Continuously Loosing money in Trading!!!!

[Luqman]

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

True. His trading strategy doesn't work well anymore. Not sure what his trading strategy is, but if it is no longer effective then should be changed. The current market situation may be one of the reasons leading to the ineffectiveness of a particular trading strategy. I recently changes my trading strategy and my goal in trading. Now, I set lower profits and only holding 1-2 days after I bought a coin.

[jambul_kribo]

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.

we should not change our strategy too soon,better to evaluate it and find in which part this strategy was not work for us. sometimes our mental and psychology that uncontrolled could be this reason, even our trading system was the best but as long as mental still uncontrolled it will destroyed.

[Natalim]

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

True. His trading strategy doesn't work well anymore. Not sure what his trading strategy is, but if it is no longer effective then should be changed. The current market situation may be one of the reasons leading to the ineffectiveness of a particular trading strategy. I recently changes my trading strategy and my goal in trading. Now, I set lower profits and only holding 1-2 days after I bought a coin.

When you trade, you are open to profits and losses of course. But if you do trading and just keeping losses within that 2 long years, i must say its very alarming already. There is something wrong with how you trade or the strategy you are using. Try to work on it and definitely change your strategy and observe if it will change your status. If you still lose every now and then, maybe its not with your strategy, but the problem is you. Give yourself a me time and try to figure things out why do you keep on losing. Don't just update your strategy, but change your behavior as it is also a big factor to be successful in trading. Changes are inevitable so learn to adopt with it too.

[ultrloa]

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.

we should not change our strategy too soon,better to evaluate it and find in which part this strategy was not work for us. sometimes our mental and psychology that uncontrolled could be this reason, even our trading system was the best but as long as mental still uncontrolled it will destroyed.

Why not change your strategy if it doesn't work for you for quite times? maybe you need to re evaluate what happen and what mistake did you do then change your strategy so that you can get better trades on next time around and also strategy will never work if you don't have discipline also don't have any set exit plan so better learn that two before concluding things since for sure you will end up earning good numbers once you do a good trades.

[sheenshane]

Why not change your strategy if it doesn't work for you for quite times? maybe you need to re evaluate what happen and what mistake did you do then change your strategy so that you can get better trades on next time around and also strategy will never work if you don't have discipline also don't have any set exit plan so better learn that two before concluding things since for sure you will end up earning good numbers once you do a good trades.

The highlighted line above was right and I tend to agree, why do you keep using your strategy if you keep losing on it.  Continuous losing isn't good at all, you might take a break and do your assignment of researching a good and new strategy that you can use and observe how effective it is, sometimes making a trial and error makes us becomes perfect but in a mistake of 1 or 2 is enough for us to learn.  The important thing is to learn from your mistake and don't let them happen again.

Sometimes as of now technical analysis have less effect IMO, the most trend analysis is now related to the news around and it becomes to have an effect to the crypto market price.

[Rengga Jati]

Unfortunately, the market may be changing, the chart may be changing, moreover recently, there are so many FUDs and also news that suddenly spreading that will make the market will drop very easily only in some hours.
And sometimes, you need to evaluate your trading strategy whether it will work or not. And if you keep losing with your strategy, it means that you need something new.
You may not need to change the whole strategy, but you need to evaluate it and conform to the current market.
Sometimes, the trading strategy will be different in only some days and weeks.
We must be ready for the change because that is trading, so far, so many people are coming to the crypto market for trading also.
This may also influence.
Ima sure that you ar emor eprofesional than I am. So, I believe you can find the best trading strategy that fits the current market right now.

[enhu]

No one yet had advised you to change your career if you have not been successful after 3-4 years of trading then consider this as one of the advice. However, if you have the persistence and keeping faith that you will eventually be successful, learning more about the trade is the way to go. Indicators they say will help a lot.

I'm not a day trader but more of a long-term trader. I'd like to buy coins when they dip down to their very oversold point in the weekly chart using the RSI. It's not a very tiresome job since it's almost like holding.

[jrrsparkles]

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 your strategy is not working then its time to change your strategy and its never advisable to apply the same strategy to different market condition, you have to adapt to the current market situation and trade according to that. If you are still having hard time at finding the profits then just take a break and redefine your strategies and also let your mental strength to recover from bearing all the losses.

[Rehan Zakir]

Can you please describe briefly that what  is your mistake. Are you doing futures trading? Futures trading is a very risky game. So please don't try it. just do spot trading. And brother first learn and then start trading. Trading is not an easy task. So learn the technical analysis and fundamental analysis and then think before take any trade.Then you will not lose your money in trading.

[Kasabus]

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 your strategy is not working then its time to change your strategy and its never advisable to apply the same strategy to different market condition, you have to adapt to the current market situation and trade according to that. If you are still having hard time at finding the profits then just take a break and redefine your strategies and also let your mental strength to recover from bearing all the losses.

Repeated losses in trading is never a good scene anymore. You have to find new indicators that will help your trading end sup successful. And might as well revise your old strategy as its not helpful anymore. You may check new strategies that can adopt to the market's current condition and definitely develop them. The market will never stop from changing so you also have to learn to adjust so you can cope up with its never ending changes that will still make you successful in the end.

[michellee]

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 your strategy is not working then its time to change your strategy and its never advisable to apply the same strategy to different market condition, you have to adapt to the current market situation and trade according to that. If you are still having hard time at finding the profits then just take a break and redefine your strategies and also let your mental strength to recover from bearing all the losses.

Or maybe she does not need to trade like the other people because if she continuously losing from trading, she is not qualified in trading and it is better to be an investor. She needs to leave trading a while to refresh her mind and search for what is causing the loss. Changing her strategy could be a way to see if she still loses or can make a profit but at this time, take a break for a while will be a good solution. Besides that, the market now is not good for trade and that can cause her to get more losses if she can not be careful.

[isaac_clarke22]

~

Unless it were all downs, then you should be fine since you mentioned that you're having up and downs. Trading isn't all about profits, OP. Even the experienced ones get losses to and not just you.
Consider learning other strategies as well. Are you day trading or is it another strategy?

Still kudos for that longevity of continuous trading. I never lasted a week doing that strategy, and that's why I just did long-term holding.

[cheezcarls]

I remember the time that I was also in the same situation where I am continuing to lose money in crypto trading alone. I mean a lot, seriously. However back then, I didn’t have much knowledge trading but just simply going on with the latest trends in that specific coin or token. Also back then, I didn’t have some sort of risk management.

Because of losing a lot of money, I was depressed. But yes I was still a newbie back then and didn’t do a lot of research. It took me a long while to get back on track and finally learned my lesson. Only invest and trade on what we can afford to lose and manage risks carefully. And don’t go all in as well!

Right now even if I am losing a lot, I’m not kinda depressed anymore because of changing my mindset that I treated it as “dead money”.   

[geegaw]

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.

we should not change our strategy too soon,better to evaluate it and find in which part this strategy was not work for us. sometimes our mental and psychology that uncontrolled could be this reason, even our trading system was the best but as long as mental still uncontrolled it will destroyed.

From his initial share, this strategy has been applied no less than a few times and after so many losses, swapping to another strategy is a suitable requirement, talking about finding the mistake and correcting the old plan, it's not the right job for him when if he'd appreciated enough and was clear about the mistake, we wouldn't have had this discussion. And note that strategy includes all psychological and mental planning, cannot blame these factors and cast doubt on the outcome of the strategy.

[Shasha80]

I remember the time that I was also in the same situation where I am continuing to lose money in crypto trading alone. I mean a lot, seriously. However back then, I didn’t have much knowledge trading but just simply going on with the latest trends in that specific coin or token. Also back then, I didn’t have some sort of risk management.

Because of losing a lot of money, I was depressed. But yes I was still a newbie back then and didn’t do a lot of research. It took me a long while to get back on track and finally learned my lesson. Only invest and trade on what we can afford to lose and manage risks carefully. And don’t go all in as well!

Right now even if I am losing a lot, I’m not kinda depressed anymore because of changing my mindset that I treated it as “dead money”.   

Everyone must have experienced a situation where they experienced continuing losses. Even professional traders experience the same thing when
the first time trading, it is usually experienced when we do not have sufficient knowledge and experience. Therefore, to be able to become
a successful trader and minimize the amount of loss when trading. Must learn all about crypto first before deciding to trade, so we know how to
choose good coins for trading and can analyze the market well.

[haidil]

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.

He has said it has been almost 3 to 4 years trading crypto, and the problem is that the strategies he uses are no longer effective. I agree with what you said that scalping for the current state of the altcoin is preferred and it is not recommended to hold too long. Seeing the situation that was quite unfavorable, CL also needed to be taken as a final action.

[zahed]

There is no specific strategy will work in trading and I first time heard of you. For 3-4 years it's long time you involved in crypto trading but suddenly why losses continuously in few weeks It's easy to find for yourself because you didn't mention here which strategy you followed.
I suggest you have to quit for some days then change your strategy.  

[rahmatullah9305]

You should re-examine the current state of the market, the old strategies may no longer be effective because the market is very volatile. So you need to update your strategy according to market conditions. In every situation we have to really analyze and apply the right strategy, even though it is difficult to predict but profit opportunities are still open for traders who learn from experience.

[strunberg]

There is no specific strategy will work in trading and I first time heard of you. For 3-4 years it's long time you involved in crypto trading but suddenly why losses continuously in few weeks It's easy to find for yourself because you didn't mention here which strategy you followed.
I suggest you have to quit for some days then change your strategy.  

we should not blame our strategy meanwhile we didnt diciplinely doing basic trading rules such as make trading plan and other factor. some traders easy to changes their strategy while its not work for them , but forget how to developt it as powerfull and profitable strategy. evaluate and improve every single mistake we made from trading plan was a way how to get better result in our trading journey. better have a weapon but we know how to use it so it could be very profitable.

[pawanjain]

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.

The answer lies in your question. You said you are using the same strategy from the past 2 years.
What strategy works in a bull market might not work in a bear market and vice versa.
The same strategy won't work in all the market trends. As time goes by different players enter the market and so we have to keep changing our strategy if it isn't working for us.
Also, the past few weeks were not so good for the whole market since bitcoin kept falling from $50k to $40k.
So that may be another reason for your losses. You should never sell at a loss and keep holding to sustain your profits.