Topic: failure to gain profit - page 12. (Read 19018 times)
From the looks of it you are not built to become a day trader yet. Buying and selling actively on a daily basis is not the only way to profit from the market. Why don't you try to become a position trader instead? Keeping on a early paper loss is still better than losing your capital by cutting your losses, at the end when the market starts recovering you will see your portfolio going green. Sometimes patience is always the answer to everything as quick actions like that tend to become poor decisions at the end.
I think learning from your mistakes is the most important aspect of making profit in the future. I have done trading couple of times in the past and I have checked what I did wrong and tried to change the way I think about trading and it gave me a better result. Normally, I did used charts but I was having hard time reading them and most of the time when I realized there is a profit to be made on a coin that should be going up the price went up before I was finished my research and bought some.
Hence, I tried to automate it and bought a trading bot and implemented my strategy into it but this time bot did stuff that I wasn't really giving it permission to because it was looking for stuff that I gave it but also doing it in a massive scale instead of smaller part which meant bigger profits than I used to make but bigger losses than I used to have as well. Then I went back on my old home made system and used the bot to alert me a good coin in my research criteria and bought manually instead, kind of using best of two worlds. Learn from your mistakes and improvise a bit.
Hence, I tried to automate it and bought a trading bot and implemented my strategy into it but this time bot did stuff that I wasn't really giving it permission to because it was looking for stuff that I gave it but also doing it in a massive scale instead of smaller part which meant bigger profits than I used to make but bigger losses than I used to have as well. Then I went back on my old home made system and used the bot to alert me a good coin in my research criteria and bought manually instead, kind of using best of two worlds. Learn from your mistakes and improvise a bit.
Sad to say for quick drops of altcoin into the marketcap people are expecting to get quick profits but is failed that's is a part of crypto investment unpredictable when to get huge profits the key of the succes to get profits in crypto is patience and believe it strong as currency and stay keep faith.
True but if you are supporting a certain altcoin and have faith in it you can buy at the dip so you feel good by increasing your bag size. Since you have faith in it you should have done enough research to conclude whether it is a scam or not. Then again you must sell at some point and then use the spare cash to buy back at the low price. Not doing these money cycling only leads to anxiety that makes you feel that you are not taking part and falling back. Indeed this needs practice but you need to start doing it to get the grip. Initially you might lose some cash with opposite side movements but hodl through those periods and the markets will move in your favor soon.
The hardest part only on making such buyback or bagholding is that there is really a time where you doubt on such decisions and even you do believe on the project but with this bear market
where everything turns out to be read will really give you some questions on mind.
The crypto market is currently very unstable. I am easily affected, in panic selling conditions like now I sometimes sell bitcoin at a price lower than the purchase price. The result is a fatal loss.
So far, I have only relied on news information obtained from forums and social media and a little understanding of the foundation of price charts and market movements to make investment decisions in Bitcoin.
Then what is the way so that I can make a big profit ...?
How to effectively avoid unnecessary losses ...?
So far, I have only relied on news information obtained from forums and social media and a little understanding of the foundation of price charts and market movements to make investment decisions in Bitcoin.
Then what is the way so that I can make a big profit ...?
How to effectively avoid unnecessary losses ...?
Emotions, pal. And in these bear periods, you should have another source of income that will take your focus away from crypto for a while. So you still earn and you don't get tempted to sell your losses. You will waste a lot of time in the market when there's really nothing going on.
Sad to say for quick drops of altcoin into the marketcap people are expecting to get quick profits but is failed that's is a part of crypto investment unpredictable when to get huge profits the key of the succes to get profits in crypto is patience and believe it strong as currency and stay keep faith.
True but if you are supporting a certain altcoin and have faith in it you can buy at the dip so you feel good by increasing your bag size. Since you have faith in it you should have done enough research to conclude whether it is a scam or not. Then again you must sell at some point and then use the spare cash to buy back at the low price. Not doing these money cycling only leads to anxiety that makes you feel that you are not taking part and falling back. Indeed this needs practice but you need to start doing it to get the grip. Initially you might lose some cash with opposite side movements but hodl through those periods and the markets will move in your favor soon.
The crypto market is currently very unstable. I am easily affected, in panic selling conditions like now I sometimes sell bitcoin at a price lower than the purchase price. The result is a fatal loss.
So far, I have only relied on news information obtained from forums and social media and a little understanding of the foundation of price charts and market movements to make investment decisions in Bitcoin.
Then what is the way so that I can make a big profit ...?
How to effectively avoid unnecessary losses ...?
If you don't want to loss,then don't sell it now.You are doing good but this is not the right time to make huge profits you maybe earned something if you tried day trading but beginner the chance of losing also there so don't do anything now,just hold it.You will start to make profits once the bulls wakeup.So far, I have only relied on news information obtained from forums and social media and a little understanding of the foundation of price charts and market movements to make investment decisions in Bitcoin.
Then what is the way so that I can make a big profit ...?
How to effectively avoid unnecessary losses ...?
We can not avoid loss in trading activity but we can only minimize the loss. When you loss should less periode and less percentace than taking profit. And to minimize loss we have to use stop loss for each trade. Use technical analysis to know support and resistance area and dont FOMO.
Any kind of strategy he is just too have an idea but there is no assurance that this is going to happen so just tried with the money you can afford to lose, I don't trade when the market is really down just hope for the better days. 
The crypto market is currently very unstable. I am easily affected, in panic selling conditions like now I sometimes sell bitcoin at a price lower than the purchase price. The result is a fatal loss.
So far, I have only relied on news information obtained from forums and social media and a little understanding of the foundation of price charts and market movements to make investment decisions in Bitcoin.
Then what is the way so that I can make a big profit ...?
How to effectively avoid unnecessary losses ...?
The point that you must really pay attention to is patience, with patience then you can get a chance to seize the opportunity to make a profit. If you are impatient then of course you can make inappropriate decisions. Without patience, you can only panic and of course it is a bad thing for the coins you have. Trust a Trader that patience is the most must have, patience will make yourself extraordinary and have the right momentum in gaining profit. Without having patience, a Trader will only experience failure and it will eliminate a lot of money he has. Let's learn calm and keep patience as well as possible, emotional control will determine what a trader will get in the future. So far, I have only relied on news information obtained from forums and social media and a little understanding of the foundation of price charts and market movements to make investment decisions in Bitcoin.
Then what is the way so that I can make a big profit ...?
How to effectively avoid unnecessary losses ...?
The crypto market is currently very unstable. I am easily affected, in panic selling conditions like now I sometimes sell bitcoin at a price lower than the purchase price. The result is a fatal loss.
So far, I have only relied on news information obtained from forums and social media and a little understanding of the foundation of price charts and market movements to make investment decisions in Bitcoin.
Then what is the way so that I can make a big profit ...?
How to effectively avoid unnecessary losses ...?
If you don't want to loss,then don't sell it now.You are doing good but this is not the right time to make huge profits you maybe earned something if you tried day trading but beginner the chance of losing also there so don't do anything now,just hold it.You will start to make profits once the bulls wakeup. So far, I have only relied on news information obtained from forums and social media and a little understanding of the foundation of price charts and market movements to make investment decisions in Bitcoin.
Then what is the way so that I can make a big profit ...?
How to effectively avoid unnecessary losses ...?
We can not avoid loss in trading activity but we can only minimize the loss. When you loss should less periode and less percentace than taking profit. And to minimize loss we have to use stop loss for each trade.
One basic rule of trading reads like this, "cut your loss earlier and let your profits run". This will be possible along with trailing stop-loss but I am not sure how effectively it could be implemented into highly fluctuating crypto markets. Yes, we cannot completely avoid losses but we may look for opportunities to have less number of losses. When we are good at technical analysis then we may have a trading career which will be having very less to zero losses. Basically, our losses should be lesser than sum of profits, nothing else doesn't matter.With all due respect, you shouldn't be trading gambling at all.
Often we are seeing many people are approaching trading in gambler's way. Lack of knowledge and experience must be the reason and this community may help them to fix that issue 
.
We can not avoid loss in trading activity but we can only minimize the loss. When you loss should less periode and less percentace than taking profit. And to minimize loss we have to use stop loss for each trade. Use technical analysis to know support and resistance area and dont FOMO.
The crypto market is currently very unstable. I am easily affected, in panic selling conditions like now I sometimes sell bitcoin at a price lower than the purchase price. The result is a fatal loss.
So far, I have only relied on news information obtained from forums and social media and a little understanding of the foundation of price charts and market movements to make investment decisions in Bitcoin.
Then what is the way so that I can make a big profit ...?
How to effectively avoid unnecessary losses ...?
So far, I have only relied on news information obtained from forums and social media and a little understanding of the foundation of price charts and market movements to make investment decisions in Bitcoin.
Then what is the way so that I can make a big profit ...?
How to effectively avoid unnecessary losses ...?
Big profit start from small profit, meaning learn and do with realistic limit you have ( mindset, asset, strategy ). If you start with big profit you'll bankrupt and never survive not to scare you but that is reality. So many people came into market without good preparation, no basic knowledge and never practice. Make a journal, test your strategy, write what you need and never repeat the same mistakes.
Sad to say for quick drops of altcoin into the marketcap people are expecting to get quick profits but is failed that's is a part of crypto investment unpredictable when to get huge profits the key of the succes to get profits in crypto is patience and believe it strong as currency and stay keep faith.
When I was trading I solely relied on the news and it seems like it hardly ever works, I agree with others and you should learn technical analysis, it won't guarantee anything but it's prob better than reading the news outlets.
You should not trade according to the news but instead according to the price of the market. Some news may bring some FUD to traders and will lead for them to FOMO which could result in a sudden drop of the price in the market. Don't trade if you are too emotional about of the situation you might end up losing too much too.When I was trading I solely relied on the news and it seems like it hardly ever works, I agree with others and you should learn technical analysis, it won't guarantee anything but it's prob better than reading the news outlets.
You should not trade according to the news but instead according to the price of the market. Some news may bring some FUD to traders and will lead for them to FOMO which could result in a sudden drop of the price in the market. Don't trade if you are too emotional about of the situation you might end up losing too much too. I think if you do not understand it then I do not think you will lose, you started trading without understanding anything, as a result you lost your money. You should have taken the help of a good quality trader...
No body should start trading without knowledge because it’s very important to have knowledge what you are doing and what you are doing it for. People here spend time so their aim should be learning basic skills of trading so there will be no more lose only profit. In crypto only they succeed who learns from mistakes.When you are in this field, you should be vulnerable enough and do instant adjustment depending on the market flows.
You should change your mindset about bitcoin. Don't sell at a loss if you're not a trader. Just HODL it while studying technical analysis and risk management. THEN when you have mastered the art of trading ( at least theoretically) you can start "playing" with your funds in the market.
try to learn technical analysis, don't just rely on the news, combine fundamental and technical, so that you are more confident when entering the market..
it's true because by combining fundamental and technical it is great to trade very well and by combining them we can get a lot of knowledge tooI think if you do not understand it then I do not think you will lose, you started trading without understanding anything, as a result you lost your money. You should have taken the help of a good quality trader...
No body should start trading without knowledge because it’s very important to have knowledge what you are doing and what you are doing it for. People here spend time so their aim should be learning basic skills of trading so there will be no more lose only profit. In crypto only they succeed who learns from mistakes. 
The crypto market is currently very unstable. I am easily affected, in panic selling conditions like now I sometimes sell bitcoin at a price lower than the purchase price. The result is a fatal loss.
So far, I have only relied on news information obtained from forums and social media and a little understanding of the foundation of price charts and market movements to make investment decisions in Bitcoin.
Then what is the way so that I can make a big profit ...?
How to effectively avoid unnecessary losses ...?
So far, I have only relied on news information obtained from forums and social media and a little understanding of the foundation of price charts and market movements to make investment decisions in Bitcoin.
Then what is the way so that I can make a big profit ...?
How to effectively avoid unnecessary losses ...?
Trading is not that simple as you understand, you need to have proper planning and execution, most important how strong your analysis is. Do not rely on free signal provided by anyone, it may lead you to further loss. First of all you start analyze market for some days, try to learn charts. First trade demo before going live, this way you can generate profit, do not take high risk trades initially and keep you risk calculated.
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