How do you Keep up with trading when you are feeling down? - page 3.

Peanutswar

legendary

Activity: 1708

Merit: 1280

Top Crypto Casino

Quote from: VicManton on August 02, 2024, 12:13:39 PM

I have heard a lot of things about Bitcoin trading and even, most especially futures trading and how volatile it can be and how some countries have banned it.

Some have even gone to share with some newbies and are scared I'm new to futures, but I am thinking of starting now and some I believe to ease the fear, some reward system or back up for newbies, like having some pool of rewards to incentivise traders foe reaching a milestone sort of and it shouldn't be too high, Something around 2k usdt should be fair enough.

If you are still afraid to make an actual trading ideal to use a paper trade this still live trading but you don't use real money like a demo, so you can train yourself with the current strategy you are doing looking forward if its effective or not now if you are quite confident now you can now make a trade in an actual futures so you can now applied all of your learnings you've got, if you lose seems its part of learning but of course you will learn from those mistakes.

dezoel

legendary

Activity: 2044

Merit: 1075

Leading Crypto Sports Betting & Casino Platform

Quote from: 2Pizza410000BTC on August 04, 2024, 05:37:13 PM

Future trading is very serious trading process, if you are not very experienced in trading then it is better to stop here. Because if you make a loss on a futures trading platform, it will be lost forever, just like an entire gambling platform. That's why I say don't get into futures trading if you are not very experienced with the trading platform.

Yeah, we can see how risky futures trading is. Not only adequate knowledge is needed but also a good risk management. It is when we use only small amounts, so that once we lose in futures trading, we still have more and it is still possible for us to recover our losses on our next session.

Quote from: Odusko on August 04, 2024, 05:44:24 PM

When you are down, it is better to stay away from either trading or gambling because if you don't stay away you will continue to lose since all your physiological settings will be overly stressed to the point that you will likely not make any good investment decisions at that time so taking any action that need interlectual calculation such as opening a position in cryptocurrency trading, so for that you will be making wrong decisions based on your emotions,

If trading yes but gambling? We all know that it is based mostly on luck. It doesn't need deep critical thinking and might help us elevate our mood when we are down since gambling is built mainly to entertain people.

We should only avoid gambling if we are playing for the profit. Not only that we can't analyse well but it can also affect our risk management in terms of handling our bankroll. Once we are done playing gambling, we can feel that we are now prepared to do trading again. Taking a rest and not play gambling at all is also a good idea because it can relax our over all being.

Not only that but we can also save our pockets from expenses. Resting is not a waste of time and profit but it is, when we can only trade poorly if we insisted to, once we are in a bad mood. Besides, we can still recover the times that we used to, on making a profit much better once we come back in the trading field again because we are more ready and energized this time.

Ahli38

hero member

Activity: 952

Merit: 779

I tend to always avoid the market when I have problems that make me feel tired and down. Because I have experienced that forcing ourselves to enter a trade when we are not in a good feeling will only make us suffer more losses in the market. Because when we have bad feelings, at that moment the analysis we carry out will lose its accuracy. Usually I'll go away for a moment to calm down. And go back to the market when I feel better. Even when I experience a loss, I will immediately stop trading for a while and I will come back again after taking a break. Because if we continue trading after experiencing defeat then at that time we will actually start to lose our focus. Because we will want to avenge defeat more by wanting to immediately gain profits to cover losses. And that will only lead us to another defeat. Unless we are lucky or unless we have reliable information regarding the market that we can use.

crwth

copper member

Activity: 2940

Merit: 1280

https://linktr.ee/crwthopia

Like most of the people here, I think it's best to get your mind out of it and make sure you are in the right mindset when looking at your portfolio. Most people are probably down with the recent market downtrend, but it's just temporary. It's going to be back, but you just have to make yourself busy, you know.

It's best that you do your risk management, you know.

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: justdimin on August 05, 2024, 11:29:33 PM

Quote from: VicManton on August 02, 2024, 12:13:39 PM

I have heard a lot of things about Bitcoin trading and even, most especially futures trading and how volatile it can be and how some countries have banned it.

Some have even gone to share with some newbies and are scared I'm new to futures, but I am thinking of starting now and some I believe to ease the fear, some reward system or back up for newbies, like having some pool of rewards to incentivise traders foe reaching a milestone sort of and it shouldn't be too high, Something around 2k usdt should be fair enough.

I feel like it is much easier to keep up with trading when I am feeling down, it is a personal thing I suppose. If I am feeling unhappy about anything, then I end up usually just trading because it is something I can dedicate myself to, and eats all of my focus.

If I am focusing on trading, then I am not focusing on anything else and that means I will not only make a good profit, but also I am going to ignore all the other things going in my life as well. If we do that then the results will come. Obviously a lot of people are incapable of doing that and I understand the situation, it is definitely understandable since a lot of people who feel down or unhappy, will not want to focus on anything else and that's why it is harder for them.

The question here is that;

1. Are those exchangers would really be willing to put up some incentive to newbie traders on the time that they do loss or reaching a milestone?
For rewards then it would really be having that duration but it cant really be done forever. They are here for business and not for giving out easily some rewards or whatever
compensation that will be given.

2. Easing out frustration and disappointment would really be something that will be a personal kind of thing. You cant really just that make yourself be panicking if you do
really know on what youre been dealing with.

3. You are the ones who would really seeking into diverting out your focus into trades on the moment that you are losing that much. Futures trading isnt recommended when you are
really just that starting on doing trading because on the time that you would be seeing your portfolio is lossing that much then you do really that become
impulsive or you are really that becoming too desperate.

justdimin

hero member

Activity: 3164

Merit: 675

www.Crypto.Games: Multiple coins, multiple games

Quote from: VicManton on August 02, 2024, 12:13:39 PM

I have heard a lot of things about Bitcoin trading and even, most especially futures trading and how volatile it can be and how some countries have banned it.

Some have even gone to share with some newbies and are scared I'm new to futures, but I am thinking of starting now and some I believe to ease the fear, some reward system or back up for newbies, like having some pool of rewards to incentivise traders foe reaching a milestone sort of and it shouldn't be too high, Something around 2k usdt should be fair enough.

I feel like it is much easier to keep up with trading when I am feeling down, it is a personal thing I suppose. If I am feeling unhappy about anything, then I end up usually just trading because it is something I can dedicate myself to, and eats all of my focus.

If I am focusing on trading, then I am not focusing on anything else and that means I will not only make a good profit, but also I am going to ignore all the other things going in my life as well. If we do that then the results will come. Obviously a lot of people are incapable of doing that and I understand the situation, it is definitely understandable since a lot of people who feel down or unhappy, will not want to focus on anything else and that's why it is harder for them.

Webetcoins

hero member

Activity: 2100

Merit: 546

Leading Crypto Sports Betting & Casino Platform

Quote from: VicManton on August 02, 2024, 12:13:39 PM

I have heard a lot of things about Bitcoin trading and even, most especially futures trading and how volatile it can be and how some countries have banned it.

Some have even gone to share with some newbies and are scared I'm new to futures, but I am thinking of starting now and some I believe to ease the fear, some reward system or back up for newbies, like having some pool of rewards to incentivise traders foe reaching a milestone sort of and it shouldn't be too high, Something around 2k usdt should be fair enough.

Do you mean you are going to start a reward system? Or do you want a system like that so that you can start yourself? If it's the first one, you can go ahead and start it and I'm sure a lot of people would love to join the program, try futures trading, and get incentivized if they lose money, but if it's the latter, I'm not sure if any platform would be ready to incentivize people for their losses, they may give back a small percentage of the total loss, but no complete reimbursement.

Futures trading is risky and it's not for newbies. Those who get into the market should stick with spot trading in their initial days until they completely understand that market and be able to read charts and predict the next moves of certain cryptocurrencies. After that, they might be ready to venture into futures trading if they think they are ready.

Phoenixtrader

member

Activity: 214

Merit: 10

Quote from: ?? on ??

Quote from: $weetne$$ on August 03, 2024, 03:32:00 PM

Quote from: Dr.Bitcoin_Strange on August 03, 2024, 01:29:57 PM

Trading is risky, and before you decide to go into trading, you have to accept the risk of either making a profit or losing your money due to market volatility. There's nothing like incentives for traders; if you make the wrong market analysis and enter a position, you will lose your capital when the money doesn't go in your direction.

Trading is risky but you should have already known this before deciding to trade and since you are feeling down from trading, I will advice for you to not stop. Losing happens when trading therefore it should not be the reason why you are having thoughts of stopping to trade. Keep trading but you can reduced your capital to avoid losing too much money when you are not having luck but do not stop. If you stop, you might not have the courage to continue trading again as you might feel like you have been defeated. Many people when they stop trading or doing something that was giving them money, they will look for some other things to do and they always go for gambling which puts them in more sad conditions because of losing to gambling and they begin to struggle to come back strong.

I'll also suggest he learns the basics and not make his chat too complicated. Happened to me and I just focused on trading resistance and support 😊and my winning rate improved... I think testing yourself via competitions like this👉futures trading battle would help his confidence and if he meets the requirement can earn him some good rewards.

You've given him a good advise. I once participated in KCGI and it was a good experience overall. You've got to commend BG for constantly rolling out opportunities like the one you mentioned for traders..

TastyChillySauce00

legendary

Activity: 3010

Merit: 1028

Leading Crypto Sports Betting & Casino Platform

Quote from: BABY SHOES on August 04, 2024, 05:07:29 PM

Prepare yourself mentally before starting futures trading because the risk of this trade is quite large you can even lose all the assets you have when prices are unstable.

I have a friend who has lost $15K in futures trading because he was too ambitious with the profits he got before he did everything with the asset, well don't let you get carried away because futures trading is not easy.

Some exchanges may do events for futures trading competitions, but they are the ones who profit from what you trade there, the incentives that are given will not be worth it normally.

got plenty of such friends as well losing so much money longing certain coin turns out the coin was dumping and they just keep spending their money to mantain the margin which ended up making them go broke.

if we aren't ready to lose the money on speculative trades, I think we should back off and never try it in the first place.

so many people got liquidated in the past 24h and majority of them are long perpetual contracts and not only limited to btc but the altcoins are having hard time as well, this is the harsh truth about trading world.

Odusko

hero member

Activity: 1008

Merit: 520

Leading Crypto Sports Betting & Casino Platform

When you are down, it is better to stay away from either trading or gambling because if you don't stay away you will continue to lose since all your physiological settings will be overly stressed to the point that you will likely not make any good investment decisions at that time so taking any action that need interlectual calculation such as opening a position in cryptocurrency trading, so for that you will be making wrong decisions based on your emotions,

So it best you just take a break when you know you are not emotionally prepared to face the market at such a stage of time and the best thing for you to save your capital, most of those that have been caught in bad trading were majority's cause by emotional control inability to stay away when the game is not in their favour.

2Pizza410000BTC

sr. member

Activity: 364

Merit: 195

Buy on Amazon with Crypto

Quote from: VicManton on August 02, 2024, 12:13:39 PM

I have heard a lot of things about Bitcoin trading and even, most especially futures trading and how volatile it can be and how some countries have banned it.

Some have even gone to share with some newbies and are scared I'm new to futures, but I am thinking of starting now and some I believe to ease the fear, some reward system or back up for newbies, like having some pool of rewards to incentivise traders foe reaching a milestone sort of and it shouldn't be too high, Something around 2k usdt should be fair enough.

I don't understand your question or query very well but do you want to involve yourself in futures trading. If you want to involve yourself in futures trading, trade very carefully. Future trading is very serious trading process, if you are not very experienced in trading then it is better to stop here. Because if you make a loss on a futures trading platform, it will be lost forever, just like an entire gambling platform. That's why I say don't get into futures trading if you are not very experienced with the trading platform. Having done futures trading myself, I have seen more losses than gains here. I have lost a lot of money on futures trading platforms due to which I have completely moved away from futures trading platforms now I only use spot trading for trading.

ScamViruS

hero member

Activity: 1876

Merit: 721

Top Crypto Casino

Having trading knowledge is a must if you want to start trading. Because there are always risks in trading, so it is important that you are aware of those risks, and the most important thing is that the more you try to learn about trading, the more effective it will be for you. Your trading strategy will not always work for you, so if you face losses for some reason, you should take a break from trading for a few days and come up with a new strategy to start trading again.

Once you go down, if you don't refresh your mind and come back to the market, you can make more wrong decisions, which will not be good for you. So you have to look at everything so that you can recover your lost trades.

BABY SHOES

sr. member

Activity: 294

Merit: 433

HODL - BTC

Prepare yourself mentally before starting futures trading because the risk of this trade is quite large you can even lose all the assets you have when prices are unstable.

I have a friend who has lost $15K in futures trading because he was too ambitious with the profits he got before he did everything with the asset, well don't let you get carried away because futures trading is not easy.

Some exchanges may do events for futures trading competitions, but they are the ones who profit from what you trade there, the incentives that are given will not be worth it normally.

Viscore

hero member

Activity: 3178

Merit: 661

Live with peace and enjoy life!

Quote from: mirakal on August 04, 2024, 08:50:14 AM

Get rid of your fear before you start trading, or else, you are risking too much for nothing. Uncertainties and fear are factors that would affect your decision-making, they won't give you the best thing to do but mistakes and losses. Therefore, give yourself time to focus and set your mindset before making a move.

Just bear in mind that trading is not a simple job, and it never works for those who are not confident. If you are not ready for futures trading, why not try spot trading first? In fact, more traders prefer spot trading to futures trading. I may suggest just listening and evaluating yourselves to see if you are capable enough, rather than regretting later.

Trading is a tough and risky job, so one who dares to trade is not just well knowledgeable and skilled, but should also be confident enough emotionally and mentally so that he will be able to make a reliable and successful trade.

Trading is never easy especially for beginners, that's why I don't encourage trading if they aren't capable enough. Most especially if we are talking with futures trading, that's quite dangerous and risky for traders who have no wide experience in trading. And as long as you decide to trade without positive outlook and is not in a good, proper condition when trading, you will never beat the market and end trading successfully and profitably.

topbitcoin

hero member

Activity: 1694

Merit: 691

Vave.com - Crypto Casino

It is better if in a downturn it is better to shut up and calm down first, not looking for excuses or justifications for other things in your trading activities, especially in futures trading where the level of volatility can be much crazier than in spot trading, which allows you to get bad things on your trading and conditions in bad conditions.

You are a beginner of course you have to understand more about futures trading, and don't behave like a gambler in this field, the battle on futures trading suppresses emotionality, if you are not used to and not ready for the stress and tension of futures trading it is better not to touch it at all.

EarnOnVictor

hero member

Activity: 826

Merit: 641

Leading Crypto Sports Betting & Casino Platform

I advise you to have your own mind about Bitcoin trading and not let people, companies, or incentives push you. Bitcoin trading is highly risky, especially in futures trading which is considered the riskiest way to earn from Bitcoin. But this is not to scare you but to prepare your mind to ascertain your preparedness for it.

To come up with the best conclusion, you should DYOR and learn to know the pros and cons attached to the trading. The pros should be able to motivate you, this is where your learning will start. When you learn, make sure you are very particular about having a good strategy that will promise at least 75% winning, proper money/risk management, balanced psychology and a viable plan.

Also regarding the $2,000 starting capital, it is a good amount to start, but the money shouldn't be your priority at first because you may also use a lower amount and build it over time. Your priority is the preservation of your trading account, and that can only happen with the right account management.

Jody.Drummer

hero member

Activity: 1708

Merit: 566

Leading Crypto Sports Betting & Casino Platform

Quote from: mirakal on August 04, 2024, 08:50:14 AM

Get rid of your fear before you start trading, or else, you are risking too much for nothing. Uncertainties and fear are factors that would affect your decision-making, they won't give you the best thing to do but mistakes and losses. Therefore, give yourself time to focus and set your mindset before making a move.

Just bear in mind that trading is not a simple job, and it never works for those who are not confident. If you are not ready for futures trading, why not try spot trading first? In fact, more traders prefer spot trading to futures trading. I may suggest just listening and evaluating yourselves to see if you are capable enough, rather than regretting later.

Fear is a very natural thing that we feel, especially if we are in the beginning we know and learn something, in this case is trade. Not too rushed to get rid of that fear, because it will disappear by itself if we continue to learn and we have more experience. The reason is if we try to get rid of that fear, it is feared that it will actually make us feel more loss. Not without reason, because we force ourselves, even though we are actually not fully ready to fight that fear. Everything needs a process and we must be patient with it.

Now I also recommend beginners to enter the spot trading first, because in the spot trading the risk is lower than the futures trading. As long as we do the spot trading, we can while studying futures trading. With that, we can learn more things and also our time will be more useful because at the same time we can benefit from others besides the futures trading.

YOSHIE

legendary

Activity: 2128

Merit: 1775

Quote from: VicManton on August 02, 2024, 12:13:39 PM

How do you Keep up with trading when you are feeling down?

Only fools do crypto trading, situations like that, crypto trading cannot be done if our situation is unstable, whether it is our mind, our heart, physical condition and so on, crypto trading cannot be forced, a situation like that can make us experience real losses, trading requires patience, thoroughness, analysis and calm when doing it, carrying out trading activities in a hurry will have fatal consequences for ourselves.

.Remember, whatever we want to do, we have to be calm and not sad or in the worst, this applies in all aspects. For this reason, whatever we want to do with money, we have to be calm without the worst conditions, I prefer to go and look for something that makes me relax, if my condition is bad, I don't want to do anything that causes harm.

FatFork

legendary

Activity: 1624

Merit: 2594

Top Crypto Casino

Quote from: VicManton on August 03, 2024, 10:09:14 AM

This can be so touching and sometimes I wonder where those money go to.

So you don't know how trading works at all? All those people who are winning with their trades, have you ever wondered where the money comes from? It doesn't magically appear out of thin air. For every winner, there's a loser. That's how trading works. Exchanges don't compensate losses because they don't owe anyone money. Their job is to facilitate trades, not act as a charity.

mirakal

legendary

Activity: 3108

Merit: 1290

Leading Crypto Sports Betting & Casino Platform

Get rid of your fear before you start trading, or else, you are risking too much for nothing. Uncertainties and fear are factors that would affect your decision-making, they won't give you the best thing to do but mistakes and losses. Therefore, give yourself time to focus and set your mindset before making a move.

Just bear in mind that trading is not a simple job, and it never works for those who are not confident. If you are not ready for futures trading, why not try spot trading first? In fact, more traders prefer spot trading to futures trading. I may suggest just listening and evaluating yourselves to see if you are capable enough, rather than regretting later.

Topic: How do you Keep up with trading when you are feeling down? - page 3. (Read 952 times)