Quote from: ancafe on October 16, 2023, 04:19:27 AM

Quote from: JULIA2023 on October 15, 2023, 06:08:27 AM

Kindly share your experience that I m doing a loss you are also a part of my problem so that I want to khow where I done mistake.

You trade in the wrong coin and perhaps the confidence caused by the hype in trading is quite dangerous and we are unable to control when there is a decline in the coin. Even if you buy a coin when the price is down, if the coin does not have good fundamental levels or is only influenced by hype then it is not a good decision to get involved in it. I don't trade on the short term because I don't have any special skills, but I prefer to trade when I am truly prepared for all the possibilities that may occur. The mistake is that you don't understand trading but still insist on getting involved in it using a large budget at once and you should trade with a small budget first if you don't have the experience and skills.

The coin chosen must be able to be analyzed for its development because engaging in short-term trading is much more difficult than choosing long-term investments. If you don't have this ability, you should choose a coin that is much more fundamental for trading, so that you can avoid losses like the ones you felt at that time.

He didn't mentioned if what coin he used but maybe he lacked in patience and sell at a loss because he said the coin he picked dumps right after a dump. Coins like this are not always the shit coins but it can also happen to the good coins especially now that we are still in the bear season.

In trading, I think it is possible to control the coin when it's declining but as long as you didn't set a stop loss. Whether we are trading for short or long term, a special skill is still needed because trading is not easy. He didn't use large budget at once but he only start with 1k dollars. The amount was still huge for the most of us poor but maybe not really for him knowing that he is only a trainee that time.