redsun114
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November 19, 2019, 08:20:34 AM |
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So Everybody like to talk about winning and profits.... But traders honestly how much You are losing? Daily weekly Monthly?
Im sure the Beginners lose coz of FOMO.
I agree beginners will lose but there will be no compulsion for them to accept those losses. Unlike any other trading environment, here in bitcoin trading you will never need to book losses even your current portfolio is in losses. You can wait and you can turn your positions into big profits over the time because bitcoin is known for promising such a big opportunity of all the times for its traders. If your trading bitcoin against USD values then you can simply hold your position and waiting for bitcoin prices to have new ATH. It is going to be almost 2 years since bitcoin has hit its current ATH, and this must be the right time bitcoin may bounce back to its ATH so simply holding your positions will definitely cover up all your losses. Everyone will be winning and losing in trading but definitely not the long-term holder. That is the magical opportunity we can enjoy with bitcoin. So, cannot expect everyone is facing losses in crypto trading. Smart traders will never accept their losses in bitcoin trading.
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Jocuserious
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November 19, 2019, 09:10:48 AM |
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I haven't fixed for that because many time i got more loss, when i was starting trading in first time. It is difficult for business influencers to tell of their loss at same this trading. If you have no enough skills about trading then your lossing line will be lot of. For every businessman determined that if you want to win, you have to lose the first time.
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fabiola!
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November 19, 2019, 11:03:16 AM |
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New traders risks a lot so they make more losses which even i did at beginning after many days of making loss , after 2 years i was at break-even now i am at a stage where i make profits , i am not saying that i dont make losses i try to make them minimum , after i reach some amount of loss i stop trading for that day
new traders more loss and capital loss
experienced traders protecting capital , minimising losses , making profits
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acdc
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November 19, 2019, 11:10:11 AM |
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Perhaps 90% of traders in the cryptocurrency market have had a FOMO once and I am no exception. In 2018 I encountered FOMO with a few junk coins and lost about 1 BTC. Entering 2019, I changed my tactics, I only kept the coins in the top 10 largest coins in the market. Up to now I have not been able to determine how much my account is losing but my goal is to sell by the end of 2020, maybe until then I have the correct conclusion.
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jakelyson
Legendary
Offline
Activity: 2226
Merit: 1069
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November 19, 2019, 11:25:11 AM |
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It is hard to be a trader. Those who say that they never lose are liars. Even now, I am still negative on my portfolio. Just waiting for it to kick back up before I realize my profits. It is just paper loss until you sold it anyway. Perhaps 90% of traders in the cryptocurrency market have had a FOMO once and I am no exception.
It is a common mistake by newbie traders especially those who just follow influencers. Good thing you learned your lesson. The important thing is you don't repeat your mistakes.
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Cling18
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November 19, 2019, 11:47:16 AM |
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I actually don't focus on my losses but rather focus on how to earn. I count my profit more than my losses because that could uplift my trading experience. As long as we are gaining a good profit more than our losses, I guess focusing on what we have lost is never a big deal.
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Bob Smith
Newbie
Offline
Activity: 22
Merit: 0
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November 19, 2019, 11:56:15 AM |
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One can lose anytime. Every trader plans at the best of his/her capacity which is trying the best to end the day in green.
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lienfaye
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November 19, 2019, 12:21:18 PM |
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So Everybody like to talk about winning and profits.... But traders honestly how much You are losing? Daily weekly Monthly?
Honestly I dont count my losses its because I can afford to lose the money I use for capital so its better to forget and move on. Moreover losing is part of trading so its quite normal to make mistakes, what important is you learned something from it. Im sure the Beginners lose coz of FOMO.
Well if a beginner is dont have enough knowledge and strategy when they started their journey in trading then this might really the case.
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MURONDI
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November 19, 2019, 12:39:22 PM |
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I experienced a lot of losses on crypto, I participated in various campaigns, bounties and airdrops, so I get various kinds of crypto, I can't focus on trading because of the many types of crypto that I hold, I let all my cryptos have until the price became very cheap.
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clickerz
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November 19, 2019, 01:11:55 PM |
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Perhaps 90% of traders in the cryptocurrency market have had a FOMO once and I am no exception. In 2018 I encountered FOMO with a few junk coins and lost about 1 BTC. Entering 2019, I changed my tactics, I only kept the coins in the top 10 largest coins in the market. Up to now I have not been able to determine how much my account is losing but my goal is to sell by the end of 2020, maybe until then I have the correct conclusion.
Same here, but to my estimates, I think I lose more than half of the original holdings. Most of my holdings before were tokens from campaigns and us that altcoins losses more after the Bullrun. Even major coins lose value too, so its not a surprise that majority losses. I change my strategy too to covert most of holdings to BTC,etc, e and another major crypto.
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Open for Campaigns
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Polo7 (OP)
Jr. Member
Offline
Activity: 392
Merit: 7
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November 19, 2019, 01:15:37 PM |
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When I trade I learn about one or 3 spefic coins. I learn about the Pattern of those coins.
The top coins moving pretty much the same way like btc.
Now there is maybe usd/btc pair Price swing 2-5% max... If u considering entering point and exit point... 2-5% average volatility not Enough.
I have made Good profits recently with atom and Grin... Once their volatility goes down then I need to pick Up other coins....
The one Good coin was bch sv I made profit at least 15% in 24h with bch sv.
But You Got to learn about coins... And also keep the Eye on whale alerts Before the whales make big moves they tend to cover their tracks Now!
All im saying just learn about some coins spefic coins on spefic time
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pamsugas
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November 19, 2019, 01:35:16 PM |
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I've lost money in 1 week to $ 700. all of my trading sure have experienced the same thing with me. Even though I have been trading for 2 years now, I often lose money, but what needs to be considered is risk management so that I don't lose money when trading.
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kodtycoon
Legendary
Offline
Activity: 1568
Merit: 1002
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November 19, 2019, 01:57:15 PM |
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accumulating losses will only make the pressure increase and that's why i no longer remember the losses that happen because with us continuing to trade then at least it will make our activities better, only making a loss as our motivation to trade better and always controlling emotions is the most important when compared to us only chasing losses
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nreal
Full Member
Offline
Activity: 932
Merit: 100
arcs-chain.com
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November 19, 2019, 01:57:44 PM |
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Very few people want to talk about failure, And they don't want to report the amount of money lost. In the beginning, me too, I estimate I lost more than 50% of my capital in the first 1 month I started trading. It was a difficult time when I kept thinking about the lost money.
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Shimmiry
Full Member
Offline
Activity: 840
Merit: 105
★Bitvest.io★ Play Plinko or Invest!
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November 19, 2019, 03:32:38 PM |
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So Everybody like to talk about winning and profits.... But traders honestly how much You are losing? Daily weekly Monthly?
Im sure the Beginners lose coz of FOMO.
When I'm playing different trading, I prepare the amount of money that I will spend the whole day because it is better to avoid losing income and also to have self-control. I trade most of the time, and this is part of my daily routine that must perform before doing other things. For me, trading gives me more energy. In my every day bet or wage, I just set 200 dollars as the minimum amount, and over 250 dollars is the maximum because this is enough only for earnings. Frequently I always win the trade, so I earn a profit while enjoying, but not all the time luck is with me, then I lost my 180 dollars from the previous transaction.
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Polo7 (OP)
Jr. Member
Offline
Activity: 392
Merit: 7
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November 19, 2019, 04:27:15 PM |
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Years ago I only had losses!
Now im Even more motivated to trade coz I have lost total few thousend for sure!
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beerlover
Legendary
Offline
Activity: 2954
Merit: 1169
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November 19, 2019, 04:46:02 PM |
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I have not really lost too much in the sense that I am in negative but I have lost a ton on my profits. I have traded bitcoin for 7 years now so I had a lot of ups and downs but if I had no downs I would have been super rich right now, literally would have not needed to work a single day in my life type of rich. I could have lived a 5x times better life with just the interest of what I earned.
When you look at how much I made on my profitable trades you would think I am the richest person here but when you look at the losses it is too sad. I had days where I literally bought ethereum from 34 dollars once and I was around when it was 1500 dollars but you know what I did? I sold at 78 dollars when it "peaked" in my mind. There are thousands of moves like that I did.
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Free1bitco.in
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November 19, 2019, 05:04:06 PM |
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Most long-term traders suffer losses by the end of 2018, and I think many people are selling frantically at the time. in fact, I also suffered losses due to the falling prices that occurred at that time and sold some of the assets that I had. however, I did not count the losses I got. some people certainly do things like I do, because seeing the value of assets in the wallet alone is already stressful and dizzy
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NavI_027
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November 20, 2019, 12:37:31 AM |
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Im sure the Beginners lose coz of FOMO.
Well, that's normal and very understandable because committing mistakes is really inevitable especially in this stage where they still lack experience and knowledge. Another one of the reasons why newbies lose a lot is because of panic selling. Their hearts are not yet fully prepared or didn't expect how brutal our market that's why they tend to sell once and for all even due to small downtrends. Nevertheless, it's not what matters the most. We should help them grow and don't hesitate to tell pieces of advice for them to have guidance along their journey. Always remember, the happier each one of us (especially newbies) here, the more our community remains strong .
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Shasha80
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November 20, 2019, 01:42:50 AM |
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Actually I really hate when discussing the losses that I have experienced, because it is a painful thing when we remember. But speaking of losses in trading, I am very sure that everyone has experienced them. Because of cryptocurrency trading very difficult to predict price movements, although our analysis is good sometimes price movements can change suddenly. But for senior traders losses can be minimized by the knowledge possessed. Which is dangerous for newbies usually most often experience losses in trading, even owned capital can be exhausted. Because most newbie trading just follows signal other people or even just use instinct.
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