Fast ways to lose money trading - page 5.

dunfida

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Quote from: Stedsm on January 20, 2021, 01:55:07 PM

One of the fastest ways I know of (and even some stupid person did it by blowing away investors' BTC) is leverage trading. It can go wrong anytime but you must know at what leverage you should enter and exit. I know of some people who love to take risks at 100 and even 125x leverage but the worst of it all, they do it with their capital all-in and then get liquidated.

Agree on this point which is actually true and precise.This is the the fastest way on dealing with leverage.This is already considered in side of gambling though
but there are people who do still love on engaging with leverage even though its risky but very rewarding if you predicted that right.
In the question on the fastest way on losing money then this would particular or obviously on that leverage trade side.

Stedsm

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One of the fastest ways I know of (and even some stupid person did it by blowing away investors' BTC) is leverage trading. It can go wrong anytime but you must know at what leverage you should enter and exit. I know of some people who love to take risks at 100 and even 125x leverage but the worst of it all, they do it with their capital all-in and then get liquidated.

South Park

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I am terrible at Fantasy Football!!!

Quote from: Ridwan Fauzi on January 15, 2021, 06:33:56 PM

Quote from: Miaallen on January 12, 2021, 07:53:09 PM

Trading Futures is the fastest way of losing money most especially when you miscalculate the market movement in combination with all the factors stated in this. The best way to avoid losing is by being patient at studying the market wave and total controlling of one's greed.

That is true, losing money in a second and gaining money in a second if you use a big leverage. Especially for newbies, they have 99% to lose their money and 1% to gain profit. Although, you have profited but that is just for a while before you lose your money, it is just a way you got tempted to trade every time you can. The best way is just trading spot, don't even try to trade in the future market as long as you are not a professional in the trading world and it need a long time at least three year.

In fact the odds do not need to be that bad for you lose your money if you use leverage, let's assume that a person trade the markets without any knowledge about it, this means that for him the market is just like flipping a coin, if the market goes up he wins, if the market goes down he loses, however leverage amplifies your winnings and your loses but the way this is done is not symmetrical, it doesn't matter how many times you win if you happen to have one massive loss you could still end up losing all of your capital.

Alexmagn84

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Brokers and Investors who send individuals companion demands via online media and straight-away PM's various individuals with one exchanging guidance, sign or speculation of certain sorts, they are for the most part tricksters. Other beginner botch is they are searching for recently recorded coins in famous trade to accept which is the motivation behind why a large portion of them lost.

Freddy11

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The way is with the wrong broker and wrong strategy, so if we are having any such thing, it is only going to lead us to lose, so we have to be very careful with how we move about going things to be able to benefit out through.

Benefactor

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Exchanging is go to future exchanging without investigating the market and do exchange without experience how to peruse where the market will go, and afterward rest soundly and in the following day it might crash your equilibrium. They need more tolerance to figure out what they ought to do. Your focuses aren't quite clear to acknowledge precisely what you need to clarify. Simply remember, you need to learn before you acquire.

kawetsriyanto

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duelbits.com

Those are what commonly make beginners lose money so easily in trading.
For stop limit, actually, it is also sometimes to occurred on trading is forgetting to set stop loss.
In this case, actually, we can see some people also lose trading because of only following the hypes.
One more, I ever also only follow free signal at the time for the future. this is bad enough. better to ignore and also avoid the free signal if we really don't know how to trade.

seleme

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Duelbits.com

Doing the reverse of these suggestions will lead to success in crypto trading but greed is not bad always. Greed can increase the medium cash flow on the trading capital and the increased volatility can cause either bust or double profit. It depends on the trader's performance and market understanding, some get it and make a profit while other traders get rekt quickly. Reverse trading depends on the person's abilities too, maybe the same person will win the same trades for a long time. Reverse trading can be profitable if the trader losses on the majority of trading decisions.

Slow death

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Leading Crypto Sports Betting & Casino Platform

what is saddest about it all is that what makes people losemoney are the most advice from many people on the internet. I haven't seen anyone give practical and effective advice for people to make a profit doing trade. all I see are the same tips that Op posted.

OP How much do you earn from trade?

Can you show us your results?

isaac_clarke22

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Quote from: Pokapoka124 on January 02, 2021, 01:19:23 AM

~

Quite guilty of the first one. Learned a lot from it.
It stresses your mind out because you feel obligated.
Pretty much all of these are subsets of being greed.y

Ridwan Fauzi

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Quote from: Miaallen on January 12, 2021, 07:53:09 PM

Trading Futures is the fastest way of losing money most especially when you miscalculate the market movement in combination with all the factors stated in this. The best way to avoid losing is by being patient at studying the market wave and total controlling of one's greed.

That is true, losing money in a second and gaining money in a second if you use a big leverage. Especially for newbies, they have 99% to lose their money and 1% to gain profit. Although, you have profited but that is just for a while before you lose your money, it is just a way you got tempted to trade every time you can. The best way is just trading spot, don't even try to trade in the future market as long as you are not a professional in the trading world and it need a long time at least three year.

South Park

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I am terrible at Fantasy Football!!!

Quote from: youdacapt on January 11, 2021, 04:47:49 PM

I think the fastest way to lose money in crypto currency trading today is incompetence. What you do not know, you do not know; it is wrong for anyone to trade crypto currency while hoping for profit; You need to be certain of taking profits before entering a trade; you need to certain of escaping with little losses before entering a trade and to realize this situation you must be good and knowledgeable about trading. So i ask you, what do you know about trading ? Your answers tells you why you lose or make more profits

Incompetence is just one side of the equation, after all you can be really bad at trading and as long as you used your common sense and stayed away from the market you will not lose money as you understand that since trading is a competition then that means that you are a great disadvantage against other traders thanks to that incompetence, so what makes people trade even when they know they are incompetent? Greed, when you add greed to the equation everything becomes more clear and we can explain why complete newbies invest all their savings in the market only to lose it all in a matter of weeks.

grandpix

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Perhaps, in my opinion, to reduce the loss in a trade is to buy fast and sell quickly. I do not wait too long because the market tends to change, cutting the loss when the market falls. Most in trading are still psychology and patience.

XZERO1

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Quote from: Pokapoka124 on January 02, 2021, 01:19:23 AM

Trade too much - You don't have to enter a trade everyday even if you're a day trader.

Trade too big - Don't use more than 6% of your capital when trading. Ensure your liquidity is low

These two are the most important parts of your posts based on my own experience with trading, you should not overplay your hands and keep trading an asset because it worked perfectly once or twice for you, you always should set a profit/loss limit for yourself in a day/week that if reached you should cut losses/take profit and move on from that trade.

Also don't ever get on a trade with your full capital no matter how much you think it's a very good opportunity, for instance if you have $1000 to trade with, buy only $50 worth of that token/coin, that way you can start dollar cost averaging if it kept going down and get a better entry price and eventually be able to get out from that trade with profit or at the very least on break even, while if you bough into that coin/token with full or even half of your capital you would lose a lot of money and were unable to average down because you're ran out of capital to trade.

jaberwock

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Quote from: ultrloa on January 12, 2021, 06:55:53 AM

Sometimes traders will go to the point that they think they waste the opportunity to gain more when some certain coins they hold pump more harder after they sell their coins. That's why on next time around they became greedy and turn loader when dump happens after all, that's why whatever the result is trader should think that profit still profit and they should really stick with the plan like the one you said since being consistent on doing that methods you mentioned can make a people a winner on their trades.

I suppose it resembles gambling a bit in that regard. When a gambler gambles and loses, they martingale, and when they lose again they go even harder on it, and they keep doing it over and over again until they win or they bust and leave with no money at all.

I have seen plenty of people who said they lost 10 times in a row at 50% win chance and how they claim it was a very low chance to reach 10 losses in a row at 50% chance, but the reality is that, 10th is still 50% chance to lose, it is not lower than the previous ones. So that logic of gamblers chasing losses do happen to traders, both when they lose money on a trade, or even on a trade where they made a bit but the price went super high so they missed on profit.

Those people end up being more "greedy" because they have seen what happened last time and they want to be in it this time but that doesn't mean it will be exactly the same.

Miaallen

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Trading Futures is the fastest way of losing money most especially when you miscalculate the market movement in combination with all the factors stated in this. The best way to avoid losing is by being patient at studying the market wave and total controlling of one's greed.

MacHenry

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Merit: 11

You don't need to trade every now and then. Look for trading opportunities that offer you the potential to make a quick profit. If day trading suits your own personality, you day trade, if swing suits you, you swing trade, etc.

You can pick coins that have high volatility and high liquidity. If you’re not day trading, try to pick those coins that have good liquidity and volatility.

Apply the Money Flow Index Indicator on the 5-Minute Chart.
This day trading strategy uses one simple technical indicator, namely the Money Flow Index. This indicator helps to track the activity of the smart money and to gauge when the institutions are buying and selling cryptocurrencies.

Wait for the Money Flow Index to reach the 100 level. An MFI reading of 100 shows the presence of the big Whales stepping into the markets. Buy if MFI = 100 and if the subsequent candle is bullish. Set your stop loss and remember to take profit asap.

royalfestus

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Have seen day traders' frustration a lot of time here and in other forums, so have decided to be longterm with exit price in mind. The choice of coin will be as important as the success of trading. Fundamental are important and the market hype may play major role in this market. Defi listed on top exchange and top DEX may give good reward because of the hype around the project and trust of the team. The market is large and most project wont give return we expect from the coming alt season.

kolbalish

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Crypto Article Sharer!!!

Of course, fast is not satisfactory at all. Not in trading. It is an area of tolerance and everything here is unexpected but not fast. Those who are beginners assume that trading is fast earnings but it is a misconception and this is why they have to confront losses.

sallybein987

newbie

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Quote from: Renampun on January 12, 2021, 12:04:31 PM

*I love all the lists you put in, so real...
Trading is not an exact science so it requires updating of your insight every day, if you are greedy then all you will face is losses. train your mind every day to be able to make good decisions and throw away your greed.

And ability to choose right moment!

Topic: Fast ways to lose money trading - page 5. (Read 1572 times)