Few Steps To Avoid Losses In Trading.

Lanatsa

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Quote from: Munir575 on September 19, 2022, 08:58:28 AM

Those are wise moves, make your own independent investigation into coins, even those that may be popular at the moment, since you may learn something that few others would. Try to choose an entry point where even a loss would not be significant. Make sure your profit always exceeds your loss. Try coming up with a strategy for your trading. Learn every trading technique and experience there is to offer. Never be afraid of loss because Loss has always been a part of trading, but if you learn from them and have a solid risk management plan, you can minimize them. Your inadequate trading strategy is to blame for half of your losses.

Everything would really be depending on your own research plus having those decisions to be made according into your own analysis and just like on what others been saying that its never been simple on dealing on

a market which is totally unpredictable and there's no way that you could really make yourself on having no loss kind of record when you do make trades.Come to think that even professionals and veteran traders do

suffer losses but eventually they do able to handle up themselves on sustain and being profitable despite of those losses which they do make out good decisions in regarding reward:risk ratio
and some sort of luck when doing trading.

Munir575

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Those are wise moves, make your own independent investigation into coins, even those that may be popular at the moment, since you may learn something that few others would. Try to choose an entry point where even a loss would not be significant. Make sure your profit always exceeds your loss. Try coming up with a strategy for your trading. Learn every trading technique and experience there is to offer. Never be afraid of loss because Loss has always been a part of trading, but if you learn from them and have a solid risk management plan, you can minimize them. Your inadequate trading strategy is to blame for half of your losses.

pgbit

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To avoid losses, always choose coins that have a high market cap and low circulation supply.Always invest in a strong and quality project. To avoid losses, look at the project from all angles. Try to choose coins that have been in the market for a long time. Coins from new projects can prove to be risky.Always invest in different coins so you won't lose by losing one coin.Always divide your capital into different parts. Don't invest all at once. Keep buying little by little in every bear market.Always use stop loss in short term investment.The support points and resistance points of the coins to be invested in should be known.When the market falls, one who invests in coins should not worry about their price falling and should not sell in panic situation,Always hold your coins in such a situation.

Oilacris

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Quote from: sulendra12 on September 18, 2022, 02:38:00 PM

Quote from: GiftedMAN on May 07, 2022, 06:15:03 AM

Note: Stick to what works for you.

Other people strategy may not work for you and not suitable to you for whatever reasons. So, this point is true. You have to seek for the best strategy that suits your "trading style", not just a strategy that gives you a big bag but it doesn't learn you anything rather than just follow the up tutorial and once the case is not included in the tutorial, you will be fucked. That's what I have been witnessing so far.

Tons of strategies but some of them may not suitable for you

We do have to create our own and as said that there are tons of strategies and even just using into others strategies or simply copying them wont really guarantee out the same success rate compared into others because there are several factors which would really affect the outcome and emotion would be the number one thing since decision making whether you do sell or hold a little bit more kind of scenarios or conditions will really be varying on someones risk management and emotional control which we know that it do really differs from person to person.

Losses is something you cant really avoid when you do make out some trades but doesnt mean that you couldnt minimize it.Trading does involves lots of trials and errors
and you would need to find on what trading style would you fit out and make yourself sustainable at least.

sulendra12

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Quote from: GiftedMAN on May 07, 2022, 06:15:03 AM

Note: Stick to what works for you.

Other people strategy may not work for you and not suitable to you for whatever reasons. So, this point is true. You have to seek for the best strategy that suits your "trading style", not just a strategy that gives you a big bag but it doesn't learn you anything rather than just follow the up tutorial and once the case is not included in the tutorial, you will be fucked. That's what I have been witnessing so far.

Tons of strategies but some of them may not suitable for you

Awwal08

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Quote from: kapalmabur on September 18, 2022, 09:23:30 AM

Even so, everyone's level of patience is different and it must be admitted that patience is not easy,
Trading is not just about patience but knowledge and skills are also important

In everything you want to do in this world you need to have knowledge and skills of it before venture into it, not only for trading but anything. Trading requires patience alot before knowledge and skills, because you can't start learning and get it at that moment it also requires patience. Patience is number one factor.

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Quote from: KennyR on September 17, 2022, 06:37:51 PM

Whether it is trading or to make profit out of holding patience is a must, because hold for long term to experience the best profiting. Same as that to experience the best of trading out of the minor price variation we need patience. If not, trading is not the right thing for you. Greediness with trading won't happen when you have made a profit out of the same cryptocurrency earlier.

Even so, everyone's level of patience is different and it must be admitted that patience is not easy,
Trading is not just about patience but knowledge and skills are also important

Charles-Tim

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Quote from: gunhell16 on September 18, 2022, 08:08:22 AM

Are the shitcoins you are referring to the meme coins, Sir? Because most meme coins are said by others to be shitcoins. Like Dogecoin, Babydoge, Shiba Inu, Floki, like this can you say shitcoins?

What kind of shitcoins are you referring to Sir? I'm sorry so that other forum members can know what shitcoins are so that they don't go astray, thank you sir for answering my question.

Highly volatile coins. I prefer bitcoin because it is not highly volatile. But you can trade some altcoins if you have make your research about it that it is not highly volatile. Some traders can be good, but if they choose the wrong coins, they may continue to fail while trading and making no profit just because of the coin used for trading. Although, successful trading is beyond that, but shit coins can affect trading profitability.

gunhell16

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Quote from: Charles-Tim on May 07, 2022, 06:47:56 AM

Let me add one more

Do not trade with shitcoins

If you trade with shitcoins, it can be the beginning of losses, if the trade does not favour you, you could have lost most of your trading funds until you realize what shitcoins are.

Some coins are also just like not rising during bull run but continue to be stagnant or fall, until the bear crypto begin and the shitcoin continue to fall more than others. That would indeed be a pain in the ass.

Are the shitcoins you are referring to the meme coins, Sir? Because most meme coins are said by others to be shitcoins. Like Dogecoin, Babydoge, Shiba Inu, Floki, like this can you say shitcoins?

What kind of shitcoins are you referring to Sir? I'm sorry so that other forum members can know what shitcoins are so that they don't go astray, thank you sir for answering my question.

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Quote from: Marykeller on September 18, 2022, 06:39:52 AM

There are some people, because of the quality of their thoughts in trading, the excellence in their performance when trading, and the positivity in their lives, if you keep them around you, you will thrive, and excel in trading.

These are people who have lasting success and enduring happiness is always within their grasp.

Find them, and surround yourself with them if you want to understand trading well.

how to find such a person and willing to give what he knows and has from trading knowledge to us who are newbies in trading?
I always thought people who have such extraordinary knowledge and skills must also lose in their trading.
what makes the difference is the way they make backup plans when their first plans fail due to other factors. some newbies will frantically exit the market when it comes to losses. that's what's happening right now.

Marykeller

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Quote from: Marykeller on September 17, 2022, 04:29:13 AM

Quote from: GiftedMAN on May 07, 2022, 06:15:03 AM

Note: Walk with the wise you become wiser.

That's the best advice I have learnt so far in life not only trading. You can't be wise on your own, you needed someone to guide and project ideas into you(to put you through) You will be wise when you mingle and interact with wise people

Quote from: GiftedMAN on May 07, 2022, 06:15:03 AM

Note: Stick to what works for you.

Crypto trading is very hard to master but once you mastered one procedure that favours you, keep sticking up to it, no matter how little it is.

Am yet to master any crypto trading pattern. That's why am staying far from it. Not to get involved in what I can't figure out its winning pattern

We must be with people who could help us grow in trading. People who have something to impart especially in times of confusion. Trading would be a long process of learning so having people beside us who could guide us is a big thing. Also, seeking a strategy that will fit our journey is necessary. Not every strategy applies to us so we better be wise in choosing.

There are some people, because of the quality of their thoughts in trading, the excellence in their performance when trading, and the positivity in their lives, if you keep them around you, you will thrive, and excel in trading.

These are people who have lasting success and enduring happiness is always within their grasp.

Find them, and surround yourself with them if you want to understand trading well.

KennyR

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Whether it is trading or to make profit out of holding patience is a must, because hold for long term to experience the best profiting. Same as that to experience the best of trading out of the minor price variation we need patience. If not, trading is not the right thing for you. Greediness with trading won't happen when you have made a profit out of the same cryptocurrency earlier.

Marykeller

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Quote from: GiftedMAN on May 07, 2022, 06:15:03 AM

Note: Walk with the wise you become wiser.

That's the best advice I have learnt so far in life not only trading. You can't be wise on your own, you needed someone to guide and project ideas into you(to put you through) You will be wise when you mingle and interact with wise people

Quote from: GiftedMAN on May 07, 2022, 06:15:03 AM

Note: Stick to what works for you.

Crypto trading is very hard to master but once you mastered one procedure that favours you, keep sticking up to it, no matter how little it is.

Am yet to master any crypto trading pattern. That's why am staying far from it. Not to get involved in what I can't figure out its winning pattern

sklopan

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I would call experience for a trader the most important aspect for success. Otherwise, it will be extremely difficult to get the result, it is important to understand this.

LUCKMCFLY

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Do you think that if it is about trading crypto, the first and only step would be to review the price of btc, how can its movement be, if you can determine what is most likely to happen, if it goes up, if it goes down, if it lateralizes, all this It is important to keep in mind so that you can make a good movement and have clarity in the trades, the reason is simple, all altcoins depend on BTC and if you do a good analysis on an altcoin and suddenly you enter the market but BTC price drops, the analysis goes to the floor, it would not do any good because the altcoin would clearly go very low, it would bleed a lot.

SaveOurSea

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Quote from: wiss19 on June 12, 2022, 12:03:51 PM

You can follow up on what's going to happen with the crypto world, and some advices, suggestions, tips or whatever you want to call it. But know that at some times, even the most normal and "should" things end up being not so correct. This is why it is highly suggested for people to keep their emotions in check, their knowledge in check, and just go with the flow of the market at certain periods.

I am not saying that you should not check advices or anything, there are amazing suggestions here, and in other topics as well, and if you read up on all answers or so, you will perfect your trading. All I am saying is that, it is not always like that at all times.

I understand what you mean and indeed things like that must be considered too because if you only rely on advice from other people for our trading it's not good,
That's why it's important to have the knowledge, skills, and emotional control.
but on the other hand we must also realize that it will not be possible to avoid continuous losses in trading because that is also part of trading

Alisha-k

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Losses can not be avoided completely but can be managed. Greed is one thing that can erupt massive losses along side emotions and fear. To be on a safer end avoiding shit coin and scam projects will do just fine. If the market looks too confusing close the trade and come back again some other time. never force a trade when the signal isn't strong enough. The crypto world is full of risk keeping the profit margin visible saves too.

wiss19

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You can follow up on what's going to happen with the crypto world, and some advices, suggestions, tips or whatever you want to call it. But know that at some times, even the most normal and "should" things end up being not so correct. This is why it is highly suggested for people to keep their emotions in check, their knowledge in check, and just go with the flow of the market at certain periods.

I am not saying that you should not check advices or anything, there are amazing suggestions here, and in other topics as well, and if you read up on all answers or so, you will perfect your trading. All I am saying is that, it is not always like that at all times.

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Quote from: Rockstarguy on June 11, 2022, 02:29:16 PM

Quote from: ?? on ??

First of all, I would advise you to devote enough time to learning. This aspect is essential for success. When I started working with a broker from Amarkets, I worked on a demo account for a long time to get a positive result.

Their is nothing more than spending time in learning, time wasted to learn pays a lot . I think spending time to learn with demo account is a good way to practice trading and to be skillful. Some beginners feels demo account can't offer much to learn trading skill, they jump into the real trading to get the real experience thinking it is what can be handled and it eventually becomes tough. No need to rush it is better to spend much time to be perfect.

By doing those practice trades, you are also practicing how can you deal with patience. Those who jump right away to live trades

will suffer from huge losses and then realize that learning the hard ways can be avoided if they spend a longer time doing those practices,

If you have that opportunity to keep enhancing your knowledge, it's better to work on it before jumping into conclusion or deciding to

start your trade with lesser knowledge.

Rockstarguy

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Quote from: ?? on ??

First of all, I would advise you to devote enough time to learning. This aspect is essential for success. When I started working with a broker from Amarkets, I worked on a demo account for a long time to get a positive result.

Their is nothing more than spending time in learning, time wasted to learn pays a lot . I think spending time to learn with demo account is a good way to practice trading and to be skillful. Some beginners feels demo account can't offer much to learn trading skill, they jump into the real trading to get the real experience thinking it is what can be handled and it eventually becomes tough. No need to rush it is better to spend much time to be perfect.

Topic: Few Steps To Avoid Losses In Trading. (Read 1791 times)