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.
Every single trader can't be profitable at the same time,since trading is just creating money from the loss of other trader so if youa re making money here means someone is losing their money on their hand. 
Topic: minimise possible losses in trading - page 6. (Read 1014 times)
Of a truth many of us invested into cryptocurrencies market at a wrong time. No one wants to buy the dip and we always jump in when the market is in green. The rule said "buy low or in the dip, sell high that is in the pump" but many traders refused to follow the foregoing analogy. If you want to makes money from cryptocurrencies market you must be patience with the market as many of us really like endurance, only those that has patience with the market really make money from the market and the in enduring on always lose money.
In my opinion if you are aware of the market that what is coming in the future and what is the strategy for the upcoming time then i think that you can minimize the losses by doing appropriate decisions in the ready time and trading is a very sensitive job so here the profit and losses chances are high and for us crypto is valuable so if we earn profit we become more interested and if loss we hesitate for the second time.
true, for some people a good analysis is necessary but with the tool Bollingers I use there is no study necessary. I just pick up every spot that suits the strategy, no matter what coin or shit coin it is. In this way I take about 75%- 85% winnings trades on a daily basis. The profits I make on this 75-80% cover the losing trades. So in general I close my day profitable in 90-95% of the cases
In my opinion if you are aware of the market that what is coming in the future and what is the strategy for the upcoming time then i think that you can minimize the losses by doing appropriate decisions in the ready time and trading is a very sensitive job so here the profit and losses chances are high and for us crypto is valuable so if we earn profit we become more interested and if loss we hesitate for the second time.
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
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
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