How do I not lose money in trading cryptocurrency?

[tygeade]

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 am glad that you are already aware the potential of investment over trading. I think the next step that you must need to learn right away should be the potential of bitcoin investment. Usually the first step for most people is, they need to learn about the merits and demerits of trading and investment but it seems that you already got some knowledge about investments hence the next step for you should be learning about the potential of bitcoin investments.

This way you can get into bitcoin investment with long term plans which will definitely get you struggle-less easy profit over the time. Like you have mentioned that trading is always involving lots of struggles which could be eliminated when you are opting for bitcoin investments.

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[Woodie]

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.

this is a toucher question to answer than it sounds, but you are right on one thing... knowledge and understanding of the crypto markets will give you are probable chance of being a successful trader just not one that always wins.
BUt generally I think most of   the times we lose money for not having one simple element, which is patience! If we put patience at play i think we should do fine with crypto trading.

And also remember only invest money you know you can make back even if you lose the money.

Correct! As far as I know trading is as good as gambling and on some days you will lose and on others you will walk away as a winning trader.

[Finestream]

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.

this is a toucher question to answer than it sounds, but you are right on one thing... knowledge and understanding of the crypto markets will give you are probable chance of being a successful trader just not one that always wins.
BUt generally I think most of   the times we lose money for not having one simple element, which is patience! If we put patience at play i think we should do fine with crypto trading.

And also remember only invest money you know you can make back even if you lose the money.

Correct! As far as I know trading is as good as gambling and on some days you will lose and on others you will walk away as a winning trader.

But there is more winning opportunities in trading as long as you know how to manage the risk and as a trader, you should always trade base from your own technical and fundamental analysis that will help you all throughout the way. The chances of losing in trading is lower compared to gambling but the fact that traders are still prone to losses, then they should always know when to sell their coins and as much as possible, stay away from being greedy because that will push you even more to keep losing from trading.

[kawetsriyanto]

To what i think on my own view i don't know if i can get more knowledge and understanding to this.

Knowledge and understanding wing will be still ongoing once we are still learning or even experiencing. Experience is also the best teacher, spreading our knowledge and also implementing them will also add our understanding, just keep them up.

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.

And this is one of the advantages of learning again and again.
We may sometimes lose our money or get whatever that we don't want. But, through these, we can get some lessons based on the experiences.
I agree that we need only invest in whatever that we really understand, not for gambling on something new or we actually don't know.
Investment is risky, so don't add the risks only by investing in somehting that we don't know

[Fatunad]

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.

this is a toucher question to answer than it sounds, but you are right on one thing... knowledge and understanding of the crypto markets will give you are probable chance of being a successful trader just not one that always wins.
BUt generally I think most of   the times we lose money for not having one simple element, which is patience! If we put patience at play i think we should do fine with crypto trading.

And also remember only invest money you know you can make back even if you lose the money.

Correct! As far as I know trading is as good as gambling and on some days you will lose and on others you will walk away as a winning trader.

But there is more winning opportunities in trading as long as you know how to manage the risk and as a trader, you should always trade base from your own technical and fundamental analysis that will help you all throughout the way. The chances of losing in trading is lower compared to gambling but the fact that traders are still prone to losses, then they should always know when to sell their coins and as much as possible, stay away from being greedy because that will push you even more to keep losing from trading.

Wont really be talking about losses because getting rid of it is impossible and we know that this is an inevitable thing for someone to experience.This isnt something a race that you would be minding on not to commit any mistakes because its impossible for you to be a perfect trader.What matter most here is that you do able to end up
on having profits in the end of the day and wont really be having that gambler thinking on which you do make out trades without any basis or you arent serious
on doing so. Try to sustain yourself and able to make yourself profitable despite of those losses that you do experience because that what matter the most.

[chanler]

For me, trading is difficult but it can be learned and my principle is that we must do the best that we can when doing anything, including trading. trading is not a place to play around or experiment. Making a profit is the goal in trading and the right thing to do is to understand this up and down market. learn to analyze the crypto market well so that we can determine the right time to sell or buy coins.

[jrrsparkles]

It's really not possible to become a trader who never loss their money in trading, everyone will lose their money because the volatility of the market is high and its never been unpredictable. You will get more experience when you trade more so that you understand how the market is going to react approximately so that you can have your own strategy and make trades based on it.

[Hobo66]

Whenever you begin trading in cryptocurrencies you must have a thorough understanding of the project. If you do not realize that what is trading and how to get benefit from it and have no familiarity with it then it is not a smart idea to start until you get an idea and knowledge about trading. So just learn about trading then you will be easily achieve your goals and will never lose money in trading.

[ScamViruS]

If you trade then you have to face losses at some point. Because experienced traders also make losses but they can reduce the losses by following proper money management. So even if you have enough trading knowledge, if you can't follow your money management properly, then that trading knowledge will not help you in any way. One way you can prevent losses is by holding coins. If you invest in Bitcoin and hold it for a long time, you will not incur any bitcoin loss due to holding.

[Oceat]

Trading is not just for everyone but for the one who strive to learn from their mistakes and focus to make their selves better will be rewarded for their hard work. Trading is not all about gaining profit but it's also about losing but not giving up for just one or two losses. It's the winning and profits matter than the losses you have made. Losing is a part of the process to become better of what you are doing and not a hindrance to stop trading.

[Raflesia]

We have to have skills in trading if we don't want to experience big losses and I think it is common among traders about the problem of loss that even a pro will experience it, so we must be able to apply this in our trading however crypto prices are very fluctuating so we must have more skill and I believe this can anticipate your losses in crypto trading.

Some are important in trading, proper money management, a little patience to hold, never be greedy if you have enough targets then we just take profit and some other techniques.
That's all that needs to be applied in my opinion so that our trades remain regular.

[Fesatmas]

And also remember only invest money you know you can make back even if you lose the money.

Wait, I don't agree with all the suggestions given. Sorry to contradict, the OP doesn't want to lose his money trading cryptocurrencies, right?

My advice to the OP is to simply choose a stablecoin cryptocurrency, USDT, USDT, or BUSD, DAI, and everything stablecoin included. The reason was simple because he didn't want to lose. Then it is clear that there is no need to trade high volatility cryptocurrencies. The higher the volatility of the trade, the higher the profit, also the greater the risk of losing if the OP is impatient to become a Holder. Then if the stablecoin traded by OP, the more stable the finances. So there's nothing for the OP to worry about losing in bulk. Unless inflation in the country of residence is increasing.

[og kush420]

My advice to the OP is to simply choose a stablecoin cryptocurrency, USDT, USDT, or BUSD, DAI, and everything stablecoin included. The reason was simple because he didn't want to lose. Then it is clear that there is no need to trade high volatility cryptocurrencies. The higher the volatility of the trade, the higher the profit, also the greater the risk of losing if the OP is impatient to become a Holder. Then if the stablecoin traded by OP, the more stable the finances. So there's nothing for the OP to worry about losing in bulk. Unless inflation in the country of residence is increasing.

Yes, no pain no gain. You cant earn profit without taking risk. If you want profit without any risk then better go and invest in government schemes that gives you fix profit (proportional to inflation rate). You can not eliminate the risk in crypto trading but you can minimize it by moving step by step. IMO, first and foremost thing is identifying the right coin, at right time with right capital.

[Ararbermas]

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.

practice your skills very often, because its not what you think that after gaining knowledge you can easily trade and avoid losses.. Nope change your mind set.. Invest more time to practice your skills and to obtain more information such how you can minimize losses or how you can prevent it while trading.. Using stop loss is useful as well by the way so maybe you don't have it in your list so better to learn how you can execute it..

[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.

[Mpamaegbu]

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 think there's an obvious conflict of interest in your content, making the title look like a call for direction. Well, to be honest with you there's no way someone will become a professional trader without an experience not loss. That's not possible. Otherwise, what could be happening would be a stroke of luck. Truth remains that traders learn from their past mistakes. So, OP I will encourage you to look past the notion of not losing but concentrate on your trading plan. That way, you will be able to easily identify any pitfalls you may have.

[Hippocrypto]

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.

[JrRini]

Many people have benefited by trading and many have lost so I want to tell you one thing. Understand trading and consider which token market value will increase in the future and which will decrease.  You do not want to be frustrated if you cannot get the right pitch so invest in a good capo.
 You can make a lot of profit by trading. I have got good benefits from this, so you also understand it well and learn it well from your elder brothers or someone you know. I hope you can make a lot of profit. Trade thing is a very good initiative.

[Desmong]

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.

Why is your topic not aligning with your write-up?
How do I not lose money in trading cryptocurrency? If this is a question then you will mate. You don't need to lose immediately because losing deal with time and the kind of market you are trading. If you are trading the future market, then prepare. The future market is just about predicting future price of a particular pairs.

[Kasabus]

Many people have benefited by trading and many have lost so I want to tell you one thing. Understand trading and consider which token market value will increase in the future and which will decrease.  You do not want to be frustrated if you cannot get the right pitch so invest in a good capo.
 You can make a lot of profit by trading. I have got good benefits from this, so you also understand it well and learn it well from your elder brothers or someone you know. I hope you can make a lot of profit. Trade thing is a very good initiative.

Trading is only good if you are constantly making profits from it, but if you are often committing losses, then i would say learn more in trading so you can start minimizing your losses. Honestly, not all trading are good and profitable. There will be these days that you are bound to lose while others are making profits. And its a very normal scenario in trading because even skilled traders do lose in trading too. I would rather advice OP to stay focus on the coins that have high potentials and prioritize bitcoin because there is more secured profits on it. And in times that you face losses, just be patient and still make consistent learning because that will be the best way to combat losses and attract more profits the next time you trade.