Few Steps To Avoid Losses In Trading.

[AicecreaME]

Good pointers.

Sticking to these things you mentioned will indeed gonna bear fruits in no time. However, if an individual will be overcome by his greed and emotions while trading, everything that you've mentioned will be discarded, and what's gonna come next is losses, that's how traders lost their composure and lose their all foundation because they forgot where they started. That's why discipline is important, patient, and emotion control.

[Pandu Geddon]

Good pointers.

Sticking to these things you mentioned will indeed gonna bear fruits in no time. However, if an individual will be overcome by his greed and emotions while trading, everything that you've mentioned will be discarded, and what's gonna come next is losses, that's how traders lost their composure and lose their all foundation because they forgot where they started. That's why discipline is important, patient, and emotion control.

it seems that greed and emotion are the main enemies of a merchant. even for those accustomed to trading.
meaning that the main thing that must be mastered by every trader is self-control. not to be greedy. because everyone has different emotions. I also get carried away sometimes when trading and that traps me in losses.
almost like we also enjoy the atmosphere at the gambling table. until we run out of curiosity, then we will feel satisfied.

[Rockstarguy]

The main thing that I would advise you to devote enough time to is training. In my opinion, this aspect is extremely important and clearly requires preparation and work on the result.

Here, but if we enter any work, our greatest need is to be patient, if we can be patient, it will be seen that here we will succeed in everything, but without patience, you and I will not be able to do any business here, so if we are training here.  Most of you here, if you know how to handle it, the first thing you need to do is to be patient, always keep a cool head, and keep a cool head, and keep testing.  I think there will be a lot of damage

Without us realizing it, patience is really very important and not everyone can do it consistently.
it takes practice and of course need to keep trying,
it seems trivial but to do it is not that easy especially when the market is down you need to be patient and stay calm

When the market is down one have no choice than to wait for  a while till it add value for some profits to be gained. If one sees it difficult to have patience to wait that means the person will always be at loss when the market is bearish. A trader needs to develop self to have the habit of having patience to avoid losses.

[dunfida]

The main thing that I would advise you to devote enough time to is training. In my opinion, this aspect is extremely important and clearly requires preparation and work on the result.

Here, but if we enter any work, our greatest need is to be patient, if we can be patient, it will be seen that here we will succeed in everything, but without patience, you and I will not be able to do any business here, so if we are training here.  Most of you here, if you know how to handle it, the first thing you need to do is to be patient, always keep a cool head, and keep a cool head, and keep testing.  I think there will be a lot of damage

Without us realizing it, patience is really very important and not everyone can do it consistently.
it takes practice and of course need to keep trying,
it seems trivial but to do it is not that easy especially when the market is down you need to be patient and stay calm

When the market is down one have no choice than to wait for  a while till it add value for some profits to be gained. If one sees it difficult to have patience to wait that means the person will always be at loss when the market is bearish. A trader needs to develop self to have the habit of having patience to avoid losses.

One of the most important thing to be done when you are on to this market is that having that good emotional control or discipline.Some might be ignoring this basic stuff but once your emotion is highly affected then

you would definitely able to do things which you arent expecting for it to happen or to be done which might result into losses instead.IF we could just simply hold on and dont tend to check out the market every now

and then there's no way that you could really make out some panic selling decisions but instead you would really be seeing some opportunity on accumulating coins while its still cheap.

[Desmong]

The most important step that will be useful in the future is to pay attention to gaining experience. I think this is very important for a trader

Just like you have written, this is one of the most important steps when it comes to gaining more knowledge and experience from the market. It is very important to look at learning more from the market which is the experience aspect of learning while also reading books and attending seminars to gain more knows about trading to prevent possible loses in the future.

[blockman]

Actually, by making mistakes, in this case in trading, you can learn from it so that you can avoid making the same mistakes in the future. It's not like you can be a better trader in just one one, it takes time and a lot of learnings.

It's still possible that you can commit the same mistakes and that's totally fine. But sure, the experiences will teach us a lot of things and if you will apply it in trading, you'll be the one to experience how you will avoid the same mistake or at least mitigate the impact that it can give to you if ever you fail again.
You can count on it sometime in the future if you'll be able to remember the lesson that you've learned from that mistake in the past.

[minime0105]

The main thing that I would advise you to devote enough time to is training. In my opinion, this aspect is extremely important and clearly requires preparation and work on the result.

Here, but if we enter any work, our greatest need is to be patient, if we can be patient, it will be seen that here we will succeed in everything, but without patience, you and I will not be able to do any business here, so if we are training here.  Most of you here, if you know how to handle it, the first thing you need to do is to be patient, always keep a cool head, and keep a cool head, and keep testing.  I think there will be a lot of damage

If you have no knowledge about trading,no amount of patience can guarantee you successful when venture into trading. I think the best thing to do generally is to equip yourself with all the basic informations about trading, you can possibly go for trading tutorials to learn, practice then lastly get a spare amount of money for your investment but remember you don't need to use all you have to trade so that you won't be stranded when lose funds as a result of bad trading strategy or unforeseen occurrences.

[Lanatsa]

The main thing that I would advise you to devote enough time to is training. In my opinion, this aspect is extremely important and clearly requires preparation and work on the result.

Here, but if we enter any work, our greatest need is to be patient, if we can be patient, it will be seen that here we will succeed in everything, but without patience, you and I will not be able to do any business here, so if we are training here.  Most of you here, if you know how to handle it, the first thing you need to do is to be patient, always keep a cool head, and keep a cool head, and keep testing.  I think there will be a lot of damage

If you have no knowledge about trading,no amount of patience can guarantee you successful when venture into trading. I think the best thing to do generally is to equip yourself with all the basic informations about trading, you can possibly go for trading tutorials to learn, practice then lastly get a spare amount of money for your investment but remember you don't need to use all you have to trade so that you won't be stranded when lose funds as a result of bad trading strategy or unforeseen occurrences.

Success on trading can be considered if you are really able to make yourself sustain in the market and wont matter on what kind of behavior or strategy you've been using as long you do ending up on this way then

doesnt matter.Losses are inevitable because its been part of the process because there's no such thing about being a perfect trader thats why all you do need is to sustain yourself despite of the condition.
You shouldnt try yourself to be perfect because that would really create some desperation which is something that you should avoid as much as you could.

[nurilham]

Honestly, although we have learned much about crypto trading and we have analyzed it very carefully, it will not guarantee that we will not lose at one time. But, yes it is true that it may decrease the risks of losing.
I also agree with some points that you have written above, moreover about this:

4)  Understanding The Power Of Risk Taking:

Additionally, there are also some other aspects to cosndier. They are about your management and control of your money and also emotions. Sometimes, bad emotion can break all of good strategies and knowledge

[minime0105]

-snip

Gaining experience is certainly good and a trader can be a successful trader by gaining experience in trading. If you want to read the market properly, it will not be possible without knowledge of the market. And the experience does not come in one day or is not possible to acquire, it has to be taken from the market by facing the real situation. And in order to achieve all this, it is important to have patience, because if a trader does not have patience, he/she will not be able to connect with the market properly.

As the saying goes, mistake is your best teacher. People sometimes are afraid to try a new things, especially if they have no knowledge about the things they wanted to do.
Actually, by making mistakes, in this case in trading, you can learn from them so that you can avoid making the same mistakes in the future. It's not like you can be a better trader in just one, it takes time and a lot of learning.

I do not agree with this, it is not wise for you to try what you do not know not even something that your investing with your hard-earned money,for example, you wouldn't buy a car and decide to start driving without learning how to drive thats  gambling. You are supposed to learn from other traders' mistakes, not your own mistake, you can do better if you learn not to invest on this you no nothing about, invest in coins that has good history and Bitcoin should be more in your portfolio.

[Oshosondy]

I do not agree with this, it is not wise for you to try what you do not know not even something that your investing with your hard-earned money,for example, you wouldn't buy a car and decide to start driving without learning how to drive thats  gambling. You are supposed to learn from other traders' mistakes, not your own mistake, you can do better if you learn not to invest on this you no nothing about, invest in coins that has good history and Bitcoin should be more in your portfolio.

It is just true that mistake is the best teacher, but if you know already that mistake is not avoidable in trading, you should know that you should start with low amount of money. No matter how smart someone can be, he can not escape that newbie trading experiences of losses, he will trade, use some strategies but will lose more than gain until experience starts to help. This thread is not about investment though, it is about trading, but a good advice.

[sklopan]

The main thing to do is to pay attention to training. I think that this is what needs attention to work.

[milewilda]

The main thing to do is to pay attention to training. I think that this is what needs attention to work.

Pay attention to everything because you cant really able to enhance or improve yourself because this is they key for someone who would really able to make yourself way more better in future trades.
Avoiding losses isnt bad yet this had been our primary focus or goal because nothing on this market could able to avoid such scenario because we know that losing is inevitable
and instead of freaking out then its better to learn up something out from it because if you dont welcome out losses and mistakes then you wont really be making
yourself to be that progressive.

[Leebabe]

Those are good steps. Make your own personal research on coins, even those that may be trending at a particular point in time because you might find out something that not a lot of people would find. Try to have a good entry point that even if there's a loss it wouldn't be much. Always make sure your profit is more than your loss. Try creating a plan as to how you want to trade. Get every possible experience and strategy you can get in trading

[Assmosis]

Losses will always be part of your trading, but you can avoid them if you learn from your mistakes and have a strong risk management strategy. Half of your losses occur because of your poor trading approach. Correct that and focus on your learning, you will see the results.

[Hamphser]

Losses will always be part of your trading, but you can avoid them if you learn from your mistakes and have a strong risk management strategy. Half of your losses occur because of your poor trading approach. Correct that and focus on your learning, you will see the results.

Correct!
Mistakes or errors are you stepping stones on becoming a good trader because you wont learn nothing if you wont be having no experience with these errors and thats why its really important that you should really make
yourself to be that open minded or having a good control of emotions because once you do have problem on this one then you wont really be able to be that progressive which is something not
really that surprising and dont try to be perfect because there's no such thing about having no loss trader.

Its always there no matter how good you are, the only thing that you should mind is on how to sustain yourself in the market or simply being profitable despite of the losses you do have.
Lessen it as much as you could.

[Smartvirus]

First of all, I would advise you to devote enough time to learning. This aspect is essential for success. When I started working with a broker from Amarkets, I worked on a demo account for a long time to get a positive result.

Yeah, that's the step to it, trading your inexperience and over zeal to trade on DEMO. It would help especially when your able to come up with a strategy or pattern of trade that are able to yield you good results, be cognitive of them and then you could have some wins in the Livetrade. There you get to understand that there was one place the demo didn't get to do more work on. The feeling that your actual money could be lost in the market and be really gone. Hande that and your almost complete to. Every other day trading would become a day of test of how well you've learned.

[Rockstarguy]

First of all, I would advise you to devote enough time to learning. This aspect is essential for success. When I started working with a broker from Amarkets, I worked on a demo account for a long time to get a positive result.

Their is nothing more than spending time in learning, time wasted to learn pays a lot . I think spending time to learn with demo account is a good way to practice trading and to be skillful.  Some beginners feels demo account can't offer much to learn trading skill, they jump into the real trading to get the real experience thinking it is what can be handled and it eventually becomes tough. No need to rush   it is better to spend much time to be perfect.

[carlisle1]

First of all, I would advise you to devote enough time to learning. This aspect is essential for success. When I started working with a broker from Amarkets, I worked on a demo account for a long time to get a positive result.

Their is nothing more than spending time in learning, time wasted to learn pays a lot . I think spending time to learn with demo account is a good way to practice trading and to be skillful.  Some beginners feels demo account can't offer much to learn trading skill, they jump into the real trading to get the real experience thinking it is what can be handled and it eventually becomes tough. No need to rush   it is better to spend much time to be perfect.

By doing those practice trades, you are also practicing how can you deal with patience. Those who jump right away to live trades

will suffer from huge losses and then realize that learning the hard ways can be avoided if they spend a longer time doing those practices,

If you have that opportunity to keep enhancing your knowledge, it's better to work on it before jumping into conclusion or deciding to

start your trade with lesser knowledge.

[wiss19]

You can follow up on what's going to happen with the crypto world, and some advices, suggestions, tips or whatever you want to call it. But know that at some times, even the most normal and "should" things end up being not so correct. This is why it is highly suggested for people to keep their emotions in check, their knowledge in check, and just go with the flow of the market at certain periods.

I am not saying that you should not check advices or anything, there are amazing suggestions here, and in other topics as well, and if you read up on all answers or so, you will perfect your trading. All I am saying is that, it is not always like that at all times.