How do I not lose money in trading cryptocurrency? - page 12.

Fatunad

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Quote from: Finestream on November 12, 2021, 02:58:16 PM

Quote from: Woodie on November 12, 2021, 02:24:19 PM

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.

this is a toucher question to answer than it sounds, but you are right on one thing... knowledge and understanding of the crypto markets will give you are probable chance of being a successful trader just not one that always wins.
BUt generally I think most of the times we lose money for not having one simple element, which is patience! If we put patience at play i think we should do fine with crypto trading.

Quote

And also remember only invest money you know you can make back even if you lose the money.

Correct! As far as I know trading is as good as gambling and on some days you will lose and on others you will walk away as a winning trader.

But there is more winning opportunities in trading as long as you know how to manage the risk and as a trader, you should always trade base from your own technical and fundamental analysis that will help you all throughout the way. The chances of losing in trading is lower compared to gambling but the fact that traders are still prone to losses, then they should always know when to sell their coins and as much as possible, stay away from being greedy because that will push you even more to keep losing from trading.

Wont really be talking about losses because getting rid of it is impossible and we know that this is an inevitable thing for someone to experience.This isnt something a race that you would be minding on not to commit any mistakes because its impossible for you to be a perfect trader.What matter most here is that you do able to end up
on having profits in the end of the day and wont really be having that gambler thinking on which you do make out trades without any basis or you arent serious
on doing so. Try to sustain yourself and able to make yourself profitable despite of those losses that you do experience because that what matter the most.

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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.

Knowledge and understanding wing will be still ongoing once we are still learning or even experiencing. Experience is also the best teacher, spreading our knowledge and also implementing them will also add our understanding, just keep them up.

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

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.

And this is one of the advantages of learning again and again.
We may sometimes lose our money or get whatever that we don't want. But, through these, we can get some lessons based on the experiences.
I agree that we need only invest in whatever that we really understand, not for gambling on something new or we actually don't know.
Investment is risky, so don't add the risks only by investing in somehting that we don't know

Finestream

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Quote from: Woodie on November 12, 2021, 02:24:19 PM

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.

this is a toucher question to answer than it sounds, but you are right on one thing... knowledge and understanding of the crypto markets will give you are probable chance of being a successful trader just not one that always wins.
BUt generally I think most of the times we lose money for not having one simple element, which is patience! If we put patience at play i think we should do fine with crypto trading.

Quote

And also remember only invest money you know you can make back even if you lose the money.

Correct! As far as I know trading is as good as gambling and on some days you will lose and on others you will walk away as a winning trader.

But there is more winning opportunities in trading as long as you know how to manage the risk and as a trader, you should always trade base from your own technical and fundamental analysis that will help you all throughout the way. The chances of losing in trading is lower compared to gambling but the fact that traders are still prone to losses, then they should always know when to sell their coins and as much as possible, stay away from being greedy because that will push you even more to keep losing from trading.

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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.

this is a toucher question to answer than it sounds, but you are right on one thing... knowledge and understanding of the crypto markets will give you are probable chance of being a successful trader just not one that always wins.
BUt generally I think most of the times we lose money for not having one simple element, which is patience! If we put patience at play i think we should do fine with crypto trading.

Quote

And also remember only invest money you know you can make back even if you lose the money.

Correct! As far as I know trading is as good as gambling and on some days you will lose and on others you will walk away as a winning trader.

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

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 am glad that you are already aware the potential of investment over trading. I think the next step that you must need to learn right away should be the potential of bitcoin investment. Usually the first step for most people is, they need to learn about the merits and demerits of trading and investment but it seems that you already got some knowledge about investments hence the next step for you should be learning about the potential of bitcoin investments.

This way you can get into bitcoin investment with long term plans which will definitely get you struggle-less easy profit over the time. Like you have mentioned that trading is always involving lots of struggles which could be eliminated when you are opting for bitcoin investments.

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Quote from: freedomgo on November 11, 2021, 06:19:01 PM

Exactly. Facing losses in trading is a normal scenario, one may gain profits while the other trader losses. So if you want to stay long in trading, just focus on the positive side that at the end of the day, you will also make good profits. Yes, you may lose sometime, but its always winning most of the time, only if you are able to do a good trade despite of the sudden crash in the market. But if you can't accept the fact that trading is also about losing, better stay way from trading.

Getting a big profit on that trade depends on how effective the strategy is and the target you want to achieve. Sometimes people who are new to the world of trading just want the profits without worrying about the losses that will be experienced. Profits and losses are bound to happen, but strategies need to be prepared. When the market suddenly crashes, good management will save you and be able to buy at a lower price.
Learning good and correct trading knowledge is very necessary. and starting good management will save your trading.

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Quote from: Anguwa on November 11, 2021, 04:40:01 PM

Trading really involves risk, and patience, the main fact about it is there is gain and lost attached. But once one is able to learn some basic trading strategies, and also take time to understand market, the lost will be minimal.

This is correct, we can’t trade without losing money because we are just human and we are trading against other traders, someone will always outsmart you so better to be ready for that. What matters here is that, being consistent on your strategy that allows you to be more profitable over time, don’t just set goal in short term, you have to make it longer and have your target profit over all, you can achieve it even if you also have losses, this is normal in trading.

Exactly. Facing losses in trading is a normal scenario, one may gain profits while the other trader losses. So if you want to stay long in trading, just focus on the positive side that at the end of the day, you will also make good profits. Yes, you may lose sometime, but its always winning most of the time, only if you are able to do a good trade despite of the sudden crash in the market. But if you can't accept the fact that trading is also about losing, better stay way from trading.

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Quote from: Botnake on November 11, 2021, 05:47:32 PM

Quote from: ningrum on November 11, 2021, 05:04:44 PM

Quote from: Anguwa on November 11, 2021, 04:40:01 PM

Trading really involves risk, and patience, the main fact about it is there is gain and lost attached. But once one is able to learn some basic trading strategies, and also take time to understand market, the lost will be minimal.

It all goes back to one's knowledge and skills because these two things play an important role in trading,
in crypto the risk will always be there so it's not that easy to make a profit,
trading in crypto is very complex so it takes more effort

Trading has its own high risk so if a trader cannot manage the risk, of course he will be prone to losing his money. So trading really is not just making profits all the time, its also capable of losing our funds. If you find it hard that you'll gonna lose money in trading, then simply don't trade but hold only. In this way, you will never lose your funds, unless you start panic selling because the market is gradually experiencing more dips rather than seeing your coins reaching high value.

Very wrong belief into those people whom do really sees that trading do make out profits on assured manner which is really a very wrong belief or mindset to have because thats not how it works.

Trading does need effort and time spent for you to have a good grasp on it and of course it would really be needing that engagement and perseverance because this is an unpredictable market.

There's no way you could able to handle it out on just few tries.Even pros or veterans do still lose money no matter how good their analysis is.

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Quote from: ningrum on November 11, 2021, 05:04:44 PM

Quote from: Anguwa on November 11, 2021, 04:40:01 PM

Trading really involves risk, and patience, the main fact about it is there is gain and lost attached. But once one is able to learn some basic trading strategies, and also take time to understand market, the lost will be minimal.

It all goes back to one's knowledge and skills because these two things play an important role in trading,
in crypto the risk will always be there so it's not that easy to make a profit,
trading in crypto is very complex so it takes more effort

Trading has its own high risk so if a trader cannot manage the risk, of course he will be prone to losing his money. So trading really is not just making profits all the time, its also capable of losing our funds. If you find it hard that you'll gonna lose money in trading, then simply don't trade but hold only. In this way, you will never lose your funds, unless you start panic selling because the market is gradually experiencing more dips rather than seeing your coins reaching high value.

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Quote from: ningrum on November 11, 2021, 05:04:44 PM

Quote from: Anguwa on November 11, 2021, 04:40:01 PM

Trading really involves risk, and patience, the main fact about it is there is gain and lost attached. But once one is able to learn some basic trading strategies, and also take time to understand market, the lost will be minimal.

It all goes back to one's knowledge and skills because these two things play an important role in trading,
in crypto the risk will always be there so it's not that easy to make a profit,
trading in crypto is very complex so it takes more effort

I agree to say that trading is complicated and not easy to make profit from trading. Moreover, crypto prices are very volatile and of course crypto trends
are always changing every year. This is what makes it difficult for us to predict crypto movements, it takes experience and expertise in reading crypto
price movements in the market. Why do I always say we can do crypto trading by first studying how the crypto world works, so that we can
understand how to make good decisions. Don't trade crypto but rely on other people's opinions, it will only cost us a lot of money. We really have to be
able to do our own analysis, to be able to predict where the market will move. And there is no single way that makes us not lose money when
trading crypto, because no matter how good people are at reading the market, still there will be losses. That's why crypto trading has a very
high risk, because we can't avoid experiencing any loss at all, what we can do is minimize losses and maximize the profits we generate.

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Quote from: Anguwa on November 11, 2021, 04:40:01 PM

Trading really involves risk, and patience, the main fact about it is there is gain and lost attached. But once one is able to learn some basic trading strategies, and also take time to understand market, the lost will be minimal.

It all goes back to one's knowledge and skills because these two things play an important role in trading,
in crypto the risk will always be there so it's not that easy to make a profit,
trading in crypto is very complex so it takes more effort

Anguwa

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Trading really involves risk, and patience, the main fact about it is there is gain and lost attached. But once one is able to learn some basic trading strategies, and also take time to understand market, the lost will be minimal.

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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.

Forcing ourself to get profit back, usually is made it worse. And that is why money management is an important thing to know because in trading we must not know how to get profit back, but we must ready to lose some of our money. Sometimes in bad condition, take a rest from trading after big losses is good to do to fix our mental condition.

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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.

D Trading is a complex process. In case of trading, you will not be able to chat without understanding. You must have previous experience to trade. You need to be aware of different exchanges.

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Quote from: Rakeshten on November 11, 2021, 02:28:56 PM

Yes, you must have knowledge about charts to decrease the chances of losing money. If you can analyze the market then you will get the right time to enter the market and the right time to exit from the market. That is most important for getting profit in trading.

The point is to always monitor the latest news about crypto, at least the coins we hold, that's quite helpful. This is because market price speculation always causes a fairly dominant movement. Regarding when to enter or exit, it depends on the time you have. Timeliness cannot be measured just by looking at the graph, even indicators need to be balanced with speculation circulating in several media.

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Yes, you must have knowledge about charts to decrease the chances of losing money. If you can analyze the market then you will get the right time to enter the market and the right time to exit from the market. That is most important for getting profit in trading.

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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.

Wow, it's so easy for you to say that! But do you know that requires practice and knowledge first before getting something from trading. You can't just jump into trading and do everything at once and hoping for the greatest result you could get, no it doesn't work like that.

Losing for the first it's fine and it's a part of experience so you won't fall at the same mistake again and as the time you gaining more knowledge by doing more trading then you will gain more confidence in yourself and you can be better at trading on different situations, that's what I would think the best to slowly gaining your fundamental on trading.

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Quote from: Cling18 on November 11, 2021, 08:57:51 AM

Losing money in crypto especially when you're just beginning is normal. What is important is you'll take your mistake as a lesson because, to be honest, everything could be learned in trading but it will take a long time. You should know how to deal with every market situation and take advantage of it. Setting a target goal and reaching it could also be a good move.

Losing a capital or a slight of your capital in trading is inevitable that's why we always keep on reminding here on forum "invest what you can only afford to lose" because in trading is not always a win-win rate, the market of crypto was so volatile and this is the main thing that a trader would have to master with. Losing is normal as long as you learn from every loss profit that a trader commit but to be able to minimize the losses as trader it's our responsibility to know which token worthy to invest and invest at your own risk.

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Quote from: Cling18 on November 11, 2021, 08:57:51 AM

Losing money in crypto especially when you're just beginning is normal. What is important is you'll take your mistake as a lesson because, to be honest, everything could be learned in trading but it will take a long time. You should know how to deal with every market situation and take advantage of it. Setting a target goal and reaching it could also be a good move.

Consider those bad days as a tool to make things good somewhat in the future. Those people who could understand how was possible, are those people who could easily make change to their approach on the market.

Losing really hurts us but that we need to face and accept it since we are in the field where it was too risky and losing can't be avoided. Trading isn't all about looking for a strategy that we don't want to lose because whether we like it or not, losing is a part of our trading journey. Many have come and try but it can't deny that they have been experiecing losses before they'ed learn.

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Losing money in crypto especially when you're just beginning is normal. What is important is you'll take your mistake as a lesson because, to be honest, everything could be learned in trading but it will take a long time. You should know how to deal with every market situation and take advantage of it. Setting a target goal and reaching it could also be a good move.

Topic: How do I not lose money in trading cryptocurrency? - page 12. (Read 3022 times)