Topic: Experience facilitates better understanding - page 2. (Read 489 times)
yes, from experience we can understand a little about trends. that when the price rises slightly, it will not necessarily go up and when the price goes down, it does not mean it will get deeper. so far most of them still use this method, including me where when the value of altcoin drops slightly, then buy. but precisely stuck technology. so it is indeed very difficult to predict but from that experience at least we have considerations that are far better than before.
Yup, I agree on you, I still remember when I thought that the market is really okay, and I invested my full money there, and I am newbie during that time, even now, I remember when the price gets high, I am so hype, I keep holding my coin, then suddenly it drops, and almost become sh** coin, I panicked and release all my money, and I lose, then after few weeks it returns normal.
From the very beginning, everyone will have difficulties in stable profit in cryptocurrency trading or simply in investing in cryptocurrency, so from the very beginning you need to start trading and investing with small amounts and then, with more experience, you can start trading and investing big amounts.
all indeed starts from the name of defeat or loss, from the loss will get a lesson and improve it in investing but we do not know their capital is able or not to learn the investment world
to recover assets is of course very difficult because we do not know will go down very far or will go up, if the assets go down not too far you should cut losses and if it is in loss you hold
From the very beginning, everyone will have difficulties in stable profit in cryptocurrency trading or simply in investing in cryptocurrency, so from the very beginning you need to start trading and investing with small amounts and then, with more experience, you can start trading and investing big amounts.
if I invest I not only put my money on one coin but divide it into several so when there is a loss there must be a profit or put all the money for one coin but buy it in stages to reduce losses
I think what has happened certainly will not be the same as that which has not yet happened I mean the market is unpredictable the price will not be the same even if you look at the graph that has passed and try to apply it.
but at least it's better than not doing research at all.
but at least it's better than not doing research at all.
It is true that the market is not predictable and sometimes trade will go south.
But the more you trade, the more profits / loss you encrue. the basis is to learn from both the wins and losses. Apply the lessons to future trades, and get even further better.
but at least it's better than not doing research at all.
I think what has happened certainly will not be the same as that which has not yet happened I mean the market is unpredictable the price will not be the same even if you look at the graph that has passed and try to apply it.
but at least it's better than not doing research at all.
but at least it's better than not doing research at all.
This isnt gambling and trading needs patience. If youre gonna after your losses and lose ability to focus then youre just going to lose continously.
Of course you will loose money along the way, it's unavoidable, but at least you gain important lessons that can help you out in the future specially if you wanted to stay in the game longer.
Yeah learn from it but its not good to always lose right? Gaining knowldge is there but if your leverage trading still not improving aftet that, maybe the problem isnt with the style but the volatility of market. Correct entry point still rekt. Sometime market is giving a false hope even though your on the right pattern.
Of course you will loose money along the way, it's unavoidable, but at least you gain important lessons that can help you out in the future specially if you wanted to stay in the game longer.
Yeah learn from it but its not good to always lose right? Gaining knowldge is there but if your leverage trading still not improving aftet that, maybe the problem isnt with the style but the volatility of market. Correct entry point still rekt. Sometime market is giving a false hope even though your on the right pattern.
I think for traders who has loses or altcoins investors with lower profits and more loses.
When your trade goes wrong; It is better to test and practice different methods and strategies over an extended period of time.
When your trade goes wrong; It is better to test and practice different methods and strategies over an extended period of time.
Of course if you loss a lot from trading, then revwnge by doing all or nothing thinking wouldnt be wise move. Remember there are lots of thing to do or might do to recover. Losing in trading doesnt really the end of the world. You just need to find or learn how to execute and apply it well so next time no more bloody bath.
I think for traders who has loses or altcoins investors with lower profits and more loses.
When your trade goes wrong; It is better to test and practice different methods and strategies over an extended period of time.
Instead of panic investing to recover loss.
Remember experience facilitates better understanding
NB: basically my thoughts and practices method. How do you go about yours??
true advice. It is always the experience people gather from different areas of adventures that further advises them better on what to do and at what time to do it. investments in crypto trading should be strategically driven with sufficient knowledge on the strategy and pattern. i also learnt from same.
Definitely, as you mature and gain the needed experience, then you can better understand how the system works. That's why I don't understand newbies who wanted to get a trading bot in the beginning. Because it wouldn't help them that much. It's better to go to this painful process of learning to really grasp what this is all about.
Of course you will loose money along the way, it's unavoidable, but at least you gain important lessons that can help you out in the future specially if you wanted to stay in the game longer.
It's normal to make loses and pains in the start because this will create positive motivation to understand the market better and perform well. Experience will always be the best teacher for all traders and investors because if you fail in the beginning, you will definitely learn from it and would be more eager to discover something new that will fit to your longings. Of course you will loose money along the way, it's unavoidable, but at least you gain important lessons that can help you out in the future specially if you wanted to stay in the game longer.
Definitely, as you mature and gain the needed experience, then you can better understand how the system works. That's why I don't understand newbies who wanted to get a trading bot in the beginning. Because it wouldn't help them that much. It's better to go to this painful process of learning to really grasp what this is all about.
Of course you will loose money along the way, it's unavoidable, but at least you gain important lessons that can help you out in the future specially if you wanted to stay in the game longer.
Of course you will loose money along the way, it's unavoidable, but at least you gain important lessons that can help you out in the future specially if you wanted to stay in the game longer.
I think for traders who has loses or altcoins investors with lower profits and more loses.
When your trade goes wrong; It is better to test and practice different methods and strategies over an extended period of time.
Instead of panic investing to recover loss.
Remember experience facilitates better understanding
NB: basically my thoughts and practices method. How do you go about yours??
Of course, you can't just fully learn how trading works if you don't run on your own. Reading books, online tutorials are quite different from the actual scenario and you can apply the strategies that you have to get from the others and to see how effective it was.
Experience is a teacher on its own. Your encounters of today or tomorrow can be traced to what happened in the past. Although, it is not how far, but how well. Can you just imagine that you could have someone who has been into trading for the past three tears and yet, he is still making hell of mistakes. It means he has not been able to learn from the mistakes he made.
Well, sometimes, the easiest way to trade, if you do not have much of the skill is to use grid trading bot. It involves some mechanisms, but it can also be very simple to initiate
There are sites that offer such services, but you will have to inquire if the exchange you trade on ahs been connected to it. That also goes with the coin you intend trading. With that, you can sleep back and be rest assured that your trade is ongoing, alongside profit-making.
Well, sometimes, the easiest way to trade, if you do not have much of the skill is to use grid trading bot. It involves some mechanisms, but it can also be very simple to initiate
There are sites that offer such services, but you will have to inquire if the exchange you trade on ahs been connected to it. That also goes with the coin you intend trading. With that, you can sleep back and be rest assured that your trade is ongoing, alongside profit-making.
I think for traders who has loses or altcoins investors with lower profits and more loses.
When your trade goes wrong; It is better to test and practice different methods and strategies over an extended period of time.
Instead of panic investing to recover loss.
Remember experience facilitates better understanding
NB: basically my thoughts and practices method. How do you go about yours??
I dont panic anymore when I see that my trades are losing. It is one of the lessons that I have learned and trading and by staying on crypto market. Despite how huge your losses or profits are but if you are nog responsible with your action, a beautiful situation might be come worse.
Another lesson, dont buy altcoins that you just felt FOMO because it is rising.
Another lesson, dont buy altcoins that you just felt FOMO because it is rising.
I think for traders who has loses or altcoins investors with lower profits and more loses.
When your trade goes wrong; It is better to test and practice different methods and strategies over an extended period of time.
Instead of panic investing to recover loss.
Remember experience facilitates better understanding
NB: basically my thoughts and practices method. How do you go about yours??
I totally agree with that. It is indeed that whenever an investment of your fail and the methods you have been using provides the same failed result, better think of another method on how you can regain your loss. Thinking of another method can be easily done by observing or taking into consideration the past mistakes your past method have and by those weaknesses, create a strong solution so that you can create better method that might lead you to success. Learning from our past experiences really teaches us on how we can easily react once the same thing happens once again so we already know what exactly we can do to avoid doing the same mistakes once again. Remember that getting into panic won't help you think wisely but might just create a distraction that can lead to impulsive decision. Experience let us have better understanding of everything so that we can easily create better solution for an existing problem.
One of the worst things you can do in trading is trying to 'earn back' losses because what happens most of the time is your trading devolves into more or less gambling as you try to recoup your losses and you forget about risk management and other trading systems you might have in place to minimize losses.
If you lose money from a trade that's gone wrong, look back at what you were doing before, during and possibly after the trade. It's typically very easy to pick out your mistakes in hindsight, though it's harder to correct them for the future. It's okay to make mistakes as long as you're learning from them.
If you lose money from a trade that's gone wrong, look back at what you were doing before, during and possibly after the trade. It's typically very easy to pick out your mistakes in hindsight, though it's harder to correct them for the future. It's okay to make mistakes as long as you're learning from them.
I think its a basics in life. The more we learn, the more we get up from our mistakes the better we are
So either you are a Bounty hunter or a trader, or an investor, never forget your lessons, and be willing to learn more.
So either you are a Bounty hunter or a trader, or an investor, never forget your lessons, and be willing to learn more.
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