tabas
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September 13, 2019, 11:16:54 PM |
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I think he is trading with high leverage and this is a risk, you should learn to trade because this is not trading but gambling.
You can't remove the fact that in trading there's always a risk. Whether you trade at the lowest possible outcome, you will have to take the risk. It has always been associated too that trading is a kind of gambling because there's risk but let's not compare and trading. They are both two different areas where you can mostly excel on the other area while not for the other side.
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zuziekatee
Jr. Member
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Activity: 139
Merit: 1
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September 13, 2019, 11:43:50 PM |
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I believe you trade either for long term or short ! In crypto they say you don’t lose until you sell at loss ! Although some people don’t know the trading rules which turn them to forceful holders which they didn’t plan because of lack of orientation !
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airdropan
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Activity: 532
Merit: 11
♦♦♦♦♦
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September 14, 2019, 02:22:37 AM |
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its okay, something normal for them , my mean for newbie to learning from what their doing, maybe some newbie didn't want to learn before they do trade. also most of them want to get rich by instans. Without many knowledge they just throw their money
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andriarto
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September 14, 2019, 04:32:47 AM |
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I think he is trading with high leverage and this is a risk, you should learn to trade because this is not trading but gambling.
You can't remove the fact that in trading there's always a risk. Whether you trade at the lowest possible outcome, you will have to take the risk. It has always been associated too that trading is a kind of gambling because there's risk but let's not compare and trading. They are both two different areas where you can mostly excel on the other area while not for the other side. I think the difference between the two is quite clear between gambling and trade. Gambling only relies on feelings and luck factors, while trading using strategy and luck becomes the last hope. and usually their novice traders rely on their feelings and emotions in trading, of course, once in a while they are lucky, but it has a lot to lose, and finally they realize trading is not as easy as they imagine
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Absolutep
Jr. Member
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Activity: 434
Merit: 2
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September 14, 2019, 04:39:41 AM |
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Are you playing to lose or you are playing to win? a friend of mine lose all his bitcoin to trading and when he started complaining about i decide to take a look and i detected that he traded in a gambler's way. He has 100$ and he traded just twice with 50$ which results in quick lose,im not an trading expert but most trading platforms always warn traders to limit their trading to the highest of 10$ which would have given him more chances to continue trading
Apart from not learning how trading works he is playing to lose,i think this is what many newbies are doing as well,if you are doing the same you will always end up losing your money,if you want to bet 50$ on a trade you must have thousands of dollars on the trading platform not trading with 100$ and be praying for a miracle.
Trading is not something you can rush,expert traders out there spend days trading for profits and if a particular day is full of loss they quit trading for that day.
seriously, if you are talking about crypto trading then i will say you should not make it look like a gamble, the amount you trade with does not matter here, what matters is you investing in the right coin so that you can make your profit.
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marcbitcoins
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September 14, 2019, 04:44:37 AM |
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Being expert and skilled in trading will not guarantee a sure profit but sometimes it needs to associate with luck. If your friend is just lucky on that day you will might also follow his steps and will depend on luck too but if we don't have the courage to do the gamble then it would be better if we do not put all of our eggs in one basket.
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anggaem
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September 14, 2019, 05:05:06 AM |
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if your friend is a newbie it's normal for me. I have also experienced and done the same thing but I learned to improve money management and technical analysis after that. I think every beginner has experienced that, and the valuable thing they get is the experience and the desire not to lose again.
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Torps1
Member
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Activity: 574
Merit: 12
Kuvacash.com
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September 14, 2019, 05:27:27 AM |
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Trading is more sophisticated than it seems to appear. Learning the basis is not even enough! Learn and practice then gather experience. Emotional balance is as important as any best strategy to think of. Trading requires lots of patience too. Too many things to take care of before consistent profit can be achieved. Newbies must learn over and over before trading if they want to profit.
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Viceroy
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September 14, 2019, 05:53:22 PM |
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Sad for him, of course but we all have to learn. He made some actions and this is a base for analysis. Some never dare to start.
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nxnqauff
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Activity: 840
Merit: 17
PG-PAY Gold Backed Token
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September 14, 2019, 05:54:49 PM |
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New traders tend to lose is not a new thing. Its always like that and it does not matter whether its crypto or stock trading. Over the time, they learn tricks. if they dont learn those tricks, they will not be successful.
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gunhell16
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September 14, 2019, 05:56:49 PM |
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I am playing to win big. We should not play the game and start fast if we want to win. We should wait for some time and let the game goes on while watching it. I took 2-3 days watching the movement before i start playing. i also follow their social media and telegram if i want to gain more. One of the best movement we are having now is EOSBET @ BINANCE DEX.
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[/tabl
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Alohadanc3
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Martian Swap - Anti Whale Measures New Yield Farmi
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September 14, 2019, 07:01:53 PM |
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Its not just your friend there are many people who lost their money in trading. Trading is a very profitable way to push your asset up but only when you are a expert. In most of the cases newcomers think trading is very easy this whole market is just made of green marks. Some of them are into fake pump and dump group and after in few days they lost their asset. That's why I always recommend if you are new to this market or don't understand how trading works then just hold bitcoin and educate yourself how this market works and then go for day trading.
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seleme
Legendary
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Activity: 2772
Merit: 1028
Duelbits.com
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September 15, 2019, 03:34:53 AM |
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Not only your friends but the majority of the traders are also the feeding source of another side-winners. The market always rewards the best traders who have the proper education on the required spheres, the average trader is not able to gain a decent profit in the crypto markets. Many traders lost the amounts bigger than they can afford to lose due to the emtoional trading especiailly the greed. The fear and greed are the two enemies of the any trader but traders prefer to do what they think about the market trading patterns. Trading the patterns is the name of the required skill from the traders and the knowledge is essential as a confirmation of the trades.
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coinsycrip09
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September 15, 2019, 05:31:49 AM |
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if your friend is a newbie it's normal for me. I have also experienced and done the same thing but I learned to improve money management and technical analysis after that. I think every beginner has experienced that, and the valuable thing they get is the experience and the desire not to lose again.
yup! you are right. indeed every newbie must have passed that time. and it is a great experience as well as a great teacher that will keep us learning more. no matter how big a mistake we made in the past, if we want to learn, i think one day we will be successful in trading. until now i also continue to study and try to collect more profit than loss. i hope i will succeed.
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Shadidalam1111
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Activity: 109
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September 15, 2019, 08:57:28 AM |
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They are rushing and not thinking to predict what will happen on the market in the future. Maybe it can be a lesson to people who want to start to join in crypto.
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Crypto_lion
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NEW MEDICINE:Faster, Safer, Smarter
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September 15, 2019, 09:02:47 AM |
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Trading short term is a receipt for disaster in any market and I have learnt it the hard way . Factor in the 24 hour window and the extreme volatility in crypto currency you are more likely to exit at a loss
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Ss4sukE
Jr. Member
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Activity: 406
Merit: 3
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September 15, 2019, 09:09:06 AM |
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many say trading is very easy and very fast to make money, but for me it's not like that. for me trading faster drains assets and thoughts! I have learned to trade for one year but the return is only a few% of the capital that I use. but I am beginning to understand that trading is a high risk if you do not have the skills, experience, patience, not panic and can also control your emotional attitude when trading.
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Brunus
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Rasputin Party Mansion
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September 15, 2019, 10:11:00 AM |
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Trading - crypto or traditional - can allow good earnings, but only if it is dealt with seriousness and discipline, and under the guidance of an experienced trader. Most new traders believe instead of being at the casino, and obviously the results are the same as at the casino.
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X-avier
Member
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Activity: 406
Merit: 10
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September 15, 2019, 10:49:36 AM |
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Are you playing to lose or you are playing to win? a friend of mine lose all his bitcoin to trading and when he started complaining about i decide to take a look and i detected that he traded in a gambler's way. He has 100$ and he traded just twice with 50$ which results in quick lose,im not an trading expert but most trading platforms always warn traders to limit their trading to the highest of 10$ which would have given him more chances to continue trading
Apart from not learning how trading works he is playing to lose,i think this is what many newbies are doing as well,if you are doing the same you will always end up losing your money,if you want to bet 50$ on a trade you must have thousands of dollars on the trading platform not trading with 100$ and be praying for a miracle.
Trading is not something you can rush,expert traders out there spend days trading for profits and if a particular day is full of loss they quit trading for that day.
Yes, that's right, you noticed, your friend, like many who come to cryptocurrency and trading, thinks he can get rich in 2 clicks. But, of course, this does not happen, trading, as a rule, is a separate problem, and in order to start making money on trading, you need to devote a lot of time to understanding the philosophy of the market, yourself and the crowd. Choose a niche in which you can fully realize yourself, which means that you will have to trade in more than one cryptocurrency market. I could list for a long time what needs to be done to become a successful trader, so tell your friend if he really wants to become a trader, then you need to start training, and let him start his training with a risk limit)) If you do not want to study, it’s better to just go to the casino.
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aggress0r
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September 15, 2019, 11:02:16 AM |
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People treat crypto as a gambling or a game with a "quick profit" mode. It can really work in some occasions but crypto is too complex and unstable. Even great traders using tech and fundamental analyses can lose funds. IMHO such people are too greedy and want "all at once" as they also been influenced by media and advertising channels that promote "quick" rewards. It's more important to discipline greed and discipline yourself, patience, more patience and clear mind.
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