trade makes me poor

[NewRanger]

Trading becomes similar to gambling when you don't know what you're doing with trading. Knowing the right coins to invest too is one of the most important things when it comes to trading. And the two things have different risks that must be though about before taking it.

unfortunately many traders start their trades without any knowledges so as if its like a gambling.they put money into high risk market without any skills and knowledge in trading, so that's easy for them to suffered loss while market crashing.knowledge be mandatory for us if we want to get return in our investment.

[cak imin]

What coins do you trade?
regarding the  loss is a risk that must be accepted, but you can minimize it, my advice to you in the future, before investing you should first learn about the coins that you will invest.

it must have been done. but sometimes the market changes all the predictions we make. we can estimate asset value growth, but who is the market condition? that makes us sometimes have to be prepared for losses, and that is natural. we just need to be patient and wait for the value to return if possible.

[cassavachips]

Do you pay attention to prices when buying or reading news and know what trends are happening? in trade, it looks easy to buy cheap and sell expensive but in reality, it is not. there are several ways to learn even though it is not accurate it can prevent a large loss.

[killat]

Trading is about buying and selling at the right time, not buying and holding. If you have a good strategy / indicators set you would not need the hype to come back, as you could trade at any price level.

[Denongels]

depending on how you trade if you trade using guesses, that's the same as you gambling but if you do a thorough analysis, it's not gambling, and also every trader is certainly frustrating if loses the assets, especially for those with large losses.

[Delilonia1]

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 is extremely different from gambling. Most times, many people who think they are trading are a totally gambling because they dont even know anything about the market situation, yet, they put in their money and hope to get much more in return. No one works on that kind of trial and really succeeds.  It's possible that you can try it one or two times and it works,  but for the most other parts, you will lose so much money that you will almost be discouraged.

There is nothing as beautiful as being knowledgeable about what you want to do... asking questions and making inquiries.

If you dont do all these, you will sincerely be gambling and not trading.

[akram143]

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.

but it is not happening in all the situation in some situation only we cannot understand the trading field and makes the wrong otherwise trading is the best platform for getting huge profit if you had good Intelligence and experience

[Gayong88]

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.

Very interesting ... the name is reciprocal relations..some decision you really know the risks and things that are common in trading.

[poornamelessme]

Trading must also be able to do it right.  Because not everyone is able to trade and still have a profit.  As for me, it takes years to become a confident trader.

I've been doing this for years and I'm still not a confident trader. Too much luck involved (or bad luck) to ever really feel confident. Even if you do everything logically and without emotion, some dumb little thing out of your control can crash the markets at a moment's notice.

[aemma]

This is sad to hear and shows you are trading in the wrong way. If I may ask, how long did you study or train before going fully into trading? Trading requires time to master, it requires patience and a good mentor without these one might be making unnecessary mistakes which will cost money. Please go and learn before proceeding.

[Ayobami99]

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 constantly trade on various exchanges, sometimes it works very well sometimes I get losses. However, I do not give up trading and continue to trade in cryptocurrency further. I hope to break the bank.

Someone said that even if you are trading blindly you should be able to make gain in few trades out of ten. In any case, you cannot over learn. You just have to continue to read on trading strategies, pinpoint the one that works for you and build on it. In any case you should be flexible in learning- learning and unlearning is the key

[greelzs]

Evening sir. Globemining? Well, yeah, they are pretty popular these days. First time you are buying the miner?

Yep, the first one. And I was told that the guys are having wide range of devices

[Youghoor]

People are also making thousands of dollars from trading which is making them rich.  If you don't have good plans or strategies  for trading, you might lose huge sum of capital within seconds. I will strongly suggest that you develop investment plans and strategies before investing in any crypto coin.

[retnoanjani]

Trade makes you poor?? Not trading but the fault is you. Because you join in crypto with a weak mentality so when you see your coin drop your become panic and sell it. That's why you loss. So next time make sure your mentall and mind strong and you must patient

You are absolutely right. Trading is not a simple matter. You buy to wait and make a profit, not like that. We must do complex analysis by utilizing the available indicators. News and rumours are also very influential. The basic thing we need to know is that experience and mentality have important roles in trading.

[fosamede]

Trading is kind of competitive, someone's loss is your profit and vice versa. So it best done with you are knowledgeable enough. Even the best and experience trader do record losses on some days, nothing is absolute. The important thing is to keep improving on your skills , then your chances of making a profit is significantly improved

[Razerglass]

I had experience in pump signal, I followed yobit pump signal and bought 1 Bitcoin any random coin. I lost 0.993 Ethereum in 5 minutes.

You lose money and you come here to explain the situation but this is not the correct path. Yobit pump groups are used for the dump tokens on the new traders late to the pump event. Never join such shill groups and be careful about combining pump-dump trades. Yobit is shay exchange and they don't return back the funds of the users.

[tabas]

People are also making thousands of dollars from trading which is making them rich.  If you don't have good plans or strategies  for trading, you might lose huge sum of capital within seconds. I will strongly suggest that you develop investment plans and strategies before investing in any crypto coin.

Trading isn't suit for everyone. There are experts in trading that making more but for someone who just known trading can be a potential good source of income and doesn't know fundamentals about it is likely to fail. Someone who just follow the trend and heard trading is good and then he started his own trading career without proper learning will have bad experience.

[tondenga2122]

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 without knowledge is the same as gambling. Because in this stage you just predict the price can go up or down by your feeling.
Why not try to start learning some Technical analysis? It is easy to understand, but hard to practice. Just keep trying dude.
Even when you can't really understand a TA, you can just analyze by looking on the News that incoming.

[tanjiran]

You are risking big money, have you done a market analysis and know the risks so you dare to play that kind of money? If you only do it because feeling like you do gambling, as explained below.

Trading without knowledge is the same as gambling. Because in this stage you just predict the price can go up or down by your feeling.
Why not try to start learning some Technical analysis? It is easy to understand, but hard to practice. Just keep trying dude.
Even when you can't really understand a TA, you can just analyze by looking on the News that incoming.

Trading is risky because the cryptocurrency price is very volatile, but price movements can be predicted. So, don't blame the trading, it's just that you don't understand the technique and what to do. It's time to learn and understand the risks.

[Uju4real]

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.

That was a great loss within a short period, normally I don't put such a huge amount to a particular coin, I split into bits and put in different coins,  one thing about trading is that it requires dedication, time and experience and monitoring. Sorry about your loss, always know to switch and also apply stop loss