Avoid trading unless you are sure of what you do - page 11.

tokoorochan

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Quote from: stadus on January 18, 2019, 09:08:09 PM

Quote from: Aris novianto on January 18, 2019, 08:40:52 PM

avoiding trading is indeed a good choice, at this time I have not dared to trade, now do not start trading because the price of all coins in the trading market is declining, if you trade now you will definitely suffer losses

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You always have to think wisely as it's your money at risk.
When you are not ready then you should not force yourself, timing is everything and it's very important also to consider the market situation.
Trading in bear period often lead to loses as price will most likely go down further, bear than in mind.

dont ever feel late when we want to investing in cryptocurrency market.better to prepare and developt our skill in trading before we start put our money.miss moment better than we loss our money.

adzino

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Quote from: Coinifyx on November 07, 2018, 07:13:57 AM

Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something

This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop

Please stop comparing trading with gambling. Those are two different thing. Gambling is pure luck. There is a reason games that are called "game of chances" are considered gambling. You can't control the outcome in gambling. It totally depends on your luck. You either win or lose everything. But, that is not the case of trading. In trading, you can control the outcome through your actions. You don't lose everything (not talking about inexperienced users). Skills are also involved in case of gambling.

Goodvalony

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Nice suggestion. it happens to me always but i have learn to stay away from greedy trading. a trading without any plan. i use to trade whenever i felt like there is a movement in the market. some times i followed My mind without proper analysis and most times i ended up loosing my money.

stadus

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Quote from: Aris novianto on January 18, 2019, 08:40:52 PM

avoiding trading is indeed a good choice, at this time I have not dared to trade, now do not start trading because the price of all coins in the trading market is declining, if you trade now you will definitely suffer losses

You always have to think wisely as it's your money at risk.
When you are not ready then you should not force yourself, timing is everything and it's very important also to consider the market situation.
Trading in bear period often lead to loses as price will most likely go down further, bear than in mind.

juragane

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Quote from: Coinifyx on November 07, 2018, 07:13:57 AM

Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something

This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop

if you don't feel confident, then don't do it, but our beliefs are also influenced by several factors, namely the global economy is in good condition and whether major state policies support crypto currencies and whether crypto demand on the money market increases, this can make our beliefs high,
but if all aspects of the world economy and multi-national business actors do not show support for crypto,
our beliefs can be lost. so the influence of the business world globally can be our benchmark in trading.

Aris novianto

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avoiding trading is indeed a good choice, at this time I have not dared to trade, now do not start trading because the price of all coins in the trading market is declining, if you trade now you will definitely suffer losses

iMark

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Quote from: Kahoy01 on January 18, 2019, 11:33:41 AM

Quote from: Coinifyx on November 07, 2018, 07:13:57 AM

Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something

This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop

Trading is not gambling that needs pure luck, in trading of cryptocurrencies you should consider skills. You cannot earn profit in trading if you do not have technical analysis skills and also trading skills. The reason why many people losing their money in trading is because they making investment even they do not have enough trading skills.

That's right dude, you also can't rely on signals from other traders to trade, all you need to have is skills, knowledge, experience
and strategy. without it, it is better not to enter in the trade,because you will just lose your money

Aivaryamal

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Yes, trading is addictive and really something similar with sports betting and therefore requires cold and deliberate decisions

apityeh71

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We not need to avoid trading, but we have to learn it first before to do. There are a lot of trader out there that has successfully and make a lot of money because they learn about trading plan first. A lot of my friends changed their life from crypto trading and although many trader loss now but that not mean they will also get loss again later.

Nasty23

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Quote from: Kahoy01 on January 18, 2019, 11:33:41 AM

Quote from: Coinifyx on November 07, 2018, 07:13:57 AM

Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something

This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop

Trading is not gambling that needs pure luck, in trading of cryptocurrencies you should consider skills. You cannot earn profit in trading if you do not have technical analysis skills and also trading skills. The reason why many people losing their money in trading is because they making investment even they do not have enough trading skills.

I agree, trading is not a gambling because different strategies and skills in trading would help you to earn a profit and minimize it's risk. If you have a proper knowledge about trading different cryptocurrency you would not have to worry about the luck because you have an ability to overcome those losses and converting it to gaining a profit by using your own skills and abilities in trading cryptocurrency.

semobo

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Quote from: jonaire99 on January 18, 2019, 06:34:16 AM

Every newbie need to equip himself with proper knowledge on trading like technical and fundamental analisys before doing it in actual trade. Even the experienced traders still loses some trades ocassionally, newbies should always prepare whatever the result of their trades. Good traders continue to improve their skills even they had already years of experience in trading.

but they also need to have enough capital to survive the market until the learning process complete for some people it will be very quick but the normal people who are just entered into the crypto market will take much time so just only invest very small amount and learn the crypto trading then only invest more money to start your crypto trading and make profits with it.

Kahoy01

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Quote from: Coinifyx on November 07, 2018, 07:13:57 AM

Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something

This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop

Trading is not gambling that needs pure luck, in trading of cryptocurrencies you should consider skills. You cannot earn profit in trading if you do not have technical analysis skills and also trading skills. The reason why many people losing their money in trading is because they making investment even they do not have enough trading skills.

Dondont

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Quote from: Coinifyx on November 07, 2018, 07:13:57 AM

Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something

This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop

in fact, it also differed in views for some people, when a bearish market might start many people stay away from trading at that time, but also it can be used by several other people to get at the lowest price even though not all coins succeed. I am sure only 80% of people know the purpose of their trading at the time, but the market cannot be predicted so we cannot blame it personally

Dudeperfect

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If a person has calculated risk analysis before putting money into the crypto market, it is called trading but if the person is just blindly throwing money into the market with foolish expectations then it is none other than gambling. Like it is always recommended to newbies, don't invest more than your loss-bearing capacity and start doing on research instead of blindly relying on others opinion or tips. Even a mistake is not a mistake in initial days and trading at lower levels helps to gain experience that helps later to the trader.

bitbunnny

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That is the first condition for everything, not just trading. Be aware of what are you doing and the possible consequences.
The big mistake many people make is that they think trading is easy job that will make them rich over night and they don't need any kind of knowledge for that, only some luck. Of course that is not true and very soon they get disappointed and quit trading. So it's very important to understand the market, how it's functioning and what are the rules. Good and dedicated traders are aware they need to learn all the time and market could still surprise them. Also, you should be aware that losses are always possible.

jonaire99

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Every newbie need to equip himself with proper knowledge on trading like technical and fundamental analisys before doing it in actual trade. Even the experienced traders still loses some trades ocassionally, newbies should always prepare whatever the result of their trades. Good traders continue to improve their skills even they had already years of experience in trading.

yvesp110

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Quote from: cryptocointrade.com on January 14, 2019, 08:46:54 AM

Quote from: Coinifyx on November 07, 2018, 07:13:57 AM

Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something

This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop

I think it was good that you managed to quit

According to me you did not do well because we are really hopeful market will rise very soon so that time holding will be a good option. It’s really good to know what actually trading is because there are so many meanings of it. Try to polish your trading skills with help of careful experiments but not to quit in any situation.

emmybd

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It is true that without getting sufficient knowledge and experience one shouldn't actively do trading, as it wouldn't be profitable, you have to suffer losses. So, at first, one should concentrate on gaining information and knowledge and then do trading.

Forbiddenone

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It is common to have losses and there will a time in trade where your losses will big , of course you can't just always has profit.but I think many trader are thinking in Fiat value rather than increase their btc which is short shighted,btc value will be big in coming years so it is prefer to increase quantity rather taking fiat profit.

hahay

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Only with sure, in my opinion is still not enough for you to make a profit, experience and knowledge are the most important and then let luck find results for you, because you equate trade with gambling, while gambling is pure luck. If you have had previous experience whether it's good or bad, at least you can make the experience a lesson so that you will be better someday.

Topic: Avoid trading unless you are sure of what you do - page 11. (Read 23297 times)