checkmatesir
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January 13, 2022, 12:46:13 PM |
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It is the fact that you will be successful if you give your concentration on that thing which you are doing. So in case of trading if you have certain education then you can handle losses but just think that success always come after struggling more. Always select little amount of capital when you are initially starting trading as it will be easily managed after loss but it will give you good experience.
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AicecreaME
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January 13, 2022, 01:11:48 PM |
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Use the amount of money you can afford to lose for trading. Learn trading and have experience for many months before you will have to choose if to continue or not. But I think you decided to stop. Trading is very risky, it takes from people than give, I mean the total number of people and the total number of people that are losing.
The best can be to just hold. You can always be patient, let the market fall and invest at bear time, the market will rise and you will definitely make profit. You can as well have a plan like investing more as the bear market continues so profit will be the net result in bull time.
Patience can help while dealing with cryptocurrencies.
Thank you for your advice. There's going to be a good result. To add up, you shouldn't really hurry on learning up everything because this doesn't talk about few days or months before you could get a good grasps on this market.This do involves a long span of days making out those trial and error because trading is hard and cant really be handled out on just few tries that's why quitting wont really be a solution but rather learning out from those mistakes. Yeah, we aren't on the situation on where you are now but it wouldn't be bad to at least having some retrying out again but on a much wiser condition. I agree. But a year of pure heartaches because OP seemed gained nothing from it is exceptional, if he thinks he needs to quit, then I guess we should just respect that. On the other note, if OP really wants to pursue his trading career, I guess he needs a lot of money in order to gain enough experience to make profits in Trading. I recommend stock trading rather than futures, because it's better for me to slowly but surely profits than a high risk high reward one.
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rhomelmabini
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January 13, 2022, 03:46:28 PM |
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Trading for a year might be long if you really done it everyday for over a year but if not I guess it's still a short-lived one for you. Well, it's your choice and who we are to hold you on that, of course we will respect it. Trading isn't really for all and this thread is a proof on that.
OP, the crypto market will still be here, if you want a comeback it will totally welcomes you again.
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The Cryptovator
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January 13, 2022, 04:23:58 PM |
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Earning money still exists hard whether it's online or in real life. If you have only money but don't have experience of how to use it then you can't make more money. Rather than you would lose by using it wrongfully. On the other hand, if you have enough knowledge but don't have enough money then also hard to apply your knowledge and experience. Trading crypto is harder than earning in real life. Most of the traders are at loss. It's because we thought it's a very easy thing and trade the wrong way. But day by day we learn many things from there where we lost and why. We can't keep enough patience during the trade and that's the reason behind the most loser trader. However, since you learned hope you can make decent money now from the trading.
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Peanutswar
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January 13, 2022, 05:16:18 PM |
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In making a trade don't settle only on a single strategy there's a lot of possible ways to earn and take a risk to your trading still its better to make awareness on every trade you made not all the time bullish market gives you a profit always analyze the market to have an idea what are the upcoming trends. If you think it's trading is not to you and taking a lot of risk it's better to have a take a rest and patience, not all trades all about emotions consider the possible given information to keep you are.
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ranaprime
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January 13, 2022, 08:30:03 PM |
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I just add the proverb that "failure is the pillar of success". I think you will appear shortly as you are a crypto dreamer. A great day is waiting for you.
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Rockstarguy
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January 14, 2022, 06:50:13 AM |
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To be successful in trading is not about having money(capital) , what matters is to have the knowledge of the trading as to get direction of what you ate doing. Experience also matters in trading, one can learn more from his loss and gain as he/she trade over time. Learning how to trade is the basic thing not just having money.
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R |
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Zilon
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January 14, 2022, 07:26:46 AM |
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I wished you took a break with the intention of going to develop on your strategy before coming back to trading. But it sucks to discover you are ending the career already. Trading might be very risky but it's not safer anywhere it only takes good knowledge to excel in any discipline and trading is not an exception. I might suggest I would rather say you go learn some more then come back with an amount you can afford to lose other than waste the knowledge you have gathered
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BuNga_cute
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January 14, 2022, 10:12:40 AM |
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It is the fact that you will be successful if you give your concentration on that thing which you are doing. So in case of trading if you have certain education then you can handle losses but just think that success always come after struggling more. Always select little amount of capital when you are initially starting trading as it will be easily managed after loss but it will give you good experience.
Trading is not just buying at a low price and selling it at a high price, because trading is complicated and not as easy as we imagine. Therefore, to be a successful trader, we really have to focus on trading. We have to do our best, never stop learning how to trade well from various sources. So that we really understand how to make a profit from trading. It is true that we should start trading with small capital, because if we experience a loss, it can be considered a learning cost. Because sometimes when starting trading we experience several losses first, after that we can start learning how to avoid losses by correcting the mistakes we make. The conclusion is that achieving success in trading does require sacrifice and hard work. If we can get through it all, happiness and success will come naturally.
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michellee
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January 14, 2022, 11:02:33 AM |
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To be successful in trading is not about having money(capital) , what matters is to have the knowledge of the trading as to get direction of what you ate doing. Experience also matters in trading, one can learn more from his loss and gain as he/she trade over time. Learning how to trade is the basic thing not just having money.
So knowledge is important if we want to succeed, not just in trading but also in other fields. If you want to succeed in trading, there is nothing you can do except learning as much as you can about trading to improve your trading skills. If you do not have capital but have skills in trading, you can increase your capital by slowly from trading and I am sure you can have much capital in the future. I see many people can trade better but they do not have much capital but they can prove that they can make much money from trading.
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boyptc
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January 14, 2022, 11:13:41 AM |
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If you're getting stressed looking at the charts, avoid it and just look at it for a few times. Maybe in a day, avoid to look at it as much as you can because you're just going to get stressed as you've said. I've been there and done that and that's why you need to do something such as avoiding it to help yourself.
In trading, it's true that once you're used to it, you can earn a lot if you're too experienced with it and as well as got the capital that you needed to have especially if it's a bigger amount.
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Mpamaegbu
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January 14, 2022, 11:44:25 AM |
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Maybe trading isn't for you, OP and that is okay. Trading isn't for me either.
To be frank, trading isn't for anyone at all; if we go by your analysis because one failed at it. Remember that quitters aren't winners and that winners aren't quitters. Every profitable and professional trader was once a loser. It's the same way that every experienced person was once a novice. Don't give up. OP, thanks for sharing that with us. I like the fact that you graded trading experience and skills above capital.
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FanEagle
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January 14, 2022, 01:40:15 PM |
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I want you guys to always follow the trading laws you have experienced and trade by unconditionally.
I failed, but I wish you all a successful investment!
Thanks for your concerns to all the active traders of this community. A trader will remain successful only when following set of rules and resolutions which means you need to be disciplined and self-controlled while trading. Whenever you are about to breach your predetermined rules then you may start losing your status of being a trader and slowly you will become a loser. Being a loser or trader is up to your skills. Trading may not be for everyone but if we keep trying to study and learn it somehow we will be able to win on it maybe in short or long term.
Yeah, trading is suitable only for hard working people who are good in self discipline and self control. Because, following all the principles of risk management is not easier for everyone.
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blackened515
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January 14, 2022, 08:25:51 PM |
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I have come to realised that trading is not for everybody. Of course yes because if you observe closely, you will notice that some people are excelling in Daily trading, making good profit. While some other people keep losing, no matter how hard they try. I remember years back when I gave trading a try, I kept losing huge amount. But I don't think the OP have to keep up on Crypto, you can probably get involved in long term Investment. Buy at low price, be patience till the price pumps and then sell. Although, long term usually takes a lot of time, but is indeed profitable.
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kawetsriyanto
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January 14, 2022, 09:42:07 PM |
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Trading requires many things, including knowledge, experience, readiness, good management of funds, and emotions. Sometimes, we only expect for taking profits in trading, but in fact, trading is not only about taking profits but also about risks of losing. Many people can gain high profits but many can also lose much money. This is not only based on how long we are doing trading and having the experinces. But how we are doing the trading itself. How we manage the strategy and also evaluate our strategy whether it is working very well or not. If we are always experiencing loss, there must be something that is wrong.
When we are thinking about it and we are assuming that it is enough, just stop and quit. This is better than forcing yourself to do tarding again. We cans top trading in order to save other money and maybe will come to trade again once we are really ready again with new strategy and knowledge. good luck.
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kapalmabur
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January 14, 2022, 09:56:06 PM |
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I started trading crypto from a small capital. enter the stock exchange and then run out because continues to decrease in value. it happened almost a year. maybe almost the same as your experience. but after I learned, I was wrong in determining the asset for day trading or short term. as well as feelings of panic easily when market movements are very volatile. I decided to stop for half a year. then return with a larger capital. I tried to fix my mistake. learned about short trades from several communities and I'm making continued profits. I think you should find the weakness of the trade that you have been doing. find the solution and you can return to the market for your profit.
Finding our weakness and trying to provide solutions can help us in determining how we can be able to gain profit. Trading may not be for everyone but if we keep trying to study and learn it somehow we will be able to win on it maybe in short or long term. Before I was so scared in trading and just wanted to hold my investment longer but once I started trading it will make you feel too curious and will find ways to make your moves or decisions right. That's right, even though trading is very risky if we have a strong desire and keep trying to learn it's not impossible that we can be successful in trading, everything needs a process and trading is the same so it's better to keep learning
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Fatunad
Sr. Member
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January 14, 2022, 10:26:50 PM |
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I started trading crypto from a small capital. enter the stock exchange and then run out because continues to decrease in value. it happened almost a year. maybe almost the same as your experience. but after I learned, I was wrong in determining the asset for day trading or short term. as well as feelings of panic easily when market movements are very volatile. I decided to stop for half a year. then return with a larger capital. I tried to fix my mistake. learned about short trades from several communities and I'm making continued profits. I think you should find the weakness of the trade that you have been doing. find the solution and you can return to the market for your profit.
Finding our weakness and trying to provide solutions can help us in determining how we can be able to gain profit. Trading may not be for everyone but if we keep trying to study and learn it somehow we will be able to win on it maybe in short or long term. Before I was so scared in trading and just wanted to hold my investment longer but once I started trading it will make you feel too curious and will find ways to make your moves or decisions right. That's right, even though trading is very risky if we have a strong desire and keep trying to learn it's not impossible that we can be successful in trading, everything needs a process and trading is the same so it's better to keep learning But the problem here is that majority of us doesnt really like to wait up for that long which simply means that most of them do really rush up and this is where mistakes do happen. Dont rush up specially in trading but instead you should mind on learning up things along the way.This isnt how thing works and you wanted to be and once you do realize on how things needed to be treated up then you will surely able to handle up yourself well into this very unpredictable market.
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fullhdpixel
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January 15, 2022, 04:55:30 AM |
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Dont rush up specially in trading but instead you should mind on learning up things along the way.This isnt how thing works and you wanted to be and once you do realize on how things needed to be treated up then you will surely able to handle up yourself well into this very unpredictable market.
Yeah, usually crypto traders do focus on only profit making but they do fail in taking enough measurement for not losing their capital. It means they never give priority for setting up stoploss or not choosing the right amount of quantities of coins based on available capital and stoploss levels. This is the reason, rushing up toward picking up right signals led them to get collapsed on the occurrence of any small unexpected fluctuations. In trading, technical analysis is more important for making profits and at the same time not losing the capital by ensuring about following all the basics of trading. There will be no point of making profits once with the help of good TA and then losing it on another trade due to lack of risk management.
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Cling18
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January 15, 2022, 11:54:09 AM |
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Losses will always be part of trading and it's normal to commit mistakes but what is important is that we learn from them. Even trading professionals and knowledgeable about trading still commit mistakes since there's no such thing as perfect trading so don't lose hope if you fail for a couple of times because that's part of the learning process.
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tvplus006
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January 15, 2022, 12:02:55 PM |
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...I failed, but I wish you all a successful investment!
Not everyone succeeds in trading profitably and not everyone talks about their failures in trading. Nevertheless, many continue to study the basics of trading in order to transfer them to practice. Perhaps you will return to trading or find yourself in a different role, for example as an investor.
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░░░░░░░░░░██▄ ▄▄▄▄▄▄▄▄▄▄▄███▄ ▀▀▀▀▀▀▀▀▀▀▀███▀ ░░░░░░░░░░██▀ ░░░▄▄ ▄██▀ ███████████████ ▀██▄ ░░░▀▀ | | | | +250 COINS | | ..Crypto Exchange.. | │ | ▄▄▄▄ ▄▄▄███▀▀███▄▄▄ ▄█████▀▀░▄▄▄▄░▀▀█████▄ ██▀░▄▄▄████████▄▄▄░▀██ ██░████████████████░██ ██░████████████████░██ ██░▀██████████████▀░██ ██░▀████████████▀░██ ▀██░▀██████████▀░██▀ ▀██▄░▀██████▀░▄██▀ ▀██▄▄░▀▀░▄▄██▀ ▀▀██▄▄██▀▀ ▀▀▀▀ | | | │ | |
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