Topic: should i continue trading ? - page 19. (Read 26096 times)

Did you enjoy your time as a trader?
Did you miss a job during these 2 years?
Do you still have money for living and trading?

If your answers are Yes, No, Yes I would definitely give it one more chance.

I think one common difference between a losing trader and a winning trader is that a winning trader can accept a losing trade and also minimize mistakes. The winning trader takes rational actions while a losing trader takes emotional actions. Read more about how to avoid the most common trading mistakes here: https://www.cryptocointrade.com/education/avoid-cryptocurrency-trading-mistakes/

Very good thinking mate I am really happy to see that you are detained and hopeful about your investment in bitcoin.  Now a day trading is getting powerful same as investment so try to invest whenever you get the chance and trade for long term. This fall is just so temporary mate soon you will see with your eyes everything getting normal again.

I dont really understand why are you loosing while trading for two years. trading need big knowledge and practice and i dont know how good you are in this and that why i cannot tell you why you are loosing and give you advice quite or not trading, but i hope my experience will help you a little.

i am poker player and i am playing very often and every time i am playing it for fun or like a sport and i am not just trying to win much money faster, i am winning almost every time, but every time i have no more money and trying to win some, with my last cents, i am loosing.

i want to tell that psychological factor is one of the main thing, when you are doing something: if trading is your main income and you havenot any other job, it will be very hard to make profit, because every time you are losing, its impacts on your nerves and you are trying to win more and more to return your lost, as soon as possible and its make you lose everything. But if you will make trading like a hobby and will trade for fun with the money, witch cannot harm you, when you lose it, you will reach better results.



i hope i was understandable

wish you more luck and big profit...

(p.s please dont tell me that poker and trading isnot the same and its difference, because in this situation, i have written, i am 100 % sure they are the same, if you are doing it like pro, and not just like trying to be very lucky and become rich in 1 or 2 hour ),

On the contrary, I think this the best situation of the market in which one can get better experience about how extreme the market fluctuations and manipulations could be, trading in this sort of market situation is riskier but I also it will provide better exposure and knowledge to traders, with experience in this kind of situations, traders will be able to thrive in any market condition.

depending on only trading income is very difficult it will effect your emotions and psychology too much, good thing is you are making profits continue and make more profits good luck 

Actually it's not about luck dude. if in a long time you don't make a profit at all in trading. then you have to look in the mirror.
do you have skills in trading? do you have passion in trading? ask yourself about that. because there are always reasons for losses

Unfortunately, not everyone has the predisposition to make money on daytrading. It's possible that you have spent too little time analyzing, or just missed out on luck. Anyway, if after two years you do not achieve positive results, it is better to invest in a long-term or try on less risky markets than cryptocurrencies.

Maybe he need to spend more time to learn about trading because it's hard to believe that we cannot get any profit since 2 years especially we know bitcoin price and altcoin price increased higher in 2017. So I think he can gain bigger profit in that year but it could only happening if he leave the market too soon so he cannot see when the market increased. I think he needs to be patient because the market will rises again and in that time, I am sure he can make a profit too.

From the look of things its like you rushed into trading, well I will advise you to take a short break and come back to search for a very good strategy, of course there a lot of them just Google search them having done that registered to an exchange which features demo  I.e practice platform where you can demo trade your choosen strategy until you are able to make profits consistently before going live again.

Not sure why after 2 years you still don't have any profits after several try, or maybe you have some successful trade but on your overall venture you are not too lucky to gained, if you are pursuing to this career you need to assess more, knowing how to place your entry in the right timing by following more news and influence regarding to the coin you like to buy, and also study the potential and when to sell and best not to be greedy even little profits counts.

if I continue to trade, because my daily needs depend on my trading, if I don't trade I can't eat, indeed  looking for profits in the trading market is very difficult, the most important thing is to be patient

I think people who don't have experience it is very good to stay away from the market due to fluctuation we are facing will make you lose patience and start selling them for loos. So it is good to stay away from the market if you don't have any experience towards trading.

Finding a decent job will not give you a passive income but instead making a business will give you that. Having a job will just give you an incentives of your hard work and it is not enough but still it is a good way to earn and make an investment for him to grow in the future.

Well mate I think you already have good knowledge as much as is needed for reading and this journey must taught you how hard it is to earn. You should not stop it because now you have almost know whole skills of trading and you can easily get huge amount of profit. So don’t stop this journey just follow the right time.

With such large price changes, trading is extremely difficult, so it's better to wait until the situation calms down. However, if you do not have much experience, you'd better leave the crypto and try on a more stable fiat currency market. If you really want to stay with the crypto, then invest in the long term, it is now the safest solution.

You dont seems to understand that the time a crypto trader or investor enter/exit  the market is very vital and it what determine the profitability of a crypto trader or investor. In addition, I believed this is the major problem which leads to Coolman losses and I think he need to work on what I said and the coins to invest in.

If you have a passion to become a traders in crypto trading, I think you won't ask that question for sure. Due to that a matured traders are a

real risk taker, motivated in positive ways, they will do whatever it takes to get their goal in trading industry.

If you want to earn passive income then you should now stop trading for you to find a decent job. Trading is for only people who have courage and hope. If you now lose your confidence as a trader, then it is better if you will search for another job.

Day trading is not easy, there are many obstacles that must be faced and in my opinion a falling market or bear market is a big problem, maybe a factor in the market conditions that make you lose, so try to learn more things and try to share opinions with fellow day traders. You can find several groups with the traders community in it.

i didn't have much funds for investment so i was doing day trading only , i did invest little in 2-3 coins which also went in loss

i do have improved in trading many of traders who i chat with say that i have good knowledge of technical analysis , but my psychology is very bad and i dont know how to improve that even after reading books and watching some video and practicing it i could not control my emotions , if someone trade based on my analysis e will profitable but if i trade the same i lose  
after that i did search for my mistakes for this i found that i was too concern with my money if trade goes against i was not able to control my mind , if i saw that red number my mind was going crazy