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Author Topic: How can one trade without losing??  (Read 1220 times)
Uko21
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February 10, 2018, 06:40:26 AM
 #1

I looked at my pc screen 247, 20 hours out of the 24 hours in a day. I am familiar with all the trading signs like hammer,  inverted hammer, doji. But even with these I still lost while trading. Most times, I decided not to trade without news from a particular project but even with a huge news like partnership, burning folks, I end up still losing.
What's really the cause? And how can I trade without losing much?
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February 10, 2018, 08:28:31 AM
 #2

I looked at my pc screen 247, 20 hours out of the 24 hours in a day. I am familiar with all the trading signs like hammer,  inverted hammer, doji. But even with these I still lost while trading. Most times, I decided not to trade without news from a particular project but even with a huge news like partnership, burning folks, I end up still losing.
What's really the cause? And how can I trade without losing much?

if you're a begginer this is normal , you have to gain experience through losing .. to improve your strategy , don't overtrade, follow the trend and have patience
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February 10, 2018, 08:29:27 AM
 #3

Even the pros can lose on a trade, but they make it a point not too lose so much by strictly following stop loss plans.
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February 10, 2018, 09:11:40 AM
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If no one is losing, how can someone win?
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February 10, 2018, 11:07:28 AM
 #5

Despite your knowledge on trading, have you been applying techniques of testing on better coins to trade in at that particular point in time? You may endeavor using the coin market cap, this avail you that opportunity to check where the particular coin is been ranked. Is it among the first 20? And stuff like that. You can also confirm at exchanges their value at that period in time. This however still considerend depend on the type of exchange.

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February 11, 2018, 07:20:18 PM
 #6

I had similar fate my friend, I was constantly losing money with my trades. So I stopped and I applied different strategy, mid or long term trading. I am very successful if I can say, and I could do better too. Take a look on my posts, I bought a lot of iotas under 50¢, then I sold it at 1.7$, what a mistake that was, it went over 4$, I waited 4 months for that rise, and I couldn't be patient for a day or to and sell at 4$. Then ripple, I was buying at 25¢ and sold over 3$. My biggest mistake was litecoin, I sold long ago before 100$ and later 300$. I was talking a lot here that this coin will rise in price and they did. Now I bought ripples again under a dollar, iota I'm thinking to buy again, litecoin definitely yes under 200$. Stellar, cardano under 1$ great buy, and many more coins and tokens.
Don't hurry to make money, take it easy, pick a good, undervalued coin buy when ever you have a chance, if it drops buy more and wait your golden chance.

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February 12, 2018, 03:23:03 PM
 #7

Just in one statement is to trade with caution and or with extra ordinary patience.. It is on this forum that I actualize that fact saying It is only a patient but wise man that can break the rock and get to eat the golden egg laid on it. From experience equally, I have for once sold my dodge coins just a bit higher than the purchased value during its bear market, not to later discovered it had raised up to 400% of that value just in two years later, where I recorded regret .  So, my simple submission is that after due Market watch and research, trade and be Patience.

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February 15, 2018, 04:46:35 AM
 #8

Despite your knowledge on trading, have you been applying techniques of testing on better coins to trade in at that particular point in time? You may endeavor using the coin market cap, this avail you that opportunity to check where the particular coin is been ranked. Is it among the first 20? And stuff like that. You can also confirm at exchanges their value at that period in time. This however still considerend depend on the type of exchange.
The market cap is it really important? Because a friend of mine were saying I should always consider the usecase of any project before buying a particular coin.   But even with that  after much research about the project and I decided to buy, at last still sold at lost.
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February 15, 2018, 04:48:40 AM
 #9

I had similar fate my friend, I was constantly losing money with my trades. So I stopped and I applied different strategy, mid or long term trading. I am very successful if I can say, and I could do better too. Take a look on my posts, I bought a lot of iotas under 50¢, then I sold it at 1.7$, what a mistake that was, it went over 4$, I waited 4 months for that rise, and I couldn't be patient for a day or to and sell at 4$. Then ripple, I was buying at 25¢ and sold over 3$. My biggest mistake was litecoin, I sold long ago before 100$ and later 300$. I was talking a lot here that this coin will rise in price and they did. Now I bought ripples again under a dollar, iota I'm thinking to buy again, litecoin definitely yes under 200$. Stellar, cardano under 1$ great buy, and many more coins and tokens.
Don't hurry to make money, take it easy, pick a good, undervalued coin buy when ever you have a chance, if it drops buy more and wait your golden chance.
I think I will be using this method. Day trading is not really working out for me as I lost much than I invested.
Thanks
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February 15, 2018, 05:02:01 AM
 #10

DYOR is the best method to crypto world.Don't trust news anytime. Select a few low supply coins and research.It will give you good benefit Smiley

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February 15, 2018, 05:12:31 AM
 #11

it is impossible to trade without losing anything. trading has a certain level of unpredictability that makes it hard to always make profit. even big players lose at some point. the important thing is that your total is not loss meaning at the end of the day you should have made profit.

also all these "trading signs" you mentioned are good but when it comes to altcoins and somewhat even bitcoin, they are not as useful as you may think because the market is small and that makes it more unpredictable. and in altcoins there is mostly pump and dump instead of real rise and falls.

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February 15, 2018, 05:21:39 AM
 #12

Trading is just like gambling someone loose and someone win. If no one loose than how someone will win?. Always check all charts and buy on best entry level.
Check both fundamentals and technical analysis. Sell in profit don't be too much greedy. 

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February 15, 2018, 05:30:40 AM
 #13

You need to learn more from your mistake, try to figure how you trade in the past and what makes you get loss. Don't trust to anyone else, they only trying to pom pom, to make the price pumped. Believe in your self, see the market cap, market depth, chart, trends and volume. It all related and you have to know them clearly.

Anyway losing as a beginner is not a sin, you have to loss to learn more. I have one tips for you, buy when the price go very deep then wait after the price goes up then sell, don't be greedy, pick your daily target.
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February 15, 2018, 05:35:10 AM
 #14

No matter how much flowing of money you may afford, the majority of crypto currency traders/investors lose their money in often times at initial stages while experiencing trading. I have come to realize that most common reason why people fail in crypto trading is when you invest without having trading plan, and if you have no knowledge where you are investing, then you may oftentimes fail
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February 15, 2018, 05:37:31 AM
 #15

I looked at my pc screen 247, 20 hours out of the 24 hours in a day. I am familiar with all the trading signs like hammer,  inverted hammer, doji. But even with these I still lost while trading. Most times, I decided not to trade without news from a particular project but even with a huge news like partnership, burning folks, I end up still losing.
What's really the cause? And how can I trade without losing much?
.
It only means that the strategies that you are using now is not working in trading. Losing is normal in trading but most important is gaining an experience so that you can apply it the next time you make a trade again. If you want a less risky trade, stay with the top 100 coin in the market

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February 15, 2018, 05:38:20 AM
 #16

To trade without loosing, you have to,1. Gather the knowledge and skills needed for the business probably from  books,seminars and training of those who have been successful about it.
2. Start little - with that you will be able to study it yourself before expanding.
3. You have to study the environment, be sure the trade meets up the need of the people around , also know that calibar of people - be it rich, average or the poor. With the poor you trade more on credit.

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February 15, 2018, 05:39:58 AM
 #17

News is noteworthy, but not proof of purchase
Have your own strategy, but do not buy air coin or airchain
Still need to be patient, if you are losing money.
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February 15, 2018, 05:53:27 AM
 #18

For me it's typical to lose in exchanging there's no affirmation that you'll generally pick up in exchanging it's much the same as betting however you can maintain a strategic distance from this sort of things by taking some measure like checking the news that is identified with crypto and I think in case regardless you're losing after all that you improve on the off chance that you enjoy a reprieve and have a decent time then perhaps after that return and trade once more.

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February 15, 2018, 05:54:18 AM
 #19

My guesses are you are still new to trading even if you are familiar with reversal patterns and everything you won't be able to predict it right without a plan or the confirmation candle. Also not all trading decisions comes from patterns or news as you are forgettng one important indicator ans that is volume. Without volume your analysis would be for nothing as volume is one of your confirmations that your pattern will go as plan. Also trading could be tricky in the cryptocurrency market as whales can also decide the trend.

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February 15, 2018, 05:54:44 AM
 #20

Losing in trading is when you sell with cheaper price than when you bought. Means that trading without losing is when you are not selling with cheaper price, even though the price drop significantly but if you still holding it then it is not a lose.
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