Topic: Continuously Loosing money in Trading!!!! - page 3. (Read 1381 times)
If you continuous losses in trading ,doesn't that mean something is wrong? Determining a strategy in trading is an important thing that every trader must do, but that doesn't mean we can use that strategy all the time, we also need to improve it and adapt to the current crypto market. if you realize that the strategy you did before did not help in trading now then you should immediately replace or upgrade it. That's why every trader must grow in order to keep up with market movements. crypto market is unpredictable so we have to be able to follow it well.
I used to face consistent losses early in my cryptocurrency trading life but now I have gained experience in trading which is why I don't face much loss now. Moreover an experience can bring you a lot in trading life.
It's nice to hear someone shares how he improved his trading journey. When you're getting a lot of loss and then become serious with it, you're really bound to improve.
But some people might doubt that you're no longer facing that many losses. Well, it's normal to hear that if someone says so.
I used to face consistent losses early in my cryptocurrency trading life but now I have gained experience in trading which is why I don't face much loss now. Moreover an experience can bring you a lot in trading life.
Losses is part of experience and experience is your best teacher if you do really make yourself learn on how to deal with this market even though the situation wont be simple but this is how reality works. Deal with those losses and learn from it. Making yourselff way more better is only just on this kind of way and if you try to avoid it via stopping then you wouldnt really make yourself way more better. We are here for long game and wont really be just good for shorter ones which would make out mistakes when you are in a rush.
I used to face consistent losses early in my cryptocurrency trading life but now I have gained experience in trading which is why I don't face much loss now. Moreover an experience can bring you a lot in trading life.
Before trading, you need to have sufficient knowledge to analyze the market, research and choose the cryptocurrency to be traded and develop an appropriate trading strategy. The crypto market is constantly changing over time. It is necessary to find the reason from the failure and then update and improve the strategy to avoid long-term losses
There is no strategy that works 100% of the time, the more you trade the more experience you will get. Having a decent experience will let you analyze the market better and the chances of making wrong decisions will be lower within time. Better to take a break and don't risk more than 10% of the trading capital in single trading. Just my 2 cents.
Indeed, analysis only helps us to minimize errors. But there are many factors that cannot be analyzed, such as whales and sometimes emotions. Emotion is a factor that beats everything. Emotional management is a very difficult thing. This happens because they are greedy, they want to get a quick return on investment when they get a loss and etc. Your suggestions are very good I think the writer should try he should keep learning to get the most comfortable technique with his ability.
Never ending learning, if you want to be successful you need to work and adjust with every market sways, I'm considering your both statement as a good knowledge base first hand experienced, emotions really beats every traders especially those who are not well prepared with what the market will bring them, anticipation and analysis will help you but it's not a guarantee, the changes is unavoidable matter considering those whales around this industry.
You need to think wider and wiser to play good with what they are trying to bring to the market. From that on forward, you can ride along and start making good outcomes.
Many days before i had seen a post before the same question but there is a little difference which was about trading strategies, that should be change the strategies in trading? The answer is Yes because trading strategies changes with time, So I also prefer you to not use the same strategy again and again that's why you had lost your money.
There is no strategy that works 100% of the time, the more you trade the more experience you will get. Having a decent experience will let you analyze the market better and the chances of making wrong decisions will be lower within time. Better to take a break and don't risk more than 10% of the trading capital in single trading. Just my 2 cents.
Indeed, analysis only helps us to minimize errors. But there are many factors that cannot be analyzed, such as whales and sometimes emotions. Emotion is a factor that beats everything. Emotional management is a very difficult thing. This happens because they are greedy, they want to get a quick return on investment when they get a loss and etc. Your suggestions are very good I think the writer should try he should keep learning to get the most comfortable technique with his ability.
Main reasons to loosing money lack of knowledge about trading like right entery time when we need to exit how to manage portfolio so best way is learn about this or follow someone experiencer
I don't think exit should be the right word.It should be the right time of selling. Because when we sell, we're also going to buy it back so that when there's another dip and pump, we're on it.
And if you say exit, it's about getting wholly out of the market and there's no returning.
I don't think a single strategy wouldn't always work I think you should try and explore other strategies there's a lot of strategies and combination that could work in any market (bullish or bearish) contentiously losing indicates that your strategy is not valid and not effective at the current market status.
I think you should not just rely on one or two strategies. I also think you should know when to use one strategy and not use it randomly.
ya.ya.yo!
I think you should not just rely on one or two strategies. I also think you should know when to use one strategy and not use it randomly.
ya.ya.yo!
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 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. 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.
Main reasons to loosing money lack of knowledge about trading like right entery time when we need to exit how to manage portfolio so best way is learn about this or follow someone experiencer
An investor and a trader when he enters newly in cryptocurrencies market then he has not enough ideas and knowledge about investment and trading. If then he investsor trades he may continusly Lossing money in a trading.
In case of trading you will always face losses if you do not invest properly at the right time. When the market goes up, it makes sense to sell your invested coins. And re-investing should be the principle of a trader when the market goes down later.
How can you stick with the same strategy while the results of your strategy cost you money. You have to change your old strategy, you already have skills in trading. But you are still not smart, that the market will not always be the same. If all traders were always profitable in the market, people would have no financial limitations. They will move from real work to trading. Now do something different, re-study the market conditions and then come up with a strategy that you think is more suitable and has a high chance of profit.
If that strategy is not working you should forget that and find a new one. The reason of not working strategy can be the market is not predictable. You must wait or find new strategy for getting profit.
It won't make any sense if one continues trading when their is continuous loosing of money. The best thing to do is to stop trading, and to acquire for knowledge that can stop the lose of money. The reason that could cause the loss of money is not getting the understanding to manage the trade. Obtaining the right knowledge will stop the lose of money in trade.
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.
Obviously something is not going right, you need to change your strategy or, even better, you need to stop trading. I would rather see someone hodling than trading, as in the long term, it is a much better strategy.
But if you really have the need to keep trading, then at least adapt your strategy to current market conditions. Could you tell us what your strategy was before? Maybe we can give you some tips.
Most of the people loss money due to the techniques they are using. Also one essential thing is the news they actually trust blindly on fake news so they purchase the coin and after that when someone says that the value of this coin will become low more and more then they sell that coin while they are in loss so this can make you loosing your money.
The techniques aren't that big of a deal though, pretty sure that they can be changed overtime if they want to. The news subscription is a big problem, a lot of articles to sift through which makes things confusing because there's going to be some contradictions somewhere but my rule of thumb in this case is if you've heard it on the news then probably you're too late on the hype so you might want to wait for awhile when the market calms down.Confusion,doubts and hindrance would be the primary emotions you would feel out and this is something that cant really be avoided
but with due experience you could able to bare and handle it out.
Just try to sustain and maintain up your position and be profitable despite of the losses.
Most of the people loss money due to the techniques they are using. Also one essential thing is the news they actually trust blindly on fake news so they purchase the coin and after that when someone says that the value of this coin will become low more and more then they sell that coin while they are in loss so this can make you loosing your money.
The techniques aren't that big of a deal though, pretty sure that they can be changed overtime if they want to. The news subscription is a big problem, a lot of articles to sift through which makes things confusing because there's going to be some contradictions somewhere but my rule of thumb in this case is if you've heard it on the news then probably you're too late on the hype so you might want to wait for awhile when the market calms down. Jump to: