We are can not make possible in every trade will make profit, we only can calculate in every month how many % in loss and how many % get profit., and from that should be we can make the higher percentace of profit. Make consistent profit in trading should be by accumulate in montly and not in every trade. And to make consistent profit we have to learn more about trading plan and management of money and risk. In market situation now is only possible to make profit from short trading.
I'm scalping market at this moment making profit on 5 min candles. Making up to 0,5 -1% from 1 trade witch i hold few min only making dozens of trades dayli.
Bull market - long investments.
Bear market - short or scalping.
To topic creator:
You are right. Money managment is key to cut looses. If you dont know the market (even if you are pro on stock or forex) start with minimum bet, learn market and then jump with full capital.
Never put all your money in one trade. Every expirienced trader know that thare are black swans. Trades than can go totaly wrong (-80% in 5 min beacuse of bad news - for example hack of exchange or coin in cryptomarket)
You can never cut all losses. But you can save yourself from making 0 in your wallet from 1 stupid trade. Cut losses and begin to earn with that capital again istead of sitting on 1 coin for years waiting for it to recover.
If you want that I don't have any loss. First select some alt coin price increase and decrease and have good future in this coin. you buy sell this coin when you see that coin price decrease you don't sell this coin you hold it and when it price increase sell it.
Yea.... again hodl hodl hodl talk. You are right since first mistake... It will zero your portfolio once and you will learn that hodl is not the only and best option. Think about it. There is 2000 currencies. You really think all of them are necessary? 90% of them must die. 90% of your hodl coin will die someday!
You never know when it will start. You will earn on your hodl tactics next month/year/5 years from 1k$ to 10k$ 100k$ but when it will happend you will loose it all. 1 mistake and your hodl tactick will lead you to 0. And it can start even today.