Cleo.finance: How to avoid crippling losses when trading?

[Leebabe]

Do your own thorough research and never go all in. Different strategies exist that could work for some persons and won't work for others but the use of stop loss could go for everyone, for it may be a universal strategy

[Questat]

Thanks for this idea mate.
Well, trying to create your own strategy is way better to follow others. As we gain more experience in rea trading the close possible to having our idea of how to make one. Yet, we need to verify the effectiveness of this strategy to prove that it really works.

However, trading is not all about strategies, it certainly needs dedication and a sort of market goal/plan.

[molsewid]

Thanks for this idea mate.
Well, trying to create your own strategy is way better to follow others. As we gain more experience in rea trading the close possible to having our idea of how to make one. Yet, we need to verify the effectiveness of this strategy to prove that it really works.

However, trading is not all about strategies, it certainly needs dedication and a sort of market goal/plan.

If someone is new in trading, there's no hard to try to copy other people way of strategy, sooner or later he will have his own idea. But he needs to be sure that since he is new, he need to trade with small amounts first before going to trade huge numbers. And like what I always said, they need to know that it is not always winning in trading, so he needs to prepare for losses.

[Captain Corporate]

Everyone keeps saying "stop loss" but if you are "trading" then stop loss is futile. Traders should not bel etting machinery takeover, they should be doing everything themselves. Meaning, if they are trading, then they should be right in front of the PC, and checking the trades they are doing. In this case, if they are trading, and in front of the PC, and there is an automatic selling set (stop loss) then whats the point of being in front of the PC? So, they should be checking it all by themselves, and they shouldn't really be doing anything that would be set to auto, and stop loss is something that you set when you are not in front of the PC. I would understand stop loss if you are an investor, but traders should be right there, and stop loss should be way too late, you should be able to intervene all by yourself.

[tomos81]

A few days ago there was a platform called Luna. And their stables were pre-formed UST It was known as Star but its price was upside down. I did not know that the price of stable coin has gone down so much.

So thousands of investors in this organization invested heavily here on the Luna platform and on the UST platform. I ate massive losses from this Luna platform. Sitting on my street with a plate The situation is over.

[Oshosondy]

Do your own thorough research and never go all in. Different strategies exist that could work for some persons and won't work for others but the use of stop loss could go for everyone, for it may be a universal strategy

A trader should always have it at the back of his mind that losses is possible in trading, a trader should use the amount of money he can be able to afford to lose is the first point. Experience helps better than anything else, the more the experience after appropriate learning, research and mistakes will help the trader to have a profiting strategy. Trading is more about experience and losses can not be avoided until more are experienced

[Silberman]

indeed, there are different traders and one will have their own strategy to get their profits. for those who are not using stop loss, they should know what they are doing, because they can easily get liquidated especially if the coin suddenly crashed.
using stop loss wouldn't hurt if you can't keep an eye on all of your trades. it may be your saviour one day.

While it is true that people have different strategies to profit from the markets using a stop loss is one of the concepts that I consider traders must use, and the reason was mentioned by you, we know the volatility of this market can be extreme so if you are not using a stop loss and the market crashes when you are not putting any attention to it the losses can be so huge that you may never recover that money even if you kept trading, so it is better to prevent those losses by the use of a stop loss.

[Questat]

Thanks for this idea mate.
Well, trying to create your own strategy is way better to follow others. As we gain more experience in rea trading the close possible to having our idea of how to make one. Yet, we need to verify the effectiveness of this strategy to prove that it really works.

However, trading is not all about strategies, it certainly needs dedication and a sort of market goal/plan.

If someone is new in trading, there's no hard to try to copy other people way of strategy, sooner or later he will have his own idea. But he needs to be sure that since he is new, he need to trade with small amounts first before going to trade huge numbers. And like what I always said, they need to know that it is not always winning in trading, so he needs to prepare for losses.

For some reason, copy trading is helpful while we are still on the path of knowing trading but this can't be long-term. We indeed value those things that we had learn from others but it was also our responsibility to care for our future and that is not to only just rely on others. Instead, we have to push ourselves to the limit and improve our knowledge and skill in order to make better in this way we can prove that we can manage the stress and losses that we possibly face in trading. Yes, it is to understand that not all the time the market will give us a favor, sometimes we got wrong and lose.

[Next-door]

I thought you are the same account that posted on the thread link you dropped but no , it is another account from that page name BIT-MASTER.

You got it wrong. I liked the post so I shared it with you. And there is a lot of information about trade. Come on, you're wearing a post.

However I have to say from the footnotes that despite all the reading of document and videos about trading, if we don't practice to understand the market and the way TA works with indicators and master our own strategy then we keep losing. Trading is practical not theory.

You are right. You don't just have to do videos and courses. You have to have your own skills You need to have a good knowledge of the market before you can trade. And you have to keep track of everything in the market. The bad news about the market is that the market is likely to go down. And when it comes to bad / good news, some Twitter accounts tell. If you want you can follow the following account.

 

[Oilacris]

Thanks for this idea mate.
Well, trying to create your own strategy is way better to follow others. As we gain more experience in rea trading the close possible to having our idea of how to make one. Yet, we need to verify the effectiveness of this strategy to prove that it really works.

However, trading is not all about strategies, it certainly needs dedication and a sort of market goal/plan.

If someone is new in trading, there's no hard to try to copy other people way of strategy, sooner or later he will have his own idea. But he needs to be sure that since he is new, he need to trade with small amounts first before going to trade huge numbers. And like what I always said, they need to know that it is not always winning in trading, so he needs to prepare for losses.

For some reason, copy trading is helpful while we are still on the path of knowing trading but this can't be long-term. We indeed value those things that we had learn from others but it was also our responsibility to care for our future and that is not to only just rely on others. Instead, we have to push ourselves to the limit and improve our knowledge and skill in order to make better in this way we can prove that we can manage the stress and losses that we possibly face in trading. Yes, it is to understand that not all the time the market will give us a favor, sometimes we got wrong and lose.

Copy trading it isnt bad but majority of people or noobs who do end up on relying on them on the end which they do believe that they could do this all day and on the time that
following is over then making your own decisions would really be the hardest part thats why its sensible that you should really be knowing to trade on your own and make out decisions on point
and not really relying on other people when it comes to various decisions.

[Silberman]

Thanks for this idea mate.
Well, trying to create your own strategy is way better to follow others. As we gain more experience in rea trading the close possible to having our idea of how to make one. Yet, we need to verify the effectiveness of this strategy to prove that it really works.

However, trading is not all about strategies, it certainly needs dedication and a sort of market goal/plan.

If someone is new in trading, there's no hard to try to copy other people way of strategy, sooner or later he will have his own idea. But he needs to be sure that since he is new, he need to trade with small amounts first before going to trade huge numbers. And like what I always said, they need to know that it is not always winning in trading, so he needs to prepare for losses.

For some reason, copy trading is helpful while we are still on the path of knowing trading but this can't be long-term. We indeed value those things that we had learn from others but it was also our responsibility to care for our future and that is not to only just rely on others. Instead, we have to push ourselves to the limit and improve our knowledge and skill in order to make better in this way we can prove that we can manage the stress and losses that we possibly face in trading. Yes, it is to understand that not all the time the market will give us a favor, sometimes we got wrong and lose.

Correct, copying the strategy of someone else and then use it may seem to make sense, however things are never that simple, just because a strategy works and someone else can obtain profits with it this does not necessarily mean that we will obtain profits with it as well, after all the one which designed that strategy did so with themselves in mind, so they created a strategy that completely fits their personality and their knowledge, so someone that is just using it without understanding why the strategy is the way it is will never be able to use it to its full potential.

[nurilham]

This information can be additional consideration and learning. thanks so much.

Actually, in my opinion, the basic thing when we are trading crypto is our readiness for all things. it includes the readiness of knowledge, management, and also emotion.
Management of risk and money is essential. this will lead us to decide what amount to put in every trading position or pair. of course, we will not use all-in because this is high-risk enough and probably will make us one loss at all.
that is why there is no need to put it all in.
Dividing the money into some trading position and also saving money is needed.

[Lubang Bawah]

Crypto trading is a unique thing, the opportunity to rise by thousands of percent in a day can be obtained, instead we can lose 99% in a day or even less, as happened with Luna only takes a week to drop from $ 100 to $ 0,0001, and in my opinion things What we can do is determine the target profit and target loss, what I do is immediately sell when profit is 10% and immediately sell when a loss is 15%.

[GelatikKembar]

Crypto trading is a unique thing, the opportunity to rise by thousands of percent in a day can be obtained, instead we can lose 99% in a day or even less, as happened with Luna only takes a week to drop from $ 100 to $ 0,0001, and in my opinion things What we can do is determine the target profit and target loss, what I do is immediately sell when profit is 10% and immediately sell when a loss is 15%.

LUNA was one of the horrific incidents I've ever experienced, and indeed stop losing is very important,
but when we do it for real and sell at 10% or at -10% it will certainly be difficult to do,
because I believe 90% of traders are dissatisfied with that result and continue to hold until maybe 10x then they sell, and that's a fact that I see.

[lionheart78]

A few days ago there was a platform called Luna. And their stables were pre-formed UST It was known as Star but its price was upside down. I did not know that the price of stable coin has gone down so much.

So thousands of investors in this organization invested heavily here on the Luna platform and on the UST platform. I ate massive losses from this Luna platform. Sitting on my street with a plate The situation is over.

First, sorry for your loss. I believe we have this term called diversification.  It isn't smart to put all our investment funds in one go.  We should always look for other options to invest our funds besides adding more investment won't hurt as long as we can manage them well.  With diversifying investments, if one investment doesn't do well at least we have other investments that may be doing well.

LUNA was one of the horrific incidents I've ever experienced, and indeed stop losing is very important,
but when we do it for real and sell at 10% or at -10% it will certainly be difficult to do,
because I believe 90% of traders are dissatisfied with that result and continue to hold until maybe 10x then they sell, and that's a fact that I see.

Luna is one big example of an incompetent developer. Who is in the right mind will exponentially increase the Luna supply to solve the UST problem.  Terra developers need to relearn the basics of supply and demand. And imagine if we go all-in in this Terra project, we will very be devastated.  But I think for those who are trading with a bot and have a stop loss trigger on, they saved themselves from this Luna devastation.

[AicecreaME]

Great advice.

But the question would be, is that, do all traders could do some discipline to themselves and apply great approaches in trading to avoid crippling losses? That's where the challenge would start.

In this time of bear market, where a lot of red candles (lower highs and lower lows) a lot of traders are confused on what to do to gain back profits. Traders in futures especially, are eating up liquidation messages from binance every single day. The one mistake I've noticed is that they are contradicting the trend, meaning they are entering a long trade even though the market is in short trade, add up the insane leverage just to cope up with their losses which for me is something very risky.

Using a high leverage doesn't mean you could gain back the losses you've suffered on your last trade, I mean you could if your TA is good enough to back you up, but if you're not sure and just randomly entering a trade, it's suicide.

[justdimin]

In this time of bear market, where a lot of red candles (lower highs and lower lows) a lot of traders are confused on what to do to gain back profits. Traders in futures especially, are eating up liquidation messages from binance every single day. The one mistake I've noticed is that they are contradicting the trend, meaning they are entering a long trade even though the market is in short trade, add up the insane leverage just to cope up with their losses which for me is something very risky.

Using a high leverage doesn't mean you could gain back the losses you've suffered on your last trade, I mean you could if your TA is good enough to back you up, but if you're not sure and just randomly entering a trade, it's suicide.

I would guess that buying right now seems like the easiest way out of this market? This isn't an advice from someone with millions of dollars, I am not a great person to listen when it comes to investing, but that doesn't change the fact that you would end up with a loss just because you bought bitcoin and held for a long time.

Looking at the market we can see that it is not a good period to sell, because it is already such a low price, and we all know that bitcoin would definitely go up, it always has. All of these combined means that you are going to make a good profit when you invest into bitcoin and hold for a long time during a bear run and wait for a bull run.

[sklopan]

I think that here the key aspect is in the experience and knowledge of the trader. At the very least, I would try to devote as much time as possible to this.

[BuNga_cute]

Crypto trading is a unique thing, the opportunity to rise by thousands of percent in a day can be obtained, instead we can lose 99% in a day or even less, as happened with Luna only takes a week to drop from $ 100 to $ 0,0001, and in my opinion things What we can do is determine the target profit and target loss, what I do is immediately sell when profit is 10% and immediately sell when a loss is 15%.

That is why crypto trading is a high-risk activity, because highly volatile price movements are difficult to predict. So make sure before deciding
to trade crypto we already have sufficient knowledge and can analyze market movements well. In order to avoid trading in the wrong coins,
and also be able to use effective strategies to generate profits. Hopefully we can learn from what happened to LUNA, to always be careful when
choosing altcoins for trading. Make sure we always use the stop-loss feature when trading, to avoid big losses. Then control our greed by taking profit
if there is an opportunity and don't be too greedy by being obsessed with big profits. Because we can get big profits by accumulating the small profits
we make from trading.

[Yamifoud]

Crypto trading is a unique thing, the opportunity to rise by thousands of percent in a day can be obtained, instead we can lose 99% in a day or even less, as happened with Luna only takes a week to drop from $ 100 to $ 0,0001, and in my opinion things What we can do is determine the target profit and target loss, what I do is immediately sell when profit is 10% and immediately sell when a loss is 15%.

That is why crypto trading is a high-risk activity, because highly volatile price movements are difficult to predict. So make sure before deciding
to trade crypto we already have sufficient knowledge and can analyze market movements well. In order to avoid trading in the wrong coins,
and also be able to use effective strategies to generate profits.

It can be riskier if we don't have knowledge and skill about this and I suggest those who come and try trading must invest their time knowing the market first and have some mentor to assist. I'm not going to say we should have to keep this person forever, it is just the days when we are in the learning process. In this way, we are able to understand how that trading works and simply guide us to a better choice of coins to trade and the basis of it. It can't be simply ( a different view to others) and that is why we need to take this seriously otherwise.