Don't trade what you can't risk loosing - page 7.

Aaroenz0r

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Quote from: TheUltraElite on June 01, 2020, 12:42:30 AM

Quote from: culuuton on May 18, 2020, 02:00:04 AM

This is a valuable lesson, 10BTC too expensive, many people will be stressed. You are right, we need to determine exactly how much we can lose, it is very important to help us not lose confidence in our investment plans.

Ten is just a number is it not? For some people 10BTC is nothing but for some other people a double digit bitcoin figure is a big deal.

Of course I dont believe that the person lost 10BTC completely without having bought something because it is a trading and if Spot trading they definitely bought some altcoin with it. If they went for margin trading on the futures market like bitmex then it is a type of gambling but possible to lose the complete capital.

Now it is stupid to trust a "influencer" on social media. People who trust them are fools in the first place and thus I would question how they acquired 10BTC in the first place? Still it does not make it any good and people should do their own research for trading.

Critical!! You don't lost your capital when you trade, it's just another sense of inefficient trading. You choose to trade BTC with another coin that doesn't have enough potential to bring you expected profit. However, you just "trade", you don't "throw" anything. You trade BTC with another coin, that's what you have. In the other hand, if you choose gambling like margin trading such as Bitmex. That's your call, some people are still too fool to know that gambling can't bring you profits in the long-term way.

Dr.Osh

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Quote from: cytpoway121 on May 17, 2020, 07:09:00 PM

You are very correct OP, it is not limited yo trading but to every form of investment, always ensure you invest an amount you are able to bear its loss, do not borrow to trade or invest and always trade with core knowledge and emotional balance

it's only natural if we invest in assets that we can sacrifice. we will not know what risks we will face in the future, because in the world of commerce, everything is possible. so far, I've noticed a lot of people who quit because they invest so unnaturally, that they are even willing to go into debt. however, this is a solution for the beginning of trading.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: culuuton on May 18, 2020, 02:00:04 AM

This is a valuable lesson, 10BTC too expensive, many people will be stressed. You are right, we need to determine exactly how much we can lose, it is very important to help us not lose confidence in our investment plans.

Ten is just a number is it not? For some people 10BTC is nothing but for some other people a double digit bitcoin figure is a big deal.

Of course I dont believe that the person lost 10BTC completely without having bought something because it is a trading and if Spot trading they definitely bought some altcoin with it. If they went for margin trading on the futures market like bitmex then it is a type of gambling but possible to lose the complete capital.

Now it is stupid to trust a "influencer" on social media. People who trust them are fools in the first place and thus I would question how they acquired 10BTC in the first place? Still it does not make it any good and people should do their own research for trading.

Lorence.xD

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Quote from: cytpoway121 on May 17, 2020, 07:09:00 PM

You are very correct OP, it is not limited yo trading but to every form of investment, always ensure you invest an amount you are able to bear its loss, do not borrow to trade or invest and always trade with core knowledge and emotional balance

The reason that people are losing when it comes to trading is because the people who introduced them trading or investing is that they never specify that it is a slow process and that there are so many risk, these people are not to be blamed though because they didn't know it too, they are as innocent the people who want to embark on a trading and investing journey. The real fault lies on the individual because they are to blinded by the riches that the endeavor promises, remember that all that glitters is not gold. We can always put our mind into it if we want to become successful in these, we must constantly remind ourselves that trading and investing means growing.

Shallow

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Quote from: Yourhomeboy on April 04, 2020, 09:50:06 AM

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.

That's true and which is why it is very important to first educate someone or rather a newbie on what lies in the crypto space, at least that's the best someone can give to a potential trader; with this little education there is every possiblity the potential trader will make his research and seek for trading knowledge since he wouldn't want to lose his funds at that early stage. Nevertheless, there are still people who understood the crypto trading in a wrong way, paid the price and then became better . Lastly, I will say, everything is all about mindset, once the right mindset is there success in trading will be achieved, in addition, trading with an amount that one can afford is very important especially as a new trader.

culuuton

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Quote from: cytpoway121 on May 17, 2020, 07:09:00 PM

You are very correct OP, it is not limited yo trading but to every form of investment, always ensure you invest an amount you are able to bear its loss, do not borrow to trade or invest and always trade with core knowledge and emotional balance

This is a valuable lesson, 10BTC too expensive, many people will be stressed. You are right, we need to determine exactly how much we can lose, it is very important to help us not lose confidence in our investment plans.

cytpoway121

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You are very correct OP, it is not limited yo trading but to every form of investment, always ensure you invest an amount you are able to bear its loss, do not borrow to trade or invest and always trade with core knowledge and emotional balance

Kelvinid

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Quote from: royalfestus on May 01, 2020, 04:26:58 AM

Old say in cryptocurrency but most people still risk loosing all.
1. I will say dont put fund that is not yours in the space, dont borrow to invest in cryptocurrency,
2. dont invest at the expense of the family,
3. dont put all your fund in one or 2 projects (spread it)
4. Risk your fund in reliable projects
5. Learn enough about security of the space and taking profit

It is all on the list and I hope newcomers will take some time to review these things before deciding to risk their money. It is a must to know also what would probably be the consequences we get in here knowing that the risk is high compared to the other form of investment and that is why we should be prepared for anything it cost. We can't neglect this thing to happen in real life and that we think of easy money and fast ROI, it should have to change.

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Quote from: BitcoinTurk on May 17, 2020, 03:06:21 PM

You should never have encouraging or misleading dreams that you see on social media, you should not trade with their dream. In particular, you should not use the money you will need in the short term or trade with debt. I would like to tell you about the painful experience I had last.
I came across a very nice trading training on Youtube and watched it all. After watching this tutorial, I made several transactions with a trial account and was successful. Afterwards, I started trading with a 2000 euro loan because I was a student and did not have enough savings. Everything was very nice at first, I was earning almost all my transactions. Then, with the motivation of this event, I started trading without using stop loss and lost all my capital in a single day. Here, I actually did not make a mistake here, I made my first mistake when I started trading with debt money. Therefore, I do not recommend you to trade without your own accumulation and unless there is an amount that will bother you in case of loss. Now I am paying that debt every month with the interest, and I will probably finish my installments in the next 12 months.

Thats sad to hear out and thats the main reason on why i dont really consider on taking a loan or even borrowing to my friends when it comes to investment.

We know the risk behind into these kind of investment and we cant be sure if we would able to make money or profits from time to time.I had experience with that demo thing where

it do make me feels like im getting rich in a short span of time but we know that reality doesnt work that way until you experience it and do have some regrets in the end.

BitcoinTurk

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You should never have encouraging or misleading dreams that you see on social media, you should not trade with their dream. In particular, you should not use the money you will need in the short term or trade with debt. I would like to tell you about the painful experience I had last.
I came across a very nice trading training on Youtube and watched it all. After watching this tutorial, I made several transactions with a trial account and was successful. Afterwards, I started trading with a 2000 euro loan because I was a student and did not have enough savings. Everything was very nice at first, I was earning almost all my transactions. Then, with the motivation of this event, I started trading without using stop loss and lost all my capital in a single day. Here, I actually did not make a mistake here, I made my first mistake when I started trading with debt money. Therefore, I do not recommend you to trade without your own accumulation and unless there is an amount that will bother you in case of loss. Now I am paying that debt every month with the interest, and I will probably finish my installments in the next 12 months.

bearexin

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Quote from: xenxen on May 01, 2020, 01:11:59 AM

before you start in trading make sure you have full knowledge in this and dont put huge money in the first trading.. some newbie trader put there huge money first then practice assuming a huge profit immediately..

Yes, one thing I have come to understand is that most people that are coming here are just interested in making quick money, especially at this time that there is a pandemic, most people I have came across are always talking about how they can make lots of money through cryptocurrency, and they say if not that, then it's fake and all that. It is really annoying.

My phone keep blasting up on WhatsApp because of these people, and they are always saying that I should teach them how they can make money right now with Bitcoin , I just laugh at them. It's people like these that get into cryptocurrency and invest all their money with hopes to trade and double it in a twinkle of an eye lol.

pragna

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Quote from: Yourhomeboy on April 04, 2020, 09:50:06 AM

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.

Yes, this is correct. We should not invest without any research of my own but maximum time we did it and loose our valuable money. Actually many men does not know about BTC or cryptocurrency details. They see only graph of market but they did not know the fluctuation of market. So i must say to investors please make your investment when you will see good roadmap of any project or coin and you can also talk with team with telegram.

thanks.

adzino

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Lol, he lost all 10 BTC? I would say that's bullshit and probably he didn't even invest anything. You should be next level stupid if you lose all 10 BTC during trading. Like did he just choose one coin and go all in? If someone sees that he is not making profit and starts to make huge loss, then if he is a sane person, he would just sell whatever he bought and save himself from further loss.
Even if you can afford to lose, don't make stupid trades/investments.

miningguru

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Quote from: lienfaye on May 12, 2020, 02:04:26 AM

Quote from: royalfestus on May 01, 2020, 04:26:58 AM

Old say in cryptocurrency but most people still risk loosing all.
1. I will say dont put fund that is not yours in the space, dont borrow to invest in cryptocurrency,
2. dont invest at the expense of the family,
3. dont put all your fund in one or 2 projects (spread it)
4. Risk your fund in reliable projects
5. Learn enough about security of the space and taking profit

I agree with these tips, diversifying can minimize our chances to lose our capital because if our other investment didnt turn out well we still have other investments to count on. Thus it would be better to not focus on one coin but consider diversifying. Plus the number one rule is dont invest what you can afford to lose, no matter how profitable crypto investing its always associated with risk and no guarantee of sure money so better to be safe than sorry.

That is what everyone should assume, of course, crypto investing is profitable, but there is a huge risk involved in it. We should be very careful with the coin we are choosing, we should always diversify to different other things which have huge potential and we should always keep our profits in the same place otherwise it is impossible for us to survive in the crypto market.

lienfaye

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Quote from: royalfestus on May 01, 2020, 04:26:58 AM

Old say in cryptocurrency but most people still risk loosing all.
1. I will say dont put fund that is not yours in the space, dont borrow to invest in cryptocurrency,
2. dont invest at the expense of the family,
3. dont put all your fund in one or 2 projects (spread it)
4. Risk your fund in reliable projects
5. Learn enough about security of the space and taking profit

I agree with these tips, diversifying can minimize our chances to lose our capital because if our other investment didnt turn out well we still have other investments to count on. Thus it would be better to not focus on one coin but consider diversifying. Plus the number one rule is dont invest what you can afford to lose, no matter how profitable crypto investing its always associated with risk and no guarantee of sure money so better to be safe than sorry.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: xenxen on May 01, 2020, 01:11:59 AM

before you start in trading make sure you have full knowledge in this

Practically speaking nobody has full knowledge before starting trading, but the point is that entering the market at zero knowledge about anything is a bad practice. Because someone told you to buy some coin you have never heard of does not make it a 2nd to bitcoin. But we have fools who act like this.

Quote

and dont put huge money in the first trading.. some newbie trader put there huge money first then practice assuming a huge profit immediately..

One can do dummy trading for a few months to get and idea of how the market works. Side by side putting in real capital to start trading would work, but one should be careful how much money they are putting in cryptocurrencies because there are other sectors to invest too and that does not mean altcoins. Newbies should stay away from altcoins, for them crypto should be limited to only bitcoin.

royalfestus

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Old say in cryptocurrency but most people still risk loosing all.
1. I will say dont put fund that is not yours in the space, dont borrow to invest in cryptocurrency,
2. dont invest at the expense of the family,
3. dont put all your fund in one or 2 projects (spread it)
4. Risk your fund in reliable projects
5. Learn enough about security of the space and taking profit

rodskee

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Quote from: slaman29 on May 01, 2020, 03:18:41 AM

Quote from: Freny250 on April 30, 2020, 01:48:35 PM

This is so true many traders just enter into any trade just because they have a good feeling that the trade will go well, they invest amount that they can not loose , thereby they become so inpatient and nervous to get profit ans cash out which them leads to them incurring more loss and not recovering form it. Trading needs patience and a clear mind that is why its Important to invest amount you can afford to loose this wi help you be patient and maximize profit

It's worse than that actually. At least some traders go in having a good feeling. Some go in believing 100% that some stupid signal they paid for or some Telegram group they got invited into promised them that the trade would pump. So they go in, waiting for shit to happen and then they get dumped on over and over again.

Those groups in telegram and Facebook are not been tolerated now,people here are now
aware of misleading from these groups thats why
i believe no one will fall from those scammers.and also if you are really concern to your money
then you’ll never let anyone to dictate you if which
currency to buy instead use your brain and skills to find which is deserving,after all this is your money and you can blame anyone if you lose.

slaman29

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Quote from: Freny250 on April 30, 2020, 01:48:35 PM

This is so true many traders just enter into any trade just because they have a good feeling that the trade will go well, they invest amount that they can not loose , thereby they become so inpatient and nervous to get profit ans cash out which them leads to them incurring more loss and not recovering form it. Trading needs patience and a clear mind that is why its Important to invest amount you can afford to loose this wi help you be patient and maximize profit

It's worse than that actually. At least some traders go in having a good feeling. Some go in believing 100% that some stupid signal they paid for or some Telegram group they got invited into promised them that the trade would pump. So they go in, waiting for shit to happen and then they get dumped on over and over again.

BD Money365

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When we will switch our belief about crypto as a stake than we will come off in the crypto investment and The popularity of crypto will multiply more. constant altogether countries will contemplate of crypto as positive.
We must every time maintain a probability management design in trading. And individuals who are down much, consider with ancient ill-treat trading procedures and hear again. recollect to choose profits as soon as you won and disregard greediness. That will guide you to be a accomplished trader. We rely in our confess measures and decisions.

Topic: Don't trade what you can't risk loosing - page 7. (Read 1758 times)