Fast ways to lose money trading

[CryptopreneurBrainboss]

👉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.

I think this is the most important of them all you highlighted above. Having no stop loss in your trade is similar to a car not having a break to prevent an accident from occuring and you know when it does occur, it'll lead to death or injuries which the car most likely will be destroyed in the process. Now imagine similar even happening to your trading funds in the exchange.

Stop loss isn't all about preventing your from losing but can be used in securing the profits you have recorded from you previous trading hours or days. The common recommendation is from 5% to 10% and this shouldn't always be from your entering point into a trade.

You can always increase your stop loss exiting price as the trades continue so as you take profit when a sudden drop is about the occur without you been active in the market.

[adzino]

-snip-

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.

1. I doubt there is anything known as "too much trading". What does this even mean? Every day is an opportunity to make profit. Or do you have some reason/explanation to it?

2.  6%? How did you come up with this number? Once again, back up your claims with facts like how is 6% going to ensure "your liquidity is low".

3. No matter how much you say "follow your plan", it just won't work. The market is unpredictable.

4. Easy to say, but to suppress your emotions. If someone loses thousands of dollars, it is going to get them real hard.

[dotcoin.info]

I don’t understand why people write advice in the format “do it so that you don’t succeed”, you can just write the normal advice “how to do it” with all the nuances.
You have written typical things that carry little information. How do you know if you are trading too much? Or too large? Or too often? Or too little? blah blah blah.
All this can be reduced to one thing, if you feel uncomfortable in trading, in a certain aspect, then you are probably doing something wrong.

[celot]

I don’t understand why people write advice in the format “do it so that you don’t succeed”, you can just write the normal advice “how to do it” with all the nuances.
You have written typical things that carry little information. How do you know if you are trading too much? Or too large? Or too often? Or too little? blah blah blah.
All this can be reduced to one thing, if you feel uncomfortable in trading, in a certain aspect, then you are probably doing something wrong.

Many people give bad ideas how come just write like this become success, I think need the way how to give advice for some one exactly with newbie wanna start trading on cryptocurrency, they have give basic way with trading like how to choose and know with good or not some coin, then they can give ideas with the best time for buying and selling coin because many people try to make some panic exactly when price is up and ask them for buying.

[fauzan123]

I don’t understand why people write advice in the format “do it so that you don’t succeed”, you can just write the normal advice “how to do it” with all the nuances.
You have written typical things that carry little information. How do you know if you are trading too much? Or too large? Or too often? Or too little? blah blah blah.
All this can be reduced to one thing, if you feel uncomfortable in trading, in a certain aspect, then you are probably doing something wrong.

I think the point is when we want to start trading, the right way is to determine the trading plan in advance, so that we know how much risk and profit limits must be prepared before starting trading according to our abilities.

Of course with this our trading journey becomes more measured, when to stop and when to start trading.

[asriloni]

People are trading on their own decision and that means you didn't know whether they are trading too much or too little. Remember anyone has their own perspective about the market. That means if your opinion will be different with others, you are thinking he was trading too much but he has thought that if he was trading a small amount of money.
Panic is the thing that creating all of those things.
Anyone can decide what will be the suitable amount to trade based on their own condition.

[poodle63]

I found most of people get too carried away on making profit making them losing a lot of money instead of making profit, what I mean is, some people think after they got profit they gonna make another profit just like before and turns out things going out differently and as a result they are losing but keep holding on thinking that it's just a correction and will go up later turns out thats not true at all, it sort of like being too greedy thinking they can predict the world based on their instinct

[South Park]

For people who do not know how to analyze the market, not many choices but to follow the predictions of others, therefore there is such a thing as a copy trade.
Nonetheless, you don't have to follow everything on the other side but determine your own goal and read the trend on the market, the pattern always repeated throughout history. For example, if bitcoin value increases, ethereum and litecoin are more likely to increase as well, it has been proven even at the moment, then your call to buy bitcoin, eth, or cheaper litecoin.

That mentality is why people get in trouble in the market, if they do not know anything about trading there are only two legitimate options that you can follow, the first one is to begin your learning journey so you can understand the markets by yourself, and if for some reason you do not want to do that then you need to stay away from the markets, but people think they can outsmart the markets and just follow the advice of someone else and make profits anyway and for the most part that strategy ends in disaster.

[dotcoin.info]

I don’t understand why people write advice in the format “do it so that you don’t succeed”, you can just write the normal advice “how to do it” with all the nuances.
You have written typical things that carry little information. How do you know if you are trading too much? Or too large? Or too often? Or too little? blah blah blah.
All this can be reduced to one thing, if you feel uncomfortable in trading, in a certain aspect, then you are probably doing something wrong.

I think the point is when we want to start trading, the right way is to determine the trading plan in advance, so that we know how much risk and profit limits must be prepared before starting trading according to our abilities.

Of course with this our trading journey becomes more measured, when to stop and when to start trading.

That's the point. Trading is a matter of control. Your success directly depends on how much you are able to control the things that you can.
Such as: stick to the plan, or control emotions, exit the session on time, understand that it is not worth trading today, and so on.

[youdacapt]

I think the fastest way to lose money in crypto currency trading today is incompetence. What you do not know, you do not know; it is wrong for anyone to trade crypto currency while hoping for profit; You need to be certain of taking profits before entering a trade; you need to certain of escaping with little losses before entering a trade and to realize this situation you must be good and knowledgeable about trading. So i ask you, what do you know about trading ? Your answers tells you why you lose or make more profits

[Fredomago]

I think the fastest way to lose money in crypto currency trading today is incompetence. What you do not know, you do not know; it is wrong for anyone to trade crypto currency while hoping for profit; You need to be certain of taking profits before entering a trade; you need to certain of escaping with little losses before entering a trade and to realize this situation you must be good and knowledgeable about trading. So i ask you, what do you know about trading ? Your answers tells you why you lose or make more profits

In short you must be prepared in any decision making that you'll going to take. Investing to this venue of investment is really risky as voalatility really hurts your capital, if you don't know what you're doing it will leads to completely lose everything.

It's the fastest way of losing your money, taking an entry without further knowledge about the project or about an assets that you'll going to invest your money.

Before you take your chances, learn to do your DYOR!  That's saves you in anything that you'll going to do
whatever investment veneu that you'll going to take.

[asus09]

I think the fastest way to lose money in crypto currency trading today is incompetence. What you do not know, you do not know; it is wrong for anyone to trade crypto currency while hoping for profit; You need to be certain of taking profits before entering a trade; you need to certain of escaping with little losses before entering a trade and to realize this situation you must be good and knowledgeable about trading. So i ask you, what do you know about trading ? Your answers tells you why you lose or make more profits

In short you must be prepared in any decision making that you'll going to take. Investing to this venue of investment is really risky as voalatility really hurts your capital, if you don't know what you're doing it will leads to completely lose everything.

It's the fastest way of losing your money, taking an entry without further knowledge about the project or about an assets that you'll going to invest your money.

Before you take your chances, learn to do your DYOR!  That's saves you in anything that you'll going to do
whatever investment veneu that you'll going to take.

Some people take chance by investing on cryptocurrency depend with recommendation by the other and do not checking by self how much price was up, they think bitcoin or altcoin always have higher price and never hear with correction moment when bitcoin and altcoin going dump. I think is enough with bad analyze right now and keep focus how to make investment most safety and never loss your money again by investing with wrong time.

[ultrloa]

I don’t understand why people write advice in the format “do it so that you don’t succeed”, you can just write the normal advice “how to do it” with all the nuances.
You have written typical things that carry little information. How do you know if you are trading too much? Or too large? Or too often? Or too little? blah blah blah.
All this can be reduced to one thing, if you feel uncomfortable in trading, in a certain aspect, then you are probably doing something wrong.

I think the point is when we want to start trading, the right way is to determine the trading plan in advance, so that we know how much risk and profit limits must be prepared before starting trading according to our abilities.

Of course with this our trading journey becomes more measured, when to stop and when to start trading.

That's the point. Trading is a matter of control. Your success directly depends on how much you are able to control the things that you can.
Such as: stick to the plan, or control emotions, exit the session on time, understand that it is not worth trading today, and so on.

Sometimes traders will go to the point that they think they waste the opportunity to gain more when some certain coins they hold pump more harder after they sell their coins. That's why on next time around they became greedy and turn loader when dump happens after all, that's why whatever the result is trader should think that profit still profit and they should really stick with the plan like the one you said since being consistent on doing that methods you mentioned can make a people a winner on their trades.

[sallybein987]

Fees are another way that you automatically lose money in the stock market. If you invest in a mutual fund or ETF, you are automatically paying fees on your investment. A good fund will have fees of less than 0.35%. However, some mutual funds have fees in excess of 2%.

[Renampun]

*I love all the lists you put in, so real...
Trading is not an exact science so it requires updating of your insight every day, if you are greedy then all you will face is losses. train your mind every day to be able to make good decisions and throw away your greed.

[sallybein987]

*I love all the lists you put in, so real...
Trading is not an exact science so it requires updating of your insight every day, if you are greedy then all you will face is losses. train your mind every day to be able to make good decisions and throw away your greed.

And ability to choose right moment!

[kolbalish]

Of course, fast is not satisfactory at all. Not in trading. It is an area of tolerance and everything here is unexpected but not fast. Those who are beginners assume that trading is fast earnings but it is a misconception and this is why they have to confront losses.

[royalfestus]

Have seen day traders' frustration a lot of time here and in other forums, so have decided to be longterm with exit price in mind. The choice of coin will be as important as the success of trading. Fundamental are important and the market hype may play major role in this market. Defi listed on top exchange and top DEX may give good reward because of the hype around the project and trust of the team. The market is large and most project wont give return we expect from the coming alt season.

[MacHenry]

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.

[Miaallen]

Trading Futures is the fastest way of losing money most especially when you miscalculate the market movement in combination with all the factors stated in this. The best way to avoid losing is by being patient at studying the market wave and total controlling of one's greed.