I fail in trading - page 39. | Bitcointalksearch.org

rickadone

legendary

Activity: 1176

Merit: 1024

Quote from: omorfi on October 11, 2018, 10:48:55 PM

Start trading with a low amount of money that you dont need too much. Do not risk a lot of money. While trading, try to do the opposite of what comes to your mind. And keep the results in mind.

No, start trading with nothing.

A lot of people are always in a haste to start trading with real money and this is how they get frustrated so easily.
Practice with demo funds after learning and you have been able to come up with a strategy that you feel will suit you and in that case, concentrate on building on it until you get better before even making any attempt to get into the real world.

I have seen how people usually tend to miss it by thinking as long as they have learned; they can just come in straight. If you put small funds to trade, you may as well just end up keeping small funds every time and losing it all without learning anything and then getting emotional unnecessarily.

Coin_trader

copper member

Activity: 2800

Merit: 1179

Leading Crypto Sports Betting & Casino Platform

Above from all the given reasons or excuses for the trading failures is the lack of knowledge. This is the more valid reason behind failures, most noob traders think that crypto-trading is an easy way to earn money, they just buying tokens or coins and then panic when the bearish market came, they are just wanted to get more but ended loosing.

AniviaBtc

sr. member

Activity: 1120

Merit: 272

First 100% Liquid Stablecoin Backed by Gold

Quote from: petermike on October 13, 2018, 12:41:35 AM

The main reason for my trading failure is that when the market goes down, i worry too much every day that makes me mistake in the basics of trading. Another reason is that i am constantly afraid of failure. Too much fear, too much stress has a negative impact on my health and is definitely my result.

Failing must be a lesson for all of the trader especially when it comes to the market stabilization. The market is very volatile and fluctuates uncontrollably and so the prices are moving rapidly rise or fall. Stressing yourself with trading won't give you a right mindset to have while engaging with trading, you should have a high emotional quotient for this.

cubicdissection

member

Activity: 231

Merit: 10

If you are newbie in crypto market then avoid trading because you will be face huge loss i will be recommend you to buy some good coins and hold its for long term you can make good profit from its in future

lablab03

full member

Activity: 1064

Merit: 112

Quote from: Iluka on October 10, 2018, 11:29:11 AM

You are not alone buddy..) many traders when begin to tade pass throug failing, its normal... i recommend you not to trede but invest in perspective coins, you will be rewarded in near future...

i agree. But it's normal and indeed failure is a best experience wherein a big help as well to enhance our knowledge and to avoid such issues. But always remember to risk money what you can afford to lose to prevent regrets because you cannot reduce risky situation especially on this kind of situation.

kidsrock

newbie

Activity: 280

Merit: 0

Quote from: whitemigos on October 10, 2018, 09:07:56 AM

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

You need to keep trying and practice for what you learn, and you are not failed. You failed if you stop your trading and give up and this is your biggest failed because you are not trying more and more. I am sure that in someday, you can get your success like other people, and you can make a big profit but you still need trying. I hope that soon, you will understand how to solve the problem and I am sure that you can do.

petermike

full member

Activity: 343

Merit: 100

The main reason for my trading failure is that when the market goes down, i worry too much every day that makes me mistake in the basics of trading. Another reason is that i am constantly afraid of failure. Too much fear, too much stress has a negative impact on my health and is definitely my result.

cute nmp

jr. member

Activity: 1708

Merit: 3

Trading cryptocurrencies is not that easy because of the high risk it has you can easily lose lots of funds in trading.The best thing to do before trading is to make a good research about the coin you want to trade & analyse its price chart but since you are new to crypto i think the best thing is to wait and learn more till you have more experience of trading .

galambo

sr. member

Activity: 966

Merit: 311

Quote from: whitemigos on October 10, 2018, 09:07:56 AM

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

Considering your rank, i guess you are new to trading part. I would first like to know about your past experience in various fields. Trading actually seems a way simple but is complicated and it is not really that easy to earn some funds there. Trading not only requires a lot of patience but also needs a lot of knowledge of the coin you are investing into.

How and why did you failed in your first trading? Was the coin dumped? Or is there any other reason behind it? Trading will need you to draw most of your attention and also even than it is not been fixed that you would always go in profit. Several times, the coin we invest into gets dumped or the price falls a way down. In such situation rathar than selling the coin, you should hold your coin to see a greater price ahead. HODLING is always better than panic selling.

Did you sell your coins as soon as you saw the price dumped? Always remember to HODL untill you see some good price which would atleast give you some profits. Try to set a stop loss so that even if the coin is dumped and is turning a dead coin, you will have minimum loss.

tadpole_bitfrog

member

Activity: 464

Merit: 10

Quote from: whitemigos on October 10, 2018, 09:07:56 AM

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

When failing, do not be discouraged quickly. You should consider the market at that and why you failed. I feel that most investors are now failing when the prices of markets like forex, stock and crypto are down. That shows that we are in balance. Be strong and wait for a better future.

whiteblue

sr. member

Activity: 1246

Merit: 250

if you fail in trading I think you just can't control your patience and I am very sure you are very easy to panic at the sudden price rise and sudden fall, that will make you fail when trading, trading requires confidence and patience is very high and you must be able to control your panic. You also have to be able to learn good ways to find out a good position to buy and sell coins, if you have done it all I am sure you can get a profit every day.

Getcoinsite

sr. member

Activity: 714

Merit: 260

Quote from: whitemigos on October 10, 2018, 09:07:56 AM

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

Failure is indee in terms of daytrading or even in short term holding because of the main reason cryptocurrencies are volatile and don’t even assures you profit

I have been failed for how many times before i got my first profit in daytrading because since i came here in crypto community all i did is invest and make them for long term holding

Now luckily i am gaining little by little,and you wanna know who teaches me?its Youtube that gives me more learning and skills ,so if were you better watch videos than listening to the advices people here given you

Beparanf

hero member

Activity: 2954

Merit: 796

Quote from: Xardasim on October 12, 2018, 04:12:25 PM

In my opinion you should give superiority to fundamental analysis and trade if you have any information of any innovation or if you come to a conclusion from technical analysis. Never be afraid of losing, every time you lose, you are one step closer to earning.

Losing is part of trading, its good to fail when we learn but if we keep on failing then think of other ways to learn more as much as possible if you want to keep trading.

cryptowolfsu

member

Activity: 476

Merit: 10

Every successful trader started somewhere and it starts with learning the basics and practice.
Start with amount that you are comfortable with, even if you lose it. Learn from others trading
experience but always make your own decisions.

oriontab

jr. member

Activity: 336

Merit: 3

Quote from: whitemigos on October 10, 2018, 09:07:56 AM

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

One of the often ignored fact about trading is that the fact that everyone cannot be a winner, your gains are someone else's losses and vice versa and that it is a game of the survival of the smartest, If you do decide to make a fortune or career off trading, then you have to really study and be good at it,Do not an average investor, they lose money to the smart invrstor

Xardasim

sr. member

Activity: 1624

Merit: 250

In my opinion you should give superiority to fundamental analysis and trade if you have any information of any innovation or if you come to a conclusion from technical analysis. Never be afraid of losing, every time you lose, you are one step closer to earning.

Jaci

member

Activity: 219

Merit: 10

There are many people who left the trading after losing some money with trading platform. They think that nobody can make profit by trading. Most of the people lose their money in trading but I think their ideas are completely wrong, because trading is possible to do a lot better. If you fail in trading, never leave the trading, but rather find out the reasons for your loss and afterwards, do not forget that these mistakes are not going to happen. You will also see that you have started making good profits at one time.

tupovik

newbie

Activity: 3

Merit: 0

Everything does not come right away) All newcomers to trading and not only fail at first. But you need to take this defeat as an experience that will help in the future.

hitrawal91

full member

Activity: 462

Merit: 101

BitcoinSN - The Real Bitcoin!!!

Quote from: whitemigos on October 10, 2018, 09:07:56 AM

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

Dude you are new and this happens to every trade.This is the real of the trader that how can you redeem yourself after bearing a loss.One loss or two loss does mean that you fail just mark the Money that you have loss and this time deal with lot of patience and trade safely at the start and after you get to know everything than you take bigger risk.

engrawaz

newbie

Activity: 153

Merit: 0

Almost everyone fails when they start trading, it is no big deal just be careful not to risk your lunch money.
I think the most important aspect of trading is psychological rather than technical. Research the psychology of trading and how to leave your emotions out of your trades. second comes all the other theories and techniques in analyzing the market trend such as Technical analysis, Fundamental analysis, and Cyclical analysis. I am sure you will find a ton of material on those topics on the Internet.

Topic: I fail in trading - page 39. (Read 25128 times)