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/biz/ - Business & Finance

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22650115 No.22650115 [Reply] [Original]

I ONLY LOSE MONEY
Im only a few months in but I literally havent made a single good trade
Every time Im up I greed until it dumps
I fucking buy high and sell low
I've deleted over 1500 dollars so far which is a lot of fucking money for a minimum wagecuck
Hold me bros it feels cold

>> No.22650150

>>22650115
everything I've bought has only gone down, i don't even get a chance to trade anything because i don't sell low

>> No.22650183

>>22650115
Hold yourself and hold your coins long enough to rebound.

>> No.22650297
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22650297

buy smoll amounts in downturns until it starts going up again, and then wait till the break even of your intial investement then decide to sell or keep holding. most likely it will go down, just buy some more and wait for the roller coaster

>> No.22650347

>>22650115
The easiest way is to find something good and buy the dips. Chainlink is a good example of something down right noe and getting no love, but is almost certain to break its previous $20 ATH. You might just have to hodl for a while.

>> No.22650853

After making this thread I lost another 200 dollars
15 hours of waging
Fuck my life I cant go on much longer

>> No.22650938

Good luck loser.

>> No.22650949

>>22650115
man wtf lock in your gains with in profit stoplosses

>> No.22650976

GEM is a scam. There are never any whales.

>> No.22651008

>>22650115
You're trading the wrong shit, the wrong way. Shitcoins aren't for everyone (i.e. anyone who isn't a scammer or whale).

>> No.22651490

I lost money on everything I fucking touched, every single coin
I was up and never took my profits
My stomach hurts so bad Im going to sleep

>> No.22651575

>>22651490
Then learn to take your profits.

Sell as soon as you can.

>> No.22651596

>>22650150
Are you me?

>> No.22651670

Have a goal. If your goal is a car, start taking those medium term profits. Keep it in cash and wait for the dip, then repeat.
Easy but takes patience.
Once you build up a good amount, you unlock the ability to make enough to change your life, but these holds are long term. Find a project (RLC) invest and forget about it.
Then one day youre rich

>> No.22651682

>>22651670
Thanks for the advice

>> No.22651773

>>22650115
At least tell us you claimed your 400 UNI.

>> No.22651836

>>22651490
>>22651575
I'd say set a mental stop loss, a point you find acceptable to lose funds in the event of a dip. That way you don't get caught in anything serious/lose all your money. Base it off past price fluctuations in the coin if possible. You'll make a profit. Even if it's not too great of one.

Better than losing all of it

>> No.22652868
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22652868

I’m a fucking retard, got bot fucked and bought Chartex at .30 then it plummeted to .06, I wanted to flip it and buy more UNI but my dumbass was left with 1/4 of my investment. I’m fucked and not gonna even get my initial investment any time soon. Then in the morning I bought 1 ETH worth in UNI at 7.25 right before it plummeted to 5.30 FUUUUUCKKKKKKK WHY AM I SUCH A RETARD WHY CANT I MAKE GOOD DECISIONS IM BOUND TO STAY A POORFAG THE REST OF MY LIFE IM SO CLOSE TO GIVING UP

>> No.22653186

trading is hard
dont listen to anyone who tells you otherwise
it takes a long time to become profitable, and some never do. consider a different venture if you can't get the hang of it. its ok cause most people have trouble making money trading.

>> No.22653721

Every post ever made on biz about people losing money is because they want to trade and refuse to use stop losses. When you buy something you expect to give you a profit in the future and it immediately starts to lose value why would you ride that sinking ship? The moment you decide to click buy your expectation is sometime in the future whether it's 5 minutes or 5 weeks. If it didn't even go up enough for you to see a 1% profit you obviously picked the wrong time and that's ok as long as you bailed with at MAX maybe a 2% loss but I prefer 1% myself since my trading account is small (sub 10k).

Think of it this way. You can make 5 losing trades in a row and lose 1% each time + exchange fees but that sixth time you finally get a winner and it gets you 15% then you net 10% profit. So long as you practice risk management with discipline and no emotion you will grow your value eventually. Growth becomes exponential as you roll your profits into your next trades. Even if you made a simple goal of making 1% profit a day, you'll double your money in a few months. Over the course of a year you might get some jackpot trades that give you 200% in a day like UNI just did and your portfolio balance explodes and suddenly that 1% a day goal starts to look better and better. At 10k that becomes 100 dollars a day which is starting to rival minimum wage cucking.