Topic: Losing in trading needs questioning - page 3. (Read 597 times)
In Cryptocurrency trading I believe is not possible not to lose money but we should always make sure that our profit is far more than our lost. If you are a trader, I believe it's very important you have a trading journal, I believe that will really help you in keeping detailed record about your trading and incase if anything goes wrong you can easily go back to your trading journal and find out what might cause the lost, maybe there is something you have been doing before which you didn't do now or it is caused due to another reason, then you try to make correction.
I think, these are the reasons people lose their reward in crypto trading:
1) Poor skills: poor skills can lead people to experience losses from their crypto trading because it will make them feel they know it all in the community. When you have poor skills in crypto trading, it will be difficult for you to achieve good income from the market.
2) greedy : many people lose their reward from crypto market because they are not satisfied with the current price other people are using to sell to make profit. .
3) Emotional control : Emotional control has made people to lose their profits from the market, because they believe they know how to predict crypto market very well.
1) Poor skills: poor skills can lead people to experience losses from their crypto trading because it will make them feel they know it all in the community. When you have poor skills in crypto trading, it will be difficult for you to achieve good income from the market.
2) greedy : many people lose their reward from crypto market because they are not satisfied with the current price other people are using to sell to make profit. .
3) Emotional control : Emotional control has made people to lose their profits from the market, because they believe they know how to predict crypto market very well.
Trading cryptocurrency is a high-risk speculation, and it is very unstable. Changes in market sentiment can lead to sharp and sudden changes in prices.
1.The most basic skill necessary for trading is the ability to accept losses and continue trading. Set a stop loss and do not move the stop loss when the transaction is not favorable.
2.Before trading cryptocurrencies, you should be familiar with the related risks. When a hard fork occurs, the price fluctuation range may be large, and if there is no reliable base market price, trading may be suspended.
3.Novice traders should develop simple trading systems and avoid making decisions on patterns or indicators that are not fully understood. Analyze the market from a clear technical indicator line.
1.The most basic skill necessary for trading is the ability to accept losses and continue trading. Set a stop loss and do not move the stop loss when the transaction is not favorable.
2.Before trading cryptocurrencies, you should be familiar with the related risks. When a hard fork occurs, the price fluctuation range may be large, and if there is no reliable base market price, trading may be suspended.
3.Novice traders should develop simple trading systems and avoid making decisions on patterns or indicators that are not fully understood. Analyze the market from a clear technical indicator line.
Losing of funds in every trading is not funny at all, traders who lose funds in every trading need to go back the drawing board to know what's really the cost. It could be lack of some idea in trading, such person needs someone who can give him good direction. We are know trading is about lose and gain but when it turns out to be lose always is not trading
Not every loss needs to be dragged back to the board per se. In spot trading you have an asset at hand, maybe they made a mistake of buying an asset that went down in price. Then they just need to wait it out till they break even or in profit to sell. In futures and margin, they are literally gambling with their money, here the money can end up in zero value in short times and there is nothing to complain because it is not spot trading.Weather a "drawing board" is really needed for such action, I am doubtful about it. Possible that one needs to rethink their decisions but traders need to learn from the experience to avoid making such decisions. This could be helped by writing down your state of mind and logic behind the action taken during the trade.
This is a ceaseless learning and there nothing of the sort about that zenith merchant or something to that effect. In the event that you don't do that, you're compelled to utilize your benefits and the capital simultaneously. ere are such countless miserable stories with regards to siphon and dump coins, since, supposing that you exit at some unacceptable time, you will wind up holding futile coins.
Losing of funds in every trading is not funny at all, traders who lose funds in every trading need to go back the drawing board to know what's really the cost. It could be lack of some idea in trading, such person needs someone who can give him good direction. We are know trading is about lose and gain but when it turns out to be lose always is not trading
I have had of a crypto traders that lost all his funds in one day because of market volatility.
I'm absolutely sure that he/she trader in future market or with certain leverage. For, if we are trading in the Spot market, we will not lose all of funds very easily as long as we don't sell the coins/assets. We can still do holding for better price if possible in the Spot market. but it will be differrnt in the such as future market in which all funds put can be liquidated and lost at all.
I usually ask myself questions whenever I have consecutive loses in trading, trying to know where I'm getting it wrong.
It's good if we can do our own evaluation on the reasons why we are losing our assets in trading, doing evaluation on every element to make better trading strategy in the future.but in fact, not all people are willing to do these, some are too mad and blame crypto trading as the way they are losing their money. They won't do such kind of evaluation.
moreover, commonly we know some of the mistakes made during trading are likely:
1. Do future trading, whereas we are newbies or even don't understand much about futurrle trading or trading with leverage
2. do all in one coin based on FOMO or HYPE
3. Not even doing any research of the coin or token market before doing trading
4. Not having at keast basic knowledge abouttrading, in this case, such followers of trading only without knowing about it.
Losing of funds in every trading is not funny at all, traders who lose funds in every trading need to go back the drawing board to know what's really the cost. It could be lack of some idea in trading, such person needs someone who can give him good direction. We are know trading is about lose and gain but when it turns out to be lose always is not trading
Asking yourself is not effective on this scenario because you due to your personal decision and knowledge so you fully committed on trading because you believe on yourself.
No. It is effective as per my personal experience.Before I was simply accepting the loss of and then moving on without going for analyzing what causing my losses but once I started asking questions to myself like what went wrong even and I am having lots of trading plans and strategies and what made me to deviate from my original plans. This helps somehow to fix my problems in long run so that I am not doing same mistake again and again.
One of the most difficult things to master in the market is trying to understand it
You mean understanding the pattern of market volatility? I guess there will be no need for trying to understand how market fluctuations are happening but we need to be prepared to face market fluctuations on either directions so that we could make profits regardless of where market is heading.
I believe that this should always be analyzed. Otherwise, you can simply continue to repeat the same mistake and lose money.
Losses in trade is something common, very normal and that can occur, it is not a reason to be ashamed or to feel bad, some people are ashamed to say that they lost, but a trader not to lose is impossible, everyone has lost at some point, in fact losing teaches a lot when you know why you lost. The important thing about losses is that they are not continuous, having continuous losses is because the market is not being analyzed from the correct perspective and you have to have the conviction to change it or exit the market to make a strategic plan for the market.
One of the most difficult things to master in the market is trying to understand it, one of the books that most attracts my attention is that of Jesse Livermore, since he says how he faced those problems, it is very interesting, I recommend it for those people who want to understand the market.
One of the most difficult things to master in the market is trying to understand it, one of the books that most attracts my attention is that of Jesse Livermore, since he says how he faced those problems, it is very interesting, I recommend it for those people who want to understand the market.
It's important to ask yourself the right questions and learn from the answers you receive. However, sometimes we are not always able to correctly identify our mistakes. For example, we lost money due to things that we could not predict, but we can still attribute this to our mistake. Such a conclusion will not be correct, because nothing depended on you. Those things that you are not sure about should not be reliable information.
Asking yourself is not effective on this scenario because you due to your personal decision and knowledge so you fully committed on trading because you believe on yourself. The problem on trading starts by choosing the right coin to invest, This is what many newbie traders missing out. They tends to buy coin that is pumping heavily due to hype or FOMO without doing research first. If only newbie traders can choose the right coin, They will not gonna lose even by just holding the coin.
Yes, I agree that as much as it is important to have assess oneself, with regards to decisions and principles, it is also crucial to take on outside perspective thru researching and observation as well. Believing in one’s ability and judgment is needed but only with adequate knowledge one can make informed judgment.
I have seen many persons come here to lament of them losing one or two funds in trading which is very obvious and need questioning of how and where they learn there own trading skill from. I have had of a crypto traders that lost all his funds in one day because of market volatility. This happens frequently and I think there is need to recall where the cause could be from.
Yes as a trader, losing one or two trades is part of the game but sometimes losing everything that had been accumulated for weeks, months is very painful and there is need to know whether it's due to ignorance or insufficient trading skill. Acquiring sufficient trading skill is very important in trading which can also help to get good results.
Yes as a trader, losing one or two trades is part of the game but sometimes losing everything that had been accumulated for weeks, months is very painful and there is need to know whether it's due to ignorance or insufficient trading skill. Acquiring sufficient trading skill is very important in trading which can also help to get good results.
I heard these stories too where people lost everything over night. In my opinion if you face the risk of losing everything in one night then your trades where wrong in the first place. As a good trader we always need to consider a bad day, week or even month. Risk management is a very important tool for me when it comes to trading and investing, because losing money is more important than making another 5% profit. Maybe for some people this is too risk averse and they want to go for the highest possible profit, but I am trying to protect my winnings.
It's important to ask yourself the right questions and learn from the answers you receive. However, sometimes we are not always able to correctly identify our mistakes. For example, we lost money due to things that we could not predict, but we can still attribute this to our mistake. Such a conclusion will not be correct, because nothing depended on you. Those things that you are not sure about should not be reliable information.
Asking yourself is not effective on this scenario because you due to your personal decision and knowledge so you fully committed on trading because you believe on yourself. The problem on trading starts by choosing the right coin to invest, This is what many newbie traders missing out. They tends to buy coin that is pumping heavily due to hype or FOMO without doing research first. If only newbie traders can choose the right coin, They will not gonna lose even by just holding the coin.
It's important to ask yourself the right questions and learn from the answers you receive. However, sometimes we are not always able to correctly identify our mistakes. For example, we lost money due to things that we could not predict, but we can still attribute this to our mistake. Such a conclusion will not be correct, because nothing depended on you. Those things that you are not sure about should not be reliable information.
Even when we have a loss of funds, we do not need to immediately act to get them back and in a hurry in this matter, we need to weigh everything and act competently.
But you must look for rectifying your mistakes so that you may not repeat the same mistake which is the reason questioning about what caused you to lose is more important. This is the reason I appreciate OP's suggestion here. Even losses in trading is just a part of it, we should not move on losses but must take time for analyzing what led to losses. Every trader should accept the losses but need to note down what are the factors caused the losses which will definitely help them to fix those factors while making next trade.
The volatility of the market is what makes it profitable and also risky, so to be on the profitable side, skill and knowledge is required, it's certain that people loose funds more often to the crypto market due to ignorance, lack of knowledge and skills, since the market is volatile you can't jump in and out at any point, you have to strategies and make you analysis before moving in, so this is why knowledge and strategy is important in the crypto market without this properties you are just gambling with ur funds.
Yes, after every transaction, I will doubt myself, especially when losing money. Various problems of loss have always existed. Every time I make a profit, I take it as my luck.
It is a good habit to ask questions if the transaction fails.
It is a good habit to ask questions if the transaction fails.
Trading is just like gambling but a kind of complicated gambling that requires a lot of skills and research to be able to be at the winning side.
You dont "win" in trading. You gain a difference in buy price and sell price and that is the profit or loss. It is a speculative process and comparable only to EV+ gambling games and not EV- gambling games.Quote
Trading is well developed and educating bringing so many factors in consideration. Trading needs wisdom and not just a mere game to be cast, waiting for results which can be enhanced by luck. Ones input in trading will determine the outcome.
Doing your research on the asset that you are investing in is what is needed. Learn to read the charts, determine what buying point you want to choose based on previous rise and fall and then only put your money and be patient enough to buy.I hope you are not mistaking spot trading with binary options and margin trading like @noorman0 said. Because binary options is a EV- gambling, a sort of a trap for newbies to lose their money, providers saying that it is trading, it is not so.
I usually ask myself questions whenever I have consecutive loses in trading, trying to know where I'm getting it wrong. This had helped me many times to get more trading knowledge that had improved my entire trading.
Definitely a good approach.I usually do suggest to go for root-cause analysis to find what went wrong after every losing trade.
Because, this will definitely help anyone to correct their lagging part so that they may approach perfectly in next time. Trading is continuously learning process hence when we ask questions about losing trades then definitely that will lead to find out what we need to learn to avoid losing trades.
When getting ready for trading, we may sound like we have everything in right manner but market conditions only will show what needs to be fixed and improved. So, going for self-evaluating by asking questions will help for sure.
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