Continuously Loosing money in Trading!!!!

[fullhdpixel]

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.

I guess your strategy might got outdated according to the current market conditions. It means that your strategy requires some modifications so that it could withstand against current level of volatility of crypto space. I remember many traders had complained like this because those people never find time to continuously updating themselves and their strategy as well.

Now is the time to change it because the crypto market always follows a new strategy.

It is not crypto market but it is crypto traders. Just because of traders are switching over to something new and advanced, market must be behaving completely different from how it was doing some years back. So, the traders who are still sticking with the old strategy might be finding difficulties to make profits.

[electronicash]

3-4 years of trading experience should be enough for anyone to develop their own strategy. it could take just a year for someone to see patterns of how the market will react in any event because the market will always do what it does. it's always a cycle that when it goes up it always goes down just as if it's overbought, it will need to go down.

if i lose every time, i will definitely need a new indicator that will help me identify when i need to sell and buy. a combination of indicators will help.

[Zilon]

You alone can actually tell where your fault is coming from and to reduce the losses you should provide your self with the following answers:

• Your frequently traded coin pair
• The strategy you have adopted for the past three years
• when was the last time you updated your knowledge on Trading

If you can answer the questions to your self you would be able to know where you are getting it all wrong for example if you trading just one coin example bitcoin it could be you were taking advantage of the bull run to make profit all along.  For now my biggest advice is try and update your knowledge on what you know about trading already before returning to the market

[taufik123]

If you keep losing money trading with the same strategy for the last 2 years, it means you have to change the strategy you use. Something is wrong with your strategy. Risk management and capital management also need to be changed.
What really matters and is also very important is your Psychology. Trading will depend on your strategy and decision. so create a new strategy and train your psychology. You have to believe that you can benefit.

[jossiel]

Every strategy can work for long term and as well as not after benefiting from it for a long time. It only means that it doesn't work any more and you have to change your strategy when you trade.

Learn something new with strategies and that's all you need to do to cope up with your losses.

[TelolettOm]

So sad to hear that. But be patient.
Actually, you do trading longer than me.
You should know what happens and what's wrong with your strategy and technique. Sometimes, there needs renewal technique relates to the current market startegy. And because we also don't know what kind of technique you have used so far, I am sure that you must know the weakness of the technique iutself.
try to seek fro another technique and combine it with yours. And try to get the top coins only right now because the market is very volatile right now. The market can drop very easily and drastically right now, but the market cannot rise up highly.

[chanler]

I think it is necessary to upgrade the strategy in trading because we know the crypto market continues to grow. if it is experiencing continuous defeat then there is something wrong with it, and it cannot be tolerated. I am aware that it is not an easy thing to determine a new strategy in trading and it is necessary to experiment in it. what is certain is that if you are in a position like this, don't be easily provoked, accept defeat and try your best to fix it.

[Luqman]

I suspect you choose an improper strategy in trading for the current market situation. Or you choose bad coins that are just pump-dump coins in the market. Kindly evaluate these two factors, you may have a problem with these factors. If you find out the bad decisions on these, just change your strategies or your coins target. For the current market condition, I think day trading or scalping is better to choose. Just target to take profits every day or every two days with a smaller amount of profits.

[CryptopreneurBrainboss]

If there is one good advice for you then it would be probably stop trading or learn to trade. If you keep on losing your money on it then why don't you feel quit on it? There are still some other ways to earn money don't just focus on trading especially if you already know that you are not good at it.

And that's the perfect advise, the rumors has made it seems like the the only way to profit from the market is by trading which isn't so. This means if you have tried and it isn't favoring you then that means you're not enlightened enough or trading isn't for you entirely so try investing. The trends in the industry are numerous this day, the likes of farming, staking etc where nit that popular few years vacybut today they are and people has profited form them.

I haven't tried them myself but they're good earning opportunity for the short team and you can experiment on them but do not forget the end goal should always be to accumulate as much Bitcoin as possible therefore all this other earning opportunity should just be used for raising funds and don't get carried away in the altcoins market.

[imstillthebest]

you have been trading for 4 years and you never seen such event where the market is contiously in a bad position ? how come  but it will be safe for you stop trading for a while just to stop loosing money because the market is really in bad shape and even me im also loosing most of my investments .
this can also be a sign to change the strategy that you are using and try to continue instead of stopping  . see if it favors you , goodluck

[Alisha FR]

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.

You need to re-learn the state of the market, market conditions are not always the same as they used to be. You have to change your strategy to suit the current market conditions. As time goes on crypto technology continues to evolve and the market charts will continue to change. If the market is always the same as 3 years ago, of course the profits we get will increase without big losses.

[DarkDays]

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.

Considering that you used the same strategy for years and sometimes got nice returns but now it just doesn't work out anymore just means that the markets you're in have changed, and that your strategy no longer applies to them. This is why, once you work out strategy you must be able to adjust it as required to meet the different markets. This is probably what's happening.

[LimLims]

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.

First of all you haven’t shared the strategy that you are using.
And yes no strategy works the second time.
What can get you success in trading is that, cool mind , good calculations and choosing the best coin.
If you excel in all these skills above , then surely you will get profit.
Hope this encourages you.

[strunberg]

You need to re-learn the state of the market, market conditions are not always the same as they used to be. You have to change your strategy to suit the current market conditions. As time goes on crypto technology continues to evolve and the market charts will continue to change. If the market is always the same as 3 years ago, of course the profits we get will increase without big losses.

using strategies in crypto market need to be dynamic following the lastest condition ,not all old strategies could face the market behaviour that caused by some reason. crypto technology was moved fastly and every day hype that happening in market will continuesly changed. by understanding market behavious we will able to choose which strategy could face the lastest situation.

[sujonali1819]

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 saw somewhere a word that strategy don't work second time or something like this Lol. But you have using the same strategy over 2 years and recently You are failing. To be honest Market condition are not act as the same of previous one. Every time it change it's criteria, looking, duration etc. So It think this time Market does not act like previous one. But your strategy is still same. For why maybe you are failing this time. Don't be over greedy and don't think you are right always.

[irsykes]

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 i get lose streak, i will take a rest. Because sometimes market is unpredicted although we already learn some strategies and use it. Usually when doing trading we should know how to do some improvisation. Maybe it is better to take a rest and see how market move and then do some analysis maybe it can really help refresh our mental and brain so we can think more clearly and made good decision.

[Dragonfund]

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 hope you know that market situation changes and during bull run, it's always better to hold than been a trader, you will loose big profits because its this time we have mad profits in few days, going with holding than trading would be better and again, if you are actually trading altcoins, it is better you scalp them and forget the minor support and resistance, though the major support and resistance should be noted.
Again, it's better you trade coin/tokens that has more bullish momentum than others, not the Inez that has been pumped, you will loss because a lots if investors would dump it on you.

[pelumi20]

I understand you very well but I want you to know that it is normal to have losing streaks as a trader. You just have to re-evaluate your strategy and try as much as possible to detach yourself from both wins and losses, that way you won't be trading with emotions and you can make Better Decisions.

[Issa56]

I think if a particular strategy is not working again them I believe you should change it, maybe due to current market situation that's why your strategy is no more functional then do more research and try to change your strategy. I cryptocurrency I don't even believe one strategy will work for you foreve since the market changes then you strategy should also change if the formal one is not yielding you more interest again.

[Hamphser]

I think if a particular strategy is not working again them I believe you should change it, maybe due to current market situation that's why your strategy is no more functional then do more research and try to change your strategy. I cryptocurrency I don't even believe one strategy will work for you foreve since the market changes then you strategy should also change if the formal one is not yielding you more interest again.

It is really involving trial and error and this is a must thing because this is where you do really make yourself improve throughout your trading career.Lossing in consecutive manner is something that everyone do experience but doesnt mean that you would need to quit up.

Just sustain yourself and try to look on what are the things become wrong because this is on where do realize that there's something wrong with your trades or analysis and try to make out
some reverse and you will find out.

Try to sustain yourself with experience that you had gained in the past because quitting isnt a solution to the problem.