Don't trade what you can't risk loosing

[idrisalomagold]

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.

What I can say is that do not believe on easy money ideas of trading. It is indeed truth that your money can grow more than x2 or even 1000x in a small period of time BUT remember, the RISK is very very high. One single mistake can turn your million account to zero. I knew a lot of traders who are good at risking much and earns much yet when they lose money, they fund again their account. This type of dudes are typically GAMBLERS who are TRADERS too.

Yet based on my experience and understanding, ANYTHING is POSSIBLE. Even BITCOIN can become ZERO, who knows?! Trading for me is really hard because your enemy will be your EMOTION: IMPATIENCE & GREEDINESS. That is why what I could advise is to always DO AND UNDERSTAND RISK MANAGEMENT. Always put stop-loss. Have an entry plan, exit plan, alternative positions and back-up plans, etc. This will minimize your risk in losing all your money. I believe too that it doesnt matter what high probability system you do have, but rather how you manage your risks.

So be careful with so called "mentor's and gurus" out there who shows off their profits which in reality can be edited and just for hype to gain money in mentorship or signals. I am not generalizing every mentors though because I know a lot too who are awesome in trading especially in risk management. Research first their backgrounds and how they see trading. I say, FOCUS ON COMPOUNDING.

[rhodelmabanal]

Trading is not a simple way of making profit, because in trading you can also loss, whats important is the learning and the way how you handle situation and emotion and the experience really matter, i suggest to only trade an amount  that you can afford to loss. Dont believe in anyone or lean on them because scammers are everywhere just believe in youre self and learn for good.

[HiringYou]

It is often advised to put only that much amount in trading which you can afford to loose. This is because trading is not always profitable. For trading you must have appropriate skills and adequate experience. Even the experience traders sometimes deals with loses. If you are new to this market then start with little, keep grinding yourself and slowly increase the amount you are trading. Once you will able to understand the market, then you can sometimes take the risk of trading large amounts because you will be able to observe the fluctuations more accurately.

[CODE200]

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.

Yes that is really very true. All of our actions being done in crypto is duly our own responsibility for we must be the one to study all the essential information with regards to the industry we chose to get with. Even if someone have introduced it to us, still after he have taught us of the basic information we need to know to be able to start up trading, the full responsibility of whatever happen will certainly relies on our hands now. No one must be blamed but your own self if you experience a great loss for doing trades into a certain coin that you do not know how the price behaves and did not managed your budget or funds you allotted to trade on that coin. Common mistakes being done is after knowing the basics they are already jumping into trading like they already know everything which is not supposedly the attitude for you still do have to learn the coins before engaging so that you will know even more to make yourself profitable into that coin you wished to trade. It will be your mistake and full responsibility experiencing great loss for engaging into a coin that you don't know and you have inputted a big amount of money which is supposedly not because you must just trade into an amount that you can afford to loose.

[Lanatsa]

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.

Yes that is really very true. All of our actions being done in crypto is duly our own responsibility for we must be the one to study all the essential information with regards to the industry we chose to get with. Even if someone have introduced it to us, still after he have taught us of the basic information we need to know to be able to start up trading, the full responsibility of whatever happen will certainly relies on our hands now. No one must be blamed but your own self if you experience a great loss for doing trades into a certain coin that you do not know how the price behaves and did not managed your budget or funds you allotted to trade on that coin. Common mistakes being done is after knowing the basics they are already jumping into trading like they already know everything which is not supposedly the attitude for you still do have to learn the coins before engaging so that you will know even more to make yourself profitable into that coin you wished to trade. It will be your mistake and full responsibility experiencing great loss for engaging into a coin that you don't know and you have inputted a big amount of money which is supposedly not because you must just trade into an amount that you can afford to loose.

Its just stupid for someone who do blame out others just because they do lost up money.It might be dumb but there are really people who had this kind of behavior or qualities where they do blame someone who had introduced a thing to them and when unfortunate thing happens then that someone would really be sue out.

When we do trade then results would really be depending on our own actions.Thing here is that you should learn up things first and try to gradually increase on the amount that you can risk on.

Study and learn up things which will add up to your experience because trading isn't really a thing that can be learn overnight.If you do hate risk then trading isn't really for you yet this do involved
risk but of course in exchange theres always a profiting side.

[bitcoin31]

Risk is always there even you are not a trader because once you invested or creating a business there is always possible of loosing or not returning your money. It become less risk unless a person is conducting a research about for the certain investments they do. Researching is very powerful weapon for us we can know the possibility to happen maybe it will successful or fail so why we are doing that.

A newbie is always rushing investing their money of what they seee a trend coin so we don't know when the right time to invest so mostly of them lost a lot and blame the others of what they do.

[Altryist]

It is better to be poor on your own decision than to be rich on others' decision. If you follow others action or others suggestions for your trade, you have 80% chance to face lose. To be succeeded in trade, you must need to know trading strategy and all these strategies should be taken from your own analysis. Never depend on others for trading.

There should be risk management, which will clearly define your limits of what is acceptable. If you follow simple rules, then you will never lose all your funds. And if there is a series of unsuccessful deals, then you need to pause, comprehend everything and only then continue to work. And it is not wise to repeat the trades of other traders, because you will not learn anything. And most likely you will only lose your assets.

[Xxmodded]

Big risk will get big result and I like for trading in future way, when you try for trading on spot have waiting for when bitcoin and altcoin going up and take moment for selling. When you joining for future trading you have chance both bitcoin and altcoin up or down, you not waste your time have waiting for bitcoin going up only but you can take chance when bitcoin is down to get much profit and keep profitable during you get good moment when analyze coin price, but have bigger risk when try future trading way when your prediction is wrong because your assets will liquid or lost.

[amiraja2]

Today it is better not to buy and sell bitcoin and altcoins because it is likely that bitcoin price will fall after a few days of strong defense and this will determine the fate of Altcoins so it would be great to wait for the normal price or buy below the support price

[Google+]

Today it is better not to buy and sell bitcoin and altcoins because it is likely that bitcoin price will fall after a few days of strong defense and this will determine the fate of Altcoins so it would be great to wait for the normal price or buy below the support price

I really agree with you that many prices have collapsed and this can be the best moment to enter and buy a very large amount, make the most of it and don't miss this opportunity, because if the price has gone up it will be difficult to find moments like this again.

[Ucy]

Don't trade what you can't risk loosing
These words are very special. This is life changing words. When you putting your money on any project ,your money can go both way, in profit or loss. If the project succeed then money put by makes you gain but if project not getting success then you can not even recover your money. This is called absolutely lost. Everyone should know this in market or trading, or betting put the money that you can afford to loose.

Same in most businesses... you start with what you can afford to lose until you are grounded and start being consistently profitable in the business.
If you don't want to start small, you could learn the business first and practice it for free via apprenticeship, getting goods from people/friends for free to sell(& share the profit with them) etc and see how profitable you can be.

[hahay]

I'm not sure he traded 10 BTC and then lost all of them, he didn't invest in scam projects and he didn't gamble either, so it is absolutely impossible to lose all his Bitcoin trading. Even though you lose, at least in trading you will still get returns, which in fact you are losing money because of wrong trading itself. I'm just not sure about the news, because if you only pair USD to BTC then even if you lose at least you will still cut your losses basically you still get your money back.

[Maroons]

I'm not sure he traded 10 BTC and then lost all of them, he didn't invest in scam projects and he didn't gamble either, so it is absolutely impossible to lose all his Bitcoin trading. Even though you lose, at least in trading you will still get returns, which in fact you are losing money because of wrong trading itself. I'm just not sure about the news, because if you only pair USD to BTC then even if you lose at least you will still cut your losses basically you still get your money back.

The amount itself is unbelievable but possible because I cannot think of other reasons for him to trade all of it without saving some part of his assets and to add it he has 10btc but i dont know if he got it from converting fiat into bitcoin but i dont think so because its also a lot of money, really a lot so im guessing he is good at trading because he have that much money so im really confused to why he lost all of it so to conclude maybe even good traders forget the rule of don't trade what you can't lose

[Darkelf11]

I'm not sure he traded 10 BTC and then lost all of them, he didn't invest in scam projects and he didn't gamble either, so it is absolutely impossible to lose all his Bitcoin trading. Even though you lose, at least in trading you will still get returns, which in fact you are losing money because of wrong trading itself. I'm just not sure about the news, because if you only pair USD to BTC then even if you lose at least you will still cut your losses basically you still get your money back.

It's not impossible to lose all of those 10 Bitcoins. One thing that happened might be he used those bitcoins to buy crypto assets that are made to scam traders. Probably a token that has not been launched to any crypto exchange, and the thing is he used all of those bitcoins. That's the possible side. Be that as it may, the impossible side to lose all those btc is buying coins that has value, regardless if it's expensive or cheap.

[Question123]

Many beginners are blaming others for what their lose but in the first place they are the one who decide what they can do. They need to know the risk once they enter to the crypto community because most of them now are rushing to their profit that possible to get they buying a coin without doing a research so they get wrong or shit coin of what we called. Once you invest to the coin you should not expect a lot because our expectation mostly is not we get.

[Anyobsss]

I'm not sure he traded 10 BTC and then lost all of them, he didn't invest in scam projects and he didn't gamble either, so it is absolutely impossible to lose all his Bitcoin trading. Even though you lose, at least in trading you will still get returns, which in fact you are losing money because of wrong trading itself. I'm just not sure about the news, because if you only pair USD to BTC then even if you lose at least you will still cut your losses basically you still get your money back.

Is that even possible to lose that huge amount? He must be dumb if he lose it all in trading. I'm still wondering how he lose it. Even if you make some loses you can't just lose 10 BTC and why would he use that huge amount if he doesn't know what he's doing in the first place.

[Issa56]

As a beginner u don't have to put all your investments in Cryptocurrency, or Cryptocurrency shouldn't be your main source of income!!! If u are starting a trade Make sure u start with what you know when you loss it won't really affect you!!! And you should never take a loan to invest in any coin.

[XZERO1]

Somehow many people still think trading is(or can be) a 100% thing and they can put all their money(including the amount that they need for living) into trading and have 20-30% more in their pocket for example next month, if it was anything even close to that many people would leave their day job for trading.

Let's just say you are one of those very small percentage of traders that are highly educated and know what you're doing and have a whole lot of experience, even in that case you can increase your chance of success in trading up to 70% or something like that and that means you could still lose money 30% of the time, so there is no full certainty in trading and the question is would you put the money that you need for living into something that is not going to even give you 80% assurance that you will get your money back?

[lunnatic]

As a beginner u don't have to put all your investments in Cryptocurrency, or Cryptocurrency shouldn't be your main source of income!!! If u are starting a trade Make sure u start with what you know when you loss it won't really affect you!!! And you should never take a loan to invest in any coin.

Trading should be like that, if you don't want to experience mistakes then you can't do more valuable things,
like trading, you have to practice first, learning about trading analysis techniques is very important

[Renampun]

As a beginner u don't have to put all your investments in Cryptocurrency, or Cryptocurrency shouldn't be your main source of income!!! If u are starting a trade Make sure u start with what you know when you loss it won't really affect you!!! And you should never take a loan to invest in any coin.

Trading should be like that, if you don't want to experience mistakes then you can't do more valuable things,
like trading, you have to practice first, learning about trading analysis techniques is very important

It's true, but nowadays many newbies leave when just one time makes a mistake...
Newbies nowadays think that trading is very easy but when they jump in, it makes them feel trading is not for them. if you get hurt once and leave then you can never become a trader.