lenovop-70
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November 17, 2021, 02:53:49 PM |
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Risk management is the first think first, IMHO, without it you will be blind man in the middle of nowhere. But after all, you will never loose your money if you are hold all of what you have when the price is below, as simple as that, after all of your daily need is on coverage by your other money outside your crypto money.
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Issa56
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November 17, 2021, 03:34:46 PM |
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I don't think there is any way inwhich you can trading without losing I don't think is possible, so if you are getting to know about cryptocurrency trading you should have it in your mind that you can't be making profit always there will definitely be lost but whenever you are trading always try your possible best and make sure your profit is far more than your lost and always invest any amount you believe if you lose it won't really affect you.
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Smitty Werben Man Jensen
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COMBONetwork
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November 17, 2021, 06:04:39 PM |
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it's very easy!, you must not follow Fomo, buy meme coins like Squid, Flocky, BuffDoge and some other coins like that, why do I ban it?, yes because coins like this are very easy to dump to zero, of course this is what makes crypto even more scary, but if you buy a fundamental coin, of course your capital will be safe.
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blockman
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November 17, 2021, 06:16:31 PM |
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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. Those experiences will be put into use when you're going to trade. You will have an idea of how to minimize your losses and how to maximize your potential profit. Aside from experience, it teaches you to be emotionally stable because it's one factor that will trigger you to randomly sell and buy without even planning of what you should do.
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lixer
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November 17, 2021, 09:36:20 PM |
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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.
Experience is one thing, character is another. I have seen veterans who still not be able to hold their emotions to a ground and I have seen noobs be able to control their emotions a lot better. Some people are a lot more cool headed than the others and they are a lot better when it comes to trading as well. The biggest difference comes with math as well, if you are good at mathematics versus if you are horrible at it, if you are horrible at it then you will have to work really hard to understand everything talked about here, whereas if you are really good at it or already studied finance related major in college then you are going to start understanding a lot quicker as well. Sometimes it is not just experience that makes the difference however I do agree that it is one of the most major things as well, it is just not the whole of the picture and just one part of it.
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nurilham
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November 17, 2021, 11:10:25 PM |
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To avoid the losses in trading, of course, we must be able to analyze and understand the crypto market well. It takes a good understanding and a good strategy to trade in order to make a profit. failure in trading is not the end of it all. we must be able to rise from the situation and learn from the failures that have been done. do trading with enjoy and make trading a hobby so that when we do it we can think calmly and clearly to get the goal as desired.
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harizen
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November 17, 2021, 11:45:58 PM |
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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.
Building experience is the key. That understanding the market takes time and is not an easy task to do. Allow losses to come and experience the worst. In the long run, we can now cope and adopt any situation, any trend, any challenge, etc. Knowing when the right time to buy and sell is tough. But by building experience, we can deal with that.
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molsewid
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November 18, 2021, 04:42:25 AM |
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Building experience is the key. That understanding the market takes time and is not an easy task to do. Allow losses to come and experience the worst. In the long run, we can now cope and adopt any situation, any trend, any challenge, etc.
Knowing when the right time to buy and sell is tough. But by building experience, we can deal with that.
You got the point mate, in any aspect of trading there's no assurance that you will not going to lose your money even if it is not in cryptocurrency. Building your solid foundation of understanding the market that you are planning to join and build an experience that will teach you a lot about the market is definitely the key to win. Though even you are already an expert in it there's still no assurance that you will not going to experience losses but the good thing is that you already developed your skill how to cope up from the losses.
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ice18
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November 18, 2021, 02:16:26 PM |
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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 the hardest part of trading, knowing the right time to buy and take profit, Ive experienced it a lot sometimes I do trades when I think the market is in dip but this is not always work as I expected. Bleeding market sometimes last for days and the only way is to DCA when you have funds left for this situation. Trading is just like a game you need not only by studying it but by being skilled and smart. If you can do this there's a high probability that you can gain more money than losing.
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zaesvlas
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November 18, 2021, 03:19:26 PM |
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In general, this is a completely normal process for trading, but you need to try to keep a balance between profit and loss.
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Dewi Aries
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November 18, 2021, 04:11:57 PM |
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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.
For a note, always make sure our emotion is ready. I think only analysis and study not enough to made profit in trading. Because we wouldn't face profit only and sometime losses, and people who already mastered in analysis still have chance to panic and then made decision recklessly.
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geegaw
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November 18, 2021, 05:08:37 PM |
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To avoid the losses in trading, of course, we must be able to analyze and understand the crypto market well. It takes a good understanding and a good strategy to trade in order to make a profit. failure in trading is not the end of it all. we must be able to rise from the situation and learn from the failures that have been done. do trading with enjoy and make trading a hobby so that when we do it we can think calmly and clearly to get the goal as desired.
The evasion with our skill is just a temporary level of containment to avoid the loss, as soon as we fall into adversities and tragedies, such a forced situation would require small to medium losses, in general, the number of collisions with failure would be no less, there's no such thing as perfect avoidance, just a story that trains thinking with more adversity. An open thinker with adversity and survival is better, those who do not understand and are bound by perfect thinking, even deeper knowledge cannot liberate, it is important to behave appropriately to the situation
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Zilon
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November 18, 2021, 05:56:52 PM |
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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.
No matter how long you spend in the crypto trading business you will never get to the level where losses wouldn't occur. You can only get to know how to limit losses but not how to avoid them completely. If one is new to trading crypto it's good to always and always apply stop loss and also set up a risk management memo that serves as guide before any market decision is made a review should be considered
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tygeade
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November 18, 2021, 07:08:09 PM |
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I think only analysis and study not enough to made profit in trading. Because we wouldn't face profit only and sometime losses, and people who already mastered in analysis still have chance to panic and then made decision recklessly.
Yeah, this is the reason we do see pro traders are also sharing about their losses and how market volatility made them dump time to time. I agree that learning and then analysis also not enough to make continuous profits hence the question from OP for not losing any money from cryptocurrency trading is not making any sense to me. People who are not ready to accept the reality of market alone will keep looking for such imaginary answers. If one is new to trading crypto it's good to always and always apply stop loss and also set up a risk management When avoiding losses in trading is practically not possible then using stoploss alone is the only available and possible solution here. Having a tight stoploss and then recovering losses with next trade could be the answer for OP's question here.
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sana54210
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November 18, 2021, 09:55:04 PM |
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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 the hardest part of trading, knowing the right time to buy and take profit, Ive experienced it a lot sometimes I do trades when I think the market is in dip but this is not always work as I expected. Bleeding market sometimes last for days and the only way is to DCA when you have funds left for this situation. Trading is just like a game you need not only by studying it but by being skilled and smart. If you can do this there's a high probability that you can gain more money than losing. Every trader that knows how to trade ended up having the same problem. We buy it when it dips but then it dips even further, which is when you lose money but only if you end up selling. If you bought the dip then there could be some sort of loss but in the end you could be profiting as well at least quicker than people who buy during peak times. Let's assume you bought at 61k recently because it dropped, and it dropped to even under 59k so right now you are in a loss, but imagine how hard would it be if you bought at 68k? That is why you are at least doing better than those people. I know that it is not a great feeling to have something that is risky like that and this is why I suggest not putting all of your money in at the same time, this way you could buy at 65k then 63k then 61k then 59k as well and could make a profit a lot quicker that way.
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24Kt
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November 18, 2021, 10:11:17 PM |
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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 the hardest part of trading, knowing the right time to buy and take profit, Ive experienced it a lot sometimes I do trades when I think the market is in dip but this is not always work as I expected. Bleeding market sometimes last for days and the only way is to DCA when you have funds left for this situation. Trading is just like a game you need not only by studying it but by being skilled and smart. If you can do this there's a high probability that you can gain more money than losing. Every trader that knows how to trade ended up having the same problem. We buy it when it dips but then it dips even further, which is when you lose money but only if you end up selling. If you bought the dip then there could be some sort of loss but in the end you could be profiting as well at least quicker than people who buy during peak times. Let's assume you bought at 61k recently because it dropped, and it dropped to even under 59k so right now you are in a loss, but imagine how hard would it be if you bought at 68k? That is why you are at least doing better than those people. I know that it is not a great feeling to have something that is risky like that and this is why I suggest not putting all of your money in at the same time, this way you could buy at 65k then 63k then 61k then 59k as well and could make a profit a lot quicker that way. In short, don't go all in at one point, you need to enter at various points if you want to avoid big losses in case the coin that you are buying is going down. Also, this is the advantage of diversifying your portfolio, as you have no clue which one will hit it off in the market or will decline in the coming days, it is better to invest in different alts with promising future. But if you are saying that you haven't lost in trading, even at one point, I don't think I will believe that. Because even expert traders can lose in trading. You can't always win on this. But of course, you can minimize your losses, depending on your strategies.
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Rengga Jati
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November 18, 2021, 11:38:23 PM |
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Just jeep learning even by doing, keep learning from experiences, keep learning from current conditions. We may loose our money because of this cryoto world, I also have lost much money and my portofolio can decreasemore than -50%. However, I also conisder how much I have earned from crypto. That is why, just keep going onto learn and understand than only thinking about witouht taking action. We must take all lessons in order to make our decision to trade or involve crypto will be okay enough.
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chaser15
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November 18, 2021, 11:59:04 PM |
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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.
Just trade every day. Don't stop and learn from each of your mistakes. It's impossible not to lose in trading. There's no perfect trader and even the expert ones are also losing. Even the experts are failing to buy or sell at their considered right time. That timing requires long experience. You won't able to determine that within just a few tries. You will be used to doing that soon.
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Lordhermes
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November 19, 2021, 04:16:36 AM |
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Loosing money in crypto trading is not something you will think of,or wonder how it happens,it is something that happen regularly,as long as you are a crypto trader. Every crypto trader losses money in one way or the other while trading.Little mistakes might lead to loss in trading. Inability to read the chart,or ask question,or even risk taking are some of the things that lead to loss of money in crypto. So to avoid these in trading,you must be very careful,make research,learn from people's experiences and you will not encounter so much lose in trading.
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AakZaki
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November 19, 2021, 11:51:51 AM |
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The best option is to go through a fairly high-quality training initially. When I started working with a broker from Amarkets, I chose this option.
What quality training do you mean? whether the training to analyze the market or there are other training. Good training is to know the basics of trading. technical and fundamental analysis and perform some necessary management. If the basics of trading are not understood then the ability to read the market will not be correct. and also experience in trading is also required, try with minimal capital and see how much you will make. There will be losses, but gains will follow.
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