Fast ways to lose money trading

[FanEagle]

You don't need to trade every now and then. Look for trading opportunities that offer you the potential to make a quick profit. If day trading suits your own personality, you day trade, if swing suits you, you swing trade, etc.

You can pick coins that have high volatility and high liquidity. If you’re not day trading, try to pick those coins that have good liquidity and volatility.

Apply the Money Flow Index Indicator on the 5-Minute Chart.
This day trading strategy uses one simple technical indicator, namely the Money Flow Index. This indicator helps to track the activity of the smart money and to gauge when the institutions are buying and selling cryptocurrencies.

Wait for the Money Flow Index to reach the 100 level. An MFI reading of 100 shows the presence of the big Whales stepping into the markets. Buy if MFI = 100 and if the subsequent candle is bullish. Set your stop loss and remember to take profit asap.

I would say that would be one of the best methods to lose money very quickly. You are suggesting something that should take time to become good, if you do not know what swing trading is today, you are not going to go look at study and become an expert in a week and start doing it, you are going to end up losing a lot of money on it. You are not going to become a great day trader and make great quick profits very early neither, it will still take time.

One thing that you cannot make any loss would be buying and holding, sure it may go down, sure it may even crash, bitcoin today is around 37k levels, it could become 25k levels in a month, who knows? But you can still wait and hold and get better, that is how you make a great deal of profit without having much risk. Your methods are good methods but not for newbies, they may not understand how it works.

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[giammangiato]

Hey guys, I recently started trading on Binance and I read books, watched videos on fundamental analysis, support and resistance. I try to improve myself on crypto trading and also on psychology aspect of trading. The path of a trader is not as easy as most think. It is quite different lifestyle portrayed on Instagram. You could be a trader for five years and you'd still not have enough knowledge or experience. Maintaining profitability is a tough challenge.

?Fast ways to lose money trading;

?Trade too much - You don't have to enter a trade everyday even if you're a day trader.

?Trade too big - Don't use more than 6% of your capital when trading. Ensure your liquidity is low

?Trade randomly - Don't trade every coin. Be smart, choose coins you're comfortable with. Don't gamble, always have a plan and follow through on it.

?Trade based on your emotions - Trading is about 90% psychology. Guard your mind and your heart so you can properly apply your trading plan.

?Trade based on predictions - Don't trade based on financial advice from someone on telegram or any of the social media platforms. Do your own research.

?No stop loss: This happened to me once. I lost a chunk of my capital. Stop loss was created for a purpose use it for every one of your trade.

?Cut winners fast: Don't be greedy!! Collect your profits.

?Let losing trades run: This would kill you, if a trader is going bad I think it's better to close the position at your stop limit rather than letting it run in hopes it may come back to our favor.

Another fast way is don't use stop-loss in the trading and follow other investments without study the projects or price trend. I hate the financial advice on telegram, everyone try to promote their cryptocurrencies and in the 90% of cases they are scam or without a strong project/community behind!

[giammangiato]

Another fast way is don't use stop-loss in the trading and follow other investments without study the projects or price trend. I hate the financial advice on telegram, everyone try to promote their cryptocurrencies and in the 90% of cases they are scam or without a strong project/community behind!

[South Park]

I believe that as long as you stay patient and you end up grinding your way to top, you have very little challenge ahead of you if you can wait around. I am not saying that is the case for everything, all I am saying is that we are in a situation where this is not really as bad as it looks. Definitely people think that losing money on trading is easy because it is common but not all common things are that easy like you imagine.

The reason why it is common, the simple fact that almost everyone in the world is not familiar with making money with money, most of us work to make money and we have our jobs, so an income from our money is unfamiliar territory for us and that is why we end up losing money. Reality is that it is not that difficult, the only problem we have is that we should be learning and studying it, which takes time, if we act very quickly we will lose, but if we take our time and learn that means we could profit.

Most people have problems understanding the economy at all which means they have no hope to trade effectively any market, and when you add that the markets are designed to exploit your insecurities and psychological weaknesses many people never get to understand why they lost their money when they do what they have been doing during all their life and gotten success with it, and this is because for the most part your feelings are being exploited by the market, whenever you feel the urge to sell your coins that is what the market wants you to feel so you sell your coins for a loss, this happened in March of 2020 and now we are seeing the devastating results for those that did so and refused to get back in the market.

[barbara44]

Fastest way I know how to lose money in trading is to put stop loss in a very very short position, like some people have 1% stop loss built into their system, it could be directly on the exchange, it could be a trading bot, but they do 1% stop loss, which means if the price goes down 1% the yend up selling all of their positions and try to get back in.

That is as bad as it gets and you will end up losing a lot of money if you keep doing it because price changes 1% daily, that is literally the spread we have and price could be 1-2% up or down at any hour of the day, very commonly and very frequently as well, that is why I never really imagined it would be smart for anyone to make this kind of stop loss but people do that, I do not understand why they do it but I understand that people do it and lose money very frequently, specifically on trading bots because that ends up losing a lot of money for them.

[Rasel5209]

Your opinion is good i agree with it. But i don't agreed with your first chosen. I think a trader need every day trade with profit or loss. High or big amount but need trade every day.

[boyptc]

I think a trader need every day trade with profit or loss. High or big amount but need trade every day.

Just for the experience? well, do that with small capital so you wont be in hard loss if it is okay for you to lose.

It is normal to losw but you dont do that as a habit because we are all aiming for the profit as we trade.

[Natsuu]

Your opinion is good i agree with it. But i don't agreed with your first chosen. I think a trader need every day trade with profit or loss. High or big amount but need trade every day.

A trader, doesn't really need to trade every day as there is the long-term investment which is me right now. Yes you may look every now and then on how the flow is working, but always stick with your plan. And Do not forgot to place a stop-loss especially when in long-term. You don't want a major loss out of your capital.

[jahepahit]

All these are simply the good steps that can assure loses in trading. My own major caution is not to try to slip the learning process. That's the one thing I feel like people want to game and it usually lead to heavy loss. Be patient and learn till you become a pro.

[fullhdpixel]

Most people have problems understanding the economy at all which means they have no hope to trade effectively any market, and when you add that the markets are designed to exploit your insecurities and psychological weaknesses many people never get to understand why they lost their money when they do what they have been doing during all their life and gotten success with it, and this is because for the most part your feelings are being exploited by the market, whenever you feel the urge to sell your coins that is what the market wants you to feel so you sell your coins for a loss, this happened in March of 2020 and now we are seeing the devastating results for those that did so and refused to get back in the market.

You have to give it to those people and why they do not get it. To be honest it took me years to fully understand how the market works, and why it moves one direction or another, it wasn't really simple, at least in crypto it is not simple at all. I personally did tried my best to understand what is going on, but it took me so much time to get there, because in stock market world when a company profits that means stock should go up, and even if it doesn't that at least means it is undervalued and if you buy it according to numbers, you will profit later on.

There is no reason for bitcoin to be 10 dollars or 10 million dollars, it all depends on what people perceive the price should be and that's it, so I understand it if people have hard time not getting how the market works and why people lose money that easily because it is not an easy task to handle.

[KyoRider]

Got a short answer for this hahaha! INVEST ON SHITCOINS LOL

[carlisle1]

Hey guys, I recently started trading on Binance and I read books, watched videos on fundamental analysis, support and resistance. I try to improve myself on crypto trading and also on psychology aspect of trading. The path of a trader is not as easy as most think. It is quite different lifestyle portrayed on Instagram. You could be a trader for five years and you'd still not have enough knowledge or experience. Maintaining profitability is a tough challenge.

🌟Fast ways to lose money trading;

👉Trade too much - You don't have to enter a trade everyday even if you're a day trader.

Win or Lose it's better to trade in Coins that you are 100% sure (depend on your instinct i Guess)

👉Trade too big - Don't use more than 6% of your capital when trading. Ensure your liquidity is low

Wasn't that too low? per trade? 6% when we can at least use 15?

👉Trade randomly - Don't trade every coin. Be smart, choose coins you're comfortable with. Don't gamble, always have a plan and follow through on it.

This is far from my stand because for Me trading at somewhat is gambling.

👉Trade based on your emotions - Trading is about 90% psychology. Guard your mind and your heart so you can properly apply your trading plan.

Never trade when you are emotional.

👉Trade based on predictions - Don't trade based on financial advice from someone on telegram or any of the social media platforms. Do your own research.

Exactly !!!! agreed 100%

👉No stop loss: This happened to me once. I lost a chunk of my capital. Stop loss was created for a purpose use it for every one of your trade.

For assurances always use this even if your awake or active.

👉Cut winners fast: Don't be greedy!! Collect your profits.

Maximum target is 20% , that's enough for daily trading.

👉Let losing trades run: This would kill you, if a trader is going bad I think it's better to close the position at your stop limit rather than letting it run in hopes it may come back to our favor.

There are many days, if this is not yours then try in the next week .

[Traderbtcc]

👉Trade too big - Don't use more than 6% of your capital when trading. Ensure your liquidity is low

This is one of the easiest way to lose tyour trading capital, trading with more than you can afford to lose is bad plan, I have made this mistake once and I was trading on Binance futures all my trading capital got liquidated, all because I used more than I can afford to lose, I was trying to convince my self the coin will pump back up, but it didn't and I paid the price, since then I learnt my lesson and only trade with what I can afford to lose.

👉Trade randomly - Don't trade every coin. Be smart, choose coins you're comfortable with. Don't gamble, always have a plan and follow through on it.

Trading randomly is a bad idea its best you pick 5-10 coins you know really well and trade on instead of jumping from one altcoin to other, personally I only trade on BTC, eth, sxp, and cake.

[blockman]

Got a short answer for this hahaha! INVEST ON SHITCOINS LOL

That's easy and really a fast way of losing.

Trading randomly is a bad idea its best you pick 5-10 coins you know really well and trade on instead of jumping from one altcoin to other, personally I only trade on BTC, eth, sxp, and cake.

Yes and that's why it's also another fast way of losing money as you trade. In trading, you're quick to gain profits but you're quicker in losing money if you don't do it correctly.

[Hamphser]

Got a short answer for this hahaha! INVEST ON SHITCOINS LOL

That's easy and really a fast way of losing.

This is actually on point where if you do like to lose money then just simply buy those shit coins.

It is just good when you do make out bet on dice and make some single roll even though odds on making money is different.

Greed is one of the most common reason on why people do really end up on losing money.Making out bad decisions
due to rushing up or impossible or unrealistic motives.

[blockman]

Got a short answer for this hahaha! INVEST ON SHITCOINS LOL

That's easy and really a fast way of losing.

This is actually on point where if you do like to lose money then just simply buy those shit coins.

It is just good when you do make out bet on dice and make some single roll even though odds on making money is different.

Greed is one of the most common reason on why people do really end up on losing money.Making out bad decisions
due to rushing up or impossible or unrealistic motives.

It's a real experience to me and for sure others have experienced this too. It's made due to the hype and FOMO that's being brought by the news and those people who are good in spreading news in the community. They're making everyone look at the moment that it's profitable but later on will make it look like you're profiting at the earliest but if you're too slow then you'll be left behind and you'll lose once the hype is gone.

[Rexler]

👉No stop loss: This happened to me once. I lost a chunk of my capital. Stop loss was created for a purpose use it for every one of your trade.

Not using a stop loss while trading is like driving a car on a high way without any brake pads, that car is band to crash, same thing goes for trading cuz the market is so volatile and unpredictable, you can't predict it right so knowing and using your risk to reward management is very important, just incase things don't go the other way round you can lose only a small amount of the capital you used for that particular trade.

👉Cut winners fast: Don't be greedy!! Collect your profits.

After I lost a $14 profit and got rekt'd later on, I start taking profits whenever I see one, to avoid repeating the same mistake of hoping the market will work hard to get me my desired profit.

[Pamadar]

Got a short answer for this hahaha! INVEST ON SHITCOINS LOL

That's easy and really a fast way of losing.

This is actually on point where if you do like to lose money then just simply buy those shit coins.

It is just good when you do make out bet on dice and make some single roll even though odds on making money is different.

Greed is one of the most common reason on why people do really end up on losing money.Making out bad decisions
due to rushing up or impossible or unrealistic motives.

It's a real experience to me and for sure others have experienced this too. It's made due to the hype and FOMO that's being brought by the news and those people who are good in spreading news in the community. They're making everyone look at the moment that it's profitable but later on will make it look like you're profiting at the earliest but if you're too slow then you'll be left behind and you'll lose once the hype is gone.

Bad decision making following others call and forget to do your research.

You'll ending up losing your money by buying shit coins who seems to have a good spread coming from the pumped group or pay group who do the spread out, there are many people who falls from this scheme ending up regretting because of losing funds as they've been trapped around with project that was been abandoned.

[blockman]

Bad decision making following others call and forget to do your research.

You'll ending up losing your money by buying shit coins who seems to have a good spread coming from the pumped group or pay group who do the spread out, there are many people who falls from this scheme ending up regretting because of losing funds as they've been trapped around with project that was been abandoned.

Newbies are likely to do this mistake all over again. They believe in others' calls without doing research. It sounds easy because those people that they listen to labels themselves as crypto experts and traders. And they are easily caught because they seem to believe that whatever coin they say, they're likely to buy it. That's the crowd call before and it happened many times before and keeps on happening for those newbies that don't have someone to guide them.

[South Park]

Fastest way I know how to lose money in trading is to put stop loss in a very very short position, like some people have 1% stop loss built into their system, it could be directly on the exchange, it could be a trading bot, but they do 1% stop loss, which means if the price goes down 1% the yend up selling all of their positions and try to get back in.

That is as bad as it gets and you will end up losing a lot of money if you keep doing it because price changes 1% daily, that is literally the spread we have and price could be 1-2% up or down at any hour of the day, very commonly and very frequently as well, that is why I never really imagined it would be smart for anyone to make this kind of stop loss but people do that, I do not understand why they do it but I understand that people do it and lose money very frequently, specifically on trading bots because that ends up losing a lot of money for them.

They do this because they do not understand trading, many books do in fact say that the most you can afford to lose in a single trade is 1% that is true, but a 1% stop loss only makes sense If you are investing all your capital in a single trade, and no one that knows anything about money management should be doing something like that, so if you just invest a small portion of your capital that means your stop loss can be wider and still only lose 1% of your capital if you happen to be wrong.