I am doomed on trading

[Lanatsa]

Everyone has ups and downs, the main thing is not to get upset, and it's better not to risk trading with the last money next time, most often it doesn't end well. It's hard to be a trader, or rather a successful trader, you need nerves of steel and experience.

Dont rely with luck but rather mind on working hard and learn from the mistakes that you had committed or experience because these things would be your learning steps or stones for you to make yourself more better.

Being a trader is hard and the main mistake of most people is that they do rush up on making money or profits without even minding about sustainability or survivality on the market which should be your main
target or aim on achieving that.Yes, we do have ups and downs but you should not completely nor easily get stopped because of some mistakes.Nothing is perfect but as long you do able to get some
experience then you would able to handle it out later on.

[Viscore]

Although I can’t tell if what you’re saying is the truth or not, but I do understand how a situation like this can be. But you made a mistake by venturing into what you don’t know. When you knew that you don’t have any trading skills or experience on how it works, you should have attempted the risk of using all your savings to trade when you know fully well that you have no clue at all on how trading works. What you did was just a gamble.

There isn’t any way that you can get that kind of money back, once you lose money in trading, it is gone for good and there is no getting it back.

That is the consequence when you trade without prior knowledge and experience about trading, you will end up totally in loss. Sad to say, but you can't regain your money back the moment you take the risk from trading.

I understand that you only want the best for your child, but trading can't give it to you if you always trade without skills and expertise. Getting a stable job is the best thing that you can do, because it can give you fixed amount of income regularly. Trading can be your second source of income, only if you know how to deal with it properly.

[AnonBitCoiner]

The price movements doesn't bother me. I do both trading as well as staking. Large prices swings are good for trading and as for staking ,drop in price means more coins for less money. My outlooks is still few years out, hopefully by then the price will have moved to new highs. My only real concern is with all the new coins that are coming into the market at a alarming rare.

[Woodie]

Sorry to hear about your loss in your trading journey this is a process all traders go through! Btw I suggest you give yourself time to try out demo accounts to give you the whole idea of how trading works, which should have allowed you to practice and perfect your skills...but my advice don't give up as practice makes perfect, and btw trade using funds you can afford to lose as you won't always win your trades.

[nhaila]

Profits and losses two very common phenomena in cryptocurrencies trading... But sometimes it would be happened with huge sorrows and in miserable conditions. More than 6month  ago I doomed 16000 dollars buying and holding beyond protocol (BP) token .

[CryptocurencyKing]

When taking trading for a source of income, you ought to be very professional about it. Sincerely, I almost go socked up in youremotional story but the details are rather cranky so, I'm going to pass.

Though, I feel you should know this. Trading is no easy task as you might have experienced should your story be true. When you don't know or inst familiar with a thing, the least that is expected before you go in fully is to study all about it and even get to ask professionals how they go about getting it right. Luckily, we've got demo right about any form of trading and on many platforms for practice. You should do more of that before going live.

I don't know but, you've got to find your fit and know that, your lose isn't the end of life. There are more sunny days ahead of you. Start anew.

[Kimonoe]

if we are confident in the world of trading, then we should be able to respond more to what must be done to become a pro trader. psychological, analysis, money management all must be taken into account. There are many events that we can take lessons from, sometimes we feel sorry because we didn't buy before and now pump, or other feelings. what is clear is that it should not interfere with our focus on the future, therefore it is necessary to believe in yourself

[NewRanger]

if we are confident in the world of trading, then we should be able to respond more to what must be done to become a pro trader. psychological, analysis, money management all must be taken into account. There are many events that we can take lessons from, sometimes we feel sorry because we didn't buy before and now pump, or other feelings. what is clear is that it should not interfere with our focus on the future, therefore it is necessary to believe in yourself

loss moment better than loss our money in market, dont ever trapped in fomo or hype so our position will be on lowest risk. this is mind game  , entering market really need patience, alot good opportunity wil missed but dont be regret another opportunity will coming.

[CapGelatik]

if we are confident in the world of trading, then we should be able to respond more to what must be done to become a pro trader. psychological, analysis, money management all must be taken into account. There are many events that we can take lessons from, sometimes we feel sorry because we didn't buy before and now pump, or other feelings. what is clear is that it should not interfere with our focus on the future, therefore it is necessary to believe in yourself

loss moment better than loss our money in market, dont ever trapped in fomo or hype so our position will be on lowest risk. this is mind game  , entering market really need patience, alot good opportunity wil missed but dont be regret another opportunity will coming.

For this I agree with you because when we lose the moment we can wait for it another time,
the moment will always come so it is important to be patient to wait for it,
Having knowledge, skills and also self-control is important before entering the market

[perfect999]

if we are confident in the world of trading, then we should be able to respond more to what must be done to become a pro trader. psychological, analysis, money management all must be taken into account. There are many events that we can take lessons from, sometimes we feel sorry because we didn't buy before and now pump, or other feelings. what is clear is that it should not interfere with our focus on the future, therefore it is necessary to believe in yourself

Knowing how to manage capital is really important. Some people are fond of letting their greed blind them from making the right decisions in the market, maybe because of what they have heard from the news, about traders who have made lots of money from the market, and they forget that it never works that way for everyone.

It’s a process and is not something that you will have to rush, you just have to take it slowly and keep learning and also manage your capital in the right way, knowing fully well that the market is a volatile one. With time you’re going to start earning bigger in the market.

[Alisha-k]

if we are confident in the world of trading, then we should be able to respond more to what must be done to become a pro trader. psychological, analysis, money management all must be taken into account. There are many events that we can take lessons from, sometimes we feel sorry because we didn't buy before and now pump, or other feelings. what is clear is that it should not interfere with our focus on the future, therefore it is necessary to believe in yourself

loss moment better than loss our money in market, dont ever trapped in fomo or hype so our position will be on lowest risk. this is mind game  , entering market really need patience, alot good opportunity wil missed but dont be regret another opportunity will coming.

I have come to understand that patience drives the market. And patience is one thing that every trader learns either the easy way or the hard way. The are always opportunities in the market other than rushing on a trade that isn't clear enough patience can help avoid the disaster that will come with it. Having patience will bring a clearer picture of a good investment to pick from other than falling for hypes

[sana54210]

Knowing how to manage capital is really important. Some people are fond of letting their greed blind them from making the right decisions in the market, maybe because of what they have heard from the news, about traders who have made lots of money from the market, and they forget that it never works that way for everyone.

It’s a process and is not something that you will have to rush, you just have to take it slowly and keep learning and also manage your capital in the right way, knowing fully well that the market is a volatile one. With time you’re going to start earning bigger in the market.

Emotions controlling people and how they make a profit is a big deal, you do not have to let your emotions control your trading but unfortunately too many people let that happen. Which is why I believe that we have so many people doing so badly these days. In the end, we should be focusing on what we can do, sometimes we can do great, sometimes we do horribly, only because we let our emotions take the charge.

What we should do instead is remove all the emotion from trading, but if we are feeling like we may let emotions back in at any time, just stop, stop trading all together and get rid of those emotions first and come back to trading after that.

[Emitdama]

Apart from trading do you have any other job that you’re doing, or you’re just a full-time trader? And did you lose all the money you had in the Binance app? I don’t really see the possibility of losing everything or maybe you’re not explaining something?

If you really that you lost all the $400 then there is really no suggestion that anyone would give that will be enough to solve this kind of problem. And it is also not advisable to be a full-time trader since it is a very risky thing to do. You need to have a stable business or job that you’re into and not just relying on trading when you don’t know anything about it.

[Mahanton]

Knowing how to manage capital is really important. Some people are fond of letting their greed blind them from making the right decisions in the market, maybe because of what they have heard from the news, about traders who have made lots of money from the market, and they forget that it never works that way for everyone.

It’s a process and is not something that you will have to rush, you just have to take it slowly and keep learning and also manage your capital in the right way, knowing fully well that the market is a volatile one. With time you’re going to start earning bigger in the market.

Emotions controlling people and how they make a profit is a big deal, you do not have to let your emotions control your trading but unfortunately too many people let that happen. Which is why I believe that we have so many people doing so badly these days. In the end, we should be focusing on what we can do, sometimes we can do great, sometimes we do horribly, only because we let our emotions take the charge.

What we should do instead is remove all the emotion from trading, but if we are feeling like we may let emotions back in at any time, just stop, stop trading all together and get rid of those emotions first and come back to trading after that.

Emotional aspect is the biggest or the main enemy of yours when you do deal with trading or simply been fighting against off volatility. Mistakes or errors are really just normal which cant really be avoided but the
important thing is that you do able to handle out yourself into these kind of times and end up to be profitable in the end of the day.Yes, it might not be easy but its not impossible
Doomed is the word of someone who do find out on continuous losses on doing trades but doesn't mean or a shallow reason for you to stop completely.

[jossiel]

What we should do instead is remove all the emotion from trading, but if we are feeling like we may let emotions back in at any time, just stop, stop trading all together and get rid of those emotions first and come back to trading after that.

Better to stop wholly when you don't feel it anymore.

The bad thing is that our emotions when we catch all the hype and we think that it's not going to be up anymore. So then our emotion is going to feed us of what we must do in a hurry.

And if we're in a hurry, that's the time that we don't know what we're doing anymore and it's very important to remember that we will definitely make mistakes when we're in that form.

[LUCKMCFLY]

Sorry to hear about your loss in your trading journey this is a process all traders go through! Btw I suggest you give yourself time to try out demo accounts to give you the whole idea of how trading works, which should have allowed you to practice and perfect your skills...but my advice don't give up as practice makes perfect, and btw trade using funds you can afford to lose as you won't always win your trades.

I think the same and I think that it is not the time to feel ashamed to lose in trading, that is what happens and they are what we call "gages of the trade", when I was learning what cost me the most was to take a little patience, but with the reading of books I learned that always for everything the best thing is to continue learning, at this time I do not understand what can happen in the BTC market, that is why it is good to even read some articles to know what other people think, or at least those who write the articles, however this can open my mind a bit to try to understand things that I had not even imagined before.