Topic: failure to gain profit - page 3. (Read 19018 times)

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.

It is our strategies and effective planning are the things be needed to run a business which could possibly resulting into good and profitable. Worries, emotions will be our enemy in this field and we mostly affected it causing into not thinking the right decision, and it get worst to think of quitting.

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.

Trading is not really for everyone and only have courage to face high risk will succeed in this field. A lot of individuals tried in here but it came into the situation that they'll losing their funds due to unable to catch the right timing, lack knowledge and also strategic planning. It could be possible that we will end up into losing cause in the first place that we aren't fully prepared.

Those negativity cant really be avoided on initial phase which is normal that we would able to face it up along the way.The only thing we should do is to conquer or sustain ourselves to learn
from our mistakes and realize that these aren't the things that can stop us to learn and eventually these mistakes are the best thing for us to gain experience
and sufficient knowledge further on.

the only way for you to make profit is to learn how to handle your self.  i will rather advise you stay away from trading for a while and focus on learning how to be patience. it will really help you out. personally i use nothing to trade . i just make sure that i buy cheap, cheap as my mentor teaches me, set my target and abandon the market there. until the sells happen will i come but if it didn't, i will forget it but i know definietly,it will happen.

That is why there are people who said we not loss before we sell that coin we hold. And we actually don't need to panic when price be lower than we bought because it always bounce back even it is not higher.

You lose money in crypto currency only when you sell at a price lower than you bought, you do not need to do this and it is worth reviewing your portfolio and making it out of real crypto currency, having a popular product, a road map and a strong community

For unstable market conditions, you are better not affected to want to get big profits. because big profits depend on large capital, I guess. If your capital is large, then taking profits of only 10-20% will get big profits. I think, get a small profit is better than getting losses.

You have to be patient. Don't get panicked when the price of bitcoin drops, it would rise again. Because of inexperience, many people get panicked and sell their assets as a result, they suffer losses.

Making a way to stay positive all the time and never consider failures will be the end of our crypto job but instead to thing that this the reason why we survive. And we keep into our mind that, being profitable we should have to work hard and conquer all the fears towards the market. Cause we are affected with that negativity, it surely will help us to end up into nothing.

I have always said that a cryptocurrency market should not be the only source of income. If the home budget has financial contributions from other sources, then the cryptocurrency user is much more likely to be successful and patient, especially if there are certain problems.

I know it is not pleasant act for panic market because everyone gets stress when you invest for 100 rupees but suddenly your investment falls at 50 percent, in this case only patience can help you, if you will hold with patience you will earn money, at the same time you will gain experience for further trading profitably.

Sideways market is most dangerous and Bitcoin is going though a sideways trend currently, it is advisable to trade bitcoin in current situation until it finds a clear trend. Although in my personal opinion its the right time to buy Bitcoin and hold it for a long time,it may give good profit but nothing is certain in this market so always do a proper research before investing your hard earned money. Day trading or short term trading in such trend is not recommended at all unless one has very good knowledge of trading ranges. I advise you to go for some long term investment.

That's actually how trading goes and you can not avoid losses. Relying only on the news can be some of help but that is not the right strategy. Join some telegram groups or discord groups that may contain some basic infos and strategies in trading. Step by step, you will learn how will you win and earn profits in trading.

Long-term planning with bitcoin investment must be the one of the way to make big profits. For example, you can buy right now with the target of $25k levels for one bitcoin time frame up to 2020 May. You may get your capital multiplied by at least 5x in that time period for sure.
[/quote]

Sorry, but this simply isn´t true. How can you know, that bitcoin is at $25k in 2020 May? I bought bitcoin in april last year. I thought this was a good time because prices were low after the bullrun. Everyone thought, that bitcoin would recover easily in a year. Luckily for me I just invested, what I could afford to lose. Because one year later - now - I lost 50% of my money. Well, I didnt, because I dint realized it and hodl, but you know what I mean. I still believe in bitcoin but cant stand anymore hearing: "oh it is save when you invest now and by xxxx you will have xtimes profit". I am sorry if I get you wrong or sound gruff.


And to akihikohideaki:
Because of my losses since I started, I am trying a new strategy now. I want to start with daytrading and want to try to realize small amounts a day instead of big amounts in years, which I hope will come, but of course I do not know today.  I try out different strategies with stopp loss and trailing stop loss.  I found a page, where I can test my different strategies with bots for free without any risks, because these are simulations and do not trade with your real money in this mode. In this way you can check out how many money you would make/ or loose with your trading strategy without loosing/or winning real money. When you think you have a good strategy and are prepared for the real market, you can choose to trade with real money.
The site is https://tradingbot-solutions.com/pages/virtual-trading-bot.
There are many videos which explain to you how this works, when you register with your email for free. I am in the simulation mode right now and do not trade with real money, because I want to practise a lot, before I think I am ready for the daytrading market, but it is quite fun.

well, however the price decline can make the mood not good. yeah, but the mood is really helpful. but remember, when you fail to make a profit, know that there are still many, and great opportunities that exist today, or in the future.

That's necessary, when you are in bad mood, you won't be able to properly do your strategy which will make you fail as a trader.
Everyone needs to learn how to control their emotion, otherwise trading will not become an activity that will fit for them.

I think that you first need to learn how to cope with their emotions. Also, you should always trade only in a good mood.

Right exactly it is not good to trade when the price is low and when you know earning is all about making progress with your investment, so if you see market price is not good enough to make your earn, you can simply wait and hold as holding is best way to obtain huge profit, but selling for panic is just lose nothing else.