How to escape loss as an altcoin trader

[nreal]

I don't think it's that simple, the hardest thing is that you make a profit. If you want to convert to a stable currency you can trade USDT pairs directly

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[Bitcoinislife09]

I want to assume that there are few people, who make several profits from trading altcoins, but sell their profit to bitcoin, and then over time while holding bitcoin, it dumps and their profits dips alongside bitcoin.

Why not do it this way ?
Since you trade mostly in altcoins, as soon as your make your profits, sell them to stable coins or fiats, close that trade chapter.

If you are passionate about hodling bitcoin, always convert to usdt or other stable coins and be patient for a fair entry point. Because the market isn't running away

What do you think everyone ? is there a better pattern that can be practiced?

I am open to more suggestions.

I do not think it is possible to escape loss as a trader, there will always be losses.
The core importance is to ensure that, there are more profits than loss.

The most effective was just don't sell your token, their will be no lost in your investment if your not going to sell the token itself. Buying low and selling it on high is still the best and only method.

In able to escape loss as an altcoun trader you need to be always updated of the charts and trades. If the alt coin value is low you need to buy more altcoin and wait until such time that the value becomes higher. Through that you can have so much return on investment. In bitcoin trading you just have to invest your money and wait for the charts and trades for the alt coin value to go higher. With thus situation you may enjoy your time with your family and colleagues while gaining and earning so much money.

[plvbob0070]

losses are part of trading , but you can minimize on losses by not focusing in one or two coins, experience traders will invest on 2 or more coins so that if they loss one , they have other coins which can have profits, this are some of the mistakes of new comers , they tend to invest everything in one coin, they don't scatter their funds , to maximize profit and , to have less losses

You got it @akirasendo17, in all trading activities the losses will always there but, the good thing is we can lessen it if we already know how it will work. No one can escape from losses especially if you will invest and trade with cryptocurrency and that's the reality and I always see that before you start with this kind of activities you need to have various knowledge about it because it can somehow help you to lessen or cut your losses. I also agree with this, it always risky to put all your funds(money) in one coin and the worst is once you only focus on one coin, you will suffer from big losses.

Take note of this quote "Do not put all your eggs in one basket", I always keep this line on my mind and maybe by just seeing this you will realize how important to separate your investment. After you conduct your investment, just diversify it.

I don't think it's that simple, the hardest thing is that you make a profit. If you want to convert to a stable currency you can trade USDT pairs directly

And if you move to stablecoins, how do you make a profit with it? If you want to make a profit in this market then you should take risks. And you should manage your risk as smartly as possible

No one can ever earn profit from stable coins, it just like you put some of your money in a bank/piggy bank. Being scared about taking risks will only end up losing an opportunity to earn good profit. Having a smart way of handling risk in investment will totally help you to manage and maintain your portfolio and investment.

[ethereumhunter]

I don't think it's that simple, the hardest thing is that you make a profit. If you want to convert to a stable currency you can trade USDT pairs directly

And if you move to stablecoins, how do you make a profit with it? If you want to make a profit in this market then you should take risks. And you should manage your risk as smartly as possible

It's hard to make a profit from stable coins, even if they can, their profit is not bigger than the other coins. The stable coin can works for you if you sell your bitcoin or altcoin, and hold it until the bitcoin or altcoin is down so deep so you can buy back again that bitcoin or altcoin. But if you are okay with the risk, then you should try to trade and make a profit. The lose will always be on the trader, whether they want or not, and that will depend on how good are you to manage the risk.

[Arkann]

I don't think it's that simple, the hardest thing is that you make a profit. If you want to convert to a stable currency you can trade USDT pairs directly

And if you move to stablecoins, how do you make a profit with it? If you want to make a profit in this market then you should take risks. And you should manage your risk as smartly as possible

It's hard to make a profit from stable coins, even if they can, their profit is not bigger than the other coins. The stable coin can works for you if you sell your bitcoin or altcoin, and hold it until the bitcoin or altcoin is down so deep so you can buy back again that bitcoin or altcoin. But if you are okay with the risk, then you should try to trade and make a profit. The lose will always be on the trader, whether they want or not, and that will depend on how good are you to manage the risk.

I apologize, but maybe I didn’t understand the essence of your dialogue a bit, but in fact I also use USDT in trading pairs to trade certain cryptocurrencies.  For scalping in my case it is very profitable.  I choose a specific cryptocurrency, for example, ADA, LEO or LINK, and buy this coin or sell it using USDT.  Of course, I do not have much experience in trading, but I minimize my risks by using the USDT trading pair with other cryptocurrencies.

[wingfield_crypto]

    The crypto market is always unpredictable. That's why you can't just expect winning investments. Most experienced traders manage to make consistent profits, but they also lose from time to time. I think the key to success is given by this experience and the way you know how to manage your investments. I use the profits from altcoins to buy other altcoins and so on.

[flagpara]

I want to assume that there are few people, who make several profits from trading altcoins, but sell their profit to bitcoin, and then over time while holding bitcoin, it dumps and their profits dips alongside bitcoin.

Why not do it this way ?
Since you trade mostly in altcoins, as soon as your make your profits, sell them to stable coins or fiats, close that trade chapter.

If you are passionate about hodling bitcoin, always convert to usdt or other stable coins and be patient for a fair entry point. Because the market isn't running away

What do you think everyone ? is there a better pattern that can be practiced?

I am open to more suggestions.

You can't escape from your loss without you become a hard holders or wait until minimize your loses. Now has the highest possiblity to increase money if you convert your money to Bitcoin before halving. Cryptocurrency is meant to me risk, if you exchange to USD, your are in limited profits what did you earned in trade.

[DarkDays]

The trend is your friend, it's very simple.

Wait until the price of an asset breaks its previous high after being on a downtrend for some time. This indicates a trend reversal.

Wait for consolidation at the new price point and wait until a solid support wall forms, then buy in.

Usually, this period of consolidation precedes further upwards action.

[minairia3]

There is only one way to escape from loss while trading. Stop trading altogether. Even the best of the day traders have a strike rate of only 55% to 60%. They are able to make profit, because of their adherence to strict profit-booking and stop-loss targets.

This is an attitudd that every traders should have. Yes some of the traders dont let their emotions and greed taken them. As long as there are profits already they are getting out of the scene no matter what happened or even they missed the great cliff of mooning.

What OP suggest is the most safest way but trust me, you would not wanted to always convert into stable coins when you are losing to the ground. I hate to say it but thats market and we should learn to deal with it.

[TheUltraElite]

Your strategy is perfect. This is what I also do a few times that I have traded. Sell off and then convert to a stablecoin. I like to use Tether as my stablecoin of choice. Also, I can peg whatever token on buy order and allow it to trigger when price get there.

Well no strategy is completely full-proof or perfect. There will be pitfalls but these will be understood clearly when the strategy is being actively used.

So it is always theoretically seeming correct but errors do pop up and so trading will incur some losses on the part of the trader. Using a stablecoin as a central pivotal reference does have its consequences.

The Tether is not completely trusted to be a part of the cryptocurrency ecosystem but I think you can use it to your own advantage. Still the problem is Tether breaking down and getting hacked or stolen is always there.

[Asuspawer09]

I want to assume that there are few people, who make several profits from trading altcoins, but sell their profit to bitcoin, and then over time while holding bitcoin, it dumps and their profits dips alongside bitcoin.

Why not do it this way ?
Since you trade mostly in altcoins, as soon as your make your profits, sell them to stable coins or fiats, close that trade chapter.

If you are passionate about hodling bitcoin, always convert to usdt or other stable coins and be patient for a fair entry point. Because the market isn't running away

What do you think everyone ? is there a better pattern that can be practiced?

I am open to more suggestions.

We cannot really avoid loss in my opinion since we cannot predict accurately the market price of a certain token and also we could not easily control the market.

I think the best thing to do here is just to buy loss and sell high when you could already make some profit, If you are going to sell already your investment if it is already pumped in the market you should sell it already and then wait again for the price to dump and then reinvest. In my opinion, this is better than just investing in a token for the long term since even bitcoin could not just pump all the time even at this time the market is dumping and pumping.

[shoreno]

I want to assume that there are few people, who make several profits from trading altcoins, but sell their profit to bitcoin, and then over time while holding bitcoin, it dumps and their profits dips alongside bitcoin.

Why not do it this way ?
Since you trade mostly in altcoins, as soon as your make your profits, sell them to stable coins or fiats, close that trade chapter.

If you are passionate about hodling bitcoin, always convert to usdt or other stable coins and be patient for a fair entry point. Because the market isn't running away

What do you think everyone ? is there a better pattern that can be practiced?

I am open to more suggestions.

We cannot really avoid loss in my opinion since we cannot predict accurately the market price of a certain token and also we could not easily control the market.

I think the best thing to do here is just to buy loss and sell high when you could already make some profit, If you are going to sell already your investment if it is already pumped in the market you should sell it already and then wait again for the price to dump and then reinvest. In my opinion, this is better than just investing in a token for the long term since even bitcoin could not just pump all the time even at this time the market is dumping and pumping.

buy at loss ? or you mean to say buy at lows  because that isnt right when you buying at a loss because that will only be hard for you to recover what you have bought  but buying at lows is right because you wont be loosing anyway and you can easily earn a profit once there is a pump that happen . there are also analysis and expert predictions that we can use to avoid loosing   .

its not bad to seek for profesional help if you think you are lacking of something so that you can escape loosing for a while  .

[ethereumhunter]

It's hard to make a profit from stable coins, even if they can, their profit is not bigger than the other coins. The stable coin can works for you if you sell your bitcoin or altcoin, and hold it until the bitcoin or altcoin is down so deep so you can buy back again that bitcoin or altcoin. But if you are okay with the risk, then you should try to trade and make a profit. The lose will always be on the trader, whether they want or not, and that will depend on how good are you to manage the risk.

I apologize, but maybe I didn’t understand the essence of your dialogue a bit, but in fact I also use USDT in trading pairs to trade certain cryptocurrencies.  For scalping in my case it is very profitable.  I choose a specific cryptocurrency, for example, ADA, LEO or LINK, and buy this coin or sell it using USDT.  Of course, I do not have much experience in trading, but I minimize my risks by using the USDT trading pair with other cryptocurrencies.

Good if you can make a profit from altcoin pair USDT. People who trade with altcoin pair bitcoin is not trying to trade altcoin pair USDT because many of altcoin is not traded in the USDT list. Besides that, they think that the profit will not bigger if they still hold in the bitcoin or altcoin forms, and not USDT forms.

So they still traded as usual, and hold the altcoin or bitcoin forms, not in USDT. The longer they hold the altcoin or bitcoin, there will be an increase or decrease for the coin, and that can make them stress. But if they convert it into USDT, they will not see the decrease of the value because the USDT is not down too far.

[isaac_clarke22]

~

Well no strategy is completely full-proof or perfect. There will be pitfalls but these will be understood clearly when the strategy is being actively used.

So it is always theoretically seeming correct but errors do pop up and so trading will incur some losses on the part of the trader. Using a stablecoin as a central pivotal reference does have its consequences.

The Tether is not completely trusted to be a part of the cryptocurrency ecosystem but I think you can use it to your own advantage. Still the problem is Tether breaking down and getting hacked or stolen is always there.

I've tried before in my day trading to convert it to USDT and it seems like a good strategy to extract your profit from your capital anyway.
I did not trust Tether also before because it seems like way too immediate to have a stable coin backed by USD like we all know that is regulated and regulation isn't going so well in cryptocurrency sometimes.

[South Park]

There is only one way to escape from loss while trading. Stop trading altogether. Even the best of the day traders have a strike rate of only 55% to 60%. They are able to make profit, because of their adherence to strict profit-booking and stop-loss targets. And if you want to become a successful trader, more than anything the stop-loss target is important. Never ignore that level while trading.

That is a reality that for some reason people do not want to accept, maybe they are too greedy or maybe they have expectations that are simply too high but it is impossible to always win your trades, you must accept that you are going to lose some money to the markets in order to have the chance of multiply your money, those that are successful are the ones that are able to manage their money and their emotions and are capable to cut their losses short and to let their winners run consistently.

[Akiko]

It's hard to make a profit from stable coins, even if they can, their profit is not bigger than the other coins. The stable coin can works for you if you sell your bitcoin or altcoin, and hold it until the bitcoin or altcoin is down so deep so you can buy back again that bitcoin or altcoin. But if you are okay with the risk, then you should try to trade and make a profit. The lose will always be on the trader, whether they want or not, and that will depend on how good are you to manage the risk.

I apologize, but maybe I didn’t understand the essence of your dialogue a bit, but in fact I also use USDT in trading pairs to trade certain cryptocurrencies.  For scalping in my case it is very profitable.  I choose a specific cryptocurrency, for example, ADA, LEO or LINK, and buy this coin or sell it using USDT.  Of course, I do not have much experience in trading, but I minimize my risks by using the USDT trading pair with other cryptocurrencies.

Good if you can make a profit from altcoin pair USDT. People who trade with altcoin pair bitcoin is not trying to trade altcoin pair USDT because many of altcoin is not traded in the USDT list. Besides that, they think that the profit will not bigger if they still hold in the bitcoin or altcoin forms, and not USDT forms.

So they still traded as usual, and hold the altcoin or bitcoin forms, not in USDT. The longer they hold the altcoin or bitcoin, there will be an increase or decrease for the coin, and that can make them stress. But if they convert it into USDT, they will not see the decrease of the value because the USDT is not down too far.

Even the altcoin you are traded is not have any pair to USDT yiu can still  able to convert it to usdt but you need to use other market.

For example token - ETH pair then after having ETH you are now able to use the ETH-USDT pair it will have the same result, you are only need to add another trading fees for this convertion but its only a little amount you will waste doing that.

[Finestream]

Even the altcoin you are traded is not have any pair to USDT yiu can still  able to convert it to usdt but you need to use other market.

Definitely, you can just trade it with bitcoin and then trade to USDT, or vice versa, that way you can withdraw the funds or if you like to keep it safe, you'll keep a USDT so its value will not be volatile, and that's the reason why we need a stable coins in the market.

For example token - ETH pair then after having ETH you are now able to use the ETH-USDT pair it will have the same result, you are only need to add another trading fees for this convertion but its only a little amount you will waste doing that.

Some coins with less volume will require more process but the process is just easy so it's not really a problem.
It's necessary that as a trader we know these things as that is the only way we can protect ourselves against volatility, when needed to.

[Krabby]

Trading altcoin requires a lot of experience. So you need to have a lot of experience to trade altcoin effectively. If you want to make a loss when trading altcoin, you need to know chart analysis in the short term, and always update the market every day. Also always set a stop loss because bitcoin can be dropped at any time and it will cause the altcoin to bleed.

[TheUltraElite]

I've tried before in my day trading to convert it to USDT and it seems like a good strategy to extract your profit from your capital anyway.

For day trading whatever coin you are using will likely be converted and reconverted at short intervals so there what you are holding as intermediary becomes less important. Of course if you get so lucky that one fine day you are trading and that coin gets frozen on exchanges for investigation.

I did not trust Tether also before because it seems like way too immediate to have a stable coin backed by USD like we all know that is regulated and regulation isn't going so well in cryptocurrency sometimes.

Nobody does I am sure. But what else could you use? For sites like Binance you can use BNB but again BNB is also a disguised ponzi scheme whose price gets pump and stays there but for how long is not known to anybody. Exchange tokens function in the same way. They are not safe so use them with caution.

[Btc_1856]

Trading altcoin requires a lot of experience. So you need to have a lot of experience to trade altcoin effectively. If you want to make a loss when trading altcoin, you need to know chart analysis in the short term, and always update the market every day. Also always set a stop loss because bitcoin can be dropped at any time and it will cause the altcoin to bleed.

Not only chart analysis he needs to analyze the fluctuation of Bitcoin because without proper prediction bitcoin price makes them lose their money with the altcoins. Experience is the major concern about to justify the price of Bitcoin if we place the order at the higher price definitely we might lose without proper analysis.