Enter the market with a loss mindset~what you can afford to lose - page 2.

tygeade

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Quote from: TheUltraElite on August 05, 2022, 03:45:44 AM

Quote from: sovie on July 25, 2022, 11:48:24 AM

The point you have mentioned - about investing money - and losing it instantly is very correct. MY friend lost approx 5000$ in a jiffy.
But that is with every business - you can either be a king or you can be looser, there is hardly any middle line in it.

The losing is a lesson for many people. Those who are willing to take the risk understand gradually that taking risks is not always profitable while less risky steps are possible.

The wrong step is investing in coins that have never been known to public and then putting in a lot of money in that. Don't expect such coins to go big, you will make a mistake.

While there are people earning a lot from such risks knowing where to stop is important too.

If you know where you are looking at then you would know why you lost. I remember when I first started learning about trading, I learned a way and I learned it so backwards that each time I picked a coin, that ended up going down directly, not up.

The market wasn't that bad neither, but turns out I was looking at the other way around, so what I should be looking at was exact opposite, and not what I looked at. This caused me to lose only tiny bit of money but I flipped it on the other side and made a good amount of money that way. This is of course not a guaranteed thing, hence why I do not believe that it should matter all that much, but you need to go back and learn like I did.

Mauser

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I fully agree with you, excepting to make a profit as soon as we buy a coin is not realistic. The market is very volatile right now and we need to prepare ourselves to make get affected by sudden movements. As long as we are not selling we are not realising our loss. That is why the HODL strategy is so good for any new investor. With it we are not facing the risk to sell a coin at the wrong time. Personally I keep around 80% of my crypto coins in a long term wallet with sole purpose of HODL. Only in case of a emergency I would consider selling some. The remaining 20% I use to trade more actively and gamble with it. Over the years HODL has been a very successful investment strategy and it helps to reduce the stress when prices are falling, we don't need to listen to our brain telling us sell as soon as a position is red.

lalabotax

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Enter the market with a loss mindset~what you can afford to lose

Can you explain the title?
Do you mean "Use the money that you can afford to lose" is a loser mindset?
TBH, I don't see something wrong with this mindset, it is only a secure way to use your funds in crypto investment or trading.

Since no guarantee to succeed in crypto investment or crypto trading, it is very risky to use your main money. Avoid using excessive funds is a true way to be safe, we can minimize to lose huge money in this way. You don't think that all people are smart enough to invest, some still need time to learn. Especially for newbies, using free money is an ideal way of investment/trading.

taufik123

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Quote from: mayfair_coin on August 05, 2022, 08:16:46 AM

I also agree that there has been a downturn in the cryptocurrency market and no one wants to buy expensive and sell cheap, so for this u have to be patient that if the market goes down then do not panic after seeing that what will happen now if u sell now otherwise it will be loss, if they put their mind then they can make profit

everytime I read posts of member I feel envy - people have so much resources and they have so much savings to spend on entertainment.
we don't have such saving to spend on entertainment many people live pay cheque to cheque and that is how they manage their living.

why have feelings of envy towards other people who have a lot of resources and few savings. They have also been in your position and of course to get many of these resources requires process and patience. You just need to invest and grow those investments. If we only complain and compare our lives with others, nothing will grow.
Getting the results of losses or profits is normal, we must be able to control what comes out and can manage what comes in.

mayfair_coin

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I also agree that there has been a downturn in the cryptocurrency market and no one wants to buy expensive and sell cheap, so for this u have to be patient that if the market goes down then do not panic after seeing that what will happen now if u sell now otherwise it will be loss, if they put their mind then they can make profit

sumant

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In market like crypto this losing minedset is always necessary because of crypto has come very down that everyone has make some loss. In crypto when you put money you should be ready for any losing because in crypto anything can happen. In crypto we put only that money that we afford to loose. If you take more risk then you will find more loss.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: sovie on July 25, 2022, 11:48:24 AM

The point you have mentioned - about investing money - and losing it instantly is very correct. MY friend lost approx 5000$ in a jiffy.
But that is with every business - you can either be a king or you can be looser, there is hardly any middle line in it.

The losing is a lesson for many people. Those who are willing to take the risk understand gradually that taking risks is not always profitable while less risky steps are possible.

The wrong step is investing in coins that have never been known to public and then putting in a lot of money in that. Don't expect such coins to go big, you will make a mistake.

While there are people earning a lot from such risks knowing where to stop is important too.

sovie

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Quote from: kapalmabur on July 30, 2022, 07:52:09 AM

Quote from: Ziskinberg on July 30, 2022, 06:59:31 AM

Quote from: sovie on July 30, 2022, 05:26:17 AM

I think one cannot afford to loose even a single penny of the hard earned money.
This is the time when we are struggling with inflation - I think rather than losing the hard earned money one can help someone struggling with inflation.

As to the moment that you tried trading, it means that you are not afraid to lose your money whether it was hard-earned money or not as in general, that was your money. What lies to us is our decision to continue after suffering losses or to give up. If the reason why we have to continue trading is to chase our losses and get our money back, that was certainly a wrong idea and I don't encourage that. We don't have to be disappointed with all the losses we get but instead make this a reason why we should have to focus on learning to trade and make practice analyzing the market in order to have a better trade.

That's true because basically losing money is also part of trading and it's inseparable,
that's how trading is and we can't keep making profits,
don't make a loss or lose money as a step to give up and it's better to use it to learn so that in the future you can trade more optimally

Losing your hard earned money is not an easy thing.
At least I don't have a stamina to lose any money - I am not sure how people are courageous enough to lose their money.

kapalmabur

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Quote from: Ziskinberg on July 30, 2022, 06:59:31 AM

Quote from: sovie on July 30, 2022, 05:26:17 AM

I think one cannot afford to loose even a single penny of the hard earned money.
This is the time when we are struggling with inflation - I think rather than losing the hard earned money one can help someone struggling with inflation.

As to the moment that you tried trading, it means that you are not afraid to lose your money whether it was hard-earned money or not as in general, that was your money. What lies to us is our decision to continue after suffering losses or to give up. If the reason why we have to continue trading is to chase our losses and get our money back, that was certainly a wrong idea and I don't encourage that. We don't have to be disappointed with all the losses we get but instead make this a reason why we should have to focus on learning to trade and make practice analyzing the market in order to have a better trade.

That's true because basically losing money is also part of trading and it's inseparable,
that's how trading is and we can't keep making profits,
don't make a loss or lose money as a step to give up and it's better to use it to learn so that in the future you can trade more optimally

Ziskinberg

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Quote from: sovie on July 30, 2022, 05:26:17 AM

I think one cannot afford to loose even a single penny of the hard earned money.
This is the time when we are struggling with inflation - I think rather than losing the hard earned money one can help someone struggling with inflation.

As to the moment that you tried trading, it means that you are not afraid to lose your money whether it was hard-earned money or not as in general, that was your money. What lies to us is our decision to continue after suffering losses or to give up. If the reason why we have to continue trading is to chase our losses and get our money back, that was certainly a wrong idea and I don't encourage that. We don't have to be disappointed with all the losses we get but instead make this a reason why we should have to focus on learning to trade and make practice analyzing the market in order to have a better trade.

sovie

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Quote from: abel1337 on July 25, 2022, 06:11:07 PM

Quote from: LUCKMCFLY on July 24, 2022, 04:11:09 PM

Quote from: Kelvinid on July 04, 2022, 06:10:12 PM

Investing in crypto is a joke, you'll lose your money instantly if you got it wrong. That is why if we are in the plan investing be sure that we are aware of what might happen to our money as it is either it grows or loses all. Keeping in mind that we are facing high risk, we can't just think all about the negative but have to urge ourselves to stay positive despite everything negative we've heard. We have to step up and level up our mindset as this will have a huge impact on our decisions.

Yes, I have a way of trading that I apply to gambling, and that is that I only have a certain balance to make my operations, I never put more or less money to make my operations, in trading I usually risk a little more ,+more money than in gambling, but I have seen many friends who take trading as if it were gambling, they only enter guessing without any foundation, and most of the time they lose, because they have no idea what can happen. do or spend in the market, and this is something that always happens.

Same, I am also doing the same thing. Putting capped on a budget is a necessary thing to do in what ever activity we are doing whether it's Trading, Gambling and Investment. We should have a balanced budget on things we are doing. In my case I have allotted more budget on gambling, I don't go beyond my budget.t Going beyond our budget means over playing and this could result us falling deeper.

I think one cannot afford to loose even a single penny of the hard earned money.
This is the time when we are struggling with inflation - I think rather than losing the hard earned money one can help someone struggling with inflation. This is rainy season and many people need a lot of help.

abel1337

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Quote from: LUCKMCFLY on July 24, 2022, 04:11:09 PM

Quote from: Kelvinid on July 04, 2022, 06:10:12 PM

Investing in crypto is a joke, you'll lose your money instantly if you got it wrong. That is why if we are in the plan investing be sure that we are aware of what might happen to our money as it is either it grows or loses all. Keeping in mind that we are facing high risk, we can't just think all about the negative but have to urge ourselves to stay positive despite everything negative we've heard. We have to step up and level up our mindset as this will have a huge impact on our decisions.

Yes, I have a way of trading that I apply to gambling, and that is that I only have a certain balance to make my operations, I never put more or less money to make my operations, in trading I usually risk a little more ,+more money than in gambling, but I have seen many friends who take trading as if it were gambling, they only enter guessing without any foundation, and most of the time they lose, because they have no idea what can happen. do or spend in the market, and this is something that always happens.

Same, I am also doing the same thing. Putting capped on a budget is a necessary thing to do in what ever activity we are doing whether it's Trading, Gambling and Investment. We should have a balanced budget on things we are doing. In my case I have allotted more budget on gambling, I don't go beyond my budget.t Going beyond our budget means over playing and this could result us falling deeper.

Mahanton

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Quote from: sovie on July 25, 2022, 11:48:24 AM

Quote from: LUCKMCFLY on July 24, 2022, 04:11:09 PM

Quote from: Kelvinid on July 04, 2022, 06:10:12 PM

Investing in crypto is a joke, you'll lose your money instantly if you got it wrong. That is why if we are in the plan investing be sure that we are aware of what might happen to our money as it is either it grows or loses all. Keeping in mind that we are facing high risk, we can't just think all about the negative but have to urge ourselves to stay positive despite everything negative we've heard. We have to step up and level up our mindset as this will have a huge impact on our decisions.

Yes, I have a way of trading that I apply to gambling, and that is that I only have a certain balance to make my operations, I never put more or less money to make my operations, in trading I usually risk a little more ,+more money than in gambling, but I have seen many friends who take trading as if it were gambling, they only enter guessing without any foundation, and most of the time they lose, because they have no idea what can happen. do or spend in the market, and this is something that always happens.

The point you have mentioned - about investing money - and losing it instantly is very correct. MY friend lost approx 5000$ in a jiffy.
But that is with every business - you can either be a king or you can be looser, there is hardly any middle line in it.

But you shouldnt really make yourself to be like a gambler because on any investment where losses is really just a normal thing to be experienced but you should really aim that in the end of the day
you would really be ending up to be profitable and this is kind or type of mindset that you should really have.Of course you shouldnt tolerate yourself on letting those investments of yours to be on losses
because that wont really be that beneficial for long term.Try to make it as minimal as possible and challenged up yourself to have that way.
Loss mindset isnt bad yet it do acts as a form of preparation on something inevitable to happen but as i said that minimize it as small as possible.

sovie

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Quote from: LUCKMCFLY on July 24, 2022, 04:11:09 PM

Quote from: Kelvinid on July 04, 2022, 06:10:12 PM

Investing in crypto is a joke, you'll lose your money instantly if you got it wrong. That is why if we are in the plan investing be sure that we are aware of what might happen to our money as it is either it grows or loses all. Keeping in mind that we are facing high risk, we can't just think all about the negative but have to urge ourselves to stay positive despite everything negative we've heard. We have to step up and level up our mindset as this will have a huge impact on our decisions.

Yes, I have a way of trading that I apply to gambling, and that is that I only have a certain balance to make my operations, I never put more or less money to make my operations, in trading I usually risk a little more ,+more money than in gambling, but I have seen many friends who take trading as if it were gambling, they only enter guessing without any foundation, and most of the time they lose, because they have no idea what can happen. do or spend in the market, and this is something that always happens.

The point you have mentioned - about investing money - and losing it instantly is very correct. MY friend lost approx 5000$ in a jiffy.
But that is with every business - you can either be a king or you can be looser, there is hardly any middle line in it.

LUCKMCFLY

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Quote from: Kelvinid on July 04, 2022, 06:10:12 PM

Investing in crypto is a joke, you'll lose your money instantly if you got it wrong. That is why if we are in the plan investing be sure that we are aware of what might happen to our money as it is either it grows or loses all. Keeping in mind that we are facing high risk, we can't just think all about the negative but have to urge ourselves to stay positive despite everything negative we've heard. We have to step up and level up our mindset as this will have a huge impact on our decisions.

Yes, I have a way of trading that I apply to gambling, and that is that I only have a certain balance to make my operations, I never put more or less money to make my operations, in trading I usually risk a little more ,+more money than in gambling, but I have seen many friends who take trading as if it were gambling, they only enter guessing without any foundation, and most of the time they lose, because they have no idea what can happen. do or spend in the market, and this is something that always happens.

palle11

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Quote from: Kelvinid on July 04, 2022, 06:10:12 PM

Investing in crypto is a joke, you'll lose your money instantly if you got it wrong.

If you get it wrong you mean. But what if you get it right? You swim in money sure. Just like every business venture or investment, you need to target properly the investment you want to do and also the risk involve in it because every business is a risk waiting in itself. Cryptocurrency isn't only the risky venture to take up but it also give the opportunity of lower risk when you do manage well. You have to invest what you can lose.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Kelvinid on July 04, 2022, 06:10:12 PM

Investing in crypto is a joke, you'll lose your money instantly if you got it wrong.

Investing in bitcoin at a low price means hitting the gold. Because crypto is all its glory ends up being referred to altcoins, I can assume why it becomes a joke at some points.

Quote

That is why if we are in the plan investing be sure that we are aware of what might happen to our money as it is either it grows or loses all. Keeping in mind that we are facing high risk, we can't just think all about the negative but have to urge ourselves to stay positive despite everything negative we've heard. We have to step up and level up our mindset as this will have a huge impact on our decisions.

A negative mindset draws out your energy and rational thinking. Newbie traders will end up selling at the wrong time because they are too hardened to the fact that they might lose money. Instead the proper way to think is knowing when to buy and sell and also what to buy - which is only bitcoin.

Knowing that we can lose is something that should be there, but dont let that thought drain your energy which occurs in the midway between joining and trading.

sovie

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Quote from: LUCKMCFLY on July 17, 2022, 10:45:59 AM

Quote from: DexxterD on July 04, 2022, 09:34:38 AM

To have minimal losses when entering the market, you need to understand the market and financial literacy. I recommend you to read more about it in books. There are also many excellent sites like medium where there are articles about it. By the way, I recently found information about SingularityDAO there. This application is for me the most ambitious of the majority. I made a bet that this would be a successful project and decided to invest in dynasets. I really hope that this will be the right decision for me in the future. Has anyone heard anything about this?

Not really, but it sounds very interesting, however I second what you say, I particularly had bad experiences when I started trading, the truth is I didn't know anything about anything, and I started watching youtubers and paying attention to technical analysis and what I did was lose money, but later I studied a lot the books on market speculators and they helped me a lot, and one of the things that I value a lot and that I always look for a way to see is that through the volume you can read everything of the chart.

what should one do if someone is going through terrible financial crisis and it is hard to survive in this inflation?
I think I am at the brink - where there is nothing to lose at all. The inflation is eating me up like crazy

LUCKMCFLY

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Quote from: DexxterD on July 04, 2022, 09:34:38 AM

To have minimal losses when entering the market, you need to understand the market and financial literacy. I recommend you to read more about it in books. There are also many excellent sites like medium where there are articles about it. By the way, I recently found information about SingularityDAO there. This application is for me the most ambitious of the majority. I made a bet that this would be a successful project and decided to invest in dynasets. I really hope that this will be the right decision for me in the future. Has anyone heard anything about this?

Not really, but it sounds very interesting, however I second what you say, I particularly had bad experiences when I started trading, the truth is I didn't know anything about anything, and I started watching youtubers and paying attention to technical analysis and what I did was lose money, but later I studied a lot the books on market speculators and they helped me a lot, and one of the things that I value a lot and that I always look for a way to see is that through the volume you can read everything of the chart.

South Park

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Quote from: sana54210 on July 04, 2022, 03:10:25 PM

Quote from: CryptoYar on July 03, 2022, 01:11:11 PM

Quote from: LastKiss on June 24, 2022, 07:48:47 AM

I love this momentum when we all have our equal chance to grab more altcoins that we love or even the main coin which is Bitcoin. ~

I think you should just focus on bitcoin, because many altcoins are going to die in this bear market.

This is true, and I believe that we shouldn't really be focusing this much into this world of altcoins. So, just focus on what you could actually believe in and trust, which is about bitcoin and maybe ethereum and bnb as well. This would be something a lot better.

Of course, it is not going to be something awesome if you make a lot less profit, there will be some people who hit it super lucky with a few altcoins and that would be super high profits and that would be something sad for you and upsetting to see those people making a ton of profit. This is why I believe that some people will make more but there will be a million who will make less that you will ignore. Hence price matters a lot in this case.

As simple as that, can people make money with altcoins right now? Yes, can they make incredibly profits? Yes, is it likely they will make all of those profits? No and in fact the opposite is the truth, so people need to reduce their expectations out of this market especially since the conditions for altcoins to go up in value are simply not there, right now is the time to invest early in some good coins and then let the market take its course for as long as it is needed.

Topic: Enter the market with a loss mindset~what you can afford to lose - page 2. (Read 1200 times)