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Author Topic: My luck is very bad for crypto trading 😞  (Read 26360 times)
Aion2n
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September 25, 2018, 06:44:32 PM
 #61

If your coins are sold, it means only that you created a order for sale. The coins themselves could not sell themselves. And this is not a matter of luck.
I think you need to deal with the subtleties of the exchange on which you work. There is probability that you are trading in the margin trading section, and you don't realize it. I met several people who traded with margin, but they were confident that they were just trading on the exchange. Then the only thing that helped them to understand, is that from their accounts periodically disappeared currencies.
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September 25, 2018, 06:48:47 PM
 #62

Trading is not gambling, so luck really does not play much part in it.

Exactly. OP, no offense, but trading is not by everybody. If day trading doesn't seem to work out, maybe a better approach would be to find a couple good projects (Bitcoin and a few alts) and consider holding for longer time (years). There's a good chance that some of those will grow nicely in such amount of time.

Of course, this is my opinion. OP, you have to decide for yourself what suits you better. You know that should not get investment advises from random people over internet, right?

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September 25, 2018, 06:51:19 PM
 #63

You still gain a little. Don't get upset, just like the crypto rule says, don't let your emotions overcome you. Slowly but surely you will learn more, a little step forward is still a progress Wink
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September 25, 2018, 08:17:41 PM
 #64

I will suggest you always set your order before hand so that when the price gets at the level you want to, the order will execute, with this you don't need to be checking price every day rather you will be checking to see if your order has executed.

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September 25, 2018, 08:52:04 PM
 #65

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.

This type of accidents are very common when you start in the business of crypto trading, because it is common that when we see a fairly quiet market we tend to put a short take profit, and although this can be quite practical most of the time, also it prevents us from enjoying the great profits that an unexpected pump can offer us.

But as you say, we must take it as part of our learning process, although ultimately in a market as unpredictable as this is practically impossible to be prepared to take advantage of each pump, otherwise it would be very easy to get rich in this market, and although perhaps many achieved it last year, for the vast majority it is still a challenge to identify the exact moment to enter or exit the market.
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September 25, 2018, 09:03:15 PM
 #66

I tried to trade for short periods in 2017 and failed since I was leaving positions too early or entering too late. Trading did not give a profit and sometimes make losses. I bought Ethereum and Bitcoin and invested them for a couple years. I am not happy about the state of today's market but it is better than survive every day doing fast trading for short periods.
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September 25, 2018, 09:44:50 PM
 #67

I tried to trade for short periods in 2017 and failed since I was leaving positions too early or entering too late. Trading did not give a profit and sometimes make losses. I bought Ethereum and Bitcoin and invested them for a couple years. I am not happy about the state of today's market but it is better than survive every day doing fast trading for short periods.

That's why I started day trading. I found this friendly crypto community where we daily discuss and trade
different coins. Also we've got daily free updates and trading ranges, so we can easily grow our investments by 1-3%.
If interested check it out at: https://discord.gg/2cjRufh
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September 26, 2018, 12:38:19 AM
 #68

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.
like that it is not a problem of luck or not, you are too careless when setting prices if that is the case, for the exchange itself will not be responsible when there is a customer who misplaced the price, and talking about luck in Cryptocurreny trading in my opinion that is not enough , if you do trading at least use analysis don't just buy it
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September 26, 2018, 01:10:42 AM
 #69

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.

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Budi888
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September 26, 2018, 07:13:47 AM
 #70

coin or token sales may be more influential if balanced with efficient and orderly steps. big capital is also needed in operating it. Today, the price may be cheap tomorrow a week, two weeks or a month the price is also uncertain, yes that's what often happens when buying and selling coins. the market price which is arguably quite positioned. maybe by way of step by step steps there will be a favorable situation for us. isn't it very profitable if inside we want to play an active role in speculating the beginning and end in buying and selling coins ..... -+-+-+🙃🤔
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September 26, 2018, 08:09:42 AM
 #71

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.
Of course profit is nothing else but profit but here the author is upset with his decision making power due to which he did not cash his coins when the market was green and not blame his luck to be bad. I say there is not influence of luck in business. There are so many people out there who are upset and holding their coins for long. Why are all the people getting unlucky at the same time? Bear in mind there is no luck. It is rather a probability theory of life.
OrangeII
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September 26, 2018, 08:45:00 AM
 #72

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.
well, in crypto trading, I'm also not very talented. the thing that I feel most often is when I sell the altcoin that I have, the price tends to rise. well, but I'm grateful, at this time I have avoided so many great losses.


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September 26, 2018, 09:28:40 AM
 #73

Investing is primarily a project analysis, its potential and the need for a real sector, but as for trading, this is the main calculation of risks and the strategy is economically justified
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September 26, 2018, 09:31:38 AM
 #74

Crypto trading is also a kind of investment. If you need a quick money, just buy and sell quickly without paying too much emotions. If you want a handsome sum in the future, you shall carefully choose those companies with great competitive potentials including strong R&D development ability and sound team members.
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September 26, 2018, 09:33:12 AM
 #75

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.

if you are doing trading you should monitor the coin price every hour of the day so that you cant miss something in the market as a trader you should do that because every moment that the market moves it counts.
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September 26, 2018, 09:33:25 AM
 #76

No need to despair, now is the most convenient time to enter the market and it is necessary to consider the long-term option of investing in such a market and fix the profit
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September 26, 2018, 09:51:01 AM
 #77

 I have failed like you and I think we need to know that it does affect our morale. Or you can place a sell order at your desired level so that there is no regret when you can not sell at that price when not online.

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September 26, 2018, 10:50:37 AM
 #78

At least you have not sold them at loss. But next time you have to be more careful. If you do not intend to monitor the market everyday, it is better not to place order on exchange because the magnitude of the fluctuation of the market could be very large.

Welcome to feeless future! (https://discord.gg/tdN4ue6)
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September 26, 2018, 12:14:46 PM
 #79

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.

Luck has no correlation with your trading, I believe you don't analyze market trend first and push too hard open position with your asset. You should have good preparation because trading is not easy and can make rich become bankrupt in second. Learn basic knowledge ( risk, money management, psychology ), practice with demo account and then open position on real market. You should do that step by step, never enter the market depend your faith and dream only. Think again if necessary just cut loss it.

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September 26, 2018, 12:18:18 PM
 #80

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
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