Topic: trade makes me poor - page 6. (Read 3505 times)
I feel you ceruka i had been that situation too and it's really frustrating all to loss something you did work hard on it but that's crypto trading, you lose some, you win some. Greed was always been the root of all and that's a bad habit that every traders should be taken off in order to succeed in crypto trading.
Trading in fiat money or in crypto market is not easy need some experience and also good signals by premium members so you must join some good groups where you can get guide line and daily signals about altcoin trading.
trading by just relying on instincts in my opinion is very dangerous and can cause us to experience losses in trading, so as a trader it is really necessary enough knowledge in analyzing the movements of altcoin / btc prices at this time, and maybe it's better if we join a premium group that is indeed provide accurate analysis for each exchange, it is not wrong if we have to pay a little to get a large profit from the analysis.
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.
Friend, if you lose in trading, you can try long term cryptocurrency investment. It is always good to adopt new strategies if one does not work well for you because every avenue has got its unique expertise in order to excel. 
I think if you invest in a coin that has a high volume and of course has a product, then you don't need to worry about the money you invest even though the price of coin is down, because I believe the price of coin will definitely increase very high if the project of coin has a product that will be useful in the future and of course the project has progress.
That is true, we not lose anything if we are invest on top 100 coin based on CMC and hold it until the price going up again. My asset drop 90% after buying coin on late 2017. I hold my coin and i belive if bitcoin start to hit $19.000 again, and altseason is coming, my coin will be back to price i bought. Another option is, cut lost and buy back if need it.
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.
Friend, if you lose in trading, you can try long term cryptocurrency investment. It is always good to adopt new strategies if one does not work well for you because every avenue has got its unique expertise in order to excel. 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.
What coin did you invest in? I think if you invest in a coin that has a high volume and of course has a product, then you don't need to worry about the money you invest even though the price of coin is down, because I believe the price of coin will definitely increase very high if the project of coin has a product that will be useful in the future and of course the project has progress.
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 don't easily give up in trading. Though, I loae a lot of money in trading, still I try my best to gain even in small amount. If you easily frustrated, you will be defeated throughout your life. The common mistake of the people is that we give up easily because we want an easy and fast outcome which will not absolutely happen. 
Trading is one of the most complex and challenging professions in the world, with great competition and interest from a vast variety of
extremely talented groups and individuals. If you want to have a hope of being a profitable trader, chances are very high that you will need
to take it very seriously and make it your top priority as a business...
extremely talented groups and individuals. If you want to have a hope of being a profitable trader, chances are very high that you will need
to take it very seriously and make it your top priority as a business...
The way you see trading, will determine if you will earn from it or not. Frankly speaking, gambling is totally different from trading. If you cannot analyze the market, products and news carefully well, then yo might not be able to trade to taste.
Lol, that's reminds me of my past experienced with Yobit exchange when i started trading around 2016, i started with $250, i was following pump and dump coins and never new how trade works. when i bought at high price when coins pumping, in a few seconds the coins dump so hard. my $250 became $40, lol. I had to call trading a scam game. that got me off in trading throughout 2016, and i would just open the exchange and keep watching all the activities going on till i began to understand the tricks. i found out that patience is the key. i ventured in again in 2017. then i began to make profits.
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.
That’s is why many people use to say noob should not enter into trading without proper guidance. I saw many people who lost their funds on trading equally to the gambling.
We should not find any guidance means atleast learn some basics before you go to trading. That’s my humble suggestion.
trade and gambling is different. Don't doing trade if you cannot to read the chart.
Because, traders needed it to make action. Keep learning on trading. I also still learning about it.
If trading without knowledge or experience. It is definitely trading blind. and money will be lost every day. It's best to learn a lot before you start tradingBecause, traders needed it to make action. Keep learning on trading. I also still learning about it.
yes it is true that basically before starting trading we at least have basic knowledge about the price chart on the exchange, actually if the OP learns about it first, because trading without having knowledge / experience is certainly very risky. as happened with the OP, it is unfortunate to lose a lot of money
Not only you many people have suffered loss and many have got benefits from cryptocurrency. Everything has both good and bad sides. If you do not have crypto knowledge enough, there you can experience loss. So crypto knowledge is required first.
trade and gambling is different. Don't doing trade if you cannot to read the chart.
Because, traders needed it to make action. Keep learning on trading. I also still learning about it.
If trading without knowledge or experience. It is definitely trading blind. and money will be lost every day. It's best to learn a lot before you start trading Because, traders needed it to make action. Keep learning on trading. I also still learning about it.
Never put all your eggs in one basket and trading required a lot of skills to get profit from this market.
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.
Can you share us what specific coin was that?so we may.check what gone wrong about you investment? Nut i have a feeling that you put investment in shit coin or you didn't manage to keep the holding and sold the coins ar loss But if you still have the currency in your wallet or exchange don't worry theres a chance for recovery .just invest time as well
trade and gambling is different. Don't doing trade if you cannot to read the chart.
Because, traders needed it to make action. Keep learning on trading. I also still learning about it.
Some of us think its easy to become a trader thus they dont conduct a proper research and learning because of this belief.Because, traders needed it to make action. Keep learning on trading. I also still learning about it.
Take time to understand how to trade, its risky but if you're aware of the possible consequences and strategy to use in times the outcome is not what you expected it to be then you can have a plan to not lose your money.
indeed understanding and knowledge of how to trade is very necessary, so if we have not been able to understand and know in conducting crypto trading, indeed we will be able to experience defeat, especially as a new trader, panic and sell when prices suddenly decline it is mostly done because they are afraid that they will lose all their assets, whereas for example they can be patient to wait for the increase in the coins they buy, surely they will not suffer losses.
if you trade without having knowledge you will say trading is not much different from gambling, because you trade only using luck not with knowledge or analysis.
I disagree with the last statement of OP that trading is not different from gambling, i guess it all depend on how you are handling the trading, stop trading as if all your life depend on it and be realistic with yourself anytime you are trading.
Sometimes it is much better to sell while things are going well and you are in profit. Otherwise you might not make profit or even worse lose more. If you hold longer you could lose it all. You need to see where the project is going. If you see a good price for your tokens/coins then you should sell them when the project is losing momentum before it totally slows down to a halt and basically the coin/token crashes.
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