Topic: My luck is very bad for crypto trading 😞 - page 37. (Read 26440 times)
The core problem you have is a belief in "luck." There is no such thing as luck. There are bad decisions, there are things out of your control, etc. But carrying a rabbits foot or praying to get rich is a fools path. You should be doing math if you want to be successful in business.
This is serving as a learning process for you in this market. Do not be discouraged by what happened. At least, their was profits in it. Just make sure you make the right decisions no matter how little the profits are
Definitely. OP shouldn't get discouraged for what happened. Anyone that has traded Cryptocurrencies has at one point missed out on profits or lost money trading. However, we shouldn't let it discourage us. Rather we keep going, then we go again. I believe sooner or later one would get a win. Its just the bear market that made trading the way it is today.
I think you had a pending order, which is why the sale happened. you may not have noticed, but watching the price every day is not good advice.
Yes, surely he had made a sell order on 49 satoshi and he felt unlucky because a few moments later the price of doge penetrated to 100+ satoshi. Experiences like this aren't new to me. But that's life. We don't always make the most appropriate decisions.
I think you had a pending order, which is why the sale happened. you may not have noticed, but watching the price every day is not good advice.
Yes, surely he had made a sell order on 49 satoshi and he felt unlucky because a few moments later the price of doge penetrated to 100+ satoshi. Experiences like this aren't new to me. But that's life. We don't always make the most appropriate decisions.
Have you ever thought that maybe isn't just the question of luck?
Trading is a process that takes time to learn and gain experience that you need to achieve some results. Luck is just a smaller part of it and you can't rely on that.
Although many people will not agree with me trading is not the same as gambling where luck is actualy the most important factor.
Trading is a process that takes time to learn and gain experience that you need to achieve some results. Luck is just a smaller part of it and you can't rely on that.
Although many people will not agree with me trading is not the same as gambling where luck is actualy the most important factor.
I think you had a pending order, which is why the sale happened. you may not have noticed, but watching the price every day is not good advice.
Then he can cancel the order by accepting the fees in tokens or coins he lost. Else he may try to open up the new trade with the same value determined on the site. It will be really helpful to complete the trade.
If looking for profit on trading he may have choices with multiple cryptocurrencies it will be helpful to find it.
Most of the day trader was doing this activity.
You have to spend more times for analysis price action and fundamental of each crypto, currently there are some altcoin was going up to 100% just in 1 or 2 days, and this good situation to make good profit. To earn maximum profit we should more focus, keep patient and set target profit monthly and avoid greedy.
You know when people say they do not have luck when it comes to trading; I tend to realize how they have actually ended up getting it all wrong right from the start. Trading is a profession and every profession requires learning and because a lot of people take that with levity, they tend to get burned at the end of the day.Gambling and trading actually work together in some ways. if you are trading without a strategy, you are gambling, and that will always give you the worst experience you can ever imagine which is what makes people like the OP depend on luck, but on the other hand, if you trade with knowledge and great experience, then that makes you a professional and in this way you are not trading based on what you expect luck to give you but based on what you know.
I think you had a pending order, which is why the sale happened. you may not have noticed, but watching the price every day is not good advice.
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.
for long-term investments, don't sell orders. because the first intention is a longterm investment. like your case is, buy doge but make a sell order and forget about it. yes that is bad luck, because you make a sell order at a low price, it should be if you make a sell order is at a high price. because of the intention to make a longterm investment. 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.
You have to spend more times for analysis price action and fundamental of each crypto, currently there are some altcoin was going up to 100% just in 1 or 2 days, and this good situation to make good profit. To earn maximum profit we should more focus, keep patient and set target profit monthly and avoid greedy.
I would even rather say he should spend more time on learning and maybe over time, he would stop depending on his luck when it comes to trading the market. The mistake a lot of people have made in their trading years is that, they feel luck is the thing for them to always make right calls, but no, waiting on luck is just a way of setting yourself on fire pretty fast. Luck is only applicable maybe in the movement of the price in the long run or how far it moves, but basically everything about trading, entering a position, exiting a position either through selling for profit or stopping loss, are all based on the knowledge that you have. Without it, you are doomed.
The one thing you're supposed to minimize as well as possible is "luck" in trading. Do you think it's always the same guys profiting the most yearly results of good luck? Absolutely not. They're the ones who know how to manage their trades when bad luck occurs and something unexpected happens. Luck has very little to do in long term trading career, i'd go as far as say it has absolutely nothing to do when looking at people with multi-decade long career in trading stocks/crypto/etc.
One of the best things a veteran traders has told me was "If a trade is not self-evident, i will not take it. The idea of studying charts is ludicrous to me".
Only takeing trades that you're sure of does pays off in long term.
One of the best things a veteran traders has told me was "If a trade is not self-evident, i will not take it. The idea of studying charts is ludicrous to me".
Only takeing trades that you're sure of does pays off in long term.
It is not easy to take full possible profit for any coin because we have no idea about how much it will rise
But the best possible things that you can do is to place sell orders in different ranges
Selling whole bag at one point is not good strategy imo
Also if you thinking of checking everyday price that is not possible I think but maybe you can use some price alert apps
And mostly placing orders in different range have always gives best results because it not possible to sell your coins without orders at a price where price remain only for few minutes
For example in recent days xrp touch 0.000117 btc for few minutes then go down to 0.000080 btc
BTW I prefer to do some research about good trading strategies and trading rules
But the best possible things that you can do is to place sell orders in different ranges
Selling whole bag at one point is not good strategy imo
Also if you thinking of checking everyday price that is not possible I think but maybe you can use some price alert apps
And mostly placing orders in different range have always gives best results because it not possible to sell your coins without orders at a price where price remain only for few minutes
For example in recent days xrp touch 0.000117 btc for few minutes then go down to 0.000080 btc
BTW I prefer to do some research about good trading strategies and trading rules
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.
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.
I think this is not what you called luck
I suggest to download an app that you can monitor your holdings, I personally don't believe in luck because when you make an effort to do something for good that's WORK and not luck, Don't worry if it's not for you something is better to come buddy. the important thing is you have learned(hopefully) to this kind of unattended things. Cheer up buddy! there are more opportunities to come!
Every trader at one time or the other experience this, you need to be emotionally mature to be able to handle this, not everyone is strong to withdstand such losses. The best way to trade such market is to go in with stop loss and plan a take profit when the market goes in your favor. Sometimes our greed is the problem as one would think that the market will keep mooning
This is serving as a learning process for you in this market. Do not be discouraged by what happened. At least, their was profits in it. Just make sure you make the right decisions no matter how little the profits are
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.
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 has no correlation with your trading, I believe you don't analyze market trend first and push too hard open position with your asset. You should have good preparation because trading is not easy and can make rich become bankrupt in second. Learn basic knowledge ( risk, money management, psychology ), practice with demo account and then open position on real market. You should do that step by step, never enter the market depend your faith and dream only. Think again if necessary just cut loss it.
At least you have not sold them at loss. But next time you have to be more careful. If you do not intend to monitor the market everyday, it is better not to place order on exchange because the magnitude of the fluctuation of the market could be very large.
I have failed like you and I think we need to know that it does affect our morale. Or you can place a sell order at your desired level so that there is no regret when you can not sell at that price when not online.
No need to despair, now is the most convenient time to enter the market and it is necessary to consider the long-term option of investing in such a market and fix the profit
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.
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.
if you are doing trading you should monitor the coin price every hour of the day so that you cant miss something in the market as a trader you should do that because every moment that the market moves it counts.
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