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

[Btc_1856]

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

Technical analysis is always important in trading and it will help us to stay positive in the market. Every time it is not possible in the market to make profit continuously because the market situation cannot be the same and sometimes we have to take risk otherwise it is impossible for us to make profits.

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[posi]

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

Technical analysis is always important in trading and it will help us to stay positive in the market. Every time it is not possible in the market to make profit continuously because the market situation cannot be the same and sometimes we have to take risk otherwise it is impossible for us to make profits.

Yes, every investment have it own risk involving but technical analysis is just for making prediction and it doesn't mean the result ones get from the analysis is the trend the market will posed cause a single from the whales could destroy everything. However, i think what the OP need now is to accumulate more coins now cause next year market is always the best season to trade crypto.

[tambok]

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

Technical analysis is always important in trading and it will help us to stay positive in the market. Every time it is not possible in the market to make profit continuously because the market situation cannot be the same and sometimes we have to take risk otherwise it is impossible for us to make profits.

We should not just stick in one strategy, trading is a process, if we think that this strategy seems not working then let's look at the other technical analysis as well as combining it with the FA, for some traders they are using at least 2-4 technical analysis as they wanted to have confirmation before anything else, as much as possible they wanted to be 100% sure before trading.

[ice098]

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

Yes luck is needed but skill is needed too. In order for you to have a higher profit in trading , you need to stay calm and be  educated about everything regarding trading . Do your own research so that it would be beneficial to you it will make you win your trades because you know how market really works.

[wxa7115]

I rarely meet people who are short term/day traders and are in profit. I normally don't do short term or day trading and I suggest everyone here to learn HODL. Just do some research and see how much gain BTC has given to those who HODL, if you figure it out you won't go back to trading. I leave it you to find in this year alone how much gain BTC has given to its HODLers.

Very true, it's very hard to generate profits in daily or hourly trades because the bitcoin market is volatile and you need to be very lucky if you are trading with price and looking to sell and buy within hours. I have done that and it's almost like gambling when you try to make profit making trades within hours and even days.

The best way I personally felt when trading and still feel is that you buy at any price on the current market and just wait and wait until it goes up, I can promise that no one literally no-one can confirm when price will go up or down. So just sit tight and have patience once it goes above what you buy then just sell it don't get greedy.It takes 10-12 days to gain some profit but works well.

It is very easy to imagine yourself getting huge profits by becoming a day trader, but it isn't until you take a very serious look at the market and how it moves in the short term until those hopes begins to disappear, the volatility in the market of cryptocurrencies is legendary, you are not going to find another market that can move so fast and seemingly without any reason which makes day trading incredibly hard.

Because it is almost impossible to predict that the price is going to pump in such a sudden way when there is no indication in the charts that such thing could happen as such it is really difficult to become a profitable short term trader.

[jhonjhon]

It is really to understand the situation if you'd never been a focus on your trades. It actually we can't stop its volatility and the market keeps moving, you can just be thinking that once the market started to drop it will drop continuously, the same thing we will expect to happen when it goes up.

@ OP there are no mistakes of what you've done, only you can't catch the right time to sell/buy. Buy spending more time in trading you can make it right and just keep looking strategies that will enhance your capability and skills.

[error08]

For new traders often fall into a bull or bear trap without knowing what's the market heading to, in order to avoid such thing just need to watch others pro traders that sharing their TAs on several sites that easy to access, even in this forum there are such pieces of information.
For a start, trying to find information will be an important thing, then start with small funds to test the depth of the water. Do not try to trade on a daily basis or short-term, the last thing is patience to sell and buy at the right time according to information that you've gathered.

[marcous]

if you feel unlucky in the world of trading maybe it's not your passion, because not only you who feel like this. my advice don't overexert yourself if it's just detrimental. that's the crypto world, not as smooth as you think when you want to take profit. cannot be predicted with accuracy and requires a lot to learn from experience. save your capital with a pyramid system when you want to trade, at least don't trade all in your capital at one price

[Mr.Ease]

Its got nothing to do with luck...

You need to re evaluate your process...
1. Stop fomo buying.
2. Stop fear selling.
3. Learn to Hodl.

You get those down and youll do way better.

[Maslate]

Its got nothing to do with luck...

You need to re evaluate your process...
1. Stop fomo buying.
2. Stop fear selling.
3. Learn to Hodl.

You get those down and youll do way better.

So easy to say but too hard to do. But i believe these words will really change your life as you will start making good profits in trading. If you still find it hard to follow even one of these, then maybe trading will not work for you. Try some other alternatives to make profits in crypto other than trading.

[cutesgirl]

Its got nothing to do with luck...

You need to re evaluate your process...
1. Stop fomo buying.
2. Stop fear selling.
3. Learn to Hodl.

You get those down and youll do way better.

So easy to say but too hard to do. But i believe these words will really change your life as you will start making good profits in trading. If you still find it hard to follow even one of these, then maybe trading will not work for you. Try some other alternatives to make profits in crypto other than trading.

How many time you failed with trading? if once time you failed with trading I think every one have faced the same moment, I faced many time with failed with trading because  I buy some altcoin but have lower price, give me experience how to be better at the next time and I never give up for getting much profit with trading in bitcoin or altcoin because I want become rich person in bticoin trading.

[topbitcoin]

Its got nothing to do with luck...

You need to re evaluate your process...
1. Stop fomo buying.
2. Stop fear selling.
3. Learn to Hodl.

You get those down and youll do way better.

So easy to say but too hard to do. But i believe these words will really change your life as you will start making good profits in trading. If you still find it hard to follow even one of these, then maybe trading will not work for you. Try some other alternatives to make profits in crypto other than trading.

How many time you failed with trading? if once time you failed with trading I think every one have faced the same moment, I faced many time with failed with trading because  I buy some altcoin but have lower price, give me experience how to be better at the next time and I never give up for getting much profit with trading in bitcoin or altcoin because I want become rich person in bticoin trading.

Right, trading is something that not really instantly although you learn from your mistake, but will need time to be expert in it. I mean to analyze need a lot of condition of market then if we can learn a lot of condition of market, we can do something to at least avoid our mistake and minimize our lose when coin that we bought is not like what we expected.

[Assface16678]

Its got nothing to do with luck...

You need to re evaluate your process...
1. Stop fomo buying.
2. Stop fear selling.
3. Learn to Hodl.

You get those down and youll do way better.

So easy to say but too hard to do. But i believe these words will really change your life as you will start making good profits in trading. If you still find it hard to follow even one of these, then maybe trading will not work for you. Try some other alternatives to make profits in crypto other than trading.

How many time you failed with trading? if once time you failed with trading I think every one have faced the same moment, I faced many time with failed with trading because  I buy some altcoin but have lower price, give me experience how to be better at the next time and I never give up for getting much profit with trading in bitcoin or altcoin because I want become rich person in bticoin trading.

Right, trading is something that not really instantly although you learn from your mistake, but will need time to be expert in it. I mean to analyze need a lot of condition of market then if we can learn a lot of condition of market, we can do something to at least avoid our mistake and minimize our lose when coin that we bought is not like what we expected.

Many traders today are failing their transaction because of having a lack of confidence and trust about their investment and trading, in trading, there's a two common trading the short term and long term trading in the short term it tells all about trading daily that you are investing your money and convert immediately, but this kind of process does not bring a large amount of income, next is the long term trading that gives a huge profit, but it takes a lot of time to wait for the price of the bitcoin is the best example, the amount of the coin before is just over one thousand dollars, but today the price is over nine thousand dollars.
In being new in trading, you must get a lot of knowledge and resources like asking the old traders to get more info to win all of your trade and also if you are starting better to invest a small amount and get just a little information on trading.

[TitanGEL]

Its got nothing to do with luck...

You need to re evaluate your process...
1. Stop fomo buying.
2. Stop fear selling.
3. Learn to Hodl.

You get those down and youll do way better.

So easy to say but too hard to do. But i believe these words will really change your life as you will start making good profits in trading. If you still find it hard to follow even one of these, then maybe trading will not work for you. Try some other alternatives to make profits in crypto other than trading.

How many time you failed with trading? if once time you failed with trading I think every one have faced the same moment, I faced many time with failed with trading because  I buy some altcoin but have lower price, give me experience how to be better at the next time and I never give up for getting much profit with trading in bitcoin or altcoin because I want become rich person in bticoin trading.

Trading is a process of learning so it is expected that you may lose at the beginning. Mistakes are only normal because you are new in trading and commiting it is doesn't mean that you are failure. Strive more and study more to becomd better trader who have good management skills and trading skills. Your goal is to not be a rich person, your goal is to have good performance in trading in this year and to more years that will come.

[drlukacs]

Hello all,

need advise, if any exist
I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.



Am I doing something completly wrong? Or it is not possible to predict the movement of btc?


thanks
P.

Using indicators, you are wrong, indicators are only able to predict the trend with 60% accuracy and it usually happens when the candle has been completed. So to accurately predict the price of Bitcoin, we need to combine a few price action methods and some important resistance and support. Then, you will know what you have to do to not be too loss and maximize profits. All have information on google, your job is to search only.

[Kurokonobasuke]

Hello all,

need advise, if any exist
I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.



Am I doing something completly wrong? Or it is not possible to predict the movement of btc?


thanks
P.

Using indicators, you are wrong, indicators are only able to predict the trend with 60% accuracy and it usually happens when the candle has been completed. So to accurately predict the price of Bitcoin, we need to combine a few price action methods and some important resistance and support. Then, you will know what you have to do to not be too loss and maximize profits. All have information on google, your job is to search only.

There is really no certain percentage of accuracy given by the indicators. Indicator is a just a guide for us to identify the moving average of the market, knowing that orders seem to be overhelemed or insufficient comparing to its average can help us to determine if the market will go uptred or not.

[Webberson]

Different individuals engage in different method of trading. You can have same strategy, but different approach. Doing something wrong in trades, defines the strategy you are using and how you are applying such strategy. First, identify what you are doing wrong, then go about correcting it.

[Yamifoud]

Different individuals engage in different method of trading. You can have same strategy, but different approach. Doing something wrong in trades, defines the strategy you are using and how you are applying such strategy. First, identify what you are doing wrong, then go about correcting it.

Identifying one's mistake is very important and we need also feedback from the other people in order to make it right. But seeing how OP's express his losses, it probably he really doesn't have enough knowledge in trading and experience. It is a common thing to lose but we need to interact also and find a way to minimize our losses. Yes, strategy could be a big factor and that is he needs to acquire to have a better and profitable trading.

[Apened]

Different individuals engage in different method of trading. You can have same strategy, but different approach. Doing something wrong in trades, defines the strategy you are using and how you are applying such strategy. First, identify what you are doing wrong, then go about correcting it.

Very nice. I am also that kind of trader before imitating ones strategy but definitely it won't work unless we know how that people trade what kind of strategy when to entry and exit in the market. Then i found it not working even the best trader teach me so the thing is finding what strategies and time frames fits for me. There's no luck but there's a strategy and a lesson for every mistake that we will be able to experience.

[seramania]

you must immediately sell at high prices when experiencing an increase, btc price predictions do not seem to be done. so in my opinion the risk of you holding back is huge. in trading when profits directly sell. it's a classic strategy that still works today,