Oilacris
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January 14, 2019, 01:05:28 PM |
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Sad to say for quick drops of altcoin into the marketcap people are expecting to get quick profits but is failed that's is a part of crypto investment unpredictable when to get huge profits the key of the succes to get profits in crypto is patience and believe it strong as currency and stay keep faith.
True but if you are supporting a certain altcoin and have faith in it you can buy at the dip so you feel good by increasing your bag size. Since you have faith in it you should have done enough research to conclude whether it is a scam or not. Then again you must sell at some point and then use the spare cash to buy back at the low price. Not doing these money cycling only leads to anxiety that makes you feel that you are not taking part and falling back. Indeed this needs practice but you need to start doing it to get the grip. Initially you might lose some cash with opposite side movements but hodl through those periods and the markets will move in your favor soon. Agreed on the point that if you do let yourself be part of the dip or shall we say you do sell and able to make some profits on such sell-off then this really removes anxiety. The hardest part only on making such buyback or bagholding is that there is really a time where you doubt on such decisions and even you do believe on the project but with this bear market where everything turns out to be read will really give you some questions on mind.
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GregH37
Legendary
Offline
Activity: 1302
Merit: 1037
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January 14, 2019, 05:48:10 PM |
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I think learning from your mistakes is the most important aspect of making profit in the future. I have done trading couple of times in the past and I have checked what I did wrong and tried to change the way I think about trading and it gave me a better result. Normally, I did used charts but I was having hard time reading them and most of the time when I realized there is a profit to be made on a coin that should be going up the price went up before I was finished my research and bought some.
Hence, I tried to automate it and bought a trading bot and implemented my strategy into it but this time bot did stuff that I wasn't really giving it permission to because it was looking for stuff that I gave it but also doing it in a massive scale instead of smaller part which meant bigger profits than I used to make but bigger losses than I used to have as well. Then I went back on my old home made system and used the bot to alert me a good coin in my research criteria and bought manually instead, kind of using best of two worlds. Learn from your mistakes and improvise a bit.
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Harlot
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January 14, 2019, 06:14:07 PM |
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From the looks of it you are not built to become a day trader yet. Buying and selling actively on a daily basis is not the only way to profit from the market. Why don't you try to become a position trader instead? Keeping on a early paper loss is still better than losing your capital by cutting your losses, at the end when the market starts recovering you will see your portfolio going green. Sometimes patience is always the answer to everything as quick actions like that tend to become poor decisions at the end.
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cryptocointrade.com
Jr. Member
Offline
Activity: 87
Merit: 7
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January 14, 2019, 06:18:59 PM |
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The crypto market is currently very unstable. I am easily affected, in panic selling conditions like now I sometimes sell bitcoin at a price lower than the purchase price. The result is a fatal loss.
So far, I have only relied on news information obtained from forums and social media and a little understanding of the foundation of price charts and market movements to make investment decisions in Bitcoin.
Then what is the way so that I can make a big profit ...?
How to effectively avoid unnecessary losses ...?
Patient. It takes time to make winning trades and it also takes time to accept losses. However, it seems that you are willing to learn. What many beginners doesn't understand is that a successful trader might have more losing trades than winning trades. How is that possible you ask yourself? Let's assume a winning trader makes 3 trades on 1 day. Each trade was worth $100. The trader took a loss at $98 and took a win at $105. The trader did lose 2 trades and won 1 trade and made 1% profit in one day. Read more about crypto trading at www.cryptocointrade.com
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harizen
Legendary
Offline
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
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January 14, 2019, 06:32:46 PM |
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The crypto market is currently very unstable. I am easily affected, in panic selling conditions like now I sometimes sell bitcoin at a price lower than the purchase price. The result is a fatal loss.
Losses is part of the game. There is no guaranteed overnight profit in trading. And since 2018 is being dominated by the bearish activity, it's really a headache to some traders to cope up with the situation especially those who do short term trades. So far, I have only relied on news information obtained from forums and social media and a little understanding of the foundation of price charts and market movements to make investment decisions in Bitcoin.
Your set of references in making a future decision can't be considered as wrong or inappropriate. But what is your goal? To accumulate and hold or will ride the ups and downs of the price? If you goal is to just accumulate at any means then disregard any price events as what will you do is to just hold. If your reason on the other hand is to ride the ups and down, that will be a tough challenge since we all know that the current price movement is still not showing at least a steady stand on a certain level. So what to do now? My suggestion is to just hold a bit and have some patience. We don't want to rush things here just to get a profit so carefully play with the scene. If you want to do short trades, patience is needed here too. When we say short trades, it doesn't mean you have to deal on buy and sell within just a few days or etc. Just continue to do trades and build experience. That will be your foundation.
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Coyster
Legendary
Offline
Activity: 2156
Merit: 1287
Crypto Casino and Sportsbook
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January 14, 2019, 06:58:50 PM |
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There ar different strategies in trading,and no exact one is sure of complete success,you have to put a whole lot of effort to day trade as you are want to do and probably you're not putting in enough effort and required experience. It's best you try another form or trade,prbably hodling as it'll not require any necessary skill,but just basically storing coins up in your wallet for a long time,and note to invest with capital you can afford to lose as you can't win all the time
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whirlcoin
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January 14, 2019, 08:11:42 PM |
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There ar different strategies in trading,and no exact one is sure of complete success,you have to put a whole lot of effort to day trade as you are want to do and probably you're not putting in enough effort and required experience. It's best you try another form or trade,prbably hodling as it'll not require any necessary skill,but just basically storing coins up in your wallet for a long time,and note to invest with capital you can afford to lose as you can't win all the time
In the starting stage all people have definitely failure in any time so we can definitely face the problem to come back because without failure the success will not came for us continents only the way to gain profit
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Finestream
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January 14, 2019, 10:27:44 PM |
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There ar different strategies in trading,and no exact one is sure of complete success,you have to put a whole lot of effort to day trade as you are want to do and probably you're not putting in enough effort and required experience. It's best you try another form or trade,prbably hodling as it'll not require any necessary skill,but just basically storing coins up in your wallet for a long time,and note to invest with capital you can afford to lose as you can't win all the time
It's really hard to make good profits if you are trading in this bearish season.Even the legends here experience also that.Maybe you can stop trading at this moment while the market is very unstable and just make buy and hold strategy.Most of the people here are just buying affordable coins with great potentials because it will also give huge profits when the price market reaches its peak again.
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PuertoLibre
Legendary
Offline
Activity: 1890
Merit: 1003
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January 14, 2019, 11:04:43 PM |
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There ar different strategies in trading,and no exact one is sure of complete success,you have to put a whole lot of effort to day trade as you are want to do and probably you're not putting in enough effort and required experience. It's best you try another form or trade,prbably hodling as it'll not require any necessary skill,but just basically storing coins up in your wallet for a long time,and note to invest with capital you can afford to lose as you can't win all the time
It's really hard to make good profits if you are trading in this bearish season.Even the legends here experience also that.Maybe you can stop trading at this moment while the market is very unstable and just make buy and hold strategy.Most of the people here are just buying affordable coins with great potentials because it will also give huge profits when the price market reaches its peak again. Famous traders advice to buy when others are fearful and sell when other traders feel greedy. Bearish market conditions are temporary like other market cycles which repeats itself with in time. Huge profits are expected if traders can handle big risks. Unstable prices lead to chaos in financial markets and chaos strategies don't work in crypto market.
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TopT3ns
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January 15, 2019, 03:00:36 AM |
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The crypto market is currently very unstable. I am easily affected, in panic selling conditions like now I sometimes sell bitcoin at a price lower than the purchase price. The result is a fatal loss.
So far, I have only relied on news information obtained from forums and social media and a little understanding of the foundation of price charts and market movements to make investment decisions in Bitcoin.
Then what is the way so that I can make a big profit ...?
How to effectively avoid unnecessary losses ...?
Don't push yourself, especially if you got easily to get panic. Train out mental in trading activity need time, and if that is only what your problem, then keep trading even loss or profit, try to hold your coins longer when it get down.
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SkustaClee
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January 15, 2019, 03:35:01 AM |
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The crypto market is currently very unstable. I am easily affected, in panic selling conditions like now I sometimes sell bitcoin at a price lower than the purchase price. The result is a fatal loss.
So far, I have only relied on news information obtained from forums and social media and a little understanding of the foundation of price charts and market movements to make investment decisions in Bitcoin.
Then what is the way so that I can make a big profit ...?
How to effectively avoid unnecessary losses ...?
Profiy is not only my goal, I keep trading because I want to learn more information about trading. Even I keep making mistakes, I still want to trade for me to improve my skills and knowledge. Losses are inevitable and that is the risk that we are all facing.
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ufaiz50
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January 15, 2019, 05:14:05 AM |
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The crypto market is currently very unstable. I am easily affected, in panic selling conditions like now I sometimes sell bitcoin at a price lower than the purchase price. The result is a fatal loss.
So far, I have only relied on news information obtained from forums and social media and a little understanding of the foundation of price charts and market movements to make investment decisions in Bitcoin.
Then what is the way so that I can make a big profit ...?
How to effectively avoid unnecessary losses ...?
I think if you really understand the information and the price chart or the market movement you can certainly reduce your losses, even you can make a profit. in my opinion there are some mistakes in your understanding, or maybe you are too hasty in making a decision, then take action when in a panic.
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JRoa
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January 15, 2019, 05:26:31 AM |
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The crypto market is currently very unstable. I am easily affected, in panic selling conditions like now I sometimes sell bitcoin at a price lower than the purchase price. The result is a fatal loss.
So far, I have only relied on news information obtained from forums and social media and a little understanding of the foundation of price charts and market movements to make investment decisions in Bitcoin.
Then what is the way so that I can make a big profit ...?
How to effectively avoid unnecessary losses ...?
You should expect that there are times that you will have a hard time to gain profit. Due to the unstable price, you should always monitor the price of the cryptocurrency that you are currently trading for you to know that is the suitable strategy that you can use.
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Distinctin
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January 15, 2019, 06:38:32 AM |
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The crypto market is currently very unstable. I am easily affected, in panic selling conditions like now I sometimes sell bitcoin at a price lower than the purchase price. The result is a fatal loss.
So far, I have only relied on news information obtained from forums and social media and a little understanding of the foundation of price charts and market movements to make investment decisions in Bitcoin.
Then what is the way so that I can make a big profit ...?
How to effectively avoid unnecessary losses ...?
You should expect that there are times that you will have a hard time to gain profit. Due to the unstable price, you should always monitor the price of the cryptocurrency that you are currently trading for you to know that is the suitable strategy that you can use. It's all about market adoption and how as a trader adjust the way it prices change. Market analysis is very important and not just do the usual traders did, strategies and good planning will help us to more profitable trader. Cause without this things, it surely you've only got nothing and even losing everything you invested.
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omonuyak
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January 15, 2019, 08:02:21 AM |
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The crypto market is currently very unstable. I am easily affected, in panic selling conditions like now I sometimes sell bitcoin at a price lower than the purchase price. The result is a fatal loss.
So far, I have only relied on news information obtained from forums and social media and a little understanding of the foundation of price charts and market movements to make investment decisions in Bitcoin.
Then what is the way so that I can make a big profit ...?
How to effectively avoid unnecessary losses ...?
Many of us especially those that joint the trading during the advert of cryptocurrencies are very new to the market and because of that we should not think that we are going to make any significant profits from the market as those that really make money from the market are the professionals and skillful traders. You are selling at the price lowered than your purchase because you did not have adequate knowledge on how the invest market work.
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TheUltraElite
Legendary
Offline
Activity: 3010
Merit: 1318
So anyway, I applied as a merit source :)
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January 19, 2019, 08:59:12 AM |
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Agreed on the point that if you do let yourself be part of the dip or shall we say you do sell and able to make some profits on such sell-off then this really removes anxiety. Then you know that you took part and this raises your spirits and you feel good. You will be able project your future selling or buying points based on these as well. It important to refresh yourself at times because it will get boring at times. The hardest part only on making such buyback or bagholding is that there is really a time where you doubt on such decisions and even you do believe on the project but with this bear market Every investor has their doubts. If at anytime you feel that the asset is not going well you should sell off at the next pump, because holding on to it only leads to more anxiety and depression. But this does not go with everyone. Some people are able to hold their assets and go to sleep. Thats what people should try at least with bitcoin.
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KnightElite
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January 19, 2019, 11:13:44 AM |
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The crypto market is currently very unstable. I am easily affected, in panic selling conditions like now I sometimes sell bitcoin at a price lower than the purchase price. The result is a fatal loss.
So far, I have only relied on news information obtained from forums and social media and a little understanding of the foundation of price charts and market movements to make investment decisions in Bitcoin.
Then what is the way so that I can make a big profit ...?
How to effectively avoid unnecessary losses ...?
All of trading are failing sometimes because losing in trading is inevitable due to the high risks. It is not bad to loss sometimes because there are many information thatbwe can get from our past losses.
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asyakashi
Sr. Member
Offline
Activity: 1932
Merit: 256
Vave.com - Crypto Casino
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January 19, 2019, 01:27:24 PM |
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a trader should know that the market situation is changing at any time. and the price of bitcoin is a benchmark for altcoin trading. this is the basis for using the right market strategy.
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Bosx1ne
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January 19, 2019, 01:55:27 PM |
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The crypto market is currently very unstable. I am easily affected, in panic selling conditions like now I sometimes sell bitcoin at a price lower than the purchase price. The result is a fatal loss.
So far, I have only relied on news information obtained from forums and social media and a little understanding of the foundation of price charts and market movements to make investment decisions in Bitcoin.
Then what is the way so that I can make a big profit ...?
How to effectively avoid unnecessary losses ...?
I think if you really understand the information and the price chart or the market movement you can certainly reduce your losses, even you can make a profit. in my opinion there are some mistakes in your understanding, or maybe you are too hasty in making a decision, then take action when in a panic. You will avoid losses if you can really understand the chart and the movement of the coin that you are currently trading. I studied technical analysis in a long time and I really have a good outcome when I studied technical analysis. I cannot fully predict what will happen to the price of the coin but I now know when is the right time to buy and to sell cryptocurrencies.
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Kahoy01
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January 19, 2019, 02:01:15 PM |
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I keep trading even I experiencing loss sometimes, I know that it is part of the way for me to become expert trader. There are people who saying that I should now stop trading but I do not mind them because I know that I will earn many opportunity by continuing trading.
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