Trading sucks, I'll just hold my coins

[syaripudin]

If you do not like trading activities you should be able to choose the right coin to make an investment. some coins are great for an investment and it all depends on your choice of the type of coin you are going to invest. I am currently more interested in bitcoin because I know bitcoin always has an increase in value that keeps increasing from time to time so I think there is no harm if you are really doing bitcoin investment for long period of time and so far bitcoin has shown its greatness over another type of coin yes as we know today bitcoin has a high enough value when compared with other types of coins and I still strongly believe this will continue to persist for long periods of time.

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[blckhawk]

if you have small skills with only think to make money you will hate trading trading need some one who believe in it and ready to pay more for that

Precisely, trading is no ordinary job it requires a lot of patience. If have no patience then it is not appropriate job for you. If you have seen your token in dump stage just hold it because there's no good effect of panic selling. Having patience is worth because it may give a higher profit.

[adsdas]

even hold coin you still need strong hand. or you will check price many time per day and panic sell soon

[rijwanjaelani]

Trading is risky but also very exciting way to make money and its all about taking a calculative risk at a right time and if you manage to do that well then you can expect good profits from trading as holding is really boring and it will also not give you profits regularly so I will dare to take a risk of investing in trading.

[Hui8]

 It is obviously that holding gives more profits than trading, but only if you know how to choose and decide in which altcoins are you going to invest, otherwise you are not going to earn a penny from it. It is too easy to say, but a little bit difficult to do it, anyway, everybody who has been holding in the last months can know that holding gives more profits.

Yeah OP Is like out of his mind I guess and he even broke his laptop. That's not good to do and it clearly state that op was doing all the emotional trading which is first rule in the trading and not to do it like that way. Trading is work of patience and smart work. It takes lot of time to learn and once you do it in the right way then it can get you loads of profits.


But anyway he lost the trust from trading so holding stages a bigger chances for op. It's always good to hold whether you are trader or not. Keeping the bitcoin in wallet is simple thing and the only extra thing you need to do is to have patience until the price starts growing. Then that's profit.

[RedArcher]

There was a nice message : don't invest what you can't afford to lose.
Though many of us follow this rule? Sometimes we just need to get extra money for some needs (necessary or not it is not the point). We lose our mind in a pursue of short money. Besides there is a huge psychological gap if you compare demo and real trading.
Still, I would recommend you to try again but make a trading plan, decide how much you can afford to lose and how much you would like to gain (but the amount must be realistic). Then start with small money and trade the smallest volumes. It won't bring you much profits but it will educate and discipline you. That really matters

[cah ndablek]

Yesterday I just lost 1.8k USD, maybe in USA or in West Europe that's doesn't much, but here in my shitty country that's a f* big amount of money. Here the minimum wage is ~ 300 USD / month. So that's like 6 month of work if I cut my bread and water and live on air. Half of my saving were other investments, but anyways... I'm feeling shitty right now. Oh, and I break my laptop. So yeah, that's another - 500 usd.

I though I can trade. Buy low, sell high. Sounds good, doesn't work.

Looking at the charts and candle sticks and watching old bitcoin values, and huge spikes (pump, I saw here how people uses the pump word, daaaamn...) I was... yeah, I can totally do that. I'll just buy when it's low, and sell it when it reaches the top. Well, I was wrong. You can't see the future, otherwise everyone would be a millionaire. That would be true if you would have a delorean from '85 with Emmett Brown and Marty Mcfly and you could f* travel in future and see the PUMPS!!!1

So anyone who will read this message (noobs like me) if you don't have any trading experience, don't do it. There are expert traders who know how this market works, when to buy and when to sell. Don't assume your skills by watching youtube videos and reading "daily indexes and predictions" of how the price will rise or go down by shitty sites. That's just dumb. You don't know what's gonna happen. Maybe a little bit of luck, or I don't know.

So yeah, from now on, I'll just leave the trading area for experts and I will invest in bitcoin by buying every 2 week or monthly and saving into my wallet. And one day (I hope so) the price will rise and I will buy for my self a delorean.

Cheers!

every trading is definitely inseparable between loss and profit so start from the beginning you should be able to receive it well but I suggest that you never give up every time trying to make it possible to become a successful person is very wide open for you later.

[KEPLER99]

With anything, dont invest what you cant afford to lose.

Did you research these projects before you purchased?

i agree to you, dont buy any altcoin if you dont want to take the risks.
before you buy some alt you need to know about and that project before you purchased.

That's correct and if you invest in any altcoin blindly without doing any research then you will surely loose money in it so if you don't have any idea about altcoins the best thing would be to buy bitcoin and hold it till the price goes higher in future and sell when you are making good profits from it.

Investment without reseach just is gambling, you cannot call this is trading or investment.
You are also a gambler when use your money for invest to an altcoin by the promote from someone

Yeah it is time to stay calm and don’t be panic just hold and the time will come when you will release them at higher rate and the most of the common thing when new investor sees the price going down he will be in the panic situation and then he sold at low and this gave him loss the only way to score profit is sell high buy low.

Yeah I do appreciate the way you have used your bitcoins for the sake of trading. This is heart touching that you have lost a much of what you had for the sake of doubling it via trade or so. But you should not lose your heart on it and keep on trying. This is because trading gives you the best shape of it in all possible ways when experience is much more than just thoughts.

[beezare]

Trading always needs a lot of patience and dedication because you need to learn many things about the market fluctuations. Every time we won't get positive results through trading we have to wait patiently when we reach our target price.

yes, trading requires patience and good skills and smart in reading the market, I also have experienced it, do not despair keep the spirit and positive thinking

[Ann Impas]

This is the problem for new traders they are scared to risk and when they lost money they usually quit and that is a bad habit because if a coin dump it will usually pump (depends on the volume) and you will regret that.

[Malaya]

An important thing to keep in my is when we started trading, we also started to play trade the risk of losing and not just winning. Bitcoin can be earned in many many ways and it has a lot to be discovered to than trading. Look for the long term effect when you trade and to not be disapponited easily.

[tobi4255]

Trading is risky!

It is up to you to decide if you wanna take up trading, or if you are better suited for just investing. To me, trading is a fun and exciting alternative to gambling where there is no house edge.

I play around with manual strategies, automated strategies etc but never with more than i can afford to lose (just like in gambling!) and it has given me many hours of fun, a few of frustration.

coming to terms with yourself, and staying away from trading cant hurt your investments so you have my blessing OP.

To others, don't be scared of trading. Learn it with funds you can afford to lose, and try out strategies. I do feel like you can expect a certain predictability after indicators such as upper or lower BBands behing crossed, or a bull/bear pinbar, though they can fake it.

[abayan]

This is the problem for new traders they are scared to risk and when they lost money they usually quit and that is a bad habit because if a coin dump it will usually pump (depends on the volume) and you will regret that.

Keep in mind that trading is risky for both newbie and pro traders and holding a coin is part of the game as we don't know what can happen and the trader may lose or hold it for a long time waiting for tye peice to get back and recover.

[bitbunnny]

Many users who haven't been successful in trading are disappointed and have the attitude that trading is waist of time. That is not true but everyone should have in mind that trading is not easy job. It's risky, it takes skills, knowledge and information and it's not for everyone. So if you are not willing to spend a lot of time and learn a lot and if you are not prepared for loss, better don't go into it.

[samba001]

It's a common story with most of the new traders, you need to have lot of patience and good strategy to do the trading. If  you invest all the money in one go and want to earn money it would be difficult. Instead you can invest partial amount and you need to keep on buying when it goes low. So that you will get averaged and when it start growing you will be able make good money.

If you want to become rich overnight, I think it's not the place. You need to play sensible & safe game to make money in the trading. I wish you all the best in investing.

[el kaka22]

Oh well. Sometimes we have to learn it the hard way. When i started trading i enjoyed it to the point where i lost half of what i invested because i base my judgment on what people tell me. From then on i didn't want to do it again. Trading is only for those who are patient and daring. Guess i'm not both.

You could have just kept on going instead of giving up and stop listening to people but instead listen to your own judgment better. Since you said you have learned, you don’t have to trade all the coins, you can just find the few ones that are worth trading and comfortable with and then apply that knowledge you have by trading them. Do not guess yet that you are not patient and daring, you may never know until you do it the right way.

[Scooby903]

Day trading is not everyone's cup of tea.
Its a pain to watch for charts.. switching tabs to check different coin charts.

I would recommend Gunbot or other bots.. which does the trading for us, while we do other things..
Gunbot i prefer

Gunbot available at https://tradingbotpro.com/

[solarion]

Day trading is not everyone's cup of tea.
Its a pain to watch for charts.. switching tabs to check different coin charts.

I would recommend Gunbot or other bots.. which does the trading for us, while we do other things..
Gunbot i prefer

Gunbot available at https://tradingbotpro.com/

Gunbot is nowadays famous among all the traders who are busy in other works but I noticed mostly day trading guys are more money than bot users. We just need to monitor the price chart since you be in online to make more money with the price fluctuation and making the price changes in your trading account.

[palle11]

Day trading is not everyone's cup of tea.
Its a pain to watch for charts.. switching tabs to check different coin charts.

I would recommend Gunbot or other bots.. which does the trading for us, while we do other things..
Gunbot i prefer

Gunbot available at https://tradingbotpro.com/

Gunbot is nowadays famous among all the traders who are busy in other works but I noticed mostly day trading guys are more money than bot users. We just need to monitor the price chart since you be in online to make more money with the price fluctuation and making the price changes in your trading account.

More to the disadvantages of gunbot is that it only obeys your orders and can not retreat when situation would be risky to continue. In other words, it only obeys technicals and can't put fundamentals on check.

[joinfree]

Trading is a good option if you want to make quick money by taking advantages from the price movements. Anyway, it demands some time of your life, when i was a fullday trader, i used to be more than 10 hours in front of the PC to take profit from the altcoin market, and it was not healthy for me because it took me a lot of time.
And i agree with those who says that manually trading is profitable than bot trading, because you know that a bot is not a real person.. and it can have more mistakes than a human trader.