How do I not lose money in trading cryptocurrency? - page 9.

galambo

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Quote from: chaser15 on November 18, 2021, 06:59:04 PM

Just trade every day. Don't stop and learn from each of your mistakes. It's impossible not to lose in trading. There's no perfect trader and even the expert ones are also losing. Even the experts are failing to buy or sell at their considered right time.

That timing requires long experience. You won't able to determine that within just a few tries. You will be used to doing that soon.

Well OP question is how not to lose money in trading. The easiest way of not losing money while trading is not to trade at all. Risk is the main factor that can either double your investment or rip you from your money. There is no absolute strategy that guarantees zero money loss. You need to prepare your first for risk involved in crypto trading, else not to trade.

chaser15

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Quote from: airdata on November 20, 2021, 09:03:22 AM

Quote from: Bagaji on November 11, 2021, 05:34:04 AM

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.

loss is a another part of every investment, every Trading, we can't expect just profit from Trading or investment. And you are correct that not have any way to earn profit without any loss.

I don't understand why other people are thinking of a way not to lose money in crypto. What should they think about is, how to minimize losses. No one is able to avoid at 100% every market negative effect. We should be used to facing that kind of scenario.

There's no smooth trading experience as no one can be perfect with it but with the right focus and seriousness, we can think of a way how to minimize losses.

airdata

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Quote from: Bagaji on November 11, 2021, 05:34:04 AM

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.

loss is a another part of every investment, every Trading, we can't expect just profit from Trading or investment. And you are correct that not have any way to earn profit without any loss.

blockman

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You should immediately understand that losses in the process of work are normal, although not the most positive. The very outcome of the work depends on the trader. For example, in order to have more experience in this industry

As usual, losing is part of growing up in this market. You'll get lost most of the time but if you don't learn from it, that will create abnormal growth to you.
But the typical traders that are growing are the ones that fail at their very first tries, they don't give up that easily because they know that it's going to be their foundation to grow.

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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.

Its really tough to get profit on trading .We all know that trading is a great way of earning but we have to be good trader to get profit from trading .You are saying very easily that to invest on the market and exit when you get profit ,How could you be sure that you can do it so easily ?/If market goes negatively it can washes your portfolio if you are leverage trader .On the other hand if you are spot trader your capital will be decrease .So that we need to research the market and study always to become success on trading .One thing more even a master trader could not give you guarantee that he will get profit in every trading but the ratio will be high for sure .

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The best option is to go through a fairly high-quality training initially. When I started working with a broker from Amarkets, I chose this option.

What quality training do you mean? whether the training to analyze the market or there are other training.

Good training is to know the basics of trading. technical and fundamental analysis and perform some necessary management. If the basics of trading are not understood then the ability to read the market will not be correct.
and also experience in trading is also required, try with minimal capital and see how much you will make. There will be losses, but gains will follow.

Lordhermes

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Loosing money in crypto trading is not something you will think of,or wonder how it happens,it is something that happen regularly,as long as you are a crypto trader.
Every crypto trader losses money in one way or the other while trading.Little mistakes might lead to loss in trading.
Inability to read the chart,or ask question,or even risk taking are some of the things that lead to loss of money in crypto.
So to avoid these in trading,you must be very careful,make research,learn from people's experiences and you will not encounter so much lose in trading.

chaser15

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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.

Just trade every day. Don't stop and learn from each of your mistakes. It's impossible not to lose in trading. There's no perfect trader and even the expert ones are also losing. Even the experts are failing to buy or sell at their considered right time.

That timing requires long experience. You won't able to determine that within just a few tries. You will be used to doing that soon.

Rengga Jati

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Just jeep learning even by doing, keep learning from experiences, keep learning from current conditions.
We may loose our money because of this cryoto world, I also have lost much money and my portofolio can decreasemore than -50%.
However, I also conisder how much I have earned from crypto.
That is why, just keep going onto learn and understand than only thinking about witouht taking action. We must take all lessons in order to make our decision to trade or involve crypto will be okay enough.

24Kt

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Quote from: sana54210 on November 18, 2021, 04:55:04 PM

Quote from: ice18 on November 18, 2021, 09:16:26 AM

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

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 the hardest part of trading, knowing the right time to buy and take profit, Ive experienced it a lot sometimes I do trades when I think the market is in dip but this is not always work as I expected. Bleeding market sometimes last for days and the only way is to DCA when you have funds left for this situation. Trading is just like a game you need not only by studying it but by being skilled and smart. If you can do this there's a high probability that you can gain more money than losing.

Every trader that knows how to trade ended up having the same problem. We buy it when it dips but then it dips even further, which is when you lose money but only if you end up selling. If you bought the dip then there could be some sort of loss but in the end you could be profiting as well at least quicker than people who buy during peak times.

Let's assume you bought at 61k recently because it dropped, and it dropped to even under 59k so right now you are in a loss, but imagine how hard would it be if you bought at 68k? That is why you are at least doing better than those people. I know that it is not a great feeling to have something that is risky like that and this is why I suggest not putting all of your money in at the same time, this way you could buy at 65k then 63k then 61k then 59k as well and could make a profit a lot quicker that way.

In short, don't go all in at one point, you need to enter at various points if you want to avoid big losses in case the coin that you are buying is going down. Also, this is the advantage of diversifying your portfolio, as you have no clue which one will hit it off in the market or will decline in the coming days, it is better to invest in different alts with promising future.
But if you are saying that you haven't lost in trading, even at one point, I don't think I will believe that. Because even expert traders can lose in trading. You can't always win on this. But of course, you can minimize your losses, depending on your strategies.

sana54210

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Quote from: ice18 on November 18, 2021, 09:16:26 AM

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

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 the hardest part of trading, knowing the right time to buy and take profit, Ive experienced it a lot sometimes I do trades when I think the market is in dip but this is not always work as I expected. Bleeding market sometimes last for days and the only way is to DCA when you have funds left for this situation. Trading is just like a game you need not only by studying it but by being skilled and smart. If you can do this there's a high probability that you can gain more money than losing.

Every trader that knows how to trade ended up having the same problem. We buy it when it dips but then it dips even further, which is when you lose money but only if you end up selling. If you bought the dip then there could be some sort of loss but in the end you could be profiting as well at least quicker than people who buy during peak times.

Let's assume you bought at 61k recently because it dropped, and it dropped to even under 59k so right now you are in a loss, but imagine how hard would it be if you bought at 68k? That is why you are at least doing better than those people. I know that it is not a great feeling to have something that is risky like that and this is why I suggest not putting all of your money in at the same time, this way you could buy at 65k then 63k then 61k then 59k as well and could make a profit a lot quicker that way.

tygeade

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Quote from: Dewi Aries on November 18, 2021, 11:11:57 AM

I think only analysis and study not enough to made profit in trading. Because we wouldn't face profit only and sometime losses, and people who already mastered in analysis still have chance to panic and then made decision recklessly.

Yeah, this is the reason we do see pro traders are also sharing about their losses and how market volatility made them dump time to time. I agree that learning and then analysis also not enough to make continuous profits hence the question from OP for not losing any money from cryptocurrency trading is not making any sense to me. People who are not ready to accept the reality of market alone will keep looking for such imaginary answers.

Quote from: Zilon on November 18, 2021, 12:56:52 PM

If one is new to trading crypto it's good to always and always apply stop loss and also set up a risk management

When avoiding losses in trading is practically not possible then using stoploss alone is the only available and possible solution here. Having a tight stoploss and then recovering losses with next trade could be the answer for OP's question here.

Zilon

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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.

No matter how long you spend in the crypto trading business you will never get to the level where losses wouldn't occur. You can only get to know how to limit losses but not how to avoid them completely. If one is new to trading crypto it's good to always and always apply stop loss and also set up a risk management memo that serves as guide before any market decision is made a review should be considered

geegaw

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Quote from: nurilham on November 17, 2021, 06:10:25 PM

To avoid the losses in trading, of course, we must be able to analyze and understand the crypto market well. It takes a good understanding and a good strategy to trade in order to make a profit. failure in trading is not the end of it all. we must be able to rise from the situation and learn from the failures that have been done. do trading with enjoy and make trading a hobby so that when we do it we can think calmly and clearly to get the goal as desired.

The evasion with our skill is just a temporary level of containment to avoid the loss, as soon as we fall into adversities and tragedies, such a forced situation would require small to medium losses, in general, the number of collisions with failure would be no less, there's no such thing as perfect avoidance, just a story that trains thinking with more adversity. An open thinker with adversity and survival is better, those who do not understand and are bound by perfect thinking, even deeper knowledge cannot liberate, it is important to behave appropriately to the situation

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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.

For a note, always make sure our emotion is ready. I think only analysis and study not enough to made profit in trading. Because we wouldn't face profit only and sometime losses, and people who already mastered in analysis still have chance to panic and then made decision recklessly.

zaesvlas

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In general, this is a completely normal process for trading, but you need to try to keep a balance between profit and loss.

ice18

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

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 the hardest part of trading, knowing the right time to buy and take profit, Ive experienced it a lot sometimes I do trades when I think the market is in dip but this is not always work as I expected. Bleeding market sometimes last for days and the only way is to DCA when you have funds left for this situation. Trading is just like a game you need not only by studying it but by being skilled and smart. If you can do this there's a high probability that you can gain more money than losing.

molsewid

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Quote from: harizen on November 17, 2021, 06:45:58 PM

Building experience is the key. That understanding the market takes time and is not an easy task to do. Allow losses to come and experience the worst. In the long run, we can now cope and adopt any situation, any trend, any challenge, etc.

Knowing when the right time to buy and sell is tough. But by building experience, we can deal with that.

You got the point mate, in any aspect of trading there's no assurance that you will not going to lose your money even if it is not in cryptocurrency. Building your solid foundation of understanding the market that you are planning to join and build an experience that will teach you a lot about the market is definitely the key to win. Though even you are already an expert in it there's still no assurance that you will not going to experience losses but the good thing is that you already developed your skill how to cope up from the losses.

harizen

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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.

Building experience is the key. That understanding the market takes time and is not an easy task to do. Allow losses to come and experience the worst. In the long run, we can now cope and adopt any situation, any trend, any challenge, etc.

Knowing when the right time to buy and sell is tough. But by building experience, we can deal with that.

nurilham

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To avoid the losses in trading, of course, we must be able to analyze and understand the crypto market well. It takes a good understanding and a good strategy to trade in order to make a profit. failure in trading is not the end of it all. we must be able to rise from the situation and learn from the failures that have been done. do trading with enjoy and make trading a hobby so that when we do it we can think calmly and clearly to get the goal as desired.

Topic: How do I not lose money in trading cryptocurrency? - page 9. (Read 3022 times)