Quote from: AliMan on August 05, 2021, 09:56:31 PM

Quote from: lightning0 on August 04, 2021, 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

It made me think about my brother who was ranting over his xrp and trend to dump because the value went at losing state. At first he was only motivated due to higher value price of his assets consisting other coins. But recently he was demotivated because of falling market which altcoin also suffered while btc was struggling to be back at $40k level.
That situation litteraly an example why a person lose in trading, emotions is our very concern here.
Never sell just because you're afraid to lose it all, but rather sell when price again comes for another ATH.

Yes, there are too many examples. We all understand the truth, and usually disrupt our plans during operation.

Investment will be risky, and keeping it within a price we can afford to lose is a good condition for our health.