I have Good advice for investors - page 4.

carter34

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Quote from: chaser15 on August 13, 2020, 07:53:45 PM

Quote from: cryptoboss2020 on August 12, 2020, 08:53:27 AM

If You start trading and you have no clue about techicals or no help from someone who knows
You will lose your money likely.

Then why start trading? Beforehand, it's mandatory to have a basic knowledge. Spending time studying the basics is a must.

Mistakes and losses are normal. There is no 100% perfect trade.

Just do trades while learning from mistakes. The money will lose, that's part of the process, but in the long-run it's worth losing some money for experience.

Yes mistakes are part of all the learning processes and profit that will come later will bring joy. In life, we need to be focus to achieve and feat takes us away from what we are suppose to achieve. Trading is risky and also all other thing we do.

iv4n

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Quote from: djmixen on September 24, 2020, 10:14:29 AM

It is very normal for every beginner who came into this industry to lose their investment. That's why as an investor you should know-how
to accept loose, because this business was too risky. So, it needs knowledge and skills because you are a trader here too because you will sell or buy your assets according to your will of course, depending on your understanding of crypto trading.

This is right, you need to know how to accept loses (the more you trade with more loses you will have to face), but in the same time you need to know how to handle your profit! Medal has two sides, and both sides are equally important, profit will not mean much to you don't know how to keep it! For these reasons we have bankroll management, you can take all the money you have and start trading with the entire bankroll, you will not feel comfortable if you lose it all! 10%, 20% max from your bankroll is a good start, even if you lose it you will be able to try again. Before trying again analyze your previous trades and try to find out where you made mistakes, with next trades try to not make the same mistakes! The more you trade you will learn more and with more knowledge you will have more chances to make profit!

SquallLeonhart

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If you are aware of the difficulties you might face in the future, I am sure you could also provide something for the situation you might face as well, for example if you buy something and it goes down, if you have a plan for it even before you buy that means you are going to be a great investor, however if you end up not having any sort of situation ready and you just end up being bad, that is going to end up with a loss.

Be ready for all the bad things that might happen and you are going to get out of that situation without a problem, if you for example load up more when it is low so that you drop the averages and put up a good sell order above your average so that you would get out even during a spike, you would be a good trader. Do not just watch, get involved with it.

qory

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Know the technicalities in trading is not enough you should acquire good skill and good to analyze also you need a good experience before you jump in into trading and investing to it also reading articles about fundamental analysis and following others analysis would also help.

Spaffin

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It is even more difficult to start trading again after your orders have been closed with a stop loss several times in a row. And I am sure that this has happened at least once with all traders. Therefore, you do not need to try to switch to margin trading immediately, because it is very easy to lose your balance there.

I always try to pay attention to the accompanying luck, because if a dark streak begins in trading, then you should not start trading on credit if there were a number of failures before. In this situation, you should always give time to rest and reconsider your approaches and strategies.

cabron

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Quote from: pankowri on September 24, 2020, 03:13:53 PM

Quote from: cryptoboss2020 on August 12, 2020, 08:53:27 AM

If You start trading and you have no clue about technical or no help from someone who knows
You will lose your money likely.

You will fall in FOMO and fud no matter what the Good news and bullish market outlook the technicals analyzed correctly never lie to You!!

If you Want to be a successful trader you better learn hard as you can the technicals.

As we know that it is an impossible thing to know everything about trading in one night. I was also a newbie in mid-2017. I had lost money for the wrong techniques and after realizing it that mistake learnt me a lesson and I had become matured later and still, I am learning. Gradually, I am making profits from it. So it would be good for you if you know and learn first then go for using it otherwise you have to pay for it.

Learning is just the start but having the courage to trade is actually harder if you know there is risks to it. This is why a trader should know conciously what to do when market indicators do something which is depicted in the charts.

The reason why trader still like to be on spot market is because its less risky than on margin trading because they wouldn't be liquidated when they just buy low and sell high.

pankowri

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Quote from: cryptoboss2020 on August 12, 2020, 08:53:27 AM

If You start trading and you have no clue about technical or no help from someone who knows
You will lose your money likely.

You will fall in FOMO and fud no matter what the Good news and bullish market outlook the technicals analyzed correctly never lie to You!!

If you Want to be a successful trader you better learn hard as you can the technicals.

As we know that it is an impossible thing to know everything about trading in one night. I was also a newbie in mid-2017. I had lost money for the wrong techniques and after realizing it that mistake learnt me a lesson and I had become matured later and still, I am learning. Gradually, I am making profits from it. So it would be good for you if you know and learn first then go for using it otherwise you have to pay for it.

azmirihaque

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Before starting the trade, to know trading strategy and knowledge are very much important. If anyone invests without knowing trade, he has a lot chance to lose his fund. So, if you want to be a successful trader, deeply study on trading. Gather knowledge on trading strategy, trading policy, market trends etc. The start trading with small amount for practical knowledge. At one stage, you will realize, how you should play on trading.

djmixen

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It is very normal for every beginner who came into this industry to lose their investment. That's why as an investor you should know-how
to accept loose, because this business was too risky. So, it needs knowledge and skills because you are a trader here too because you will sell or buy your assets according to your will of course, depending on your understanding of crypto trading.

gabbie2010

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Quote from: samcrypto on September 23, 2020, 06:09:08 PM

Quote from: Viscore on September 23, 2020, 09:37:40 AM

I'd preferred to lose at first so I can find where I got wrong or a thing that I needed to enhance my capabilities and knowledge. Besides, experts do losses as well even though they are good at technical analysis, strategies, and huge knowledge. Because this is not a ticket for us to ensure that we are always at good, we still have weaknesses, and definitely we can't stop it. It could be of big advantage but certainly not it gives assurance that we can't suffer any losses.

Losing big at your first trade can be prevented only if you study first before you invest. Losing is indeed and expensive way to learn in trading so as much as possible better to prevent it. Also, if you don’t have enough knowledge you might become a victim scammers which usually targets those who don’t know much about the market, there’s a lot of enemy in this market. Making money is not guaranteed, but the chances of winning is high if you have strategies so keep on working to learn more everyday.

Why losing big in the first place? when it is always advisable to trade with the amount of money you can afford to lose, you don't just throw or invest on something you have no idea about e.g trading.
Losing a small portion of the total portfolio will enable a trade to go back to the drawing board study and research about the market, analyze to check what went wrong with the trade make possible corrections or amendment re-enter the market again with the same amount you can afford to lose when profiting use a good money management in a long run you will be profitable.

samcrypto

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Quote from: Viscore on September 23, 2020, 09:37:40 AM

I'd preferred to lose at first so I can find where I got wrong or a thing that I needed to enhance my capabilities and knowledge. Besides, experts do losses as well even though they are good at technical analysis, strategies, and huge knowledge. Because this is not a ticket for us to ensure that we are always at good, we still have weaknesses, and definitely we can't stop it. It could be of big advantage but certainly not it gives assurance that we can't suffer any losses.

Losing big at your first trade can be prevented only if you study first before you invest. Losing is indeed and expensive way to learn in trading so as much as possible better to prevent it. Also, if you don’t have enough knowledge you might become a victim scammers which usually targets those who don’t know much about the market, there’s a lot of enemy in this market. Making money is not guaranteed, but the chances of winning is high if you have strategies so keep on working to learn more everyday.

Mahanton

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Quote from: RealMalatesta on September 23, 2020, 02:29:49 PM

I do not believe that these advises are as nice indented as people think they are. I mean when you share common stuff that looks logical but considering crypto is wild and volatile, I try to see how it could be helpful. Obviously it could be from someone who thinks logically and that is why they share, but at the same time I feel like there is a chance that people may not be actually seeing what they should see with the idea.

If you work logically in an illogical situation, you are not going to end up with the results you want, you are going to end up with losses because you are acting logical and nobody can say what you are doing is wrong because they look common sense but when volatile market does something unexpected and what it shouldn't you end up losing money.

We can really expect that response and ideas given will really be on the logic and common sense side but actually we are all just the same since this market is always been unpredictable.
We've just been commonly do say up these words but when we are already on the actual situation then we can really say that those advices neither effective or not and thats
how unpredictable it is.You are right that things that we want arent really ending up to be the outcome.Its neither both path where you would able to take.
This is why as an investor or even just an observer, these things will remain questionable from most of the time.

RealMalatesta

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I do not believe that these advises are as nice indented as people think they are. I mean when you share common stuff that looks logical but considering crypto is wild and volatile, I try to see how it could be helpful. Obviously it could be from someone who thinks logically and that is why they share, but at the same time I feel like there is a chance that people may not be actually seeing what they should see with the idea.

If you work logically in an illogical situation, you are not going to end up with the results you want, you are going to end up with losses because you are acting logical and nobody can say what you are doing is wrong because they look common sense but when volatile market does something unexpected and what it shouldn't you end up losing money.

ultrloa

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Quote from: wiss19 on September 23, 2020, 09:34:51 AM

Quote from: cryptoboss2020 on August 12, 2020, 08:53:27 AM

If You start trading and you have no clue about techicals or no help from someone who knows
You will lose your money likely.

You will fall in fomo and fud no matter what the Good news and bullish market out look the techicals analysed correctly never lie to You!!

If you Want to be successful trader you better learn hard as you can the techicals.

Yeah, although there are few people who have managed to go with it alone and discovered the secret on how they can do it better.

But, just like you said, I do say the same to traders that are still starting up to look for those that are going to be guiding them on their trading and helping them with technical analysis till they are good at it. Still, if someone claims they can help you with it, it’s best that you tell them to show your their portfolio so you can see their success and failure rate and know if they are as good as they claim to be.

To lucky for others if they have a experience guy next to them who's willing to teach them the technicals and other things on trading and for this for sure they can minimize the possible huge losses which mostly occur for newbies who's starting up. But for others who doesn't have for sure they will learn a lot from their experiences and I always admire those self learned person since they are the one mostly gain success in tradings.

Viscore

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I'd preferred to lose at first so I can find where I got wrong or a thing that I needed to enhance my capabilities and knowledge. Besides, experts do losses as well even though they are good at technical analysis, strategies, and huge knowledge. Because this is not a ticket for us to ensure that we are always at good, we still have weaknesses, and definitely we can't stop it. It could be of big advantage but certainly not it gives assurance that we can't suffer any losses.

wiss19

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Quote from: cryptoboss2020 on August 12, 2020, 08:53:27 AM

If You start trading and you have no clue about techicals or no help from someone who knows
You will lose your money likely.

You will fall in fomo and fud no matter what the Good news and bullish market out look the techicals analysed correctly never lie to You!!

If you Want to be successful trader you better learn hard as you can the techicals.

Yeah, although there are few people who have managed to go with it alone and discovered the secret on how they can do it better.

But, just like you said, I do say the same to traders that are still starting up to look for those that are going to be guiding them on their trading and helping them with technical analysis till they are good at it. Still, if someone claims they can help you with it, it’s best that you tell them to show your their portfolio so you can see their success and failure rate and know if they are as good as they claim to be.

lienfaye

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Well for me having a knowledge about technical analysis is an advantage for every trader because it can maximize your chances to earn since you are aware of the possible movement of the coins you hold.

However its not all about knowing how to make a TA, its up to your strategy on how to make profit regardless of the situation of the market.

Dorodha

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The best investment advice is to do research and master the strategies it is not possible to invest without knowing something about the market. The losses here are high and many leave the market you need to choose the right currency by researching and analyzing different places. Better a poor horse than no horse at all greed should always be avoided. Try to invest a small amount without greed this will increase both your knowledge skills.

Lorence.xD

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Quote from: enhu on August 12, 2020, 12:11:16 PM

A piece of advice I got from someone who also experienced the same thing is that, if you are not learning to trade well then just invest and hold. You don't need to do anything else but wait. But at least try investing to a project that had been proven to be rising up such as Bitcoin. You don't have to participate in accumulating thru the spot nor margin trading.

Investing long term is pretty expensive. I agree with the advice to a certain degree but always try to at least gain experience. If it didn't work out then get a job and fund your long term investments. Always diversify your investments so you do not experience disruption in your cashflow.

Serious475

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I don't think so if there is something good advice created by OP.

If you want to become a good trader these might be the possible options :
1. Make your own research about the coin you want.
2. Always keep updated about the news and articles.
3. Don't expect too much on the market movement.
4. Don't get carried away by your feeling e.g. fear and greedy.
6. Learn technical skills.
7. If you have budget try some trading courses.

Topic: I have Good advice for investors - page 4. (Read 1261 times)