What is your plan when you lose big in crypto trading?

[taufik123]

-snip-
Avoid those trading groups. It would also be good if you avoid future trading because it is very risky. Those groups are scam if they demand money from you. If you make profit from spot trading, then go back to spot trading. It is less risky.

Many trading groups give short or long signals, but it is very risky.
Because such practices will only harm users.

Those who create the signals simply manipulate everything,
manipulating users who are interested in using the signals.

Spot trading is indeed safer than future trading, less risky and will not be liquidated.

[ajiz138]

-snip-
Avoid those trading groups. It would also be good if you avoid future trading because it is very risky. Those groups are scam if they demand money from you. If you make profit from spot trading, then go back to spot trading. It is less risky.

Many trading groups give short or long signals, but it is very risky.
Because such practices will only harm users.

Those who create the signals simply manipulate everything,
manipulating users who are interested in using the signals.

Spot trading is indeed safer than future trading, less risky and will not be liquidated.

Yes, it's not just one or two groups that I've seen that they give a trading signal, they even promote it on social media. Their followers are usually beginners, because they don't know anything and are easier to influence.

Not infrequently, they also open paid VIP signals, they are looking for profit for themselves. I hope we can be more careful when we see groups like that, it's better for us to do our own analysis.

[bounceback]

I am a crypto trader, and i am trading here from 2015. And still trading. Overall i am profitable in trading. Basically spot trading is my favourite. And from the beganing i am doing stot trade.

But Some days ago my friend tell me about future trade. And he join me in his future trading group. And he tell me invest $500. He tell me will give signal and i will follow his interaction. But i saw within 3 days i lost my all fund.

It was my big loss in cryptocurrency trading. And my plan always i will trade in spot section. Never will trade on future section. It is my first plan.

You are most experienced in cryptocurrency trading since 2015, I younger several years from you but know about bitcoin after investing at MMM Global just understood about bitcoin as payment for deposit fund to that website before become scam. After loss my investing in MMM Global I try trade with bitcoin and some altcoin but at the early 2016 many worth of coins for trading have lower price and easily take much profit in short term.
Talking about big loss ever trade in future and reach my capital from $100 until success become $1000 but not withdraw yet before loss all it, now only focus with  spot trading because less risk although price drop we can hold it until recovery back to the higher price.

[Mr. Magkaisa]

I pretty much agree with you because when we invest not all investments will always be profitable.  Once in a while you may face loss.  So I would suggest if you want to become a real trader then invest some of your money.  By doing this you will be able to train slowly and eventually benefit.

       -     Traders should be expecting the worse. If 90% of traders are estimated to be losing, then anyone that wants to become a trader or that is a trader should be expecting losses even if they are using small amount of money to trade. But if small amount that the trader can be afforded is used for trading, this should not result to any financial problems.

Here you are saying this is better, expecting the worst in the crypto industry, because it is possible that you can get a profit when you think of it as a crypto trader in a field like this.
Because they often get good earnings in the crypto space, they often lose a huge amount of money and just waste their time and effort in the hauling because the coins they spend time and effort on are wrong.

[taufik123]

-snip-
Not infrequently, they also open paid VIP signals, they are looking for profit for themselves. I hope we can be more careful when we see groups like that, it's better for us to do our own analysis.

LOL is a VIP group that is just a group of scammers who take advantage of the innocence of beginners.
Only various buy and sell signals without any analysis and have quite a lot of members.

In the past, I may have been involved in some VIP groups like that, but I didn't pass it on and realized that the signals given were just signals that were manipulated so that they could profit early

[alltalk]

Many trading groups give short or long signals, but it is very risky.
Because such practices will only harm users.

Those who create the signals simply manipulate everything,
manipulating users who are interested in using the signals.

Spot trading is indeed safer than future trading, less risky and will not be liquidated.

Just don't rely on the group signals!
It is true, they are untrusted because they only want to take the advantages of it. In many cases, the owner of the group signals work together with certain projects. So, they are trying to make good signals for certain coins, they try to attract people to buy the coins. At the end of the day, many people are trapped with the good signals.

Indeed. It is better to choose trusted coins and trade in spot. Binance can be one of a good option, but don't trade in future! 

[KingsDen]

I rarely expect big losses because I usually trade with funds I can afford to lose. This is because trading isn't my primary source of income. However, I think the best plan is this as well. Having a substantial amount of extra cash set aside, in addition to the funds you're using for trading.

If the fund you are using to trade gets exhausted, you will sink in and find and keep another backup fund incase there's another issue in the future. Is this truly a sustainable way to go?
I will suggest we have an amount for trading and when all goes, we should stop trading and consider yourself a bad trader. If possible go learn how to trade again.

[ajiz138]

-snip-
Not infrequently, they also open paid VIP signals, they are looking for profit for themselves. I hope we can be more careful when we see groups like that, it's better for us to do our own analysis.

LOL is a VIP group that is just a group of scammers who take advantage of the innocence of beginners.
Only various buy and sell signals without any analysis and have quite a lot of members.

In the past, I may have been involved in some VIP groups like that, but I didn't pass it on and realized that the signals given were just signals that were manipulated so that they could profit early

For those of us who already know how they work, then we will really consider them a group or individual fraudsters. They give signals without any clear reason, and we do not know whether they really analyze or not.

Indeed, beginners are their target, because beginners still do not understand what they are doing and assume that people who have known trading for a long time are already professionals. And even if someone tells them something, they will easily believe it.

[milewilda]

I rarely expect big losses because I usually trade with funds I can afford to lose. This is because trading isn't my primary source of income. However, I think the best plan is this as well. Having a substantial amount of extra cash set aside, in addition to the funds you're using for trading.

If the fund you are using to trade gets exhausted, you will sink in and find and keep another backup fund incase there's another issue in the future. Is this truly a sustainable way to go?
I will suggest we have an amount for trading and when all goes, we should stop trading and consider yourself a bad trader. If possible go learn how to trade again.

Trading plans would really be that something which is really that recommended or something that would really be crucial on which its really just that right that you would really be that having those limitations on the moment or time that you would be losing big money with trading. You cant really just that make yourself keep on depositing for trading capital if you dont really know on what you are doing. People would really be that usually be trying to chase up their loses and on the moment that they would really be that become too desperate then this is where
things becomes even more problematic.

[Sim_card]

-snip-
Avoid those trading groups. It would also be good if you avoid future trading because it is very risky. Those groups are scam if they demand money from you. If you make profit from spot trading, then go back to spot trading. It is less risky.

Many trading groups give short or long signals, but it is very risky.
Because such practices will only harm users.

Those who create the signals simply manipulate everything,
manipulating users who are interested in using the signals.

Spot trading is indeed safer than future trading, less risky and will not be liquidated.

Yes, it's not just one or two groups that I've seen that they give a trading signal, they even promote it on social media. Their followers are usually beginners, because they don't know anything and are easier to influence.

Not infrequently, they also open paid VIP signals, they are looking for profit for themselves. I hope we can be more careful when we see groups like that, it's better for us to do our own analysis.

If it is easy for them to make profit through trading with the signals that they are giving, why are they not rich by now and focus more on trading to make huge profit instead of selling fake signals that will lead people to more losses. If you don't know how to trade, forget about it and learn till you have the knowledge and have your own strategy which will favor you. You can be practicing with a little amount of money that you can afford to lose. Think more of the future than the present which made me quit trading because it made me run at loss anytime I try it.

[taufik123]

Just don't rely on the group signals!
It is true, they are untrusted because they only want to take the advantages of it. In many cases, the owner of the group signals work together with certain projects. So, they are trying to make good signals for certain coins, they try to attract people to buy the coins. At the end of the day, many people are trapped with the good signals.

Indeed. It is better to choose trusted coins and trade in spot. Binance can be one of a good option, but don't trade in future! 

A trap to benefit themselves and sacrifice others.  It could be an order from some party or pure manipulation carried out by the owner of the group.
It's better to stay away from such groups, I used to be involved in them and saw how many people entered at high prices and suffered a lot of losses.

And yes, don't get into future trade, it won't be saved.
It is better to trade spot and will not be liquidated.

[UNIVERSE]

If it is easy for them to make profit through trading with the signals that they are giving, why are they not rich by now and focus more on trading to make huge profit instead of selling fake signals that will lead people to more losses. If you don't know how to trade, forget about it and learn till you have the knowledge and have your own strategy which will favor you. You can be practicing with a little amount of money that you can afford to lose.

If they can guarantee the signals, it must be paid, they won't share the signals for free. They won't share something who can easily make money for free. No people in the world who are really kind to share something to make us be rich with no fees. It is just a bit strange that there are social media groups sharing good signals. 

Yes, just focus more in learning if we still can't trade properly. We don't force our selves to trade with lack of knowledge. Crypto trading is high risk, it is stupid to trade crypto coins with lack knowledge.

[vegasus]

In the past, I may have been involved in some VIP groups like that, but I didn't pass it on and realized that the signals given were just signals that were manipulated so that they could profit early

Honestly, I have also been a member of VIP signal trading, when I was still a novice at trading. And indeed, they only provide prediction signals in the form of what Coin, enter at what number, Short/Long, TP/SL, and it really doesn't explain how the analysis is and what if we are late in knowing the signal, is it still safe or not to enter at that time. Unless we chat them privately, but that also often doesn't work. But indeed, maybe it only works for some traders who already have experience who can analyze but use trading signals as just one guideline. Because in the group, there are also many claims of success for the signal. It's just that I personally, honestly really didn't understand and only waste money. wkkwkwk

[Charles-Tim]

If they can guarantee the signals, it must be paid, they won't share the signals for free. They won't share something who can easily make money for free. No people in the world who are really kind to share something to make us be rich with no fees. It is just a bit strange that there are social media groups sharing good signals. 

Yes, just focus more in learning if we still can't trade properly. We don't force our selves to trade with lack of knowledge. Crypto trading is high risk, it is stupid to trade crypto coins with lack knowledge.

There might be some good ones but almost all of them are bad and people will lose. The good ones can provide good 7
60% accurate signals but newbie traders will use it and still lose because they are doing something wrong. 99% of signal groups are scam. Yes it is better traders learn trading by themselves instead.

[bayu7adi]

Honestly, I have also been a member of VIP signal trading, when I was still a novice at trading. And indeed, they only provide prediction signals in the form of what Coin, enter at what number, Short/Long, TP/SL, and it really doesn't explain how the analysis is and what if we are late in knowing the signal, is it still safe or not to enter at that time.

My experience was also bad for VIP signals... after failing to become their follower, I decided not to want to have anything to do with cryptocurrency for a few months... even though it was my own fault, but I hated the entire cryptocurrency ecosystem at that time...

I came back to my senses when I started learning about the Bitcoin Core wallet... there I started to get interested in diving back into the cryptocurrency world....

My advice is, never take cryptocurrency buy and sell signals as something easy... it still requires analysis, because sometimes they don't give reasons for making such decisions. So we must remain smart in considering decisions in trading using references from others.