points of resistance and support, then set your stop losses accordingly. If you are trading and "scalping" your trades, you need to make sure you are paying little to no trading fees. Coinbase pro allows "makers" to pay $0 in fees (limit buy and sell orders). Nauticus is new and offers 99% discounts on all trades atm https://nauticus.exchange/exchange/NTSBTC . Binance allows you to use BNB and receive discounts for it. This isn't rocket science tho guys. Learn how to short, when to open bullish positions, and don't get destroyed by fees from the bigger sites
Lack of experience and too much greed, I would say these are the main reasons. They want too much in too short period of time and very often are blinded only by profit so they can't think rational. It's not easy way to get to the skilled and experienced trader and if you just make mistakes and learn nothing out of them it's better to quit trading. This is not job for everyone and only few become really successful and for that you have to be strong in the head.
not using Stopp loss is one of the main factors in failing when trading, this is often the case for traders, especially beginner traders, this must be avoided and this is one way that they should make it as an experience
Stop loss is really a must if you are a newbie but stop loss is not an option anymore when you are veteran trader. New people often not using the stop loss mechanism cause they think it is worth the expereince and they are entitled to commit trading mistakes.
I am not good at trading and i I do not like short term in trading it always lose. Now i prefer for long term and so far make good profit for me.
Trading is not for everyone because some people are trying to take short cuts on making money. So many reasons why they failed and hopefully they learned a lot from that mistakes. Newbies should be more reponsible and learn trading everyday. Holding for long term is always safe and good.Exactly my thought too... But if you tell them this, they feel you don't want them to earn too. Trading may not be easy at times and sometime it's the noobs that are starting out new, are the ones sometimes dragging the price of Bitcoin down.
Its okay too trade if they want to, but it's best they stay back and learn how it works first instead of jumping into it just to make money.
Trading is not for everyone because some people are trying to take short cuts on making money.
The problem is, trading was presented to them (newbies) like its as easy as picking apples, just buy low and sell high. Most are recruited to earn from a referral link.Holding for long term is always safe and good.
Problem with newbies in trading is they are not that patient yet in terms of investing. Some of them aims for a very high target and in teh end if they see the price is dropping they sell even at loss and buy another coin. if they just hodl long enough, they could have booked a profit. I am not good at trading and i I do not like short term in trading it always lose. Now i prefer for long term and so far make good profit for me.
Trading is not for everyone because some people are trying to take short cuts on making money. So many reasons why they failed and hopefully they learned a lot from that mistakes. Newbies should be more reponsible and learn trading everyday. Holding for long term is always safe and good.
Yes the mention. Was correct but we need to accept that we are not trading in a good way it will be the first point for everyone to give up they don't have experience properly and also we need to train ourself by investing again and again while we are also losing it just two things will more important for 888 to stay in this field.
Full time trading with crypto can be HARD! However, a lot of new traders fail due to two fundamental flaws.
1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
Determining where Bitcoin will go hasn't been hard. Determining where Bitcoin will go from a neutral market...now that's a different animal. If you're bullish on a certain crypto always use a stop loss. Look for points of resistance and support, then set your stop losses accordingly. If you are trading and "scalping" your trades, you need to make sure you are paying little to no trading fees. Coinbase pro allows "makers" to pay $0 in fees (limit buy and sell orders). Nauticus is new and offers 99% discounts on all trades atm https://nauticus.exchange/exchange/NTSBTC . Binance allows you to use BNB and receive discounts for it. This isn't rocket science tho guys. Learn how to short, when to open bullish positions, and don't get destroyed by fees from the bigger sites
This are good fundamentals but what about the aspects of not having a good fund to start up and trade, that alone will make them to Fail at the very Start. 1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
Determining where Bitcoin will go hasn't been hard. Determining where Bitcoin will go from a neutral market...now that's a different animal. If you're bullish on a certain crypto always use a stop loss. Look for points of resistance and support, then set your stop losses accordingly. If you are trading and "scalping" your trades, you need to make sure you are paying little to no trading fees. Coinbase pro allows "makers" to pay $0 in fees (limit buy and sell orders). Nauticus is new and offers 99% discounts on all trades atm https://nauticus.exchange/exchange/NTSBTC . Binance allows you to use BNB and receive discounts for it. This isn't rocket science tho guys. Learn how to short, when to open bullish positions, and don't get destroyed by fees from the bigger sites
I am not good at trading and i I do not like short term in trading it always lose. Now i prefer for long term and so far make good profit for me.
not using Stopp loss is one of the main factors in failing when trading, this is often the case for traders, especially beginner traders, this must be avoided and this is one way that they should make it as an experience
Stop loss is really a must if you are a newbie but stop loss is not an option anymore when you are veteran trader. New people often not using the stop loss mechanism cause they think it is worth the expereince and they are entitled to commit trading mistakes. 
New people never want to learn more about trading which is very important to them if they're going to improve their skills. Learning trading will never be easy, and it will not stop in one month only, but it will continue in your journey in trading.
So they really need to learn, never stop from learning about trading because that is the only one they can do to making a profit.
Besides that, when they got losses in one coin, they stop and desperate but they never search where is the mistake so they can fix the error and they can understand for the lesson.
So they really need to learn, never stop from learning about trading because that is the only one they can do to making a profit.
Besides that, when they got losses in one coin, they stop and desperate but they never search where is the mistake so they can fix the error and they can understand for the lesson.
Some shit happen always come to me went i was using Stop Lose, every goddamn my crypto hit the price i set for the stop lose. after that the price was backup again, i need to set it up correctly.
. We have the same complain bro. Its very annoying actually and sometimes i am wondering if the stop lose strategy is a good idea on this situation. by the way sorry Op but i don't agree on the thread title because for your information not just noobs always fail on trading .because in my view there are some pro here that mostly can't handle also the current situation of the market not just noobs. Lmao
Full time trading with crypto can be HARD! However, a lot of new traders fail due to two fundamental flaws.
1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
Determining where Bitcoin will go hasn't been hard. Determining where Bitcoin will go from a neutral market...now that's a different animal. If you're bullish on a certain crypto always use a stop loss. Look for points of resistance and support, then set your stop losses accordingly. If you are trading and "scalping" your trades, you need to make sure you are paying little to no trading fees. Coinbase pro allows "makers" to pay $0 in fees (limit buy and sell orders). Nauticus is new and offers 99% discounts on all trades atm https://nauticus.exchange/exchange/NTSBTC . Binance allows you to use BNB and receive discounts for it. This isn't rocket science tho guys. Learn how to short, when to open bullish positions, and don't get destroyed by fees from the bigger sites
1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
Determining where Bitcoin will go hasn't been hard. Determining where Bitcoin will go from a neutral market...now that's a different animal. If you're bullish on a certain crypto always use a stop loss. Look for points of resistance and support, then set your stop losses accordingly. If you are trading and "scalping" your trades, you need to make sure you are paying little to no trading fees. Coinbase pro allows "makers" to pay $0 in fees (limit buy and sell orders). Nauticus is new and offers 99% discounts on all trades atm https://nauticus.exchange/exchange/NTSBTC . Binance allows you to use BNB and receive discounts for it. This isn't rocket science tho guys. Learn how to short, when to open bullish positions, and don't get destroyed by fees from the bigger sites
well, not using stop loss is a tricky advice if you trade with leverage.
that may bring you a really painful day..
Full time trading with crypto can be HARD! However, a lot of new traders fail due to two fundamental flaws.
1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
Determining where Bitcoin will go hasn't been hard. Determining where Bitcoin will go from a neutral market...now that's a different animal. If you're bullish on a certain crypto always use a stop loss. Look for points of resistance and support, then set your stop losses accordingly. If you are trading and "scalping" your trades, you need to make sure you are paying little to no trading fees. Coinbase pro allows "makers" to pay $0 in fees (limit buy and sell orders). Nauticus is new and offers 99% discounts on all trades atm https://nauticus.exchange/exchange/NTSBTC . Binance allows you to use BNB and receive discounts for it. This isn't rocket science tho guys. Learn how to short, when to open bullish positions, and don't get destroyed by fees from the bigger sites
Funny enough, a lot of people still use their gut instinct to trade when all these tools and lots of analysis are out there for them to take advantage of and trade successfully. These rules they don’t follow are the major reason why a lot of them fails and they see professional traders and God to trade on their behalf when they can basically be a professional too by following trading rules.1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
Determining where Bitcoin will go hasn't been hard. Determining where Bitcoin will go from a neutral market...now that's a different animal. If you're bullish on a certain crypto always use a stop loss. Look for points of resistance and support, then set your stop losses accordingly. If you are trading and "scalping" your trades, you need to make sure you are paying little to no trading fees. Coinbase pro allows "makers" to pay $0 in fees (limit buy and sell orders). Nauticus is new and offers 99% discounts on all trades atm https://nauticus.exchange/exchange/NTSBTC . Binance allows you to use BNB and receive discounts for it. This isn't rocket science tho guys. Learn how to short, when to open bullish positions, and don't get destroyed by fees from the bigger sites
I know it is quite not easy for newbies in trading to understand these trading tools and indicators that is why it is important not to jump into trading till one gets the full knowledge right.
not using Stopp loss is one of the main factors in failing when trading, this is often the case for traders, especially beginner traders, this must be avoided and this is one way that they should make it as an experience
Not only this two but for many reasons, noobs cannot be successful in trade. Noobs have failed to trade on more reasons. Noobs are always thinking of gaining They think every trade will make their profit. Noobs are always greedy and that is why they are not successful at a trade. Noobs actually do not understand trade They do not want to understand what the trade really is. Noobs have no idea about the market price. That's why they lose trade. The price of cryptocurrency of noobs is also not included in the price. As a result, they always lose the trade.
LOL, I think noobs can walk their ways through to become a professional if they can change most of the things you mentioned here which are quite easy to do and also quit trading with emotion. You know these days, not only greed affects them but impatience, impatience to really acquire more knowledge about the trading before venturing into it, every noobs hear that they make money daily on crypto and then jump into it using real money to practice, thinking Trading platform or the market is one hell of a system that performs magic.Personally, I went through series of training on trading to the extent of learning how to control emotion which is very vital to trading; I had to even watch 3 mentors trade before I thought it was right time for me to start trading.
besides, some mistakes that are often made in trading are holding back for so long and not utilizing the situation when there is a price increase. besides, there are still many mistakes that are often made.
Stop losses it isn't just for noobs but also other greedy traders,
Not just the stop losses most of the new traders tend to fall in some hype coins they want to get an easy profit .
They fall for the FUD and FOMO.
Not just the stop losses most of the new traders tend to fall in some hype coins they want to get an easy profit .
They fall for the FUD and FOMO.
Some shit happen always come to me went i was using Stop Lose, every goddamn my crypto hit the price i set for the stop lose. after that the price was backup again, i need to set it up correctly.
. We have the same complain bro. Its very annoying actually and sometimes i am wondering if the stop lose strategy is a good idea on this situation. by the way sorry Op but i don't agree on the thread title because for your information not just noobs always fail on trading .because in my view there are some pro here that mostly can't handle also the current situation of the market not just noobs. Lmao
Actually, I don't think the people are noobs if they do not enter a new exchange just because they are offering free trading fees. Many exchanges are a scam but definitely, we can go for popular exchange events.
Not only this two but for many reasons, noobs cannot be successful in trade. Noobs have failed to trade on more reasons. Noobs are always thinking of gaining They think every trade will make their profit. Noobs are always greedy and that is why they are not successful at a trade. Noobs actually do not understand trade They do not want to understand what the trade really is. Noobs have no idea about the market price. That's why they lose trade. The price of cryptocurrency of noobs is also not included in the price. As a result, they always lose the trade.
Thank you.
Noobs don't have patiences, they didn't use their time properly to get more involved with those coins/assets that they are investing with, we haveThank you.
to free up our mindset each time we deal with this business, mistakes can't be avoided as the market is fluctuating back and forth without proper
understanding we will just fall to panic when the market go downwards.
Like what you have said, it should be remember that it's not all about money but it should also be taken as an investment to gain more knowledge
and edge for much better deal in your future trade.
Not only this two but for many reasons, noobs cannot be successful in trade. Noobs have failed to trade on more reasons. Noobs are always thinking of gaining They think every trade will make their profit. Noobs are always greedy and that is why they are not successful at a trade. Noobs actually do not understand trade They do not want to understand what the trade really is. Noobs have no idea about the market price. That's why they lose trade. The price of cryptocurrency of noobs is also not included in the price. As a result, they always lose the trade.
Thank you.
Thank you.
Some shit happen always come to me went i was using Stop Lose, every goddamn my crypto hit the price i set for the stop lose. after that the price was backup again, i need to set it up correctly.
. We have the same complain bro. Its very annoying actually and sometimes i am wondering if the stop lose strategy is a good idea on this situation. by the way sorry Op but i don't agree on the thread title because for your information not just noobs always fail on trading .because in my view there are some pro here that mostly can't handle also the current situation of the market not just noobs. Lmao
A lot of noobs don't consider security as well. They keep their funds on exchanges even when they are going for the long run. I wouldn't trust exchanges to keep all of my crypto earnings, I have seen too many articles about people losing their funds because of exchanges getting hacked or breached. Recently I came across BitWings and their smartphones. They have designed their phones specially for crypto people with security features like biometric scanning, neural technology and data encryption, and it also should be able to mine up to 2 ETH per month. Instead of keeping my funds on exchanges, I would suggest a secure device, like a separate PC that's not connected to the internet, cold storage wallet or the phones by Bitwings. Just my 0.02
Its a good points, and it need to be implemented, but when I started to learn about trading, the first lesson is to learn how to control your emotion, try to read the chart and follow the signal group for reference, always exchange in the big and reputable site, stop loss is one of the strategy that need to be learn, but for fee I don't think that is too important when you just start to trade, when you already good and want to trade big, then you need to compare the fee, but don't only look at the fee, always look for the exchanges reputation
Don't know when to stop, if money can be regulated so as feelings but beginners lack of it. There are many reasons why so many people fails at trading, one of the reasons are the join crowding effect remember yur actions shouldn't be based by the actions of others. It should be based on you since you are the one risking iyour own money. Join crowding seems good but actually it can lead to losses of money. Another thing the people who doesn't know when to stop are the most unluckiest person. In gaining crytpo currencies you should know when to stop alwasy limit your actions because your funds are limited too.
Traders mainly ask the opinion of other traders that have decent experience in this sector. A crowd looks for accumulation points where others put their order. This is called "bandwagon effect" and unsurprisingly it works like a charm. This is the key reason why fake breakouts happen so often and new traders fall to this trap for obvious reasons. Crypto trading is not different and the same rules are also actual in this market. Might be a noob reason to someone but I see it's way better for me that people experienced those.
Why? To try to prevent it in future actions.
Will not go technical as it requires long writing but Im willing to discussed it. It's just that Im trying to say here that majority of sh*t must be experienced by traders in order to be used to it. Anyhow they will improved as they progress.
Why? To try to prevent it in future actions.
Will not go technical as it requires long writing but Im willing to discussed it. It's just that Im trying to say here that majority of sh*t must be experienced by traders in order to be used to it. Anyhow they will improved as they progress.
Yes, every trader should experience those things in order to gain insights on how to do it right next time.
If they will not experience it first-hand, it is hard to explain what they need to do.
Better find their own strategies when such situation comes again.
Technical know-how is a good guide when you are in trading but most of the time it is your acquired skills or knowledge that will help you out in the situation particularly on those pumpndump coins or mn coins.
You don't need technical knowledge when you trade them. It is on what extent you know that coin, the development and their marketing plans.
Whatsoever the features might be, if the predictions about the market happens away in reality there'll be loss. Some overcome with alternate plans that were ready to get into the market, most being the plan of diversifying the assets. Even professionals fail, because cryptocurrency isn't same as other markets.
Don't know when to stop, if money can be regulated so as feelings but beginners lack of it. There are many reasons why so many people fails at trading, one of the reasons are the join crowding effect remember yur actions shouldn't be based by the actions of others. It should be based on you since you are the one risking iyour own money. Join crowding seems good but actually it can lead to losses of money. Another thing the people who doesn't know when to stop are the most unluckiest person. In gaining crytpo currencies you should know when to stop alwasy limit your actions because your funds are limited too.
Ofcourse all traders always loss also if they Buy altcoins at bid price but at its continue to dump up again that you had never expect to decrease again and again to it's hard to think either you gonna hold or sell.
Your post makes no sense to me. If you are going to put such idiotic shitposts all day then you should stop wearing a paid signature and learn proper English before resuming. 
Some of them are just brought by the people who hype some particular coins and we cannot blame them to enter in wrong position since as they are new they are prone for a huge fail and for sure on next following days on tradings they will be educated and learn to find some basic ways on how to trade correctly.
This can happen when you have some person giving you "advice" on how to buy and sell. They are typically getting fed with Bullshit propaganda by this "advisor" and pumping their shitcoin with their hard earned money so that the advisor can cash out in the meantime and the person is left bagholding some poopcoin. Nothing new in this market and its a very popular scam method to make money as well - but I do not like that and I advise people not to fall for such traps.
Those are the most basic mistakes. They often suffer losses when not using the stoploss command. It is an essential command for a professional trader.
Besides, they are impatient in investing. they are often scared when the price of the coin has just gone down 1-3%. then they often tend to sell it and wait for lower prices to buy. that's the worst strategy I've ever known and they often make mistakes at that point.
Besides, they are impatient in investing. they are often scared when the price of the coin has just gone down 1-3%. then they often tend to sell it and wait for lower prices to buy. that's the worst strategy I've ever known and they often make mistakes at that point.
Full time trading with crypto can be HARD! However, a lot of new traders fail due to two fundamental flaws.
1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
You may also add entering a position without the confirmation. A lot of noob traders, when the market gets dumped, they'll buy some without confirming a goos entry point. They forgot that the essence of indicators and other tools that helps a trader to be guided in their trades.1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
Some of them are just brought by the people who hype some particular coins and we cannot blame them to enter in wrong position since as they are new they are prone for a huge fail and for sure on next following days on tradings they will be educated and learn to find some basic ways on how to trade correctly.
Full time trading with crypto can be HARD! However, a lot of new traders fail due to two fundamental flaws.
1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
You may also add entering a position without the confirmation. A lot of noob traders, when the market gets dumped, they'll buy some without confirming a goos entry point. They forgot that the essence of indicators and other tools that helps a trader to be guided in their trades. 1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
Ofcourse all traders always loss also if they Buy altcoins at bid price but at its continue to dump up again that you had never expect to decrease again and again to it's hard to think either you gonna hold or sell.
I am destroyed by thay.
Going in an out and also the .12 fees from some of the big trading websites while there are some who just takes a little chip out of you.
Somehow they will learn that thru experience but it is also good if they read this first hand.
Other types of trading will somehow be hard to explain, they will need to be hands on. Learned from that hard path.
Going in an out and also the .12 fees from some of the big trading websites while there are some who just takes a little chip out of you.
Somehow they will learn that thru experience but it is also good if they read this first hand.
Other types of trading will somehow be hard to explain, they will need to be hands on. Learned from that hard path.
I think sometimes it is very important we allowed people to learn this market themselves because of the emotions they have to developed. Fear and greed is always the major reason why people lose money in cryptocurrencies market especially the newbies.
Don't know when to stop, if money can be regulated so as feelings but beginners lack of it. There are many reasons why so many people fails at trading, one of the reasons are the join crowding effect remember yur actions shouldn't be based by the actions of others. It should be based on you since you are the one risking iyour own money. Join crowding seems good but actually it can lead to losses of money. Another thing the people who doesn't know when to stop are the most unluckiest person. In gaining crytpo currencies you should know when to stop alwasy limit your actions because your funds are limited too.
Well, making losses while trading crypto currency is not only limited to noobs as you rightly said but even those who believe they are expats equally make losses while trading crypto currency. The volatility of the market is one of the major factor leading to such lost of trade.
Oh Jesus I hate these topics. They look like they are legit topics and the discussion seems so great but than it turns out its just advertisement. You think one of the reasons why noobs fail because they do not select your newly established and affiliate linked exchange that you would hopefully make a quick cent from the people who click on it.
No noobs fail because they don't any better and click your links thinking your exchange is any better than all other exchanges whereas all the professional traders are out there using bitmex or binance and not using yours.
If not using your exchange was an issue it wouldn't be a noob issue it would be all of crypto because its not even remotely close to the top dogs. Stop abusing noobs and trying to collect money from the affiliate links and actually start a discussion without any ads.
No noobs fail because they don't any better and click your links thinking your exchange is any better than all other exchanges whereas all the professional traders are out there using bitmex or binance and not using yours.
If not using your exchange was an issue it wouldn't be a noob issue it would be all of crypto because its not even remotely close to the top dogs. Stop abusing noobs and trying to collect money from the affiliate links and actually start a discussion without any ads.
Full time trading with crypto can be HARD! However, a lot of new traders fail due to two fundamental flaws.
1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
I don't think new traders will know about discounted trading platforms or functions and know about stop losses. Because I remember in my early time as a new trader, I am confused to place a buy and sell order and makes me place in a wrong buy price, and even it happens too with the selling price. And after I realize my mistake, I fix my trading and slowly, I can reach a profit which makes me happy to see my first profit.
I think soon, and the new traders will learn about what is their mistake and try to fix like what I did before. But that is only for traders who want to try to trade and want to learn more about trading. It's not easy to understand the function, but with learning, I believe someone can get benefits from his lesson.
I think the main reason is to leave everything to chance, or think it will go up because I think it will, or by the form of the graph take decisions, and the most prevalent reason is to have no idea or any basis for analysis, if at least read a good book, before going to the graph could have some idea of how it is that the Offer-Dema moves to make decisions, and educate yourself at least a little, it would be an investment of knowledge only of book reading, thus guaranteeing a criterion based on a recognized author.
These arent actually the reasons hence, noob traders shouldnt really rush up on day or short trading yet these are one of the most difficult way on making profit thru active trades.
Most technicals can learned along the way when you do trade and these stop losses are helpful depending on your risk reward ratio. Failure will always matter on emotion or on how you
do execute your trades.
Most technicals can learned along the way when you do trade and these stop losses are helpful depending on your risk reward ratio. Failure will always matter on emotion or on how you
do execute your trades.
Emotions and Risk Management.
Emotion control is not something I would expect from those who have entered the market to get rich in a day trading some shitcoin. Trust me majority of the rekt crew out there are doing this and getting even more rekt before they know it. Long term holders and sellers who dumped at pumps and rejoicing dumping on these bamboozled idiots.Risk management is again something that noobs wont know at all. If they did then they would not be wasting time on trading pennycoins but become a professional trader or a financial advisory.
Ofcourse all traders always loss also if they Buy altcoins at bid price but at its continue to dump up again that you had never expect to decrease again and again to it's hard to think either you gonna hold or sell.
Its not always important to cash out a profit. You can set a certain price for selling and then go to sleep if you bullish on that coin. 
Ofcourse all traders always loss also if they Buy altcoins at bid price but at its continue to dump up again that you had never expect to decrease again and again to it's hard to think either you gonna hold or sell.
Some shit happen always come to me went i was using Stop Lose, every goddamn my crypto hit the price i set for the stop lose. after that the price was backup again, i need to set it up correctly.
Thats the most annoying thing in the damn world hahaha; thats why I usually set mine a little lower than I am comfortable with; still though Nauticus not having this is a hassle and a half.
That's why trading called unpredictable market, actually even the expert one failed to analyze the actual graph in the platform.
Therefore, if they failed on it how much more the newbies, isn't right? So that most traders became a bullish to minimize their
loss of coins.
Full time trading with crypto can be HARD! However, a lot of new traders fail due to two fundamental flaws.
1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
Determining where Bitcoin will go hasn't been hard. Determining where Bitcoin will go from a neutral market...now that's a different animal. If you're bullish on a certain crypto always use a stop loss. Look for points of resistance and support, then set your stop losses accordingly. If you are trading and "scalping" your trades, you need to make sure you are paying little to no trading fees. Coinbase pro allows "makers" to pay $0 in fees (limit buy and sell orders). Nauticus is new and offers 99% discounts on all trades atm https://nauticus.exchange/exchange/NTSBTC . Binance allows you to use BNB and receive discounts for it. This isn't rocket science tho guys. Learn how to short, when to open bullish positions, and don't get destroyed by fees from the bigger sites
1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
Determining where Bitcoin will go hasn't been hard. Determining where Bitcoin will go from a neutral market...now that's a different animal. If you're bullish on a certain crypto always use a stop loss. Look for points of resistance and support, then set your stop losses accordingly. If you are trading and "scalping" your trades, you need to make sure you are paying little to no trading fees. Coinbase pro allows "makers" to pay $0 in fees (limit buy and sell orders). Nauticus is new and offers 99% discounts on all trades atm https://nauticus.exchange/exchange/NTSBTC . Binance allows you to use BNB and receive discounts for it. This isn't rocket science tho guys. Learn how to short, when to open bullish positions, and don't get destroyed by fees from the bigger sites
Emotions and Risk Management.
I disagree with both of yours
You forget to mention the fact that technical analysis is useless in crypto markets are that mathematical tools are not designed for bitcoin or other alternative cryptocurrencies.
There are divided opinions regarding this. All the market studies are based on some speculation concepts. They are not wrong but they run theoretically and practically. But traders know that every point of TA would not be true from start to end. There will be fluctuations and it is more of a possible prediction of a trend. Do not depend totally on TA because its always 50-50 chance.Quote
What about explaining the idea about stop loss which doesn't work properly under volatile market conditions.. I am sure majority of traders have no idea how to hedge trades under volatile market moves caused by sudden news.
Where exactly would you hedge your funds? Unless you have access to a large volume of liquid cash for cashing out crypto and holding fiat or precious metals or bonds you have no method to hedge your money here. Also do not trust any third party site functioning as a hedge fund. Full time trading with crypto can be HARD! However, a lot of new traders fail due to two fundamental flaws.
1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
Determining where Bitcoin will go hasn't been hard. Determining where Bitcoin will go from a neutral market...now that's a different animal. If you're bullish on a certain crypto always use a stop loss. Look for points of resistance and support, then set your stop losses accordingly. If you are trading and "scalping" your trades, you need to make sure you are paying little to no trading fees. Coinbase pro allows "makers" to pay $0 in fees (limit buy and sell orders). Nauticus is new and offers 99% discounts on all trades atm https://nauticus.exchange/exchange/NTSBTC . Binance allows you to use BNB and receive discounts for it. This isn't rocket science tho guys. Learn how to short, when to open bullish positions, and don't get destroyed by fees from the bigger sites
You forget to mention the fact that technical analysis is useless in crypto markets are that mathematical tools are not designed for bitcoin or other alternative cryptocurrencies. What about explaining the idea about stop loss which doesn't work properly under volatile market conditions.. I am sure majority of traders have no idea how to hedge trades under volatile market moves caused by sudden news. 1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
Determining where Bitcoin will go hasn't been hard. Determining where Bitcoin will go from a neutral market...now that's a different animal. If you're bullish on a certain crypto always use a stop loss. Look for points of resistance and support, then set your stop losses accordingly. If you are trading and "scalping" your trades, you need to make sure you are paying little to no trading fees. Coinbase pro allows "makers" to pay $0 in fees (limit buy and sell orders). Nauticus is new and offers 99% discounts on all trades atm https://nauticus.exchange/exchange/NTSBTC . Binance allows you to use BNB and receive discounts for it. This isn't rocket science tho guys. Learn how to short, when to open bullish positions, and don't get destroyed by fees from the bigger sites
I think that both of the reasons you mentioned are actually reaching the same result because if the detail is given the first reason, the description will be bound to the second reason. On the other hand, I think that these elements are very accurate, and many people often fail because of these features and features. It is a fact that every trader who does not know how to use stop loss will not be one step further than amateur.
beginner traders often have a hard time understanding how the market works and a lot of them so emotional and want to make money asap. It's a big mistake I guess.
Its a big mistake for them to step into trading without doing any research. I have seen people talk about being experts in trading when they dont even understand how market indicators work. These kids think they can get rich in one or two days of watching the market and taking the pump and dumps while they dont understand what is going on deep down.The whales will be the ones who will feed when these people panic sell or panic buy. Then these idiots will be the same people calling crypto a scam and going away.
I do hear even professional traders also getting failed time to time because market volatile is highly unpredictable for most of the traders regardless of how experienced they are. I mean to say any trader may fail but what is their overall results when considering at the week-end or month-end that alone will be the right measurement for analyzing the performance to classify whether they are noob traders or not.
yeah even experts sometimes making mistakes because no one is perfect especially on this kind of market which is very unpredictable and so volatile. I believe it's about strategy and knowledge in order to become successful. but unfortunately doing mistakes always happened without knowing especially if you're greedy and very emotional in any situation that always occur. Those reasons can affect anyone,whether newbie or veteran,no one is free from trading flaws, we've all made one mistake or the other at one point and it could be down to many reasons other than this two you mentioned.
Most newbies hardly enable stop loss, so I doubt it's a cause of loss for them,probably their biggest flaw is lack of basic and proper understanding of trading and not taking out time to learn trading requirements before they delve into it
They aren't controlling their emotions and might don't have enough knowledge of what their doing. Most newbies hardly enable stop loss, so I doubt it's a cause of loss for them,probably their biggest flaw is lack of basic and proper understanding of trading and not taking out time to learn trading requirements before they delve into it
We all are subjects for failures but we can minimize it into the highest level if we do it patiently and never get rush into trading. Noobs have a lot of thing to learn and they actually made up hardly.
Cant control 3 types of emotions:
1. Fear
2. Greed
3. Hope
This summarize it all without advertising anything. 1. Fear
2. Greed
3. Hope
There is no noob newbies, because they are just newbies and its normal for them to lose, noobs are those who knows what to do and yet chooses the wrong way. In trading your emotion is very important, you can use it to save you from losing and use it to gain more profit.
Those reasons can affect anyone,whether newbie or veteran,no one is free from trading flaws, we've all made one mistake or the other at one point and it could be down to many reasons other than this two you mentioned.
Most newbies hardly enable stop loss, so I doubt it's a cause of loss for them,probably their biggest flaw is lack of basic and proper understanding of trading and not taking out time to learn trading requirements before they delve into it
Most newbies hardly enable stop loss, so I doubt it's a cause of loss for them,probably their biggest flaw is lack of basic and proper understanding of trading and not taking out time to learn trading requirements before they delve into it
lol, neither of those reasons even make sense to a newbie. the only reason why they fail is because they have no idea what they are doing and also a great percentage of them are actually following some bullshit on the internet which usually comes from some pump and dumper who wants to dump on their head.
also stop advertising your website like this. all you are doing is that you are making it look bad, in other words right now you look so desperate for some customer that you have to spam your link everywhere inside nonsensical topics like this.
also stop advertising your website like this. all you are doing is that you are making it look bad, in other words right now you look so desperate for some customer that you have to spam your link everywhere inside nonsensical topics like this.
beginner traders often have a hard time understanding how the market works and a lot of them so emotional and want to make money asap. It's a big mistake I guess.
This topic is seeming like a well-designed for the purpose of promoting some exchanges and not intended for actual discussion on what and why noob traders are failing in trading.
Unlike what OP is stating, the fees for trading in most exchange is always negligible hence we never need to look for any discounts. At least this way I am trading in cryptos for last 3 to 4 years. Moreover, major exchanges are providing discounts based on trading volume hence for both low and high level traders fee is not at all a concern.
Unlike what OP is stating, the fees for trading in most exchange is always negligible hence we never need to look for any discounts. At least this way I am trading in cryptos for last 3 to 4 years. Moreover, major exchanges are providing discounts based on trading volume hence for both low and high level traders fee is not at all a concern.
Nauticus is new and offers 99% discounts on all trades atm https://nauticus.exchange/exchange/NTSBTC .
I believe the main reason you created this thread is to promote these exchange and I wonder why you are trying so hard to promote these exchanges? Are you the owner of the exchange? Are you part of the exchange team?
Registrant Organization: WhoisGuard, Inc.
Registrant Street: REDACTED FOR PRIVACY
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Registrant State/Province: Panama
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Registrant Country: PA
http://whois.domaintools.com/nauticus.exchange
1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
-The discount on the trading platform actually has no impact in this case, how can fees affect your trading profit? maybe it can happen if you only use 10 $ for trading
- Stop losses is only a feature using this one if you're not ready to fall deeper
Cant control 3 types of emotions:
1. Fear
2. Greed
3. Hope
1. Fear
2. Greed
3. Hope
The biggest reason why some people failed in the trading is they can't controlled their emotion especially if the market are down. If you can't handle your emotion do not invest in any cryptocurrencies because you can't huge income if you can manage or handle your emotion.
Cant control 3 types of emotions:
1. Fear
2. Greed
3. Hope
1. Fear
2. Greed
3. Hope
I think most day traders fail for one main reason: they are too eager to trade EVERY day. They forget that they are not obligated to trade every single day like institutional traders and they can stop, think and rest.
Others are standard reasons like FOMO, bad money management, etc. I count not taking trading fee discounts as bad money management...
Lack of patient and emotions will simply contributes huge failures to any of us. We are sometimes like that especially when we are out of focus and we didn't realize that we are losing instead of making profits. Others are standard reasons like FOMO, bad money management, etc. I count not taking trading fee discounts as bad money management...
We even speculate more but the market aren't get in favor to us, we even easily to give because they fails of what we expected to happen and sell our coins in cheap price. It absolutely, we are not doing anything to help our funds to grow but to end up early.
Full time trading with crypto can be HARD! However, a lot of new traders fail due to two fundamental flaws.
1 - Not utilizing discounted trading platforms or functions
Nauticus is new and offers 99% discounts on all trades atm https://nauticus.exchange/exchange/NTSBTC
1 - Not utilizing discounted trading platforms or functions
Nauticus is new and offers 99% discounts on all trades atm https://nauticus.exchange/exchange/NTSBTC
LOL, nice way to advertised your exchange here,
Anyways, noobs fail at trading because they're simply noobs. They really need to get more experienced and you will on acquire it if you have been in the system in the long run. I don't mind making mistakes as a beginner so that I will learn a lot. The problem with noobs is that it seems they don't learn from their past mistakes and keep repeating it until they're burn out, just saying.
I do hear even professional traders also getting failed time to time because market volatile is highly unpredictable for most of the traders regardless of how experienced they are. I mean to say any trader may fail but what is their overall results when considering at the week-end or month-end that alone will be the right measurement for analyzing the performance to classify whether they are noob traders or not.
How often you are failing or how effectively you are minimizing your losses are the key whether you are a noob or professional trader. The two points mentioned by OP are insignificant as even professional traders too may not mind them. Trading fees are insignificant factor for choosing your exchange and stoploss is not at needed when you trade a reputed coins.For the case of long term bitcoin trading, I do not need to depend on any exchange also I never worry about stoploss even currently I am holding my bitcoins without booking profits from $19k to $3.5k because I bought my bitcoins around $500 levels in 2016. You may call me noob for missing out x30 profits or at least x10 of profits when bitcoin was trading around $6k levels for long time but I am sure I never need to sell bitcoins as I may going to use them for the values in millions in my corner shop.
I think most day traders fail for one main reason: they are too eager to trade EVERY day. They forget that they are not obligated to trade every single day like institutional traders and they can stop, think and rest.
Others are standard reasons like FOMO, bad money management, etc. I count not taking trading fee discounts as bad money management...
Others are standard reasons like FOMO, bad money management, etc. I count not taking trading fee discounts as bad money management...
Might be a noob reason to someone but I see it's way better for me that people experienced those.
Why? To try to prevent it in future actions.
Will not go technical as it requires long writing but Im willing to discussed it. It's just that Im trying to say here that majority of sh*t must be experienced by traders in order to be used to it. Anyhow they will improved as they progress.
Why? To try to prevent it in future actions.
Will not go technical as it requires long writing but Im willing to discussed it. It's just that Im trying to say here that majority of sh*t must be experienced by traders in order to be used to it. Anyhow they will improved as they progress.
I do hear even professional traders also getting failed time to time because market volatile is highly unpredictable for most of the traders regardless of how experienced they are. I mean to say any trader may fail but what is their overall results when considering at the week-end or month-end that alone will be the right measurement for analyzing the performance to classify whether they are noob traders or not.
Some shit happen always come to me went i was using Stop Lose, every goddamn my crypto hit the price i set for the stop lose. after that the price was backup again, i need to set it up correctly.
Thats the most annoying thing in the damn world hahaha; thats why I usually set mine a little lower than I am comfortable with; still though Nauticus not having this is a hassle and a half.
Some shit happen always come to me went i was using Stop Lose, every goddamn my crypto hit the price i set for the stop lose. after that the price was backup again, i need to set it up correctly.
Full time trading with crypto can be HARD! However, a lot of new traders fail due to two fundamental flaws.
1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
Determining where Bitcoin will go hasn't been hard. Determining where Bitcoin will go from a neutral market...now that's a different animal. If you're bullish on a certain crypto always use a stop loss. Look for points of resistance and support, then set your stop losses accordingly. If you are trading and "scalping" your trades, you need to make sure you are paying little to no trading fees. Coinbase pro allows "makers" to pay $0 in fees (limit buy and sell orders). Nauticus is new and offers 99% discounts on all trades atm https://nauticus.exchange/exchange/NTSBTC . Binance allows you to use BNB and receive discounts for it. This isn't rocket science tho guys. Learn how to short, when to open bullish positions, and don't get destroyed by fees from the bigger sites
1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
Determining where Bitcoin will go hasn't been hard. Determining where Bitcoin will go from a neutral market...now that's a different animal. If you're bullish on a certain crypto always use a stop loss. Look for points of resistance and support, then set your stop losses accordingly. If you are trading and "scalping" your trades, you need to make sure you are paying little to no trading fees. Coinbase pro allows "makers" to pay $0 in fees (limit buy and sell orders). Nauticus is new and offers 99% discounts on all trades atm https://nauticus.exchange/exchange/NTSBTC . Binance allows you to use BNB and receive discounts for it. This isn't rocket science tho guys. Learn how to short, when to open bullish positions, and don't get destroyed by fees from the bigger sites
Forgetting stop losses has totally screwed me multiple times. Nauticus really needs to put all those features on their website. I heard theyre coming though.
Full time trading with crypto can be HARD! However, a lot of new traders fail due to two fundamental flaws.
1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
Determining where Bitcoin will go hasn't been hard. Determining where Bitcoin will go from a neutral market...now that's a different animal. If you're bullish on a certain crypto always use a stop loss. Look for points of resistance and support, then set your stop losses accordingly. If you are trading and "scalping" your trades, you need to make sure you are paying little to no trading fees. Coinbase pro allows "makers" to pay $0 in fees (limit buy and sell orders). Nauticus is new and offers 99% discounts on all trades atm https://nauticus.exchange/exchange/NTSBTC . Binance allows you to use BNB and receive discounts for it. This isn't rocket science tho guys. Learn how to short, when to open bullish positions, and don't get destroyed by fees from the bigger sites
1 - Not utilizing discounted trading platforms or functions
2 - Not utilizing stop losses (or setting stop losses in the wrong spots)
Determining where Bitcoin will go hasn't been hard. Determining where Bitcoin will go from a neutral market...now that's a different animal. If you're bullish on a certain crypto always use a stop loss. Look for points of resistance and support, then set your stop losses accordingly. If you are trading and "scalping" your trades, you need to make sure you are paying little to no trading fees. Coinbase pro allows "makers" to pay $0 in fees (limit buy and sell orders). Nauticus is new and offers 99% discounts on all trades atm https://nauticus.exchange/exchange/NTSBTC . Binance allows you to use BNB and receive discounts for it. This isn't rocket science tho guys. Learn how to short, when to open bullish positions, and don't get destroyed by fees from the bigger sites
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