*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.
Topic: Fast ways to lose money trading - page 6. (Read 1542 times)
Fees are another way that you automatically lose money in the stock market. If you invest in a mutual fund or ETF, you are automatically paying fees on your investment. A good fund will have fees of less than 0.35%. However, some mutual funds have fees in excess of 2%.
I don’t understand why people write advice in the format “do it so that you don’t succeed”, you can just write the normal advice “how to do it” with all the nuances.
You have written typical things that carry little information. How do you know if you are trading too much? Or too large? Or too often? Or too little? blah blah blah.
All this can be reduced to one thing, if you feel uncomfortable in trading, in a certain aspect, then you are probably doing something wrong.
You have written typical things that carry little information. How do you know if you are trading too much? Or too large? Or too often? Or too little? blah blah blah.
All this can be reduced to one thing, if you feel uncomfortable in trading, in a certain aspect, then you are probably doing something wrong.
I think the point is when we want to start trading, the right way is to determine the trading plan in advance, so that we know how much risk and profit limits must be prepared before starting trading according to our abilities.
Of course with this our trading journey becomes more measured, when to stop and when to start trading.
That's the point. Trading is a matter of control. Your success directly depends on how much you are able to control the things that you can.
Such as: stick to the plan, or control emotions, exit the session on time, understand that it is not worth trading today, and so on.
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 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
In short you must be prepared in any decision making that you'll going to take. Investing to this venue of investment is really risky as voalatility really hurts your capital, if you don't know what you're doing it will leads to completely lose everything.
It's the fastest way of losing your money, taking an entry without further knowledge about the project or about an assets that you'll going to invest your money.
Before you take your chances, learn to do your DYOR! That's saves you in anything that you'll going to do
whatever investment veneu that you'll going to take.
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
In short you must be prepared in any decision making that you'll going to take. Investing to this venue of investment is really risky as voalatility really hurts your capital, if you don't know what you're doing it will leads to completely lose everything.
It's the fastest way of losing your money, taking an entry without further knowledge about the project or about an assets that you'll going to invest your money.
Before you take your chances, learn to do your DYOR! That's saves you in anything that you'll going to do
whatever investment veneu that you'll going to take.
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
I don’t understand why people write advice in the format “do it so that you don’t succeed”, you can just write the normal advice “how to do it” with all the nuances.
You have written typical things that carry little information. How do you know if you are trading too much? Or too large? Or too often? Or too little? blah blah blah.
All this can be reduced to one thing, if you feel uncomfortable in trading, in a certain aspect, then you are probably doing something wrong.
You have written typical things that carry little information. How do you know if you are trading too much? Or too large? Or too often? Or too little? blah blah blah.
All this can be reduced to one thing, if you feel uncomfortable in trading, in a certain aspect, then you are probably doing something wrong.
I think the point is when we want to start trading, the right way is to determine the trading plan in advance, so that we know how much risk and profit limits must be prepared before starting trading according to our abilities.
Of course with this our trading journey becomes more measured, when to stop and when to start trading.
That's the point. Trading is a matter of control. Your success directly depends on how much you are able to control the things that you can.
Such as: stick to the plan, or control emotions, exit the session on time, understand that it is not worth trading today, and so on.
For people who do not know how to analyze the market, not many choices but to follow the predictions of others, therefore there is such a thing as a copy trade.
Nonetheless, you don't have to follow everything on the other side but determine your own goal and read the trend on the market, the pattern always repeated throughout history. For example, if bitcoin value increases, ethereum and litecoin are more likely to increase as well, it has been proven even at the moment, then your call to buy bitcoin, eth, or cheaper litecoin.
That mentality is why people get in trouble in the market, if they do not know anything about trading there are only two legitimate options that you can follow, the first one is to begin your learning journey so you can understand the markets by yourself, and if for some reason you do not want to do that then you need to stay away from the markets, but people think they can outsmart the markets and just follow the advice of someone else and make profits anyway and for the most part that strategy ends in disaster. Nonetheless, you don't have to follow everything on the other side but determine your own goal and read the trend on the market, the pattern always repeated throughout history. For example, if bitcoin value increases, ethereum and litecoin are more likely to increase as well, it has been proven even at the moment, then your call to buy bitcoin, eth, or cheaper litecoin.
I found most of people get too carried away on making profit making them losing a lot of money instead of making profit, what I mean is, some people think after they got profit they gonna make another profit just like before and turns out things going out differently and as a result they are losing but keep holding on thinking that it's just a correction and will go up later turns out thats not true at all, it sort of like being too greedy thinking they can predict the world based on their instinct
People are trading on their own decision and that means you didn't know whether they are trading too much or too little. Remember anyone has their own perspective about the market. That means if your opinion will be different with others, you are thinking he was trading too much but he has thought that if he was trading a small amount of money.
Panic is the thing that creating all of those things.
Anyone can decide what will be the suitable amount to trade based on their own condition.
Panic is the thing that creating all of those things.
Anyone can decide what will be the suitable amount to trade based on their own condition.
I don’t understand why people write advice in the format “do it so that you don’t succeed”, you can just write the normal advice “how to do it” with all the nuances.
You have written typical things that carry little information. How do you know if you are trading too much? Or too large? Or too often? Or too little? blah blah blah.
All this can be reduced to one thing, if you feel uncomfortable in trading, in a certain aspect, then you are probably doing something wrong.
You have written typical things that carry little information. How do you know if you are trading too much? Or too large? Or too often? Or too little? blah blah blah.
All this can be reduced to one thing, if you feel uncomfortable in trading, in a certain aspect, then you are probably doing something wrong.
I think the point is when we want to start trading, the right way is to determine the trading plan in advance, so that we know how much risk and profit limits must be prepared before starting trading according to our abilities.
Of course with this our trading journey becomes more measured, when to stop and when to start trading.
I don’t understand why people write advice in the format “do it so that you don’t succeed”, you can just write the normal advice “how to do it” with all the nuances.
You have written typical things that carry little information. How do you know if you are trading too much? Or too large? Or too often? Or too little? blah blah blah.
All this can be reduced to one thing, if you feel uncomfortable in trading, in a certain aspect, then you are probably doing something wrong.
Many people give bad ideas how come just write like this become success, I think need the way how to give advice for some one exactly with newbie wanna start trading on cryptocurrency, they have give basic way with trading like how to choose and know with good or not some coin, then they can give ideas with the best time for buying and selling coin because many people try to make some panic exactly when price is up and ask them for buying. You have written typical things that carry little information. How do you know if you are trading too much? Or too large? Or too often? Or too little? blah blah blah.
All this can be reduced to one thing, if you feel uncomfortable in trading, in a certain aspect, then you are probably doing something wrong.
The quickest way to reduce the loss of money trading is to follow a trading plan that will determine how you will gradually increase your investments day by day. Mark the last few times in your charts that any price movement has been reversed after the price has fallen. Mark these last few times in the support level charts that the price movement was reversed after the increase. Lets build experience and protect your trading funds whenever you get a bad run.
I don’t understand why people write advice in the format “do it so that you don’t succeed”, you can just write the normal advice “how to do it” with all the nuances.
You have written typical things that carry little information. How do you know if you are trading too much? Or too large? Or too often? Or too little? blah blah blah.
All this can be reduced to one thing, if you feel uncomfortable in trading, in a certain aspect, then you are probably doing something wrong.
You have written typical things that carry little information. How do you know if you are trading too much? Or too large? Or too often? Or too little? blah blah blah.
All this can be reduced to one thing, if you feel uncomfortable in trading, in a certain aspect, then you are probably doing something wrong.
-snip-
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
Trade randomly - Don't trade every coin. Be smart, choose coins you're comfortable with. Don't gamble, always have a plan and follow through on it.
Trade based on your emotions - Trading is about 90% psychology. Guard your mind and your heart so you can properly apply your trading plan.
Trade based on predictions - Don't trade based on financial advice from someone on telegram or any of the social media platforms. Do your own research.
No stop loss: This happened to me once. I lost a chunk of my capital. Stop loss was created for a purpose use it for every one of your trade.
Cut winners fast: Don't be greedy!! Collect your profits.
Let losing trades run: This would kill you, if a trader is going bad I think it's better to close the position at your stop limit rather than letting it run in hopes it may come back to our favor.
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
Trade randomly - Don't trade every coin. Be smart, choose coins you're comfortable with. Don't gamble, always have a plan and follow through on it.
Trade based on your emotions - Trading is about 90% psychology. Guard your mind and your heart so you can properly apply your trading plan.
Trade based on predictions - Don't trade based on financial advice from someone on telegram or any of the social media platforms. Do your own research.
No stop loss: This happened to me once. I lost a chunk of my capital. Stop loss was created for a purpose use it for every one of your trade.
Cut winners fast: Don't be greedy!! Collect your profits.
Let losing trades run: This would kill you, if a trader is going bad I think it's better to close the position at your stop limit rather than letting it run in hopes it may come back to our favor.
1. I doubt there is anything known as "too much trading". What does this even mean? Every day is an opportunity to make profit. Or do you have some reason/explanation to it?
2. 6%? How did you come up with this number? Once again, back up your claims with facts like how is 6% going to ensure "your liquidity is low".
3. No matter how much you say "follow your plan", it just won't work. The market is unpredictable.
4. Easy to say, but to suppress your emotions. If someone loses thousands of dollars, it is going to get them real hard.
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👉No stop loss: This happened to me once. I lost a chunk of my capital. Stop loss was created for a purpose use it for every one of your trade.
I think this is the most important of them all you highlighted above. Having no stop loss in your trade is similar to a car not having a break to prevent an accident from occuring and you know when it does occur, it'll lead to death or injuries which the car most likely will be destroyed in the process. Now imagine similar even happening to your trading funds in the exchange.
Stop loss isn't all about preventing your from losing but can be used in securing the profits you have recorded from you previous trading hours or days. The common recommendation is from 5% to 10% and this shouldn't always be from your entering point into a trade.
You can always increase your stop loss exiting price as the trades continue so as you take profit when a sudden drop is about the occur without you been active in the market.
It must be admitted that experiencing losses when trading must make all traders annoyed, therefore we should before deciding to trade learn
knowledge about trading. That way we will be able to avoid several causes of losing money when trading which have been mentioned in the opening
post.
In my opinion, the cause that causes the most traders to lose money is traded based on prediction, because most traders, especially newbies prefer
trading based on the signals given by other people who claim to be experts. Usually, the ones that give a lot of trading signals are the trading group
on telegram platforms. I think avoid trading like that, because it's not getting profit. But you can lose money.
knowledge about trading. That way we will be able to avoid several causes of losing money when trading which have been mentioned in the opening
post.
In my opinion, the cause that causes the most traders to lose money is traded based on prediction, because most traders, especially newbies prefer
trading based on the signals given by other people who claim to be experts. Usually, the ones that give a lot of trading signals are the trading group
on telegram platforms. I think avoid trading like that, because it's not getting profit. But you can lose money.
👉Trade based on predictions - Don't trade based on financial advice from someone on telegram or any of the social media platforms. Do your own research.
I think this is in the same context but, do not just ride in with the flow, make your researches and analysis about the coin/stock that you will be buying before totally engaging it. And if you see others gain from just joining the flow, don't be jealous, as this happening is just from luck. Stick with your gameplan
For people who do not know how to analyze the market, not many choices but to follow the predictions of others, therefore there is such a thing as a copy trade.
Nonetheless, you don't have to follow everything on the other side but determine your own goal and read the trend on the market, the pattern always repeated throughout history. For example, if bitcoin value increases, ethereum and litecoin are more likely to increase as well, it has been proven even at the moment, then your call to buy bitcoin, eth, or cheaper litecoin.
Hey guys, I recently started trading on Binance and I read books, watched videos on fundamental analysis, support and resistance. I try to improve myself on crypto trading and also on psychology aspect of trading. The path of a trader is not as easy as most think. It is quite different lifestyle portrayed on Instagram. You could be a trader for five years and you'd still not have enough knowledge or experience. Maintaining profitability is a tough challenge.
snip
All of those reasons that you posted can be summarized with a single word, and that word is ignorance, the fact that someone is buying or selling assets in a market does not make him a trader, what makes a trader is his knowledge about the market and how to take advantage of them, and unfortunately most of the people that trade the markets never take the time to actually read a book about the subject so they trade blindly without knowing what they are doing and sooner or later the market will punish them for such reckless behaviour making them lose most of their money in the process. snip
Imho fastest way to lose money when trading is to filter altcoins by maximum daily % gainer and buy this altcoin. It is like you want to jump in the last car of a money train, but you actually buying with highest available price. Using this method with all available funds will only faster the fastest way of loosing money.
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