What did you learn about crypto trading?

[jossiel]

No one can skip losing.

Just as you've said, the experienced traders can't avoid losing but they can minimize it based on what they've learned over the years of trading.

That's the advantage that they have and minimizing the potential loss. There's no one that can have a 0% of loss because in reality, we all are going to loss no matter how good you are in trading.

Yes, it is true, no one has loss as much as 0%. Pro traders who have years of experience have also experienced losses, but they have been able to control money management in their trading.

It's the advantage for them.

They can do anything based on their capability to avoid getting huge loss. The matter to them is that they have to do whatever they can to minimize the losses.

Inexperienced ones, can't accept that they've already lost so they try to recover it as much as they can. That's the difference of them between, inexperienced and experienced.

[sayaya17]

No one can skip losing.

Just as you've said, the experienced traders can't avoid losing but they can minimize it based on what they've learned over the years of trading.

That's the advantage that they have and minimizing the potential loss. There's no one that can have a 0% of loss because in reality, we all are going to loss no matter how good you are in trading.

Yes, it is true, no one has loss as much as 0%. Pro traders who have years of experience have also experienced losses, but they have been able to control money management in their trading.

It's the advantage for them.

They can do anything based on their capability to avoid getting huge loss. The matter to them is that they have to do whatever they can to minimize the losses.

Inexperienced ones, can't accept that they've already lost so they try to recover it as much as they can. That's the difference of them between, inexperienced and experienced.

Pro traders are familiar with all situations that occur in the market, they are familiar with crypto trading very well. So even experiencing losses,
pro traders can control their emotions and will not rush to make decisions. The conclusion is that for people who are experienced in the trading world
like a pro trader, the opportunity to be more successful is very large. because they have learned how to generate maximum profit.

[jossiel]

~snip~

Pro traders are familiar with all situations that occur in the market, they are familiar with crypto trading very well.

Well, they wouldn't be called pro if they don't know how to assess the situation and if they're not familiar with trading.

So even experiencing losses,
pro traders can control their emotions and will not rush to make decisions. The conclusion is that for people who are experienced in the trading world
like a pro trader, the opportunity to be more successful is very large. because they have learned how to generate maximum profit.

Yes and that's where everyone is going. The newbies that are determined of what they're doing and can see themselves far in trading, they'll be the same as the pros today.

They might come to many obstacles but if they don't give up, it's going to be a plus to them when they continue until they've experienced almost every downfall.

[rasta221]

The lesson I learned was to be more patient.
Waiting for good buy/sell opportunities was tough and i think I learned to trust my own strategies and not change my stop loss every time

[cheezcarls]

Trading is not just to earn but also to learn. If you have learned about markets and traded them for over two years, I believe you have a lot of experience and you have learned a lot about it. Trading can be a deceiving profession because you can earn a lot through this and it could change your living but don't forget the fact that if you do not spend the time to learn, you’ll just waste a lot of time and money.

Sometimes newbie in trading  have the wrong mindset. They are just trying to make money as fast as possible, because they think trading can make them rich quickly which is definitely wrong perception.

During the time I started trading in crypto, I didn't think of making huge money instead I was thinking how to trade successfully and how to avoid losses so that I can keep my small capital secured. In other word, I was afraid of losses. Spending time to learn and understand technical analysis, the trading view platform,and a market as a whole has shown me that making a living and earning good profit is possible in crypto market.

I've also learned that Trading is not an easy money machine. It always need your time and effort and most important you have a lot of knowledge, strategies, patience and self discipline. If you are able to enter, you should also determine your trade exit.

The lessons that I’ve learned the most about cryptocurrency trading is all about risk management, decision making and testing our emotions whether if we missed out the pump or experiencing a negative portfolio. There is no perfect strategy in cryptocurrency trading. No promises or guarantees whatsoever.

The so-called “experts” and “gurus” out there can just simply guide you in some scenarios if that specific coin or token goes up or down. But either way, there are no astronomical guaranteed returns and their analysis and predictions aren’t accurate at all.  And also, stay away from those paid “signals”.

[Mauser]

I learned a lot about trading since I started to invest in crypto currencies. Before going into cryptos I had a little experience with trading stocks and futures, but nothing compared to the fast moving crypto markets. There are some rules I learned over the years being involved with: First, don't put all your money into one projects, it is better to spread your the funds across multiple projects to reduce overall risk. Second, even after spending tons of hours reading and researching about a new project and the market conditions, we can never know everything, it helps to prepare for some uncertainty. And third, take a break after losing money. It is very hard to consistently avoid emotions and not to think about mistakes when we lost money. Usually when having a bad trade we try to recover that money, what in many cases leads to even more loses. When focusing on losses we forget about risk and get tunnel vision.

[Xxmodded]

I learn trading from Youtube and Telegram channel discussion, I see many people recommended to buy some coin and I made research to know is worth coin for investing or not. Binance telegram exchange market discussion there are very worth because many people recommended with new coin listing every day, but keep make your research to know about good or not about some coin project.

[Sebas.tian]

Here are some of the things i learnt from crypto trading:
1: How to carry out personal research: I learnt how to carry out personal research before trading my coins which has been helping me to make a good profit from my investments.
2: How to be patient : I have learned how to be patient with  market price, so that i will not make mistakes like other  traders who  experienced failure in their trade for not exercise patient with  the market price.
3: How to make a good profit: I learnt how to make a good profit from crypto trading by buy coins when the price is low and hold for the price to increase higher before sell to make a good profit.

[Issa56]

Seriously trading is not really a easy task, when I started learning how to trade I really lost alot of money because then I don't really have anybody to guild me and am not really the type that learn faster by watching tutorials on YouTube so I really wasted alot of money just because I was learning how to trade which really helped me because I have to learn it in a hard way and the mistakes that was happening before are not really happening now. What I will tell any newbies reading the post you should learn everything about cryptocurrency trading yourself, you shouldn't be expecting trading signals from anybody because most of them are just fake and they always request for money before giving you. Just believe you can do it and definitely with time you will do it.

[Smitty Werben Man Jensen]

I learn trading from Youtube and Telegram channel discussion, I see many people recommended to buy some coin and I made research to know is worth coin for investing or not. Binance telegram exchange market discussion there are very worth because many people recommended with new coin listing every day, but keep make your research to know about good or not about some coin project.

That's what we should do and suggestions from other people should not be taken for granted without doing research first,
discussion is important and it can increase knowledge too,
not a few people who only rely on words or suggestions from other people without doing research first and in the end they lose

[rby]

Seriously trading is not really a easy task, when I started learning how to trade I really lost alot of money because then I don't really have anybody to guild me and am not really the type that learn faster by watching tutorials on YouTube so I really wasted alot of money just because I was learning how to trade which really helped me because I have to learn it in a hard way and the mistakes that was happening before are not really happening now. What I will tell any newbies reading the post you should learn everything about cryptocurrency trading yourself, you shouldn't be expecting trading signals from anybody because most of them are just fake and they always request for money before giving you. Just believe you can do it and definitely with time you will do it.

I am sorry for your bad experience and how you lost money learning how to trade. Many newbie have lost money by trading when they don't know how to read. Trading is very risky and only few people makes good profits from it. Is not everyone that has the endurance to learn. Many of them want it quick and they request for signals.

[Silber]

- If you can't control your emotions, then your emotion control you

- take out the emotion and make decision based on probability

- it's always probability and never certainty

- be humble and always consider that you are wrong

- everything can be true, but the opposite also can be true

- Occam's razor https://en.wikipedia.org/wiki/Occam%27s_razor

- if you make a lot of money, don't tell anyone - don't tell anyone that you are in crypto (the risk of getting robbed ist serious)

- get risk free if it pumps, take the initial investment out (e.g. sell 33% if it makes a 3x, or sell 20% if it make a 5x, or sell 10% if it makes a 10x)

- you will never buy at the lowest point and sell at the highest point, you just have to ride the wave and get out of the water before it's get messy

- you get rich by selling too early, because the people who buy it from you must also have hope for rising prices

- reinvest your gains - compound effect is powerful, never cash out and buy luxury things

[Rockstarguy]

One of the things I always put at the back of my mind is not to trade with fund I cannot afford to lose, I take this very important . Also I don't force myself on things I know I can't really handle it, like when the market is somehow complicating I don't force myself to trade just because I need some profit,  I don't let greed to make decisions for me.

[dbc23]

I have come to understand trading is a two way thing no matter how experienced you are losses is a sure expectation. Learning is just the only way to keep the loses minimal and by learning I mean continuous learning and also trading is one profession too that needs attention because divided attention can only cause tension in the midst of retracement if when the trade is in the analyzed direction

[jaberwock]

The lesson I learned was to be more patient.
Waiting for good buy/sell opportunities was tough and i think I learned to trust my own strategies and not change my stop loss every time

You're doing good.

If you find effective the strategies that you have come with, there's no need for you to stop. Well, stop loss is very much needed.

What you need to learn next are the differences of the analysis and the types of it, as you do good with your own strategies.

That will make you have a variety strategy as you trade.

No need to stop but stop loss in needed. That's witty . Indeed why would you stop when you are continuously reaping benefits? A wealth can easily go down though so we need to be sure that we are earning sufficient enough before we retire. Not just in success but to also in failure, it is not a reason to give up because you wont never learn it but failure supposed to motivate us to try harder.

In the case of stop loss, it is much important to have it in trading because we traders are rushing or we do not waste time. Every minute is important for us to earn but not using stop loss can be fine if done with investing because they are the opposite of trading.

[FLoving]

One of the things I always put at the back of my mind is not to trade with fund I cannot afford to lose, I take this very important . Also I don't force myself on things I know I can't really handle it, like when the market is somehow complicating I don't force myself to trade just because I need some profit,  I don't let greed to make decisions for me.

Not trade with funds which you cannot afford is one point but the actual thing which you will learn about trade is that do not ever greed for any coin if it is on its rally because if the rally started then it is also possible that at the point at which you are going to put money may be the peak and the price may stop there and then come back. Always when you see the price rising wait to see that what happens and then if your interested in created in it then take a good time to study the past and future of that coin and study that which business is backing that coin. That is what I often learn from my trade.

[nhaila]

I have been involved in cryptocurrency trading for many years. One of the things I've learned from a few years of experience is that when it comes to trading, you should never go into extravagant trading. In this case you will control and trade from within your budget.

[Peanutswar]

One of the things I always put at the back of my mind is not to trade with fund I cannot afford to lose, I take this very important . Also I don't force myself on things I know I can't really handle it, like when the market is somehow complicating I don't force myself to trade just because I need some profit,  I don't let greed to make decisions for me.

Not trade with funds which you cannot afford is one point but the actual thing which you will learn about trade is that do not ever greed for any coin if it is on its rally because if the rally started then it is also possible that at the point at which you are going to put money may be the peak and the price may stop there and then come back. Always when you see the price rising wait to see that what happens and then if your interested in created in it then take a good time to study the past and future of that coin and study that which business is backing that coin. That is what I often learn from my trade.

If you think you are not capable to make a  trade like not emotionally, mentally, or physically good to make a trade its not ideal to make a trade because your decision making is very important to commit a trade. Also, you can set a limit for your trade, for example, is use an isolated trade with a safe leverage only. Again one of the best to have features in trading is the TP and SL so better to use it.

[Rehan Zakir]

I am in crypto industry industry from last 4 years. I have learnt lot of things from my experience. Our failures give us lesson. Trading is not a easy task. We need to learn technical analysis and fundamental analysis for trading. Technical analysis give us signal about buying and selling signals.
First you have to learn about necessary tools of trading. Then start your trading career. Without learning you cannot earn. So, learning is very important. In trading we need to control on our emotions. Don't be greedy. Take an entry in market when you feel its the right time for entry otherwise stay away from market.

[galambo]

I have come to understand trading is a two way thing no matter how experienced you are losses is a sure expectation. Learning is just the only way to keep the loses minimal and by learning I mean continuous learning and also trading is one profession too that needs attention because divided attention can only cause tension in the midst of retracement if when the trade is in the analyzed direction

Trading is not everyone job, only experience (that comes from long money in crypto over the time) traders can handle it.
It is estimated that 95% of traders lose money — and yes, Bitcoin is certainly not immune to the same market forces and human emotion. .

The lesson which I learned from my few trading transactions are that I am not suitable guy for this. I switched myself from trading to HODLing  very early and that helped me in minimizing my crypto loss.