Post
Topic
Board Altcoin Discussion
Re: Many new traders are playing to lose
by
Ten98
on 03/10/2019, 10:46:01 UTC
Are you playing to lose or you are playing to win? a friend of mine lose all his bitcoin to trading and when he started complaining about i decide to take a look and i detected that he traded in a gambler's way.
He has 100$ and he traded just twice with 50$ which results in quick lose,im not an trading expert but most trading platforms always warn traders to limit their trading to the highest of 10$ which would have given him more chances to continue trading

Apart from not learning how trading works he is playing to lose,i think this is what many newbies are doing as well,if you are doing the same you will always end up losing your money,if you want to bet 50$ on a trade you must have thousands  of dollars on the trading platform not trading with 100$ and be praying for a miracle.

Trading is not something you can rush,expert traders out there spend days trading for profits and if a particular day is full of loss they quit trading for that day.
I think not only new traders experience losses or losses when trading, old traders also suffer losses if they cannot analyze the right time to buy and sell,if your friend loses $ 100 dollars enough to be an experience in his life, if he returns to trade my advice is to choose btc and eth, do not trade on coins that are not yet popular.