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Author Topic: How to stop losing money in crypto market  (Read 4792 times)

robertsmark

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How to stop losing money in crypto market
« on: May 21, 2021, 10:58:26 AM »

Rule #1: Only invest idle funds.
Rule #2: Only invest when you don’t have to make ends meet.
Rule #3: Only invest when you don’t have to make ends meet.
Rule #4: Dollar-cost averaging (DCA) investment strategy.
Rule #5: Set a profit target and stick to it.'
Rule #6: Control your greed, fear and regret.
Rule #7: After each successful take profit, convert into assets.


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Re: How to stop losing money in crypto market
« Reply #1 on: May 21, 2021, 02:33:07 PM »
Thank you for that advice!

Redix

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Re: How to stop losing money in crypto market
« Reply #2 on: May 21, 2021, 11:46:16 PM »
To avoid much losing in crypto investment or trading, you must have proper or sufficient knowledge about crypto. This is very helpful for you to know the right strategy or the right step to apply in your crypto investment or trading. While another thing to have, is self control. This can make you to avoid unrealistic goal or nonsense way in your trading or investment.

CryptoStar19

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Re: How to stop losing money in crypto market
« Reply #3 on: June 28, 2021, 03:09:20 PM »
First understand what bitcoin is so that you conviction doesn't shake when prices take a hit for the reason of one FUD or another, then DCA into bitcoin and holding in the long run (over years) is a sure bet.

kirillshift

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Re: How to stop losing money in crypto market
« Reply #4 on: June 29, 2021, 11:48:42 AM »
If you are a spot hodler:
1) find great entry point
2) DCA if price goes down
3) take profits on the way up
4) buy dips
5) don't FOMO on pumps

If you are a trader:
Don’t FOMO on pumps, always buy short time frame dips
Stochastic RSI 1H and 4H a great tool to help you

And, if you want to copy our trades, you're welcome to join our free TG group:
https://t.me/buymecrypto

bignicsummer

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Re: How to stop losing money in crypto market
« Reply #5 on: July 29, 2021, 04:01:46 PM »
I agree with most of the comments. But the most important thing is to be cold-blooded and not to do rash things.

autodathe

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Re: How to stop losing money in crypto market
« Reply #6 on: August 05, 2021, 10:32:16 AM »
Rule #2: Only invest when you don’t have to make ends meet.
Rule #3: Only invest when you don’t have to make ends meet.
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Why is it written 2 times? Is it that important?

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Re: How to stop losing money in crypto market
« Reply #7 on: August 05, 2021, 03:14:12 PM »
I think one of the first steps should be to research one's exchange very well. Scams are a big problem for this industry, make sure you avoid them!

korbo92

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Re: How to stop losing money in crypto market
« Reply #8 on: August 08, 2021, 12:29:57 PM »
Reasonable

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Re: How to stop losing money in crypto market
« Reply #9 on: August 08, 2021, 03:14:08 PM »
Do you do that?

Redix

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Re: How to stop losing money in crypto market
« Reply #10 on: August 08, 2021, 11:59:04 PM »
But the most important thing is to be cold-blooded and not to do rash things.
What do you mean? Are you trying to say "patient take the role".
For those people who can be patient and smart to decide everything, they will be successful in crypto market. I agree with this because without patient and smartness, people will be too easy to be influenced by FUDs. FUDs are everywhere in crypto space.

folerkot

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Re: How to stop losing money in crypto market
« Reply #11 on: August 09, 2021, 02:59:48 PM »
What would discuss with u - Fetch. They show great results. They have huge partnership with Bosch and Ocean Protocol. They allow you to put limit orders on your LP and change percentage of each asset. A real gem, up and bullish on them

dutchy1986

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Re: How to stop losing money in crypto market
« Reply #12 on: August 14, 2021, 01:32:48 PM »
I’ve always treated my crypto investing as a bit of fun that may make me millions or may lose me some pocket money. At this stage it’s hard to know if it will be fully integrated but would hate to miss the train.

WalletInvestor

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Re: How to stop losing money in crypto market
« Reply #13 on: August 24, 2021, 11:08:07 AM »
This is very sound advice. But I think instead of setting profit targets, it's better to have a detailed trading plan - thinking too much about profits can evoke feelings of greed. Your trading plan should have exact strategies on entry and exit points.
Check out the latest forecasts and news about cryptocurrencies, stocks, forex pairs and more on WalletInvestor.com

ritajane21

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Re: How to stop losing money in crypto market
« Reply #14 on: September 08, 2021, 08:27:33 AM »
To stop losing money in crypto market there are various ways. Online videos will help you to learn all information about cryptocurrency.

1. You have to get knowledge about cryptocurrency.
2. Observe one to two cryptocurrencies at one time.
3. Follow the price chart on daily basis
4. Need to update regarding cryptocurrency like future plan, projects and many more.
5. Don't invest all money on one crypto but invest separately (2-3 cryptocurrency)
6. When their prices goes high then sell them.

With this way you can get more profit & save your money. We lose our money due to lack of information or knowledge so keep update your knowledge by joining crypto chat community. Website:- https://cryptalks.app/

 

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