Topic: Few Steps To Avoid Losses In Trading. - page 8. (Read 1539 times)

Bitter truth here, even if you are a professional or a very experience day trader or intraday trader, you can never have 100% win rate in all of your trades. At least some traders will be lost, especially if your stop loss is tight.

When trading, it's more important to think about the possible risk rather than the profit so that one can manage risk well and also have a good risk reward ratio.

these shitcoins makes really awesome movements which is what actually attracts traders to them. It's a dilemma.

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).

If indeed we do not have sufficient skills to trade, we should not use a large balance because it can create a large risk of loss. So keep trying to learn and practice it is something we must pay attention to.

Note: Learn To Earn.

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.

You've made quite a good number of points but one thing is certain, despite taking all this good measure in place,
A loosing trade will always be loosing trade irrespective of any measure taken to ensure you avoid loses.

  In addition to what you've said so far, it's nice to guide your funds using this guidelines so you don't incur loses more than you should loose.

In fact peeps are literally using shitcoins as the best way to earn money as they are easy to buy and sell if the volumes good and price is tiny! Such coins are easy to drop off.

when asked the reasons behind their losses they have always responded by saying this,( bad luck).

Summary: Your profit must be greater than your losses if your a good trader so trade with wisdom.

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.

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.

This is the main goal of every trader, to become more profitable every end of the year despite of their losses and this only proves that it’s not always about profit in trading sometimes your consistency matters and when you do follow a good trading strategy you can be successful at the time you set-up your target goal.

~snip~

When I started working with a broker from AMarkets, first of all I worked on a demo account. This helped me avoid losses, at least large ones.

Summary: Your profit must be greater than your losses if your a good trader so trade with wisdom.

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.