Need help with trading

[abrahamtownsend]

I think the problem here is with your analysis. Although I agree that no one can make correct predictions but if you lost all your funds that simply means that your analysis was not even near. Try to work on that.

[Mkmanik]

hello community members, am new in trading and run into problems recently with trading where i almost lost all my funds. i started trading with a single token i have made x2 profits within a week when i decided to trade another coin which from my analysis the coin have great potential because of it price at that time and that was the beginning of my lost.
what went wrong and what strategy will you advice i adopt that will help me in my future trading that will give good profits and minimize lost.
your views are appreciated.

So you have invested all of your funds in one coin! It was a great mistake, Most of the people do it and lost their money on the trade. Remember, Dont put all of your eggs in one basket. You can't survive in trade in this way. The main reason for this loss you did not manage your risk. It's very important to manage risk in crypto trading. I will suggest you try to read some articles regarding Risk management. You can also watch videos on youtube.
Here is some video/article regarding Risk management:

1) Money & Risk Management & Position Sizing Strategies To Protect Your Trading Account
2) Risk Management - Technical Analysis Series
3) Risk Management and Position Sizing (Simply Explained
4) Risk Management: The Essential Tool For Day Trading Profitability

5) Risk management part 1 (Twitter post/article)
6) Risk management part 2 (Twitter post/article)

[Jasad]

I still not understand yet how to read and make chart, maybe the only me faced problem with how to mark chart where have support entry to buy, but I am always checking with coin want to buy and see price day by day. When lower price coming this time to buy without read about chart because I am not understand yet there.

[chichigirl]

hello community members, am new in trading and run into problems recently with trading where i almost lost all my funds. i started trading with a single token i have made x2 profits within a week when i decided to trade another coin which from my analysis the coin have great potential because of it price at that time and that was the beginning of my lost.
what went wrong and what strategy will you advice i adopt that will help me in my future trading that will give good profits and minimize lost.
your views are appreciated.

For me, it is important to choose the best coin, learn how to trade and hold your coin specially when you are not earning but getting more losses. Crypto price is not stable so it is important to understand it and do not panic.

[nur rochid]

hello community members, am new in trading and run into problems recently with trading where i almost lost all my funds. i started trading with a single token i have made x2 profits within a week when i decided to trade another coin which from my analysis the coin have great potential because of it price at that time and that was the beginning of my lost.
what went wrong and what strategy will you advice i adopt that will help me in my future trading that will give good profits and minimize lost.
your views are appreciated.

For me, it is important to choose the best coin, learn how to trade and hold your coin specially when you are not earning but getting more losses. Crypto price is not stable so it is important to understand it and do not panic.

for me we must first define our trading goals whether trading long term or short term. for the short term of course we can not hold any longer, and must place a stop loss area. it feels difficult, but if we study it continuously over time we will understand and have intuition naturally

[irsykes]

hello community members, am new in trading and run into problems recently with trading where i almost lost all my funds. i started trading with a single token i have made x2 profits within a week when i decided to trade another coin which from my analysis the coin have great potential because of it price at that time and that was the beginning of my lost.
what went wrong and what strategy will you advice i adopt that will help me in my future trading that will give good profits and minimize lost.
your views are appreciated.

Maybe try to trade in pair that can be more expected like bitcoin. Because in future we don't need all day to gain any pnl in our trading activity. I think my suggestion so far is like that because OP said that he already made profit, so he know how to do future trading. Maybe only way that we can suggest is pick right coins or at least safer coin to trade in future trading.

[Alisha FR]

You have earned X2 profit from the result of the first trade. Thus diverting to trade in other coins and resulting in losses. Actually this is a natural thing for a trader, profit and loss is something that cannot be avoided. But you didn't say clearly which coin caused the loss, so I can't say for myself what steps to take. If I make a suggestion, if the altcoin you are holding is a potential altcoin, you should hold it for a long time. there is no need to panic with the downturn that occurs, but you must have enough patience to wait.

[Mkmanik]

I still not understand yet how to read and make chart, maybe the only me faced problem with how to mark chart where have support entry to buy, but I am always checking with coin want to buy and see price day by day. When lower price coming this time to buy without read about chart because I am not understand yet there.

Okay, I am providing some video/blog posts about How to read candlestick charts & the Basics Of Technical Analysis.
It will be very helpful for you if can able to learn those.

Candlestick charts: The ULTIMATE beginners guide to reading a candlestick chart
What Is Candlestick Chart? Basics Of Technical Analysis Candlestick Explained By CA Rachana Ranade
The Ultimate Candlestick Patterns Trading Course (For Beginners)

If you do google/youtube you will be getting tons of videos like this. You just need patients to learn from those videos.
Don't waste time, first try to develop your skill.

[Jasad]

You can be investor than trader, buy coin when lower price and sell later after price raise up, do it for every moment but if you buy on higher price and later price dump wait and hold until price back. Not any technical need as investor just know with good coins to buy, Recommended with BNB or ETH as holding coin and open your portfolio maybe two months later.

[V-t.Ester]

You’ve made a wrong choice with that second token. It very often happens when traders invest in new projects. To avoid this in future you need to check all the info about project you want to take part in very carefully and always to protect your tokens by stop loss orders. Otherwise you can miss the dump. But the best way not to lose your money is to invest in top-10 coins of coinmarketcap. Those coins are the most reliable.