Continuously Loosing money in Trading!!!!

[Rakeshten]

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.

It may be now old strategy so now it is not working on coins. You must change strategies with the time because the market is growing day by day. Now almost people know about the crypto market and many new people have started trading. So change your strategy and try again, I hope you will get good result.

[Fredomago]

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 its not working anymore, then you have to change it. Something's wrong with your trading strategies so its kinda good to have changes for good. Trade with charts aren't easy and needs knowledge that can't be obtain in just a year of trading. With your statements, I suppose that you sticked only on your trading stat and never tried something new. Well, time's changing and market is changing too. Adopt.

The best practice is to keep learning from your mistake, if you are not getting any changes you really need to assess deeper, it's either you are not learning new things from all those experiences that you've got or maybe trading is not for you, you need to accept or admit that not everyone have the same fate inside this market.

Some lucky traders who just got in manage to create a working system that really gives decent profits, if you are not seeing yourself performing, think deeper and check if you need to continue or better to find other business/field to invest your time and money.

[Gosgosking]

Give a break and try to discover the cause of your recent lose . You need to update your pattern in trading things might have changed which is not favouring you like in the past. Meet people who you know they are good in trading that can help you.

[ningrum]

experience is a guide and a warning so as not to make the same mistakes. when the first strategy is not successful, then another strategy is needed to avoid losses.
Learning from past mistakes will help you avoid making the same mistakes.
Maximizing profits and minimizing losses must continue. Trading knowledge will help you to stay on the right track.

That's I think why an experience is important and we won't have an experience if we don't try it.
Don't forget that in addition to knowledge, skills are also important in trading.
what is clear is that every time there is an opportunity to make a profit, we must really take advantage of it

[StLucifer]

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.

[Hobo66]

The majority of people lose money on a regular basis because they choose a platform without doing any background reading on the idea. They always use the same algorithms and do not modify it. Because the traders are afraid of losing money, they sell the coin for a cheap cost. Fear is a negative factor that has an impact on a user's profit.

[checkmatesir]

Most of the people loss money due to the techniques they are using. Also one essential thing is the news they actually trust blindly on fake news so they purchase the coin and after that when someone says that the value of this coin will become low more and more then they sell that coin while they are in loss so this can make you loosing your money.

[Obito]

Most of the people loss money due to the techniques they are using. Also one essential thing is the news they actually trust blindly on fake news so they purchase the coin and after that when someone says that the value of this coin will become low more and more then they sell that coin while they are in loss so this can make you loosing your money.

The techniques aren't that big of a deal though, pretty sure that they can be changed overtime if they want to. The news subscription is a big problem, a lot of articles to sift through which makes things confusing because there's going to be some contradictions somewhere but my rule of thumb in this case is if you've heard it on the news then probably you're too late on the hype so you might want to wait for awhile when the market calms down.

[Lanatsa]

Most of the people loss money due to the techniques they are using. Also one essential thing is the news they actually trust blindly on fake news so they purchase the coin and after that when someone says that the value of this coin will become low more and more then they sell that coin while they are in loss so this can make you loosing your money.

The techniques aren't that big of a deal though, pretty sure that they can be changed overtime if they want to. The news subscription is a big problem, a lot of articles to sift through which makes things confusing because there's going to be some contradictions somewhere but my rule of thumb in this case is if you've heard it on the news then probably you're too late on the hype so you might want to wait for awhile when the market calms down.

Learning both Technicals and fundamentals is good and its true about news and events which you cant really be sure whether it could give out some significant impact in overall movement thats why its really hard to make out decisions.

Confusion,doubts and hindrance would be the primary emotions you would feel out and this is something that cant really be avoided
but with due experience you could able to bare and handle it out.

Just try to sustain and maintain up your position and be profitable despite of the losses.

[goldkingcoiner]

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.

Obviously something is not going right, you need to change your strategy or, even better, you need to stop trading. I would rather see someone hodling than trading, as in the long term, it is a much better strategy.

But if you really have the need to keep trading, then at least adapt your strategy to current market conditions. Could you tell us what your strategy was before? Maybe we can give you some tips.

[Gosgosking]

It won't make any sense if one continues trading when their is continuous  loosing of money. The best thing to do is to stop trading,  and to acquire for knowledge that can stop the lose of money. The reason that could cause the loss of money is not getting the understanding to manage the trade. Obtaining the right knowledge will stop the lose of money in trade.

[Pasa32]

If that strategy is not working you should forget that and find a new one. The reason of not working strategy can be the market is not predictable. You must wait or find new strategy for getting profit.

[aryana42]

How can you stick with the same strategy while the results of your strategy cost you money. You have to change your old strategy, you already have skills in trading. But you are still not smart, that the market will not always be the same. If all traders were always profitable in the market, people would have no financial limitations. They will move from real work to trading. Now do something different, re-study the market conditions and then come up with a strategy that you think is more suitable and has a high chance of profit.

[Qikiye]

In case of trading you will always face losses if you do not invest properly at the right time. When the market goes up, it makes sense to sell your invested coins. And re-investing should be the principle of a trader when the market goes down later.

[nhaila]

An investor and a trader when he enters newly in cryptocurrencies market then he has not enough ideas and knowledge about investment and trading. If then he investsor trades he may continusly Lossing money in a trading.

[TheListener]

Main reasons to loosing money lack of knowledge about trading like right entery time when we need to exit how to manage portfolio so best way is learn about this or follow someone experiencer

[kingangel]

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 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.

[yayayo]

I don't think a single strategy wouldn't always work I think you should try and explore other strategies there's a lot of strategies and combination that could work in any market (bullish or bearish) contentiously losing indicates that your strategy is not valid and not effective at the current market status.

I think you should not just rely on one or two strategies. I also think you should know when to use one strategy and not use it randomly.

ya.ya.yo!

[boyptc]

Main reasons to loosing money lack of knowledge about trading like right entery time when we need to exit how to manage portfolio so best way is learn about this or follow someone experiencer

I don't think exit should be the right word.

It should be the right time of selling. Because when we sell, we're also going to buy it back so that when there's another dip and pump, we're on it.

And if you say exit, it's about getting wholly out of the market and there's no returning.

[Luzin]

There is no strategy that works 100% of the time, the more you trade the more experience you will get. Having a decent experience will let you analyze the market better and the chances of making wrong decisions will be lower within time. Better to take a break and don't risk more than 10% of the trading capital in single trading. Just my 2 cents.

Indeed, analysis only helps us to minimize errors. But there are many factors that cannot be analyzed, such as whales and sometimes emotions. Emotion is a factor that beats everything. Emotional management is a very difficult thing. This happens because they are greedy, they want to get a quick return on investment when they get a loss and etc. Your suggestions are very good I think the writer should try he should keep learning to get the most comfortable technique with his ability.