Quote from: akihikohideaki on January 12, 2019, 04:29:39 AM

The crypto market is currently very unstable. I am easily affected, in panic selling conditions like now I sometimes sell bitcoin at a price lower than the purchase price. The result is a fatal loss.

So far, I have only relied on news information obtained from forums and social media and a little understanding of the foundation of price charts and market movements to make investment decisions in Bitcoin.

Then what is the way so that I can make a big profit ...?

How to effectively avoid unnecessary losses ...?

Set aside a portion of your income for your investments and consider them as the money that you are willing to lose. Since you have experienced losing money, learn from your mistakes and take responsibility of increasing your understanding on the market. Put MORE effort and do not allow to have a little understanding (like what you've mentioned) since all of these factors contribute to losing your investments without the proper knowledge.

Quote from: bonker on February 23, 2019, 04:33:36 PM

If you want to minimize your unnecessary losses then you should stop doing day trading,just concentrate on the longer term trading while the bull run begins.

Many people forget to make profits but they keep trading without any goals on it,in that case they will lose more than what they have earned.

Day trading can effectively garner you short-term profit, given that you understand the market price, data, and risk factors to consider. Unlike long-term trading, short-term trading relies on the volatile price and gaining profit despite the profit margin is low compared to long-term trading.