GrayFullbuster
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February 05, 2019, 10:05:37 AM |
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If you think that you can still able to make profit in trading then it is better if you will continue trading. You should fully prepared to the risks that you are facing in cryptocurrency trading for you to not lose hope. You will not regain all of your losses if you will now quit in trading.
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JackPeterson1
Newbie
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Activity: 41
Merit: 0
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February 06, 2019, 01:20:31 PM |
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If you have traded for a long time and don't know whether to continue trading or no, the best decision would be "to continue". For this time, you have gotten a lot of your own experience and in the future, you can use your skills all out. Your last fails may become your strong points you can use in your further trading. Maybe, if you failed in the past, you need to change your trading strategy and use new trading methods to reach more success. About new trading strategies and methods, you can get to know on the Newconsort platform which I already use.
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EXtremeAEX
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February 06, 2019, 03:10:02 PM |
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hi i am day trading from 2years but not profitable at all ( i dont know what should i learn more so that i will be profitable )
some times i think to quit trading and go search some job, another way i think that after coming so far i should try for some more time
i know many traders in same situation are you thinking same as above . are you in this situation what have you decided to do ?
i want answers only from traders in this situation and experienced traders
i dont know if sentence formation is correct or not i think many of you can understand the situation
According to SatoshiMoku (I'll leave the link below) and I share his opinion, successful traders go through several stages: 1. Loss of money on each transaction 2. Trade "to zero" 3. Small profits on the deal 4. Large profits In order to proceed to the next level, it is necessary to draw the right conclusions. Apparently, for some reason you are not drawing the right conclusions. Except you, nobody knows what your mistakes are. I advise you to clearly analyze your thoughts and actions and make a list of them. Perhaps it will be easier for you to find your mistakes. I dare to assume that if you have been trading only in a minus for 2 years, then first of all you cannot correctly determine the points of entry and exit. Here's a link to SatoshiMoku and his post where you can find lots of useful tips and tricks: https://medium.com/@CarpeNoctom/toshimokus-trading-tips-tricks-f0ff5cc38cc8Personally, I think that all the “helpers” described by him in trade are excellent in helping to trade on the crypto market. I myself have been working with these “helpers” for a long time and personally for me they help a lot to make money. I hope that this post will be useful to you and you will finally move on to the next stage.
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pinkpanther03
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February 06, 2019, 04:15:14 PM |
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If you are really determine to learn trading, Perhaps asking about the question in the title of this thread is not supposed to be in your mind. Because, you will do no matter what it takes for the sake of knowledge you could get about in trading methods. You will find a way to know what are the basic things we should have as a trader in crypto world. And one of the example are you must have capital, then you should have an idea about the graph when you are in the actual trade platform.
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zhekinsp
Full Member
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Activity: 882
Merit: 126
★777Coin.com★ Fun BTC Casino!
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February 06, 2019, 06:53:32 PM |
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When we are not able to make profits from something then it is better to avoid them completely,just doing because other are making profits from it will make the losses more severe.
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Sawadekub
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February 06, 2019, 08:57:43 PM |
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I think that you don't know all the necessary information and this is your weak side. After all, if the trader knows all the necessary information, then after analyzing the charts, he can predict in which direction the price will move. Of course, not always predictions are 100% correct, but still most of the predictions are correct. Having a forecast, the trader can only place buy or sell order and stop-loss. ( i dont know what should i learn more so that i will be profitable )
And the fact that you are sure that you know all the necessary information it says that you have insufficient self-analysis. Start from the beginning. Learn the basics of technical analysis, the intricacies of crypto trading. Pick up those indicators that work well in the crypto market (for example, RSI and Ichimoku cloud, Bollinger bands, Fibonacci retracement) also use figures of technical analysis. Separately study the candlestick analysis, I personally consider it a powerful assistant in the trade. And only after studying this information, start practicing on small amounts. Never act under the influence of emotions.
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Lpim01
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February 06, 2019, 11:29:55 PM |
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When we are not able to make profits from something then it is better to avoid them completely,just doing because other are making profits from it will make the losses more severe.
We have different life and so the right place to stay. If you don't have interest in trading, there is no need to stay in here. Some people consider this as an easy task but they really don't how it works, that causes them to loss their funds. We need to understand how the market behave and so we can generate strategies that could be applicable by then, cause if not..there is nothing to happen but just a loss.
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glendall
Legendary
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Activity: 2142
Merit: 1018
Next Generation Web3 Casino
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February 07, 2019, 01:02:44 AM |
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many people have problems like you, and I also feel the same as you, and this is indeed because the market is like this continuously whether until when it will rise again. but what we need now is to try to get better and stay afloat, do not sell your assets with losses and stop. if you want to stop, then hold your assets.
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Farma
Legendary
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Activity: 2576
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
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February 07, 2019, 08:13:38 AM |
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well, when you feel that this is the time to trade, then do it. even I am currently confused by the steps I will take. but, for now, I prefer to resist compared to trading. maybe collecting assets is my main goal right now.
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btcyoda
Member
Offline
Activity: 644
Merit: 10
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February 07, 2019, 05:39:09 PM |
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Yes, it is very good to continue in the market with these market fluctuation and some people are trading mostly in this market and make plenty of money in this market only. We need to stay strong when the market is not properly in order to make little profits.
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Naida_BR
Member
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Activity: 980
Merit: 62
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February 07, 2019, 06:07:54 PM |
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continue your trade, the market is increasingly interesting to explore further, by continuing trade you can compensate for your losses by creating new transactions that will make you more
I don't think that this is a good idea. If he were skilled enough to make a profit he would have done it after 2 years have already passed. Maybe the best option is to quit and find another job. Or you can try to find interesting projects and just HODL.
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Best Dreams
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February 07, 2019, 07:28:33 PM |
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If you are really determine to learn trading, Perhaps asking about the question in the title of this thread is not supposed to be in your mind. Because, you will do no matter what it takes for the sake of knowledge you could get about in trading methods. You will find a way to know what are the basic things we should have as a trader in crypto world. And one of the example are you must have capital, then you should have an idea about the graph when you are in the actual trade platform.
Indeed knowledge is first and only main need of the market for trading, if you are not having fine skills and information about market it will be hard for you to become a good trader so the experience we get from trying and trying is best, I think you should continue now and at the same time you should try to learn more and more about trading don’t waste this opportunity of low price.
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omonuyak
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February 07, 2019, 08:05:27 PM |
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Friend read Warren Buffet, Wyckoff and Livermore, they are great teachers, you will realize that the important thing is to learn to understand the market, when you understand the market, your losses are going to stop, I am sure that a new path will begin. This is a really words of encouragement for those that think cryptocurrencies market is about risk. The market is not about risk but understand the markets behavior. I should say developing skills on how the market work and follow the whole trading principle.
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vindermarch
Member
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Activity: 392
Merit: 10
simply getting the job done
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February 08, 2019, 07:13:52 AM |
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I am not a good trader, I always lose in my daily trade. Now I try to change the pattern by making a long-term investment, buying potential coin and hold it. Sell when there is profit.
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Naida_BR
Member
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Activity: 980
Merit: 62
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February 08, 2019, 11:00:09 AM |
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I am not a good trader, I always lose in my daily trade. Now I try to change the pattern by making a long-term investment, buying potential coin and hold it. Sell when there is profit.
Daily trading is not so easy as people think it is. You need to do extensive research before making your call. Having said that, you need to spend a lot of hours in front of your monitors and try to explain the market, patents etc. Finding a new project and investing in it and expecting to make a profit is better. But you have to decide a priori in which price you are going to sell.
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nomenclatur
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February 08, 2019, 07:24:34 PM |
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I am not a good trader, I always lose in my daily trade. Now I try to change the pattern by making a long-term investment, buying potential coin and hold it. Sell when there is profit.
trading must prioritize disciplines where you also have to race in a short-term situation, don't let you regret that the bearish momentum may last longer than thought. continue your trade while still prioritizing fundamentals. Don't be careless and keep up to date with the coins you trade.
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hipSter
Member
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Activity: 266
Merit: 11
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February 08, 2019, 08:52:52 PM |
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If you don't have your trading strategy, it is probably the reason of your 2 years losses. So you should write it down. If you have one, you should make some changes in it or even completely rewrite it.
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Ucy
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February 09, 2019, 06:35:03 AM |
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Trading is difficult to be honest. This is why it is necessary to learn before trading. Cryptocurrency trading should not be seen as job by the way.. There is no guarantee you will be profitable especially in this current market. Do not give up. I think trading is even less risky now compare to the very volatile days
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iamverybusyperson
Newbie
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Activity: 174
Merit: 0
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February 09, 2019, 12:30:43 PM |
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I think that after spending 2 years in this market (if this is of course all serious), then only you can help yourself. Try to analyze the market after spending a lot of time on it, and then think what exactly you are doing wrong.
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btcyoda
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Activity: 644
Merit: 10
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February 09, 2019, 01:14:26 PM |
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I completely depend upon the experience you have because many people who are trader will always trade in the market whether the market is in fluctuation or when the market is an upward trend. They won't bother about the market situation and they will continue to trade in this market situation.
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