Quote from: minime0105 on May 07, 2022, 11:56:05 AM

Quote from: GiftedMAN on May 07, 2022, 11:15:03 AM

Over the years I have come in contact with so many traders and 65% of them have always complained about not making a profit in their trading when asked the reasons behind their losses they have always responded by saying this,( bad luck). You can not make profit in trading without observing the trading rules.

Here Are A Few Steps To Avoid Losses In Trading:

1) Have good knowledge about Trading: In order to avoid losses in trading, I advise every trader and those intending to venture into trading to get knowledge of trading first before trading. Go for online classes(Youtube) for a pre-trading experience, register for mentorship classes, and onsite classes for a fast and better understanding.

Note: Learn To Earn.

2) Trade With Well Known Trading Platforms Only: To avoid losses as a trader, ensure you trade with the recognized trading platforms, e.g, Bitfinex, Binance, Huobi, Coinbase, Bittrex, kucoin, be careful and don't trade with an unfamiliar trading platform.

Note: Walk with the wise you become wiser.

3) Master Your Trading Strategy: Traders who make huge profits in trading have one secret which they do not share that is their trading stategy. They master one trading pattern and they work with it, when you master your strategy, you will trade with confidence you will jump around looking for signals or analysis before trading.

Note: Stick to what works for you.

4) Understanding The Power Of Risk Taking: As a trader, taking a risk in trading is good but knowing when to take the risk is better, so many traders lose money in trading because they believe that everything about trading is risk-taking no, you only take cross-examined and calculated risk only in trading this will help you to stop even when your profit margin is high.

Note: We trade to grow not grief.

Summary: Your profit must be greater than your losses if your a good trader so trade with wisdom.

That is the main reason you trade (Profit). Any trader who does not make profit in trading should go back to the drawing board and get more trading knowledge, you can not regard yourself as a trader when you lose funds every day. Just like the op said, learn to earn.

Learning in trading is the most basic rule a good trader needs to do before he engage himself in real trading. However, newbies tend to forget this, but they always believe in a lot of speculations without finding the facts first. Because of how they see trading as a quick rich scheme, they always fall for losses. And losses in either way becomes inevitable in trading, but at the end of the day, a good trader should learn to overcome his losses and maximize his market gains so he can sustain trading.