Post
Topic
Board Trading Discussion
Re: Fast ways to lose money trading
by
laredo7mm
on 29/01/2021, 17:15:47 UTC
👉No stop loss: This happened to me once. I lost a chunk of my capital. Stop loss was created for a purpose use it for every one of your trade.

👉Cut winners fast: Don't be greedy!! Collect your profits.

👉Let losing trades run: This would kill you, if a trader is going bad I think it's better to close the position at your stop limit rather than letting it run in hopes it may come back to our favor.


I think there is a better way to deal with a negative trade. If my trade goes against me then I can rebuy the same amount of token if the price dump 10 to 15% from my buying price. If the price still goes down then I can do one more buy but this time the amounts will be double. This dollar cost average will lower my entry points and if that project is good it will surely bull after sometimes. I have used these methods successfully my your chance of losing trade will be zero.