Few Steps To Avoid Losses In Trading.

[jrrsparkles]

I believe the following are the reasons why people fail in trading:

Having no firm plan.
Directly entering the trading market without any prior knowledge
Thinking in the short term.
There is no goal.
Putting money into the trade that you cannot afford to lose.
Making decisions based on excitement, emotions, and unconfirmed information.
Purchasing low-cost coins.
FOMO

And the solution to all of these issues is to join the crypto trading signals group, where professional traders share signals, analysis, and tips on how to trade more effectively. I've been following MyCryptoParadise for a while now because of all the helpful tips and tricks they've given me. Furthermore, regardless of the market, their crypto trading signals are extremely beneficial to me.

All the reasons you have listed above are right but the solution you gave isn't the solution to the actual problem but just to satisfy your financial needs.

Signal groups will make you lose more, don't pay attention to so called expert predictions because there is no expert in cryptocurrencies, just do your own analysis and make money.

[endut15]

yes, those steps are our way to avoid loss in trading. but there are also those who lose in trading due to greed and lack of financial management. trading on any platform of course there will be risks that we have to face, all risks have become the first challenge in trading. but in my opinion, if there is a consistent management that we run in trading, this will minimize the risk in case of unexpected risks.

[Charles-Tim]

If you can stay profitable investing in shitcoins, then why not? After all, its certain to us that shitcoins can give us huge profits even in a short period of time, but we should also take caution and learn to monitor more the market as well so that we won't end up selling them in loss. Smart people never stop themselves from investing in shitcoins, but somehow they are quick enough to determine when those shitcoins become not profitable anymore.

Shitcoins will most likely lead to losses, the best is to avoid such coin, not all altcoins are shitcoins, the altcoins with high liquidity and high marketcap are not shitcoins, why not just go for such coins rather than shitcoins. Although, the best I can recommend is bitcoin which is safer and not volatile unlike altcoins, but shitcoins can be most volatile and yet someone can buy shitcoin and remain of low liquidity and price fall.

[barbara44]

Yeah, when it comes to training on trading, I think it all depends on the person. Some of us will really don’t understand it when we are watching videos or reading contents online, so for people like this,it is always best for them to register for on site classes where they would have to be taught face to face, they can be able to practice on this by having their teachers or mentors to guide them through it while they are there with them, that way it would be more easy.

It wouldn’t be like online where you just watch the video and there are some specific questions you might have, and they won’t be answered.

[Oilacris]

If you can stay profitable investing in shitcoins, then why not? After all, its certain to us that shitcoins can give us huge profits even in a short period of time, but we should also take caution and learn to monitor more the market as well so that we won't end up selling them in loss. Smart people never stop themselves from investing in shitcoins, but somehow they are quick enough to determine when those shitcoins become not profitable anymore.

Shitcoins will most likely lead to losses, the best is to avoid such coin, not all altcoins are shitcoins, the altcoins with high liquidity and high marketcap are not shitcoins, why not just go for such coins rather than shitcoins. Although, the best I can recommend is bitcoin which is safer and not volatile unlike altcoins, but shitcoins can be most volatile and yet someone can buy shitcoin and remain of low liquidity and price fall.

There are people who do really love to play with fire thats why  they do really intent to touch up low cap coins which they are risking it out just because they do love possible multiple folds when it comes to

profits even though the risk is higher then some do knows about that and some who just go with the hype or someone who had recommended that but if we do talk about potential and chances then

we know on how low it is but there are really people who do love to take these paths which its their choice after all.

[darewaller]

All the reasons you have listed above are right but the solution you gave isn't the solution to the actual problem but just to satisfy your financial needs.

Signal groups will make you lose more, don't pay attention to so called expert predictions because there is no expert in cryptocurrencies, just do your own analysis and make money.

Signal groups will end up making you lose so much money and many people do not realize this unfortunately. I personally believe that we should not be focusing on others to make us rich, most of the time it should be something that is we personally find that will make us get rich. Why would anything that others say get us rich when they could keep it to themselves and get rich that way?

Realize that signal groups buy themselves first, then hope that with enough hype on their group, they could make it pumped, and sell, and then they will tell you to sell, and dump. That is why you should always stay away from those type of places at all times.

[Rengga Jati]

1) Have good knowledge about Trading: In order to avoid losses in trading,
Note: Learn To Earn.

This is the basic thing when we are going to trade or even invest in the crypto industry or even other businesses. Without good knowledge, we may do trading only based on hype, following other people, and also like gambling because of luck only.
Learning not only about trading knowledge but also crypto in general, some ways to analyze the market both technical analysis and also fundamental analysis. And this may be not easy that is why it needs a continuous learning process.

2) Trade With Well Known Trading Platforms Only: To avoid losses as a trader, ensure you trade with the recognized trading platforms, e.g, Bitfinex, Binance, Huobi, Coinbase, Bittrex, kucoin

Exactly, many newbies are trapped on the small exchanges until they lose their funds, their assets, and also probably their trust in the crypto industry. Moreover, if the exchange is a small and non-reputable exchange, this will be very risky,

[topman21]

I have my basic tips for trading

• 1. Avoid being part of any social media platform that is giving only their speculations. Learn from your own. Just get knowledge to become dependent to them
• 2. Invest in your knowledge
• 3. Trade what you afford to lose.
• 4. Make a trading plan
• 5. Learn basic fundamentals.
• 6. STOP LOSS and TAKE PROFIT

We know how so hard to make a trade that this might affect our emotional, mental and physical state to making a decision in trading. Always make sure you are suitable to make a trade don't make a transaction if you think you doubt.

I have found many arguments in your words. In order to trade, you must withdraw the signals that will be given to you by different media or from different sites.You just have to be more discriminating with the help you render toward other people.If you do not have a good understanding of trading then there is no need for you to trade.Then at that moment you will lose your funds.If a trader follows the mediums that you have mentioned then he will be able to walk the path of trading without any difficulty.

[doomloop]

Trading is treated same as gambling. They have huge risks and guaranteed earnings at all times are not possible with them. If only a 100 percent win rate is possible, all of us are now going to switch to trading and all of us are going to be rich in no time. If one's stop loss is tight, that means that he will only lose less but a small loss is still considered as a loss although it can be easily recovered.

That’s just how the market is meant to be, there will always be people who are losing and there are also those who will be making money. When you are losing there is someone else who is making money, that is just the market for you.

And it is much better that you experience small loss, than a huge loss, because small losses can easily be recovered as you have said, and if you are able to make use of stop loss the right way, this tool would go a long way in helping you. What really matters is if you are making profit at the end of the month, and not really what you have achieved in a day.

[Silberman]

I believe the following are the reasons why people fail in trading:

Having no firm plan.
Directly entering the trading market without any prior knowledge
Thinking in the short term.
There is no goal.
Putting money into the trade that you cannot afford to lose.
Making decisions based on excitement, emotions, and unconfirmed information.
Purchasing low-cost coins.
FOMO

And the solution to all of these issues is to join the crypto trading signals group, where professional traders share signals, analysis, and tips on how to trade more effectively. I've been following MyCryptoParadise for a while now because of all the helpful tips and tricks they've given me. Furthermore, regardless of the market, their crypto trading signals are extremely beneficial to me.

All the reasons you have listed above are right but the solution you gave isn't the solution to the actual problem but just to satisfy your financial needs.

Signal groups will make you lose more, don't pay attention to so called expert predictions because there is no expert in cryptocurrencies, just do your own analysis and make money.

Correct, there are two solutions to all of those problems, the first one and the easiest out of the two is to recognize your lack of ability and stop trading, this way you are not going to fall in all of the mistakes a trader makes during their career, the second option is to dedicate a huge amount of effort to study the markets and learn to trade on your own, it is not easy but it is the only solution that allows you to obtain profits in any market.

[Kasabus]

Trading is treated same as gambling. They have huge risks and guaranteed earnings at all times are not possible with them. If only a 100 percent win rate is possible, all of us are now going to switch to trading and all of us are going to be rich in no time. If one's stop loss is tight, that means that he will only lose less but a small loss is still considered as a loss although it can be easily recovered.

That’s just how the market is meant to be, there will always be people who are losing and there are also those who will be making money. When you are losing there is someone else who is making money, that is just the market for you.

And it is much better that you experience small loss, than a huge loss, because small losses can easily be recovered as you have said, and if you are able to make use of stop loss the right way, this tool would go a long way in helping you. What really matters is if you are making profit at the end of the month, and not really what you have achieved in a day.

You won't be trading just for short term profiting but it should be for long term. However, if you trade with shitcoins, expect that the profits will only be temporary. And no matter what you do in trading, there will always be losses that's inevitable. The good thing is, if you trade with the right coins, you will learn to maximize your gains over your losses. That makes trading different from losses.

[Oceat]

Trading is treated same as gambling. They have huge risks and guaranteed earnings at all times are not possible with them. If only a 100 percent win rate is possible, all of us are now going to switch to trading and all of us are going to be rich in no time. If one's stop loss is tight, that means that he will only lose less but a small loss is still considered as a loss although it can be easily recovered.

That’s just how the market is meant to be, there will always be people who are losing and there are also those who will be making money. When you are losing there is someone else who is making money, that is just the market for you.

And it is much better that you experience small loss, than a huge loss, because small losses can easily be recovered as you have said, and if you are able to make use of stop loss the right way, this tool would go a long way in helping you. What really matters is if you are making profit at the end of the month, and not really what you have achieved in a day.

You won't be trading just for short term profiting but it should be for long term. However, if you trade with shitcoins, expect that the profits will only be temporary. And no matter what you do in trading, there will always be losses that's inevitable. The good thing is, if you trade with the right coins, you will learn to maximize your gains over your losses. That makes trading different from losses.

Those who trade at short term will gain little profit than losses so I think it's not advisable if the strategy is not fit to what you want to achieve. And choosing altcoins/shitcoins over Bitcoin is a bad choice if you are really planning to make some huge profit in the future that means holding Bitcoin for a long time. Bitcoin price may drop but when it's time to pump the return is more than what you think you would deserve so make a plan and strategy if you really want to trade wisely with crypto.

[nur rochid]

Trading is treated same as gambling. They have huge risks and guaranteed earnings at all times are not possible with them. If only a 100 percent win rate is possible, all of us are now going to switch to trading and all of us are going to be rich in no time. If one's stop loss is tight, that means that he will only lose less but a small loss is still considered as a loss although it can be easily recovered.

That’s just how the market is meant to be, there will always be people who are losing and there are also those who will be making money. When you are losing there is someone else who is making money, that is just the market for you.

And it is much better that you experience small loss, than a huge loss, because small losses can easily be recovered as you have said, and if you are able to make use of stop loss the right way, this tool would go a long way in helping you. What really matters is if you are making profit at the end of the month, and not really what you have achieved in a day.

You won't be trading just for short term profiting but it should be for long term. However, if you trade with shitcoins, expect that the profits will only be temporary. And no matter what you do in trading, there will always be losses that's inevitable. The good thing is, if you trade with the right coins, you will learn to maximize your gains over your losses. That makes trading different from losses.

the use of stoploss will indeed give us a healthy trade, so that either profit or loss the graph will certainly be readable, this aims to correct ourselves with the learning developments that we have been doing so far. therefore it is very important the meaning of discipline to improve the quality of our trading, so that losses if they occur can be measured, as well as the profits we achieve

[Hypnosis00]

It is very clear that trading is risky, no matter what we do, no matter how careful we are and apply those things that OP had mentioned, this still won't give such assurance. Might to say we can minimize our losses but not in a thing that we can avoid it as certainly was a part of trading journey. Whether we like it or not, it actually exists in real life.

The thing that we can do is to always be prepared, learn from our mistakes, and take action to help prevent them.

[GiftedMAN]

...

Without a doubt this is good advice, I will also say that having a defined level in which you will not tolerate more losses and cut them, also known as a stop loss, is very important if you plan to make money for the long term on this market, and the reason for this is simple, many traders do not like to admit they did anything wrong and when they are facing some losses instead of closing their trade they keep it open expecting for a reversal, and when it happens and they avoid losing a small amount of money they are happy about it, but eventually they will find out that the market does not always makes a reversal and instead of the price plummets, and that is when they lose a massive amount of money.

@Silberman thanks for the encouragement and contribution. Traders must learn to close their trade when the market is not favorable to them, otherwise, they will keep more than what they should have lost. Setting a stop loss helps better.

[carlisle1]

Those who trade at short term will gain little profit than losses so I think it's not advisable if the strategy is not fit to what you want to achieve. And choosing altcoins/shitcoins over Bitcoin is a bad choice if you are really planning to make some huge profit in the future that means holding Bitcoin for a long time. Bitcoin price may drop but when it's time to pump the return is more than what you think you would deserve so make a plan and strategy if you really want to trade wisely with crypto.

Considering the time of holding, Bitcoin is still the best asset to invest your money, there are many other projects that you can choose

but if you do like holding and waiting, top coins are best fit to that kind of investment. Long hold, but the benefits will surely let you enjoy.

It's on how willing you are taking the extra patience while waiting for your asset to grow according to how you perceive and how you

anticipate the delivered profits.

[Oceat]

Those who trade at short term will gain little profit than losses so I think it's not advisable if the strategy is not fit to what you want to achieve. And choosing altcoins/shitcoins over Bitcoin is a bad choice if you are really planning to make some huge profit in the future that means holding Bitcoin for a long time. Bitcoin price may drop but when it's time to pump the return is more than what you think you would deserve so make a plan and strategy if you really want to trade wisely with crypto.

Considering the time of holding, Bitcoin is still the best asset to invest your money, there are many other projects that you can choose

but if you do like holding and waiting, top coins are best fit to that kind of investment. Long hold, but the benefits will surely let you enjoy.

It's on how willing you are taking the extra patience while waiting for your asset to grow according to how you perceive and how you

anticipate the delivered profits.

If choosing a certain project makes you think it's worth it, you should think again because most of them aren't as useful and profitable like Bitcoin or Ethereum. Most of them just pump because of the hype but after that it will just dump and there's no way it will grow back again. It's not worth the risk and if you want to gamble then proceed at your own risk because we've been warned already that those altcoins were good at pump and dump and nothing else.

[Finestream]

Let me add one more

Do not trade with shitcoins

If you trade with shitcoins, it can be the beginning of losses, if the trade does not favour you, you could have lost most of your trading funds until you realize what shitcoins are.

Some coins are also just like not rising during bull run but continue to be stagnant or fall, until the bear crypto begin and the shitcoin continue to fall more than others. That would indeed be a pain in the ass.

If you start with trading shitcoins, then you can't expect that you won't experience losses somehow. Although trading with shitcoins may also profit sometimes, but if you are thinking for long term profits, then always trade with bitcoin and potential altcoins. That way, you know their value will never dump so much, but when it happens, they will also recover once the market starts to become stable. But for shitcoins, they will always stay dumping most of the time.

[AmoreJaz]

Let me add one more

Do not trade with shitcoins

If you trade with shitcoins, it can be the beginning of losses, if the trade does not favour you, you could have lost most of your trading funds until you realize what shitcoins are.

Some coins are also just like not rising during bull run but continue to be stagnant or fall, until the bear crypto begin and the shitcoin continue to fall more than others. That would indeed be a pain in the ass.

If you start with trading shitcoins, then you can't expect that you won't experience losses somehow. Although trading with shitcoins may also profit sometimes, but if you are thinking for long term profits, then always trade with bitcoin and potential altcoins. That way, you know their value will never dump so much, but when it happens, they will also recover once the market starts to become stable. But for shitcoins, they will always stay dumping most of the time.

you are always in panic mode if you are trading with sh*tcoins because one wrong move, and you will end up losing all your funds. it is as if you have no peace with yourself when youre dealing with this type of coin. better go for much solid project where you have the assurance that they will not disappear overnight. but just look at UST & LUNA today, many investors lost their life's savings because of the current price in the market. we can't say they are shitcoin because they are like one solid project and yet, they are losing heavily in the market. so yeah, we can't really be sure nowadays but we can limit our losses with our choices.

[Oilacris]

Let me add one more

Do not trade with shitcoins

If you trade with shitcoins, it can be the beginning of losses, if the trade does not favour you, you could have lost most of your trading funds until you realize what shitcoins are.

Some coins are also just like not rising during bull run but continue to be stagnant or fall, until the bear crypto begin and the shitcoin continue to fall more than others. That would indeed be a pain in the ass.

If you start with trading shitcoins, then you can't expect that you won't experience losses somehow. Although trading with shitcoins may also profit sometimes, but if you are thinking for long term profits, then always trade with bitcoin and potential altcoins. That way, you know their value will never dump so much, but when it happens, they will also recover once the market starts to become stable. But for shitcoins, they will always stay dumping most of the time.

you are always in panic mode if you are trading with sh*tcoins because one wrong move, and you will end up losing all your funds. it is as if you have no peace with yourself when youre dealing with this type of coin. better go for much solid project where you have the assurance that they will not disappear overnight. but just look at UST & LUNA today, many investors lost their life's savings because of the current price in the market. we can't say they are shitcoin because they are like one solid project and yet, they are losing heavily in the market. so yeah, we can't really be sure nowadays but we can limit our losses with our choices.

As long you arent dealing with leverage or futures then you wont really be making yourself liquidated but if you are doing spot then chances of recovery would be still there.

You wont be losing your investment on a short span of time since decrease or crash do happen gradually which means you could still have that chance on getting out.

Losses is something that could not really be avoided when you do trade but what matter most is that you do able to make yourself to be profitable in the end of the
day despite of losses.