Topic: minimise possible losses in trading (Read 1102 times)

A good review, it is true everything you say, our failure to invest in crypto is because we are not good at buying coins in the market, and because greed makes us get nothing.

That is true update news and trend are wasting time but some people use it to make possible profits because sometimes people are fast encourage if the news came from the reputable personally and they made quick investing. But if they have not enough for that all kind of study and searching just monitor in the marketcap about the coins situation tominimize loses.

Sometimes i don't blame us traders for that buddy. We are in an ecosystem where many of the projects have failed to deliver what they promised or intended to do. And this is also about money we're talking about. People hence resort to anything that can fetch them money and that's why that thing happens. Any "useless" newd can even pump a coin lol

One of the most common enemy of a trader is the emotion especially when your fund is at stake. Panic-buying and getting in FOMO state is a result of emotion uncontrolled which lead mostly to losses in trading. On trading preferences, every trader has his/her own style of trading. I also use some technical analysis, price action and volume but most important is to develop your strategies and avoid emotions to minimize further losses.

I read multiple posts and threads about people loosing money with trading. My opinion is that every single person can become a profitable trader and you do not need to be a specialised trader to make consistent daily profits.

Most of the traders or 'wannabe' traders loose money because of several reasons.

- Enter the markets at the wrong moment.
- Put too much in a single position that doesn't leave them balance to enter the market at lower points.
- get caught by greed.
-.....

Sometimes when reading through posts and replies I get confused. Some things I very often read.

- no money can be made during a bear market situation.
- Making consistent daily profits is impossible
- educate yourself well before starting to trade
- you must follow news, trends and project updates
- ......

Then I probably am the most atypical trader in the world.


First of all I want to mention I do not give a sh*t about any coin, I never spend time on reading the crypto news, trends or updates. I do not care about any coin or project. I even do not care about blockchain technology in general.

Do not get me wrong, I am a strong crypto believer and 30% of my personal holdings are in crypto but I didn't invested a single dime of my own money in long term holdings. I only used profits I made with trading during the previous 3-4 years to invest in a long term portfolio.

But I approach Crypto as my personal cow that is providing milk (lots of milk) on a daily basis.


My trading

Everyone tells people to educate well before starting to trade. Lot of people are using 10s of indicators, draw lines and do 100s of things to analyse the market. Well I don't. The only thing I use for my trading is are the Bollinger bands. It took me exactly 1 hour to learn how to use this strategy and since then I am making money on a daily basis.

Lot of people tell that making consistent profits is impossible. Now I say it is possible. I make an average of minimum 1% profits on a daily basis on my total trading balance. I even managed to let 100€ grow to over 6000€ in 1 year by only using 1 single trading tool or indicator.

My secret is very simple VOLUME!!!!

I always enter the market at a point with the general idea to get out of the market latest 3 hours after I entered. But to be honest in 75% of the cases I even get out of the market within 30 minutes after I entered. This process I do about 50-100 times every single day. I rather take 0.5% profits multiple times a day than just enter the market 3 times in a day and see 2 of the taken positions turn out in a loss and get stuck with that position.

I jump in and out 50-100 times a day with 1-5% of my entire balance per trade. By trading so much volume you can significantly decrease possible losses and can make it possible to close 90-95% of your trading days profitable.
So if people are telling 1% average daily profits is impossible, I tell they are wrong, it is possible.


I do not care about coins, blockchain or developments I only care about making money and that is what I am doing.

I am not an expert trader, dont use lots of indicators, dont do analysis but I am making plenty of money.



And guess what? The sh*t I am doing seems to work.

I moved to Spain 4 years ago and since they the only thing I do is making money with crypto trading. Since then I can make a daily living from trading even if I am not a well educated or expert trader. I trade A LOT and very efficiently.
Lot of people dream to make a living from trading. All I can say is that it is possible even if you have not that much to start your journey to achieve the ultimate goal. But I am sure everyone can make a living from trading. But depending on the amount you can start with will determine how long it will take until you reach the point of the ability to make a living from your trading profits.


So do not get demotivated. If you have a dream and a plan you can achieve everything you want. I did it and know everyone can do it.

It can even be done with only a starting balance of 100-200€ starting balance. One of my friends started his journey together with me with only 200€ to start with. Now after 2 years he is making 500-1000€ profits monthly without ever adding extra money. He just stick to the plan. He set his goal to become a fulltime trader by beginning of 2020 and I am 100% sure he will succeed, because he sticks to the plan.



So people if you have a dream, just stick to your plan. Set up daily , weekly , monthly and yearly goals and do not change your plan until you reached your dream.

Conclusion

It is possible to minimise your losses to a bear minimum by using the right method. And making 1% average daily profits are possible

to minimize losses in trading I am used to dividing the capital that I have in several different altcoins. it helps a little to minimize losses in the trade that I do, if they don't fall together 

It is always like taking the chances to be better than before because the losses are always common for everyone but how we can reduces to a minimise value is the way to success and I think it will be easily possible to manage everyone using their experience only.

one buys a coin when the see that that the coins value is increasing because they think that the coin can continue to increase while the other one is buying a coins at the dip because this is the only time that they can afford to buy more .  both strategy are nice but they must consider to choose the best coins to be able to make their strategy more succesful  .

Maybe we should invest in more Altcoins. They will give us more safety. Because putting a lot of money into an Altcoins or a basket of eggs is very dangerous. If you choose the right money to join the investment as well as trading but at the wrong time, the loss still occurs.

You minimize the risk by spreading your investment in different altcoins, however I suggest you also consider bitcoin because right now
it's the most stable and dominant coin, if bitcoin will fall the rest of the altcoins will follow, that's how the market behaves so far, so the risk is still high.

Maybe we should invest in more Altcoins. They will give us more safety. Because putting a lot of money into an Altcoins or a basket of eggs is very dangerous. If you choose the right money to join the investment as well as trading but at the wrong time, the loss still occurs.

Maybe we should invest in more Altcoins. They will give us more safety. Because putting a lot of money into an Altcoins or a basket of eggs is very dangerous. If you choose the right money to join the investment as well as trading but at the wrong time, the loss still occurs.

Yes. To be a profitable trader, we should always grab all the chances that gives us signs of making profits. Even if its not that huge, we should still find ways to make profits consistently than to wait for a bull run to return and only by then you can make profits. Atleast we should know the do's and dont's in trading, we are still able to make profits somehow.