Topic: Need help with trading (Read 680 times)
You’ve made a wrong choice with that second token. It very often happens when traders invest in new projects. To avoid this in future you need to check all the info about project you want to take part in very carefully and always to protect your tokens by stop loss orders. Otherwise you can miss the dump. But the best way not to lose your money is to invest in top-10 coins of coinmarketcap. Those coins are the most reliable.
You can be investor than trader, buy coin when lower price and sell later after price raise up, do it for every moment but if you buy on higher price and later price dump wait and hold until price back. Not any technical need as investor just know with good coins to buy, Recommended with BNB or ETH as holding coin and open your portfolio maybe two months later.
I still not understand yet how to read and make chart, maybe the only me faced problem with how to mark chart where have support entry to buy, but I am always checking with coin want to buy and see price day by day. When lower price coming this time to buy without read about chart because I am not understand yet there.
Okay, I am providing some video/blog posts about How to read candlestick charts & the Basics Of Technical Analysis.
It will be very helpful for you if can able to learn those.
Candlestick charts: The ULTIMATE beginners guide to reading a candlestick chart
What Is Candlestick Chart? Basics Of Technical Analysis Candlestick Explained By CA Rachana Ranade
The Ultimate Candlestick Patterns Trading Course (For Beginners)
If you do google/youtube you will be getting tons of videos like this. You just need patients to learn from those videos.
Don't waste time, first try to develop your skill.
You have earned X2 profit from the result of the first trade. Thus diverting to trade in other coins and resulting in losses. Actually this is a natural thing for a trader, profit and loss is something that cannot be avoided. But you didn't say clearly which coin caused the loss, so I can't say for myself what steps to take. If I make a suggestion, if the altcoin you are holding is a potential altcoin, you should hold it for a long time. there is no need to panic with the downturn that occurs, but you must have enough patience to wait.
hello community members, am new in trading and run into problems recently with trading where i almost lost all my funds. i started trading with a single token i have made x2 profits within a week when i decided to trade another coin which from my analysis the coin have great potential because of it price at that time and that was the beginning of my lost.
what went wrong and what strategy will you advice i adopt that will help me in my future trading that will give good profits and minimize lost.
your views are appreciated.
Maybe try to trade in pair that can be more expected like bitcoin. Because in future we don't need all day to gain any pnl in our trading activity. I think my suggestion so far is like that because OP said that he already made profit, so he know how to do future trading. Maybe only way that we can suggest is pick right coins or at least safer coin to trade in future trading. what went wrong and what strategy will you advice i adopt that will help me in my future trading that will give good profits and minimize lost.
your views are appreciated.
hello community members, am new in trading and run into problems recently with trading where i almost lost all my funds. i started trading with a single token i have made x2 profits within a week when i decided to trade another coin which from my analysis the coin have great potential because of it price at that time and that was the beginning of my lost.
what went wrong and what strategy will you advice i adopt that will help me in my future trading that will give good profits and minimize lost.
your views are appreciated.
what went wrong and what strategy will you advice i adopt that will help me in my future trading that will give good profits and minimize lost.
your views are appreciated.
For me, it is important to choose the best coin, learn how to trade and hold your coin specially when you are not earning but getting more losses. Crypto price is not stable so it is important to understand it and do not panic.
hello community members, am new in trading and run into problems recently with trading where i almost lost all my funds. i started trading with a single token i have made x2 profits within a week when i decided to trade another coin which from my analysis the coin have great potential because of it price at that time and that was the beginning of my lost.
what went wrong and what strategy will you advice i adopt that will help me in my future trading that will give good profits and minimize lost.
your views are appreciated.
what went wrong and what strategy will you advice i adopt that will help me in my future trading that will give good profits and minimize lost.
your views are appreciated.
For me, it is important to choose the best coin, learn how to trade and hold your coin specially when you are not earning but getting more losses. Crypto price is not stable so it is important to understand it and do not panic.
I still not understand yet how to read and make chart, maybe the only me faced problem with how to mark chart where have support entry to buy, but I am always checking with coin want to buy and see price day by day. When lower price coming this time to buy without read about chart because I am not understand yet there.
hello community members, am new in trading and run into problems recently with trading where i almost lost all my funds. i started trading with a single token i have made x2 profits within a week when i decided to trade another coin which from my analysis the coin have great potential because of it price at that time and that was the beginning of my lost.
what went wrong and what strategy will you advice i adopt that will help me in my future trading that will give good profits and minimize lost.
your views are appreciated.
So you have invested all of your funds in one coin! It was a great mistake, Most of the people do it and lost their money on the trade. Remember, Dont put all of your eggs in one basket. You can't survive in trade in this way. The main reason for this loss you did not manage your risk. It's very important to manage risk in crypto trading. I will suggest you try to read some articles regarding Risk management. You can also watch videos on youtube. what went wrong and what strategy will you advice i adopt that will help me in my future trading that will give good profits and minimize lost.
your views are appreciated.
Here is some video/article regarding Risk management:
1) Money & Risk Management & Position Sizing Strategies To Protect Your Trading Account
2) Risk Management - Technical Analysis Series
3) Risk Management and Position Sizing (Simply Explained
4) Risk Management: The Essential Tool For Day Trading Profitability
5) Risk management part 1 (Twitter post/article)
6) Risk management part 2 (Twitter post/article)
I think the problem here is with your analysis. Although I agree that no one can make correct predictions but if you lost all your funds that simply means that your analysis was not even near. Try to work on that.
No one can create the right strategy in the first attempt. It is created through re-evaluation. Analyzing your mistakes and making required changes will help you improve.
hello community members, am new in trading and run into problems recently with trading where i almost lost all my funds. i started trading with a single token i have made x2 profits within a week when i decided to trade another coin which from my analysis the coin have great potential because of it price at that time and that was the beginning of my lost.
what went wrong and what strategy will you advice i adopt that will help me in my future trading that will give good profits and minimize lost.
your views are appreciated.
what went wrong and what strategy will you advice i adopt that will help me in my future trading that will give good profits and minimize lost.
your views are appreciated.
Trading is risky and we can't avoid the fact that there is no perfect trading, everyone of us experience a lot of loses in trading but we need to continue to discover new strategy to earn profit and not to lose. My trading strategy is very simple, just buy low sell high with a good coin in the market. Trading also needs patience and try to learn the price and graph movement.
hello community members, am new in trading and run into problems recently with trading where i almost lost all my funds. i started trading with a single token i have made x2 profits within a week when i decided to trade another coin which from my analysis the coin have great potential because of it price at that time and that was the beginning of my lost.
what went wrong and what strategy will you advice i adopt that will help me in my future trading that will give good profits and minimize lost.
your views are appreciated.
Maybe at first, if you tell us you almost lost all your funds it means in every trading you put all your money. Maybe that thing need to be changed first. If you get x2 profit, i think you can use only your profit to do trading again so you have back up when your prediction missed. Maybe that is first that you can do in future.what went wrong and what strategy will you advice i adopt that will help me in my future trading that will give good profits and minimize lost.
your views are appreciated.
Trading some times work and get you huge profit.But for that,you need to hold for the longer period as much possible.Sometimes you may lose 70 percentage of investment.Time define the profit.Holding people get huge profit all the time.Some people loss by doing panic selling.
hello community members, am new in trading and run into problems recently with trading where i almost lost all my funds. i started trading with a single token i have made x2 profits within a week when i decided to trade another coin which from my analysis the coin have great potential because of it price at that time and that was the beginning of my lost.
what went wrong and what strategy will you advice i adopt that will help me in my future trading that will give good profits and minimize lost.
your views are appreciated.
An example of how to correctly predict the price can be seen here. I would advise you to write your question to them in the comments, I think they will name the tools with which they make their predictions. what went wrong and what strategy will you advice i adopt that will help me in my future trading that will give good profits and minimize lost.
your views are appreciated.
I think, You need to now profitable trade. It's surely you need to know about trading. You make first trading so truly you need good trading signal.Then you can make you first deposit for trading. Trading with valuable coin and make good profit (2x) total.
I firmly believe that if trading signals are not a good strategy, it may be profitable, but for how long? Are you sure trading signals can give you consistent profits? I doubt that. Trading is about understanding our own potential and abilities, and the OP is very visible if as a trader he has not found his potential and abilities, learning from mistakes is the best way to solve the problem, not trading following trading signals.I think, You need to now profitable trade. It's surely you need to know about trading. You make first trading so truly you need good trading signal.Then you can make you first deposit for trading. Trading with valuable coin and make good profit (2x) total.
I firmly believe that if trading signals are not a good strategy, it may be profitable, but for how long? Are you sure trading signals can give you consistent profits? I doubt that. Trading is about understanding our own potential and abilities, and the OP is very visible if as a trader he has not found his potential and abilities, learning from mistakes is the best way to solve the problem, not trading following trading signals. - Learn to use some analysis indicators, such as MACD, RSI and other technical indicators, can be used to analyze price trends during trading.
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eXch.cx - Automatic crypto Swap Exchange.
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I think, You need to now profitable trade. It's surely you need to know about trading. You make first trading so truly you need good trading signal.Then you can make you first deposit for trading. Trading with valuable coin and make good profit (2x) total.
Read the OP again to get the message of the OP, he isn't saying he doesn't know how to trade instead trying to get what went wrong with his trading strategy. Already he has previously made profits in other trades he has executed and was successful but just trying to know exactly what he did wrong in this one, which he has from his follow-up discussion on the thread. You advice is totally wrong. A professional trade you say, how do you know if they're professional trad e (if there's even anything like that).
Basically you're just relying on a random users you see offering the said professional signal service without even knowing if what he says is true. Firstly the industry is full of fakes so in every 10 signal service provider you see out there, atleast five is total scam which they don't have any intention of providing the service they claim to be providing but just there to scam users. Out if the 5 remaining, 3 don't know what they're doing, the said professional can't even read and interpret charts but just relying on the power of their audience to pump and dump tokens.
The other 2 which could be doing the real thing in terms of providing signal could have other motive behind their service like shilling certain project for their selfish gains.
- Learn to use some analysis indicators, such as MACD, RSI and other technical indicators, can be used to analyze price trends during trading.
- To learn more about trading knowledge, many traders will lose their investment portfolios because of lack of knowledge. Sufficient knowledge can drive success.
- Don't panic about the decline in the price of the trading currency. Loss of funds is part of the transaction and should be accepted as a normal trading behavior. Trading with a wealth of experience will avoid the same mistakes and reduce losses.
- When the currency price rises or falls sharply, stop the profit and stop the loss in time.
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