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Author Topic: My luck is very bad for crypto trading 😞  (Read 26353 times)
Opnsrc
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April 20, 2019, 04:32:02 PM
 #601

Sometimes people rely too much on luck in trading but this is just the tinny bit and there are many other factors involved. Your knowledge, skills and amalitical mind are much more important. With so much variety of coins abd so intense market you have to be able to manage all this and make decisions sharp and quickly. That is why trading is not for everyone and you can't blaim lack of luck if you suffer losses.
well, even for marketing strategies have special schools. well, new traders always feel that trading is easy. because of this, they forget information and skills that can be important points in trading. I suggest studying marketing techniques first.

If we want to get good results, we must never stop to learn. Use all kinds of information about cryptocurrencies (filter it, sure), learn also how to come to your own conclusions using it.
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April 20, 2019, 06:37:36 PM
 #602

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 never favor to Amature trader.  Trading need a lot of analysing skills,  good knowledge and practice of technical analysis and then keep an eye on day to day news and it's impact on market. There is no place of luck in trading,  it requires a lot of experience and risk taking capability to stay in crypto market. So help yourself and learn technical skills and stop blaming your luck or get out of market soon so that you don't loose more money. I wish you all the best for future.
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April 20, 2019, 06:48:14 PM
 #603

Trading is of two thing, it's either you're on the winning side or the losing side. If you're on the winning side that doesn't mean you won't be on the losing side and vice versa. The best thing to do while trading is to avoid trading with emotion. Also to be on the safe side try not to put all your eggs in one basket learn to diversify your trade. I do hope you don't stop this your hustle and keep pushing.

You said the right point. he should understand the trading system and also need to know about the trading graph. Price rise-fall depend on the graph, that is supply and demand. A piece of good news for any coin/token can change its value. It can be up more than 100% or can fall. You need to check out the future and present position of the coin.

Bitcoin is gonna hit 100K usd
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April 21, 2019, 05:20:49 AM
 #604

Sometimes people rely too much on luck in trading but this is just the tinny bit and there are many other factors involved. Your knowledge, skills and amalitical mind are much more important. With so much variety of coins abd so intense market you have to be able to manage all this and make decisions sharp and quickly. That is why trading is not for everyone and you can't blaim lack of luck if you suffer losses.
Agree, many traders are too dependent on luck so they say that their luck is small so they lose money. Even though trading isn't about luck, you can't pick and buy coins randomly on the market and hope you will profit? You have to analyze it if you want to profit
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April 21, 2019, 05:32:29 AM
 #605

Trading based on luck was never advisable. It's not gambling. Luck has half the role. If you panic sell or buy, simply don't trade cryptos. Crypto market is highly volatile  unregulated and decentralized. Such markets are prone to pump and dumps and extensive manipulation. So, it is better for you to go long term than to try chasing short term profits.
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April 21, 2019, 05:34:59 AM
 #606

Bad luck?? I guess you are trading in fomo and fud, you don't seem to apply tools and statistics. Right!
may be if you are still in loss after applying mathematical tool but in long run you will be in profit if you continue using tools, whereas if you trade in opinions and fud/fomo then likely you will end up in loss for ever.
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April 21, 2019, 12:09:31 PM
 #607

When you buy then hold it for 2-3 weeks then I think it would be better to wait even longer for coins that have high trading volume, but that is a choice. If you want to trade every day, then check before buying, when the coin has large fluctuations, then that's where you can take advantage of the moment to make a profit if you are able to do it well.

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April 21, 2019, 12:23:29 PM
 #608

Luck is important of course and I thought like this formerly, then I learned supports, resistances, moving averages fibos and then luck is not affecting me much so you need to improve yourself everytime.

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April 21, 2019, 01:17:09 PM
 #609

luck? it's not luck, but you don't learn from your previous trading experience so you make the same mistakes in every trading activity.

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April 21, 2019, 01:37:22 PM
 #610

Luck is important of course and I thought like this formerly, then I learned supports, resistances, moving averages fibos and then luck is not affecting me much so you need to improve yourself everytime.
Well, it's not the luck all the time, it is how much you have learned from your past experiences. Although luck matters up to some extent, but the most important is how much you are learning from the previous mistakes. The more you learn, the better trader you'll become. Being traders we all make mistakes in some way or the other but you have to keep an optimistic approach alongside in order to succeed...

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April 21, 2019, 02:14:19 PM
 #611

Luck is important of course and I thought like this formerly, then I learned supports, resistances, moving averages fibos and then luck is not affecting me much so you need to improve yourself everytime.
Well, it's not the luck all the time, it is how much you have learned from your past experiences. Although luck matters up to some extent, but the most important is how much you are learning from the previous mistakes. The more you learn, the better trader you'll become. Being traders we all make mistakes in some way or the other but you have to keep an optimistic approach alongside in order to succeed...
Maybe luck is on gambling only  Grin, or usually traders that really thought by other people is luck, they can analyze and know what coin or in what price to buy. Even sometime there are people who luck like put order in bottom and get their order filled when a coin get dumped very hard. Because i have seen it in Poloniex at past.

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April 21, 2019, 02:33:19 PM
 #612

The main purpose of trading is earnings. Trading is a craft for people who have a healthy mind. It is better for all unbalanced people not to engage in trading because you can lose money, that is, a person who is constantly chasing profits, looks at the monitor, counts every penny, is very stingy and very poorly behaves, he will never achieve good results.

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April 21, 2019, 02:41:03 PM
 #613

The main purpose of trading is earnings. Trading is a craft for people who have a healthy mind. It is better for all unbalanced people not to engage in trading because you can lose money, that is, a person who is constantly chasing profits, looks at the monitor, counts every penny, is very stingy and very poorly behaves, he will never achieve good results.

Trading is a mental game for sure just like poker.  Only a certain type of personality can be successful in trading, you need to be cold and mechanical, you can't be driven by human emotions which is near impossible for most people.
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April 21, 2019, 03:01:31 PM
 #614

The main purpose of trading is earnings. Trading is a craft for people who have a healthy mind. It is better for all unbalanced people not to engage in trading because you can lose money, that is, a person who is constantly chasing profits, looks at the monitor, counts every penny, is very stingy and very poorly behaves, he will never achieve good results.

Trading is a mental game for sure just like poker.  Only a certain type of personality can be successful in trading, you need to be cold and mechanical, you can't be driven by human emotions which is near impossible for most people.
Yes trading requires high patience if we want to succeed with it. You needed to never have emotion
when the price goes down after we buy and up dramatically after we sell. Such things often happen in trading.
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April 21, 2019, 03:27:38 PM
 #615

Don't thing luck. Improve your trading skills. Then easy to handle. It not easy to process. So check the the price day by day. Price is any time to change. So trading we can not always make profit. So time to acct.

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April 21, 2019, 03:54:43 PM
 #616

You have to learn to be grateful ... buy 39sat then sell 49sat
I think that's enough, how many people out there want to be profitable like you and how many people out there who often lose money in trading
after all trading isn't just about luck but also analysis, news and others

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April 21, 2019, 04:01:10 PM
 #617

In fact, we don't need to be too concerned about its price every day or every hour. We only need a reasonable investment plan and set a reasonable profit target. You will place a sell order and place a stoploss order to avoid risks. It is the best way to save you time and not be too worried about its price.

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April 29, 2019, 12:27:19 PM
 #618

There is no place for luck in trading, you have to earn by a well-planned trading strategy, which takes into account all the risks, if you are lucky, this is not a reason to deviate from your strategy.

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dat.ho12492
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April 29, 2019, 03:11:53 PM
 #619

There is no place for luck in trading, you have to earn by a well-planned trading strategy, which takes into account all the risks, if you are lucky, this is not a reason to deviate from your strategy.

Luck is still a part of trading but it only takes a small part in trading, the rest will be the strategy and skill of the trader but although luck is very small but the effect of luck is really big in trading because even if you have good strategies, analyze and perform as expected, but if you lack luck, success doesn't come to you, many people have fallen into the same situation, unlucky and unsuitable for work, it pushed them into failure or no development at work, so agree that we don't rely too much on luck but we still need it

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sulendra12
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April 29, 2019, 04:46:54 PM
 #620

There is no place for luck in trading, you have to earn by a well-planned trading strategy, which takes into account all the risks, if you are lucky, this is not a reason to deviate from your strategy.
Really? Luck is somewhere important on trading, it doesn't matter of how long you have been checking the price but once you want to sell it then luck is not by your side. in occasional cases, luck is way more better and gain more than hard work.

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