Do Not Lose Everything Youve Gained in One day, or One Trade

[Franctoshi]

The worst mistake one can make as a trader is chasing the market to recover losses, If you lose a trade, learn from it and take it as your fault.
Trading really fucked with me back days as a newbie until when I got to know this secret, Which is protecting your trading capital.
I was this trader who never bothered that much when most time I blew my account because I was working and seeing money on a regular basis before my salary would drop, so it was just like I was trading with spare money so little did I feel it, But after that I changed a job and that regular money was no longer coming but mainly on monthly basis, that was when I understood the importance of protecting my capital and started proper management of risk, and stopped trading with high leverage that I was using, and since then, I never blew my capital.

 

[Mr.right85]

The worst mistake one can make as a trader is chasing the market to recover losses, If you lose a trade, learn from it and take it as your fault.
Trading really fucked with me back days as a newbie until when I got to know this secret, Which is protecting your trading capital.

Even as a trader with far much experience, they could mess with you too.
The idea that follows always use your experience as a back up, beating your chest to use that and do a proper analysis on the market haven’t discovered what’s going on and use that to get back what’s been sucked up in the market but, your always going to be left in awe at what the results would be.

In few instances you might get yo catch your breath but, always recall that, no trader after a careful analysis on the first instance would trade in a wrong analysis. It’s always the right one until the market shows you otherwise.

Chasing loses is everywhere, not just trading but in gambling as well and non of them is ever a best practice.

[Dzwaafu11]

the losses is the most case scenario for newbie traders, trading randomly because of their frustration hoping to make profits without any plan at all.

It’s funny sometimes when a newbie who is still supposed to learn decides to trade. Because of this, most people lose money repeatedly without gaining anything, and they don’t realise that they are the ones messing up with their funds, thinking that that is how it works and they will get profit as time goes on, which is not the case. We all know losing is something natural in trading because as far as we will trade, we must lose money. Therefore, to minimize these risks, we need to learn every aspect that will prevent us from losing too much.

However, newbies start getting frustrated because they don’t have the knowledge to think that there is something lucky like gambling, so they start chasing their losses, which will result in more losses because they will be unable to control their emotions anytime they want to trade. This is one of the most important things a trader needs to be aware of.

[Zanab247]

Your friend made a big mistake and lost a lot of money because he didn't have a stop loss in place. Stop loss orders are useful not just for new traders but also for experienced traders. It has assisted many people in avoiding large losses due to market volatility and uncertainty. Even if you're an experienced trader, market conditions can make it appear uncertain or make you feel like an amateur sometimes to the market; in such cases, a stop loss is crucial.  The best traders are those who understand how to manipulate stop loss and take profit levels to their benefit based on market projections.

Sometimes people can forget this stop loss at the moment because, their major target is to win big money from that trade that will help them to recover all the losses they have went through until they find themselves in such situations that will make them to regret like what his friend did to lose everything. Not only new traders experienced this losses from their day trading, I have seen some older traders regretting why they didn't apply stop loss on time but the money is gone already which there is nothing he or she can do about it that will bring the money back than to learn a lesson we are learning now to always apply stop loss at the moment.

Any traders that is cautious about the market situation before trading, it hard for such traders to fail at the moment because he will notice some things that will make he or she feel losses is ahead than to use stop loss to avoid such losses.

[boty]

Not only new traders experienced this losses from their day trading, I have seen some older traders regretting why they didn't apply stop loss on time but the money is gone already which there is nothing he or she can do about it that will bring the money back than to learn a lesson we are learning now to always apply stop loss at the moment.

For those who have just started trading and experience losses, this is normal for them because they don't know much about market conditions and haven't mastered what they have learned well and also this can be a lesson for them to be able to improve it so they don't do it again, but for those who have trading for a long time and still experiencing losses, I think there is something wrong with the strategy they are using and they need to fix it so that they no longer experience losses from the trades they are making.

Any traders that is cautious about the market situation before trading, it hard for such traders to fail at the moment because he will notice some things that will make he or she feel losses is ahead than to use stop loss to avoid such losses.

Everyone who is careful when trading will of course be able to reduce the risk of loss they will face, so for those who have a lot in the trading field, of course they use several strategies in trading to be able to make a profit.

[AakZaki]

Spot and futures trading both have risks. In the futures you'll need more knowledge compared to the spot but that doesn't mean that spot trading is easy because as others said buy low sell high but without any knowledge you'll lose. Also in the futures even if you have the fundamentals like a learning indicator you still do not have a 100% winning percentage so both of them have risks and only to lessen them with experience and knowledge.

However, trading knowledge is number one and will influence any type of trading. Spot trading looks easy, but in fact spot trading will give panic when they are too high when buying or they are trapped in buying memecoins which end up dumping and not having any price. Futures trading may look easy, but actually when the leverage used is high and the price guess is wrong, then liquidity will come and take all the money at stake.

[DVlog]

The worst mistake one can make as a trader is chasing the market to recover losses, If you lose a trade, learn from it and take it as your fault.

This happens when someone takes a big loss from a bad trade and fears that if he can not recover that loss right now he won't get a chance to do that later on. Another most common scenario that happens is that some traders get so attached to a particular coin that they feel comfortable trading that same coin again and again though it is not performing well. If you are an investor, then you should always keep in mind that every coin you invest is only to make a profit. You don't love any project you only care about it and make a profit from that profit so if a coin you like is not performing well leave it and move on to another one. Don't be attached to it.

[Lanatsa]

the losses is the most case scenario for newbie traders, trading randomly because of their frustration hoping to make profits without any plan at all.

It’s funny sometimes when a newbie who is still supposed to learn decides to trade. Because of this, most people lose money repeatedly without gaining anything, and they don’t realise that they are the ones messing up with their funds, thinking that that is how it works and they will get profit as time goes on, which is not the case. We all know losing is something natural in trading because as far as we will trade, we must lose money. Therefore, to minimize these risks, we need to learn every aspect that will prevent us from losing too much.

However, newbies start getting frustrated because they don’t have the knowledge to think that there is something lucky like gambling, so they start chasing their losses, which will result in more losses because they will be unable to control their emotions anytime they want to trade. This is one of the most important things a trader needs to be aware of.

Pretty sure that each one of us did really pass out on this kind of situation on which you are really that having those moments or times that you do make yourself greedy just because on the time that you make money or profits on trading then you would really be having those thoughts that this thing is really just that easy on which this would really be the primary thing that would come up into your mind
and on the time that you do make profits and then you do decide to continue then pretty sure you would really be that continuing no matter what because you do already have those kind of thoughts
on which you would really be continuing until you do bust up.

We know that mistakes and errors are common and this is something that like a stepping stone for us to have to make ourselves way more better. Im not saying that its necessarily to pass up with these kind of challenges but somewhat it is really that inevitable which it is why it is really that better that you do really be able to adapt accordingly and trying out to lessen those risks overtime.
Learning would really be coming up with our mistake on which it is really that a common approach that you would really be that to adjust accordingly.

[Grizzly888]

it is very important to be most careful while day trading when volatility is high, just as it has been in a few days now, this is specially for those who trade the futures market, trading futures is 10x more risky than trading spot, in futures trading, a simple miscalculation or failure to use proper risk management could lead to you being liquidated and all the money invested gone in a twinkle of an eye.

I am sharing this based on a story a friend of mine told me yesterday about how he lost crypto NetWorth in just one trade on one faithful day way back last upper year which is 2022.

According to him, he went long with all of his entire crypto NetWorth on an Altcoin because he was expecting the price of the altcoin to jump back up, after a news (which was later confirmed to be fake) caused the cryptocurrency to go down, but unfortunately for him, by the time he woke up from sleep the next day, on checking on this trade, he discovered that he had been completely liquidated because the price of the crypto currency ended  up dumping even harder than before.

Anxiety and fear made me deposit more money and he try to see if he could DCA the dip and make some of the money he lost back, and at a point, the price reached his take profit target but unfortunately, the take profit did not fill before the price of the altcoin shoot up again and at end, he was liquidated again.

This experience for me showed that he was really inexperienced when it comes to trading futures, but the truth is that, such a thing can happen to anyone in times when volatility is very high, when price runs become really high, it makes sure to liquidate both long and short position in a matter of seconds and minutes, most especially, if you open a position with a very high leverage.

Best to avoid trading futures in times like this, but if you must, make sure you know what you are doing, and use proper risk management like the stop loss and take profit features, also ensure you are only trading with an amount of money you can afford to lose, and remember not to put all your eggs in one basket.

Happy trading ya all.

I used to actively trade perpetual futures on Bitcoin and alts, but after a few years I saw that they don't give huge positive difference comparing to spot. So I switched fully from futures to spot, and now trade on futures only when I'm sure that it's a good time for a short position or when I feel that leverage x2-x3 is okay to use because of some circumstances. But in general - futures is place where 99% of people lose and only 1% makes money in the long term. I definitely prefer spot and tell everyone to use it. Because in my opinion every derivatives trader finishes with one scenario - loosing gained money and even more, just on one unlucky trade, which he can't close because of greediness or other unpredictable situations. This is only my thoughts, you may agree or disagree, but I still think that spot in the best option for long term financial success.

[KingsDen]

Best to avoid trading futures in times like this, but if you must, make sure you know what you are doing, and use proper risk management like the stop loss and take profit features, also ensure you are only trading with an amount of money you can afford to lose, and remember not to put all your eggs in one basket.

Happy trading ya all.

One thing about risky things is that it is being talked about that it is risky and anyone going into it must first understand that it is risky. It is not something that is done ignorantly. I have got the opportunity to learn about Futures but because of how risky it is said to be, I didn't learn it again. This is because if I learn it, I will be tempted to practice it and maybe I will lose so much money.

I am not a fan of high returns in investment. That is why I love bitcoin. Some altcoins seem like risky and looks to me like gambling that is why I have sticked to bitcoin.

[Mauser]

Best to avoid trading futures in times like this, but if you must, make sure you know what you are doing, and use proper risk management like the stop loss and take profit features, also ensure you are only trading with an amount of money you can afford to lose, and remember not to put all your eggs in one basket.

Happy trading ya all.

Trading futures is a very serious form of investing that can lead to big wins or losses. I have tried it myself in the past with mixed results and I would recommend anybody interested in it to first try their strategies in demo accounts. We are facing again a period of high volatility, which usually means that traders can make a decent profit. Trading futures just means that we have leverage on our positions and don't need to put all our money down to buy an asset. Just because we start trading futures doesn't mean we need to go into debt. After developing a successful trading strategy in simulations or a demo accounts it's good to start small. I would recommend anybody at first to make sure that we have enough capital to cover the notional of the futures contract. Once the strategy proves to be profitable it can always be scaled up with additional money. The biggest risk is the fear of missing out just because prices jumped up 15% in a short period of time. I would always prefer to follow my own research and strategy than following the herd and be late to the party.

[dansus021]

Bro I Feel it and sometimes I also give advice to another person to not trade in futures because of the risk, but the crazy is Last week I made a deposit to my forex account and you know that some broker forex usually are futures only without spot and I made the decision to long the bitcoin because the news from Cointelegraph that sec has approved bitcoin and boom it turned is fake news and all my position is at minus than I try to short bitcoin when bitcoin at consolidation price. and boom there another news and bitcoin touch 35K and all my position got liquidated and sad right now.

[redsun114]

Futures trading is not for everyone, obviously, but a lot of newbie investors don't take this thing seriously and they get motivated when they see screenshots of profits that some people manage to get through futures trading and then post on social media platforms such as Facebook and Twitter. Such people motivate new investors into taking very high risks and then losing all their money because they think it might be very easy to earn profit from futures trading.

A person without ample knowledge shouldn't even trade in the spot market which is relatively safer when compared to futures trading because in the spot, there is no concept of getting liquidated and you can hold the bought assets for as long as you want unless the cryptocurrency turns out to be a scam and the developers do an exit scam.

[GeorgeJohn]

Actually some people don't do not take a precautions while trading, I believe that they trade to make a profit and trading to make a larger profit is something that leads some people into something else and especially to lose the one they have gain already, so therefore what I us to understand in trading is that during trading do not be over greedy for making profits and any profits you make just cash it and end the trade and restart another trading again.

So from my point of view I understand that trading have to do with taking precautions and continuous practice in a trading, you can only lose whatever you have gain in trading at once when you are greedy and also open or venture into trading with what you can not afford to lose. So it's advisable and encouraging to ensure as a trader you have to be satisfied with the any profit you make in you day trade because a minute in a trade can caused you to lose everything you have profited in your trading, so therefore you have to be careful and also monitor your trading and forget about been greedy in any profits you make.

[bettercrypto]

The worst mistake one can make as a trader is chasing the market to recover losses, If you lose a trade, learn from it and take it as your fault.
Trading really fucked with me back days as a newbie until when I got to know this secret, Which is protecting your trading capital.
I was this trader who never bothered that much when most time I blew my account because I was working and seeing money on a regular basis before my salary would drop, so it was just like I was trading with spare money so little did I feel it, But after that I changed a job and that regular money was no longer coming but mainly on monthly basis, that was when I understood the importance of protecting my capital and started proper management of risk, and stopped trading with high leverage that I was using, and since then, I never blew my capital.

Through the losses we experience in trading, we are sharpened as traders. Because of this mistake, our minds work on how to sharpen them. And because our minds work in these situations, we can now think of or create ways that we think will bring profit.

And when we get a profit, the strategy that we have made is that we will keep doing it, and while we do it, we will explore new methods to earn in other ways apart from the method that is already giving us profit here in crypto trading.

[justdimin]

Trading futures is a very serious form of investing that can lead to big wins or losses. I have tried it myself in the past with mixed results and I would recommend anybody interested in it to first try their strategies in demo accounts. We are facing again a period of high volatility, which usually means that traders can make a decent profit. Trading futures just means that we have leverage on our positions and don't need to put all our money down to buy an asset. Just because we start trading futures doesn't mean we need to go into debt. After developing a successful trading strategy in simulations or a demo accounts it's good to start small. I would recommend anybody at first to make sure that we have enough capital to cover the notional of the futures contract. Once the strategy proves to be profitable it can always be scaled up with additional money. The biggest risk is the fear of missing out just because prices jumped up 15% in a short period of time. I would always prefer to follow my own research and strategy than following the herd and be late to the party.

Not a form of investing, but it was another form of trading and I heard it's much riskier than the normal forms of trading. But as they say, more risk is equals to more win. So yeah, that was the only advantage there if you are skillful or lucky enough to make a good/winning trade. Not only in futures trading but even on other forms of trading, it is recommended to practice first.

Obviously, so that we can familiarize things and lessen our chances of losing, or increase our chances of winning, in other words. It's safe to go low but there are others who are seem not contented on the risk that futures trading has to offer, so they do yolo trades or go all in. If we are a beginner, it's always better to start on the basics of trading, not here in futures.

[Peanutswar]

The worst mistake one can make as a trader is chasing the market to recover losses, If you lose a trade, learn from it and take it as your fault....~

If you make a position after the market hits the ATH or the peak of the resistance theres a chance that could be a bounce back or dump to test around again in the support if the market can't manage to break it up. The thing here i see as mistake is you are trading against the market, like the market is in the fire sell but you insisting to have a buy long, don't chase too much the wave or the wave hits you.

The worst mistake one can make as a trader is chasing the market to recover losses, If you lose a trade, learn from it and take it as your fault.
Trading really fucked with me back days as a newbie until when I got to know this secret, Which is protecting your trading capital.
I was this trader who never bothered that much when most time I blew my account because I was working and seeing money on a regular basis before my salary would drop, so it was just like I was trading with spare money so little did I feel it, But after that I changed a job and that regular money was no longer coming but mainly on monthly basis, that was when I understood the importance of protecting my capital and started proper management of risk, and stopped trading with high leverage that I was using, and since then, I never blew my capital.

Through the losses we experience in trading, we are sharpened as traders. Because of this mistake, our minds work on how to sharpen them. And because our minds work in these situations, we can now think of or create ways that we think will bring profit.

And when we get a profit, the strategy that we have made is that we will keep doing it, and while we do it, we will explore new methods to earn in other ways apart from the method that is already giving us profit here in crypto trading.

Some traders apply their mistakes and prevent those things from happening again making them more stronger and knowledgeable but some traders just ignore those mistakes continuously making the same mistake makes lossing their asset. People now are using the copy trading to make less hassle and let other people make trade to them without too much effort, but for me its ideal if you make trade on your own and not being dependent in other traders.

[South Park]

Some traders apply their mistakes and prevent those things from happening again making them more stronger and knowledgeable but some traders just ignore those mistakes continuously making the same mistake makes lossing their asset. People now are using the copy trading to make less hassle and let other people make trade to them without too much effort, but for me its ideal if you make trade on your own and not being dependent in other traders.

Learning from our mistakes is one of the key ingredients so a trader can finally become any good, with the other being minimizing the size and the rate of our mistakes, however despite how critical this is there are many traders that simply disregard it and actually believe they can obtain different results despite not improving their strategy or themselves, a grave mistake as if anything making money out of your competition is getting harder as more professional traders come to this market.

[Lanatsa]

Some traders apply their mistakes and prevent those things from happening again making them more stronger and knowledgeable but some traders just ignore those mistakes continuously making the same mistake makes lossing their asset. People now are using the copy trading to make less hassle and let other people make trade to them without too much effort, but for me its ideal if you make trade on your own and not being dependent in other traders.

Learning from our mistakes is one of the key ingredients so a trader can finally become any good, with the other being minimizing the size and the rate of our mistakes, however despite how critical this is there are many traders that simply disregard it and actually believe they can obtain different results despite not improving their strategy or themselves, a grave mistake as if anything making money out of your competition is getting harder as more professional traders come to this market.

Such inevitable scenario or thing on which a certain trader or person would really be able to encounter on which mistakes and errors is there, and its impossible that you wont really be able to made out some realizations basing up on the things on what you have done on which it would really be that normal that you would really be making out adjustments basing up on the things that you had encountered.
If you have ended up on wrong or losing money then you would really be that fully aware on next time and if you are really that still making the same thing then wrong things is already up to you.
You would really be needing to adjust and be wary on next time and this is something that human beings would naturally do on which on the time that you are knowledgeable on things then you would really
tend to adjust accordingly.

Making those kind of limits and moderation would really be that something that you will really be that seeing to be important on this career. If you have gained that much then it would be
normal that you should really be calling it a day and dont make yourself getting boost up because this is where usually people do end up on which they do getting wrecked.

[Sim_card]

Holy shit, your friend forgot that he is trading and thought that he is investing. It is only investment that you will go and sleep, go on vacation and feel relaxed because your bitcoin will be lying in your wallet. Trading is different and you must be very vigilant because the market can turn in opposite direction at anytime. He should have used stop loss and risk management when trading the for whole day, which is not recommended as a trader if you don't want to run at big loss. Trading should be something that you give a break and rest the brain just like what your friend did but he did it the wrong way by not quitting from trading. I don't trade because I am a careless person that can get distracted with some many things around me, and the risk in trading is higher than the profit.