Bitcoin Forum

Over the years I have come in contact with so many traders and 65% of them have always complained about not making a profit in their trading when asked the reasons behind their losses they have always responded by saying this,( bad luck). You can not make profit in trading without observing the trading rules.

Here Are A Few Steps To Avoid Losses In Trading:

1) Have good knowledge about Trading: In order to avoid losses in trading, I advise every trader and those intending to venture into trading to get knowledge of trading first before trading. Go for online classes(Youtube) for a pre-trading experience, register for mentorship classes, and onsite classes for a fast and better understanding.

Note: Learn To Earn.

2) Trade With Well Known Trading Platforms Only: To avoid losses as a trader, ensure you trade with the recognized trading platforms, e.g, Bitfinex, Binance, Huobi, Coinbase, Bittrex, kucoin, be careful and don't trade with an unfamiliar trading platform.

Note: Walk with the wise you become wiser.

3) Master Your Trading Strategy: Traders who make huge profits in trading have one secret which they do not share that is their trading stategy. They master one trading pattern and they work with it, when you master your strategy, you will trade with confidence you will jump around looking for signals or analysis before trading.

Note: Stick to what works for you.


4)  Understanding The Power Of Risk Taking: As a trader, taking a risk in trading is good but knowing when to take the risk is better, so many traders lose money in trading because they believe that everything about trading is risk-taking no, you only take cross-examined and calculated risk only in trading this will help you to stop even when your profit margin is high.

Note: We trade to grow not grief.

Summary: Your profit must be greater than your losses if your a good trader so trade with wisdom.

Let me add one more

Do not trade with shitcoins

If you trade with shitcoins, it can be the beginning of losses, if the trade does not favour you, you could have lost most of your trading funds until you realize what shitcoins are.

Some coins are also just like not rising during bull run but continue to be stagnant or fall, until the bear crypto begin and the shitcoin continue to fall more than others. That would indeed be a pain in the ass.

That is the main reason you trade (Profit). Any trader who does not make profit in trading should go back to the drawing board and get more trading knowledge, you can not regard yourself as a trader when you lose funds every day. Just like the op said, learn to earn.

I have my basic tips for trading

• 1. Avoid being part of any social media platform that is giving only their speculations. Learn from your own. Just get knowledge to become dependent to them
• 2. Invest in your knowledge
• 3. Trade what you afford to lose.
• 4. Make a trading plan
• 5. Learn basic fundamentals.
• 6. STOP LOSS and TAKE PROFIT

We know how so hard to make a trade that this might affect our emotional, mental and physical state to making a decision in trading. Always make sure you are suitable to make a trade don't make a transaction if you think you doubt.

I follow you on this to admit that it is good to master our trading pattern. Most times it is fear that stop us from making progress especially when we encounter little losses because of volatility hitting off our stoploss. We need better understanding with the coins we trade in , bitcoin is very volatile and such volatility should be understood with our trading strategy and stick to the indicators that works.

90% of plebs who day trade/swing trade shitcoins LOSE money given enougn time. Plebs will sometimes make some profit, but later, plebs will lose them back to the market. I learned it myself, the HARD WAY. I lost months and months worth of savings before I stopped, and started buying the Bitcoin DIP, and HODL since 2019. It's good for your pocket, and your sanity.

Isn't the first step to trading acknowledging that there'd be instances where you lose your money, albeit temporarily? At least that's how I set my mindset whenever I start a trade, it's just a matter of whether I accept that loss (which is unlikely) or that loss is simply a part of a movement of the market and that it would grow to be better. Might be because of the influence of me investing in the long term instead of day trading or short-term trading though, since I don't actively try to actually look at the movement of the market at every time possible.

Agree. I've tried testing them out and they just honestly aren't that good of an investment, especially in the long term. Most of them are just hyped up a f, you can get a good profit if you're able to time it right (and with a bit of luck).

I like your summary of trading tips, it's very useful for any new trader. Especially the link between taking risks and making a profit is very important. Without risks there are no returns. Any investment that offers returns higher than the savings account at our bank will involve risks. Basically taking risks is what brings us returns. That is also what makes the difference between a good and a bad trader, to know what kind of risks go take and when it's the best opportunity to sell again. Another thing is that a loss is not always the same, there is difference between realised and unrealised losses. If there is a general market drop, sending all prices down then it could be better to just sit out the short term correction and avoid paying too many transaction cost.

That's the best wisdom so far although it prevents you from learning some other technique out of your comfort zone, its still best when it comes to making money.

Many have tried to make money in a hurry forcing themselves to try options trading and in the end, they lose more of what they have. If the spot market makes you money, maybe you need to maintain trading in spot market until  you get comfortable how to predict the trend in the shorter time frame for options trading which is very hard to learn. I have not learned it well myself.

I tend to agree with all you've mentioned above but the number 3 that I quoted above seems unrealistic to me.  Mastering your trading strategy won't work because there's no permanent trading strategy that you can rely on.  Once you've failed twice or thrice, just leave that strategy and find another one, this will help you to avoid further losses.

In addition to your list, setting a stop-loss per trading activity will help you to avoid huge losses, this will minimize your loss.  We can't predict well what will happen to the market and where it will lead the price and remember that trading isn't about profit, it's a need to gain experience too.

When you make a generic post like this, you can consider to use the phrases such as "majority of, almost all, most of, few of..." You cannot just say 65% when you didn't show any data to support your claim.

No successful trader has just one strategy. The market can outsmart your strategy at anytime. As a dynamic trader you switch to an alternative strategy. Besides, there is no ideal strategy, all strategies depends on one another.

That would really be a pain in the ass. But these shitcoins makes really awesome movements which is what actually attracts traders to them. It's a dilemma.

this is a great summary for trading. Traders also should not be greedy, if you start trading, you must have a profit target and be consistent until the market is at the desired point. Don't let yourself be lulled by the market that continues to rise, if there is a correction then we will regret not taking profit when the opportunity arises. and financial management is very important, we must be able to distinguish between daily needs and capital to start trading.

I think it's not good to stay away from trend. We know that shot coins is high risky tokens but if you find any best projects with huge community then it can be game changing investment also. My friend invested only 10$ on Shib and then withdraw 5000$ when list on binance. I myself made 5000$ above from Shitcoins but one thing should not be forgotten that use only 2-5% portfolio for Shit coins.

Without a doubt this is good advice, I will also say that having a defined level in which you will not tolerate more losses and cut them, also known as a stop loss, is very important if you plan to make money for the long term on this market, and the reason for this is simple, many traders do not like to admit they did anything wrong and when they are facing some losses instead of closing their trade they keep it open expecting for a reversal, and when it happens and they avoid losing a small amount of money they are happy about it, but eventually they will find out that the market does not always makes a reversal and instead the price plummets, and that is when they lose a massive amount of money.

Many are pump and dump coins, you are right and the reason they don't rise again when expected with the increase of bitcoin is they have already pumped once and may not go up again because the whale have dropped alot of it and it is looking dead or near dead, no matter how long you have these type of shitcoins they won't grow. They are always trap when they get into your wallet and the expectation for increase in value get to be exhausted. How to know such shitcoins is when there are no orders around them, you can away from them but if you are lucky to buy when whales are still preparing the hype you can sell higher for guarantee profit.

Another important steps should be that traders should not invest in new launched projects and they should only invest or hold on the top ranked coins. Holding a top rabk coins or trading it will make you more profits.

This is situational because not all would really be that shitty on which there are projects which you could really tend to invest even if its just new which means that risk taking factor would really be in effect.

Not all the times we could really make out some generalization in terms of project potential.This is situational and decisions would really vary out on how you would really be taking out such risk.

Loses are inevitable but it could really be lessen out depending on the experience and knowledge you do have.

Lots of people do lose money because they dont understand what trading is all about, most of them dont understand the basics of cryptocurrency, they believe trading is just all about buying and selling of coin, they believe you buy when the price is low and sell when the price is high, most of them dont even know the appropriate platform to trade and the type of coin to buy. so i believe before you start trading you have to understand the basics of trading and you should be able to do your fundamental analysis dont depend on anybody for trading signal because you will just endup losing you money, most trading signal groups are fake, so learn to do your research yourself.   

This is the main goal of every trader, to become more profitable every end of the year despite of their losses and this only proves that it’s not always about profit in trading sometimes your consistency matters and when you do follow a good trading strategy you can be successful at the time you set-up your target goal.

Another thing here is that, have a good perfect timing when you do trading because not all the time is a good one to buy and sell, your timing is very important so do your analysis on a larger time frame and you can see the big comparison compare to a short trade, that’s the best time for you to decide on which position to take.

Trying a demo account first is a big help for you to familiarize yourself on the platform that you are going to use, but if you don't know how to use indicators then it will be useless later on since you can still lose money especially if you don't have enough knowledge yet. Trading is something that you should take seriously, your money is at stake here and you can lose more if you do this carelessly, this is why its good to know these steps before trading, this can remind you to do everything so you can avoid losing money.

^ Though it is easy to say and I think it is tougher to maintain that goal.
You are right, it is not all the time you will have profit in trading, sometimes you will encounter a failure that makes you learn from it and avoid it in the future. If you have consecutive losses while in trading, it means you are not ready yet to trade, you just need to research and improve your skills and knowledge in trading so that you can achieve your goals. This is a common mistake by new traders, they think that trading is very easy to make a profit but actually it is not, this mindset should be corrected.

You've made quite a good number of points but one thing is certain, despite taking all this good measure in place,
A loosing trade will always be loosing trade irrespective of any measure taken to ensure you avoid loses.

  In addition to what you've said so far, it's nice to guide your funds using this guidelines so you don't incur loses more than you should loose.

Bitter truth here, even if you are a professional or a very experience day trader or intraday trader, you can never have 100% win rate in all of your trades. At least some traders will be lost, especially if your stop loss is tight.

When trading, it's more important to think about the possible risk rather than the profit so that one can manage risk well and also have a good risk reward ratio.

Most people find it tempting to invest in some shill projects that over promise under deliver to the investors and are setup with the aim of scamming people.They need to stay away from them as it's not going to give any return to them but still they become greedy or invest under the paid promoters influence and loose their funds.This is important step in trading to stay away from them.

Well with OP stated (mastering and stuff) I dont think any type of coin could make us loose the money? I mean thats the whole point here, you master yourself with proper trading analysis theory and practices and then jump into the market.

In fact peeps are literally using shitcoins as the best way to earn money as they are easy to buy and sell if the volumes good and price is tiny! Such coins are easy to drop off.

At that trade bulk buys matter a lot rather than more money and less coins.

However, at the end of day its up to the trader how they perform and whats the status of market.

Bad luck? Well for me it means he rely on his luck when it comes trading and don't have enough knowledge and strategy in order to win and to minimize losses.
If that so, or if i am on that situation, probably i will stop trading because surely you will end up massive losses afterwards.

Correct, that's why all traders must have risk management so that despite of losses you can still regain and have a profits at the end of day of trading.

It depends on what you regard as shitcoins.

Shitcoins are coins that become tradable in the market, but later its liquidity reduce. It will get to a point order will not be filled in time, if market order is used, it will lead to loss. If theree is bull market, shitcoins may have very little growth or no growth or can even decline during the time. If there is bear market, shitcoin will fall most. A coin that have no value than to make someone that bought it to lose are called shitcoins. Shitcoins are also coins that are very prone to become a dead coin.

The reason why traders don't make profits is because they still need to learn more about trading many of them choose obscure coins simply because they read things that promise huge profits if they invest in those obscure coins. Only continuing to learn to analyze can help them to profit and trade with coins that have the potential to increase in the future. If indeed we do not have sufficient skills to trade, we should not use a large balance because it can create a large risk of loss. So keep trying to learn and practice it is something we must pay attention to.

"A loosing trade will always be loosing trade irrespective of any measures taken to endure you avoid loses." This statement is correct because all these measures is to mitigate loses and not to avoid loses totally.
I read where you said that when you applied all your strategies and tools and in the end the trade still fails, that you will happily walk away and know that you have done your own part but the market didn't agree.
Everyday is not a win day for even good and professional traders, there's always a bad day in the market.

Thanks for encouraging me and adding more useful information to this post. Traders who take calculated risks in trading make more profit but they also encounter losses but manage it with the help of stop loss which you mentioned here. Knowing when to close a trade and when to start trading again will also help to reduce losses.

The primary determination of every trader is to make profit, no trader have it in mind of adventuring into lose. Except the trader don't know the elementary rudiments of trading, so therefore i will encourage any trader to understanding the foundation of trade before trading. And besides what actually causes lost for traders is not only the platform they trade but out of greediness and overwhelmed to possessed what is greater.

This is what caught me...
Do learning today and start to earn by tomorrow. The majority and most of the newcomers neglected to prioritize this thing but instead jumped on actual trading because they think it was easy. That was a wrong mentality that we usually observe and then blame the market for their own mistakes. Apparently, they are making themselves terrible by underestimating the market.

We can't deny that losses will certainly happen to us as starters but have to correct this.

This is instructive as always trading with little capital takes away pressure of high risk from you. You don't feel too much pain when you lose because you still have some money to try again. Trading is risky and no matter how experienced someone is, the possibility of losing is not taking away from any trade, being wise to manage risk is experience itself.

Haven't singled out the bad luck idea associated with trading or though, it is some reply gotten out of whatever survey, its no mystery why these traders involved in that survey had been failing.

Having the single idea that trading have got anything to do with luck at all is a misconception. It somehow relates trading to gambling and that is so wrong. Trading is infact, 90% technical and fundamental analysis. Hence, its gotten a verifiable pattern to it. The other 10% accounts for the unseen factors that could result in a sudden change in trend. The part where you do not see to analyse.

To reduces loses in trades because, it can't be completely mitigated, one needs to study trading and master a strategy. While, checking out for emotions, risk management practices and having a trading plan. It helps you to stay on course.

OP, your points are apt and that's true to be successful in trading those salient points must be adhered to. However, you should also have to add a complete control of "emotion" during trading. Lack of self control over one's emotion will mess up an entire good trading plan.

Exactly! You can't compare the level of volatility of such tokens to that of Bitcoin. They give better ROI than Bitcoin and can only be less risky to trade them on short term. Anything short of that isn't advisable. We've to remember that there are many investors who have good memories of them just the same way a lot of others also have sad and regrettable memories of why they invested in them.

To sum it up, knowledge and wisdom about trading are too important if we want to succeed. Trading is too broad so we have to study about its fields. If we're fully equipped with the knowledge, we'll be able to apply different strategies and even deal with every market situation. Also, having the proper mindset is important so we'll know how to make the right decisions wisely.

Trading is treated same as gambling. They have huge risks and guaranteed earnings at all times are not possible with them. If only a 100 percent win rate is possible, all of us are now going to switch to trading and all of us are going to be rich in no time. If one's stop loss is tight, that means that he will only lose less but a small loss is still considered as a loss although it can be easily recovered.

It's better if one can also think about the risk and the possibility of losing other than thinking of profits so that he will still remain to be realistic and won't feel bad if ever the trade turns out to be a lose. This will also prevents them from being greedy.

I don't think trading should be likened to gambling, especially if someone is not entirely relying on only probability like some dice games.

If trading is treated as gambling then everything we do on this mother other that involves risk and losses at times should be considered gambling too like investing in Real estates, Investing in education, etc

Learning in trading is the most basic rule a good trader needs to do before he engage himself in real trading. However, newbies tend to forget this, but they always believe in a lot of speculations without finding the facts first. Because of how they see trading as a quick rich scheme, they always fall for losses. And losses in either way becomes inevitable in trading, but at the end of the day, a good trader should learn to overcome his losses and maximize his market gains so he can sustain trading.

True, shitcoin has no basis of trust. They are just hype, though not all. Betting on shitcoin is a gamble that has no solid foundation. There are two possible, profit and loss but may be mostly losses. If you are not ready to lose then do not buy shitcoin. Many people are just speculating against shitcoin he chose it like gambling.
If it keeps going up then it will be very strange you have to be wary of it could be just manipulations like Squid Game. Then many altcoins that go up and down it will be a little reasonable because it is crypto like that, by utilizing it we can benefit.

This statement is very difficult to understand for a Newbie in Trading.
Many newbies consider this in their earlier stage of trading, for which they face huge losses.
They forget the basics of trading and in anxiety they take wrong steps while choosing the perfect coin and perfect time.

All the above mentioned points by the OP is well written, but I would like to emphasize on one specific point.
Always choose the right exchange or trading platform.
I have seen many newbies joining scam exchanges due to it's attractive marketing and hence losses their money.
At last I wish all the traders to make huge profit and live like a King's life.

Knowledge about trading should be changed to knowledge when and how to trade. But I guess the OP wanted the same idea to be told. Most people know what is trading but don't know how to.

While shitcoins are traded way more than bitcoin, it is the only method to knowingly get stressed on trading. If newbies make it a point to do dummy trading first and then avoid shitcoins all together, they should be able to gather more profits over time.

However it is time-dependent. No method is fullproof and trading is a long term dynamic game.

And that is why I don't believe and trust signal groups pretending they will give you tips on how to earn more in trading as these people won't tell you their secret.

In trading, it is not necessary to have multiple strategies in order to earn, we'd rather choose at least 1 if we know this is effective and really it works for us. Indeed, mastery is very important to work it perfectly and increase our chance to make a profit rather than losses. As we focus on a single strategy, the more it gives us confidence that we could perform better and the results are great.

The OP have outlined good steps Which I think will probably be of great help to traders, especially Newbies. But, I will like to add something. Traders should always trade the amount they can afford to lose.
Also, is important to control greed when trading. Because, greediness have been the downfall of many traders. They usually trade out of greed, Which lead to them losing huge amount of money in the market.

Now I ask myself how the market that is in an uncertain condition is currently reaching people who are even beginners who actually focus on Shitcoin. LOL
Do they still expect crazy profits? Besides being dangerous, they have never learned how difficult it is to avoid big corrections if their finances are still stored in Shitcoin. Maybe only a few cents, in Bitcoin exploring long-term trade will be more effective, but for Shitcoin there is no safe way.

I agree with this, do not trade shitcoins, most people nowadays buy and trade shitcoins they didn't know this because they only believe to what they only see in the influencers they are following, they didn't know that most of it are only good for pump and dump, we should learn to educate ourselves so that we can choose better token that will last for long not for shorter time.

Trading an amount one can afford to lose is just the sole guide against so much losses. In trading loses are inevitable so to manage this loss and ensure winning has a greater percentage the best solution is just that simple line of word trading an amount one can afford to lose. Anything done out of greed is gambling

And it's the riskiest strategy that one can do.

That's one way to have more losses if you're not careful with what you're about to do. Do not be greedy and it's important to have your mind on set with that thinking.

Because you're going to protect yourself from such greediness and you're being aware that it's not the way how a trader should do.

Demo trading is very important for any newbie in crypto trading to get started though it is not a real live trading however it has helped a lot of newbies in having a real taste of trading and whatever mistakes or little adjustment that is needed can also be corrected, however some newbies don't subscribe to the idea of demo trading first, rather they prefers live trading unfortunately get liquidated within a very shortest period of time, I always advice any newbie to learn and practice crypto trading via demo trading.

Demo trades are just good for familiarization in terms of indicators and other chart related thing or tools so that you do at least know on how to make use of them but for me the best thing to practice out yourself is on

dealing with actual balance or real ones on which you would really be that keen or careful on making step or decisions since you do know that you are dealing with real funds unlike when you are doing demo

where you wont really be stressing out yourself or not making yourself to be that in serious since you know that you cant or wont lose nothing.

Trading shitcoins is seriously the biggest pit that people fall for and that is something to avoid big time for most people. I personally believe that the best case for all of us would be to make sure that we know what we are doing and trading the known and good coins that have strong volume.

I remember a friend tried to make money with a coin that had about 200-300 dollar volume. It was literally just one persons pocket money valued volume but he tried it only because he believed that he could turn that low volume to his advantage, then one day he lost it all because some whale came in and swept the floor with him using his money.

You are not knowledgeable in the first place if you end up investing and trading with shitcoins. Although they may be profitable at first, but their value eventually drop as time goes. That makes them not suitable for long term hodling and trading. However, if you want to maximize your profits in trading, always go with bitcoin and established altcoins as their value appreciates more than your preferred shitcoins, so you can expect that you can trade them at a more decent value.

I don't know how can greed affects the trade but if you are having a profit in your trades better to pull out your capital or your initial investment then let your profit run especially if you are trading shitcoins,traders are usually buying it for a pump and then dump scenario. Trading these coins won't last for a week, if you want for a long term hodl don't buy shitcoins.

There are so many steps that can really help a trader to actualise what they really want to get in trading. Trading is like a career we don't need to rush it. It need consistency and more reading of books and interaction with successful traders to get the hint to become a good trader. The market is falling now and is those that know more information about the market that get the signal of what the market is capable of doing before that time comes.

Greed usually occur when a trader think that their coin hold will pump more and usually we get trap on this situation especially if the price starting to dump then we still have a faith that we see more pump. That's why we need to avoid this feeling and avoid to feel regret on profit we  can possibly get then always remember that profit is profit so that we can earn and not to lose our capital on trading.

For this reason it is always good to fix a target price and go for a sell order. Most of the users who were in the market during the 2017-2018 will know better about this. Because everyone were just enjoying the regular growth and suddenly the market bounced big. This Increased the expectation and everyone kept holding. None believed the ath to be the peak and kept holding, finally missed the profit. When the trade brings in 20-30% profit be happy with it. Don't expect much and miss everything.

Trading also for me is skill one. There are a lot of people trading because of luck and I believe that they will not become successful traders if they are only believing in luck in trading, as some people said trading is gambling, which I totally disagree with.
There are a lot of successful traders now that become dedicated to learning how to trade and they can easily say that trading is gambling? Very no.

If you can stay profitable investing in shitcoins, then why not? After all, its certain to us that shitcoins can give us huge profits even in a short period of time, but we should also take caution and learn to monitor more the market as well so that we won't end up selling them in loss. Smart people never stop themselves from investing in shitcoins, but somehow they are quick enough to determine when those shitcoins become not profitable anymore.

shitcoin is something like playing the lottery, the difference is that with shitcoins the person has the chance to be able to do research and determine if the project has a greater or lesser chance of being a success and of course the person does not lose all the money like in the lottery, in the case of shitcoin the person will lose part of the money so I think that if the person only uses the money they can afford to lose then I don't see anything wrong with investing in honest projects that have some potential to increase price

You probably have experienced it when you're too greedy and have awaited for more to make your profits higher, you didn't actually pull it out because you're waiting for the bigger profits to come.

That's how it affects it, whether it's just a little profit and you're not greedy and satisfied, you're happy to cash the profits out because you're good and satisfied with how much you've gained.

All the reasons you have listed above are right but the solution you gave isn't the solution to the actual problem but just to satisfy your financial needs. ::)

Signal groups will make you lose more, don't pay attention to so called expert predictions because there is no expert in cryptocurrencies, just do your own analysis and make money.

yes, those steps are our way to avoid loss in trading. but there are also those who lose in trading due to greed and lack of financial management. trading on any platform of course there will be risks that we have to face, all risks have become the first challenge in trading. but in my opinion, if there is a consistent management that we run in trading, this will minimize the risk in case of unexpected risks.

Shitcoins will most likely lead to losses, the best is to avoid such coin, not all altcoins are shitcoins, the altcoins with high liquidity and high marketcap are not shitcoins, why not just go for such coins rather than shitcoins. Although, the best I can recommend is bitcoin which is safer and not volatile unlike altcoins, but shitcoins can be most volatile and yet someone can buy shitcoin and remain of low liquidity and price fall.

Yeah, when it comes to training on trading, I think it all depends on the person. Some of us will really don’t understand it when we are watching videos or reading contents online, so for people like this,it is always best for them to register for on site classes where they would have to be taught face to face, they can be able to practice on this by having their teachers or mentors to guide them through it while they are there with them, that way it would be more easy.

It wouldn’t be like online where you just watch the video and there are some specific questions you might have, and they won’t be answered.

There are people who do really love to play with fire thats why  they do really intent to touch up low cap coins which they are risking it out just because they do love possible multiple folds when it comes to

profits even though the risk is higher then some do knows about that and some who just go with the hype or someone who had recommended that but if we do talk about potential and chances then

we know on how low it is but there are really people who do love to take these paths which its their choice after all.

Signal groups will end up making you lose so much money and many people do not realize this unfortunately. I personally believe that we should not be focusing on others to make us rich, most of the time it should be something that is we personally find that will make us get rich. Why would anything that others say get us rich when they could keep it to themselves and get rich that way?

Realize that signal groups buy themselves first, then hope that with enough hype on their group, they could make it pumped, and sell, and then they will tell you to sell, and dump. That is why you should always stay away from those type of places at all times.

This is the basic thing when we are going to trade or even invest in the crypto industry or even other businesses. Without good knowledge, we may do trading only based on hype, following other people, and also like gambling because of luck only.
Learning not only about trading knowledge but also crypto in general, some ways to analyze the market both technical analysis and also fundamental analysis. And this may be not easy that is why it needs a continuous learning process.

Exactly, many newbies are trapped on the small exchanges until they lose their funds, their assets, and also probably their trust in the crypto industry. Moreover, if the exchange is a small and non-reputable exchange, this will be very risky,

I have found many arguments in your words. In order to trade, you must withdraw the signals that will be given to you by different media or from different sites.You just have to be more discriminating with the help you render toward other people.If you do not have a good understanding of trading then there is no need for you to trade.Then at that moment you will lose your funds.If a trader follows the mediums that you have mentioned then he will be able to walk the path of trading without any difficulty.

That’s just how the market is meant to be, there will always be people who are losing and there are also those who will be making money. When you are losing there is someone else who is making money, that is just the market for you.

And it is much better that you experience small loss, than a huge loss, because small losses can easily be recovered as you have said, and if you are able to make use of stop loss the right way, this tool would go a long way in helping you. What really matters is if you are making profit at the end of the month, and not really what you have achieved in a day.

Correct, there are two solutions to all of those problems, the first one and the easiest out of the two is to recognize your lack of ability and stop trading, this way you are not going to fall in all of the mistakes a trader makes during their career, the second option is to dedicate a huge amount of effort to study the markets and learn to trade on your own, it is not easy but it is the only solution that allows you to obtain profits in any market.

You won't be trading just for short term profiting but it should be for long term. However, if you trade with shitcoins, expect that the profits will only be temporary. And no matter what you do in trading, there will always be losses that's inevitable. The good thing is, if you trade with the right coins, you will learn to maximize your gains over your losses. That makes trading different from losses.

Those who trade at short term will gain little profit than losses so I think it's not advisable if the strategy is not fit to what you want to achieve. And choosing altcoins/shitcoins over Bitcoin is a bad choice if you are really planning to make some huge profit in the future that means holding Bitcoin for a long time. Bitcoin price may drop but when it's time to pump the return is more than what you think you would deserve so make a plan and strategy if you really want to trade wisely with crypto.

the use of stoploss will indeed give us a healthy trade, so that either profit or loss the graph will certainly be readable, this aims to correct ourselves with the learning developments that we have been doing so far. therefore it is very important the meaning of discipline to improve the quality of our trading, so that losses if they occur can be measured, as well as the profits we achieve

It is very clear that trading is risky, no matter what we do, no matter how careful we are and apply those things that OP had mentioned, this still won't give such assurance. Might to say we can minimize our losses but not in a thing that we can avoid it as certainly was a part of trading journey. Whether we like it or not, it actually exists in real life.

The thing that we can do is to always be prepared, learn from our mistakes, and take action to help prevent them.

@Silberman thanks for the encouragement and contribution. Traders must learn to close their trade when the market is not favorable to them, otherwise, they will keep more than what they should have lost. Setting a stop loss helps better.

Considering the time of holding, Bitcoin is still the best asset to invest your money, there are many other projects that you can choose

but if you do like holding and waiting, top coins are best fit to that kind of investment. Long hold, but the benefits will surely let you enjoy.

It's on how willing you are taking the extra patience while waiting for your asset to grow according to how you perceive and how you

anticipate the delivered profits.

If choosing a certain project makes you think it's worth it, you should think again because most of them aren't as useful and profitable like Bitcoin or Ethereum. Most of them just pump because of the hype but after that it will just dump and there's no way it will grow back again. It's not worth the risk and if you want to gamble then proceed at your own risk because we've been warned already that those altcoins were good at pump and dump and nothing else.

If you start with trading shitcoins, then you can't expect that you won't experience losses somehow. Although trading with shitcoins may also profit sometimes, but if you are thinking for long term profits, then always trade with bitcoin and potential altcoins. That way, you know their value will never dump so much, but when it happens, they will also recover once the market starts to become stable. But for shitcoins, they will always stay dumping most of the time.

you are always in panic mode if you are trading with sh*tcoins because one wrong move, and you will end up losing all your funds. it is as if you have no peace with yourself when youre dealing with this type of coin. better go for much solid project where you have the assurance that they will not disappear overnight. but just look at UST & LUNA today, many investors lost their life's savings because of the current price in the market. we can't say they are shitcoin because they are like one solid project and yet, they are losing heavily in the market. so yeah, we can't really be sure nowadays but we can limit our losses with our choices.

As long you arent dealing with leverage or futures then you wont really be making yourself liquidated but if you are doing spot then chances of recovery would be still there.

You wont be losing your investment on a short span of time since decrease or crash do happen gradually which means you could still have that chance on getting out.

Losses is something that could not really be avoided when you do trade but what matter most is that you do able to make yourself to be profitable in the end of the
day despite of losses.

Before trading or investing we should know what coin we should buy either for long term or short term,
for shitcoin it's better when it's profitable to sell it immediately and don't think about holding it because it's most likely to make a loss,
and for the long term the top coin is the right choice and there is no doubt about it

Do we say Luna is a shitcoin if we use your qualifications of what a shitcoin is? I guess alot of people will be quick to say that it is a shitcoin now that disaster has fallen on it. But a few months ago many people called it a nice and solid project. Most times we do not know if a project is a shitcoin from the beginning until something bad happens to it, until it is tested. There are other projects that have faced this same problem but came out of it and people have forgotten that they once accused them of being shitcoins. The major thing is for fallen tokens to rise after they fall and no one will call then shitcoin again.

The fact still remain, as long as a coin value, marketcap and price can drop like that of Luna that happened recently, it is definitely a shitcoin, but there is a chance it can become a good project again and there is a chance it can become a dead coin, which means a dead project if people do not support it anymore in a way the coin developers stop the project.

If someone wants to be part of those altcoins that are risky currently and they're pumping and dumping. Make sure that you know what you're doing and you're not hoping that it will make you rich.
Because if you're greedy and you think that it's going to be your once in a life time fortune, you need to be a thinker as you do it because that's where many are doing it wrongly.

Make sure you already know when to buy, how much to buy, when to sell to take profit, and when to sell to take a loss in case you were wrong. It's not easy.


You can be greedy, and just HODL Bitcoin. Best DIP to bid for the bear market will be near the 200-Weekly SMA line, which is currently $21,857.00.

Trading any coin whether old or new, shit or real coin and top ranked you can encounter losses if you trade wrongly. So trading has no guarantee for any coin but talking of hodling, the risk is less compared to trading because they are different pattern. You can also stake your coins instead of hodling it. Staking has no risk if you keep it in a trusted exchange, you will get the coins back at due date plus the additional.

Trading shitcoins is incredibly risky, but if people want to do it then they need to either do this with a very small amount of money and invest the rest in coins that they know are not going to disappear overnight like bitcoin, or they need to wait a few years to do this until they got enough experience and skill to take such a high level of risk, unfortunately we know that most of the time those that are interested in shitcoins are newbies and they pay the consequences of this mistake.

Risks exist everywhere. You need to be aware of that risk first and then invest in any coin. Staking is good, but if after staking a top coin and the price of that coin goes down for some reason, the investor will suffer from all sides. So risk management is very important. It is difficult to say that the coin that is in the top ten today will be able to be in that top position tomorrow. Because we have already seen the collapse of a top coin which has caused huge losses to investors.

You may not do the thing that you should do correctly each time, but that doesn't mean that you should not follow them neither. Yes, even if you follow these then you could still lose money, but do you really think that if you throw all of this out of the window, you would still be profiting? No, you would do worse.

This is why even though there is no situation where you could win too much, you should at least consider a possibility where you could be doing as fine as possible with whatever you have, and that way you would be basically just profiting from the situation when it is possible and making the best out of the situation is enough.

Yes, it's not that easy at all. Newbies and those that are interested in the trade think that it is easy when they see people making a huge profit as they trade. It's all well planned and executed but, many times are spontaneous with their trades.

This is way better than trading if that's the crypto that I'll be holding. Well, I've got that already and won't do the same mistake as before of selling too early for bitcoin.

Shitcoins are the best coin to trade if you want to make like 100x of their capital. These coins pumps massively and dump heavily, although they are control by the market and the people behind the projects. Shitcoins coins easily cancelled zeros frontwards and backwards, they can make a trader rich over night and can also make the trader financially unstable overnight. Just take caution before investing in any of the shitcoins, no of them are safe or guarantee 100% that they would explore in the nearest future.

Bitcoin was $3800 in 2019, but its price increase to $69000 last year which was its all-time-high. Assuming someone bought bitcoin at $5000 in 2019 and sell at $50000 in 2021. Is that not 10x? Isn't that enoght?

Some coins like Doge, Zilliqa, Shiba Inu increased significantly. Even if Shiba Inu was still new, Doge and Zilliqa and some others were not new but inceeased over 100x. How about Ravincoin, it increased 100x. Those were never and never now shit coins but altcoins.

I will not go deeper into this discussion because I do not know what you mean as shitcoin, some people call any other coin that is not bitcoin to be shit coin. But, shit coins are coins that have a very low marketcap in a way that bear market can make them become dead.

It's probably human nature, and human emotions. We simply feel the need for excitement, or the need to gamble and dream of "making it" in one over-leveraged trade. The traders who are among the top 10% who make it, exploit that.


I believe it depends on what you want to get out of Bitcoin. Is it to make fiat by trying to outsmart the market, or do you believe it enough to be a technological breakthrough, that it deserves to be a part of your savings portfolio?

I will also share my version of the trading strategy in this topic too

- Timeframe - 5 minutes
- Look for a big accumulation of highs or lows and use them to draw the level
- When this level breaks through, go in the direction of the trend, put a stop-loss outside the high or low
- Keep the risk/reward ratio of 1 to 3
- Use no more than 4x leverage (Cexes – Binance, Kraken; Dexes – Wowswap or Ddex)
- Profit!

I'd preferred to just use 2 exchanges as it was very manageable. But, this needs to focus and spend more time on the computer.
And in regards to time frame, a shorter time frame is the best, well 5 minutes is enough. But I never recommend this strategy to newbies, that certainly be risky for them as beginners as the use of leverage trading are just for experienced traders and day-traders. 

Yes, it was good to use stop-loss for fund protection and avoid big losses. This needs to master as well and must apply in all trading forms.

Yep! stop-loss is best for trading , whether you are a beginner or what you can use stop-loss. For me I am not using 5mins tf, but instead I am using 30mins or 4h for charting tho I am not a pro or an expert in this matter but that is what I am doing. Aside from charting I always make sure that there will be no new news that I missed regarding to the token I'm invested with.

I think using Future trading is not without risk so it's better to avoid Future trading..maybe sometime you make big profit but one blow like Luna can make you Zero.
Spot trading is better choice and if any body have knowledge of charts then day trading is useful and profitable. It's better to use Binance,Coinbase,Ftx,Kucoin and Gate exchange for real time price and high volume of trading.
Don't invest all in one coin , Diversify your investment on top coins.

Stepping yourself inside Future is something not really that recommended specially if you are still noob.You would be finding for yourself to be fucked in the most fastest way which blown up your
entire capital.
So better stick with spot and practice out with small amounts as long you do gain up some experience.If you are really that eager on stepping yourself with Future then its your
choice but you should really be aware of yourself in terms of risk management because its really hard to deal with a market where it is totally unpredictable and cant really be that
easily to be handled.

I have seen a lot of people getting liquidated in futures trading.
So if you don't know what you are getting into, better keep yourself on spot trading.
And a very good example today is those people who are into futures with Luna.
Some may indeed lost all their life's savings with this project. And that will be their biggest lesson in this market.
If you want to minimize the losses, for one, choose the reputable trading platform.
And then, when are trading coins, you should have knowledge of the coin your are trading with. Don't trade blindly.

The good part of investing in bitcoin is that it is safe but at the same time it is highly profitable once the right time comes for it. If you can't wait any longer then this coin is not for you but feel free to invest in those shitcoins.

Indeed that some of the coins that you mentioned are not a shitcoin but they are just a normal altcoin but dogecoin and shiba inu are meme coins and also termed by the many as shitcoins. They can be risky for longer terms. The only interesting part is we have been in a long term bear market but shitcoins like shib and doge are still alive and expected to recover once this bear market ends but other than the low marketcap, shitcoins also have a huge number of supply.

Bitcoin rise while altcoins follow, if bitcoin bear market starts, altcoins also fall even more. So, what did you mean by if someone can not wait longer to buy altcoin, when altcoins are following bitcoin threads. What you probably meant is that altcoins can increase more during bull market, but there are few altcoins that people would have been expecting to increase but did not during bull market.

I have not seen doge and shiba inu to be shitcoins, they are not yet, coins like Luna is a shitcoin because of what happened to the coin recently, but doge and shiba inu are just doing like other good altcoins, if they are regarded as shitcoin, then almost all coins in the first 100 in ranking should be considered as shitcoins. The coins I mentioned all individually having marketcap of billion dollars.

It's not that easy, or else everyone would be making easy profit everyday, and if everyone is making easy profit everyday, who are the people losing? For every trade, there's always a counter-trade against you who also believes that he/she is right. Better to just buy the DIP and HODL, and make it hard for the "traders" to get what they want most from you. Your Bitcoins.

Some people are looking for cheap coins which are shitcoins. Many had considered the price upon buying without looking at their chances to make a profit from them. It is really a big opposite of how these pro-traders work on their trade. If all of us just act like pro-traders, then we could say that trading is the best place to stay however, this never happens and all of us have different opinions and market views which is why some had lost their trade while others get profit.

Since cheap coins can make 10x in a day so no wonder a lot of people forget the risk and gamble their money in shitcoins, it annoys me when they're crying about losing their money when they invest in shitcoins without realizing the risk. When the one got lucky they share with their friend so their friend follows him to the death trap and in the end they brag their loss on the internet.

Using multiple exchanges diversifies your portfolio and your trading very equally. Which means that the risk is lower, sure you may not earn as much but you will be able to not lose too much as well. Sometimes people need to ask themselves, do I want to earn 100% profit with a risk of losing 80%, or do I want to earn 20% with a risk of 5% loss?

I usually end up being in the second group, because I rather have a low losing risk, which in our crypto world is a big ask, because we have even bitcoin dropping significantly as we have seen recently, but it is definitely not a big deal. All in all, we just need to end up being a bit more patient and it will all go right.

It is absolutely the basic that we must have before trading. Trading with knowledge also still has risks.Moreover if trading without knowledge at first, it is pure gambling with no skill and ability.

This is one of the most difficult things in trading. Sometimes, we think that the strategy has been clear and also fixed for us, but unfortunately, it is wrong and makes us loses. This may need some trial and error, but not too much. With some experience, this will be gonna be better

Indeed, many newbies don't think about the risks that they may take before trading, they only focus on the profits at first without considering the risks that they take. We must know whether we are low-risk takers or high-risk takers.

Some other things that we must have is a good management of money to invest or trading, including we are trading for Future market or Spot market only. This needs certain money management

Cheap coins are quite popular with traders, because they have the opportunity to generate large profits in the short term. Because cheap coins
are usually mostly shitcoins that are used for pump and dump schemes, the price is very volatile. Indeed, the risk is very high if we trade
cheap coins, but as you said it is quite possible to make 10x profit in a day. But because of the high risk, it is certain that there is a possibility
that we will experience big losses if the movement of the cheap coins we buy does not match expectations. That is the importance of
the stop-loss feature when we trade cheap coins, so that we avoid big losses. In conclusion, whatever coins we choose when trading is our
own responsibility, so to become a successful trader is not easy. We sometimes have to make several mistakes that result in losses,
which ultimately teaches us how to trade well.

future trades only suitable for expert traders that experienced in spot trading. alot beginer start their future trades meanwhile didnt understand how analize market movement and risk management. only in single transaction future trade could liquidate our order while market move with high volatility. spot investment better due its risk lower than future trade and good for long term purpose.

I am Totally agree with you because many people loss their money in shitcoins. Shitcoins not have any future so I suggest every one to avoid trade in shitcoins. These Types of coins are pump and dump coins. And having high risk of lossing of your money.

That is definitely for them (experts) but we can try as well if we want, however, losing is somewhat we expect more rather than profit. Well, that is actually an experience of being a trader as even in spot trading, newbies could still face it. There is no such safety assurance in trading, we can avoid losses but not it comes to a case that we never lose anymore. We just look for a big chance and it was advisable to start spot trading before making a step to a higher risk trading system which is Future trading.

For short term trading I think it is still understandable but if we hold shitcoin for long term it is not recommended,
the risk is indeed very high apart from that there are still more viable coin choices,
don't waste time on shitcoins because it's a shame

What's the point of "short term trading" for plebs like us? That money would have been used more efficiently by finding good Bitcoin DIPs to buy. It's only understandable if someone is a real professional trader who's making a living out of trading. Plebs like us? We'll be only taking more risks, less reward.

That is true, if we are in a huge hyped bull market, just like when we moved from 10-20k ranges to suddenly be 60k+ in a few months, then altcoins could rise up even bigger. Maybe not ETH or BNB because they go up around the same levels as bitcoin and nothing bigger, but that will eventually make it a bit more interesting.

I believe that we should be focusing a bit more towards what could be done with smaller cap stuff. Because if there is a thing with 2-3 million dollar market cap, with a big whale getting in, you could make insane returns from it. This is why during the hyped bull runs, alts could be a better place to profit.

I have a premise, always trade BTC and only trade shitcoin if only if when I have confirmation that BTC will enter a bullish trend, at that moment I wait for the correction of BTC to buy shitcoin and then wait for BTC to return to go up so that the shitcoin takes a value above 3x4x and then sell, because that is the way the market moves, but at the moment when the market is so volatile I would not dare to buy another currency that is not BTC .

There are people who buy many altcoins thinking that it is a good time, maybe it is, but they run the risk that their money will go lower if the BTC goes down.

Unfortunately, those same shitcoins could be the place they believe they could find a gem. I believe that it would be a terrible idea and we all know that gems would start great anyway, and never be shitcoins.

But at the same time, people think that if they can buy that coin that is fraction of a cent, they could end up with getting richer than their wildest dreams if it is "just 1 dollar". Seen it a lot with shiba for example, if it was ever 1 dollar it would be insane, and the marketcap would be bigger than all of crypto combined, so how could it be there? We all know that it wouldn't be possible but yet newbies do not realize that and have a hope.

A good trade is a summary of high profit made minus the losses to give a balance sheet of more profit and less losses.  Keeping a trade as simple as possible at least for someone too new to crypto having a few portfolio is best. At most three coin with bitcoin as the major coin on the list is preferable. For every shit coin investment there is always gambling mindset no matter how one paints it. A simple portfolio is just perfect for non-pro traders

The main thing that I would advise you to devote enough time to is training. In my opinion, this aspect is extremely important and clearly requires preparation and work on the result.

This is really what most of us need and also add patience because you know whether you devote time to learning things, without patience, you ca last long and not be able to trade well. Trading is mostly about your emotions. If you know how to handle it, then that is good because some of us are really emotional when it comes to trading. That is why they lose because they take trades that they shouldn't and the strategy hasn't met yet. Knowledge is power, and trading losses teach you to take the time to understand what you did and why you lost that trade.

Patience and having experience help to get the point you wanna see yourself as a trader. The 5 years of screen time on charts makes you an average trader and pro trader requirements can easily go over the mentioned period. Successful traders know what they are doing because all parts of financial markets have similar working mechanisms. Emotional control can save your day since someone who can't control himself can lose in a day the profit that accumulated in a few weeks.

That's why I always say being a successful trader is not easy, it takes a long process for us to understand how to trade correctly. And if anyone
says trading can make us rich instantly, that is clearly a misleading statement. We must first learn about the crypto world, so that we know how
the crypto world works, after that we have to practice controlling our emotions when trading. Because without good emotional control, we will
always make wrong decisions. So emotional control is one of the important points that we must have if we want to be successful traders.

The last thing to have is of course experience, because the more we have more trading experience, we can correct every mistake we make when
trading. Because in my opinion, losses in trading cannot be avoided, but we can minimize them. One of the characteristics we have become
successful traders is that the amount of profit we make is much greater than the losses we experience. If the losses we experience are still greater
than the profits we get, it means that we still have a lot to learn and improve the way we trade.

On the time that you could really able to sustain yourself into the market do indicates that you are really considered to be a trader on which losses might be there but doesnt mean that you wont be ending up to be profitable because sustaining the the primary target when you are dealing with this market.Yes,it might not sound simple but its not impossible for someone to achieve on.
Loses is there and as a trader then you should learn from it because in over time this would really be that something that makes you even more better on handling out various similar
situations that you might faced on in the market.

The main thing to learn is psychology, where most traders feel afraid when floating plus, and feel relaxed when doing floating minus, without knowing the limits of their tolerance. so that when you make a profit, you only get a little and when you lose, you experience a big loss. therefore we must study trading analysis, so that trading will be according to the analysis path that has been made. With discipline towards analysis, we as traders will be able to know the development of trading knowledge within us

1 - Understand the fundamentals.
2 - Invest in your education
3 - STOP LOSS AND TAKE PROFIT
4 - Create a trading strategy
5-  Only trade with money you can afford to lose.
6. Join the best cryptocurrency trading signals group, such as MyCryptoParadise, for cryptocurrency calls and analysis. (best part is they will educate you on all of the above points)

I agree with you on this because without patience, one will lose funds cause you will be eager to trade when your yet to have the trading knowledge. IMO, I will advise traders to be patience, study the market before trading and also set a stop loss in all your trade.

I agree that there is a situation where trading is not that much of a big trouble if you know what you are doing. But unfortunately there isn't anything that we could do to change that easily. I understand that it is not going to be easy to learn, but you will be able to avoid losses if you are better at it.

This is why veterans do not trade every single day, they watch and see what could be better. You do not see a hawk dive in and get it's prey every minute, they wait for their most vulnerable moment and attack at that point. That is how you need to be, like a hawk, and wait patiently from above to see which coin will be prime to buy at which moment.

I highly agree to all of these. Most of the new comers in crypto trading tend to skip the fundamentals, they just want to earn in trading and have ROI in just small span of time, I saw a lot of them in social media website such as in tiktok, there's a time that I read a comment saying their money was lost in crypto, and they don't want to trade again, they believe that pyramiding, mlm etc are the same with trading.

Some people have short term dating for problems in their body. The point here is if you need to find a good bitcoin VIP to buy what you need to know about it.  If a person is not a realist then he is here but he can do all these things from here to a good extent and if he does not have knowledge then he will have a lot of hardships and difficulties.

But your first impression when you are still a noob on which this thing is as simple one to deal off with which is totally opposite and you would find it for yourself on how hard or challenging it would be.Its normal to have losses yet it's an inevitable thing to be experienced yet there's no such thing about being a perfect trader which means it's part of the journey and also something which you do eventually learn up
Although it won't be that simple as it sounds but you could potentially able to handle it.

I would never agree with point 5 because "trading with only money you can afford to lose" shows that you are considering trading as a gambling thing. Imagine if you are doing a startup and putting your valuable time and efforts into it, won't you risk investing everything you have to make it successful or would you restrain yourself from investing despite knowing a bigger capital will go a long way.

Another problem when you trade with the amount you can afford to lose is that you will be reckless in your decision making, knowing you don't really care if you lose the money.

I believe that you misunderstood that "rule". It just assumes that, being a pleb who would lose it anyway, we should not use a large percentage of our savings as capital for "trading", especially if the "trading style" you want to copy is a more active day-trading style. In fact, if you truly wanted to profit big and take on the biggest risk of your life, use close to 100% of your savings to buy the DIP, and HODL! If you're single with a job, and no responsibilities, the golden opportunity to start thinking about investing irresponsibly is coming. 8)

What you are saying is true but not everyone has the time nor the wallet to spend and learn. I have seen some successful traders & investors throughout my crypto journey and the most successful people are those who have the ability to watch others make mistakes and learn from it. If you are going to pay for each mistake you make, it might empty your pocket by the time you actually learn things.

If you have that ability and sense of learning from others' mistakes and grabbing what successful people are doing right, you will learn much faster.

Threads like these are posted every week but people don't learn, why? Because they are not used to of learning from others' experience and mistakes.

The first rule remains the same, don't be greedy and the second rule has a target to achieve. I think greed will only increase the risk of losing more money and we should not bet only on luck. Without any analysis, traders only bet on market volatility, sometimes profitable but for most people will fail.

It's true there are many similar threads where the OP is asking about good tips for avoiding losses on trading, there are many lessons shared for free but it's hard to prevent them from starting the same thread especially because they don't have a good reading interest.

You should really be that wise and there are indeed people who are really that wise on learning up something on someones mistakes, not to take advantage but it would be sensible for you to do so if you do really mind

in regards with your own funds which you dont really need to experience it for yourself before you do able to learn up things.Well, you might still able to miss it out but the odds or chances would be less since you had

already been aware on what are the things you should gonna do and the thing you do said was actually true and i have known someone who had done such thing which is something impressive
if you do ask me.

The most important step that will be useful in the future is to pay attention to gaining experience. I think this is very important for a trader

Since you seem to have worked your way through the demo accounts and stuff, I have a few questions for you if you could please answer because I have always been confused about whether trading via demo accounts are worth or not.

1- When trading on the demo account, didn't you feel like these funds are not real and hence never had the same pressure as you would have with real money involved?

2- After you stopped trading on the demo account and moved to real trading, were some speciic challenges like adapting from "play money" to "real money"?

Thanks in advance!

Here, but if we enter any work, our greatest need is to be patient, if we can be patient, it will be seen that here we will succeed in everything, but without patience, you and I will not be able to do any business here, so if we are training here.  Most of you here, if you know how to handle it, the first thing you need to do is to be patient, always keep a cool head, and keep a cool head, and keep testing.  I think there will be a lot of damage

Patience is good but if its too much then it do really also have its con's because i do set up into my mind that whenever i do see some chances or opportunity on securing my profit then i would definitely do it

without any hesitance yet you could able to buyback whenever the market would make out some correction or price declines or on bearish state.Rinse and repeat but of course this is something not that easy.

Losses is there thats why making out things and decide on trying out to cope or patch up those losses but of course not on that desperate manner.

Without us realizing it, patience is really very important and not everyone can do it consistently.
it takes practice and of course need to keep trying,
it seems trivial but to do it is not that easy especially when the market is down you need to be patient and stay calm

Gaining experience is certainly good and a trader can be a successful trader by gaining experience in trading. If you want to read the market properly, it will not be possible without knowledge of the market. And the experience does not come in one day or is not possible to acquire, it has to be taken from the market by facing the real situation. And in order to achieve all this, it is important to have patience, because if a trader does not have patience, he/she will not be able to connect with the market properly.

As the saying goes, mistake is your best teacher. People sometimes are afraid to try a new things, especially if they have no knowledge about the things they wanted to do.
Actually, by making mistakes, in this case in trading, you can learn from it so that you can avoid making the same mistakes in the future. It's not like you can be a better trader in just one one, it takes time and a lot of learnings.

Good pointers.

Sticking to these things you mentioned will indeed gonna bear fruits in no time. However, if an individual will be overcome by his greed and emotions while trading, everything that you've mentioned will be discarded, and what's gonna come next is losses, that's how traders lost their composure and lose their all foundation because they forgot where they started. That's why discipline is important, patient, and emotion control.

it seems that greed and emotion are the main enemies of a merchant. even for those accustomed to trading.
meaning that the main thing that must be mastered by every trader is self-control. not to be greedy. because everyone has different emotions. I also get carried away sometimes when trading and that traps me in losses.
almost like we also enjoy the atmosphere at the gambling table. until we run out of curiosity, then we will feel satisfied.

When the market is down one have no choice than to wait for  a while till it add value for some profits to be gained. If one sees it difficult to have patience to wait that means the person will always be at loss when the market is bearish. A trader needs to develop self to have the habit of having patience to avoid losses.

One of the most important thing to be done when you are on to this market is that having that good emotional control or discipline.Some might be ignoring this basic stuff but once your emotion is highly affected then

you would definitely able to do things which you arent expecting for it to happen or to be done which might result into losses instead.IF we could just simply hold on and dont tend to check out the market every now

and then there's no way that you could really make out some panic selling decisions but instead you would really be seeing some opportunity on accumulating coins while its still cheap.

Just like you have written, this is one of the most important steps when it comes to gaining more knowledge and experience from the market. It is very important to look at learning more from the market which is the experience aspect of learning while also reading books and attending seminars to gain more knows about trading to prevent possible loses in the future.

It's still possible that you can commit the same mistakes and that's totally fine. But sure, the experiences will teach us a lot of things and if you will apply it in trading, you'll be the one to experience how you will avoid the same mistake or at least mitigate the impact that it can give to you if ever you fail again.
You can count on it sometime in the future if you'll be able to remember the lesson that you've learned from that mistake in the past.

If you have no knowledge about trading,no amount of patience can guarantee you successful when venture into trading. I think the best thing to do generally is to equip yourself with all the basic informations about trading, you can possibly go for trading tutorials to learn, practice then lastly get a spare amount of money for your investment but remember you don't need to use all you have to trade so that you won't be stranded when lose funds as a result of bad trading strategy or unforeseen occurrences.

Success on trading can be considered if you are really able to make yourself sustain in the market and wont matter on what kind of behavior or strategy you've been using as long you do ending up on this way then

doesnt matter.Losses are inevitable because its been part of the process because there's no such thing about being a perfect trader thats why all you do need is to sustain yourself despite of the condition.
You shouldnt try yourself to be perfect because that would really create some desperation which is something that you should avoid as much as you could.

Honestly, although we have learned much about crypto trading and we have analyzed it very carefully, it will not guarantee that we will not lose at one time. But, yes it is true that it may decrease the risks of losing.
I also agree with some points that you have written above, moreover about this:

Additionally, there are also some other aspects to cosndier. They are about your management and control of your money and also emotions. Sometimes, bad emotion can break all of good strategies and knowledge

I do not agree with this, it is not wise for you to try what you do not know not even something that your investing with your hard-earned money,for example, you wouldn't buy a car and decide to start driving without learning how to drive thats  gambling. You are supposed to learn from other traders' mistakes, not your own mistake, you can do better if you learn not to invest on this you no nothing about, invest in coins that has good history and Bitcoin should be more in your portfolio.

It is just true that mistake is the best teacher, but if you know already that mistake is not avoidable in trading, you should know that you should start with low amount of money. No matter how smart someone can be, he can not escape that newbie trading experiences of losses, he will trade, use some strategies but will lose more than gain until experience starts to help. This thread is not about investment though, it is about trading, but a good advice.

The main thing to do is to pay attention to training. I think that this is what needs attention to work.

Pay attention to everything because you cant really able to enhance or improve yourself because this is they key for someone who would really able to make yourself way more better in future trades.
Avoiding losses isnt bad yet this had been our primary focus or goal because nothing on this market could able to avoid such scenario because we know that losing is inevitable
and instead of freaking out then its better to learn up something out from it because if you dont welcome out losses and mistakes then you wont really be making
yourself to be that progressive.

Those are good steps. Make your own personal research on coins, even those that may be trending at a particular point in time because you might find out something that not a lot of people would find. Try to have a good entry point that even if there's a loss it wouldn't be much. Always make sure your profit is more than your loss. Try creating a plan as to how you want to trade. Get every possible experience and strategy you can get in trading

Losses will always be part of your trading, but you can avoid them if you learn from your mistakes and have a strong risk management strategy. Half of your losses occur because of your poor trading approach. Correct that and focus on your learning, you will see the results.

Correct!
Mistakes or errors are you stepping stones on becoming a good trader because you wont learn nothing if you wont be having no experience with these errors and thats why its really important that you should really make
yourself to be that open minded or having a good control of emotions because once you do have problem on this one then you wont really be able to be that progressive which is something not
really that surprising and dont try to be perfect because there's no such thing about having no loss trader.

Its always there no matter how good you are, the only thing that you should mind is on how to sustain yourself in the market or simply being profitable despite of the losses you do have.
Lessen it as much as you could.

Yeah, that's the step to it, trading your inexperience and over zeal to trade on DEMO. It would help especially when your able to come up with a strategy or pattern of trade that are able to yield you good results, be cognitive of them and then you could have some wins in the Livetrade. There you get to understand that there was one place the demo didn't get to do more work on. The feeling that your actual money could be lost in the market and be really gone. Hande that and your almost complete to. Every other day trading would become a day of test of how well you've learned.

Their is nothing more than spending time in learning, time wasted to learn pays a lot . I think spending time to learn with demo account is a good way to practice trading and to be skillful.  Some beginners feels demo account can't offer much to learn trading skill, they jump into the real trading to get the real experience thinking it is what can be handled and it eventually becomes tough. No need to rush   it is better to spend much time to be perfect.

By doing those practice trades, you are also practicing how can you deal with patience. Those who jump right away to live trades

will suffer from huge losses and then realize that learning the hard ways can be avoided if they spend a longer time doing those practices,

If you have that opportunity to keep enhancing your knowledge, it's better to work on it before jumping into conclusion or deciding to

start your trade with lesser knowledge.

You can follow up on what's going to happen with the crypto world, and some advices, suggestions, tips or whatever you want to call it. But know that at some times, even the most normal and "should" things end up being not so correct. This is why it is highly suggested for people to keep their emotions in check, their knowledge in check, and just go with the flow of the market at certain periods.

I am not saying that you should not check advices or anything, there are amazing suggestions here, and in other topics as well, and if you read up on all answers or so, you will perfect your trading. All I am saying is that, it is not always like that at all times.

Losses can not be avoided completely but can be managed. Greed is one thing that can erupt massive losses along side emotions and fear. To be on a safer end avoiding shit coin and scam projects will do just fine. If the market looks too confusing close the trade and come back again some other time. never force a trade when the signal isn't strong enough. The crypto world is full of risk keeping the profit margin visible saves too.

I understand what you mean and indeed things like that must be considered too because if you only rely on advice from other people for our trading it's not good,
That's why it's important to have the knowledge, skills, and emotional control.
but on the other hand we must also realize that it will not be possible to avoid continuous losses in trading because that is also part of trading

Do you think that if it is about trading crypto, the first and only step would be to review the price of btc, how can its movement be, if you can determine what is most likely to happen, if it goes up, if it goes down, if it lateralizes, all this It is important to keep in mind so that you can make a good movement and have clarity in the trades, the reason is simple, all altcoins depend on BTC and if you do a good analysis on an altcoin and suddenly you enter the market but BTC price drops, the analysis goes to the floor, it would not do any good because the altcoin would clearly go very low, it would bleed a lot.

I would call experience for a trader the most important aspect for success. Otherwise, it will be extremely difficult to get the result, it is important to understand this.

That's the best advice I have learnt so far in life not only trading. You can't be wise on your own, you needed someone to guide and project ideas into you(to put you through) You will be wise when you mingle and interact with wise people

Crypto trading is very hard to master but once you mastered one procedure that favours you, keep sticking up to it, no matter how little it is.

Am yet to master any crypto trading pattern. That's why am staying far from it. Not to get involved in what I can't figure out its winning pattern

Whether it is trading or to make profit out of holding patience is a must, because hold for long term to experience the best profiting. Same as that to experience the best of trading out of the minor price variation we need patience. If not, trading is not the right thing for you. Greediness with trading won't happen when you have made a profit out of the same cryptocurrency earlier.

There are some people, because of the quality of their thoughts in trading, the excellence in their performance when trading, and the positivity in their lives, if you keep them around you, you will thrive, and excel in trading.

These are people who have lasting success and enduring happiness is always within their grasp.

Find them, and surround yourself with them if you want to understand trading well.

how to find such a person and willing to give what he knows and has from trading knowledge to us who are newbies in trading?
I always thought people who have such extraordinary knowledge and skills must also lose in their trading.
what makes the difference is the way they make backup plans when their first plans fail due to other factors. some newbies will frantically exit the market when it comes to losses. that's what's happening right now.

Are the shitcoins you are referring to the meme coins, Sir? Because most meme coins are said by others to be shitcoins. Like Dogecoin, Babydoge, Shiba Inu, Floki, like this can you say shitcoins?

What kind of shitcoins are you referring to Sir? I'm sorry so that other forum members can know what shitcoins are so that they don't go astray, thank you sir for answering my question.

Highly volatile coins. I prefer bitcoin because it is not highly volatile. But you can trade some altcoins if you have make your research about it that it is not highly volatile. Some traders can be good, but if they choose the wrong coins, they may continue to fail while trading and making no profit just because of the coin used for trading. Although, successful trading is beyond that, but shit coins can affect trading profitability.

Even so, everyone's level of patience is different and it must be admitted that patience is not easy,
Trading is not just about patience but knowledge and skills are also important

In everything you want to do in this world you need to have knowledge and skills of it before venture into it, not only for trading but anything. Trading requires patience alot before knowledge and skills, because you can't start learning and get it at that moment it also requires patience. Patience is number one factor.

Other people strategy may not work for you and not suitable to you for whatever reasons. So, this point is true. You have to seek for the best strategy that suits your "trading style", not just a strategy that gives you a big bag but it doesn't learn you anything rather than just follow the up tutorial and once the case is not included in the tutorial, you will be fucked. That's what I have been witnessing so far.

Tons of strategies but some of them may not suitable for you

We do have to create our own and as said that there are tons of strategies and even just using into others strategies or simply copying them wont really guarantee out the same success rate compared into others because there are several factors which would really affect the outcome and emotion would be the number one thing since decision making whether you do sell or hold a little bit more kind of scenarios or conditions will really be varying on someones risk management and emotional control which we know that it do really differs from person to person.

Losses is something you cant really avoid when you do make out some trades but doesnt mean that you couldnt minimize it.Trading does involves lots of trials and errors
and you would need to find on what trading style would you fit out and make yourself sustainable at least.

To avoid losses, always choose coins that have a high market cap and low circulation supply.Always invest in a strong and quality project. To avoid losses, look at the project from all angles. Try to choose coins that have been in the market for a long time. Coins from new projects can prove to be risky.Always invest in different coins so you won't lose by losing one coin.Always divide your capital into different parts. Don't invest all at once. Keep buying little by little in every bear market.Always use stop loss in short term investment.The support points and resistance points of the coins to be invested in should be known.When the market falls, one who invests in coins should not worry about their price falling and should not sell in panic situation,Always hold your coins in such a situation.

Those are wise moves, make your own independent investigation into coins, even those that may be popular at the moment, since you may learn something that few others would. Try to choose an entry point where even a loss would not be significant. Make sure your profit always exceeds your loss. Try coming up with a strategy for your trading. Learn every trading technique and experience there is to offer. Never be afraid of loss because Loss has always been a part of trading, but if you learn from them and have a solid risk management plan, you can minimize them. Your inadequate trading strategy is to blame for half of your losses.

Everything would really be depending on your own research plus having those decisions to be made according into your own analysis and just like on what others been saying that its never been simple on dealing on

a market which is totally unpredictable and there's no way that you could really make yourself on having no loss kind of record when you do make trades.Come to think that even professionals and veteran traders do

suffer losses but eventually they do able to handle up themselves on sustain and being profitable despite of those losses which they do make out good decisions in regarding reward:risk ratio
and some sort of luck when doing trading.