minimise possible losses in trading

[QuadsPoker]

I read multiple posts and threads about people loosing money with trading. My opinion is that every single person can become a profitable trader and you do not need to be a specialised trader to make consistent daily profits.

Most of the traders or 'wannabe' traders loose money because of several reasons.

- Enter the markets at the wrong moment.
- Put too much in a single position that doesn't leave them balance to enter the market at lower points.
- get caught by greed.
-.....

Sometimes when reading through posts and replies I get confused. Some things I very often read.

- no money can be made during a bear market situation.
- Making consistent daily profits is impossible
- educate yourself well before starting to trade
- you must follow news, trends and project updates
- ......

Then I probably am the most atypical trader in the world.


First of all I want to mention I do not give a sh*t about any coin, I never spend time on reading the crypto news, trends or updates. I do not care about any coin or project. I even do not care about blockchain technology in general.

Do not get me wrong, I am a strong crypto believer and 30% of my personal holdings are in crypto but I didn't invested a single dime of my own money in long term holdings. I only used profits I made with trading during the previous 3-4 years to invest in a long term portfolio.

But I approach Crypto as my personal cow that is providing milk (lots of milk) on a daily basis.


My trading

Everyone tells people to educate well before starting to trade. 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. It took me exactly 1 hour to learn how to use this strategy and since then I am making money on a daily basis.

Lot of people tell that making consistent profits is impossible. Now I say it is possible. I make an average of minimum 1% profits on a daily basis on my total trading balance. I even managed to let 100€ grow to over 6000€ in 1 year by only using 1 single trading tool or indicator.

My secret is very simple VOLUME!!!!

I always enter the market at a point with the general idea to get out of the market latest 3 hours after I entered. But to be honest in 75% of the cases I even get out of the market within 30 minutes after I entered. This process I do about 50-100 times every single day. I rather take 0.5% profits multiple times a day than just enter the market 3 times in a day and see 2 of the taken positions turn out in a loss and get stuck with that position.

I jump in and out 50-100 times a day with 1-5% of my entire balance per trade. By trading so much volume you can significantly decrease possible losses and can make it possible to close 90-95% of your trading days profitable.
So if people are telling 1% average daily profits is impossible, I tell they are wrong, it is possible.


I do not care about coins, blockchain or developments I only care about making money and that is what I am doing.

I am not an expert trader, dont use lots of indicators, dont do analysis but I am making plenty of money.



And guess what? The sh*t I am doing seems to work.

I moved to Spain 4 years ago and since they the only thing I do is making money with crypto trading. Since then I can make a daily living from trading even if I am not a well educated or expert trader. I trade A LOT and very efficiently.
Lot of people dream to make a living from trading. All I can say is that it is possible even if you have not that much to start your journey to achieve the ultimate goal. But I am sure everyone can make a living from trading. But depending on the amount you can start with will determine how long it will take until you reach the point of the ability to make a living from your trading profits.


So do not get demotivated. If you have a dream and a plan you can achieve everything you want. I did it and know everyone can do it.

It can even be done with only a starting balance of 100-200€ starting balance. One of my friends started his journey together with me with only 200€ to start with. Now after 2 years he is making 500-1000€ profits monthly without ever adding extra money. He just stick to the plan. He set his goal to become a fulltime trader by beginning of 2020 and I am 100% sure he will succeed, because he sticks to the plan.



So people if you have a dream, just stick to your plan. Set up daily , weekly , monthly and yearly goals and do not change your plan until you reached your dream.

Conclusion

It is possible to minimise your losses to a bear minimum by using the right method. And making 1% average daily profits are possible

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[MMS2017]

In my opinion if you are aware of the market that what is coming in the future and what is the strategy for the upcoming time then i think that you can minimize the losses by doing appropriate decisions in the ready time and trading is a very sensitive job so here the profit and losses chances are high and for us crypto is valuable so if we earn profit we become more interested and if loss we hesitate for the second time.

[QuadsPoker]

In my opinion if you are aware of the market that what is coming in the future and what is the strategy for the upcoming time then i think that you can minimize the losses by doing appropriate decisions in the ready time and trading is a very sensitive job so here the profit and losses chances are high and for us crypto is valuable so if we earn profit we become more interested and if loss we hesitate for the second time.

true, for some people a good analysis is necessary but with the tool Bollingers I use there is no study necessary. I just pick up every spot that suits the strategy, no matter what coin or shit coin it is. In this way I take about 75%- 85% winnings trades on a daily basis. The profits I make on this 75-80% cover the losing trades. So in general I close my day profitable in 90-95% of the cases

[arpon11]

Of a truth many of us invested into cryptocurrencies market at a wrong time.  No one wants to buy the dip and we always jump in when the market is in green.  The rule said "buy low or in the dip,  sell high that is in the pump" but many traders refused to follow the foregoing analogy.  If you want to makes money from cryptocurrencies market you must be patience with the market as many of us really like endurance,  only those that has patience with the market really make money from the market and the in enduring on always lose money.

[St4yInTh3D4rk]

My opinion is that every single person can become a profitable trader and you do not need to be a specialised trader to make consistent daily profits.

Every single trader can't be profitable at the same time,since trading is just creating money from the loss of other trader so if youa re making money here means someone is losing their money on their hand.

[Queensheart]

My opinion is that every single person can become a profitable trader and you do not need to be a specialised trader to make consistent daily profits.

Every single trader can't be profitable at the same time,since trading is just creating money from the loss of other trader so if youa re making money here means someone is losing their money on their hand.

Loss minimization is the second name of profit maximization and it can be done by not trading in the down market. In addition, if there is opportunity to own coins at low cost, it should not be wasted. These are the ways to go good in cryptocurrency market.

[BlackPanda]

My opinion is that every single person can become a profitable trader and you do not need to be a specialised trader to make consistent daily profits.

Every single trader can't be profitable at the same time,since trading is just creating money from the loss of other trader so if youa re making money here means someone is losing their money on their hand.

Loss minimization is the second name of profit maximization and it can be done by not trading in the down market. In addition, if there is opportunity to own coins at low cost, it should not be wasted. These are the ways to go good in cryptocurrency market.

If we don't trade when the market is low, we can't get anything. Even though there are still opportunities that we can use, when the market is low, we can buy coins with a larger nominal amount, this is a long-term strategy because we are indeed required to wait for some time. Don't just be quiet because silence won't get anything. The world of trading is indeed hard, but we must be able to try because it will give us many results.

[charlotte04]

I read multiple posts and threads about people loosing money with trading. My opinion is that every single person can become a profitable trader and you do not need to be a specialised trader to make consistent daily profits.

Most of the traders or 'wannabe' traders loose money because of several reasons.

- Enter the markets at the wrong moment.
- Put too much in a single position that doesn't leave them balance to enter the market at lower points.
- get caught by greed.
-.....

Sometimes when reading through posts and replies I get confused. Some things I very often read.

- no money can be made during a bear market situation.
- Making consistent daily profits is impossible
- educate yourself well before starting to trade
- you must follow news, trends and project updates
- ......

Then I probably am the most atypical trader in the world.


First of all I want to mention I do not give a sh*t about any coin, I never spend time on reading the crypto news, trends or updates. I do not care about any coin or project. I even do not care about blockchain technology in general.

Do not get me wrong, I am a strong crypto believer and 30% of my personal holdings are in crypto but I didn't invested a single dime of my own money in long term holdings. I only used profits I made with trading during the previous 3-4 years to invest in a long term portfolio.

But I approach Crypto as my personal cow that is providing milk (lots of milk) on a daily basis.


My trading

Everyone tells people to educate well before starting to trade. 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. It took me exactly 1 hour to learn how to use this strategy and since then I am making money on a daily basis.

Lot of people tell that making consistent profits is impossible. Now I say it is possible. I make an average of minimum 1% profits on a daily basis on my total trading balance. I even managed to let 100€ grow to over 6000€ in 1 year by only using 1 single trading tool or indicator.

My secret is very simple VOLUME!!!!

I always enter the market at a point with the general idea to get out of the market latest 3 hours after I entered. But to be honest in 75% of the cases I even get out of the market within 30 minutes after I entered. This process I do about 50-100 times every single day. I rather take 0.5% profits multiple times a day than just enter the market 3 times in a day and see 2 of the taken positions turn out in a loss and get stuck with that position.

I jump in and out 50-100 times a day with 1-5% of my entire balance per trade. By trading so much volume you can significantly decrease possible losses and can make it possible to close 90-95% of your trading days profitable.
So if people are telling 1% average daily profits is impossible, I tell they are wrong, it is possible.


I do not care about coins, blockchain or developments I only care about making money and that is what I am doing.

I am not an expert trader, dont use lots of indicators, dont do analysis but I am making plenty of money.



And guess what? The sh*t I am doing seems to work.

I moved to Spain 4 years ago and since they the only thing I do is making money with crypto trading. Since then I can make a daily living from trading even if I am not a well educated or expert trader. I trade A LOT and very efficiently.
Lot of people dream to make a living from trading. All I can say is that it is possible even if you have not that much to start your journey to achieve the ultimate goal. But I am sure everyone can make a living from trading. But depending on the amount you can start with will determine how long it will take until you reach the point of the ability to make a living from your trading profits.


So do not get demotivated. If you have a dream and a plan you can achieve everything you want. I did it and know everyone can do it.

It can even be done with only a starting balance of 100-200€ starting balance. One of my friends started his journey together with me with only 200€ to start with. Now after 2 years he is making 500-1000€ profits monthly without ever adding extra money. He just stick to the plan. He set his goal to become a fulltime trader by beginning of 2020 and I am 100% sure he will succeed, because he sticks to the plan.



So people if you have a dream, just stick to your plan. Set up daily , weekly , monthly and yearly goals and do not change your plan until you reached your dream.

Conclusion

It is possible to minimise your losses to a bear minimum by using the right method. And making 1% average daily profits are possible

There are not wrong and right moment to enter the market. You just have to see whether that would be a good possible outcome to enter and also exit when you feel it's wrong.

[Tytanowy Janusz]

Yep. Fundamentcial analysis works only for long term trading and is totally useless for daytrading. All i need to know before entering coin is:
1- volume - high volume coin are acting more technical - easier to predict. Low volume coins are beeing pushed up and down with every order made by middle trader (not even a whale)
2- volatility - high volatility coins for lower bets (high risk high reward) low colatility coins for low risk low reward. Volatility is often increased after pumps or dumps.


Bolynger bands dont work in my opinion. Well it might work for specyfic market condition that let you earn but for sure different market condition will come and suck all your profit if you wont stop trading seeing your depo shrinking. I heard dozens times that earning form trading is easy. Same guys few months later was borrowing money from me fro his next depo (first was zerowed). Remeber - the biggest losses are preceded by the highest self-confidence. My ass was so manny times kicked on market that now, when im on big profit and start to fill to confidence i sell everything and take a break.

Personally i do not use any trading indicator. Supports and resistance and price action with volume during hitting those. If price is closing to support and slowly loosing volume means that big investors want to exit but dont want to break support to exit on better levels. When volume is increasing hitting support means that someone is buying the deep.

[deandree]

every single person can become a profitable trader

Market is a zero sum game. For someone to win, someone else must lose. Markets follow similar distribution as money/wealth does in real life - small % of people hold most of the wealth in the world. Therefor, for you to win in market, you have to be top X% player. Why do you think statistics say 90%+ retail traders lose money in markets?

[justspare]

I would say another way of minimizing is to divide your income into multiple time periods. I have been following this rule for a while now (about since summer or so but haven't done it properly) and it has been working great. If I wanted to invest all my money at once than I would have bought bitcoins at around 7.200 dollars and that would mean I would have been down about half of my investment.

However, instead of putting all my money in at the same time I have divided that into multiple time periods like weekly or monthly (depends on when I have money) and now my averages are about 4.800 dollars, not great still quite horrible but thanks to me buying at even 3200 levels the price averages went down well and that helped me out a lot. It is really a great way of never being at risk for a sudden drop since you always have cash to keep buying.

[exstasie]

I jump in and out 50-100 times a day with 1-5% of my entire balance per trade. By trading so much volume you can significantly decrease possible losses and can make it possible to close 90-95% of your trading days profitable.
So if people are telling 1% average daily profits is impossible, I tell they are wrong, it is possible.

I have respect for the art of scalping, but it takes a certain kind of trader and requires significantly more effort than simple swing trading and trend riding. It captures lots of small wins, but you often miss out on major moves by exiting way too early.

I prefer to build a core position in the direction of the current trend, then trade around that core position with smaller trades. That way, I never lose exposure to the larger move. I probably only trade 1-3 times a week though, using the 1H or higher time frame charts.

[milewilda]

I jump in and out 50-100 times a day with 1-5% of my entire balance per trade. By trading so much volume you can significantly decrease possible losses and can make it possible to close 90-95% of your trading days profitable.
So if people are telling 1% average daily profits is impossible, I tell they are wrong, it is possible.

I have respect for the art of scalping, but it takes a certain kind of trader and requires significantly more effort than simple swing trading and trend riding. It captures lots of small wins, but you often miss out on major moves by exiting way too early.

I prefer to build a core position in the direction of the current trend, then trade around that core position with smaller trades. That way, I never lose exposure to the larger move. I probably only trade 1-3 times a week though, using the 1H or higher time frame charts.

Swing trader or scalper do have advantages and disadvantages when it comes on scoping possible profits either on small on gradual base or bigger ones on sooner scenarios.
As a trader we do really like to strive to minimize losses as possible but we know its an inevitable thing but somehow a manageable thing to be done if you do know on what you are doing. Lots of trials
and errors do really needed for you to get familiarize with the market and create your own profitable trading ways.

[Tytanowy Janusz]

I prefer to build a core position in the direction of the current trend, then trade around that core position with smaller trades. That way, I never lose exposure to the larger move. I probably only trade 1-3 times a week though, using the 1H or higher time frame charts.

I love this strategy. Doing same thing very often. If i'm monitoring my core position it would be a waste of time not to take profit from daytrading around core position.

[sana54210]

In my opinion if you are aware of the market that what is coming in the future and what is the strategy for the upcoming time then i think that you can minimize the losses by doing appropriate decisions in the ready time and trading is a very sensitive job so here the profit and losses chances are high and for us crypto is valuable so if we earn profit we become more interested and if loss we hesitate for the second time.

true, for some people a good analysis is necessary but with the tool Bollingers I use there is no study necessary. I just pick up every spot that suits the strategy, no matter what coin or shit coin it is. In this way I take about 75%- 85% winnings trades on a daily basis. The profits I make on this 75-80% cover the losing trades. So in general I close my day profitable in 90-95% of the cases

Are you ending your all trading days in this way ? If it is so then you might be doing a perfect way of trading. I wonder how you are able to finish off 75% to 85% of trades in winning ? What are the trading strategies your following  other than Bollingers  bands ?

I manage my trading profitable for a month but definitely not on daily basis. Because I am not trading on multiple assets at a time. Focusing on multiple assets is a problem for myself. I am into a new way of trading strategy which is based on combining more than two technical analysis. When there will be a coincidence of levels from multiple strategies then that must be a more accurate prediction. I just start working on this type of strategy. If this will work fine for me then I guess I also will be able to manage multiple trades at a time.

[QuadsPoker]

In my opinion if you are aware of the market that what is coming in the future and what is the strategy for the upcoming time then i think that you can minimize the losses by doing appropriate decisions in the ready time and trading is a very sensitive job so here the profit and losses chances are high and for us crypto is valuable so if we earn profit we become more interested and if loss we hesitate for the second time.

true, for some people a good analysis is necessary but with the tool Bollingers I use there is no study necessary. I just pick up every spot that suits the strategy, no matter what coin or shit coin it is. In this way I take about 75%- 85% winnings trades on a daily basis. The profits I make on this 75-80% cover the losing trades. So in general I close my day profitable in 90-95% of the cases

Are you ending your all trading days in this way ? If it is so then you might be doing a perfect way of trading. I wonder how you are able to finish off 75% to 85% of trades in winning ? What are the trading strategies your following  other than Bollingers  bands ?

I manage my trading profitable for a month but definitely not on daily basis. Because I am not trading on multiple assets at a time. Focusing on multiple assets is a problem for myself. I am into a new way of trading strategy which is based on combining more than two technical analysis. When there will be a coincidence of levels from multiple strategies then that must be a more accurate prediction. I just start working on this type of strategy. If this will work fine for me then I guess I also will be able to manage multiple trades at a time.

I have other accounts that i use for different strategies and where i trade for bigger profits. But the accounts i use with the bollinger bands combined with dip strategy i make very good profits with a very high succes rate. At this moment i am even doing a 365 day challenge that is updated here in the forum. I am trying to build up a 100$ start balance to minimum 3778$ in 365 days by 90% only using this dip strategy with the bollinger bands.
I set a goal of 1% daily profits on my balance. At this moment after only 1 days of trading my balance grew already with 30% profits

[semobo]

I prefer to build a core position in the direction of the current trend, then trade around that core position with smaller trades. That way, I never lose exposure to the larger move. I probably only trade 1-3 times a week though, using the 1H or higher time frame charts.

I love this strategy. Doing same thing very often. If i'm monitoring my core position it would be a waste of time not to take profit from daytrading around core position.

We can make much profits by maintaining the trades with small profits and losses but it js not possible for too long sinfe the market go bearish at most of the times so we may need to hold longer to recover from the losses.

[Matthewmorris4]

My trading

Everyone tells people to educate well before starting to trade. 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. It took me exactly 1 hour to learn how to use this strategy and since then I am making money on a daily basis.

Lot of people tell that making consistent profits is impossible. Now I say it is possible. I make an average of minimum 1% profits on a daily basis on my total trading balance. I even managed to let 100€ grow to over 6000€ in 1 year by only using 1 single trading tool or indicator.

My secret is very simple VOLUME!!!!

I always enter the market at a point with the general idea to get out of the market latest 3 hours after I entered. But to be honest in 75% of the cases I even get out of the market within 30 minutes after I entered. This process I do about 50-100 times every single day. I rather take 0.5% profits multiple times a day than just enter the market 3 times in a day and see 2 of the taken positions turn out in a loss and get stuck with that position.

I jump in and out 50-100 times a day with 1-5% of my entire balance per trade. By trading so much volume you can significantly decrease possible losses and can make it possible to close 90-95% of your trading days profitable.
So if people are telling 1% average daily profits is impossible, I tell they are wrong, it is possible.

1 percent of each trade done is still possible but I am also not sure that this will happen if the market is in a bearish condition and also, after all, not all kits will profit, even in markets that have large volumes. Indicator technique in my opinion, not too influential, it's just about the time when you enter and exit the market

[davinchi]

If you are focusing on minimizing losses then there will be plenty of chances to get big profits. Unfortunately no traders are focusing on eliminating the factors which are leading to losses but they are simply focusing only on positive things. This is the reason they are getting struggle later on when experiencing some unexpected market conditions.

If we focus on handling unexpected losses then we can stick within our trading plans to find out the maximum profits.

[The Cryptovator]

My opinion is that every single person can become a profitable trader and you do not need to be a specialised trader to make consistent daily profits.

Are you sure about Bold part ? If yes then I will not agree with you and my opinion will be that still you don't know what is crypto trading. Trading is just money circulation, you are selling your coin means someone buying from other side. You are buying means someone selling from other side. So always someone will loss on single coin. It's same for all coin and all traders. For example you you bought a coin for 1$ and you sold for 2$, means someone bought it by 2$. Imagine price drop on 0.5$, so who bought for 2$ from you he is in loss. That's the trading, if you are winner always be loser on opposite side. Everyone have own criteria, and they follow that. That's why sometimes we are gainer and sometimes loser. It's crypto game. It's true most of new trader will on loss on begun.