Topic: I am so stressful with trading coins, I lost 13000$ - page 27. (Read 2743 times)
I think now everyone is losing their equivalent in dollars, but this is a great experience that will serve us well in the future..
I'm so stupid when attending crypto currency, who can help me to get money back? I also ask many traders who has experiences in this one, but I still lost money
So why did you trade such a sum if there is no experience in these issues?
Tips of traders will not help you. You need to learning yourself
i dont know what you have right now but i think less than 13k. if your not good at trading its not too late for not to trade. you should hodl for clear profits. its more safe than trading
I remember trying to trade Vertcoin back in 2014. Buy low, sell high - ended up buying it all the way down to virtually nothing having to wait 3 years to cash out.
I’m people tend to be emotional when trading. Please refrain from day trading if you’re not experienced enough. I myself have lost over 100 buckets globally by daytrading. I’m not good enough.
we will continue to lose if we only use the feeling to doing trading,
the mature analysis, and the timeliness is in need so that we do not experience losses at the time of trading,
just hold your coins and pray the price will come back..
the mature analysis, and the timeliness is in need so that we do not experience losses at the time of trading,
just hold your coins and pray the price will come back..
You wont lose anything if you have properly doing research before you invest to these altcoins,if you are into trading you should know how to trade using technical analysis if you dont have any idea and you have traded big amounts of money you will surely lose a lof of money like what happened to you right now,i suggest dig some research or learn the basics first.
I think education is very important. People ask me all the time about crypto currency and then I see their eyes glaze over when I start explaining it. You need to know what you're doing and how to do it.
The other thing is that you need to take emotion out of it. I'm always amazed at how people sell when everyone else is selling. Even if it is your intention to sell, that is the absolute worst time. My cousin freaked out when XRP took a dive and sold it all at the absolute bottom. If he had even waited a week, he would have seem some recovery. Interestingly, at the top, he was all, "Gonna let it ride no matter what. Don't care if it goes to zero."
The other thing is that you need to take emotion out of it. I'm always amazed at how people sell when everyone else is selling. Even if it is your intention to sell, that is the absolute worst time. My cousin freaked out when XRP took a dive and sold it all at the absolute bottom. If he had even waited a week, he would have seem some recovery. Interestingly, at the top, he was all, "Gonna let it ride no matter what. Don't care if it goes to zero."
Do your thing,learn the basic technical analysis first before you do trading,because trading isnt an easy thing to do you need to have enough knowledge so that you can easily win your trades,accuracy will depends on how you do technicals instead of just buying something and hoping that your altcoisn will grow ,technicals should be consider also the fundamentals or news.
what ? 13000$ ? it's lot huh
if you newbie on trading you should learn about it and experience it with a little capital money.
for futher you need read the whitepaper of what your trading and trading is do by own risk
Trading isn't Easy dude
if you newbie on trading you should learn about it and experience it with a little capital money.
for futher you need read the whitepaper of what your trading and trading is do by own risk
Trading isn't Easy dude
i've also had some losses this summer, but then i was able to recover and make profits after the bull from December and January.
Tough loss. May that be a lesson for you to learn more about trading. The losers are the ones who panic sells and impatient most of the time.
You need to equip yourself with knowledge and lots of patience to succeed in this game.
You need to equip yourself with knowledge and lots of patience to succeed in this game.
high risk in trading should be considered. It's easy to mention buying terms when the selling price is cheap when the price is high. What I am confusing when the price of a coin does not go up? the point is still we have to have instinct and insight neighbor coins to ditradingkan for future.
with the assumption that previous works as referring value to have with no impact as examining ones with the running terms of work, the use of systematical models as the details of sets with initials and structure of models, investors might find of one with the chance as referring option to prepare of position with the new table on market with investment plan.
I'm so stupid when attending crypto currency, who can help me to get money back? I also ask many traders who has experiences in this one, but I still lost money
If you compare with stock trading, you will find crypto trading for more unpredictable because their value changed drastically !
So before you decide to trading on crypto world , make sure that you've prepare the worst , you can afford to loss but if you're not ready for losing, better to not trading at all.
~Prevention is better than regret later ( it's no use )
I think the best thing you should do now is stop trading for a while. Go for investment that is worthy for your money like having it spent in alternate coins. Have a research about these alternate coins that has a very great potential to bloom. You may not recover easily what had you lost but eventually, you will in the long run.
This is the problem I have with most people, because they lack the basic trading discipline, they don't know when to cut their loses, they will not understand that you can't chase your losses. Most people make money when the market is moving up but only few people do in a bear market. It will take time to recover your loss
As others have said try and learn from your mistake its the only way to move forward and maybe put in a stop-losses in your future trading. good luck
I don't think trading is suitable for inexperienced investors. If you are attending crypto currency now trading should not be in your mind. Start with investing and holding some coins, read, learn the market and I would say in at least 6 months or a year may think about trading.
About stop-losses, it is a useful tool, but sometimes it could get you sell too early. Need to use with caution while crypto trading. So easy to coin move -30% only to do 10x gain. I had this experience with ZCL, when sold merely at 2.5x, when coin did 30x. Then again, for those who lost in ZCL value after a huge dump, must appreciate the stop-loss feature. Just use wisely, better not to set it during the bull run and control manually.
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