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Author Topic: do not give up keep trading!  (Read 723 times)
Nhor1011
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June 07, 2020, 11:38:38 AM
 #21

I hope that even though we as daily traders sometimes we lose because of our mistakes when the market price suddenly drops very deep and because we panic and sell some of the altcoins we have that we buy at high prices, or we can't hold it because of that maybe the reason we sell it for daily needs, but even though we still have some assets left, we have to trade with the remaining capital, and for example we have less money, we can buy bitcoin or altcoin at current prices, but even though it may take a long time to recover from our losses, we must not fall, we must remain optimistic and struggle to re-trade and recover our losses, because anything can happen to the price of crypto, and nothing is impossible for us to be able to recover our losses quickly.
Patience is always the key to earn or to recover from lost because of our trading mistakes or because of price volatility. Quitting isn't an option if you want to earn money online or in crypto specially this pandemic situation that most of the people has no work. Don't stop, instead try and try and learn from mistakes to make your trading successful and profitable and avoid losses.

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June 07, 2020, 11:52:35 AM
 #22

Being patience in crypto trading is one of the traits to become successful here. And our patients can be measures through how volatility will move in the market. Especially, if the price market is unpredictable. Besides, this is the real things happen in this field of business in cryptocurrency anyway.
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June 07, 2020, 12:04:00 PM
 #23

I hope that even though we as daily traders sometimes we lose because of our mistakes when the market price suddenly drops very deep and because we panic and sell some of the altcoins we have that we buy at high prices, or we can't hold it because of that maybe the reason we sell it for daily needs, but even though we still have some assets left, we have to trade with the remaining capital, and for example we have less money, we can buy bitcoin or altcoin at current prices, but even though it may take a long time to recover from our losses, we must not fall, we must remain optimistic and struggle to re-trade and recover our losses, because anything can happen to the price of crypto, and nothing is impossible for us to be able to recover our losses quickly.

First, I was breathless.  Grin
Put some period (.) next time inside your paragraph.  Wink
It had been discussed here for a lot of time.
Being positive, to not panic, regrets and different kind of emotions when trading.
I guess what you could do is to be more mindful of what you will trade.
You cannot just decide because it is hyped or many users in the chatbox are saying so.
Do it by lots of research and monitoring.
That way you might predict what will come next.

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June 07, 2020, 01:03:33 PM
 #24

As long as you keep on improving.

There are a lot of people that when they tasted how volatile the market is, will start to be mad at it and stop investing leaving the market with losses. Despite the losses, we should continue investing and gain knowledge to how we could improve ourselves. There are a lot of people here that share their investments, share their experiences, and share other kinds of stuff that can help them, there are a lot of people that want to help. 
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June 07, 2020, 01:39:37 PM
 #25

Your strategy cannot be applied in crypto currency trade, seriously.

It might help you if you are an investor, especially a long term investor. You can buy every level of price (especially bitcoin) you can hold it although its price is decreasing a lot, you just need more patience.

In your case, I mean if I found the situation that you mentioned I'll be better to evaluate first my strategy trading and learn about my mistake and spend money again to trade when I believe I have more confidence to gain profit from my new strategy and my experience.

Trading, especially trading crypto is not how rich you are and how much money you have to be spent because just need several times you'll lose all of your funds. But in this place, you have to try hard to learn the market circumstance and you'll be fine although you spent a little money and you get profit as you want.
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June 07, 2020, 01:43:28 PM
 #26

I hope that even though we as daily traders sometimes we lose because of our mistakes when the market price suddenly drops very deep and because we panic and sell some of the altcoins we have that we buy at high prices, or we can't hold it because of that maybe the reason we sell it for daily needs, but even though we still have some assets left, we have to trade with the remaining capital, and for example we have less money, we can buy bitcoin or altcoin at current prices, but even though it may take a long time to recover from our losses, we must not fall, we must remain optimistic and struggle to re-trade and recover our losses, because anything can happen to the price of crypto, and nothing is impossible for us to be able to recover our losses quickly.

First, I was breathless.  Grin
Put some period (.) next time inside your paragraph.  Wink
It had been discussed here for a lot of time.
Being positive, to not panic, regrets and different kind of emotions when trading.
I guess what you could do is to be more mindful of what you will trade.
You cannot just decide because it is hyped or many users in the chatbox are saying so.
Do it by lots of research and monitoring.
That way you might predict what will come next.

Common noob mistake is to follow up some advices that they can able to read on troll boxes which is really a bad idea.

I wont deny that when i do first tend to make up some trade when im still noob where everytime i do read up any suggestion from chat boxes

i do eventually follow it out then buy the coins that been shilled and in result i do hold tons of shittokens in my bag. Mistakes are inevitable thing

thats why its important that we should really learn from it.

R


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June 07, 2020, 01:46:11 PM
 #27

Don't give up too easily but also don't try to chase your losses too hard which may end is more losses.So what we need to do actually when we are losing while day trading is taking a break which helps you to recover the confidence back while you are in break work on your skills.

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June 07, 2020, 03:11:20 PM
 #28

Don't give up too easily but also don't try to chase your losses too hard which may end is more losses.So what we need to do actually when we are losing while day trading is taking a break which helps you to recover the confidence back while you are in break work on your skills.
my advice, use a little capital to play trading futures, I already have experience, with a small capital of your emotions will be controlled, but if you use a large capital, I'm sure your emotions can not be controlled, and then you lose many times

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June 07, 2020, 03:58:01 PM
 #29

From my own experience, trading is not something we can blindly believe to achieve something big when we are actually not doing good. I mean you may remain optimistic about becoming good but just keep trying without improving yourself will not help. Because if you keep trading, you may face losses continuously. If you take break to analyse what is actually missing in your trading then you can save your capital and that same capital may help you to become rich if you are skilled enough to trade among less losses.

If you are making less number of losses and more number of profits then there is a point to continue your trading. Just for few losses, you never need to give up. Because, it is a common saying that even professional traders also making losses time to time. So, we never need to get frustrated just because of 1 or 2 losses.
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June 07, 2020, 04:59:29 PM
 #30

Don't give up too easily but also don't try to chase your losses too hard which may end is more losses.So what we need to do actually when we are losing while day trading is taking a break which helps you to recover the confidence back while you are in break work on your skills.

Be courageous when you engage in trading as it will be the basis of your stability in trading, never lose hope and don't be discouraged every time you experience failure or losses. Sometimes, you need to experience those kind of things for you to become more effective and improve yourself in trading.

There are people who are treating failure as a lesson, you need to keep that mindset that every time you fail, you will bounce back on that. If you are really good at trading and you become more effective, it is now easy for you to earn profit and master the movement in the market.

You just need to keep on track and always manage your assets so that you will never have a hard time trading and deal with any transactions.

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June 07, 2020, 05:02:01 PM
 #31

capital is gone then people will give up, it has also happened to me,
and makes me think mistakes are teachers, and now I use less capital to reduce risk

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June 07, 2020, 10:09:45 PM
 #32

I hope that even though we as daily traders sometimes we lose because of our mistakes when the market price suddenly drops very deep and because we panic and sell some of the altcoins we have that we buy at high prices, or we can't hold it because of that maybe the reason we sell it for daily needs,
Unless and until you did not invest in pump and dump shit coins why you want to sell at a loss, if you are aware of the circumstances on how the market will behave, what is the need for panic even if the price goes down Roll Eyes. The primary rule for trading is to trade with funds that you have left for that purpose and not the money that is needed for daily purpose Tongue.

but even though we still have some assets left, we have to trade with the remaining capital, and for example we have less money, we can buy bitcoin or altcoin at current prices, but even though it may take a long time to recover from our losses, we must not fall, we must remain optimistic and struggle to re-trade and recover our losses, because anything can happen to the price of crypto, and nothing is impossible for us to be able to recover our losses quickly.
Why move away from BTCitcoin when you have the most volatile coin which is a dream for every trader, you do not need any complex algorithm to understand the price movement, invest when the market goes down and wait and you can make a huge profit in the long term.


All the trading standards are applicable only for top coins in the market and not for the shit coins .
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June 07, 2020, 11:11:59 PM
 #33

Quitting doesn't mean that we are giving up but it was something to tell that ourselves that trading might not for us if we always suffering losses or we need time to find where we getting wrong.  Because what it makes sense to continue trading if we keep losing all the time. We don't come into trading just having like this and just throwing our money but to make gain and become profitable. If we really don't understand what trading should be and find ourselves out from it, we better move on and leave trading rather than to keep losing.



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June 08, 2020, 02:57:47 AM
 #34

Quitting doesn't mean that we are giving up but it was something to tell that ourselves that trading might not for us if we always suffering losses or we need time to find where we getting wrong.  Because what it makes sense to continue trading if we keep losing all the time. We don't come into trading just having like this and just throwing our money but to make gain and become profitable. If we really don't understand what trading should be and find ourselves out from it, we better move on and leave trading rather than to keep losing.
Well, sometimes people who have lost trading need time to get back. however, stopping trading is not a sign that the person has left this business. I know some people who have returned after a long time not trading because of loss. however, they will keep coming back when they see a profit opportunity in the world of trading.

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June 08, 2020, 03:17:10 AM
 #35

Quitting doesn't mean that we are giving up but it was something to tell that ourselves that trading might not for us if we always suffering losses or we need time to find where we getting wrong.  Because what it makes sense to continue trading if we keep losing all the time. We don't come into trading just having like this and just throwing our money but to make gain and become profitable. If we really don't understand what trading should be and find ourselves out from it, we better move on and leave trading rather than to keep losing.
Well, sometimes people who have lost trading need time to get back. however, stopping trading is not a sign that the person has left this business. I know some people who have returned after a long time not trading because of loss. however, they will keep coming back when they see a profit opportunity in the world of trading.
Right! Stop trading is not the same as quit trading! We all need to keep our mind fresh, therefore, sometime we just need to take a break. You can't trade with a lot of pressure and thoughts in your mind. Especially after loosing some capital, you'll think a lot!

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June 08, 2020, 04:06:28 AM
 #36

Quitting doesn't mean that we are giving up but it was something to tell that ourselves that trading might not for us if we always suffering losses or we need time to find where we getting wrong.  Because what it makes sense to continue trading if we keep losing all the time. We don't come into trading just having like this and just throwing our money but to make gain and become profitable. If we really don't understand what trading should be and find ourselves out from it, we better move on and leave trading rather than to keep losing.
For me, I have lost quite a lot in trading by the first time I joined the market. However, I found out that the mistakes that I didn't have enough understanding and knowledge about the market. Instead of leaving the market, I chose to gain my knowledge and skills, learn some techniques to become a better trader. After all, I'm now able to earn profit by trading. DO NOT GIVE UP TRADING IF YOU STILL CAN DO SOMETHING TO GET BETTER.

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June 08, 2020, 04:21:31 AM
 #37

capital is gone then people will give up, it has also happened to me,
and makes me think mistakes are teachers, and now I use less capital to reduce risk

Less capital, less profit. So think of other possible ways on how can you minimize your risks using any amount of capital. You just need to deal with that, you need to make some strategies that will make you grow in your trading assets. Everyone should know the essence of knowing how to do risk management in a trading transactions.

Making reasonable strategies and plans before making transactions can really help you whenever you trade depending on the market. Always practice good decision making and never give up when there's a failure and mistakes in your trading. Learn to grow and become more effective just by reflecting on your results in trading.
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June 08, 2020, 04:28:14 AM
 #38

capital is gone then people will give up, it has also happened to me,
and makes me think mistakes are teachers, and now I use less capital to reduce risk

You should learn from your mistakes if you want to continue trading because that will gives you more information about the mistake that you've done before. With knowing the mistake, you will have a chance to prevent to make other mistakes, and you will also have more experience in trading, which will be useful for you. Yes, mistakes are teachers for us, and from that, we can slowly improve our skills to better, and our chance to make a profit will be wide open.

Never give up in trading, and still learning from many sources so you can be able to make a profit, and avoid the mistake. It would help if you had confidence in trading so that you can analyze better than before, you can know the time to enter the market.
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June 08, 2020, 04:38:21 AM
 #39

Well losing is part of being a trader no matter how good you are, even pro traders are experiencing such scenario so what more for newbies or an average traders. What important is how you deal with it by accepting the situation, its not the end of your trading career but it can be a stepping stone to be a better trader. Dont be discourage and lose hope, keep learning because those losses and mistakes you face can teach you a lesson of what should be avoided or do the next time you trade again.

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June 08, 2020, 04:51:58 AM
 #40

Yes, I am currently trading at a loss, but I am still trying to find a perfect trading plan. Although my losses are not much compared to others, I still feel that I have failed and will try to trade successfully. Currently, I have open orders less and choose a more reasonable time to trade. I think new traders like us should spend more time observing instead of trying to trade profitable. Observations will give us many wonderful experiences.

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