Quote from: Anders_Bitcoin on May 16, 2022, 01:48:08 PM

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.

I will also share my version of the trading strategy in this topic too

- Timeframe - 5 minutes
- Look for a big accumulation of highs or lows and use them to draw the level
- When this level breaks through, go in the direction of the trend, put a stop-loss outside the high or low
- Keep the risk/reward ratio of 1 to 3
- Use no more than 4x leverage (Cexes – Binance, Kraken; Dexes – Wowswap or Ddex)
- Profit!

It's not that easy, or else everyone would be making easy profit everyday, and if everyone is making easy profit everyday, who are the people losing? For every trade, there's always a counter-trade against you who also believes that he/she is right. Better to just buy the DIP and HODL, and make it hard for the "traders" to get what they want most from you. Your Bitcoins.