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

[freedomgo]

Try to improve your trading strategy and don't think about luck, think more on your skills and knowledge and that area you need to improve.
You don't need to win every time, you just need to be consistent by making good decision so you will be profitable in the end.
it's a matter of being realistic and accepting your mistakes and correct it.

[novaprime]

Just to clarify, knowing a coin's history you wanted to trade with doesn't always matter since it'll be your just basis regarding on its playes' behavior. Thus, you are just looking for a pattern here which doesn't always definitely work because whales on the particular coin behaves upredictably; forcing you to use indicators and charts more dynamically.

One of the most common mistakes that I see in the market is using the past to try to predict the future, many begin to see patterns in the way the price moves and if you try your theory a few times it may seem as if your theory makes sense but many never really try their theory for long enough to see all of those times in which their theory is wrong and then when they begin to trade the markets they realize that they had no chance of making money with that strategy but by then it is too late.

I have also seen a lot of investors who often make these predictions and really the past can never be the same as the present because everything is completely different. I think instead of believing in other people's predictions, you should analyze this market yourself because this is the easiest way for you to know exactly what is happen with this market.

In addition, there are many top experts in trading and you can meet to listen to their share because surely one day their knowledge will help you a lot.

[Murat]

When you are in a platform which is very much volatile and manipulation then you don't have a lot of things to do a good thing, so it's not your fault anymore, so don't think you are unlucky in trading because fortunes always don't favor a soldier, but you have to carry out this trading because who knows when the good moment will come to you, so keep trying and keep trading, you just should maintain some simple tricks, I think Bitcoin price chart would be your nest company if you again want to trade, just watching the price chart and take another action regarding trading.

[cryptoangel]

When you are in a platform which is very much volatile and manipulation then you don't have a lot of things to do a good thing, so it's not your fault anymore, so don't think you are unlucky in trading because fortunes always don't favor a soldier, but you have to carry out this trading because who knows when the good moment will come to you, so keep trying and keep trading, you just should maintain some simple tricks, I think Bitcoin price chart would be your nest company if you again want to trade, just watching the price chart and take another action regarding trading.

Obviously, your suggestions are really useful on new traders. Nowadays most the investors are just invest the money on crypto and waiting for the next pump. So we must wait for long term or plan the each spot on trading platform. This year we are all waiting for next rapid hype on Bitcoin so surely beginners are also understand the future prediction and make some profit.

[Distinctin]

Just to clarify, knowing a coin's history you wanted to trade with doesn't always matter since it'll be your just basis regarding on its playes' behavior. Thus, you are just looking for a pattern here which doesn't always definitely work because whales on the particular coin behaves upredictably; forcing you to use indicators and charts more dynamically.

One of the most common mistakes that I see in the market is using the past to try to predict the future, many begin to see patterns in the way the price moves and if you try your theory a few times it may seem as if your theory makes sense but many never really try their theory for long enough to see all of those times in which their theory is wrong and then when they begin to trade the markets they realize that they had no chance of making money with that strategy but by then it is too late.

That is because he thinks that trading could easily to learn and manageable market design but it was a big opposite when you are engaged in it.  I know it wasn't just enough to think that trading is not the right place for us because most successful traders also suffer losses before they succeed. If we would like to dig deeper and think positive about the future, it certainly affects also our mindset and overcomes struggles and difficulties.

[Kevondo]

When you are in a platform which is very much volatile and manipulation then you don't have a lot of things to do a good thing, so it's not your fault anymore, so don't think you are unlucky in trading because fortunes always don't favor a soldier, but you have to carry out this trading because who knows when the good moment will come to you, so keep trying and keep trading, you just should maintain some simple tricks, I think Bitcoin price chart would be your nest company if you again want to trade, just watching the price chart and take another action regarding trading.

Trading is not about luck. Trading is dependent upon the efforts. So do not get worried about it that if you are losing then it is because you are unlucky. Trading discussions and forums like this could be a great help for you in such a time. You must consult the prices of all the coins first or ask an expert so that you can take right steps at the right time.

[mbakruroh]

Everything could happen without permission and as long you already replace stop loss that's enough. People more focus with profit but ignore safety, that's wrong because safety is first thing should be done before enter market. When your prediction goes wrong you only see it as reality and find the mistakes before replace open position again. No need debate about this is " X " factor or not because the player and have control with fund is only you.

[Zemomtum]

You need to change the tools you are using and adopt another if market movement always goes against you. The mixture of these tools for confirmation will also help a lot like MACD, RSI, Bollinger Band, EMA, Volume and most important candlestick. It is not advisable to put all these tolls on chart at once.  You can select a maximum of 2-3 at once just to compare and be certain of the different results they will provide. If most or all of them have similar results, there is 100% chance that the price will move in that direction. Be aware that despite this, fundamental can change all this in just an hour like Iran and Iraq news of recent, so you need to be conversant of what is happening in the crypto space by joining the group that provides notification instantly

[Yamifoud]

Everything could happen without permission and as long you already replace stop loss that's enough. People more focus with profit but ignore safety, that's wrong because safety is first thing should be done before enter market. When your prediction goes wrong you only see it as reality and find the mistakes before replace open position again. No need debate about this is " X " factor or not because the player and have control with fund is only you.

Then we should have to correct our mistakes for it will not happening again.

It is very important to know the market's behavior before taking the risk but unfortunately, some traders don't have that kind of approach, they act differently which brings them to a losing ends. We always have to remember that in trading nothing could help us but just ourselves only. Don't get disappointed because of experiencing losses, everyone makes mistakes and doesn't get feel bad but take this as an opportunity to learn and fully understand the market behavior.

[Triffin]

When you are in a platform which is very much volatile and manipulation then you don't have a lot of things to do a good thing, so it's not your fault anymore, so don't think you are unlucky in trading because fortunes always don't favor a soldier, but you have to carry out this trading because who knows when the good moment will come to you, so keep trying and keep trading, you just should maintain some simple tricks, I think Bitcoin price chart would be your nest company if you again want to trade, just watching the price chart and take another action regarding trading.

Obviously, your suggestions are really useful on new traders. Nowadays most the investors are just invest the money on crypto and waiting for the next pump. So we must wait for long term or plan the each spot on trading platform. This year we are all waiting for next rapid hype on Bitcoin so surely beginners are also understand the future prediction and make some profit.

Yes I’m trading, in which you will have to be careful and don’t make any decisions in hurry because people lose patience and sell their trading investment earlier and now they are saying we are not lucky, a trader must be wise enough to choose good coin, wait for right time and trade only if you realize that trading now will make you earn good profit.

[RealMalatesta]

That is literally what "chart readers" are doing and they are giving insane amount of suggestions and advises and predictions here. They look at what a coin did once before in history when something similar happened and assume it will do the same thing once again.

The biggest of the examples is that bitcoin did went up after the halving, a bit before and after and a lot after long while so they assume if they buy bitcoin now the price will be 3x in one year or something. I am sorry to say this but that is as possible to happen as not to happen as well. I will never understand why the people who actually think a crypto currency will do exactly the same thing it once did looking at the past and trying to predict the future, that is not how any of this works at all.

[kro55]

I was too a trader in the early days but i never earned any good profit due to trading. I finally gave up trading and start HODLING. HODLING work very much fine for me. I have no tensions to buy and sell daily, keep an eye on market every hour. I suggest if you are not having luck in trading try HODLING.

[darewaller]

Bitcoin price prediction is a difficult thing for most people, but have you tried to learn deeply how the analysis works?
If not, then you should do so, and study everything about technical analysis so you can be able to do it perfectly or ask those you know that can do it and let them teach you.

It is always difficult to predict price accurately when you are a day trader because in a day the price can move to any direction in any second. That’s why long term trading is a bit better, you have a lot of time to study the chart and be able to tell where it’s heading to in some months time. Being lucky or not is not a big thing in trading; if you are good at your analytical skill then you will slowly become profitable then you will feel yourself luck for trading cryptos.

[andycarrol]

When you are in a platform which is very much volatile and manipulation then you don't have a lot of things to do a good thing, so it's not your fault anymore, so don't think you are unlucky in trading because fortunes always don't favor a soldier, but you have to carry out this trading because who knows when the good moment will come to you, so keep trying and keep trading, you just should maintain some simple tricks, I think Bitcoin price chart would be your nest company if you again want to trade, just watching the price chart and take another action regarding trading.

Obviously, your suggestions are really useful on new traders. Nowadays most the investors are just invest the money on crypto and waiting for the next pump. So we must wait for long term or plan the each spot on trading platform. This year we are all waiting for next rapid hype on Bitcoin so surely beginners are also understand the future prediction and make some profit.

Yes I’m trading, in which you will have to be careful and don’t make any decisions in hurry because people lose patience and sell their trading investment earlier and now they are saying we are not lucky, a trader must be wise enough to choose good coin, wait for right time and trade only if you realize that trading now will make you earn good profit.

It seems he has chosen a good coin, learning to read charts is very necessary because many factors make bitcoin prices go up and down, besides demand and supply, such as news and rumors can also change direction faster. so must always pay attention to the conditions that occur.

[zeze18]

Bitcoin price prediction is a difficult thing for most people, but have you tried to learn deeply how the analysis works?
If not, then you should do so, and study everything about technical analysis so you can be able to do it perfectly or ask those you know that can do it and let them teach you.

It is always difficult to predict price accurately when you are a day trader because in a day the price can move to any direction in any second. That’s why long term trading is a bit better, you have a lot of time to study the chart and be able to tell where it’s heading to in some months time. Being lucky or not is not a big thing in trading; if you are good at your analytical skill then you will slowly become profitable then you will feel yourself luck for trading cryptos.

We don't need to predict the price accurately, even the pro traders often failed to predict price correctly. The core things to become a traders is the matters of risk management and money management. We don't always have to win in every trade, but we have to manage our money to use on trades and keep the profits is higher than our loss, and for doing that all we need is patience.

[Hypnosis00]

I was too a trader in the early days but i never earned any good profit due to trading. I finally gave up trading and start HODLING. HODLING work very much fine for me. I have no tensions to buy and sell daily, keep an eye on market every hour. I suggest if you are not having luck in trading try HODLING.

Holding could be difficult if you don't have patience and not actually it suits to a person who would like to earn a profit every day. That is why they come into trading for that sake but sometimes it never works well. They counter losses and quit. That was a horrible thing to happen when you don't know what we are doing and we don't anticipate for the incoming.
You know already what is your capability and I love how you manage it unlike they others.

[ReiMomo]

Try to improve your trading strategy and don't think about luck, think more on your skills and knowledge and that area you need to improve.
You don't need to win every time, you just need to be consistent by making good decision so you will be profitable in the end.
it's a matter of being realistic and accepting your mistakes and correct it.

This is should be a must. I also dont recommend going in trading without full knowledge on how trading works and make strategies.
Even how experts you are in trading you cant give any assurance that you will never fail, every failure we should learn on it and correct as much as possible also avoid to repeat those mistakes. Dont rely on luck, just research and study your own and which coins to pick that has the potential to gain profit. Trading is not an easy job, you need to take it seriously.

[Mumbeeptind1963]

Try to improve your trading strategy and don't think about luck, think more on your skills and knowledge and that area you need to improve.
You don't need to win every time, you just need to be consistent by making good decision so you will be profitable in the end.
it's a matter of being realistic and accepting your mistakes and correct it.

Yes, I think the reason why you did not get the thing that you want its because of lack of strategy, people are having a good strategy and skills thats why they are hitting their target , they are not always lucky too, they experienced some losses too, that is why sometimes they did not get back their money in trading , accept the fact that when we dont know how does market plays we will continue to get loss.

[SummerBliss]

Always put stop losses!
Always include stop losses to your trade religiously. People often forget that cutting losses is equally important to earning profits. Usually in cryptos you don't make profit out of every trade. In few trades, you hit profit once. The general ratio is 1:4. 1 profit for every 4 losses. In those 4 losses, you need to have stop losses at place to incur less loss and exit at soon as possible. This will make that 1 profit big.

[alan2here]

I was too a trader in the early days but i never earned any good profit due to trading. I finally gave up trading and start HODLING. HODLING work very much fine for me. I have no tensions to buy and sell daily, keep an eye on market every hour. I suggest if you are not having luck in trading try HODLING.

Holding could be difficult if you don't have patience and not actually it suits to a person who would like to earn a profit every day. That is why they come into trading for that sake but sometimes it never works well. They counter losses and quit. That was a horrible thing to happen when you don't know what we are doing and we don't anticipate for the incoming.
You know already what is your capability and I love how you manage it unlike they others.

In my opinion, you should only hold a few good coins because these are the coins that can be profitable for you in the short term and the current market is starting to be more stable, this is the time for you to consider investing now. I often enter into trading when the market is volatile because it is a good time for you to make money but need to have a specific investment strategy because any mistake will make you feel disappointed.

In investing, you are not always the winner and when you have failed many times, you will have more experience for the next trading.