How do you feel when you lose money on crypto by day trading ?

[Cryptonas 1550]

On 1/23/2020 at 11:21 PM, Maxtron73 said:

Day trading can get you enormous gains , but can also pipe away your savings in no time if you do day or very short term trading. Instead if you buy at discount prices and just hold for long term ? Would it not be better to acquire huge gains and risking less ?

Mate you are right, long term trading is far better than short term trading because the risk in short term trading is far bigger than long term trading. The profit too can't be compare, I guess in all trading the time is most important factor that can determine your profit, the longer it takes the more you as a trader will earn. I think it is important for us to take this note...

[Lokeloke 576]

There was this time I was scammed of my hard earned Etherium on Telegram, it was a bad experience as I was planning to withdraw the funds to pay for my house rent, it was a bad experience, I think I should explain how it happened, I was given free airdrop worth 1000 USD and I was asked to pay eth worth some amount as gas fee to withdraw the airdrop

[Jaafar Fahad Hassan 114]

It not a good feeling, I felt so bad and couldn't think straight , I wasn't happy ,cos I loose almost half of my capital. But I felt strong and believe I can be able to recover with time, no one will feel happy for losing, we just don't want to believe we will loose but in crypto, it must be loose or gain

[Biojay 2080]

2 hours ago, Muktarysule said:

That would really hurt alot,  though from the beginning,  we should know that no investment is without risk, so when we loss our money I definitely know that there are also other times that we made profits, so loosing a day tradaing should not let us feel discouraged  @Biojay

Yes mate, you have a point, I also experienced much loss on daily trading, I heard less idea on how to trade in cryptocurrency then, I went on and invested all my money on a single coin (Trons) then with the aim of getting profit in three days, when I sold the coin after three days, I experienced great loss, losing about 25% of my capital, so it is better to have experience on any business before jumping into it. @Zamani1

[Malikjnb 1235]

I never feel bad because I know trading is very risky. I learn lesson from my mistakes. I think if you want become a good trader then you will understand it while loss and you will never leave because the next day you will take a good profit.

[Zamani1 17]

4 minutes ago, Biojay said:

Yes mate, you have a point, I also experienced much loss on daily trading, I heard less idea on how to trade in cryptocurrency then, I went on and invested all my money on a single coin (Trons) then with the aim of getting profit in three days, when I sold the coin after three days, I experienced great loss, losing about 25% of my capital, so it is better to have experience on any business before jumping into it. @Zamani1

@Biojay You are very right mate. Cryptocurrency trading and investment shouldn't be done when one don't have full knowledge and understanding on it as it may lead to a great loss of one's investment. Also, it is advisable one should invest on coins one don't have full knowledge and understanding of for one to be on the savers side.

[1qDan 478]

Both options have clear disadvantages, for example if you bet on a currency that is on the rise you can lose your money due to a price collapse and in the case of buying at a low price, because nobody assures you that the price will rise, instead it is safe that it goes down even more and the return must wait a few months.

[Jaafar Fahad Hassan 114]

9 hours ago, Biojay said:

Yes mate, you have a point, I also experienced much loss on daily trading, I heard less idea on how to trade in cryptocurrency then, I went on and invested all my money on a single coin (Trons) then with the aim of getting profit in three days, when I sold the coin after three days, I experienced great loss, losing about 25% of my capital, so it is better to have experience on any business before jumping into it. @Zamani1

Sorry about your loss, but I feel you have made a wrong attempt, you have failed in the first attempt you took, and you have learned from your failure, it happens, am sure next time before you invest in any coin, you will have knowledge about it first

[ShiNorton 906]

I feel guility but I become strong again & I try to improve my skills with the patience.I wake up & restart the journey in the trading. Crypto trading won't always give profits friends. Many  times I've lost crypto in trading & many times I regained profits from trading so profits & losses are related.  

[Roarnoman12 621]

My dear anyone would feel bad fir losing money.but, as a trader, we must have courage to face such type of situation. You have yo face one thing in trading, profit or loss. 

[zhoutong 2188]

If you ask the traders they won't change. They will keep trading and making money from this. You think that they all lose money but this is not correct. Many lose because they think it as a casino, when you see it as real trading and know what you have to do you don't go bigger than what you should and make small profit.

[lharost 1526]

Unless you're trading with too much money that you can not afford to lose you should not feel that bad when you lose some money on trading.

 

There's no guarantee that any of the trades that you take is going to profitable and you always should be prepared for the worst and you should have your stop-loss and take profit ready for such things that could happen at anytime, if you are really totally ready for the worst it's very unlikely that you lose that much money that even ruin your day let alone your portfolio.

[susan8929 811]

Yes, it is true, daily trading is too complex and can lead to many losses if you do not know the market well. It is always advisable to do what you say, buy a coin and keep it for a while, be it days, weeks or even months.
If someone wants to do daily trading, then it is ideal to study too much and acquire a good knowledge so that they do not have losses, or at least they are minimal.

[mzk7736 1592]

First of all there are not a lot of opportunities for us to purchase coins at discounts. The losses in the day trading help us to gain experience a little bit as well. So profit and loss is a part of trading we should not be demotivated by any small loss.

[ABIR21 426]

It was sad moment for me when i lose money.  I felt disappointing.  But it is Normal on trade.  So i again invested on crypto and i got good profit.  That was a joyful situation.  

[godislovefll 1880]

On 1/23/2020 at 6:21 PM, Maxtron73 said:

Day trading can get you enormous gains , but can also pipe away your savings in no time if you do day or very short term trading. Instead if you buy at discount prices and just hold for long term ? Would it not be better to acquire huge gains and risking less ?

Daily trading is better if you have experience but as you say it is a little more risky but on the other hand, long-term ones give profits but they will not be similar to the profits that could be obtained in daily cryptocurrency trading.

[MalikAdnan 1662]

Yes it is true when you lost your money then your mood become off no doubt. You also feel very sad but with the new zeal and zest you come out and work hard and try hard so it is very helpful for us.at least we we win.

[Idaho Bruk 573]

When I lose money in day trading, of course I feel bad but it's ok, I don't want to give up, I just keep continue until I earn more profit, it is not I always losing money in trading

[Wane Rastuar 583]

Short term trading is very uncertain and if you are doing day to day trading then sometimes you can earn huge from it and sometimes you will also face a huge loss if you are not trading in a good rate it is also very riskier

[Garion hirao 550]

In the case of business, profit will be loss. It is only natural to lose money when trading. Do not despair so you try again and again. Try to avoid the risks of trading will be successful

[RoyalHouse01 9]

It is alway heart broken when you feel that you have lsot in the trading and it will never go  back at the same level you have taken the start from which place.

[Ameralsamt 2558]

It's a very bad feeling, it's an indescribable feeling, the worst thing is to lose your money in such things, so everyone has to gain experience and learn well, to start with real profit here. 

[jappy 1129]

The thing is that the fundamental thing here without any doubt, is the knowledge once you have a lot of knowledge you start trading and you get big profits, meanwhile it is difficult.

[khan22 3478]

On 1/24/2020 at 4:51 AM, suzuya said:

Of course I feel sad and disappointed but it's really alright because it's part of the nature of trading, we shouldn't expect that we will always earn money from trading. Losing is the best way on how we can get experience, and that experience is the best way to become better and way more knowledgeable.

No one can like the loss and every one want to earn the money with zero loss but if you invest in any business  than you must to be ready for the loss and than you make money in the market becasue the loser win the high game always.

[online123 992]

If I continue to lose money by training, I will have a lot of trouble because I have made a lot of money and I think I have more to learn about trading.So I will learn a lot more about trading then trade again