The hard Truth

[panjay]

yes, some broke because of margin, some broke because of overtrading, some broke because of hack, and many other mistakes they make in other ways. People will always lose money in trading, because mainly of greed.

[Mjadon15]

It's no news that cryptocurrecy is volatile, and in order to be successful, there are some strategies that must be applied. However, the base line is to stick to the basics of trading. The simple things means the most. Also, you need to develop some tactics for your trading. Trading is personal, you can learn from others and stick to the basics, but don't copy directly, develop your own methods. Above all, emotions must not be allowed to play a big role in trading. If you put all these together, I.e; Developing your startegies, Sticking to the basics, Knowing yourself and Using your head instead of head emotions. You on the path to being successful in crypto.

[Mjadon15]

Throughout my trading education(self-learning) most contents I read or watch regarding crypto trading states it point blank that "about 90% of crypto traders lose their funds"in the cause of trading.

This has somehow made me lose interest in learning to trade. Does this mean, that as a new trader or even the professionals have a marginal percentage of being successful in crypto trading? if your answer is no, then I guess there is rules or ethics you abide by that has made you successful in most of your trading.

I would be glad if members could share with us some of their tips and guides they've adopted in trading. I think good submissions will be of help to most people in this forum.

Thanks in advance!

Talking about rules, here are some that should be embrased
1. Only invest what you can lose: it’s safe to assume that this is the most important rule, the rule to rule the rules. As soon as your money is converted into cryptocurrency, consider it lost forever. There is absolutely no guarantee you can get it back. Losses don’t simply come from dips in the market; extraordinary factors such as hacks, bugs, and government regulation can mean you’ll never see any of your money again.

2. Never put all your eggs in one basket. Diversify
3. Don’t be greedy
4. Don’t invest blindy
5. If you are doing any active trading, set stop losses: For any coins not in your medium or long-term holds, always set stop losses. This is important for several reasons — the most obvious is mitigating your losses.

While these rules are by no means the only lessons you need, they’re definitely a great starting point. Sometimes, though, things are easier said than done, such as watching your portfolio value plummet and still having the iron willpower of resisting the sell button. One of the best solutions I’ve found to this was to join a community of like-minded cryptocurrency investors. Educated and smart crypto-traders, as well as the community members, will all be there to support your efforts and will be holding with you in the rough times.

[Finestream]

yes, some broke because of margin, some broke because of overtrading, some broke because of hack, and many other mistakes they make in other ways. People will always lose money in trading, because mainly of greed.

Right.Do not overthink about trading.You will still gain profit just by simply following the basic rules about it.Just learn how the market moves and follow its flow.Because if you keep on trading without the right timing,this will make you lose in the end instead of gaining big profits.

[worldofcoins]

this is very natural and I don't doubt the truth. The average new trader always loses, even after a long time is also still experiencing losses. Trading in my opinion is almost like gambling, profit and loss will make us feel curious and want to do it again. Especially new traders who do not understand technical and fundamental analysis. After they find out, they will still be curious to practice it directly. And another big problem is they can't wait to do hodling and prefer to cut losses so they will be mocked by the market situation.

Trading is actually the same as gambling but with lesser risk and you will always have a chance to get back your investments depending on how the market runs, this is the reason why people is still keep on investing.

That's very true which is why it takes time to become a good trader because the risks are high but by knowing your stuff you can minimize those which is not the case in gambling.

[muratdur]

It feels like 2018 is one of the hardest year for all the people who are involved in cryptocurrency, because all them people who I know personally are involved in every aspect, are constantly losing their money.

[gabmen]

yes, some broke because of margin, some broke because of overtrading, some broke because of hack, and many other mistakes they make in other ways. People will always lose money in trading, because mainly of greed.

Right.Do not overthink about trading.You will still gain profit just by simply following the basic rules about it.Just learn how the market moves and follow its flow.Because if you keep on trading without the right timing,this will make you lose in the end instead of gaining big profits.

I think it's not that often that people actually get the right timing. Even when you're already in profit, it's normal to wait for the value of the coin to further increase thinking of maximum earnings. This thinking usually turns profit into losses.

[coffigayo]

For now I am not only learning the basics of trading such as reading the chart, choosing coins to buy carefully, discipline is not up to impulses due to pumps and dumps, we also have to learn how to recover what is missing. here, everything will change in the nearest future and will be able to benefit from this.

[ethereumhunter]

it is challenging to survive in the market especially if we are not learning what is happening in the market. this is not just happening with the new trader, but this was also happening too with the pro trader. as long as we can learn something from the market, I think we can survive, and we can still make a profit. you can try to analyze the market every day, and I think it does not take too long to determine that if this is a good time to enter the market or to stay for a while and not doing anything. your feeling will be involved in the situations, and you can know what you need to do next.

[Alfiehob]

Most of the traders lose their funds simply because of no strategy while trading and very greedy as well,if you are a professional trader then you must aim for many trades with lower profits but we are looking for that one trade with 200% return where most of the traders failing.

The harsh reality is that you will find so many individuals who start their trading carrier and that after sometime, they find it extremely difficult to manage the things in a better way and that they end up quitting trade. It is much better to get into the world of trade a little late than to leaving it while getting earlier. You need to work harder to polish your skills before you take up this challenge.

[StephenieDuong]

The fact that more than 90% traders lost their money on crypto is really true because the market is really unstable, and most of traders dont learn about charts so they can lost their money easily.

[hanlap]

The fact that more than 90% traders lost their money on crypto is really true because the market is really unstable, and most of traders dont learn about charts so they can lost their money easily.

Exactly. Usually traders are greedy for the market, want to catch big fish so wait for the price is go up without knowing how to turn and withdraw. They need to learn more to understand the volatility of the market.

[vinbentrob]

The notion that you could be wildly successful trading cryptocurrency in a very short time is erroneous and faulty.  Cryptocurrency trading market is just like any other market where you have to learn and follow success principle like persistence,  endurance,  discipline and the workings of the market before you can attain success.

[DaughterOFbitcoin]

yes, some broke because of margin, some broke because of overtrading, some broke because of hack, and many other mistakes they make in other ways. People will always lose money in trading, because mainly of greed.

Right.Do not overthink about trading.You will still gain profit just by simply following the basic rules about it.Just learn how the market moves and follow its flow.Because if you keep on trading without the right timing,this will make you lose in the end instead of gaining big profits.

I think it's not that often that people actually get the right timing. Even when you're already in profit, it's normal to wait for the value of the coin to further increase thinking of maximum earnings. This thinking usually turns profit into losses.

For this, I really support the idea of margin trading. This never let you down rather you might be having fantastic results at end of specified tenure. You already know how you would be getting good profit ratio. You have a limit and you would never going to cross it. Otherwise, yes there are problems associated with other methods and often greed comes into play.

[M7MMike]

The statistics cannot reveal everything that is happening therefore keep yourself updated.

[mudasarali43]

Its bad time but don,t think it is for everyone because the market makes depress some peoples in different tradings, I think you have to good option is to just consider this as a bad time and try again to do better and learn from the mistakes.

[newbie-hero]

It feels like 2018 is one of the hardest year for all the people who are involved in cryptocurrency, because all them people who I know personally are involved in every aspect, are constantly losing their money.

I think those ones that invested in crypto after March, will get their profits. Investing in Ethereum is the right decision as it is the best altcoin with the huge potential.

[LuciferEveningStar]

Its bad time but don,t think it is for everyone because the market makes depress some peoples in different tradings, I think you have to good option is to just consider this as a bad time and try again to do better and learn from the mistakes.

Those people who are depressed are not knowledgeable about the volatility of the market, when the prices are dropping, you can invest a huge amount in order to earn more profit so you should not be depressed.

[Zooplus]

Its bad time but don,t think it is for everyone because the market makes depress some peoples in different tradings, I think you have to good option is to just consider this as a bad time and try again to do better and learn from the mistakes.

Those people who are depressed are not knowledgeable about the volatility of the market, when the prices are dropping, you can invest a huge amount in order to earn more profit so you should not be depressed.

Right.Instead of feeling depressed when the market is bleeding,be smart enough.Today might be the perfect time to buy more potential coins in their cheapest price.Just learn to hold them for a longer term and soon you will see your good returns when you sell them in their peaks.

[udidrone]

Its bad time but don,t think it is for everyone because the market makes depress some peoples in different tradings, I think you have to good option is to just consider this as a bad time and try again to do better and learn from the mistakes.

Those people who are depressed are not knowledgeable about the volatility of the market, when the prices are dropping, you can invest a huge amount in order to earn more profit so you should not be depressed.

Right.Instead of feeling depressed when the market is bleeding,be smart enough.Today might be the perfect time to buy more potential coins in their cheapest price.Just learn to hold them for a longer term and soon you will see your good returns when you sell them in their peaks.

that might only happen to trader who can read the situation, but now some newbie traders always follow what they ask in people. and when market goes bad like this, they don't have any solution to maintain if their loss