What have been your crypto trading experience

[mr_enoc]

Accepting losses or moving forward for some trades.
I have this behavior before that is like I am marrying my altcoins or some trades which I always changing my mind where I will cut loss, this is the major mistake I have done before.
That's why before entering a trade, I always finalize my stop loss and target price.

New traders or old traders always encounter losses. There is no permanent position in trading. The price of bitcoin and altcoins is not permanent. So therefore, it is normal to gain and to get some losses. But, what most important is, you are getting some techniques from what you've already experience from your previous Trading experiences.

[Oceat]

Accepting losses or moving forward for some trades.
I have this behavior before that is like I am marrying my altcoins or some trades which I always changing my mind where I will cut loss, this is the major mistake I have done before.
That's why before entering a trade, I always finalize my stop loss and target price.

New traders or old traders always encounter losses. There is no permanent position in trading. The price of bitcoin and altcoins is not permanent. So therefore, it is normal to gain and to get some losses. But, what most important is, you are getting some techniques from what you've already experience from your previous Trading experiences.

Yes, knowledge and experience are the best one you could get when trading it is important that you learn them as early as possible. The market won't be like a milking machine that you think anytime you could get what you want since all of them are traders just like you. Of course, when trading there's always a winning and losing part but the most important one is if you keep track of your winnings. Make sure that you have a high percentage of winning compared to losing.

[taufik123]

-snip-

But at least you have to minimize the loss so that it doesn't become a big loss. All traders can indeed experience losses, but the profits obtained must also be greater than the losses that have been experienced. Experience is indeed the best teacher to be able to learn better. Master the technical analysis and fundamentals, then the trade will go well and understand what to do. Never trade without having the knowledge, it will just be a waste of money.

[passwordnow]

New traders or old traders always encounter losses. There is no permanent position in trading. The price of bitcoin and altcoins is not permanent. So therefore, it is normal to gain and to get some losses. But, what most important is, you are getting some techniques from what you've already experience from your previous Trading experiences.

If you're taking it seriously, your losses will be one factor in learning the better things in trading. You do remember that it's not always winning and losing.
You're right that every position that we do is not permanent. You could be down by today and dwelling in losses but eventually, you're just learning the harder way.

[sklopan]

During my work, although it is quite small for me, I already have enough experience. The market changes so often that getting used to one thing is quite difficult.

[jaberwock]

New traders or old traders always encounter losses. There is no permanent position in trading. The price of bitcoin and altcoins is not permanent. So therefore, it is normal to gain and to get some losses. But, what most important is, you are getting some techniques from what you've already experience from your previous Trading experiences.

If you're taking it seriously, your losses will be one factor in learning the better things in trading. You do remember that it's not always winning and losing.
You're right that every position that we do is not permanent. You could be down by today and dwelling in losses but eventually, you're just learning the harder way.

Learning is only done if you check "why" you lost as well. Just losing doesn't mean that you will get better, if you do not look why you lost and what was your mistake then you are not going to be making anything back. However, if you are going to end up making some examples out of it and you are going to end up with a better understanding of what is wrong and what is right then you are going to end up with a profit for sure.

This is the thing about crypto and trading, if you are working on it even if you earn, then you are going to get better, even after 10 years you still need to study and learn, that would be the way to get better in the long run and stay good forever.

[CaVO32]

New traders or old traders always encounter losses. There is no permanent position in trading. The price of bitcoin and altcoins is not permanent. So therefore, it is normal to gain and to get some losses. But, what most important is, you are getting some techniques from what you've already experience from your previous Trading experiences.

If you're taking it seriously, your losses will be one factor in learning the better things in trading. You do remember that it's not always winning and losing.
You're right that every position that we do is not permanent. You could be down by today and dwelling in losses but eventually, you're just learning the harder way.

Learning is only done if you check "why" you lost as well. Just losing doesn't mean that you will get better, if you do not look why you lost and what was your mistake then you are not going to be making anything back. However, if you are going to end up making some examples out of it and you are going to end up with a better understanding of what is wrong and what is right then you are going to end up with a profit for sure.

This is the thing about crypto and trading, if you are working on it even if you earn, then you are going to get better, even after 10 years you still need to study and learn, that would be the way to get better in the long run and stay good forever.

That makes sense. If you don't know where the mistake came from, you won't know the lesson why you lost such trade. So yes, it is better to understand why you incurred your losses and what should be done next. Those lessons will be your tips the next time you trade. But of course, you can still make the same mistake as you may not know some other factors that are in play in that particular coin. But if you won't give up and use the knowledge and tricks that you've acquired, one day, you will use them unconsciously that will give you edge in your trading.

[savetheFORUM]

New traders or old traders always encounter losses. There is no permanent position in trading. The price of bitcoin and altcoins is not permanent. So therefore, it is normal to gain and to get some losses. But, what most important is, you are getting some techniques from what you've already experience from your previous Trading experiences.

While gaining experience is good we must also remember and make sure to cash out the profits from time to time otherwise you just had good memories and no money in hand. There are times when I regret not selling my assets at the right time because I got too greedy and later the price dropped and I was never going to sell them for a loss at all when I knew I could have made some good money instead.

My crypto trading experience tells me that nothing is permanent and one shouldn't be emotionally attached to their assets because if you miss the peak there is no shame in selling them for lesser profits rather than waiting too long and left with no option but to close the trade for loss in the end.

[slaman29]

While gaining experience is good we must also remember and make sure to cash out the profits from time to time otherwise you just had good memories and no money in hand. There are times when I regret not selling my assets at the right time because I got too greedy and later the price dropped and I was never going to sell them for a loss at all when I knew I could have made some good money instead.

My crypto trading experience tells me that nothing is permanent and one shouldn't be emotionally attached to their assets because if you miss the peak there is no shame in selling them for lesser profits rather than waiting too long and left with no option but to close the trade for loss in the end.

But that's the basic point in trading: enter at a specific target and more importantly exit at a specific target. This means if you make a trade you already know the price you will close the trade, whether that's at profit or loss.

If you're just entering and hoping only for profit, you're in for a bad time.

Profits shouldn't be "time to time" but planned well in advance. And if trades don't go your way, then minimise losses.

It's called limit

[Wakate]

Over some time, I have tried to understand and take advantage of the many possibilities in cryptocurrency trading this emerging venture has helped many to reach their goals. What is the most valuable experience that has been a guide for your cryptocurrency trading?

One of my trading experience that I will never forget is greed. This had affected my trading faculty many times and had made me to lose a lots of money without me knowing. Trading is very interesting but sometimes we can make mistake or due to ignorance do the wrong thing that will make us have loses that are inevitable.

The experience I've gained in trading had made me to ask questions whether ever I'm doing things that I'm nit certain about. It is better to ask questions than to fall astray from the right track.

[fullhdpixel]

This is the thing about crypto and trading, if you are working on it even if you earn, then you are going to get better, even after 10 years you still need to study and learn, that would be the way to get better in the long run and stay good forever.

I completely agree with that point. Crypto trading and its dynamics are changing almost every day and it's not possible to decorate a strategy and play around with it for too long because the market is changing quickly and it's about time you need to make changes or you will start losing money instead of earning it.

A few years back it was all about the brand new ICOs and now it's about meme coins while in the future I can see the market shifting more towards the problem-solving blockchains and projects. So, you have to adapt quickly based on where the market is shifting because no matter how good your strategy or investment is, if others are not buying the token you hold, you will lose money eventually.

[rojan]

Before I traded in crypto before I was familiar with Forex trading, when trading forex I got hands-on training so it was easy to understand charts and some popular analyzes which when there is crypto trading there are many similarities, of course there is a lot of experience that we can get from trading crypto because we must always update with the latest news to be able to profit.

If we discuss forex trading in the cryptocurrency market, you will notice that there are some things for training, there are many similarities with them, but here is the experience of forex trading. But yes, there are old people here, especially those who are stingy, but whenever they want to get into stingy training, they make it easy for them.  Be able to learn

[lixer]

at least you have to minimize the loss so that it doesn't become a big loss. All traders can indeed experience losses, but the profits obtained must also be greater than the losses that have been experienced. Experience is indeed the best teacher to be able to learn better. Master the technical analysis and fundamentals, then the trade will go well and understand what to do. Never trade without having the knowledge, it will just be a waste of money.

Exactly my point, it is literally almost impossible for any successful trader to go on straight  successive trades without losses. There is bound to be lots of losses and as a matter of fact, losses are what makes trade what it is, so it is very normal, very natural and acceptable to experience down times in trade but what is not acceptable is having losses greater than your profits, it exactly means there’s something wrong about the trade which you are not applying or doing right.

[Oilacris]

at least you have to minimize the loss so that it doesn't become a big loss. All traders can indeed experience losses, but the profits obtained must also be greater than the losses that have been experienced. Experience is indeed the best teacher to be able to learn better. Master the technical analysis and fundamentals, then the trade will go well and understand what to do. Never trade without having the knowledge, it will just be a waste of money.

Exactly my point, it is literally almost impossible for any successful trader to go on straight  successive trades without losses. There is bound to be lots of losses and as a matter of fact, losses are what makes trade what it is, so it is very normal, very natural and acceptable to experience down times in trade but what is not acceptable is having losses greater than your profits, it exactly means there’s something wrong about the trade which you are not applying or doing right.

Successive wins or simply no losses do only happen in dreams which cant really be possible once you are in reality.Even professional traders or veteran ones do really experiences losses which is something inevitable.

The thing on here is that people should really make use of their skills and knowledge on lessening out the odds of losing and that what matter the most because perfect trades doesnt exist.

Experience would be similar into each other and success will vary on how you do make decisions and analysis on it.

[Ziskinberg]

Successive wins or simply no losses do only happen in dreams which cant really be possible once you are in reality.Even professional traders or veteran ones do really experiences losses which is something inevitable.

The thing on here is that people should really make use of their skills and knowledge on lessening out the odds of losing and that what matter the most because perfect trades doesnt exist.

Experience would be similar into each other and success will vary on how you do make decisions and analysis on it.

Well, that seems natural as no matter hard we do, still can't be perfect and that was because of the market volatility. It was, therefore, before taking trading we've been aware of and expecting such a possible scenario rather than being surprised.

Just one of my friends told me yesterday that he bought Luna a month ago, he holds it thinking that it rises more but what a surprise it abruptly changes the trend and turns back to almost nothing. Now, it was to realize that there is no such PERFECT word that exists in trading, sometimes I think about LUCK.

[aylabadia05]

Managing emotions and accepting every risk that comes. That's very important. The last time emotions arose was during the incident that befell TERRA LUNA. It was the biggest risk I've ever had. Unexpectedly, after I added TERRA LUNA's crypto portfolio, it wasn't long before everything fell apart.

In trading, making purchases according to ability and based on the desired target to be achieved will be able to make us balance between emotions and risk.

[judaspriest]

Managing emotions and accepting every risk that comes. That's very important. The last time emotions arose was during the incident that befell TERRA LUNA. It was the biggest risk I've ever had. Unexpectedly, after I added TERRA LUNA's crypto portfolio, it wasn't long before everything fell apart.

In trading, making purchases according to ability and based on the desired target to be achieved will be able to make us balance between emotions and risk.

When seeing Terra Luna drop drastically, everyone who has the coins must feel the same way,
I think at that time it was difficult to control emotions and that was normal because no one expected something like that to happen to Terra Luna,
I agree with you and before taking a risk we need to know how big the risk is and it is important to consider everything

[aylabadia05]

Managing emotions and accepting every risk that comes. That's very important. The last time emotions arose was during the incident that befell TERRA LUNA. It was the biggest risk I've ever had. Unexpectedly, after I added TERRA LUNA's crypto portfolio, it wasn't long before everything fell apart.

In trading, making purchases according to ability and based on the desired target to be achieved will be able to make us balance between emotions and risk.

When seeing Terra Luna drop drastically, everyone who has the coins must feel the same way,
I think at that time it was difficult to control emotions and that was normal because no one expected something like that to happen to Terra Luna,
I agree with you and before taking a risk we need to know how big the risk is and it is important to consider everything

A well-thought-out plan and a clear target can be a strategy that will make us ready to take risks.
It's a cycle that will occur at any time in trading activities and the events that happened to Terra Luna can be used as a valuable lesson that unexpected things can happen. For me, only Bitcoin, Ethereum and Binance Coin have lower risk than other cryptos.

[sklopan]

I think that now experience generally plays one of the key roles. It should be understood that most often traders make decisions based on experience, and this is important to understand.

[rby]

Cryptocurrencies trading has changed alot these. It is not what it used to be when the industry started. Since the institutional traders came in many things have changed. The volume of trade, Liquidity and other factors no longer coloration easily.
Trading strategies used by bots are faulted every now and then. So, the market is more riskier and more profitable to the big hands but more riskier and less profitable to the weak hands.