Dujeff3300
Newbie
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Activity: 29
Merit: 0
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February 15, 2018, 10:20:04 AM |
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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?
You need to have at least two accounts one is for trading and one for investing. The rationale of this is in day trading, lost is unavoidable even a seasoned trader experience losing a trade. Your account in trading will give you a room for improvement as times go by, experience is the best teachers in trading. The more losing experience the more you learn. Your one account which are dedicated for long term investing are your hedge account if your trading account is losing. This will help you recover if you are at lost position at your trading account.
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noormcs5
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February 15, 2018, 10:30:39 AM |
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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?
Now in this time, every coins are facing some dump included bitcoin. You could see now bitcoin has down too much and now only 2 days bitcoin come back its price value, but still it has low price. Even i see my few friends who bought bitcoin at $15000 and now you could see they have biggest lose, but still they hold bitcoin. So i also suggest you that if you have your coins then better to hold for a time, it is not a right thing as a trader that you end up with losing.
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haroldtee
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February 15, 2018, 10:55:16 AM |
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Two basic things are against you, OP. Even the best of traders would lose under the same conditions. The first is Your Emotion should be out under check. Devoid yourself of emotions whenever you are trading. Second, learn to read and follow The News. It isn't enough just to base your trades on TA (Technical Analysis). Always add news to your TA. It aids trades.
Right! As far as I am concerned, his emotions are still in play. Sure, he may have the knowledge, may be few and he still needs to learn a bit more on how to do it better as even pro traders are always learning, but the fact that he is considering losing as a problem on its own is a problem, and that is where the emotion comes in. Even with the wide market correction, I have made a lot of profit and some little losses as well, but the case is that most new traders only learn how to use some measures to predict a market, but when they have an entry, they usually do not have a planned exit even when things are going bad, so as to have a better entry and they get all emotional when it happens. Also, it is unwise to always expect 100% win all the time, there should be room for loss, which is why the stop loss is available. Any trader who wants to win all the time will only end up giving themselves headache and over working their emotions which is bad. To the OP: count this as an experience, over time you will know where you got it wrong, and with the zeal to do it better next time, you will see yourself get better. We have all been there.
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buihoa1995
Newbie
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Activity: 14
Merit: 0
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February 15, 2018, 10:56:40 AM |
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You should learn how to view price charts when selling
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SmokerFace
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February 15, 2018, 11:13:47 AM |
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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?
Losing in trading is normal in beginners just try and try until you succeed in trading just use a small amount of capital first when practicing trading you don't need to be worry when losing every loses there's a win but if you want to trade with a high chance of winning look for a very legitimate coins with good projects and go for long term, Long term means "Enter in a good entry and hold it for long month" this way of trading is lower risk.
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yanto@1977
Full Member
Offline
Activity: 686
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
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February 15, 2018, 11:30:21 AM |
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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?
Trading with out loss impossible. you can try but loss will still happen ( trust me ). Have you ever know about stop loss? one of tools created to minimalism loss, it's good to try. Loss is good to learn that reality not always same with dream and also give our time to fix strategy because market always grow up and unpredictable. Accept loss and fix your strategy and see you next time.
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betlord90
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February 15, 2018, 11:55:34 AM |
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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?
Trading with out loss impossible. you can try but loss will still happen ( trust me ). Have you ever know about stop loss? one of tools created to minimalism loss, it's good to try. Loss is good to learn that reality not always same with dream and also give our time to fix strategy because market always grow up and unpredictable. Accept loss and fix your strategy and see you next time. Impossible really truly impossible since how could people not lose on unstable movement of the coins on trading scene? maybe those who didn't lose are doing a sample demo on their respected site but in reality theirs no always win on trading battles even how good you are in this industry.
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Borisb52
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February 15, 2018, 12:23:21 PM |
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You need to develop your risk management strategy and strictly adhere to it. Only in this case you will be able to minimize your risks. Negative deals are present for all traders. The main thing is that you can earn a long period of time.
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zenrol28
Copper Member
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Activity: 854
Merit: 110
Give Hope For Everyone!
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February 15, 2018, 12:35:04 PM |
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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?
Take a closer look on the coin that you are trading in. Instead of wasting time looking those candlesticks, better to take a look with their whitepapers and roadmaps. Check on their achievements whether they got some promise. Whenever you see the good news, some times it is too late because the coin's price already pumped up and by the time you buy some are already dumping and taking their profits. Better to buy when there is no activity so by the time the news spread you will gain profit. It is natural to lose some in trading. Taking time to reasearch will prevent you from losing too much.
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Nikkolodeon
Member
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Activity: 98
Merit: 14
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February 16, 2018, 02:34:27 AM |
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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?
Patterns indeed can help you, but it is not that accurate mate. Why would you sell your assets for a low price? You must ask that to yourself. In trading sometimes you loss sometimes you earn. But if you always end up on losing, don't you think you are missing out something? Or you should learn more about trading.
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rockyfeller
Full Member
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Activity: 406
Merit: 101
🚀🚀 ATHERO.IO 🚀🚀
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February 16, 2018, 02:43:03 AM |
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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?
Patterns indeed can help you, but it is not that accurate mate. Why would you sell your assets for a low price? You must ask that to yourself. In trading sometimes you loss sometimes you earn. But if you always end up on losing, don't you think you are missing out something? Or you should learn more about trading. Day trading is very risky don't ever try to lose your money. It's all risky at the first place. I'm a fundamenlist guy and wants to check every marketcap who's gaining big from 24 hrs volume. News and roadmap are all intact you should review the company projects. Trade is part of our life now better look at bitcoin's volatiliy coz alts has a effect on it.
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BlockEye
Legendary
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Activity: 1148
Merit: 1097
Bounty Mngr & Article Writer https://goo.gl/p4Agsh
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February 16, 2018, 05:59:06 AM |
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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?
Patterns indeed can help you, but it is not that accurate mate. Why would you sell your assets for a low price? You must ask that to yourself. In trading sometimes you loss sometimes you earn. But if you always end up on losing, don't you think you are missing out something? Or you should learn more about trading. Day trading is very risky don't ever try to lose your money. It's all risky at the first place. I'm a fundamenlist guy and wants to check every marketcap who's gaining big from 24 hrs volume. News and roadmap are all intact you should review the company projects. Trade is part of our life now better look at bitcoin's volatiliy coz alts has a effect on it. Holding more is much better than doing day trading, if you're into saving then it's much better to do hold, wait till it pumps and know the coin graphs, there will come a coin, this coin should be really useful and not those just made out of nothing to ensure that it'll never lose it value hence have chance for more development.
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Webberson
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February 16, 2018, 06:18:11 AM |
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Losing in a trade is inevitable. Even professional traders incur losses at one point or the other during trading. It is always advisable in trading to maximize your profits and minimize your losses. In order to minimize your losses, always carry out a proper analysis of the market, before entering a buy position, and also know when to exit a trade.
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yo_mama
Jr. Member
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Activity: 89
Merit: 5
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February 16, 2018, 06:25:29 AM |
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If you lose in trading, use a trading bot. Most of the time bot performs better than human trader. And it frees up your time.
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SailorCoin
Member
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Activity: 218
Merit: 14
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February 16, 2018, 06:34:51 AM |
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Its impossible to trade without lose. So even pro trader loosing sometimes money. As a newbie, you will lose money. But thats good because thats how you learn. You should not invest to much money in your first trades. Read the news about the cryptocurrencies you trade. Maybeholding is a better option. Because if they announce some big update or a partnership for the future, you can gain a lot more profit then with daytrading. Just be patience and dont overtrade.
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onebtcforlife
Member
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Activity: 420
Merit: 10
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February 16, 2018, 06:51:49 AM |
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Trading is not always profitable and we might loose something if you don't plan it exactly. So different kind of job and it is not easy to guess when it is going down and when it is going up. The only thing we can see is when after purchasing the price will go down and when we sell at low the price will start increasing.
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Indrawan77
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February 16, 2018, 07:17:15 AM |
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You should aware that technical analysis is not everything, there are so many things that can caused the price to change, if you already understand the candle stick, I assume that you are not a beginner, one thing that you need to remember always check the market reaction, it provide a good source of information, and there is no such thing as always profit in trading, losing is the part of the game, losing make us more understand about the market
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astridplomp
Member
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Activity: 217
Merit: 10
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February 16, 2018, 07:20:45 AM |
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Let's just say how can we success without any losses in trading? When we are in this crypto trading, the risk is always exist, we can never avoid losses, a trader without any knowledge about losing will never become a good trader, losing in trading bring us informations and help us understand why we lost.
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jamids
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February 16, 2018, 07:23:41 AM |
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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?
Maybe you always hear or read this one but you will only lose if you sell. This is the only way for you to not lose. As long as you do not push the sell button then you do not lose anything. We know that crypto market is volatile and pump and dump is happening all the time so even if you lose hope that the coin you bought may not go up, there is always a chance that it will be pump or if any news from the team about the developments of the projects related to the coin will appear then it would get the attention of traders and investors and the coin you hold will go up because of the demand. What you can see is paper loss if you don't sell. You can either buy more of the coin so that you can average down. As long as you bought a coin that has an active team and project then you are safe.
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adaseb
Legendary
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Activity: 3752
Merit: 1709
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February 16, 2018, 07:25:55 AM |
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Like others said before. It's not possible to trade without losing.
Only way to get some free bitcoins is to either use some faucet which is a waste of time or if you already own some Bitcoin you can lend it out on some exchange like Poloniex or Bitfinex and get a decent percentage.
However that comes with risks incase the sites end up getting hacked or you get yourself hacked
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