Don't trade what you can't risk loosing - page 8.

nicolas1979

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Quote from: Yourhomeboy on April 04, 2020, 08:50:06 AM

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.

Have plenty asset ( btc ) not guarantee you'll get profit and every strategy have their own moment include " hold ". I believe you need to learn risk management and see how the market condition right now, is it good for hold ( long ) or daily ( short ) strategy?. Trader/ investor responsible with their own asset no need to blame anyone or anything if loss, evaluate, fix the strategy and try again.

Freny250

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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

Bezobraznike

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Quote from: xenxen on May 01, 2020, 12:11:59 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..

This is a good advice Xenxen, but people don't like to read and learn and spend time doing that,
people want to make profit right away. I think the same people are not aware of the risk factor,
they think the only thing they need to do is to register, deposit money and every trade they make
will be profitable! But we know that it's not easy as it sounds!
It's impossible to make some statistic about it, but I believe that 90% of new traders lose money
in first couple months, before they actually learn something and start making profit!

xenxen

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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..

Quidat

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Quote from: nicolas1979 on April 29, 2020, 09:06:35 PM

Quote from: Yourhomeboy on April 04, 2020, 08:50:06 AM

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.

Have plenty asset ( btc ) not guarantee you'll get profit and every strategy have their own moment include " hold ". I believe you need to learn risk management and see how the market condition right now, is it good for hold ( long ) or daily ( short ) strategy?. Trader/ investor responsible with their own asset no need to blame anyone or anything if loss, evaluate, fix the strategy and try again.

You would find it for yourself on what kind of system would suit you even others do tell about hold but you can actually handle out on doing active trade and make out money on daily movements or weekly swings.It will vary on your skills and capability on how you do deal up with the market because not all would have the same skills and even someone suggest up to do that thing it doesnt mean
that it would give out profit nor benefit you.You do have your own will on things that you should gonna do since its your money after all.

carlisle1

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Quote from: nicolas1979 on April 29, 2020, 09:06:35 PM

Quote from: Yourhomeboy on April 04, 2020, 08:50:06 AM

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.

Have plenty asset ( btc ) not guarantee you'll get profit and every strategy have their own moment include " hold ".

Lol HOLDING guarantees you profit if you can take a long waiting time and not to expect profit in short period of time and that is reality ,we have seen that from the early adopters .

Quote from: nicolas1979 on April 29, 2020, 09:06:35 PM

I believe you need to learn risk management and see how the market condition right now, is it good for hold ( long ) or daily ( short ) strategy?.

risk management applies to everyone but with limitations and capacity.

Quote

Trader/ investor responsible with their own asset no need to blame anyone or anything if loss, evaluate, fix the strategy and try again.

Who is blaming here?lol no one can blame anyone as this is our money and our own decision making.

princerepon

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Quote from: Kasabus on April 09, 2020, 11:04:00 AM

Quote from: princerepon on April 08, 2020, 06:19:46 PM

Of course this is the first rules for trading "Don't trade what you can't risk loosing". And many people in this thread learn from their mistakes. Specially those people whom knew crypto currency before 2018. I agree also that holding is much safer than trading. Holding bitcoin is totally safe but if you try to hold altcoin then you have to think twice which altcoin are you holding. Choosing wrong alt is very dangerous for hold. 10 BTC at this moment really valuable. I will recommendation to new traders that "calculate the amount of water before you jump in to the pond".

Trading is risky if you are not sure of what you are doing. But if you trade with much preparation, gained a lot of knowledge from different experiences, it will surely lessen the risk in trading. As long as you trade only with the amount you can afford to lose, then there's no wrong with it. Trading is not making profits all the time, sometimes it will also make you lose.

Yes i totally agree with you. Patience and not being a greedy are also important part to become a good trader i think. Sometimes we loss our asset because of those two things. Trading is that platform where you can not finished your lesson ever. That's why learning is not just enough for being good a trader you need also collect experience from your own mistakes.

Wallflower28

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Quote from: chip1994 on April 25, 2020, 02:24:01 AM

This is really a true saying. If your total amount is $ 5000, you should only divide into 5 similar accounts with each account being about $ 100. then you will be very comfortable in trading and think that the money is small and you can execute your trading plans in the best way. then our chances of winning will be higher because we are more confident. This is also one of the tricks that I often use to reduce the psychological pressure of my trading. It is quite effective for Big short or Big long shots and you will be able to optimize profits.

I think the answer would be 1000 usd than 100 usd. Lol
But your thoughts are correct. Imagine of you pour all of your assets into 1 stock/coin. It probably mess you up when it dumps. If ever you lose for a certain amount, I think the next trade will be more good for you because human have a conclusion always when their lose.

Dr.Osh

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Quote from: shoreno on April 25, 2020, 01:32:42 AM

there are also risk in hodling or investing . the risk is that your money can decay overtime whenever the value of your chosen crypto decrease and the situation can get worst once you begun panicking because mainly this leads to unwanted selling . not all the time you are going to hold your coin but you also need to sell or trade this later on for profits . lastly the guy can be newbie or not dont have many experience yet when it comes to those things so why say mistakes like that are not welcome ?

both of these do have risks. but, the difference lies in, when trading, you can cut loose when prices start to fall quickly while investing, you can not do anything about your funds for a specified time limit. Well, it's just that, everything will calm down when you don't invest with everything you have. I also sometimes use 10 to 20% of the funds that I use only for trading. after that, I will develop my funds from the profits from it.

Latviand

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Quote from: Twentyonepaylots on April 04, 2020, 01:35:33 PM

Quote from: Findingnemo on April 04, 2020, 01:26:43 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.

But isn't that too obvious to post tho? I mean every one has got their thing to lose, and that includes every thing they have got. It's pretty obvious tho that you can't put a risk on something you can't afford to lose, although sometimes there are instances but that's out of trading anymore.

Quote from: Findingnemo on April 04, 2020, 01:26:43 PM

Well, people who have money and wanted to multiply then into more in short time may find crypto is a real opportunity but they don't understand the risk behind trading cryptos so they lose more.

I agree, I have done it once I almost tripled my money in just a day because of a single trade Grin

but the risk is too high for that I'll never do it again I swear. Crypto is for every one but trading? Uh oh no it's not.

With that mindset, it is necessary for you to always keep in mind that minimizing the risk of loosing is really helpful for you to have an effective trading career. Don't trade what you can't afford to lose because regret will always come after you.

Regretting what you've lost is really stressful and can affect your mental health, that's why you need to have a certain amount where you can trade without any regret and you're comfortable with that amount and also gives you profit. Crypto is not that easy to trade because there is something more importance about a crypto and its value differ from every country but not in the market.

It is normal in trading to lose a certain amount of money but it is in you on how much money you will lose when you don't have any strategies in trading. Stop loss is also effective in minimizing the risk of losing your money in trading you just need to read some information about that and how it will help you in trading.

bearexin

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I can't believe this has to be said but this is something that smaller investors can't really understand when they look at the bigger whales who do take risks bigger than themselves. Think about it, wall street may go bankrupt and they will be bailed out anyway, so they have zero worries about being wrong and they take the most riskiest approach to investing there could be, equal of me going into bitcoin leverage trading with 100x and putting ALL my money there all at once.

The difference is, if I lose my money there is no coming back, I will have to live a financially ruined life for a while before I can get back, even if I can get back, wall street doesn't have to, they just fire some people, get bail money, restart again and keep doing the same things.

chip1994

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HEX: Longer pays better

This is really a true saying. If your total amount is $ 5000, you should only divide into 5 similar accounts with each account being about $ 100. then you will be very comfortable in trading and think that the money is small and you can execute your trading plans in the best way. then our chances of winning will be higher because we are more confident. This is also one of the tricks that I often use to reduce the psychological pressure of my trading. It is quite effective for Big short or Big long shots and you will be able to optimize profits.

shoreno

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there are also risk in hodling or investing . the risk is that your money can decay overtime whenever the value of your chosen crypto decrease and the situation can get worst once you begun panicking because mainly this leads to unwanted selling . not all the time you are going to hold your coin but you also need to sell or trade this later on for profits . lastly the guy can be newbie or not dont have many experience yet when it comes to those things so why say mistakes like that are not welcome ?

lokminstol

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pankaj1234

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Trading is always risky in today modern world because these days every person want quick money. In trade I have been seen that after some days or some month coin has moved up so you have to be patient when you open a trade. Trade is risky with your mind but it is pure money without any hard labour job. Sometimes share will go lower you will loose your money.
Please trade the money you can afford to loose otherwise you might face big problems in your life.

Innerpumper

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Quote from: kotajikikox on April 05, 2020, 02:17:15 AM

Quote from: Yourhomeboy on April 04, 2020, 08:50:06 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.

so whats the purpose of this thread?you did not even share the tweet about that person you are mentioning but continues to discuss ?

and who is stupid to expect 1000x profit?

sorry but people here now is not like what you think and looking for that high Income is a suicide lol.

Finding a profit of 300X will only be frustrating. Try to trade with a small profit but consistently better. No true trading is properly spent. Just having very big losses does exist because of the greedy flavor when making the decision.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: yupi84crypto on April 15, 2020, 06:21:08 PM

I agree that in trading use capital that we can afford to lose.

Its like a necessary evil. You cannot stop the habit of putting in your money in something that dropped a lot because you know it is going to go up and this is your chance which if you miss you are less likely to see again in future. Imagine having the ability to buy bitcoin at 3digit prices at this time everyone would start buying it.

Quote

Because trading is not as easy as we imagine, the risk is very high.

Whatever in this world that gives high rewards has high risks. It is a sort of balance.

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Sometimes the market can change drastically and this can make us lose money. Indeed, by trading we can make profit up to with 1000x, but that is not easy to achieve. Good analytical skills are needed, so first improve our analytical skills.By increasing practice.

1000x profits a rare though. Even with bitcoin maybe if someone bought at 1$ then it would be true. But how many do you think did so? Most them were happy with 50x or 100x gains and possible sold off majority of their stock bought at such low price.

Best Dreams

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Quote from: bitgolden on April 13, 2020, 09:24:20 AM

Quote from: milewilda on April 13, 2020, 07:46:50 AM

Risk is always present because if theres no risk then theres no profit that we can make.This is why experience and skills would be crucial

To handle volatility of market better, we must need to experience similar situation at least once so that we will not get panic on facing unexpected market movements. Yes, this is what all about experience in trading and when you're gaining experience you can sharpen your skills required for better trading at the same time regardless of how good you are when learning from books. I mean everyone must have to struggle with unexpected market fluctuations at least once so that they can make use of those experience for their rest of life in trading.

Quote from: milewilda on April 13, 2020, 07:46:50 AM

we know that dealing with volatile market is never been easy but somehow can really be handled out when you've gain enough info and exp on how thing goes.

Not easy only when we are new to market fluctuations and I believe that all the professional traders must be loving fluctuating market conditions so that they can make more profits out of every swing.

Agree with you those who are good investors and who has good trading skills waits for the time when the will fluctuate so when they see that market is now moving so they buy it at lower price and sell again at higher price. So investors will have to take risk if they want to earn from trading and being aware of market fluctuating to take advantage reduces the risk if lose.

Subbir

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As you rightly said haste always puts you at an obstacle For this reason you ought to keep your head cool without hurrying to trade Trading is simply as difficult that's why you would like to find out the way to trade your talents by analyzing different places. Trading charts got to be analyzed well and after seeing the market well and investing in currency then risk are often avoided.

Quidat

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Quote from: hahay on April 14, 2020, 12:58:06 PM

Quote from: ololajulo on April 14, 2020, 11:57:33 AM

People are getting quiet on this advice in cryptocurrency cause the greedier you are in good crypto project the higher the reward/profit. The greater challenging thing is the time to take profit, patience is require in cryptocurrency. It is a not get-in and get-out investment, similar to stocks but have higher security. Every successful man had the gut for risk and we just need to learn to take risk with enough information

Therefore, taking risks sometimes and may be required by anyone if you want to achieve success, because with the courage to take risks then at least we will be more serious and disciplined in many ways before starting and ready to wait longer when the market suddenly collapses due to the situation which is unpredictable like this year. So, I believe that taking risks is indeed necessary, because if you only go according to your comfort zone, then in the end the steps will be difficult for us to achieve success.

We can really differentiate between the things you do get involved when you are in or out into your comfort zone.
We know that taking risk does really give out the chance or opportunity that can give out more earnings rather than on playing safe
or you do just tend to sit aside and afraid on going further or taking one more step.

Well, people should be sure first before taking any steps and dont rush because this will just lead to mistakes.Its unavoidable
but once you do gain experience you can actually lessen it down.

Topic: Don't trade what you can't risk loosing - page 8. (Read 1758 times)