minimise possible losses in trading

[mrdeposit]

I guess we can do this by working with more reliable sources and not jumping into every opportunity. It is not possible to reduce the loss completely, for that we should not trade for it. But, with smarter risks, we can reduce the loss a little.

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[emmybd]

You can definitely make constant daily profits in a bear market situation. If you have got in-depth knowledge about the market and the price movements then you can make some profits even in difficult market situation.

[1Referee]

You can definitely make constant daily profits in a bear market situation. If you have got in-depth knowledge about the market and the price movements then you can make some profits even in difficult market situation.

Constant daily profits? The best legacy traders in the world with the best sources of information acknowledge that they some times lose for weeks straight, and you think it's possible to profit every single day in a market that's super shaky? Right.

I have seen so many people claim that trading is such a fun thing to do and that it allows them to make x % per day, yet they continue to complain about prices going down. Every semi ok trader doesn't care about the direction; volatility is all that matters for them.

In the end, traders don't even care about what coin or asset they trade. As long as there is a decent level of liquidity available, they are ready to go.

[Eildosa]

I do not really believe in forecasts, but I think that the analysis is still necessary. The main thing to understand that there is never a 100 % guarantee that it will happen exactly as you intended.

[BitcoinTurk]

I think that I can make important recommendations for many investors if I have to talk about my own thoughts and experiences. First, I would like to point out that every investor must learn to use the "Stop Loss" and "Take Profit" features before making any transactions. Although these two features cause us to suffer from time to time, in many cases they have life saving features. In addition, the other advice I can do to individuals who do trade in a panic will not do the transaction. If you think you are going to act in panic, you should immediately close the trade screen and pay attention to something else.

[GreatArkansas]

Lot of people are using 10s of indicators, draw lines and do 100s of things to analyse the market. Well I don't. The only thing I use for my trading is are the Bollinger bands.

Everyone has own technique or tool, so you should respect as we also respect your tool in trading which is Bollinger bands, using some other tools in trading is not bad, as long as they provide technical analysis on every trader. I also agree that Bollinger band is a good tool for trading, I remember before I started to trade, I also used this tool and I agree that it is good for short term trade or scalping method just like what you are doing.

My secret is very simple VOLUME!!!!

I want to ask, how do you use the volume on your trade? What specific analysis did you consider on the volume?

[mornabo]

My opinion is when a trade is doing their proper work it will always been profit for him there is no losses will happened in this meeting will be very very low percentage of possibility so if anyone getting a loss from trading it will always his mistake only not about the market will not victim for the situation.

Of course, you can't blame the market and the situation if you lose. there is a knowledge that you have to explore, so you know when the price will fall and how to manage that risk so that it doesn't harm you, all you have to do is learn it, if you lose it certainly is your fault

[Oceat]

I do not really believe in forecasts, but I think that the analysis is still necessary. The main thing to understand that there is never a 100 % guarantee that it will happen exactly as you intended.

Sentiments and analysis are very important if you want to know what would be the next move of the market and you don't have to make a wrong guess. But the market is always unpredictable that's why most professional traders are still losing but if OP tells that there is a way to minimize losses then most pro traders are doing it first but they still lose, no matter what the odds are if you still lose then that proves that the market is very unpredictable.

[LeGaulois]

To minimize the loss there is a solution that is to diversify. This can be in the form of buying 10 different coins, (or more to further minimize).
Or invest only a certain percentage of your portfolio in cryptos (let's say 25%) and the rest in other investments, whether it is gold, stocks option, funds... 25% in each investment is a lot safer than 100% on a shitcoin

~

A lot of people here think they're professional traders. One day they will apply to work in a bank, they will say on their CV that they traded $100 in ETH

[whirlcoin]

My opinion is analysing the current market and making the right Move for the the current situations will give the extra success for our work because this time we need to be more careful when we are doing any type of trading so everything will be e important to be get the profit without less amount of losses.

[guoyu78]

To minimize the loss there is a solution that is to diversify. This can be in the form of buying 10 different coins, (or more to further minimize).
Or invest only a certain percentage of your portfolio in cryptos (let's say 25%) and the rest in other investments, whether it is gold, stocks option, funds... 25% in each investment is a lot safer than 100% on a shitcoin

I firmly agree that it is always better to invest in multiple investment firms rather than just a single investment. There always is higher profits by dividing our investment into certain pairs.

There are a lot of precautions which once followed properly can avoid all the losses and can cause profits ahead but it would only depend how deep we research and on which field we are investing into. I can't predict about any other markets excluding cryptocurrency markets so i would personally try avoiding those investments and try investing into several coins and genuine ICO projects which would be worth giving it a shot.

[Bagaji]

It is very possible to minimize possible looses and at the same time make one percent profit from your daily crypto currency trading only if and only if you are a good trader and keep to your trading method and money management policy.

[wayancrypto]

Understanding the trend of market is one of the important thing in crypto trading,  we have to enter in to this market when bullish trend only. Use risk management is second important thing, we have to use stop loss and trailling stop for each trade.

[gabmen]

It is very possible to minimize possible looses and at the same time make one percent profit from your daily crypto currency trading only if and only if you are a good trader and keep to your trading method and money management policy.

Well usually it's a person's own greediness that causes losses. If you have a plan and your target is hit, be satisfied with the profit. Don't try to gamble for bigger ones because that can cause a domino effect of emotions that can very well get out of control.

[ausbit]

My opinion is when a trade is doing their proper work it will always been profit for him there is no losses will happened in this meeting will be very very low percentage of possibility so if anyone getting a loss from trading it will always his mistake only not about the market will not victim for the situation.

Of course, you can't blame the market and the situation if you lose. there is a knowledge that you have to explore, so you know when the price will fall and how to manage that risk so that it doesn't harm you, all you have to do is learn it, if you lose it certainly is your fault

There is no one to blame for the decisions we make so indeed we can't blame any errors. Now, if we consider newbies bearing profits into trading goes mostly with their luck as trading really needs a lot of skills, patience, etc to understand and act onto the graphs which would mostly clear the future of the coin.

Also there are a lot of other essentials factors which are necessary in trading and unless and until we learn them, it gets much challenging to bear genuine profits. The more deeper you go into trading the more knowledge you gain no matter you face profits or losses, always stay knowledgeable and you might surely see something goof coming ahead.

[traderethereum]

Understanding the trend of market is one of the important thing in crypto trading,  we have to enter in to this market when bullish trend only. Use risk management is second important thing, we have to use stop loss and trailling stop for each trade.

But we could also enter the market when the price is down because that will be our chance to buy any coins at a low price. After that, we don't have to do anything because we only need to wait for the price to increase higher so we can sell and make the profit. That could be a way to minimize the losses in trading, but there will be no guarantee to see the price will increase after we bought.

[mornabo]

I guess we can do this by working with more reliable sources and not jumping into every opportunity. It is not possible to reduce the loss completely, for that we should not trade for it. But, with smarter risks, we can reduce the loss a little.

Thats right, that's what we can do, with reduce risk in trading. You can do that by enriching yourself about the science of trade, strategy, and honing your skills. if you want minimize losses, what you can do is cutlose or try to recover by trading on another coin

[bitgolden]

Understanding the trend of market is one of the important thing in crypto trading,  we have to enter in to this market when bullish trend only. Use risk management is second important thing, we have to use stop loss and trailling stop for each trade.

But let me get something right, isn’t the bear market actually the right time to enter market and accumulate much coin as much as possible before the bull trend because during bull trend, price would have been too high for any investor to come in at that time, just like the bear market we just witness.

Though I am not sure if we are fully out of it, it was when market went down that many people started buying coins against the bull market, except what you mean is that it is best to trade during bull trend than bear which I equally agree with that because prices tends to fluctuate a lot then which will be a good point of entry for good traders.

[Malsetid]

I guess we can do this by working with more reliable sources and not jumping into every opportunity. It is not possible to reduce the loss completely, for that we should not trade for it. But, with smarter risks, we can reduce the loss a little.

Thats right, that's what we can do, with reduce risk in trading. You can do that by enriching yourself about the science of trade, strategy, and honing your skills. if you want minimize losses, what you can do is cutlose or try to recover by trading on another coin

HODL. For at least a year. If you're that much afraid of losses, then just put your money in a well researched coin and leave it there for a long time. Day trading is not for people who are afraid of getting losses. Though the longer you're active in trading the more you'll be ablenti cut on these losses by accumulating skills to better read the market. Actively trading would be your long term solution if you're determined to excel in day trading.

[Ipwich]

I guess we can do this by working with more reliable sources and not jumping into every opportunity. It is not possible to reduce the loss completely, for that we should not trade for it. But, with smarter risks, we can reduce the loss a little.

Thats right, that's what we can do, with reduce risk in trading. You can do that by enriching yourself about the science of trade, strategy, and honing your skills. if you want minimize losses, what you can do is cutlose or try to recover by trading on another coin

HODL. For at least a year. If you're that much afraid of losses, then just put your money in a well researched coin and leave it there for a long time. Day trading is not for people who are afraid of getting losses. Though the longer you're active in trading the more you'll be ablenti cut on these losses by accumulating skills to better read the market. Actively trading would be your long term solution if you're determined to excel in day trading.

It does not guarantee a profit, we can't determine how long do we have to hold, that depends on the situation actually.
Like last year, the whole year was bad for holders as we are witnessing how the price constantly going down, and therefore it explains holding at least a year gives profit. It has to be at the right timing,  even if you hold for 1 month but the price was already achieve, you have to sell without hesitation.