That is a normal newbies experience tha loses in trading, I advise in every loses learn where did you mistake and analysts it well.
Trasing is not an easy job need to learn and focus to avoid loses and mistake decision every now and then while working in trading.
Topic: Many new traders are playing to lose - page 11. (Read 1971 times)
the most important thing is not giving up.
trading is not an easy job, but it requires a lot of practice and practice.
keep trying
trading is not an easy job, but it requires a lot of practice and practice.
keep trying
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.
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.
Of course, trading on the crypto market is somewhat similar to gambling in a casino, but I would not compare them. Because while playing in a casino, it all depends on your luck. When trading in the crypto market, luck is also important, but your knowledge and skills that you apply in trading are even more important. The ability to remain calm and patience is also important. If you have it, then you will be successful in trading in the crypto market.
A lot of traders lose money because
(1) they bought in at resistance, instead of support
(2) they invested in worthless (shitcoin) projects
(3) they are too impatient and will quickly sell at a loss so they can go to the next trade
(4) they FOMO into a trade
(5) they panic sell when the price drops
(6) they based their trading decisions on social media posts
1) Whoever thinks this level is resistance should make an analysis based on the historical price chart which can't exert influence on that price is high or low (1) they bought in at resistance, instead of support
(2) they invested in worthless (shitcoin) projects
(3) they are too impatient and will quickly sell at a loss so they can go to the next trade
(4) they FOMO into a trade
(5) they panic sell when the price drops
(6) they based their trading decisions on social media posts
2) Shitcoins can be found on the small exchanges which experienced traders avoid
3) HODL has some disadvantages for impatient people, maybe this potion is better for them.
4) FOMO is a real price exponent of the uptrend
5) Panic selling kills the market liquidity at full speed
6) Socia media mentors are anonymous in general, but the real traders also share the trading setups on the respective platforms.
Yeah it is the perception of most of new comers that trading is the easiest thing to do to profit, some take as a game to earn money, some thing it is as easy as buying and selling but the fact is that it is highly complex market structure with dozens of factors and market can move in any direction any time that is why we have very rare amount of successful traders and most of the bew ones just loose.
Well it's his own fault trading without any knowledge, most new traders just getting into the hype and fall for market condition. They need to learn first all about trading then start with a small capital and when they have enough experience they can go for higher funds to trade.
How many new traders wants to listen to this advice, all they are just after is how they are going to enter the trade and picture the amounts of money they can make with little without acknowledging that everything is to be played by the rule, most traders that we even see just picking interest in the market now does not even wants to go through the stress of learning how to apply strategies, so what they do is to use gut instinct to place order for their trade and then sell still using gut instinct, but you know what, it is better that they do whatever they like, when it is time for them to be thought lesson, no one will really advise them to run after the knowledge because they will need it badly after they have failed several times.
There is no trader that has never lost, the market is not favorable at all time, sometimes one may have assumed he has made the right entry and the next moment, market dumped and goes heavily against him. It is from losing that one learns, I have lost huge trading as a newbie but they constitute what I know today and apply to win
Some people thought that trading is just buying and selling and it is not. You need the knowledge to study patterns and movements in order to make an entry or exit. As a newbie, it is normal to lose sometimes as this happens to to expert traders, just do not put all your eggs in one tray so you will not lose.
Analysis techniques can be learned, many sources of knowledge can be read. What's hard to get is the experience. Being a trader with a strong mentality requires a lot of time, ups and downs, losses, and other bitter experiences. That is what builds the experience to be able to exist and adapt in the cryptocurrency ecosystem. Trading requires analysis, not just luck as gambling. Risks must be understood, never invest money that you can't afford to lose.
Indeed. Knowledge is nothing with acquiring experience. An experience is must in order to execute those technical analysis that is being learned. Risk management, experience, technical and fundamental analysis are the things that a trader must apply in order to be a successful trader. This is why it takes time to master trading. 
Analysis techniques can be learned, many sources of knowledge can be read. What's hard to get is the experience. Being a trader with a strong mentality requires a lot of time, ups and downs, losses, and other bitter experiences. That is what builds the experience to be able to exist and adapt in the cryptocurrency ecosystem. Trading requires analysis, not just luck as gambling. Risks must be understood, never invest money that you can't afford to lose.
Knowledge is required in trading. If your friend is new in the industry and then invest in large quantities. I guess it's too risky because your friend has no experience, so lose a lot of money. Trading requires patience and the right time to buy coins and sell coins.
Everything must be included in the calculation including trading. does not have to be big capital when it is learning. if we already have a mindset that is very profitable at the beginning it will be a little difficult because here on average they will find it hard to beat lust
Knowledge is required in trading. If your friend is new in the industry and then invest in large quantities. I guess it's too risky because your friend has no experience, so lose a lot of money. Trading requires patience and the right time to buy coins and sell coins.
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.
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 agree that trading is not something can rush. Even experienced trading will definitely use a strategy to make a profit and they always make a trading plan. Cryptocurrency is different from forex, which is more stable, crypto movements are sometimes very extreme
When the market grows, you can profit by trading on the exchange, even with minimal trading knowledge. But if the market is the same as it is now, it is not surprising that many people lose money when trading on exchanges. Without sufficient knowledge and experience in trading, losses will be commonplace and trading will turn into a game of chance that has nothing to do with trading.
What do you expect when you gambled with your money, you neither win or lose. Your friend aims for higher quicker money that will pay off hugely without much stress of re-betting continuously to get the amount he wants. He aims high,so he should try again later. There's no harm in trying again and again, he will win this time (lols)
trivial, inexperienced, just fad, impatient and not in the right references group are the most reasons why new traders lose for the first time.
exact... after you have the skills, experience, and enough references then only luck is what you need.
Trading requires some sort of learning and mastery skills of the market. You can't win if you don't understand the market and play by it if you are naive or a gambler you will lose your funds while trading.
Luck is also an important factor, this is due to the many facts that market analysis and mastery are not everything, sometimes luck is a very important factor for a trader.
I also found a lot of people who are like that, but it is better than them doing forex trading where they really will rivet their money in an instant different from bitcoin trading, at least they still have a cryptocurrency that will someday touch ATH 
I cant blame your friend cos many newbies like learning the hardway and remember that every single pro traders are all losers to trading at the very beginning of their trading journey before they actually became professional traders,its not easy to understand how market movement works and most strategies ive seen doesnt work for me either,we have to lose before we become winners its part of the procedures
I would have taken S17 pro as the price on is very cheap on globemining
I need some more time to consider, I would take into account you personal advice too. I would have taken S17 pro as the price on is very cheap on globemining
I need some more time to consider, I would take into account you personal advice too. Jump to: