Enter the market with a loss mindset~what you can afford to lose - page 4.

goaldigger

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Quote from: cabron on June 28, 2022, 08:19:48 PM

Quote from: JoyMarsha on June 28, 2022, 07:17:34 PM

In this crypto space, I only go by the flow of the market. Not by what peoples predict about the price of bitcoin cos that alone has taught me a big lesson and it has done more harm to me. I remember how I invested with the amount I can't afford to lose on bitcoin a year back due to, I was listening to different predictions from fellas about how bitcoin will hit $100k soon. Only that experience alone thought a big lesson I can't forget in a hurry

Youre not the only one. Its always misinterpreted differently like buying every time BTC dips butnot telling you to buy when it bottomed. Some understood that every time frame has its bottom which short term traders take advantage of.

But always think that you will profit when you invest otherwise don't buy.

The market trend can easily tell you when to buy, and with the help of your own analysis you can be on a good timing, so I also don’t support those who are following others predictions, for me its too risky. The market is very volatile, no one can know the next trend so its important that you know what you are doing, and investing with the money that you can afford to lose is a big thing. Buy during bear if you see a good price to enter, don’t just buy without any analysis because you might be forced to sell that later on.

carlfebz2

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Quote from: Sanitough on June 29, 2022, 03:57:14 PM

Quote from: youdacapt on June 16, 2022, 03:07:18 PM

Quote from: Smack That Ace on June 16, 2022, 02:15:17 PM

Because no one knows for sure, which price is the bottom and which is the top?

It is true that nobody knows the bottom or the top; this is why it is being preached that everyone (either a newbie or pro) should always take profits everytime in crypto currency. Thast way you don't have to worry about the bottom price or the top price

But it takes a professional trader to still make profits when the market is facing a big crash. Although we can do consistent profits if we learn how to be profitable regardless of the market condition, but newbies will always find it hard to adjust to a bearish market when all they think is that crypto is quick rich scheme to be profitable and get rich. However, experience can change everything, and mostly their concept on how crypto works. And losses can be their biggest motivation to always do things right even when the market is not that good and convenient.

Dont make yourself be minding about having that consistent profits but rather trying to mind on how you do make yourself sustainable despite of different market conditions that we do have here on crypto space.

Primary or main rule of investing here on this market is on having that investing on what you can afford to lose that kind of behavior which is something really very important.Set out limits and take up some border
line on when you should secure or exit out on the market with having corresponding profits.
Dont anticipate that you would really be ending up on positive always because losses would really be there and this is something normal that you would need to deal off with.

Sanitough

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Quote from: youdacapt on June 16, 2022, 03:07:18 PM

Quote from: Smack That Ace on June 16, 2022, 02:15:17 PM

Because no one knows for sure, which price is the bottom and which is the top?

It is true that nobody knows the bottom or the top; this is why it is being preached that everyone (either a newbie or pro) should always take profits everytime in crypto currency. Thast way you don't have to worry about the bottom price or the top price

But it takes a professional trader to still make profits when the market is facing a big crash. Although we can do consistent profits if we learn how to be profitable regardless of the market condition, but newbies will always find it hard to adjust to a bearish market when all they think is that crypto is quick rich scheme to be profitable and get rich. However, experience can change everything, and mostly their concept on how crypto works. And losses can be their biggest motivation to always do things right even when the market is not that good and convenient.

cabron

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Quote from: JoyMarsha on June 28, 2022, 07:17:34 PM

In this crypto space, I only go by the flow of the market. Not by what peoples predict about the price of bitcoin cos that alone has taught me a big lesson and it has done more harm to me. I remember how I invested with the amount I can't afford to lose on bitcoin a year back due to, I was listening to different predictions from fellas about how bitcoin will hit $100k soon. Only that experience alone thought a big lesson I can't forget in a hurry

Youre not the only one. Its always misinterpreted differently like buying every time BTC dips butnot telling you to buy when it bottomed. Some understood that every time frame has its bottom which short term traders take advantage of.

But always think that you will profit when you invest otherwise don't buy.

JoyMarsha

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In this crypto space, I only go by the flow of the market. Not by what peoples predict about the price of bitcoin cos that alone has taught me a big lesson and it has done more harm to me. I remember how I invested with the amount I can't afford to lose on bitcoin a year back due to, I was listening to different predictions from fellas about how bitcoin will hit $100k soon. Only that experience alone thought a big lesson I can't forget in a hurry

GeorgeJohn

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Quote from: Rigon on June 18, 2022, 12:23:00 PM

You have to enter the trading platform with the interest of profit and loss. Otherwise you will never be able to profit by trading from a trading platform.There are no people who have not lost from the trading platform.With loss, maybe one day you can dream of profit. People are not completely successful in anything.

trading is a continuous practice, and their is no one who is hundred percent excellent or perfect in trading platform. It's clear that before you became successful in trading you most undergoes or experience trading kind of lost before you can account for success. And before you become successful in trading a trader most learn and understand the rudiments of trading.

Vaculin

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Winding down.

Quote from: logfiles on June 16, 2022, 04:57:40 PM

One of the biggest mistake traders make is to only think about profit and not a possible loss in case the market goes the opposite way. When you are prepared for a loss, you also get to have a good risk management plan so that you don't lose everything in a single day.

Another thing that affects trader's profits so much is greed and FOMO. People should know when to exit and enter markets to avoid losing every trade.

It's always certain that most newbies who come to the market just want to satisfy their greed, and they think that crypto is the right outlet for that. When in fact, crypto is very hard to be profitable, as it takes good knowledge and wise decision making to beat the losses in the market. While some have been taking advantage when the prices are low and affordable, others too are frustrated as they can't even sell their coins at a reasonable price. And that's how they start losing in the market, because they fail to realize that every market condition has its own opportunities to earn and make profits.

Silberman

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Quote from: virasisog on June 24, 2022, 12:43:30 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. When crypto is in the sale like this many people avoid crypto since they really believe to media that tells Bitcoin is dead bla bla bla. I pity them when they didn't know the risk and didn't know the opportunity behind that risk and only came back when the crypto price on the new ATH.

They say that while others are in fear, we should take the chance to fill in our bags. Those who are afraid during this season are also the same people that will be filled with regrets when the market recovers. One common mistake that most investors do is to fear the bear market but are afraid to miss out during the bullish season that they buy even during the ATH.

One thing that many people do not understand is that a great deal of the success of a trade depends entirely of the moment in which you buy, if you can buy at a very low price then the chances you can become profitable go up dramatically, but if you buy when the price is too high then it is difficult to obtain any profits, it is because of this that right now is a great moment to buy, but those which are inexperienced are afraid of doing so as they think the price may go even lower than the current level.

so98nn

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If entering with the current rates then I’m pretty sure no one literally no one will ever loose their investment in the upcoming future unless and until they become too much greedy about it. Current rates are 60-80% discounted considering various coins. Now there is only one way for crypto and that’s to go up and up. Bitcoin for example has already lost huge amount from its market and its not gonna fall beyond this point as there are miner holders, institutional holders. This is it, it’s gonna be profitable journey ahead.

Hamphser

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Quote from: virasisog on June 24, 2022, 12:43:30 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. When crypto is in the sale like this many people avoid crypto since they really believe to media that tells Bitcoin is dead bla bla bla. I pity them when they didn't know the risk and didn't know the opportunity behind that risk and only came back when the crypto price on the new ATH.

They say that while others are in fear, we should take the chance to fill in our bags. Those who are afraid during this season are also the same people that will be filled with regrets when the market recovers. One common mistake that most investors do is to fear the bear market but are afraid to miss out during the bullish season that they buy even during the ATH.

Get fomo'ed in short which is a common behavior into those people who are really that afraid on missing out the opportunity without even thinking back on accumulating or filling your bags while the market is on bear.

It might simple as it sounds to be suggested but this is something that shouldnt really be missed out and since you are targeting or aiming for making profits then you should do this necessary step
or else you would really be regretting that you had missed out the perfect timing for you to buy cheap.You wont realize until recovery of the market happens and have thought that
this market is already over.

virasisog

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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. When crypto is in the sale like this many people avoid crypto since they really believe to media that tells Bitcoin is dead bla bla bla. I pity them when they didn't know the risk and didn't know the opportunity behind that risk and only came back when the crypto price on the new ATH.

They say that while others are in fear, we should take the chance to fill in our bags. Those who are afraid during this season are also the same people that will be filled with regrets when the market recovers. One common mistake that most investors do is to fear the bear market but are afraid to miss out during the bullish season that they buy even during the ATH.

Silberman

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Quote from: LouVandetta on June 22, 2022, 12:36:49 AM

So I guess it's all about our mindset, huh? So, rather than thinking that crypto is crashed but more like they're on sale. With that being said, our mindset should be that we're ready to lose our money when we enter crypto world. Sure, our purpose is to get profit, but in the process of that said profit we're going to face a lot of ups and downs, which is why if we've come well prepared I think we're good to go. I mean like it's all going to be sunshine and rainbows and especially with ho the market condition for the past few days or months.

That would be oversimplifying things too much for my taste, however there is no denying that your mindset is very important in any market, when people begin their journey to become traders or investors they look for all kind of information regarding entry and exit strategies but they do not take the time to do some soul searching and try to tell if they have what it is necessary to obtain the profits they want out of the market. And if they did such an exercise many of them will realize they are in fact not ready to become part of the markets, but since they do not do this simple exercise they invest in the market anyway which eventually brings them disastrous consequences for them and whatever capital they invested.

LastKiss

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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. When crypto is in the sale like this many people avoid crypto since they really believe to media that tells Bitcoin is dead bla bla bla.. I pity them when they didn't know the risk and didn't know the opportunity behind that risk and only came back when the crypto price on the new ATH.

palle11

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Quote from: ?? on ??

If a person has already decided to start working in the market, it is worth being prepared for various scenarios, including losses. When I started working, I spent a lot of time learning on the demo account of Amarkets broker.

What do you really mean by working in the market? You talking about learning to trade by yourself? Anyway that is a good step, it is better to learn through demo and not to stay by and cry of what is happening or trying to go into pay group and copy trade because that will not help at the end.

Rufsilf

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Quote from: abel1337 on June 22, 2022, 11:20:19 AM

Quote from: AicecreaME on June 18, 2022, 09:44:32 AM

Buying the dip ain't that bad because from $68,000 per Bitcoin, grabbing it for its price now is a steal from me, then hodl if you don't know how to make profits in this kind of market. I agree that you only have to invest the extra amount of money you have in order not to get homeless while waiting for the next bull run. Don't put all the eggs in one basket, like the saying said.

Yeah it's true, Price now is significantly lower than the price during all time high but we can still wait for more for the price to go down. I'm buying bitcoins now on small portions and different price levels, This way I won't regret that I miss the chance of buying bitcoin at a lower price. Buying bitcoin and going broke is just a wrong way to buy bitcoin. Leaving you no money left to support your life could result in selling bitcoin forcefully. I've been there and I change my way of buying bitcoin or other coins.

Buying in a small portion is a brilliant idea. Although we can afford to wait for the bottom but waiting for that time doing nothing (buying) is definitely a waste of time. And besides, we even don't know when it comes nor do we know the set price of it, who knows we are already at the bottom and we have missed it already. Yet, buying in the current situation encourages you to know how to become patient but for sure, at the end of this season, we got paid off. Things aren't done so easily and only those who can afford to lose something have the chance to survive while the others are resting.

abel1337

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Quote from: AicecreaME on June 18, 2022, 09:44:32 AM

Buying the dip ain't that bad because from $68,000 per Bitcoin, grabbing it for its price now is a steal from me, then hodl if you don't know how to make profits in this kind of market. I agree that you only have to invest the extra amount of money you have in order not to get homeless while waiting for the next bull run. Don't put all the eggs in one basket, like the saying said.

Yeah it's true, Price now is significantly lower than the price during all time high but we can still wait for more for the price to go down. I'm buying bitcoins now on small portions and different price levels, This way I won't regret that I miss the chance of buying bitcoin at a lower price. Buying bitcoin and going broke is just a wrong way to buy bitcoin. Leaving you no money left to support your life could result in selling bitcoin forcefully. I've been there and I change my way of buying bitcoin or other coins.

ChrisPop

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Capital management and I would say more importantly - risk management are imperative skills for an investor. The latest is even more essential for an active trader.
I think this mode of thinking is wrong. The thing to keep in mind is that we don't have any clue if the market will ever come back to previous lows and/or highs. We can just judge this to our best knowledge by analysing price history and fundamentals of a certain instrument.

But yes, if you read between the lines --> one needs to be emotionally prepared when entering any market, especially one with the volatility and efervescence of crypto.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Rigon on June 18, 2022, 12:23:00 PM

You have to enter the trading platform with the interest of profit and loss. Otherwise you will never be able to profit by trading from a trading platform.There are no people who have not lost from the trading platform.With loss, maybe one day you can dream of profit. People are not completely successful in anything.

Profit and loss are part of the market and traders though wishing for one most of the time end up with the other. While a lot of factors are involved, one of them is time and it is something that most traders dont wish to give from their side, that is they lack the patience to wait for the proper range to buy in and the profitable price to sell at. Often the ones getting in with the profiting mindset end up buying a hyped altcoin at the top price eventually watching it crash and then lose money.

There in lies the point of prior experience in stock market and dummy trading on crypto. These factors bring in more chances of future profits and less losses. But most of the traders are not coming from these backgrounds.

Mauser

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Quote from: Smack That Ace on June 16, 2022, 02:15:17 PM

Bottom or top is valid only when we have a sell action.
It is the price at which we sell that determines whether the order is bottom or top.
Prices always fluctuate over time and never stand and no one can predict the top or bottom price 100% correctly,
So, when entering the market, prepare yourself not to give up.

Not giving up in trading is important if we want to succeed in the long run. There will always be setbacks and periods of losses, it's part of the game. Not even the best trader in the world only make the right call and makes money from all his trades. You are right that the "real" loss only occurs at the time of the sell, so we could hold some coins until they recover and never take a hit. The problem is of course that this is not really efficient. When one of our coin drops in value we need to find out why, is it because of general market movements that send all coins down, or is it because investors lost confidence in that coin? In case the coin is not a good investment anymore, I think it's wrong to keep holding. Sure it might recover one day, but the chances are there are better investment that makes us more money. It's good to accept losses sometime to move on and find new opportunities.

LouVandetta

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So I guess it's all about our mindset, huh? So, rather than thinking that crypto is crashed but more like they're on sale. With that being said, our mindset should be that we're ready to lose our money when we enter crypto world. Sure, our purpose is to get profit, but in the process of that said profit we're going to face a lot of ups and downs, which is why if we've come well prepared I think we're good to go. I mean like it's all going to be sunshine and rainbows and especially with ho the market condition for the past few days or months.

Topic: Enter the market with a loss mindset~what you can afford to lose - page 4. (Read 1200 times)