You only need to evaluate your strategy and mindset, because the biggest mistake is in there. Trading is not easy, need fund and time that maybe you only get experience not profit. Trading has purpose grow up fund not profit because have big fund make your step easier than before. Try to find your mistakes and never let other people make you down, good luck to you.
I don't think the biggest mistake is in his thinking and strategy, the biggest mistake is in the way he thinks about trading and blaming luck, he does not admit knowledge weaknesses and the assessment of his failure is because he has no luck. As you said, trading is not easy, we need to try to understand more about it every day, if we fail, unlucky is probably part but deep in it, that's how we enter the market, we really don't do anything wrong here, we're just going in the wrong direction, using inappropriate methods, and just adjusting, success will come. 
Topic: I am not lucky in trading - what am I doing wrong? - page 10. (Read 2112 times)
I understand your problem. Honestly, I guess most traders do. The fact that you haven’t learned trading doesn’t necessarily mean that you are not fit for this activity. Maybe, you gust need to re-think if sources of knowledge that you use are good. How well do you know the situation on the market? In case if you can’t say which crypto coin has been the most volatile, use bots that will help you keep in touch with reality – https://t.me/CexIoInfoBot. Read the most important crypto news on sources like this one – https://cointelegraph.com/tags/cryptocurrencies and practice a lot. Wish you luck.
Not all traders are starting to earn a lot of money and profit because sometimes even you are knowledgeable about the capital, some unexpected issues may happen when you are trading. I think it is better if you know how to read graphs properly even you know how to sell, but sometimes the wrong prediction can cause a loss of income. One of the best ways to earn is understand when you sell and buy coins and if you are decided to wait better to hold your coins. You can explore more about some techniques.
I understand your problem. Honestly, I guess most traders do. The fact that you haven’t learned trading doesn’t necessarily mean that you are not fit for this activity. Maybe, you gust need to re-think if sources of knowledge that you use are good. How well do you know the situation on the market? In case if you can’t say which crypto coin has been the most volatile, use bots that will help you keep in touch with reality – https://t.me/CexIoInfoBot. Read the most important crypto news on sources like this one – https://cointelegraph.com/tags/cryptocurrencies and practice a lot. Wish you luck.
What do you mean luck? Are you basing your decisions just because of luck? I think it is the problem why you lose in trading. You do not have effective analysis because your basing your decision base on luck. Change that poor mentality in order for you to improve your mindset while trading.
Yes, you are right some time our mindset will help us to hold the coin, but suddenly things will change, yes, even though we don't have a higher set of knowledge towards trading, but surely we should always react on time, sometimes it is based on the luck we have towards the market.
What do you mean luck? Are you basing your decisions just because of luck? I think it is the problem why you lose in trading. You do not have effective analysis because your basing your decision base on luck. Change that poor mentality in order for you to improve your mindset while trading.
You only need to evaluate your strategy and mindset, because the biggest mistake is in there. Trading is not easy, need fund and time that maybe you only get experience not profit. Trading has purpose grow up fund not profit because have big fund make your step easier than before. Try to find your mistakes and never let other people make you down, good luck to you.
Don't think like this way, it's not a matter for you, it's a general issue for us who love trading, In recent time, the trading segment is not going well because of the market, it's true that you have to face such type of time because of having some personal indicator or emotional decision, either your analysis part wasn't enough to get a good result or you made decision based on your emotion so far, I know a lot of people who have lost a huge money by trading but those are not stopped yet, They made another attempt to make a good trading, in this way they are gaining profit from trading, so don't lose your hope.
I have fallen in to these same traps. For me the answer is long term trading only. Right now I would consider buying only because the price seems relatively low and I think it will go much higher later. If I do buy and the price drops, I won’t sell but I will consider buying more.
Yes, long term trading will be the best option instead of selling them in the short term. Price is dropping hugely when the price of Bitcoin is fluctuating, and it is not the right idea to sell them, but the best option is to buy the coin whenever the price drops and it will surely help us to protect us to make a profit when the price starts recovering again.
that happens to a lot of people, not just to you. Just continue to practice trading with small amounts. When you average the times that a traders missed the right buy or sell point, I think most of us are more in the negative. Trading will test your patience and sometimes it will seem that you're just out of luck. Good traders set this aside and continue to learn. If you want to be an efficient trader, then you shouldn't let setbacks dictate your general outlook towards trading. It's a continuous learning process.
Correct and he shouldn't lose hope for those loses since he might gonna come up with an idea on how to trade properly by those experience and the only thing he need to do is to prolong our patience,learn the statistical movements of the market and deprive our fear aswell extend our patience on it since if we master it for sure a lots of income will come unto us.
But also maybe if he don't have enough bankroll for possible losses maybe I suggest it to him to use the site who offered trial phase or maybe just monitor and learn the market flow.
that happens to a lot of people, not just to you. Just continue to practice trading with small amounts. When you average the times that a traders missed the right buy or sell point, I think most of us are more in the negative. Trading will test your patience and sometimes it will seem that you're just out of luck. Good traders set this aside and continue to learn. If you want to be an efficient trader, then you shouldn't let setbacks dictate your general outlook towards trading. It's a continuous learning process.
I have fallen in to these same traps. For me the answer is long term trading only. Right now I would consider buying only because the price seems relatively low and I think it will go much higher later. If I do buy and the price drops, I won’t sell but I will consider buying more.
I guess many of us have those experiences, even myself. He needs to learn more about the indicator, analyze the chart in many interval times so he can know where the bitcoin price wants to moves. But I suggest he not try to make a big profit if he cannot do that because that will be too difficult to determine the right time to buy and sell bitcoin. It is better to make a small profit, but he can do that over and over than to make the profit at one time only because I guess that his profit will be bigger than in the one time profit.
I have fallen in to these same traps. For me the answer is long term trading only. Right now I would consider buying only because the price seems relatively low and I think it will go much higher later. If I do buy and the price drops, I won’t sell but I will consider buying more.
Maybe not too confident with what we speculate make you more careful when pick an action. Especially if you said you only use Volume as indicator. Actually i see only from what i learn, not too hury to sell your bitcoin if you see bear trap. I mean in bear market, it is better to take a rest and start do trading when you see bull run come.
I'd say your tactic can work only if you are long-term player.
For short traders there is no way to blindly buy/sell and still be in profit.
As I said you can choose simple tactics for long trading - for instance you buy 1 btc on $6800 and write down on paper that you'll sell if: 1. btc gets lower than $6600 2. btc gets higher than $7100.
Basic stuff, I know.
For me OP this is the basics in crypto trading so try this like example do buy or invest little by little only then i recommend or suggest eth,bch,xrp,nano,xmr,bnb,dash,ltc for your different investment because this are trusted and popular then every drops like 20% of all of this then do buy or invest again then if they drops again like 20% again in again then do buy or invest again,Moreover base your investment on how they are useful and helpful like in their potentials
In my opinion there is nothing wrong with what you do, sometimes bad events like to happen suddenly. Something like that can
happen to anyone, not only you are the one who often experienced it. Almost everyone must have experienced it, I think you were
just unlucky related to this. Just be patient, and do not despair with the incident. Later will we find a way to overcome this problem.
To be honest, it is sometimes as good as any analysis we have done, the final result is not ours to determine. And also the volatile
bitcoin movement really likes to change suddenly. So we really need to be careful in every decision we make.
happen to anyone, not only you are the one who often experienced it. Almost everyone must have experienced it, I think you were
just unlucky related to this. Just be patient, and do not despair with the incident. Later will we find a way to overcome this problem.
To be honest, it is sometimes as good as any analysis we have done, the final result is not ours to determine. And also the volatile
bitcoin movement really likes to change suddenly. So we really need to be careful in every decision we make.
if you already holding bitcoin since bull run of last halving for sure you dont lose anything but if you sell then buying again you already lose ; when you hold bitcoin for long term you will make profit without doupte ;for example this is the good time for invest in bitcoin even for new investors
~snip~
What tools/indicators youve been using?If its just support and resistance line then you are targetting those lines for possible
break outs and bounce back then these kind of trading is really stressing.You cant be sure if price would go through or would
recover but somehow if you do lost up some position you can set stop loss.Why not try on swing type of trade?
it is either you choose to a short term trader or a long term. if you ever buy high, give it more time and wait. no matter how long, with it will definitely go back up. then you can sell. but if you regret your move and sell short. that is a double damage. you might loose everything. your money and bitcoin. why not wait for the price to go back up. then you can sell again.
Have you tried using other indicators like RSI, Stochaistic RSI, Bollinger Bands other than volumes? Seems that you are misreading your indicator. If you are not sure when to buy or to sell your btc, you can confirm it to the other indicators like I have mentioned above.
On the other hand, I can see you are not that confident to yourself because you always had a bad entry and exit point. Determined your bad entries, it is not necessary to just rely on your own guts or your own prediction. That is why we need technical analysis for basis and to spot where we gonna sell or buy at the right time.
On the other hand, I can see you are not that confident to yourself because you always had a bad entry and exit point. Determined your bad entries, it is not necessary to just rely on your own guts or your own prediction. That is why we need technical analysis for basis and to spot where we gonna sell or buy at the right time.
Yes, @OP should learn this indicator. It is better to learn more indicators so that when In doubt you can verify another indicator. Also, be aware that trading has losses too, not all trades are gainful. But, by learning some tools, you can minimize your losses. Study more resources and practice.
trading is easy, just looking for the right time to sell/buy it is very difficult. many people have stopped because they are always panicking with what's happening. one thing you don't do is try to hold on in the long run.
if I'm not mistaken, what you do is short-term trading. the time range that happened when the bitcoin price of $ 7000 then dropped to $ 6500 and went back up at this price not so long ago, so I feel you might have the emotions of FUD, or FOMO. in trading, that is the main problem. if you still have assets now, try to calm down and wait until 2020. many people are speculating that prices will pump that year, and I think so too.
if I'm not mistaken, what you do is short-term trading. the time range that happened when the bitcoin price of $ 7000 then dropped to $ 6500 and went back up at this price not so long ago, so I feel you might have the emotions of FUD, or FOMO. in trading, that is the main problem. if you still have assets now, try to calm down and wait until 2020. many people are speculating that prices will pump that year, and I think so too.
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