Don't trade what you can't risk loosing

[pankaj1234]

Trading is always risky in today modern world because these days every person want quick money. In trade I have been seen that after some days or some month coin has moved up so you have to be patient when you open a trade. Trade is risky with your mind but it is pure money without any hard labour job. Sometimes share will go lower you will loose your money.
Please trade the money you can afford to loose otherwise you might face big problems in your life.

[shoreno]

there are also risk in hodling or investing  . the risk is that your money can decay overtime whenever the value of your chosen crypto decrease and the situation can get worst once you begun panicking because mainly this leads to unwanted selling . not all the time you are going to hold your coin but you also need to sell or trade this later on for profits  . lastly the guy can be newbie or not dont have many experience yet when it comes to those things so why say mistakes like that are not welcome ?

[chip1994]

This is really a true saying. If your total amount is $ 5000, you should only divide into 5 similar accounts with each account being about $ 100. then you will be very comfortable in trading and think that the money is small and you can execute your trading plans in the best way. then our chances of winning will be higher because we are more confident. This is also one of the tricks that I often use to reduce the psychological pressure of my trading. It is quite effective for Big short or Big long shots and you will be able to optimize profits.

[bearexin]

I can't believe this has to be said but this is something that smaller investors can't really understand when they look at the bigger whales who do take risks bigger than themselves. Think about it, wall street may go bankrupt and they will be bailed out anyway, so they have zero worries about being wrong and they take the most riskiest approach to investing there could be, equal of me going into bitcoin leverage trading with 100x and putting ALL my money there all at once.

The difference is, if I lose my money there is no coming back, I will have to live a financially ruined life for a while before I can get back, even if I can get back, wall street doesn't have to, they just fire some people, get bail money, restart again and keep doing the same things.

[Latviand]

Don't jump into a pond, immediately after you see it because we never know how deeps is that that is what OP is trying to say.

But isn't that too obvious to post tho? I mean every one has got their thing to lose, and that includes every thing they have got. It's pretty obvious tho that you can't put a risk on something you can't afford to lose, although sometimes there are instances but that's out of trading anymore.

Well, people who have money and wanted to multiply then into more in short time may find crypto is a real opportunity but they don't understand the risk behind trading cryptos so they lose more.

I agree, I have done it once I almost tripled my money in just a day because of a single trade  but the risk is too high for that I'll never do it again I swear. Crypto is for every one but trading? Uh oh no it's not.

With that mindset, it is necessary for you to always keep in mind that minimizing the risk of loosing is really helpful for you to have an effective trading career. Don't trade what you can't afford to lose because regret will always come after you.

Regretting what you've lost is really stressful and can affect your mental health, that's why you need to have a certain amount where you can trade without any regret and you're comfortable with that amount and also gives you profit. Crypto is not that easy to trade because there is something more importance about a crypto and its value differ from every country but not in the market.

It is normal in trading to lose a certain amount of money but it is in you on how much money you will lose when you don't have any strategies in trading. Stop loss is also effective in minimizing the risk of losing your money in trading you just need to read some information about that and how it will help you in trading.

[Dr.Osh]

there are also risk in hodling or investing  . the risk is that your money can decay overtime whenever the value of your chosen crypto decrease and the situation can get worst once you begun panicking because mainly this leads to unwanted selling . not all the time you are going to hold your coin but you also need to sell or trade this later on for profits  . lastly the guy can be newbie or not dont have many experience yet when it comes to those things so why say mistakes like that are not welcome ?

both of these do have risks. but, the difference lies in, when trading, you can cut loose when prices start to fall quickly while investing, you can not do anything about your funds for a specified time limit. Well, it's just that, everything will calm down when you don't invest with everything you have. I also sometimes use 10 to 20% of the funds that I use only for trading. after that, I will develop my funds from the profits from it.

[princerepon]

Of course this is the first rules for trading "Don't trade what you can't risk loosing". And many people in this thread learn from their mistakes. Specially those people whom knew crypto currency before 2018. I agree also that holding is much safer than trading. Holding bitcoin is totally safe but if you try to hold altcoin then you have to think twice which altcoin are you holding. Choosing wrong alt is very dangerous for hold. 10 BTC at this moment really valuable. I will recommendation to new traders that "calculate the amount of water before you jump in to the pond".

Trading is risky if you are not sure of what you are doing. But if you trade with much preparation, gained a lot of knowledge from different experiences, it will surely lessen the risk in trading. As long as you trade only with the amount you can afford to lose, then there's no wrong with it. Trading is not making profits all the time, sometimes it will also make you lose.

Yes i totally agree with you. Patience and not being a greedy are also important part to become a good trader i think. Sometimes we loss our asset because of those two things. Trading is that platform where you can not finished your lesson ever. That's why learning is not just enough for being good a trader you need also collect experience from your own mistakes.

[carlisle1]

Pay attention; If you have plenty BTC like the dude above. It's certainly well, you know how to trade, close to what the dude thought. For this reason, holding is the best option. No way 10BTC will be lost (when Holding), allow yourself to “waste" time exploring. Although he learnt his lessons. Such mistakes should not be welcomed.

Have plenty asset ( btc ) not guarantee you'll get profit and every strategy have their own moment include " hold ".

Lol HOLDING guarantees you profit if you can take a long waiting time and not to expect profit in short period of time and that is reality ,we have seen that from the early adopters .

I believe you need to learn risk management and see how the market condition right now, is it good for hold ( long ) or daily ( short ) strategy?.

risk management applies to everyone but with limitations and capacity.

Trader/ investor responsible with their own asset no need to blame anyone or anything if loss, evaluate, fix the strategy and try again.

Who is blaming here?lol no one can blame anyone as this is our money and our own decision making.

[Quidat]

Pay attention; If you have plenty BTC like the dude above. It's certainly well, you know how to trade, close to what the dude thought. For this reason, holding is the best option. No way 10BTC will be lost (when Holding), allow yourself to “waste" time exploring. Although he learnt his lessons. Such mistakes should not be welcomed.

Have plenty asset ( btc ) not guarantee you'll get profit and every strategy have their own moment include " hold ". I believe you need to learn risk management and see how the market condition right now, is it good for hold ( long ) or daily ( short ) strategy?. Trader/ investor responsible with their own asset no need to blame anyone or anything if loss, evaluate, fix the strategy and try again.

You would find it for yourself on what kind of system would suit you even others do tell about hold but you can actually handle out on doing active trade and make out money on daily movements or weekly swings.It will vary on your skills and capability on how you do deal up with the market because not all would have the same skills and even someone suggest up to do that thing it doesnt mean
that it would give out profit nor benefit you.You do have your own will on things that you should gonna do since its your money after all.

[xenxen]

before you start in trading make sure you have full knowledge in this and dont put huge money in the first trading.. some newbie trader put there huge money first then practice  assuming a huge profit immediately..

[Bezobraznike]

before you start in trading make sure you have full knowledge in this and dont put huge money in the first trading.. some newbie trader put there huge money first then practice  assuming a huge profit immediately..

   This is a good advice Xenxen, but people don't like to read and learn and spend time doing that,
people want to make profit right away. I think the same people are not aware of the risk factor,
they think the only thing they need to do is to register, deposit money and every trade they make
will be profitable! But we know that it's not easy as it sounds!
    It's impossible to make some statistic about it, but I believe that 90% of new traders lose money
in first couple months, before they actually learn something and start making profit!

[BD Money365]

When we will switch our belief about crypto as a stake than we will come off in the crypto investment and The popularity of crypto will multiply more. constant altogether countries will contemplate of crypto as positive.
We must every time maintain a probability management design in trading. And individuals who are down much, consider with ancient ill-treat trading procedures and hear again. recollect to choose profits as soon as you won and disregard greediness. That will guide you to be a accomplished trader. We rely in our confess measures and decisions.

[slaman29]

This is so true many traders just enter into any trade just because they have a good feeling that the trade will go well, they invest amount that they can not loose , thereby they become so inpatient and nervous to get profit ans cash out which them leads to them incurring more loss and not recovering form it. Trading needs patience and a clear mind that is why its Important to invest amount you can afford to loose this wi help you be patient and maximize profit

It's worse than that actually. At least some traders go in having a good feeling. Some go in believing 100% that some stupid signal they paid for or some Telegram group they got invited into promised them that the trade would pump. So they go in, waiting for shit to happen and then they get dumped on over and over again.

[rodskee]

This is so true many traders just enter into any trade just because they have a good feeling that the trade will go well, they invest amount that they can not loose , thereby they become so inpatient and nervous to get profit ans cash out which them leads to them incurring more loss and not recovering form it. Trading needs patience and a clear mind that is why its Important to invest amount you can afford to loose this wi help you be patient and maximize profit

It's worse than that actually. At least some traders go in having a good feeling. Some go in believing 100% that some stupid signal they paid for or some Telegram group they got invited into promised them that the trade would pump. So they go in, waiting for shit to happen and then they get dumped on over and over again.

Those groups in telegram and Facebook are not been tolerated now,people here are now
aware of misleading from these groups thats why
i believe no one will fall from those scammers.and also if you are really concern to your money
then you’ll never let anyone to dictate you if which
currency to buy instead use your brain and skills to find which is deserving,after all this is your money and you can blame anyone if you lose.

[royalfestus]

Old say in cryptocurrency but most people still risk loosing all.
1. I will say dont put fund that is not yours in the space, dont borrow to invest in cryptocurrency,
2. dont invest at the expense of the family,
3. dont put all your fund in one or 2 projects (spread it)
4. Risk your fund in reliable projects
5. Learn enough about security of the space and taking profit

[TheUltraElite]

before you start in trading make sure you have full knowledge in this

Practically speaking nobody has full knowledge before starting trading, but the point is that entering the market at zero knowledge about anything is a bad practice. Because someone told you to buy some coin you have never heard of does not make it a 2nd to bitcoin. But we have fools who act like this.

and dont put huge money in the first trading.. some newbie trader put there huge money first then practice  assuming a huge profit immediately..

One can do dummy trading for a few months to get and idea of how the market works. Side by side putting in real capital to start trading would work, but one should be careful how much money they are putting in cryptocurrencies because there are other sectors to invest too and that does not mean altcoins. Newbies should stay away from altcoins, for them crypto should be limited to only bitcoin.

[lienfaye]

Old say in cryptocurrency but most people still risk loosing all.
1. I will say dont put fund that is not yours in the space, dont borrow to invest in cryptocurrency,
2. dont invest at the expense of the family,
3. dont put all your fund in one or 2 projects (spread it)
4. Risk your fund in reliable projects
5. Learn enough about security of the space and taking profit

I agree with these tips, diversifying can minimize our chances to lose our capital because if our other investment didnt turn out well we still have other investments to count on. Thus it would be better to not focus on one coin but consider diversifying. Plus the number one rule is dont invest what you can afford to lose, no matter how profitable crypto investing its always associated with risk and no guarantee of sure money so better to be safe than sorry.

[miningguru]

Old say in cryptocurrency but most people still risk loosing all.
1. I will say dont put fund that is not yours in the space, dont borrow to invest in cryptocurrency,
2. dont invest at the expense of the family,
3. dont put all your fund in one or 2 projects (spread it)
4. Risk your fund in reliable projects
5. Learn enough about security of the space and taking profit

I agree with these tips, diversifying can minimize our chances to lose our capital because if our other investment didnt turn out well we still have other investments to count on. Thus it would be better to not focus on one coin but consider diversifying. Plus the number one rule is dont invest what you can afford to lose, no matter how profitable crypto investing its always associated with risk and no guarantee of sure money so better to be safe than sorry.

That is what everyone should assume, of course, crypto investing is profitable, but there is a huge risk involved in it. We should be very careful with the coin we are choosing, we should always diversify to different other things which have huge potential and we should always keep our profits in the same place otherwise it is impossible for us to survive in the crypto market.

[adzino]

Lol, he lost all 10 BTC? I would say that's bullshit and probably he didn't even invest anything. You should be next level stupid if you lose all 10 BTC during trading. Like did he just choose one coin and go all in? If someone sees that he is not making profit and starts to make huge loss, then if he is a sane person, he would just sell whatever he bought and save himself from further loss.
Even if you can afford to lose, don't make stupid trades/investments.

[pragna]

You are responsible for your own trade, someone introduced us to Bitcoin trading. He/she will not be responsible for the mistake you have made. While trading a huge sum of money, to earn 1000× of your funds, in two weeks. Found a tweet, “About a dude telling a cryptocurrency Twitter influencer, how he got influenced wrongly. He traded 10BTC and lost all". This could be clout, but serves as a good information. So many cryptocurrency Newbies invest in the first assets that feel okay, without doing their own research.

Pay attention; If you have plenty BTC like the dude above. It's certainly well, you know how to trade, close to what the dude thought. For this reason, holding is the best option. No way 10BTC will be lost (when Holding), allow yourself to “waste" time exploring. Although he learnt his lessons. Such mistakes should not be welcomed.

We have to keep in mind what we can do to improve not only our own lot but that of those around us. Share your Opinion.

Yes, this is correct. We should not invest without any research of my own but maximum time we did it and loose our valuable money. Actually many men does not know about BTC or cryptocurrency details. They see only graph of market but they did not know the fluctuation of market. So i must say to investors please make your investment when you will see good roadmap of any project or coin and you can also talk with team with telegram.

thanks.