Bitcoin Forum

My Luck is not for Trading, I think Trading is not for Me.  I try it many time, and i understand that trade isn’t for me. Every time i lost my Satoshi on Buy/Selling,  becouse i haven’t any expression about Coin Chart, buy, sell and about more.          

If you want to trade, you don't have to depend on luck. You can't make a profit if you open a trade at the wrong time and depend on luck. I have seen lots of traders whose main reason for losses is that they know wrong about trading. Understanding the movement of the market, requires correct idea about trading. Need to build your own trading skills. If you don't have your own trading knowledge, you will lose. Because new traders make losses only because they do not have trading knowledge.

Trading is for everyone, maybe the strategy using for now is not that fit for you, we all know that trading is hard these days that's why you don't need to stick on a single trading pattern and you should it as a trader.

Have you read about the discussion here in trading? did you follow the fundamentals? tried to use any e-learning materials? maybe you are just too focused of a thought to "make profit easily"

^ I must agree you don't need any luck in trading ( maybe sometimes, but very seldom)

Crypto is more than just buying low and selling high and crypto trading is only not for people who are greedy and cant control their emotion which i believed was not your case because it precisely lack of crypto trading knowledge that led to your lost.

You need to have knowledge about chart reading with the inclusion of news, whales movement and mining difficulty which are what influence the market price before you can be a successful trader.

Since you have discover this, it is better to have a break from trading and possibly start using some demo accounts. This will assist you to have real time trading experience without losing your real money. You can check on hitbtc exchange they have demo account. No one is truly professional but learning from past trading mistakes is what really make you a better trader. When you are losing money continuously without looking back to what you are doing wrong, they it becomes addiction just like gambling

I think that trading requires a lot of patience, study, experience and luck... patience and study you can acquire if you work hard and focus, experience is something that can be found by actually trading and failing... luck is the one you cannot control...
I am also not a natural trader, the chart always draws the opposite of what i'm thinking... and my entry and exit levels are usually messed up...so i just hold in hope for better days  ;D

That is true, trading requires a lot of patience and thru experience, one can gain some tips on how to deal any coin in the market. One should also acquire the basic knowledge of trading as it will be the foundation of anyone in this market. Though most TAs are not applicable in crypto trading, yet, knowledge of these will be your weapon to fully understand what's going on.

long term trading still is a trading. how about buying BTC today and then probably after 6 month you sell it? who knows the price could be higher from the price today.

sometimes you just have to focus on where you are good at doing something. losing money these days while there is no job available due to lockdown isn't good. you'd rather be providing services than risking money by short term trading trading.

It's better you to stop a while when you think trading isn't for you. In trading, you need to learn how to use cut loss when you think it would be going deeper and take profit while you think it will reached the peak. Some people can't take those moment and as the result they are ended up losing more

Sorry to hear it out buddy! But i would like to ask on how long you've been into trading? Are you just new or been trading for years?

If you are just starting up or just new then i would say that you shouldnt easily quit yet mistakes are inevitable and take these loss as a part of your learning.

Trading cant be learned overnight thats why you would need years and continue to learn as you do make trades. You arent the only ones who do commit

such common mistakes of buy high sell low thing.

Trading is one of the riskiest things we could ever do in our life because it takes a lot of up and down and also the market of bitcoin is volatile it takes time to analyze what is the next coming movement of the coin. Losing your money is part of the market trading even the professional traders experience losing a lot of funds. On trading it's not just to buy only you can make a short or sell too also makes a lot of time to read your trading indicators to identify the next market movement which is it takes time. because sometimes it's on 30 minutes mark. If you think you lose all of your trades also I think one of the factors is the trading market because you need to make it a good and exact trade don't trade too much that you cannot afford it may lose immediately all of your money because of this kind of mistake. Also, I'm not a beginner and a professional trader but I give a lot of time and effort to read a lot of news abbot the trading coin I will use and also what are the open and close of the traders or when is the vigorous time to trade so you can make it easier to earn a profit because you are aware if you think trading is not good and not with you better to stop immediately because it may cause a lot of losses on your funds or just a take a break and take time to study.

Confusing luck for skill when trading is one mistake that no trader should fall victim too.
Do not see trading as a luck scenario, treat is as something that you understand how it works.

Make sure to understand the basics, the professionalism of trading crypto currency by mastering the arts of trading analysis, and setting up a trade strategy,

Also, learn to understand the type of mistake you make, so that you can re adjust, relearn and improve your trading skills

If short trades doesnt work for you then go for long term holding by just simply storing up your coins into a hardware wallet and wait for years for you to profit if you do really find out that active trading do only cause loss into your side.There are really things which arent really meant for us and if you do already tried your best for a long period of time and it seems it doesnt work then its just wise to find  an another way for you to make investment and not just forcing up into things which you do saw that it isnt really suitable for you.Some saying that we should try hard but we can really feel into those moments on where we do already give our best
but our best wasnt enough. lol!

Trading is about knowledge and skill if you have that capability to trade and wide marker understanding it could be a tool for you to succeed in trading. But you are wrong thinking that Trading is a luck-base game because it won't and certainly be not.

It was then to admire you that you accept it and not to push your self into trading which you found yourself uncomfortable in doing this. But just wanna tell you that crypto is wide open if you would decide to trade back again and take the risk. May you quit this time but could it be possible to have a strong come back if you are also back-up with knowledge.

I think that the issue is not a matter of luck as much as it is a matter of learning and experience, and this comes through knowledge, reading and following up on education channels, YouTube and others. It is not wise to start trading before you have sufficient information about trading, trading methods, risk management and other very important things that you know before Starting trading, you can change your luck dear if you start studying and learn the analysis and methods of trading and follow the news and then try your luck again and I am sure that your luck will change then!
Most people start their business with failure because they do not have enough experience, but with time and learning from mistakes all this will change so do not despair my dear and continue to learn and try.

The first time I started trading, I get the same experience as you. I lost my satoshi, even every time I start to pick the coin. I then realize that trading is not just buying at a low price, but more than that. We need to learn from many sources and don't stop to learn to trade because without having enough skills in trading, we cannot get in time to buy any coins.

Perhaps, you need to take a break for a while so you can analyze what is wrong with you, and how you cannot get the right coin. Perhaps, you need to learn more about trading, and don't forget that in trading, you also need to control your feeling, especially greedy, and it's not easy to do. Don't say trading is not for you because you probably learn to trade in the wrong way, so you don't understand the point from each lesson you learned. Don't give up @OP. Many of us also get lose, same as you.

Doing something without knowing about it will make you to lose your money, trading is also the same kind of thing.Each and everyone who is trading cryptos are losing at some point but what we have to do is to keep our profits more than our loss so we won't go bankrupt.Trading isn't for everyone but you are in need of making money in short term then trading is one of the best choice available but before doing it we have to learn the strategies, analysis and how to choose our coins based on our trading span.

Don't feel too bad. In a recent study, 97% of day traders lost money over the course of the study: Day Trading for a Living? (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3423101)

Granted, the Brazilian equities market (the venue for the study) occurs to me as especially risky and volatile, but I've seen similar numbers in the forex market too.

Trading is hard and most people don't realize it takes a lot of rigor to succeed. It took me a couple years before I became consistently profitable. It sounds like you're trading without a plan and without any risk management. If you want to continue trading, that's where I would start:

10 Steps to Building a Winning Trading Plan (https://www.investopedia.com/articles/trading/04/042104.asp)

Risk Management Techniques for Active Traders (https://www.investopedia.com/articles/trading/09/risk-management.asp)

Don't stop bro, keep trying.

This is really hard at first but most of the experienced traders and investors also experienced that and they learned from it. Investing is different from gambling, it is not about luck, it is about how you roll.

Learn from a lot of videos online, people are also sharing their methods here so it will really help you in a lot of ways. Since you might just be starting, follow some people since there are those people that also shares their investments. There are a lot of ways bro, try them before giving up.

Trading never depends upon luck as long as you don't treat it as gambling. Reading your words, I assume you were treating trading similar to gambling. You have to understand what technicals are and it would help you chart a better graph whivh would than land you up in profits. Trading has never been easy. You need to work hard in order to earn profits from trading.

It is always better to stay away from trading if you are landing up in loss each time. Better learn first before earning.

If you fail in any work, it doesn't mean that you can never do that work.
I have seen your profile. You join many bounties, if some bounties do not give you profit, then you will also leave this(bounty hunting)?
I don't think it would be good to do this, In the same way, you should keep trying, one day you will become a successful trader. And watch videos on Youtube about Crypto trading, maybe you can find some good tips or methods.

Trading is for everyone but I an surprised that the OP has already concluded that trading is not for him because he makes losses simultaneously which was through his mistakes of not doing the right thing (which is learning the basic characteristic of crypto trading) first before he joined crypto traders.
Nevertheless, every experienced and successful trader you see today also started with lost before learning from their mistakes which lead to their betterment of today.

It will never be a failure if you don't give up. I also used to be a big loser in margin trading and forex trading. But then I rested and looked back on the stupid things I did. After that, I started to learn more about trading knowledge, read some of the best ways to manage capital, and now I am gradually regaining what I lost. Here, the special thing that I would recommend is that when trading never listen to others. It will only make you more distracted and easier to lose.

If you give up already all the hard work and money you lose will go to nothing. Don't expect to get profit too quickly it's not gonna work that way and even the experience traders can also lose if their analysis goes wrong. You have already there so continue with what you started, I'm also a beginner in trading but I found out that its really hard to learn about. It really takes a lot of time before you can do your own trading strategies and indicators.

In trading, nothing is easy especially if you're a newbie and you're just starting to learn more about it. I just want you to know that mistakes are essential and is a part of it, it is impossible for you to not to have a mistakes if you're a beginner. Don't say trading is not for you, but keep in mind that the reason you tried it is because you want to grow more.

You should've start it with yourself, you need yourself to grow more before your assets. It should start with you, if you work hard to learn and become better in trading, then things will fall in to its own place. Don't give up if you still can do it, I know it is not that easy but you need to endure it.

Be courageous every time you trade, nothing is certain in this world, every thing requires effort and hardships. I don't want you to have that mindset towards trading, in cryptocurrency, you should be patient and wise.

Try another if you are having a difficult time with bitcoin trading.
Different pair.
Maybe ETH/USD or XRP/USD.
It should not end just like that. Don't forget to not base it on luck also. That is not how it works.
You need to spend time monitoring the prices and also how much you are trading to see the results better.

It is very difficult to trade on the futures market, but for the spot market I think it will be different,
I already have experience in the spot market for more than 2 years, and indeed the emotions are more controlled in the spot market

In the past on this forum, there had been a lot of people shared about quitting trading and that this community has been always tried to convince them to learn and then to proceed their trading; not sure what has happened to them after that but there are responsible community members here who are always suggesting about learning so that people will never need to leave off crypto trading.

There cannot be anything to do when people are getting frustrated and then deciding to quit trading, other than suggesting them to take a break and then try to focus on learning part of trading.

I never agreed to the myth of trading is not for everyone. Definitely it is suitable for everyone because there are different kinds of trading approaches are available and definitely at least one type of trading will be profitable for OP as well. I'm seeing a lot of people are sharing like long-term holding of bitcoin is profitable way of trading for them; I believe it is more suitable for any trader.

I understand how you feel, because most of the newbies and inexperienced ones are having the same journey as you. I was there like you too, been there done that. You're not the only one who has this kind of issue.

Trading is not an easy game as it seems. From the beginning, there were always learning curves. As your skills go up, the difficulty goes higher as well, and it's totally up to you if you want to continue or not.

I have to agree that trading is not for all of us. Not everyone in the cryptocurrency and blockchain space are focused on trading. However, if you really want to master cryptocurrency trading, you need to educate yourself by becoming a skilled cryptocurrency trader.

There are lots of sources for you to get educated in becoming a skilled trader such as Youtube videos from crypto traders, NewsCrypto, TraderCobb, Udemy, Trading Heroes and so on.

No one is forcing you to continue though. If you give up, then that's your decision and not ours.

You start with the adjective of luck! Well, you are already in trouble if you enter with the mentality of starting to trade by luck.

The trader is open to everyone, but you must understand what you want to do;
e.g. just having dollars does not mean that you are going to enter the world of currency trading.

You can change your dollars ....because you simply go on a trip to another country and you exchange to the local currency, then after some expenses you have some coins (Fiat) and you want to exchange them into dollars, but this time there are three exchange houses and they all offer a different currency exchange, you choose the one that suits your conditions In general, a better currency exchange requires higher amounts, others pay less but accept small amounts, etc.

Or simply at that moment that you change you get the price of the day to change to dollars, but maybe you did not even realize all that process, because you only want to pass your dollars to local Fiat and then from the local fiat to dollars.

In cryptocurrencies it is no different, many only invest or receive payments and need the money for whatever reason, so there is no time to evaluate much and they exchange.

But some, I assure you that they begin to realize with the time of fees, the volatility of bitcoin (eg) and then at least they begin to understand that their profits can be better if they start studying the market, when that happens a merchant is born who wants to start earning income from the sale and purchase.

So, it is not that the trading is not for you, it is that you are not preparing for to trading or you just do not know very well what you want to do.

__-___
There are many types of traders:
1.-The one who simply needs to make a change for whatever reason, food, emergency, responsibilities, etc.
2.-The one who arrives and simply makes exchanges, has no idea what he is doing. *
3.-The one who says "I want to become a millionaire"
4.-He who sees the price rise and sells or buys.
5.-The one who wants to make Hodl.
6.-The one that makes Hodl and adds more coins.
7.-Some other that escapes me and I have not named.
8.-The one that is in all the previous ones, but is no longer in number 2 (*)
9.-The one who learns that number 3 is not so easy and understands that trade is more than just "selling or buying"
9.-The professional merchant is always there to buy or sell, no matter the price, the day, the hour, it is his main income, the profits pay his bills.

I think the solution to your problem is to learn more and have more knowledge about how trading really works, it will really go a long way in helping you make profit. I don't know for how long you've been trading but i can assure you that even the pro traders we know today have somewhat been in your situation and probably thought about giving up to. In as much as luck plays in trading, knowing how the market work is really the key factor for making profits, you should learn about the concept of trading

Trading is not easy, so you should accept that you may lose your money when doing it, there are many failed stories about trading and you are one of them, even me I lost my money as well in trading before because I am only a beginner when I tried trading, but when you get experience, knowledge and skills trading would be now easy for you, there is no 100% win date in trading but if you have those three it will lessen the possibility of losing your money, that is why experience is really good and we really need because it makes us learned new things.
 Well said, quitting is not the best choice because it's really normal when you lose your money in trading if you quit trading then you wouldn't be able to turn back those money that have lost to you.

Nobody made a good cut on the entirety of their trading journey. I'd say, you'll always be encountering unfortunate events even if you feel that you're already good at it  :P.

You shouldn't feel bad, bad experiences often leads to good result, what I am tryin' to point out is that you knew yourself how upsetting not getting the profit you expect, and worse is you just loss hence, you'll keep on doing better than before. Just keep on doing what you do and avoid silly mistakes you did last time, and take what you experienced now, and you'll be encountering (bad or good) soon as a lesson so you will do less wrong in the future. No one is perfect in this path, remember that  ;).

Luck is not that important in trading, but you have to develop rock-solid discipline and you need to find a way to control your emotions. Don't get me wrong.. statistics show that the majority of people are not "made for trading" - but that's mostly because they quit in the first months of losing or 1 year. If you really want to be a trader you will find a way to be profitable if you put in the hours to study the markets and learn from your mistakes.

Trading is about having a working strategy and sticking to it. It doesn't have to be more complicated than that. ;)

My little advice — Don't trade a coin/token if you don't have a chart for it. Two — Don't trade a chart if you don't understand Technical Analysis.

There are numerous tokens you can't find on the Tabtrader app, perhaps because the exchanges they're listed on aren't on the Tabtrader, avoid such tokens. Don't trade them as doing so will be trading blindly and on guesses. It's tantamount to winking in the dark.

to learn the science of trading does take time, there is no instant for success,
you can learn from your mistakes and do it again do not give up

That is an important point that should be noted by beginners especially me too. Experienced traders also experience a phase where they become a novice trader who starts trading with ignorance and lack of knowledge about trading. They also suffered significant losses. Beginners only see the profit they (professionals) get, without seeing the loss.

The OP seems to have given up on trading because it always loses. That is indeed natural. Trading is not only about profit and loss, but it is also related to the mental state when trading.

learning from mistakes, making improvements every day and learning to trade properly will certainly be very helpful, as long as it's not lazy and has to keep growing.

Traders are not born but the results of experience...
Trading is not a talent that you get from birth, all the best traders today are the result of the hard work of years of experience, should You say: "my mental is weak, trading is not right for me".

It is not right to blame your fate before learning to trade. Learn first, then try, then blame fate. If you can spend time learning to trade then we can help you with some e-book and youtube video links. You should do demo and study for at least some time before trading otherwise trading on speculation only can lead to loss of funds.

There is no shame on not being good at something, it is important that you have come to that realization so you do not waste more time, energy and money in something in which you are not good, however did you actually make a decent effort to become a good trader? What I mean by this is that many try to trade without even taking the time to read a book about the topic or testing their system, and without that then your chances of success are zero, however even if you did that there is no guarantee you will succeed as you could still make many mistakes due to your inexperience.

Trading is not an easy task. To be a good trader, you must have long-term knowledge of trade rules and techniques and the skills to apply them in real trade. You will not be able to acquire knowledge of all aspects of trading overnight so you will have to patiently try to acquire skills. You need more than luck to succeed in affiliate trade. So you can trade on your demo account first and apply all your skill there. Find out your weakness and mistake there. Then you can try for real trade and take the risk for profit. Without patient and study, you do not blem your fate.

Yup, there's that philosophy that practice makes it perfect and you learn from your mistakes. Generally, trading isn't for everyone and once you start encountering losses you can easily get dishearten but if by now you genuinely know trading isn't for you then at least you know where you stand and you can invest your energy into something else.

You can eventually find it out for yourself if things arent really working on your part no matter how you do seriously done it. It will depend on the time spent because you cant just directly

say that it isnt for you if you have just tried it for a short time but if you are dealing with it for longer periods but still able to fail and make yourself profitable then thats the time

for you to seek up for another path or career.Yeah, trading isnt really for everyone.

If you feel like you're not doing good at anything you have 2 choices.
1 learn to do it better, keep on rying and reading guides until you become good
2 drop it and do something else

There's no point in complaining. We can't help you!

Trading takes time and a lot of errors. There are times out there when you feel worthless because the market isn't just cooperating with you. But trading can be scary? Yeah. It's tempting when you will place a trade. even now, with experience. I still have that fear on liquidating my portfolio with just one small mistake. But that's alright. What's scars make you stronger. How can you learn and adapt if you quit right now? right? Take it slow. No one's rushing you to make a trade. Analyze the market. make theories. Learn the flaws of the market and how to avoid it. Only experience is what you need to trade. without it you are basically like throwing money to the rich.

The problem is not only luck. But often the problem is in your character. Not everyone is able to wait or make decisions quickly. In addition, trading is quite a nervous activity.

It's going to be your fault if you didn't understand what you are doing. I know a lot of people who have started from zero with their knowledge about Trading, and now they are getting consistent with their trading management and risk management. It's almost the usual start, you lose first and then you would understand what to do in the long run.

What have you experienced? The best way to trade if you have less time is to learn is to have an automated trading bot like Gunbot (https://gunbot.ph). Maybe you are interested in that, and then supplement it with actual Trading at the side.

You haven’t a clue because you didn’t learn trading before you started. From the way you have explained it, I guess you started trading without learning. My advice would be that you should try to learn and practice. If you know people or friends that are into crypto trading you can ask them to teach you how they are able to achieve success in their trade Business.

It is always best when you have people that are doing that around you, they will help you to practice until you get perfect, unlike when you’re learning it online. There are some articles you will see online and maybe the writer explained it properly but didn’t use simple words that anyone can understand, and in this case you will not be able to understand it.

While others search for their weakness, build on it, strengthen it until it becomes their greatest strength which automatically bring them success, other build on their already known strength and become a master of it which also brings them success. The point I'm trying to make is, everyone have his or her own path to follow therefore you shouldn't be decieve by what other are doing thinking you'll achieve success if your follow their path.

Glad you realized this sooner than later which by then you probably would had lost much funds compared to your current lost. Trading isn't that easy as most non traders would think. Sure the basic are very easy to understand but to become a professional trader, there's more to trading than just buying and selling which if you don't have the capability to master, will cost you heavily. Just stick to investing although it isn't an easy ride either but if you're the patience type, you'll be fine especially when you invest wisely.

If you feel trading isn't for you, just do what you think is right. Because not everyone has a passion for trading, for me trading is
a source of income. And I am a typical person who does not give up easily, I experience a number of losses when trading. I even
lost up to $ 1,000, but I continued to learn various trading strategies. And fix all the mistakes I made, in the end I could make
a big profit from trading.

How long are you trading? Trading is not really easy, who says it easy? Even professional traders still lose today. It takes several years in building a good trading career.

Ask yourself again, are you really interested in doing trading or you just saw someone get a profit so you did the same without really an interest in how to do it?

If you are really eager to learn, just continue and embrace those losses, and charge that to your experience. While losing, take note of what mistake you did. If you just try trading because of anything else then yes, stop doing trades as you are just increasing the risks of losing your money.

Maybe you're lacking for strategy thats why you always fail. I experience to lose many times as well in trading but I never give up. You know, its part of your journey to be a pro trader making mistakes and lose but you can recover it back if you give yourself a chance to learn further, through this you can avoid or minimize losses. It takes guts and experience but if you already decided to quit then its your choice.

Cryptocurrency are a bad area for trading, especially for beginners. Success on the distance can mainly be achieved only by producers of software for trading and exchange. It is almost impossible to find someone who will write trading software for money, which will show you at a distance plus - it is almost impossible. In order to open an exchange, you need a lot of capital. Buy the S&P 500 index, for 10-20 years you will get an average of adequate income and a quiet sleep.

It all matters with your interest and as you said if he do just jumped just because he do saw someone on getting profit
then he do particular likes to learn up trade to make quick bucks but it turns out that his expectation wasnt met when he
do the actual thing.This isnt something that can be learned on short period of time.It would take years and counting.
Giving up isnt a solution but rather to learn into those mistakes and trying to be profitable in most cases and this is
where experience and skills will be used.

I'm also not a pro trader either, in fact i do almost burn my entire portfolio often atimes but the truth still remains, there's something you are not doing right. Maybe you need to start all over again, starting with learning the basics and taking it step by step. I'm sure by the time you're done, you'll definitely see obvious difference because trading is somehow far from luck.

I understand your disappointments but have to accept the reality that not all people who want to become a trader has been successful just like you. You can't either blame yourself for this, trading isn't in your comfort zone and that makes you uneasy to take the risk and challenges in here. Pushing yourselves in here will only give you more struggles and difficulties and that worse the losses. Just like getting into a job, we know that it couldn't be easy for us and we are just pretending to be okay which is not productive at all.

Well, everyone can learn how to trade but anyone is doing the right choice or analysis every time. So if you think you are not doing well in this field better stop to minimized some losses, from the start trading is a very risky thing, But I guess you already understand the risk. I suggest improving your knowledge about trading, charts. etc. and try it on demo trading I guess practice makes us better but those indicators are just guides there is no guarantee that it will be right anytime.

Bear in your mind that trading is a matter of choice. But it doesn't mean you lose it means trading isn't for you, you are wrong to that belief or thoughts.  Because trading is open to everyone whether they have interest or not. You might just tired of being lost most of the time when you do trade or impatience of waiting to earn big. However, trading need to have skills, idea and Knowledge for you to become one of the good trader individual.

Yup! Trading isn't about talent or an innate skill! Trading skills can be built and learned! The important thing is that you really have to dedicate your work! Learning and doing a new thing is never easy! If you have enough interests and motivation, you'll find a way to get it!

When you give up, the new trade is not for you. Anyone new to the market loses a lot of money before they succeed. Every mistake brings new experience for you, take advantage of it to combine it into a great trading strategy of your own. I've made many mistakes and I'm not afraid to fix them. Now I am able to make money every day by trading after 2 years of continuous failure. so I advise you not to be discouraged, try harder, you will get rewarded results.

Trading activities are so intense and if you're new to that, you should prepare yourself in every transaction that you do. Don't be discouraged about your early trading experience, there are more things that you should understand in order to become used to it and more effective in every transactions. It is normal for a beginner to feel nervous and anxious about trading because you're not that familiar with the things that might happen inside the transactions.

If you engage in trading, it can improve your decision making to become better. This will be the way for you to become more aware about the market and the things about cryptocurrency. But all in all, all your action depends on you, if you will continue to learn in trading or you will lose the opportunity in doing it.

We always get bad things that we did not do before. Everyone who starts trading is faced with the fact that they have little success, they begin to lose.

This happens with almost all things in the world. However, if you endure this unpleasant moment, over time, everything will start to work out for you, and only then you will start to like what you are doing.

We like to do something only when we have acquired a certain skill in this business.

Trading is not for all. A lot of people are trying trading thinking that is going to make them rich and will have a lot of money. But the reality is if you go to trading and your patience and emotion is controlling you then, I am sure that you are just gonna lose your money in trading. Knowledge in trading will help you to win but the discipline is the main thing in trading (for me). If you think you can still win trade feel free to comeback! Trading is not for all, but you are not going to know that if you are going to quit now.  :)

Trading is not really for everyone as it's not easy to be successful in trading, sometimes it will take years before you master trading and be consistently profitable. But I admire you as you are honest with yourself, it's only you who can convince if you still continue or you end your journey, maybe you are good at something else, then just try to explore other venture where you can be effective and you'll be successful.

Good luck mate and hopefully you'll be successful in the next venture you'll try.

Trading is not easy bro :( its really hard and its definitely not just a game that people are talking shit about. I have been in trading for more than 2 years and everything i receive is loss and loss. Most of my money have gone cuase of my insanity and lack of knowledge

However, I do not give up. Experience over time is what I have obtained and the more i trade, the more i know myself. You can choose to give up on trading, its not your fault and no one blames you. Most of the people around me tell that I should quit trading and save money for a better plan or open a decent business. But i wont give up cause i believe in myself and I have the fate that one day I will gain the power of making money daily with trading. If you have a passion in trading, keep the momentum and dont give it up. But if you feel that you lack of belief and knowledge in this field, just stop and find something or you might lose your money blindly

Dont worry about anything. You can become anything if you believe in yourself ;)

That is the reason we're seeing lots of people are trying to trade but only very few people are sustaining. People who are finding time to learn new things get chances to find profits which again help them to go trading with more confident and this will be slowly leading them becoming professional trader over the time. The only thing they must need is finding time to learn and practice when people are not dedicated on learning then I agree trading is not for them.

We must appreciate the people who are taking decision to have a break from trading because most people keep paying in order to recover they are losses which will usually end up in bigger losses.

At the same time I never agree with the people who are permanently quitting trading. Because, there are plenty of chances for anyone to become successful in trading even in part-time. So, slowly learning and then practicing in demo accounts and then start trading in live markets with the least capital will help anyone to become a trader.

The question is: who else is trading meant for? Sorry for the lost but be rest assure that it is a part to success in life. Most good traders on this platform have lost like you but keep on trying and now they are doing well with trade. I was also in your shoes, I lost and reenforced myself with content from YouTube's and free causes from the internet. After sometimes I started my second trial and guess what i got some decent profits. Don't be so easily discourage over a trial, by keeping on doing the same thing will put you into the right track of trade.

Finally I see someone who says that trading isn't for him/her. I really appreciate that because as I see, a lot of people on this forum post like trading is one of the easiest thing they can do. They state that it just requires some chart analyze and this sounds like it's mathematical formula that you have to follow and problem is solved. No, trading isn't just chart analyze, past doesn't repeat and it alone isn't a good indicator for predicting future. You have to read economic news daily to know what's happening and analyze what action will have impact on currencies that you trade.
Even it's not enough, you need luck. Sometimes something should happen this way but happen that way...

Even so you can still hold for the long term and that is another way you can at least do to continue to benefit from this cryptocurrency market because indeed, day trading or trading only when you have time still will not guarantee to make a profit because even you yourself are not have at least the right time plan for buying and selling, because even if you don't do the analysis but if you have good or mature planning then at least you still have a chance to make a profit.

Keep trying, mate. Always remember, every master was once a beginner. Every pro was once an amateur. Try and try until you succeed! Just don't quit.

Its unpredictable in all sorts of ways and there are people who do really quit trading without the need of telling it to the public thats why we do seldom see these kind of words
that do float out.

Trading isnt really a simple thing but can be handled out if you are really that serious but there are really things which doesnt really suit out even how hard we do try.

Its better to quit than to force it out even if you do know that it isnt working anymore.

When I read your post, it was like all funny and depressing right from the beginning until end. Nothing is about, everything is about knowledge. When it comes to management of finances and by that I literally mean proper savings, expenses to staking your money in the market you have to be very keen at it.

Being human we come with lots of surprises, greed, uncontrolled motions against money and love.

If you don’t control it you loose it all. People around the world do trading like crazy way. They go down to study decimals of change in any single trade and learn news, updates, global movements. It’s shot tons of stuff you need to know before you can trade effectively.

Don’t put a single penny in trade if you believe it’s all about your luck.

Learn, practice and improvise!

When I see the word "luck" in connection to trading, I am little bit annoyed. When people finally realized that trading is not gambling? It is well-managed risk management, that´s all. Traders work with probability and risk. If the risk is lower than possible earnings, then they trade. Simply, in long term, they have to earn because it is based on the mathematical principle. :)

So does a good gambler. Plenty of them are world class experts in the areas they gamble. It's not all one armed bandits. Deep knowledge can put you ahead of others. I regard trading as the same as gambling. A decent proponent of either tries to apply some knowledge to their moves and manages risk but it's all still totally up in the air.

Kudos to OP for admitting it's not for them. More people would be more happy if they could admit the same to themselves. For many newcomers it's the first thing they dive straight into whereas it should be the absolute last thing they attempt.

Trading is like a investment you can lose or win. Once you enter trading you must know how to buy a good coins and when you can sell it so that you can get a profit. Its not easy to trade but once you buy coins in low price and you see that coins goes up the price you can sell it even you have small profit. Then go buy back again once the price goes down.

I believe trading for everyone, but not everyone has a strong will to win. If I may make a suggestion, don't give up easily to learn trading.
If you often experience losses when trading does not mean trading is not for you. I also often learned losses when I first started trading,
but after learning many trading strategies. So understand how make profit from trading right now.

The usual and common thing that any trader experienced.

I don't have much to say as you are the only one who can make your trading successful. Just study whenever you have time as possible.

If you are willing to continue, accept those losses. No one in the world of trading who didn't experience being a loser.

Besides OP have this one https://bitcointalk.org/index.php?topic=5255242.0 and something he tries to push himself to actually learn trading without risk but it was unfortunate enough to tell that there is nothing to be like that and all trading comes with risk. Maybe he has the reason and probably he is not quitting yet but instead, he is finding a way to make it at ease and come back with have strong courage and determination. If he doesn't lose his hopes, he probably makes his trading life succeed just like the others.

Trading is for everyone! Never give up because you always failed in trading. Success is a matter of patience that will lead you to win. I think you have to learn more strategies and keep some advice from people who's more experienced in trading. Like what we always talk about in the phorum is risk only what you can afford to loose,,never surrender keep on trading.

Then you should learn more. I used to be a newbie so I understand this feeling. Repeated failures and losses, stress and feeling lost. but never give up, during that time you will learn a lot and keep trying because experience is the key to becoming a professional trader. If you just need to persevere and learn how to manage capital well, you will soon succeed.

Erm, why? What's wrong with recognising you're not very good at it? Does admitting otherwise somehow make you go against the cult? Most people are not very good at it and never will be. They don't have the necessary mastery over their own psychology. Most traders wind up worse off than how they began. That's how it's always going to be.

True. It is important to recognize when things aren't working as they should and put and end to it. I respect OP for that. Don't mind what people would always say – Don't quit?  Nah, there are some situations where quiting is the more viable option. When faced in a situation like this, Its best to take a step back and figure out what works best and  one is good at doing. Not everyone is destined to be a trader – there are other profitable industries aside from the trading industry. So much opportunities elsewhere.


Yes. I understand the point you're trying to drive home. Personally I don't believe in pushing the quit button when things aren't working as planned. But it's important to also know that not every opportunity/industry is meant for us. Because it works for Peter doesn't mean it'll work for Paul. In my opinion, that is.

I think you should have to stop trading for a moment and think how you can be a successful trader. Learn from what you experienced. Trading is not easy way of making money,it needs a lot of patience and techniques. Learn how to avoid loses but never stop because everything can learn.

    I didn't find myself in trading with crypto-currencies. I didn't stop learning and watching others how they
do it, sometimes I copy some trades from others and I have some success, but I earn only pennies, I'm
afraid to risk more. Nhor1011 you are right, everything can be learned, I take my learning slowly without
risking too much.
   Good for us is that trading is not the only thing we can do to make profit. I am much better hodler!

It is very true that trading is not for all. It is better suited for one who is patient, calm and able to afford losing. I try to keep up with all these qualities and it helps with support of FreshForex broker, as with using their low spreads, high leverage and no worries of slippage, re quote or anything as such. It keeps me so very comfortable with doing things.

Trading is not all about luck but we will have to true our skills too. In trading, I have seen so many people who lose hope just because they feel unlucky in trading and they stop trading so better believe your skills and keep trading so I am not asking you to chase your losses or lose hope but keep trading with your own new strategies and increased your knowledge as much as you can.

When we do saw that holding is much better for us then we should choose it up and wont tend to force up things which we do saw that doesnt work for us.There are indeed things that doesnt work
but at least we are still pursuing to learn on the process even though on gradual basis but at least we do try.Quitting might be the solution for others but honestly it shouldnt really be an option
in the first place because its impossible to think that things cant be handled out if you do really just pursue and learn everything that you should need to know.

Do not be easily discouraged if you keep on committing losses as everyone here has experienced that too. Trading is a long process of learning and there is no shortcut about it. Mistakes are part of trading so it should still be faced positively because it will be the best motivation we have for us to improve our skills and strategies in trading. If you are not happy with the results of short term trading, try also the long term one. It is less risky and you still have more chances to earn profits from holding bitcoin for a long period and sell it when the price is already in peak.

Trading should be seen as a business, you cannot leave everything to chance, trading is not gambling, there are many ways for you to learn, but with patience, the worst mistake is believing that you are going to get rich overnight, that's where the failure of many in trading.

building skills in trading does take a long time. to be honest, I also feel that many people feel this way, even me. so far, I still feel that I am not good enough in trading. however, until now I am still learning how charts work and is still gathering information.

Unfortunately that is where most traders fail, many do not want to dedicate the necessary effort to get good at it and that is because deep down they do not really like trading, what they like is the idea of making some easy money by just making a few clicks on a screen and what they could do with the money they get, and this is a mistake because it is widely known that those that perform best at an activity are those that actually like the activity they are doing as they will commit more time and energy to it and eventually become way better than those that do not want to make that kind of commitment.

Every job is not easy, to succeed you need to go through the learning process and gain experience. In trading, no one succeeds the first time. I used to lose a lot of money when trading, but from there I have experience. Luck is just a factor. If you do not know the techniques of chart analysis, you should consult and learn from experienced people, you will gain useful knowledge and apply it to the trading process.

Trading is not easy.

The passion is what keeps us going.

But truth be told, trading is not for everyone.

If you feel it isn't for you, probably it is not.

It is unfortunate if you do not understand about charts and analysis techniques,
if you just trade, then what you get is a loss

Ultimately, it is up to you


Failures pave the road to success, right?

However, if something is not your cup of tea, why waste time and effort when you can drink champagne instead? So the real question we should ask ourselves in such a situation is not how hard it is and what to do with it (it is actually secondary) but whether what we are doing is our thing in the first place. If we can honestly answer this question in the affirmative, all other things can be overcome in due course, and then we can genuinely say that failures pave the road to success indeed. Otherwise, you will get nothing out of the setbacks other than frustration and anger

Bud, you must not trade. I don’t know why a lot of people believe that they have to be trading. Why not look for other things to do apart from trading? Buying and storing coins in your wallet is already enough for you to do, as long as you buy them at the right time when the price is at the bottom, then you’re good to go. That would be something better to do than risking your money all the time and losing them because you don’t have the skills that are required to be a trader.

When people approach trading like a gambling, it would be better to quit rather than struggling continuously. In the past, when I was not successful with my crypto trading, I just switched back to forex trading but watched crypto to learn about it. Then slowly I resumed crypto trading with small capital and now I am earning more than what I earned with forex trading.

Everyone needs to decide for himself
I'm not for giving up on first sign of problem but I agree that trading isn't for everyone. It's very demanding and time consuming, risky and stresfull, so not everyone can handle that.
I think that everyone who decides to start trading needs to give everything form himsel but if along the way he realises trading is not for him, there is nothing wrong with that. In that case it's better to give up than to suffer losses, stress and constant frustration.

One thing that I have fineout is that trading is not for everyone. You have to have strong mind before venture into trading. I have seeing that the most things that affect us as a trader is our emotions and if we did not bring it under check we would keep lose money.

In order to trade, you must first obtain sufficient knowledge and experience. That's why you shouldn't start trading with your real capital without any experience or knowledge. The first advice I can suggest to you will be to receive training on technical and basic analysis. As a result of these trainings, you should try yourself with commercial trial accounts or a very small amount of money. This will allow the information you acquire to transform into experience and you will learn how to actually trade. Yes, sometimes luck can also be an important factor, but you should not forget that no one was born with this ability. Everyone has succeeded in such things by improving himself, researching and gaining experience.

besides emotions, basic knowledge of trading is also very important...
trading is only for people who work hard to master market analysis, trading fundamentals, and self-control. this is an important reason why every trader it is important at first to study hard and find the right mentor. remember, trading is not guessing and trading is not fate or gambling.

Definitely LUCKY traders make more profits than unlucky traders but trading does not only depend on luck, there are other factors involved that make you a good trader. The very important one is the market survey if you have knowledge about the market then you will easily make profits by investing. Just keep in touch with crypto news and invest at the right time on right coin.

This is not only for luck, this is all about knowledge and technique which you have to use there. By the way, I have also lost but still I have patience and still I hope for the best in the coming days. Do some research and try to use it, by this following way, you won't be hopeless so far I can say from my experience

You can't be lucky all the time

As it all balances out in the end -- I mean lucky and unlucky trades. What remains is your skills, expertise, and understanding of the game. However, to an outside observer, you may still appear as an insanely lucky person. But that's simply because people weigh other people using their own scales, so to speak. In other words, they think something is impossible (e.g. pulling in 20-30% monthly, month in and month out), while it is only impossible for them personally due to their own restraints and limitations

Agree! If you think trading is based on luck, it's gambling! Even gambling, you have to have some knowledge! Therefore, don't ever think that trading is all about being lucky! Trading requires a lot of understanding, knowledge, skills that traders have to gain day by day! Failures in trading are also good lessons for traders!

for those who trade according to their plan, it will make them feel good about trading. well, in this case, actually I'm also not very good at trading, and I feel that that is not my expertise. so far, I only hold assets, and sell them when the price is right. if you want to trade, make sure that you know the chart movement. even though I say that I'm also not very good at trading.

I agree that it is a personal thing and not a mind thing. I can spend days, or even weeks, even months to study how TA works and how trading works and get better, however I know that even if I get awesome at it, emotionally speaking I am not fine with all the ups and downs of the trading world and I would psychologically wouldn't be ready for it. That is why I agree that right now there is really not that much I can do to convince "myself" in the regards of trading.

I however found that investment is much better for me, sure there are ups and downs on that as well but I just put my money into bitcoin (and some other alts a bit) and I just wait, it could go up and down but I know that it wouldn't matter since I am in for the long term and no matter what happens in the short term wouldn't matter to me.

The truth is that, for a trader to win, another trader has to lose.
>95% traders either quit or continue losing their money to just 3-5% of the world's most successful traders and that's how it works. For us to become a successful entity in this field only takes a lot of years, patience, knowledge and control. Trading is not an easy task, but for you to accomplish it, you need not to fomo in but play smart. You see? You lose more in the fee itself that you pay per your buy that you make for the coins you exchange your BTC. It's better to put limit orders and wait for the price to come to your desired level, that's how you can make good money. Better not to trade when the trade is not in our area. Take it as Ferrari and BMW - if you can afford BMW but are willing to drive Ferrari and somehow get a chance to drive it but you don't know how to do that (I mean, your driving skills are just average but that average is good for driving BMW) then I guess you should first learn the skills about driving a Ferrari and then go for it.

You can try Bithumb Global, which is a simple and convenient way to trade BTC.

Make a system
dont go all in
respect your leverage or margin
respect your SL
take profit
be patients
develop everyday
get up early
always take your best setups dont fomo - always gonna hurt bad
Last thing
only decide whats best for your money not dont let your mind be greedy .
1 trade or max 2 trade is enough for a day.
cash out profit whenever possible
start with less capital to have a command over yourself then go big .

Do not try to give him directions on how he could become a better trader, sometimes it is not just about being a good trader or a bad trader. Sometimes it is about just not being for the trading world which is different than many other jobs, there is too many highs and too many lows and so forth where it is really not that easy.

Certainly most of it is about money but you can't really help someone to make more profit if they are not good at it and there is really no blueprint on how to make a profit on bitcoin because if there was there would be a ton of people using that including me and you and probably rest of the world because we all want to make profit. So, some people are not born traders and there is no way we could help them become one and should just let them be whatever they want.

Truth,! Why would continue if we do saw that we are losing that much specially if you've been trading up for so long but the result are just the same?
There are really things which arent really made for us no matter how hard we do try.Its better to quit rather than forcing up yourself that the thing you are
engaging into should or does work.Trading isnt really for anybody and if it do make you stress and not enjoying on what you are doing then its better
to stop and find for another path or career since trading isnt the only investment or way to gain up profits.

Congrats, at the very least, you made yourself understand that early on and could pretty much cut off any potential losses in the future. Don't get me wrong, I don't mean that in a bad way, there are people who are good at trading and naturally, there would be people bad at it. At the very least, you understand yourself that trading isn't for you.
Even if we take into account luck, all that matters is that you either win or lost. 50/50. That's basically how I look at my trading, it's either I win, or I lose. No matter how much metric I actually use to measure the changes, it all leaves it up to the 50/50 chance of win/lose. Also, even if you get in touch with crypto news every day, even if you live your life for crypto, the market doesn't move that way. Hell, even if you watched the charts 24/7, there's no guarantee that you'd actually be able to predict the movement 100%.

Trading ventures always accompanied by ups and downs, the more you seek for the right strategy and timing the
better chances you'll be able to catch up.
Most of the time you'll encounter so many struggles when you are still starting from this venue of business, but the
more eager you are the better chances of succeeding.
It's all about how you'll manage the pressures cause even you have a good patterns to follow there's still chances that
you'll lose your position.

Investing is in fact different than trading and requires different skills but that does not mean that it is easier, an investor will need to hold his coins no matter what until it reaches his target price and this can be a very dangerous strategy especially if you want to implement this strategy with new altcoins, we have seen countless examples of people doing this over the years on the forum and getting awful results, as such you will need to know how to do your due diligence and the ability to know which coin is good to hold for the long term and which is not, but you will never know if you were right until it is too late making investing a very difficult way to make money.

You say your "luck" is not for trading? This means you think to make profit by trading, you need to be lucky? Well this is where you are wrong. Your trading profit does not depend your luck. It depends more on your experience and your skill.
You probably keep on making the same mistakes again and again. Try to see where you are going wrong and then come up with a solution!

Investment aim is to gather more then hodl until the right time to sell comes, in short, this is for the long term target with high return. While trading is buying and selling in a short span of time, thus it means it's aiming for the short term with small return. Both is not that easy when you aren't ready for it, thus OP is not yet ready to dive in with the real market. I know trading is not for everyone but if you train, learn, and work hard for it I'm sure the results is worth it.

I think that everyone can learn how to trade, but not everyone will become a real professional who can provide themselves and their family with profit from trading. But in any case, you should not be upset, because every trader still loses their money, but you need to learn how to minimize losses.

There are strategies has been given and been teach on internet but not everyone can easily adopt the system since majority rely on their beliefs that they can easily earn with trading and do some short cuts regarding on technicalities and others. But if we are patient to learn thing for sure we can  minimize our losses and get a high chance to gain from it, also we should erase the mindset about losing and always think positive with correct action.

I was a bit saddened that a guy who was genuinely interested in trading quit it because of bad results and maybe bad trades.
But, while I was checking around, I saw that he actually is still interested and finding solutions, which is how the trading works. He was looking for advice here HERE (https://bitcointalk.org/index.php?topic=5255397.msg54614261#msg54614261) and HERE ALSO (https://bitcointalk.org/index.php?topic=5255242.msg54610302#msg54610302) so he is on the right track because in trading that is how it goes, we make mistakes but we must have the courage to learn from the mistakes and the ability to bounce back even stronger and wiser.

Anyone who feels trading is not meant for them, just spare a thought and you will feel any business you do would require some sort of trading either ways and there exist no business where you don't have to make financial decisions. So yeah, either you content yourself with daily jobs and services or learn the art of market and grow of your own.

One of the common problem on most people on where they do rush things up and doesnt bother to learn on gradual phase.They do aim to make

money thats why it would result into diving into the market without any proper preparation or knowledge on how to deal things up until they do experience

loss and do tell that this thing isnt really for them which is really a wrong mindset to have on.

Well, believing in yourself is one step in the right direction. Understanding why and the reasons for your losses is another right step in the right direction. Trading is not only about willingness to trade, but the willingness to learn how to trade, and also to master the strategy that works for you. So instead of panicking (which is okay); find out why you have losing your funds, work on yourself by going back to learning basics ta and fa. Then you can try again.

Never give up! and always do your own research

Don't trade then, just HODL. Most people lose money trading. They get you on the fees mate.

it's natural, because trading looks easy enough, sometimes people underestimate it and try it out autodidact without information. many people who trade only are ready with the benefits, but not at the risk. however, this is a financial problem, so if they enter the trading zone, then they need to be prepared for the risks involved.

Holding for long period is less stressful that might work for op. I tried to be a short term trader as well but doesnt fit me because I cant monitor the market often due to my real job. So I switched to be a holder and its best for me, I dont have to worry for the current price since I have a set period when to hold.

You made it clear why you’re not making profit, it’s because you’re trading without any experience.
How do you trade what you don’t understand and expect to make profit? Leave this trading Business for now and focus on learning it, don’t be in a hurry to make money or you will just be losing your money.

You should study trading, and study analysis, then learn about strategies for crypto trading and choose out the right strategy you think will work out for you. Apart from that you have to study the exchanges you want to be using, it’s really important man. After you follow these steps, I believe you will see some improvements in what you do. Just don’t be in a hurry.

I have almost the same situation. I made sure that I can not devote too much time to constantly monitor the cryptocurrency market, especially not having enough good experience. Initially, I learned to trade using a scalping strategy, which is very profitable for a beginner, but the more I tried to get a good profit, my terms of transactions increased from several minutes to several hours. After that, I stopped trading altogether, as prices went up after I sold my asset. I realized that it is better to invest your money in rating cryptocurrencies for a longer period
 and expect the best performance in the cryptocurrency market.

I would say that investing is a part of trading and one who is good at investing would eventually be good at trading too.
Let me explain what I mean here. Trading has 2 parts mainly:

- Accumulating/buying an asset at lowest possible value
- Selling or getting rid of the asset at the peak time

Now, one who knows how to invest would actually know what is the best time to buy an asset and hence would easily overcome part 1 of the task and hence make it much easier to execute the second part which is much easier, just selling the asset at better or probably best value.

Overall, when someone is finding trading is not suitable for them than probably investing must be the right option for them to go with to find better ROI. In some perspective, both investing and trading look similar because only the timeframe involved is different between these two types of earning methods. Fortunately I am into both trading and investing as I am trading on long-term basis and investing for years.

I think even if you are horrible at trading you could still make a profit from trading. All you have to do is actually focus on not making profit very quickly but making profit when you have the chance in the long term. Just buy it whenever you can and just hold it until you can profit from it. You bought bitcoin at 10k? Just focus on trying to wait as long as you can and not sell it when its low.

I understand that people can't wait and they get nervous and all of that will end up with actually losing money but at the same time if you are patient enough it will always lead to making a profit as well. So, I would say if you think you are very bad at trading and still want to be involved with bitcoin, just buy it and store aside and you will eventually make a profit with it if you wait long enough.

There would be no other options but to have this kind of way on where he would hold up his coins and wait up for the price increase and yes, this would really involved long patience because these kind of events wont really happen in a short span of time which means, patience would be test out.If you arent effective in short tradings then stick with longer ones since this is considered trading but only on a
different of duration in terms of buying and selling.If OP isnt really that profiting since he do engage on active trading then he do really have the right or decision to stop no matter how well we do
suggest of on doing not or have some re-thinking.

In most cases this approach of learning as you go is a great and will get you to your goal, but when it comes to trading and investing it can be one of the fastest ways to lose your money, in this market there are no do-overs, it takes years for people to get enough money to trade the markets and they can lose everything in a single day, even if you get to understand the reason of why this happened it will take years to get the necessary money again and it is to be argued if you will be willing to take the risk of losing your money again, this is why newbies should not trade until they have tested their strategy and they are completely ready otherwise they are just wasting their time.

people have their own path to success, don't worry,
but you shouldn't give up now my friend, trading is difficult, but it can be learned

Those who gave a shit comment like "1 or max 2 trades a day is good", I've got an answer here.

It's a strategy to get rekt soon because it's not something compulsory to trade every single day. I've seen many successful traders not even trading for 2-3 years when they don't sense the necessity of trading. They pass the opportunities aside and see for the extreme possibility of their trades going into right directions. You need to trade only if you're sure enough that the outcome will be in your favor, the odds will be in your favor.

It's correct, trading is never easy, you can stop but the opportunity is only for those who move forward. Those who aren't confident and can't accept failure, everything is not for them, best stop.

That is known as overtrading, depending on the time frame you choose to employ you could end up with no trades for months or even years to making several trades per day, however as you say trading just for the sake of trading misses the mark by a mile, a trade should only be open if there is a decent opportunity to make money with it and our strategy tell us to do it, otherwise those people are just gambling with their money with the downside they are only getting frustration out of it and not getting any fun like it would be the case when it comes to gambling.

If we slightly modify this strategy, we can get a fully working version.

The main principle for a beginner to stop trading every time when the number of unsuccessful transactions reaches the number of 3 in a row.
This will help to keep all things under control, and also eliminate the influence of the emotional background on the quality of trading.

Well at first i also think that trading is not for me. But when i fucos on it i earn a lot, but sometimes we can really also loss in it and i think that is a normal thing as a trader, we need to know that there are always a risk in trading, because trading is a risky way of earning a profit specially when we don't have an experience.

Yes, this can prevent him from more losses down the road

And what next? This trader will get back to where he started at (minus the money lost). The point is, stopping in time won't teach you how to actually earn something. Therefore, in no case can it be a fully working version of a trading strategy nor a main principle as some part is missing. In fact, the biggest and most important part. After all, you are in it not to cut your losses short but to make dough, right? This is your design, and the part which is missing

I also got almost same experience with OP.
To be honest, if I will sum up all my trades from the beginning, I still lost in BTC value. That's why these past few weeks, I take a break on trading, but it's not mean that trade is not really for me.
I will still continue to learn a trading strategy or anything about trading, I still love and want to do trades.

To trade first you need trading knowledge and then patience, Luck is not good, trade is not for me. These are nothing but excuses. Learn to trade before you trade. Make yourself, then trade live. I'm sure you won't blame luck anymore.

These thoughts that revolve in your mind are the reason for your failure and lack of success my friend, you must set a goal and you must not surrender. We all suffered losses and failures in the beginning. I advise you to keep trying until you can achieve success

People will have different sources in order to make a profit through trading and it will help them to learn their mistakes, through trading ever person will face issues with trading, it might help them learn their mistakes, trading is a long term process and learns the things only when we continue in trading.

If you think you do not have enough knowledge and skills in trading it is better to take a break for a mean time because not all the time the earning and the volatile uptrend or downtrend are with you because it is volatile and trading is risky still it depends on you if you want to stop or to take a break for a while.


Most of the people are just focusing to the success of the people not by their downs and mistakes because they think they can do the same but this is wrong because one of the keys to success is learning from the mistakes from your experience and others so if you encounter the dame problem you can now avoid.

Your comment is right and an advise to traders who insist to jump into the market multiple times in a day. Trading is a good to make money if you know how to or if you have a strategy but always going into the market is surely a planned way to lose money.
If a traders strategy gives them signal to always be in the market multiple times every day, they better readjust from that plan except the trader is a scalper. A daily trader and swinger won't have multiple opening to always jump in.

I had to quote this sentence to respond to it separately.

Hence, probably they went for sabbatical leave  ;D


Big advise for traders. You got a merit on this  ;D

Continue to learn about trading strategies, analyze and select indicators that suit you. The more you try to trade, the more experience you have.
I also continue to learn how to trade properly.
discipline in trading, Money Management and also mental management is very necessary.  ;)

Trading is really an amazing way to earn a lot of profit. But there are people that really think that trading is not for them, because they loss on it, but i believe that lossing in trading is really a normal thing, and you cannot become a good trader if you dont experience  lossing on it  so i think we need to be more patience if we wanted to earn on trading because trading sometimes is really hard and controling maybe emotions is the best thing to do for good.

Trading is not for everyone. Quality training is not readily available.
Have you considered a good trading bot? I use digieBot, not only does the bot work really well, they teach trading every week.

One problem with almost all auto trading bots is that they rely on lagging indicators.

digieBot Auto is an automated trading bot that trades based on volume in the market. digieBot does NOT use lagging indicators; it is based entirely on the volume of trades taken by traders and analyzing the commitment of the market to that trade.

Commitment is shown by traders’ willingness to invest their money at a price point, and the market commitment is demonstrated by volume in the same market direction.

Everything does really have its own timing and yes i do agree with this which you wont really need to have lots of trades in a particular day even if you do saw that it isnt worth to position out yourself into the market.

Dont just have that kind of mindset that the more you do trade the more possible money you could make and a said this would surely give out the higher risk on getting wreck.Stopping for a while

is suggested and if you do saw that there is a good time on getting in into the market then thats the time you should trade on.It isnt really that necessary to become active that much

when you dont know on what you are doing.

@deisik, you're in to make dough? Really?
I mean getting dumped down by several investors of a project would really help if you were in the trade itself? It's sometimes better just to spectate instead of getting into a trade and losing. Even if you lose a %, you lost a few bucks and vice versa.

And @spike420211, neither way can you really dictate nor decide to go for n number of trades before stopping because as I said, every single person uses a different approach towards his/her trades with a completely different or maybe same strategy but what matters is the size of the portfolio you are using in terms of % that you'll put in that trade. Some traders lose too much that they end up getting their capital exhausted and that's why I said this that you should spectate only when not sure about your trade. To those taking it towards wrong way by saying that it could take them months and even years to decide whether to get into a trade or not? My suggestion for them is to just sit back and never trade because it's their disability to find assured trades then. :)

Well, is it a rhetorical question?

I guess anyone who is seriously in trading hopes to make dough. However, there's more to it than just earning a few shekels here and there. More specifically, I use shorts as a hedge against cryptocurrency price dumps. Indeed, I could just exchange bitcoins (or whatever) for fiat directly, but then I would have to deal with fiat withdrawals, banks, and similar nasty stuff. Hedging via shorts looks like a perfect solution to me and this problem


Let's just say it is decided by what side of the trade you are on, long or short

We'll learned how to trade from this forum, you can do likewise because many have done. Trading is by learning and not just wake up to become a professional trader. Many analysts around the world cryptocurrency today and those on this exalted cryptocurrency forum started their journey long ago and today they are voices to recalled with. Don't be discouraged, things are always rough during the start but always appreciate with time. You can watch series of YouTube videos and tutorials online to get started. Don't give up on yourself, encourag to stand film and start trading.

I think virtually every trader has been is similar situation as this, tgere are times when things will seems not to be working out in your favor, a lot of start up traders often think only the newbies do get affected by similar problems but even the pro trader do have the market goes against them certain times. My advise is for you to talk a little break and learn more about the basics of trader and i assure you that at the end of the tunnel, you will emerge stronger

Self research is good but we need a mentorship from an experienced person who can guide you, from the start of your trading career. Doing it all by yourself might not be so easy, just like my previous years of struggles without the guidance of somebody put me into getting scammed with a stranger who promised to buy my coins in private conversation. But it turned out so bad and disappointing in the end because my tokens were all stolen.

`
If you think the trade is not suitable for you then you should hold your cryptocurrency. It's a good way to get a nice return without taking a big risk. I trade rarely even not but I get great return than I expected. You should try it.

Why you said that trading is not for you? Maybe you have wrong strategies to choose and to buy altcoins. You must be do search so that you can get a knowledge how to do right trading.
If you think that trading is not for you buy and hold it for a long term for you to get profit.

Maybe you are just lazy to learn trading strategies or maybe you give up too soon. Actually trading for everyone,
nobody even succeeded directly when trading, I initially experienced a lot of losses. But over time, I began to make
a profit. In my opinion you should try to learn trading from the start again, don't give up too soon when loss. Try to
correct your mistakes when trading, I'm sure you can also succeed in trading.

I know that and I never said that it's all about earning bucks but learning from our mistakes and not repeating it. Another thing is that if we trade with patience and don't get into too many frequent trades, then I believe that it could save us from losing our funds if you talk about focus, as then it's not about earning but prevention of loss.


I didn't come to the point of shorting or leverage/margin trading yet. If you were to talk on this, the subject will become such an argumentative debate that we'll just try to bother each other hard on just one topic, i.e.; shorting. TBH, margin trading and leverage trading are more riskier compared to trading alts normally. Another thing, these types of trades have limited options available so it's better not to touch them if you don't really know what exactly are you doing (this is for those specifically who just jump into leverage trading at 100x and cry later).

I think there is a misconception about trading, as a trader; I do not rely on my luck and I purely rely on my skills. I think the reason why you are losing money in trading because you treat as gambling because you are focusing on luck more than in trading skills. If you lose today, it doesn't mean that trading is not for you. It is normal to lose as long as you find lesson on it.
If you will keep telling yourself that trading is not for you, maybe your right and it is better if you will stop but you will not able to regain the losses that you incurred. It is better to rest a little bit and improve yourself as a trader then maybe you can regain all of your losses again.

A confidence will change anything, I believe that. I heard someone's say that if need money or anything then the first thing that you should find is a knowledge or understand (in this case is trading). You will say trading is not for you, that's normal because you can't manage the knowledge of it, at least the basic knowledge like support and resistence.

Because when you have understood it and now the way to get money in it you will feel that trading is for you. There is no way to get money instantly, you may need to spend a lot of time to only learn and learn without profit about trading. And I feel to make your trade comfortably you need a long time and that is what I think, I can feel trading is best place to earn money I need two years at least to feel it.

Well, that's actually not what I meant

I for one see nothing wrong with people who are into trading with entirely utilitarian goals in mind, for example, to earn a buck or two. If you are going to add a certain amount of morale to it, I don't think it is a good idea. Besides, learning from our mistakes and not repeating them doesn't change anything in this regard. It is still a must-do thing even if your sole purpose is to reap profits, preferably huge profits


Okay then

That can help to slowdown your losses but that does not really help with the main issue which is losing money on the markets, losing 3 trades in a row is also not really a sign of a bad trader, if the system you are using has a low accuracy but it is still profitable then it is probably a better idea to reduce your position size rather than to miss a trade that can be the one you were expecting all along and were trying to catch, however even such measures does not mean you have a working system in fact this is the bare minimum needed to have a chance on the markets.

Actually I never told anyone not to trade for too long a term, but I said that just spectate whenever you are unsure of the markets and biased about the ongoing situation. Missing a trade could help rather than going in for that trade with bigger the size due to greed. And keeping it lower from the start (like max 3-7% of your total portfolio per trade) and having a trailing stop in order to move your stop loss from SL zone to TP (take profit) zone helps you a lot in preserving a trade in a much better way.

Does it mean "you give up", buddy? I also experienced many losses in trading but I think stopping trading isn't the right solution. If you are still dreaming to stay longer in crypto space, you need to learn and do trading. To make profits, you need to trade your coins as you won't keep them on wallets forever. And to trade well, you need to have trading skills and do proper ways of trading. How you can master them? You need to learn trading from various sources and got experiences. It is not easy learning to trade as it is not a simple work but if you are serious about it, then you probably master it gradually. So, I suggest you to continue trading, don't stop it too early.  

You have mentioned the few things you need to know, anyone could be successful in trading if he or she learn the necessary details, get information from experts. There is no crime in making mistake but turning back means you have accepted the defeat and you don't want to know it. Every trader here will have one story to tell. That you have started means you are steps closer. My candid advice, Don't quit.

You wouldnt learn if you dont make yourself learn from those mistakes and due to experience you would really able to grasp out something that you havent experienced before.

You cant directly say that trading isnt for you just because you do lost up your money yet its part of the risk, the important thing here is that you do able to learn up
gradually.

Use those losses as learnings then apply it on next trades yet you already know on which one is to avoid on.

You need to take your time and know why you have been losing in trading. Before you quit, you should first know why and if it’s something you can’t tackle, then you should call it a quit. It’s true that trading doesn’t work for everyone, but figure out why. It might be that you don’t have a precise strategy that you’re using to trade, a very good strategy that works. Other ways that you can be making mistake is when you keep looking at social media as your source for trading tips or when you always try to FOMO.

If you don’t know how to trade you can decide to make use of platforms that allows copy trading, and you can be copying trades of professionals.

Do not tell people that they are lazy without knowing much about them. First of all they could be saying trading isn't for them for totally different reasons and we should try to be a bit more understanding of them. Secondly it is not lazy to be not wanting to learn something, they might just feel like maybe they do not want to learn so many things to become a trader, maybe it is too much work and they rather spend that on learning something else? Who knows what the reason is.

Finally, full time day trading is a job, it is like any other job, and it requires studying a lot and after all of that even if you know what you are doing, you can still end up losing a bit of money time to time as well and emotionally it is a roller coaster, so it is definitely not everyone's thing.

Many are called but few are chosen, these are the sentence I read in some books where this one telling the truth.
If you think that trading is not for you, that means you quit on learning about in trading mate. Aside from that, trading is not that easy
as other's thinking about it of course not. It needs passion and determination for us to get profit in the future.

The luck factor only affects a little in trading. If you have a gambling mentality, I hope you don't take it with you to your trade.
Trading has the right time to do it, not continually buying when you profit or selling when you lose. Profits and losses in trading are not determined by the system like gambling, but from your analysis and decision.

Well trading and gambling are two different games, with different rules, and if you wish to be good at them you need to know everything about them and to have the right approach! Of course that you can't relay on luck in trading as much you can do that in gambling. Wrong approach will always lead you to losing your money.
Trading is not for everyone, nor gambling. For these two you need to have a bankroll and you need to have knowledge about what you plan to do with money you have!

In everything we are engage on then it does really need a specific factor for you to withstand the risk involved on each area.Trading can still be considered gambling if you dont know on what you are doing.
It all matters on how you do deal with it and when you do commit out such mistakes then thats the time you do learn up from them.You decided to engage with trading then you should strive to learn up all the things that are needed to learn.If you cant cope up then try the best as hard as you can because you wouldnt get the idea if you dont experience on your own.

They are different games but there rules are not completely different.

No one can know everything about crypto trading or gambling and whats important is understanding the fundamental principles which which is good guide in making right the approach.

Knowledge in every investment setting but trading and gambling is for everyone people just need to understand type thats right for them.

Well, no one is born as a pro trader, everything takes time. The time is the biggest teacher and the learned lessons are priceless in life. Trading is all about combination of management, discipline, money and skills. Better to give up rather than blowing thousands just in learning process.

I think it is normal for a trader to feel unmotivated at the start because of huge losses that he/she keep increasing. But overtime, you will handle it very well even though there is still a pain. I also said it to me before but I proved that trading is really for me. I worked hard to regain all of my losses and now, I'm financially free and I consistently earning in the market.

For those people who are now losing their confidence in trading, make sure you rest and comeback whenever you are ready because trading is a set of rules. If you have weak hands, you will keep losing. Earning experience and confidence are not easy and it is one of the reason why they are only few traders who are becoming successful.

that is something that needs to be known, and I think people are aware of that. it's just that, their defeat in trading strategy makes them fall and do not want to go back there. Well, that is indeed not an easy job to master, in fact, all things also need a certain amount of time to learn. however, I believe that he will again do or learn how to trade well.

It is not easy to trade. Because, it will so difficult to realise what happen to next or price of crypto-currency. But when you see the price of crypto-currency low, than you buy for profit. Mostly,  I do it for my own investment and few times I failed, but overall I profit my coins.         

But what do you use to compare  with the price of the cryptocurrency to see the price is low?
I think for the first time we need to see the cryptocurrencies that have been backed by major communities like NEO, ADA .... then compare its price with the DOGE coin based on the total supply and the price between them,and the most important factor is it can not be mined.

I agree with you. I know everyone has to learn first then practice a lot in order to get better at anything. While that is true, some people become extremely good with certain things almost like they were born for it then there are some people even when they put in too much, they still suck at it. In my opinion, it is better to to work more on individual strengths rather than facing false hope that you'll get better and keep losing tons of money and opportunities. Same goes for someone who sucks at trading but is an all-star when it comes to discovering profitable investment opportunities. It's different for everyone.

stop for a moment to gather determination and knowledge, it's so good...
there is no point in forcing yourself and being too confident when you are classified as a new trader, if you fail in the first try it's a natural thing, stop for a while then gather knowledge, determination, and capital to return to trading in the future

That is what you called rest, do not force ourselves on the things that we cannot control. It is better to stop first then try to get back your confidence after that, start trading again. Losses are inevitable, it is part of the process of success.

Many traders becomes discouraged whenever they experienced losses, this is a wrong mindset because we should embrace it and try to learn new ideas and concept that can help us to become a wise trader.

Well you could still earn aside from trading anyway.
I know that nobody enjoys losses but do you still see yourself earning from it like you enjoy learning the ropes of trading.
Day trading wasn't for me and I am even quite lazy to get back up so I just decided to throw it all to Bitcoin.
It's either you go back to trading once again or try other things to earn in crypto.

Leaving the trade is not the right decision in case of loss of trade If we can learn to trade well and have good knowledge about trade then it applies to everyone. There is no such thing as a boy who can trade but before that you have to have an idea about trade. You need JavaScript enabled to view it. Faith makes difficult things easy. Trying to learn the trade by practicing different places will achieve success.

Trading is not easy, before you enter trading fully with your money, us better you learn trading tactics well and be very sure you understand the basics. I don't think is your luck, Go back and learn more about trading, you can read more about it online or better still watch YouTube videos, and try again, Goodluck.

If someone thinks that trading is not suitable for them the let it be as it is.Yes they can make profits if they learn more things about trading and invest money again for trading but not everyone may not be able to afford to lose their money while learning so they can just be a holder and in long term the holder eventually make more returns than a day trader who has good trading records.

It is up to each person to decide what to do with their money, I know that some people may think as if quitting trading is a bad decision, but quite honestly not everyone can learn how to trade effectively and earn money in the markets, sometimes you need to recognize that an activity is not for you and move on and if the OP has decided that it is on his best interests to stop trading and do something else then we must let him, that way he can concentrate in another activity that can become profitable for him.

You are right! Not all things are really meant for everyone and we know that there are things that doesnt work no matter how hard we do try.It might worked for others but not for every people thats
why i cant really say that it is a bad idea if someone do realizes that trading doesnt work for him.

Its up to theirs on what would be the things that they would next get involved and you are right that its their own money thats why they do have the rights on what are the things
that they would gonna do next.

As long it do make profit out for us then it doesnt matter on what would other people do say.Just  stick out on things that you do believe that is feasible for you.!

In trading, it requires determination to learn, gain knowledge and it takes a lot of patience. For some they are losing hope because of losing money, so why not having a continuous learning by reading some analysis, strategy and watching some videos. A person can do this by continuing to learn without having a funds to start with, although from the start we experience to earn and lose money. So well it really depends from a person if not willing to continue.

Well, there's quite a lot of work you can do besides trading. however, if it is a business and something new, then you also need to learn about it, and you can say that the work is not for you.
In fact, I feel that you are limiting yourself to doing this. I think that humans can do anything as long as they study and not give up on it. However, if you trade and get a loss, and say it's not for you, I think you're wrong, you're just doing the wrong way

You already said where your problem is coming from, you don’t know anything about trading and you didn’t even care to read about it, so what sense does that make?

You intend to make money from trading cryptocurrency when you don’t know a single thing about it, you don’t even know how to read the chart and you don’t have a strategy, you just want to gamble and you expect to be as successful as one of the professional crypto traders that took their time to study and understand everything about it.

Nah, it doesn’t work that way you’re just gambling since you have no strategy, and people who do this are not successful.

Depending on luck is just as worse as getting emotionally involved, like with hope, greed or despair. You need a setup accordingly to your risk preference and a strategy that is proven to be successful in the long run. You also should keep a trading journal and write down all trades you do, like what made you enter a trade, what made you exit. After a month or so, you should start to see some patterns in your behaviour and you now have an angle to work on that issues. It´s a game of patience and nothing that can be learned over night. I mean, what kind of profession is worth something if you can do it by luck or by learning 5 minutes?

This is really perfect advice for me: D, I have never noted down what made me buy or sell altcoins and sometimes I trade emotionally with a bit of greed and regret and the result was I lost a lot of money.

That's good a good choice for now, take a break.
You have to remember that trading is not backed up by your luck. You need to spend time and efforts to be a better trader. Anyone actually can be a good trader, maybe you are just rushing in without the enough knowledge on what you are taking in. You may think of quitting to trades now, but there might be sometime that you'll realize of you becoming a much better trader. Learn and practice first dude. You should learn from that lost.

I can't quite agree with this view

Although it can be claimed (with some reservations) that anyone is capable of becoming a good trader (even though we may disagree on the exact definition of a good trader), we should also take into account "opportunity costs". What I mean is that it may be more rewarding both in terms of money and in terms of satisfaction to get engaged in some other activity, more suitable for a particular individual

I have been trading for three years with varying success. And all these three years there are moments at which I say to myself: "trading is not for me, trading is definitely not mine." But then I learn new information, study technical analysis in more detail and practice, practice, practice. Only then results begin to come. Trading is hard. If you do not persist, nothing will work.

Even into my own trading journey which there are lots of instances that i did really tend to quit on point because i do lost up a certain trade but it do really require much more self discipline and dedication before
you would able to do so.Yeah it might not be simple as it sounds but it will vary or depend to a person on what trading really is for him and if hes serious enough then he wont really quit no matter how hard the situation
we are facing on but sometimes there are really some things which we do need to let go when we do saw that it isnt already feasible or profitable for us.So its up to ones choice depending on the scenario that he do currently
experiencing.

A key word you need to understand about trading is that it is not by luck; but hardwork and ability. Before you go into trading, you need to have indepth skills, knowledge and be able to master a working strategy for yourself. For you, i think you need to work on your self confidence; improve your positivity productivity; then try again; Everyone can trade well; if it is the right way.

Trading is really hard indeed, but when you already know how to trade effectively and how to read charts, candlesticks, and you always follow your coin in diffent sites it will be an advantage. Continous to learn in trading we will all be an expert someday.

charts,  candle sticks , t.a's , etc  . there are many terms and each of them are hard to learn  , no wonder why the guy take three years on that journey but still questionable of what he can do   .

  good thing that he didnt give up   . happens to me too but on other field where i feel like giving up but i didnt do it , then luckily profits came in later  on   .   its hard to be good at on something that is not easy to predict so failures can always come on our side 

I've been in your position before so I started why you told us that trading is not for you, it is normal to get discouraged when we lose in trading especially if we have consecutive losses and when our capital starting to decrease. There is pain but I managed to overcome it because I have vision in my life. Even if I loss many times, I'm sure that I will get back and become more knowledgeable trader.

Being a weak hand trader doesn't mean that you are not going to be successful, all of traders are become like that but they managed to become strong hand trader through perfect practice and many experiences.

I think you are doing something wrong, everyone can trade and the world can trade well but it requires a lot of patience and skill and tireless service through which you can achieve a much better future than trading.The experience you gain through trading every day will not only help you to become a better trader in the future but also your daily experience will be a tool for your success.

Thats true, we are once a newbie and already experience making mistakes and having losses but its normal because we are just starting.

The time will come that you wont experience losses often since you learn from your past trades. What important is the knowledge you gain and the the experience that taught you something. Use it to become an experience trader so dont give up easily.

I think not only you who says trading is not for you because we all know trading is not that easy that you need to make a lot of research and analysis for you to make a prosperous trade and apply that knowledge that you have learned. So even you think trading is not for you; you should still try to understand and work hard doing trading because maybe someday you could be a professional trader who is useful in making analyzing the market and good profit.

One way or another, in order to have good results from cryptocurrency trading, you need to learn and learn again, gaining experience. At the same time, one must take into account the fact that this takes a lot of time. Perhaps laziness or lack of time allotted allowed me to learn only to sell and buy cryptocurrency when I see a large discrepancy in price, while, in any case, I have to conduct a technical analysis of a particular project in order to have at least some confidence in the best results. Therefore, my trade has a longer period than I would like. today even the scalping strategy is very difficult for me.

From your conversation i think this is fully your fault about trading. As market is too much volatile you have to make research more and more before investment. You have to acquire technique at first then study about that coins roadmap, market volume, there vision, mission everything before investment. You must be gainer.

thanks.

First of all you don't need any luck upon your trade mate. Trading is all about skills and experience, hence if you have one of this or both then you'll never have a problem dealing with these things.
I know trading is complicated but there are some learning materials across the internet that could help and use them to learn. Personally, I also don't have enough knowledge with these thing only I know was the basic and to be in fact I can barely read the chart. So basically, I have lot yet to learn so are you, all we need to do is persevere and have patience in learning them.

It is actually a good decision to stop trading for a while if he is just lossing all the time. But he can always comeback. Analyse past trades. Think of the reasons on why he lost to all of those trades. Study them first, make oneself more familiar to the market. And if you already had the knowledge and confidence, you can now continue to move forward. Winning is much more probable if you've learned from your failures.  Good strategies for every trades is a must.

Easy to say but in execution even you are done doing your research there are still chances
that you will experienced mistakes and loses.
Though the chance of winning a trade is possible if you do your proper research, it's timing
and patience to wait while you have your position.

---

OP are moving out realizing that he are not capable to make a good executions, better than
continuing and keep losing your Satoshi.

Do not consider above other people, there are people who are amazing at some stuff and horrible some other stuff. I have a brother in law who is a professor in philosophy, by all accounts if he knew how much he knew just few thousand years ago, he would have been considered rivals of likes of plato and socrates themselves.

However this dude doesn't know how to kick a ball at all, he can't play football if it was his life depending on it, does that mean some other person with mediocre football skills is better than him? Now this is an obvious example, just because you are good at trading or you have nerves that can handle trading, do not think for a second that you would be better than the guy who stopped trading because it wasn't for him, people have different skill sets in life.

I guess the other person with mediocre football skills would be better at football than your professor

So, yes, people have different skill sets in life. However, it can still be claimed that someone is better at life in general than someone else. Money comes to mind at first thought as the measure of one's success in life, and a good football player can bag a lot more than an average professor. But money isn't all, right? Then what is, by and large?

I do somewhat agree in to this point of view when it comes or do talk about skills and yes each person do have its own skill sets in life.

Some are just been to be discovered and some it do already exist and had been doing this for a while now.The thing here is that someone should really  need to try and test

before making any conclusions if it does work or not but failing of a few tries doesnt signify that you are bad at it because everyone wont start on being a pro

this is why persistence is an important matter.

I can relate on this because i have already learn this years back, when i did not even gather profit for 2 consecutive trades and resulted to losing all my funds in that specific exchange.
i think Trading is only for some others and not for all of us,I have read some statement that a person whos good in forex but when he tried trading here?he losses a lot so i believe this is not for everybody.

Trading is not a matter of luck, it's perfection, practice and chart reading and analysis, and you have to learn all of that before sliding in to trading. Google search about trading tools and techniques, I think it would help you enough it tackling this issue of yours. Sorry Buddy for the lost.

I know it does not make a lot of sense but at the same time this is the standard attitude in this market, it seems people have the belief they can come to this market and make a fortune in just a few weeks, and while there may have been some cases like that in the past those people were just lucky, anyone that is depending on their luck to try to earn money in the markets is probably going to be roughly awaken when they lose all their money, however even if he has made no effort to learn how to trade at least it seems he understood he will never make the necessary efforts and in his case it is better that he quits while some money still remains in his pockets.

You can say that if he do recently able to learn up trading but what if hes doing this stuff for couple of years already then you will normally say the same thing that you should need to quit and find another venture for you to take.

We know that trading isnt for everyone and i can attest to that because i do have a friend which him and i start up trading on the same time and after several years he did quit because of being unprofitable or losing
much and on my case it is on the opposite one.

It will always vary on persons skills and some sort of luck on dealing with the market thats why decisions made will be always matter on someones will.

While many will think that someone that is unprofitable for years in this market has really bad skills the truth is that this could be a matter of personality, many people simply do not have the right personality to become traders, a person that suffers an emotional rush every single time something happens in the market does not have the necessary tools to become a good trader and will eventually suffer a mental breakdown that will lead him to make mistakes from which it is impossible to recover.

Many people think trading is easy and that they can start and earn a lot of money quickly. A friend of mine asked me some time ago if I could explain trading to him, because he wanted to get rich - I said to him: "If you wanted to become a brain surgeon, do you think you could just watch one for 2 surgeries and watch some Youtube video tutorials about brain surgery and become a successful surgeon?" Only then he understood that it's a lot of work and practice. In the end he said that learning of charts, indicators,... was not interesting for him, he just wanted to get rich very quickly.

I also have been trading for more than 4 years now and it hasn't been easy - but I really enjoy it, I'm not in it (just) for the money - for me it's a hobby, and I'm learning new stuff each day and can't wait to open TradingView every spare minute  ;D Altough as many of you have mentioned - at least few times a year I think that "It's not for me", but it's just emotions speaking. From what I learned over the years - the most important trait to master as a trader is to exclude emotions. It can save a lot of nerves and money  :)

Trading has never been easy for everyone, especially for beginners because it doesn't mean you know how to "Buy Low Sell High" it will be easy to do trading. Trading needs a lot of effort and time to understand the market charts and price directions, that is why many beginners give up too early because they have a difficult time learning to trade and can't handle the risk.

You are completely wrong. I think you have no such knowledge about trading so you are saying that the day is not for you. Anyone can trade but before that he must gain experience and knowledge about trading. If you do not know how to trade you are trading If you want to do so you must face huge losses. Lastly I want to say don't lose morale. Learn about trading first then trading.

well its true that trading is not the suitable for everyone but without learning in trading or without knowing how to do chart analysis, candelsticks etc you can't even think about trading anymore so better you try to learn them first then start trading but bottom lines is trading still never easy for all.

I also experienced it where I felt that trading is not for me where I almost quit but I found out that kind of thinking is wrong because trading is my passion and I came back stronger and I managed to regain the money that I lost. At first there are a lot of struggles that we will face in trading but we will get used to it if we keep facing it. Knowledge is power but it will only become power if we know how to use it, we should acquire more knowledge about trading that we can use in order to grab the opportunities out there and also to lessen the losses that we may incur.

Trading is a business type if you think that this is a place where you can find your luck of course not! it's for you may be because you are full lack of knowledge. Trading needs time to spend to learn or study about it. It also needs time to spend to gain a lot of ideas about it for us to earn big in the future.

Of course i does really need ample time for you to learn and you can only gain it when you do trade up for long period of time and cant really be attained on just few trades on where someone
would say that trading isnt for them just because they do commit a few mistakes.

When i do start up trading i did experience lots of mistakes and we know that this is a field of trial and error and if you do let yourself too impatient on certain things then you are really bound
to commit full of mistakes.

This is indeed a business and not a gamble thing this is why analysis is outmost important.

On days like these people are talking about how trading would be awesome because we are talking about the increase of bitcoin and everyone wants to be a trader when there is a profit to be made or when they think someone made a profit during these days.

However people are forgetting that we were once 20k and dropped and right now even after 3 years we are still under that level and at 50% of that price. There were a ton of times between that day and today where bitcoin went up but also there was a lot of times when it went down as well, so at the end of the day I feel like you can see the increases and think trading is awesome but then when the price goes down you will want to get out as well. If you want to be trader be want to be a trader at all times when it goes up but down as well.

There's a simple way to do that in practice

Just buy Bitcoin first and then sell, say, Ether on margin. It will help tremendously when the price goes the wrong way as there simply won't be a wrong way. Whether the market goes up or down, you will always see how one of your assets adds to your balance. Then close your position (some part thereof) and enjoy the ride, no matter where it takes you. This way, you will learn the ropes of trading

Trading is not for everyone, sometimes for some projects is better to hold, but not hold for the eternity. You have to set in your mind a % of gain that you want or you aspect from the project and wait for it. But please use stop-loss for redouce the losses and increase the capitalizations of the alt

Here, many people lost their Deposit more than once, but still returned to trading again. You need to pay more attention to the theory of trading - this is what will help you trade with less risk. There is such an opportunity to pass training on a demo account to better understand the various nuances of cryptocurrency trading.