Continuously Loosing money in Trading!!!! - page 6.

jossiel

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Quote from: South Park on October 13, 2021, 11:19:58 AM

Quote from: jossiel on October 09, 2021, 03:43:26 AM

Quote from: Victorycoin on October 09, 2021, 03:01:52 AM

And there is no alternative to price action trading to stop it managing your risk can be the most powerful tool that can ensure you remain neutral.

We tend to know how to manage risk.

But there are moments that they can't really stop when they become emotional with their trades. And that becomes the reason for them to have their own short fall.

By which it leads them to keep losing because they no longer can lose their emotion even if they know how to manage risk.

This is why being able to manage your emotions is critical, many traders do not think too much about it and some may even feel that it is not necessary, but it is, the ones that cannot do it most likely will lose their capital as the market does something they were not expecting and then they begin to lose money, at that point the correct thing will be to close their trade but instead they decide to keep it open because now they are revenge trading the market trying to get their money back, and that never ends well.

It's one of the best asset that a person can have, a control to himself including emotions is very vital.

Because being emotional as you trade will make you loose control. And when you come up to that point then you know what's going to happen next and you'll never like it.

crzy

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Quote from: martina14 on October 17, 2021, 03:26:55 PM

If the time is changing, and the market price changed most often, that means our strategy must also be change as always.
Our strategy should apply depending in the scenario of the movement in the price. So, therefore, in your case, you need to change your way
of doing trade right now, due to its not effective obviously.

We should always update our strategy because of we are in a fast growing market especially in trading where volatility is too high. If there’s a continuous lose in trading, something is bad with your strategy or you miss something on your analysis, just try the other way and be better on your trades.

martina14

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If the time is changing, and the market price changed most often, that means our strategy must also be change as always.
Our strategy should apply depending in the scenario of the movement in the price. So, therefore, in your case, you need to change your way
of doing trade right now, due to its not effective obviously.

retreat

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Quote from: devlin85 on September 18, 2021, 11:37:58 PM

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 have been trading for 3 to 4 years but why are you currently losing?
maybe you can replace the method you usually use with another method, now there are many books or groups about trading out there. Trading requires patience, logic and mental endurance, so keep on sharpening that ability.

Kimonoe

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Quote from: Reid on September 19, 2021, 03:45:21 AM

Perhaps the strategy is outdated. Try something new. That's all the reason I could think of.
You are an experienced trader and you might also be proud of what you have made out of the same strategy that's why you don't want to let go of it.
How about try some round with an experimental strategy and see if you will have a different output.

Yeah, time by time techniques and strategies become obsolete, time changes so basically, strategies should be different and changed as well, if you will just stick to the strategy that has made you win before then maybe that is not already good as of the current situation because there are already a lot of things have changed time by time. This is a continuous learning so you should still adapt with the changes.

to be able to change the initial strategy, we must have a lot of experience in trading, so we will have intuition that is formed naturally, so we will be more sensitive to market conditions at a time. If beginners do this, of course they will be confused by market fluctuations, so they can feel frustrated

doremonchina

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there are ways of getting yourself in the groove again.

LUCKMCFLY

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Quote from: South Park on October 13, 2021, 11:19:58 AM

Quote from: jossiel on October 09, 2021, 03:43:26 AM

Quote from: Victorycoin on October 09, 2021, 03:01:52 AM

And there is no alternative to price action trading to stop it managing your risk can be the most powerful tool that can ensure you remain neutral.

We tend to know how to manage risk.

But there are moments that they can't really stop when they become emotional with their trades. And that becomes the reason for them to have their own short fall.

By which it leads them to keep losing because they no longer can lose their emotion even if they know how to manage risk.

This is why being able to manage your emotions is critical, many traders do not think too much about it and some may even feel that it is not necessary, but it is, the ones that cannot do it most likely will lose their capital as the market does something they were not expecting and then they begin to lose money, at that point the correct thing will be to close their trade but instead they decide to keep it open because now they are revenge trading the market trying to get their money back, and that never ends well.

In this aspect you are absolutely right, because many traders have spent a lifetime trying to learn that emotions are the first thing that should be studied in the effect of market movements, however when many see a bullish scenario occurring, similar to the one These days, when the BTC of 52k has gone to almost $ 60k, they begin to buy as if the BTC were going to run out, and this causes the effort made by the whales to have the expected effect, which is, that they buy expensive while the whales are selling little by little, this is a practice that has always occurred in all speculative markets.

South Park

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Quote from: jossiel on October 09, 2021, 03:43:26 AM

Quote from: Victorycoin on October 09, 2021, 03:01:52 AM

And there is no alternative to price action trading to stop it managing your risk can be the most powerful tool that can ensure you remain neutral.

We tend to know how to manage risk.

But there are moments that they can't really stop when they become emotional with their trades. And that becomes the reason for them to have their own short fall.

By which it leads them to keep losing because they no longer can lose their emotion even if they know how to manage risk.

This is why being able to manage your emotions is critical, many traders do not think too much about it and some may even feel that it is not necessary, but it is, the ones that cannot do it most likely will lose their capital as the market does something they were not expecting and then they begin to lose money, at that point the correct thing will be to close their trade but instead they decide to keep it open because now they are revenge trading the market trying to get their money back, and that never ends well.

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Quote from: Kelvinid on October 09, 2021, 05:56:49 AM

Quote from: Strongkored on October 09, 2021, 03:59:31 AM

Using the same strategy will not the trader always making profit, but if the losses continue, I think you should re-analyze and try new strategies according to current market conditions, or maybe this is time for you to take a break from trading activities or lift your knowledge about other strategies then use it, could be the new one is more suitable for current market.

Maybe, a trader must have to move on and find out what makes him wrong. It is probably not because of the strategies a trader is using, it probably he might be too emotional. If this is found to be the reason, I don't think you will be able to succeed but certainly just about to fail no matter many tries you do as will always ended up losing their minds and make bad decisions.

"Never trade with emotions" is supposed to do in trading. But somehow, many were still got the influence of this, and not to wonder why they keep complaining their losses.

Strategies do play a role as well, there are bad ones that could make you lose money and a bad trader could be using a horrible strategy to keep on losing money as well. However I agree that 90% of the bad trades that end up with a loss probably comes from being emotional and making moves that is based on wrong emotional hectic moves.

I don't know the real number, it could be a lot less than that but I feel like emotions are the number one reason why people lose money in trading. Even the simple fact that "buy, if it drops then buy some more, then when you are out of money keep on waiting, wait until it goes to profit, sell" is out there and people still lose money. I am not saying it will guarantee you profit, but waiting and not getting any panic on the drops should be number one way to make a profit, whereas many people still fail to do that.

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Quote from: devlin85 on September 18, 2021, 11:37:58 PM

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 didn't explain specifically what the strategy was that made you lose...

but I guess you cut loss too often or late, if you do this often then change immediately because it will only make your capital run out and you also have to trade on coins that are already trusted, don't try meme tokens or new tokens.

MIner1448

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The strategy that worked a couple of years ago is no longer applicable now in such a state of the market, and the users on the exchanges are far from being the hamsters they used to be, the trading strategy must be changed every time, or you will lose your money. It is necessary to keep up with the times, especially in the world of cryptocurrency.

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Quote from: Peanutswar on October 09, 2021, 07:39:41 AM

It looks like you repeat the same mistakes, even though you make a lot of trading still there's a problem with your strategy for sure there some even small mistakes that might bring you to your losses for those years I guess I learned something but imagine two years I guess there's something wrong on it. Better to try to analyze those mistake try open a different opportunities or strategy to make a trade not always stick to the old one, every time there's new changes why not take to adopt.

The same mistakes are mostly made because of repeating mistakes in trading psychology. sometimes our analysis is correct, but we are not able to restrain ourselves so that the profit obtained is less than the maximum. on the other hand we have already placed a pending order, but because we can't wait for the area, then we make transactions manually to enter the market

Peanutswar

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It looks like you repeat the same mistakes, even though you make a lot of trading still there's a problem with your strategy for sure there some even small mistakes that might bring you to your losses for those years I guess I learned something but imagine two years I guess there's something wrong on it. Better to try to analyze those mistake try open a different opportunities or strategy to make a trade not always stick to the old one, every time there's new changes why not take to adopt.

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Quote from: Strongkored on October 09, 2021, 03:59:31 AM

Quote from: devlin85 on September 18, 2021, 11:37:58 PM

But recently from few weeks i am loosing my money continuously with the same strategy i have been using since last 2 years.

Using the same strategy will not the trader always making profit, but if the losses continue, I think you should re-analyze and try new strategies according to current market conditions, or maybe this is time for you to take a break from trading activities or lift your knowledge about other strategies then use it, could be the new one is more suitable for current market.

Maybe, a trader must have to move on and find out what makes him wrong. It is probably not because of the strategies a trader is using, it probably he might be too emotional. If this is found to be the reason, I don't think you will be able to succeed but certainly just about to fail no matter many tries you do as will always ended up losing their minds and make bad decisions.

"Never trade with emotions" is supposed to do in trading. But somehow, many were still got the influence of this, and not to wonder why they keep complaining their losses.

Strongkored

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Quote from: devlin85 on September 18, 2021, 11:37:58 PM

But recently from few weeks i am loosing my money continuously with the same strategy i have been using since last 2 years.

Using the same strategy will not the trader always making profit, but if the losses continue, I think you should re-analyze and try new strategies according to current market conditions, or maybe this is time for you to take a break from trading activities or lift your knowledge about other strategies then use it, could be the new one is more suitable for current market.

jossiel

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Quote from: Victorycoin on October 09, 2021, 03:01:52 AM

And there is no alternative to price action trading to stop it managing your risk can be the most powerful tool that can ensure you remain neutral.

We tend to know how to manage risk.

But there are moments that they can't really stop when they become emotional with their trades. And that becomes the reason for them to have their own short fall.

By which it leads them to keep losing because they no longer can lose their emotion even if they know how to manage risk.

Victorycoin

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The mentality of proper trading involves neutrality you will not be associated with a trade or position without a chart don’t focus on winning or losing a trade once you start trading, you will notice that you are starting to get emotional and it tempts us to take trading mistakes such as over trading or too risky trading. And there is no alternative to price action trading to stop it managing your risk can be the most powerful tool that can ensure you remain neutral.

Lordhermes

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Continuously loosing money in trading can cause Ennui and make one loose interest in the game.When you loose once,it is good to look at the factors that made you loose,consult some people that are experienced in the field,get their advice,and try again.

Remember,relenting is a mistake and for the weakling.It is only those that have determined to succeed that will lose money once,and still decide to try it over and over again,untill he gets the experience he needs,and start trading without loosing.

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Quote from: South Park on October 08, 2021, 11:10:50 AM

Quote from: martina14 on October 08, 2021, 09:24:22 AM

Quote from: ?? on ??

Quote from: zanezane on September 29, 2021, 01:16:35 AM

Quote from: checkmatesir on September 27, 2021, 11:11:26 AM

In many of the previous posts about the trading I had seen so far in which there were some questions about the trading strategies , but this time I had to tell you that following the same strategies won't help you anymore, so you have to make new strategies for yourself and followed them for getting the profit.

Some strategies might still work though as some of them are pretty much generalized so everyone can use it, but you're right that we should create our own strategy so we can get it to our specifications. If you're continuously losing money when your trading, you better evaluate your strategy and see what's making you lose.

Yes, strategy is the most important part of trading it is easy to master the techniques and reduce the risk if you trade using your knowledge and intellect. If you are afraid of losing money stay calm for a while if you analyze the charts you will be less likely to lose money.

But the problems is the majority of the new traders who came up here in crypto trading they never know how to become prepared or aware
and doesn't know how to analyze the chart while reading it in the actual movement happen in the market. Where it leads them to be
confuse in the end. Then at the end of the day they loss their assets.

Many traders depend on signals from other traders or the recommendations they read on social media, this means they are not trading the market with their skills but with the skills of someone else, and this is a huge mistake because as we know the conditions in the market can change in a heartbeat and if the person that they are following does not tell them what to do or they are busy adjusting their positions then this means they are losing precious minutes and not taking a decision about what to do, and while a few minutes may not seem like a big deal this is an eternity if you are a day trader.

And yes often what happens is, new traders tend to invest on the same coin where their friends have invested and got profits. They just invest when the price is high and later when the value goes down, they panic and sell them off at loss. When market is manupulated, never push yourself to either buy or sell. Have patience when you see your coin value is going down. It will certainly grow back.

South Park

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Quote from: martina14 on October 08, 2021, 09:24:22 AM

Quote from: ?? on ??

Quote from: zanezane on September 29, 2021, 01:16:35 AM

Quote from: checkmatesir on September 27, 2021, 11:11:26 AM

In many of the previous posts about the trading I had seen so far in which there were some questions about the trading strategies , but this time I had to tell you that following the same strategies won't help you anymore, so you have to make new strategies for yourself and followed them for getting the profit.

Some strategies might still work though as some of them are pretty much generalized so everyone can use it, but you're right that we should create our own strategy so we can get it to our specifications. If you're continuously losing money when your trading, you better evaluate your strategy and see what's making you lose.

Yes, strategy is the most important part of trading it is easy to master the techniques and reduce the risk if you trade using your knowledge and intellect. If you are afraid of losing money stay calm for a while if you analyze the charts you will be less likely to lose money.

But the problems is the majority of the new traders who came up here in crypto trading they never know how to become prepared or aware
and doesn't know how to analyze the chart while reading it in the actual movement happen in the market. Where it leads them to be
confuse in the end. Then at the end of the day they loss their assets.

Many traders depend on signals from other traders or the recommendations they read on social media, this means they are not trading the market with their skills but with the skills of someone else, and this is a huge mistake because as we know the conditions in the market can change in a heartbeat and if the person that they are following does not tell them what to do or they are busy adjusting their positions then this means they are losing precious minutes and not taking a decision about what to do, and while a few minutes may not seem like a big deal this is an eternity if you are a day trader.

Topic: Continuously Loosing money in Trading!!!! - page 6. (Read 1419 times)