Need help with trading

[Tessnik]

hello community members, am new in trading and run into problems recently with trading where i almost lost all my funds. i started trading with a single token i have made x2 profits within a week when i decided to trade another coin which from my analysis the coin have great potential because of it price at that time and that was the beginning of my lost.
what went wrong and what strategy will you advice i adopt that will help me in my future trading that will give good profits and minimize lost.
your views are appreciated.

[lablab03]

Learn to use some indicators bro because it can help you to avoid losses. I mean not just one indicator because there's a lot of indicators to use when trading and they're very useful to be honest . By the way if yo want to learn i highly recommended "DATA TRADER" which is a youtuber because for me he's very professional and his videos are very informative and so easy to understand as well.

Ps. Don't forget to learn how to use stop loss because its the most important to prevent massive losses.  

[bittraffic]

hello community members, am new in trading and run into problems recently with trading where i almost lost all my funds. i started trading with a single token i have made x2 profits within a week when i decided to trade another coin which from my analysis the coin have great potential because of it price at that time and that was the beginning of my lost.
what went wrong and what strategy will you advice i adopt that will help me in my future trading that will give good profits and minimize lost.
your views are appreciated.

If you have profited to that single token you mentioned where you profited x2 then why trade another coin, you just have to sick there and make it x10 or more. 
If you have the strategy which keeps you wining a trade, there is no reason for you to move to some other coin, you will just be exposed to riskier tokens. And that is probably what went wrong.

[tvplus006]

...your views are appreciated.

I would like to hear from you specifics about which coin you traded and which coin you chose for your new investment. Otherwise, we can only guess at the reasons for your failure in trading. The most common reason for receiving a loss is the fact that you bought a coin at a high price and after the correction, its price decreased several times.

[Hippocrypto]

hello community members, am new in trading and run into problems recently with trading where i almost lost all my funds. i started trading with a single token i have made x2 profits within a week when i decided to trade another coin which from my analysis the coin have great potential because of it price at that time and that was the beginning of my lost.
what went wrong and what strategy will you advice i adopt that will help me in my future trading that will give good profits and minimize lost.
your views are appreciated.

Most probably you've been in the wrong analytics which made you fail in the first place. Please share us here you projections so we could teach you what point you did a mistakes. If we're just talking here about your frustrations, there's nothing we can fix around but only your missery. Hopefully you'll add another details about your trading history or whatsoever can support your topic.

[Maus0728]

what went wrong and what strategy will you advice i adopt that will help me in my future trading that will give good profits and minimize lost.

It's possible that what works for me won't work for you. It's is up to you to try various techniques based on your risk appetite and work schedule. You should also think about how important it is to have proper bankroll management to avoid blowing up your account in a single trade.

Determine your leverage, the percentage of your total bankroll you're willing to risk per trade, and your stop loss, among other things. Risking a large portion of your entire bankroll while still in the early stages of your trading career is a definite way to lose money. A 1-3 dollar deal would be a good way to test your trading accuracy while also establishing confidence in the market.

Furthermore, whether your past trades were profitable or not, re-evaluate them. This will allow you to determine which part is inaccurate, and tell if you have followed your trading plan religiously.

You can also watch COTTONCANDY TA's trading courses to give you an idea how trading works under the hood. I've been following him for over a year now and I still practice what I have learned on his videos for free.
[1] https://www.youtube.com/c/c0tt0nc4ndyTA/featured

[palle11]

when i decided to trade another coin which from my analysis the coin have great potential because of it price at that time and that was the beginning of my lost.
what went wrong and what strategy will you advice i adopt that will help me in my future trading that will give good profits and minimize lost.
your views are appreciated.

Apart from adopting the use of stoploss that many traders avoid to use because they don't want to lose a penny (but losing is part of the business), I try to keep to what works for me. If you try using stoploss on the new coin you are coming of and you are not comfortable with that, then you forget it and move to a coin that works with your strategy for profit taking. Avoid taking unnecessary risk that don't work.

[The Cryptovator]

Losing funds is a part of trading. Doesn't necessarily have to be much panic. You can't win always in trading and you should accept it as a normal trading behavior. I admit at the beginning most newbies losing portfolios due to lack of knowledge and you have to spend more time to learn more. Pumping price sometimes doesn't mean this coin is a potential coin. You have to research more before choosing a coin for trading. First of all, you have to choose a few coins and add in your favorite. Perhaps you may select ten pairs this way. Then trade from there in real-time. You have to decide what is the suitable time for trading. Just keep watch coins from your favorite list with patience. And enter in trade when necessary and exit as well when you have profit.

[sheenshane]

Losing funds is a part of trading.

You nailed it and this was the truth, even though experts in trading will experience losing funds because there's no infinite passive income in trading, there's sometimes a failure.

i started trading with a single token i have made x2 profits within a week when i decided to trade another coin which from my analysis the coin have great potential because of it price at that time and that was the beginning of my lost.

It's a coincidence I think, token will also give profit especially if it is newly launched on a good exchange platform.  And when it's hyped and very trending in most communities, it will surely be pumped and have a chance to earn folded in how many times in profit but when later on, it will fade and becomes shitcoins/tokens.  In short, knowing them and have further research you might ride the trend, but remember this is very risky in holding for the long term, you might earn in just a short time trading when it's on the hype.

Improve your fundamental and technical analysis, these are the only way how to lessen your losses in trading.

[Tessnik]

thank you all for you suggestions and comments i really appreciated and still looking forward to more reply and advice's, to give more clarification about the token i started trading with hybrix coin and took good advantage of the volatility of the token early market and went on to trade on Basic attention token (Bat) before losing.

[tranthidung]

hello community members, am new in trading and run into problems recently with trading where i almost lost all my funds. i started trading with a single token i have made x2 profits within a week

How did you get x2 profits? From gamble and luck or is it from your careful investment or trading? If the answer is gambling and depending on luck, the ending is reasonable.

Even if you made your first successful trade from careful decisions, if you can not control your emotion, you will make wrong decisions after that.

when i decided to trade another coin which from my analysis the coin have great potential because of it price at that time and that was the beginning of my lost.

It's always like this. A great success is the beginning of a great failure. When you win big, you should stop and stay outside the market for a few weeks.

what went wrong and what strategy will you advice i adopt that will help me in my future trading that will give good profits and minimize lost.
your views are appreciated.

• Win big, should stop
• Win big in streak (a few continuous big wins), must stop
• Lose big, should stop
• Lose big in streak (a few continuous big loses), must stop

[Kimonoe]

For day trading, I prefer to trade on coins that have large caps. to trade on new coins is indeed very difficult to predict, because it seems that there is no need for people like whales to be able to move the market. therefore you can trade on bitcoin mainly, unless you are a person who likes speculation, as you are doing now

[JeromeTash]

Trading is a game of wins and losses. Every trader losses some trades at some points. The goal is to keep the win rate at least higher than 50% plus a good risk management strategy. Always gave your stop losses on, no matter how obvious the trend of the coin seems to be.

Lastly, don't give up. Keep learning new things such as indicators, strategies and trading techniques. Your persistence will finally pay off at one point.

[WePiggy]

Once you've made some profits you should keep at least half of your assets in Bitcoin & Ethereum, that way you never lose. The other 50% is for riskier assets which you might get lucky on. If you're new with trading then don't go lower than the top 50 assets or you will end up seeing red and going red  

[passwordnow]

I think if you've been profitable with your current trade, stay where you are and keep doing the method that you've been used to. And when you have seen that you're starting to incur losses with that strategy, it's time that you have to test your method into other pairs. But what you did is the opposite, despite you being profitable with that trade, you have already jumped into another pair and that made you into a loss. How about going back to that profitable trade that you've done before?

[BitMaxz]

Crypto is unpredictable even me made some mistake buying coins/token that I know it has some potential but in the end, I lost but I can minimize the lost by using the stop-limit.

What you need to do is learn how to use stop-limit to avoid losing much while holding them.

I would suggest you check this awesome link below to learn more about trading from basic to technical analysis including free and paid tools.

- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading

[CryptocurencyKing]

You've barely stated your case properly and your here asking what went wrong @OP. For all we know or I know, you lost on a trade and its normal for everybody. Especially for a beginner trader to lose more often and in some rear cases, make profits.
I don't mean to discourage you but, if your yet to blow your account or should I say, have all your funds wiped out by the market, you haven't even started trading! Your yet to experience the bitter aspect of it all. Its in that, that you get the most experience, you feel the desire to always have a solid ground about your position on the market and also how to guide against unexpected events.

For you to know hiya really went wrong in your trading, you have to explain more and maybe on your own, try retracing your steps through your analysis, events of the time and your approach to the market.

[Wexnident]

what went wrong and what strategy will you advice i adopt that will help me in my future trading that will give good profits and minimize lost.
your views are appreciated.

At least tell us what you did, you can't exactly expect us to know what's wrong without knowing what you actually did right? And ngl tbh, losing is PERFECTLY normal in trading. You said you analyzed it but still lost? Then that's where the wrong part is, your analysis was simply wrong. As for how it was wrong, well just compare what happened to what you expected to happen, then derive it from there. Understand the factors involved, and if it's still missing something, find it. That's pretty much the only thing you'd do as a trader, rinse and repeat.

[breathlessz]

what went wrong and what strategy will you advice i adopt that will help me in my future trading that will give good profits and minimize lost.
your views are appreciated.

At least tell us what you did, you can't exactly expect us to know what's wrong without knowing what you actually did right? And ngl tbh, losing is PERFECTLY normal in trading. You said you analyzed it but still lost? Then that's where the wrong part is, your analysis was simply wrong. As for how it was wrong, well just compare what happened to what you expected to happen, then derive it from there. Understand the factors involved, and if it's still missing something, find it. That's pretty much the only thing you'd do as a trader, rinse and repeat.

the difficult thing is that we must correct ourselves continuously until we finally reach the goal, namely trading for living. Of course, there will be many obstacles, and we must respond with enthusiasm. especially in this case using real money, so we have to respect that

[Peanutswar]

Base on your statement you already got profit but having mistake you losses all your profits. I guess it's better if you have a trading plan and learn the fundamentals of the trading which is suitable for yours.

There's no perfect trader sometimes we lose on our trade and always learn from those mistakes. If you identify the mistakes try to analyze them. The best idea is to learn different trading techniques and strategies such as trading patterns, candle sticks, and more. You don't need a coach most of the traders here learn by themselves.