Failure of trading

[dindasulis]

share experiences, Buying and Selling Bitcoin when prices are high is risky. surely a bitcoin trader has experienced the name of loss on bitcoin so how big is your nominal loss in bitcoin trading in your life? and is there any suggestion to reduce or avoid loss on bitcoin ?

[jrrsparkles]

share experiences, Buying and Selling Bitcoin when prices are high is risky. surely a bitcoin trader has experienced the name of loss on bitcoin so how big is your nominal loss in bitcoin trading in your life? and is there any suggestion to reduce or avoid loss on bitcoin ?

I am not a regular trader,but I just tried trading with altcoins in long term.I didn't face any big losses yet but the biggest mistake made by me was bought the litecoin at the peak price and then late sold it for very cheap price.

[hugeblack]

The risk is not to buy when the price is high "6000$ was a high price at the beginning of last year" but buying with the price rises because it will often be followed by corrections that bring the price back to lower levels "as it did when the price continued to rise to $ 19,000".
There are two types of losses:
Actual losses: They are bought at a high price and sold at a low price. [buy at 4000 and sell at 6000$]
Imaginary losses: when they do not achieve the rule of idealism when buying and selling, [buy at 4000$ "you can buy at 3000 if you wait" sell at 5000 "you can sell at 7000 if you wait."]

[shulio]

A trader should use TA and the recent news to predict the prices. Otherwise he/she is going to fail with the trades.

[Lanatsa]

share experiences, Buying and Selling Bitcoin when prices are high is risky. surely a bitcoin trader has experienced the name of loss on bitcoin so how big is your nominal loss in bitcoin trading in your life? and is there any suggestion to reduce or avoid loss on bitcoin ?

Loss would really be different since we do have different amount of investment but rest assured we cant really avoid on not to lose money due to volatility and factor on making bad decisions when we do trade up.
Suggestion to avoid loss? Just make yourself knowledgeable and let yourself do learn up on all the mistake you would commit. Failure is inevitable but you should treat it as a stepping stone for you to learn.

[Nisharawal]

share experiences, Buying and Selling Bitcoin when prices are high is risky. surely a bitcoin trader has experienced the name of loss on bitcoin so how big is your nominal loss in bitcoin trading in your life? and is there any suggestion to reduce or avoid loss on bitcoin ?

Trading is totally a different ball game than prediction or analysis and for mastering the art of trading skills you need to first have the sound knowledge on  trading and then you need to have that kind of practice on that knowledge which then will turn into wisdom and after achieving the wisdom level you will countless number of trades will make you mastery in the art of trading and to achieve this level you need to work hard.

[Yaunfitda]

share experiences, Buying and Selling Bitcoin when prices are high is risky. surely a bitcoin trader has experienced the name of loss on bitcoin so how big is your nominal loss in bitcoin trading in your life? and is there any suggestion to reduce or avoid loss on bitcoin ?

I don't think that someone will admit their losses. But since we have been in this bearish market, I'm sure a lot of our portfolio is on the negative specially if you bought bitcoin below the current price. I think day traders here has a fair share of. their winning/loss but as a holder, they don't have losses until they make the sell. I guess to avoid loss, purchase them while at cheap, which is the last bottom at $5800 and then continue to hold.

[kevoh]

Following the onset of the bearish market from January, I do not even need to do any form of trading to see huge loss in the alts in my portfolio, it's terrible to the extent that I am even scared to check them.

As for bitcoin, I have not experienced much loss as I rarely hodl what I get paid for services rendered and either spend on personal expenses or increase my portfolio.

[AngelSky]

share experiences, Buying and Selling Bitcoin when prices are high is risky. surely a bitcoin trader has experienced the name of loss on bitcoin so how big is your nominal loss in bitcoin trading in your life? and is there any suggestion to reduce or avoid loss on bitcoin ?

People who have sold the bitcoins will definitely worry with heart attack mate. Please and open a trade for every hours. Hopefully you will find the profit for sure. At least 10 dollar profit also you will get with your investment.

I f you have fund on your trading wallet and wait for long time to open a trade means you will worry about that only finally.

[harizen]

share experiences, Buying and Selling Bitcoin when prices are high is risky. surely a bitcoin trader has experienced the name of loss on bitcoin so how big is your nominal loss in bitcoin trading in your life? and is there any suggestion to reduce or avoid loss on bitcoin ?

How do we determined that the price is considered as high? Even $1,000 price level back then is considered as high.

What matters here you know what you are really doing, yes understanding the risks and don't taking away that there will be a scenario that you will face loss. How to avoid losing bitcoin? It's up on the strategy that you will applied since we have different approach on it.

You might want to create one for you and see if that will be effective along the way.

[darkangel11]

A trader should use TA and the recent news to predict the prices. Otherwise he/she is going to fail with the trades.

I'd be careful with following the news. There's so much FUD and the crypto news sites are full of paid articles and coin pumpers.
TA works good, but the most important are fundamentals. TA can show you short term trends, but when it comes to investing it's all about the fundamentals.

How do we determined that the price is considered as high? Even $1,000 price level back then is considered as high.

There are indicators that are meant to show you if the price is high, like the RSI.
1k would be considered extremely low and oversold if it were to happen within the next 6 months. For that price to show on charts the fundamentals would have to start failing

[poli_btc]

The most reliable way to avoid losses in the crypto currency market is to use stop loss and take profit absolutely in every transaction. And also trade in the long and medium term.

[samcrypto]

A trader should use TA and the recent news to predict the prices. Otherwise he/she is going to fail with the trades.

This is very important in trading especially the news because this is where whales changes the trend of a one coin and if you miss this, for sure you will incur losses. Also if you are already trap with that coin because you did not set your cut loss price better to hold on it and wait for the price to bounce.

[danherbias07]

share experiences, Buying and Selling Bitcoin when prices are high is risky. surely a bitcoin trader has experienced the name of loss on bitcoin so how big is your nominal loss in bitcoin trading in your life? and is there any suggestion to reduce or avoid loss on bitcoin ?

Not bitcoin for it is my savings but Ethereum though. It is almost the same. ETH is just cheaper so it is affordable. You can trade lots of it with a good profit too since it fluctuates much that bitcoin.

I guess many of users here will agree with me to that. Imagine having 10 ETH than just having 1 bitcoin. Each ETH can fluctuate from 50-100 dollars. That is an easy 500 - 1000 while waiting for bitcoin to take a bull run again.
I'd risk my ETH but not my BTC. That is my precious.  

[Slow death]

Buying and Selling Bitcoin when prices are high is risky.

But you have no way to know when high is  high and when low is low

surely a bitcoin trader has experienced the name of loss on bitcoin so how big is your nominal loss in bitcoin trading in your life?

I lost a lot of money, I can give a minimum of $ 5000 that I lost

and is there any suggestion to reduce or avoid loss on bitcoin ?

If you trade with bitcoin, then just buy bitcoin and hold for many years, that's all

[adzino]

share experiences, Buying and Selling Bitcoin when prices are high is risky. surely a bitcoin trader has experienced the name of loss on bitcoin so how big is your nominal loss in bitcoin trading in your life? and is there any suggestion to reduce or avoid loss on bitcoin ?

To be honest, you suffer loss because you become impatient. Does not matter when you buy bitcoin, the price will eventually rise higher than the price you bought at. Look at the history and previous price charts. You will notice that the price is increasing on average on the long run. Just invest on bitcoin and keep holding until you are satisfied with the price.

[TomArayaSlaya]

share experiences, Buying and Selling Bitcoin when prices are high is risky. surely a bitcoin trader has experienced the name of loss on bitcoin so how big is your nominal loss in bitcoin trading in your life? and is there any suggestion to reduce or avoid loss on bitcoin ?

You can sure lose in all trading pairs man and i think bitcoin trading pair is not such a bad idea at all if you look at it most time you need withdrawal you wouldnt have to go the stress and loss of some money converting to bitcoin

[BCSHonda]

A trader should use TA and the recent news to predict the prices. Otherwise he/she is going to fail with the trades.

This is very important in trading especially the news because this is where whales changes the trend of a one coin and if you miss this, for sure you will incur losses. Also if you are already trap with that coin because you did not set your cut loss price better to hold on it and wait for the price to bounce.

Have a strategy and a specific investment plan if you want to develop long term with the cryptocurrency market. Learning from failures is a must do and a necessity, and those lessons are invaluable and if not directly involved in investing you will never get. The market is showing signs of positive recovery and this is the opportunity of wise investors.

[Coin-1]

and is there any suggestion to reduce or avoid loss on bitcoin ?

The short answer on your question is no. Trading is always risky. The losses are mostly depends on your wrong trading actions. I heard that some traders are afraid to trade without the signals from their insiders. So you need to find a guru which will teach you and help you to gain profits.

Above somebody suggested you to use a technical analysis to predict a coin price. I think it's useless, because the crypto exchange markets are manipulated by the "whales".

[Nhor1011]

   There is no perfect in this world even in everything yo do there is always a failure but the good news is you can learn from those failure. So,try and try never stop. In trading,you can't avoid to have loss but you can minimize it through your experience or through the result of your past failure. You will not become successful trader if you can't experience failure.