Enter the market with a loss mindset~what you can afford to lose

[Rigon]

You have to enter the trading platform with the interest of profit and loss. Otherwise you will never be able to profit by trading from a trading platform.There are no people who have not lost from the trading platform.With loss, maybe one day you can dream of profit. People are not completely successful in anything.

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[sklopan]

Immediately you need to understand for yourself which strategy to choose, how to work correctly and more profitably. For in fact, this stage is the most difficult.

[AakZaki]

Those which enter this market with the mindset of making a lot of money in a relatively short amount of time cannot even called traders, since they do not have what it is necessary at all to succeed, even if the profits that we can obtain in the markets are without a doubt better than what you can get in other markets, it is a mistake to think that you can get rich so quickly, now I know there are a few cases like that but those people relied on their luck and not their skill to get those results.

Luck may only be obtained once, but not for other luck. Entering the market without trading knowledge will only burn their money. Even though they gain in the beginning, they will also lose in the end, they will lose with other trades. Getting rich quick in crypto is very easy, but to lose everything is also easier. Must be prepared with all risks and must also be prepared with qualified knowledge.

[TelolettOm]

Enter the market with a loss mindset~what you can afford to lose

This title really means many things.
One of the basic things to invest in including cryptocurrency is that we are ready with the risk of loss and we can afford it.
This means wider than we think. It doesn't only require the money that we can afford but also the emotions of losing that we can afford. But, what is about the loss mindset? I am still not really sure about this.
Personally, I will prefer to choose a winning mindset, I will try to earn more and struggle to get profits. that is why I need more knowledge, analysis strategy and also emotional controls. This will lead me better. But, with this condition, I am also ready with all risks that I may get, the risk of losing money or risks of others.

[sklopan]

It should be understood that the market very often cannot be without losses. Alas, many for some reason forget about it.

[Silberman]

Those which enter this market with the mindset of making a lot of money in a relatively short amount of time cannot even called traders, since they do not have what it is necessary at all to succeed, even if the profits that we can obtain in the markets are without a doubt better than what you can get in other markets, it is a mistake to think that you can get rich so quickly, now I know there are a few cases like that but those people relied on their luck and not their skill to get those results.

Luck may only be obtained once, but not for other luck. Entering the market without trading knowledge will only burn their money. Even though they gain in the beginning, they will also lose in the end, they will lose with other trades. Getting rich quick in crypto is very easy, but to lose everything is also easier. Must be prepared with all risks and must also be prepared with qualified knowledge.

This is very common, many newbies come to this market because they have heard stories of other newbies like them which made a fortune by investing in the right coin and obtaining huge profits, so those newbies think that if those newbies could do it then why not them? However even if they are lucky enough to do this they still lack the skills to keep all of those profits, which is why stories of successful newbies losing all their profits after a few years are not rare at all in this market.

[minime0105]

You have to enter the trading platform with the interest of profit and loss. Otherwise, you will never be able to profit by trading from a trading platform. There are no people who have not lost from the trading platform. With the loss, maybe one day you can dream of profit. People are not completely successful in anything.

I don't think the mindset of traders is to encounter loss in trading the aim has always been to make a profit. Using any trading platform to trade you need to have good trading skills, have a good experience, learn the rules in trading before trading,  know when to start trading and know when to end your trade, and avoid trading when the market signal is down this are the few ways you can make profit without incurring losses.

[Kasabus]

Because no one knows for sure, which price is the bottom and which is the top?
We can just buy at the price we expect to be the bottom and take profits at the price we expect to be the top.
No one wants to buy at the top and sell at the bottom, the act of buying and selling comes from your judgment and results in the best answer, not a right or wrong argument in the market.

Last December 4, 2021, Bitcoin had a bad drop from ATH to $42,000, down nearly 40%, and many Altcoins dropped 20-30%, for many investors, this is really like like a nightmare. but calmly looking back, this is not unusual for the crypto market.

From August 2021 to the end of 2021, everywhere you go you will see a lot of people predicting bitcoin will reach 100k - 200k, then most investors just buy more, not sell. But as a result, we have seen, that bitcoin keeps falling in price.

Cryptocurrencies are always like that, it feeds us every day, fattening us up and then eating us with subjectivity and confidence that we are smart enough to beat this market.
But no, capital management is ultimately still iron armor to help us survive in the market for a long time.

Bottom or top is valid only when we have a sell action.
It is the price at which we sell that determines whether the order is bottom or top.
Prices always fluctuate over time and never stand and no one can predict the top or bottom price 100% correctly,
So, when entering the market, prepare yourself not to give up.

:::Crypto Is On Sale:::

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-Duke Khan

Entering the market unprepared will only create further losses on your part, especially if you always think that the market is always up and that the crypto prices are always at their top. If your mindset is like this, you will never come to endure when the market is close to collapse. That is why you should come to the market ready for its bulls and bears, making profits and lose them later on, Otherwise, you will always see yourself giving up in every market condition that triggers your investments to make profits, and that won't make you successful in the long run.

[Zilon]

Because no one knows for sure, which price is the bottom and which is the top?
We can just buy at the price we expect to be the bottom and take profits at the price we expect to be the top.
No one wants to buy at the top and sell at the bottom, the act of buying and selling comes from your judgment and results in the best answer, not a right or wrong argument in the market.

When it comes to predicting Bitcoin price no one can accurately tell what direction the trend will hold to in the future the best that can be offered is mere speculation. From the few experience i have gathered from price fluctuation, following the trend will help tell where a perfect top and bottom price is. Following instinct without analysis is what is affecting trades. Knowing when to sell is another technique to be learnt. Bitcoin is not about buying the dips and selling high. It involves knowing when a dip and high is due.

[Japinat]

One of the biggest mistake traders make is to only think about profit and not a possible loss in case the market goes the opposite way. When you are prepared for a loss, you also get to have a good risk management plan so that you don't lose everything in a single day.

Another thing that affects trader's profits so much is greed and FOMO. People should know when to exit and enter markets to avoid losing every trade.

Greed will always be a part of a trader, its up to him how he can manage it rightly and control it as much as possible. And FOMO comes to those who never know what they are up to from the start. If a trader cannot manage to overcome them, then definitely he'll end up facing crypto disasters. That is why its best to enter the market always prepared not just financially, but also emotionally and spiritually. You will never know when will the market become profitable or not, when will its price surge or drop, so always pack yourself up.

[Rengga Jati]

I think that we can enter the market with the mindset of readiness. Ready for everything that probably will happen in this crypto market. because the crypto market will not go as we always expect.
Losing in the crypto industry is something that is very usual. A losses mindset may be needed as long as we can control it by being ready with all risks that we can actually afford, not other people afford.
We must know our position, ability, and also affordability. Sometimes, we may follow other people in the crypto industry, but not all decisions will depend on others. We must look at ourselves, our possibility and ability at that time, whether to enter or not, to continue or stop.
But, whatever the condition, we must learn more in order to update our thought, knowledge, and also information. This will be very essential for crypto industry development.

[Kimonoe]

Because no one knows for sure, which price is the bottom and which is the top?
We can just buy at the price we expect to be the bottom and take profits at the price we expect to be the top.
No one wants to buy at the top and sell at the bottom, the act of buying and selling comes from your judgment and results in the best answer, not a right or wrong argument in the market.

When it comes to predicting Bitcoin price no one can accurately tell what direction the trend will hold to in the future the best that can be offered is mere speculation. From the few experience i have gathered from price fluctuation, following the trend will help tell where a perfect top and bottom price is. Following instinct without analysis is what is affecting trades. Knowing when to sell is another technique to be learnt. Bitcoin is not about buying the dips and selling high. It involves knowing when a dip and high is due.

right, no one understands when each season ends and experiences a reversal, but we can predict it and speculate on buying. on the other hand of course there are risks that must be borne, so we must be disciplined to dare to cut losses if the market is not in accordance with the analysis, even though it sounds light, but it is difficult to do and requires psychological training to always be disciplined. so that becomes our mindset in trading, between profit and loss in every transaction

[LouVandetta]

So I guess it's all about our mindset, huh? So, rather than thinking that crypto is crashed but more like they're on sale. With that being said, our mindset should be that we're ready to lose our money when we enter crypto world. Sure, our purpose is to get profit, but in the process of that said profit we're going to face a lot of ups and downs, which is why if we've come well prepared I think we're good to go. I mean like it's all going to be sunshine and rainbows and especially with ho the market condition for the past few days or months.

[Mauser]

Bottom or top is valid only when we have a sell action.
It is the price at which we sell that determines whether the order is bottom or top.
Prices always fluctuate over time and never stand and no one can predict the top or bottom price 100% correctly,
So, when entering the market, prepare yourself not to give up.

Not giving up in trading is important if we want to succeed in the long run. There will always be setbacks and periods of losses, it's part of the game. Not even the best trader in the world only make the right call and makes money from all his trades. You are right that the "real" loss only occurs at the time of the sell, so we could hold some coins until they recover and never take a hit. The problem is of course that this is not really efficient. When one of our coin drops in value we need to find out why, is it because of general market movements that send all coins down, or is it because investors lost confidence in that coin? In case the coin is not a good investment anymore, I think it's wrong to keep holding. Sure it might recover one day, but the chances are there are better investment that makes us more money. It's good to accept losses sometime to move on and find new opportunities.

[TheUltraElite]

You have to enter the trading platform with the interest of profit and loss. Otherwise you will never be able to profit by trading from a trading platform.There are no people who have not lost from the trading platform.With loss, maybe one day you can dream of profit. People are not completely successful in anything.

Profit and loss are part of the market and traders though wishing for one most of the time end up with the other. While a lot of factors are involved, one of them is time and it is something that most traders dont wish to give from their side, that is they lack the patience to wait for the proper range to buy in and the profitable price to sell at. Often the ones getting in with the profiting mindset end up buying a hyped altcoin at the top price eventually watching it crash and then lose money.

There in lies the point of prior experience in stock market and dummy trading on crypto. These factors bring in more chances of future profits and less losses. But most of the traders are not coming from these backgrounds.

[ChrisPop]

Capital management and I would say more importantly - risk management are imperative skills for an investor. The latest is even more essential for an active trader.
I think this mode of thinking is wrong. The thing to keep in mind is that we don't have any clue if the market will ever come back to previous lows and/or highs.  We can just judge this to our best knowledge by analysing price history and fundamentals of a certain instrument.

But yes, if you read between the lines --> one needs to be emotionally prepared when entering any market, especially one with the volatility and efervescence of crypto.

[abel1337]

Buying the dip ain't that bad because from $68,000 per Bitcoin, grabbing it for its price now is a steal from me, then hodl if you don't know how to make profits in this kind of market. I agree that you only have to invest the extra amount of money you have in order not to get homeless while waiting for the next bull run. Don't put all the eggs in one basket, like the saying said.

Yeah it's true, Price now is significantly lower than the price during all time high but we can still wait for more for the price to go down. I'm buying bitcoins now on small portions and different price levels, This way I won't regret that I miss the chance of buying bitcoin at a lower price. Buying bitcoin and going broke is just a wrong way to buy bitcoin. Leaving you no money left to support your life could result in selling bitcoin forcefully. I've been there and I change my way of buying bitcoin or other coins.

[Rufsilf]

Buying the dip ain't that bad because from $68,000 per Bitcoin, grabbing it for its price now is a steal from me, then hodl if you don't know how to make profits in this kind of market. I agree that you only have to invest the extra amount of money you have in order not to get homeless while waiting for the next bull run. Don't put all the eggs in one basket, like the saying said.

Yeah it's true, Price now is significantly lower than the price during all time high but we can still wait for more for the price to go down. I'm buying bitcoins now on small portions and different price levels, This way I won't regret that I miss the chance of buying bitcoin at a lower price. Buying bitcoin and going broke is just a wrong way to buy bitcoin. Leaving you no money left to support your life could result in selling bitcoin forcefully. I've been there and I change my way of buying bitcoin or other coins.

Buying in a small portion is a brilliant idea. Although we can afford to wait for the bottom but waiting for that time doing nothing (buying) is definitely a waste of time. And besides, we even don't know when it comes nor do we know the set price of it, who knows we are already at the bottom and we have missed it already. Yet, buying in the current situation encourages you to know how to become patient but for sure, at the end of this season, we got paid off. Things aren't done so easily and only those who can afford to lose something have the chance to survive while the others are resting.

[palle11]

If a person has already decided to start working in the market, it is worth being prepared for various scenarios, including losses. When I started working, I spent a lot of time learning on the demo account of Amarkets broker.

What do you really mean by working in the market? You talking about learning to trade by yourself? Anyway that is a good step, it is better to learn through demo and not to stay by and cry of what is happening or trying to go into pay group and copy trade because that will not help at the end.

[LastKiss]

I love this momentum when we all have our equal chance to grab more altcoins that we love or even the main coin which is Bitcoin. When crypto is in the sale like this many people avoid crypto since they really believe to media that tells Bitcoin is dead bla bla bla.. I pity them when they didn't know the risk and didn't know the opportunity behind that risk and only came back when the crypto price on the new ATH.