Topic: Many new traders are playing to lose - page 16. (Read 1971 times)
I will not be of the opinion of blaming your friend, he probably did what most of us did when we joined the cryptocurrency space at first and learning the hard way and getting burnt will actually make him sit up to learn and also not to commit almost half of his investment on a single trade at a time.
Only traders with out knowledge about trading can lose their investment. Trading is good and profitable if you know how to trade correctly. It takes time to learn just to make sure not to lose but to earn profit. Me,personally earn just by trading but always not ib a hurry to avoid loses.
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
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
Perhaps your friend didn't know what trading it, he just jump on the bandwagon and putting his money on crypto exchange. This game is not really for the feint of heart, you really need to educate your self specially if you are a newbie. You can call it gambling, but here in trading you can mitigate your risk many ways.
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.
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.
Exactly, you need to take it slow in trading and not thinking of profit early one. Learn in the beginning, but make it a habit not to repeat your previous mistakes, and then read, not just spend your money here, but spend some time and understand how everything works, stop/loss strategy or even learn when to enter and then get out on time before you loss all your money.
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 believe your friend might have traded a coin cos of FUD and as such has lead to him losing his funds, he never actually took the time to study the flow of price, he just wanted to rush in and out. Hopefully he had learnt now
He bought probably during the time when the market rises and many have been doing that strategy. But it's wrong to have that strategy if you can't afford to lose the amount you just deposited. Give him a reminder and an example on how to trade in a trader's way. You are right that you don't have to be an expert to excel in trading, it's more about the experience. Well at least that $100 was part of his lesson and charge to experience.
Some bitter experience is good for lessons to be learnt. Sorry to your friend for losing money through such amateurish more means. I guess this is a learning process for him/her as a noob in crypto trading. Life is a teacher hence so far as we live we shall continue to learn from our mistakes to make things right.
Like you said, he is probably gambling, not trading 
But serious, it's part of the learning process, I already lost money on trading at the beginning and then I started to study and research about trading, trends, read news
Now I can do my trades with more confidence
You should advice your friend to study first, it's not easy, and I speak for myself: keep distance of day trading unless you are a pro, focus on do few trades along the month, focus on midterm
But serious, it's part of the learning process, I already lost money on trading at the beginning and then I started to study and research about trading, trends, read news
Now I can do my trades with more confidence
You should advice your friend to study first, it's not easy, and I speak for myself: keep distance of day trading unless you are a pro, focus on do few trades along the month, focus on midterm
this is going to happen with new traders whether it is anybody this is the law of nature people learnt by their mistakes finally they will learn many things.
Are you playing to lose or you are playing to win? a friend of mine lose all his bitcoin to trading and when he started complaining about i decide to take a look and i detected that he traded in a gambler's way.
He has 100$ 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.
most beginners when trading think fast rich without thinking about technical analysis, money management, psychology even though every trader must have all three. your friend is also not wrong, it's a small step towards a pro trader, one mistake is better than not trying at all 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 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
It is always better to have some security capital while we are trading but not only the capital matters we need to know what we are doing while trading rather than picking a random trading pair and trading for it.SImply it is better to trade against the stable coin pairs when they don't know how the trading works.
No one knows when bitcoin get back to 19k. I think your friend was optimistic on that way thinking he will win. However, he did not noticed the other face which is the side of lose.
Every new traders are aggressive to try the business. Until the long run by mistakes they have done they will be a professional traders. By the way even professional traders experience to lose. It means New or Professional are not exempted to lose.
It depends on how everyone deals the trading platform. Playing is not always about winning big value. Small amount once earned will become big.
Every new traders are aggressive to try the business. Until the long run by mistakes they have done they will be a professional traders. By the way even professional traders experience to lose. It means New or Professional are not exempted to lose.
It depends on how everyone deals the trading platform. Playing is not always about winning big value. Small amount once earned will become big.
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.
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