Fast ways to lose money trading

[Shasha80]

I have also learned a lot about trading for 3 years, and I have executed all the points mentioned in the opening post. Because all the information
mentioned at the opening post is basic knowledge that traders should know, if we don't know and understand it.  It is very difficult to succeed in
trading. Because trading is quite complex, we not only have a lot of money to be successful in trading. Most of the people who lose money while
trading definitely don't follow the basic trading rules properly, because it takes discipline to become traders who can make a lot of profit.

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[Kelvinid]

It is because we wanted this to happen knowing that there is no such instant return and quick scheme but some people are too greedy and they take someone who will offer such a thing and lose their money after. We don't need to blame all our losses to the people offering scam thing because, in the first place, we are the one to take that offer, if just ignore this then there are no such losses will come to us.

Traders must have to realize that trading could make us lose our money faster if we don't manage it carefully and to open up the minds that we need to work on it, not the other people or services will work on behalf.

[blockman]

The fastest way is to buy a "gem" altcoin just like the definition of other traders and then lost it by holding and believing that it will be more than 1000x gains.
You don't need to have a lot of factors to lost money in trading. Everyone is trading for the sake of profit and for that reason, everyone experiences the opposite result of what we want to have.

[maxreish]

Let me add up some that will eventually lose all your fund in trading;

-Not setting stop loss or even cut losd and will ended up being liquidated
-Trade like a pro even if it's not (Overconfidence in trading)
-Easily believe in fud that will lead traders to panic sell or panic buy

Also, it's not bad to listen other's speculation and suggestions. As lonh as you confirm it to your own technical analysis before procreeding. Of course we need other's idea and predictions for basis but if you as a trader know what you are doing and also know how to read indicators, you will be in a right track.

[Reid]

Thank you for the reminder.
I can still remember some on your lists that I did before.
Well, that helps too since I learned from my mistakes.

I think most of it will happen if you are rushing.
It's a sign of panic and it tends to break your decision-making and your plans about the right time to buy or sell.
Most traders will have to experience that to be a better one.

[iv4n]

Well in trading sometimes things just happen! Many times things just not go as we planned, It's why I always say "have a backup plan, have some exit strategy"!
Some ways to lose money in trading presented by OP are mistakes that mostly rookies make, but it happens to experience trader to make a bad move here and there...after all we are humans, we make mistakes all the time, but as we learn from those mistakes we minimize the risk of making similar mistakes in the future, and if we make a mistake to not hurt us too much!
Some ways are generally good advices...never trust random people and services, always do your own research, don't be greedy (at least not all the time, while being greedy in some situation can give you courage to make some risky move and make a very nice profit), don't trade randomly and based on emotions, without good research most likely you will just throw away your money!

PS: All this fast ways to lose money in trading works for gambling too! It would be "fast ways to lose money gambling" and just replace all trading words for gambling, and it would be 100% accurate (especially for betting on sports)!

[YOSHIE]

Some of the parts that you describe make sense some others depend on the conditions of market movement, not always to limit the finances you want to trade, in the field, different in theory and different from practice.

Everyone trades based on existing experience, the more often you do it, the more courageous you will make decisions in trading.

Example: what happened in the last few days with the Doge coin, who dared to make a decision when the price was cheap at that time, at times 3 times the current profit, that's a real example.
Trade has principles and the courage to take advantage.

[Majharul Saiif]

There are many reasons to lose money in trading. People who haven't patience and knowledge about trading are the most sufferers in the crypto-world. Scammers are liable also for fast ways to lose money. After new entry in the market new trader should study and observe for a long period. Don't get emotional and hurry to take any decision. If one achieves experience then the chance of losing money decreases.

[fullhdpixel]

There is a lot of reasons why the traders lose money when they trade coins , but not all the time is because is your fault because sometimes losing money is normal due to unexpected situations. But mostly the traders who lose more money is the beginners who lost a lot of money that they trades it because they are not know some of the ways that they need to avoid to prevent losing money.

I believe that there is a serious veteran experience of losing as well. Sometimes veterans just make it known that they are not going to continue with a trade and cut their ties and take the loss because that is the easier way to take, there is really no reason to go down a path where there is more loss incoming. So, let's say you have 1000 dollars in a trade, you have lost 300 dollars already, and it looks like you may not be able to recover it at all, it is going down for some reason, maybe a permanent reason, and it will never recover, so instead of losing even more, why not just get out?

So, there are clever ways to take a loss and move on. Also not every trader makes a profit, not forever, even if you are a superb trader you are going to end up with losing on some trades, it is just the way it is and there is no way around it.

[Yamifoud]

There are many reasons to lose money in trading. People who haven't patience and knowledge about trading are the most sufferers in the crypto-world. Scammers are liable also for fast ways to lose money. After new entry in the market new trader should study and observe for a long period. Don't get emotional and hurry to take any decision. If one achieves experience then the chance of losing money decreases.

Scammers can't be an excuse but it is all about how we respond to them. The market is so tricky, sometimes we never know it was a scam until getting scammed.

That makes it very important to invest more knowledge and ideas in crypto, we have to listen also what others say and to act smart than being foolish people who always aim for money. Because this was the main reason why we always been fooled by our emotions and brought us into losses.

[cryptolord2077]

Trading is extremely difficult and energy consuming. The main thing that is important to understand is that without a concrete plan and strategy, you will not be able to move smoothly.
But having a plan is not enough; it is much more difficult to stick to it. For me personally, this is problem number one.

[Yatsan]

Simple moves and mistakes can already get you into trouble while dealing on trading. I think I got the point why this have been created. This is to serve as a notice on people especially on newbies out there that are trying to get their hands into trading to avoid such things that can make their money lose in fast ways. It is considerable a good way to educate them because some people still finds it difficult to understand what they must avoid on doing trading to be able to protect their funds. In such way, they will be aware of the consequences right in front of their way once they mistakenly commit those fast ways of losing their money on trading. Trading is already have a high associated risk which must be our aim to manage not to add up to be able to take profit and not loss.

[celot]

I trade with all my money have in wallet exchange just stopping when reach profit about 6% until 10%, I think more enough if have much money to get few percent profit every day and waiting next entry with other coin and have the same technical, just get few percent and later close position. Always did the same way when trading and never wanna waiting more long time because very risk when price dump we have wait again few day or few week check coin back to higher price.

[Pokapoka124]

I trade with all my money have in wallet exchange just stopping when reach profit about 6% until 10%,

You trade with 100% of your capital? That's risky even for spot trading. You could get liquidated fast

[asus09]

Fastest way to loss your money because you not get good analyze when entry for trading with spot or future, but you keep promising with hold for long term without any stop loss and keep hold for long time. I think trading need to put stop loss when coin have change way with your predicting but always choose bigger coin for trading, I think now the best time if you wanna get much profit buy bitcoin or ethereum because still have lower price right now and you can get much profit.

[zanezane]

Fastest way to loss your money because you not get good analyze when entry for trading with spot or future, but you keep promising with hold for long term without any stop loss and keep hold for long time.

I do not think that this is the best speed run tactic to lose money when trading, I believe that the fastest way is to dump all your money on shitcoins that are popping up. Believe me, they can drain your balance real fast, you also need to look out for shitcoins that you know already are just a quick cash grab for the developer. Future is way more faster than spot in my opinion.

[Danumsigwasan]

If we need to be all so very wise with trading, as without planning well, we are most likely to lose out. Luckily, I have found a good way through Forex tools but we have to do proper research to enable things right. Not a lot effort is required for me to make with Myfxtools, as it’s fascinating and helps big time to be able to make right choice, as they have in-depth details to help up with doing things right and make better decisions.

[blckhawk]

Trading is extremely difficult and energy consuming. The main thing that is important to understand is that without a concrete plan and strategy, you will not be able to move smoothly.
But having a plan is not enough; it is much more difficult to stick to it. For me personally, this is problem number one.

They say it's easy to make a plan but hard to follow it. I think in trading, what you need are different types of experiences so you will be more aware on the consequences when trading badly. For me, trading won't be profitable at all and will left you empty pocket if you don't know the best entry and exit. If you think you are losing much already, then always know when to make an exit.

Quite true and this also applies in managing our emotions. It is easier to be said that you will be able to handle the things up but when the real things came up most of us lose our cool and messed it up. But I believe that it can be still able to control it, with practice and experience will you will make it. Trading can be pretty risky and this could be compared to gambling if you have no knowledge regards it so if you want to lose money this could be the best way. Anyway, having an exit and entry point was greatly necessary, it is recommended to have a plan, you should know your limitation because being greedy will not give you anything but a loss.

[Ridwan Fauzi]

Trading is a cursed profession, someone told me about it. He is a professional trader who has been traded for almost ten years.

Although you have many experiences you will always find a mistake that is repeated by yourself.

Lots of advertisements display that trading is an easy way to get money, that's a big mistake. In fact, I think it is the first way you will lose money.

It takes time to get consistent profit, it takes time to have calm in trading and it also takes money that you really want to give up.

[$crypto$]

Trading is extremely difficult and energy consuming. The main thing that is important to understand is that without a concrete plan and strategy, you will not be able to move smoothly.
But having a plan is not enough; it is much more difficult to stick to it. For me personally, this is problem number one.

They say it's easy to make a plan but hard to follow it. I think in trading, what you need are different types of experiences so you will be more aware on the consequences when trading badly. For me, trading won't be profitable at all and will left you empty pocket if you don't know the best entry and exit. If you think you are losing much already, then always know when to make an exit.

With experience we will know how trading is more difficult than planning that easily so we must know how to enter and exit and it's true that trading should not only rely on where the trend occurs but it takes analysis and skills that we have, I think this is indeed difficult. disclosed here, but we do how to actually work how to be profitable with the ability not to empty the pockets because you just force yourself.