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Topic: My luck is very bad for crypto trading 😞 - page 12. (Read 26440 times)

legendary
Activity: 2912
Merit: 1068
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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.
newbie
Activity: 25
Merit: 0
Yeap, it's difficult to monitor price changes due to crypto's volatility. And even advanced traders might fail in following all these declines and increases. That’s why people designed brokers which are aimed to help traders an let them focus on the process itself. I heard that CEX is going to launch its new platform (https://cexbro.com/) that will serve as a simple trading platform but with various tools and instruments. Personally, I’m going to use it for examining different strategies. I think that should be helpful in reconsidering some aspects of trading and picking an optimal strategy.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
When you doing trading activity is better dont trade too many different coin at the sametimes so we will more easy and more focus to handle it. Trade only maximum 3 different coins is recommended so if the price rally or dump we can maximum the profit and minimize the risk.
I disagree, if you are really a trader then you need to trade as many coins as it is possible for you, and it is obvious to know why since you will have greater chances to see a good trade the more coins that you trade, while many have the false belief that all the coins move the same that is not true, each coin has its own way of moving and you need to watch them very carefully since an opportunity that appears in one coin may not appear in any other coin of the ones you are monitoring.

So trading only 3 coins is a waste of time in my opinion you should trade at least 10 coins that way you will never be short in opportunities to make money in the markets.

Sorry, but you are wrong. You can trade only with one coin and to have big success with that. You need to understand that everyone has different capabilities, you can't be good at everything. Someone can handle trading even with more than 10 coins, someone suck at trading even with one coin. If I can say anything for sure after years of trading it`s that you need to have trading amount and holding amount for the coin you plan to trade with. Having other investments is recommended, nothing hurts if you take a little part of your profit and invest in some coin that you will hold for years.
If you can get profits in one coin then you can get profits trading 10 coins, as I said if you only trade one coin then your opportunities are going to be limited to only that coin, lets suppose that you only traded the BTCUSD pair that could give you great profits but you could have missed several good trades and opportunities, the BNB coin is doing very well, TRX was giving great profits just some months ago and RVN is doing great right now.

If you watched those markets then you could have an opportunity to enter in them and make profits while in the BTCUSD pair not much is happening and I do not expect that will change anytime soon.
jr. member
Activity: 378
Merit: 3
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
full member
Activity: 882
Merit: 126
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February 27, 2019, 03:26:27 PM
Luck is not the reason why we lose in cryptocurrency trading. I think the reason why we lose is because of the unexpected situations that we keep facing in the cryptocurrency market. We should also improve our trading skills in order to win in trading.
when you want to be a successful trader you need to make the bad situation also benefitable for you, which also need a little bit of luck but mainly depends on the skills of the person who make them better through their experience.
legendary
Activity: 3346
Merit: 1191
February 27, 2019, 01:36:42 PM
When you doing trading activity is better dont trade too many different coin at the sametimes so we will more easy and more focus to handle it. Trade only maximum 3 different coins is recommended so if the price rally or dump we can maximum the profit and minimize the risk.
I disagree, if you are really a trader then you need to trade as many coins as it is possible for you, and it is obvious to know why since you will have greater chances to see a good trade the more coins that you trade, while many have the false belief that all the coins move the same that is not true, each coin has its own way of moving and you need to watch them very carefully since an opportunity that appears in one coin may not appear in any other coin of the ones you are monitoring.

So trading only 3 coins is a waste of time in my opinion you should trade at least 10 coins that way you will never be short in opportunities to make money in the markets.

Sorry, but you are wrong. You can trade only with one coin and to have big success with that. You need to understand that everyone has different capabilities, you can't be good at everything. Someone can handle trading even with more than 10 coins, someone suck at trading even with one coin. If I can say anything for sure after years of trading it`s that you need to have trading amount and holding amount for the coin you plan to trade with. Having other investments is recommended, nothing hurts if you take a little part of your profit and invest in some coin that you will hold for years.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
February 27, 2019, 12:25:25 PM
When you doing trading activity is better dont trade too many different coin at the sametimes so we will more easy and more focus to handle it. Trade only maximum 3 different coins is recommended so if the price rally or dump we can maximum the profit and minimize the risk.
I disagree, if you are really a trader then you need to trade as many coins as it is possible for you, and it is obvious to know why since you will have greater chances to see a good trade the more coins that you trade, while many have the false belief that all the coins move the same that is not true, each coin has its own way of moving and you need to watch them very carefully since an opportunity that appears in one coin may not appear in any other coin of the ones you are monitoring.

So trading only 3 coins is a waste of time in my opinion you should trade at least 10 coins that way you will never be short in opportunities to make money in the markets.
hero member
Activity: 1120
Merit: 507
February 27, 2019, 08:09:32 AM
A person will always not be enough just to make a profit, if he does not set certain goals, you need to learn how to do it and happiness will come by itself
Not all the things happen by itself. People are taking this thing really hard. The one best way to make money is pure business. It could be any ordinary market business that is investment in bonds, stocks and shares or property business. It could be the crypto business. One rule you must follow is that invest and take time. Nothing can happen overnight.
legendary
Activity: 1890
Merit: 1003
February 26, 2019, 06:36:32 PM
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 😞
You're not trading but you are rather investing. Also, I think you didn't even bother to check the trading chart and use indicators and otehr tools as guide. Trading is not a gambling, thus your luck is not the major key for a sucessful trade.
Even not in gambling, we cannot blame only luck for our lose because in crypto currency you will earn but with your skills, so if once you had bad experience don’t consider it your luck permanently infect you should learn from it and try not to repeat your mistake and learn from it, focus on the price graph by your self don’t rely only on market indicator make your own observation.
Problem is you don't know this is mistake or not without trying it in gambling. Wholes system is based on luck and a little bit of skills. Trading is not same as gambling and junior traders need to learn simple basics before testing real platforms.
sr. member
Activity: 1071
Merit: 253
February 26, 2019, 02:18:02 PM
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 😞
You're not trading but you are rather investing. Also, I think you didn't even bother to check the trading chart and use indicators and otehr tools as guide. Trading is not a gambling, thus your luck is not the major key for a sucessful trade.
Even not in gambling, we cannot blame only luck for our lose because in crypto currency you will earn but with your skills, so if once you had bad experience don’t consider it your luck permanently infect you should learn from it and try not to repeat your mistake and learn from it, focus on the price graph by your self don’t rely only on market indicator make your own observation.
legendary
Activity: 1904
Merit: 1000
February 26, 2019, 09:43:32 AM
All newbie traders lose in their first trades.The important thing is that you gain knowledge and experience about the market.Trading is not 100% luck,even though there's some luck involved.You can't just buy an altcoin and expert it's price to skyrocket just like that.
By the way,why dogecoin?

To my knowledge, from what I read, OP did not lose in his trading. He bought doge at 39 satoshi and sold it at 49 satoshi. Which he said unlucky is because a few moments later the doge price rose to a price of 100 sathosi. Such experiences are certainly very common. Regret always comes last!
hero member
Activity: 1120
Merit: 553
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February 26, 2019, 07:53:22 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 😞
You're not trading but you are rather investing. Also, I think you didn't even bother to check the trading chart and use indicators and otehr tools as guide. Trading is not a gambling, thus your luck is not the major key for a sucessful trade.
full member
Activity: 651
Merit: 103
February 26, 2019, 07:00:50 AM
Luck is not the reason why we lose in cryptocurrency trading. I think the reason why we lose is because of the unexpected situations that we keep facing in the cryptocurrency market. We should also improve our trading skills in order to win in trading.
sr. member
Activity: 812
Merit: 250
February 26, 2019, 06:49:19 AM
it's not your bad luck, but your experience and knowledge causes your luck to be bad. everything returns to your abilities. multiply your knowledge. so that you don't get caught up in your mistakes in trading.
member
Activity: 490
Merit: 10
February 26, 2019, 05:13:04 AM
That's right, or if you don't have time, let's put stoploss and it's very useful. It helps us reduce the risk of losing all profits or losing all the money we have.
I used to be subjective when investing in OCN, it increased to 25% in the first 30 minutes but I forgot to place a sell order and stoploss. so then OCN was dumped and eventually I lost more than $ 346 because I didn't order. This is my experience.
member
Activity: 182
Merit: 10
February 26, 2019, 04:50:22 AM
Do not worry. Profit and loss may be both in trading. If there is a loss, there is no reason to be frustrated. So be patient if the loss is to be patient. And people mistakenly take lessons.

You lose one day Will be beneficial. Nobody can ever profit from trading at first. Because trading is not so easy. This is a complex subject. There are some rules of trading that cannot be successful. You will gradually learn trading one day. And on that day you can earn a lot. And trading is never to be done with two coins. It's good to have a lot of coins. Because it damages a coin and can be compensated by the other. Thank you
hero member
Activity: 1092
Merit: 501
February 24, 2019, 12:24:06 PM
I do not believe that your luck is very bad, you just have to read trading courses and work on the demo at least one year

His problem alone will tell us that his perception in trading is wrong.
Don't use your luck to be successful in trading as you need skills in order to do it, luck can be applicable in luck based
gambling but not in trading. Experience all the hardships until you learn, you will not stop early if you know how to manage your funds.
You're right, crypto trading is not gambling, you must learn at the beginning and after start with a demo account only for at least 6 months.
Gambling is not like trading because it has different strategy and trading is other thing,  if you are losing your patience trading will remain risky for you, but if you will keep holding to learn more and more about trading you will win because luck plays only minor role in trading but knowledge and skills matters allot, so be hopeful you will earn profit because market will recover very soon.
hero member
Activity: 2478
Merit: 512
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February 23, 2019, 11:29:59 AM
In 2018 it was a difficult year and time for cryptocurrency space. As we knew it's called a bear market. many suffered substantial losses that year. because there is too much speculation that is messy and unpredictable. maybe 2018 is a nightmare for newcomers.
sr. member
Activity: 700
Merit: 252
February 23, 2019, 09:06:22 AM
indeed for now luck is very bad but for 2017 then good luck is so good that there are many people who get big profits. so my hope for this year is that luck will be like last 2017
full member
Activity: 1498
Merit: 146
February 23, 2019, 08:02:10 AM
I do not believe that your luck is very bad, you just have to read trading courses and work on the demo at least one year

One year or three months or eeven few weeks enough to be a pro trader and the time needed for this to be depends on how much they are willing to do it and their skills,don't just rely on your luck for profitable trades do some strategies and pull the profits for your side.
Hi semobo
I am with you, the only way to win trading operations is to apply a very powerful strategy.
Powerful or easy strategy but it needs to be most effective for that market situation. Smiley

But before understanding crypto trading will help lot.
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