A newcomer cannot begin with margin trading. In order to successfully trade you need a huge amount of knowledge and experience. And margin trading has a number of features and tricks that beginners don't understand.
Here's my advice: Learn the basics of trading, technical analysis, practice daily trading (but only on small amounts, until you learn).
Of course, in parallel, you can do bounty campaigns, but they will not bring you significant earnings.
Only daily trading will help you earn. And only when you learn to make excellent forecasts of price movements, can you try to earn money using margin trading. But first, examine exactly how this works and what tricks you can use to make the transaction fees lower and the profit higher.
Topic: I lost 10000$ in trading, what should I do? (Read 1894 times)
In trading losses is inevitable,so you need to be prepared for it but in crypto trading the capital you invested for me is just like gambling and when you have enough skills you maybe reduce the risk of losses but its completely not be taken out.
keep on trading so that you can replace the lost money. I'm sure if you do it well and learn from your mistakes before then you trade better.
Kept on Trading even if you lose once is best way to back at he the when you lost some part of your money. Don’t repeat those mistakes which made you suffer. Increasing your knowledge will be an additional profit you are getting. Know right time to enter the market as price is not so high and holding to trade for long term will be best. 
2017-early 2018 was successful for me, but from mid 2018 I started losing money.None of the trading strategy did not work. Many successful altcoins from my point of view have failed.In the end I just came out of all the markets and decided to take a break.
$10k is a lot of money and I'm not sure the OP is really doing it, he seems frustrated and wants to switch to getting bitcoin from a bounty program that basically generates from a bounty program not as good as imagined. If the OP has sold it at $6k, then at least the remaining money can be made to invest again in several altcoins and it is better than you leave trading and switch to becoming a bounty hunter.
keep on trading so that you can replace the lost money. I'm sure if you do it well and learn from your mistakes before then you trade better.
Hi, I am a crypto-hamster and bought bitcoin when it cost 17,000 and decided to trade on the Bitfinex exchange withe margin.
In this business I was not experienced, so I followed the advice of different traders and their signals.
In the end I lost 10 thousand dollars when bitcoin fell to 6k , but it was money that I was ready to lose, i.e. free.
Now I do not have the desire to trade, but I want to earn money on crypto currency, because it's interesting and I believe that the future is for the crypto currency.
Now I want to try to make money on bounty programs.
And I want to ask you advice in this difficult matter. Where to start, and is it profitable at all?
In this business I was not experienced, so I followed the advice of different traders and their signals.
In the end I lost 10 thousand dollars when bitcoin fell to 6k , but it was money that I was ready to lose, i.e. free.
Now I do not have the desire to trade, but I want to earn money on crypto currency, because it's interesting and I believe that the future is for the crypto currency.
Now I want to try to make money on bounty programs.
And I want to ask you advice in this difficult matter. Where to start, and is it profitable at all?
I will advise you to go into long-time trading for now by buying cheat ICOs that have great future or potential and wait for them to be developed so that their price will increase for you to sale them to make your money so that you can recover your lost and make good profile too. There are so many that have great potential that you can invest in. Like ETHA is a promising Ico that will disrupt that crypto exchanges. They the first remittance platform that is going to shake the world of crypto.
a few months ago, I lost more than 1,000 more than trading, and I couldn't do anything after that. well, it's a risk, but sometimes people don't see it and keep trading. when that happens, all you can do is be patient and build a new strategy. we can only learn from experience.
that huge amount.and offcourse for each person loosing their money it difficult situation for them.as if they want to give up in their trading and take decision to quit.but if we have strong faith in our way we could repair and improve our skill before starting again .
I am sorry to your lose! But, only you are not the only one who faced this kind of lose; so many newbie’s have similar experience! When BTC reached on 20,000$ many traders were super excited & they were expecting more. Besides many new traders joined in the market for the 1st time. They had nothing plan on trading unless making quick money! That’s the problem.
Well, according to my own trading experience till now Forex pairs are the best choice to trade (including short-term trading). But, crypto is only for ;long term investment since, this sector is till now relatively now; so there have so many parameters to trade in crypto. If you are with a long time view on crypto; then you may not worry about the low price because we all know the future of crypto.
By the way, trading is always risky & uncertain; it’s called: there is nothing like 100% of trading. So, now it’s time to learn the trading whatever the sector it is; make your own trading skill first; practice in demo with more than 500 trades; that’s the procedure to judge your trading skill. But again, investing money in crypto currency with a long term view is relatively secure than crypto trading. So, now it’s your choice.
Well, according to my own trading experience till now Forex pairs are the best choice to trade (including short-term trading). But, crypto is only for ;long term investment since, this sector is till now relatively now; so there have so many parameters to trade in crypto. If you are with a long time view on crypto; then you may not worry about the low price because we all know the future of crypto.
By the way, trading is always risky & uncertain; it’s called: there is nothing like 100% of trading. So, now it’s time to learn the trading whatever the sector it is; make your own trading skill first; practice in demo with more than 500 trades; that’s the procedure to judge your trading skill. But again, investing money in crypto currency with a long term view is relatively secure than crypto trading. So, now it’s your choice.
Hi, I am a crypto-hamster and bought bitcoin when it cost 17,000 and decided to trade on the Bitfinex exchange withe margin.
In this business I was not experienced, so I followed the advice of different traders and their signals.
In the end I lost 10 thousand dollars when bitcoin fell to 6k , but it was money that I was ready to lose, i.e. free.
Now I do not have the desire to trade, but I want to earn money on crypto currency, because it's interesting and I believe that the future is for the crypto currency.
Now I want to try to make money on bounty programs.
And I want to ask you advice in this difficult matter. Where to start, and is it profitable at all?
Better yet, you should participate in many good bounty campaigns to earn a small amount of money to reinvest in BTC. I believe that BTC will grow again but it will take a lot of time.In this business I was not experienced, so I followed the advice of different traders and their signals.
In the end I lost 10 thousand dollars when bitcoin fell to 6k , but it was money that I was ready to lose, i.e. free.
Now I do not have the desire to trade, but I want to earn money on crypto currency, because it's interesting and I believe that the future is for the crypto currency.
Now I want to try to make money on bounty programs.
And I want to ask you advice in this difficult matter. Where to start, and is it profitable at all?
don't give up, you need to have patience to achieve rich goals.
a few months ago, I lost more than 1,000 more than trading, and I couldn't do anything after that. well, it's a risk, but sometimes people don't see it and keep trading. when that happens, all you can do is be patient and build a new strategy. we can only learn from experience.
Of course, you didn't lose money but I hope you lose value because the price of every coin went very low in the market. So if you invest in potential coins, then definitely it will help to increase their value when the market starts recovering. We need to be very patient until the market starts recovering.
You hasbeen loss because greedy and did not use stop loss. Before trading by use leverage/margin we have to know the risk and possibility the money turn in to zero. I started trading 3 years ago but when i want to try margin trading i just use $100 because i know the risk. In trading we have to understanding the risk and by know it we can manage it better.
Well its very easy to loss money in trading. Sometimes you can be confident of making profits and once you throw away all the money you plan go trading by one simple mistake. When you follow the wrong signals, wrong groups, you become a victim. There is no time to cry. You must find a way and learn what you did wrong and correct it. Study TA, FA and take good signals and you will make good profit from your trading.
When we lose large sums of money - we should never try to win back, as if we are in a casino. Usually this leads to the final loss of all money. The only way to regain your losses is to try to make money again, carefully and keeping calm.
However, you will agree that it is very difficult - to calm down and start from zero when you lost everything. I sympathize the crypto losers and wish them more luck.
sure. do not panic when trading use your money as best as possible, learn about support and resistance so that you are not wrong when selling and buying and avoid fast pumps because it is very risky even though it can get big profits too but the risk of big loss to
In my opinion, you must really understand about cryptocurrancy, so you won't lose anything from cryptocurrancy, because with your trade. I think you must learn from these mistakes and observe how the market works.
Hi, I am a crypto-hamster and bought bitcoin when it cost 17,000 and decided to trade on the Bitfinex exchange withe margin.
In this business I was not experienced, so I followed the advice of different traders and their signals.
In the end I lost 10 thousand dollars when bitcoin fell to 6k , but it was money that I was ready to lose, i.e. free.
Now I do not have the desire to trade, but I want to earn money on crypto currency, because it's interesting and I believe that the future is for the crypto currency.
Now I want to try to make money on bounty programs.
And I want to ask you advice in this difficult matter. Where to start, and is it profitable at all?
If you still have Bitcoins, just keep them and do not trade them. And on the bounty now you will not earn much, now the majority are throwing bounty. Many scam projects and few companies that pay. And as a result, the amounts are much less if you worked in a regular job! In this business I was not experienced, so I followed the advice of different traders and their signals.
In the end I lost 10 thousand dollars when bitcoin fell to 6k , but it was money that I was ready to lose, i.e. free.
Now I do not have the desire to trade, but I want to earn money on crypto currency, because it's interesting and I believe that the future is for the crypto currency.
Now I want to try to make money on bounty programs.
And I want to ask you advice in this difficult matter. Where to start, and is it profitable at all?
10,000 is very big amount in my country that is half million. Better before buying altcoin you should do some research I think why other traders are failed on trading because they buy altcoin without doing any research so the coin they buy is not potential coin.
Here I am still just starting trading, so I will be more careful to do this trading. maybe at first I pursued the maximum profit. After I joined, I learned to not carelessly play. who must still follow the rules. Because getting 10,000 results is not easy
Bitcoin is the crypto-currency coin and its violate any time so sometimes its price up so much and sometimes down so much.Last 1 year bitcoin price got down and down now bitcoin price under 7000$ so if you bought it 17000$ i advised to u never sell it this time. Bitcoin will back so never disappointed just hold and wait for this moment.
A bounty program can be profitable, it all depends on a number of factors:
Fame and reputation of the founders of the project.
Amount of fees if ICO has already started. Practice shows that if the project in the first couple of weeks collects only 50-100k, then there is nothing to catch here.
The number of participants in the bounty campaign.
The total amount of remuneration is fixed and is divided among all participants according to the results of the campaign.
It is desirable that the remuneration not to be fixed, but as a percentage of the work done.
By choosing these parameters, you can make good money naturally. It is better to participate in a few and fulfill their conditions. Then it is worth waiting for income.
Fame and reputation of the founders of the project.
Amount of fees if ICO has already started. Practice shows that if the project in the first couple of weeks collects only 50-100k, then there is nothing to catch here.
The number of participants in the bounty campaign.
The total amount of remuneration is fixed and is divided among all participants according to the results of the campaign.
It is desirable that the remuneration not to be fixed, but as a percentage of the work done.
By choosing these parameters, you can make good money naturally. It is better to participate in a few and fulfill their conditions. Then it is worth waiting for income.
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