trade makes me poor

[moonhub]

When you trade you need to have a golden rule to have a risk of only 1-3% of your portfolio. Don't worry to get only 1% daily, it's a very good profit, even for professional traders. If somebody will try to get money from you for trading and will tell you that you will get a lot of %, don't be fooled.

My golden ryle is — if possible, do not trust anyone.

[Perfect35]

If one is starting to trade and yet trading or even investing with the whole of his hard earned money or better still l not trading with spare money, such is calling for serious regret, because there is every chance that he loses at some points and you never can tell which will be affected.

[PuertoLibre]

Right now, trading alts kinds of makes everyone poor. It's very difficult to trade alts due to btc dominance. Anytime an alt makes a move up, btc crushes it a week later.

So for now, holding may be the best bet. And unfortunately for alt people, even holding results in losing money lately...

Holding the altcoins will result in the less balance in the bear market but holding the top cryptocurrencies will lead a richer portfolio in terms of dollar value. It is not easy to trade the altcoin while Bitcoin dominance on the pick point of the crypto history.  Generally, the poor trading returns means the trades by the unexperienced trader and using indicators in the crypto market is meaningless, waste of time from my general market analysis.

[babysweetTiger0401]

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.

Have you forgotten that once you enter into cyrpto trading it has a risk involved because of the volatility of the market, that's the dangerous things we have in this business concept. Then, if you lost 1000$ probably the methods you used for trading was obviously wrong so the result was that your capital melted away. So the better thing you can do for now is think and accept as your charge experienced learn from it and move on dude.

[setialovers]

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 profitable for some people but it can also bring harm to others. If we don't have a good trading system, our trading could lose but if we already have a strategy and are able to read market movements, I think trading can be profitable

[R.A.Y]

the volatile crypto market, which made some allcoins experience surges and falling prices, experienced traders can certainly read this signal,
 for novice traders must learn more about buying and selling.
 to avoid more losses, do not stick to the price but must find the latest information about crypto developments.

[Nurma.A]

Maybe you are wrong in trading. Trading requires trading knowledge, concentration, patience, and tactics. You cannot always follow Fomo or FUD in trading. I am sure you are too following the trends.

You better learn the science of trading. And that you can find on the internet. Make this your first and last learner. Good luck.

[Flor1982]

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.

For me, trading is like gambling too because the price is really unpredictable that is why i considered it risky but trading is better than gambling because i did not heard anyone became rich because of gambling unlike trading in which many have become in prosperity so i suggest to wait for the bullish market and try again.

[Ta.Form]

It was a very large amount. What coins did you buy? Did you not check information about that coin?
That is the biggest mistake. In trading, you must continue to look for information about the coins you want to buy. The most forbidden thing to do in trading is that you buy coins because you don't want to miss when prices are rising. It can make you lose in an instant.

[killat]

NO ONE IN THE UNIVERSE can predict "the market".

Understand this for the rest of your life - There are NO patterns in random noise, which is what short term market movement is about. There NOTHING for your or an AI to learn.

Traders are always trading against what is happening in the world and how OTHER traders react to it. An AI can never understand that.

[Chikito]

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.

No, when you want to experience with crypto trading use small money don't get your money over $10. then when you loss aren't much and not frustated came. You make mistaked by experience with crypto especially initial coin. trading cryptocurrency need high skill, you have to learning year by year to know how situation of market price. not instance to know it.

[ttcsalam]

With the price hike reduced. In this market. Those who have profited. They are doing just profit.If you do not understand the position of the market, then you will be lost. So well know and understand.

[Coltpython]

It's true that gambling is not so different from trading right now. I picked some alts at favourable positions using TA and everything seems to be going well until btc started its movement again and I watched as my little profit got wiped off one by one

[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 very different from gambling. I think ome thing the crypto space has taught me personally is the ability not to be greedy when trading. You can't tell exactly what the market situation will be. The best shot one  an have is not putting all his money into a single investment.....the money can be distributed into several trades such that if you lose one, you stand the chance of having other coins to continue  your investments

[doomloop]

Yeah lose and profit is all about the trader when people are new so they should not trade for shorty term and as you said all of use to lose we only should gain experience. Trading does not make anyone poor but their greed and their bad nature makes. Learn about it before trading then it will make you rich.

[olabiyijummy02]

In a lot of cases, Trading resembles betting because you need to be mindful to the altcoin you pick to exchange constantly set a stop lose this is critical to not losing more cash. That is why i strongly recommend you trade with trading bots.
By trading due to the Fear of missing out is by far the worst strategy because that is the easiest way to loose your money as you are setting yourself up for bad decisions. The Bitcoin price activity is always a good guide and dont assume you know the market.

[babysweetTiger0401]

NO ONE IN THE UNIVERSE can predict "the market".

Understand this for the rest of your life - There are NO patterns in random noise, which is what short term market movement is about. There NOTHING for your or an AI to learn.

Traders are always trading against what is happening in the world and how OTHER traders react to it. An AI can never understand that.

I doubt trading makes us poor, this is not true. Although, in trading you could face or encounter win or loss but it doesn't mean it can lead you into poor situation. Unless you careless being trader in crypto trading that's possible I guess. But as a traders here you need to feed yourself everything about in trading just like in Technical analysis, candlestick and etc.

[jcarlo]

NO ONE IN THE UNIVERSE can predict "the market".

Understand this for the rest of your life - There are NO patterns in random noise, which is what short term market movement is about. There NOTHING for your or an AI to learn.

Traders are always trading against what is happening in the world and how OTHER traders react to it. An AI can never understand that.

I doubt trading makes us poor, this is not true. Although, in trading you could face or encounter win or loss but it doesn't mean it can lead you into poor situation. Unless you careless being trader in crypto trading that's possible I guess. But as a traders here you need to feed yourself everything about in trading just like in Technical analysis, candlestick and etc.

Everyone has different predictions and analysis and I think not everyone who trades makes a profit, many traders lose because of the wrong strategy. Trading is indeed profitable if we have a good strategy and fit with our psychological but if we are not disciplined with our strategy, then we can lose our money

[UniversityCoin]

Do not forget that trading in the crypto market is much like a casino. You may be lucky or vice versa. Therefore, when trading, you should understand that you can incur losses at any time. If you are not ready for this, then you better do another thing.

[Daha19]

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.

Yes, it’s a kind of gambling and lottery, but here it all depends on you and here it’s more possible to hit the big jackpot