Topic: Continuously Loosing money in Trading!!!! - page 10. (Read 1366 times)
No one yet had advised you to change your career if you have not been successful after 3-4 years of trading then consider this as one of the advice. However, if you have the persistence and keeping faith that you will eventually be successful, learning more about the trade is the way to go. Indicators they say will help a lot.
I'm not a day trader but more of a long-term trader. I'd like to buy coins when they dip down to their very oversold point in the weekly chart using the RSI. It's not a very tiresome job since it's almost like holding.
Unfortunately, the market may be changing, the chart may be changing, moreover recently, there are so many FUDs and also news that suddenly spreading that will make the market will drop very easily only in some hours.
And sometimes, you need to evaluate your trading strategy whether it will work or not. And if you keep losing with your strategy, it means that you need something new.
You may not need to change the whole strategy, but you need to evaluate it and conform to the current market.
Sometimes, the trading strategy will be different in only some days and weeks.
We must be ready for the change because that is trading, so far, so many people are coming to the crypto market for trading also.
This may also influence.
Ima sure that you ar emor eprofesional than I am. So, I believe you can find the best trading strategy that fits the current market right now.
And sometimes, you need to evaluate your trading strategy whether it will work or not. And if you keep losing with your strategy, it means that you need something new.
You may not need to change the whole strategy, but you need to evaluate it and conform to the current market.
Sometimes, the trading strategy will be different in only some days and weeks.
We must be ready for the change because that is trading, so far, so many people are coming to the crypto market for trading also.
This may also influence.
Ima sure that you ar emor eprofesional than I am. So, I believe you can find the best trading strategy that fits the current market right now.
Why not change your strategy if it doesn't work for you for quite times? maybe you need to re evaluate what happen and what mistake did you do then change your strategy so that you can get better trades on next time around and also strategy will never work if you don't have discipline also don't have any set exit plan so better learn that two before concluding things since for sure you will end up earning good numbers once you do a good trades.
The highlighted line above was right and I tend to agree, why do you keep using your strategy if you keep losing on it. Continuous losing isn't good at all, you might take a break and do your assignment of researching a good and new strategy that you can use and observe how effective it is, sometimes making a trial and error makes us becomes perfect but in a mistake of 1 or 2 is enough for us to learn. The important thing is to learn from your mistake and don't let them happen again. Sometimes as of now technical analysis have less effect IMO, the most trend analysis is now related to the news around and it becomes to have an effect to the crypto market price.
I think if a particular strategy is not working again them I believe you should change it, maybe due to current market situation that's why your strategy is no more functional then do more research and try to change your strategy. I cryptocurrency I don't even believe one strategy will work for you foreve since the market changes then you strategy should also change if the formal one is not yielding you more interest again.
we should not change our strategy too soon,better to evaluate it and find in which part this strategy was not work for us. sometimes our mental and psychology that uncontrolled could be this reason, even our trading system was the best but as long as mental still uncontrolled it will destroyed.Why not change your strategy if it doesn't work for you for quite times? maybe you need to re evaluate what happen and what mistake did you do then change your strategy so that you can get better trades on next time around and also strategy will never work if you don't have discipline also don't have any set exit plan so better learn that two before concluding things since for sure you will end up earning good numbers once you do a good trades.
I think if a particular strategy is not working again them I believe you should change it, maybe due to current market situation that's why your strategy is no more functional
True. His trading strategy doesn't work well anymore. Not sure what his trading strategy is, but if it is no longer effective then should be changed. The current market situation may be one of the reasons leading to the ineffectiveness of a particular trading strategy. I recently changes my trading strategy and my goal in trading. Now, I set lower profits and only holding 1-2 days after I bought a coin.
I think if a particular strategy is not working again them I believe you should change it, maybe due to current market situation that's why your strategy is no more functional then do more research and try to change your strategy. I cryptocurrency I don't even believe one strategy will work for you foreve since the market changes then you strategy should also change if the formal one is not yielding you more interest again.
we should not change our strategy too soon,better to evaluate it and find in which part this strategy was not work for us. sometimes our mental and psychology that uncontrolled could be this reason, even our trading system was the best but as long as mental still uncontrolled it will destroyed. 
I think if a particular strategy is not working again them I believe you should change it, maybe due to current market situation that's why your strategy is no more functional
True. His trading strategy doesn't work well anymore. Not sure what his trading strategy is, but if it is no longer effective then should be changed. The current market situation may be one of the reasons leading to the ineffectiveness of a particular trading strategy. I recently changes my trading strategy and my goal in trading. Now, I set lower profits and only holding 1-2 days after I bought a coin.
I think if a particular strategy is not working again them I believe you should change it, maybe due to current market situation that's why your strategy is no more functional then do more research and try to change your strategy. I cryptocurrency I don't even believe one strategy will work for you foreve since the market changes then you strategy should also change if the formal one is not yielding you more interest again.
It is really involving trial and error and this is a must thing because this is where you do really make yourself improve throughout your trading career.Lossing in consecutive manner is something that everyone do experience but doesnt mean that you would need to quit up.Just sustain yourself and try to look on what are the things become wrong because this is on where do realize that there's something wrong with your trades or analysis and try to make out
some reverse and you will find out.
Try to sustain yourself with experience that you had gained in the past because quitting isnt a solution to the problem.
I think if a particular strategy is not working again them I believe you should change it, maybe due to current market situation that's why your strategy is no more functional then do more research and try to change your strategy. I cryptocurrency I don't even believe one strategy will work for you foreve since the market changes then you strategy should also change if the formal one is not yielding you more interest again.
I understand you very well but I want you to know that it is normal to have losing streaks as a trader. You just have to re-evaluate your strategy and try as much as possible to detach yourself from both wins and losses, that way you won't be trading with emotions and you can make Better Decisions.
Hello everyone,
I am doing Trading since last 3 to 4 years And in this journey i have seen many updowns(profit and losses), But recently from few weeks i am loosing my money continuously with the same strategy i have been using since last 2 years. I don't know what happened to me. So please anyone can guide me through this situation, it will be very helpful for me.
Thank you.
I am doing Trading since last 3 to 4 years And in this journey i have seen many updowns(profit and losses), But recently from few weeks i am loosing my money continuously with the same strategy i have been using since last 2 years. I don't know what happened to me. So please anyone can guide me through this situation, it will be very helpful for me.
Thank you.
I hope you know that market situation changes and during bull run, it's always better to hold than been a trader, you will loose big profits because its this time we have mad profits in few days, going with holding than trading would be better and again, if you are actually trading altcoins, it is better you scalp them and forget the minor support and resistance, though the major support and resistance should be noted.
Again, it's better you trade coin/tokens that has more bullish momentum than others, not the Inez that has been pumped, you will loss because a lots if investors would dump it on you.
Hello everyone,
I am doing Trading since last 3 to 4 years And in this journey i have seen many updowns(profit and losses), But recently from few weeks i am loosing my money continuously with the same strategy i have been using since last 2 years. I don't know what happened to me. So please anyone can guide me through this situation, it will be very helpful for me.
Thank you.
If i get lose streak, i will take a rest. Because sometimes market is unpredicted although we already learn some strategies and use it. Usually when doing trading we should know how to do some improvisation. Maybe it is better to take a rest and see how market move and then do some analysis maybe it can really help refresh our mental and brain so we can think more clearly and made good decision. I am doing Trading since last 3 to 4 years And in this journey i have seen many updowns(profit and losses), But recently from few weeks i am loosing my money continuously with the same strategy i have been using since last 2 years. I don't know what happened to me. So please anyone can guide me through this situation, it will be very helpful for me.
Thank you.
legendary
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Hello everyone,
I am doing Trading since last 3 to 4 years And in this journey i have seen many updowns(profit and losses), But recently from few weeks i am loosing my money continuously with the same strategy i have been using since last 2 years. I don't know what happened to me. So please anyone can guide me through this situation, it will be very helpful for me.
Thank you.
I saw somewhere a word that strategy don't work second time or something like this Lol. But you have using the same strategy over 2 years and recently You are failing. To be honest Market condition are not act as the same of previous one. Every time it change it's criteria, looking, duration etc. So It think this time Market does not act like previous one. But your strategy is still same. For why maybe you are failing this time. Don't be over greedy and don't think you are right always. I am doing Trading since last 3 to 4 years And in this journey i have seen many updowns(profit and losses), But recently from few weeks i am loosing my money continuously with the same strategy i have been using since last 2 years. I don't know what happened to me. So please anyone can guide me through this situation, it will be very helpful for me.
Thank you.
You need to re-learn the state of the market, market conditions are not always the same as they used to be. You have to change your strategy to suit the current market conditions. As time goes on crypto technology continues to evolve and the market charts will continue to change. If the market is always the same as 3 years ago, of course the profits we get will increase without big losses.
Hello everyone,
I am doing Trading since last 3 to 4 years And in this journey i have seen many updowns(profit and losses), But recently from few weeks i am loosing my money continuously with the same strategy i have been using since last 2 years. I don't know what happened to me. So please anyone can guide me through this situation, it will be very helpful for me.
Thank you.
I am doing Trading since last 3 to 4 years And in this journey i have seen many updowns(profit and losses), But recently from few weeks i am loosing my money continuously with the same strategy i have been using since last 2 years. I don't know what happened to me. So please anyone can guide me through this situation, it will be very helpful for me.
Thank you.
First of all you haven’t shared the strategy that you are using.
And yes no strategy works the second time.
What can get you success in trading is that, cool mind , good calculations and choosing the best coin.
If you excel in all these skills above , then surely you will get profit.
Hope this encourages you.
Hello everyone,
I am doing Trading since last 3 to 4 years And in this journey i have seen many updowns(profit and losses), But recently from few weeks i am loosing my money continuously with the same strategy i have been using since last 2 years. I don't know what happened to me. So please anyone can guide me through this situation, it will be very helpful for me.
Thank you.
Considering that you used the same strategy for years and sometimes got nice returns but now it just doesn't work out anymore just means that the markets you're in have changed, and that your strategy no longer applies to them. This is why, once you work out strategy you must be able to adjust it as required to meet the different markets. This is probably what's happening. I am doing Trading since last 3 to 4 years And in this journey i have seen many updowns(profit and losses), But recently from few weeks i am loosing my money continuously with the same strategy i have been using since last 2 years. I don't know what happened to me. So please anyone can guide me through this situation, it will be very helpful for me.
Thank you.
Hello everyone,
I am doing Trading since last 3 to 4 years And in this journey i have seen many updowns(profit and losses), But recently from few weeks i am loosing my money continuously with the same strategy i have been using since last 2 years. I don't know what happened to me. So please anyone can guide me through this situation, it will be very helpful for me.
Thank you.
You need to re-learn the state of the market, market conditions are not always the same as they used to be. You have to change your strategy to suit the current market conditions. As time goes on crypto technology continues to evolve and the market charts will continue to change. If the market is always the same as 3 years ago, of course the profits we get will increase without big losses. I am doing Trading since last 3 to 4 years And in this journey i have seen many updowns(profit and losses), But recently from few weeks i am loosing my money continuously with the same strategy i have been using since last 2 years. I don't know what happened to me. So please anyone can guide me through this situation, it will be very helpful for me.
Thank you.
you have been trading for 4 years and you never seen such event where the market is contiously in a bad position ? how come but it will be safe for you stop trading for a while just to stop loosing money because the market is really in bad shape and even me im also loosing most of my investments .
this can also be a sign to change the strategy that you are using and try to continue instead of stopping . see if it favors you , goodluck
this can also be a sign to change the strategy that you are using and try to continue instead of stopping . see if it favors you , goodluck
legendary
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Merit: 4133
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If there is one good advice for you then it would be probably stop trading or learn to trade. If you keep on losing your money on it then why don't you feel quit on it? There are still some other ways to earn money don't just focus on trading especially if you already know that you are not good at it.
And that's the perfect advise, the rumors has made it seems like the the only way to profit from the market is by trading which isn't so. This means if you have tried and it isn't favoring you then that means you're not enlightened enough or trading isn't for you entirely so try investing. The trends in the industry are numerous this day, the likes of farming, staking etc where nit that popular few years vacybut today they are and people has profited form them.
I haven't tried them myself but they're good earning opportunity for the short team and you can experiment on them but do not forget the end goal should always be to accumulate as much Bitcoin as possible therefore all this other earning opportunity should just be used for raising funds and don't get carried away in the altcoins market.
I suspect you choose an improper strategy in trading for the current market situation. Or you choose bad coins that are just pump-dump coins in the market. Kindly evaluate these two factors, you may have a problem with these factors. If you find out the bad decisions on these, just change your strategies or your coins target. For the current market condition, I think day trading or scalping is better to choose. Just target to take profits every day or every two days with a smaller amount of profits.
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