Topic: The hard Truth - page 6. (Read 1930 times)

For this, I really support the idea of margin trading. This never let you down rather you might be having fantastic results at end of specified tenure. You already know how you would be getting good profit ratio. You have a limit and you would never going to cross it. Otherwise, yes there are problems associated with other methods and often greed comes into play.

The notion that you could be wildly successful trading cryptocurrency in a very short time is erroneous and faulty.  Cryptocurrency trading market is just like any other market where you have to learn and follow success principle like persistence,  endurance,  discipline and the workings of the market before you can attain success.

Exactly. Usually traders are greedy for the market, want to catch big fish so wait for the price is go up without knowing how to turn and withdraw. They need to learn more to understand the volatility of the market.

The fact that more than 90% traders lost their money on crypto is really true because the market is really unstable, and most of traders dont learn about charts so they can lost their money easily.

The harsh reality is that you will find so many individuals who start their trading carrier and that after sometime, they find it extremely difficult to manage the things in a better way and that they end up quitting trade. It is much better to get into the world of trade a little late than to leaving it while getting earlier. You need to work harder to polish your skills before you take up this challenge.

it is challenging to survive in the market especially if we are not learning what is happening in the market. this is not just happening with the new trader, but this was also happening too with the pro trader. as long as we can learn something from the market, I think we can survive, and we can still make a profit. you can try to analyze the market every day, and I think it does not take too long to determine that if this is a good time to enter the market or to stay for a while and not doing anything. your feeling will be involved in the situations, and you can know what you need to do next.

For now I am not only learning the basics of trading such as reading the chart, choosing coins to buy carefully, discipline is not up to impulses due to pumps and dumps, we also have to learn how to recover what is missing. here, everything will change in the nearest future and will be able to benefit from this.

I think it's not that often that people actually get the right timing. Even when you're already in profit, it's normal to wait for the value of the coin to further increase thinking of maximum earnings. This thinking usually turns profit into losses.

It feels like 2018 is one of the hardest year for all the people who are involved in cryptocurrency, because all them people who I know personally are involved in every aspect, are constantly losing their money.

That's very true which is why it takes time to become a good trader because the risks are high but by knowing your stuff you can minimize those which is not the case in gambling.

Right.Do not overthink about trading.You will still gain profit just by simply following the basic rules about it.Just learn how the market moves and follow its flow.Because if you keep on trading without the right timing,this will make you lose in the end instead of gaining big profits.

Talking about rules, here are some that should be embrased
1. Only invest what you can lose: it’s safe to assume that this is the most important rule, the rule to rule the rules. As soon as your money is converted into cryptocurrency, consider it lost forever. There is absolutely no guarantee you can get it back. Losses don’t simply come from dips in the market; extraordinary factors such as hacks, bugs, and government regulation can mean you’ll never see any of your money again.

2. Never put all your eggs in one basket. Diversify
3. Don’t be greedy
4. Don’t invest blindy
5. If you are doing any active trading, set stop losses: For any coins not in your medium or long-term holds, always set stop losses. This is important for several reasons — the most obvious is mitigating your losses.

While these rules are by no means the only lessons you need, they’re definitely a great starting point. Sometimes, though, things are easier said than done, such as watching your portfolio value plummet and still having the iron willpower of resisting the sell button. One of the best solutions I’ve found to this was to join a community of like-minded cryptocurrency investors. Educated and smart crypto-traders, as well as the community members, will all be there to support your efforts and will be holding with you in the rough times.

It's no news that cryptocurrecy is volatile, and in order to be successful, there are some strategies that must be applied. However, the base line is to stick to the basics of trading. The simple things means the most. Also, you need to develop some tactics for your trading. Trading is personal, you can learn from others and stick to the basics, but don't copy directly, develop your own methods. Above all, emotions must not be allowed to play a big role in trading. If you put all these together, I.e; Developing your startegies, Sticking to the basics, Knowing yourself and Using your head instead of head emotions. You on the path to being successful in crypto.

yes, some broke because of margin, some broke because of overtrading, some broke because of hack, and many other mistakes they make in other ways. People will always lose money in trading, because mainly of greed.

Trading is actually the same as gambling but with lesser risk and you will always have a chance to get back your investments depending on how the market runs, this is the reason why people is still keep on investing.

this is very natural and I don't doubt the truth. The average new trader always loses, even after a long time is also still experiencing losses. Trading in my opinion is almost like gambling, profit and loss will make us feel curious and want to do it again. Especially new traders who do not understand technical and fundamental analysis. After they find out, they will still be curious to practice it directly. And another big problem is they can't wait to do hodling and prefer to cut losses so they will be mocked by the market situation.

It could be awesome if you can back up with some interesting data on your numbers you have mentioned. 90% is pretty unbelievable even for a volatile market like the cryptocurrency market. Like you just have said you are self-though which maybe you are just assuming some rough estimates regarding on what you just have watched based on what you said. To begin with you don't really need to start trading in the market especially if you don't have any experience trading with other markets such as the stock market as the crypto market will really eat your capital alive. Remember that education comes first before risking your money in any kind of investment.

Actually thats true buddy. Trading is one of the most hardest part this is  really gambling of course you need to gamble in order to win but losing is part of the game you must expect that but the true strategy that is very effective is to wait patiently.

To invest in this market is not as simple as people often leave the money to invest in waiting for the price increase will sell. This market is not easy to get such a profit. But if you are a knowledgeable person, this is the market that will make you profitable.

For beginner it should be like on that way but as your trade goes by you may learn how to do a winning trade. trading is not all about buying and selling but your mental analytical skills when to enter and get out in the market. patience and greed have a big factor for your success and fail in trading market.