My luck is very bad for crypto trading 😞

[yanto@1977]

I think my luck is very bad. I can not earn good profits on cryptocurrency trading any day. An example of this is Doge coin. I invested in Doge coin probably 2 months ago. Which I bought 39 satoshi and bought a total of 126000 doge coins. It was almost 2-3 weeks, I did not check the price. But when I check price on coinmarketcap a few days ago, see Doge coin 100 satoshi cross. After that I was very happy. But when I login into exchange, for selling Doge coin, I was shocked, seeing that my coins were sold in 49 satoshi. I did not remember when I had a sell order. After seeing that I was upset. That was not the first time, before several times, I could not sell many coins at a good price 😞


But finally, an education has realized that if you buy a coin for long or short time, then you should check price minimum one time every day.

Bad luck will give you experience to chose what the best for next open position, don't regret it. We all learn from experience and that not cheap, wasting time and make us stress. I can't say anything about luck but trading/ invest is not gambling and nothing connect with luck, it's all about you as the main player.

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[Baggong]

This is common and happens to many people, the biggest factor that makes it difficult for us to profit is because the market is dropping so it is difficult to get profit like last year.

[lornadane]

I think this incident happened with every trader! It is a normal matter in the crypto? Sometimes your favorite coin may dump to bottom, sometimes your ignored coin may pump to the sky high! So, you shouldn't be upset, because now you know something how the crypto market goes and how to manage it! At least you got some profits! One day, you will make huge profits, no worries. Best of Luck.

[carlisle1]

I also have bad experience yesterday,  i bought XRP afew week ago with the price 0.33 USDT and after that the price dump to 0.26 USDT and i have to wait about 3 week to recover that loss by sold XRP by price 0.33, but after sold it, the price going up more others 60% , so i miss big profit.  Lesson learned, should be i use stop limit order so i will not miss that big profit.

Eow you and OP has been both missed the good chance by not having a proper set up for trading,when OP don’t remember putting selling limits so when the price reached the price it automatically sold the coins,while you have forgotten to put the stop loss limit for safety trading.better you both have exchanged ideas to become botj good traders

[millensharon8]

You have to spend more times for analysis price action and fundamental of each crypto, currently there are some altcoin was going up to 100% just in 1 or 2 days, and this good situation to make good profit. To earn maximum profit we should more focus, keep patient and set target profit monthly and avoid greedy.

Technical analysis, keen observation of the market situation, collecting information from crypto trading experts will make you perfect. You may also spend some time with a crypto trading expert. He will teach you the tactics of crypto trading. When you have all these things, no doubt you will succeed. I also admit that luck is also a factor for making money but not everything.

That is it! However, these are some of the things that a lot of people do not know when it comes to trading because they think is about luck. Making a market decisions means you have to be informed of a whole lot of things when it comes to the condition of the market most especially and the condition of the market is one thing you will find hard to know when you do not even know what you should be looking for at every point in time.

Crypto trading or trading in general requires a lot, and decisions will always have to be made, and the knowledge you have in understanding the market is what would help you to be able to make pretty good decisions every time.

[deisik]

Only those who just buy whenever they want or sell wherever they want without even using stop loss irrespective of where the market is headed, will always have it difficult when it comes to taking advantage of the market gains. I absolutely believe that anyone who see trading as a profession, have a strategy, will always not depend on luck to make a successful trade.

That's not a good idea, honestly speaking

Indeed, you shouldn't depend on luck. In fact, you should do everything to make your profits independent of luck as much as possible. In this way, you will be able to make consistent profits, provided you find the right approach. But while this approach may have a lot of benefits, it has its downsides too. It is all psychology. When you put yourself in this mode of thinking, i.e. excluding luck completely, you may be losing perspective and focus (or rather shift it) as luck plays a very important role. If you set up yourself this way, you will be inclined to discard luck when it presents itself. And that is not a good idea as luck is basically a shortcut to what you may be craving

[velive08]

very bad luck for crypto is not used as an excuse to give up, you can continue to use crypto and hone skills or skills so that at other times luck can side with you and also trading requires patience not only about defeat or victory but the trading process that must be followed,

[clarkgeneral86]

In the crypto market it is never luck for anyone it requires the participant to have a basic knowledge of the market. You do not have to invest money and win. That requires investors to grasp the rules of market value go up and down very quickly without the precaution you will fail in this world. Our destiny is dependent on our experience and knowledge our tactics.

[nwanne]

It happens to most of us, it's not really your fault, what you need to do is this, when you believe in a coin, invest in it and don't be in a rush to sell the coin but hold on to it until it makes the desire profit you want before you can sell it.   

[cunguks]

I don't think that was bad luck. You earn profit. It means you're not losing your money. It increases than your first capital. What I thought about bad luck is when we did work hard by searching and analyzing, we still end up with no profit because the chosen price isn't reached yet. Trading is actually annoying, but it trains people to think carefully. It could be fun in some ways as well.

[MrVuuu]

Do not rely on luck in a business like trading. Relying on luck, you just play the lottery. It turns into a gamble. And in general, I believe that good luck for the weak

[Dreamchaser21]

This is common and happens to many people, the biggest factor that makes it difficult for us to profit is because the market is dropping so it is difficult to get profit like last year.

The market really affects our trading, but its hard to trade without having a proper knowledge about cryptomarket. You may believe on luck but you should not depend on it because its too risky for you. We can still earn money while the market is dump, just wear enough knowledge in trading and its possible.

[Sacrib]

To trade cryptocurrencies require a lot of knowledge and practicing! It can means a lot of bad experience, but in my opinion this is the best way to become a good trader, if you find your own way, and what is the best for you!
This is definitely not about luck!

[arbk04]

do not look in that way but you can see from the other part of the glass like how you prove yourself and learn different things from this situation.

[Finestream]

To trade cryptocurrencies require a lot of knowledge and practicing! It can means a lot of bad experience, but in my opinion this is the best way to become a good trader, if you find your own way, and what is the best for you!
This is definitely not about luck!

If you cannot experience bad experiences in the first place,then you will not be mold into a good trader.I believe this is not just about luck,patience is also what we need most.Things may not come in our own expectations,but if we will be patient,everything will be in its right timing.

[Yatsan]

If you believe luck has to be responsible for your woes in cryptocurrency,  I will say it is not the same for millions of people trading and investing in cryptocurrency.  I think luck has little to do with the level of success you enjoy in cryptocurrency,  skill and proper understanding of cryptocurrency and good planning does!

Yes, I believe that every people that is making trading currently having same luck over and over again. But that luck doesn't define them and their earnings. They still go on snd moved on because nothing will happen if you will only stick to that thing and will not earn any profit. Having bad luck is psrt of a life showing the destiny are not always favor in your side.

[sarul]

I think this incident happened with every trader! It is a normal matter in the crypto? Sometimes your favorite coin may dump to bottom, sometimes your ignored coin may pump to the sky high! So, you shouldn't be upset, because now you know something how the crypto market goes and how to manage it! At least you got some profits! One day, you will make huge profits, no worries. Best of Luck.

Yeah It's exactly a normal thing. If there's no pump and dump, traders can't earn profit and exchanges will be gone. It's like playing puzzles where each coin have the turn when he will be rise and I thought it will also depend on their community or their supporter.

[leonix007]

I think this incident happened with every trader! It is a normal matter in the crypto? Sometimes your favorite coin may dump to bottom, sometimes your ignored coin may pump to the sky high! So, you shouldn't be upset, because now you know something how the crypto market goes and how to manage it! At least you got some profits! One day, you will make huge profits, no worries. Best of Luck.

Yeah It's exactly a normal thing. If there's no pump and dump, traders can't earn profit and exchanges will be gone. It's like playing puzzles where each coin have the turn when he will be rise and I thought it will also depend on their community or their supporter.

Missed the train ride and became upset?

its what you called a FOMO

Don't let that eat you up, there's a lot of train still passing by

Timings are sometimes connected to luck, however it doesn't end there

If you woke up and forgot to set things up, stop limit/stoploss, etc..

then its a lesson that should be aware of

[tbterryboy]

This is serving as a learning process for you in this market. Do not be discouraged by what happened. At least, their was profits in it. Just make sure you make the right decisions no matter how little the profits are

It is not only luck dependent but mainly it is depending upon the knowledge you have about the crypto world. If you are making it gambling and saying that luck is here then you are wrong and is irrelevant to say like this. Being disappoint here does not make sense because if you are doing wrong then you have to proceed towards the actual and real knowledge how to stay successful here is the right solution.

[chocolah29]

To trade cryptocurrencies require a lot of knowledge and practicing! It can means a lot of bad experience, but in my opinion this is the best way to become a good trader, if you find your own way, and what is the best for you!
This is definitely not about luck!

If you cannot experience bad experiences in the first place,then you will not be mold into a good trader.I believe this is not just about luck,patience is also what we need most.Things may not come in our own expectations,but if we will be patient,everything will be in its right timing.

And losses is a fraction of trading and so this should be anticipate by traders, surely at first it's vital but along the way it will all make sense. Don't let losses overtake you but treat this as a challenge. Market is too unsteady for us but if we utilize this, it will make everything clear. Though sometimes, we had more losses than profit but this shouldn't stop us, we wouldn't know when will be our favorable day.