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Author Topic: My luck is very bad for crypto trading 😞  (Read 26353 times)
Captain_Planet
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September 22, 2018, 03:20:32 PM
 #41

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.

Probably you had set an advance order, that is why we should avoid setting advance orders when holding long.
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September 22, 2018, 08:28:16 PM
Merited by BitHodler (1)
 #42

I genuinely do not think I've ever made a good trade in my whole life. I always buy or sell at the shittest moment possible. My last was Byteball I think which is now 20x down in BTC terms.

Luckily I know perfectly well how useless I am so I just sit there and do nothing these days.

If I was to leave an order open I'd have to be extremely certain about what I wanted and I'd probably step it as well.
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September 22, 2018, 10:23:08 PM
Merited by gentlemand (2)
 #43

I genuinely do not think I've ever made a good trade in my whole life. I always buy or sell at the shittest moment possible.   
Doesn't happen very often that I see people flat out admit that they suck at trading. It's a pure form of honesty that prevents you from making the same mistakes the far majority here make over and over again.

What I can't stand is that people think trading is a fun thing or that you can earn a certain amount every day as long as you dedicate enough time to trading. If it was like that, a lot more people here would be filthy rich by now.

Trading for most people is a losers game. You can't time the market, therefore it is gambling. You're either right or wrong, even with technical analysis. Hodling means no stress and no endless staring at price tickers.

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September 22, 2018, 11:04:04 PM
Last edit: September 22, 2018, 11:19:45 PM by gentlemand
 #44

What I can't stand is that people think trading is a fun thing or that you can earn a certain amount every day as long as you dedicate enough time to trading. If it was like that, a lot more people here would be filthy rich by now.

Trading for most people is a losers game. You can't time the market, therefore it is gambling. You're either right or wrong, even with technical analysis. Hodling means no stress and no endless staring at price tickers.

Yes. It's an ongoing mystery to me how trading here is considered as perfectly wonderful and natural as breathing. If you trade, your victory is in the bag before you even log in.

In reality many people fuck themselves until there's nothing left. If you don't fuck yourself there's a chance your exchange will.
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September 22, 2018, 11:06:15 PM
 #45

You have selling orders and once they reach that amount automatically sell that. I suggest next time not all of your coins set to sell order incase you want to wait more months or even years. But the things you do is safe investment they have advantage and disadvtange of using of that.
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September 22, 2018, 11:09:30 PM
 #46

If you bought your tokens and waited for a couple of weeks to trade it off, you are not really a (day)trader, you are more of a short or medium term investor or hodler. For best results, you really do not have to rely on good Luck, you will need to devote time to study, learning the curve.It is also good practice to always keep an eye on your portfolio to know how price progresses. You could guard the value of your tokens by using a stop loss along the way, it helps you keep its value within a certain range, that is why i now practice at the moment
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September 22, 2018, 11:09:58 PM
 #47

Do not depend your trading work in the luck
Trading job is serous job need to focus how can earn profits using your skills and knowledge
But we all know whe the bitcoin price was start to dump it's difficult to choose coins who's potentially to increase

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September 22, 2018, 11:15:02 PM
 #48

indeed the reality of trading is very different, and we who continue to get the impact of losses? then who benefits? I think they are the Whales who must have gotten a place first before manipulating prices.

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September 22, 2018, 11:34:44 PM
 #49

maybe you just need to be able to control the patience you have and make sure you don't buy coins when the price becomes very expensive, don't let you be affected and panic.
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September 23, 2018, 03:37:06 AM
 #50

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.
I think it is ok, you already profit with that even only a little. Maybe not only you but some people usually regret when they sell their coins in cheap price and then it increased. That is how we get tested how we be grateful with what we got.

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September 23, 2018, 05:28:15 AM
 #51

I prefer to sell with 2 parts, I will sell a minimum of 5% profit and both get a minimum of 10-15% profit. So we will not lose the moment of profit.
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September 23, 2018, 05:30:38 AM
 #52

You need to be patient, I wasn't very lucky as a long-term holder in 2018 and saw my portfolio literally obliterated. Now I try to day trade for a little bit to try not to see my capital totally die and to survive during this bear market and yes it is very hard I agree, but you mustn't give up that easily. Crypto is still an emerging financial market and we are in the very early stages of it. Everyone says next bull run will be much bigger than the last so if it is, I want to make sure I still have a few decent bags to hold.


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September 23, 2018, 07:42:22 AM
 #53

You have to be more focus to analysis each crypto to know which coin still on the bottom and has potential to moon shot. If that coin have any good rumor and news and to make bigger profit from it, its better use trigger as trailling stop order so we will not miss high profit.

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September 23, 2018, 08:13:30 AM
 #54

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.

At least you are not in a big lost, you are still in a profit. Good to see that you realize the mistake and it can help you to do better trade in the future. Monitoring the price is a must, there are many applications that can be used to monitor crypto's price. It will be easier for you to manage your trading activity because you can set a notification when there price is changing no matter going down or up.

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September 23, 2018, 01:44:28 PM
 #55

Yes, you need to periodically check the rates of tokens that are in the portfolio and fix the profit from them, otherwise you can generally stay without it
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September 23, 2018, 02:02:20 PM
 #56

I prefer to sell with 2 parts, I will sell a minimum of 5% profit and both get a minimum of 10-15% profit. So we will not lose the moment of profit.

Nothing bad when you bought at low price of crypto, and everything will become profitable when the right time comes. Don't be too rush on your decisions, because you might be panic if you will not be in controlled with your emotions.

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September 23, 2018, 02:04:31 PM
 #57

Profit is a profit. You can't magically sell your coin at the top of the market. Just receive your profit, and take a lesson on your trade. And I don't think that profit isn't good profit, maybe you just biased by how high the coin goes instead focusing on your trade gain.
I going to say the same thing. Anytime that u made a bit of money is a good thing .Worst if you bought during the peak

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September 23, 2018, 02:14:37 PM
 #58

i also have bad experience,because i bought cardon for one month ago, that time it price was 0.16 but this month first week it price was 0.07 so this is my bad experience in trading, so we don't expect any thing here. 
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September 23, 2018, 02:28:49 PM
 #59

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!
Trading is a profession and you certainly need to give it your time, energy and some level of dedication to learning when it comes to it.

Luck is something that could just happen when it comes to a market reaching a certain unexpected point, but as it is, I am sure the OP himself must have set the 49sats without knowing, but he should also understand that he can win it all and there will always be another good buying opportunity in the long run.

At least, he made some profit, which is something good enough. What if the market decided to return back after hitting the 49sats mark ?
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September 25, 2018, 06:27:36 PM
 #60

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.
The core reason why your luck factor is not favoring you is, you are not focusing for long term. If you are so, then probably you might have withdrawn your coins into cold storage and you might have enjoyed lots of profits. Who else would have set the sell order if you are not the one and why will you ever be trading at all without at least having some way to monitor your trade once in a while. I would not call that unlucky as you at least was able to make some good profit from your trade.

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.
In my experience, you never need to check your coins' prices everyday it is a thing of day-trading and definitely not for crypto world. Another important thing now is to just look for a better point of entry again, but at this time, it is obvious the doge market is correcting. Trading is not gambling, so luck really does not play much part in it.

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