Trading and losing

[Oshosondy]

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.

[Faisal2202]

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.

I agree with you trading alts is very dangerous because they can liquidate us anytime and even in spot they pose a great lose threat. Although their are ways to manage the risk like diversifying the money. Point 3 is a very good one because many of us don't get it, even sometimes I think this is the low of a coin and I think it won't go below this point and invest all but after sometime market gives another chance to buy more cheap.

But now I don't have funds, I learned this the hard way and we all did. Earning less is really better than chasing big profit and ending up in big lose. I have been into this scenario before as I planned to make big profit from a trade I took at 20th or 21st of the December but I end up holding on it till now but I expected to close the trade sooner. I think I still have to hold it for the next 20 days.

[Rruchi man]

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.

[Natalim]

While there are no guaranteed trading strategy that will completely prevent you from losing, but there are some trading strategies that will minimize losing experience and increase chances of profiting.

One of it is by developing a well-defined trading plan. By setting your clear goals and objectives, there is higher probability that your trades will turn out successful. Also, by having emotional control and discipline when trading help a lot in order to minimize future losses. Just stick to your trading plan and don't react much to sudden factors that trigger the market.

[Oshosondy]

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.

[Hamza2424]

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.

Now if you are good with your skills to manage risk at 4:2 now this is a big deal, some people will realize it now just learn a bit about it then put it in execution with your portfolio, and you'll know how critical this factor is, with that ratio management you need to focus on how much trades your portfolio allow you to take per day.

For Alts be very careful as OP said they sucks.

[Alphakilo]

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.

If mentorship works for you, do it. If it doesn't then look for what works for you. Other things can include, reading books, watching a YouTube video, doing a trading course, attending meetups for traders. You could do one or two or more. They don't guard against losses they help minimize it. The lessons, strategies, and other skills you you'll learn are going to pay off.

The last step lies with the trader to decide to learn fast whichever method or methods he chooses.To be profitable as a trader should be the aim and any way to do it should be leaned. Sometimes, all of these learnings are free as they take place in a non formal or structured environment.

[Aanuoluwatofunmi]

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.

I have seen some traders all because of developing interest in making a living from trading, they invested their fund in it and still couldn't achieve their goal because trading could be unpredictable as well as having some level of risk which we may not be able to afford coping with when they happened.

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.

We do try enough in giving some pieces of advise on traders here, but how many of them were ready and willing to learn, apply the change and make things work for them, what they don't know is in their failure in realizing the actual path needed to making it right in what they are doing, and most don't even give attention to details, some don't even read to learn or get informed on the necessary things about trading, yet hey expect a perfect result while trading.

[BitMaxz]

At least don't forget the fees the big amount you use in trading, the big fee it will deduct from your capital. So only trade with quality trades that have a high probability.
Also, if you are trading futures, do not leave your position open without a stop-loss, or better yet, watch or close it before living on the PC because, in my experience, it always ends up hitting the stop-loss or, when I forgot to put a stop-loss, I lost a lot of money and ended up hitting liquidation.

The last thing is to always check the bigger picture from daily chart until you zoom it to 15, 5, 3, and 1 minute chart; it should give you some patterns and let you know easily what is the current trend of the day that is the start and wait for a signal and confirmation while it builds up a pattern. If it breaks out from outside the pattern, that should be a good entry point, but always check for confirmation so that we know if the position has high probability.

[tabas]

And if trading doesn't work for you even if you've been equipped with various strategies, knowledge and tips, you have to give up because that's not the only option that we have here. Instead, do some reconsideration of your strategies and maybe trading or the actual day trading isn't for you. We can be holders and investors that pretty much work for the majority of us here. You don't have to do some daily trades if that doesn't work but this choice is working for me and I have proven it to be more effective than chasing the markets.

[JeffBrad12]

I find it easier to profit in trading when I trade on pretty stable market where most of the coin price action are just creating a channel.

whenever there's potential event that could shake the market I just close all my position and call it a day, right now i'm making pretty good profit by just riding the momentary accumulation that BTC is having, literally price just bounced back from $92k to $95k few times already and if you trade on leverage you're already making some good profit.

I think this one is also the most important thing to keep making money, that is to wait for the right moment. trading doesn't mean we should trade 7x24, sometime it's good to take a week or month off to wait the dust to settle.

[goldkingcoiner]

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.

I learned how to trade by myself and I can tell you I lost a lot of money going down that rocky road. A tutor would have saved me so much money and my nerves. But the question is how do you find a tutor?

The only ones who claim to teach trading are fake influencers and scammers with telegram groups. There is no legit way to tell apart the real traders from the fakers.

[Oshosondy]

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.

I learned how to trade by myself and I can tell you I lost a lot of money going down that rocky road. A tutor would have saved me so much money and my nerves. But the question is how do you find a tutor?

The only ones who claim to teach trading are fake influencers and scammers with telegram groups. There is no legit way to tell apart the real traders from the fakers.

You get it right. The best to me is to still learn trading from yourself. Even with tutor, a newbie trader can still be greedy and make mistakes and lose money. It is just that many of us learn about trading risk management but we decided not to follow it. I also did not follow risk management when I was a newbie and this is one of the most important topic in trading for newbie traders to be able to manage their risks.

[Popkon6]

All the things you mentioned here are correct, but those who mainly face losses are mainly greedy, greedy for extra income, and face losses at the last minute. Those who are trading and want to do it in the future will gain more experience if they learn these things and it will help them become more successful traders in the future.
However, I believe in making money by trading Bitcoin but I prefer to stay away from Altcoins the most. However, if you want to earn money, you must be patient, patience is the only thing that can take any person to the top of success.

[EarnOnVictor]

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.
-snip-

You have a good point here, many may not fully understand this, but I do, it's better you keep your widow's mite amount with you rather than lose it again in the name of looking for a passive income. If some people do a proper calculation of the money they've lost to trading in the 10 years, that might have been enough to build a mini estate in their country, should they continue that way? I guess not, 10 years is a long year and if the trader could not get it right for that long, what will now make the difference after a decade? Such might try a different thing to earn from the market, investment of other schemes are there, trading is not a must.

[maydna]

All of your suggestion is the best and really helpful for all traders. Satisfying with the small profit will need to be practice because not many traders can do that while they feels they can make a bigger profit. They forget that they don't have to chase the bigger profit in one day but they can repeat to make small profit continuously especially if they can have a skills to analyze the market.

They can use altcoin if they want but as you say, it is better to be careful of altcoins and needs to analyze deeper before they choose the altcoins. With so many altcoins in the market, they must analyze one by one to find the right altcoins. So that will not be an easy works to do.

[dunfida]

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.

1. This is why its important that you should really know on what you are really that indeed knowing on what kind of trading path you would really be taking on which you are the ones will really be able to find it out once you do test out on which one fits for you.
2. Make yourself that sustainable and making the risks to be going minimal as you do go ahead. Just be sure that risks management will really be that intact.
3. Using up martingale on trading? This could be done via doing DCA when you do lose up a position or bought on the peak but it will be that still depends on how well you do make out such execution in regarding your entries and with your exits.
4. Not at all, if you do just simply find some low cap or some hidden gems then you will be able to make yourself rich and come to look at on meme coins too on which these are trash coins but there are still those who do trade that becomes millionaires and this what makes that having that huge interest when it comes on trading up meme coins in decentralized exchangers.

Losing is inevitable on which this will really be that definitely be that needed up for you to taking it lessen as much as you could because if you cant be able to do such thing then it will really be that resulting a non progressive condition in towards into your trading career. Always adapt on whatever experiences that you do able to ecounter and act accordingly on which you do seem that it will be that giving out that benefits or positivity in long term.

[OcTradism]

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

Trading is hard and risky so if you trade more, you have bigger risk for more losses. Day trading is very active trading and potentiality of more losses from your active trades.

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

It's good but not enough. Your capital is most important and you must protect it at all cost. If you have big or small profit, it's good, but it's not bad if you exit your trading position with a draw. Additionally, to avoid big loss, you can exit your position with small loss if you feel things are not going good.

Use stop loss, stop limit order to control risk and avoid big loss.

One of the Best Weapons in Trading

[slaman29]

Hey @Oshohondy I see you getting more and more active in this trading place Great!

I personally like to warn people even more than you. Its not just that most people lose money, but to also show the stats on solid research. Everywhere you look online you can find stats of 70-80% of people losing money. And guess what, if you wait another year on the same group of traders, I guarantee you that some in profit will start losing.

Long-term, the figure is closer to 90% or more, you always start trading as a loser, its a mountain to climb to gain profit.

Trading is not for 99% of people. Remember that.

[Zoomic]

Your advice are very valid OP. However, there are actually no universal tips for trading that works for every trader. A trader might follow and practice all you've said and still end up not being profitable. Others too might do things differently and still be profitable. In all, every trader should practice effective risk management irrespective of the strategy he is using and not just over trade or act out for impulse just to make huge profits from trading, this is one major reason most traders fail.

Just like @slaman29 has said, trading is not for everyone. I have few friends who stopped trading because it was having some negative effects on their emotions, making them take decisions they shouldn't be taking. If a trader finds himself in such a situation, he should understand that he needs to take a break for the sake of his mental health, because not everyone would make it through trading.