Don't trade what you can't risk loosing

[bearexin]

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..

Yes, one thing I have come to understand is that most people that are coming here are just interested in making quick money, especially at this time that there is a pandemic, most people I have came across are always talking about how they can make lots of money through cryptocurrency, and they say if not that, then it's fake and all that. It is really annoying.

My phone keep blasting up on WhatsApp because of these people, and they are always saying that I should teach them how they can make money right now with Bitcoin , I just laugh at them. It's people like these that get into cryptocurrency and invest all their money with hopes to trade and double it in a twinkle of an eye lol.

[BitcoinTurk]

You should never have encouraging or misleading dreams that you see on social media, you should not trade with their dream. In particular, you should not use the money you will need in the short term or trade with debt. I would like to tell you about the painful experience I had last.
I came across a very nice trading training on Youtube and watched it all. After watching this tutorial, I made several transactions with a trial account and was successful. Afterwards, I started trading with a 2000 euro loan because I was a student and did not have enough savings. Everything was very nice at first, I was earning almost all my transactions. Then, with the motivation of this event, I started trading without using stop loss and lost all my capital in a single day. Here, I actually did not make a mistake here, I made my first mistake when I started trading with debt money. Therefore, I do not recommend you to trade without your own accumulation and unless there is an amount that will bother you in case of loss. Now I am paying that debt every month with the interest, and I will probably finish my installments in the next 12 months.

[dunfida]

You should never have encouraging or misleading dreams that you see on social media, you should not trade with their dream. In particular, you should not use the money you will need in the short term or trade with debt. I would like to tell you about the painful experience I had last.
I came across a very nice trading training on Youtube and watched it all. After watching this tutorial, I made several transactions with a trial account and was successful. Afterwards, I started trading with a 2000 euro loan because I was a student and did not have enough savings. Everything was very nice at first, I was earning almost all my transactions. Then, with the motivation of this event, I started trading without using stop loss and lost all my capital in a single day. Here, I actually did not make a mistake here, I made my first mistake when I started trading with debt money. Therefore, I do not recommend you to trade without your own accumulation and unless there is an amount that will bother you in case of loss. Now I am paying that debt every month with the interest, and I will probably finish my installments in the next 12 months.

Thats sad to hear out and thats the main reason on why i dont really consider on taking a loan or even borrowing to my friends when it comes to investment.

We know the risk behind into these kind of investment and we cant be sure if we would able to make money or profits from time to time.I had experience with that demo thing where

it do make me feels like im getting rich in a short span of time but we know that reality doesnt work that way until you experience it and do have some regrets in the end.

[Kelvinid]

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

It is all on the list and I hope newcomers will take some time to review these things before deciding to risk their money. It is a must to know also what would probably be the consequences we get in here knowing that the risk is high compared to the other form of investment and that is why we should be prepared for anything it cost. We can't neglect this thing to happen in real life and that we think of easy money and fast ROI, it should have to change.

[cytpoway121]

You are very correct OP, it is not limited yo trading but to every form of investment, always ensure you invest an amount you are able to bear its loss, do not borrow to trade or invest and always trade with core knowledge and emotional balance

[culuuton]

You are very correct OP, it is not limited yo trading but to every form of investment, always ensure you invest an amount you are able to bear its loss, do not borrow to trade or invest and always trade with core knowledge and emotional balance

This is a valuable lesson, 10BTC too expensive, many people will be stressed. You are right, we need to determine exactly how much we can lose, it is very important to help us not lose confidence in our investment plans.

[Shallow]

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.

That's true and which is why it is very important to first educate someone or rather a newbie on what lies in the crypto space, at least that's the best someone can give to a potential trader; with this little education there is every possiblity the potential trader will make his research and seek for trading knowledge since he wouldn't want to lose his funds at that early stage. Nevertheless, there are still people who understood the crypto trading in a wrong way, paid the price and then became better . Lastly, I will say, everything is all about mindset, once the right mindset is there success in trading will be achieved, in addition, trading with an amount that one can afford is very important especially as a new trader.

[Lorence.xD]

You are very correct OP, it is not limited yo trading but to every form of investment, always ensure you invest an amount you are able to bear its loss, do not borrow to trade or invest and always trade with core knowledge and emotional balance

The reason that people are losing when it comes to trading is because the people who introduced them trading or investing is that they never specify that it is a slow process and that there are so many risk, these people are not to be blamed though because they didn't know it too, they are as innocent the people who want to embark on a trading and investing journey. The real fault lies on the individual because they are to blinded by the riches that the endeavor promises, remember that all that glitters is not gold. We can always put our mind into it if we want to become successful in these, we must constantly remind ourselves that trading and investing means growing.

[TheUltraElite]

This is a valuable lesson, 10BTC too expensive, many people will be stressed. You are right, we need to determine exactly how much we can lose, it is very important to help us not lose confidence in our investment plans.

Ten is just a number is it not? For some people 10BTC is nothing but for some other people a double digit bitcoin figure is a big deal.

Of course I dont believe that the person lost 10BTC completely without having bought something because it is a trading and if Spot trading they definitely bought some altcoin with it. If they went for margin trading on the futures market like bitmex then it is a type of gambling but possible to lose the complete capital.

Now it is stupid to trust a "influencer" on social media. People who trust them are fools in the first place and thus I would question how they acquired 10BTC in the first place? Still it does not make it any good and people should do their own research for trading.

[Dr.Osh]

You are very correct OP, it is not limited yo trading but to every form of investment, always ensure you invest an amount you are able to bear its loss, do not borrow to trade or invest and always trade with core knowledge and emotional balance

it's only natural if we invest in assets that we can sacrifice. we will not know what risks we will face in the future, because in the world of commerce, everything is possible. so far, I've noticed a lot of people who quit because they invest so unnaturally, that they are even willing to go into debt. however, this is a solution for the beginning of trading.

[Aaroenz0r]

This is a valuable lesson, 10BTC too expensive, many people will be stressed. You are right, we need to determine exactly how much we can lose, it is very important to help us not lose confidence in our investment plans.

Ten is just a number is it not? For some people 10BTC is nothing but for some other people a double digit bitcoin figure is a big deal.

Of course I dont believe that the person lost 10BTC completely without having bought something because it is a trading and if Spot trading they definitely bought some altcoin with it. If they went for margin trading on the futures market like bitmex then it is a type of gambling but possible to lose the complete capital.

Now it is stupid to trust a "influencer" on social media. People who trust them are fools in the first place and thus I would question how they acquired 10BTC in the first place? Still it does not make it any good and people should do their own research for trading.

Critical!! You don't lost your capital when you trade, it's just another sense of inefficient trading. You choose to trade BTC with another coin that doesn't have enough potential to bring you expected profit. However, you just "trade", you don't "throw" anything. You trade BTC with another coin, that's what you have. In the other hand, if you choose gambling like margin trading such as Bitmex. That's your call, some people are still too fool to know that gambling can't bring you profits in the long-term way.

[dragon695]

You are very correct OP, it is not limited yo trading but to every form of investment, always ensure you invest an amount you are able to bear its loss, do not borrow to trade or invest and always trade with core knowledge and emotional balance

The reason that people are losing when it comes to trading is because the people who introduced them trading or investing is that they never specify that it is a slow process and that there are so many risk, these people are not to be blamed though because they didn't know it too, they are as innocent the people who want to embark on a trading and investing journey. The real fault lies on the individual because they are to blinded by the riches that the endeavor promises, remember that all that glitters is not gold. We can always put our mind into it if we want to become successful in these, we must constantly remind ourselves that trading and investing means growing.

True!! Don't just believe in other words. You have to work yourself in order to get something. Being successful is hard, being successful in a market that you don't know anything about is even harder. Therefore, get to know some stuff! It'll help you a lot if you have knowledge about what you're doing. Also, there's a lot of risks in this market and that's what you have to accept! Take other words as advices for references. Don't take it to your action!

[dutt]

Almost the same principle that applies to gambling. People see to forget all the safety measures and warnings way too often. They look to make quick profit or willing to risk large amounts without having the right knowledge.

[peter0425]

Almost the same principle that applies to gambling. People see to forget all the safety measures and warnings way too often. They look to make quick profit or willing to risk large amounts without having the right knowledge.

all is product of Greediness and that attitude makes everyone losses either in trading or in Gambling,because if you cannot be contented and always seeking for Bigger money then you will be at risk every time.

why not just let your self gather small profit at least assure than expecting higher but in time you will fail.

You are very correct OP, it is not limited yo trading but to every form of investment, always ensure you invest an amount you are able to bear its loss, do not borrow to trade or invest and always trade with core knowledge and emotional balance

it's only natural if we invest in assets that we can sacrifice. we will not know what risks we will face in the future, because in the world of commerce, everything is possible. so far, I've noticed a lot of people who quit because they invest so unnaturally, that they are even willing to go into debt. however, this is a solution for the beginning of trading.

LOl in crypto you can just Hold and wait for the right time to sell,if you will invest your money that can afford to lose.

the problem in others is they are investing here to make money in short time thats why when the price sudden drop?they will lose and blame the market.

[Salauddin1994]

When many people invest in trading, they only think that trading means making a profit and trading can lead to financial security very quickly but there are many more things we need to know about trading that many of us don't know and start trading without learning. Gives. That’s why at one point we get frustrated.

[judaspriest]

When many people invest in trading, they only think that trading means making a profit and trading can lead to financial security very quickly but there are many more things we need to know about trading that many of us don't know and start trading without learning. Gives. That’s why at one point we get frustrated.

in the crypto currency the risk is very high, because high volatility makes it easy for people to lose a lot of money,
I've also experienced it, and until now I still hold the coin

[Piston]

While the numbers vary slightly from study to study, the fact is many traders will lose money and it can't be avoided. All sorts of reasons are given for the losses, including poor money management, bad timing, or a poor strategy. Most traders will lose regardless of what methods they employ. Crypto trading refers to opening and closing the same stock positions during one trading day.

[MCobian]

Starting trading from small capital is the best way to be successful in the world of trading, we become trained to manage capital
will be used. If you have succeeded in trading with small capital, then when using large capital will succeed too. Then always use
capital that we can afford to lose, so it's easier to get up if it loses. Facing risks in trading is not easy, so the best we can do to
avoid trading risk by holding.

[tvplus006]

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.

I do not know the details of your transaction, but I am sure that you have tripled the small amount of your Deposit. It is much easier to risk a small Deposit than a large one. I did this when I first started trading, and it was like a casino. But now I understand that you can't use your entire Deposit on a single transaction.

[imstillthebest]

There are risks involved in doing business so we should always attempt to avoid risks

if its involved it also means its attached . you cant avoid it but risk does not mean that something bad will happen to you because they arent still guarantee 100 percent that they will occur  .

Re: Don't trade what you can't risk loosing

i often hear this popular advice but this is hard to follow , i know because i myself also did the mistake too till now  . i find my self betting outside my comfort zone because i only want to recover my past small losses  . small but too often so in my mind , the only recover them in a fast way is to trade bigger amounts at once  .