Failure of trading

[darthmaul]

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 ?

That would always be in the down run of the crypto currencies. For specifically bitcoin it can be the situation where altcoins are getting invested heavily while in other cases it could be the case where vice versa situation is presented. I think most of the time people invest or start trading when bitcoin is on the verge of FOMO curve. This curve occurs when bitcoin starts going upwards but thats because of FOMO investment which is temporary and thus give high chances for the bitcoin to drop. This way you can loose your money. So there are many point of analysis where your entries can be harmful for your trades.

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[nl247]

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 ?

There is no way to avoid losses when you are a trader the risk is part of the game, what you need to do is to create an overall strategy and determine how much money you need to win from each trade and how many trades you must win in average, if you are a day trader you need to win something close to 70% of your trades at minimum, if you cannot do that then day trading is not for you, but there are good news if trading is not for you then you can become a long term holder, if you do that, then your losses will only be in fiat and not in bitcoin and the only thing you need to do is to wait for the right time to sell your coins.

Anyone who wants to trade and have the mindset of trading without any single loss will only end up over working themselves emotionally. Even professional traders count losses as part of the trade, the only thing that makes it different when you have the knowledge is that the losses you make cannot be compared to the profit you make. For me, I make about 60% profit in my trade and that is good enough for me. Failure comes in when you are busy making only losses simply because you have no idea of trading and that is when the wannabe trader should be worried.

[Karmakid]

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 ?

Upon entering cryptocurrency world, I have put in mind that it is risky just like any other investment. I have few losses with my trading experience due to selling at the wrong time so I have learned that it is not just about being brave to take the risks but also being brave and eager to have more patience and wait.

[EXtremeAEX]

Investing in crypto currency itself is very risky. We don't know exactly what will happen tomorrow. Of course, using technical analysis, knowing the news background and having common sense, we enter this game and participate in it quite successfully.
Personally, I have never had any losses. I believe that loss is when you sell your coins at a price that is lower than the purchase price. At this stage, I didn't use this method. My belief in crypto currency doesn't allow me to do this. And if there comes a time when I have to sell something below the purchase price, then it will be a loss, but I will try to make it minimal and cover with other profitable transactions so that my deposit will not suffer from it.

[usekevin]

Last month ,I had faced some unforgettable experience in trading.I had brought 500$ value of bitcoin at the price of 8000$.Last month,I need some dollars for my mother medical expenses.For that expenses,I had forced to sell my holiding bitcoin at 6299$.From this ,I had come to know.We should not invest our life depended money in cryptocurrency.It will force us to lose some dollars.

[reflector]

Last month ,I had faced some unforgettable experience in trading.I had brought 500$ value of bitcoin at the price of 8000$.Last month,I need some dollars for my mother medical expenses.For that expenses,I had forced to sell my holiding bitcoin at 6299$.From this ,I had come to know.We should not invest our life depended money in cryptocurrency.It will force us to lose some dollars.

These kind of ups and downs will be there in every investment that too on crypto currency which is more volatile in the market. Hopefully you may hodling the bitcoin and altcoins with you so there is no doubt you will be recover from the failure you faced in the trading field.
Please ignore the price rate everytime. It will not define the profit unless you go to compare the crypto currencies into equation. Most of the trader do that only to say they are profitable or not.

[Rightchoice]

I think failure is obviously part of the journey and if you think that you can put this away entirely, then it will not work at all. So, that’s why it is vital we must accept losses and learn from it for a better future.

The simplest formula for me is to keep on with the latest news and updates. One latest development is Chinese controversial man LI Xiaolai, as he is again making headlines! With keeping eye on such mighty news, it is going to be easy to make decisions and avoid losing.

[fluctuations]

As far as I think 99% of new entrants investing in this market fail in trading. But you have faith, you have the patience, you learn the investment knowledge. You will succeed when dealing in this market.

[Intensity13.6]

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 experienced a trading failure is the best tool to become a better trader next time. You know experience can make us knowledgeable in many aspect of our life including trading crypto. You can avoid losses if you already know how to trade and if you have a guide  and plan.

[Indrawan77]

Losing money is a common thing in trading, usually it coat by the wrong reading of market movement, greed, or fomo without checking the market, experience is totally needed to make profit in trading, learning indicators will help to reduce the risk, find events of the coins, never believe in pump and dump group and always rely on yourself to make the trade, you can take suggestions from signal group but you need to do your own research

[anchuoinhhoc]

I'm an investor bitcoin is also approximately a few years and I have never been at a loss in any circumstance because when I traded I would expect the market tends to discount the purchase. the trend of rising competition will sell for x 2 x 3

[ngocdhbk2]

It is normal for interest or losses on Bitcoin trading, you should not stress. You need to handle the situation if the price is low, you should withdraw money and wait for another opportunity to invest, do not wait it will increase too much.

[marsmyname]

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 know that trading is risky and I had that not so good experience about it. I bought a coin durinv the ico and sold it after being listed in an exchange without knowing that it would rise higher. I didn't have a good profit because I didn't wait for the right time to sell.

Having a good control over your patience and keeping yourself up-to-date with all the latest information and things related to that of the crypto currencies is the most important thing which you need to do to make some better outcomes in trading. Trading is indeed the most difficult task to do and that you need to handle things very much carefully otherwise you might end up losing your money.

[jestbenen8]

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 know that trading is risky and I had that not so good experience about it. I bought a coin durinv the ico and sold it after being listed in an exchange without knowing that it would rise higher. I didn't have a good profit because I didn't wait for the right time to sell.

Having a good control over your patience and keeping yourself up-to-date with all the latest information and things related to that of the crypto currencies is the most important thing which you need to do to make some better outcomes in trading. Trading is indeed the most difficult task to do and that you need to handle things very much carefully otherwise you might end up losing your money.

Ups and down is always there in trading, some time you will make good money from trading while other time you will not succeeded in trading. Trading is good for those people who have the courage to bear the lost in trading, Because the chances of both success and lost is always there in trading, only depending on your experience, study and the most important is your luck.

[itscomplicated]

Losing a trade is normal to every traders, mine was when I got FOMOd when
I bought BTCTC around 14,000$ because of my bad analysis.

[Kemarit]

Losing a trade is normal to every traders, mine was when I got FOMOd when
I bought BTCTC around 14,000$ because of my bad analysis.

Well at least you can still profit when you sold at $19,000 right? Or you still hold and think that bitcoin can still go up, however, the bears took over this year.

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 ?

Apparently, we all have lost money when the bear season started and we are all trying to re-coup by shorting bitcoin or going to altcoins and at least ride the waves of some pump-and-dump coins in order to recover. I can't tell you how much I lost, probably in the 4 digits already, but hey its not the end of the world and we can still bounce back. We just need to strategize and adjust to the current market situations.

[onrise]

It is normal for interest or losses on Bitcoin trading, you should not stress. You need to handle the situation if the price is low, you should withdraw money and wait for another opportunity to invest, do not wait it will increase too much.

Trading is stressful as if sometimes the market move opposite direction of what trade we had executed. You can have sleepless night at times when you are involved with big money in trading. Also if you have patience to hold then only enter this market.