Quote from: Bustart on Today at 06:48:50 AM

Quote from: lightning0 on Today at 06:36:38 AM

The reason why investors often lose money; as a novice, I summarized the experience in trading:

1. Investment does not equal speculation
2. Not aware of new market changes
3. Do some price comparisons of several currencies that are promising in the past and this year (you can also search the project keywords in the forum to see everyone's thoughts on this project as a reference)
4. Speculators also lose money. Investors are thorough gamblers. When I didn't buy in, I kept holding. If the currency price drops sharply, we will be finished. Maybe speculators buy at the same time (the speculators who have done the market record will be aware of the red flag warning, bad things will happen, the speculators will take action to minimize the loss, and then wait for the next favorable Opportunity to act again

There are some rules to keep in mind:

1. Never sell because the price looks high. For example, if you look at it from 10 to 20, what should you judge at this time is what is preventing them from 20-50?
2. Similarly, don't buy directly because of the high price in the previous period and a lot of drop. The decline is justified.
3. Never equalize the loss in your current account, as there is a high probability that you will lose more.

We are already in a fickle market, and more often there are no rules to follow, but setting up some own trading rules will reduce my losses.

Hope to communicate with everyone

Basic rules will only apply for us if we follow our emotions, though we have the courage to battle all the anxieties that we felt everytime btc and other altcoins go down. That's always important to consider your safe zone first before final decision will prevail. Often times we lose money because of greed, when you find all things work out for good then don't hesitate to dump while there's no possible spikes will exist after your coins reached the peak of its value.

When I got to real trading that is where I battle with emotions and fear this is a big challenge especially for newbies following those trading rules becomes a big problem infact after a losing streaks a trader will jettisoned the trading rules and trade in a bid to recoup all the loses thus ended up with more loses I believe to ease such emotions and fears is by trading with the amount of fund you can afford to lose at least to reduce the risk involved in trading this is the area where a lot of traders or investors fails this main reasons why a lot traders fund got liquidated.