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Author Topic: I'm very worried about my Crypto Trading.  (Read 566 times)
Zemomtum
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October 15, 2020, 10:24:07 PM
 #61

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

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October 15, 2020, 11:11:15 PM
 #62

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.
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October 15, 2020, 11:15:00 PM
 #63

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

Also, start small with top cryptos. Don't go big at the start as you are just grasping how crypto trading works. Don't be overwhelmed by too much info here. Take baby steps, don't push yourself trading unknown alts. Don't follow someone else's piece of advice regarding what crypto to invest with. Follow your own instincts. Experience will teach you tips and tricks in crypto trading. Not an overnight skill to learn by.
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October 16, 2020, 01:00:37 AM
 #64

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.
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October 16, 2020, 03:50:04 AM
 #65

Almost crypto traders always worried about their profit and money somehow it is a big gamble of their money because there are ups and downs on trading it is not easy to predict how the market goes of your altcoins.

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October 16, 2020, 02:58:34 PM
 #66

First of all relax and understand that what is happening with you has happened with the best traders in the crypto space so there is no need to worry and don't panic at all.

If you want to earn some crypto what you should do, you asked. The answer answer is find jobs in the crypto space like if you are a designer find that kind of jobs or if you have good coding knowledge you can find those.

But if you only want to earn with trading then you have to learn patience and avoid buying useless coins because there are so many shit coins in the market and it is hard for even experienced traders to pick them so you being new it is even hard. I advise you to do day trading with bitcoin's price.
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October 16, 2020, 03:23:39 PM
 #67

First of all relax and understand that what is happening with you has happened with the best traders in the crypto space so there is no need to worry and don't panic at all.

You need to have self control, you need to balance yourself and learn to think wise, you will lose everything
once you panic each time you trade inside the market.
Keep your composures and stay in the positive side, there are many ways and options that are available in
terms of taking benefits.

Quote
If you want to earn some crypto what you should do, you asked. The answer answer is find jobs in the crypto space like if you are a designer find that kind of jobs or if you have good coding knowledge you can find those.

One good thing if you have such skills, you can sell your knowledge and start getting money to invest and make
a good way in profiting to this market.

Quote
But if you only want to earn with trading then you have to learn patience and avoid buying useless coins because there are so many shit coins in the market and it is hard for even experienced traders to pick them so you being new it is even hard. I advise you to do day trading with bitcoin's price.

Try every venues of opportunities as crypto market is an open door to everyone. Don't stop looking for the best way for your investment.

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October 16, 2020, 04:12:48 PM
 #68

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?

What you need to learn about crypto trading or holding is how to have patience. As I can understand you, seems you bought some coins or tokens for holding and their current value is far lesser than the amount you bought them.
You need to know what you are buying before investing on any project. There are many scam projects these days. Scam projects are more than 70% if not more than 80%. So, one need to know what they are doing.

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October 16, 2020, 04:14:55 PM
 #69

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
I agree with all the advice you gave but really the one thing I would agree is, watching Youtube videos. I have been watching so many videos and I can frankly tell you that most of the guys giving out advice are doing just plain speculation and some are even paid by token owners to hype their coin and get investors hooked into investing.

I think the best way to learn trading is by losing your own money, yes you read it right. Lose small amounts because if even you trade on a demo account to learn you won't be able to take the same decisions when your real money is involved. Trading is a kind of investment you do in yourself in beginning and with time you develop and then reap rewards.
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October 16, 2020, 07:23:24 PM
 #70

I hope this will give you some enlightenment to realize that crypto trading is not for everyone and before you get to those level of traders who do earn big on their own, you must have to learn how did they do it. Basics is always an important assets you need to learn first when you want to learn something. It is not a given information but you can learn it from everything, through experiences, it may take some time to master it but it is worth the wait.
Some people do believe that it was easy but if they are already on the actual situation then those kind of hopes had been broken out because trading doesnt really work on that way.Easy money? No its not and just because you have seen others do make money but you dont know on what are the things that they had passed first before they do able to make themselves profitable.Lots of trial and error would really be needed for you to be
good in trading and that wont indeed only spent a few weeks or month but these will take years for you to take or have grasp on everything, not just on giving up in few tries.
This is one of the reasons why trading is not for everyone because it takes a lot of self dedication to go through with those stressful days and nights trying to gain some profit in trading. It may be stressful but when the time comes you start to gain profit, the joy you have felt during that time is worth your hard work. That is the time when your hard work pays off although you may master it but always remember that even pros still losses but the experience you have gained will give you enough idea of what to do next during the hard time.

3996
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October 16, 2020, 07:57:52 PM
 #71

When it comes to issues or matters backed with currency as it is in trading, it's always a matter of experienced to be able to compit favourably with other professionals in the trade. You attempt to make money from them, they attempt to make money from you. Your experience and strategy in the act becomes an added advantage.
Trading is one of the best way to increase your available fund in no time depending on how volatile the market is and the coin for which you are trading. If your looking for a trading strategy that would suit you, I suggest you don't really depend on people's opinion on what's best. I'm not saying other people's strategies don't workbuy I'm saying, what works for others might not work for you. As such, when you are approached with a strategy that seems to add up to you, you test it and she's how far it takes you. Should it suit you, then you adopt it else, you go ahead to testing another. It's more advisable you do your testing in a demo account and if you most do it on an actual account, use the least lot size.

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October 16, 2020, 11:02:24 PM
 #72

That involves our mindset, if we think always negative and if we think about failure, we'll never go far and not to succeed.
Successful traders can surely tell their life that not trading is not so easy. However, they don't give up, they keep moving and correct those mistakes in the past which I believe that everyone can make decisions to correct it and to continue.

What brings your self-esteem down is because we think a lot of negative things around. Why not focus on how to win this battle and thinking about how to learn to trade in order to reach our goal. Nothing is impossible if we seriously work on it.
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October 16, 2020, 11:15:09 PM
 #73

That normal to worry about trading when it's your first time dealing with cryptocurrency. What's important is to prevent that kind of feelings, don't use huge amount of money for the start of your capital. I suggest to invest only at $10, it not painful when you fail on trading and you can learn within a step by step process; before risking at bigger quantity of money.

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October 16, 2020, 11:54:10 PM
 #74

That normal to worry about trading when it's your first time dealing with cryptocurrency. What's important is to prevent that kind of feelings, don't use huge amount of money for the start of your capital. I suggest to invest only at $10, it not painful when you fail on trading and you can learn within a step by step process; before risking at bigger quantity of money.
We can't enjoy that $10 and it is a too small amount to start learning in trading. More experience = more learning and it is impossible for a $10, maybe $100 is good enough then. Learning to trade is costly but if you can make it short, you can save more. But you don't need to rush, not exactly what I mean about short-time learning. If you have studied it before in actual trading, that would be an advantage and it saves time.

But we should have to keep in mind that everything can't be good at all. Sometimes we struggle hard and that is a part of trading, and that should be included in our preparation.
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October 17, 2020, 12:42:24 AM
 #75

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

In a simple explanation we should educate ourselves first before we will going to trade in any kind of cryptocurrency. Yes, trading was simple to think of but difficult to execute since you need to put a money in it and thinking of a money involve makes it terrify. Observe the market for a while and study the market fluctuations though it may not predictable but atleast you may develop your gut feelings of which crypto was worth to trade 

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October 17, 2020, 12:53:36 AM
 #76

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?
Trading is risky and we should be aware of the risk associated with it and that means losing our money. But dont be discourage because if you know you did the right thing on how to start as a trader then dont stress yourself.

You need knowledge, plan and strategy. Thus if you buy a potential coin despite of having low price at the moment dont lose hope because if the market turns better most likely these potential coins will bounce back and you can profit from it.

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October 17, 2020, 03:58:09 AM
Merited by asus09 (3)
 #77

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?
Try to change your way how to buy some coin and get profit later, maybe last your moment for buying some coin after getting good news and you will not have chance to get profit because bigger investor waiting for good news to sell their assets, you have allow their way when buying some coin after get bad news and make price dump, they have ready with bigger amount for investing and you can enter with them, but after getting good news never holding your coin and soon as possible you have sell to get profit.

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October 17, 2020, 05:18:25 AM
 #78

Well, it has never been that easy, trading is always difficult and most cryptocurrencies keeps on going down almost all the time, you just have to technically analyse and invest in the right market at the right time or else you’re just going to keep losing. If you didn’t learn the market before you started, you’re going to be making some mistakes.

But that’s not something to worry too much about, you can still learn everything that there is to learn about cryptocurrency trading. And once you have figured it all out, you’re not going to be losing most of your trades.
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October 17, 2020, 05:39:57 AM
 #79

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's a depressing situation you described there. You're not alone on this and I can tell you for free that every veteran once had their fingers burnt on this too. But the important thing and what cuts them clear of losses is their ability to pick themselves up and forge ahead, mastering the skill sets for trading. The easiest place to start for free is YouTube. There are lots of tutorial materials on YouTube. However, you should also realize that even veterans also have bad trades from time to time. No one holds a holy grail when it cones to trading.

Nevertheless, I must warn you that learning isn't child's play. You have to devout time and practice (this is the area a lot of aspiring traders lag behind) to it to have a grip on it. While you are at it, let me quickly add that, for whatsoever reason, you shouldn't make any trade call from anything less than the 4hr Time Frame. It saves you the emotional trauma of what the lesser TFs do and muddle your brain with.

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October 17, 2020, 06:01:24 AM
 #80

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?
By trading? Maybe, depends on how good you understand the market. If the coins that you buy falls, as long as it is a well known crypto currency such as bitcoin and ethereum, keep holding. If you don't sell anything, you don't make any loss even if the price falls.
You should keep trying. You will make a lot of loss, but eventually with experience you will figure out anything. Or a safe way to make profit is by investing in crypto currencies and holding it for a long term or until your profit goal is met.

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