How do I not lose money in trading cryptocurrency?

[sana54210]

No one can be 100% sure about cryptocurrency movement, which project will give you better profit and which one will not? However, there are some projects that have the ability to live and have the power to survive.

When you are choosing right assets then you can be sure about the direction of market. Still it will be working perfect only for long term and if you are targeting not losing even for day-trading then I am afraid that no one could help you. Losing some part of your capital and then recovering it is a most common routine for all traders because market volatility will not let you to keep on protecting your capital all the times; you will definitely slip down at some unexpected time but you need to be capable of recovering that very soon.

Technical analysis will work only up to some level and the rest are depending on how effectively you are managing risks against your capital. So, not losing cannot be a concern for a trader; losing will happen but you need to cope up with that.

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[crzy]

To what i think on my own view i don't know if i can get more knowledge and understanding to this.
You just have to understand the market, you need to be able to study and know when it’s a right time for you to invest and withdraw your crypto currency. And also remember only invest money you know you can make back even if you lose the money.

Losing is part of your trading journey, its impossible to always win in trading without any lose since we all make mistakes and we can’t control the market. If you do your best to analyze, do the proper trading plan and focus on that, this can give you a huge probability to make profit in trading. Most of the time it takes time before our trade to make money, you also have to be more patience especially if you are not a day trader.

[sherenikaw]

good experience, i hope i can do that well too. Trading does require careful thought to determine when to sell or buy the coins we want. it is true that the important thing in trading is that we must be able to understand the crypto market by analyzing it so that we are not affected by the crypto market and are more mature in trading. so from now on we really have to learn to understand and analyze the market well to do the best going forward.

[24Kt]

To what i think on my own view i don't know if i can get more knowledge and understanding to this.
You just have to understand the market, you need to be able to study and know when it’s a right time for you to invest and withdraw your crypto currency. And also remember only invest money you know you can make back even if you lose the money.

Losing is part of your trading journey, its impossible to always win in trading without any lose since we all make mistakes and we can’t control the market. If you do your best to analyze, do the proper trading plan and focus on that, this can give you a huge probability to make profit in trading. Most of the time it takes time before our trade to make money, you also have to be more patience especially if you are not a day trader.

You can just minimize your losses but at one point, the trader will lose some and win some. And it is not always roses here. But with learnings as you go along your trading journey, it will help you acquire better approach with your trading strategies. Also, when you are starting, better learn the basics rather than go to using trading bots. Learning those tips will give you lifelong strategies that can be used while you are in trading. No one can rob it from you.

[Slow death]

how fantastic it would be if people entered this market, traded and didn't lose money. but reality shows us something completely different. no matter how much the person knows a lot, in practice the person loses money that's why many trades keep selling courses and create channels on youtube to make money because they can't make money trading. the sad reality.

You can just minimize your losses but at one point, the trader will lose some and win some.

True, the most important thing is to have more victories than defeats, in this case more hits than mistakes

[Hippocrypto]

In reality, no matter how you try to play it safe always, you cannot completely ensure and eliminate loss from your trading experience, it is a part of it. Losing is part of your trading journey, its impossible to always win in trading without any lose since we all make mistakes and we can’t control the market. All you just need to do to minimize your losses is to be careful and always updated by news and to the market. Always have plans when you will start trading.

[Dr.Osh]

you said it. we need to learn all about the coin from various aspects. movement, team, development, and also what the project will do in the future. after that, you just need to think about the right time to buy the coin or token. however, you also need to set the lowest price you can sell at when the dump occurs so you don't lose so much money when the price drops. or, you can continue to hold the coin/token until the price goes up again. Well, when you have a popular coin, you don't have to worry about that, because for top coins, I think it's a matter of time until the price goes back up again.

[rodskee]

To what i think on my own view i don't know if i can get more knowledge and understanding to this.
You just have to understand the market, you need to be able to study and know when it’s a right time for you to invest and withdraw your crypto currency. And also remember only invest money you know you can make back even if you lose the money.

the context of the thread does not stand in the title lol.

Even how hard you tried and how good you are, always remember that there is no perfect investments.

In this market , there will always be a losses as there is always a winning.

Profiting is good but also losing is good that will teach you to prevent from happening over and over again.

[otundebis]

I think it's possible to minimized the amount of loss to the nearest minimum. But it may be nearly impossible to avoid losses altogether. It will help if you see small losses as a spring that get you into profits board. The way you handle your losses will to a large extent determined your subsequent ability to make profits on your trade!

[isaac_clarke22]

~

Lol, tell me about it. Those people claiming to had succeed in trading just by reading this book or just joining this course is a complete BS and it just makes me want to cringe on how they claim that you should buy this and that and you're all set, meanwhile self-taught traders that succeed after gazillions of losses are laughing at the side.

[DarkDays]

No one can be 100% sure about cryptocurrency movement, which project will give you better profit and which one will not? However, there are some projects that have the ability to live and have the power to survive. I can talk about BNB, SOL, Matic etc. These are the trustworthy project. Even if you make loss of these particular project, I also can be sure that i will get good profit. So invest in places where your risk is much lower.

With all of the above in consideration, the main thing to remember is that there will be time when as a trader you'll encounter losses. There are also times when you could have made more profit but of course these two scenarios are down to the markets involves and strategies used.

However, one thing for sure is that as a trader you always run that risk of loss!

[justdimin]

To what i think on my own view i don't know if i can get more knowledge and understanding to this.
You just have to understand the market, you need to be able to study and know when it’s a right time for you to invest and withdraw your crypto currency. And also remember only invest money you know you can make back even if you lose the money.

I haven't lost money in crypto for over 2 years now, and even I say I lost money back in the day. What did I do in order to not lose money? I bought bitcoin at 6k back in the day when there was a pandemic crash and that's it, that is literally all I did. Sure I lost a few when I invested into scammy projects, it was a small amount so I do not care about them, and I did a few things of my own and that's it, that is all I lost and it wasn't really too big, the amount of money I have aside is enough to survive me for a year, I keep growing that and it grows itself as well.

I am in no means rich person and I am a long term investor, I will not sell for at least another 10 years if everything goes according to plan, maybe even 20 years if it is too slow. So if you want to not lose, just buy when it crashes, and wait for years and years, it will be profitable.

[TheGreatPython]

To what i think on my own view i don't know if i can get more knowledge and understanding to this.
You just have to understand the market, you need to be able to study and know when it’s a right time for you to invest and withdraw your crypto currency. And also remember only invest money you know you can make back even if you lose the money.

If you would say that you’re never going to lose money, you know that’s not really going to be true, because there would be times when the market would go against your prediction. But when you have a good plan you will be able to curtail your loss and increase your profit.

Losses do happen and it is part of the business, you just have to learn how to deal with the losses so they are not much, and you can later strategize and hit a better profit. That’s just how it works in the market. There are so many tools available to trader, it’s good to look out for these tools and know which ones are going to fit in best and be useful in what you want to do.

[macson]

Human nature is greed, when you are able to control that feeling, you have nothing to lose when trading.  i have a friend who is not very good at analyzing the market but has a very small percentage of losses when trading, he said that controlling greed is my success key.

[wxa7115]

Truth is in reality no matter how you try to play it safe always, you cannot completely ensure and eliminate loss from your trading experience, it is a part of it. What you can do however is to strive an ensure you are properly grounded in trading and in your strategy so that you can reduce losses to the bearest minimum, that is you loose less frequently and little amounts from your portfolio is what is lost the few times you loose.

This, once again we have an user that somehow thinks they can reduce the number of times they lose to zero, and this is simply not possible, and at the same time I do not see why does it matter? At the end of the day what matters as a trader is how much money have you made on the markets.

I have seen traders which supposedly have a system that wins 99% of the time but that losses them money, while I have seen traders with a win rate of 50% which made a lot of money in the markets, which one do you prefer to be? The accurate trader or the wealthy trader? And it is obvious the latter is by far the best option out of the two.

[Natalim]

We hope so but have to accept the reality that we can't avoid this thing. It can really be frustrating to see and have losses despite of being careful but I don't deem to make this thing become a reason to give up, instead, we make this thing a reason to improve our knowledge and enhance our skills.

Those traders that will be able to understand this situation will find a way to stay and never complain. The more we feel frustration, disappointment, the more we become down. I think we should have to work on controlling our emotions before they become worse.

Indeed. We can't avoid to lose money in trading. We will lose money in trading if we don't have the right plan on how we will do it. We can't avoid it but we need to have a plan and our own strategies to minimize it. All we just need to do is to be careful and always understand the market flows. We must be always updated to the market. We might be possibly loss money in trading but through this it will improve our knowledge and do better things next time when you trade.

And the worse thing is that if we just keep on losing. I guess that would be the time to make a hard decision to leave out from trading than to keep on that situation. Maybe we could find a place that is for us knowing that trading isn't meant for everyone nor that we all become a trader. In fact, we can maximize our knowledge and skills to the other area and seem to think that trading is not the place we have to stay, can't force ourselves then as we can't make good results rather than suffering losses.

[blockman]

Human nature is greed, when you are able to control that feeling, you have nothing to lose when trading.  i have a friend who is not very good at analyzing the market but has a very small percentage of losses when trading, he said that controlling greed is my success key.

That's good for him, he knows how to take profit every time that he's on it. I agree with him that controlling it is one of the factors and having it combined for being good at analyzing will make the best out of it.
Controlling greed and knowing how to read the market will give you the advantage that others are wanting to have. If you lose, that's okay because it happens but it should be not that much.

[Oilacris]

Human nature is greed, when you are able to control that feeling, you have nothing to lose when trading.  i have a friend who is not very good at analyzing the market but has a very small percentage of losses when trading, he said that controlling greed is my success key.

That's good for him, he knows how to take profit every time that he's on it. I agree with him that controlling it is one of the factors and having it combined for being good at analyzing will make the best out of it.
Controlling greed and knowing how to read the market will give you the advantage that others are wanting to have. If you lose, that's okay because it happens but it should be not that much.

Controlling greed and emotion is something that cant really be done easily unless if you do have already the experience on this market

but if not or doesnt have enough then these things will greatly affect your trading career which would really result into those bad decisions.

Losing is something that cant be avoided but somewhat can be lessen if you do already have the knowledge and experience.

[sheenshane]

Controlling greed and emotion is something that cant really be done easily unless if you do have already the experience on this market

Experienced or don't have experience has not guaranteed that you will always win against the market, even experts may experience losses too.  That's right, it's not easy to control our greed and emotion because we are human and most traders will face that the same problem.  Accept losses and learn these experiences and don't let them happen again in the future.

There's no straight winning result in trading and bear in mind that the market price is unpredictable and now one can predict it.

Losing is something that cant be avoided but somewhat can be lessen if you do already have the knowledge and experience.

I tend to agree, it's well said.

[Hippocrypto]

Human nature is greed, when you are able to control that feeling, you have nothing to lose when trading.  i have a friend who is not very good at analyzing the market but has a very small percentage of losses when trading, he said that controlling greed is my success key.

That's good for him, he knows how to take profit every time that he's on it. I agree with him that controlling it is one of the factors and having it combined for being good at analyzing will make the best out of it.
Controlling greed and knowing how to read the market will give you the advantage that others are wanting to have. If you lose, that's okay because it happens but it should be not that much.

Controlling greed and emotion is something that cant really be done easily unless if you do have already the experience on this market

but if not or doesnt have enough then these things will greatly affect your trading career which would really result into those bad decisions.

Losing is something that cant be avoided but somewhat can be lessen if you do already have the knowledge and experience.

Indeed. We can't avoid on losing since cryptocurrency has a lot of risks. We can just minimize it by having any plan and strategies when you start on trading. Being greedy and emotion can always lead on losing. Experience may also help you minimize loses and especially the knowledge you have.