I'm very worried about my Crypto Trading.

[Lorence.xD]

Get a job to sustain your daily life, since you are new to crypto trading, I suggest that you should trade in small volumes because you might encounter losses along the way. Scour this discussion board and hopefully you can get lessons from other members who shared experience in trading. Do not be discourage when things do not go your way as most of them does all the time, you will hit a lucky break and when you do, the good times will just grow exponentially.

[1714817086]

1714817086

[doomloop]

Learn the logic of trading first. Trading seems simple but difficult. Don't perform surgery before going to medical school. Follow influential that have been in the field for decades, watch YouTube videos on how to minimize risk and trade successfully in any market condition. Don't follow pump and dump group and avoid extra grated price prediction YouTubers

Everything in trading can be learned and even mastered so take your time in studying the movement of the market before you participate into a real trading. Internet can give us the best resources nowadays so start learning with them. There are also free demos for trading before you engage into real trading. And as much as possible, control your emotions while you trade so you can stay focused even if the market suddenly crashes.

You are giving almost the same answer as the post you quoted gave. Anyways I agree with you both because I am hurt when I see guys like OP being panicking and it is natural to panic when someone new enters trading and suddenly the market which was looking like a gold mine turns into a war and you are only losing everywhere you invest and whatever coin you buy.

I read so much about trading but even now when I try to trade I get baffled like I was so hyped about UNI coins but when they hit exchange the price pumped and I bought some then the market dropped and I had to sell for loss. I mean the market is not easy to read even for someone experienced and I don't know how UNI is doing now but I stopped trading alts recently because of the loss.

[wxa7115]

You don't need to be afraid if you invest in the top 5 coinmarketcap, you will not lose everything, investing in long-term crypto is recommended for beginners, my advice if you are holding an altcoin that is still running, you should sell and replace it with the top 5 coinmarketcap.

Please stop telling people such nonsense.

Market cap doesn't say anything about the coin's current and future performance!

XRP that is rank 4 on CMC is down about 90% from its ATH and also down a few % from the last month's price so you could buy it in 2018, 2019 or even last month and you'd still be at a loss.

Exactly, if things were as simple as just buying the top coins in the market then most people will be in profits, the truth is that trading is extremely hard and only a specific type of person has the necessary tools to even have a chance of making money in the markets, anyone that gets easily frustrated after a loss is someone that must not ever trade, because even the best traders around the world lose money and lose many trades in a row.

So anyone with that character flaw will eventually get desperate and make bad moves or will leave the market, and the market has the tendency of going on the direction you wanted just when you are not invested in it, so to anyone that is thinking on becoming a trader my recommendation is that at least they dedicate 6 moths to study the markets before they begin to trade.

[Findingnemo]

I'm very worried, Will I ever be able to make some income by trading crypto? Everything I buy is down. If I want to earn something from Crypto trading, then what do I have to do? What do I need to know?

So you are buying wrong coins! Probably yes but cryptos trading and every kind of trading comes with risks so we need to make our assessment related to our asset.for clear goals with our trades or investment.

I advice you to learn technical analysis which will help you to get forecast about coins you are going to trade so it is possible for you to buy or sell and make money from it.

[imstillthebest]

they say when your in doubt dont do it . i think worried and doubt are verry close to each other or have same meaning thats why i apply this qoute . what you need is confidence , throw your worries or doubts in the window  .

you can earn an income on trading if your already good at it , no income yet doesnt mean your suck at it but you can always improve and work out your mistake .

 by the way , what is that coin that you buy ? but i think still  useless to know because whole market now is down  .

[CryptoDROI]

I'm very worried, Will I ever be able to make some income by trading crypto? Everything I buy is down. If I want to earn something from Crypto trading, then what do I have to do? What do I need to know?

I will recommend you to read this article I wrote about money management, wich is the main thing IMHO you should be looking at when you trade.

Notice is based on Gunbot strategies but you can apply the methods to your manual trading.

https://cryptodroi.com/gunbot-money-management-crypto-trading-secrets/

Be aware that Im a Gunbot Reseller and I do market the product in my site, but I really hope you can learn some from the article.

[sayaya17]

If you’ve entered the market and bought a coin, your next step doesn’t be to panic too much if the price of the coin you bought is now in decline. So don’t sell them when the price of the coin you’re buying is lower than the selling price. If you buy Bitcoin, the price will recover. So be patient! But here I do not know, what coins do you buy?

There are no trades that are not risky, so learn everything about trading on the internet, everything you need is there, even in this forum you can also learn a lot, as long as you want to spend a lot of time. Trading in crypto is not easy. If you don’t want to learn, you’re going to be at risk.

[proTECH77]

There are some things you have to look before Carry out trading:
1) Environment: crypto trade is not like other trade you can just jump and start training without observing the areas of the market to know if the market is due to supply your coins.
2) Research: For you to earn well in your crypto trade you have to do some personal research to know if the supplier are low and the demand are much before carry out your trade.
3) Patient: For you to become a successful crypto trader you don't need to rush when others are rushing in the market.

[DarkDays]

I'm very worried, Will I ever be able to make some income by trading crypto? Everything I buy is down. If I want to earn something from Crypto trading, then what do I have to do? What do I need to know?

I think the fact that you're asking on here what you need to know already indicates that little research was done before investing into these projects you are now having difficulty getting profit from. This is not good.

First, grasp which coins you want to buy, why do you think buying them will help you make profit either in the short-/long-term and also decide on which exchange out of many you want to use, which one is more attractive to you?

These are some of the initial questions you should do right away. As for how can you minimise the loss, you could always add a stop loss, or if you think the coins won't ever rise to the value you bought in maybe best to let go now, and repurpose the remainder into coins you do have some inclination/idea that will at some point go up.

[perfect999]

I'm very worried, Will I ever be able to make some income by trading crypto? Everything I buy is down. If I want to earn something from Crypto trading, then what do I have to do? What do I need to know?

It depends , some people can’t tell whether they are investing in a good crypto, would have been better if you listed the coins you have been buying so that forum members will give their thoughts on them and whether they are a good choice. Sometimes it would be better to leave altcoins that are still very new and go for the old ones that we have all known for a long time.

New cryptocurrencies can be good though, because sometimes if it’s a good cryptocurrency the price can start growing from there, and being one of the early investors means that you will be able to benefit a lot from it. But for now you have to go for the ones you know that are very good and have been able to last for long.

[TheGreatPython]

Which of the cryptocurrencies did you buy that crashed? Did you buy Bitcoin and when?

You should have pointed out the cryptocurrencies you buying that keeps on crashing. I have noticed that newbies in the forum when they point out their coins of interest it’s usually some strange coins that I have never heard or read of before.

Since you’re new, if you don’t know, just buy ETH and BTC, then add some of these to it – LTC , Tezos, etc. These ones are cool. Lastly is the area of trade you’re into, is it hodl or day? Holding seems more easy and people are easily attracted to it.

[bitbollo]

I'm very worried, Will I ever be able to make some income by trading crypto? Everything I buy is down. If I want to earn something from Crypto trading, then what do I have to do? What do I need to know?

Unless you have already learned in some way how to trade crypto currency, you have no reason to be worried about that .
Other than the basic of this market, you should take in consideration that Road Map and any target provided by a project should be highlighted in your task manager. I will suggest more over to study just few coins since in this overcrowded space it can be difficult follow all new product or operate with a wide range of crypto currencies.

[Yatsan]

You won't be worried about your crypto trading if you are into a great coin that is profitable and if you do know the basics on how to do crypto trading. If you are still not knowledgeable enough about crypto trading, then it seems to be the problem on your part for engaging too early when you do know by yourself that you do not basically know anything about the field of work you have chosen to work with. You are literally risking your money for doing such thing because doing crypto trading is not based on luck and guessing on which crypto coin is good for trading. You must get yourself familiarize first on the cryptos in the marking which basically about their price behaviors, the state of their market, and other related things about that. After you have truly know about it, then it is the time to try trading again with some confidence because you already acquire needed knowledge that can help you be profitable in crypto trading.

[Vicky agarwal]

haha you sjould be ,trading is always very difficult task ,and in crypto its so volatile and difficult to trade

[FanEagle]

If you are buying at a very high levels you are not going to make a profit, you should not get in when there is a big hype and the price is high, wait for it to go down and you can get in at a great price. Look at the previous 3 months for example, almost everything was down 3 months ago, now they are all higher right now, obviously you can't do that every single time, but that happens very frequently for everyone involved.

Look at every single year in the past 5 years, there is a huge down and there is a huge up as well, every year has that and that is why I think if you could wait for that big down that will always happens, you could buy from that place. But no matter what you do there is no way that you could sell when the price is lower than when you bought it and lose money, that is the worst thing you could do.

[michellee]

If you are buying at a very high levels you are not going to make a profit, you should not get in when there is a big hype and the price is high, wait for it to go down and you can get in at a great price. Look at the previous 3 months for example, almost everything was down 3 months ago, now they are all higher right now, obviously you can't do that every single time, but that happens very frequently for everyone involved.

He should wait until the price increases higher. But if the price is not high and down deeper, maybe he can buy back at a low price. But that is only if he has more money to buy, and if he has limited money, he doesn't have to force to buy more bitcoin because that can make him wait for more. It is always recommended to buy at many orders, so he can still buy at another low price when the price is going down.

[Maestro75]

First of all, trading is not a job, it is an activity of its own kind to make money. So, you can't earn income with trading, but can make good profits in trading.

Those who trade for others and get paid for it wil disagree with you on this. They will be right to do so because that is what some bankers do in the banks. They trade for banks and they get salaries for doing so. How do you define such situation? On the part of OP, am thinking he is doing panic buying and panic selling. That is not a good way to trade.

[proTECH77]

Many people are still observing the market if it's time to trade or not because every market has is own time to put smile in the eyes of the trader. In this season we are, is a stable season for all crypto investors, if only you can still do your personal research to know how the market will look soon.
I guess you have nothing to worry about because market will soon get better for all crypto trader. Things is about to work well for all those that trade their crypto for long . Market is changing gradually which many traders are feeling it already in the market.

[gabbie2010]

I'm very worried, Will I ever be able to make some income by trading crypto? Everything I buy is down. If I want to earn something from Crypto trading, then what do I have to do? What do I need to know?

The era of just buying crypto anyhow and expecting a profit is gone for good except you learn how the market moves based on candlestick patterns there are many tutorials on YouTube and google on how to buy low and sell high, there are some indicators and candlestick patterns trading strategies e.g exhaustion candles coupled with price Volume analysis that will indicate opportunities for buying and selling thus avoiding trading blindly without taking into consideration some basic knowledge of trading.

[matchi2011]

I'm very worried, Will I ever be able to make some income by trading crypto? Everything I buy is down. If I want to earn something from Crypto trading, then what do I have to do? What do I need to know?

The era of just buying crypto anyhow and expecting a profit is gone for good except you learn how the market moves based on candlestick patterns there are many tutorials on YouTube and google on how to buy low and sell high, there are some indicators and candlestick patterns trading strategies e.g exhaustion candles coupled with price Volume analysis that will indicate opportunities for buying and selling thus avoiding trading blindly without taking into consideration some basic knowledge of trading.

This should how things works, there are many information that you can gather around the internet, you can learn how you'll be able to anticipate how the market move and how things will works accordingly.

Buying low and selling high is still the best working strategy but it's  not that easy as it is, there are many factors that affects the current movements of any projects that you'll involve yourself, learn everything and make things favorable to your investment.