Continuously Loosing money in Trading!!!!

[devlin85]

Hello everyone,

          I am doing Trading since last 3 to 4 years And in this journey i have seen many updowns(profit and losses), But recently from few weeks i am loosing  my money continuously with the same strategy  i have been using since last 2 years. I don't know what happened to me. So please anyone can guide me through this situation, it will be very helpful for me.

Thank you.

[mindrust]

If there was one set and forget trading strategy, everybody would be rich by now. Since trading is a zero-sum game, no matter what strategy you use, somebody has to be poor so somebody else can be rich. That means, you should update your strategy over time. The markets will get smarter and your strategy will get dumber as the time passes. That's  why you are losing money now.

[adaseb]

It was easy making money in the last 3 years or so because we came out of the bear market from $3K. However the past couple of months, its been difficult and its not because we are in a bear market but because we are trading sideways. The real money in the last few months was in the DeFI and NFT. Thats where the Tik Tok millionaires were created, not by trading bitcoin or ethereum.

The reason why you are losing is because there is chop and its hard to tell which direction bitcoin will go. It was easy before because all you had to do was long and you would of most likely had a winning trade. However right now its hard to tell what will happen. I am hoping that $42K will hold as support but I am also worried about $50K being strong resistance. So until we clear those values, we can't be sure which way the trend is at the moment.

[so98nn]

Hello everyone,

          I am doing Trading since last 3 to 4 years And in this journey i have seen many updowns(profit and losses), But recently from few weeks i am loosing  my money continuously with the same strategy  i have been using since last 2 years. I don't know what happened to me. So please anyone can guide me through this situation, it will be very helpful for me.

Thank you.

May be you did not update yourself with the current methodology of trading and new theorems which are always upgraded as more data is captured and behavioural stuff is studied by the experts. Trading is simple how much knowledgable you are about the project, about the methods and new ways to trade the same. One thing for sure, if you know all the technical analysis theorem's then there is good amount of chance that you won't loose in the process. I am no hard trader, and never tried it myself. I always rely on few of my friends who has studied the trading methods in professional tuitions and I have seen sudden in change in them. They have started to talking the stuff which is not in English for me. Lolz! The words, the methods, theorem names, there is huge ocean of things that makes up good trade.

I am not sure what were you when you started and how much you have updated yourself with the new market trend.

[gabbie2010]

Hello everyone,

          I am doing Trading since last 3 to 4 years And in this journey i have seen many updowns(profit and losses), But recently from few weeks i am loosing  my money continuously with the same strategy  i have been using since last 2 years. I don't know what happened to me. So please anyone can guide me through this situation, it will be very helpful for me.

Thank you.

Probably the market dynamism has changed which prompted your working strategy to fail, of course there is no perfect working strategy or Holy Grail, the best bet is to retweak your strategy if is an indicator based strategy or mainly candlestick patterns after the readjustment try and demo trade or use a stimulator to test it to avoid losing real money, after several consistent profit making while demoing thereafter you can go back to live trading, starting with a small fund while growing your confidence and making profits.

[TinaK]

Hello everyone,

          I am doing Trading since last 3 to 4 years And in this journey i have seen many updowns(profit and losses), But recently from few weeks i am loosing  my money continuously with the same strategy  i have been using since last 2 years. I don't know what happened to me. So please anyone can guide me through this situation, it will be very helpful for me.

Thank you.

If this strategy won't work, leave it, because it will never give you a profit. One to two mistakes is enough and there is no continuous losing money.
There's a lot of changes if we compared back then (2-3 years passed) before there's too many people who manipulate the market but now as I can see, it is not easy to manipulate because it needs huge cash before you can successfully be doing it.

For now, the market price flow depends on the market news, not on the technical analysis, not like before. Bay doping this, you should have a stop-loss strategy to avoid continuous losing and focus in your trading plan, nothing else.

[Mkmanik]

Hello everyone,

          I am doing Trading since last 3 to 4 years And in this journey i have seen many updowns(profit and losses), But recently from few weeks i am loosing  my money continuously with the same strategy  i have been using since last 2 years. I don't know what happened to me. So please anyone can guide me through this situation, it will be very helpful for me.

Thank you.

I am providing you all of the trading strategy details that I found from a telegram group. I am following this man, and he is doing very well for the crypto community. hope you will like it.

Index of Trading Tutorials (2021)

BITCOIN TRADING MANUAL: https://bit.ly/39iKQ2U

Before you start:

A thread for beginners https://bit.ly/3czFrFO

How to build a trading system https://bit.ly/39fZQib

Principles of Survival https://bit.ly/3Am3Zgg

Trading Routine https://bit.ly/3EuxOOf

How I made money with Crypto https://bit.ly/39kuwP8

Introduction to TA:

TA Basics https://bit.ly/30I0iSB

Bitcoin Trading Master Class  Part 1 https://bit.ly/2OFcJvi -

Bitcoin Trading Master Class Part 2 - Candlesticks https://bit.ly/30TKefT 

Price Market Psychology https://bit.ly/2QAcQWp 


Threads and Charts:

Altcoin Entries (How to Find them)  https://bit.ly/3tO07SU

Altcoin Breakout https://bit.ly/2DacbrN

Avoid Breakout Trading https://bit.ly/3krQbLX 

Bearish Divergence https://bit.ly/33WCmgH

Bearish Divergence Cheat Sheet https://bit.ly/39jrE5i 

Bullish Divergence https://bit.ly/3fGhpsl

Bullish Divergence Cheat Sheet https://bit.ly/3nKvcpn 

Being Profitable https://bit.ly/3eOb5Ch

Demand Supply Trade setup https://bit.ly/2XG7Bs

EMA strategy https://bit.ly/3eQqmCv

EMA, Supply, Swings, Position Addition https://bit.ly/30KCNIW 

Head and shoulders https://bit.ly/30IvAsN

Heat Maps https://bit.ly/2Za8A7H 

How to Avoid Fake Break-outs and

Traps https://bit.ly/3klkio3

How Pump and Dump Works https://bit.ly/3ks5fa9 

How to Trade a Range https://bit.ly/3kjGPBv

Multiple Confirmation Short https://bit.ly/39xaUaV 

Open Interest https://bit.ly/3cLUyMN

Position addition on swings https://bit.ly/33FXV4V 

Price Action Range Break Out https://bit.ly/3khL8xo

Principles of Price Action https://bit.ly/3u4o4pj

Price Volume Confirmation https://bit.ly/3EvqqSM

Quick look at Indicator confirmations https://bit.ly/2PB9VfE

Retracement VS Reversal https://bit.ly/3tQKdqQ 

Risk Management 1 https://bit.ly/2WjqQqk

Risk Management 2 https://bit.ly/2Knjj7k

Scalping Tips https://bit.ly/2Xvvmqg

Support and Resistance https://bit.ly/3ipzvAx

Trading Methods https://bit.ly/3f23CQr

Trend Reversal Short Set up https://bit.ly/3hKuW68 

Volume Part 1 https://bit.ly/31ANltb

Volume Cheat Sheet https://bit.ly/3kiIk2W

Volume Exit https://bit.ly/3And2O9


PDFs:

Bitcoin Price Report (Sept 2021) https://bit.ly/2XuDGGJ

Capital Preservation https://bit.ly/3hLmunc

Stop Loss https://bit.ly/3kl6OIO

Price Action: Price Psychology and Market Formation https://bit.ly/3kluY6f

MISC

TRADINGVIEW INDICATOR: https://bit.ly/3EveP61

How to use the Altcoin Trading Indicator: https://bit.ly/3klb0bw

Pre-requisites to trading- https://bit.ly/3a9tCEX

Recommended Books: https://bit.ly/3kuou2W

My Best 10 trading Lessons- https://bit.ly/31AQcT4

Scalp Short Sample- https://bit.ly/33FeH46

Long Swing Sample- https://bit.ly/31DqgGo

Day Trading Strategy - https://bit.ly/3mlUbg

Fibs- https://twitter.com/CryptoMellany/status/1382645388939821058

[Tytanowy Janusz]

Hello everyone,

          I am doing Trading since last 3 to 4 years And in this journey i have seen many updowns(profit and losses), But recently from few weeks i am loosing  my money continuously with the same strategy  i have been using since last 2 years. I don't know what happened to me. So please anyone can guide me through this situation, it will be very helpful for me.

Thank you.

Same here. I leave from trading for more than 4 years. Daytrading, scaping, even algo trading with arbitrage and MM strategies coded by me. But I lost a decent bag during 52-43k dump and i'm loosing now trying to trade altcoins which pump right after my sell. My worse month starting from 2020. What I do? i just step back. For 2 weeks for the beggining. Why? Because market has to be in crucial reversal point with lots of uncertainity and is simply untradable. When I was starting trading i met trader with 30 year experience. He told me - If you want to trade technical check if asset is moving in a technical way currently. Sometimes emotions on market are that big (or few big players are fighting) than all we can do is just sit and watch.
Just step back, chill your emotions, accept the loss that you have already generated (so that the emotions associated with wanting to recover loss do not incline you to open too risky positions) and come back after a week or two.

[Reid]

Perhaps the strategy is outdated. Try something new. That's all the reason I could think of.
You are an experienced trader and you might also be proud of what you have made out of the same strategy that's why you don't want to let go of it.
How about try some round with an experimental strategy and see if you will have a different output.

[tranthidung]

I am doing Trading since last 3 to 4 years And in this journey i have seen many updowns(profit and losses)

4 years are long enough because you will go through a complete cycle of a crypto market: bullish to bearish then bullish.

recently from few weeks i am loosing my money continuously with the same strategy  i have been using since last 2 years.

4 years and you still ended with losses so the conclusion is trading is not suitable for you. You must think of another way: Investing.

• Try to do your own research and choose good cryptocurrencies for your portfolio
• Do this with investment approach: hodl them to enjoy the bull run of market.
• Invesment only works and gives good result if you choose good (not shit) cryptocurrencies, and hodl them for months
• If you choose shit altcoins, you do not invest but you do gamble.

[Ararbermas]

Hello everyone,

          I am doing Trading since last 3 to 4 years And in this journey i have seen many updowns(profit and losses), But recently from few weeks i am loosing  my money continuously with the same strategy  i have been using since last 2 years. I don't know what happened to me. So please anyone can guide me through this situation, it will be very helpful for me.

Thank you.

build new strategies because not all the time your current strategy can save you from the volatility of the market especially nowadays that like what you said it's more on down trend than uptrend wherein unlike before.. So learn new strategies for your new journey, infact there are some new techniques and very informative strategy in the internet so must invest time for it to avoid doing mistakes again in the future.

[GreatArkansas]

(....)
  I am doing Trading since last 3 to 4 years

There's a lot that needs to verify here, you trading cryptocurrency for 3 to 4 years? It is consistent? How frequently you do trade in 3 to 4 years?

Because I know someone who really trading for how many years but they started in stocks or forex not a cryptocurrency and they start to trade cryptocurrency but they find it different like they are owning when trading stocks but when they started to trade cryptocurrency, they said there is a lot of difference.

[mk4]

I mean, why are you still using the same strategy knowing that you've actually been losing for a while now? Your strategy might need some tinkering.

Also, depending on what your strategy actually is, it might not work every single time. Markets move and change.

[Rruchi man]

I recently made a post on "how many consecutive losses can you handle in trading, before you accept that your strategy is no longer working?",
 https://bitcointalk.org/index.php?topic=5354911.msg57711872#msg57711872

Some said two, others three, some four etc. In your situation from OP, it seems you have been on a very long loosing streak, in your heart, you don't need a prophet to tell you  you need to take a break from trading and re-examine your strategy.

While re-examining your strategy, try to single out the reason/reasons why your strategy started failing, and then start making changes from there. Don't be in a hurry to start trading again, take your time to absorb and observe your new strategy without entering a trade, the market is going no where. If you hurry back, you hurry back to loosing.

[sovie]

Image Source

Above stats are for general trading but it holds true for crypto trading also. Although there is no exact figure available about how many traders end up in loss, roughly its estimated that 80% of traders end up losing there money. There are various reasons for that like lack of knowledge, greed of becoming rich overnight etc.
Its better to go for long term trading (Hodling) there are bright chances of doubling, tripling your money.

[CryptocurencyKing]

I mean, why are you still using the same strategy knowing that you've actually been losing for a while now? Your strategy might need some tinkering.

Also, depending on what your strategy actually is, it might not work every single time. Markets move and change.

Luckily for OP, trading is not all too demanding on capitals. Especially when you want to test some strategies out. Should your current strategy be putting you in a lose which have become a thing of concern, then now might be the right time to hold on it and understand that it's just not working anymore.
Log onto a demo account, seek out some new ways of understanding the market and picking out a trading position on those terms and keep trying it out. Keep switching and repeating until you are okay with one that actually works and then, you could switch back for a real account and trade on the new strategy.

[otundebis]

Hello everyone,

          I am doing Trading since last 3 to 4 years And in this journey i have seen many updowns(profit and losses), But recently from few weeks i am loosing  my money continuously with the same strategy  i have been using since last 2 years. I don't know what happened to me. So please anyone can guide me through this situation, it will be very helpful for me.

Thank you.

Change is the most constant battle,  it is very easy to sit on our past succeses and continue to do what we are use to and expect different results!  I will advice that you take a break and re-strategize.  Never use your past experiences to trade the present market,  there might be trend but it will not play out exactly like the last time. All the best!

[sulendra12]

          I am doing Trading since last 3 to 4 years And in this journey i have seen many updowns(profit and losses), But recently from few weeks i am loosing  my money continuously with the same strategy  i have been using since last 2 years.

Lately, it's so easy to the market to get manipulated because how one person could manipulate the entire market with just the single tweet and make everyone in the world put into chaos and start making assumptiion about everything. So, you may aswell to take an account of that into your strategy. So, that means you have to update your strategy since the factor of trading that you have to check is pretty much more complicated imo.

[palle11]

Hello everyone,

          I am doing Trading since last 3 to 4 years And in this journey i have seen many updowns(profit and losses), But recently from few weeks i am loosing  my money continuously with the same strategy  i have been using since last 2 years. I don't know what happened to me. So please anyone can guide me through this situation, it will be very helpful for me.

Thank you.

If you have been making money in the past and also losses, it means you may have done the right things at that point and if you have made more profit than losses then, it also means you had a working strategy. The point is every trader encounters losses too.

To this other side of your worry about consistent losses. I want to point out two things that may have been the cause.

1. Either you have left your winning strategy totally or partially. You can check your indicators and there parameters to be sure they are in the measures you think they are.

2. Either the market is changing and playing smart on your strategy. In trading, there are times your indicators are at the mercy of market, you can't understand what is happening then. The solution to this is to take a break and rest for weeks

If there was one set and forget trading strategy, everybody would be rich by now. Since trading is a zero-sum game, no matter what strategy you use, somebody has to be poor so somebody else can be rich. That means, you should update your strategy over time. The markets will get smarter and your strategy will get dumber as the time passes. That's  why you are losing money now.

This is also a nice one to look at. Your strategy may need some tweaking and better ideas to be able to come back as a winner while taking the losses to the trader(s) on the other side. The more the volume, the more there are changes to what you know initially. Trading is survival of the fittest

[freedomgo]

          I am doing Trading since last 3 to 4 years And in this journey i have seen many updowns(profit and losses), But recently from few weeks i am loosing  my money continuously with the same strategy  i have been using since last 2 years.

Lately, it's so easy to the market to get manipulated because how one person could manipulate the entire market with just the single tweet and make everyone in the world put into chaos and start making assumptiion about everything. So, you may aswell to take an account of that into your strategy. So, that means you have to update your strategy since the factor of trading that you have to check is pretty much more complicated imo.

The market is constantly changing so you need to improve your strategies too so you won't keep on losing. I have been also in trading for a long time and when i think i am not getting the same output anymore, so maybe there's something wrong with the strategy being used. Your own strategy should never be outdated because the market alone is always making improvement so you also have to revise and make it more useful.

Trading does not need to be profitable all the time since its definitely impossible. But its even more profitable compared to gambling which is just purely based on luck.