What have been your crypto trading experience - page 2.

passwordnow

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Quote from: mr_enoc on May 24, 2022, 07:35:29 PM

New traders or old traders always encounter losses. There is no permanent position in trading. The price of bitcoin and altcoins is not permanent. So therefore, it is normal to gain and to get some losses. But, what most important is, you are getting some techniques from what you've already experience from your previous Trading experiences.

If you're taking it seriously, your losses will be one factor in learning the better things in trading. You do remember that it's not always winning and losing.
You're right that every position that we do is not permanent. You could be down by today and dwelling in losses but eventually, you're just learning the harder way.

taufik123

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Quote from: mr_enoc on May 24, 2022, 07:35:29 PM

-snip-

But at least you have to minimize the loss so that it doesn't become a big loss. All traders can indeed experience losses, but the profits obtained must also be greater than the losses that have been experienced. Experience is indeed the best teacher to be able to learn better. Master the technical analysis and fundamentals, then the trade will go well and understand what to do. Never trade without having the knowledge, it will just be a waste of money.

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Quote from: mr_enoc on May 24, 2022, 07:35:29 PM

Quote from: GreatArkansas on March 26, 2022, 09:51:17 PM

Accepting losses or moving forward for some trades.
I have this behavior before that is like I am marrying my altcoins or some trades which I always changing my mind where I will cut loss, this is the major mistake I have done before.
That's why before entering a trade, I always finalize my stop loss and target price.

New traders or old traders always encounter losses. There is no permanent position in trading. The price of bitcoin and altcoins is not permanent. So therefore, it is normal to gain and to get some losses. But, what most important is, you are getting some techniques from what you've already experience from your previous Trading experiences.

Yes, knowledge and experience are the best one you could get when trading it is important that you learn them as early as possible. The market won't be like a milking machine that you think anytime you could get what you want since all of them are traders just like you. Of course, when trading there's always a winning and losing part but the most important one is if you keep track of your winnings. Make sure that you have a high percentage of winning compared to losing.

mr_enoc

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Quote from: GreatArkansas on March 26, 2022, 09:51:17 PM

Accepting losses or moving forward for some trades.
I have this behavior before that is like I am marrying my altcoins or some trades which I always changing my mind where I will cut loss, this is the major mistake I have done before.
That's why before entering a trade, I always finalize my stop loss and target price.

New traders or old traders always encounter losses. There is no permanent position in trading. The price of bitcoin and altcoins is not permanent. So therefore, it is normal to gain and to get some losses. But, what most important is, you are getting some techniques from what you've already experience from your previous Trading experiences.

Hamphser

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Quote from: Odusko on May 24, 2022, 02:59:48 PM

Quote from: thet on May 23, 2022, 07:21:35 PM

Quote from: GreatArkansas on March 26, 2022, 09:51:17 PM

Accepting losses or moving forward for some trades.
I have this behavior before that is like I am marrying my altcoins or some trades which I always changing my mind where I will cut loss, this is the major mistake I have done before.
That's why before entering a trade, I always finalize my stop loss and target price.

I actually cry when i experience some losses in trading. I can't sleep peacefully because i wanted to gain and trade more but things are not that easy in trading. I need to keep calm and be patient and learn how to trade correctly. It is true that you cannot predict what will be the next journey of the coin but you can manage to keep calm.

You mean real cry or you just being sarcastic, I know trading can be dramatic sometime and most times we have bad feelings when we lose in trading but again, we must come to a point where losses in trading give us the same excitement as gaining. If we have that type of mindset losing will have less pain for us since we know losses and gains are part of trading you can't gain all the time.

Losing in trading or any investment is inevitable thats why you should really be preparing yourself into such particular situation so that at least you wont really be freaking out whenever you do encounter these times.

Its up to someone on how they would gonna handle their emotions and made out appropriate actions on times like this.I know it wont be simple but this is the only way for you to be able to handle the situation.

Its really hard not to react or make yourself happy whenever you do suffer loss.It cant be avoided on having that common reaction.

Odusko

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Quote from: thet on May 23, 2022, 07:21:35 PM

Quote from: GreatArkansas on March 26, 2022, 09:51:17 PM

Accepting losses or moving forward for some trades.
I have this behavior before that is like I am marrying my altcoins or some trades which I always changing my mind where I will cut loss, this is the major mistake I have done before.
That's why before entering a trade, I always finalize my stop loss and target price.

I actually cry when i experience some losses in trading. I can't sleep peacefully because i wanted to gain and trade more but things are not that easy in trading. I need to keep calm and be patient and learn how to trade correctly. It is true that you cannot predict what will be the next journey of the coin but you can manage to keep calm.

You mean real cry or you just being sarcastic, I know trading can be dramatic sometime and most times we have bad feelings when we lose in trading but again, we must come to a point where losses in trading give us the same excitement as gaining. If we have that type of mindset losing will have less pain for us since we know losses and gains are part of trading you can't gain all the time.

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Quote from: GreatArkansas on March 26, 2022, 09:51:17 PM

Accepting losses or moving forward for some trades.
I have this behavior before that is like I am marrying my altcoins or some trades which I always changing my mind where I will cut loss, this is the major mistake I have done before.
That's why before entering a trade, I always finalize my stop loss and target price.

I actually cry when i experience some losses in trading. I can't sleep peacefully because i wanted to gain and trade more but things are not that easy in trading. I need to keep calm and be patient and learn how to trade correctly. It is true that you cannot predict what will be the next journey of the coin but you can manage to keep calm.

molsewid

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Quote from: sklopan on May 22, 2022, 07:02:54 AM

To be honest, while working in this industry, I have gained quite a lot of experience. But the formula is quite simple - it is simply impossible to learn everything in advance. For this reason, you learn a lot already in the process of work.

Yes even though it's been years since I learn cryptocurrency I always learn new things everyday, and having a losses is not avoidable, no matter how hard we try to manage our assets, analyze the chart and take some risk, we cannot predict what will be the future. Cryptocurrency is very volatile so in every situation I need to have a plan B for myself to avoid too much losses like what I experienced last 2018.

sklopan

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To be honest, while working in this industry, I have gained quite a lot of experience. But the formula is quite simple - it is simply impossible to learn everything in advance. For this reason, you learn a lot already in the process of work.

Ahli38

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The experiences that I have encountered while trading crypto are;

- When greed overwhelms us, losses are waiting at the end of the road. when we already have an advantage and because we are greedy we choose not to take it because we hope for more profits. and it turned out to be a loss.
- when we control our greed by being patient and holding back more, we get more profits.
- basic knowledge of crypto, market analysis, fundamental analysis and so on need to be learned before entering crypto trading.
- the higher the risk taken in crypto, the greater the promising profit (must be prepared to lose).
- after I have explored and traded so many coins, I have the conclusion that only bitcoin is the safest for future investments. (nothing is 100% safe in the world of digital money)
- when you get a loss, don't focus on wanting to be quick or in a hurry to reverse the loss. because it will only increase the loss. stay focused on the mistakes you made and slowly fix them.
- be patient in waiting for positions when to enter and exit trades. (not that every time you see the market means that you have to enter. Don't)

that's a bit of my experience in trading crypto.

doomloop

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Quote from: martyns on May 19, 2022, 04:55:04 AM

Quote from: Vaculin on May 17, 2022, 07:51:10 PM

Trading is hard of course but if you do it with passion mixed with knowledge and skills, everything in trading will never turn into useless attempts. Having a positive mindset and a long stretch of patience are the things that keep me going in trading. Despite of the losses, i guess crypto trading have still its best opprtunities to earn and make a living, than to turn our backs into trading and end up quitting.

As they say, experience is the best teacher. The Crypto space haven't been an easy one for me for the past years, losses and profits are achieveable on a daily basis. There was a point, where I got my futures trading account liquidated thrice on a row. At that moment, all I wanted was to forget about trading and face my work, but with the help of my friend, I later retrace back to the space but with different pattern of trading strategy. I started to bagged coins for long term purposes which really help to lift me from the trenches I was back then. Now all I have to do, is to open trading positions with 80% trading signals, and trust me its what have been kept me going in the space.

We all made mistakes and we all lost money in the crypto world, we just moved on and everything to a little bit better. Of course, it is not the ideal situation and I understand that there could have been some situations where we did a mistake by looking at it as a mistake and still took that risk and ended up becoming a mistake.

I know that we have a lot of "I knew it wouldn't work, should have not done it" situations. But that doesn't change the fact that it is not something that could change at this moment and it is in the past and we just need to move on and need to be better. Sure we made mistakes and of course we will make more mistakes but at least we need to be better.

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Quote from: sana54210 on May 20, 2022, 04:08:23 PM

Quote from: AicecreaME on May 19, 2022, 09:20:00 AM

After 1 year of trading in futures, I still got greedy sometimes, not taking profit because it might pump more but regret it in the end of the day. But the more failures we have, means the more lesson we learned. We started to think before getting greedy, we became more careful, we became more each day of having a bad day in Trading. Consistency is the key, losing money is included in the process but I know someday I can trade with more profits than my losses.

The risk in the leverage world is that we are talking about something that would be a bit more troublesome, it causes people to end up with a good profit at times but since it is so volatile that you could lose it all very quickly. Just a bit of wrong direction and you are going to end up losing a lot.

Perhaps, this was not a good option to take when trading especially if you are a newbie. We have to think that the market is soo tricky, we can't just simply underestimate the volatility it has. That is why I'd just stop and focus on spot trading where I become comfortable doing this. For the many years that have been in this field, we can't really stop losses, in fact, there are times that I suffered huge losses. For me, there is no perfect way in trading, it all just matters how we make a decision in a particular situation, sometimes we got influenced by our emotions.

sana54210

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Quote from: AicecreaME on May 19, 2022, 09:20:00 AM

After 1 year of trading in futures, I still got greedy sometimes, not taking profit because it might pump more but regret it in the end of the day. But the more failures we have, means the more lesson we learned. We started to think before getting greedy, we became more careful, we became more each day of having a bad day in Trading. Consistency is the key, losing money is included in the process but I know someday I can trade with more profits than my losses.

The risk in the leverage world is that we are talking about something that would be a bit more troublesome, it causes people to end up with a good profit at times but since it is so volatile that you could lose it all very quickly. Just a bit of wrong direction and you are going to end up losing a lot.

I heard that there were some people who traded the Luna deal for a quick while when it was crashing, and they did a very very high leverage while it was going down, and what happened was the fact that it recovered for just a split second and suddenly they lost money, so all in all we wouldn't be making a big deal and it would make them lose, even though the long term projection was down.

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Quote from: Glossy_Katie on May 20, 2022, 08:00:31 AM

cryptocurrency trading has been an awesome experience everyone should have with lots of ups and down......happy when market (trade) is going towards your direction and sad when is going against you, above all knowing and mastering your strategy is one of the keys to crypto trading.

The quest to make profits have led us to discover several ways and I have been into future trading for some time now but have not hard it easy, my experience has been on the bad side as I slide into loss recently when is got greedy and increase the leverage to ×4 which made my liquidation price exit fast and that has been a big lesson to me. Next time I won't allow greed to take over my sense of reasoning but again trading is all about taking risks since no one can predict the direction the market will flow so you just have to ride with the wave and make your predictions.

Glossy_Katie

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cryptocurrency trading has been an awesome experience everyone should have with lots of ups and down......happy when market (trade) is going towards your direction and sad when is going against you, above all knowing and mastering your strategy is one of the keys to crypto trading.

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Quote from: Anguwa on May 06, 2022, 02:50:38 PM

Throughout my time in cryptocurrency trading, I have learned to take the little profit I have for the main time and prepare for another one. This is because greed pinged me down as I was holding some coins, I had profit already, but I was waiting for more than twice the profit, then the crypto market went bearish while I was unable to sell off. Since then, I've made it a point to capture any profit I can to prevent losing my entire investment.

I agree.

After 1 year of trading in futures, I still got greedy sometimes, not taking profit because it might pump more but regret it in the end of the day. But the more failures we have, means the more lesson we learned. We started to think before getting greedy, we became more careful, we became more each day of having a bad day in Trading. Consistency is the key, losing money is included in the process but I know someday I can trade with more profits than my losses.

martyns

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Quote from: Vaculin on May 17, 2022, 07:51:10 PM

Trading is hard of course but if you do it with passion mixed with knowledge and skills, everything in trading will never turn into useless attempts. Having a positive mindset and a long stretch of patience are the things that keep me going in trading. Despite of the losses, i guess crypto trading have still its best opprtunities to earn and make a living, than to turn our backs into trading and end up quitting.

As they say, experience is the best teacher. The Crypto space haven't been an easy one for me for the past years, losses and profits are achieveable on a daily basis. There was a point, where I got my futures trading account liquidated thrice on a row. At that moment, all I wanted was to forget about trading and face my work, but with the help of my friend, I later retrace back to the space but with different pattern of trading strategy. I started to bagged coins for long term purposes which really help to lift me from the trenches I was back then. Now all I have to do, is to open trading positions with 80% trading signals, and trust me its what have been kept me going in the space.

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Quote from: Vaculin on May 17, 2022, 07:51:10 PM

Quote from: Hamphser on May 05, 2022, 12:10:41 PM

Quote from: ?? on ??

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-snip

Trading is hard of course but if you do it with passion mixed with knowledge and skills, everything in trading will never turn into useless attempts. Having a positive mindset and a long stretch of patience are the things that keep me going in trading. Despite of the losses, i guess crypto trading have still its best opprtunities to earn and make a living, than to turn our backs into trading and end up quitting.

Indeed, trading is not always on our favor. Sometimes embracing our mistakes and especially losses is a very good teacher that so that we can somehow and hopefully can avoid making the same one in the future. Patience is one of the key in trading and never stop learning. Everyday you can gain a new knowledge about trading and how to make it work. It is indeed has its own risk, I dare to say it's a very risky. But once you get the hang of it, you'll be fine. As long as you're not greedy when you trade. You need to set your entry point and profit point, don't stretch it out more than your goal. Because it didn't always end up in a good way.

Vaculin

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Quote from: Hamphser on May 05, 2022, 12:10:41 PM

Quote from: ?? on ??

The valuable experience in my cryptocurrency trading so far is that there is always another chance because crypto is still very early. So, there is probably a lot of pump and dump to come

As long this market would continue and as long there would be buyers and sellers then it would continue to exist no matter what and as long there's volatility then there's always a chance for you to make profits.

Opportunities is boundless or unlimited as long this market moves.Trading experience would be similar for most people which experiencing the bitter sweet of volatility.

We know that its not easy but it would really be worth once you do gain up sufficient experience and skills on sustaining yourself in the market.

Trading is hard of course but if you do it with passion mixed with knowledge and skills, everything in trading will never turn into useless attempts. Having a positive mindset and a long stretch of patience are the things that keep me going in trading. Despite of the losses, i guess crypto trading have still its best opprtunities to earn and make a living, than to turn our backs into trading and end up quitting.

nur rochid

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Quote from: Odusko on March 26, 2022, 08:06:08 PM

Over some time, I have tried to understand and take advantage of the many possibilities in cryptocurrency trading this emerging venture has helped many to reach their goals. What is the most valuable experience that has been a guide for your cryptocurrency trading?

my most valuable experience while doing greed. that time i held a new altcoin and the altcoin was pumped up, but because i didn't see logically and took profit, eventually the coin turned to ashes. therefore we must take advantage of the golden moment and never do greed, because it can make us miss the golden moment to take advantage, this is mostly done by beginners because they do not see the worst in cryptocurrency

Topic: What have been your crypto trading experience - page 2. (Read 1022 times)