Trading is not main for everyone because if you cannot discover what you are doing wrong that is making you to be making losses since you have started trading crypto currency till date then you just have to quit trading and look for something else doing that will make money.
Exactly. There are really individuals who cannot trade successfully and end up losing most of the time. I suggest that you should take a break first and find some other way how to make an income from crypto. I know there are a lot of ways in crypto, only you should be explore the crypto world. 
Topic: I am not lucky in trading - what am I doing wrong? - page 7. (Read 2112 times)
Trading is not main for everyone because if you cannot discover what you are doing wrong that is making you to be making losses since you have started trading crypto currency till date then you just have to quit trading and look for something else doing that will make money.
I think you did well, you sell when you predict prices will fall because prices cross the support line and when you decide to sell, then at least you think it's a profit to be gained, right? Because why do you sell when you know you will lose? If you realize that selling at that time is a loss, why can't you be more patient, because basically you realize that prices will rise and fall quickly. So in this problem is about emotional control which in the end you panic.
Also this is just because he wasn't believe that his prediction/analyst will going well. I guess being a trader should/must believe to their own prediction. They must have confidence that their predictions will lead to profit, do not ignore price movements so they can create a high panic because it is really bad. Actually, OP can make another strategy when his prediction going wrong, such as choosing hold strategy. I get used to use this strategy, when my prediction is went wrong I just choose hold for long term investment or I'll sell them when them I've got profit. You get it wrong, people do not need luck in trading. They need to understand first the technical analysis where you can have an idea wheere is the best time to entry and exit in trading. Do not base your decision by luck, you keep losing because you habe misconception about how trading works and you do not use trading strategies.
I'm not aggree, we need luck to success in trading especially cryptocurrency trading because the price often beyond technical analysis and could pump and dump just in hours. The price could be pump and dump by the whales. You need luck to follow the wave in a correct direction unless you're the whale.
is if the market would tend to oppose its direction then you would still lose that trade.
Questions in mind on whats going on or something wrong in our trade is always there.Due to unpredictability of the market these things arent new.Just be patient and learn up from those experiences
and you will able to grasp on how to deal with it.
I think you did well, you sell when you predict prices will fall because prices cross the support line and when you decide to sell, then at least you think it's a profit to be gained, right? Because why do you sell when you know you will lose? If you realize that selling at that time is a loss, why can't you be more patient, because basically you realize that prices will rise and fall quickly. So in this problem is about emotional control which in the end you panic.
You get it wrong, people do not need luck in trading. They need to understand first the technical analysis where you can have an idea wheere is the best time to entry and exit in trading. Do not base your decision by luck, you keep losing because you habe misconception about how trading works and you do not use trading strategies.
I'm not aggree, we need luck to success in trading especially cryptocurrency trading because the price often beyond technical analysis and could pump and dump just in hours. The price could be pump and dump by the whales. You need luck to follow the wave in a correct direction unless you're the whale.
It's happening sometimes when you'll not be lucky in trading, but you don't need to stop that, I'm sure that everyone at some point will get a decent profit from gambling if they understand the market moves very well after getting a sufficient knowledge.
Trading mistakes don't just happen to you, I often experience things like that, sometimes buying bitcoin becomes a height, if it turns out bitcoin is getting lower. Yes it is natural to happen because the ups and downs of bitcoin are sometimes wrong in predictions because they are too volatile, even though we actually see movement on the graph every day, but sometimes like to miss.
If you are thinking about trading in bitcoin then you both have to think for long term holding as even those are earning in long term holding who do not know anything about trading. While for altcoin traders I will suggest that they do day trading but not in the current time as currently the altcoin market is slow and only well experienced traders can do trade now. We remaining have to wait for the altcoin season. it's actually normal on trading scene where everything is not turning like you have expected, you might say A stuff but it's going to be B and most of us are experiencing the same kind of result everyday, i think it would just better to not taking your emotion when taking a decision just use your open mind.
Good advice, emotions not need to bothered you in order to continue moving forward, the market most of the time is against our expectations but learning how to adjust and how to react accordingly is very important. If you are really eager to learn time will come and let you understand how things works and how you should prepare not only one but multiple strategy to work for you.
Another thing is with strategy, we might find a strategy that works almost all of the time but don't be fool by that, there are strategies that would be beneficial if it aligns your attitude in trading. Do not stick with fundamentals just because you're gaining with it, try to formulate your own or copy other's style but make sure that you are developing all throughout. 
it's actually normal on trading scene where everything is not turning like you have expected, you might say A stuff but it's going to be B and most of us are experiencing the same kind of result everyday, i think it would just better to not taking your emotion when taking a decision just use your open mind.
Good advice, emotions not need to bothered you in order to continue moving forward, the market most of the time is against our expectations but learning how to adjust and how to react accordingly is very important. If you are really eager to learn time will come and let you understand how things works and how you should prepare not only one but multiple strategy to work for you. 
I rarely meet people who are short term/day traders and are in profit. I normally don't do short term or day trading and I suggest everyone here to learn HODL. Just do some research and see how much gain BTC has given to those who HODL, if you figure it out you won't go back to trading. I leave it you to find in this year alone how much gain BTC has given to its HODLers.
Very true, it's very hard to generate profits in daily or hourly trades because the bitcoin market is volatile and you need to be very lucky if you are trading with price and looking to sell and buy within hours. I have done that and it's almost like gambling when you try to make profit making trades within hours and even days.The best way I personally felt when trading and still feel is that you buy at any price on the current market and just wait and wait until it goes up, I can promise that no one literally no-one can confirm when price will go up or down. So just sit tight and have patience once it goes above what you buy then just sell it don't get greedy.It takes 10-12 days to gain some profit but works well.
Active trade is really somewhat a gambling but you can lessen up the risk if you do know on what you are doing.Its not for everybody but there are
traders that do actually made this stuff.Losses are inevitable but they do manage to get some greens in the end of the day which is the most important to achieve.
it's actually normal on trading scene where everything is not turning like you have expected, you might say A stuff but it's going to be B and most of us are experiencing the same kind of result everyday, i think it would just better to not taking your emotion when taking a decision just use your open mind.
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.
I think need a good timing for that one you need to buy bitcoin now and i know bitcoin goes up. Very hard to get a timing when buying bitcoin because we don't know when bitcoin goes down and up. The best thing you can do is follow your instinct or your feeling when you gonna do it. Because investing in bitcoin is most good decision that you make. Bitcoin can goes up the price anytime. So be smart and think positive always. 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.
Trading mistakes don't just happen to you, I often experience things like that, sometimes buying bitcoin becomes a height, if it turns out bitcoin is getting lower. Yes it is natural to happen because the ups and downs of bitcoin are sometimes wrong in predictions because they are too volatile, even though we actually see movement on the graph every day, but sometimes like to miss.
I rarely meet people who are short term/day traders and are in profit. I normally don't do short term or day trading and I suggest everyone here to learn HODL. Just do some research and see how much gain BTC has given to those who HODL, if you figure it out you won't go back to trading. I leave it you to find in this year alone how much gain BTC has given to its HODLers.
Very true, it's very hard to generate profits in daily or hourly trades because the bitcoin market is volatile and you need to be very lucky if you are trading with price and looking to sell and buy within hours. I have done that and it's almost like gambling when you try to make profit making trades within hours and even days.The best way I personally felt when trading and still feel is that you buy at any price on the current market and just wait and wait until it goes up, I can promise that no one literally no-one can confirm when price will go up or down. So just sit tight and have patience once it goes above what you buy then just sell it don't get greedy.It takes 10-12 days to gain some profit but works well.
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.
You are just gambling with your bitcoin in the name of trading but you should make analysis in the right way on your own for that you can use indicators.If you have no knowledge about technical analysis and never wanted to learn then don't do trading in short term just buy bitcoin and sell them when you reached enough profits. 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 main thing in trading is applying your strategy, it will work as long as you know what you are doing, besides selling when the market is already near the bottom is definitely not a good thing as it will only make you lose your money. You should have a good understanding of what you're doing trading is now only entering the market when it is red therefore a timing it is. Supposedly a ahort entry is good when it is near top or resistance and buying when it ut near the support area.
The market is not always predictable on the basis of support and reject areas. There are many cases where people never knew what they are getting into. I am a long term hodler and buy coins which has some quality, many of my trade gone wrong because its hard to predict. Be cautious and trade only if you can afford to lose the money.
You get it wrong, people do not need luck in trading. They need to understand first the technical analysis where you can have an idea wheere is the best time to entry and exit in trading. Do not base your decision by luck, you keep losing because you habe misconception about how trading works and you do not use trading strategies.
I'm not aggree, we need luck to success in trading especially cryptocurrency trading because the price often beyond technical analysis and could pump and dump just in hours. The price could be pump and dump by the whales. You need luck to follow the wave in a correct direction unless you're the whale.
In my honest opinion, there is no luck in trading. If you are not feeling lucky then there is something wrong with you. The wrong in you is you expect to be lucky in trading where trading does not work in that way. Trading requires skills and patience so a particular trader can battle with the other trader in the market and wins and take home the money. Change your mindset.
The reason why you cannot win in trading is because your idea and your mindset. Do you think luck will help you? Of course no. Your decisions are not good because you are just trading with your luck. You will keep losing in trading if you do not have plan and risk management where you are do not how to cut loss. Jump to: