Trading and losing

[Dr.Bitcoin_Strange]

You are right mate, all the point you have mentioned are absolutely correct, I will comment on number 2. The problem that some traders have is that they want to make a huge amount of profit and that is why they end up losing even their capital and the small amount they have managed to earn. I was listening to a trader on one podcast and the man said that he has lost thousands of dollars in trading but after he learned to accept the fact that little profit like 2% can be compounded to huge amount over a long time, that was how his trading lifestyle changed and instead of him wanting to make 20% or 50% and more from the market everyday, that he was just going for 2% daily, although he had a large sum of money invested.

[justdimin]

Be careful of altcoins. Although I trade altcoins but I use very lower amount of money for it. They are very dangerous.

If you are leaving out altcoins for your trading in crypto space, then you will have only one option which is trading bitcoin against fiats or stablecoins. Basically I am not a fan of trading bitcoin because bitcoin belongs into investment category in my books and I just always try to make use of trading to grab more bitcoins. It means I use only altcoins for my trading and that too only for trading them against bitcoins. Also, my trading will last for weeks to months because I am not catching altcoins by reading charts but by observing cyclic nature of coins.

In my opinion, instead of DCA for bitcoin, we may heavy buy at dips. I mean probably, we may go for DCA with bitcoins in bullish market but definitely not in bearish trend. When bitcoin market cycle is highly predictable, I believe we can buy more at trend change point rather than doing DCA.

[SuperBitMan]

It is not easy to make money and start losing the money all because you need extra income from trading. The fact is that most traders are losing. If you do not want to lose in trading in 2025, you need to have these four trading strategic plans.

1. Do not be in haste. That is the reason people think of day trading and lose
2. Having it in mind that it is better to earn little than to lose big all because you want to earn big
3. Average instead of martingale. An example of this is if you have $1000 for trading, you can begin with $200 and always be satisfied with the profit. But it you are losing, you can add $200 to it and so on to help you increase the chance of making money as it will make the market price get near to the price you bought the coin.
4. Be careful of altcoins. Although I trade altcoins but I use very lower amount of money for it. They are very dangerous.

There are others like knowing how to read charts, read and interpret news into your analyses and speculations, know about indicators. But which are the basics and I do not need to mention them as I believe you know them already.

Trading is very difficult that is why you see people losing money every day, and the things you highlighted are really the cause of those loses just like you said, however no matter how careful you are in trading you will still lose money but if your wins are more than your losses then you are still on the right track but if your lose is more than your wins then there's a problem you need to stop or change strategy. They say experience is the best teacher that's true and when it comes to trading experience is one key thing that helps you win more than you lose, I have a friend that is into trading the first time he started to trade on his own he was losing a lot of money to the extended he wanted to give up but his boss told him to keep trading now he is winning more than his losing and what made him that good is experience.
All this point you just highlighted are good point but a newbie into trading may not understand for example you said people should be careful with how they trade with altcoins newbie into trading may not understand and may think you are not right but when they start trading they will know that truly they need to be very careful with altcoins.

[retreat]

Losses are something that a trader cannot avoid, but traders can minimize the amount of their losses if they trade properly, manage risk, and choose the right trading instruments. If traders are able to do things like that, then the amount of their losses may be reduced and their profit potential can be maximized even more.

[cute nmp]

The Two go hand in hand there cant be trading without lost no matter how good the trader is that is why it is a good thing to have a good risk reward in your trading plan so that it will be profitable no matter what happens .

[Zaguru12]

Hmm, Good piece of advice, but in my view you cant be profitable in any strategy or by using any tip if you are not good at compounding and Risk management. Some people just ignore it as they know what Stop loss is and how and when to execute the trade, but risk management is the game changer in my view.

Imagine you are using a 2:2 trading setup, believe me the chances of being successful here are too narrow you need to know that n order to be portable you need to win in 1/2+1 trades and the profit won't be called as profit haha as 2% wth is that.

I strongly agree with you, I personally use to advice traders that there best bet in been profitable is to have a very good risk management and to strictly adhere to the risk management, it is this lack of strict adherence that make many people to lose all there funds in a one trade after been profitable in many others. Take for example someone who has a capital of $1k and only risks $100 in each trade will need like 10 straight losses before they get liquidated, and personally I doubt this happen.

As for the types of trades to take I will personally say high priority trades are traders with 1:3 plus anything below this isn’t something I prefer to trade. But for example trading 1:2 also will most definitely take your liquidation price higher. Imagine hitting two stop losses and one take profit with a 1:3 trade you will still be in profit.

What makes you think trading mentor is important? Are you a trading mentor? Or trading mentor taught you and you are very good in trading?

Trading mentor can lead to scam. Newbie traders are new and they do not know anything about trading at all, so someone that is a loser can be their mentor and teach them how to lose money.

Nothing is bad in actually seeking mentorship but seriously the way mentorships are been run this days isn’t worth. A good mentor can be your forever guide to success in trading as you will easily get to learn things faster with someone guiding you from experience but this mentor’s today just set up academies to milk their mentees and end up impacting nothing other than basics that can be learned on YouTube. Also mentees also focus on their mentors life style and most of them get this bad narrative that they can easily make it after the mentorship class which is why many give up when things don’t go there way

[Japinat]

The fact is that most traders are losing. If you do not want to lose in trading in 2025, you need to have these four trading strategic plans.

If you are also keen on not losing in trading this year, then maybe you should also consider getting under the tutelage of a mentor if learning important concepts on your own is a challenge. The mentorship fee will be less than the amount of money you will lose trying to trade on your own. Mentorship is no assurance of success, but it will increase your chances of becoming a successful trader if you are having problems learning on your own.

Right. While trading can be tough and hard, and can be very challenging, but having a professional trading mentor is definitely worth the price to be paid. It's not just the skills and strategies that are keys to successful trading, but the positive mentality and attitudes matter the most. So if you have a good and reliable mentor, it will be an edge having mentored and that you are close to becoming successful trader in the future.

[beerlover]

While it's normal to lose money while trading, we should be careful about it as well, I do not think that we are going to get anything crazy out of this period, so we need to be careful. If you trade and lose, that's fine, but if you keep trading and keep losing forever, then it is not good and you are doing something wrong.

For someone to do better, you need to be able to do better and I believe that even if you suck at the start, and even if you are still not great and making huge profits after a while, as long as you are better than how you started that would be good. That is why it's important to learn how to get better, and I do not think that we are going to end up with anything crazy, it just doesn't feel that way.

[Jody.Drummer]

While it's normal to lose money while trading, we should be careful about it as well, I do not think that we are going to get anything crazy out of this period, so we need to be careful. If you trade and lose, that's fine, but if you keep trading and keep losing forever, then it is not good and you are doing something wrong.

For someone to do better, you need to be able to do better and I believe that even if you suck at the start, and even if you are still not great and making huge profits after a while, as long as you are better than how you started that would be good. That is why it's important to learn how to get better, and I do not think that we are going to end up with anything crazy, it just doesn't feel that way.

I totally understand the point you made and it does need to be considered. Trading and losses will always go hand in hand, including profits. Experiencing losses is normal, but if you keep losing in trading then there is a problem that needs to be fixed, I agree with that.
Apart from that you are also right, I think we are all lousy people at first, when we first entered trading. However, as time goes by, our knowledge and skills increase, plus the invaluable experience will be very helpful.

[bettercrypto]

It is not easy to make money and start losing the money all because you need extra income from trading. The fact is that most traders are losing. If you do not want to lose in trading in 2025, you need to have these four trading strategic plans.

1. Do not be in haste. That is the reason people think of day trading and lose
2. Having it in mind that it is better to earn little than to lose big all because you want to earn big
3. Average instead of martingale. An example of this is if you have $1000 for trading, you can begin with $200 and always be satisfied with the profit. But it you are losing, you can add $200 to it and so on to help you increase the chance of making money as it will make the market price get near to the price you bought the coin.
4. Be careful of altcoins. Although I trade altcoins but I use very lower amount of money for it. They are very dangerous.

There are others like knowing how to read charts, read and interpret news into your analyses and speculations, know about indicators. But which are the basics and I do not need to mention them as I believe you know them already.

Thanks for all of this tips in which you had given on this topic op, I will take all this on my date anyway. Then it is also true that it is not easy to earn money in this era, everything really needs to be worked hard and we must also be strategic if we want to get a profit.

And we must also not be greedy so that we do not become like others who only ended up with bad results in the end. You know in trading when others suddenly pump the coins they bought,
they think that they will still raise it but suddenly there will be a massive dump in the end.

[milewilda]

It is not easy to make money and start losing the money all because you need extra income from trading. The fact is that most traders are losing. If you do not want to lose in trading in 2025, you need to have these four trading strategic plans.

1. Do not be in haste. That is the reason people think of day trading and lose
2. Having it in mind that it is better to earn little than to lose big all because you want to earn big
3. Average instead of martingale. An example of this is if you have $1000 for trading, you can begin with $200 and always be satisfied with the profit. But it you are losing, you can add $200 to it and so on to help you increase the chance of making money as it will make the market price get near to the price you bought the coin.
4. Be careful of altcoins. Although I trade altcoins but I use very lower amount of money for it. They are very dangerous.

There are others like knowing how to read charts, read and interpret news into your analyses and speculations, know about indicators. But which are the basics and I do not need to mention them as I believe you know them already.

Thanks for all of this tips in which you had given on this topic op, I will take all this on my date anyway. Then it is also true that it is not easy to earn money in this era, everything really needs to be worked hard and we must also be strategic if we want to get a profit.

And we must also not be greedy so that we do not become like others who only ended up with bad results in the end. You know in trading when others suddenly pump the coins they bought,
they think that they will still raise it but suddenly there will be a massive dump in the end.

Greed is something which is really that a part of human being on which it will really be that something that needs to be controlled and moderate specially that we are that dealing up with this space. You will really be that considering that tons of situations on which this might sparked out that kind of impulsive behavior on which it will be leading into more disastrous actions on which you shouldnt have done that. Self control is what a must on here but this is a word on which it is really that something easy to say but on the moment that you are on such situation then it will really be that too hard for you to make up such control on the time that you are already been boggled up with negative conditions on which you will be that not able to think up well on whats going on. Self awareness and use up your own sense on whats happening and adjust accordingly when it comes into this aspect. All you do need to do is to sustain and learn up from those mistakes because losing is never been that be removed because market is really that totally unpredictable and there's no way that you can be able to remove the possibility but rather its something that you will be needing up to lessen up the risks because it will be that leading into that successful career on which of course everything will be basing up on how well you do make out decisions on what you are currently dealing on with.

[Barikui1]

It is not easy to make money and start losing the money all because you need extra income from trading. The fact is that most traders are losing. If you do not want to lose in trading in 2025, you need to have these four trading strategic plans.

1. Do not be in haste. That is the reason people think of day trading and lose
2. Having it in mind that it is better to earn little than to lose big all because you want to earn big
3. Average instead of martingale. An example of this is if you have $1000 for trading, you can begin with $200 and always be satisfied with the profit. But it you are losing, you can add $200 to it and so on to help you increase the chance of making money as it will make the market price get near to the price you bought the coin.
4. Be careful of altcoins. Although I trade altcoins but I use very lower amount of money for it. They are very dangerous.

All the point you made here are actually spot on to be honest here, but I want to just add to what you have already said, because I know for a fact that you can still be losing money in trading if you follow only what is written down in your write up.
And the few I want to add are;

* Try to learn when not to trade: this one is the most complicated skill in trading because you need to know what you are doing before you can utilize this skill.
When looking at the chart, their are some particular trading set up you should be looking out for, if they aren't in sight, it's best to stay off and wait.
It's best your margin is intact than to trade what you aren't sure off.

* Emotions: we should not forget that emotions destroy all your trading knowledge and skills, because you will start doubting yourself and your analysis, and it's either you cut a winning trade too early, or you might cut a trade at a loss which will eventually reverse back to your direction, because you were too emotional to trust your analysis and wait for the final outcome of the trade, so emotional control is very much key, if you want to succeed in trading.

[pawanjain]

It is not easy to make money and start losing the money all because you need extra income from trading. The fact is that most traders are losing. If you do not want to lose in trading in 2025, you need to have these four trading strategic plans.

1. Do not be in haste. That is the reason people think of day trading and lose
2. Having it in mind that it is better to earn little than to lose big all because you want to earn big
3. Average instead of martingale. An example of this is if you have $1000 for trading, you can begin with $200 and always be satisfied with the profit. But it you are losing, you can add $200 to it and so on to help you increase the chance of making money as it will make the market price get near to the price you bought the coin.
4. Be careful of altcoins. Although I trade altcoins but I use very lower amount of money for it. They are very dangerous.

There are others like knowing how to read charts, read and interpret news into your analyses and speculations, know about indicators. But which are the basics and I do not need to mention them as I believe you know them already.

I really liked your first statement because just today, I was just having a thought that I should start using my crypto for trading to accumulate increase my crypto stack.
You know, it feel terrible seeing other people making huge load of money in altcoins saying altcoins are going 10x or say 100x whereas bitcoin is just going for 2x - 3x.
At the same time, I know that not all of them are making huge money in alts and it would be just a small amount of people yet it gives us a feeling of uneasiness.
Makes us wonder why not we try trading and earn more money but as you say, many people lose money instead.
So for people like me, who wants to save their capital at any cost, I believe, holding is a far better option instead.

[tvplus006]

If you are also keen on not losing in trading this year, then maybe you should also consider getting under the tutelage of a mentor if learning important concepts on your own is a challenge. The mentorship fee will be less than the amount of money you will lose trying to trade on your own. Mentorship is no assurance of success, but it will increase your chances of becoming a successful trader if you are having problems learning on your own.

Mentoring is not a trading strategy, but another chance to gain the necessary knowledge for trading. But the problem with choosing a mentor is that instead of an experienced trader, you mistakenly choose a scammer who has superficial knowledge, which will undoubtedly lead to the loss of your deposit.

[Zanab247]

I believe many new traders will learn from those strategies you just mentioned here op, because I have seen many new traders earning little profits from their trading, but they are not satisfy at that moment than to continue chancing the big profits  that made them to end up in losing all the profits they have made, which is a good lesson new traders must learn from and make a positive change. When you are going to trading as a new trader, make sure you wear the garment of patience which it will help you not to rush whenever you are trading your crypto in the market, and it will allow you to earn the profit that will satisfy you.

As a trader, don't invest what you can't afford to lose in trading because there will surely going to be some mistakes that will make you to lose some money in your trading, but don't let it be the end of your trading, because there are still other opportunities that will make you to recover all your losses in the future.

[Webetcoins]

It is not easy to make money and start losing the money all because you need extra income from trading. The fact is that most traders are losing. If you do not want to lose in trading in 2025, you need to have these four trading strategic plans.

1. Do not be in haste. That is the reason people think of day trading and lose
2. Having it in mind that it is better to earn little than to lose big all because you want to earn big
3. Average instead of martingale. An example of this is if you have $1000 for trading, you can begin with $200 and always be satisfied with the profit. But it you are losing, you can add $200 to it and so on to help you increase the chance of making money as it will make the market price get near to the price you bought the coin.
4. Be careful of altcoins. Although I trade altcoins but I use very lower amount of money for it. They are very dangerous.

There are others like knowing how to read charts, read and interpret news into your analyses and speculations, know about indicators. But which are the basics and I do not need to mention them as I believe you know them already.

Thanks for all of this tips in which you had given on this topic op, I will take all this on my date anyway. Then it is also true that it is not easy to earn money in this era, everything really needs to be worked hard and we must also be strategic if we want to get a profit.

And we must also not be greedy so that we do not become like others who only ended up with bad results in the end. You know in trading when others suddenly pump the coins they bought,
they think that they will still raise it but suddenly there will be a massive dump in the end.

Sometime while I read things about trading with consequences it's always brought something wired in my mind as we have trading specially crypto trading evil weapon even we have nothing wrong all we also have many things which bring positive and better results as well so just keeping checking and doing things which are important for trading give some pleasure and also profit, but we need strong strategy and things before jumping into this which increase our knowledge and depth about trading.

We all know about greediness how kills but still it's nature of human as we have to go for few things which are giving us better profit in short period we can't leave this out from us even with all preparation sometime we have not required results because any rumour or news can erupt trading targets, and we can face bad result.

[Mpamaegbu]

It is not easy to make money and start losing the money all because you need extra income from trading. The fact is that most traders are losing.

People will continue to lose trades as much as they want to rely on income from trading, thereby making it a do-or-die affair where they think they've to always be in trades. We don't have to always be in trades to qualify as traders. Even, not trading is also trading. To succeed at trading, one has to get a side hustle that will pay one's bills at the beginning so one doesn't have to pressure oneself trading.

1. Do not be in haste. That is the reason people think of day trading and lose

You're right. Trading demands patience. Traders with "short fuse" or itchy fingers hardly survive trading.

2. Having it in mind that it is better to earn little than to lose big all because you want to earn big

One can also let winning trades run thereby increasing profit instead of cutting it short. What matters here is for one to understand one's trading strategy, trust it and allow it run when it's winning.

3. Average instead of martingale. An example of this is if you have $1000 for trading, you can begin with $200 and always be satisfied with the profit. But it you are losing, you can add $200 to it and so on to help you increase the chance of making money as it will make the market price get near to the price you bought the coin.

Whether averaging out or martingale, what truly matters is Money Management (MM). One has to be careful with both techniques. What if a trader doesn't have funds elsewhere, where are they going to get funds to pump in to save their losing trades? The best thing is to use SL and cut the loss short.

4. Be careful of altcoins. Although I trade altcoins but I use very lower amount of money for it. They are very dangerous.

No coin is easy to trade, especially on Futures. They all bear the same risk when you're not able to determine the trend before entering the market. Those who longed Bitcoin at $108k will understand what I'm saying better.

[Awaklara]

1. Do not be in haste. That is the reason people think of day trading and lose

I had a problem at the beginning of my trading with being too enthusiastic in trading. Some success in getting small profits made me excited, it triggered me to trade every day with the reason of increasing my trading experience.
Some trades were successful, but the more trades I found a phase where I was in a hurry to open positions on some trades. I was caught in a situation of several consecutive losses and finally, I decided to stop trading temporarily.
Now I don't trade every day, but I still trade even though not in large amounts.

[Asiska02]

The fact is that most traders are losing. If you do not want to lose in trading in 2025, you need to have these four trading strategic plans.

If you are also keen on not losing in trading this year, then maybe you should also consider getting under the tutelage of a mentor if learning important concepts on your own is a challenge. The mentorship fee will be less than the amount of money you will lose trying to trade on your own. Mentorship is no assurance of success, but it will increase your chances of becoming a successful trader if you are having problems learning on your own.

The basics of trading cannot be overemphasized, having the right mentorship into the market is the one of the best way to reduce the risk of losing money in trading. It is not that easy but one need to understand that continuous learning even after mentorship is the best way to stand at a very good chance of making it in trading sooner. The concept of trading requires patience and those that are not ready to exercise patience may leave trading after been face with big losses they can’t contain. Continous learning is the key and it makes your journey easier and faster to achieve success.

[LogitechMouse]

If you are also keen on not losing in trading this year, then maybe you should also consider getting under the tutelage of a mentor if learning important concepts on your own is a challenge. The mentorship fee will be less than the amount of money you will lose trying to trade on your own. Mentorship is no assurance of success, but it will increase your chances of becoming a successful trader if you are having problems learning on your own.

What makes you think trading mentor is important? Are you a trading mentor? Or trading mentor taught you and you are very good in trading?

Trading mentor can lead to scam. Newbie traders are new and they do not know anything about trading at all, so someone that is a loser can be their mentor and teach them how to lose money.

I also don't believe in a trading mentor as well because what I believe is that you can learn anything all by yourself. Yes, it will take you so much time and money along the way, but that would be way better as you will learn through your own mistakes, and experiences, and you will make better decisions from there. You will make some adjustments on your strategy based off your own experiences. I've made several trading mistakes in the past, and I might not be profitable currently, but still, I learn from all of them, and making better decisions now than that of a few months ago.

Re: Trading and losing

OP has shared some good tips as well but might as well share some that I had read online yesterday.
1. Don't take a trade when you're in the middle of something or there's some distractions around you. That's the easiest way to lose your money.
2. Sticking to ONE strategy is always better and have a better chance of making profit. Don't add unnecessary indicators on it.
3. Always set a stop loss.
4. Aim for only taking low number of trades per day. The more you take, the more you "chase" therefore, the higher the chances you lose.