failure to gain profit

[Kopyleft]

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.

An understanding of the fundamentals should be giving more priority than news from media and forums such as these. There are lots of FUD and hype trown around, without any factual analysis.

As a trader you also have to build fortitude to resist the pressure to panic sell once the price turns down

[1713276291]

1713276291

[1713276291]

1713276291

[Huskarls]

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 ...?

If you are newbie in this field its hard to avoid losses and even the expert also experience losses. Do not depend on any news or information in social media, I suggest try to do your own research so you can become more skillful in this field. Put all your effort in your work and choose a good coins to trade so you can make good profit.

if we do not take advantage of price development information, then what can we count on?
only with TA, I don't think it will be enough, after all, Fundamental information will also be very useful to avoid things that are not desirable, because it also has a significant impact on the market.

[MURONDI]

try to learn technical analysis, don't just rely on the news, combine fundamental and technical, so that you are more confident when entering the market.. 

[cjie]

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 ...?

As a trader, if you really want to excel in trading you must learn how to take any profit whenever there is a price rise when you buy when the price is low. Most of our problem is greediness. It is greediness that always makes us lost when we know the rudiment of trade. I will advise you to quit. Look for one or two good coins or tokens that are doing well, study them very well and buy from when the price is very low or Buy From the Depths. With this, you should be able to manage your trading.

[Oilacris]

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 ...?

Common mistakes of a newbie investor and don't worry you aren't the only one who do have such problem but I do believe that most people are losing money on this crypto investment
due to volatility.

If you don't have much knowledge and you do let yourself believing anytime on price chart analysis of other people instead on analyzing your own then most likely
you would really got disturbed on making such decision. Don't rush yourself on profiting because this will be a pitfall for you.

[mersal]

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 ...?

Common mistakes of a newbie investor and don't worry you aren't the only one who do have such problem but I do believe that most people are losing money on this crypto investment
due to volatility.

If you don't have much knowledge and you do let yourself believing anytime on price chart analysis of other people instead on analyzing your own then most likely
you would really got disturbed on making such decision. Don't rush yourself on profiting because this will be a pitfall for you.

We all know failure and success are common in all field so we can definitely know success and failure will happen in our trading business if Failure is not happened then success is also not happen but after sometimes when we are getting into trading failures will be reducing little by little then success aap to be gained by yourself very easily.

[Adriano2010]

This time i think is better to avoid trading if search for profit in short time. I think you better stop now and as other people say wait for a bull run or just hold the coins for long term and sell them only when you make profit.

[Indrawan77]

Well you definitely need to learn more, you need more experience to know the situation of the market, you can't rely on forum or social media as your source information because most of the time it's just their opinion, you need to find the reliable news, and learn more about the indicators, join group signal for reference and try to combine some indicators to get a more accurate speculation

[johnrazmus]

Then what is the way so that I can make a big profit ...?

How to effectively avoid unnecessary losses ...?

Some of my most favorite trades happened when I wasn't paying attention (aka sleeping).

There might be something to buying a handful of the top market cap coins, setting sell targets at 200-300%, and turn off crypto for a couple months.

Worst case you're still holding the coins (at less value), but you at least don't lock in the losses (by selling at a loss).

I wouldn't recommend at the peak of a bull market, but we're far from that now.

[Japinat]

Well you definitely need to learn more, you need more experience to know the situation of the market, you can't rely on forum or social media as your source information because most of the time it's just their opinion, you need to find the reliable news, and learn more about the indicators, join group signal for reference and try to combine some indicators to get a more accurate speculation

That's correct, we have to make further research in order to know the relevant information as that would help us to make a good decision.
If we got lazy then it would lessen our opportunity to make profit in crypto, and that means you have no place to improve here, so better look for other means of making money. It's called a risky market therefore we have to be careful all the time, if we can't win here, better find a job, it's safer.

[pungopete468]

That indeed becomes a common thing in any business. including trading. of course there is a risk. but with a loss in my opinion it will give us an advantage to experience we can get a profit

[GreatOrchid]

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 ...?

Truly speaking, peoples with tendency like yours make a very less profits. If you buy bitcoins at a price greater than the price you sell than no doubt that you will only face loss.Try to stand firm in such markets and try to Hold your coins no matter what the market situations are. I am owning some bitcoins when the price was nearabout $15k which compared to now is $3500+ but yet i am holding them.

[Kasabus]

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.

You should stop doing that, why would you sell lower than your buying price, that's not a good strategy, it's a suicide.

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 rely only on those things, look for a lot of sources so you will be more educated and will help you in making great decision.
When the market is bearish, it's expected  that price is going down most of the time, why not short the market though?
But if you are bullish, you should not go against the current market situation, wait for the time that bitcoin will start to look bullish, that timing will help you.

[thedarksun]

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 ...?

As you wrote, at the moment the entire cryptocurrency market is very unstable. I think that the most important, for this moment is not to panic and simply hold your investment. You just have to wait out this difficult moment and wait until the bullish trend come. In other words, patience is the most important now.

[goaldigger]

Thats it. Your emotions are the one who makes you vulnerable. Stay outside the market for the moment until the price becomes stable or the green market peeked. The moment you rest, thats the moment you fix yourself and learn to control your mindset. Sorry for your loss but we can make it gain again. Rest but not quit.

[samcrypto]

Thats it. Your emotions are the one who makes you vulnerable. Stay outside the market for the moment until the price becomes stable or the green market peeked. The moment you rest, thats the moment you fix yourself and learn to control your mindset. Sorry for your loss but we can make it gain again. Rest but not quit.

Learn while a having a break, its not easy to recover from any loss in this market but you have to keep moving so you can get have profit. Its ok to fail sometimes, but quiting is really not a good option there’s no successful traders who don’t experience any loses. You can still invest right now, and hold while you are resting.

[Retina]

I think if you do not understand it then I do not think you will lose, you started trading without understanding anything, as a result you lost your money. You should have taken the help of a good quality trader...

[NavI_027]

Then what is the way so that I can make a big profit ...?

How to effectively avoid unnecessary losses ...?

My advice for you is set your main objective first. Do you want to focus on minimizing the losses or go first to earning big profits? If you are hodler then you've got notjing to do right now but to hodl since the market is not yet fully recoveres but since you are a trader then you can do both, the choice is yours. You can earn profit by continuing to day trade but make sure you are aware of the risk of losing if you made a wrong move, on the other hand you can also take a rest for now and dump when the price goes higher or when you are ready again .

[Lpim01]

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 have still a lot of things to learn and to know about the market. After spending enough time,  then you'll decide to take the risk or just step out.
You can't just rely of what the others say but for you to learn by putting yourself into action or in reality. You actually loss at first but you can eventually change it once you have plan and strategies.

[Rajamuda]

Here you such as playing with something that's not necessarily certain, this depends on your intention, whether it is strong or not. If it's strong.. do it, because in strong intentions there must be high optimism for that. I think crypto is only worthy of being a sideline in an effort to earn money related to the situations that seem just holding for it.