Topic: Need help with trading - page 5. (Read 709 times)
thank you all for you suggestions and comments i really appreciated and still looking forward to more reply and advice's, to give more clarification about the token i started trading with hybrix coin and took good advantage of the volatility of the token early market and went on to trade on Basic attention token (Bat) before losing.
Losing funds is a part of trading.
You nailed it and this was the truth, even though experts in trading will experience losing funds because there's no infinite passive income in trading, there's sometimes a failure.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.
It's a coincidence I think, token will also give profit especially if it is newly launched on a good exchange platform. And when it's hyped and very trending in most communities, it will surely be pumped and have a chance to earn folded in how many times in profit but when later on, it will fade and becomes shitcoins/tokens. In short, knowing them and have further research you might ride the trend, but remember this is very risky in holding for the long term, you might earn in just a short time trading when it's on the hype. Improve your fundamental and technical analysis, these are the only way how to lessen your losses in trading.
Losing funds is a part of trading. Doesn't necessarily have to be much panic. You can't win always in trading and you should accept it as a normal trading behavior. I admit at the beginning most newbies losing portfolios due to lack of knowledge and you have to spend more time to learn more. Pumping price sometimes doesn't mean this coin is a potential coin. You have to research more before choosing a coin for trading. First of all, you have to choose a few coins and add in your favorite. Perhaps you may select ten pairs this way. Then trade from there in real-time. You have to decide what is the suitable time for trading. Just keep watch coins from your favorite list with patience. And enter in trade when necessary and exit as well when you have profit.
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.
Apart from adopting the use of stoploss that many traders avoid to use because they don't want to lose a penny (but losing is part of the business), I try to keep to what works for me. If you try using stoploss on the new coin you are coming of and you are not comfortable with that, then you forget it and move to a coin that works with your strategy for profit taking. Avoid taking unnecessary risk that don't work.
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.
It's possible that what works for me won't work for you. It's is up to you to try various techniques based on your risk appetite and work schedule. You should also think about how important it is to have proper bankroll management to avoid blowing up your account in a single trade.Determine your leverage, the percentage of your total bankroll you're willing to risk per trade, and your stop loss, among other things. Risking a large portion of your entire bankroll while still in the early stages of your trading career is a definite way to lose money. A 1-3 dollar deal would be a good way to test your trading accuracy while also establishing confidence in the market.
Furthermore, whether your past trades were profitable or not, re-evaluate them. This will allow you to determine which part is inaccurate, and tell if you have followed your trading plan religiously.
You can also watch COTTONCANDY TA's trading courses to give you an idea how trading works under the hood. I've been following him for over a year now and I still practice what I have learned on his videos for free.
[1] https://www.youtube.com/c/c0tt0nc4ndyTA/featured
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.
Most probably you've been in the wrong analytics which made you fail in the first place. Please share us here you projections so we could teach you what point you did a mistakes. If we're just talking here about your frustrations, there's nothing we can fix around but only your missery. Hopefully you'll add another details about your trading history or whatsoever can support your topic.
...your views are appreciated.
I would like to hear from you specifics about which coin you traded and which coin you chose for your new investment. Otherwise, we can only guess at the reasons for your failure in trading. The most common reason for receiving a loss is the fact that you bought a coin at a high price and after the correction, its price decreased several 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.
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.
If you have profited to that single token you mentioned where you profited x2 then why trade another coin, you just have to sick there and make it x10 or more.
If you have the strategy which keeps you wining a trade, there is no reason for you to move to some other coin, you will just be exposed to riskier tokens. And that is probably what went wrong.
Learn to use some indicators bro because it can help you to avoid losses. I mean not just one indicator because there's a lot of indicators to use when trading and they're very useful to be honest . By the way if yo want to learn i highly recommended "DATA TRADER" which is a youtuber because for me he's very professional and his videos are very informative and so easy to understand as well.
Ps. Don't forget to learn how to use stop loss because its the most important to prevent massive losses.
Ps. Don't forget to learn how to use stop loss because its the most important to prevent massive losses.
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.
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