I am not lucky in trading - what am I doing wrong?

imutlinda

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Quote from: South Park on January 27, 2020, 11:36:19 AM

Quote from: Edraket31 on January 24, 2020, 01:21:19 AM

If after failing many times you think that trading is not fit for you, then maybe you are right, and maybe it's time for you to find other opportunity that will fit for you.

Remember that, an expert or a successful trader will always say that 'no matter how many times they will fail, they won't give up and will wait for the time they will become successful'.

This is an important realization, most people believe that everyone can become good at anything and that is not true, we have a set of characteristics that make us better at certain things and not so good at other things, it is important to realize as soon as possible in which activities we have some talent and concentrate on those otherwise we run the risk of wasting our time just as all the people that thought they could make money by trading the markets have done so.

but the ability of people can be gifted from birth or they practice and become a new habit. but the benchmarks for success will indeed vary. so if you think when we always try and fail then we don't fit in this place, I think it's a matter of the strength of these people. but what makes it difficult is that there are no special classes for studying certified trade.

South Park

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Quote from: Edraket31 on January 24, 2020, 01:21:19 AM

If after failing many times you think that trading is not fit for you, then maybe you are right, and maybe it's time for you to find other opportunity that will fit for you.

Remember that, an expert or a successful trader will always say that 'no matter how many times they will fail, they won't give up and will wait for the time they will become successful'.

This is an important realization, most people believe that everyone can become good at anything and that is not true, we have a set of characteristics that make us better at certain things and not so good at other things, it is important to realize as soon as possible in which activities we have some talent and concentrate on those otherwise we run the risk of wasting our time just as all the people that thought they could make money by trading the markets have done so.

wildan88

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Quote from: Apened on January 24, 2020, 03:49:53 AM

Quote from: Ayiranorea on January 24, 2020, 02:23:39 AM

Quote from: Edraket31 on January 24, 2020, 01:21:19 AM

If after failing many times you think that trading is not fit for you, then maybe you are right, and maybe it's time for you to find other opportunity that will fit for you.

Remember that, an expert or a successful trader will always say that 'no matter how many times they will fail, they won't give up and will wait for the time they will become successful'.

Trading isn't fit for everyone, but one can master in it. To master in trading one needs to learn continuously, even when trading isn't that effective we need to learn something out of the failed trade. As said even the successful trader will fail, but only few has the backup to try harder without giving up.

Yes, and not all is capable of trading for so many reason we have different works and daily activities, only few succeed because they're not give up on something until they learned the proper strategy . Patience and the ability to learn is not for short term only a trader must taken or experience many tough times and losses, this is were afraid of losing at the same time fund management will be learned.

not a good reason not to be able to trade if you have different jobs and daily activities, trading depends on your skills and knowledge, even if you have a lot of work and activities if you have knowledge you can still do it and get a profit in trading. so the reason why not everyone can trade is trading skills and knowledge. there are many people who trade only with feelings like gambling and guessing, so that is really bad. because I've also done it before really learning about good trading.

Apened

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Quote from: Ayiranorea on January 24, 2020, 02:23:39 AM

Quote from: Edraket31 on January 24, 2020, 01:21:19 AM

If after failing many times you think that trading is not fit for you, then maybe you are right, and maybe it's time for you to find other opportunity that will fit for you.

Remember that, an expert or a successful trader will always say that 'no matter how many times they will fail, they won't give up and will wait for the time they will become successful'.

Trading isn't fit for everyone, but one can master in it. To master in trading one needs to learn continuously, even when trading isn't that effective we need to learn something out of the failed trade. As said even the successful trader will fail, but only few has the backup to try harder without giving up.

Yes, and not all is capable of trading for so many reason we have different works and daily activities, only few succeed because they're not give up on something until they learned the proper strategy . Patience and the ability to learn is not for short term only a trader must taken or experience many tough times and losses, this is were afraid of losing at the same time fund management will be learned.

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Quote from: Edraket31 on January 24, 2020, 01:21:19 AM

If after failing many times you think that trading is not fit for you, then maybe you are right, and maybe it's time for you to find other opportunity that will fit for you.

Remember that, an expert or a successful trader will always say that 'no matter how many times they will fail, they won't give up and will wait for the time they will become successful'.

Trading isn't fit for everyone, but one can master in it. To master in trading one needs to learn continuously, even when trading isn't that effective we need to learn something out of the failed trade. As said even the successful trader will fail, but only few has the backup to try harder without giving up.

Edraket31

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If after failing many times you think that trading is not fit for you, then maybe you are right, and maybe it's time for you to find other opportunity that will fit for you.

Remember that, an expert or a successful trader will always say that 'no matter how many times they will fail, they won't give up and will wait for the time they will become successful'.

MancyZz

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Quote from: Panslav on November 27, 2019, 12:19:15 PM

Hello all,

need advise, if any exist

I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.

For example I see a series of red candles with increased selling volume, price crossing support line (like today crossing 7040, 7000, 6900 USD) so I sold 0.8btc in expectation price fall to 6500 usd as few days ago.
But 1.5 hour later price changed and went up and my prediction was again wrong. And the same is during increase of price. If the price hits e.g. 10300 usd and starts falling I do not sell, because I am not sure when it will turn again. And then I usually miss fall in price from 10300 to 7300 which is finally 3000 usd, what you can earn on 1 sold btc at correct time.

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?

thanks
P.

the first thing you must to be patience because such case in above you are not patience to wait bitcoin price. bitcoin price is unpredictable but bitcoin movement can follow it . do not to be rush, and start with small amount if you feel you are not expert
many people feel about not lucky in trading, not only you are. so its no problem you have to learn hard again

South Park

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Quote from: Janation on January 18, 2020, 06:21:17 AM

Quote from: Asmonist on January 18, 2020, 06:12:39 AM

So far I just choose my bid for trading to get the best price. But there are really times that we cannot predict the price downfall. Maybe its just a matter of timing. And as much as you can you must not trade all your funds to have spare whatever happens.

That is a rule that no one doesn't need to say, it is an unspoken rule.

I know that there are a lot of people trying to bet and want to get the maximum profit they can get but pushing all of your money into your investment especially if it is a cryptocurrency, that would be so risky. Better trade with a small amount first so you can ensure that you can't lose that much and can invest a lot of times.

The greed of people gets in the way, they know that they should trade with a small amount of money first but when they think of the profits they could make they decide to use all their money even if they have never really tested their strategy on the markets and they are not sure if they can obtain profits with it, their greed is so strong that it pushes them to trade even when they know they should not and it is one of the most important reasons why people keep losing their money in the markets.

Janation

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Quote from: Asmonist on January 18, 2020, 06:12:39 AM

So far I just choose my bid for trading to get the best price. But there are really times that we cannot predict the price downfall. Maybe its just a matter of timing. And as much as you can you must not trade all your funds to have spare whatever happens.

That is a rule that no one doesn't need to say, it is an unspoken rule.

I know that there are a lot of people trying to bet and want to get the maximum profit they can get but pushing all of your money into your investment especially if it is a cryptocurrency, that would be so risky. Better trade with a small amount first so you can ensure that you can't lose that much and can invest a lot of times.

Asmonist

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So far I just choose my bid for trading to get the best price. But there are really times that we cannot predict the price downfall. Maybe its just a matter of timing. And as much as you can you must not trade all your funds to have spare whatever happens.

bohr

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Quote from: Chrystora123 on January 16, 2020, 02:47:23 AM

Quote from: Panslav on November 27, 2019, 12:19:15 PM

snip..

many have experienced problems like yours and to be honest, in the past, I was one of that (always lose because of selling and buying at the wrong price). this all happened because of my inability to control emotions.. my advice is to learn to control your emotions by trading small amounts every day, if you are able to control your emotions a little then you can increase the number of your transactions and so on.

Your method makes sense but very few people are going to apply it, why you may ask? Because people do not really have the patience to wait for weeks or for months to finally begin to trade their capital, they think that if they are not trading money when the market is hot then they will have to wait for months or even years for those conditions to appear again not understanding that a good trader can make money under any conditions but you can only become a good trader if you study and practice your abilities as a trader.

Ridwan Fauzi

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Quote from: Chrystora123 on January 16, 2020, 02:47:23 AM

Quote from: Panslav on November 27, 2019, 12:19:15 PM

snip..

many have experienced problems like yours and to be honest, in the past, I was one of that (always lose because of selling and buying at the wrong price). this all happened because of my inability to control emotions.. my advice is to learn to control your emotions by trading small amounts every day, if you are able to control your emotions a little then you can increase the number of your transactions and so on.

I just thinking that the new trader will trade depend on his strategy learning. They will learn first how strategy that they use such as moving avarage, RSI and etc but I'm sure they will forget to learn how they should be do by their emotional when they are trade.

But as far as I know, we need more prectice to control our emotion when we trade. You might ever felt when you became new trader you will feel restless when the price is going down and you will be calm when the price movement is going up and you just confuse how to deal with that situation. But when you have many experience you will face any situation calmly and believe that your prediction will give you profit.

Chrystora123

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Quote from: Panslav on November 27, 2019, 12:19:15 PM

snip..

many have experienced problems like yours and to be honest, in the past, I was one of that (always lose because of selling and buying at the wrong price). this all happened because of my inability to control emotions.. my advice is to learn to control your emotions by trading small amounts every day, if you are able to control your emotions a little then you can increase the number of your transactions and so on.

DevilSlayer

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Quote from: adroitful_one on January 15, 2020, 10:17:26 PM

Quote from: Arkann on January 15, 2020, 11:41:33 AM

Quote from: MWesterweele on January 14, 2020, 05:54:34 PM

Quote from: @prashant on January 14, 2020, 04:39:19 AM

It is normal to experience failure nobody is born expert in trading, take these as lesson and do more trading with demo account as it will boost your confidence and skills and try to learn strategies and avoid pump and dump group.

Yes its true, no one begin as an expert we all experienced lossew we lose so many times before we learn how to trade , I lose my money before too, but I did not think that it is becuse I am not lucky but I take it as a challenge to myself to move forward and learn from it. We need to take a risk and learn so that we would not be losing any big amount anymore.

It seems to me that it is completely impossible not to lose a certain amount of funds on the cryptocurrency market, even if you have enough experience. Although I could be wrong, because I am not yet a professional. But according to my observations, it is very difficult to predict the development of events on the cryptocurrency market in relation to a particular project. Mistakes do everything and losses also exist, but the main task is to find the right way to minimize your losses.

Judging by your post, you may want to look into trading things a little sooner. Also, it sounds like you may be trying to invest in newer projects and not trading more established coins? If developments in the projects are costing you money, you're probably holding too long and investing in newer projects instead of sticking to the top coins. Personally, I don't hold anything longer than a week or so. So if something with the project pops up and ruins my trade, it would have to be a huge surprise. You don't have to shoot for 100% profit on every trade. Even just a few percent adds up very quickly.

The holding period is depends on what type of trader are we. We should ask ourselves if we are a short term trader or a long term trader. I am a short term trader and I have a verage holding period of 5 days, if my bias did not happen then I will quickly sell ot what matter it is because it is part of my plan. Planning before trading is important because it makes our trade to become successful.

adroitful_one

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Quote from: Arkann on January 15, 2020, 11:41:33 AM

Quote from: MWesterweele on January 14, 2020, 05:54:34 PM

Quote from: @prashant on January 14, 2020, 04:39:19 AM

It is normal to experience failure nobody is born expert in trading, take these as lesson and do more trading with demo account as it will boost your confidence and skills and try to learn strategies and avoid pump and dump group.

Yes its true, no one begin as an expert we all experienced lossew we lose so many times before we learn how to trade , I lose my money before too, but I did not think that it is becuse I am not lucky but I take it as a challenge to myself to move forward and learn from it. We need to take a risk and learn so that we would not be losing any big amount anymore.

It seems to me that it is completely impossible not to lose a certain amount of funds on the cryptocurrency market, even if you have enough experience. Although I could be wrong, because I am not yet a professional. But according to my observations, it is very difficult to predict the development of events on the cryptocurrency market in relation to a particular project. Mistakes do everything and losses also exist, but the main task is to find the right way to minimize your losses.

Judging by your post, you may want to look into trading things a little sooner. Also, it sounds like you may be trying to invest in newer projects and not trading more established coins? If developments in the projects are costing you money, you're probably holding too long and investing in newer projects instead of sticking to the top coins. Personally, I don't hold anything longer than a week or so. So if something with the project pops up and ruins my trade, it would have to be a huge surprise. You don't have to shoot for 100% profit on every trade. Even just a few percent adds up very quickly.

Arkann

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Quote from: MWesterweele on January 14, 2020, 05:54:34 PM

Quote from: @prashant on January 14, 2020, 04:39:19 AM

It is normal to experience failure nobody is born expert in trading, take these as lesson and do more trading with demo account as it will boost your confidence and skills and try to learn strategies and avoid pump and dump group.

Yes its true, no one begin as an expert we all experienced lossew we lose so many times before we learn how to trade , I lose my money before too, but I did not think that it is becuse I am not lucky but I take it as a challenge to myself to move forward and learn from it. We need to take a risk and learn so that we would not be losing any big amount anymore.

It seems to me that it is completely impossible not to lose a certain amount of funds on the cryptocurrency market, even if you have enough experience. Although I could be wrong, because I am not yet a professional. But according to my observations, it is very difficult to predict the development of events on the cryptocurrency market in relation to a particular project. Mistakes do everything and losses also exist, but the main task is to find the right way to minimize your losses.

MWesterweele

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Quote from: @prashant on January 14, 2020, 04:39:19 AM

It is normal to experience failure nobody is born expert in trading, take these as lesson and do more trading with demo account as it will boost your confidence and skills and try to learn strategies and avoid pump and dump group.

Yes its true, no one begin as an expert we all experienced lossew we lose so many times before we learn how to trade , I lose my money before too, but I did not think that it is becuse I am not lucky but I take it as a challenge to myself to move forward and learn from it. We need to take a risk and learn so that we would not be losing any big amount anymore.

Kevondo

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Quote from: @prashant on January 14, 2020, 04:39:19 AM

It is normal to experience failure nobody is born expert in trading, take these as lesson and do more trading with demo account as it will boost your confidence and skills and try to learn strategies and avoid pump and dump group.

Luck is not a factor that is to be counted in trading. Trading is all about getting more and more experience and then utilizing your polished skills along with the background knowledge. So it is okay even if you have failed .Try to be patient and more organized in your plans next time .

@prashant

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It is normal to experience failure nobody is born expert in trading, take these as lesson and do more trading with demo account as it will boost your confidence and skills and try to learn strategies and avoid pump and dump group.

novaprime

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Quote from: gweedo on January 12, 2020, 09:18:13 AM

As long as you change your trading strategy, everything will be fine. If you are unlucky in trading, it is better that you choose another option is hold. Try to analyze altcoins and look for a few suitable altcoins to buy then hold them for a long time to achieve maximum profits. Trading is difficult because you cannot know the direction of bitcoin and you may not always get it right

Before becoming a trading expert, they certainly experienced a lot of different failures and indeed the market was very harsh. I think never give up and try to learn new knowledge about trading to ensure you have a good profit. Personally, I am not a lucky person to trade here, but I always spend time analyzing and choosing the right time to invest because it is a time when I am very successful.

In addition, you also need to have a reasonable investment strategy when participating in trading and always set stop loss if the market has unexpected collapse because this market is difficult to predict.

Topic: I am not lucky in trading - what am I doing wrong? (Read 2131 times)