Many new traders are playing to lose

UniversityCoin

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Quote from: aces777 on October 03, 2019, 04:01:50 AM

Not intentionally, but some traders are really setting themselves on a part that will only but cause them to lose. Some are not even totally aware of the market system and are just into trading without proper indepth knowledge to trade. The market is quite unpredictable, but when you know your way through, you will be able to maneuver it to your own advantage.

Many traders behave like in a casino. Now they bet on growth, tomorrow on the fall and they all do it for good luck. However, even in the casino you can not carry all the time. So they end up losing their money. To make money on the trade you need the right strategy, and only those who have the right strategy in the trade can earn constantly.

JuliaJi

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its not only in cryptocurrency, traders are hard work, but I know a lot of people who earn by trading good money in cryptocurrency, also in youtube and websites a lot of information about it! But from my experience I lose a lot of money in cryptocurrency
if market will recover everyone will be a good trader!

JayTrain

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Quote from: 10c on October 03, 2019, 12:21:26 PM

Quote from: Tomcolor on October 03, 2019, 11:53:39 AM

Totally I have no any good knowledge about trading but recently i take decision i want learning more about it. Now daily i watching YouTube video and more articles, in fact when i got some skills then i will inter trading.

Be prepared for the fact that in order for you to learn how to trade well and really make money on it you just need to cross a very difficult way. this is not just a video from youtube

Yes, textbooks are needed, video for the general worldview will not hurt, but trade, as a rule, rises and falls, not everyone will find themselves in trade

10c

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Quote from: Tomcolor on October 03, 2019, 11:53:39 AM

Totally I have no any good knowledge about trading but recently i take decision i want learning more about it. Now daily i watching YouTube video and more articles, in fact when i got some skills then i will inter trading.

Be prepared for the fact that in order for you to learn how to trade well and really make money on it you just need to cross a very difficult way. this is not just a video from youtube

Golftech

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Quote from: Tomcolor on October 03, 2019, 11:53:39 AM

Totally I have no any good knowledge about trading but recently i take decision i want learning more about it. Now daily I'm watching YouTube video and more articles, in fact when I got some skills then I will inter trading.

It's a must things to do before you jumping inside this business, there's a lot of cases where traders who join this business without any knowledge loses their investment and disappoint themselves leaving the market with a lot of regrets inside them. If you can invest your money then better also to invest your time before making any participation inside the market. The more knowledge you have, the more better you will execute your trading activities.

Masyudhi

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Quote from: Kvalentine on August 17, 2019, 06:29:01 AM

Are you playing to lose or you are playing to win? a friend of mine lose all his bitcoin to trading and when he started complaining about i decide to take a look and i detected that he traded in a gambler's way.
He has 100$ and he traded just twice with 50$ which results in quick lose,im not an trading expert but most trading platforms always warn traders to limit their trading to the highest of 10$ which would have given him more chances to continue trading

Apart from not learning how trading works he is playing to lose,i think this is what many newbies are doing as well,if you are doing the same you will always end up losing your money,if you want to bet 50$ on a trade you must have thousands of dollars on the trading platform not trading with 100$ and be praying for a miracle.

Trading is not something you can rush,expert traders out there spend days trading for profits and if a particular day is full of loss they quit trading for that day.

We know many people who want to get profits quickly and many people who start trading without knowing more about how to become a trader and they only have the courage without thinking about everything first and when they start getting new failures they start to complain and ask for advice by other people. In my opinion this is a bad thing for someone who starts without learning and knowing more about something they will do, so don't forget to ask others for advice when we want to do something for the first time for us.

ChrisPop

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Quote from: Kvalentine on August 17, 2019, 06:29:01 AM

Are you playing to lose or you are playing to win? a friend of mine lose all his bitcoin to trading and when he started complaining about i decide to take a look and i detected that he traded in a gambler's way.
He has 100$ and he traded just twice with 50$ which results in quick lose,im not an trading expert but most trading platforms always warn traders to limit their trading to the highest of 10$ which would have given him more chances to continue trading

Apart from not learning how trading works he is playing to lose,i think this is what many newbies are doing as well,if you are doing the same you will always end up losing your money,if you want to bet 50$ on a trade you must have thousands of dollars on the trading platform not trading with 100$ and be praying for a miracle.

Trading is not something you can rush,expert traders out there spend days trading for profits and if a particular day is full of loss they quit trading for that day.

Really curious what trading platforms warn traders to limit their trading to $10. The risk you take on a trade should be taken in accordance with your account size. A rule of thumb for professional traders is to never risk more than 2% of their account on a trade. Anything over that will probably trigger your emotions and affect your next trades. So actually the rule would be to only risk what you can easily afford to lose. Don't be a greedy, but be mindful and think with probabilities in mind.

Tomcolor

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Totally I have no any good knowledge about trading but recently i take decision i want learning more about it. Now daily i watching YouTube video and more articles, in fact when i got some skills then i will inter trading.

jcpone

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Quote from: Kvalentine on August 17, 2019, 06:29:01 AM

Are you playing to lose or you are playing to win? a friend of mine lose all his bitcoin to trading and when he started complaining about i decide to take a look and i detected that he traded in a gambler's way.
He has 100$ and he traded just twice with 50$ which results in quick lose,im not an trading expert but most trading platforms always warn traders to limit their trading to the highest of 10$ which would have given him more chances to continue trading

Apart from not learning how trading works he is playing to lose,i think this is what many newbies are doing as well,if you are doing the same you will always end up losing your money,if you want to bet 50$ on a trade you must have thousands of dollars on the trading platform not trading with 100$ and be praying for a miracle.

Trading is not something you can rush,expert traders out there spend days trading for profits and if a particular day is full of loss they quit trading for that day.

There are different type of new traders, some newbie trade even without an idea and knowledge because He/She is thinking to earn quick in short they are depending their luck fortune, Then some newbies doing trade because they knew the consequences of of trading, therefore they knew that winning and losing are the only can be happen to them. So your, friend probably became optimistic by it, because of his behavior. Though, I agreed with you that trading is not something you can rush, that's true!

shaheer001

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Playing gambling or any such type of game is ultimately totally loss so never paly these types of games always try to trade in good exchanges with help of seniors as they are available in different channels like Telegram, Skype etc for guidance.

gaston castano

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he is greedy and wants to make a profit, if he wants to put 50 at least he has to have a balance of 3000 I watched on video and someone said never put more than 2% of your total money, so if you lose, you can still benefit from 49 times next.
and also you are not alone in the market, many people also do the same thing with you.
or if with minimal capital, you can join with others so that the capital increases.

Krabby

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Quote from: DevilSlayer on October 03, 2019, 08:01:10 AM

Quote from: Kvalentine on August 17, 2019, 06:29:01 AM

Are you playing to lose or you are playing to win? a friend of mine lose all his bitcoin to trading and when he started complaining about i decide to take a look and i detected that he traded in a gambler's way.
He has 100$ and he traded just twice with 50$ which results in quick lose,im not an trading expert but most trading platforms always warn traders to limit their trading to the highest of 10$ which would have given him more chances to continue trading

Apart from not learning how trading works he is playing to lose,i think this is what many newbies are doing as well,if you are doing the same you will always end up losing your money,if you want to bet 50$ on a trade you must have thousands of dollars on the trading platform not trading with 100$ and be praying for a miracle.

Trading is not something you can rush,expert traders out there spend days trading for profits and if a particular day is full of loss they quit trading for that day.

It is because new trader are only putting money and they didn't considering many factors such as fundamental and technical analysis. I observed that most of the new traders are only doing speculation and that's why they lose money.

it's correct. They only saw the market collapse and altcoin prices kept going down. They then speculated their money on those altcoins and without any analysis

DevilSlayer

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Quote from: Kvalentine on August 17, 2019, 06:29:01 AM

Are you playing to lose or you are playing to win? a friend of mine lose all his bitcoin to trading and when he started complaining about i decide to take a look and i detected that he traded in a gambler's way.
He has 100$ and he traded just twice with 50$ which results in quick lose,im not an trading expert but most trading platforms always warn traders to limit their trading to the highest of 10$ which would have given him more chances to continue trading

Apart from not learning how trading works he is playing to lose,i think this is what many newbies are doing as well,if you are doing the same you will always end up losing your money,if you want to bet 50$ on a trade you must have thousands of dollars on the trading platform not trading with 100$ and be praying for a miracle.

Trading is not something you can rush,expert traders out there spend days trading for profits and if a particular day is full of loss they quit trading for that day.

It is because new trader are only putting money and they didn't considering many factors such as fundamental and technical analysis. I observed that most of the new traders are only doing speculation and that's why they lose money.

DeepChipolino

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Quote from: retnoanjani on October 03, 2019, 06:12:01 AM

Quote from: Samboo on October 03, 2019, 05:43:10 AM

I want to suggest to traders especially newbies to learn trading skills before joining cryptocurrency and start trading. There are multiple best and effective ways to trade, which can be found on the internet. You can pick which skills you find comfortable with and start trading. I have also lost much funds to trading without knowledge. So acquire tr3ading skills beforehand.

This is the most common mistake made by a newbie. Doing something without knowledge, without consideration, most are just trapped in hype and lure, most also want to earn money in an easy and fast way. Even if you want to get the best you have to understand the ecosystem first in-depth. Understand the risks, to determine appropriate precautions to reduce risk. Many techniques and indicators must be understood in trading, reading charts, determining the right timings, and reading news situations. It was all obtained not instantaneously. So make careful consideration and analysis before making a decision.

You mentioned the technical side of trading. Almost everyone can understand this. But there is a psychological aspect. And it is given to few. You can be a genius and understand everything that is necessary for successful trading, but trade at a loss.
The property of being afraid or being greedy may be characteristic of a person. Each time, the trader should have enough internal strength not to succumb to his fear or greed. And these feelings can come with every trade. This is the most difficult in trading, IMHO.

Impaler

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Trading is one of the best way to make quick and large profit in this space. But the problem is if you have to be a professional. Otherwise you can lose all your money in trading. And the problem with new comers is that they think they can do it but after a time they end up with losing all thebminey.

jmigdlc99

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Quote from: Kvalentine on August 17, 2019, 06:29:01 AM

Trading is not something you can rush,expert traders out there spend days trading for profits and if a particular day is full of loss they quit trading for that day.

So true, and I hope more people read and follow this advise.

I know of people who think just because they've read a book on trading they think they can take on people doing trading as their full time job. Remember that when you're trying to become a day trader you're going up against people who've been dedicating a lot of their time research, analyzing, and studying all there is available. If you're doing less than that then you're just gambling, trade at your own risk!

Ten98

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Quote from: Kvalentine on August 17, 2019, 06:29:01 AM

Are you playing to lose or you are playing to win? a friend of mine lose all his bitcoin to trading and when he started complaining about i decide to take a look and i detected that he traded in a gambler's way.
He has 100$ and he traded just twice with 50$ which results in quick lose,im not an trading expert but most trading platforms always warn traders to limit their trading to the highest of 10$ which would have given him more chances to continue trading

Apart from not learning how trading works he is playing to lose,i think this is what many newbies are doing as well,if you are doing the same you will always end up losing your money,if you want to bet 50$ on a trade you must have thousands of dollars on the trading platform not trading with 100$ and be praying for a miracle.

Trading is not something you can rush,expert traders out there spend days trading for profits and if a particular day is full of loss they quit trading for that day.

I think not only new traders experience losses or losses when trading, old traders also suffer losses if they cannot analyze the right time to buy and sell,if your friend loses $ 100 dollars enough to be an experience in his life, if he returns to trade my advice is to choose btc and eth, do not trade on coins that are not yet popular.

retnoanjani

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Quote from: Samboo on October 03, 2019, 05:43:10 AM

I want to suggest to traders especially newbies to learn trading skills before joining cryptocurrency and start trading. There are multiple best and effective ways to trade, which can be found on the internet. You can pick which skills you find comfortable with and start trading. I have also lost much funds to trading without knowledge. So acquire trading skills beforehand.

This is the most common mistake made by a newbie. Doing something without knowledge, without consideration, most are just trapped in hype and lure, most also want to earn money in an easy and fast way. Even if you want to get the best you have to understand the ecosystem first in-depth. Understand the risks, to determine appropriate precautions to reduce risk. Many techniques and indicators must be understood in trading, reading charts, determining the right timings, and reading news situations. It was all obtained not instantaneously. So make careful consideration and analysis before making a decision.

cutesgirl

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How come not for new trader if buying altcoin in higher price, they faced panic situation from an expert after show up how increase or higher price some altcoin, the new trader never think any more and buy it becaus ethey think could up again, but an expert trader take the moment to sell their altcoin but new trader buy it.

Samboo

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I want to suggest to traders especially newbies to learn trading skills before joining cryptocurrency and start trading. There are multiple best and effective ways to trade, which can be found on the internet. You can pick which skills you find comfortable with and start trading. I have also lost much funds to trading without knowledge. So acquire trading skills beforehand.

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