Fast ways to lose money trading

[xenophilya]

Sit back and think very well, if there is a way to extract emotion from a human being it means the human won't have feelings anymore, isn't that what robots don't have? It means that person is dead, my point is we can't get rid of emotions, it's a sign of been alive, too much of everything is where things can go wrong

Yes we can't get can't rid of our emotions but we can control them. Fear and greed are both dangerous when trading but you can control them and use as a tool for your benefit.

I believe the best way to mitigate emotions is to avoid greed, we can not completely remove emotions but we can bring it down with less greedy trading, To have a large gain is to use experience not greed in trading, when you understand how the market works it becomes clearer and much more easier to win big.

[South Park]

Yes we can't get can't rid of our emotions but we can control them. Fear and greed are both dangerous when trading but you can control them and use as a tool for your benefit.

I believe the best way to mitigate emotions is to avoid greed, we can not completely remove emotions but we can bring it down with less greedy trading, To have a large gain is to use experience not greed in trading, when you understand how the market works it becomes clearer and much more easier to win big.

That is something exceptionally difficult to do in the markets because as we know the markets move by two raw emotions and that is fear and greed, so quite honestly you will need to be almost superhuman to be able to restrain those emotions with anything but your own emotional control, in my opinion the best way to reduce those two emotions is to have a trading system that tells you exactly what to do and how in every single circumstance that it can come up in the markets, that way you will not use your emotions trade but your system, and the system will always be dispassionate about trading the markets helping you to take difficult decisions just when you need it the most.

[cyriljundos]

Many beginner traders have experienced losing by trading alternative coins, those traders lost their investment very quick because they are lack of knowledge and skills in trading. They didnt research about that specific coin and some are dont know how to read graphs and coin flow prediction. even i experience that also, i ln my first time in trading alt coins im losing my money converted it in bitcoin and bought a specific coin and after a week my investment got lost so fast because i dont know how trade well.

[lixer]

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.

Yeah and just tell an ICO owner that you have money they will convince you into investing your money somehow. I have been lured into investing myself so I cannot blame others but we must avoid ICOs now days completely unless someone of your own family is working in their team .

Greed is not a bad trait to have for a trader because while it will make you lose money it will also make you earn bigger on the same coins. One might have bought Bitcoins at 10k and sold at 20k but the one who held till now can even double that amount and in hindsight he made the better choice, but actually it was all because he was greedy and it paid off.

Investing into the wrong coins and then being greedy is dangerous though, so correct your decisions and even greed can be your best ally.

[Sinjokubhi]

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.

Yes, in essence something that is not planned and unthinkable will have an unpleasant impact. Moreover, something that is exaggerated is not even a good thing to do. We exemplify by use, namely waste. Likewise in trading, all decisions must be well planned and thought out. As we wish, all traders like us definitely want success. From what we know, success cannot be achieved as easily as turning the palm of the hand, we must pursue it and fight until we find true success. As I said, being superfluous is not good. From your conclusion, it can be seen that almost all mistakes were made because we were overly predictive, how to trade, controlled emotions, and our lack of knowledge and experience in trading. All of this can cause loss or loss of our money. However, as long as we want to learn to change that habit, then rest assured you will find a point where you will be able to control it all well. Living in which place and who you study, everyone will want the best. Hopefully there will always be blessings in every struggle we do.

[LUCKMCFLY]

To lose quickly, you only need to fall into despair and breach the plan you have or the strategy to follow, the moment you gambling in trading you lose.

Although many times you win without knowing, it is like losing, because each movement that is made in trading, if you win, you must know why you won, and if you lose the same, when you lose in trading and you know why, it is a win, because you have learned and you will not make the mistake to lose again.

[doctor877]

Success is all about planning, it dosent happen in a crashy way so you must have prepared and planned it well. If a trader can join all this tips and use it to make a guide and follow it through, success is sure for such person. Its not easy thats why it will be hard and people might not be able to follow through because of lack of patience and dedication.

[ice098]

Success is all about planning, it dosent happen in a crashy way so you must have prepared and planned it well. If a trader can join all this tips and use it to make a guide and follow it through, success is sure for such person. Its not easy thats why it will be hard and people might not be able to follow through because of lack of patience and dedication.

Trade plan is needed so we cannot be greedy, beinf greedy can be the reason of our losses, in an instant we can lose all our money that we save because we're too emotional. Successful trader takes time before we can be like that, the moment that we can see every failure as a lesson I think that is the time we can be called a successful trader. But if you want to lose money in the fast way be Impulsive it will take you to losses.

[DJANAS]

This is true, but even trading now days is risky

[Inkdatar]

Many beginner traders have experienced losing by trading alternative coins, those traders lost their investment very quick because they are lack of knowledge and skills in trading. They didnt research about that specific coin and some are dont know how to read graphs and coin flow prediction. even i experience that also, i ln my first time in trading alt coins im losing my money converted it in bitcoin and bought a specific coin and after a week my investment got lost so fast because i dont know how trade well.

This is the mistakes by a beginner trading without knowledge. Just entering the market without do your own research will definitely lose your money. It is okay if you converted to bitcoin as long the project you invest is profitable in the long run. Lose money in trading could happen without a plan, lack of knowledge and greed as mentioned above. This is why it is significant to learn and analyze the market this could help even a beginner.

[MIner1448]

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.

This is, of course, good advice, I always think that transactions must be made every day, but this is a delusion, if you go into profit and the market is weak, then you need to stop in time, I haven’t spent my deposit until I understand this. Therefore, it is not really necessary to trade every day.

[bitzizzix]

Many beginner traders have experienced losing by trading alternative coins, those traders lost their investment very quick because they are lack of knowledge and skills in trading. They didnt research about that specific coin and some are dont know how to read graphs and coin flow prediction. even i experience that also, i ln my first time in trading alt coins im losing my money converted it in bitcoin and bought a specific coin and after a week my investment got lost so fast because i dont know how trade well.

This is the mistakes by a beginner trading without knowledge. Just entering the market without do your own research will definitely lose your money. It is okay if you converted to bitcoin as long the project you invest is profitable in the long run. Lose money in trading could happen without a plan, lack of knowledge and greed as mentioned above. This is why it is significant to learn and analyze the market this could help even a beginner.

Because all they think about is making a big profit in a short time and only seeing the price go up and after making a purchase they expect the price to continue to go up and it turns out the opposite.
as I know the majority of beginners make mistakes like doing something without being based on adequate knowledge and analysis with their goals, and end up losing in a short time.

[BITCOIN4X]

Because all they think about is making a big profit in a short time and only seeing the price go up and after making a purchase they expect the price to continue to go up and it turns out the opposite.
as I know the majority of beginners make mistakes like doing something without being based on adequate knowledge and analysis with their goals, and end up losing in a short time.

People seem so confident to buy asset when the price is high because they believe the bullish period will continue and they ignore so many risks that may occur in trading. This belief is possible only because the bull market this time has involved so many institutional investor that it has led many trader to believe that price are continuing to rise. But what is happening now is the opposite and the price is gradually going down and there is no certainty that it will recover any time soon.

However, there are still many people who believe that bitcoin still has the potential to grow bigger than what has been achieved now and that it will affect other crypto asset at large and make the market capitalization increase.

[$crypto$]

Because all they think about is making a big profit in a short time and only seeing the price go up and after making a purchase they expect the price to continue to go up and it turns out the opposite.
as I know the majority of beginners make mistakes like doing something without being based on adequate knowledge and analysis with their goals, and end up losing in a short time.

People seem so confident to buy asset when the price is high because they believe the bullish period will continue and they ignore so many risks that may occur in trading. This belief is possible only because the bull market this time has involved so many institutional investor that it has led many trader to believe that price are continuing to rise. But what is happening now is the opposite and the price is gradually going down and there is no certainty that it will recover any time soon.

However, there are still many people who believe that bitcoin still has the potential to grow bigger than what has been achieved now and that it will affect other crypto asset at large and make the market capitalization increase.

I think it is certain that many will have more confidence in the potential of bitcoin to grow in the future. No matter how they look at Tesla who has invested 1.5 billion USD into bitcoin, can't that convince everyone about the future of bitcoin how?
However, if it is not a long-term trader, then in this case it needs to be corrected again when we buy at high prices even during the bull run, but we have to put aside how the risk will occur, which is the most important in such a way today, we still need the name paying attention to how the movement happened, I know that at a time like this, there are many people who fall into the trap of this gradual decline.

[wxxyrqa]

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.

This is, of course, good advice, I always think that transactions must be made every day, but this is a delusion, if you go into profit and the market is weak, then you need to stop in time, I haven’t spent my deposit until I understand this. Therefore, it is not really necessary to trade every day.

In my opinion, a very big mistake that many traders make is exaggeration of their capabilities. If you correctly set for yourself the goals that a person seeks to achieve, which should correspond to his abilities, then the results will be at least better and, at the same time, too much risk, negates all the early work done.