How To Make Money Trading, Even When You Are Wrong

[boyptc]

Even doing wrong? He might be wrong in some trades and tried to recover in the next trades that he does.

I used to feel sorry for people paying to buy losing signals. Now I think they just deserve it.

They never listen to the real advice that don't buy those signals because the signal is actually making them the product of their own. While whoever spreads the signals give them that opinion of his about the market.

So, it's like paid market research for the lazy ones.

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[Kelvinid]

I saw a video on Youtube where the trader is able to make money trading, even when he is wrong...

There is no need to ask how as it was too obvious that the video is fake. In fact, how could you imagine a wrong answer becoming right? How could you imagine that even if you lose, you still win?

Don't overlook the situation not think that all you have seen on YouTube and these social media influencers are true, many of them are fake. Because there is no way to earn money from a losing trade but rather expect losses. That video has no intention to educate people but it made it fool viewers like you. Stop thinking about it as it only bothered your mind instead, help yourself to understand that trading is not always profitable.

[slaman29]

I used to feel sorry for people paying to buy losing signals. Now I think they just deserve it.

They never listen to the real advice that don't buy those signals because the signal is actually making them the product of their own. While whoever spreads the signals give them that opinion of his about the market.

So, it's like paid market research for the lazy ones.

Lucky to see my 3rd ATH, despite coming late to crypto in 2017, and I was also lucky enough to experience forex trading in the past, so all the same behaviors are happening again and again.

Greed, gambling, whatever you wanna call it. But I've changed my outlook as I said, I don't feel bad people are doing it anymore, I kinda think it's good to have constant sheep go to be slaughtered, so it keeps the markets healthy.

Still I believe it's irresponsible to tell newbies the wrong thing, some are misled. But people who pay for signals anyway probably don't care about real trading, just want a fast way to get rich, so deserve to lose.

[SmartGold01]

I am not an english native speaker so I dont understand everything in the video..do you know where I could find more info on this strategy in text/pdf?

If I may ask is it everything you watch on a Youtube video you put in action?
Also have you consider the creator of that video if he is a known and famous trader, because most of those people who only comes to Youtube to make video to gain viewers, whereas some people are being misled with what they watched over the Youtube. What you would do is that always try to check how known is the youtuber before you can implements all his/her strategies to you trading skills.

Is it possible to share the video here in case someone is intersted in sharing more details about this strategy?

You can post here or make a reference link to the video so that people will understand what you mean.
NB: Do not follow anyone asking you to sign up on a particular broker or exchange to join them and trade, most people have been scammed through this way.

[redsun114]

I would advise you not to follow strategies or anything that you see in a video whether it's on YouTube on some social media platform because there is no guarantee that those strategies are correct and should work for everyone. Remember, a strategy that might work for someone isn't supposed to work the same way for you, this is why every trader needs to have enough knowledge so that they can create their strategies and trade according to that.

This is why, I would suggest that you try and learn to trade yourself first and don't go for strategies and stuff that you see on YouTube or from some influencer and even if you want to do that for practicing purposes, I would say you watch multiple videos with the same strategy and then see if you understand it well.

[Maus0728]

Can you link the video that you're talking about, it might help that we would know what exactly that person is talking about since you've said that you don't have a really good English vocabulary, might help that others would see it and at the same time would help this thread so it's not all talk about being careful with whatever you're watching online as it's full of information. From what I can understand with what you're talking about, I'd say that you're just describing someone that's hodling with extra steps, they don't quickly sell when the price isn't in their favor so they keep it and then trade another which is just a complicated DCA to me.