Topic: trade makes me poor - page 12. (Read 3480 times)
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.
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.
In my opinion, i believe the only difference between gambling and trading is that in trading you take CALCULATED risks. You can gain in trading if you know your way around it. I would have suggested you use some automated trading bots with minimal risks like that of Dropil. Trading can be very stressful (even emotionally) i agree 
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.
Trading is indeed synonymous to gambling if you are doing it without any basis at all, or if your sole basis is your mere gut feeling. That will bring you nowhere. I haven't experienced that so huge a loss in so quick a time even when I was a newbie. Here are my questions to you:
- Why didn't you start with a small amount?
- Why did you remain loyal to a single coin?
- Why did you even start trading without learning the methods and the strategies first?
Trading isn't kind of lucky spinner. You won't get any further by relying on your luck.
It makes you a fortune or make you bankrupt. If you really wanted to do trading, why not go for demo account first and make yourself familiarize with the dashboard and some technical analyst.
I am not really good with trading either, but I am not so bad also.
It makes you a fortune or make you bankrupt. If you really wanted to do trading, why not go for demo account first and make yourself familiarize with the dashboard and some technical analyst.
I am not really good with trading either, but I am not so bad also.
Yes, trading makes me poor, in 3 days I almost lost as much as $ 500, the altcoin price that I have is decreasing, is this because the effect of bitcoin is falling?
when will it improve?
when will it improve?
if your predictions going wrong, you should cut your lost short buddy
find out on youtube or others source how to trade before you start trading
regards
Learn how to trade first before trying out trading, you can't just trade if you got to training at all,there is assurance that you will throw your money away
I've been burned big time back when I was more of a noob, that's why I stay away from trading. I try to focus more on investing instead of putting money here, then there and hoping that I will succeed.
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.
Trading can provide big benefits but it is also very risky if we do not have trading skills. Trading skills require technical analysis and also discipline on the implementation of the strategies we make. Because I don't have good trading skills, I prefer to invest long term by holding a number of altcoins in the top 30
Yes i think always that trading is anouther kind of gambling...in both things you just make your trust and your money in a Prospect and if this Prospect is wrong you will lose
Yes, trading makes me poor, in 3 days I almost lost as much as $ 500, the altcoin price that I have is decreasing, is this because the effect of bitcoin is falling?
when will it improve?
You should understand the factors that will cause the altcoin price to fall, so you can make decisions in your trade.when will it improve?
When Bitcoin falls you should not trade.
I have been trasing for such a long time now and I would definitely disagree with the generalization that trading is gambling. There is a level of risk of course but that risk can be controlled and that risk can also be minimized to the point that you will only lose a few dollars and then profit the next trade. I am really baffled how you lost it.
I am a little bit confused. Are your picked coins fell down that much? If that coin has potential then the price will be higher again! Trading and gambling are not the same but both needs perfect timing to avoid the loss.
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 think trading is not different from gambling you are doing something wrong. if you know what you are doing the odds are on your site, much more than in gambling
first of all you need to learn the basics, 2nd important thing is to train your mind, psyche is the biggest enemy when it comes to trading. and please, always use a stop loss.
Not sure about the proportions, where you get them. However, I agreed that majority of traders lose their funds, and there are limited, minority of traders get profits from their funds by tradings. In contrast, holders, mostly get richer.
If you know about Forex, Binary Option & Other Trading Investment. The percentage's true, 95% Trader got a lose went doing a trade other 5% was a successful trade sometimes this 5% sharing his successful trade for sharing his own referral site like Binary Option / Exchange Referal. Remember "Went trader got profit, other trader got lose" There seem to be like 95%+ idiots to 5 or so % regular thinking people.
Not sure about the proportions, where you get them. However, I agreed that majority of traders lose their funds, and there are limited, minority of traders get profits from their funds by tradings. In contrast, holders, mostly get richer.
There seem to be like 95%+ idiots to 5 or so % regular thinking people.
And then 1% or so of those 5 % that are more adequate people some percent of whom make the ruling elite. And then some people have the audacity to question the governments and elites. You (and me as I'm a pretty bad trader honestly) are the idiots. The ruling elite is quite smart and good people after all. You just need some life experience to realize that.
And then 1% or so of those 5 % that are more adequate people some percent of whom make the ruling elite. And then some people have the audacity to question the governments and elites. You (and me as I'm a pretty bad trader honestly) are the idiots. The ruling elite is quite smart and good people after all. You just need some life experience to realize that.
Maybe for some people trading can make him poor, but for some people trading can make them rich. For me, I prefer to trade rather than investing in ICO, the key to trading is patience and don't be greedy. Don't really want to earn a lot of money, even though you can get a little profit from trading, but I can benefit from trading every day. As soon as the coin signal goes up, we sell it, and we wait again until the trend drops then we buy again. I always do that, and can minimize losses
~~but in fact I was still losing, in my opinion trading was not much different from gambling.
You are wrong, what distinguishes trading from gambling is analysis. To increase profit opportunities, you must analyze using available indicators to predict the right position to buy, sell and hold. You also have to pay attention to other factors such as the development of news, rumours, etc. The luck factor is indeed quite instrumental, at least not as big as gambling which depends entirely on luck. I had experience in pump signal, I followed yobit pump signal and bought 1 Bitcoin any random coin. I lost 0.993 Ethereum in 5 minutes.
Amazing you really believe that pump signal ? You have enough money,what make you trust that pump signal ? We all know yobit is like ghost market. Altcoin pumping and dumping more faster than other exchange. Personally i am avoid to trade in yobit.
Pro trader also have that experience. Gambling just only for who not really know indicator,fundamental and other. Betwen skill we must have good control and emotional,i mean we should can handle our emotion. Psikology is main factor behind the skills. Sometimes lost make us more be careful in the next day. We just no need to give up. Lost is like paying what we can learning. But dont be loser.
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