Topic: lost and struggle of trading. (Read 2751 times)

Trading is not hard after all. Actually, people who are saying that trading is hard are those who don't have enough knowledge about the art of trading, especially in cryptocurrency.

Crypto-trading is one of the latest trends today. It even caught the attentions of many personalities and big names in the business and trading industry. This is why it's not surprising that there's an increasing number of people who want to learn about it. Although there's  a lot of websites and articles about crypto-trading on the internet, it is still better to seek advice from actual traders who have experience in trading.

I, as a small trader, don't stay in just one cryptocurrency. This is to avoid a big lost if ever that cryptocurrency has a falling price. In the case of bitcoin, it is not ideal to buy or invest on it for now since its price is too high. The following are my suggestions which are based on my experience as a small trader, and I don't GUARANTEE you to have a big profit if you follow these, but I ASSURE you that you'll be safer with these things.

FIRST, you should do as a beginner in trading is to divide your capital/money investment into parts (preferably equal parts). The number of parts depends on the number of cryptocurrencies that you choose in investing your money.

NEXT, choose the best and trustworthy trading/exchange sites. You can check the best exchange sites by searching BEST CRYPTO-EXCHANGE SITES on google.

LAST,  choose the cryptocurrencies that you think you'll profit. I advise you to choose the cryptocurrencies that are good for a LONG-TERM INVESTMENT. These are the altcoins with low price but high market cap. Check also the history/price chart of the altcoins. Some of my personal choices are Ripples, NEM, Waves and Litecoin.

After investing on these cryptocurrencies, always check their prices regularly to avoid loss from a sudden price drop. Remember that cryptocurrencies are very volatile that its value can rise up or fall down in just a blink of an eye.

You don't have to monitor it all day long , just set your buy position and sell position .
The rest of it is just about your patience and just take a look to the market for once or twice sometimes.
Don't put the money that you cannot afford to lose , tradings sometimes have a high risk.

of course trading is very difficult and has a considerable risk. trade requires intelligence, patience to gain profit, if you experience a failure in trading, then learn from your failures.

Yeah it can be be very difficult, sitting in front of the computer for hours is boring, a bot might help, but you need to keep checking to make sure it is doing its job properly.

Also getting out of a trade with a loss is always hard on the mind and is the biggest challenge for all traders, you find yourself telling yourself to wait a but, the price will soon change in your favour, then it gets worse, you dump, only for it to swing back towards the direction you waited forever for.

Trading is hard especially when coins values are dropping. You need to have some skills and a lot of work to researching in order to become successful. When I just got started into trading, I myself lost a lot. I decided to invest on some shitcoins which I thought will become a success but after some price drops and I panic trying to sell them all as fast as I can. I learned that finding good coins that are having good reviews is a must when researching because their values keeps on changing.

What you must do is to do a small investments and try to keep your dedication to earn profits. Through gaining those experiences you'll eventually learn how the economy works and you might even be able to predict and choose trustworthy coins with your next investments. All I want to teach you is that don't dive in straight away, you must need to research about everything you can absorb and try to start from there.

I only know one thing and that is “Trading is an art and not everyone is an artist”. It is no doubt a very tough job to learn and excel; in the world of trading. You actually need to burn your midnight oil and you actually need to put in lot of efforts to learn things well. Trading is a multi-dimensional thing and for becoming an expert in trading, you need to learn so many different things.

Those are parts of the difficulties you have to face in trading. However, if you know what you are doing, you should always know the quickest and best time to always get out from a trade so as not to make a huge mistake hoping for it to get back past up. You can be lucky it goes deeper and you can buy then and profit back from the rise.

It's hard if you don't have any knowledge about it. It's like going to war without arms,ammos and weapons.



What you are doing is good, reading from google about trading and with certain trading websites. When you trade just be ready and prepared of the worst things because in trading the market is not stable so just be prepared of the consequences but also prepare for the best profits.

That's how the trading risky is ,the higher you want make sure that you are ready to the possibility that any time you can lost your money  , and make sure that you learn enough about trading before you do that.

Trading is actually hard but once you got the right trading set-ups and ideas then this opportunity would really be used for your entire life to be profitable or the opportunity on making money.Loses are normal since theres no perfect trader on this world but somehow you can able to minimize that loses if you are really skilled and knowledgeable on this field.Struggles in the very first place is really normal too since we dont have still much idea on what we are doing but by self-learning and seeking informations on the net and listening on experts advices then this will really mold you up to be a better trader later on.

Better said. And for this, you are often advised to keep learning. There must not be a start of anything before you completely knowing about its basics. Once you are done with it, then take a start with less amount. Don’t be greedy, as you said, it will eat you up and you are nothing else a loser. So be patient, think well, practice good, expect amazing and be best in patience, results will be excellent.

Trading itself is not that hard. It is just buying and selling of goods and services. But to be profitable is the hard part. Most traders lose money not because they don't predict right but because they don't have the discipline to follow through their trading plan. Emotion is the number one trader-killer. OP, if you continually make loses, you should just take a break and go acquire requisite trading skills.

Right. Though it really is worth the risk if you just take time to learn about it and be ready to make mistakes. It's hard at first, especially having big losses, but those pieces of learning you'll pick up from losing will eventually be your stepping stone to becoming a better trader in the future. So don't be afraid to make mistakes

Of course trading is not easy, every business involves risk and crypto trading is more risky than others. All you need to do is to keep your calm, control your emotions and be patience while you are in this business. I have a regret that In the beginning of my trading career once i bear a huge loss while trading an altcoin because i did panic selling, that was my mistake because soon after that price was increased.

It is comparable to any work, did well (turned a deal) got a premium, and badly made a prize (loss), that's basically all. Not trying and not doing anything and not doing beforehand, nothing good will come of it.

When trading, you need psychological preparation. Do not be too greedy in the crypto market and you should know when to sell and when to sell the hole. The higher your goal, the higher your risk.

Losing is the part of trading,  all traders ever experienced lost,  the difference of beginner and professional traders is when to exit the game,  the professional traders got a better experience so they got a better analysis skill,  they know when to hold and when to sell,  trading in crypto currencies got a very high risk,  so you need to prepare to lost the money

Everyone will say it's hard when you are still starting. My only advantage is the bitcoins that I used in trading came from signature campaigns so it somehow makes my stress ease up when I think about my loss from trade doesn't came from my own pocket. The struggle will be lessen when you gain more experiences.

It is difficult with the newbie; However, it is not easy for business people. They all need good luck.
Trade is not as simple as the actual business, it is more risky.
At the beginning I bought the top and finally when it went down I lost half of the account. Expensive lesson!!!

I am also dealing a hard time with my losses and to be honest, i am still experiencing it until now but the positive things that was left was that i am learning how to hold and wait to avoid any losses that may happen.