Fast ways to lose money trading

[jaberwock]

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.

I suppose it resembles gambling a bit in that regard. When a gambler gambles and loses, they martingale, and when they lose again they go even harder on it, and they keep doing it over and over again until they win or they bust and leave with no money at all.

I have seen plenty of people who said they lost 10 times in a row at 50% win chance and how they claim it was a very low chance to reach 10 losses in a row at 50% chance, but the reality is that, 10th is still 50% chance to lose, it is not lower than the previous ones. So that logic of gamblers chasing losses do happen to traders, both when they lose money on a trade, or even on a trade where they made a bit but the price went super high so they missed on profit.

Those people end up being more "greedy" because they have seen what happened last time and they want to be in it this time but that doesn't mean it will be exactly the same.

[1714774689]

1714774689

[1714774689]

1714774689

[1714774689]

1714774689

[1714774689]

1714774689

[XZERO1]

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

These two are the most important parts of your posts based on my own experience with trading, you should not overplay your hands and keep trading an asset because it worked perfectly once or twice for you, you always should set a profit/loss limit for yourself in a day/week that if reached you should cut losses/take profit and move on from that trade.

Also don't ever get on a trade with your full capital no matter how much you think it's a very good opportunity, for instance if you have $1000 to trade with, buy only $50 worth of that token/coin, that way you can start dollar cost averaging if it kept going down and get a better entry price and eventually be able to get out from that trade with profit or at the very least on break even, while if you bough into that coin/token with full or even half of your capital you would lose a lot of money and were unable to average down because you're ran out of capital to trade.

[grandpix]

Perhaps, in my opinion, to reduce the loss in a trade is to buy fast and sell quickly. I do not wait too long because the market tends to change, cutting the loss when the market falls. Most in trading are still psychology and patience.

[South Park]

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

Incompetence is just one side of the equation, after all you can be really bad at trading and as long as you used your common sense and stayed away from the market you will not lose money as you understand that since trading is a competition then that means that you are a great disadvantage against other traders thanks to that incompetence, so what makes people trade even when they know they are incompetent? Greed, when you add greed to the equation everything becomes more clear and we can explain why complete newbies invest all their savings in the market only to lose it all in a matter of weeks.

[Ridwan Fauzi]

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.

That is true, losing money in a second and gaining money in a second if you use a big leverage. Especially for newbies, they have 99% to lose their money and 1% to gain profit. Although, you have profited but that is just for a while before you lose your money, it is just a way you got tempted to trade every time you can. The best way is just trading spot, don't even try to trade in the future market as long as you are not a professional in the trading world and it need a long time at least three year.

[isaac_clarke22]

~

Quite guilty of the first one. Learned a lot from it.
It stresses your mind out because you feel obligated.
Pretty much all of these are subsets of being greed.y

[Slow death]

what is saddest about it all is that what makes people losemoney are the most advice from many people on the internet. I haven't seen anyone give practical and effective advice for people to make a profit doing trade. all I see are the same tips that Op posted.

OP How much do you earn from trade?

Can you show us your results?

[seleme]

Doing the reverse of these suggestions will lead to success in crypto trading but greed is not bad always. Greed can increase the medium cash flow on the trading capital and the increased volatility can cause either bust or double profit. It depends on the trader's performance and market understanding, some get it and make a profit while other traders get rekt quickly. Reverse trading depends on the person's abilities too, maybe the same person will win the same trades for a long time. Reverse trading can be profitable if the trader losses on the majority of trading decisions.

[kawetsriyanto]

Those are what commonly make beginners lose money so easily in trading.
For stop limit, actually, it is also sometimes to occurred on trading is forgetting to set stop loss.
In this case, actually, we can see some people also lose trading because of only following the hypes.
One more, I ever also only follow free signal at the time for the future. this is bad enough. better to ignore and also avoid the free signal if we really don't know how to trade.

[Benefactor]

Exchanging is go to future exchanging without investigating the market and do exchange without experience how to peruse where the market will go, and afterward rest soundly and in the following day it might crash your equilibrium. They need more tolerance to figure out what they ought to do. Your focuses aren't quite clear to acknowledge precisely what you need to clarify. Simply remember, you need to learn before you acquire.

[Freddy11]

The way is with the wrong broker and wrong strategy, so if we are having any such thing, it is only going to lead us to lose, so we have to be very careful with how we move about going things to be able to benefit out through.

[Alexmagn84]

Brokers and Investors who send individuals companion demands via online media and straight-away PM's various individuals with one exchanging guidance, sign or speculation of certain sorts, they are for the most part tricksters. Other beginner botch is they are searching for recently recorded coins in famous trade to accept which is the motivation behind why a large portion of them lost.

[South Park]

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.

That is true, losing money in a second and gaining money in a second if you use a big leverage. Especially for newbies, they have 99% to lose their money and 1% to gain profit. Although, you have profited but that is just for a while before you lose your money, it is just a way you got tempted to trade every time you can. The best way is just trading spot, don't even try to trade in the future market as long as you are not a professional in the trading world and it need a long time at least three year.

In fact the odds do not need to be that bad for you lose your money if you use leverage, let's assume that a person trade the markets without any knowledge about it, this means that for him the market is just like flipping a coin, if the market goes up he wins, if the market goes down he loses, however leverage amplifies your winnings and your loses but the way this is done is not symmetrical, it doesn't matter how many times you win if you happen to have one massive loss you could still end up losing all of your capital.

[Stedsm]

One of the fastest ways I know of (and even some stupid person did it by blowing away investors' BTC) is leverage trading. It can go wrong anytime but you must know at what leverage you should enter and exit. I know of some people who love to take risks at 100 and even 125x leverage but the worst of it all, they do it with their capital all-in and then get liquidated.

[dunfida]

One of the fastest ways I know of (and even some stupid person did it by blowing away investors' BTC) is leverage trading. It can go wrong anytime but you must know at what leverage you should enter and exit. I know of some people who love to take risks at 100 and even 125x leverage but the worst of it all, they do it with their capital all-in and then get liquidated.

Agree on this point which is actually true and precise.This is the the fastest way on dealing with leverage.This is already considered in side of gambling though
but there are people who do still love on engaging with leverage even though its risky but very rewarding if you predicted that right.
In the question on the fastest way on losing money then this would particular or obviously on that leverage trade side.

[doomloop]

That second point is very important, people should always mind the amount of money that goes from their pockets to trading cryptocurrency and investment, I have seen so many people lose money because of this. Saw someone that complained of losing their savings for over six months because he used it to trade Bitcoin, and now he’s broke.

I know that they are doing this because they want to increase that money and get rich, but it’s totally wrong, it’s best to start small and when you keep it steady the profit will keep coming in until it gets big, and if you happen to lose you will know that it is a loss you can take.

[ReiMomo]

One of the fastest ways I know of (and even some stupid person did it by blowing away investors' BTC) is leverage trading. It can go wrong anytime but you must know at what leverage you should enter and exit. I know of some people who love to take risks at 100 and even 125x leverage but the worst of it all, they do it with their capital all-in and then get liquidated.

Agree on this point which is actually true and precise.This is the the fastest way on dealing with leverage.This is already considered in side of gambling though
but there are people who do still love on engaging with leverage even though its risky but very rewarding if you predicted that right.
In the question on the fastest way on losing money then this would particular or obviously on that leverage trade side.

Exactly, because they think that high risk also high potential to gain profit. That's how to leverage trading will work but technically speaking, it will also easy to wipe out your portfolio if you don't know how to trade. It is very risky.

Trading is a sort of gambling, it is very risky but the difference is trading can apply technical analysis while gambling is pure luck.

There are too many reasons why you lose faster, stop loss is very important when you are in trading and also you have full control of emotion and should stick to the plan.

[Fredomago]

That second point is very important, people should always mind the amount of money that goes from their pockets to trading cryptocurrency and investment, I have seen so many people lose money because of this. Saw someone that complained of losing their savings for over six months because he used it to trade Bitcoin, and now he’s broke.

I know that they are doing this because they want to increase that money and get rich, but it’s totally wrong, it’s best to start small and when you keep it steady the profit will keep coming in until it gets big, and if you happen to lose you will know that it is a loss you can take.

It also increase  your experience,  and  adds up expertise to run your money correctly,  starting  with the amount  you can afford to spare,  treating  it as your fees while learning inside this industry. We human  have a built-in  intelligence  as we go further  we can easily  adopt and learn.

If you are serious about taking the process  slowly  but surely  your chances  of multiplying your initial investment  is really high.  There's  always  a way if you are determine to find success out from this investment industry.

[South Park]

One of the fastest ways I know of (and even some stupid person did it by blowing away investors' BTC) is leverage trading. It can go wrong anytime but you must know at what leverage you should enter and exit. I know of some people who love to take risks at 100 and even 125x leverage but the worst of it all, they do it with their capital all-in and then get liquidated.

Leverage should only be used by expert traders and even then anything above 10x is a terrible mistake, newbie traders are attracted by the possibility of making a fortune with a small amount of capital but they do not understand that exchanges give you that option because they know newbies will pick it and lose all their money sooner or later, and the worst part is that many use leverage while also investing in new coins which can move very abruptly, which means they can lose all their capital in a matter of minutes if they are not careful.

[youdacapt]

Incompetence is just one side of the equation, after all you can be really bad at trading and as long as you used your common sense and stayed away from the market you will not lose money as you understand that since trading is a competition then that means that you are a great disadvantage against other traders thanks to that incompetence, so what makes people trade even when they know they are incompetent? Greed, when you add greed to the equation everything becomes more clear and we can explain why complete newbies invest all their savings in the market only to lose it all in a matter of weeks.

As you have stated above; Discipline is also one way with which we can lose money to trading; when a trader cannnot define whhen to trade and when to ignore the market it leads to losses; Also, a trader who is not disciplined will be greedy. I say this because self discipline in trading will help you to take the right decisions about trading, taking profits, exiting trades etc.