Topic: How do I not lose money in trading cryptocurrency? - page 8. (Read 3022 times)

You don't want to lose money trading cryptocurrencies?
I have the best answer for you, don't trade. If you will never trade, how will you lose anything? If you can't quit trading, pile it in your mind that losses are a part of trading just like profits, so you cannot be that perfect so to stop yourself from losing even once.

I would assume that the best case in this situation would be making more profit then your losses. Let's assume you made 100 trades and each of them had the same amount of result, 100 dollars loss or win, then making 51 profits and 49 losses would mean you are in profit. Most people try to not have that many losses and try to have a better ratio, but that doesn't really matter when we are talking about mostly making a profit.

So, if you had 10+ thousand dollars in trade, and you had 250 dollars in profit, that is good enough, it doesn't matter if your total profit was 1000 and losses were 750, as long as you ended up in profit. That is what I am trying to do, try to be always in positive even if I end up losing sometimes.

If I was to answer you in a short sentence, I did say that "the only way not to loose money in trading is not to trade at all"

With that being said, you just have to know what you are doing, it's as simple as that, try as much as possible not to trade blindly, this is one of the major ways or reasons people loose money in trade, when you decide to buy or sell a coin, what is your reason?, do you just make that decision because you think that coin would rise Or fall? Or do you have some good fundamentals or news, anything positive or negative to back your decision?
This is one of the ways to lower(remember I said lower) your risk of loosing money in trade.

You wouldnt know unless you do try and the golden rule of this crypto market is that never invest on the amount that you cant afford to lose as always
and we know that any investment does have particular risk of losing money and crypto isnt on exemption which means that  you would really be needing
to be wise on making out decisions and losing is inevitable but what matter most on here is that you do end up on being profitable in the end of
the day on higher percentage chances so that you would able to sustain.

This is the golden rule for trading, it depends on the person and you don't know if you try if it's going to work for you so it's better if you discover your own and at the same time you don't try other strategies. Another one that I think everyone can use to avoid big losses is to check the movement of the market, if it's going up for awhile now, better if you hold on and see what happens next.

Trading is depends upon mostly the way someone performs to it and the strategies the trader follows in trading, but I think the most important part of trading comes when someone have the ability to hold these type of coins which are giving loss in the current condition but after having some patience, the same coins will give more profit to the trader.

there are three significant slip-up in reason of your resources lost Not knowing where you fizzled and Buying modest coins and number three is Emotions

presently talk about initial one – Not knowing where the error was made is something typical with regards to new brokers. Continuously have the presence ofin mind when you spot to purchase/offer requests and attempt to utilize trade site highlights like request history to have the option to find your missteps. Notwithstanding test your "speculations" never go live and attempt to utilize test exchanging records to have better control.

furthermore, second Buying modest coins – One of the normal slip-ups that new brokers experience is having the inclination to purchase modest alt coins that "guarantee" to be better at what they do; hence expanding the modest coins esteem inside the following not many months. It's alright to put resources into ICO's on the off chance that you realize what you're getting yourself in, however in case you are only new to the game avoid it. Put resources into crypto that has effectively demonstrated their value and work with that.

also, the third one is feelings – Never allowed your feelings to defeat you. This is something that the greater part of the aides today consistently incorporate with regards to exchanging. The best brokers realize how to wind down their feelings and pick legitimate ways of procuring

Also, let us admit the fact that even if you are a good trader, at one point you will also incur losses.
It may be the strategy or the situation, but we can't 100% achieve of no losses in trading.
You just want to minimize losses as much as possible if you can't avoid it.
And most of the time, people panic once they see the reddish market. And they sell even at a loss.
If you are long enough in this market, you will always expect the up and down movements.
And take advantage once you are on the positive side. Even if the profit is not that big, it is much better rather than sell it at a loss.

Yep.

Panicking makes someone lose money in trading cryptos.

That's why you see people panic sell whenever there's a bad news and they are too much reliant on it. And when there's a good news, they do nothing as if there's no impact when there's a good news.

To be honest, there is no absolute formula in trading that will guarantee you profit in every trade.

Just like in stocks, it is imperative that you both study the technical analysis and the external/internal factors of a cryptocurrency before you splurge your resources into such. Another thing, if you consider yourself as a newbie/beginner in the trading world, I highly recommend that you avoid trading using large amount of money. Experience and knowledge of the market is the key in order to at least mitigate the risks of losing your money in the process.

I remembered, I read an article where 97% of beginner traders lose their money in the process due to the lack of experience. With such kind of data, I really recommend you to trade on small amounts just to acquire the knowledge on the market.

As for investing, the main thing here is to adhere to the basic rules. It doesn't matter whether you are a beginner or a pro, there are rules in every direction and you need to adhere to them in order to achieve success. Investing in cryptocurrency itself is a high-risk occupation, but at the same time it is also highly profitable. The risk of losing your funds is as great as that of making a big profit, but if we want to protect ourselves from losing funds, then first of all we must choose the best crypto asset for investing, and then invest only those funds that are ready to lose. It is also very important to withdraw the deposit on time, as well as fix the profit, these actions will help you feel more confident.

It is important not to rush and analyze your decisions. Very often it is haste that leads to mistakes.

I don't know, but for me, losing is part of this market. No one can say that they did not experience any losing position.

It's true that mistake can be used as good ladder to formulate much better strategy,
a trader who knows how to deal with failures is the one who also enjoys a lot when t started to gain using a working system.

You always have that chance to keep improving your opportunities, just never to lose hope when you make a mistake, move forward and let those
early failures be your guide and inspiration to be better from this industry.

If you are prepared to wait a long time, you will not lose your money. The altcoins you invest in must be potential altcoins, which will not be a scam in the end. Likewise with the money we have, make sure there are other savings if the holding is running. this will make it easier for you in case of a long term dump.

let's be honest, your words are really difficult to handle because the most important thing to be successful in crypto trading is to have good emotional control

people who can manage their finances are people who have emotional intelligence and also good logic, while using emergency savings money to trade is a reckless act

No matter how careful you become or how much you study the market before going in, one thing is sure, they'll certainly be a time when you'll lose maybe not all but a certain amount of money, it's basically unavoidable. But you can use stop loss as well, I believe that should help.

Yes i totally agreed with your view but add something more.
You should not enter the market when all market tokens are in Fomo because its totally bullish and dump game. Always try to take entry which is far away from All time high. Always choose top coins because they have high chances to recover soon.

in any case, there is no 100% probability not to make a mistake when trading, here I think there should be experience behind you and trade with the money that you are ready to say goodbye to, and I would also trade with coins from the top 10, where there will always be a recovery after a deep correction.

If you want to become one of the crypto traders here in this business field, losing your assets whatever it is very unavoidable and inevitable as well. That is why some of the experts you need to become one of the risk taker as an individual traders here in crypto space. That is why you need to study while doing trade activity here something like that.

In this they are absolutely right, in commerce there are times when you win and lose, the fact of losing does not mean that it is a crime or that it is seen as something from another world that cannot happen, or something that is a reason for Shame, on the contrary, when they assume that they lose, it is synonymous with a person who is centered, who accepts their mistakes and who is willing to correct those mistakes, it is not bad, sometimes when people say that they never lose, it is Hard to believe unless you are always in the market without exiting and a position is supported in a contrary way with some leverage.