How to maintain profitability in crypto trading - page 4.

LastKiss

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Quote from: Zanab247 on May 02, 2023, 10:57:58 AM

~snip~

I know, there are some professional traders who will like to add to this topic to help people over there so that there will be progress in constant profits making, your opinion is highly welcome.

I will suggest that those traders to be not become greedy in take a decision in trading since our greediness can make our profit from 50% to -50% in a short time. We need to have a clear mindset to do an analysis of the market. Also choosing the correct asset is crucial too since there are a lot of crypto become scams after a few months or a few years, Bitcoin will be the best option for this.

jaberwock

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Quote from: jeraldskie11 on May 04, 2023, 07:48:57 AM

Based on my trading experience, stick to your trading plan if you want to consistently make successful trades. You know your strategy is effective, so why not stick with it? However, it is not always easy to continue because your emotions will be affected if you suffer a loss. The more losses you get, the more likely it is that your emotions will suffer. So, for me, the best way to be consistent in trading is to maintain your emotion and avoid trading when you are emotional.

I thought your strategy is already effective? So why get depressed on a single or twice loss when the third, fourth and so on attempt is now going to be successful? More losses can occur if our strategy is not perfect but instead of putting your self down, you must use that energy and time to formulate another strategy.

Consistency helps but obviously we must only be consistent on the positive things. Before we trade, it's important to have other sources of income so that we will not force our selves to trade even though we are in a bad shape or we are emotional. I think that was the reason on why some are losing more in trading so let's not judge those people quickly.

wajik-tempe

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I'll add few other tips :

Use stop-loss orders, which are an important tool for risk management in cryptocurrency trading. They assist you in limiting potential losses by automatically selling your assets if their value falls below a specific threshold. Stop-loss orders allow you to preserve your capital and avoid big losses.

Keep up with the latest news and trends in the cryptocurrency market to make educated trading decisions. Keep up to date on regulatory changes, new initiatives, and technical improvements that may have an influence on the value of various cryptocurrencies.

libert19

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Your points are not what I expected. Stop losses, preserving your capital, going only a few percent of your portfolio in each trade, not shying away from taking loss — is what maintains profitability. Taking care of physical/mental health counts too, neglecting these two will cause you to have poor decision-making.

Gallar

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Quote from: Zanab247 on May 02, 2023, 10:57:58 AM

I know, there are some professional traders who will like to add to this topic to help people over there so that there will be progress in constant profits making, your opinion is highly welcome.

Maintaining profitability in crypto trading is indeed something that traders in crypto must continue to maintain and continue to earn. Because it is certain, all traders will always want to get profits. But in reality, to get continuous profits in trading in crypto, it is indeed not an easy thing. Because it takes long experience, has mastered all trading techniques (in crypto), and requires totality in carrying it out. But all of these methods also don't always guarantee you can get profits all the time, because you need to remember, this is buying and selling, and when buying and selling you will always experience losses and profits. Because that's how the reality is. Meanwhile, all of the methods that you mentioned, there is nothing wrong with them, but all of these methods only minimize to avoid losses. And it cannot be guaranteed that by carrying out all of these methods, you will continue to benefit continuously.

Mauser

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Quote from: Zanab247 on May 02, 2023, 10:57:58 AM

HERE ARE SOME WAYS TO MAINTAIN PROFITABILITY IN CRYPTO TRADING:
1) Decrease your waste : if you want to maintain constant profits in your trading, you must reduce some special time you spend in some activities that will distract your attention in crypto trading because, crypto trading need constant attention so that you will not miss your profits at the moment.

That's an interesting concept to focus on time management to have free time every week to focus on trading. I would expect that most people here on the forum are doing crypto trading in their spare time and have a full time job that consumes most of their time each day. That is why I mostly focus on the weekends on my investment portfolio. Depending on your family duties you might be able to spend 1-2 hours in the evening on cryptos. It makes a lot of sense to evaluate our daily tasks and categorise them into necessary, important and waste. If we can cut down on some activities that don't provide any benefits for us it's already a win.

Latviand

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Trading always carries an inherent risk so it's safe to assume that it's not 100% guarantee that you're going to maintain a profitability, losses will be inevitable but they can be mitigated by being disciplined, adapting to what's trending on the market, developing a trading plan, doing technical or fundamental analysis. You also need to continue educating yourself, there's a sea of information out there for you to dive in.

irhact

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Quote from: Zanab247 on May 02, 2023, 10:57:58 AM

Hi guys, happy new month, i came to discovered that there are some people in the community suffering how to maintain constant profits in crypto trading system which, I will like to share some ways that will help people to maintain constant profits in crypto trading.

3) Increase your capital: if you want to maintain profits in your crypto trading, you need to work hard to increase your capital so that it will help you to buy huge amount of coins that will help you to maintain your regular profits in the market.

Increasing your trading capital to get more results can be very tricksy as what gives the results isn't the capital but the trading strategy that you're using. Therefore to increase your results you first have to change your trading strategies and when you start seeing better results then you can move to increasing your capital to increase the profits you make from each trade they you enter.

A trader that doesn't change a strategy that isn't giving him good results first but only increase his trading capital thinking, that'll change everything will only lose those capital as he was doing with his previous capital. More money when trading only gives you an advantage when you have other factors correctly.

Xinarae*

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Quote from: hugeblack on May 04, 2023, 07:54:59 PM

It may be good advice, but it is better not to invest more than you can afford to lose, otherwise the psychological damage will be great, not to mention the financial impact.

Returning the profits you made as an investment will be a good advice.

You said very well, I also never like to invest a lot in trading in the first place, because if one invests a lot of money in trading then on the one hand he can make a lot of profit but on the contrary when he faces loss it will be more. I think that in trading it is better to increase money and increase management consistently, because when everything is managed consistently the chances of loss will be very less.

hugeblack

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Quote from: Zanab247 on May 02, 2023, 10:57:58 AM

1) Decrease your waste : if you want to maintain constant profits in your trading, you must reduce some special time you spend in some activities that will distract your attention in crypto trading because, crypto trading need constant attention so that you will not miss your profits at the moment.

This is very bad advice. Trading is not supposed to be an action that you follow every hour, but rather a strategy and a plan that defines countries and exit points and the profit-taking mechanism and leaves it to trading bots or the platform to place orders and therefore you do not need to be present to place and execute orders.

Quote from: Zanab247 on May 02, 2023, 10:57:58 AM

3) Increase your capital: if you want to maintain profits in your crypto trading, you need to work hard to increase your capital so that it will help you to buy huge amount of coins that will help you to maintain your regular profits in the market.

It may be good advice, but it is better not to invest more than you can afford to lose, otherwise the psychological damage will be great, not to mention the financial impact.

Returning the profits you made as an investment will be a good advice.

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Quote from: Zanab247 on May 02, 2023, 10:57:58 AM

1) Decrease your waste : if you want to maintain constant profits in your trading, you must reduce some special time you spend in some activities that will distract your attention in crypto trading because, crypto trading need constant attention so that you will not miss your profits at the moment.

This really relates to the focus to pay more attention to trading activities. Because trading is a complex activity, this is logic enough if we must put more focus on this. This also relates to the discipline to have when trading, so, we will not waste much time on trading activities.

Quote from: Zanab247 on May 02, 2023, 10:57:58 AM

2) Conduct market research

This is always said and told, but the reality. It is very difficult to do moreover related to the market strategy and its analysis. So, this will need a string effort to learn, understand, and also try to get enough experience. Sometimes, experiences will really tell us what to do to get appropriate research on the market, although whatever happened to the current market conditions.

AmoreJaz

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Quote from: ItsCrafty on May 04, 2023, 01:28:40 PM

Quote from: Zanab247 on May 02, 2023, 10:57:58 AM

1) Decrease your waste : if you want to maintain constant profits in your trading, you must reduce some special time you spend in some activities that will distract your attention in crypto trading because, crypto trading need constant attention so that you will not miss your profits at the moment.

Trading requires your time and as a day trader you have to constantly check the price because price changes in very quickly. But if a person keep his money more longer time then it's possible to be relax and do not check price after each second. A person will miss his profit only when he is a day trader but I think that longer term trader or investor should not be afraid of Losing because he can avoid his Losing while waiting more for appropriate timing.

and that means, you should invest on coins that are valuable in the market. because if you will invest in new alts, the likelihood of getting your profits is low as you have no idea what are the plans of the devs. with old alts and established use case, you don't need to worry about single second that they will disappear.
but let's straighten the fact that no one can guarantee your constant profitability in trading. you can lessen your losses but sometimes you can't avoid losses as well.

livingfree

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Quote from: beerlover on May 04, 2023, 11:04:39 AM

Quote from: livingfree on May 03, 2023, 09:46:24 AM

Maybe it's possible for some but not for the most.

We can maintain our activities and possibly the profits that we'll get but just as you've said, the market is always having its risk and you can't just have a good day with trading daily.

Me, I've chosen what I know is going to be the best for me. I trade some and hold for the most but whatever is effective on me, that's where I'm giving my time and trying to maintain as much as I can.

It may not be as big as what I can see from the others but I'm happy that I'm having some gains despite of my situation.

That is the right approach to trading without a doubt. Too many people end up with wrong moves and should not do that, I feel like there is going to be a lot of people who trade without knowing much about how to trade and they will end up with some troubles. We all know that it will take some time before people could see the difference but the reality is that if you could just end up trading with the knowledge you have, then you should be doing fine.

I am a long term holder as well, almost all of my money is in holding coins, and I only trade with a small amount that will not hurt me if I lose anything and 99% of the time I lose only just part of it, not all of it which means I do not end up with something too big. I hope that it gets better in the near turn, and should be doing fine.

That's always been the case that there are a lot of people that trade without having much experience or aren't prepared yet to deal with losses because they think that it's easy.

The same as you, if I have to trade a bit, I'll trade. But then, majority of what I have is being held and that's much a better approach for me because I've got better experience with it.

As long as the trades that I do aren't really that much to think of whether I lose or not and won't affect me mentally, the others should set some rules like that as well if they think that's okay.

death69

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Quote from: beerlover on May 04, 2023, 11:04:39 AM

Quote from: livingfree on May 03, 2023, 09:46:24 AM

Quote from: Kasabus on May 02, 2023, 04:28:25 PM

I doubt if we can actually maintain from profiting when we’re in real trading. The market is not always safe to trade, so there are really instances that you are force to stop and just focus on long term hodling on your chosen investment. But if what you mean is to reduce your risk or losing, you can always do that by knowing when to trade and what potential coins to trade. Maintaining profitability is actually good, but you can’t actually expect it to be happening from an uncertain and unpredictable market.

Maybe it's possible for some but not for the most.

We can maintain our activities and possibly the profits that we'll get but just as you've said, the market is always having its risk and you can't just have a good day with trading daily.

Me, I've chosen what I know is going to be the best for me. I trade some and hold for the most but whatever is effective on me, that's where I'm giving my time and trying to maintain as much as I can.

It may not be as big as what I can see from the others but I'm happy that I'm having some gains despite of my situation.

That is the right approach to trading without a doubt. Too many people end up with wrong moves and should not do that, I feel like there is going to be a lot of people who trade without knowing much about how to trade and they will end up with some troubles. We all know that it will take some time before people could see the difference but the reality is that if you could just end up trading with the knowledge you have, then you should be doing fine.

I am a long term holder as well, almost all of my money is in holding coins, and I only trade with a small amount that will not hurt me if I lose anything and 99% of the time I lose only just part of it, not all of it which means I do not end up with something too big. I hope that it gets better in the near turn, and should be doing fine.

You know the saying - a penny saved is a penny earned. Or, in our world, a Bitcoin saved is a Bitcoin earned.

Totally with you on the HODL game, buddy. It takes a special kind of crypto-fanatic to fight the itch to trade and fiddle with their stash nonstop. But man, there's no feeling like watching your investments soar and knowing you had the guts to stick to your plan.

Now, I'm not saying trading ain't got its perks. But if you're gonna give crypto trading a whirl, tread carefully and keep your skeptic hat on. It's super easy to get swept away by market buzz, but way tougher to stay cool and make smart choices.

At the end of it all, it's about striking the right mix of caution and seizing chances. Nail that, and you're on the road to being a Bitcoin bazillionaire. Or at least, that's what I keep whispering to myself.

ItsCrafty

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Quote from: Zanab247 on May 02, 2023, 10:57:58 AM

1) Decrease your waste : if you want to maintain constant profits in your trading, you must reduce some special time you spend in some activities that will distract your attention in crypto trading because, crypto trading need constant attention so that you will not miss your profits at the moment.

Trading requires your time and as a day trader you have to constantly check the price because price changes in very quickly. But if a person keep his money more longer time then it's possible to be relax and do not check price after each second. A person will miss his profit only when he is a day trader but I think that longer term trader or investor should not be afraid of Losing because he can avoid his Losing while waiting more for appropriate timing.

TheUltraElite

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So anyway, I applied as a merit source :)

Increasing the capital is difficult, unless you are earning increasing amounts every month, then good for you. However dont think about reallocating assets to investment money. Researching during the bear market should give rise to some critical data which can make or break a starting investment in a new project.

Quote from: jeraldskie11 on May 04, 2023, 07:48:57 AM

Based on my trading experience, stick to your trading plan if you want to consistently make successful trades. You know your strategy is effective, so why not stick with it? However, it is not always easy to continue because your emotions will be affected if you suffer a loss. The more losses you get, the more likely it is that your emotions will suffer. So, for me, the best way to be consistent in trading is to maintain your emotion and avoid trading when you are emotional.

The buy low and sell high is a long term strategy and always works in the long term, if kept running patiently. No other strategy/trick/method is needed at all. Rather you could focus on other things in life like friends and family. Getting involved in day trading is like a bad drug, you get addicted to the attempt to make profit but it never comes and you are stuck in the cycle or loss and deposit more.

beerlover

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Quote from: livingfree on May 03, 2023, 09:46:24 AM

Quote from: Kasabus on May 02, 2023, 04:28:25 PM

I doubt if we can actually maintain from profiting when we’re in real trading. The market is not always safe to trade, so there are really instances that you are force to stop and just focus on long term hodling on your chosen investment. But if what you mean is to reduce your risk or losing, you can always do that by knowing when to trade and what potential coins to trade. Maintaining profitability is actually good, but you can’t actually expect it to be happening from an uncertain and unpredictable market.

Maybe it's possible for some but not for the most.

We can maintain our activities and possibly the profits that we'll get but just as you've said, the market is always having its risk and you can't just have a good day with trading daily.

Me, I've chosen what I know is going to be the best for me. I trade some and hold for the most but whatever is effective on me, that's where I'm giving my time and trying to maintain as much as I can.

It may not be as big as what I can see from the others but I'm happy that I'm having some gains despite of my situation.

That is the right approach to trading without a doubt. Too many people end up with wrong moves and should not do that, I feel like there is going to be a lot of people who trade without knowing much about how to trade and they will end up with some troubles. We all know that it will take some time before people could see the difference but the reality is that if you could just end up trading with the knowledge you have, then you should be doing fine.

I am a long term holder as well, almost all of my money is in holding coins, and I only trade with a small amount that will not hurt me if I lose anything and 99% of the time I lose only just part of it, not all of it which means I do not end up with something too big. I hope that it gets better in the near turn, and should be doing fine.

cydrix

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Since cryptocurrency trading has always been viewed as high risk, it is virtually impossible to consistently maintain profitability. I think everyone will concur with that. If, however, your goal is to decrease losses and maximize profits, you should increase your trading capital after each successful deal. But to do that requires a lot of skill and risk. Even experienced traders cannot ensure that investing more money would increase their returns. Because of this, many merchants are only able to trade with little sums.

DevilSlayer

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Quote from: Peanutswar on May 03, 2023, 08:59:44 AM

To have a good win rate maintain your consistency make a trade when you are fully prepared and ready this is all about the market price so all of your knowledge and learning can be applied with your trade this depends on your profit having a proper execution of your trades makes you more easier to make a green portfolio.

Trade in your expertise don't trade by just depends on other people make your own signals and analyzation for your trades.

Proper planning, proper execution (following your plans), proper mindset and proper risk management are the key to maintain profitability in trading. A lot of traders misunderstand that they think they only need to know how to trade and ignore the other areas like planning, how they should think when they are trading, managing their expectations and also how much they will allocate. Maintaining profitability is very hard thing to do and you need a lot of experiences just to do it, if you will take a look of the data about it; you will find out that only 5% are consistent winners in the market and the rest of 95% are the people who are maintaining their title of losers because they ignore the other areas of trading.

Being aware to your thoughts when you are still planning, during and after the trade is very important because it can be a signal on why you think like that and how you came up with that decision, mistakes are normal but what is not normal is keep committing mistakes every single trade because of greed and also the pressure to make money. There are also a lot of things that should be consider like avoid toxic communities because it is one of the main reason why a lot of people are getting FOMO which cause them to incur a lot of losses.

jeraldskie11

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Based on my trading experience, stick to your trading plan if you want to consistently make successful trades. You know your strategy is effective, so why not stick with it? However, it is not always easy to continue because your emotions will be affected if you suffer a loss. The more losses you get, the more likely it is that your emotions will suffer. So, for me, the best way to be consistent in trading is to maintain your emotion and avoid trading when you are emotional.

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