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Author Topic: trade makes me poor  (Read 3188 times)
Cekerula
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July 25, 2019, 09:16:21 PM
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Are you frustrated when you experience defeat in trading? yes I experienced this ... I have lost $ 1000 dollars in the past 2 hours ... I did not switch with another coin and I just focused on the initial coin. but in fact I was still losing, in my opinion trading was not much different from gambling.
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July 25, 2019, 09:34:11 PM
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 #2

Are you frustrated when you experience defeat in trading? yes I experienced this ... I have lost $ 1000 dollars in the past 2 hours ... I did not switch with another coin and I just focused on the initial coin. but in fact I was still losing, in my opinion trading was not much different from gambling.


Sorry for your loss, You shouldn't have put that much at stake when you don't know much about trading. Trading and gambling are different things but both have their own specific risks attached.
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July 25, 2019, 09:39:58 PM
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Are you frustrated when you experience defeat in trading? yes I experienced this ... I have lost $ 1000 dollars in the past 2 hours ... I did not switch with another coin and I just focused on the initial coin. but in fact I was still losing, in my opinion trading was not much different from gambling.

Really? How did you lose in a trade that can be avoided. It's just a matter of how you deal with the market and do the basic in trading. Buy low and sell high, in that way you cannot lose that much. I disagree with your thoughts that trading is no different from gambling since trading does not depend on luck but on skill and understanding on the market trends.

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July 25, 2019, 10:09:00 PM
 #4

OP you can really lose in trading here in an instant if you do invest or risk in some alts/tokens here so better to go for bitcoin in investment

Still if you know or learn how to use alts/tokens with potentials then you can earn like example i recommend bch,xrp,ltc,eth,nano base in their developer and really cheap price like i predict that they can grow double or more in future

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July 25, 2019, 10:18:04 PM
 #5

The loss is mainly due to your skills, you should focus on your own skills and understandings that need to be enhanced.  Need to know how to identify markets, how to manage assets to avoid unnecessary losses.  Currently the market has become smarter so focus on safe assets in the Top 10 or simply focus on Bitcoin.

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July 25, 2019, 10:25:11 PM
 #6

Are you frustrated when you experience defeat in trading? yes I experienced this ... I have lost $ 1000 dollars in the past 2 hours ... I did not switch with another coin and I just focused on the initial coin. but in fact I was still losing, in my opinion trading was not much different from gambling.


Sorry for your loss, You shouldn't have put that much at stake when you don't know much about trading. Trading and gambling are different things but both have their own specific risks attached.

It doesn't mean we're sorry for his lost, instead try to congratulate for that experience because certainly it could make him more skillful with trading in the future. Despite of becoming poor, don't blame trading that put you on that situation. The decision making is mainly the root cause, so get up and move! correct those factors made you fail with trading.

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July 25, 2019, 10:42:24 PM
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Are you frustrated when you experience defeat in trading? yes I experienced this ... I have lost $ 1000 dollars in the past 2 hours ... I did not switch with another coin and I just focused on the initial coin. but in fact I was still losing, in my opinion trading was not much different from gambling.

on which coins that you traded with? and what is the factor for the coins you bought?

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July 25, 2019, 11:01:40 PM
 #8

Are you frustrated when you experience defeat in trading? yes I experienced this ... I have lost $ 1000 dollars in the past 2 hours ... I did not switch with another coin and I just focused on the initial coin. but in fact I was still losing, in my opinion trading was not much different from gambling.
Losing all balance must be a pain for the experienced trader but it will be an experience for the new traders. Gambling is based on luck and your decisions have no effect over the outcome of any game. In trading, the luck is eliminated and only your experience matters on charts. If you have a deep understanding of the chart trading techniques then risking all balance can be somehow understandable. Otherwise treating the trading as gambling will not undervalue the mistakes made on the trading session and it will prepare you with valuable trading lessons.
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July 25, 2019, 11:08:04 PM
 #9

Are you frustrated when you experience defeat in trading? yes I experienced this ... I have lost $ 1000 dollars in the past 2 hours ... I did not switch with another coin and I just focused on the initial coin. but in fact I was still losing, in my opinion trading was not much different from gambling.
It's not much different because you are betting on the price of the coin. If you have no clue about what are you doing there and you should not do that dude. remember trading is not for an amateur and it looks like you are a new user in the cryptocurrency.

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July 25, 2019, 11:08:28 PM
 #10

Are you frustrated when you experience defeat in trading?
With my losses, I'm frustrated too because it lost me money but that doesn't mean that I should feel that forever. I've learned a lot from those experiences and losses that made me better today in trading.

yes I experienced this ... I have lost $ 1000 dollars in the past 2 hours ... I did not switch with another coin and I just focused on the initial coin. but in fact I was still losing, in my opinion trading was not much different from gambling.
Sorry with that loss, it's an expensive one but how did it happened? you are trading and probably you aren't monitoring on how's your trade was doing. Next time, when you are not confident don't risk your money and don't trade because you have an option to hold.
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July 25, 2019, 11:16:34 PM
 #11

There are two types of traders. being poor and being rich. Which one do you prefer will depend on how you manage and have the strategy and ability for trading. A good trader will never stop to learn and make an effort to be smarter, diligent, careful, and also smarter in deciding which coin to buy, what time to buy and sell. And so sorry to hear that you are being poor being trader. Probably you need to have more experiences, more lessons, and also more research to do.

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BitcoinHunt3r
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July 25, 2019, 11:21:57 PM
 #12

Are you frustrated when you experience defeat in trading? yes I experienced this ... I have lost $ 1000 dollars in the past 2 hours ... I did not switch with another coin and I just focused on the initial coin. but in fact I was still losing, in my opinion trading was not much different from gambling.
It means your trading strategy still not good. If you only speculate in trading and not use your analyze, it will have no different with gambling. But it is totally wrong things. Trading if we really can analyze or maybe pick right options, we can make profit, or at least minimize our loss.

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July 25, 2019, 11:26:13 PM
 #13

how can you lose $ 1k in 2 hours? You have to buy when prices go down to avoid losses, it looks like you have to increase your trading knowledge  Roll Eyes

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July 25, 2019, 11:26:39 PM
 #14

Having a disadvantage I think it is natural and this is a risk. And you should know that trading using a fairly good strategy and your speed in selling coins and buying coins. Maybe you think too small that equate trade with gambling. Surely we need to learn a lot and keep paying attention to the movement of coins. To know the right time to sell coins and buy coins.

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July 26, 2019, 01:19:58 AM
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don't blame trading friends, trading is never guilty,
You might lose because you don't have trading management, or maybe you don't understand how to read the chart, because trading without knowledge like you would burn your money,
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July 26, 2019, 02:22:28 AM
 #16

Are you frustrated when you experience defeat in trading? yes I experienced this ... I have lost $ 1000 dollars in the past 2 hours ... I did not switch with another coin and I just focused on the initial coin. but in fact I was still losing, in my opinion trading was not much different from gambling.

Trading isn't really any different than gambling. But that doesn't just apply to crypto, also applies to stocks as well. Just with stocks it tends to be less volatile.

Always remember though it's not an actual loss until you sell. What is a 1K loss today can turn into profit tomorrow, simply by doing nothing but waiting... never know.
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July 26, 2019, 03:25:30 AM
 #17

Are you frustrated when you experience defeat in trading? yes I experienced this ... I have lost $ 1000 dollars in the past 2 hours ... I did not switch with another coin and I just focused on the initial coin. but in fact I was still losing, in my opinion trading was not much different from gambling.

Losing in the trade is normal, you should before trading you do an analysis of the coin / token and maybe look for news about the coin / token.
I don't agree if you say trading isn't much different from gambling
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July 26, 2019, 03:43:11 AM
 #18

Are you frustrated when you experience defeat in trading? yes I experienced this ... I have lost $ 1000 dollars in the past 2 hours ... I did not switch with another coin and I just focused on the initial coin. but in fact I was still losing, in my opinion trading was not much different from gambling.
I don't think so, market is a ball of money, money just flows from yours to other's poket. If you lose, must be someone else win,
That's how most of trading markets work. My friend with 10 years experience, still living and doing trades as fulltime job.

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July 26, 2019, 04:00:33 AM
 #19

I totally agree with you that trading is not any different from gambling. Both are events whose outcomes are not predictable. Even the best of experts cannot tell with precision which coin or token will do well and which will not so traders are left to only speculate
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July 26, 2019, 04:04:55 AM
 #20

Are you frustrated when you experience defeat in trading? yes I experienced this ... I have lost $ 1000 dollars in the past 2 hours ... I did not switch with another coin and I just focused on the initial coin. but in fact I was still losing, in my opinion trading was not much different from gambling.
When some one losing in trading than other one is making profit, thats may be you called trading not much different from gambling. Gambling is a speculation and when you trading like that than its not different, but trading have a lot factor like FUD, FOMO, good news, bad news, chart anlysis and others..
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