Topic: How do I not lose money in trading cryptocurrency? - page 13. (Read 3022 times)
Please don't believe that you can never incur losses while trading because without losses, a trader can't become professional in his trading as he learns from his mistakes. And with that said, I'd also emphasize more on patience, if you'd have bought crypto with spare money during previous years (take any year) and hodl till now, then that spare money would have been worth a fortune now as you could have something that'd be worth more than your next 10 years of collective earnings.
Every investment or trading must have risks and you can also experience these risks at any time such as losing money or something else. What can be done is only to reduce the risk of it happening or minimize the money that will be lost or harmed. First you have to manage the internal factors that exist within you, namely emotions, this is very important because usually those who are impatient will more easily fall into losses. Second, you have to be smart in determining when to hold and release the coin. And finally, don't forget to activate the stop loss.
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.
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.
It's almost impossible I guess to not lose money in trading especially in this crypto space, having some experience and doing some research before you investing will only reduce your chance on losing your money not giving you a guaranteed win. Just always remember to use your money that you can afford to lose to prevent any disappointment in further.
If anyone tell you the there are way in which you will trade and not make any lost I think that person is invariably telling you that you should not trade so as to avoid loses. There is no way in which one will trade without making any lost if it comes to trading crypto currency or any other one you can think of like Forex or stock market.
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.
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.
This reply of mine is not purely trading but let me start of trading is not that simple which you could learn more from this https://gadgets.ndtv.com/cryptocurrency/opinion/how-not-to-lose-money-in-crypto-2554100 when creating a topic to get merits.
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Second this.....
When creating a Topic and informing us about this you should learn you should make it constructive it should be informative the same time well research if your goal is to earn and get to the next status. As a newbie and the way, you make your post should not be just a simple and basic topic you must make it an effort. To make it simple you must write here like talking and sharing here like a speaker on seminars or events you might earn as if you're making us a motivation letter. Those are the things you should do and make to get to the qualified status to be in a signature campaign.
Some tips
1. Let's say if you made a long topic and it does not make sense people might bash you here.
2. It could be short but not too short it must be new and informative.
3. IF sharing a topic that you is unique to talk about it could be nice to post a link.
All you just need to do is to understand the market for you to know when to invest. It is very important that you have knowledge about it before entering cryptocurrency. But, honestly speaking, there is no investment that doesn't have risk, all you just need to do is to prepare for a potential loss and accept all of it but, must have risk management for you investment to be safe and to minimize your losses. My advice is to take your time and learn, try to know the basic things and understand the market first.
Agree there are no investment that is not having a risk since all involves money it has risk but it is on you if you risking big amount of money. You are right you should invest what you can afford to lose since we dont know what will happen, but having a knowledge before investing is lessen the risk thats why it is really advisable before investing that you need to do your own research and the risk that you will encounter
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.
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.
Foremost, you should know the golden rule which is to only invest what you can afford to lose. You shouldn't risk the money that you need for your daily expenses because there's no guarantee that you can gain it back or even profit. Hence, you should only invest or gamble your spare money. So if ever you will lose, you will not be impacted by it that much in a negative manner. Rather than sulking, you'll easily move on and take it as a charge for experience.
Next one would be, invest in knowledge and skills. Your very first investment should be yourself. Invest in books, watch videos tutorials on how to read the market movement, what approach should be done in every situation presented, how to do technical analysis, and how to calculate your decision everytime so that you won't be carried away with the hype and FOMO.
Lastly, let yourself experience it first hand. Execute all the things that you have learned and practice it. There are so many platforms that offer practice trading for the beginners. Utilize those to your benefit so that before diving into actual trading, you know the runarounds of it.
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.
Although I agree with you, there is a way to not lose money in trading cryptocurrency and that is.... to not trade cryptocurrency at all 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.
.Understanding the market is a thumbs up, knowing the right time to invest and withdraw might be a good one.
After all, learning how to trade might help you to be a successful crypto trader but it doesn't mean that you will not lose money at all. Even the expert traders sometimes lose money too but the things is they are earning more money than losing money so good for them. Losing in trading is inevitable especially if you are a newbie trader. Just learn, learn and learn. Learn from your mistakes if you are a newbie and learn from expert traders. Also learn from your mentors
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Well, that's the thing, you don't. Trading would always, always involve losing money, it isn't a one-sided thing where you just keep on earning money EVEN if you did your research, did a lot of stuff, and whatnot. Understanding the market means acknowledging that fact imo. The right time is always there imo, just that other traders influence that so-called "right time" so even if you think it's right, it might just be made wrong by someone else trading, making it no tthe right one.
All you just need to do is to understand the market for you to know when to invest. It is very important that you have knowledge about it before entering cryptocurrency. But, honestly speaking, there is no investment that doesn't have risk, all you just need to do is to prepare for a potential loss and accept all of it but, must have risk management for you investment to be safe and to minimize your losses. My advice is to take your time and learn, try to know the basic things and understand the market first.
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.
Thats right. Before trying to trade you need to gain knowledge first in order to become aware of the possible situation that you might face.But sometimes losing is inevitable and even pro traders are experiencing this because we cant be so certain that everything will go as planned.
There's a lesson for every losses and that can teach you to do better next time. Never stop learning, set aside your emotion and dont be greedy when making decision.
Take your time and learn. Make sure you rush into it , try to know the basic things. But try to understand this, no matter how good you are in trading there are losses some days . If you learn very well loss will take place once in awhile.
Trading is continuous learning process. With stocks it is possible to predict the market with certain basic factors. The same won't apply with cryptocurrency, because there'll be unpredictable price bump and drops. Overcoming the same happens through close market observation. When one is new to trading it is a good to start with small amount and further increase the trading capital. This makes trading process more effective. By the time don't get caught into the traps of paid trading signal providers.
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.
Perhaps, it was for us also to understand that the volatility of the market makes every trader have a bigger chance to lose than to make a profit, that is the reality and we can't avoid that. Even we can say that we are knowledgeable enough, we have the skill, in fact, even experts have also lost some but they are able to recover it in the other trade. How about us, newbie? Definitely yes and that you are right saying invest/trade only the amount that you can afford to lose. 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.
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.
These are common tips that we give to the newbies that are stepping in to trading and it also applies about the principle of investing into cryptocurrencies.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.
Those that have already understood the market like the market cycles and when it shall rise and likely to have a bear market. They know when to buy and when to sell and when to hold.
Do not also be pressured when you're buying to avoid panic selling.
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.
Perhaps, it was for us also to understand that the volatility of the market makes every trader have a bigger chance to lose than to make a profit, that is the reality and we can't avoid that. Even we can say that we are knowledgeable enough, we have the skill, in fact, even experts have also lost some but they are able to recover it in the other trade. How about us, newbie? Definitely yes and that you are right saying invest/trade only the amount that you can afford to lose. 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.
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 only way to be 100% sure that you are not going to lose your money in this way is to simply not trade, look, many people are attracted to the market of cryptocurrencies due to the potential profits they can get, however they are so desperate to begin to earn money in the markets they take too many risks and then lose most of their capital, for those people the best option is to just stay away from the markets, unfortunately this is something they cannot do and then they suffer the consequences of that mistake. 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.
How do I not lose money in trading cryptocurrency?
Traders can identify a specific cause behind every major price movement up or down. That's the first step. One that can take years to collect and assemble all of the pieces of the puzzle to have a complete picture. This is harder to accomplish today than it was 5 or 10 years ago. Due to journalists and experts no longer being as open or honest about markets as they used to be. Acquiring the knowledge and experience comes with a learning curve. Which is why many aspiring traders initially make money trading under conditions they understand. Until they run into a situation above their level of knowledge. Causing them to lose money.
Then there is another dimension to trading which involves discipline and decision making. Greed and money can have a powerful negative influence on a person's decision making process. Causing them to make sloppy and poor decisions they wouldn't normally make, if money wasn't involved. Maintaining focus and discipline also takes time to develop and comes with a learning curve.
The only thing that is guaranteed with trading is. Those who believe market forces and entirely random or unpredictable are guaranteed to fail at it.
There is no investment that doesn't have risk, they all do hence you should be ready and prepare for a potential loss but with risk management, you should be safe and your loss would also be minimal. This risk also differs from project to project and from investment to investment.
Trading is a business and should be treated as your business, if you learn the basics and everything required to get started and improve on the market, you should be fine on how to prevent loss but again it just part of the game.
Trading is a business and should be treated as your business, if you learn the basics and everything required to get started and improve on the market, you should be fine on how to prevent loss but again it just part of the game.
The topic concept alone is another thing that points you towards making a lose. Everyone comes into a business with the notion of not making a lose and that in itself is already some measure towards a lose. Not winning at all times is part of investments, you either win some and loose some but not all. Once you've got the mindset of winning at all times, be it trades or an investment, you would find yourself taking unevaluated risk and that in a way would be putting yourself in the way of more risk. Hence, you've got to know that there is a lose factor with trades or investments and it does come around.
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