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Buying wrong or bad luck?

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If you invest in the wrong place then you will have a lot of losses. Experience then invest and then acquire skills then invest. If you have not acquired skills before then you will lose a lot so invest after acquiring skills.

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If we talk about forex trading or if we talk about cryptocurrency trading, many times we lose because we buy the wrong currency. If we talk about forex trading then we mostly lose in it because we buy the wrong currency. But in the most time there is also a loss because our luck does not support us, if we buy the right currency, then the market goes crash, due to which we lose. 


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Many of these things are invested in the cryptocurrency market. We sometimes think that a good currency becomes an investment tool that prices continue or the developing team is no longer active in the project and I think it is a combination of difficulty and poor analysis. 

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The matter is not related to bad or good luck at all, but to the extent of psychological ability and financial ability to be patient until the price of the currency rises, but when the trader is forced to withdraw his capital from the market, he will sell at the lowest prices.

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Price or value is very volatile it move up and down on daily bases so we mostly can't predict that where is exactly price is high and where is exactly price is low. If some thing is bought which is wrong at that time have some patience and wait for good. 

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Hello friend, I hope you are well. In my experience in the world of trading I can tell you that this is one of the things we went through at the beginning and you can even go through this same bad patch even knowing a good trading system, it's normal, you have to take into account that you are in a manipulated market and besides that, the broker will never be in your favor, he knows where you open your operation and where you have your stop loss, so he can easily take you out of your position, he keeps your money, and continues with its journey. 

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My dear friend, I am a member of this wonderful forum, and according to my experience gained in my work here, I want to advise some novice members to abide by the important instructions and laws that you gain from the forum and from members who share in their experience, so you have to constantly follow up to gain experience.

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Many investors and traders normally face these challenges not knowing exactly where to perform a buy or sell from resulting in making losses out of fear and the best thing to do is having patience once you have purchased some crypto even when the price slightly goes down don't sell but hold and enter long-term investment.

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No it's not wrong buying or selling but it's totally wrong we are in course of more profit we buying and selling cryotocurriencies at same time by this way we will surely loose our all currencies so the buying of any currency and selling at best time is the smartest idea so just enjoy your day going trading. 

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We have lists of the fears when we are buying some currencies like the currencies of the Cryptos Bitcoin and the ETH. We have teg fears that might it can give us teg loss or happiness can it can gives us the profit. And all of the problems including the fears we can handled it.

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 Do not regret anything my friend, loss learns a lot, and increase your experience, learn from your mistakes always, time you have to not waste in regret, in my opinion, one of the most important processes of success in trading and investment, is patience, not giving up and greed, and the most important thing is overcoming fear. 

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The rule always says that we should buy when the price falls and sell when the price rises. So when the price goes down I don't have to panic and sell currencies but you have to keep them because the price will go back up again so keep them until the price goes up.

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I am among the people who do not depend on luck much because I do not see that luck is in my class. I rely on my efforts and this is sufficient because pursuing the dream will make you reach it even if you do not reach 

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If you want to buy or sell you need to make a market survey so that you will know the value of the coins your want to trade so as to make profits in your day to day investment, thanks.

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It does matter which price point you consider to invest in some cryptocurrency based on its real time performances in the markets. Suppose, Bitcoin price is around $38K now and you decided to invest in it now thinking like this price is lower in a comparison with ATH price i.e. $41K but actually, $38K is still higher if it reverts to the lowest total so I recommend you guys, be familiar with the volatility in decentralized cryptocurrency markets. 


 

 

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At the beginning of our work in the field of cryptocurrencies, we made a lot of mistakes and did not choose good currencies that will increase our profits and therefore we think that our luck was bad, but in fact we were ignorant of how to work and the correct way of trading, but today and after a period of time we are able to know the correct options from The bad and how to choose the good currency and work with it

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It means you have lack of patience in you and it is clear fact that an impatient person can never be a successful trader. So If you want to be succeed in trading you should develop patience in you as There is big fluctuations in crypto prices and sometimes we have to see the complete fall and shouldn't be panic.

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I do not think that it depends on luck, it depends greatly on the correct time to enter the currency because the whole matter needs a great study 

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The most important Principle of trading is patience and the person who lacks patience can't be a successful trader. Don't go for a panic buy or sell observe the coin thoroughly, do a proper analysis a about it tgen make a strategy and enter in trade to derive good results.

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On 10/27/2019 at 3:05 AM, Bitxalt said:

We can say easly, buy in high and sell in low, but that's not easy anymore, we dont know where is high and where is low, price move everyday, and we just do analyze. well, actally I will trade buy and sell in random order, because I only believe and expect on market that mean is I'm not really doin analysis market move. maybe 60%analysis and 40%instinct, when enter to market, I have HARD rules, no lose more than 20%.

The trading aspect have changed now compare to before because these crypto currency have gained more popularity in the world and everyday we witness how the price is increasing which makes the market statistics change due to the increase of many traders and investor.

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Thank you, dear, for presenting your wonderful experience since about workers in cryptocurrencies in general. To that, dear, you have published an important experience in the field of cryptocurrency trading. As a simple experience in the field of trading, I cannot share with you my experience because it hardly failed and did not know the technical analysis of currencies because I did not  I currently have time because of studying in general, so my dear advice to you is to learn more, and your experience is wonderful, and I hope everyone will give it a try. It is the most important thing that he should have. Thank you very much.

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