Avoid trading unless you are sure of what you do - page 9.

pawanjain

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Nothing lasts forever

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

LOL

Looks like you have had some really bad experiences Grin

like me

Let me guess, every time you bought any coin the price went down ? Every time you sold a coin the price went up ?
Things like these keep happening in crypto and you are not the only one. There are many others travelling in the same boat which is going to sink. Grin

We should learn from the mistakes and try not to repeat it. Thus we tend to learn new things and this improves our chances of earning more profits the next time.

GreatOrchid

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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

We don't really have profits each time.Growing up from the mistakes is what mankind is made for. We should learn for the failures we face so that we always try our best in the next chance. When i started into crypto trading, i had some bigger looses but i did not stop over there and tried to learn a lot more things from the markets. Sometimes the bear markets taught me a lot things so i can now take a correct decision to invest into.

globalpain

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The OGz Club

Stop trading will not solve anything if we want to stay maximal in all situations, especially for active traders. learning from market fundamentals is the solution and indeed if the trend is very bad and you don't want to face the risk, just stop for a few days so we don't miss any successive updates and it's a pity to miss. stop also do not need to linger so that our thoughts and analysis are not cold.

Bind

sr. member

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You title is correct. You should always avoid trading untill you really are sure about it.

KnightElite

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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

You should only invest the money on trading that you can afford to lose. You should not expect too much in trading because losses are inevitable. Yes it is addictive and that's why we should have self control before making investment in trading.

cryptorima

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Actually you are right in my opinion. Cause without proper knowledge we can't get much benefits from crypto trading. At first we need to learn it from basic to advance level before start trading.

Finestream

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Quote from: marcbitcoins on January 28, 2019, 07:41:58 PM

Actually, everyone is uncertain regarding the future of their investments specially in trading due to volatility of the market in which the price become more unpredictable therefore even if you know of what you are doing but still the chances of losing your money is high. To minimize lose specially in this bearish market then i suggest to invest only what you can afford to lose until the market will become bullish again.

I agree.It's very important to know the most important things in trading before engaging in it but sometimes we cannot expect positive results especially when the market changes its price suddenly due to its high volatility.That is why trading is full of risks but if you think you are ready to take that risks,then trading fits for you.Just keep your patience and learn to invest first even in a small amount you can afford to lose.

hen cet

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Quote from: marcbitcoins on January 28, 2019, 07:41:58 PM

Actually, everyone is uncertain regarding the future of their investments specially in trading due to volatility of the market in which the price become more unpredictable therefore even if you know of what you are doing but still the chances of losing your money is high. To minimize lose specially in this bearish market then i suggest to invest only what you can afford to lose until the market will become bullish again.

Trading is speculation in business based on mature observations and calculations, therefore buying or selling must be profit-oriented.
Although in reality there are many failures in the analysis where it is estimated that the price increase actually falls, or vice versa. So, you must be sure that the decisions taken will be useful.

Cherylstar86

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Quote from: MURONDI on January 29, 2019, 02:30:43 AM

Quote from: heninur on January 20, 2019, 03:29:15 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

right, if you feel you don't have the ability to trade, then avoid it. because even though we still force it to trade, only the losses we will get.
almost everyone has experienced a bad experience of trading, including I have also lost money because of trade, and until now I have never traded again.

not all people are good at trading, but if you don't have the ability to analyze the market there are still other ways you can still trade, for example, following a signal that is trusted.

Trading is not an easy game. It takes bravery, toughness, and determination. It requires discipline, focus, and passion. Before engaging into the world of trading, it's very important that we assess ourselves first of what our capabilities are and to build a strong foundation of knowledge to be well-educated about its functionalities. On the other hand, don't force yourself to be a trader just because others used to engage into it, it has to be something that you love doing and where your full interests are in it.

MURONDI

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Quote from: heninur on January 20, 2019, 03:29:15 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

right, if you feel you don't have the ability to trade, then avoid it. because even though we still force it to trade, only the losses we will get.
almost everyone has experienced a bad experience of trading, including I have also lost money because of trade, and until now I have never traded again.

not all people are good at trading, but if you don't have the ability to analyze the market there are still other ways you can still trade, for example, following a signal that is trusted.

sclmte

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Activity: 434

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Right, while you trading you have to watch it all the time, be careful to avoid losing. and you must be sure to fix it properly because it's for me to make it one of the hardest to do because it all depends on your profits so you need to be sure of what you have done and before you start making sure you only have one focus on your attention and do not do another job. and be sure to do everything.

marcbitcoins

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Actually, everyone is uncertain regarding the future of their investments specially in trading due to volatility of the market in which the price become more unpredictable therefore even if you know of what you are doing but still the chances of losing your money is high. To minimize lose specially in this bearish market then i suggest to invest only what you can afford to lose until the market will become bullish again.

Caladonian

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Quote from: Oilacris on January 22, 2019, 08:48:26 PM

In all sorts of things if you don't know on what to do then its better not to proceed because you would just really waste up your time/effort and money.
Same goes with trading which is very risky if you don't know on what you are doing. Better to study and research first before doing anything.

Applying it to any events that you will going to take in your life, without proper experience and broad ideas about this matter it's better to not to proceed, treat the market as a big ocean where you are not sure what will be inside of, sharks and whales are always been a threat to your life so better to be well prepared and knows where to place yourself to avoid being eaten alive.

In every aspect of life, knowing your capabilities and potential growth is very important, same principle inside trading if you see that you can handle the risk and you easily adopt things which is needed to cope up and you have the guts to handle the risk of losing money, sometimes people who have the courage are the big successors always up to you and how will you manage to conquer your dreams.

BeGoods

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Quote from: heninur on January 20, 2019, 03:29:15 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

right, if you feel you don't have the ability to trade, then avoid it. because even though we still force it to trade, only the losses we will get.
almost everyone has experienced a bad experience of trading, including I have also lost money because of trade, and until now I have never traded again.

Yeah because trade is not gambling that only relies on luck. need extensive skills and knowledge. without that the trade will only make you lose. what is he say is right if you are not prepared for all the requirements then do not trade.

Oilacris

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In all sorts of things if you don't know on what to do then its better not to proceed because you would just really waste up your time/effort and money.
Same goes with trading which is very risky if you don't know on what you are doing. Better to study and research first before doing anything.

Andyoung

newbie

Activity: 237

Merit: 0

Trading to me is seasonal. There are time when trading seems to be the perfect options to make high chunk of profit (in flunctuating market) and times when trading is the surest way to poverty. Being an expert doesn't always count, but knowing the best time to enter and exit the Market is important as well as removing Greediness from oneself. No matter your expertise, a greedy trader cannot Excel trading in a bear market be because he/she will just be like a swinging pendulum moving to (profit) and fro (loss)

enawati

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https://adonx.one

Trading offer high profit and that mean the risk also high but that no reason to avoid it, because trading is not gambling and we can reduce the risk. Many trader already successfully and they make alot of money, and some newbie trader has been loss but there are others opportunity to make profit. Just keep learning and later we will make good income from trading.

Kimi80

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Exactly. A person should know basic things and methodology of trading for being successful and off course, experience that you gain through the process itself is more than necessary.
And I haven't heard many people that have same attitude as you. Mostly are complaining about bad experiences in trading and are looking for solution of that problem, not willing to give up. Since we all are different we should act so too. Maybe this area doesn't suits you and best way is to quit forcing it. I totally support you here cause I am the same guy. If it doesn't work the way I thought it will, with all the corrections and all the adds that I made, I will quit it and move to something else.

tmfp

legendary

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"Common rogue from Russia with a bare ass."

FOMO inspired overtrading is a common mistake, especially with new traders/speculators who set themselves profit targets.
Never forget: there's always another trade.

gabmen

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Quote from: ipanks on January 22, 2019, 02:57:33 AM

Usually, if the market is in the downtrend, I will watch closely to find which coins that can increase in the next days and sometimes, I can get a clue by watching the chart, the order history and the position of buying and selling. But in the other time, I was only watching without making any buy order because I need to be sure if I want to buy the coin. So I need more time to analyze the coin to decide.

Well obviously dude you know what you're doing. It's just that there are people who see trading as a simple buy low sell high venture. That's true in a way but it's a lot more than that. Like you, one would have to know the fundametals and not just blindly selecting random coins while they seem to be down. People lose money that way.

Topic: Avoid trading unless you are sure of what you do - page 9. (Read 23297 times)