Bitcoin Forum

Greetings to everyone,please i am new in this forum and I was directed by my friend to join the forum to get information and answers that I need to know about Bitcoin.
The challenge started when a friend introduced  cryptocurrency to me and I picked interest about it ,I  started making some researches on how to trade and invest in Bitcoin ,I downloaded candle stick bible as directed by my friend so I can have a good knowledge on how to understand the reasons for the formation of each of those candles  And the reasons for their existence,
I went through those stress to also learn how to analyze and also to know bullish and bearish moves ,to know when the market is trending and choppy but after all these processes and following those strategies I will still loose my capital . However, my question here is ' what is the best strategy to trade without losing my initial capital ?.
 Please friends I need advice and answers to this question because I know we have crypto experts here in the forum who will assist me and also educate me on what I need to know about Bitcoin trading .Thanks .

Trading Bitcoin comes with huge risk just like you have narrated. It is very sophisticated and requires very sound technical know-how and psychological balance. When learning trading, it is so easy seeing everything in hindsight; it is when reality dawns on you that you realise you did not really grasp the concept of apply it correctly.

I will never recommend trading for a newbie rather I will encourage them to buy and hold Bitcoin as that I see as the best way to make something magnificent from Bitcoin.

Welcome to the forum and congratulations for Finding the forum, I don't know you so much but seeing how you in a rush without taking time to first understand the forum I am not surprised you lost in trading.

Firstly the link below is for the trading board and this post would suit there.
https://bitcointalk.org/index.php?board=8.0

And just so don't make future mistakes on the forum read the links below.
https://bitcointalk.org/index.php?topic=703657.0

https://bitcointalk.org/index.php?topic=2766177.0

I am sorry to burst your bubbles but this doesn't exist there is no strategy that guarantees you no loss it's a scam, there are good strategy that are helpful but even the best experts experiences losses sometimes during trading.

I'm sorry to hear that you lost your capital trading bitcoin, I mean you should have known that there are a big risk in trading and I will say that it is not for everyone. Obviously, it seems that you still lack the experience even if you says that you have gone a lot to learn and analyze.

There is a dedicated thread here, Trading Discussion (https://bitcointalk.org/index.php?board=8.0), maybe that is where the best place that you can start.

Or if you doesn't want to complicate things on your end to become a trader, maybe what you can do is just simply buy and hold for a long term. So just think about it, at least there is an option for you and you won't go and be stress like every day trying to squeeze and make some profits every day trading.

To me, I would say that trading Bitcoin is just another way of gambling with your Bitcoin, but the difference is just that gambling is for fun and Bitcoin trading is for people that are looking for profits. It will be so easy for you to invest in Bitcoin rather than to trade it. However, I am not a Bitcoin trader. I am just an investor that is applying the DCA strategy so I can accumulate more Bitcoin, and my accumulating process is going so well for me because I am not being affected.
So I am trying to say that one of the best ways for you not to lose your money in crypto currency, you just have to invest in it with the little capital you can afford to lose, then use the DCA method to accumulate more Bitcoin and you hold it for dear life, although ways, profits are not guaranteed, but it is one of the best way to invest and accumulate Bitcoin.

  

Losing is part of trading so expect that in every trade you made, there will always be inevitable losses that you will surely incur. However, with your current position as a trader, I can't say that trading with less knowledge and experience will be a good decision to trade. You are not supposed to be trading in the market because you're not even capable yet, the moment you decide to trade, the risk even becomes higher that made you lose your capital while trading.

This is not only happening to you but to all the newbies who decide to quickly enter trading believing that it could be easy for them to make profits. But in reality, there will be more possible losses than gains when newbies decide to trade, simply because they don't have enough skills and strategies that will make them protected against the risk of losing.

Trading is certainly hard most especially for newbies that don't  have enough experiences in trading. Although trading is open for everyone, but not all those who decide to trade will be given chances to succeed and be in profits. Of course, everything depends on how knowledgeable and skillful you are, and how can you beat the market with your honed strategies and developed right attitude towards in trading. And obviously, newbies don't have any of these yet.

While you can say that your knowledge has been sufficient enough for you to decide to trade, but trading itself is not all about knowledge but more on practical application and skills. And for newbies to achieve this, you need to widen your experiences first and definitely learn from all the mistakes and losses that you have experienced.

I'm not a crypto expert, but let me share my experience.
Basically, every investment in crypto, especially trading, will have risks. The worst risk is losing our money.
But actually there are several ways to anticipate it:
1. Do you trade in the future market? If yes, then the risk will be higher and it is better to avoid it. because, our cash capital can really run out quickly even if we trade Bitcoin.

2. However, if you trade on the spot market, with Bitcoin as the asset, then in fact you will not lose as long as you are still holding and not selling at a cheaper price than when you bought it. Basically, the amount of Bitcoin we have is still the same, but because the price of BTC is volatile, sometimes its value goes up and down, as if our assets are decreasing and we are making big losses, so we panic and sell. So, when we sell at a lower price, we actually lose our money, including our capital.

3. For this reason, to avoid trading risks, regardless of market conditions, if we have not yet made a profit according to our target, it would be better to continue holding or keeping Bitcoin as our investment. Don't be fixated on converting our fiat value because that will definitely make us more stressed because of the ups and downs in the value of our assets in our fiat conversion. Be patient until at least we reach the target price. Don't panic easily when a market drop or market correction occurs. As long as the coin you choose is Bitcoin, it will continue to be valuable if you hold it.

Does your friend tell you that trading is risky and has no assurance of making a profit and incurring losses? Because if he did it already, then you are aware that every time you trade, you can't make sure that your money will get back fully, or might lose some of it.

I will tell you OP that there is no perfect strategy in trading but you can practice more using spot trading. You can also use a demo account to further enhance your trading knowledge and skill but still, this won't give you the assurance that you will never lose as it seems possible, in fact, even old traders still experiencing this one.

The nature of cryptocurrency day trading is losses and profits. You cannot do without loses, no matter how knowledgeable you are in trading. What really happens is that, good traders will always have to get more wins than losses on the long run. So, for you not to lose your capital is that you must device a strategy that works for you and stick to that strategy. This doesn't happen instantly, the losses you are having is accumulation of knowledge, you have to build on that to become a successful trader.

But then, avoid lossing money unnecessary. That is where the problem lies. If you lose money out of your careless and continue to lose and call it part of the process, you will not be profitable on the long run.

Welcome to the forum mate. When it comes to Cryptocurrency, there's always a risk in what you are doing even if you are only buying Bitcoin to hold how much if you decided to trade or invest which is more risky than holding but if you're willing to risk then there's a chance for you to earn money if you are lucky and have good skills and knowledge about what you are doing. Also, don't  forget that if you have a chance to double or triple your money then there's also a chance to lose some of your capital or maybe all of it. Learning from mistakes would make you better than before and more knowledgeable.

If I may give you, a straight-up answer to this, I will say that trading is not suitable for a newbie, since you stated that you were introduced by your friend to cryptocurrency and you lack the basic knowledge on things, and all the candle stick story blah blah blah, is sound weird to me but anyways we have to face the reality as a newbie, is better to avoid high-risk things and trading is one of that high-risk aspect of the cryptocurrency.
And since you are seeking possible help, I will say then that you have the best method in cryptocurrency investment when you buy and hold them in your personal wallet, this way you are sure that you are not risking losing your assets and all that you need at that point is to remain consistent and being able to wait and hold for a long terms base.

Due to how volatile crypto market is, there is no any trading strategy that you will use and not to lose some money provided you are trading altcoin because they are very risky, although there will some strategy than can help you maintain your capital but the best and easiest way to maintain your capital is to invest in Bitcoin for long term.

Welcome to the platform and sorry for your loss. You are in the right place so you should not be worried but as a newbie who ventured into trading without proper knowledge, I think you should count or consider it as an experience you have learnt so far and to be frank with you trading at this stage of your level was a wrong move you made.
As a newbie with no much trading experience the best option you could do is to buy and hold for a long time to make profit as that would have been better rather than trading for a short time which you have no much trading skills and experience  and lastly, thee is no perfect trading strategies you would think of as the Bitcoin market is very much volatile and unpredictable.

My friend I must confess there is Nothing like Best strategy to trade without losing. Every business man is bound to loose. business is all about profit and loss, it can never be a win win. The best thing so far is to apply the DCA method buy accumulating Bitcoin for the next bulrun or investing for future purpose just like @adultcrypto said  buying the dip and hold is the best strategy. Trading can cause you psycological trauma expecialy when you lost a huge amount of money due to price fluctuation.

OP, first of all, I would like to inform you that there were many traders who blew their accounts during their early stages of trading; some of them did not only blow their accounts once or twice, but they were persistent and kept learning. Greed and emotion are what can easily blow your account. If you lose your temper due to repeated losses, you will definitely be tempted to take a great risk if you can recover all your losses. That's where greed comes in play. You are chasing a big profit, while you are still a newbie who is still trying to get familiar with the market. Don't trade with your emotions, and if you don't get so greedy, then you will likely not blow your account.

Firstly I would advise you change your mindset about not loosing, every pro trader at a point in their trading journey have lost their capitals to the market, some even lost their full portfolio severally before ever becoming a pro, so if you are just starting know that it's part of the journey but you shouldn't give up because you lost money, stay consistent and you will definitely get your pay day and you will recover all you have lost.

Secondly talking about strategy, it's very important you understand aswell that there's no best strategy in trading, any strategy judiciously followed can be a good strategy in their time provided the parameters for which such strategy is executed are met then the strategy will be the best at that moment but every traders have got their peculiarities and that influences their strategy, so what works for some other person as a strategy may not work for another because they have their varring appetite with risk management and parameters. So my advice is try out as many strategy as you can find and pick that which best suit your trading style and risk appetite, then make that your best strategy by staying consistent with it and watch your trading take a new shape

Welcome to Bitcoin forum. Let's kick off your adventure with a forum's Help page (https://bitcointalk.org/index.php?action=help); and some sticky threads like

[Bitcointalk sticky threads] Newbies - read before starting. (https://bitcointalk.org/index.php?topic=5279088.0)

You will see some of those sticky threads pinned in Beginners & Help board, see them at top of a page.

Don't trade. Invest, please.

Invest with DCA is good.
https://dcabtc.com/

But maybe I can not stop you from trading, so I have it for you
Awesome Crypto Trading (https://github.com/SpiralDevelopment/Awesome-Crypto-Trading).

As you have already been told, trading is an activity in which you have a high probability of losing your capital. Very high, despite what is promoted. And no matter if it's Bitcoin, stocks or commodities, it's the trading, not the Bitcoin, that has made you lose your money.

The first thing you should learn is what Bitcoin is, why it was created and what problems it solves, what its essential properties are, and so on.

Then you will see that it is best to invest for the long term, with DCA being an optimal strategy if you have little capital as for example BlackBoss_ recommends. But it's a slow and boring process and it's not going to make you a multimillionaire overnight by investing $100.

Trading is not for everyone. I have never done any short-period trades, always went with a weekly or monthly timeframe. I called a move from $45k to $22k and I waited for that to happen. And guess what? It actually happened when everyone said it would not, even some OG accounts on this forum were against my bet. Doesn't matter, In trading you have to always go with what the chart is showing, not with your feelings.

For beginners, Holding is the best option.

Trading is really complicated, not because you are able the candle stick and other TA stuff, it will bring you to successful trading.  Remember there is also some factor that work outside the chart.  The fundamental of the market, the sentiment of the investors and the news and current events of the market.  One should be able to integrate both fundamentals and TA perfectly in order to have an advantage over other traders.  

About your question of what method is the safest, in trading there is no safe method, all have risk, to minimize risk you can just hodl and wait for the price of Bitcoin to increase before selling your stash.  Aside from that, it will take time for a trader to fully grasp the market and don't be sadden about your result, even professional traders lose in trading.  What matters is that they never give up and learn from their failures and mistake.

from your writing, I see you want to ask and get an answer about the fastest way to become a profitable trader, here I am not commenting as an expert but from my experience, traders who can make a profit are not booked in a short time, even a trader has never said he spent more than 5 years to be able to make a profit when trading, there are many techniques that you have to learn apart from technique, you also have to control your emotions because usually unstable emotions when trading will only cause big losses like what you are experiencing.

but I want to ask, do you have a friend in the real world who is a trader? having a direct mentor can actually shorten your time to becoming a good trader.

Do you think it takes just a months or a year for someone to generally study about the bitcoin market? No! Because there are lots of sacrifice you need to do before going to that extent and this includes learning from people around the internet/ forum here especially with different knowledge after which you developed your own skills that will suit your trading journey. Most traders always gets used to other people trading pattern whenever it's not favoring them they voice out.

So if you must last long or continues your trading journey you need to start with Demo to practice them and develop the best trading methods you can use to explore, though sometimes Demo doesn't function as real account because its more tensed when using a live account, so the best is DCA just as few people had already mentioned, keep in mind that no short cut to trading if you must want to trade, you must follow all the principle otherwise you will keep losing your equity.

First, don't trade if you don't want to lose your capital. That's simple as that. When you trade, you already accepted two things, winning and losing.

Aside from that, the risk that you'll take always comes with the opposite direction and possible outcome of losing. That's what it is.

Also, become an investor and don't trade, with that you'll keep your holdings but you need to add more with known strategy called DCA. Only trade when you're about to sell during profit taking.

There is no best strategy for trading without losing initial capital, as all gamblers have probably experienced it. Some traders have even lost all their initial capital so they have to start all over again. But that doesn't make them despair because they can learn from their experience. They decided to practice and practice their trading more actively to improve their analytical skills.

You also have to be able to practice your analytical skills by trading. But you should also know that trading is not for everyone because many cannot learn more about trading. If this happens to you, maybe you should focus on the investment so you won't be watching the market too often. You can use the DCA method for your investment.

If you still intend to become a trader, you must be able to learn to analyze. As traders, we must test our lessons more often to find what works for us. And that takes time. There is no quick way to become a professional trader.

The last time I read something about newbies and trading was when someone posted that people are discouraging newbies from trading, OP this is one of the reason why we advice newbies like you to stay away from trading, it's not that trading is bad but it is more captivating for those who are looking for money fast, they don't have the patience to learn trading to the level of qualification before they start trading, some even fool themselves on the half way that they know trading until they face the biggest challenges of their lives through trading,

For crypto beginners it's risky to start trading, it's a long process for those who are really determined to learn trading so since you are here now its better to just buy some bitcoin and hold for long term and that's enough time for you to start your trading lessons with no rush, I don't have any trading strategy for you than to take it slow, the reason why people don't get trading is because their mind is on making money fast.

Find some money and invest in Bitcoin, this gives peace of mind because you have something to fall back on while you are concentrate on learning trading, believe me trading requires time and sluggish way of learning, there is a lot to learn, one take away is you should learn how to use stop loss, even if it's futures trading you will not always lose everything on a wrong call, still it's better to take your time to learn it, you can't risk it out.

Anywhere you go all you will hear is that Bitcoin trading is not for newbies else you will just end up losing your money. It is advisable for newbies to invest and hold their bitcoins for some period of time. You did well trying to learn before trading but it is still not enough as learning about trading requires a long period of time. You will have more experience when you make mistakes and learn from your mistakes. There is more to trading than just investing so I advise you go safer by Hodling your bitcoin.

There is no any strategy that can guarantee you that you will not lose money. Trading is very risky and your friend who introduced you into it should have told you about the risk involved in trading and you need to spend months learning about it before you should even start trading. No matter the strategy you adopt losing money is inevitable and even trading experts lose money but the only difference is that they take calculated risks and possibility of losing is being reduced.

Your friend didn't do you any favors when he filled your head with stories about how you can make a ton of money trading Bitcoin without first explaining some basics about Bitcoin. Instead of starting from the basics, you got into trading, which is a challenge even for real professionals, let alone for beginners.

If you don't change the way you approach all this, unfortunately you will lose all the money you invest in trading - but that doesn't mean you have to give up Bitcoin, because why not buy and keep it until the price rises and then sell it - or use it for that what was it invented for, as currency.

I don't know if you've checked out the babypips.com site. Well, even with the complete knowledge of candle patterns and interpretations; there's still no guarantee that you won't lose money from time to time. There's no profitable trader who doesn't lose money back to the market. That's why Stop Loss (SL) exists. It isn't meant for noob traders alone to use. Anyway, welcome to the club. You've had your first taste of reality and of the fact that trading isn't a shortcut to riches. You shouldn't run. Quitters don't win. Rather, you should brace up and find out what made you that loss. Have a trading journal and plan your trades by taking and keeping records.

As Lucius also mentioned, your friend wasn't much help. If it was his or her advice to start trading, then you were thrown under the bus. Trading is frustrating even for experienced users, let alone someone who doesn't even know the basics. I also experienced losses when I first started; it was annoying, but you need to understand that it's more than buying low and selling high; things don't always go your way.

Although it can be extremely profitable, it's also very risky and stressful, which only a few people can successfully handle. I used to trade until a few years ago but stopped, even though I had made a few successful ones that yielded decent profit. I'd advise you to start investing, preferably through DCA (Google it for more information), and stick to a budgeting plan to acquire more BTC in the long run.

I don't understand what you mean by knowing when the market is trending because that isn't something that's hidden that you need to learn. When we're in a bullish market, it's very obvious as everything will by pumping even projects that are as bad as nothing like memecoins will be pumping. You were too invested in making profits and you thought trading will give you that very quickly as maybe the person that introduced you to the market told you but he forgets that not everybody that's a trader makes profit.

Statistically, we have more people losing than making profit because they don't understand the market or didn't get the proper orientation before they started trading like you. The best way to invest is by Hodling and not trading. It seems you haven't learnt your lesson because I see you still want to go back to trading with the questions you're asking. Since you lost your capital (which isn't something that's new as new traders has the tendency to lose their first capitals) and you said you have had a change of mind, I was thinking you wanted to shift your attention form trading to investing and you're seeking for assistance.

I'll suggest you try DCA strategy instead trading as you look to accumulate Bitcoin now that the price is cheap to afford a whole Bitcoin as the bull market is around the corner and the price of Bitcoin won't be as low as it's trading. Learn trading when you have settled down and understood the industry well not at the start of your journey.

What you are going through is what every newbie goes through, they get to be introduced to trading without proper guidance and are wasting money on it. Well, I advise you not to be discouraged but to learn more about it, and who knows, you might be a professional trader someday. But that's only if you believe, find the right resources and be ready to learn.

I lost fortunes trying to learn and trade the financials for years, but today, I am happy I went through all that. This is to encourage you and to tell you that success is possible in trading, and so is failure.

And before going to my advice for you, there are two ways you can trade your Bitcoin, you can either invest it (buying it and keeping it in a wallet) or trade it. I believe you were trading it and it's the riskier choice. If trading is not working for you, you might want to try investment. However, it would be helpful for you if you could Google and learn the following, they will help your training and trading journey;

1. Price action,
2. Support and resistance strategies,
3. Specifics: Trendline,
4. Trading management (money and risk),
5. And trading psychology.

All the best!

OP, After Scanning your Post I can be sure that initially, you've started in the wrong direction, rather than focusing on learning about Bitcoin and its technicality, you've picked it as a trading asset and started working on the trading skills, like learning about the price action, TA, etc.

You should have learned the basics of Bitcoin and done some research about the characteristics of Bitcoin, to analyze if is it worth investing in as a long-term opportunity. Now you are seeking guidance about not losing the initial capital, buddy changes the perspective first of all if you want to survive in the crypto market as a beginner, after a couple of months you can get back to whatever you want, Analyze it as an investor, not as a trader, then try it with DCA for some time it will defiantly work.

If you still want to continue as a trader better learn about risk management trading is not at all risk-free because in the short period in trades, and keeping market volatility in the count no one can guarantee you anything even not with Bitcoin. After all its an open market sentiment that changes every minute. So my friendly advice is to focus on your goal, decide first on a trader or investor approach, then if you want to be an investor go with DCA I'm 99% sure it will work for you, if not, and want to try as a trader better focus on aging some trading skills than you'll survive that's all.

Traders always loose money, not just crypto traders, but also forex traders. Loss of capital in trading is not peculiar to bitcoins alone.


To be a trader, you have be prepared and be ready for the losses. There is no sure strategy to ensure that you never loose, each strategy is to reduce losses to the barest minimum and also the frequency of losses, so you make more profit than losses.

OP, I recommend you to read 1miau's topic: Trade vs. HODL - avoid traps (https://bitcointalk.org/index.php?topic=5436296.msg61632668#msg61632668).

You will find a lot of information here in this forum, but the post above is short and easy to understand, so I would start from there. As a beginner, trying to apply the candle theory and different tactics from Technical Analysis won't work in most cases. More than investing, trading this way is like gambling. There are different opinions here, but to me TA is nothing mote than pseudoscience.

Trading is not easy to just put your investment and after an hour take your profits. It is a collective process of strategy, knowledge, emotional control, tolerance, news related to the projects, and the identification of factors that affect the price. In your case, you said you have a better knowledge about the trading but I think the other factors are missing. It does not mean the strategy which is best for your friend is also suitable for you. There are many strategies that you can choose according to the market that as swing trading, day trading, and long-term investment, and 99 percent of new traders get losses because of using the wrong strategy

For your question, I recommend some strategies that you use as a beginner. One is Active trading, the second is scalping, the Third is swing trading and the fourth is day trading. All these strategies are useful at the beginning stage and give you a good profit but according to me scalping is best for you as it depends on a small move in the market and the period of this strategy is maximum, I think 1 minute. If you are willing to use the strategies that I suggested then please do some more research on it and confirm whether it will fulfill your desires or not.

Losing is part of the process of learning and trading, even professional traders lose money, don't feel bad when it comes to that, but it is bad if you lose more than you profit which I think is the category you find yourself in. For you to lose a trade there is something that you are getting wrong which you need to work on.

Therefore,  before you think of profiting,

1. You need a good trading strategy that works, meaning you have tested it over time and it proves to be 70%-90% in accuracy.
2. You need discipline and do not be greedy.
3. Apply proper risk management by using small lots size /leverage and stop loss too.


Lastly,  Knowledge about Bitcoin is not just about downloading the candle stick Bible as you did, You have to know about the fundamentals also to begin with your journey to Bitcoin and cryptocurrency investment. The market that you are dealing with is a risky one and this is something you should be aware of, or else you will burn your hand as a result of doing the wrong thing.

There is no trading strategy that is guaranteed to bring you profit. But by adhering to the rules of risk management, you can reduce the chance of losing your money, which can directly affect your profit. But if you are not good enough at trading, then the best solution is not to trade, but to focus on hodl.

This is a part of trading and everyone at certain point incur loses, henc eita not everyone's cup of tea. There are dozens of indicators in the market and all of them have risk factors and your candle reading ability will help you take decisions when combined with indicators but it will not be accurate because if that's accurate then everyone will be rich.

You may win multiple trades and accumulate profit but one bad trade at wrong time is enough to break your portfolio and ruin your capital hence it requires us to be mentally and emotionally be prepared before taking entering trades with your do's and don'ts, never go with full capital as we may have to indulge in reverse trading if the market is in downward trend after we take entry.

For now, try listing out the mistakes you made and have a solid plan of action for further trade by avoiding same mistakes again because it's little bit difficult to digest one can lose capital in Bitcoin trade which is one of the most secure coin in terms of volatility unless you indulge in future.

Sorry to say this. But, you must know this:
There will always be a risk of losing your trading capital when you trade cryptocurrency, because it is high risk. No one can guarantee you zero-risk for trading.

If you don't want to lose your capital, what you need to do is invest in Bitcoin by holding BTC, not daily or short term trading. Currently, the calculation is that we are still in a bearish period, although not in the bottom era. but at least, this is still below the bullish ATH of last season's era. In terms of schedule, it is possible that a bullish era will occur next year or 2 years, after the Bitcoin halving. This is on a schedule, yes, but still no one can be sure when the exact time will be.

So the point is, do holding, not trading, especially trading in the future market. If you hold in a spot wallet or in your personal wallet, as long as you still hold the BTC and don't sell it, your assets will remain safe and not lose. Even though when you check your wallet, the value may change, sometimes it goes up, sometimes it goes down. .because that's how Bitcoin is with its price fluctuations. However, remain patient and hold the coin correctly until one day the price really rises and increases according to what you expected. Learn more about bearish and bullish times in general, and learn about previous Bitcoin ATHs. Keep your hope and be patient, because there is no comfort zone in the crypto business.

Personally op I wouldn't advice you to continue with trading or looking for the best strategy to avoid loses in trading when you have know knowledge on what you are trading. Stop gambling wieh your funds and get a good knowledge on trading to ease your way to understand the market more.

There are no perfect strategies to trade rather getting the right knowledge can help you to know when to trade and when to stop trading so you need to get knowledge first. If you have spare money you can invest in Bitcoin with some amount instead of wasting it in trading when you lack knowledge on trading.

There's no certain strategy that will prevent you from losing in trading most especially if you are still in the process of learning to trade. Trading is learned in a hard way that you need to lose a lot first before you are taught on how to trade the right way. That is why it takes years for a trader to become  a pro trader and become profitable on his trades. Those who can't be patient from losing a lot have end up quitting from trading and just focus on investing and long-term hodling.

Experience will make you a good trader in the process. But it does not mean that even if you become a good and professional trader, you will not experience losses in trading. Losses are part of trading and you can't do nothing about it but learn to accept the reality.

That's one thing about crypto, it could be your safe haven and it could also be your worst nightmare but the use of stop loss or the hodl strategy would help during the bad experience market.
Nevertheless, crypto trading is not for everyone and we need to be sure if trading is for you.
 
Nothing can guarantee you not lose your initial capital but there are things that will always increase the chance of you not losing your initial capital. Which are choosing the best crypto to trade, apply risk management, prevent emotional decision-making, apply stop loss, make use of both technical and fundamental analysis

Even if what I'm about to say will surely sound like a repetition of what most members have already told you on this thread, it's still the fact, because I'm retelling you what they've told you already. For now as a newbie, just focus on increasing your bitcoin knowledge and investment, all you need do is accumulate and hold, in bull run, you sell and make profit, sounds quite simple right, and that is what it is. Only difference is that you'll need to probably hold for a longer time to maybe wait for bear run to pass, then wait again time for the perfect opportunity for you to sell and make profit. Unlike bitcoin trading where you can can make that profit on a shorter term, but as you've already learned from your experience, it comes with it's own risks, of losing your hard earned investment capital, as is in your own case.

I've been in this forum now for a while, and despite the interest for me to venture into bitcoin trading, I always caution my self to still stick to the investment mode, I've however given my self a time frame before trying to trade, and that time has not come, i need to equip myself more about the dynamics of trading before going into it. I'm not in a hurry to take that risk now, despite its reward, because I'm not in a hurry to lose all my money.

best strategy is very easy: buy and hold. Buy as small packages (like each month?) or buy just one stake all in one....
here the not easy part... wait some years? maybe more? but meanwhile try to understand as much as you can about this technology.
it helps a lot in your everyday life... there is no second best :)

One of the most tempting factors for traders who are just starting to trade Cryptocurrency is because the value can increase by hundreds of percent without any limits. However, the profits that can be obtained are commensurate with the risk of loss due to an unlimited decrease in value when trading crypto. As a result of crypto assets being very volatile, you could make a profit or, on the contrary, lose a large amount.
Every trade and investment has its own level of risk, now the most important thing is that you need to be more careful in trading to reduce or even prevent possible risks.

You're on the right track. You did research that will help you, and as a newbie, you did download some apps that will help you understand trading. You undergo this kind of stress, and all of us experienced it as well.
You know what's the problem with you? YOUR EXPECTATION.

You expected so much that you think that you will gain profit because you got stressed doing some in-depth research. It doesn't work that way OP. If it's that easy to gain profit in trading, all of us must've been rich by now. You expected that if you will spend some time doing research, and go trading, you will automatically gain profit. That's how the game works OP. :) Now you understand how hard it is to gain profit through trading. You did do some research, but I guess it isn't enough. If you really want to be a successful trader, spend more time, and learn more. :)

The best strategy to trade without losing any capital? There's NONE. If there is, like I said all of us must've been rich by now. In investing, there's no such thing as "GUARANTEED PROFIT". Trading is considered investing, and in investing, there are no guaranteed profits, so there will be times that you will incur losses. Unfortunately, no one will give you the "BEST STRATEGY" that you're asking because there's no one existing.

I think what affected you was how you view the whole trading and it is not working the way you think, man, because you expected a huge amount of money after you did a little research about trading and you think you have already gotten to understand everything without going for more research. You decided to trade, and you now think that since you have already understood, you will need a big amount of money to start it, which is why you are now panicking. Why did you use the amount you cannot afford to lose? If you used a small amount for a start, we could have said at least they will guide you more. However, ask your friend who is introduced to the crypto space how things work for investors and cryptocurrency traders. People don’t expect too much here; we believe in how the market favours us at that time.

So what affected you was that you don’t ask questions before you take action; you only learn small and think you can earn a lot. That is not how it works; you need to put in more effort so that you will succeed. However, I can see that you are not here for trading, so for you to know much about trading, you can compose some questions and ask them in the trading discussion board. I can see that you are looking for a way to know more about trading, but note that losing in trading is natural; you must lose whether you like it or not. As far as you will trade, you must lose.

The higher the reward you pursue in crypto space the bigger the risk, if you are a beginner for real and you have interest in trading why not start with spot trading? The chances of losing money in spot trading is very low, you just have to buy low and sell high, it takes time and it's less profitable unlike futures and leverage trading where you can use multipliers to make insane amount and this multiplier is also the problem because you can also get wiped out in a second.

Too risky for a newbie, and that is why investing your money in Bitcoin and holding is the most relaxing thing you can do for yourself, the hard part of holding is...

1. If you fail to keep your recovery seed and someone steal your bitcoin, you can avoid this by getting a hardware wallet instead which is more secured than other crypto wallets.

2. If you use the money that you will be needing very soon to invest in Bitcoin you might end up selling at a loss, because when the real time comes because might already be lower than the price you bought it and you just have to sell because you need the money.

Do not invest with money that you will need in some months later, we don't know what the price of Bitcoin will be then, it can be higher and it can be lower, so always invest with money that you can ignore for a very long time, like a year or two from this moment.

Investing in Bitcoin is better than trading, lack of knowledge is what's trying to make you quit from Bitcoin, trading is another thing entirely, and you need to learn to understand trading.

The wrong idea that beginner traders always have is that trading is an easy activity and has no risk at all ^{(it's just an activity of buying cheap - selling high)}.  The reality is that trading is not an easy activity, trading also involves psychology, analysis and skill, there is not a single trader in this world who has a 100% win, they definitely lose ^{(i also lose quite often)} but that is what makes them survive. is that their winning percentage covers the percentage of losses they experience.
you are undergoing a process of becoming a good trader, make all kinds of experiences you get a valuable lesson, continue to hope for your skills and abilities, don't let failure at the beginning make you withdraw from trading activities forever, however if you give up it will be in vain everything you have done, including the initial capital you used when starting trading.

Every beginner who thinks that trading has no risk can be sure that they are only listening to the many profits obtained by those who already have good experience in the trading they do, but this is certainly very wrong if the reason for starting trading for every beginner is a lot of processes. that they have to go through to be able to gain profits from trading.

It takes a lot of experience to be able to make us successful in trading and we must be able to learn from the failures we have made in trading and improve them to make better trades.

As a newbie, why should you choose trading to start with your Bitcoin journey when you should know that as a newbie, you have to limit your risk level and for that to be achieved, you have to look away from risk investments and also stay clear from trading, and gambling with the price of Bitcoin.
The best possible position to stand for is to buy Bitcoin and hold it in a personal wallet because that is the only way to increase your chances of profits but only in the long term goal and perspective,  and while you are at that, you should keep building and gaining knowledge about the entire community.

 There's no perfect strategy in trading that will free yourself from initial losses. Note that trading has always been never easy so its already given that once you trade as a beginner, you will definitely lose your capital in the first place. This is the reality when you trade, you will never trade for quick profits but its more on exposing yourself to your initial losses. But losses should not be your barriers when trading, but lack of knowledge and skills are.

This is the reason why trading is not advisable for beginners, because aside that you will experience frequent losing, your emotions are not stable yet and controlling it is still impossible. But as you expose yourself into trading more often, the more experience you will gain, the more tips and lessons you will earn.

you are in the right place here you can ask about btc and other crypto.

you need to know that I am still in the learning stage, but I always read posts by great people on this forum and of course there are many benefits for me.

and I'm just giving advice and my experience in trading on BTC, before trading of course you have to be prepared for the risk if a loss occurs, and of course in trading you have to use money that is ready to be lost so that your mentality is maintained. But if you Trading in BTC, of ​​course it can be called safe because BTC is different from altcoins, for altcoins the movements are very difficult to predict and sometimes the price can be destroyed, but for BTC, of ​​course it has the potential to have a good future, for example now the price of BTC has started to recover and For those who don't panic sell, of course their capital is slowly starting to return.
and in my opinion BTC is very suitable for long term investment, but short term it is also possible as long as we have good trading techniques. and you must be able to manage risk.

op you have to keep exploring insights, don't give up, do research and be yourself.

perfectly i am at the right place to learn because the guidance here is very superb and educating ,i have seen series of threads that will not only teach you, but will also make you realize that knowledge you seek outside is been discussed here in details and politely . The forum (bitcointalk) has actually taught me  alot this few months that i joined the forum because every aspect of bitcoin is detailed here and that gave me the opportunity to tap from the ocean of knowledge from some knowledgeable crypto experts here  who are crypto pundits.

First of all,  it is not recorded anywhere that after reading or studying your candle stick you can't incurred losses.  Trading is a thing of the mind,  sometimes your mind might tell you to trade and maybe at that point in time the market is about to experience bullish and believe me after making profit, you will began to think you are good, you have arrived,  you are an expert,  NO: it is what was about to happen and sometimes reverse maybe the case and you began to feel less of yourself,  discourage etc.  Trading is patient,  you can't be perfect in trading because even the best trader in the world also incurred losses but it is not equivalent to its profits

Welcome to the community and of course the same welcome to the newcomers we highly recommend reading those pinned posts in each thread, Based on your content you have now knowledge in the Bitcoin trading charts and technical analysis, so why not take a look to our Trading Discussion (https://bitcointalk.org/index.php?board=8.0) board this contents a lot of information how to make a trade, tips, lessons about different strategies and of course the experience of other traders with their wins and lose trades.

Honestly what you experiencing is very normal and as a trader have got to a phase where I thought my strategy wasn't good enough and almost gave up altogether, but like they say practice makes perfect and this could be the case here... Keeping looking at more charts and sooner or later you will crack the code and increase your winning chances!!

Btw, just so you know when it comes to trading, you won't always win and the sooner you understand this the better your trading journey will be .

Like I said earlier, losing is part of trading it's just a matter of getting your trading psychology right and practice good risk management to protect your capital.

It cannot be denied, there are many beginners out there who want to make money by trading Bitcoin even though their knowledge is still very minimal about Bitcoin and trading, so that in the end they lose and leave Bitcoin trading activities.
Bitcoin trading is not something that can be learned in one night, one month or one year, it takes a long time to be able to master Bitcoin trading well, so consistency is a very important thing in Bitcoin trading, if you still use the hit and run method, then you will fail.

The main reason why beginners try to trade is that they have a very small deposit. And even if the price of Bitcoin increases several times, it will still turn out to be a very small amount that cannot improve its financial situation in any way. Therefore, they try to increase their deposit by trading, violating all the rules of risk management, which eventually leads to its complete loss.

What you did was day to day trading of Bitcoin, not advisable because of the risk involved. I feel no matter how good and experienced you are trading there must still be room to entertain looses, the trading market is unpredictable not what you plan might be the outcome sometimes it becomes the opposite. Well some people usually see profits from those trading but nothing should be compared to the idea of BUY and Hold.
If you are well patient and want to make profits from Bitcoin buy Bitcoin at this point in price where we still experiencing the DIP and Hold till we hit a new ATH.
There is every tendency of making better profits from Holding as long you won't alter or panic and sell when the price drops, you need to understand the volatile nature of Bitcoin and even keep accumulating bit by bit because there Is no risk factor involved.

From your presentation, at least the candlestick Bible is your basic capital in trading where the pressure due to the feeling of wanting to buy quickly and in a hurry is definitely reduced from previous habits.

So, if you want to be safe in trading, combine your trading style with what you learn. Place a bid price exactly as in the guide then set the sale at the price you want, whether your time limit is 4 hours or even a week is up to you. The important thing is not to mess with your brain any more. Just wait for your coins to change into USDT again. Just repeat this style over and over again, I'm sure the capital will not be lost, the asset estimate will increase.
     

There is no doubt that you can lose your value if you start trading bitcoins from now on. Becoming a Bitcoin trader requires certain knowledge and techniques. In that case training is essential and emphasis needs to be placed on providing proper guidance and support to new investors at the initial level. If you have extra money you can take a trading course and learn how to invest as a new trader. If your greed for getting rich quick is rising in your mind, then be prepared for the destruction of the trading world. I think you need to choose a right method, you can get the best future price with bitcoin hold as the best strategy to trade without losing your initial capital.

If he still can't trade well, it's better for him to buy and keep bitcoins. At least I used to have experiences like him.
At that time, I had bought bitcoin but when I wanted to sell, the price dropped again and I was worried that if I sold it, I would make a loss. So I kept it for a while and bought it again once it really stayed at a low price.
After holding it for several days, the price of bitcoin rose again, and that's when I sold the bitcoin I bought first.
You can't always sell bitcoin immediately after you buy it. Often, you need to wait days before you can sell the bitcoins you bought.
But if you don't dare to trade, you don't need to force yourself to do it. Another option is to buy and hold the bitcoin until the price reaches ATH, and then you can sell it.