Every thing I touch go down (gravity rulez)

[redsun114]

I started trading a few weeks ago, and made a real effort to do technical analysis before making any trades.  Record so far?  8 trades, 8 losses.  I started with $1200 and am now down to $850.  Fortunately, the money I am using was from ETH that I had held onto from a couple of years ago, so the loss doesn't hurt.

I simply cannot time my entries, and I do set decent stop losses but these get activated and I sell at a loss.  A bit frustrating!

There is no loss that does not hurt, you have to first erase that from your mind that you can do without that little, hold every 1 cent that you have in that market as it is dear to you, that will help you to be a little careful in your trading always when you have the mindset that you don’t want to lose but win.

I do not know if this would be your first time of trading, but if it is, chances are that you may lose your trade few times before you get it right, and I believe that as you are trading and loosing, you are already keeping a journal of your trade, because that is going to point you to your mistakes which is what you need to adjust on for you to have a less frustrating and better trading.

If I were you, I will quickly out that money into bitcoin so that it can quickly generate that $150 back when it gets to $15k, then use that period to work more on your strategy.

[Theb]

We might not be talking about "gravity rulez" here or even bad luck it will most probably go down to your own trading style. If you are that kind of trader in the market where you try to catch up on the hype train or even try to buy while the price action is already on its climax then more likely than not you have bought a losing position. Entry especially in the bull market is the most important thing for you to determine if you will profit from it or not it will make or break your trade just by knowing what price you will buy your position. My advice is if you haven't bought something that is already going up and you don't have a position for it beforehand I would just avoid it entirely rather than risking my limited capital if not you can still try to enter but do have an exit strategy and prepare to cut losses when that happened.

[romecheo]

You have a magic touch, I guess. Whenever I whatever cryptos you pick, it goes drop suddenly. I want to follow your movement, so I can avoid being bankrupt.

Just kidding,

Anyone would experience that, especially in trading. We're watching the up trending of every cryptos of our choice, then, when we bought, it dives deep.

This is a matter of timing, any new or adventurer on becoming traders needs to understand the basic concept of trading.

[Julien_Olynpic]

Now, probably, many traders can say the same thing to themselves. There is nothing surprising. Now there is a phase in which the main coin is Bitcoin. But times are changing. A good idea is to buy a bit of altcoins.

[lixer]

If you're a newbie then I think it's just normal. You get affected by the hype and buy because of fomo. Join to some crypto groups and read their opinions about the market. But if you have been trading for some months or years then maybe you need to learn it again and find where you are doing wrong.

Except one is good at doing very good analysis using technical and fundamental combined with other methods of knowing the real direction of the value of a coin at a particular given time, it may be very quiet difficult not to fall for fomo, especially when it is coming from a coin that we so much trusted, look at the last time that bitcoin got to $13800, with every analysis that I did, and which majority of people did, it was pointing towards the value heading for $15k, and we could see majority of us falling for fomo and buying at$13800, especially we that does shorts a lot in the market, but look at where we have been since then, so we just have to be very careful and be extremely patient if we don’t want to be a victim of fomo at any time.

[Lanatsa]

Anyone would experience that, especially in trading. We're watching the up trending of every cryptos of our choice, then, when we bought, it dives deep.

This is a matter of timing, any new or adventurer on becoming traders needs to understand the basic concept of trading.

How sad thus happens. But there are traders who buy and they immediately make profit. The price do not go down in them because they know when to buy. This is a skill people acquire and it is not common. Those who do not have it will continue to miscalculate and make it look like it is luck against them.

For those who do just trade up without any basis where they do get or buy in without analysis or basis would most likely act as a gambling.You wouldn't know on what would happen next since you aren't basing anything.

All of us do really experience this gravity rules in trading for sure.Anytime you bought in and suddenly the price drops then it do create some panic in mind and you later on sell off after that incident which causes for you to lost money instead of just simply holding it down.

[el kaka22]

If the theory that anything you touch would go down was real the clearest choice would be leveraging your purchases against yourself in a place like bitmex. You would buy bitcoin somewhere and before that you would put a shot future with high leverage as well at the same time and because you bought bitcoin the price would fall and you would make money.

However, since it is just a psychological thing and you never really know how much you are right and if the price would fall just because you bought is uncertain nobody really does that. It is a feeling and everybody feels that time to time, there are months or even YEARS without profit and than one day you make enough to recover all of it, that is why patience is the biggest key in bitcoin and all of crypto, be patient and you will be rewarded.

[nydiacaskey01]

Its possible that you don't check the coin first before you decide to hit the Buy button. If you choose a coin that is in the green already and the price difference in 24 hours is higher than 5% to 10%, expect that price will go down anytime soon unless there is a huge demand for that coin. That's why if you plan to Buy an coin, check the price difference first if its too much already.

[jostorres]

One thing I have noticed about some people is that they don’t really get to know much about altcoins before investing. Bitcoin is different and most of the news that comes up usually focuses on Bitcoin and its very possible that before investing in Bitcoin you already know about it. But why don’t you do the same when it comes to altcoins?

Some people don’t do proper research on the ALTCOIN they want to invest to know everything about it, but they just invest because of what they hear people say. That’s one of the reasons it’s best to only invest in just one cryptocurrency, cause that way you’re sure of giving it all your attention, reading news about it and focusing your analysis on just that coin.

Some people here are just gambling in the name of trading, one person here would just be investing up to 50 coins and he or she knows nothing about 45, then how do you plan to achieve there? Better to focus on only one that you can give all your attention or any number of coins that you’re sure you would give your all attention. That way you wouldn’t be making so much mistake and you would be knowing what to do and when to do it.