I am not lucky in trading - what am I doing wrong?

[Twentyonepaylots]

it's actually normal on trading scene where everything is not turning like you have expected, you might say A stuff but it's going to be B and most of us are experiencing the same kind of result everyday, i think it would just better to not taking your emotion when taking a decision just use your open mind.

Good advice, emotions not need to bothered you in order to continue moving forward, the market most of the time is against our expectations but learning  how to adjust and how to react accordingly is very important.

High emotion quotient (EQ) do really helps on establishing a proper discipline in trading, and so knowing your emotion response with what you.are doing is a must. Dealing with market should be emotionless but rather a technical, we will get into the point where we question ourselves if we are doing wrong and that is just a natural event knowing that we are just human. Reaction must based on what you did, not on what you expected.

If you are really eager to learn time will come and let you understand how things works and how you should prepare not only one but multiple strategy to work for you.

Another thing is with strategy, we might find a strategy that works almost all of the time but don't be fool by that, there are strategies that would be beneficial if it aligns your attitude in trading. Do not stick with fundamentals just because you're gaining with it, try to formulate your own or copy other's style but make sure that you are developing all throughout.

[1714894933]

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[1714894933]

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[FLoving]

Trading mistakes don't just happen to you, I often experience things like that, sometimes buying bitcoin becomes a height, if it turns out bitcoin is getting lower. Yes it is natural to happen because the ups and downs of bitcoin are sometimes wrong in predictions because they are too volatile, even though we actually see movement on the graph every day, but sometimes like to miss.

If you are thinking about trading in bitcoin then you both have to think for long term holding as even those are earning in long term holding who do not know anything about trading. While for altcoin traders I will suggest that they do day trading but not in the current time as currently the altcoin market is slow and only well experienced traders can do trade now. We remaining have to wait for the altcoin season.

[Aikidoka]

It's happening sometimes when you'll not be lucky in trading, but you don't need to stop that, I'm sure that everyone at some point will get a decent profit from gambling if they understand the market moves very well after getting a sufficient knowledge.

[Visbay]

You get it wrong, people do not need luck in trading. They need to understand first the technical analysis where you can have an idea wheere is the best time to entry and exit in trading. Do not base your decision by luck, you keep losing because you habe misconception about how trading works and you do not use trading strategies.

I'm not aggree, we need luck to success in trading especially cryptocurrency trading because the price often beyond technical analysis and could pump and dump just in hours. The price could be pump and dump by the whales. You need luck to follow the wave in a correct direction unless you're the whale.

Luck is not the whole thing in trading so to get profit we must have some skills. After skills in trading we can rely on experience but never think that you can win profit just by luck. It’s a matter of time that we need to work for gaining knowledge and learn how to control your emotions no one should sell their coins earlier, just need to be patient.

[hahay]

I think you did well, you sell when you predict prices will fall because prices cross the support line and when you decide to sell, then at least you think it's a profit to be gained, right? Because why do you sell when you know you will lose? If you realize that selling at that time is a loss, why can't you be more patient, because basically you realize that prices will rise and fall quickly. So in this problem is about emotional control which in the end you panic.

[Oilacris]

You get it wrong, people do not need luck in trading. They need to understand first the technical analysis where you can have an idea wheere is the best time to entry and exit in trading. Do not base your decision by luck, you keep losing because you habe misconception about how trading works and you do not use trading strategies.

I'm not aggree, we need luck to success in trading especially cryptocurrency trading because the price often beyond technical analysis and could pump and dump just in hours. The price could be pump and dump by the whales. You need luck to follow the wave in a correct direction unless you're the whale.

Luck is not the whole thing in trading so to get profit we must have some skills. After skills in trading we can rely on experience but never think that you can win profit just by luck. It’s a matter of time that we need to work for gaining knowledge and learn how to control your emotions no one should sell their coins earlier, just need to be patient.

I tend to disagree on some points about luck which i do highly believe that it do somewhat need a mix of it when trading yet we know on how unpredictable the market is.No matter how good your analysis
is if the market would tend to oppose its direction then you would still lose that trade.

Questions in mind on whats going on or something wrong in our trade is always there.Due to unpredictability of the market these things arent new.Just be patient and learn up from those experiences
and you will able to grasp on how to deal with it.

[Ridwan Fauzi]

I think you did well, you sell when you predict prices will fall because prices cross the support line and when you decide to sell, then at least you think it's a profit to be gained, right? Because why do you sell when you know you will lose? If you realize that selling at that time is a loss, why can't you be more patient, because basically you realize that prices will rise and fall quickly. So in this problem is about emotional control which in the end you panic.

Also this is just because he wasn't believe that his prediction/analyst will going well. I guess being a trader should/must believe to their own prediction. They must have confidence that their predictions will lead to profit, do not ignore price movements so they can create a high panic because it is really bad. Actually, OP can make another strategy when his prediction going wrong, such as choosing hold strategy. I get used to use this strategy, when my prediction is went wrong I just choose hold for long term investment or I'll sell them when them I've got profit.

[Ahiaba]

Trading is not main for everyone because if you cannot discover what you are doing wrong that is making you to be making losses since you have started trading crypto currency till date then you just have to quit trading and look for something else doing that will make money.

[Maslate]

Trading is not main for everyone because if you cannot discover what you are doing wrong that is making you to be making losses since you have started trading crypto currency till date then you just have to quit trading and look for something else doing that will make money.

Exactly. There are really individuals who cannot trade successfully and end up losing most of the time. I suggest that you should take a break first and find some other way how to make an income from crypto. I know there are a lot of ways in crypto, only you should be explore the crypto world.

[quality.crypto]

Trading is not main for everyone because if you cannot discover what you are doing wrong that is making you to be making losses since you have started trading crypto currency till date then you just have to quit trading and look for something else doing that will make money.

Exactly. There are really individuals who cannot trade successfully and end up losing most of the time. I suggest that you should take a break first and find some other way how to make an income from crypto. I know there are a lot of ways in crypto, only you should be explore the crypto world.

Exactly, if we don't find anything profitable through trading, we should deviate our interest to others where we can make money. There are many other ways where we can make money because sometimes it is very hard to find those activities. Every time it is impossible for us, to keep on investing in different investments.

[Karmakid]

Trading is not main for everyone because if you cannot discover what you are doing wrong that is making you to be making losses since you have started trading crypto currency till date then you just have to quit trading and look for something else doing that will make money.

Exactly. There are really individuals who cannot trade successfully and end up losing most of the time. I suggest that you should take a break first and find some other way how to make an income from crypto. I know there are a lot of ways in crypto, only you should be explore the crypto world.

Exactly, if we don't find anything profitable through trading, we should deviate our interest to others where we can make money. There are many other ways where we can make money because sometimes it is very hard to find those activities. Every time it is impossible for us, to keep on investing in different investments.

This is what the people mostly in the cryptocurrency community are doing, they are so obsessed in the hustle of cryptocurrency that they think that they should forced themselves to be profitable in this market forever. They didn't realized that the cryptocurrency market is such a small fraction of opportunities in this world. There is real estate, stock market, e-commerce etc.

[jostorres]

If you are not lucky in trading it should be a big lesson for you to stop. If you want to earn for long term try to invest bitcoin and hold until it goes up. Somehow it can help you to manage and watch the flows of the market.

I think it's better to review @OP's strategy. Sometimes trading needs your focus and passion plus the knowledge doing it. But sometimes even if you are doing your best, the outcome does not come out as expected. That's why its better to always learn those different technical analysis tools.

Luck is required in trading although not entirely but there is certain amount of luck required with good amount of skills. Bitcoin price trading has fascinated me over the years but I am always very bad at predicting it, I remember there was a website where you predict if bitcoin will go or down in the next 30 minutes and they double your money if you predicted correctly. I was even bad on that game because its really tough to predict the market trend what's going to happen next.

Suggest for OP : Since you are buying and selling like big amounts 0.8 BTC just save them until the next halving occurs and you will thank me later, don't aim smaller profits just wait and grab the big fish.

Note : just my opinion please note there are always risks involved in holding too.

[Viscore]

Stop thinking that trading is based on luck, it's based on skills, you might struggle at the start but if you will keep learning and correcting your wrong decision, you might grow and succeed in the long run.

People who are successful in trading fully relies on their skills and that cannot be achieve in just a short period of time, it will take a lot of time to practice before you master it, that's the thing you should do, be realistic and focus on what you do.

[LUCKMCFLY]

Actually it is very difficult to predict the price of Bitcoin, volatility can help, but it cannot be speculated in the market in that way, there are always some ways that help to give a tendency of the movement, you may have to learn to identify them.

In the market there are people who move the market due to its high volume of money, many Bitcoins, you must try to understand the market, you can not gambling, because you lose, study a little, I recommend you read some Livermore ibros, he was A great stock market speculator and teaches many techniques that can be applied to the crypto market..

[MWesterweele]

it's actually normal on trading scene where everything is not turning like you have expected, you might say A stuff but it's going to be B and most of us are experiencing the same kind of result everyday, i think it would just better to not taking your emotion when taking a decision just use your open mind.

At first, you will started to be confused in everything, and will also learn to loss some of your money or the coin you are holding. We need to be careful in each trade you are doing so that by next time you will not be losing more of the money you are investing or playing. It is okay to be wrong sometimes, as long as that you will learn from it. Luck is only a secondary trait that you must have but it is . Learn from mistakes and never do it again.

[The-Devil]

Luck is very important for trading. Many can earn a lot of profit due to good luck. So I want to say that for trading, like skill, there is luck. If luck is not good then success cannot be achieved by trading. No one can control fate. So those who have good luck can achieve success by trading.

Thank you

[alan2here]

Actually it is very difficult to predict the price of Bitcoin, volatility can help, but it cannot be speculated in the market in that way, there are always some ways that help to give a tendency of the movement, you may have to learn to identify them.

In the market there are people who move the market due to its high volume of money, many Bitcoins, you must try to understand the market, you can not gambling, because you lose, study a little, I recommend you read some Livermore ibros, he was A great stock market speculator and teaches many techniques that can be applied to the crypto market..

Bitcoin usually has very fast volatility and every investor analysis is incorrect when this happens. At the moment, you should stop trading during this time and find a better solution because Bitcoin will certainly be difficult to help you make good profits. However, you can choose long-term investment instead of day trading because long term investment will be better.

Of course, the final decision is yours and needs to have a specific plan before doing this because even a small mistake will make you lose money.

[Yatsan]

it's actually normal on trading scene where everything is not turning like you have expected, you might say A stuff but it's going to be B and most of us are experiencing the same kind of result everyday, i think it would just better to not taking your emotion when taking a decision just use your open mind.

At first, you will started to be confused in everything, and will also learn to loss some of your money or the coin you are holding. We need to be careful in each trade you are doing so that by next time you will not be losing more of the money you are investing or playing. It is okay to be wrong sometimes, as long as that you will learn from it. Luck is only a secondary trait that you must have but it is . Learn from mistakes and never do it again.

Experience is the best teacher in trading. Losing or winning in trade is just fine as long as you are not gonna stop on trading when you are losing just think of it as a fee because you learn something for that loss. I remember when I was just starting to trade, I always lose my trade got too emotional and go all in, in the next trade, I end up losing almost all of my money. Still, what's important there is I learn to control my emotion after that incident. Today I am still trading and still learning. Just don't stop when you lose!

[Karmakid]

it's actually normal on trading scene where everything is not turning like you have expected, you might say A stuff but it's going to be B and most of us are experiencing the same kind of result everyday, i think it would just better to not taking your emotion when taking a decision just use your open mind.

At first, you will started to be confused in everything, and will also learn to loss some of your money or the coin you are holding. We need to be careful in each trade you are doing so that by next time you will not be losing more of the money you are investing or playing. It is okay to be wrong sometimes, as long as that you will learn from it. Luck is only a secondary trait that you must have but it is . Learn from mistakes and never do it again.

Experience is the best teacher in trading. Losing or winning in trade is just fine as long as you are not gonna stop on trading when you are losing just think of it as a fee because you learn something for that loss. I remember when I was just starting to trade, I always lose my trade got too emotional and go all in, in the next trade, I end up losing almost all of my money. Still, what's important there is I learn to control my emotion after that incident. Today I am still trading and still learning. Just don't stop when you lose!

I agree with this. Instead of looking at the negative side, look for the positive and be optimistic. Losing money and having failures in your trading is pretty normal because that is how the growth starts and that is what we need in order to continuously improve ourselves and become the best trader that we could ever achieved.

[wajik-tempe]

Luck is very important for trading. Many can earn a lot of profit due to good luck. So I want to say that for trading, like skill, there is luck. If luck is not good then success cannot be achieved by trading. No one can control fate. So those who have good luck can achieve success by trading.

Thank you

But if we just rely on luck no matter how much we already earned. We will get rekt at the end because we will trust that we will always win every trade without measuring the risk. Having a risk management skills and basic technical analysis skill is needed to survive in cryptocurrency trading