true, if you are rich like you have mentioned then you would not even bother to regret anything that you have done before. but still money is money and losing that amount of money must be really hurt even though i didn't have that much money anymore. that is why trading requires lot of factors to work not just solely based of charts and done
just imagine if you getting that money from lending and lose all, what would happen in your life? i woiuld advise you guys to not ever trade with others money.
Topic: Don't trade what you can't risk loosing (Read 1758 times)
There is no other advice that worth more than what OP is trying to pass across. This is especially for newbies who believe trading crypto is making money quick. Many of them are not even aware that one can lose all in trading.
I wish I had someone tell me this when I started out trading. I traded with what I couldn't afford to lose and that set my emotions on high causing me to make some very bad mistakes.
Another advice that is very similar to this is to trade with only spare cash. Do not trade with money that is needed to run the day-to-day activities of your life.
I wish I had someone tell me this when I started out trading. I traded with what I couldn't afford to lose and that set my emotions on high causing me to make some very bad mistakes.
Another advice that is very similar to this is to trade with only spare cash. Do not trade with money that is needed to run the day-to-day activities of your life.
You are responsible for your own trade, someone introduced us to Bitcoin trading. He/she will not be responsible for the mistake you have made. While trading a huge sum of money, to earn 1000× of your funds, in two weeks. Found a tweet, “About a dude telling a cryptocurrency Twitter influencer, how he got influenced wrongly. He traded 10BTC and lost all". This could be clout, but serves as a good information. So many cryptocurrency Newbies invest in the first assets that feel okay, without doing their own research.
Pay attention; If you have plenty BTC like the dude above. It's certainly well, you know how to trade, close to what the dude thought. For this reason, holding is the best option. No way 10BTC will be lost (when Holding), allow yourself to “waste" time exploring. Although he learnt his lessons. Such mistakes should not be welcomed.
We have to keep in mind what we can do to improve not only our own lot but that of those around us. Share your Opinion.
Pay attention; If you have plenty BTC like the dude above. It's certainly well, you know how to trade, close to what the dude thought. For this reason, holding is the best option. No way 10BTC will be lost (when Holding), allow yourself to “waste" time exploring. Although he learnt his lessons. Such mistakes should not be welcomed.
We have to keep in mind what we can do to improve not only our own lot but that of those around us. Share your Opinion.
Actually it's not a good one to blame the person who refer you to bitcoin.Did you prise the person, who referred you to bitcoin after huge rise in bitcoin price ! Mostly no, so it's not a correct one to scold for the introducing. Specially bitcoin differ from other crypto currency. Any time, you will get back the profit from bitcoin in a short duration and it won't be possible in other altcoin.
risk of losing and not, is part of the cycle of a trade,
we can avoid it but we cannot avoid it continuously, don't expect you to avoid it,
just make a good trading strategy.
we can avoid it but we cannot avoid it continuously, don't expect you to avoid it,
just make a good trading strategy.
In order to trade, you have to have the mentality of bearing losses. There will be losses and profits in trading. No one wants to see losses. Everyone just wants to make big profits, but everyone must keep in mind that there will be profits and losses in trading. The focus here should be on reducing losses. Traders develop different strategies to reduce their losses. So traders should prepare themself well before coming to trading.
It's a very tricky thing @trading. If your in experienced, you never can fully tell how long you are to hold a loosing position on a trade. There is a technic and it should be in your setting of stop loss margin and the same applies to take profit margin. No one likes loosing and as such, you tend to hold a losing position with hope that it would turn back in profit. Eventually, it just might not and you end up losing more than you can afford to lose.
Always put your stop loss just before the previous lower low at the support level and take profit close to the higher high at the resistance level. Once these places are broken, it signifies a possible break out so, you've just got to love the trade before you make the mistake of losing more than you could bare.
Always put your stop loss just before the previous lower low at the support level and take profit close to the higher high at the resistance level. Once these places are broken, it signifies a possible break out so, you've just got to love the trade before you make the mistake of losing more than you could bare.
Indeed, stop-loss is a good idea for those who can't tolerate losses in trading for a long period.
We know that bitcoin and some altcoins be able to recover and reach the ath again someday, but most of the altcoins can't survive in the market, so it is better to sell those coins rather than hold it for long term in hope it will rise again.
Don't jump into a pond, immediately after you see it because we never know how deeps is that
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Unless you know how to swim
Don't jump into a pond, immediately after you see it because we never know
It's a very tricky thing @trading. If your in experienced, you never can fully tell how long you are to hold a loosing position on a trade. There is a technic and it should be in your setting of stop loss margin and the same applies to take profit margin. No one likes loosing and as such, you tend to hold a loosing position with hope that it would turn back in profit. Eventually, it just might not and you end up loosing more than you can afford to loose.
Always put your stop loss just before the previous lower low at the support level and take profit close to the higher high at the resistance level. Once these places are broken, it signifies a possible break out so, you've just got to love the trade before you make the mistake of loosing more than you could bare.
Always put your stop loss just before the previous lower low at the support level and take profit close to the higher high at the resistance level. Once these places are broken, it signifies a possible break out so, you've just got to love the trade before you make the mistake of loosing more than you could bare.
risk of losing and not, is part of the cycle of a trade,
we can avoid it but we cannot avoid it continuously, don't expect you to avoid it,
just make a good trading strategy.
we can avoid it but we cannot avoid it continuously, don't expect you to avoid it,
just make a good trading strategy.
There must be risk involved in doing business it is not possible to do business without risk if you have good knowledge about trade the risk will be less. Trading charts need to be followed along with trading strategies analyze the trading charts and proceed as planned trade and work according to plan for the risk of losing or gaining.
Just sleep if you are afraid of trading! Trading is risky,
let alone defeat will be a partner for us, if you want to learn to trade and be able to read analysis,
of course this will minimize it.
let alone defeat will be a partner for us, if you want to learn to trade and be able to read analysis,
of course this will minimize it.
We better get used to losing as that is normal in trading, however, it's stupid if we don't learn from our mistakes because our main purpose is to improve and be profitable in the long run, trading is just like gambling, where you can use your skills and win more than you lose so you'll end up profitable in the long run.
This is an opportunity for us if we are active in crypto because we are trading a high risk asset, but if we are good already and consistent in trading, well, making money should not be hard for us, and we would love the fact that we are trading high risk assets.
Just sleep if you are afraid of trading! Trading is risky,
let alone defeat will be a partner for us, if you want to learn to trade and be able to read analysis,
of course this will minimize it.
let alone defeat will be a partner for us, if you want to learn to trade and be able to read analysis,
of course this will minimize it.
Everyone knows that trading is risky and even the legendary in trading has passed all the failures and the risk of losing before they earn a best strategy that they are using now in trading. If you are afraid of trading then you are not for this area, you should try some area like investment which you can get a profit. But of course know how to trade was a plus factor for your crypto wallet to get an additional profit. There is no overnight profit here in crypto, you will get what you are working at.
As a beginner u don't have to put all your investments in Cryptocurrency, or Cryptocurrency shouldn't be your main source of income!!! If u are starting a trade Make sure u start with what you know when you loss it won't really affect you!!! And you should never take a loan to invest in any coin.
Trading should be like that, if you don't want to experience mistakes then you can't do more valuable things, like trading, you have to practice first, learning about trading analysis techniques is very important
Newbies nowadays think that trading is very easy but when they jump in, it makes them feel trading is not for them. if you get hurt once and leave then you can never become a trader.
That's why we always keep on sharing here that as a newbie you should already have your determination to learn especially from losses ahead. You should take risk for the amount that your willing to lose. The best strategies and tactics can't be learn by just watching trading tutorials in youtube or any other legit site and not by just reading some tips and tactics here in forum but you can acquire the best tactics by your own experience and failures in trading. If we will always aim and we always experience win then you will never learn.
Just sleep if you are afraid of trading! Trading is risky,
let alone defeat will be a partner for us, if you want to learn to trade and be able to read analysis,
of course this will minimize it.
let alone defeat will be a partner for us, if you want to learn to trade and be able to read analysis,
of course this will minimize it.
As a beginner u don't have to put all your investments in Cryptocurrency, or Cryptocurrency shouldn't be your main source of income!!! If u are starting a trade Make sure u start with what you know when you loss it won't really affect you!!! And you should never take a loan to invest in any coin.
Trading should be like that, if you don't want to experience mistakes then you can't do more valuable things, like trading, you have to practice first, learning about trading analysis techniques is very important
Newbies nowadays think that trading is very easy but when they jump in, it makes them feel trading is not for them. if you get hurt once and leave then you can never become a trader.
As a beginner u don't have to put all your investments in Cryptocurrency, or Cryptocurrency shouldn't be your main source of income!!! If u are starting a trade Make sure u start with what you know when you loss it won't really affect you!!! And you should never take a loan to invest in any coin.
Trading should be like that, if you don't want to experience mistakes then you can't do more valuable things,
like trading, you have to practice first, learning about trading analysis techniques is very important
Somehow many people still think trading is(or can be) a 100% thing and they can put all their money(including the amount that they need for living) into trading and have 20-30% more in their pocket for example next month, if it was anything even close to that many people would leave their day job for trading.
Let's just say you are one of those very small percentage of traders that are highly educated and know what you're doing and have a whole lot of experience, even in that case you can increase your chance of success in trading up to 70% or something like that and that means you could still lose money 30% of the time, so there is no full certainty in trading and the question is would you put the money that you need for living into something that is not going to even give you 80% assurance that you will get your money back?
Let's just say you are one of those very small percentage of traders that are highly educated and know what you're doing and have a whole lot of experience, even in that case you can increase your chance of success in trading up to 70% or something like that and that means you could still lose money 30% of the time, so there is no full certainty in trading and the question is would you put the money that you need for living into something that is not going to even give you 80% assurance that you will get your money back?
As a beginner u don't have to put all your investments in Cryptocurrency, or Cryptocurrency shouldn't be your main source of income!!! If u are starting a trade Make sure u start with what you know when you loss it won't really affect you!!! And you should never take a loan to invest in any coin.
I'm not sure he traded 10 BTC and then lost all of them, he didn't invest in scam projects and he didn't gamble either, so it is absolutely impossible to lose all his Bitcoin trading. Even though you lose, at least in trading you will still get returns, which in fact you are losing money because of wrong trading itself. I'm just not sure about the news, because if you only pair USD to BTC then even if you lose at least you will still cut your losses basically you still get your money back.
Is that even possible to lose that huge amount? He must be dumb if he lose it all in trading. I'm still wondering how he lose it. Even if you make some loses you can't just lose 10 BTC and why would he use that huge amount if he doesn't know what he's doing in the first place.
Many beginners are blaming others for what their lose but in the first place they are the one who decide what they can do. They need to know the risk once they enter to the crypto community because most of them now are rushing to their profit that possible to get they buying a coin without doing a research so they get wrong or shit coin of what we called. Once you invest to the coin you should not expect a lot because our expectation mostly is not we get.
I'm not sure he traded 10 BTC and then lost all of them, he didn't invest in scam projects and he didn't gamble either, so it is absolutely impossible to lose all his Bitcoin trading. Even though you lose, at least in trading you will still get returns, which in fact you are losing money because of wrong trading itself. I'm just not sure about the news, because if you only pair USD to BTC then even if you lose at least you will still cut your losses basically you still get your money back.
It's not impossible to lose all of those 10 Bitcoins. One thing that happened might be he used those bitcoins to buy crypto assets that are made to scam traders. Probably a token that has not been launched to any crypto exchange, and the thing is he used all of those bitcoins. That's the possible side. Be that as it may, the impossible side to lose all those btc is buying coins that has value, regardless if it's expensive or cheap.
I'm not sure he traded 10 BTC and then lost all of them, he didn't invest in scam projects and he didn't gamble either, so it is absolutely impossible to lose all his Bitcoin trading. Even though you lose, at least in trading you will still get returns, which in fact you are losing money because of wrong trading itself. I'm just not sure about the news, because if you only pair USD to BTC then even if you lose at least you will still cut your losses basically you still get your money back.
The amount itself is unbelievable but possible because I cannot think of other reasons for him to trade all of it without saving some part of his assets and to add it he has 10btc but i dont know if he got it from converting fiat into bitcoin but i dont think so because its also a lot of money, really a lot so im guessing he is good at trading because he have that much money so im really confused to why he lost all of it so to conclude maybe even good traders forget the rule of don't trade what you can't lose 
I'm not sure he traded 10 BTC and then lost all of them, he didn't invest in scam projects and he didn't gamble either, so it is absolutely impossible to lose all his Bitcoin trading. Even though you lose, at least in trading you will still get returns, which in fact you are losing money because of wrong trading itself. I'm just not sure about the news, because if you only pair USD to BTC then even if you lose at least you will still cut your losses basically you still get your money back.
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