Even a professional trader may also experience losses in trading. Trading is risky, that is why we must be ready for the risks. However, although we are ready, we must also struggle to minimize risks themselves.
Yep, sometimes, people have different ways to trade. People may also have certain cryptos that are favorite to trade because of having to know the coin cycle, chart, and also movement. Sometimes, people will also trade based on the fundamentals news at that time. or, it will also be based on the time frame analysis of each coin itself. I personally will prefer to trade coins that I really know, not willing to try other coins before analyzing them based on the chart and also cycle.
Topic: Need help with trading - page 4. (Read 680 times)
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.
Well just by what you are telling us I see many problems, the fact that you invested in a coin that gave you 2x within a week and then you invested in another coin and you lost almost everything is telling me you are taking huge risks when you are investing, you need to take it slow, get out of the markets for a few months before you make even a bigger mistake and use that time to learn more about the markets and only once you have learned more then you need to select coins like bitcoin and ethereum, and only invest in those two coins until you can prove to yourself that you can be profitable with them. 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.
Losing is part of the trading. That doesnt mean you'll gonna give up on it. Good thing you are eager to learn and decided to continue. Learn more abouy technical analysis where it teaches you when to buy or sell your coin. The indicators will helps you a lot to spot a good entry point.
Also, if you'll have a good plan like setting stop losd and what % profit will you set, your trading will have a good success rate.
Also, if you'll have a good plan like setting stop losd and what % profit will you set, your trading will have a good success rate.
Why the sudden switch? You are already making some profits on the first, you should've continued it and make the most out of it first.
When you do, that's when you try to switch with a capital higher than your first entry.
I bet you tried the high-risk, high-profit motto which is not how it really works.
All you could do now is try to recover it without forcing your way. Go back to where you started make some profits there and try to achieve ROI or better profits again.
When you do, that's when you try to switch with a capital higher than your first entry.
I bet you tried the high-risk, high-profit motto which is not how it really works.
All you could do now is try to recover it without forcing your way. Go back to where you started make some profits there and try to achieve ROI or better profits again.
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.
Future trading does have a higher risk compared to spot trading.your views are appreciated.
I am also a beginner, here, fund management and risk are very important.
Usually, I only use no more than 5% (often only around 2-3%) when it will install a margin in future trading.
So when the funds are also lost, it will not lose too much.
In addition to the management, we can also see in the time frame (different traders' different strategies, can be by looking at TF 4 hours, 1 hour or minutes). This is to see the increase chart and decline.
Plus I usually see the lowest and highest prices before. Then, check indicators in more detail, this might be difficult especially for beginners, I also feel that way, but it's okay if you want to learn more.
Well following the news that can support DFundamentals also need to or there is FUD at that time. This can also influence.
Note :
Different people have different strategies, so wear the most right for you.
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.
When going to trade, you must know the capacity you have, such as knowledge and experience.your views are appreciated.
If you are a beginner with little experience and knowledge then don't take too big a risk, even at this position you are better off not trading and it is better to spend your time studying first before trading with money.
But if you really want to trade, then the way to minimize your risk is to trade on coins that have a large market cap and are ranked in the top 10 in CMC, the reason is because coins that have a large market cap are very small to manipulate and the price movement is not too volatile, so you can minimize the losses that will occur when you predict the market wrong, but of course trade management will be your next key.
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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.
your views are appreciated.
Over confidence that's what went wrong. You did so well in the other trade that you felt like a professional and decided to take more risk for higher returns which backfired. You only picked that coins because of its price that's what I understood from your words. Glad you understand you made a mistake and now seeking solutions, that's a great step as many don't realized this until it's late. I'll advice you go back to the drawing board to see what went wrong.
After profiting from your previous trades, did you keep back some funds or reinvested everything into the other trade that didn't go as planned? Did you increase your risk without considering that the trades mightn't favor you as we just found out. These are the things you need to pay attention to. Greed kills many potential professional traders before the achieve their full potential.
You have to watch your emotions before entering a trade, don't get too over excited form your previous trades and do understand that a past success doesn't guarantee the future success. Also do understand that the market hasn't been favourable for the past week so something it might not be you but just situation you can't control.
My assumption in your loss is that you got screwed over by some sort of a shitcoin that hypes up their prices and deceives other people so the people that created the coin or have a lot of stake in the coin gets a lot of money out of the other people who are late to the party. I don't think that this assumption of mine is original because I believe that others think that it's the case.
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.
use stop loss everytime you trade because it the most safer strategy when it comes trading.. Even you know how to use different indicators it's still useless especially if the market is so volatile.. So bear it always in your mind to protect your money.. Indeed through youtube you can get some specific information what are the proper ways how to execute it in the graph. 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.
You made 2x profit in a week? Sounds too good to be true for a person who is new to trading. Maybe you got lucky and that is where you have gone wrong. Luck will not help you with every trade.Quote
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 would like you to first answer the question I asked above.your views are appreciated.
However if a certain coin has given you 2x profits, you should exit and sell, provided you are newbie who made their first big profit. You have no lost your funds if you are spot trading, I believe you are margin trading?
If so, please read more and learn about margin trading first before taking any chances in it. It is not for newbies and even veterans struggle in it, because it is a type of gambling only.
You should make amends to improve your trust rating.
Base on your statement you already got profit but having mistake you losses all your profits. I guess it's better if you have a trading plan and learn the fundamentals of the trading which is suitable for yours.
There's no perfect trader sometimes we lose on our trade and always learn from those mistakes. If you identify the mistakes try to analyze them. The best idea is to learn different trading techniques and strategies such as trading patterns, candle sticks, and more. You don't need a coach most of the traders here learn by themselves.
There's no perfect trader sometimes we lose on our trade and always learn from those mistakes. If you identify the mistakes try to analyze them. The best idea is to learn different trading techniques and strategies such as trading patterns, candle sticks, and more. You don't need a coach most of the traders here learn by themselves.
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.
At least tell us what you did, you can't exactly expect us to know what's wrong without knowing what you actually did right? And ngl tbh, losing is PERFECTLY normal in trading. You said you analyzed it but still lost? Then that's where the wrong part is, your analysis was simply wrong. As for how it was wrong, well just compare what happened to what you expected to happen, then derive it from there. Understand the factors involved, and if it's still missing something, find it. That's pretty much the only thing you'd do as a trader, rinse and repeat. 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.
At least tell us what you did, you can't exactly expect us to know what's wrong without knowing what you actually did right? And ngl tbh, losing is PERFECTLY normal in trading. You said you analyzed it but still lost? Then that's where the wrong part is, your analysis was simply wrong. As for how it was wrong, well just compare what happened to what you expected to happen, then derive it from there. Understand the factors involved, and if it's still missing something, find it. That's pretty much the only thing you'd do as a trader, rinse and repeat. your views are appreciated.
You've barely stated your case properly and your here asking what went wrong @OP. For all we know or I know, you lost on a trade and its normal for everybody. Especially for a beginner trader to lose more often and in some rear cases, make profits.
I don't mean to discourage you but, if your yet to blow your account or should I say, have all your funds wiped out by the market, you haven't even started trading! Your yet to experience the bitter aspect of it all. Its in that, that you get the most experience, you feel the desire to always have a solid ground about your position on the market and also how to guide against unexpected events.
For you to know hiya really went wrong in your trading, you have to explain more and maybe on your own, try retracing your steps through your analysis, events of the time and your approach to the market.
I don't mean to discourage you but, if your yet to blow your account or should I say, have all your funds wiped out by the market, you haven't even started trading! Your yet to experience the bitter aspect of it all. Its in that, that you get the most experience, you feel the desire to always have a solid ground about your position on the market and also how to guide against unexpected events.
For you to know hiya really went wrong in your trading, you have to explain more and maybe on your own, try retracing your steps through your analysis, events of the time and your approach to the market.
Crypto is unpredictable even me made some mistake buying coins/token that I know it has some potential but in the end, I lost but I can minimize the lost by using the stop-limit.
What you need to do is learn how to use stop-limit to avoid losing much while holding them.
I would suggest you check this awesome link below to learn more about trading from basic to technical analysis including free and paid tools.
- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading
What you need to do is learn how to use stop-limit to avoid losing much while holding them.
I would suggest you check this awesome link below to learn more about trading from basic to technical analysis including free and paid tools.
- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading
I think if you've been profitable with your current trade, stay where you are and keep doing the method that you've been used to. And when you have seen that you're starting to incur losses with that strategy, it's time that you have to test your method into other pairs. But what you did is the opposite, despite you being profitable with that trade, you have already jumped into another pair and that made you into a loss. How about going back to that profitable trade that you've done before?
Once you've made some profits you should keep at least half of your assets in Bitcoin & Ethereum, that way you never lose. The other 50% is for riskier assets which you might get lucky on. If you're new with trading then don't go lower than the top 50 assets or you will end up seeing red and going red 
Trading is a game of wins and losses. Every trader losses some trades at some points. The goal is to keep the win rate at least higher than 50% plus a good risk management strategy. Always gave your stop losses on, no matter how obvious the trend of the coin seems to be.
Lastly, don't give up. Keep learning new things such as indicators, strategies and trading techniques. Your persistence will finally pay off at one point.
Lastly, don't give up. Keep learning new things such as indicators, strategies and trading techniques. Your persistence will finally pay off at one point.
For day trading, I prefer to trade on coins that have large caps. to trade on new coins is indeed very difficult to predict, because it seems that there is no need for people like whales to be able to move the market. therefore you can trade on bitcoin mainly, unless you are a person who likes speculation, as you are doing now
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
How did you get x2 profits? From gamble and luck or is it from your careful investment or trading? If the answer is gambling and depending on luck, the ending is reasonable.Even if you made your first successful trade from careful decisions, if you can not control your emotion, you will make wrong decisions after that.
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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.
It's always like this. A great success is the beginning of a great failure. When you win big, you should stop and stay outside the market for a few weeks.Quote
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.
your views are appreciated.
- Win big, should stop
- Win big in streak (a few continuous big wins), must stop
- Lose big, should stop
- Lose big in streak (a few continuous big loses), must stop
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