Topic: trade makes me poor - page 11. (Read 3480 times)
I have lost much more tha you in trading.. But the point is that we go into trading not setting our target right. Another thing is greed. You might see a little profit in trading and still leave the trade expecting a higher one. That's where we get burned most times. I say this cos I have been there and once I set my target in a trade now, I leave it at that.
I know how it feels, i have also tried trading many times, even if you succeed at the start there will eventually time when you will either get stuck in trades or make massive losses while trading, so always take low risk strategy and never open too many positions and also try to take small profits whenever possible.
Are you frustrated when you experience defeat in trading? yes I experienced this ... I have lost $ 1000 dollars in the past 2 hours ... I did not switch with another coin and I just focused on the initial coin. but in fact I was still losing, in my opinion trading was not much different from gambling.
If you do not know how to trade then why trade without skills ? you need to learn this business , as I myself for about a year only lost money but after I was trained and had at least some thoughts on the account of growth.
I think you are getting too much addicted which make you a gambler and not a proper trader. A decent trader will have a basis for every coin or token he or she intend to trade. The best way is to have a target and probably a very possible one. No matter how small it is. It is something do not just rush to buying just because a particular token just went up without you knowing the reason behind that. Do your own research and invest wisely. Sometime I may not make more than $50 in a week but I'm satisfied
I can understand that feeling. Really sorry for your loss. I lost many bucks on trading when I was new to this market. Now I only do long term investment or sometimes some mid trading of I was sure about that. Trading is very profitable if you are a professional and if you have great knowledge about the market. And sometimes it's luck. After losing so many bu ks a off day trading. It will better if you take some time and do more research and return stronger.
trading with large capital is very high risk for someone who does not have enough knowledge in trade, but besides that you have got a new lesson from the initial failure. and make the experience better for the next day. my advice, don't rush to take part in trading if you don't have enough knowledge.
Are you frustrated when you experience defeat in trading? yes I experienced this ... I have lost $ 1000 dollars in the past 2 hours ... I did not switch with another coin and I just focused on the initial coin. but in fact I was still losing, in my opinion trading was not much different from gambling.
i know that feel mate, there is no trader who suddenly becomes great everyone has suffered losses. I guess you should start learn trade per risk so you don't experience another big loss next time. and also don't to use large capital if you don't understand technical analysis or fundamental analysis.
Many people say that trading can easily benefit. This is what we have to understand, that not everyone when trading immediately gets rich. Because the trade certainly has a strategy in everything that is done. It's not arbitrary to buy altcoins and it must be remembered that good trading is trading in several altcoins, not just an altcoin.
Are you frustrated when you experience defeat in trading? yes I experienced this ... I have lost $ 1000 dollars in the past 2 hours ... I did not switch with another coin and I just focused on the initial coin. but in fact I was still losing, in my opinion trading was not much different from gambling.
It's a pity that a loss with a large enough number of $ 1000,Supposedly with such a large number, we must be careful in trading, we must have a mature strategy and sufficient experience.Maybe I think we should start with small numbers first so that the losses are not too big
and the movement on the market really made me not sleep well.
I'm seeing if you can't make the right decision about taking care of your health, you won't last in trading. We trade to make money, and we make money to enjoy the money, we will not be able to do that if we are not healthy anymore before of trading.
Proper balance is very important, don't put all your life in trading alone as definitely it's not our whole life in this world, we have our family and friends which also needs our time.
Are you frustrated when you experience defeat in trading? yes I experienced this ... I have lost $ 1000 dollars in the past 2 hours ... I did not switch with another coin and I just focused on the initial coin. but in fact I was still losing, in my opinion trading was not much different from gambling.
It's a pity that a loss with a large enough number of $ 1000,Supposedly with such a large number, we must be careful in trading, we must have a mature strategy and sufficient experience.Maybe I think we should start with small numbers first so that the losses are not too big
Are you frustrated when you experience defeat in trading? yes I experienced this ... I have lost $ 1000 dollars in the past 2 hours ... I did not switch with another coin and I just focused on the initial coin. but in fact I was still losing, in my opinion trading was not much different from gambling.
You're right my friend, only 5% of people can earn money on trading, rest 95% are just losing them because of poor experience and no strategy. For most people, holding strategy is better, because to start gain money on trading, you got to lose a couple of deposits:)yes holding is the best strategy and also safe unless you hold a coin potentially not with a dead coin. trading is also one of the best ways to get profits quickly and vice versa, but if someone has never traded and only relies on long-term investments someone will never know what trade is.
Are you frustrated when you experience defeat in trading? yes I experienced this ... I have lost $ 1000 dollars in the past 2 hours ... I did not switch with another coin and I just focused on the initial coin. but in fact I was still losing, in my opinion trading was not much different from gambling.
You're right my friend, only 5% of people can earn money on trading, rest 95% are just losing them because of poor experience and no strategy. For most people, holding strategy is better, because to start gain money on trading, you got to lose a couple of deposits:) Trading is not everybody job firstly . It does require a good skill and experience to trade successfully else you might end up losing all your capita if you trade in a worthless or sinking coin . Also initially trade with limited capital which you can afford to lose .
then where do we get those experiences and skills? just by trying we will get it. by trying small trade and we have to understand we can just lose, so start with small capital. after we begin to understand trading in the market we can start with a larger capital.Trading is not everybody job firstly . It does require a good skill and experience to trade successfully else you might end up losing all your capita if you trade in a worthless or sinking coin . Also initially trade with limited capital which you can afford to lose .
then where do we get those experiences and skills? just by trying we will get it. by trying small trade and we have to understand we can just lose, so start with small capital. after we begin to understand trading in the market we can start with a larger capital. Are you frustrated when you experience defeat in trading? yes I experienced this ... I have lost $ 1000 dollars in the past 2 hours ... I did not switch with another coin and I just focused on the initial coin. but in fact I was still losing, in my opinion trading was not much different from gambling.
yes, trading is gambling and investment is the same. But to increase the probability of winning, we need to cultivate more knowledge. Newbies like us all encounter failures at the beginning. Don't be discouraged, get up and continue learning. we will be rich soon.Yes, I agree with you. I have been trading for about two and a half years, and now only I have started to get something.
Without experience, you can make a few good deals, but most likely later to lose everything. You must be prepared for this.
I just learned to trade crypto. although I have known for a long time, I just started trading about 2 months ago. trade with the big profits I make on bitcoin. and the movement on the market really made me not sleep well. but right after I stopped the market, I went down and was really lucky. Without experience, you can make a few good deals, but most likely later to lose everything. You must be prepared for this.
The wrong way of trading will indeed make you poor, therefore study first before you start trading so that you avoid losses and minimize the poverty that might occur.
yes, most beginners lose large sums of money because they don't have extensive knowledge about trading, they just want to get big profits but don't think about the risks. I think before we trade we need to learn about how to observe the price of coins and also regulate attitudes, both patience and emotional levels within us.
Are you frustrated when you experience defeat in trading? yes I experienced this ... I have lost $ 1000 dollars in the past 2 hours ... I did not switch with another coin and I just focused on the initial coin. but in fact I was still losing, in my opinion trading was not much different from gambling.
yes, trading is gambling and investment is the same. But to increase the probability of winning, we need to cultivate more knowledge. Newbies like us all encounter failures at the beginning. Don't be discouraged, get up and continue learning. we will be rich soon. Trading is a mechanism for profit. But as in life you need to know what to buy and what to sell. There are also risks of falling prices. This is a complex topic and newcomers here will only lose money. Whole problem. I heard that on average about two years you need to trade. To reach the minimum profit.
Yes, I agree with you. I have been trading for about two and a half years, and now only I have started to get something.
Without experience, you can make a few good deals, but most likely later to lose everything. You must be prepared for this.
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