Understand that most of trading are what you teach yourself and not only what you read on YouTube.. You must have to teach yourself after having the basic knowledge through seminar or other means, those are the basic. You then have to move out of that training to have your own understanding of the situations of market. The two major factors that push market are fundamental and technical. Focus more on the technical aspect of trading, those are the charts.

Lol bro but 20% is way far too much for a stoploss on a single market order. It means you have just splitted your account into 5 places and what happens when you trade the 4th time and lose at a roll? Panic gets into you to trade the fifth time because of the fear of not coming out of it. I have traded with a lot spaced for stop loss because I was scared or didn't like my stop loss to take me out, I even extended and shifted it and yet the price takes me out.

Just identify the trend and if you go with it, you just need a tight stop loss incase of spike. I can suggest like a percent of your balance to stop loss and you see it is a scratch of your account that will be lost if it is against you. Good luck.

Very important thing to do and I support that a learner should work on the strategy with demo account because I have done such not just once. I do demo trading from times that I want adding a new idea to my strategy to test on it first because doing that on real account is dangerous not to put yourself in risk of losing your money. But starting a real account do also require that you do start gradual.

Don't just deal with anyone online asking to give help to you and asking for a fee from you, that will look like outright scam. If you ask for a prove of past work or help done from them as evidence, you can get a Photoshop and you can fall for it. The best is to flee from every one asking for money to help you. This include elegram groups too, they can scam you with rhetorics of sending you trade information but requiring payment from you first.

Yes you have said it simple way. China made the worse attempt to cripple bitcoin and cryptocurrency in 2017 when adoption then can't be compared to 2021 but it didn't stop the growth and bitcoin rose higher to an ATH high then around $20,000. At this time with high adoption, people don't need to panic selling except newbie feel not to lose the worth of hodling to sell but will come back to open thread of regretful comment and mistake to sell in rush for fear. Bitcoin price will increase more despite China's fud.

China can only do the best that they can do and like other countries too that have expressed hate in different ways have not succeeded. China in 2017 had a kind of what ban for ico nothing came out from it and bitcoin rose to $64,000, they restricted mining yet bitcoin still going stronger with countries coming to use bitcoin. We can't be surprised if China turns around to promote bitcoin.

There are certain things that are important and not to be looked away from. If cutting down expenses is to take away the concern of our primary health, it means we have more bigger troubles in our hands. We open our health to infestions if we don't take precautions about them and the result is the payment of high hospital bill to treat ourselves and by then we still in same place or have lost more to our health. Therefore cutting down should not make us susceptible to health bad practices that will endanger our lives.

There are nothing in particular that you can do on this. You can save if you have left but you can't save when you have not taken food to your belle. If you don't enough with good diet, you are likely to have low immunity exposing your self to bacteria, virus and all kinds of infestion including covid-19. You can't cut down on expenses when you are already underpaid or not paid at all. Generally, life is now difficult across the land and inflation is not stopping anywhere.

Depending but if you take it very far away from where it is likely not be triggered it also means you could be risky too much of your money for that particular trade. Stoploss is usually good when calculated against your trading balance maybe just 1% of your balance or below 1% and you can maximize your profit. But if you take alot of your money out in stoploss and it keep hitting on it, you will be running out of balance. This is part of money management skill.

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I'm believing that many traders here don't like using stop loss and the reason is just within our first guess, they don't want the stoploss to take them out.
In my own situation , I also didn't like that idea of getting to loss to stoploss but my orientation have changed towards that because stop loss is better used than not to be used.  One benefit is your just loss a little part and you can carry on with your trade, after all trading is about profit and loss. This is a good mentality to succeed. If you are in the habit of readjusting your stoploss and take it further, you can stop that because the price can chase you there

For newbie traders and more experienced traders, I do also believe you having the dilemma of using or not using stoploss especially when it takes you out frequently but to such, the problem may be with your trading strategy and not stoploss.

So what is your challenge to using stoploss?

I'm not viewing the bull to be over yet with the looking of how the price coming back after it drops. Hodling isn't just what we look at the short term but for a longer time gains. Waiting for more dip to around $30,000 can be a time that we can't tell. Therefore in not to miss the real deal which is the future increase, it is better to buy and hodl now. The price of bitcoin is coming back after the little hourly correction last few weeks, no speculation can be accurate or perfect but investing to the extent that we can sustain ourselves is better.

The pump of 2017 around the last three months to the end of the year may be repeated from the way price moves and especially that countries coming to adopt bitcoin and create digital currency. I see traders having the sentiment and emotion of thinking there may be bear but definitely things have changed and we may not see that. As a result of fud for the December, they want to sell out there hodling to tether, though not a bad idea .

A learner who wants to learn more should be patient and not to be in the haste to start real trading. Make all your mistakes with demo , build your passion for it and don't run away from mistakes. A learner should take low risk, identify what is working then stick to it, with time you will be a professional growing from the mistakes made.


This is another type of trading but called hodling. However talking about hodling, longtime can be boring. A real trader don't want to hodl but to exchange for immediate profit..

I don't think that you have made a complete post here on the subject matter that you want to highlight. Having capital and skill are not the same thing. A trader with skill and good training needs money to start the business no matter how small it is. When you talk about capital here, I assume that you are talking of huge money and that is not all about capital. Money or capital whatever you call it, is needed for a trader to start up the business. Some traders are set to go and they need capital whether at least small.

No one knows what the price of bitcoin will be by the end of this year and in 2022 but my prediction is that it will increase more in coming year compare to the rate that it is going for now. The price appreciation is very rapid and this is really good. If the price increases more sharp than it drops that is possible more people are positive to hodl and invest in bitcoin.

Real estate investment have proved to be the best kind of investment both for long and short time investment. I have not been aware of a real estate investment complaining of losing the investment, the asset is usually adding with the future. This is not affected by inflation because it has no corresponding factor that will get the price to decrease rather with the building of proper channels for social amenities in the surrounding including good roads, the price keep increasing. This is more beneficial kind of investment and can be insured.

This can be true but not a total change. You may need some little adjustment from time to time so to adapt to the changes. You can identify the changes in the market if you already understand your initial strategy to be outdated. Some traders don't bother about why they are losing in the market which is the result of many factors like whales taking over the market that will cause high volatility etc.

Not until a trader starts the use of risk management they won't make consistent profit that will help the account to grow. What the risk management does to the account is that it doesn't allow for excessive and unreasonable losses that will drain the account. If we use the system then we have proper control of our losses and quantity it to our profit because in trading we require to make more profit than losses. We need to use risk to reward ratio and that will control the risk we want to take in a particular trade.

For a short time profit, I think it is better to consider coins that are getting hyped and that is because just as you are making the buy, other investors are buying also and that keeps increasing volume and profit. For a long time hodling , I wouldn't look at hype but a real project that has already been established like etheruem and bitcoin.

I think that you are missing things together here. There is difference with long and short time hodling and trading. Although maybe short time hodling can still get the consideration as trading to the extent as swing trading but long time hodling is trading because trading is not suppose to stay longer than necessary like a year hodling. But both long time hodling and trading can get you a lose.