Post
Topic
Board Trading Discussion
Re: Should I stop trading in this bear market?
by
pinoyden
on 27/11/2018, 23:29:48 UTC
Trading is like an addiction, but this bear market seems will be very long. Bitcoin is going to under 6k USD, ETH is now 262 USD, Almost 80% coin fell down. I can't make profits at this moment in trading, Because after getting a little bit of profit, the market again goes under, then another coin eats my profit too. What should I do now?
That's right, I agree with you and all you explain is the truth.. I have suffered a lot of losses due to falling prices. Most traders will not be able to fight this very bad market situation. I have not dared to spend funds to invest now.
Trader should be able to gain profit when the market goes up and down. You should learn how to short.
I just can suggest you to try trading demo like coins2learn.com and try to learn how to sell and buyback, maybe you could try another demo sites that provide a margin trading feature.

Its hard to trade knowing that almost all coins are down but it is possible to earn a profit only if you trade on other assets (e.g forex  , stocks , etc ) because they are not volatile when compared to cryptocurrency  .  the only downside on trading them is that you can only earn a small profit  but that is better than nothing at all .

 also , many guys said that trading with these kind of assets are a little bit harder because they are using old method or system , not unlike to cryptos that may seem to be understandable even if you are a still a newbie .