Topic: Few Steps To Avoid Losses In Trading. - page 4. (Read 1539 times)
The main thing that I would advise you to devote enough time to is training. In my opinion, this aspect is extremely important and clearly requires preparation and work on the result.
A good trade is a summary of high profit made minus the losses to give a balance sheet of more profit and less losses. Keeping a trade as simple as possible at least for someone too new to crypto having a few portfolio is best. At most three coin with bitcoin as the major coin on the list is preferable. For every shit coin investment there is always gambling mindset no matter how one paints it. A simple portfolio is just perfect for non-pro traders
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.
I am Totally agree with you because many people loss their money in shitcoins. Shitcoins not have any future so I suggest every one to avoid trade in shitcoins. These Types of coins are pump and dump coins. And having high risk of lossing of your money.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.
But at the same time, people think that if they can buy that coin that is fraction of a cent, they could end up with getting richer than their wildest dreams if it is "just 1 dollar". Seen it a lot with shiba for example, if it was ever 1 dollar it would be insane, and the marketcap would be bigger than all of crypto combined, so how could it be there? We all know that it wouldn't be possible but yet newbies do not realize that and have a hope.
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.
If you start with trading shitcoins, then you can't expect that you won't experience losses somehow. Although trading with shitcoins may also profit sometimes, but if you are thinking for long term profits, then always trade with bitcoin and potential altcoins. That way, you know their value will never dump so much, but when it happens, they will also recover once the market starts to become stable. But for shitcoins, they will always stay dumping most of the time.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.
for shitcoin it's better when it's profitable to sell it immediately and don't think about holding it because it's most likely to make a loss,
and for the long term the top coin is the right choice and there is no doubt about it
I have a premise, always trade BTC and only trade shitcoin if only if when I have confirmation that BTC will enter a bullish trend, at that moment I wait for the correction of BTC to buy shitcoin and then wait for BTC to return to go up so that the shitcoin takes a value above 3x4x and then sell, because that is the way the market moves, but at the moment when the market is so volatile I would not dare to buy another currency that is not BTC .
There are people who buy many altcoins thinking that it is a good time, maybe it is, but they run the risk that their money will go lower if the BTC goes down.
The good part of investing in bitcoin is that it is safe but at the same time it is highly profitable once the right time comes for it. If you can't wait any longer then this coin is not for you but feel free to invest in those shitcoins.
Bitcoin rise while altcoins follow, if bitcoin bear market starts, altcoins also fall even more. So, what did you mean by if someone can not wait longer to buy altcoin, when altcoins are following bitcoin threads. What you probably meant is that altcoins can increase more during bull market, but there are few altcoins that people would have been expecting to increase but did not during bull market. I believe that we should be focusing a bit more towards what could be done with smaller cap stuff. Because if there is a thing with 2-3 million dollar market cap, with a big whale getting in, you could make insane returns from it. This is why during the hyped bull runs, alts could be a better place to profit.
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.
I am Totally agree with you because many people loss their money in shitcoins. Shitcoins not have any future so I suggest every one to avoid trade in shitcoins. These Types of coins are pump and dump coins. And having high risk of lossing of your money.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.
[bJFor short term trading I think it is still understandable but if we hold shitcoin for long term it is not recommended[/b],
the risk is indeed very high apart from that there are still more viable coin choices,
don't waste time on shitcoins because it's a shame
What's the point of "short term trading" for plebs like us? That money would have been used more efficiently by finding good Bitcoin DIPs to buy. It's only understandable if someone is a real professional trader who's making a living out of trading. Plebs like us? We'll be only taking more risks, less reward.
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.
I am Totally agree with you because many people loss their money in shitcoins. Shitcoins not have any future so I suggest every one to avoid trade in shitcoins. These Types of coins are pump and dump coins. And having high risk of lossing of your money.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.
the risk is indeed very high apart from that there are still more viable coin choices,
don't waste time on shitcoins because it's a shame
I think using Future trading is not without risk so it's better to avoid Future trading..maybe sometime you make big profit but one blow like Luna can make you Zero.
Spot trading is better choice and if any body have knowledge of charts then day trading is useful and profitable. It's better to use Binance,Coinbase,Ftx,Kucoin and Gate exchange for real time price and high volume of trading.
Don't invest all in one coin , Diversify your investment on top coins.
future trades only suitable for expert traders that experienced in spot trading. alot beginer start their future trades meanwhile didnt understand how analize market movement and risk management. only in single transaction future trade could liquidate our order while market move with high volatility. spot investment better due its risk lower than future trade and good for long term purpose.Spot trading is better choice and if any body have knowledge of charts then day trading is useful and profitable. It's better to use Binance,Coinbase,Ftx,Kucoin and Gate exchange for real time price and high volume of trading.
Don't invest all in one coin , Diversify your investment on top coins.
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.
I am Totally agree with you because many people loss their money in shitcoins. Shitcoins not have any future so I suggest every one to avoid trade in shitcoins. These Types of coins are pump and dump coins. And having high risk of lossing of your money. 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.
I think using Future trading is not without risk so it's better to avoid Future trading..maybe sometime you make big profit but one blow like Luna can make you Zero.
Spot trading is better choice and if any body have knowledge of charts then day trading is useful and profitable. It's better to use Binance,Coinbase,Ftx,Kucoin and Gate exchange for real time price and high volume of trading.
Don't invest all in one coin , Diversify your investment on top coins.
future trades only suitable for expert traders that experienced in spot trading. alot beginer start their future trades meanwhile didnt understand how analize market movement and risk management. only in single transaction future trade could liquidate our order while market move with high volatility. spot investment better due its risk lower than future trade and good for long term purpose. Spot trading is better choice and if any body have knowledge of charts then day trading is useful and profitable. It's better to use Binance,Coinbase,Ftx,Kucoin and Gate exchange for real time price and high volume of trading.
Don't invest all in one coin , Diversify your investment on top coins.
Considering the time of holding, Bitcoin is still the best asset to invest your money, there are many other projects that you can choose
but if you do like holding and waiting, top coins are best fit to that kind of investment. Long hold, but the benefits will surely let you enjoy.
It's on how willing you are taking the extra patience while waiting for your asset to grow according to how you perceive and how you
anticipate the delivered profits.
Since cheap coins can make 10x in a day so no wonder a lot of people forget the risk and gamble their money in shitcoins, it annoys me when they're crying about losing their money when they invest in shitcoins without realizing the risk. When the one got lucky they share with their friend so their friend follows him to the death trap and in the end they brag their loss on the internet.
Cheap coins are quite popular with traders, because they have the opportunity to generate large profits in the short term. Because cheap coins
are usually mostly shitcoins that are used for pump and dump schemes, the price is very volatile. Indeed, the risk is very high if we trade
cheap coins, but as you said it is quite possible to make 10x profit in a day. But because of the high risk, it is certain that there is a possibility
that we will experience big losses if the movement of the cheap coins we buy does not match expectations. That is the importance of
the stop-loss feature when we trade cheap coins, so that we avoid big losses. In conclusion, whatever coins we choose when trading is our
own responsibility, so to become a successful trader is not easy. We sometimes have to make several mistakes that result in losses,
which ultimately teaches us how to trade well.
1) Have good knowledge about Trading
It is absolutely the basic that we must have before trading. Trading with knowledge also still has risks.Moreover if trading without knowledge at first, it is pure gambling with no skill and ability. 3) Master Your Trading Strategy
This is one of the most difficult things in trading. Sometimes, we think that the strategy has been clear and also fixed for us, but unfortunately, it is wrong and makes us loses. This may need some trial and error, but not too much. With some experience, this will be gonna be better4) Understanding The Power Of Risk Taking
Indeed, many newbies don't think about the risks that they may take before trading, they only focus on the profits at first without considering the risks that they take. We must know whether we are low-risk takers or high-risk takers. Some other things that we must have is a good management of money to invest or trading, including we are trading for Future market or Spot market only. This needs certain money management
I'd preferred to just use 2 exchanges as it was very manageable. But, this needs to focus and spend more time on the computer.
And in regards to time frame, a shorter time frame is the best, well 5 minutes is enough. But I never recommend this strategy to newbies, that certainly be risky for them as beginners as the use of leverage trading are just for experienced traders and day-traders.
Yes, it was good to use stop-loss for fund protection and avoid big losses. This needs to master as well and must apply in all trading forms.
Using multiple exchanges diversifies your portfolio and your trading very equally. Which means that the risk is lower, sure you may not earn as much but you will be able to not lose too much as well. Sometimes people need to ask themselves, do I want to earn 100% profit with a risk of losing 80%, or do I want to earn 20% with a risk of 5% loss?And in regards to time frame, a shorter time frame is the best, well 5 minutes is enough. But I never recommend this strategy to newbies, that certainly be risky for them as beginners as the use of leverage trading are just for experienced traders and day-traders.
Yes, it was good to use stop-loss for fund protection and avoid big losses. This needs to master as well and must apply in all trading forms.
I usually end up being in the second group, because I rather have a low losing risk, which in our crypto world is a big ask, because we have even bitcoin dropping significantly as we have seen recently, but it is definitely not a big deal. All in all, we just need to end up being a bit more patient and it will all go right.
Considering the time of holding, Bitcoin is still the best asset to invest your money, there are many other projects that you can choose
but if you do like holding and waiting, top coins are best fit to that kind of investment. Long hold, but the benefits will surely let you enjoy.
It's on how willing you are taking the extra patience while waiting for your asset to grow according to how you perceive and how you
anticipate the delivered profits.
Since cheap coins can make 10x in a day so no wonder a lot of people forget the risk and gamble their money in shitcoins, it annoys me when they're crying about losing their money when they invest in shitcoins without realizing the risk. When the one got lucky they share with their friend so their friend follows him to the death trap and in the end they brag their loss on the internet.
Considering the time of holding, Bitcoin is still the best asset to invest your money, there are many other projects that you can choose
but if you do like holding and waiting, top coins are best fit to that kind of investment. Long hold, but the benefits will surely let you enjoy.
It's on how willing you are taking the extra patience while waiting for your asset to grow according to how you perceive and how you
anticipate the delivered profits.
Over the years I have come in contact with so many traders and 65% of them have always complained about not making a profit in their trading when asked the reasons behind their losses they have always responded by saying this,( bad luck). You can not make profit in trading without observing the trading rules.
Here Are A Few Steps To Avoid Losses In Trading:
1) Have good knowledge about Trading: In order to avoid losses in trading, I advise every trader and those intending to venture into trading to get knowledge of trading first before trading. Go for online classes(Youtube) for a pre-trading experience, register for mentorship classes, and onsite classes for a fast and better understanding.
Note: Learn To Earn.
2) Trade With Well Known Trading Platforms Only: To avoid losses as a trader, ensure you trade with the recognized trading platforms, e.g, Bitfinex, Binance, Huobi, Coinbase, Bittrex, kucoin, be careful and don't trade with an unfamiliar trading platform.
Note: Walk with the wise you become wiser.
3) Master Your Trading Strategy: Traders who make huge profits in trading have one secret which they do not share that is their trading stategy. They master one trading pattern and they work with it, when you master your strategy, you will trade with confidence you will jump around looking for signals or analysis before trading.
Note: Stick to what works for you.
4) Understanding The Power Of Risk Taking: As a trader, taking a risk in trading is good but knowing when to take the risk is better, so many traders lose money in trading because they believe that everything about trading is risk-taking no, you only take cross-examined and calculated risk only in trading this will help you to stop even when your profit margin is high.
Note: We trade to grow not grief.
Summary: Your profit must be greater than your losses if your a good trader so trade with wisdom.
I will also share my version of the trading strategy in this topic tooHere Are A Few Steps To Avoid Losses In Trading:
1) Have good knowledge about Trading: In order to avoid losses in trading, I advise every trader and those intending to venture into trading to get knowledge of trading first before trading. Go for online classes(Youtube) for a pre-trading experience, register for mentorship classes, and onsite classes for a fast and better understanding.
Note: Learn To Earn.
2) Trade With Well Known Trading Platforms Only: To avoid losses as a trader, ensure you trade with the recognized trading platforms, e.g, Bitfinex, Binance, Huobi, Coinbase, Bittrex, kucoin, be careful and don't trade with an unfamiliar trading platform.
Note: Walk with the wise you become wiser.
3) Master Your Trading Strategy: Traders who make huge profits in trading have one secret which they do not share that is their trading stategy. They master one trading pattern and they work with it, when you master your strategy, you will trade with confidence you will jump around looking for signals or analysis before trading.
Note: Stick to what works for you.
4) Understanding The Power Of Risk Taking: As a trader, taking a risk in trading is good but knowing when to take the risk is better, so many traders lose money in trading because they believe that everything about trading is risk-taking no, you only take cross-examined and calculated risk only in trading this will help you to stop even when your profit margin is high.
Note: We trade to grow not grief.
Summary: Your profit must be greater than your losses if your a good trader so trade with wisdom.
- Timeframe - 5 minutes
- Look for a big accumulation of highs or lows and use them to draw the level
- When this level breaks through, go in the direction of the trend, put a stop-loss outside the high or low
- Keep the risk/reward ratio of 1 to 3
- Use no more than 4x leverage (Cexes – Binance, Kraken; Dexes – Wowswap or Ddex)
- Profit!
It's not that easy, or else everyone would be making easy profit everyday, and if everyone is making easy profit everyday, who are the people losing? For every trade, there's always a counter-trade against you who also believes that he/she is right. Better to just buy the DIP and HODL, and make it hard for the "traders" to get what they want most from you. Your Bitcoins.
The good part of investing in bitcoin is that it is safe but at the same time it is highly profitable once the right time comes for it. If you can't wait any longer then this coin is not for you but feel free to invest in those shitcoins.
Bitcoin rise while altcoins follow, if bitcoin bear market starts, altcoins also fall even more. So, what did you mean by if someone can not wait longer to buy altcoin, when altcoins are following bitcoin threads. What you probably meant is that altcoins can increase more during bull market, but there are few altcoins that people would have been expecting to increase but did not during bull market. Indeed that some of the coins that you mentioned are not a shitcoin but they are just a normal altcoin but dogecoin and shiba inu are meme coins and also termed by the many as shitcoins. They can be risky for longer terms. The only interesting part is we have been in a long term bear market but shitcoins like shib and doge are still alive and expected to recover once this bear market ends but other than the low marketcap, shitcoins also have a huge number of supply.
I have not seen doge and shiba inu to be shitcoins, they are not yet, coins like Luna is a shitcoin because of what happened to the coin recently, but doge and shiba inu are just doing like other good altcoins, if they are regarded as shitcoin, then almost all coins in the first 100 in ranking should be considered as shitcoins. The coins I mentioned all individually having marketcap of billion dollars. Bitcoin was $3800 in 2019, but its price increase to $69000 last year which was its all-time-high. Assuming someone bought bitcoin at $5000 in 2019 and sell at $50000 in 2021. Is that not 10x? Isn't that enoght?
Some coins like Doge, Zilliqa, Shiba Inu increased significantly. Even if Shiba Inu was still new, Doge and Zilliqa and some others were not new but inceeased over 100x. How about Ravincoin, it increased 100x. Those were never and never now shit coins but altcoins.
I will not go deeper into this discussion because I do not know what you mean as shitcoin, some people call any other coin that is not bitcoin to be shit coin. But, shit coins are coins that have a very low marketcap in a way that bear market can make them become dead.
The good part of investing in bitcoin is that it is safe but at the same time it is highly profitable once the right time comes for it. If you can't wait any longer then this coin is not for you but feel free to invest in those shitcoins.Some coins like Doge, Zilliqa, Shiba Inu increased significantly. Even if Shiba Inu was still new, Doge and Zilliqa and some others were not new but inceeased over 100x. How about Ravincoin, it increased 100x. Those were never and never now shit coins but altcoins.
I will not go deeper into this discussion because I do not know what you mean as shitcoin, some people call any other coin that is not bitcoin to be shit coin. But, shit coins are coins that have a very low marketcap in a way that bear market can make them become dead.
Indeed that some of the coins that you mentioned are not a shitcoin but they are just a normal altcoin but dogecoin and shiba inu are meme coins and also termed by the many as shitcoins. They can be risky for longer terms. The only interesting part is we have been in a long term bear market but shitcoins like shib and doge are still alive and expected to recover once this bear market ends but other than the low marketcap, shitcoins also have a huge number of supply.
I think using Future trading is not without risk so it's better to avoid Future trading..maybe sometime you make big profit but one blow like Luna can make you Zero.
Spot trading is better choice and if any body have knowledge of charts then day trading is useful and profitable. It's better to use Binance,Coinbase,Ftx,Kucoin and Gate exchange for real time price and high volume of trading.
Don't invest all in one coin , Diversify your investment on top coins.
Stepping yourself inside Future is something not really that recommended specially if you are still noob.You would be finding for yourself to be fucked in the most fastest way which blown up your Spot trading is better choice and if any body have knowledge of charts then day trading is useful and profitable. It's better to use Binance,Coinbase,Ftx,Kucoin and Gate exchange for real time price and high volume of trading.
Don't invest all in one coin , Diversify your investment on top coins.
entire capital.
So better stick with spot and practice out with small amounts as long you do gain up some experience.If you are really that eager on stepping yourself with Future then its your
choice but you should really be aware of yourself in terms of risk management because its really hard to deal with a market where it is totally unpredictable and cant really be that
easily to be handled.
I have seen a lot of people getting liquidated in futures trading.
So if you don't know what you are getting into, better keep yourself on spot trading.
And a very good example today is those people who are into futures with Luna.
Some may indeed lost all their life's savings with this project. And that will be their biggest lesson in this market.
If you want to minimize the losses, for one, choose the reputable trading platform.
And then, when are trading coins, you should have knowledge of the coin your are trading with. Don't trade blindly.
I think using Future trading is not without risk so it's better to avoid Future trading..maybe sometime you make big profit but one blow like Luna can make you Zero.
Spot trading is better choice and if any body have knowledge of charts then day trading is useful and profitable. It's better to use Binance,Coinbase,Ftx,Kucoin and Gate exchange for real time price and high volume of trading.
Don't invest all in one coin , Diversify your investment on top coins.
Stepping yourself inside Future is something not really that recommended specially if you are still noob.You would be finding for yourself to be fucked in the most fastest way which blown up your Spot trading is better choice and if any body have knowledge of charts then day trading is useful and profitable. It's better to use Binance,Coinbase,Ftx,Kucoin and Gate exchange for real time price and high volume of trading.
Don't invest all in one coin , Diversify your investment on top coins.
entire capital.
So better stick with spot and practice out with small amounts as long you do gain up some experience.If you are really that eager on stepping yourself with Future then its your
choice but you should really be aware of yourself in terms of risk management because its really hard to deal with a market where it is totally unpredictable and cant really be that
easily to be handled.
Jump to: