Failed in trade it's not joke. - page 8.

Fredomago

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Quote from: Dewi Aries on May 25, 2021, 01:32:10 PM

Don't forget to control emotion, or maybe about analysis, try to look for site that allow us to do demo trading, with real price it can help us to be good at technical analysis, and then use real money after we think we really ready and try to control emotion with it. Because if we can't control emotion, something like FOMO, or be panic can come to us anytime.

Practicing your skills and your temper using those demo accounts will give us a good glimpse with how the market works.

There are many instances that failures to do your research and just entering the market without the proper knowledge leads us to lose
our investment,.

Do your research as always and find those places that will guide you how to work inside this business, it's a long process never to take a shortcut, risk is far higher if you'll choose the quick access.

Dewi Aries

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Don't forget to control emotion, or maybe about analysis, try to look for site that allow us to do demo trading, with real price it can help us to be good at technical analysis, and then use real money after we think we really ready and try to control emotion with it. Because if we can't control emotion, something like FOMO, or be panic can come to us anytime.

Kittygalore

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Quote from: tvplus006 on May 25, 2021, 04:17:18 AM

One of the problems of novice traders is that after a failed trade, they try to immediately open a new deal, without analyzing the errors that led to a loss. It becomes like a casino and trying to get back what you lost leads to new losses. Therefore, before you risk your deposit, you should do an analysis of what is happening in the market.

Not everyone knows about this though, because most newbie traders simply jumps in to trading without any knowledge regarding the basics of trading which is pretty stupid but forgivable mistake. I had this kind of mistake before but the good thing is that I have a lot of friends who immediately pointed out the mistakes and mentored me although I have stopped trading for awhile.

justdimin

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Quote from: death69 on May 22, 2021, 09:33:43 AM

You do not have to use margin trading with cryptocurrency because coins usually run very fast so that you can take a good profit with either scalp or swing. Moreover, because of the easily change in the price, margin trading is not suitable for newbies who have no experience with money management. Even I am a senior, I only use 2x~5x leverage whereas most exchange offer up to 250x in leverage.

There are many things you need to learn in trading. Therefore, try to read more books and understand the market with your own perspective. Be able to take risk is good, but recklessly involve in any risky trade is unacceptable. Trading is a long journey so do not give up. You can do this

You may end up using leverage in crypto if you want to but you have to pick 2 things; either go with a very low amount of leverage so that you would know that liquidation will not happen that quickly (because if you do 5x it will get liquidated only if there is a huge crash like right now but if you have 100x that would get liq in a minute if it drops slightly) or you have to not hold it for long, leverage trading isn't suppose to be something that could be hold for days or weeks, I have seen people who buy long futures with the hopes of holding it for months until they made enough profit to retire, that is not how it works you should sell it as soon as you made a decent amount of profit, even a slight amount of profit (or even if you lost) because in the end you should only hold it for a small amount of time before giving it enough time to get liquidated.

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Quote from: Iphomme on May 18, 2021, 07:36:50 PM

...Being a traders I'll become flexible and to be risk taker no matter what I've lost in my traded.

One of the problems of novice traders is that after a failed trade, they try to immediately open a new deal, without analyzing the errors that led to a loss. It becomes like a casino and trying to get back what you lost leads to new losses. Therefore, before you risk your deposit, you should do an analysis of what is happening in the market.

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Quote from: Iphomme on May 18, 2021, 07:36:50 PM

Until I learn little thing regards in trading , cause trade it's not a consistent it is just an analysis of us. Being a traders I'll become flexible and to be risk taker no matter what I've lost in my traded.

We all have to understand that been a trader isn't all about risk taking that are not healthy, those would engage in such are gambling thinking they're investors when the blindly follow the hype at the moment and invest in worthless projects that end up scamming them.

Trading should involved calculated risk, with all things been constant, you should know the outcome of a trade before you initiate it. The only time the story could change and doesn't favour you Is when there's a new development in the market that you can't control like a dump or spike due to men of statue having a said on how they feel of the industry and the market reacting due to her immaturity.

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Quote from: ?? on ??

It's a Big gratitude for you sir and it is true that there are many things that I need to learn in trading not just in a margin and I accepted solemnly in my heart without any grumpy that being reckless. Thanks for the cheer up that motivated me and inspired.

It is good if you can get the point. If you can not do something, do not give up but keep trying and learning more because one day, you will break your limit and you will be able to reach what you want. The process will not lie to you but the process will help you to grow.

Quote from: ?? on ??

Yes, Im one of them affected of an pandemic .I lost my job and it's really hard to find new job again, even difficult cause I'm a bread winner of my family and I wanted to find a way for my family to survive. So I try to trade but I experienced difficulties but I don't lost hope an Im pursuing through read forum in here,

You are not alone. Many people out there having the same difficulty as you. Some of them give up to survive, but the others still try because they know that it will be temporary. If they can still learning and trying, they can get something in the future.

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Quote from: Alert31 on May 19, 2021, 06:55:08 PM

Quote from: Iphomme on May 18, 2021, 07:36:50 PM

Im newbie in trading it is really hard to choose what margins if I will be in high or low margin. Due of not consistent value of the price I've doubt in myself if will learn in trading . One of my friend traders tell me more about trading and he just said to me that I must read more the sequences of trading and observe the graphic.

Until I learn little thing regards in trading , cause trade it's not a consistent it is just an analysis of us. Being a traders I'll become flexible and to be risk taker no matter what I've lost in my traded.

Sometimes you will learn from your mistake and your experience will be your guide to learn more in trading. It is not easy work because if you don't have knowledge about it you will have a lot of losses. In trading, you need a capital, knowledge, patience and you must be a risky person. Give time to research and figure it out while trading. One day you will find yourself improving.

It's a big gratitude to hear what you're saying sir that one day I'll find myself improving and have a knowledge. So now Im still pursuing up to learn and read the thread so that it gives me more Ideas.

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Quote from: Iphomme on May 18, 2021, 07:36:50 PM

Im newbie in trading it is really hard to choose what margins if I will be in high or low margin. Due of not consistent value of the price I've doubt in myself if will learn in trading . One of my friend traders tell me more about trading and he just said to me that I must read more the sequences of trading and observe the graphic.

Until I learn little thing regards in trading , cause trade it's not a consistent it is just an analysis of us. Being a traders I'll become flexible and to be risk taker no matter what I've lost in my traded.

learning to trade must be done, especially in the current pandemic situation, everything needs money to live,
because many people are fired from their jobs when the pandemic occurs,
making many people want to trade, whether in the world of cryptocurrencies or others,
which is certain to do not trade. joke around, be serious and trade in a technically appropriate.

Fredomago

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Quote from: danherbias07 on May 24, 2021, 08:26:52 AM

It's not just graphs or sequences or whatever your friend told you about. You will need to see thru every news that will come out. Keep yourself updated on everything.

yeah right, it's not that easy but if you are keen in finding the right information, your chance is really good to comes up with
right position both with your entry and exit side.

Quote

Will it give a positive reaction to the coin you are trading or not. Then, monitor the top crypto currencies too as they also affect the market of many altcoins out there except for stablecoins.

You need to check every grounds that affects the entire market, most of the time the market movements always
follows the current momentum.

Quote

Trading manually is exhausting in the start if you are doing it alone. It's much better with a team to back you up with decisions you will make. But if that is not an option, then every trade will be easier once you get used to it. Experience is what you need.

You'll be able to assess that after you experienced the market, finding friends or someone who also have the same
passions with trading also helps you to enjoy and have a much better overviews within this business.

Ziskinberg

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Quote from: bitzizzix on May 22, 2021, 09:46:48 AM

One of the most common mistakes people make when trading is giving up when you have a loss.
and this often happens among beginners if they experience a loss, usually their emotional state will be greatly affected.
don't give up because everything starts from failure that will make you smarter and more mastered, and learn not to involve emotions, such as fear or FOMO and always give plan B, choosing a trusted trading platform and so on that you must master as a condition after failure .

That is because they really don't understand how is the life of being a crypto trader. Because they often think that trading is very easy, they can make good money, believing about instant millionaire? These quitters are absolute no how about trading and they are not afraid to quit as they don't care about it.

A lot of people like these, not only for newcomers but also those who have been in crypto already. And if we have noticed, many traders will come during the bullish season as they can surely make a profit this time but to wonder why they will gone once the bullish season is over.

danherbias07

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It's not just graphs or sequences or whatever your friend told you about. You will need to see thru every news that will come out. Keep yourself updated on everything.
Will it give a positive reaction to the coin you are trading or not. Then, monitor the top crypto currencies too as they also affect the market of many altcoins out there except for stablecoins.
Trading manually is exhausting in the start if you are doing it alone. It's much better with a team to back you up with decisions you will make.
But if that is not an option, then every trade will be easier once you get used to it. Experience is what you need.

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Quote from: ethereumhunter on May 24, 2021, 05:57:10 AM

Quote from: Iphomme on May 18, 2021, 07:36:50 PM

Im newbie in trading it is really hard to choose what margins if I will be in high or low margin. Due of not consistent value of the price I've doubt in myself if will learn in trading . One of my friend traders tell me more about trading and he just said to me that I must read more the sequences of trading and observe the graphic.

Until I learn little thing regards in trading , cause trade it's not a consistent it is just an analysis of us. Being a traders I'll become flexible and to be risk taker no matter what I've lost in my traded.

What your friend said is right. You need to read and practice more about trading to have more experience and skills in trading that can help you make a profit. You should know how to minimize the risk in trading and act flexible base on the market situations, and not force yourself to enter the market if you think that the market is not good to trade. Losing money in trading is normal and every trader will have that experience, but if you can recover from your losses, not many traders can do because they will give up when they lose and not trying to recover. I am sure you can do that, but you need to learn more to be a pro trader.

right, mistakes in trading, so that it makes us lose is a common thing. That's when we are psychologically tested for structured recovery, eliminating the greed that always appears as normal humans. therefore trading requires a process to gain experience, as the main capital

ethereumhunter

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Quote from: Iphomme on May 18, 2021, 07:36:50 PM

Im newbie in trading it is really hard to choose what margins if I will be in high or low margin. Due of not consistent value of the price I've doubt in myself if will learn in trading . One of my friend traders tell me more about trading and he just said to me that I must read more the sequences of trading and observe the graphic.

Until I learn little thing regards in trading , cause trade it's not a consistent it is just an analysis of us. Being a traders I'll become flexible and to be risk taker no matter what I've lost in my traded.

What your friend said is right. You need to read and practice more about trading to have more experience and skills in trading that can help you make a profit. You should know how to minimize the risk in trading and act flexible base on the market situations, and not force yourself to enter the market if you think that the market is not good to trade. Losing money in trading is normal and every trader will have that experience, but if you can recover from your losses, not many traders can do because they will give up when they lose and not trying to recover. I am sure you can do that, but you need to learn more to be a pro trader.

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Quote from: noorman0 on May 23, 2021, 09:53:05 PM

Quote from: Iphomme on May 18, 2021, 07:36:50 PM

Until I learn little thing regards in trading , cause trade it's not a consistent it is just an analysis of us. Being a traders I'll become flexible and to be risk taker no matter what I've lost in my traded.

Any trade has risks, but you don't have to take that risk (depending on the coins you use) and you should be concerned about your losses. If you conclude you have to be a risk taker to trade, then you will never find your profit. This is a trading, not gambling which can not refuse risk.

In some cases, traders lose moments due to greed who are always looking for higher prices to realize their profits. It is better to accumulate small profits gradually but consistently than to seek large profits all at once.

So you do say that trading doesnt need for you to risk on just like on what you had mentioned? Of course you would be still needing to risk into something but the difference between gambling and trading is that
the level of risk and decision you would make you really vary on the situation.

Gambling and Trading shouldnt be collaborated since we are talking about business or investment on here which its just normal for you to put up some risk for you to be able to have some chance
on gaining profit.

Failed trades is inevitable and this is why we do keep on learning on how to deal with the market and trying out our best to suppress out that risk as minimal as possible.

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Quote from: Twinkledoe on May 20, 2021, 03:40:53 PM

But with new alts, sometimes you don't need knowledge on TAs, it is how well you know the project or know how to get the pulse from the dev team especially those pump and dump coins. So if you are a beginner, better stick to top alts or established projects. At least, you very well know that they are not going to disappear. And if you are not sure about the potential of the coin, just invest what you can afford to lose. So in case something goes wrong, it is not too hard to accept as it is not your life's savings.

The new alt that was recently listed is still unstable and still very hype. As a beginner if you have the top altcoins it is still safe, but at least by analyzing each coin you can choose which one is good to invest in. Technical analysis is very important so that you know whether it is the right time to enter and when to exit. every altcoin has potential.
use your strategy to profit consistently and don't be too greedy.

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Quote from: Iphomme on May 18, 2021, 07:36:50 PM

Until I learn little thing regards in trading , cause trade it's not a consistent it is just an analysis of us. Being a traders I'll become flexible and to be risk taker no matter what I've lost in my traded.

Any trade has risks, but you don't have to take that risk (depending on the coins you use) and you should be concerned about your losses. If you conclude you have to be a risk taker to trade, then you will never find your profit. This is a trading, not gambling which can not refuse risk.

In some cases, traders lose moments due to greed who are always looking for higher prices to realize their profits. It is better to accumulate small profits gradually but consistently than to seek large profits all at once.

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Failures in trading is all part of the process of learning on how you will deal depending upon the situation. It is just normal for a trader specially for a newbie to experience failures doing trade because even veterans do also commit mistakes and acquire failures. What you need to do is not certainly to take risk. Yes, you need to be flexible and adaptable in any situation to become a better trader but you do also need to play or get along on how you will deal with the risks and make those be favorable to your part. Failure in trading is not really a joke for we are talking about real money being traded and lots of hardship comes into this highly volatile market. What you need is strong mind and body to endure the stresses and serve those as learnings to better know what you will do once it happens again. Equip yourself with learnings to be able to cope up and not just to decide based on instincts.

GeorgeJohn

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Day to day cryptocurrency trading is a consistent way of making money, and it requires you of constant reading, studying, analysing before entering a trade, it is mandatory to submit yourself positively in trading and that's what others fail to do, it's of truth that your friend is good in trading, do you think you can also be good at it? It might not work for you, so if you can exhibit the characters I stated above, then you will be successful in trading crypto assets.

Quote from: Iphomme on May 18, 2021, 07:36:50 PM

cause trade it's not a consistent it is just an analysis of us.

It is not consistent when you are performing long term trading whereas the opposite requires consistency, that's short term I mean, right? I may ask, what are your plans, do you want to be a short or long term trader,? choose the best you can be and don't forget to use funds you can afford to loose as this is the primary rule of safety trading.

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Quote from: Iphomme on May 18, 2021, 07:36:50 PM

Im newbie in trading it is really hard to choose what margins if I will be in high or low margin. Due of not consistent value of the price I've doubt in myself if will learn in trading . One of my friend traders tell me more about trading and he just said to me that I must read more the sequences of trading and observe the graphic.

Until I learn little thing regards in trading , cause trade it's not a consistent it is just an analysis of us. Being a traders I'll become flexible and to be risk taker no matter what I've lost in my traded.

You really sounded like a true newbie! One thing you must know and accept is that trading crypto currency is not meant for everyone for the fact that maybe your friend is making big in trading as that not a yerstick for you to be successful in trading. Just focus on what you are good at and later people will be looking out for you on how you are making it in life.

Topic: Failed in trade it's not joke. - page 8. (Read 3452 times)