Topic: failure to gain profit - page 2. (Read 19018 times)
You should be more informed and thoroughly study everything related to the Bitcoins market the way you prefer but I think you don’t get to learn for something personal, You’re mismanaging your investments and I recommend you try a little harder to do it because this currency is currently increasing in value and many are going to take advantage of that.
There’s no effective advice anyone can give you, if you’ve had these losses it’s because you haven’t managed your moves well, maybe you should study a little more and then go into the market because I think you went too fast, That way it’s normal for things like that to happen to you.
I found this analysis by "Monfex". Active Trade Signal When Breaks R1:
- Buy at $10,200
- Stop-loss at $9,900
- Take-profit at $10,600
Active Trade Signal When Falls to S1:
- Buy at $9,300
- Stop-loss at $9,100
- Take-profit at $9,650
- Buy at $10,200
- Stop-loss at $9,900
- Take-profit at $10,600
Active Trade Signal When Falls to S1:
- Buy at $9,300
- Stop-loss at $9,100
- Take-profit at $9,650
discipline towards realistic targets must be upheld. sometimes we are greedy and feel prices will go up continuously, and finally the price of a dump, they can only feel disappointed. but also don't panic sell, analysis must be a handle
Which trader is not greedy seeing rising prices? Thats why they are not good traders in the first place. They cant control their emotions and they stare drooling at the price chart when its a two-digit green percentage and forget to sell. Panic selling wont happen if there is no panic in the middle. The way to prevent panic is to have a clear goal set about what you are investing for and what you are investing in. For bitcoin learn the concept of Satoshi from their whitepaper on bitcoin.Be rigid on your belief and stop visiting social media for "tips". Its full of idiots and shills. Reddit is the breeding ground of mindless shills.
Then what is the way so that I can make a big profit ...?
We cant avoid losing sometimes but you can do something to minimize the losses by having a plan and be firm to follow it. Gaining big profit is not as easy as it seems (despite of having good capital) if you dont have plan on your set target price and plan b incase something went wrong.How to effectively avoid unnecessary losses ...?
Have your own extensive research, in that way you have your own understanding on how to deal with your investment, and dont easily believe to people who spread negative news to avoid panic selling. 
if indeed Op has learned some basic trading techniques continuously, organic experience will provide a casual touch in earnings management. I see many cases because traders are in an all-in-order situation on only one coin, and when doing Cl cannot avoid panic because there are no trading order reserves of other coins simultaneously, this is where errors must be fixed so that profits continue to accumulate.
That's nice to figure out mate, but a trader should learn how to handle situations like that and don't ever rush all things to very fast decisions. Most traders who fail, was due to agressiveness and without even thinking for good moves towards making money and having gains for trading. Trading techniques can be learn while your always on that activity, and don't worry about struggles because you'll eventually survive in the future.
One of the reason why traders fail to gain profits is they fail to plan their exit. Once they see the price of coin is rising, they decide to hold until they fall in the trap where they cant sell the coin anymore based on their originalntarget or maybe their target is too high or too un attainable. Timing is very important in trading. A minute too late to exit may result to a huge loss.
if indeed Op has learned some basic trading techniques continuously, organic experience will provide a casual touch in earnings management. I see many cases because traders are in an all-in-order situation on only one coin, and when doing Cl cannot avoid panic because there are no trading order reserves of other coins simultaneously, this is where errors must be fixed so that profits continue to accumulate.
To avoid losses, you need to allocate such an amount of money that will not affect your life much and you can dispose of it for a long time, it is also necessary to distribute it into several assets
People come from different earning groups. So something that is small enough to be lost and thus can be invested may be worth a lot to another person coming from a poorer economic class. Hence I think people should take their own decision here of how to spend on an investment that is speculative and thus risky. Nobody want to end up investing in the pump and dump shitcoin shows out there. But we need money to come in so as to grow the market.Distributing to different assets would be good if the other assets are non-crypto ones. In crypto only bitcoin is what you need.
Cryptocurrency trading is very volatile that is why if done correctly and accurately then it can give you huge profits but along side with it, is also higher risk because the crypto market can be very unpredictable, you can't really tell when the price is gonna rise or fall down. I think the best thing you can do is review your trades previously for you to see if there are things that you need to work on and continue to study the market deeper for you to at least have clearer pattern despite the market being so unpredictable.
Firstly sorry for your financial loss. The crypto world is so huge that it is difficult to justify the problem and there is a financial loss here on the opposite side of profit. So we all have to work patiently here. I have little knowledge that in order to earn more profit in this crypto world, there must be a tactic. Considering everything, the next steps will be taken. And to avoid financial losses, then all the information will be performed after the scheduled work.
I think for people who fail only those who can't control their patience and are easily panicked when prices fall and or suddenly rise they panic buy and don't realize that it's just a trap, so when you are transient you have to be careful and keep patient.
it is all about how we can manage our emotion because both reason that you mention is something that happen if we are too use our emotion in trading. Really need time to train it but once we can do it, we will be good trader.
I think for people who fail only those who can't control their patience and are easily panicked when prices fall and or suddenly rise they panic buy and don't realize that it's just a trap, so when you are transient you have to be careful and keep patient.
To avoid losses, you need to allocate such an amount of money that will not affect your life much and you can dispose of it for a long time, it is also necessary to distribute it into several assets
If you fail to get profit it means there something wrong with your methods dude.
You need to change because if you didn't change, failure for sure will happen it again to you.
So, you better learn from your mistakes mate.
You need to change because if you didn't change, failure for sure will happen it again to you.
So, you better learn from your mistakes mate.
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 ...?
That is okay! Everything will go under your control someday. Just be patience and determined to gain profits. There are traders that same as you. In fact, I knew that all of us are losing money. However, we need also to learn how to maximize our profits. Eventually, all of the thoughts that professional will be learned once you will focus on it. 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 ...?
Losing money isn't easy to prevent these days, because of the volatile market and all you need to do is always prefer holding longer terms. Don't get mad when you notice that market is crashing, it was just a part of a growing community. Sometimes we need to consider those failure of gaining profit a challenge for us before we achieve a better future from our assets.
Well there aren't really any sure way to make big profits especially if you're just starting. Even experienced and seasoned traders don't often earn big with trades. You have to set your expectations that losing money is part of the process and let your experiences mold you in making better decisions. Don't be afraid of the risk but make sure to learn from yout mistakes dude.
Yes, making this failure makes students in the future how to find a way of trading that is more suitable in the future situation. If we think that we failed then repeat the same way, it will only waste time
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 ...?
That is okay! Everything will go under your control someday. Just be patience and determined to gain profits. There are traders that same as you. In fact, I knew that all of us are losing money. However, we need also to learn how to maximize our profits. Eventually, all of the thoughts that professional will be learned once you will focus on it. 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 ...?
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 main problem is already in your posts which is panic selling. If you can overcome panic selling and then continue to hold then that is where you can achieve huge profits. The law applies in to any investments like taking care if your business until it grows bigger and getting tempted to stop because you don't see quick returns immediately.
The first thing is to change your mindset about gaining big profits and avoiding unmecessary losses. Even long time traders experience those all the time. Just don't be afraid of the risks and accept the losses as lessons. Along the way you'll eventually pick up trading strategies that would work for you. Trading requires huge amount of patience.
I would say trading requires a lot more than just patience. You need to be shrewd enough to pick up things as they continue up the flow and leave aside those that have become stagnant. Its important to recycle your money in this manner among old coins that became worthless and new coins that are currently the trend. The trends will wear off soon but you should be tactical enough to make sure to book a profit and get out a the current time. Similarly important is getting in a low price and so luck also plays a role here.My conclusion would be that trading needs a lot of things to be considered but dont burden yourself with them.
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