Bitcoin Forum

I read multiple posts and threads about people loosing money with trading. My opinion is that every single person can become a profitable trader and you do not need to be a specialised trader to make consistent daily profits.

Most of the traders or 'wannabe' traders loose money because of several reasons.

- Enter the markets at the wrong moment.
- Put too much in a single position that doesn't leave them balance to enter the market at lower points.
- get caught by greed.
-.....

Sometimes when reading through posts and replies I get confused. Some things I very often read.

- no money can be made during a bear market situation.
- Making consistent daily profits is impossible
- educate yourself well before starting to trade
- you must follow news, trends and project updates
- ......

Then I probably am the most atypical trader in the world.


First of all I want to mention I do not give a sh*t about any coin, I never spend time on reading the crypto news, trends or updates. I do not care about any coin or project. I even do not care about blockchain technology in general.

Do not get me wrong, I am a strong crypto believer and 30% of my personal holdings are in crypto but I didn't invested a single dime of my own money in long term holdings. I only used profits I made with trading during the previous 3-4 years to invest in a long term portfolio.

But I approach Crypto as my personal cow that is providing milk (lots of milk) on a daily basis.


My trading

Everyone tells people to educate well before starting to trade. Lot of people are using 10s of indicators, draw lines and do 100s of things to analyse the market. Well I don't. The only thing I use for my trading is are the Bollinger bands. It took me exactly 1 hour to learn how to use this strategy and since then I am making money on a daily basis.

Lot of people tell that making consistent profits is impossible. Now I say it is possible. I make an average of minimum 1% profits on a daily basis on my total trading balance. I even managed to let 100€ grow to over 6000€ in 1 year by only using 1 single trading tool or indicator.

My secret is very simple VOLUME!!!!

I always enter the market at a point with the general idea to get out of the market latest 3 hours after I entered. But to be honest in 75% of the cases I even get out of the market within 30 minutes after I entered. This process I do about 50-100 times every single day. I rather take 0.5% profits multiple times a day than just enter the market 3 times in a day and see 2 of the taken positions turn out in a loss and get stuck with that position.

I jump in and out 50-100 times a day with 1-5% of my entire balance per trade. By trading so much volume you can significantly decrease possible losses and can make it possible to close 90-95% of your trading days profitable.
So if people are telling 1% average daily profits is impossible, I tell they are wrong, it is possible.


I do not care about coins, blockchain or developments I only care about making money and that is what I am doing.

I am not an expert trader, dont use lots of indicators, dont do analysis but I am making plenty of money.



And guess what? The sh*t I am doing seems to work.

I moved to Spain 4 years ago and since they the only thing I do is making money with crypto trading. Since then I can make a daily living from trading even if I am not a well educated or expert trader. I trade A LOT and very efficiently.
Lot of people dream to make a living from trading. All I can say is that it is possible even if you have not that much to start your journey to achieve the ultimate goal. But I am sure everyone can make a living from trading. But depending on the amount you can start with will determine how long it will take until you reach the point of the ability to make a living from your trading profits.


So do not get demotivated. If you have a dream and a plan you can achieve everything you want. I did it and know everyone can do it.

It can even be done with only a starting balance of 100-200€ starting balance. One of my friends started his journey together with me with only 200€ to start with. Now after 2 years he is making 500-1000€ profits monthly without ever adding extra money. He just stick to the plan. He set his goal to become a fulltime trader by beginning of 2020 and I am 100% sure he will succeed, because he sticks to the plan.



So people if you have a dream, just stick to your plan. Set up daily , weekly , monthly and yearly goals and do not change your plan until you reached your dream.

Conclusion

It is possible to minimise your losses to a bear minimum by using the right method. And making 1% average daily profits are possible

In my opinion if you are aware of the market that what is coming in the future and what is the strategy for the upcoming time then i think that you can minimize the losses by doing appropriate decisions in the ready time and trading is a very sensitive job so here the profit and losses chances are high and for us crypto is valuable so if we earn profit we become more interested and if loss we hesitate for the second time.

true, for some people a good analysis is necessary but with the tool Bollingers I use there is no study necessary. I just pick up every spot that suits the strategy, no matter what coin or shit coin it is. In this way I take about 75%- 85% winnings trades on a daily basis. The profits I make on this 75-80% cover the losing trades. So in general I close my day profitable in 90-95% of the cases

Of a truth many of us invested into cryptocurrencies market at a wrong time.  No one wants to buy the dip and we always jump in when the market is in green.  The rule said "buy low or in the dip,  sell high that is in the pump" but many traders refused to follow the foregoing analogy.  If you want to makes money from cryptocurrencies market you must be patience with the market as many of us really like endurance,  only those that has patience with the market really make money from the market and the in enduring on always lose money.

Every single trader can't be profitable at the same time,since trading is just creating money from the loss of other trader so if youa re making money here means someone is losing their money on their hand.

Loss minimization is the second name of profit maximization and it can be done by not trading in the down market. In addition, if there is opportunity to own coins at low cost, it should not be wasted. These are the ways to go good in cryptocurrency market.

If we don't trade when the market is low, we can't get anything. Even though there are still opportunities that we can use, when the market is low, we can buy coins with a larger nominal amount, this is a long-term strategy because we are indeed required to wait for some time. Don't just be quiet because silence won't get anything. The world of trading is indeed hard, but we must be able to try because it will give us many results.

There are not wrong and right moment to enter the market. You just have to see whether that would be a good possible outcome to enter and also exit when you feel it's wrong.

Yep. Fundamentcial analysis works only for long term trading and is totally useless for daytrading. All i need to know before entering coin is:
1- volume - high volume coin are acting more technical - easier to predict. Low volume coins are beeing pushed up and down with every order made by middle trader (not even a whale)
2- volatility - high volatility coins for lower bets (high risk high reward) low colatility coins for low risk low reward. Volatility is often increased after pumps or dumps.


Bolynger bands dont work in my opinion. Well it might work for specyfic market condition that let you earn but for sure different market condition will come and suck all your profit if you wont stop trading seeing your depo shrinking. I heard dozens times that earning form trading is easy. Same guys few months later was borrowing money from me fro his next depo (first was zerowed). Remeber - the biggest losses are preceded by the highest self-confidence. My ass was so manny times kicked on market that now, when im on big profit and start to fill to confidence i sell everything and take a break.

Personally i do not use any trading indicator. Supports and resistance and price action with volume during hitting those. If price is closing to support and slowly loosing volume means that big investors want to exit but dont want to break support to exit on better levels. When volume is increasing hitting support means that someone is buying the deep.

Market is a zero sum game. For someone to win, someone else must lose. Markets follow similar distribution as money/wealth does in real life - small % of people hold most of the wealth in the world. Therefor, for you to win in market, you have to be top X% player. Why do you think statistics say 90%+ retail traders lose money in markets?

I would say another way of minimizing is to divide your income into multiple time periods. I have been following this rule for a while now (about since summer or so but haven't done it properly) and it has been working great. If I wanted to invest all my money at once than I would have bought bitcoins at around 7.200 dollars and that would mean I would have been down about half of my investment.

However, instead of putting all my money in at the same time I have divided that into multiple time periods like weekly or monthly (depends on when I have money) and now my averages are about 4.800 dollars, not great still quite horrible but thanks to me buying at even 3200 levels the price averages went down well and that helped me out a lot. It is really a great way of never being at risk for a sudden drop since you always have cash to keep buying.

I have respect for the art of scalping, but it takes a certain kind of trader and requires significantly more effort than simple swing trading and trend riding. It captures lots of small wins, but you often miss out on major moves by exiting way too early.

I prefer to build a core position in the direction of the current trend, then trade around that core position with smaller trades. That way, I never lose exposure to the larger move. I probably only trade 1-3 times a week though, using the 1H or higher time frame charts.

Swing trader or scalper do have advantages and disadvantages when it comes on scoping possible profits either on small on gradual base or bigger ones on sooner scenarios.
As a trader we do really like to strive to minimize losses as possible but we know its an inevitable thing but somehow a manageable thing to be done if you do know on what you are doing. Lots of trials
and errors do really needed for you to get familiarize with the market and create your own profitable trading ways.

I love this strategy. Doing same thing very often. If i'm monitoring my core position it would be a waste of time not to take profit from daytrading around core position.

Are you ending your all trading days in this way ? If it is so then you might be doing a perfect way of trading. I wonder how you are able to finish off 75% to 85% of trades in winning ? What are the trading strategies your following  other than Bollingers  bands ?

I manage my trading profitable for a month but definitely not on daily basis. Because I am not trading on multiple assets at a time. Focusing on multiple assets is a problem for myself. I am into a new way of trading strategy which is based on combining more than two technical analysis. When there will be a coincidence of levels from multiple strategies then that must be a more accurate prediction. I just start working on this type of strategy. If this will work fine for me then I guess I also will be able to manage multiple trades at a time.

I have other accounts that i use for different strategies and where i trade for bigger profits. But the accounts i use with the bollinger bands combined with dip strategy i make very good profits with a very high succes rate. At this moment i am even doing a 365 day challenge that is updated here in the forum. I am trying to build up a 100$ start balance to minimum 3778$ in 365 days by 90% only using this dip strategy with the bollinger bands.
I set a goal of 1% daily profits on my balance. At this moment after only 1 days of trading my balance grew already with 30% profits

We can make much profits by maintaining the trades with small profits and losses but it js not possible for too long sinfe the market go bearish at most of the times so we may need to hold longer to recover from the losses.

1 percent of each trade done is still possible but I am also not sure that this will happen if the market is in a bearish condition and also, after all, not all kits will profit, even in markets that have large volumes. Indicator technique in my opinion, not too influential, it's just about the time when you enter and exit the market

If you are focusing on minimizing losses then there will be plenty of chances to get big profits. Unfortunately no traders are focusing on eliminating the factors which are leading to losses but they are simply focusing only on positive things. This is the reason they are getting struggle later on when experiencing some unexpected market conditions.

If we focus on handling unexpected losses then we can stick within our trading plans to find out the maximum profits.

Are you sure about Bold part ? If yes then I will not agree with you and my opinion will be that still you don't know what is crypto trading. Trading is just money circulation, you are selling your coin means someone buying from other side. You are buying means someone selling from other side. So always someone will loss on single coin. It's same for all coin and all traders. For example you you bought a coin for 1$ and you sold for 2$, means someone bought it by 2$. Imagine price drop on 0.5$, so who bought for 2$ from you he is in loss. That's the trading, if you are winner always be loser on opposite side. Everyone have own criteria, and they follow that. That's why sometimes we are gainer and sometimes loser. It's crypto game. It's true most of new trader will on loss on begun.

It doesnt mean the person that is selling is loosing. maybe initially but not always.

for example. I bought today XRP at 0.3575$. You can not say that the coins i bought are from someone that bought at a higher point. So maybe he bought at 0.35$. After that i sold mine @ 0.362. So also with a profit and the person that bought mine will hold until he makes profit.

I never said that every trader is profitable. I quoted that every person can become a profitable trader. The traders that are in an overall loss can only be in loss cause they panic sold at a lower price than they bought.

I helped out several persons in the past that even knew anything about crypto. I had a 3-4 hour private session with them and every single one of them was ready to start trading with just some basic techniques and strategies. And every single one of them are in profit, not a single one in loss.

So if you ask me ' can every person become a profitable trader?. Then i say yes. The only 2 things that are necessary to exclude are PANIC, GREED and i basic education. You even do not need technical analysis. I never analyse charts myself. I just use 2-3 easy to learn and use strategies to make my money. And it makes me good money, cause i sold my business 3 years ago and after that i can easily support me, my wife and kids with my trading earnings.

I agree with you those who buy and hold longer can be in loss. But what i am saying is that everyone can be a profitable trader if you day trade like me. I never chase huge profits. I close multiple trades daily that even sometimes bring me 0.3% profits but by doing this 20-30 times a day i easily make 1-2% profits daily.

The only ones that loose are idiots that lower than they bought!!!

We can also make profits in bearish conditions but we need to wait for a right entry and exit levels. Sustaining prices in bearish market is a very good entry point but you need to take profits as quicker as possible because market may fall down again at any time. I agree that we should maintain our trades with small profits which be good especially in this bearish market conditions.

It's not as hard as it may seem to benefit from a bear market. All you have to do as average trader/investor is to open a short, and have it do its work in the months, or even years it's slowly going down. The only thing you have to carefully look at is the leverage multiplier you use. Too high could work against you in case the market pumps beyond what you thought was the top.

2x leverage as long term short works perfectly fine since it allows you to catch up a move in the other direction without any problems. People's problem is that they use 10x or even 25x in some cases, which either means they are gambling and hope to score big very fast, or have a stop loss set just a few % in the other direction. I prefer to let the market do its thing because it's impossible to time correctly.

There is always that unpredictable range you have to take into consideration.

You definitely make sense because I have seen alot of good market forecaster/predictor which end up making losses instead of profit because he dont the right time to enter and exit the market. However, you said indcator are not influential but to me indicator it gambling.

Perform calculations when we do before trading. because this is important to be able to avoid having a bigger lose. and can also regulate our emotions in trading and lust

wow you are cool, strong self-confidence and successful in crypto trading without being influenced by news from the media, and I thank you for sharing the tips that you use for crypto trading,

I am completely agree with the author. In addition, want to add that educating yourself with Technical and Fundamental Analysis is the key to success. Blindly following and buying without study will led to loss only. Whether it is trading or long term investment, education is must.

There are right parts and there are wrong parts. First of all its true that there doesn't have to be any loss in trading if you follow OPs logic, yes people could buy coins and than sell for higher and the people who buy that will sell for higher and we will continue to have only profits and no one will lose. But that is theoretically possible only in theory.

There are absolutely no markets in the whole world (not even a single one) that only goes higher, you need to have both ups and downs in all markets and for that to happen you need to have people that sell for less than they bought.

Sometimes you can make profits while selling for a loss as well, you can buy from 6.5 thousand dollars, sell at 5 thousand dollars and rebuy at 3 thousand dollars and you can have more bitcoins that way, of course you need it to go back up eventually but you can "profit" that way as well.

We definitely reduce the possibility of getting losses in trading very easily it is all about your time and experience when you are wake up at the right time to sell your currency it will be the reason to get good profit if it happens when classes will be reduced very easy.

I don't see how this is a viable option to make profit. It's more like an accidental advantage rather than a well planned move. In other words, it's a move largely based on luck and thus not something to recommend.

It's always easy talking after the price has tanked hard. What if it went back up after $5000? I'm sure that you wouldn't be happy with yourself in that case, and likely panic buy higher to get rid of the bad taste in your mouth.

Hodl is what people should do. You could always choose to long whatever you think is the bottom in order to end up with more coins than before. There are various platforms you can use for that.

I read even though it is a little long. I liked it because you have written this article sincerely but there's no such thing as what you're writing will always work for others. Ultimately, everyone has a different style of trading, everyone has different methods. some of them do trade with analysis and some of them with emotions (I'm going with analysis and logic). Whichever trade technique makes you feel safe and determined, Should go with that technique.

It is good to educate other people, but sometime they not want to learn about it. Well, it is depend on them but i see a lot of people not have any method even analysis or maybe emotion. And they always end with loss.

The people you are talking about are people who have already agreed to lose and financial harm. there is nothing that can be done for them :) The bad thing about this situation is that the number of people mentioned is increasing :(

Well i trading it's best to just focus on your own trades. Take into consideration other people's advices and techniques but mostly you can formulate your own through your experiences. You can share what works for you but don't expect most people to heed it to the letter.

Lol, I’m not the only one that finds it funny when I see people saying that there is no money that can be made during a bear market lol the problem with these people is that they haven’t given a try, they just sit there and say they can’t make money during a bear market without doing anything. There are lots of people making money during bear. I realized that after learning from a friend of mine the right strategies to make use of during the bear market.

Even we experience bear market we can still earn and we can able to make money. I also earn money from this bear market because I do scalping even you need to focus in market and in chart it also enhance my skill in trading. Do not ever think that bear market will not give money.

That't true lot of people don't even take the risk of the bear market they just making their own way and always complaining on their words because they don't have fear to face those things and afraid to loss on their money.

I've been using Bollinger Bands before. But now, I totally removed that in my indicators. Though, it is a good way to predict where to enter and to exit everytime it squeezes, I was still confused. Right, volume has a big role in trading. If you just know how to read volume and chart, you can still survive. Anyway, your approach can be effective for some but we have different strategies.

Your method is really good but it's too safe compared to the specified level. I think we need to be more reckless in the crypto market. there will be a few coins that will go up very high and we should not be too safe.
Safety only makes us grow slower than other traders.

My opinion is when a trade is doing their proper work it will always been profit for him there is no losses will happened in this meeting will be very very low percentage of possibility so if anyone getting a loss from trading it will always his mistake only not about the market will not victim for the situation.

I guess we can do this by working with more reliable sources and not jumping into every opportunity. It is not possible to reduce the loss completely, for that we should not trade for it. But, with smarter risks, we can reduce the loss a little.

You can definitely make constant daily profits in a bear market situation. If you have got in-depth knowledge about the market and the price movements then you can make some profits even in difficult market situation.

Constant daily profits? The best legacy traders in the world with the best sources of information acknowledge that they some times lose for weeks straight, and you think it's possible to profit every single day in a market that's super shaky? Right. ::)

I have seen so many people claim that trading is such a fun thing to do and that it allows them to make x % per day, yet they continue to complain about prices going down. Every semi ok trader doesn't care about the direction; volatility is all that matters for them.

In the end, traders don't even care about what coin or asset they trade. As long as there is a decent level of liquidity available, they are ready to go.

I do not really believe in forecasts, but I think that the analysis is still necessary. The main thing to understand that there is never a 100 % guarantee that it will happen exactly as you intended.

I think that I can make important recommendations for many investors if I have to talk about my own thoughts and experiences. First, I would like to point out that every investor must learn to use the "Stop Loss" and "Take Profit" features before making any transactions. Although these two features cause us to suffer from time to time, in many cases they have life saving features. In addition, the other advice I can do to individuals who do trade in a panic will not do the transaction. If you think you are going to act in panic, you should immediately close the trade screen and pay attention to something else.

Everyone has own technique or tool, so you should respect as we also respect your tool in trading which is Bollinger bands, using some other tools in trading is not bad, as long as they provide technical analysis on every trader. I also agree that Bollinger band is a good tool for trading, I remember before I started to trade, I also used this tool and I agree that it is good for short term trade or scalping method just like what you are doing.
I want to ask, how do you use the volume on your trade? What specific analysis did you consider on the volume?

Of course, you can't blame the market and the situation if you lose. there is a knowledge that you have to explore, so you know when the price will fall and how to manage that risk so that it doesn't harm you, all you have to do is learn it, if you lose it certainly is your fault

Sentiments and analysis are very important if you want to know what would be the next move of the market and you don't have to make a wrong guess. But the market is always unpredictable that's why most professional traders are still losing but if OP tells that there is a way to minimize losses then most pro traders are doing it first but they still lose, no matter what the odds are if you still lose then that proves that the market is very unpredictable.

To minimize the loss there is a solution that is to diversify. This can be in the form of buying 10 different coins, (or more to further minimize).
Or invest only a certain percentage of your portfolio in cryptos (let's say 25%) and the rest in other investments, whether it is gold, stocks option, funds... 25% in each investment is a lot safer than 100% on a shitcoin


A lot of people here think they're professional traders. One day they will apply to work in a bank, they will say on their CV that they traded $100 in ETH :D

My opinion is analysing the current market and making the right Move for the the current situations will give the extra success for our work because this time we need to be more careful when we are doing any type of trading so everything will be e important to be get the profit without less amount of losses.

I firmly agree that it is always better to invest in multiple investment firms rather than just a single investment. There always is higher profits by dividing our investment into certain pairs.

There are a lot of precautions which once followed properly can avoid all the losses and can cause profits ahead but it would only depend how deep we research and on which field we are investing into. I can't predict about any other markets excluding cryptocurrency markets so i would personally try avoiding those investments and try investing into several coins and genuine ICO projects which would be worth giving it a shot.

It is very possible to minimize possible looses and at the same time make one percent profit from your daily crypto currency trading only if and only if you are a good trader and keep to your trading method and money management policy.

Understanding the trend of market is one of the important thing in crypto trading,  we have to enter in to this market when bullish trend only. Use risk management is second important thing, we have to use stop loss and trailling stop for each trade.

Well usually it's a person's own greediness that causes losses. If you have a plan and your target is hit, be satisfied with the profit. Don't try to gamble for bigger ones because that can cause a domino effect of emotions that can very well get out of control.

There is no one to blame for the decisions we make so indeed we can't blame any errors. Now, if we consider newbies bearing profits into trading goes mostly with their luck as trading really needs a lot of skills, patience, etc to understand and act onto the graphs which would mostly clear the future of the coin.

Also there are a lot of other essentials factors which are necessary in trading and unless and until we learn them, it gets much challenging to bear genuine profits. The more deeper you go into trading the more knowledge you gain no matter you face profits or losses, always stay knowledgeable and you might surely see something goof coming ahead.

But we could also enter the market when the price is down because that will be our chance to buy any coins at a low price. After that, we don't have to do anything because we only need to wait for the price to increase higher so we can sell and make the profit. That could be a way to minimize the losses in trading, but there will be no guarantee to see the price will increase after we bought.

Thats right, that's what we can do, with reduce risk in trading. You can do that by enriching yourself about the science of trade, strategy, and honing your skills. if you want minimize losses, what you can do is cutlose or try to recover by trading on another coin

But let me get something right, isn’t the bear market actually the right time to enter market and accumulate much coin as much as possible before the bull trend because during bull trend, price would have been too high for any investor to come in at that time, just like the bear market we just witness.

Though I am not sure if we are fully out of it, it was when market went down that many people started buying coins against the bull market, except what you mean is that it is best to trade during bull trend than bear which I equally agree with that because prices tends to fluctuate a lot then which will be a good point of entry for good traders.

HODL. For at least a year. If you're that much afraid of losses, then just put your money in a well researched coin and leave it there for a long time. Day trading is not for people who are afraid of getting losses. Though the longer you're active in trading the more you'll be ablenti cut on these losses by accumulating skills to better read the market. Actively trading would be your long term solution if you're determined to excel in day trading.

It does not guarantee a profit, we can't determine how long do we have to hold, that depends on the situation actually.
Like last year, the whole year was bad for holders as we are witnessing how the price constantly going down, and therefore it explains holding at least a year gives profit. It has to be at the right timing,  even if you hold for 1 month but the price was already achieve, you have to sell without hesitation.

Indeed, and now I'm visualizing all those people who believed on those youtubers that says 'it's now the best time to buy bitcoin' or 'the last time you can buy cheap btc' and etc every month in 2018. And that situation taught me that if I'm going to invest when it occured, I will buy 10% of my capital and then observe then buy again after 3-4 months to be sure that I don't lose a lot when I'm in accumulating.

In my opinion, the best way to minimize the loss in trading is your investment in the down market. This is no doubt a good way to make things happen and a rise like this will add further value to the initial value of the coins you have. Always try to trade in the leading coins because they have high volatility and this volatility actually makes it very prone towards price rise in the market.

Avoiding losses or maximizing profits are same thing with respect to trading always. Hence, a trader just always need to focus on maximizing his chances of cracking big profits for his capital which will lead to avoid losses ultimately at the end of the day. Just focus on research and analysis and you are all set perfectly.

There are people who want to stay in the market regardless of the rise and fall in the market value of the coins. They are in for the ideology and understand that the future value of Bitcoin and other coins will be very high and they just do not want to miss out staying a part of the digital economy. A man in for money will minimize the trading cost by investing in coins when they are down. The profit could be claimed between a bear and bull market.

Cutting our losses is just reducing only our possible losses, so even if a little, it's considered at cut loss. Risk management is the key here, every successful trader has their own risk management because I believe that it is much better to earn small profits slowly but surely than earning big profits but you may also lose hugely.

Every on can not be winner is case of trading:

• trading is a zero sum game
• one who can control emotion can be a good trader
• no proper stop loss can liquidate the funds

Thats the way by cutlose, you really need risk management to be used, you have to look at market conditions and determine where the price will go, then you can determine whether to sell or hold, if the price falls then you can minimise the loss by selling it

to able do this we need skill in chart or technical analisys.if we understand it i am sure we will understand how and when we have to cut loss or hold our position.

Nah! Even if you're an efficient trader and can be considered as skilled, you can't guarantee the amount of losses you'll get all the time. The market can swing contrary to your prediction pretty randomly.

Yes it is very important to know how you will become a good analyzer, you will have to visit those informative sites which can increase your knowledge and it can give you ideas how to invest and trade profitably. To minimize the risk of lose you will have to make proper plan and then trade for the long term as price recovery takes time until then we will have to wait.

There have lot traders who like to buy coins when it start increasing. But they don't think that it’s very harmful for their investment. So we need to buy at dip to make our investment safe from losses.   

Thats one of the traders/investors strategy  . one buys a coin when the see that that the coins value is increasing because they think that the coin can continue to increase while the other one is buying a coins at the dip because this is the only time that they can afford to buy more .  both strategy are nice but they must consider to choose the best coins to be able to make their strategy more succesful  .

We can't stop those non sense investments which are the reason for panic selling as well.If you believe your coin then no need to panic for small or moderate correction just can continue to hold.

Useful article, thank you! It’s really very vital to enter the market at the right moment

Totally agree! Unfortunately, a lot of us struggle w professional market forecasts?

I often use forecasts on the exchange platforms I can trust. My last finding in it was velvet exchange https://velvet.exchange/#/ But u do ur research on them, it’s not an ad

Thanks, man

That is truth as many of us only focusing on the profits that we can make.  I think the best thing to do and understand as a traders is to know the right time to cut loses and when there is a profit opportunity the right time to also take profits.  If we focus on the profits alone it will be difficult to succeed in trading.

I've always wondered if it is possible to make a profit without bothering to study charts, news and other information. In fact I have always tried to be more reasonable in their transactions. I was very interested to read your story and I will definitely try your strategy.

I also use this scale for additional information about the state of the coin on the market. But I reinforced it with my knowledge about the trade and about the market in General. Your strategy is not bad, but for me it will be more reliable to trade with the understanding of what I do.

Yes. To be a profitable trader, we should always grab all the chances that gives us signs of making profits. Even if its not that huge, we should still find ways to make profits consistently than to wait for a bull run to return and only by then you can make profits. Atleast we should know the do's and dont's in trading, we are still able to make profits somehow.

That is true update news and trend are wasting time but some people use it to make possible profits because sometimes people are fast encourage if the news came from the reputable personally and they made quick investing. But if they have not enough for that all kind of study and searching just monitor in the marketcap about the coins situation tominimize loses.

I have this plan that I will only hold because I have trust on my investment that it will increase in price very soon and it will be able to sell it again at higher price, we can reduce our risk by holding and be patient, it is important to hold and never give up after once you buy, keep it in mind that in crypto currency you will have to face so many rise and fall but just have patience.

Can't just fully rely on what news spread around,  some of them are fake and no basis for their reports and market speculations. For us to prevent from losing,  we should be relying on the chart and buy studying the market flows we can even what possible trend we have. But we shouldn't be confident enough cause of its volatility.

Relying on a news and holding the assets with the hope of price increase is good, but we need to research whether the stated news is a true one. Another thing the news source needs to be verified, because if it is revealed from some unknown identity who doesn't have anything relative to the project then the news is mere words. Good is to study the market flow and go through the chart and when it comes to volatility it has to be taken in consideration but that shouldn't be taken as a negative factor of the market.

Anything do really needs some verification or in depth research before making any actions towards that kind of new and making some analysis on your trading system.Minimize losses is one of the targets as a trader and making yourself self proficient and even on making some gradual profits would be already considerable as long you do know how to handle yourself or simply on risk managements.

Maybe we should invest in more Altcoins. They will give us more safety. Because putting a lot of money into an Altcoins or a basket of eggs is very dangerous. If you choose the right money to join the investment as well as trading but at the wrong time, the loss still occurs.

if you want a minimizing possible losses, you have to be smart at seeing opportunities, grab fast that opportunity,
like selling on time when the opportunity is still there, save your profit! it is one form of minimizing possible losses

You minimize the risk by spreading your investment in different altcoins, however I suggest you also consider bitcoin because right now
it's the most stable and dominant coin, if bitcoin will fall the rest of the altcoins will follow, that's how the market behaves so far, so the risk is still high.

  With a wise strategy and knowlegeable deliberation, we can minimize the possible losses on trading. On trading we have to be wise on choosing a liable coins that gives wealth in return, but we have to be aware the possible consequences that can also make us to feel anxious and lead us to gain loses.

Maybe much better to split your investment, 50% will stay at bitcoin and the other 50% will be for the combinations of those well known alts, it's really hard to make a certain call as many projects are falling apart, needs to be more optimistic in times like this, go and find alternative project that have promising progress to offers, if you are willing to take the risk, minimizing your losses needs to hold for long term if your position got ruined, never to
sell if you trust the project that you are holding.

So we should have to invest in altcoin but also not to invest on altcoins. ::)

You need to clear your mind before making a statement as well as the trading plan,altcoins are more risky so if you are investing on it you are taking the risky move ahead.Diversyfing the capital might reduce the risk factor of losing your capital but there are many other strategies are also available to minimise losses.

Yes, buying your coins at dip is the best strategy to minimize loss in tradings. This is a very common concept and every trader is aware of, but not following in real time due to greedy kind of other reasons.
One can make possible easy profits in the crypto trading by following this strategy.

Moreover, it also depends on what coin are you are focusing. Bitcoin and ETH both have been a bit good in the market lately and it is the best time to start making use of this strategy as still prices of most of reputed coins are still cheaper.

It is always like taking the chances to be better than before because the losses are always common for everyone but how we can reduces to a minimise value is the way to success and I think it will be easily possible to manage everyone using their experience only.

to minimize losses in trading I am used to dividing the capital that I have in several different altcoins. it helps a little to minimize losses in the trade that I do, if they don't fall together  ;D ;D

Losses are ways of gathering experiences for a better trade but losses too can also be minimized, we don’t have to wreck in the name of learning through losses before we can get it right, and for us to get it right to minimize loss, we must first have the right strategy to apply to our trade, once we have the right strategy, we will be able to decide the best time to enter a trade.

Another vital way of minimizing losses is to make sure that we have our stop loss tools handy, we must have a profit target and also loss target and we should not be greedy in our trade, once we can apply all these little rules, then we will have a smooth and loss free trade/ investment.

That's what I do also when I trade my capital I divided it into different altcoins and for sure most of us are doing this and this is way of minimize the losses of the capital in one dump of the coins. But you can try to use other techniques to minimize your losses.

OP is coming up with quite a good idea and will really help me and not just me., but every other person that doesn’t know about this. Though one thing I would have loved to know about is the exchange you make use of whenever you’re trading. That would have really been of great help and another thing I have got it say is that I’m not the type that finds it easy to believe that people are making a living from just trading alone.

I always find it difficult to believe that someone can live their life by being a full time trader, seems quite impossible to me cause I have never seen anyone doing that. Even the experts I know personally still owns a side business they are into.

One of the most common enemy of a trader is the emotion especially when your fund is at stake. Panic-buying and getting in FOMO state is a result of emotion uncontrolled which lead mostly to losses in trading. On trading preferences, every trader has his/her own style of trading. I also use some technical analysis, price action and volume but most important is to develop your strategies and avoid emotions to minimize further losses.

I couldn't agree more with you, it is about taking the risk and have the courage to face your "what ifs" in life, because you are not getting anywhere with that, you'll be stock forever asking "what if" and that will drive you crazy. No one can predict the future but you could make your own future, you are the one who is going to build your future, you can't be successful without failures, so there is no need to be afraid of failing, you just have to try and try until you find the right one that fits for you.

And when you find it, you gotta embrace it, nourish it every single day so you will grow even more. Each of us has our own potential, maybe some of us are not good at trading, but good at something else that is related still in cryptocurrencies, we just don't have to compare ourselves to anybody who is better than us, because we are better than what we think, we just have to get out of our shell and face our fear no matter how big it is to be a successful person one day.

Upgrading your skills and keep your confidence high, emotions is really killing every investors mindset, buying when spreading news are there invoking investors to ride with the running train but forget about the possibilities of being trapped since whales can always interfere with the movements, then selling after seeing downfalls as fuds begins to push everything down, always results of failed investment.

A good review, it is true everything you say, our failure to invest in crypto is because we are not good at buying coins in the market, and because greed makes us get nothing.

One should always be mindful about the market price at which the coins could be owned at the lowest possible price. This is very important as it maximize the profits in the business in the long run. Since there is no perfect market and no perfect trading, I think that it is not very easy to make money in trading if you do not have the required knowledge and information about trading. But since this is not so impossible to acquire the knowledge, you can make money.

Sometimes i don't blame us traders for that buddy. We are in an ecosystem where many of the projects have failed to deliver what they promised or intended to do. And this is also about money we're talking about. People hence resort to anything that can fetch them money and that's why that thing happens. Any "useless" newd can even pump a coin lol

It is all called the combination of the skills and knowledge. Possible losses are not avoidable and there is no concrete way to recover it. In trading, the professional finance teachers can fail even due to lack of the required skills.

It is just lack of proper understanding that makes people to trade with emotion, there is always a learning stage before trading where one would have fully understood how the market has been operating in the time past, and how people have been able to overcome and also use strategy to always win their trade.

Most times, I see that we just neglect the proper understanding and head straight to trading because we need money as quick as possible, out of this rush, we end up giving in to our emotion and messing up our trade. We really need proper knowledge and understand of trading to the peak before going live.