Piston
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May 24, 2020, 02:22:36 PM |
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A buy stop is placed above the current market price. A sell stop order is placed below the current market price. Stop orders may get traders in or out of the market. A limit order will then be working, at or better than the limit price you entered.
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jahepahit
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Activity: 866
Merit: 10
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May 24, 2020, 03:14:39 PM |
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because the key to trading is patience and must learn from the mistakes we have made when we experience losses. because the main purpose of trading is to get big profits. but if we finally receive a small profit, of course we must accept it with pleasure ...
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BlacksmithCorporation
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Merit: 100
arcs-chain.com
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May 24, 2020, 03:25:55 PM |
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In order to keep our losses at an acceptable level, we must learn how to manage capital, but not everyone can do best with newbies, they are very susceptible to emotional domination and breaking rules.
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BuNga_cute
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May 24, 2020, 03:34:01 PM |
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In my opinion experiencing losses does not mean we fail, it's something that is experienced by all traders. The person who succeeded it, people who can learn from the losses suffered. Learning from mistakes is one way to success. The most important thing is not to lose more than the profit we make.
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Lantind
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May 24, 2020, 03:40:04 PM |
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In order to keep our losses at an acceptable level, we must learn how to manage capital, but not everyone can do best with newbies, they are very susceptible to emotional domination and breaking rules.
Yes, those who are beginners are indeed a little difficult in terms of managing their capital, because they still have a lot to learn in controlling emotions and a great desire, so they can also protect themselves from losses at any level.
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kceekcee
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May 24, 2020, 06:33:51 PM |
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Im always using SL and usually setting less than 5% level
It still doesn't solve the own scenario, do you not know that even with short loss, there are some dumps that are huge? Widely unacceptable? Don't just sl, watch the trades
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mersal
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Merit: 38
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May 24, 2020, 10:44:19 PM |
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Accept your mistakes and try to minimize the risk of losing the money in future by avoiding the same mistake again in your life.When you begin your trading career then you shouldn't trade with all of your money or else you can't do anything if you lose all that money since its very much possible with crypto market.
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nikki4
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May 24, 2020, 11:57:38 PM |
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I have not seen a trader that do not lose sometimes, i may be new to the forum but been learning before now. it has nothing to do with sentiments but traders have to learn to accept trades the way it is, without attributing loss to any factors; as it leads to more rekts.
Always accept the market as it is without blaming any factors. Always dyor too
I sperated traders by three. No matter how much earn you experience on day or short term, you have to lose sometimes. As my research long term with enough money, you don't need to lose anytime. In this process you should choose some good coin which coins price is stuck in a box. By search you will learn about box trade.
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coinsycrip09
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May 25, 2020, 01:16:57 AM |
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yup! indeed we cannot always be lucky in trading. sometimes or even often we will suffer losses, that's the real crypto world. don't look for someone to vent our emotions and blame them.
as you said we must accept trade sincerely, whatever conditions we accept. if we don't stop learning and sharpen our instinct in analyzing. i think we can minimize losses.
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JaoBadjap
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May 25, 2020, 01:59:10 AM |
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Trade with the money you can risk of losing. market is unpredictable, and yes keep your loss at an acceptable level base on your perspective
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lienfaye
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May 25, 2020, 02:37:47 AM |
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Trade with the money you can risk of losing. market is unpredictable, and yes keep your loss at an acceptable level base on your perspective
Right, no matter how we think trading is profitable its important to know how much you can afford to lose because nothing is certain here. We can lose our money unexpectedly depending on the movement of the market. So having a concrete plan and risk management can help you to take control whatever the situation is since the market is high volatile.
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bukham88
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May 25, 2020, 02:50:46 AM |
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we really cannot blame anyone in investment trading, because the ups and downs of the cryptocurrency market are caused by many factors, but from that we traders must be observant and be careful in dealing with a very unstable market like today, don't let us lose big because ambition is too big
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Lorokan (OP)
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July 09, 2020, 05:59:57 PM |
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we really cannot blame anyone in investment trading, because the ups and downs of the cryptocurrency market are caused by many factors, but from that we traders must be observant and be careful in dealing with a very unstable market like today, don't let us lose big because ambition is too big
It is not actually blame gaming anyone who loses in investment trading; rather i feel like it is a reminder that as a trader you need to keep your loss minimal, you need to use a stoop loss, because i think every trader needs a stop loss, to work as an automatic security when bears are incoming.
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matchi2011
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Merit: 267
Buy $BGL before it's too late!
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July 09, 2020, 06:28:07 PM |
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It is not actually blame gaming anyone who loses in investment trading; rather i feel like it is a reminder that as a trader you need to keep your loss minimal,
Learning how to balance your trades and how to manage everything in order to run smoothly, this kind of attitude is needed by any traders who wanted to succeed from this fied. you need to use a stoop loss, because i think every trader needs a stop loss, to work as an automatic security when bears are incoming.
If you already comfortable with how you managing your trades, placing your stop loss position helps you to lessen your stay inside the exchange, saving you more time and stress monitoring your positions.
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Bananington
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July 09, 2020, 07:14:50 PM |
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Trade with the money you can risk of losing. market is unpredictable, and yes keep your loss at an acceptable level base on your perspective
I agree with you on "trade with the money you can risk losing" but not entirely in the sense that trading is not gambling. Those who trade on exchanges without reputation or who do not understand technical analysis mostly gamble when trading. If you trade only on reputable exchanges with tight security, and you are good with TA, you reduce the risk of losing your entire funds.
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Sourhearrt
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July 09, 2020, 07:34:48 PM |
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I try to always play safe when trading, I don't do 24 hours trading but I always jump right in when the market is in red, for this to become easy it's why I always keep stable coins, they come in handy when big dumps happens and buying back will surely fetch you good money once market start recovering
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Ezravdb
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July 09, 2020, 07:35:27 PM |
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True, small or large losses are always present in trading, but the nominal is different because professional trading has a technique in making decisions, of course, will avoid large losses. market changes occur suddenly. With 70% / 30% of traders must understand this technique to minimize big losses
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Sourhearrt
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July 09, 2020, 07:36:02 PM |
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I try to always play safe when trading, I don't do 24 hours trading but I always jump right in when the market is in red, for this to become easy it's why I always keep stable coins, they come in handy when big dumps happens and buying back will surely fetch you good money once market start recovering
Done this several times, it's the safest trading strategy I know, just buy when bears start attacking the market and sell when bulls take over, chances of losing is very very low using this strategy
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Deeshawn
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July 09, 2020, 10:24:33 PM |
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You have a point, a professional will only try to minimize his/her loss and make sure profit is more than loss, I believe in cryptocurrency loss is inevitable, especially for traders, but something is sure, success is sure for an experience trader.
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DRK Defi| The Fourth Generation Of Blockchain In Decentralized Finance DRK DEX: https://draken.exchange/
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Lorokan (OP)
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July 10, 2020, 09:33:25 AM |
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I try to always play safe when trading, I don't do 24 hours trading but I always jump right in when the market is in red, for this to become easy it's why I always keep stable coins, they come in handy when big dumps happens and buying back will surely fetch you good money once market start recovering
Done this several times, it's the safest trading strategy I know, just buy when bears start attacking the market and sell when bulls take over, chances of losing is very very low using this strategy Chances of losing can only be low if you have designated altcoins or token targets that you go for when the bears start attacking, because if you just buy any token because they dumped more; then you could be in for trouble. Instead figuring the what type of tokens you could be interested in is first, identifying why you should invest in such is second, then waiting for it to be bearish is key. Most importantly, knowing when to withdraw in profit is also vital.
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