Topic: Can I Recover my loss of crypto on this platform? - page 2. (Read 490 times)

Learn, Research, Apply.

I guess these 3 alone is enough for you to learn trading already. Now with your question, there are no ways to trade securely, and profitably with 100% win rate because even experts can't achieve that one. We are in a market where everything is unpredictable, and even those who are experts in Technical Analysis can't even predict the market with a high accuracy rate. Also take note that trading is for everyone, but not everyone can make profit thru trading. There will always be losers, and it happens that you're one of them. Try to learn, and research. You lost many times already? I guess you need to take a break first, make a decision whether you want to continue or not.

Rules and regulations? None. Just learn how to trade, and that's all.

Sometimes, letting go of your losses is the best way to move on. There are some traders out there who can't recover from their losses, try to trade more, and now they are losing more money. I'm not saying that it will happen to you as well, but also take note that sometimes stopping is the best way to go. Anyway, if you want knowledge, there are many sources online that can help you. It helped me a bit, and got some profit thru these resources online though I'm still not successful in trading, and still experiencing losses.

There’s no such thing as guaranteed profits when it comes to trading or even investing. Everything comes with risk of losing, so if you can’t manage the risk well and perform less, there’s always chances that you will lose more of your capital. However, if you try to be more worthy and decent trader this time and take learning trading more seriously and with bigger faith, then probably you will regain some of your losses in your previous trades. Trading is hard and complicated and so you need to exert a lot of effort to make it work and successful.

It is so important as you have mentioned strategy in your comments. So many traders and including some who call themselves professional traders do not know the importance of strategy.
Having a trading strategy does not mean that it will be so technical and very difficult to decode. Strategy in a layman's language could just mean what works for you. There are principles in trading which everybody will apply but at a time there are some certain ways you apply your own principle and it works for you.
Therefore what works for Mr A might not work for Mr B. So you should not expect any already made advice, learn how to trade and develop your own strategy.

As some colleagues stated before, my advice for you is to accept the loss and stop trading.

As I see it too, you are about to fall in the SUNK COST FALLACY. Please, do yourself a favour and educate yourself about this phenomenon before doing anything.

Trading is gambling, TA is pseudoscience and even most "professionals" don't have a clue of what they are doing, although the image they project and the speech that society believes is not that, because there are economic interests behind that lie.

If you want to continue with your fantasy, however, don't invest more than you are willing to lose, although I think that you already did it, so try to recover, but by other means rather than trading. Most members in this forum simply HODL, being well aware that even this is a very risky strategy too:

I understand that you lost money on trading, but you want to make up for your losses here?

I think this is not the right approach, if you lost money in trading, then you should take stock of the mistakes you made, evaluate the experience gained, and understand whether it is worth trading in the future or not. Perhaps if you can analyze all the mistakes, then in the future you will no longer make them. Trading is a complex occupation that requires a lot of knowledge and experience, it all does not come without losing money.

But if you decide that trading is not for you, then do not try to recover your losses here, rather try to figure out in which direction you would like to move and use the forum as a source of knowledge, since there is probably everything you need for this.

True. Never expect for profit consistency when you start trading since the market has always been unpredictable from the start which means there are times that even if you want to trade eagerly, the market will not favor your decision, hence you will end up losing if you pursue trading. However, experienced traders have developed their strategies so they can still make profits despite of the negative market response. But even so, losses are sometimes inevitable that even veterans in trading still cannot guarantee profitability all the time.

Crypto trading is very wide, it's not something you can get used to in a month, and it also depends on your level of understanding, you need a lot of trail to get better with trading and you need to get the right trading tools too, to limit your losses and increase your trading knowledge I suggest you trade using very small amount of money, until you are a better part of yourself then you can increase the amount you use for trading, start using Youtube, there are few teachers and pro traders on there that have courses and trading tools, I will advice you start your journey through them, and good luck.

To start with if anyone sends you a PM here or anywhere else, that they can help you trade or recover your losses; it's more likely they're scammers. Avoid such people. Those who are likely to help you on your quest are going to drop whatever comment or advice they've for you in the open.

That being said, now to this part of your post "...how to trade Securely and profitably?" You've to know that success in trading isn't a chance something. It comes with years of hardwork. Yes, it takes years of work. Anyone who thinks they can succeed at trading after a few weeks of work on it is only counting on luck. Such luck doesn't last before it throws them into gargantuan losses. Again for whatsoever you do, don't aim to take revenge n the market to regain all you've lost. It's a gradual process of winnings before that will happen. If you rush to take revenge, the market will most certainly discipline you again and again. Go to YouTube and watch those trading and how they're doing it.

they have misconception when they got into this market, because, they thought it is easy to earn high profits. if you are new to this market, start small and start with btc or other top alts. you will understand the market behaviour if you will start from the basics. don't worry about earning small, that's when you will build your trading foundation. the simple rule in trading is buy low, sell high. however, when you try to apply this, quite not easy as you have no idea where will the market is heading to.

Some beginner quite often comes up with the same question - it's about how to become successful from trading. While I think they just have a lot to learn from multiple sources rather than expecting generic advice from user experience. Beginners should wake up and find solutions to their own problems - but if you're interested in discussing and interacting here, I welcome you.

You have to be prepared for all the risks of trading - after all it is difficult to make a consistent profit from them. So if you intend to make consistent profits trading, then change your mindset. There are too many risks for you to consider - so don't be greedy.

To recover a lost in trading is something I see that will be difficult unless you find your way to learn more about trading and ensure that those mistakes that made you to lose your fund's during the previous trading has been correct, so learning is the primary thing we should do to correct all our previous mistakes. But in the aspect  having in mind to recover trade without correcting your mistakes

First, Welcome to the forum.


You can check this guide by Investopedia: https://www.investopedia.com/articles/trading/10/top-ten-rules-for-trading.asp

Listing it here so that you don't need to go outside the forum:

Top 10 Rules for Successful Trading

• Rule 1: Always Use a Trading Plan
• Rule 2: Treat Trading Like a Business
• Rule 3: Use Technology to Your Advantage
• Rule 4: Protect Your Trading Capital
• Rule 5: Become a Student of the Markets
• Rule 6: Risk Only What You Can Afford to Lose
• Rule 7: Develop a Methodology Based on Facts
• Rule 8: Always Use a Stop Loss
• Rule 9: Know When to Stop Trading
• Rule 10: Keep Trading in Perspective

You can click the link above if you wanted to learn more about these rules.

Welcome to the forum, just as your friends recommended, you are going to learn in this forum here but make sure you go through the rules and regulations of the forum first so that you wont go against it. I don't know how you are planning to recover your loss, but no one is going to give you money on this forum, the highest that can happen is that, you will be able to learn freely about trading on the forum here, which you can put into practice, when you already understand what trading is about and you are a professional, then you will be able to recover back all the money you lost. That's the only way you can recover your money back, or maybe you if you are ready to work on the forum here, then you can be making money.

• Always keep your emotions in check.
• Invest only what you can afford to lose.
• Always stick to a known strategy until you fully know how it works for you, then you can practice other strategies. Let's say we have about a dozen strategies and you don't know how to use them at all. Just go with one first, master that one until you know how it works, and then try the others, one after another. For example, if you try strategy A and think it's not working, then you jump to strategy B (Don't be like that). Be calm and learn any strategy you've got first.
• I would say you should not be too expectant of quick profit. Also, trade with a small amount until you know the number of successful trades you can make, then you can top up your capital because you will definitely be confident in your skill and have the possibility of making a profit in the trade you are going to open.
• Trade on a platform that is easier to use, not some kind of sophisticated platform.

 
I hope it helps.



Cheers 🥂, Dr.Bitcoin_Strange 👺👺

Making profit from trading (and not losing money) does not depend on the platform you are using, assuming the exchange you use is not a scammy one. Trading is about experience in reading the market correctly and acting wisely at the correct time. For example when you are trading altcoins it is of utmost importance to know when to enter (buy the altcoin) and when to exit (dump the altcoin). In almost all cases where people lost money in altcoin market, they bought the coin but could never decide on when to dump it so they end up bag holding it and losing money in the process.

Such experience is only acquired through lots of analysis of the market and figuring out what makes altcoins pump and when they get dumped.

You are welcome to this Forum. For not only you every users must follow rules and regulations of this forum and it's quite easy to maintain. Kindly read this to know a few :

1. Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ
2. Newbies - Read before posting

Let's discuss about your issue. Did you lose in future trading? If yes then you must remember that future trading isn't for beginners or it's only for experts. It's suggested to use low leverage in every trading to be safe in trading. And always have to set stop loss to reduce your loses. So to trade securely and profitably you have to do trade by doing research and must have trading strategy and risk management. It will help you to simplify your every trades.

I will have to say that you have started trading before now according to your statement and the difference is that you were losing money and now you what to eradicate or curtail your losses.
1. You can only curtail your losses but you cannot totally eliminate it.
2. You have to manage somethings yourself, such as emotion, greed and impatience.
3. The above listed things in number 2 can still you lose trade even if you are a professional trader.
4. Learn how to trade real and not depend on signals.

Please spend some time on the forum and learn as much as possible to avoid making same mistakes in trading again.
And no matter what you do, make sure not to indulge in revenge-trading (don't try to over-trade in order to win back the money you lost).

I deduce from this post that you're looking for a way to trade without incurring losses, that's basically not possible, no matter how skilled or experienced you are in crypto trading, there is always the possibility of you incurring losses. If any platform or individual promises to trade for you with assurance of profit/fixed returns, it is a scam and you should steer clear.
This is the unofficial rules of the forum: https://bitcointalksearch.org/topic/unofficial-list-of-official-bitcointalkorg-rules-guidelines-faq-703657, mind you that the knowledge you'll garner here is of Bitcoin and other whatnots, and not to help to trade without losses or to recover what you have lost previously to trading, because it is not possible.

Trading means a good combination of knowledge, flair, luck and strong balls. Trading is not guaranteed to ensure winning / earning.
This being said and from this post of yours, sadly, I would conclude that trading is not for you. But no worries, there are few who have all it needs for being successful traders. If you do have money you afford to lose (or at least have it locked for long time) you may consider just holding bitcoin for a number of years (5, maybe even 10, for a start). However, dyor and decide for yourself whether you want to spend or not.