How do I not lose money in trading cryptocurrency? - page 10.

lixer

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Quote from: Oilacris on November 16, 2021, 05:54:28 PM

Controlling greed and emotion is something that cant really be done easily unless if you do have already the experience on this market

but if not or doesnt have enough then these things will greatly affect your trading career which would really result into those bad decisions.

Losing is something that cant be avoided but somewhat can be lessen if you do already have the knowledge and experience.

Experience is one thing, character is another. I have seen veterans who still not be able to hold their emotions to a ground and I have seen noobs be able to control their emotions a lot better. Some people are a lot more cool headed than the others and they are a lot better when it comes to trading as well.

The biggest difference comes with math as well, if you are good at mathematics versus if you are horrible at it, if you are horrible at it then you will have to work really hard to understand everything talked about here, whereas if you are really good at it or already studied finance related major in college then you are going to start understanding a lot quicker as well. Sometimes it is not just experience that makes the difference however I do agree that it is one of the most major things as well, it is just not the whole of the picture and just one part of it.

blockman

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Quote from: Oilacris on November 16, 2021, 05:54:28 PM

Quote from: blockman on November 16, 2021, 05:34:04 PM

Quote from: macson on November 16, 2021, 04:27:00 PM

Human nature is greed, when you are able to control that feeling, you have nothing to lose when trading. i have a friend who is not very good at analyzing the market but has a very small percentage of losses when trading, he said that controlling greed is my success key.

That's good for him, he knows how to take profit every time that he's on it. I agree with him that controlling it is one of the factors and having it combined for being good at analyzing will make the best out of it.
Controlling greed and knowing how to read the market will give you the advantage that others are wanting to have. If you lose, that's okay because it happens but it should be not that much.

Controlling greed and emotion is something that cant really be done easily unless if you do have already the experience on this market

but if not or doesnt have enough then these things will greatly affect your trading career which would really result into those bad decisions.

Losing is something that cant be avoided but somewhat can be lessen if you do already have the knowledge and experience.

Those experiences will be put into use when you're going to trade. You will have an idea of how to minimize your losses and how to maximize your potential profit.
Aside from experience, it teaches you to be emotionally stable because it's one factor that will trigger you to randomly sell and buy without even planning of what you should do.

Smitty Werben Man Jensen

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it's very easy!, you must not follow Fomo, buy meme coins like Squid, Flocky, BuffDoge and some other coins like that,
why do I ban it?, yes because coins like this are very easy to dump to zero, of course this is what makes crypto even more scary,
but if you buy a fundamental coin, of course your capital will be safe.

Issa56

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I don't think there is any way inwhich you can trading without losing I don't think is possible, so if you are getting to know about cryptocurrency trading you should have it in your mind that you can't be making profit always there will definitely be lost but whenever you are trading always try your possible best and make sure your profit is far more than your lost and always invest any amount you believe if you lose it won't really affect you.

lenovop-70

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Risk management is the first think first, IMHO, without it you will be blind man in the middle of nowhere.
But after all, you will never loose your money if you are hold all of what you have when the price is below, as simple as that, after all of your daily need is on coverage by your other money outside your crypto money.

Hippocrypto

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Quote from: Oilacris on November 16, 2021, 05:54:28 PM

Quote from: blockman on November 16, 2021, 05:34:04 PM

Quote from: macson on November 16, 2021, 04:27:00 PM

Human nature is greed, when you are able to control that feeling, you have nothing to lose when trading. i have a friend who is not very good at analyzing the market but has a very small percentage of losses when trading, he said that controlling greed is my success key.

That's good for him, he knows how to take profit every time that he's on it. I agree with him that controlling it is one of the factors and having it combined for being good at analyzing will make the best out of it.
Controlling greed and knowing how to read the market will give you the advantage that others are wanting to have. If you lose, that's okay because it happens but it should be not that much.

Controlling greed and emotion is something that cant really be done easily unless if you do have already the experience on this market

but if not or doesnt have enough then these things will greatly affect your trading career which would really result into those bad decisions.

Losing is something that cant be avoided but somewhat can be lessen if you do already have the knowledge and experience.

Indeed. We can't avoid on losing since cryptocurrency has a lot of risks. We can just minimize it by having any plan and strategies when you start on trading. Being greedy and emotion can always lead on losing. Experience may also help you minimize loses and especially the knowledge you have.

sheenshane

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Quote from: Oilacris on November 16, 2021, 05:54:28 PM

Controlling greed and emotion is something that cant really be done easily unless if you do have already the experience on this market

Experienced or don't have experience has not guaranteed that you will always win against the market, even experts may experience losses too. That's right, it's not easy to control our greed and emotion because we are human and most traders will face that the same problem. Accept losses and learn these experiences and don't let them happen again in the future.

There's no straight winning result in trading and bear in mind that the market price is unpredictable and now one can predict it.

Quote from: Oilacris on November 16, 2021, 05:54:28 PM

Losing is something that cant be avoided but somewhat can be lessen if you do already have the knowledge and experience.

I tend to agree, it's well said.

Oilacris

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Quote from: blockman on November 16, 2021, 05:34:04 PM

Quote from: macson on November 16, 2021, 04:27:00 PM

Human nature is greed, when you are able to control that feeling, you have nothing to lose when trading. i have a friend who is not very good at analyzing the market but has a very small percentage of losses when trading, he said that controlling greed is my success key.

That's good for him, he knows how to take profit every time that he's on it. I agree with him that controlling it is one of the factors and having it combined for being good at analyzing will make the best out of it.
Controlling greed and knowing how to read the market will give you the advantage that others are wanting to have. If you lose, that's okay because it happens but it should be not that much.

Controlling greed and emotion is something that cant really be done easily unless if you do have already the experience on this market

but if not or doesnt have enough then these things will greatly affect your trading career which would really result into those bad decisions.

Losing is something that cant be avoided but somewhat can be lessen if you do already have the knowledge and experience.

blockman

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Quote from: macson on November 16, 2021, 04:27:00 PM

Human nature is greed, when you are able to control that feeling, you have nothing to lose when trading. i have a friend who is not very good at analyzing the market but has a very small percentage of losses when trading, he said that controlling greed is my success key.

That's good for him, he knows how to take profit every time that he's on it. I agree with him that controlling it is one of the factors and having it combined for being good at analyzing will make the best out of it.
Controlling greed and knowing how to read the market will give you the advantage that others are wanting to have. If you lose, that's okay because it happens but it should be not that much.

Natalim

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Quote from: Hippocrypto on November 15, 2021, 02:10:33 AM

Quote from: Natalim on November 14, 2021, 07:31:27 AM

We hope so but have to accept the reality that we can't avoid this thing. It can really be frustrating to see and have losses despite of being careful but I don't deem to make this thing become a reason to give up, instead, we make this thing a reason to improve our knowledge and enhance our skills.

Those traders that will be able to understand this situation will find a way to stay and never complain. The more we feel frustration, disappointment, the more we become down. I think we should have to work on controlling our emotions before they become worse.

Indeed. We can't avoid to lose money in trading. We will lose money in trading if we don't have the right plan on how we will do it. We can't avoid it but we need to have a plan and our own strategies to minimize it. All we just need to do is to be careful and always understand the market flows. We must be always updated to the market. We might be possibly loss money in trading but through this it will improve our knowledge and do better things next time when you trade.

And the worse thing is that if we just keep on losing. I guess that would be the time to make a hard decision to leave out from trading than to keep on that situation. Maybe we could find a place that is for us knowing that trading isn't meant for everyone nor that we all become a trader. In fact, we can maximize our knowledge and skills to the other area and seem to think that trading is not the place we have to stay, can't force ourselves then as we can't make good results rather than suffering losses.

wxa7115

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Quote from: Rruchi man on November 10, 2021, 03:40:29 PM

Truth is in reality no matter how you try to play it safe always, you cannot completely ensure and eliminate loss from your trading experience, it is a part of it. What you can do however is to strive an ensure you are properly grounded in trading and in your strategy so that you can reduce losses to the bearest minimum, that is you loose less frequently and little amounts from your portfolio is what is lost the few times you loose.

This, once again we have an user that somehow thinks they can reduce the number of times they lose to zero, and this is simply not possible, and at the same time I do not see why does it matter? At the end of the day what matters as a trader is how much money have you made on the markets.

I have seen traders which supposedly have a system that wins 99% of the time but that losses them money, while I have seen traders with a win rate of 50% which made a lot of money in the markets, which one do you prefer to be? The accurate trader or the wealthy trader? And it is obvious the latter is by far the best option out of the two.

macson

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Human nature is greed, when you are able to control that feeling, you have nothing to lose when trading. i have a friend who is not very good at analyzing the market but has a very small percentage of losses when trading, he said that controlling greed is my success key.

TheGreatPython

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Quote from: Seaking009 on November 10, 2021, 01:37:03 PM

To what i think on my own view i don't know if i can get more knowledge and understanding to this.
You just have to understand the market, you need to be able to study and know when it’s a right time for you to invest and withdraw your crypto currency. And also remember only invest money you know you can make back even if you lose the money.

If you would say that you’re never going to lose money, you know that’s not really going to be true, because there would be times when the market would go against your prediction. But when you have a good plan you will be able to curtail your loss and increase your profit.

Losses do happen and it is part of the business, you just have to learn how to deal with the losses so they are not much, and you can later strategize and hit a better profit. That’s just how it works in the market. There are so many tools available to trader, it’s good to look out for these tools and know which ones are going to fit in best and be useful in what you want to do.

justdimin

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Quote from: Seaking009 on November 10, 2021, 01:37:03 PM

To what i think on my own view i don't know if i can get more knowledge and understanding to this.
You just have to understand the market, you need to be able to study and know when it’s a right time for you to invest and withdraw your crypto currency. And also remember only invest money you know you can make back even if you lose the money.

I haven't lost money in crypto for over 2 years now, and even I say I lost money back in the day. What did I do in order to not lose money? I bought bitcoin at 6k back in the day when there was a pandemic crash and that's it, that is literally all I did. Sure I lost a few when I invested into scammy projects, it was a small amount so I do not care about them, and I did a few things of my own and that's it, that is all I lost and it wasn't really too big, the amount of money I have aside is enough to survive me for a year, I keep growing that and it grows itself as well.

I am in no means rich person and I am a long term investor, I will not sell for at least another 10 years if everything goes according to plan, maybe even 20 years if it is too slow. So if you want to not lose, just buy when it crashes, and wait for years and years, it will be profitable.

DarkDays

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Quote from: ?? on ??

No one can be 100% sure about cryptocurrency movement, which project will give you better profit and which one will not? However, there are some projects that have the ability to live and have the power to survive. I can talk about BNB, SOL, Matic etc. These are the trustworthy project. Even if you make loss of these particular project, I also can be sure that i will get good profit. So invest in places where your risk is much lower.

With all of the above in consideration, the main thing to remember is that there will be time when as a trader you'll encounter losses. There are also times when you could have made more profit but of course these two scenarios are down to the markets involves and strategies used.

However, one thing for sure is that as a trader you always run that risk of loss!

isaac_clarke22

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Quote from: Slow death on November 15, 2021, 06:52:40 PM

~

Lol, tell me about it. Those people claiming to had succeed in trading just by reading this book or just joining this course is a complete BS and it just makes me want to cringe on how they claim that you should buy this and that and you're all set, meanwhile self-taught traders that succeed after gazillions of losses are laughing at the side.

otundebis

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I think it's possible to minimized the amount of loss to the nearest minimum. But it may be nearly impossible to avoid losses altogether. It will help if you see small losses as a spring that get you into profits board. The way you handle your losses will to a large extent determined your subsequent ability to make profits on your trade!

rodskee

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Quote from: Seaking009 on November 10, 2021, 01:37:03 PM

To what i think on my own view i don't know if i can get more knowledge and understanding to this.
You just have to understand the market, you need to be able to study and know when it’s a right time for you to invest and withdraw your crypto currency. And also remember only invest money you know you can make back even if you lose the money.

the context of the thread does not stand in the title lol.

Even how hard you tried and how good you are, always remember that there is no perfect investments.

In this market , there will always be a losses as there is always a winning.

Profiting is good but also losing is good that will teach you to prevent from happening over and over again.

Dr.Osh

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you said it. we need to learn all about the coin from various aspects. movement, team, development, and also what the project will do in the future. after that, you just need to think about the right time to buy the coin or token. however, you also need to set the lowest price you can sell at when the dump occurs so you don't lose so much money when the price drops. or, you can continue to hold the coin/token until the price goes up again. Well, when you have a popular coin, you don't have to worry about that, because for top coins, I think it's a matter of time until the price goes back up again.

Hippocrypto

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In reality, no matter how you try to play it safe always, you cannot completely ensure and eliminate loss from your trading experience, it is a part of it. Losing is part of your trading journey, its impossible to always win in trading without any lose since we all make mistakes and we can’t control the market. All you just need to do to minimize your losses is to be careful and always updated by news and to the market. Always have plans when you will start trading.

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