Don't trade what you can't risk loosing - page 12.

CarnagexD

sr. member

Activity: 1498

Merit: 374

Leading Crypto Sports Betting & Casino Platform

Quote from: maxreish on April 08, 2020, 12:19:16 AM

That guy who hastily trade 10 btc and lose? That's his lesson to learned. When someone introduced me to this kind of field---trading, he also introduced the "risks" associated with it. It is not guaranteed that we will gonna win this battle because of our enemy- the volatile market. But I am always reminding myself not to trade amount that I wasn't be able to afford to lose. That really is effective.

We should always have a risk management plan in trading. And those who are losing much, reflect with past wrong trading actions and try again. Remember to take profits when you won and disregard greediness. That will lead us to be a good trader. We rely in our own actions nd decisions.

Today there are a lot of people pushing their selves to gain more profit into the world of cryptocurrency trading or even in fiat, and they are continuously going deeply into trading and losing their funds even it so huge already, and this is not a good habit guys always monitor if you win your not and also set limits on your self on trading, not all the time you get a profit on making market price prediction some of the people got it correctly and becomes a millionaire but still it is full of risk you cannot assure if you will get an income or not. Also, if you lose on your trading evaluate your self what the mistake you made and learn all about those wrong are decisions.

JustMyFewCents

newbie

Activity: 129

Merit: 0

Re: Don't trade what you can't risk losing, this old investment advise still holds true to this day and also applies to crypto in general as well.

maxreish

sr. member

Activity: 1330

Merit: 326

That guy who hastily trade 10 btc and lose? That's his lesson to learned. When someone introduced me to this kind of field---trading, he also introduced the "risks" associated with it. It is not guaranteed that we will gonna win this battle because of our enemy- the volatile market. But I am always reminding myself not to trade amount that I wasn't be able to afford to lose. That really is effective.

We should always have a risk management plan in trading. And those who are losing much, reflect with past wrong trading actions and try again. Remember to take profits when you won and disregard greediness. That will lead us to be a good trader. We rely in our own actions nd decisions.

DevilSlayer

sr. member

Activity: 1428

Merit: 358

Quote from: Yamifoud on April 05, 2020, 06:55:00 PM

Quote from: MCDev on April 05, 2020, 03:12:38 PM

Investing on the advice of others is a mistake that new people in the cryptocurrency market often make. The majority of people come to the cryptocurrency market for the purpose of speculating to make a profit and they usually have very little knowledge about this market.
Everyone needs to remember that the most important lesson is to make investment decisions based on their own research.

That supposed to be. The mindset of the people is to earn but they forget about losing. Well, that is the part of our crypto life, losing and gaining.
Before we have this investment, it is more likely we don't have enough knowledge about this thing that is why we keep learning and searching in order to fully understand the situation. If we are not ready for the consequences that might await us in the future, we better not to try this coz for sure you'll be disappointed.

It is the mindset why there are people who lose huge amount of money in trading. There are traders who only have a mindset of winning and not a mindset of losing and when they experienced losses, they cannot handle the stress that makes them to stop investing or trading. We should have different expectations before we trade in order for us to handle different situation especially if experience losses.

Andrew Parker

jr. member

Activity: 164

Merit: 2

I absolutely agree with trading through minimum risk. I usually prefer to invest 5-10% of my monthly income and play it safe. I work with FreshForex, where I get great advantage through low spreads, high leverage and many other benefits. I love it with their 101% Tradable Deposit Bonus to help me reduce the risk.

RealMalatesta

legendary

Activity: 2338

Merit: 1124

This has to be like number one thing that is available to every single trader, they should first check if they have double the amount of money saved somewhere aside before they can put in some money, if you want to deal with bitcoin trading and put in 1000 dollars into it, you first need to know if you have 2000 dollars saved aside that you haven't used in months, if you haven't used that 2000 dollars in months and haven't touched it at all, you can spend the extra 1000 dollars on bitcoin trading.

There was a dude who got a loan of 150k during 2017 peak because he didn't want to miss it, 150k, during 2017, that dude is still paying for that mistake. Obviously he was someone who made enough money to pay it all back even without selling anything since he was able to get that loan but that type of moves are definitely idiotic and should not be an option in your mind.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: coingecko on April 05, 2020, 01:09:37 PM

Especially dangerous for those who are trading on Futures or Perpetual swap markets. Becareful with your funds!

If you are trading futures there is nothing called safe. Futures and Options is a gambling market. It is literally trying your luck on whether the coin is going up or down in future and the stakes are pretty high here. Spot trading volume is much lower than what margin, futures have in volume. This shows that people have the money to put in these but the risk is also high.

Of course one should not trade what they cannot risk to lose, but when the thought of putting in 100$ to make 10k$ you would not stop putting in something from your savings. You have to decide what to do there.

Yamifoud

hero member

Activity: 2814

Merit: 518

Quote from: MCDev on April 05, 2020, 03:12:38 PM

Investing on the advice of others is a mistake that new people in the cryptocurrency market often make. The majority of people come to the cryptocurrency market for the purpose of speculating to make a profit and they usually have very little knowledge about this market.
Everyone needs to remember that the most important lesson is to make investment decisions based on their own research.

That supposed to be. The mindset of the people is to earn but they forget about losing. Well, that is the part of our crypto life, losing and gaining.
Before we have this investment, it is more likely we don't have enough knowledge about this thing that is why we keep learning and searching in order to fully understand the situation. If we are not ready for the consequences that might await us in the future, we better not to try this coz for sure you'll be disappointed.

hulla

hero member

Activity: 1834

Merit: 566

Quote from: ethereumhunter on April 05, 2020, 08:30:16 AM

I am sure he is regret to see all of his money gone in trading, and he will think about how he can get back the money. That is not advisable to try if you don't know anything about trading, any trading type, because you will get the same story as him. I prefer to hold that coin than to trade if I don't have skills or don't know about trading because that will be safe for me. At least, I can hope that bitcoin prices can increase in the future.

You may be right but even traders who are higly experienced as trading is concern also make debt and what i believe as the most vitals part of crypto trading/investment are not been greedy and knowing how to select the right coin once that is done the next thing require is holding even when the coin experience dump price till it bullish again.

MCDev

sr. member

Activity: 680

Merit: 255

Investing on the advice of others is a mistake that new people in the cryptocurrency market often make. The majority of people come to the cryptocurrency market for the purpose of speculating to make a profit and they usually have very little knowledge about this market.
Everyone needs to remember that the most important lesson is to make investment decisions based on their own research.

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

Quote from: Findingnemo on April 04, 2020, 02:26:43 PM

Don't jump into a pond, immediately after you see it because we never know how deeps is that that is what OP is trying to say.

There is also a proverb to this effect where I come from and it's loosely translated as - Don't test the depth of a river with both feet.

However, I like to point out from the OP that the story may not be chasing the clout. It could be a true life happening. There are certain people like that who are dare devil risk takers. They risk everything without putting something up by the side in case something goes wrong. They think life is in a straight jacket. But life isn't. UPs and DOWNs happen.

mdzahed134

sr. member

Activity: 2128

Merit: 259

SOL.BIOKRIPT.COM

Very sad, i think you shared about your own mistakes i mean most provably you invested 10 BTC to followed by someone's recommendation than lost money. It’s big mistake why invest in trade such big amount and even though unaffordable. Definitely this is your responsibility, because end of the day it’s your own assets. For starters, there are many things to learn from this advice i think.

Assface16678

full member

Activity: 1470

Merit: 135

★Bitvest.io★ Play Plinko or Invest!

Quote from: Sadlife on April 05, 2020, 08:08:20 AM

Most people get rekt because they lack the proper knowledge and fundamentals to start trading cryptocurrencies they skip all the stuff like TA, indicators and proper entry and stop loss. They just underestimate it, thinking it's easy to learn and they could make quick money in no time.

Most of the people today are make an investment to the trading that they are not fully prepared and that was not good because it can cause you towards to lose your assets let's say you won a single day but not all the time you win the game still you need to make a realization about the things you made wrong also don't risk your self about getting more wage in trading because it takes a lot of time and proper mindset when is the right time to make good trading also you must need to have a lot of understanding about the market graph of the coin most of the time the market movement gives you a lot of hints what are the next move of the graph to make more good decisions.

coingecko

member

Activity: 247

Merit: 40

Especially dangerous for those who are trading on Futures or Perpetual swap markets. Becareful with your funds!

bitbunnny

legendary

Activity: 2912

Merit: 1068

WOLF.BET - Provably Fair Crypto Casino

Quote from: xZork on April 05, 2020, 12:27:34 PM

This is probably advice for beginners, never invest based on anyone's advice.
Yes, our money and we need to be responsible for it.
All advice is for reference only, you can rely on it to research and make your decisions.

It's true, it's the basic rule to obey don't invest more that you can afford ro lose.
However, it's not only beginners that make such mistakes and often don't respect their limits. Sometimes trading can also be addicting and you can easily forget yourself thinking that with next buy you will profit and cover all losses. Selfcontrol and responsibility are very important.

xZork

hero member

Activity: 1249

Merit: 506

This is probably advice for beginners, never invest based on anyone's advice.
Yes, our money and we need to be responsible for it.
All advice is for reference only, you can rely on it to research and make your decisions.

Yourhomeboy

member

Activity: 174

Merit: 15

Quote from: sulendra12 on April 05, 2020, 07:59:53 AM

Quote from: spike420211 on April 04, 2020, 10:08:01 AM

If for beginners, then everything is clear, only it is unlikely that a large number of beginners will have an amount for trading in the amount of 10 BTC.

It's just an example tho, there is no way you would invest on 10 BTC if you need the money. It doesn't matter about the number as long as you are going to hold it, that's a conclusion that I got by reading the OP's post.

I'm pretty sure the OP is just giving an example to describe what the title is, so why people are getting butthurt right now lol

Definitely, i overlooked the reply, because this thread is forwarded to everybody in this forum. Some of our guests maybe close to making such move on trading. On the other hand, nobody is perfect in trading Cryptocurrency. I am not saying that all the users of this forums. don't know how to trade. Rather, i'm reminding people to be careful, concerning what is to be traded. Don't risk all, whether a pro or newbie.

Jateng

full member

Activity: 1337

Merit: 154

PredX - AI-Powered Prediction Market

He lose about 10BTC that a lot of money. He totally regret it at the end and I feel very bad for him if this is true. I think now after he lose this money he feel bad for himself. In my begging of trading is hard and if you have a plenty of money in your wallet it will drag down in the market if you only a few experience in trading. The excitement we feel while we're in the situation of making order. Now, I'm learned from my mistakes. I always manage my portfolio and always set the amount that I afford to lose.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

I am sure he is regret to see all of his money gone in trading, and he will think about how he can get back the money. That is not advisable to try if you don't know anything about trading, any trading type, because you will get the same story as him. I prefer to hold that coin than to trade if I don't have skills or don't know about trading because that will be safe for me. At least, I can hope that bitcoin prices can increase in the future.

Quidat

hero member

Activity: 2688

Merit: 540

DGbet.fun - Crypto Sportsbook

Quote from: Yatsan on April 05, 2020, 12:01:17 AM

Quote from: Oceat on April 04, 2020, 05:32:29 PM

Of course people should have to understand first how trading is risky especially if they don't have a single knowledge about it. It's just like walking in the dark without a single light. Anyone who wants to try trading should have a better understanding about the theory of what they are going to trade either stocks or cryptocurrency. It may not that easy but those who succeeded did their own research and learn their own lessons before they reach where they are right now.

Trading blindly without knowledge is like gambling, so why trade without knowledge while you can gamble with a same amount of risk? If you are in trading maximize the knowledge considering that the knowledge is your leverage there because, the more you know the more the risk is going to get low. Trade what you can risk only if you are just new to it, but afterwards you will enjoy it considering that the longer the experience you are having the more the knowledge you are acquiring.

Its really a gamble since you dont know on what you are doing then its just like playing dice and just waiting for the result.If your lucky then
you might able to profit when the market movement goes into your favor but if not then thats an easy lose.Its totally different when you do
know on what you are doing and of course you should be prepare or ready to lose money because on any investment it do correspond or having
a risk.

Topic: Don't trade what you can't risk loosing - page 12. (Read 1758 times)