My luck is very bad for crypto trading 😞 - page 11.

S4VV4S

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Quote from: angel55 on April 21, 2019, 10:41:03 AM

Quote from: lovesmayfamilis on April 21, 2019, 10:33:19 AM

The main purpose of trading is earnings. Trading is a craft for people who have a healthy mind. It is better for all unbalanced people not to engage in trading because you can lose money, that is, a person who is constantly chasing profits, looks at the monitor, counts every penny, is very stingy and very poorly behaves, he will never achieve good results.

Trading is a mental game for sure just like poker. Only a certain type of personality can be successful in trading, you need to be cold and mechanical, you can't be driven by human emotions which is near impossible for most people.

Yes trading requires high patience if we want to succeed with it. You needed to never have emotion
when the price goes down after we buy and up dramatically after we sell. Such things often happen in trading.

angel55

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Quote from: lovesmayfamilis on April 21, 2019, 10:33:19 AM

The main purpose of trading is earnings. Trading is a craft for people who have a healthy mind. It is better for all unbalanced people not to engage in trading because you can lose money, that is, a person who is constantly chasing profits, looks at the monitor, counts every penny, is very stingy and very poorly behaves, he will never achieve good results.

Trading is a mental game for sure just like poker. Only a certain type of personality can be successful in trading, you need to be cold and mechanical, you can't be driven by human emotions which is near impossible for most people.

lovesmayfamilis

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The main purpose of trading is earnings. Trading is a craft for people who have a healthy mind. It is better for all unbalanced people not to engage in trading because you can lose money, that is, a person who is constantly chasing profits, looks at the monitor, counts every penny, is very stingy and very poorly behaves, he will never achieve good results.

ShowOff

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Quote from: aysg76 on April 21, 2019, 09:37:22 AM

Quote from: Muhtaixa on April 21, 2019, 08:23:29 AM

Luck is important of course and I thought like this formerly, then I learned supports, resistances, moving averages fibos and then luck is not affecting me much so you need to improve yourself everytime.

Well, it's not the luck all the time, it is how much you have learned from your past experiences. Although luck matters up to some extent, but the most important is how much you are learning from the previous mistakes. The more you learn, the better trader you'll become. Being traders we all make mistakes in some way or the other but you have to keep an optimistic approach alongside in order to succeed...

Maybe luck is on gambling only Grin

, or usually traders that really thought by other people is luck, they can analyze and know what coin or in what price to buy. Even sometime there are people who luck like put order in bottom and get their order filled when a coin get dumped very hard. Because i have seen it in Poloniex at past.

aysg76

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Quote from: Muhtaixa on April 21, 2019, 08:23:29 AM

Luck is important of course and I thought like this formerly, then I learned supports, resistances, moving averages fibos and then luck is not affecting me much so you need to improve yourself everytime.

Well, it's not the luck all the time, it is how much you have learned from your past experiences. Although luck matters up to some extent, but the most important is how much you are learning from the previous mistakes. The more you learn, the better trader you'll become. Being traders we all make mistakes in some way or the other but you have to keep an optimistic approach alongside in order to succeed...

ginobitcoiner

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luck? it's not luck, but you don't learn from your previous trading experience so you make the same mistakes in every trading activity.

Muhtaixa

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Luck is important of course and I thought like this formerly, then I learned supports, resistances, moving averages fibos and then luck is not affecting me much so you need to improve yourself everytime.

hahay

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When you buy then hold it for 2-3 weeks then I think it would be better to wait even longer for coins that have high trading volume, but that is a choice. If you want to trade every day, then check before buying, when the coin has large fluctuations, then that's where you can take advantage of the moment to make a profit if you are able to do it well.

snakey

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Bad luck?? I guess you are trading in fomo and fud, you don't seem to apply tools and statistics. Right!
may be if you are still in loss after applying mathematical tool but in long run you will be in profit if you continue using tools, whereas if you trade in opinions and fud/fomo then likely you will end up in loss for ever.

senne

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Trading based on luck was never advisable. It's not gambling. Luck has half the role. If you panic sell or buy, simply don't trade cryptos. Crypto market is highly volatile unregulated and decentralized. Such markets are prone to pump and dumps and extensive manipulation. So, it is better for you to go long term than to try chasing short term profits.

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Quote from: bitbunnny on March 24, 2019, 04:44:16 PM

Sometimes people rely too much on luck in trading but this is just the tinny bit and there are many other factors involved. Your knowledge, skills and amalitical mind are much more important. With so much variety of coins abd so intense market you have to be able to manage all this and make decisions sharp and quickly. That is why trading is not for everyone and you can't blaim lack of luck if you suffer losses.

Agree, many traders are too dependent on luck so they say that their luck is small so they lose money. Even though trading isn't about luck, you can't pick and buy coins randomly on the market and hope you will profit? You have to analyze it if you want to profit

Ferris419

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Quote from: Moshaid on April 19, 2019, 02:32:59 PM

Trading is of two thing, it's either you're on the winning side or the losing side. If you're on the winning side that doesn't mean you won't be on the losing side and vice versa. The best thing to do while trading is to avoid trading with emotion. Also to be on the safe side try not to put all your eggs in one basket learn to diversify your trade. I do hope you don't stop this your hustle and keep pushing.

You said the right point. he should understand the trading system and also need to know about the trading graph. Price rise-fall depend on the graph, that is supply and demand. A piece of good news for any coin/token can change its value. It can be up more than 100% or can fall. You need to check out the future and present position of the coin.

SixOfFive

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Quote from: raghovsing34 on September 21, 2018, 03:17:44 AM

I think my luck is very bad. I can not earn good profits on cryptocurrency trading any day. An example of this is Doge coin. I invested in Doge coin probably 2 months ago. Which I bought 39 satoshi and bought a total of 126000 doge coins. It was almost 2-3 weeks, I did not check the price. But when I check price on coinmarketcap a few days ago, see Doge coin 100 satoshi cross. After that I was very happy. But when I login into exchange, for selling Doge coin, I was shocked, seeing that my coins were sold in 49 satoshi. I did not remember when I had a sell order. After seeing that I was upset. That was not the first time, before several times, I could not sell many coins at a good price 😞

But finally, an education has realized that if you buy a coin for long or short time, then you should check price minimum one time every day.

Luck never favor to Amature trader. Trading need a lot of analysing skills, good knowledge and practice of technical analysis and then keep an eye on day to day news and it's impact on market. There is no place of luck in trading, it requires a lot of experience and risk taking capability to stay in crypto market. So help yourself and learn technical skills and stop blaming your luck or get out of market soon so that you don't loose more money. I wish you all the best for future.

Opnsrc

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Quote from: Farma on April 19, 2019, 01:48:39 PM

Quote from: bitbunnny on March 24, 2019, 04:44:16 PM

Sometimes people rely too much on luck in trading but this is just the tinny bit and there are many other factors involved. Your knowledge, skills and amalitical mind are much more important. With so much variety of coins abd so intense market you have to be able to manage all this and make decisions sharp and quickly. That is why trading is not for everyone and you can't blaim lack of luck if you suffer losses.

well, even for marketing strategies have special schools. well, new traders always feel that trading is easy. because of this, they forget information and skills that can be important points in trading. I suggest studying marketing techniques first.

If we want to get good results, we must never stop to learn. Use all kinds of information about cryptocurrencies (filter it, sure), learn also how to come to your own conclusions using it.

dominos

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Quote from: superstarbtc on March 18, 2019, 08:22:07 AM

In bear market thought me lot of things which i may not learn in the bull market everything is learning in crypto rather than pointing out luck we can say it is lesson

Yeah, but if we are talking about trading than remember that you can play for a price fall - short postion, so I can't understand your point.

Moshaid

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Trading is of two thing, it's either you're on the winning side or the losing side. If you're on the winning side that doesn't mean you won't be on the losing side and vice versa. The best thing to do while trading is to avoid trading with emotion. Also to be on the safe side try not to put all your eggs in one basket learn to diversify your trade. I do hope you don't stop this your hustle and keep pushing.

shimbark123

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We all have bad times in trading. I for one have a bad experience in which I lost 1.343 bitcoins on a trade. I forgot the coin. At first it was doing great but after that it turned out as a bad coin and I lose all investment. I guess I invested .81 btc and then gathered like 1.343 then lost it all.

bonker

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If you only believe your luck on trading to make profits then you won't make profits atleast in the long run,you need to build trading skills and strategy from your experience.Don't commit the same mistakes which causes you to lose previously but at the end its combination of luck and skill so keep trying until you can make profits.

Farma

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Quote from: bitbunnny on March 24, 2019, 04:44:16 PM

Sometimes people rely too much on luck in trading but this is just the tinny bit and there are many other factors involved. Your knowledge, skills and amalitical mind are much more important. With so much variety of coins abd so intense market you have to be able to manage all this and make decisions sharp and quickly. That is why trading is not for everyone and you can't blaim lack of luck if you suffer losses.

well, even for marketing strategies have special schools. well, new traders always feel that trading is easy. because of this, they forget information and skills that can be important points in trading. I suggest studying marketing techniques first.

Victorycoin

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Quote from: Aivaryamal on February 16, 2019, 01:55:44 AM

Crypto-currency portfolio should really be checked periodically, because it happens that some of them can give 20-30% profit in a week and it needs to be fixed

You are right on your first part:

Quote

Crypto-currency portfolio should really be checked periodically

But you are not right on your second part:

Quote

some of them can give 20-30% profit in a week and it needs to be fixed

Sometime it can give 20-30 minutes within a day even within few minutes. I think while you are on online you should check and at least try to check within 8 hours each time.

Topic: My luck is very bad for crypto trading 😞 - page 11. (Read 26410 times)