cryptoaddictchie
Legendary
Offline
Activity: 2170
Merit: 1323
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 16, 2021, 05:35:39 AM |
|
I tried trading Bitcoin a couple of years ago but quit after I lost $300. What advice do you have for me if I decide to start trading again? Thank you!
Dont be so hasty when it comes to trading there are times that the market is bad and if thats happened dont ever sell your asset due to panic selling. This is typically happened on some of the people cause they are literally seling even though they are at a loss which makes them lose more right? Try to learn first a lot of things on trading before you do one again. Cryptocurrency is highly volatile market so better to gain knowledge first to avoid losing your money.
|
| | Peach BTC bitcoin | │ | Buy and Sell Bitcoin P2P | │ | . .
▄▄███████▄▄ ▄██████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀
▀▀▀▀███████▀▀▀▀ | | EUROPE | AFRICA LATIN AMERICA | | | ▄▀▀▀ █ █ █ █ █ █ █ █ █ █ █ ▀▄▄▄ |
███████▄█ ███████▀ ██▄▄▄▄▄░▄▄▄▄▄ █████████████▀ ▐███████████▌ ▐███████████▌ █████████████▄ ██████████████ ███▀███▀▀███▀ | . Download on the App Store | ▀▀▀▄ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▀ | ▄▀▀▀ █ █ █ █ █ █ █ █ █ █ █ ▀▄▄▄ |
▄██▄ ██████▄ █████████▄ ████████████▄ ███████████████ ████████████▀ █████████▀ ██████▀ ▀██▀ | . GET IT ON Google Play | ▀▀▀▄ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▀ |
|
|
|
rhomelmabini
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 16, 2021, 06:23:41 AM |
|
I tried trading Bitcoin a couple of years ago but quit after I lost $300. What advice do you have for me if I decide to start trading again? Thank you!
I guess you rush on leverage trading without even knowing the basics of it, if you want to start again then better learn the basics like planning your trades and always use the stop-loss order or better start doing on spot trading. If you start on spot trading then you just hodl those coins/tokens you used then you'll never lost those, it may decreased in value but it will always be on your wallet and you may sell it later on for higher price.
|
|
|
|
worle1bm
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 16, 2021, 08:55:48 AM |
|
I tried trading Bitcoin a couple of years ago but quit after I lost $300. What advice do you have for me if I decide to start trading again? Thank you!
1) Do research of the market or coin you want to to invest,listen advices from everyone but do your own. 2) Make strong decision mentally not emotionally 3)Gain knowledge, experience and learn from your past mistakes 4)Don't get into virtual traps of shitty coins 5)Don't fear to loose and invest what you afford to lose at any cost 6) Sell at peak and buy at dips don't go reverse if you are trading in top coins.
|
|
|
|
Mpamaegbu
Legendary
Offline
Activity: 2786
Merit: 1226
Once a man, twice a child!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 16, 2021, 09:09:16 AM |
|
I tried trading Bitcoin a couple of years ago but quit after I lost $300. What advice do you have for me if I decide to start trading again? Thank you!
First, did you find out why you lost? Yes? No? If you found out why you lost then you're a step ahead to achieving success but if you didn't, it simply means you've to devout more time to learning. Trading is a profession and must be handled like every other profession that demands time and practice like medicine, law, engineering, teaching, journalism etc. Ironically, people hop into trading without getting themselves armed with the least knowledge of it. Going into trading without the required skills set is akin to gambling, simple and short.
|
|
|
|
tokoorochan
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 73
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 16, 2021, 01:00:26 PM |
|
I tried trading Bitcoin a couple of years ago but quit after I lost $300. What advice do you have for me if I decide to start trading again? Thank you!
you got good experience when starting trading without any preparation. $300 was good amount money and we could buy something with this if you didnt lose it. you shoud not give up when facing first lose, you are not alone with this condition . now if you want to come back , must prepared well with any anslisys skills.
|
|
|
|
Issa56
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 16, 2021, 02:01:16 PM |
|
Seriously before you start trading you need a technical understanding on how cryptocurrency works you don't just wake up and start trading definitely you going to lose your money. You have to have basic knowledge about cryptocurrency which you can get by watching tutorials on how to trade on YouTube or meet someone that's into trading to put you true. And before you start trading you have to know about risk management to know the kind of risk you should carry. As a trader this are the basic things I believe you should know 1. Always apply stop lost after buying a coin incase if there is unforseen dump it is going to reduce your lost. 2. As a trader always trade what you can afford to lose. 3. Don't always invest all your fund in Cryptocurrency because anything can happen so you can invest like 30% of your asset. 4. As a trader or investor don't always borrow money to trade or to invest in any coin.
|
| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
|
|
|
Kez1817
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 909
Merit: 17
www.cd3d.app
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 16, 2021, 05:06:45 PM |
|
I tried trading Bitcoin a couple of years ago but quit after I lost $300. What advice do you have for me if I decide to start trading again? Thank you!
Simple! Learn from your past experienced and mistake in trading. It's not easy to trade and to be a successful trader you should learn a lot about trading. Because if not, it's like your going to a war without ammunition.
|
|
|
|
Tigerheart3026
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 919
Merit: 112
PredX - AI-Powered Prediction Market
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 16, 2021, 05:48:21 PM |
|
also i took advice from experienced traders before i started trading, i realized that it's better to trade with little amount in the beginning, there is no possibility of big risk which is unaffordable for you and you can't start trade in the second time.
|
|
|
|
conected
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 16, 2021, 06:16:26 PM |
|
also i took advice from experienced traders before i started trading, i realized that it's better to trade with little amount in the beginning, there is no possibility of big risk which is unaffordable for you and you can't start trade in the second time.
- Helpful advice, newbies are rarely satisfied with a small profit or a small initial success, they often crave higher levels of profit in the first time and their psychology has not been trained so carefully, a perfect combination for them to expand their wallet and suddenly some huge pressure comes when they lack focus and don't handle it well. The first moment has been judged as the crucial step for further improvements, advise well our emotions before going to the market, that is my advice to newbies, the habit of short-term success is not a good habit
|
|
|
|
Lakai01
Legendary
Offline
Activity: 2394
Merit: 2857
Top Crypto Casino
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 16, 2021, 06:22:40 PM |
|
Simple! Learn from your past experienced and mistake in trading.
Well, by the time you're ready to learn from your own mistakes, you've probably already lost most of your capital. If I were to start trading all over again, I would give my own self the following tip: Never put money in the first 3 months but use paper trades. Only when you are sure that you understand the market even in the rudimentary way and do not let yourself be carried away to quick-fire reactions, then you can start to bet real money. But again, only very little at first, maximum 0.01% of your capital per trade. This way you learn a lot, but lose practically no money due to beginner's mistakes.
|
|
|
|
nhaila
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 16, 2021, 07:29:12 PM |
|
Before join a trade , fresher should trade in demo account with lower budgets. He should gather more information and knowledge about cryptocurrencies market, price , volumes. He always follow others trading and careful about cryptocurrencies signal.
|
|
|
|
milewilda
Legendary
Offline
Activity: 3206
Merit: 1146
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 16, 2021, 07:49:39 PM |
|
I tried trading Bitcoin a couple of years ago but quit after I lost $300. What advice do you have for me if I decide to start trading again? Thank you!
1. Start with small amounts 2. Dont get greedy 3. Dont anticipate about easy profits or easy income 4. Trading is never been easy 5. It does take lots of trial and error before you can make a good grasp of it. 6. Dont be emotional 7. Learn slowly and gradually 8. Dont be in a hurry because this is where mistakes do came from 9. Dont easy get fomoed and fud. AS you do gain experience you would eventually realize on what are the things you do need.
|
|
|
|
DarkDays
Legendary
Offline
Activity: 2030
Merit: 1189
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 16, 2021, 08:39:25 PM |
|
I tried trading Bitcoin a couple of years ago but quit after I lost $300. What advice do you have for me if I decide to start trading again? Thank you!
1. Start with small amounts 2. Dont get greedy 3. Dont anticipate about easy profits or easy income 4. Trading is never been easy 5. It does take lots of trial and error before you can make a good grasp of it. 6. Dont be emotional 7. Learn slowly and gradually 8. Dont be in a hurry because this is where mistakes do came from 9. Dont easy get fomoed and fud. AS you do gain experience you would eventually realize on what are the things you do need. Yup, all of the above steps are completely relevant. My addition is to not get rekt, and if you do then don't give up - learn from mistakes and improve next time. And lastly, keep on practicing ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
|
|
|
|
Shenzou
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 16, 2021, 08:41:32 PM |
|
I tried trading Bitcoin a couple of years ago but quit after I lost $300. What advice do you have for me if I decide to start trading again? Thank you!
I have struggled a lot and lost a lot before i was able to make any progress or profit in trading, so my advice for you is to just learn as much as you can, trading is quite unpredictable and no matter how prepared and no matter how many times you go in with 100% certainty you get proven wrong, so just start learning and discovering new strategies and methods and start testing them multiple times on demo accounts until you are comftorbale with the market and than start small and never get greedy always set a daily goal and stop at it.
|
|
|
|
samcrypto
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 2044
Merit: 314
Vave.com - Crypto Casino
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 16, 2021, 10:16:03 PM |
|
I tried trading Bitcoin a couple of years ago but quit after I lost $300. What advice do you have for me if I decide to start trading again? Thank you!
Trading is a hard job because you have to monitor everything so you wont lose any chances, you have to start all over again, start learning how to trade and don’t rush yourself for making money. Give yourself time like a month of learning before you try again, trading takes time and you have to be prepared this time so you wont lose that much again.
|
|
|
|
lalabotax
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1582
Merit: 132
BK8 - Most Trusted Gambling Platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 16, 2021, 10:20:35 PM |
|
I am also not a good trader, but, you may think about these: - Never follow the hype and also FOMO if you are a beginner - Never influenced easily by the FUD - Never try new altcoins to trade, better to choose top coins - Ensure that you choose reputable exchanges both global or local in your country - Never panic, make your best and smart strategy, and management of risks, funds, and emotion
|
|
|
|
Hypnosis00
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 16, 2021, 11:23:10 PM |
|
All you need is to trust yourself and willing to learn as it was the biggest investment before we succeed. Openness is also a factor to reach our goal, we never stop asking to the person we know it could help us and never ashame to share our bad experience maybe could someone helps us to correct our mistakes.
And there is one thing you should remember, learn how to control your emotions. Don't let this controls you otherwise, you will only just fail and lose everything you have started.
|
|
|
|
GreatArkansas
Legendary
Offline
Activity: 2408
Merit: 1363
Play Poker on Telegram
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 17, 2021, 01:04:22 AM |
|
A very simple piece of advice. If ever you are planning to quit or still continue. When you decide to quit -> You will not make all your losses back. If you continue -> learn from your mistakes, you will gonna do again what mistakes you did right? Capital preservation is a must too.
|
|
|
|
BigBos
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 17, 2021, 02:36:40 AM |
|
I tried trading Bitcoin a couple of years ago but quit after I lost $300. What advice do you have for me if I decide to start trading again? Thank you!
keep studying. However, there are lots of people out there who have lost more than your assets, but they are still learning to learn the charts. the advice I give is, try to do research and research on an old coin, and choose one of them. don't use the money you used, but use the money you don't mind if it's gone. other than that, the most important thing is to be patient.
|
|
|
|
andriarto
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 17, 2021, 05:54:16 AM |
|
Don't give up, and always try to learn from mistakes. in trading we learn psychology, money management and techniques. besides that experience is very important because it helps traders to adjust to certain situations. and one more thing, don't think with trading we will get rich quick, because everything requires a continuous process
|
| . SECONDLIVE | | | │ | | | | | | │ | | | ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ S T A K E L I T T L E W I N B I G ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▄▄███████▄▄▄ ▄▄████████████████▄▄ ██████████████████████▄ ████████▀▀▀██████████████ ███████▌ ▀█████████████ ████████▀ ▀▀▄▄██▀▀▀██████████ ███████ ▀████████ ███████▄ ████████ ████████▄▄ ▄████████ ███████████▄▄▄▄██████████ ▀█████████████████████▀ ▀████████████████▀▀ ██████████████████████ |
|
|
|
|