Few Steps To Avoid Losses In Trading. - page 6.

Oceat

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Quote from: carlisle1 on May 12, 2022, 09:28:40 AM

Quote from: Oceat on May 11, 2022, 06:58:07 PM

Those who trade at short term will gain little profit than losses so I think it's not advisable if the strategy is not fit to what you want to achieve. And choosing altcoins/shitcoins over Bitcoin is a bad choice if you are really planning to make some huge profit in the future that means holding Bitcoin for a long time. Bitcoin price may drop but when it's time to pump the return is more than what you think you would deserve so make a plan and strategy if you really want to trade wisely with crypto.

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.

If choosing a certain project makes you think it's worth it, you should think again because most of them aren't as useful and profitable like Bitcoin or Ethereum. Most of them just pump because of the hype but after that it will just dump and there's no way it will grow back again. It's not worth the risk and if you want to gamble then proceed at your own risk because we've been warned already that those altcoins were good at pump and dump and nothing else.

carlisle1

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Quote from: Oceat on May 11, 2022, 06:58:07 PM

Those who trade at short term will gain little profit than losses so I think it's not advisable if the strategy is not fit to what you want to achieve. And choosing altcoins/shitcoins over Bitcoin is a bad choice if you are really planning to make some huge profit in the future that means holding Bitcoin for a long time. Bitcoin price may drop but when it's time to pump the return is more than what you think you would deserve so make a plan and strategy if you really want to trade wisely with crypto.

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.

GiftedMAN

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Quote from: Silberman on May 07, 2022, 12:05:08 PM

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

...

Without a doubt this is good advice, I will also say that having a defined level in which you will not tolerate more losses and cut them, also known as a stop loss, is very important if you plan to make money for the long term on this market, and the reason for this is simple, many traders do not like to admit they did anything wrong and when they are facing some losses instead of closing their trade they keep it open expecting for a reversal, and when it happens and they avoid losing a small amount of money they are happy about it, but eventually they will find out that the market does not always makes a reversal and instead of the price plummets, and that is when they lose a massive amount of money.

@Silberman thanks for the encouragement and contribution. Traders must learn to close their trade when the market is not favorable to them, otherwise, they will keep more than what they should have lost. Setting a stop loss helps better.

Hypnosis00

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It is very clear that trading is risky, no matter what we do, no matter how careful we are and apply those things that OP had mentioned, this still won't give such assurance. Might to say we can minimize our losses but not in a thing that we can avoid it as certainly was a part of trading journey. Whether we like it or not, it actually exists in real life.

The thing that we can do is to always be prepared, learn from our mistakes, and take action to help prevent them.

nur rochid

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Quote from: Kasabus on May 11, 2022, 05:57:52 PM

Quote from: doomloop on May 11, 2022, 11:29:21 AM

Quote from: Emitdama on May 08, 2022, 11:24:43 AM

Trading is treated same as gambling. They have huge risks and guaranteed earnings at all times are not possible with them. If only a 100 percent win rate is possible, all of us are now going to switch to trading and all of us are going to be rich in no time. If one's stop loss is tight, that means that he will only lose less but a small loss is still considered as a loss although it can be easily recovered.

That’s just how the market is meant to be, there will always be people who are losing and there are also those who will be making money. When you are losing there is someone else who is making money, that is just the market for you.

And it is much better that you experience small loss, than a huge loss, because small losses can easily be recovered as you have said, and if you are able to make use of stop loss the right way, this tool would go a long way in helping you. What really matters is if you are making profit at the end of the month, and not really what you have achieved in a day.

You won't be trading just for short term profiting but it should be for long term. However, if you trade with shitcoins, expect that the profits will only be temporary. And no matter what you do in trading, there will always be losses that's inevitable. The good thing is, if you trade with the right coins, you will learn to maximize your gains over your losses. That makes trading different from losses.

the use of stoploss will indeed give us a healthy trade, so that either profit or loss the graph will certainly be readable, this aims to correct ourselves with the learning developments that we have been doing so far. therefore it is very important the meaning of discipline to improve the quality of our trading, so that losses if they occur can be measured, as well as the profits we achieve

Oceat

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Quote from: Kasabus on May 11, 2022, 05:57:52 PM

Quote from: doomloop on May 11, 2022, 11:29:21 AM

Quote from: Emitdama on May 08, 2022, 11:24:43 AM

Trading is treated same as gambling. They have huge risks and guaranteed earnings at all times are not possible with them. If only a 100 percent win rate is possible, all of us are now going to switch to trading and all of us are going to be rich in no time. If one's stop loss is tight, that means that he will only lose less but a small loss is still considered as a loss although it can be easily recovered.

That’s just how the market is meant to be, there will always be people who are losing and there are also those who will be making money. When you are losing there is someone else who is making money, that is just the market for you.

And it is much better that you experience small loss, than a huge loss, because small losses can easily be recovered as you have said, and if you are able to make use of stop loss the right way, this tool would go a long way in helping you. What really matters is if you are making profit at the end of the month, and not really what you have achieved in a day.

You won't be trading just for short term profiting but it should be for long term. However, if you trade with shitcoins, expect that the profits will only be temporary. And no matter what you do in trading, there will always be losses that's inevitable. The good thing is, if you trade with the right coins, you will learn to maximize your gains over your losses. That makes trading different from losses.

Those who trade at short term will gain little profit than losses so I think it's not advisable if the strategy is not fit to what you want to achieve. And choosing altcoins/shitcoins over Bitcoin is a bad choice if you are really planning to make some huge profit in the future that means holding Bitcoin for a long time. Bitcoin price may drop but when it's time to pump the return is more than what you think you would deserve so make a plan and strategy if you really want to trade wisely with crypto.

Kasabus

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Quote from: doomloop on May 11, 2022, 11:29:21 AM

Quote from: Emitdama on May 08, 2022, 11:24:43 AM

Trading is treated same as gambling. They have huge risks and guaranteed earnings at all times are not possible with them. If only a 100 percent win rate is possible, all of us are now going to switch to trading and all of us are going to be rich in no time. If one's stop loss is tight, that means that he will only lose less but a small loss is still considered as a loss although it can be easily recovered.

That’s just how the market is meant to be, there will always be people who are losing and there are also those who will be making money. When you are losing there is someone else who is making money, that is just the market for you.

And it is much better that you experience small loss, than a huge loss, because small losses can easily be recovered as you have said, and if you are able to make use of stop loss the right way, this tool would go a long way in helping you. What really matters is if you are making profit at the end of the month, and not really what you have achieved in a day.

You won't be trading just for short term profiting but it should be for long term. However, if you trade with shitcoins, expect that the profits will only be temporary. And no matter what you do in trading, there will always be losses that's inevitable. The good thing is, if you trade with the right coins, you will learn to maximize your gains over your losses. That makes trading different from losses.

Silberman

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Quote from: jrrsparkles on May 10, 2022, 07:28:57 AM

Quote from: ?? on ??

I believe the following are the reasons why people fail in trading:

Having no firm plan.
Directly entering the trading market without any prior knowledge
Thinking in the short term.
There is no goal.
Putting money into the trade that you cannot afford to lose.
Making decisions based on excitement, emotions, and unconfirmed information.
Purchasing low-cost coins.
FOMO

And the solution to all of these issues is to join the crypto trading signals group, where professional traders share signals, analysis, and tips on how to trade more effectively. I've been following MyCryptoParadise for a while now because of all the helpful tips and tricks they've given me. Furthermore, regardless of the market, their crypto trading signals are extremely beneficial to me.

All the reasons you have listed above are right but the solution you gave isn't the solution to the actual problem but just to satisfy your financial needs. Roll Eyes

Signal groups will make you lose more, don't pay attention to so called expert predictions because there is no expert in cryptocurrencies, just do your own analysis and make money.

Correct, there are two solutions to all of those problems, the first one and the easiest out of the two is to recognize your lack of ability and stop trading, this way you are not going to fall in all of the mistakes a trader makes during their career, the second option is to dedicate a huge amount of effort to study the markets and learn to trade on your own, it is not easy but it is the only solution that allows you to obtain profits in any market.

doomloop

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Quote from: Emitdama on May 08, 2022, 11:24:43 AM

Trading is treated same as gambling. They have huge risks and guaranteed earnings at all times are not possible with them. If only a 100 percent win rate is possible, all of us are now going to switch to trading and all of us are going to be rich in no time. If one's stop loss is tight, that means that he will only lose less but a small loss is still considered as a loss although it can be easily recovered.

That’s just how the market is meant to be, there will always be people who are losing and there are also those who will be making money. When you are losing there is someone else who is making money, that is just the market for you.

And it is much better that you experience small loss, than a huge loss, because small losses can easily be recovered as you have said, and if you are able to make use of stop loss the right way, this tool would go a long way in helping you. What really matters is if you are making profit at the end of the month, and not really what you have achieved in a day.

topman21

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Quote from: Peanutswar on May 07, 2022, 07:02:33 AM

I have my basic tips for trading

1. Avoid being part of any social media platform that is giving only their speculations. Learn from your own. Just get knowledge to become dependent to them
2. Invest in your knowledge
3. Trade what you afford to lose.
4. Make a trading plan
5. Learn basic fundamentals.
6. STOP LOSS and TAKE PROFIT

We know how so hard to make a trade that this might affect our emotional, mental and physical state to making a decision in trading. Always make sure you are suitable to make a trade don't make a transaction if you think you doubt.

I have found many arguments in your words. In order to trade, you must withdraw the signals that will be given to you by different media or from different sites.You just have to be more discriminating with the help you render toward other people.If you do not have a good understanding of trading then there is no need for you to trade.Then at that moment you will lose your funds.If a trader follows the mediums that you have mentioned then he will be able to walk the path of trading without any difficulty.

Rengga Jati

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

1) Have good knowledge about Trading: In order to avoid losses in trading,
Note: Learn To Earn.

This is the basic thing when we are going to trade or even invest in the crypto industry or even other businesses. Without good knowledge, we may do trading only based on hype, following other people, and also like gambling because of luck only.
Learning not only about trading knowledge but also crypto in general, some ways to analyze the market both technical analysis and also fundamental analysis. And this may be not easy that is why it needs a continuous learning process.

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

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

Exactly, many newbies are trapped on the small exchanges until they lose their funds, their assets, and also probably their trust in the crypto industry. Moreover, if the exchange is a small and non-reputable exchange, this will be very risky,

darewaller

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Quote from: jrrsparkles on May 10, 2022, 07:28:57 AM

All the reasons you have listed above are right but the solution you gave isn't the solution to the actual problem but just to satisfy your financial needs. Roll Eyes

Signal groups will make you lose more, don't pay attention to so called expert predictions because there is no expert in cryptocurrencies, just do your own analysis and make money.

Signal groups will end up making you lose so much money and many people do not realize this unfortunately. I personally believe that we should not be focusing on others to make us rich, most of the time it should be something that is we personally find that will make us get rich. Why would anything that others say get us rich when they could keep it to themselves and get rich that way?

Realize that signal groups buy themselves first, then hope that with enough hype on their group, they could make it pumped, and sell, and then they will tell you to sell, and dump. That is why you should always stay away from those type of places at all times.

Oilacris

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Quote from: Charles-Tim on May 10, 2022, 10:09:57 AM

Quote from: Kasabus on May 09, 2022, 06:30:46 PM

If you can stay profitable investing in shitcoins, then why not? After all, its certain to us that shitcoins can give us huge profits even in a short period of time, but we should also take caution and learn to monitor more the market as well so that we won't end up selling them in loss. Smart people never stop themselves from investing in shitcoins, but somehow they are quick enough to determine when those shitcoins become not profitable anymore.

Shitcoins will most likely lead to losses, the best is to avoid such coin, not all altcoins are shitcoins, the altcoins with high liquidity and high marketcap are not shitcoins, why not just go for such coins rather than shitcoins. Although, the best I can recommend is bitcoin which is safer and not volatile unlike altcoins, but shitcoins can be most volatile and yet someone can buy shitcoin and remain of low liquidity and price fall.

There are people who do really love to play with fire thats why they do really intent to touch up low cap coins which they are risking it out just because they do love possible multiple folds when it comes to

profits even though the risk is higher then some do knows about that and some who just go with the hype or someone who had recommended that but if we do talk about potential and chances then

we know on how low it is but there are really people who do love to take these paths which its their choice after all.

barbara44

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Yeah, when it comes to training on trading, I think it all depends on the person. Some of us will really don’t understand it when we are watching videos or reading contents online, so for people like this,it is always best for them to register for on site classes where they would have to be taught face to face, they can be able to practice on this by having their teachers or mentors to guide them through it while they are there with them, that way it would be more easy.

It wouldn’t be like online where you just watch the video and there are some specific questions you might have, and they won’t be answered.

Charles-Tim

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Quote from: Kasabus on May 09, 2022, 06:30:46 PM

If you can stay profitable investing in shitcoins, then why not? After all, its certain to us that shitcoins can give us huge profits even in a short period of time, but we should also take caution and learn to monitor more the market as well so that we won't end up selling them in loss. Smart people never stop themselves from investing in shitcoins, but somehow they are quick enough to determine when those shitcoins become not profitable anymore.

Shitcoins will most likely lead to losses, the best is to avoid such coin, not all altcoins are shitcoins, the altcoins with high liquidity and high marketcap are not shitcoins, why not just go for such coins rather than shitcoins. Although, the best I can recommend is bitcoin which is safer and not volatile unlike altcoins, but shitcoins can be most volatile and yet someone can buy shitcoin and remain of low liquidity and price fall.

endut15

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yes, those steps are our way to avoid loss in trading. but there are also those who lose in trading due to greed and lack of financial management. trading on any platform of course there will be risks that we have to face, all risks have become the first challenge in trading. but in my opinion, if there is a consistent management that we run in trading, this will minimize the risk in case of unexpected risks.

jrrsparkles

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Quote from: ?? on ??

I believe the following are the reasons why people fail in trading:

Having no firm plan.
Directly entering the trading market without any prior knowledge
Thinking in the short term.
There is no goal.
Putting money into the trade that you cannot afford to lose.
Making decisions based on excitement, emotions, and unconfirmed information.
Purchasing low-cost coins.
FOMO

And the solution to all of these issues is to join the crypto trading signals group, where professional traders share signals, analysis, and tips on how to trade more effectively. I've been following MyCryptoParadise for a while now because of all the helpful tips and tricks they've given me. Furthermore, regardless of the market, their crypto trading signals are extremely beneficial to me.

All the reasons you have listed above are right but the solution you gave isn't the solution to the actual problem but just to satisfy your financial needs. Roll Eyes

Signal groups will make you lose more, don't pay attention to so called expert predictions because there is no expert in cryptocurrencies, just do your own analysis and make money.

livingfree

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Quote from: molsewid on May 09, 2022, 05:15:58 PM

Quote from: livingfree on May 09, 2022, 01:24:37 PM

Quote from: Alisha-k on May 09, 2022, 09:37:59 AM

Anything done out of greed is gambling

And it's the riskiest strategy that one can do.

That's one way to have more losses if you're not careful with what you're about to do. Do not be greedy and it's important to have your mind on set with that thinking.

Because you're going to protect yourself from such greediness and you're being aware that it's not the way how a trader should do.

I don't know how can greed affects the trade but if you are having a profit in your trades better to pull out your capital or your initial investment then let your profit run especially if you are trading shitcoins,traders are usually buying it for a pump and then dump scenario. Trading these coins won't last for a week, if you want for a long term hodl don't buy shitcoins.

You probably have experienced it when you're too greedy and have awaited for more to make your profits higher, you didn't actually pull it out because you're waiting for the bigger profits to come.

That's how it affects it, whether it's just a little profit and you're not greedy and satisfied, you're happy to cash the profits out because you're good and satisfied with how much you've gained.

Slow death

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Quote from: Kasabus on May 09, 2022, 06:30:46 PM

Quote from: MFahad on May 07, 2022, 11:22:25 AM

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.

I think it's not good to stay away from trend. We know that shot coins is high risky tokens but if you find any best projects with huge community then it can be game changing investment also. My friend invested only 10$ on Shib and then withdraw 5000$ when list on binance. I myself made 5000$ above from Shitcoins but one thing should not be forgotten that use only 2-5% portfolio for Shit coins.

If you can stay profitable investing in shitcoins, then why not? After all, its certain to us that shitcoins can give us huge profits even in a short period of time, but we should also take caution and learn to monitor more the market as well so that we won't end up selling them in loss. Smart people never stop themselves from investing in shitcoins, but somehow they are quick enough to determine when those shitcoins become not profitable anymore.

shitcoin is something like playing the lottery, the difference is that with shitcoins the person has the chance to be able to do research and determine if the project has a greater or lesser chance of being a success and of course the person does not lose all the money like in the lottery, in the case of shitcoin the person will lose part of the money so I think that if the person only uses the money they can afford to lose then I don't see anything wrong with investing in honest projects that have some potential to increase price

Kasabus

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Quote from: MFahad on May 07, 2022, 11:22:25 AM

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.

I think it's not good to stay away from trend. We know that shot coins is high risky tokens but if you find any best projects with huge community then it can be game changing investment also. My friend invested only 10$ on Shib and then withdraw 5000$ when list on binance. I myself made 5000$ above from Shitcoins but one thing should not be forgotten that use only 2-5% portfolio for Shit coins.

If you can stay profitable investing in shitcoins, then why not? After all, its certain to us that shitcoins can give us huge profits even in a short period of time, but we should also take caution and learn to monitor more the market as well so that we won't end up selling them in loss. Smart people never stop themselves from investing in shitcoins, but somehow they are quick enough to determine when those shitcoins become not profitable anymore.

Topic: Few Steps To Avoid Losses In Trading. - page 6. (Read 1791 times)