Topic: Trading sucks, I'll just hold my coins - page 6. (Read 25868 times)
Mistakes make man perfect,we learn from mistakes so take review and overcome then move on.Holding also good decision still there need to be patient don't be panic and push to sell,wait a good moment and sell.
Newbie trader here and it took me exactly 3 days to understand that short time trading is not for me. I lost some and gain too, but most of it was plain luck and I dont deserve that profit. I left it and now I just buy coins for holding now.
Be happy when you have loss, because that loss helped you get more experience and make your trading skills be better. For those who still have not loss in the trading journey, you do not need to compare your loss with those people, because they did not know feeling of loser and solution to solve this problem.
I think we dont need to be happy if we lose and dont need to be sad.
We need to be strong if we are facing lose in trading. I agree if we lose then we need to learn from it.
Trading truly sucks, when the same is used without prior knowledge about the same. In particular people have good fiat backing to invest, but due to lack of knowledge invest on the wrong asset and expect profit in a short. This is truly impossible and they don't have patience to hold for a price increase. This leads to loss
It only sucks if you are not good at it. People that are good at it would tell you thats its an amazing skillset and toold. I also am not the best trader because I get too attached to things.
Trading truly sucks, when the same is used without prior knowledge about the same. In particular people have good fiat backing to invest, but due to lack of knowledge invest on the wrong asset and expect profit in a short. This is truly impossible and they don't have patience to hold for a price increase. This leads to loss
It only sucks if you are not good at it. People that are good at it would tell you thats its an amazing skillset and toold. I also am not the best trader because I get too attached to things.
Yesterday I just lost 1.8k USD, maybe in USA or in West Europe that's doesn't much, but here in my shitty country that's a f* big amount of money. Here the minimum wage is ~ 300 USD / month. So that's like 6 month of work if I cut my bread and water and live on air. Half of my saving were other investments, but anyways... I'm feeling shitty right now. Oh, and I break my laptop. So yeah, that's another - 500 usd.
I though I can trade. Buy low, sell high. Sounds good, doesn't work.
Looking at the charts and candle sticks and watching old bitcoin values, and huge spikes (pump, I saw here how people uses the pump word, daaaamn...) I was... yeah, I can totally do that. I'll just buy when it's low, and sell it when it reaches the top. Well, I was wrong. You can't see the future, otherwise everyone would be a millionaire. That would be true if you would have a delorean from '85 with Emmett Brown and Marty Mcfly and you could f* travel in future and see the PUMPS!!!1
So anyone who will read this message (noobs like me) if you don't have any trading experience, don't do it. There are expert traders who know how this market works, when to buy and when to sell. Don't assume your skills by watching youtube videos and reading "daily indexes and predictions" of how the price will rise or go down by shitty sites. That's just dumb. You don't know what's gonna happen. Maybe a little bit of luck, or I don't know.
So yeah, from now on, I'll just leave the trading area for experts and I will invest in bitcoin by buying every 2 week or monthly and saving into my wallet. And one day (I hope so) the price will rise and I will buy for my self a delorean.
Cheers!
I though I can trade. Buy low, sell high. Sounds good, doesn't work.
Looking at the charts and candle sticks and watching old bitcoin values, and huge spikes (pump, I saw here how people uses the pump word, daaaamn...) I was... yeah, I can totally do that. I'll just buy when it's low, and sell it when it reaches the top. Well, I was wrong. You can't see the future, otherwise everyone would be a millionaire. That would be true if you would have a delorean from '85 with Emmett Brown and Marty Mcfly and you could f* travel in future and see the PUMPS!!!1
So anyone who will read this message (noobs like me) if you don't have any trading experience, don't do it. There are expert traders who know how this market works, when to buy and when to sell. Don't assume your skills by watching youtube videos and reading "daily indexes and predictions" of how the price will rise or go down by shitty sites. That's just dumb. You don't know what's gonna happen. Maybe a little bit of luck, or I don't know.
So yeah, from now on, I'll just leave the trading area for experts and I will invest in bitcoin by buying every 2 week or monthly and saving into my wallet. And one day (I hope so) the price will rise and I will buy for my self a delorean.
Cheers!
Oh! Bro 1.8k USD is so important to me because I can buy a lot of food and things on that , but yeah trading is risky type of investment your money can be times 10 or worst no profit at all . I also try to invest before and then trading but I feel like i dont get any profit at all so i just decided to hold coins / tokens and then wait until 3 - 6 months then check if i get profit .
Trading truly sucks, when the same is used without prior knowledge about the same. In particular people have good fiat backing to invest, but due to lack of knowledge invest on the wrong asset and expect profit in a short. This is truly impossible and they don't have patience to hold for a price increase. This leads to loss
Yesterday I just lost 1.8k USD, maybe in USA or in West Europe that's doesn't much, but here in my shitty country that's a f* big amount of money. Here the minimum wage is ~ 300 USD / month. So that's like 6 month of work if I cut my bread and water and live on air. Half of my saving were other investments, but anyways... I'm feeling shitty right now. Oh, and I break my laptop. So yeah, that's another - 500 usd.
I though I can trade. Buy low, sell high. Sounds good, doesn't work.
Looking at the charts and candle sticks and watching old bitcoin values, and huge spikes (pump, I saw here how people uses the pump word, daaaamn...) I was... yeah, I can totally do that. I'll just buy when it's low, and sell it when it reaches the top. Well, I was wrong. You can't see the future, otherwise everyone would be a millionaire. That would be true if you would have a delorean from '85 with Emmett Brown and Marty Mcfly and you could f* travel in future and see the PUMPS!!!1
So anyone who will read this message (noobs like me) if you don't have any trading experience, don't do it. There are expert traders who know how this market works, when to buy and when to sell. Don't assume your skills by watching youtube videos and reading "daily indexes and predictions" of how the price will rise or go down by shitty sites. That's just dumb. You don't know what's gonna happen. Maybe a little bit of luck, or I don't know.
So yeah, from now on, I'll just leave the trading area for experts and I will invest in bitcoin by buying every 2 week or monthly and saving into my wallet. And one day (I hope so) the price will rise and I will buy for my self a delorean.
Cheers!
I though I can trade. Buy low, sell high. Sounds good, doesn't work.
Looking at the charts and candle sticks and watching old bitcoin values, and huge spikes (pump, I saw here how people uses the pump word, daaaamn...) I was... yeah, I can totally do that. I'll just buy when it's low, and sell it when it reaches the top. Well, I was wrong. You can't see the future, otherwise everyone would be a millionaire. That would be true if you would have a delorean from '85 with Emmett Brown and Marty Mcfly and you could f* travel in future and see the PUMPS!!!1
So anyone who will read this message (noobs like me) if you don't have any trading experience, don't do it. There are expert traders who know how this market works, when to buy and when to sell. Don't assume your skills by watching youtube videos and reading "daily indexes and predictions" of how the price will rise or go down by shitty sites. That's just dumb. You don't know what's gonna happen. Maybe a little bit of luck, or I don't know.
So yeah, from now on, I'll just leave the trading area for experts and I will invest in bitcoin by buying every 2 week or monthly and saving into my wallet. And one day (I hope so) the price will rise and I will buy for my self a delorean.
Cheers!
Understandable how you feel, but don't give up! Hodl 60-70% of your coins and trade/fish (or do both) with the remaining. Start slow and go for small 1-3% gains daily, all the while compounding your profits, which will be small at first, especially with a small trading account, but within half a year can be huge.
Spend a bit of money on some day trading/TA courses and educate yourself. Or just bootstrap it and find what you need for free on youtube.
The fact is...many people have made a LOT of money day trading and there is absolutely no reason you can't either....or me....or anyone!
I also tried to become a trader for the first time I was successful and I earned 30%, but the following became very difficult because of the bitcoin's high price I could not afford to buy a bitcoin so I was I decide to level up my rank first so i can apply to a signature campaign to get a bitcoin and like you i leave my bitcoin with a pro. trader.
Sometimes i had a bad trading day in the past and when i experience that and loss i almost broke my entire balance and curse trading for giving me such a headache. That's why at that time i choose to hodl my coins instead of trading it but up to now i learn day trading because it give me so much room to earn aside from holding my coins.
Every case needs to be learned. Learning to trade when watching videos on YouTube is a very bad idea. Nobody bothered you at the very beginning to pay money for training from a practicing trader and pass this training. So you would not lose your money. And they learned how to trade .. But everyone chooses his own way.
Yesterday I just lost 1.8k USD, maybe in USA or in West Europe that's doesn't much, but here in my shitty country that's a f* big amount of money. Here the minimum wage is ~ 300 USD / month. So that's like 6 month of work if I cut my bread and water and live on air. Half of my saving were other investments, but anyways... I'm feeling shitty right now. Oh, and I break my laptop. So yeah, that's another - 500 usd.
I though I can trade. Buy low, sell high. Sounds good, doesn't work.
Looking at the charts and candle sticks and watching old bitcoin values, and huge spikes (pump, I saw here how people uses the pump word, daaaamn...) I was... yeah, I can totally do that. I'll just buy when it's low, and sell it when it reaches the top. Well, I was wrong. You can't see the future, otherwise everyone would be a millionaire. That would be true if you would have a delorean from '85 with Emmett Brown and Marty Mcfly and you could f* travel in future and see the PUMPS!!!1
So anyone who will read this message (noobs like me) if you don't have any trading experience, don't do it. There are expert traders who know how this market works, when to buy and when to sell. Don't assume your skills by watching youtube videos and reading "daily indexes and predictions" of how the price will rise or go down by shitty sites. That's just dumb. You don't know what's gonna happen. Maybe a little bit of luck, or I don't know.
So yeah, from now on, I'll just leave the trading area for experts and I will invest in bitcoin by buying every 2 week or monthly and saving into my wallet. And one day (I hope so) the price will rise and I will buy for my self a delorean.
Cheers!
I though I can trade. Buy low, sell high. Sounds good, doesn't work.
Looking at the charts and candle sticks and watching old bitcoin values, and huge spikes (pump, I saw here how people uses the pump word, daaaamn...) I was... yeah, I can totally do that. I'll just buy when it's low, and sell it when it reaches the top. Well, I was wrong. You can't see the future, otherwise everyone would be a millionaire. That would be true if you would have a delorean from '85 with Emmett Brown and Marty Mcfly and you could f* travel in future and see the PUMPS!!!1
So anyone who will read this message (noobs like me) if you don't have any trading experience, don't do it. There are expert traders who know how this market works, when to buy and when to sell. Don't assume your skills by watching youtube videos and reading "daily indexes and predictions" of how the price will rise or go down by shitty sites. That's just dumb. You don't know what's gonna happen. Maybe a little bit of luck, or I don't know.
So yeah, from now on, I'll just leave the trading area for experts and I will invest in bitcoin by buying every 2 week or monthly and saving into my wallet. And one day (I hope so) the price will rise and I will buy for my self a delorean.
Cheers!
Maybe trading is just really not for you that is why you keep on losing in it. At least you had tried and you had experienced how the trading works. Because trading really sucks especially at first because you do not know the behavior of the chosen coins but as time goes by and as you get used to what the trading really is and of you win consecutivey you will say that trafing is good because you gain money you gain a lot rather than losing. It is normal to lose a lot of times in trading at first time.
I always thought that the buy low sell high just sounded too simplistic, because then everyone would be doing the exact same.
It sounds very simple but in actual practice it's really not that easy since you have to know the right timing in order to perform that rule. With deep research you can be able to master you trading skills and since it's not impossible to be consistently making money in crypto, you have a good chance if you work hard enough.
I always thought that the buy low sell high just sounded too simplistic, because then everyone would be doing the exact same.
It doesnt suck like anything else it takes 10k hrs to become a pro. Put out or get out. The market is made for noobs to give their money away. Crypto is like the easiest market for noobs to ever trade if your losing money in crypto your def in wrong field. Safest bet is just do opposite of what you think. I said that 100x and made ppl lots of money that way. Go against everyone else trading, right now lots of shorts do go long.
Trading needs timing. You must be in the right time to buy and sell coins here. And Bitcoin today is very low. It is the right time to buy bitcoin and sell it when the value is high.
It is not only buying and selling its about how or what did you do to make profit in this special days that both bitcoins and altcoins were dump hard. Trading sucks, I'll hold my coins as in the title in order to win its needs to hodl not to panic.Yes, timing it is but even you got that timing always knowing yourself when to exit is the best plan. When we trade we accept the risk, to have patience and many more so the trick here is to endure yourself to overcome all these to be successfull.
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Trading isn’t for everyone, sounds like you we’re just riding the wave and not putting in the work and research. Maybe you’d learn from this and sometime in the future, (maybe with the gains from your holdings) try again
A good decision mate, to avoid losses, just be a holder and not a traders. Its been charged into experience to yourself but you can do it in a second time, never lose hope. Traders has always losses but have also many gaining profit
Trading is profitable and rewarding provided you can spend time and effort, but if you cannot you are right to just hold your coin for a long term, but you cannot escape trading because you are likely to trade when you think it's time to buy or sell your coins.
I have QSP,UKG,BQX,OMG,POE,HPB,DRG,BAT,Akon,ICX,FAC,CND,NEO,GAS,cV, BAR. Except for NEO,GAS,cV, BAR,which I intend to hold for the long term, I have about $100-200 invested in those mentioned, some of which I regrettably bought near their highs. My question is, would you sell all or most (for a loss) and buy 1 or 2 coins that could go 10x or more? I have so little in each that if only one of the bunch goes 20X my gain would be $2000, which is nothing to complain about, but if I could invest $1000 in 1 or 2 coins, 20X bring a nicer gain. I just feel my portfolio is too spread out, given how much is invested per coin. Any thoughts?
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