Topic: lost and struggle of trading. - page 3. (Read 2751 times)

I think your thought is wrong, because you have to remember trading crypto is also have nature predictable the price of coins on market and it will make you get addicted. Maybe, if you trading, you can stoploss and minimize your funds before loss all your money like gambling, but you need have strategy and keep calm.

a trader must have a high patience to face a fluctuating price. besides being able to have a high analysis they should be able to be patient if the view price drops drastically. if they are able to do it then the results will not disappoint

How can you say that gambling is much harder than trading? I do believe on the opposite way.Gambling is easy and theres no brainer for you to play such thing just put a bet and youre good to go but there are some games on gambling which you would need some knowledge but not as really hard like on trading.

Doing buybacks on cheaper prices would really be a risky thing to do and I'm sure as an experienced trader you will surely know what I mean. Struggles is just normal on trading and it is always been part of it and the things that makes us struggle is on its price movement and as a trader we should really deal with it,go with the flow and riding on the waves of those movements.Taking a loss cant be avoided because theres no perfect trader on this world.

Struggles ! Think about you invest for $1500 on a  coin then now you watch the dump price that is only $200 in total because of the lately dumping!. You are thinking about it getting back it again so that you can still get your money though you loss a lot or because you are on that stage hold until it will be at 0 or if lucky it will pump. That is the life of trader sometimes you win sometimes you loss but learn from it

Gambling has a level of difficulty that is almost the same as trading. But you also need to know that gambling is much worse than trading, because in it when we get addicted it is certain all your life will be filled with gambling thoughts and will get a lot of big losses. Because in it we will be difficult to know where the advantages and disadvantages, in contrast to trading we can still control ourselves and do a best anticipation.

Yes trading is hard and risky but it is worth it if you know how to control your emotions and control yourself from the losses. I was doing short trading at first because they said you could profit almost right then and there but the problem with short term trading is you have to keep an eye always on the exchange/trading site to see if your coins had profited already so to cut the long story short I ran out of patience doing short term and ventured to long term trading instead; and it worked well for me. I am still doing long term trading and check the coins from time to time and see if how much are my losses.

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 lost a lots of coin, I loss actually on Ripple and also ETH,
But I got a bit in LTC.

SO gaining big profit from trading is not predictable,
it is the challenge

It is probably that I am still new here but I still stay here as I believe that Crypto is the future

I don’t think so if we are not going well in trading, there is any need of continuing it especially with coins such as bitcoins.

Trading is a professional thing and you need to do really hard work before learning the basics of trading which is not possible for everyone. Even if you still want to learn trading, go with small amounts.

Being panic makes your decision bad every time. It is a matter of fact that when you have strong plan of making trading as your earning source, then you have to digest a fact related to it, “don’t panic”. Don’t get sad in dumps and don’t get overexcited in pumps. Act wisely.

success in profit when using bitcoin is to buy low prices and sell at high prices. I agree with you and it is very easy and without taking big risks. because the principle of profit in bitcoin is buy and sell

If you ask me about succeeding in bitcoins trading or any other trading then the rule is simple, buy when prices are low, sell when prices are high and do not panic during dip or get overexcited in pump phase. If someone sells out bitcoins today, obviously he would be able to earn more in next two or three days as the price is going down.

You will lost in trading if invest in some shitcoins, and you don't know when the right time to buy and sell it.
So, the first thing is choose several potential coins, I prefer top 20 based on coinmarketcap list (https://coinmarketcap.com/) like bitcoin, ethereum, zcash, monero and so on. Divide your funds into 2-3 coins and buy whenever dip occurs and sell at the higher price. Then, how to decide the right time to buy and sell? Read the news, the newest development of those coins which will affects the prices, calculate it; the highest price - the cheapest price on several global exchanges, put your orders based on your prediction.

If you are beginner in trading you will find it hard plus if you are not aware in the risks you are taking. To be a trader you must know the basic rule Buy low and Sell high. If you think that your investments reached your target profit then sell it and if it doesn't then hold it. You should be ready also to the risks you are taking specially the volatility of the market. Based on my experience I do follow the basic rule and set my target profit. As expected the market now is bloddy red thats why i am holding and control myself not to panic because its part of the risks we are taking.

Hi,I would love to share a experience of one of my friend.Actually I have been in this Trading this field,because of one of my closest friend. He is in Trading Field since past 4years.At starting Stage he loss almost half of his savings something around $10,000. I use to say him that trading is almost gambling, but he was so charged up and confident that he use to laugh  at me and said i will prove you wrong soon.I was Proven wrong soon within few months and From that time he develop his skills and gain enough knowledge and then slowly he master the trading.Today he is almost a good professional trader and I really feel good to share his experience to all. since I have learned Trading from my friend,i never forget him and his good deeds.Today i am successful and i have almost developed my own trading system and Techniques because of him.I daily thank god for giving me such a good friend.Hope that this experience will enlighten few people who will surely help every trader or friend. My friend lost everything but he never Lost his hope,he never lost his faith in trading,he was confident that his confidence on trading change my mindset too. But we cannot deny the fact that His Hardwork was more than 100%. My friend told me that his struggles taught him a lesson

" Trading is not a sprint it is a Marathon,there is long way to go "

my struggle in trading is when my bought altcoins get delisted on the platform
i lost a lot because of this.
but now i am more careful on where to trade and what to trade.

The biggest risk trader is himself. Do not lose control and emotions make you greedy or make you panic.
The trader must be able to control the emotions and keep the strategy running.
Very difficult and risky, I understand it and experience the same difficulties.

Yeah experience is the best way to get a lesson ,
Once you have experienced almost everything you will feel like have trained so hard ,
A huge loss lesson , how to become a patient one , get to not panic when other do etc ,
All of them once you learned could bring into profit.

Make sense, you are not getting high if you are not doing high. This is the law of nature, you dream big so you have to work so hard for coping that dream. Likewise the trading is, it is hard as it provides you with much huge profits. You have to do hard work, it pays.