How do I not lose money in trading cryptocurrency?

[Obito]

Trading is depends upon mostly the way someone performs to it and the strategies the trader follows in trading,

This is the golden rule for trading, it depends on the person and you don't know if you try if it's going to work for you so it's better if you discover your own and at the same time you don't try other strategies. Another one that I think everyone can use to avoid big losses is to check the movement of the market, if it's going up for awhile now, better if you hold on and see what happens next.

[milewilda]

Trading is depends upon mostly the way someone performs to it and the strategies the trader follows in trading,

This is the golden rule for trading, it depends on the person and you don't know if you try if it's going to work for you so it's better if you discover your own and at the same time you don't try other strategies. Another one that I think everyone can use to avoid big losses is to check the movement of the market, if it's going up for awhile now, better if you hold on and see what happens next.

You wouldnt know unless you do try and the golden rule of this crypto market is that never invest on the amount that you cant afford to lose as always
and we know that any investment does have particular risk of losing money and crypto isnt on exemption which means that  you would really be needing
to be wise on making out decisions and losing is inevitable but what matter most on here is that you do end up on being profitable in the end of
the day on higher percentage chances so that you would able to sustain.

[Fivestar4everMVP]

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 I was to answer you in a short sentence, I did say that "the only way not to loose money in trading is not to trade at all"

With that being said, you just have to know what you are doing, it's as simple as that, try as much as possible not to trade blindly, this is one of the major ways or reasons people loose money in trade, when you decide to buy or sell a coin, what is your reason?, do you just make that decision because you think that coin would rise Or fall? Or do you have some good fundamentals or news, anything positive or negative to back your decision?
This is one of the ways to lower(remember I said lower) your risk of loosing money in trade.

[jaberwock]

let us admit the fact that even if you are a good trader, at one point you will also incur losses.
It may be the strategy or the situation, but we can't 100% achieve of no losses in trading.
You just want to minimize losses as much as possible if you can't avoid it.
And most of the time, people panic once they see the reddish market. And they sell even at a loss.
If you are long enough in this market, you will always expect the up and down movements.
And take advantage once you are on the positive side. Even if the profit is not that big, it is much better rather than sell it at a loss.

I would assume that the best case in this situation would be making more profit then your losses. Let's assume you made 100 trades and each of them had the same amount of result, 100 dollars loss or win, then making 51 profits and 49 losses would mean you are in profit. Most people try to not have that many losses and try to have a better ratio, but that doesn't really matter when we are talking about mostly making a profit.

So, if you had 10+ thousand dollars in trade, and you had 250 dollars in profit, that is good enough, it doesn't matter if your total profit was 1000 and losses were 750, as long as you ended up in profit. That is what I am trying to do, try to be always in positive even if I end up losing sometimes.

[2double0]

You don't want to lose money trading cryptocurrencies?
I have the best answer for you, don't trade. If you will never trade, how will you lose anything? If you can't quit trading, pile it in your mind that losses are a part of trading just like profits, so you cannot be that perfect so to stop yourself from losing even once.

[Alisha FR]

To be able to get a profit is not that easy, not only the knowledge that we have. We must have patience, eliminate greed and have a sense of commitment to the targets we want to achieve. Talking about making mistakes in trading is beyond analysis. But all have a solution, which is to hold on until the market recovers. And here you have to have extra patience.

[MFahad]

Simple answer is , when you not sell cryptocurrency belowbthan buy rate. This need some trading rules which you should apply to not lose money.
First of all only use Extra money from your need in cryptocurrency.
Second always buys those coins which are fundamentally strong.
Always buy in dip ams wait for breakthrough to get profit.
Never sell in panic no matter how market behave.

[LastKiss]

Simple answer is , when you not sell cryptocurrency belowbthan buy rate. This need some trading rules which you should apply to not lose money.
First of all only use Extra money from your need in cryptocurrency.
Second always buys those coins which are fundamentally strong.
Always buy in dip ams wait for breakthrough to get profit.
Never sell in panic no matter how market behave.

All of them is really easy and simple to think than to be done  , most of us always panic sell when bear market happening which we should avoid no matter what. We should do some research about the coins before start trading and learn basic trading will help you in the future or having some friends to guide you will better.

[andriarto]

Ups and downs in investment, I think are normal, but if we fall, the main value is how we can rise from adversity, and if we are successful in doing so, we will pass many lessons that can be taken. from that lesson we can use it for the next trading capital so as not to experience the same error, so that we can consistently make profits, and an established trading psychology is formed

[arbifahrozy]

Risk is associated with crypto currencies, so we invest only what we are able to afford in case of loss, but we can still make money if we know how crypto markets work, and most importantly, we have to stay up to date on news because overall market can change if there is bad news.

[Mamun74]

Token price up and down,it is not impossible fact coz it is normal matter. So importantly YOU need patience. When you start trading or holding then you need to keep patience and control your emotion cox greedy and impatient trader or holder loses his money.If you have enough patience i Think, you can get profit from trading in cryptocurrency.

[Mahanton]

Token price up and down,it is not impossible fact coz it is normal matter. So importantly YOU need patience. When you start trading or holding then you need to keep patience and control your emotion cox greedy and impatient trader or holder loses his money.If you have enough patience i Think, you can get profit from trading in cryptocurrency.

Patience is all you need for you to sustain this very unpredictable market but that wont be something that can be acquired or able to withstand
uncertainties and doubts in regards with your actions or decisions to be made along the way.and dont try to be perfect because theres no way for someone to become a perfect trader because of volatility then we do really experience losses but what matter most on here
is that you do make profits with your trades and this should be your primary goal.

[SmokerFace]

Well, trading markets are always uncertain. We can't exactly predict what is going to happen. Trading required full concentration and focus on the work. We have to keep our eyes on the market while trading. Also, proper knowledge of trading is also important. The first step to learn then on trading. So trading without proper knowledge and information can result in loss and disappointment. But you can take guidelines regarding the ups and downs of the market on the forum where the experienced traders have shared their experience.

[Luqman]

Trading required full concentration and focus on the work. We have to keep our eyes on the market while trading. Also, proper knowledge of trading is also important.

Indeed. Those are some basic requirements in trading, each trader must understand them well. In my opinion, updating information and having proper knowledge are the most important things in trading. We know that there is always much hot news in crypto every day, it may influence the market trend and crypto coins prices. Missing updated news may lose the best moment to buy or sell our coins. While having knowledge, is indeed the main factor to determine whether to trade properly or not.

[LUCKMCFLY]

Token price up and down,it is not impossible fact coz it is normal matter. So importantly YOU need patience. When you start trading or holding then you need to keep patience and control your emotion cox greedy and impatient trader or holder loses his money.If you have enough patience i Think, you can get profit from trading in cryptocurrency.

You are right, the truth for now the market has a lot of volatility and since most of the times emotions give a great surprise, however it is difficult to ask for patience from a person who has a token that when he sees the BTC one is completely bearish. In a market like that of now, where everything is a great uncertainty, where the panic reigns not only to lower the price, but also the enormous fundamental of Covid19 with its new variant, this causes most markets to fall.

[arditiyan]

In trading, losing money is certain.  however, the most important thing is that we minimize the loss.  the best way is to be able to manage and control trades so that they don't get caught up in lust.  I think this is one of the main conditions for trading to keep going and not losing money fast.

[BitcoinAccepted]

In trading, losing money is certain.  however, the most important thing is that we minimize the loss.  the best way is to be able to manage and control trades so that they don't get caught up in lust.  I think this is one of the main conditions for trading to keep going and not losing money fast.

Definitely, losing money is part of trading, whether we like or not. The reality is throughout every trader’s journey, incurring losses will occur from time to time, because that’s the way it is. With the. Volatility of the market, even with the knowledge and experience a trader has, lose can still be experienced. Nothing is certain but trying to manage and control not only trades, but the emotions, patience and decisions we take and follow can be a huge step in minimizing the losses and capacity to recover from such.

[doremonchina]

You will find crypto specialists everywhere of the Internet You might see as this difficult to accept yet there are no genuine crypto specialists. Cryptos are excessively unstable for anybody to have the option to precisely anticipate their costs. So do your own exploration.
At the point when you think back in time everything appears to be exceptionally coherent and self-evident. You might lament not having purchased Bitcoin at $1,000 or not having sold it at its pinnacle This lament will waste your time. Do your examination and in case you feel that a specific crypto is underestimated then get it Or in case you believe it's exaggerated then sell it.

[pgbit]

you can be saved by loss with patience. Because Patience plays important role in Trading. The second method is you should buy in Dip. I saw many people bought on Hype. buying on Hype is very risky that's why you should try to buy in Dip.

[Rehan Zakir]

Follow any person or a crypto trader that have professional experience about trading. Then learn their trading tricks and apply it on your portfolio with small amount. A amount that you can afford to lose. So, use that amount and start your trading journey. Trading is not so simple. But learning will increase your earning.