minimise possible losses in trading

[rodel caling]

That is true update news and trend are wasting time but some people use it to make possible profits because sometimes people are fast encourage if the news came from the reputable personally and they made quick investing. But if they have not enough for that all kind of study and searching just monitor in the marketcap about the coins situation tominimize loses.

[Best Dreams]

There have lot traders who like to buy coins when it start increasing. But they don't think that it’s very harmful for their investment. So we need to buy at dip to make our investment safe from losses.   

We can't stop those non sense investments which are the reason for panic selling as well.If you believe your coin then no need to panic for small or moderate correction just can continue to hold.

I have this plan that I will only hold because I have trust on my investment that it will increase in price very soon and it will be able to sell it again at higher price, we can reduce our risk by holding and be patient, it is important to hold and never give up after once you buy, keep it in mind that in crypto currency you will have to face so many rise and fall but just have patience.

[Yamifoud]

That is true update news and trend are wasting time but some people use it to make possible profits because sometimes people are fast encourage if the news came from the reputable personally and they made quick investing. But if they have not enough for that all kind of study and searching just monitor in the marketcap about the coins situation tominimize loses.

Can't just fully rely on what news spread around,  some of them are fake and no basis for their reports and market speculations. For us to prevent from losing,  we should be relying on the chart and buy studying the market flows we can even what possible trend we have. But we shouldn't be confident enough cause of its volatility.

[Duzter]

That is true update news and trend are wasting time but some people use it to make possible profits because sometimes people are fast encourage if the news came from the reputable personally and they made quick investing. But if they have not enough for that all kind of study and searching just monitor in the marketcap about the coins situation tominimize loses.

Can't just fully rely on what news spread around,  some of them are fake and no basis for their reports and market speculations. For us to prevent from losing,  we should be relying on the chart and buy studying the market flows we can even what possible trend we have. But we shouldn't be confident enough cause of its volatility.

Relying on a news and holding the assets with the hope of price increase is good, but we need to research whether the stated news is a true one. Another thing the news source needs to be verified, because if it is revealed from some unknown identity who doesn't have anything relative to the project then the news is mere words. Good is to study the market flow and go through the chart and when it comes to volatility it has to be taken in consideration but that shouldn't be taken as a negative factor of the market.

[carlfebz2]

That is true update news and trend are wasting time but some people use it to make possible profits because sometimes people are fast encourage if the news came from the reputable personally and they made quick investing. But if they have not enough for that all kind of study and searching just monitor in the marketcap about the coins situation tominimize loses.

Can't just fully rely on what news spread around,  some of them are fake and no basis for their reports and market speculations. For us to prevent from losing,  we should be relying on the chart and buy studying the market flows we can even what possible trend we have. But we shouldn't be confident enough cause of its volatility.

Relying on a news and holding the assets with the hope of price increase is good, but we need to research whether the stated news is a true one. Another thing the news source needs to be verified, because if it is revealed from some unknown identity who doesn't have anything relative to the project then the news is mere words. Good is to study the market flow and go through the chart and when it comes to volatility it has to be taken in consideration but that shouldn't be taken as a negative factor of the market.

Anything do really needs some verification or in depth research before making any actions towards that kind of new and making some analysis on your trading system.Minimize losses is one of the targets as a trader and making yourself self proficient and even on making some gradual profits would be already considerable as long you do know how to handle yourself or simply on risk managements.

[begau]

Maybe we should invest in more Altcoins. They will give us more safety. Because putting a lot of money into an Altcoins or a basket of eggs is very dangerous. If you choose the right money to join the investment as well as trading but at the wrong time, the loss still occurs.

[BeGoods]

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.

That is truth as many of us only focusing on the profits that we can make.  I think the best thing to do and understand as a traders is to know the right time to cut loses and when there is a profit opportunity the right time to also take profits.  If we focus on the profits alone it will be difficult to succeed in trading.

Yes. To be a profitable trader, we should always grab all the chances that gives us signs of making profits. Even if its not that huge, we should still find ways to make profits consistently than to wait for a bull run to return and only by then you can make profits. Atleast we should know the do's and dont's in trading, we are still able to make profits somehow.

if you want a minimizing possible losses, you have to be smart at seeing opportunities, grab fast that opportunity,
like selling on time when the opportunity is still there, save your profit! it is one form of minimizing possible losses

[Ipwich]

Maybe we should invest in more Altcoins. They will give us more safety. Because putting a lot of money into an Altcoins or a basket of eggs is very dangerous. If you choose the right money to join the investment as well as trading but at the wrong time, the loss still occurs.

You minimize the risk by spreading your investment in different altcoins, however I suggest you also consider bitcoin because right now
it's the most stable and dominant coin, if bitcoin will fall the rest of the altcoins will follow, that's how the market behaves so far, so the risk is still high.

[Cherylstar86]

Maybe we should invest in more Altcoins. They will give us more safety. Because putting a lot of money into an Altcoins or a basket of eggs is very dangerous. If you choose the right money to join the investment as well as trading but at the wrong time, the loss still occurs.

  With a wise strategy and knowlegeable deliberation, we can minimize the possible losses on trading. On trading we have to be wise on choosing a liable coins that gives wealth in return, but we have to be aware the possible consequences that can also make us to feel anxious and lead us to gain loses.

[Caladonian]

Maybe we should invest in more Altcoins. They will give us more safety. Because putting a lot of money into an Altcoins or a basket of eggs is very dangerous. If you choose the right money to join the investment as well as trading but at the wrong time, the loss still occurs.

You minimize the risk by spreading your investment in different altcoins, however I suggest you also consider bitcoin because right now
it's the most stable and dominant coin, if bitcoin will fall the rest of the altcoins will follow, that's how the market behaves so far, so the risk is still high.

Maybe much better to split your investment, 50% will stay at bitcoin and the other 50% will be for the combinations of those well known alts, it's really hard to make a certain call as many projects are falling apart, needs to be more optimistic in times like this, go and find alternative project that have promising progress to offers, if you are willing to take the risk, minimizing your losses needs to hold for long term if your position got ruined, never to
sell if you trust the project that you are holding.

[jrrsparkles]

Maybe we should invest in more Altcoins. They will give us more safety. Because putting a lot of money into an Altcoins or a basket of eggs is very dangerous. If you choose the right money to join the investment as well as trading but at the wrong time, the loss still occurs.

So we should have to invest in altcoin but also not to invest on altcoins.

You need to clear your mind before making a statement as well as the trading plan,altcoins are more risky so if you are investing on it you are taking the risky move ahead.Diversyfing the capital might reduce the risk factor of losing your capital but there are many other strategies are also available to minimise losses.

[guoyu78]

one buys a coin when the see that that the coins value is increasing because they think that the coin can continue to increase while the other one is buying a coins at the dip because this is the only time that they can afford to buy more .  both strategy are nice but they must consider to choose the best coins to be able to make their strategy more succesful  .

Yes, buying your coins at dip is the best strategy to minimize loss in tradings. This is a very common concept and every trader is aware of, but not following in real time due to greedy kind of other reasons.
One can make possible easy profits in the crypto trading by following this strategy.

Moreover, it also depends on what coin are you are focusing. Bitcoin and ETH both have been a bit good in the market lately and it is the best time to start making use of this strategy as still prices of most of reputed coins are still cheaper.

[playboy654]

It is always like taking the chances to be better than before because the losses are always common for everyone but how we can reduces to a minimise value is the way to success and I think it will be easily possible to manage everyone using their experience only.

[mirawantirinjana]

to minimize losses in trading I am used to dividing the capital that I have in several different altcoins. it helps a little to minimize losses in the trade that I do, if they don't fall together 

[Supercrypt]

It is always like taking the chances to be better than before because the losses are always common for everyone but how we can reduces to a minimise value is the way to success and I think it will be easily possible to manage everyone using their experience only.

Losses are ways of gathering experiences for a better trade but losses too can also be minimized, we don’t have to wreck in the name of learning through losses before we can get it right, and for us to get it right to minimize loss, we must first have the right strategy to apply to our trade, once we have the right strategy, we will be able to decide the best time to enter a trade.

Another vital way of minimizing losses is to make sure that we have our stop loss tools handy, we must have a profit target and also loss target and we should not be greedy in our trade, once we can apply all these little rules, then we will have a smooth and loss free trade/ investment.

[bitcoin31]

to minimize losses in trading I am used to dividing the capital that I have in several different altcoins. it helps a little to minimize losses in the trade that I do, if they don't fall together 

That's what I do also when I trade my capital I divided it into different altcoins and for sure most of us are doing this and this is way of minimize the losses of the capital in one dump of the coins. But you can try to use other techniques to minimize your losses.

[GregH37]

OP is coming up with quite a good idea and will really help me and not just me., but every other person that doesn’t know about this. Though one thing I would have loved to know about is the exchange you make use of whenever you’re trading. That would have really been of great help and another thing I have got it say is that I’m not the type that finds it easy to believe that people are making a living from just trading alone.

I always find it difficult to believe that someone can live their life by being a full time trader, seems quite impossible to me cause I have never seen anyone doing that. Even the experts I know personally still owns a side business they are into.

[Seeker#9]

One of the most common enemy of a trader is the emotion especially when your fund is at stake. Panic-buying and getting in FOMO state is a result of emotion uncontrolled which lead mostly to losses in trading. On trading preferences, every trader has his/her own style of trading. I also use some technical analysis, price action and volume but most important is to develop your strategies and avoid emotions to minimize further losses.

[doomistake]

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

I couldn't agree more with you, it is about taking the risk and have the courage to face your "what ifs" in life, because you are not getting anywhere with that, you'll be stock forever asking "what if" and that will drive you crazy. No one can predict the future but you could make your own future, you are the one who is going to build your future, you can't be successful without failures, so there is no need to be afraid of failing, you just have to try and try until you find the right one that fits for you.

And when you find it, you gotta embrace it, nourish it every single day so you will grow even more. Each of us has our own potential, maybe some of us are not good at trading, but good at something else that is related still in cryptocurrencies, we just don't have to compare ourselves to anybody who is better than us, because we are better than what we think, we just have to get out of our shell and face our fear no matter how big it is to be a successful person one day.

[Pamadar]

One of the most common enemy of a trader is the emotion especially when your fund is at stake. Panic-buying and getting in FOMO state is a result of emotion uncontrolled which lead mostly to losses in trading. On trading preferences, every trader has his/her own style of trading. I also use some technical analysis, price action and volume but most important is to develop your strategies and avoid emotions to minimize further losses.

Upgrading your skills and keep your confidence high, emotions is really killing every investors mindset, buying when spreading news are there invoking investors to ride with the running train but forget about the possibilities of being trapped since whales can always interfere with the movements, then selling after seeing downfalls as fuds begins to push everything down, always results of failed investment.