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Author Topic: my trading is a fail help me, thanks  (Read 1837 times)
J1mb0
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April 15, 2021, 07:43:21 PM
 #41

If you are not a good daily trader, it is best to find yourself a different strategy, keeping for the long term is a strategy chosen by many people.
Don't try to join signal groups, most of them are scams and you only lose your money.


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April 15, 2021, 07:52:01 PM
 #42

I think your problem is your strategy itself. Instead of seeking external help in your trading try to recreate your strategy or learn new indicators to add up few more confirmations in your strategy. These two things alone might cut down your number of lost trades. All the trading groups either on Facebook or telegram will be signal based which would ask you for their premium subscription and will make you a handicap of their services and you will only trade as per their calls and trust even with that most of the times you will find yourself not that profitable. The best technique is to learn more, read the experiences of failed traders about what did they do wrong.
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April 15, 2021, 08:53:28 PM
 #43

I think your problem is your strategy itself. Instead of seeking external help in your trading try to recreate your strategy or learn new indicators to add up few more confirmations in your strategy. These two things alone might cut down your number of lost trades.
Explore and take deeper study regarding to your trading activities, adding more ideas to your strategy
will allow you to have a much better chance, it's on you to adjust and to keep trying to find the right system to use.

Quote
All the trading groups either on Facebook or telegram will be signal based which would ask you for their premium subscription and will make you a handicap of their services and you will only trade as per their calls and trust even with that most of the times you will find yourself not that profitable.
Keep relying to other people's knowledge will not let you grow. It's very important to have your own decisions
and own judgements with every participations that you'll going to take inside the market.

Quote
The best technique is to learn more, read the experiences of failed traders about what did they do wrong.
Use it as basis and try to recreate a much better system to follow, it will lead you to the right path, and expect good
success once you enhance your skills and knowledge about this business.
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April 15, 2021, 08:56:12 PM
 #44

Do you have any Facebook page or in any kind of social media that has someone who gives you a warning when you trade or not? I have been in many Facebook groups but its not what I am looking for.

There isn't any such service anywhere.
Good traders are too busy making money and spending money so they won't have time to advise you.
Try to improve your trading by learning, if you cannot improve your trading then you should change your investment strategy.


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April 16, 2021, 04:02:56 AM
 #45

Do you have any Facebook page or in any kind of social media that has someone who gives you a warning when you trade or not? I have been in many Facebook groups but its not what I am looking for.

There isn't any such service anywhere.
Good traders are too busy making money and spending money so they won't have time to advise you.
Try to improve your trading by learning, if you cannot improve your trading then you should change your investment strategy.
Every trader has experienced failure, of course, but failure should be used as a lesson to achieve success in the future. for me it doesn't suggest much, that is to keep practicing, because good traders are because they already have a lot of experiences, either bitter experiences or sweet experiences.

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April 16, 2021, 11:33:20 AM
 #46

In order to trade bitcoins at the moment, capital is needed, there is no other option. Without capital, it is impossible to raise a fortune in bitcoin trading It used to be possible when its price was still achievable, but not now.
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April 16, 2021, 01:53:06 PM
 #47

From the subject itself, I have been trading these days, and success can be only be counted on hand and it's just damn luck for myself when I succeed a few times.

I want to explain my strategy but it's just giving me anxiety all I know is wrong for it failed a few times.

please be nice to what I am going to ask

Do you have any Facebook page or in any kind of social media that has someone who gives you a warning when you trade or not? I have been in many Facebook groups but its not what I am looking for.


Thanks for the nice response.

Even though it can only be counted in hand, I think it is still OK and we must still be happy for that. I tried to trade before but even a count of success in hand did not happened. Anyway, I think you used a small capital that is why the profit is small too. I think that kind of beginning is a good start. Yes, maybe you want to share your strategy? Not all people who will read it will believe in you or will appreciate you but I am sure it will be a great help to some. Accept positive and negative criticism positively. Whats important is that you're earning through that strategy and you're not being selfish because you want other to earn too.

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April 16, 2021, 02:15:14 PM
 #48

snipped~

Even though it can only be counted in hand, I think it is still OK and we must still be happy for that. I tried to trade before but even a count of success in hand did not happened. Anyway, I think you used a small capital that is why the profit is small too. I think that kind of beginning is a good start. Yes, maybe you want to share your strategy? Not all people who will read it will believe in you or will appreciate you but I am sure it will be a great help to some. Accept positive and negative criticism positively. Whats important is that you're earning through that strategy and you're not being selfish because you want other to earn too.
He has nothing to share, he even asking for help on how to become successful in trading.

I actually believing luck in trading but most of all, trading needs more knowledge and skills which I presume that OP didn't have that much. So even he is doing his best to succeed but unfortunately, he never makes it and lose. It is truly happening to us especially to beginners but I just consider this as a measure of how strong we are and committed to learning more about trading. Coz if we just quit, definitely that's the end our of trading journey.

R


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April 16, 2021, 03:13:43 PM
 #49

Signals are useless and it will put you in more critical condition, failing in cryptocurrency trading is not a bad thing as long as you are learning from your mistakes and correcting them in your future trades.









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April 16, 2021, 03:43:45 PM
 #50

Honestly, relying on others in Trading is not fun at all, not profitable as well if you accidentally followed someone's signal that's not good in Trading, lucky if you find a good one. So I suggest that you should read books instead about Trading or watch YouTube tutorials, try it using a demo account or using small amount of money for verification that it is working and profitable.

Trading is a trial and error way of making money, you'll lose a lot first but you'll also earn a lot after you've learn how to do it properly.
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April 16, 2021, 05:25:50 PM
 #51

I don't really believe in group signals via social media or anything, it's better if you rely on your own analysis and if there's any drawbacks you better study with an expert you think is trustworthy and you can take into account.
and you can search for basic knowledge and introduction, media exchange education, to crypto asset investment tutorials that are circulating in the form of interactive text and videos. This content is of course very useful, especially for beginner traders who want to explore investing in crypto assets.
and if I notice that the OP is not a beginner, I think you have good skills and experience while you are here.

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April 16, 2021, 05:41:23 PM
 #52

Even though it can only be counted in hand, I think it is still OK and we must still be happy for that. I tried to trade before but even a count of success in hand did not happened. Anyway, I think you used a small capital that is why the profit is small too. I think that kind of beginning is a good start. Yes, maybe you want to share your strategy? Not all people who will read it will believe in you or will appreciate you but I am sure it will be a great help to some. Accept positive and negative criticism positively. Whats important is that you're earning through that strategy and you're not being selfish because you want other to earn too.
I have traded for a while now, and I can tell you that it usually gets better when you keep insisting on it. On my first ever year trading I have made a 20% minus return, lost 20% of my money, that wasn't really that bad to me, I saw it as learning expense (I actually bought some stuff to help me learn as well but that wasn't trading cost, just study cost).

Next year I made a tiny bit of profit, it wasn't big but it wasn't negative neither, and third year was about the same, it was tiny enough that market beat me by a lot. On my fourth year I have made a bit more than that, it was good, I could say I finally caught up with the market. This year, I didn't even traded, I just bought bitcoin at low prices because I believed it would go up, and then it went up like 10x from where I bought it, so I am doing quite good, that is why you should always keep grinding if you can afford it.

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April 16, 2021, 05:58:59 PM
 #53

Signals are useless and it will put you in more critical condition, failing in cryptocurrency trading is not a bad thing as long as you are learning from your mistakes and correcting them in your future trades.

I totally agree with you, in addition that many of the signals are a follow-up of the famous telegram groups that are "Dump" and "Pump", some and mostly just take an average / probability of when the movement will occur, particularly that is difficult to predict, some groups of signals already have their own bots that have the signals based on the time of occurrence and taking into account the repetition time, very few use in technical analysis, very few give long-term signals, which, indicates that do not follow an order or a fusion between technical analysis and fundamental analysis.

Also, if the signals were profitable, they would give them for free, because if they are effective, why don't their creators use them for their own benefit? or are they just like an ONG that in this case they charge?

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April 16, 2021, 06:16:46 PM
 #54

If you played with amount of money that you are okey to lose then it's good learning experience. There are many different strategies to trade. Try them with small amount of money and find what fits you best. Best learning is by making mistakes.
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April 16, 2021, 06:42:06 PM
 #55

The main is to learn Technical. You have to really understand how to analyze the market with Tradingview. There are many indicators that you can use as a reference for you to trade. Besides that, another important point is learning to analyze based on the fundamentals. learn by reading the news or you do your own research about the altcoins you will trade. conceptually. performance as well as platform. I suggest getting a mentor so that you can understand better

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April 16, 2021, 08:11:43 PM
 #56

The main is to learn Technical. You have to really understand how to analyze the market with Tradingview. There are many indicators that you can use as a reference for you to trade. Besides that, another important point is learning to analyze based on the fundamentals. learn by reading the news or you do your own research about the altcoins you will trade. conceptually. performance as well as platform. I suggest getting a mentor so that you can understand better
Both could really be good speaking on dealing with trading because knowing fundamentals aside from technical is a must because news and events could
really affect the movement in the market thats why knowing up also this thing is relevant.I agree with that technical aspects where these things had been commonly used
this isnt something that you can learn for a couple of days but rather taking up long time before you do able to grasp on everything.
Failures and mistakes are part of the learning process but what matter most here is that you do able to make profit in spite of those situation.

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April 16, 2021, 09:10:13 PM
 #57

From the subject itself, I have been trading these days, and success can be only be counted on hand and it's just damn luck for myself when I succeed a few times.


I want to explain my strategy but it's just giving me anxiety all I know is wrong for it failed a few times.


please be nice to what I am going to ask


Do you have any Facebook page or in any kind of social media that has someone who gives you a warning when you trade or not? I have been in many Facebook groups but its not what I am looking for.


Thanks for the nice response.
One word of caution 'Pls be careful'. In situations like this you can become an easy target for scammers.

Just remember that you can't become a trader without the bad days, losses etc. It is all a matter of learning, you can't be guessing around - not when you want to trade comfortably with a bit more money.
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April 16, 2021, 09:55:53 PM
 #58

Losing or getting profits when trading will be always there following if we are still trading. We may be able to minimize the risks of losing our money and also adding the chance to get profits. however, it will also depend on how our strategy, patience, and also of course our analysis.
And related to certain facebook to get certain alerts or information, I am personally not using it nor seeing on any Facebook page. It is because we don't know whether they guarantee it or not. Additionally, there are so many Facebook pages with that kind of service and if we are following most of them we may be consumed because they may have different opinions and also analyses. I personally will gain the information from several sources of social media or forums or sites and then gather the information to be one of the considerations to do or not do something.

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April 16, 2021, 10:57:59 PM
 #59

I personally will gain the information from several sources of social media or forums or sites and then gather the information to be one of the considerations to do or not do something.

Yep, which I believe also would be the best resources we have in trading and some books to read. But, it doesn't mean that we are safe already, probably not. The most reason why we lose in trading is just because of our careless decisions. Even we have a lot of resources but still can't avoid losses and that I think is normal.
Trading is not all about gaining, losses are also a part of it. This is what it means risk, so if we can accept such possibilities, then we can say to ourselves that we become a trader.



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April 17, 2021, 02:45:04 AM
 #60

Don't worry too much about your failures, even the best traders in this market have failed.
You can change your tactics, instead of trying to trade on a daily basis go to the short or long term.


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