trade makes me poor - page 5. | Bitcointalksearch.org

furball64

member

Activity: 271

Merit: 10

Proof-of-Stake Blockchain Network

Quote from: Cekerula on July 25, 2019, 04:16:21 PM

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 also failed in trading altcoins and this continues to happen to me from time to time. From this I made conclusions, which I began to apply in the future. The main one is never to put all your money into trading one pair of coins. Always split your money into multiple instruments.

Belianez

jr. member

Activity: 336

Merit: 1

A nexgen decentralized ride hailing

I, too, at the very beginning of his trading career , lost a lot of money lost more than $ 5,000 , but it was an experience and need to learn from it , now I get more profit than losses in trade.

martina14

full member

Activity: 1190

Merit: 111

this is just for me and i think for genaral.
If you think trading makes you poor or if it is happening now.
then you went to a game without knowledge like playing basketball with an MVP skill in volleyball.
crypto is not a fortune telling, this is stratigic and knowledge will prevail.

veleten

legendary

Activity: 2016

Merit: 1107

wonder how people expect good results in something they have a very vague understanding of
trading =/= gambling , it is way more skill based , gambling is more luck based as you could run the optimal strategy and lose because the stars didn't align ( or because of the casino's house edge

)
in trading one has to read ALOT first , it requires a certain mindset too , you must understand that you cannot be profiting all the time and losses are inevitable
I heard stories about Forex traders who made millions on their demo accounts
once they deposit and trade with the real money - its a completely different story , 99% of them lose their money
it is psychology , mindset , discipline and technical analysis and even then you could end up in the red because some markets decided to crash and you were holding
or you shorted and there was a global super bull run , things happen

KrosaKz

newbie

Activity: 22

Merit: 1

trading with gambling is almost the same. it's just that distinguishes that trading requires skills in analyzing the price of coins while gambling does not require skills, gambling depends on luck.

Caishen_Project

member

Activity: 162

Merit: 10

Well, trading is not really easy and traders some time are always confused and it makes everything looks more like gambling, I will advise u look for what actually works for you, either investing in coins at low sat for long term or probably investing in good project IEO. This will really help, am always scared of trading myself

jarhed

sr. member

Activity: 672

Merit: 254

Quote from: ra_pl on August 03, 2019, 10:55:11 AM

Trading is not a job you can just start and gain. There are fundamentals attached to trading. Don't expect to always win all trades, there's always a space for losses. If you ain't ready to learn the techniques i don't think it's a good idea to do trading.

At least for trading you need 3 months to study the materials. These are books and video tutorials. I think that in trading you need to have experience of 2 years.

ra_pl

member

Activity: 251

Merit: 10

Trading is not a job you can just start and gain. There are fundamentals attached to trading. Don't expect to always win all trades, there's always a space for losses. If you ain't ready to learn the techniques i don't think it's a good idea to do trading.

letyouearn

legendary

Activity: 1722

Merit: 1014

Quote from: Cekerula on July 25, 2019, 04:16:21 PM

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 god damn right, bro, gambling, pure casino

99% of the traders who are going for daytrading are wasting their time and money. Other 1% got some kind of flair, intuition or something like that

TanakabZX

member

Activity: 504

Merit: 16

Trading is not meant for me because im always too eager to make profit,i prefer to invest in good coins and token dor future profits than trading

ajja

full member

Activity: 294

Merit: 101

I do not think like you, when we experience losses in trading, of course it's a mistake in yourself that has wrongly predicted a coin. I think you have a lot to learn to trade first before starting so as not to lose big in a short time.

joseyphil82

member

Activity: 742

Merit: 16

The first time i tried out trading on a trading platform i lost some dollars and after few months i retry again and i make few profits so they trick is there is always a bad trading day,if you are losing just stop trading and try again the next day

mbluxs

sr. member

Activity: 938

Merit: 250

Quote from: Cekerula on July 25, 2019, 04:16:21 PM

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.

for me, trade is not to be confused. actually in trading we have to have the right tactics for example before trading we certainly have to know what the price of the coin we choose to trade, and we also have to look at the situation of the coin and the market when trading, and trading is not done carelessly just like that .

winspiral

legendary

Activity: 1778

Merit: 1026

Free WSPU2 Token or real dollars

ohhhh so sad...
so many possibilities exist to trade without spending the single coin...

Ok,
if you trade without risk,the feeling is not so big...but the fun to earn more and more is the same.

Advice:
Depose for free some BCRM on the different tradings places possible and trade with.
You can use them to learn and train...

Kvalentine

member

Activity: 504

Merit: 25

To become a successful trader you have to learn trading and know how to manage or limit your risks, many traders takes trading like a gambling den thats why they lose,for example trading on olymptrade you can trade with 10$ for each trade but some likes going higher so that they can get higher rewards which of cos increase the risks too

Rahman11

sr. member

Activity: 1428

Merit: 250

Yes, same something! too much different between trading and gambling, gambling is a high risk activities but for trading it's a analysis matter! and patience and good analyse can get you rewarded!

dongosquad

full member

Activity: 588

Merit: 101

Quote from: Cekerula on July 25, 2019, 04:16:21 PM

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.

before trading you should first study market analysis, both technical analysis and fundamental analysis. it is very important for beginners to learn first, do not be too oriented to big profits. your experience reading indicators on charts is very necessary as well as good news and bad news. there is a saying "buy on the rumors and sell on the news"

Plinteng

jr. member

Activity: 286

Merit: 3

https://goldeth.io/

Quote from: kampretuser on August 03, 2019, 03:36:37 AM

You lost a lot of money in a short time? Isn't that the risk of crypto trading. I think that many of us lose, but that can be a lesson for ourselves. Ready to lose, ready to profit!

yes, crypto trading is very high risk and if the worst possibility occurs in us, of course we must be prepared to accept the risk. but it's true that if we don't make decisions we won't know the truth.

llecrf

jr. member

Activity: 420

Merit: 1

always be careful when trading is something that needs to be done, I have a difficult experience when trading crypto, when doing daily trading I never get a profit, then I try to hold the coins that I have, almost from 2 new ICO projects that I have followed this time the price is still far below the ICO price and I am trying to trade with more buyers. We must be good at choosing coins to trade, because if we choose wrong and leave a lot of information, then we will lose if we never see the update information and the current market situation

joosep

sr. member

Activity: 569

Merit: 250

Quote from: Cekerula on July 25, 2019, 04:16:21 PM

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, I am frustrated after big loss. I think that there is no need to ponder too long over defeats. I try take my lesson deep and move along because you can't change the past. I am heard that best trader is dead man - he don't make unnecessary emotional moves and his portfolio is growing.

Topic: trade makes me poor - page 5. (Read 3505 times)