There may be a loss in trading. But usually, I do not always count the losses. Because the calculation of the loss will lose interest in trading later. So I try not to count the loss. However, accounting for a loss is good in one direction because keeping the account of the loss can be traded more carefully later. But I didn't lose much because I trade very little.
Thanks
Yes you are right a good mind with good planning makes people earn profit even in bad condition of market. In trading it's important to be wise because small mistake can make you lose huge amount so be good and learn trading skills. When you are trading lose and profit will come to your way but only good and well planned people known when to keep and for how long to trade, learn from your mistakes and don’t repeat your mistakes. |
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Stop chasing and thinking for easy money here cause it might only disappoint you. The current market situation is really not in a good position unlike what we experience last 2017...If you are good and smart enough in trading you can still make more gains but it is really hard for sure, in fact, even expert has the same experience.
Nothing is easy in this world because we gain something with our patience, hard work and allot of efforts and specially in crypto we will have to make profit by holding and waiting for it. So if good time came once then ir will surely come again but we will have to keep waiting and don’t panic, trade for long term you will earn huge profit one day. |
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The same investment way between bitcoin and gold but have different way to get much profit, with bitcoin we can earn profit with short time and by investing with gold need one year to see gold change to higher price, but for safety investment is only with gold where your money keep satble and never have inflation value,
Well you are right that investment in gold is safe because of its stable value but i think people do investment for the sake of profit and in gold there is no potential increase in price which means that you have just hold your money and nothing else, while in case of bitcoin everybody is sure of profit even it is smallest but yet there is profit. |
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cryptocurrency is not for daily usage yet. it is mostly for investment. i wouldn't make a choice between these two. fiat is the best for daily usages. but crypto market has a huge potential to invest in for long term.
i agreed with you that fiat is convenient for daily usage because most of the people in our societies do not know about the crypto and that is they use only fiat like consider a business owner who do not know about crypto will run his whole business on fiat, in turn we all will use fiat for buying his product, but crypto has also usage for online shopping and very good for investment too. |
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I don't agree to some of your advice or suggestions. Marriage is meant to be a blessing, and this shouldn't make one poor, payment of tax is okay in a decent society to ensure the fund is available to the government because this is their only farm.
you are right that marriage is not the way to become poor, and i know that some countries have rules to half the property after divorce but i think one should maintain their married life because marriages is not done for the divorce that one should afraid of it. And about tax payment i would say that in a better society tax play a very important role. |
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Never lose your money, yes I've really learned this from being a gambler. Maybe it's very easy to make money from gambling but it doesn't really make it and you're at the highest risk of losing all your money so when I want to place bets mostly I'll try not to deposit any new money I'll just play with what I've got and if I'm lucky to win I can make it big if I don't have to.
Never lose too much that is the right thing. We cannot avoid the fact that we are prone to any losses, because we cannot perfect each game , I mean I think the online casino for example has a unpredictable result so I think we need to think that in every game losing is part of the game, but losing too much is bad and we need to change our strategy . i hope everyone of us have this same learning,that we must expect losing so whenever we play let us consider about the chance of risking our money again so limit the playing time and lessen the gambling habit.this is what we need to be for safe gambling. Right risk is all around us and we will have to face it bravely. We should learn from gambling that where there is profit there will be lose as well. Gambling teach me how to earn with enjoyment. Gambling taught me to be patient and it's joyful way of earning money. Being gambler I have become so confident to face problems. |
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Tbh, I don't usually trust online lottery. Though some got a huge income out of it, the assurance of winning is still based on pure luck alone. Despite the fact that some sites are guaranteed, saving your bets on your everyday gambling can give you huge money after a year.
Yeah I also have no trust for lottery because in this you can lose all your money at once so for me it is much better to use gambling than buying ticket for lottery. If you think you are lucky enough then you can invest or ensure your money for lottery but mostly it’s all putting your money in risk that’s why for me lottery is not suitable investment. |
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Planning is very important in trading, without any assumptions and analysis, it is very hard to make money in trading. In crypto trading, the fluctuation seems to be very high and without any planning, we are going to lose our money by predicting the market perfectly.
Nothing is easy in this world any thing if we want to use for making money needs planning so the same thing will be needed in trading and there is no issue according to me spend money with proper planning. As I get my salary then I choose specific part of my income for trading and spare the remaining for my daily needs so I never get worry and trade for long term. in the beginning traders have no such profit from trading but when they start earning from trading then they need to utilize that earned money, as according to my strategy i have spend very less amount of money which i could afford to loss and after that i used all the money came from trading. The benefit is that if you loss all the money in trading then it will not make you panic thinking that it was my hard earned money. So I suggest you that don't always spend money on trading from some other means, just utilize the money earned from trading. |
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4) Do not loan funds for investing in crypto
Avoid trading in cryptocurrencies with borrowed funds. It is a popular advice in the crypto industry that you invest only what you are prepared to lose. This means taking loans from sharks or banks is not advisable as you are risking your borrowed capital in a volatile market with no guaranteed returns.
i think that is really a dangerous act to take loans for the sake of investment in crypto because nobody know the up and down in the market, and that become terrible when the money of loan come down in crypto. I know a person who took a big loan for crypto investment but unfortunately he lost more than half of that money and then he was unable to return the money to owner. So i suggest to trade with your own money. |
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successful traders never repeats mistakes , learning strategy does not help to become successful trade being discipline and managing money , risk will be the steps to become successful trader
what many think is if they know the best strategy its enough to be a successful trader , and they keep on searching for best strategy
I think every trader should have their own strategies and it’s not good to listen other people, it's better to know your own interest. You should know when to buy and when to trade and to become successful trader. People must avoid panic selling as discipline and management is one of the most important thing in trading, don’t be greedy ever. |
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trading has been a difficult process for novices and minor traders. it could be tempting most times if you dont understand the market movement and TA. you might loose patience and cancel out a trade you might regret later. i have cancel out many trades that later ended up in huge profits. i have also cancel some successfully. i just curious to know if there is any sure way to this trading were by you hold on a trade.
Most of the time, I hold position only for hours, within the day, based on 1H and 4H charts. I prefer to trade in shorter time to avoid paying margin interest fee as I mostly trade with leverage. This doesn't mean I never trade longer though, if the opportunity shows up in longer time frame, I'll take it too. Just prefer the shorter time frame. I also try to use both the long term and the short term it’s all depend on market timing. I prefer long term because I am not that good in day trading that’s why I like to trade for long term as it helps to know more about trading and I use to hold. Having one hour or two hours trading is not suitable for me as I am new so will have to hold longer and trade long term. |
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I suggest try learning trading first because most newbie traders suffers big loss cause they lack the basic understanding in trading crypto. You could try watching crypto traders from youtube to know how the pros think, what strategies they use and copy it, to use as your own and in time develop your own strategy. Believe me, you dont want to start without knowing anything cause in the end you'll end up suffering.
You are right if we want to have profit we will have to learn trading as trading without knowledge is full of lose so better learn trading then we should invest in good and well known site. First of the most important step is to know that what actually trading is. Then you should trade for long term and try to earn more than double from it. |
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Some people are losing $100 daily or $200 a week or $500 a week how about you
Have you counted or estimate all your losses and thought what all your losses could you buy, do you sometimes stop and think on all of this.
I'm not a big gambler but I estimate I could already buy a good class mountain bike with all my losses, how about you?
I have this habit of only thinking about my losses when I am broke and have shortage of money to continue gambling. If i remember my biggest loss, I guess I would have bought myself Iphone X with that amount and also give some to my mother or bought her something. I am really developing this habit of keeping track of my losses so that I can play safely and ristrict losses. i think that is a great habit of you, your are going towards the positive side in your life, because everybody should think about his mistakes and try to improve that, even a little improvement makes a great difference for you in future, with this habit you will be able to avoid yourself from addition of gambling and in this way you will atleast divide your budget in a wise manner and control your emotions. |
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Most people says that entertainment is the only reason for them to gamble but we can't deny the fact money involved while gambling makes us to do than playing games which has no risks.So don't forget what you came for that's entertainment and spend less money and more times to get maximum adrnaline.
Every entertainment you need to pay for a price and gambling is one of them. It's more fun in gambling because they included some prizes to win when gambling but imagine gambling with a different prizes they offer? Instead of money they will give you something like a trip to Hawaii or something. Isn't it more fun playing gambling? But of course, you can't deny the fact that it is one hell of an addictive games because of the prizes. Gambling has not limits that is what the problem arise from when people see its an opportunity to make money by spending some which is completely should be avoided to get entertainment from gambling. Getting entertainment is achievable the thing is once greedy connects this entertainment become lust, when you got the opportunities to win quicker you'll thinking that you can keep repeating the same thing and from that addictions will follow. Though if you practice good attitude and you are able to remove your emotions everything can be done to have smooth and enjoyable stay. yes greed and addiction are the two thing which can ruin the life of anyone in any field, talking about gambling i think greediness is very dangerous and it is all about the emotion of individual, if everyone control themselves in gambling then surely the main purpose of gambling will be entertainment otherwise keeping money in mind will lead to addiction. |
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Honestly, I don't really need a lot of money when it comes to playing because I just don't take it as a serious income, I'm just playing for fun and sometimes having fun. I'm not able to control myself and hit my limits. It's all about setting any targets when you're gambling, and if you're losing or winning, you just have to stop and don't go betting more, it's all about self-control and the best time to cash out and leave.
You are right that the setting of targets are very important inorder to stop being greedy or recover the losses. well I am thinking that why some people are unable to control themselves even they know it that the thing is wrong, why they do not realize on the spot that they have no control on themselves, I mean to say that such people should try to train themselves to gamble only for the sake of entertainment. |
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You are right We couldn't find anything better to do with this activity for a long day.There is nothing to be expected but hopefully a positive result will come in a very short time.
I am also so, so far there is nothing we can really rely on or hope for other than be patient and continue to do a good analysis of some work in order to achieve better expectations this year. Yes I am also waiting with patience that one day crypto is going to rise. We can hope according to the market moves. Now as people are investing in crypto. I know market is yet not really good but it always take time to see the price increasing and don’t underestimate the potential of bitcoin and other altcoins as price recovers faster with time. |
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In 2020 many great things will happen, and I myself don't know what effect this will have on the development of crypto. Besides the halving bitcoin, there will be the launch of ethereum 2.0. But what makes me curious is the launch of ethereum 2.0. The question arises in my mind as to what ethereum 2.0 is, what is different from ethereum 2.0 with ethereum which is now circulating in the market.
I also hope that ETH can grow also this year, if only the development of ETH 2.0 can have a good impact then ETH can rise again but I personally am still waiting for the development of Bitcoin prices first because I am sure that bitcoin can have a good impact on altcoin including ETH Right in this era crypto coins are making progress and I think in this list of growing coins I think ETH is going to make good price and after some time May be ripple as well but the best coin to see rising is bitcoin because bitcoin is having huge attentions from investors and marketing people who want to see crypto making wide value in 2020. |
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Don’t be silly and be honest, this is the rule of the basic concept. Poor, so he was stupid for money and did not dispose of them as needed.
Silly about what? I think its about making investment that people should be wise about making investment with money so we should try to be wise and invest our money carefully with useful things like bitcoin and ETH. Some people become fool and they listen to fake people just for being rich faster. It’s really bad to be greedy as try to be wise and invest carefully. |
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It won't happen but if there's gonna be case that it'll surely happen, then probably those countries that most of their company use crypto will start to decline for sure.
I don't see that it will have a major impact in my country though as it isn't that adopted that much yet. I don't see a lot of establishments primarily using only cryptos.
basically the possibility of this is very small, even non-existent. if crypto starts to be wasted, it will happen slowly. in addition, if conditions are like that, it will very clearly create panic, and a great fear of investors. Well, that can happen when the internet is no longer used, but that is impossible. It is good to know so many people are having now good thinking about crypto and people clearly know that crypto can never end even if it is low in use but totally getting vanish is not possible. Day by day the use of crypto is increasing as an investment and bitcoin is taking place in world as currency so crypto will never vanish. |
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Opinions can be source of information but the problem is following someone's opinions are very risky decision. I do not say that you should now buy bitcoins, there are many types of trader and investors. Identify if you are a scalper trader or a swing trader. The buying techniques are really depends on the strategy that you use and most of the strategies are subjective so the perfect time to buy bitcoin really depends on a person.
You are right upto certain extent that opinion of the others could be risky but I think people always ask opinion of other experts in order to make their own decision and obtain some ways for their problems, actually as long as talking about the decisions then I think one should not be completely rely on other people’s opinions, although using one’s own strategies are best. |
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