What is the main reason why you trade

[ajiz138]

In futures trading, using stop loss will be very good, exactly as you said. It allows us to avoid bigger losses or even lose all our money.

Some people are too brave to take risks that eventually make them regret it. Maybe we have all heard a lot, "if you don't take risks then there is no profit", yes that's true. But we also have to measure our ability to take risks.

taking risks must be measured, so we cannot take risks without analysis and experience.
Futures trading is very risky for those who do not have the skills in trading, it is better to do spot trading if our futures trading does not have experience there.
because the risk is high and my analysis is also not good in futures trading.

Yes, you are right, it is better to trade spot, because in terms of risk, spot trading is even smaller than futures trading. In spot trading, we only need to hold longer when the price goes down.

Maybe in terms of profit-taking speed, spot trading will take longer, but it is also commensurate with the risk. We do not expect quick profits but with low risk, everything will be balanced.

[albon]

Of course people trade to make money but many lose a lot of money from it. But there are addictions in everything and especially where there are money making tricks then addiction comes into play. It won't become addictive when you trade repeatedly and lose money and at some point you will want to avoid that. But when you are making money from crypto with a strategy you will become addicted to it. Also gambling is different because from here you can become suddenly rich which can be a big addiction.

[Mr. Magkaisa]

Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.

Don't you think a trader can as well become addicted?

          -     Maybe with other traders they can become addicted to trading, and this is a case-by-case basis maybe, because if you always get a good profit from trading, then I think it's okay to be addicted if the trading activity you do becomes profitable.

But even so, what we have control over ourselves is still different; our trading psychology is still different from normal because we know that nothing good addiction is caused when it is formed in our personality as a trader.

[bounceback]

Of course people trade to make money but many lose a lot of money from it. But there are addictions in everything and especially where there are money making tricks then addiction comes into play. It won't become addictive when you trade repeatedly and lose money and at some point you will want to avoid that. But when you are making money from crypto with a strategy you will become addicted to it. Also gambling is different because from here you can become suddenly rich which can be a big addiction.

Its risk from business not only from cryptocurrency trading but all kinds of business have opportunity get loss a lot of money, only people with most patience and have winning mentality get success in trading or when build up any business. Firstly, all exchange market have warn about trading can't  guarantee with much profitable to earn and have bigger risk but every one already if want earn much profit must brave with bad possibility have loss in the future.
Its not difficult technique with trading cryptocurrency and if you have much experience can manage well how to earn profit and minimize risk if market going down.

[Publictalk792]

Its risk from business not only from cryptocurrency trading but all kinds of business have opportunity get loss a lot of money, only people with most patience and have winning mentality get success in trading or when build up any business. Firstly, all exchange market have warn about trading can't  guarantee with much profitable to earn and have bigger risk but every one already if want earn much profit must brave with bad possibility have loss in the future.
Its not difficult technique with trading cryptocurrency and if you have much experience can manage well how to earn profit and minimize risk if market going down.

You are right all businesses including cryptocurrency trading involve risk and potential losses. Want to succeed you need patience and positive mindset and willingness to take calculated risks. Exchange markets warn of potential losses so caution is essential. Trading cryptocurrency requires experience and skill to navigate market changes. Successful traders minimize risk and maximize profits through risk management. With this skill traders can thrive in dynamic cryptocurrency market.

[debra]

In futures trading, using stop loss will be very good, exactly as you said. It allows us to avoid bigger losses or even lose all our money.

I think both in future and spot, stop-loss is needed. It minimizes the risks of severe losses. In future, it prevents from losing all money. So, it is actually a fundamental tool in trading. People who cares about the potential losses, they will always use the stop-loss in their trading activity.

Some people are too brave to take risks that eventually make them regret it. Maybe we have all heard a lot, "if you don't take risks then there is no profit", yes that's true. But we also have to measure our ability to take risks.

In my opinion, those people don't care or don't understand about the potential losses. If they are aware about this, they must use the stop-loss feature. Even if a trader is brave to take the risks, it doesn't mean he can trade in a careless way. Everyone should be a smart trader, using stop-loss is a smart way to avoid huge losses.

[Faisal2202]

Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.

Don't you think a trader can as well become addicted?

It's not like if we trade just to make some money or double our money we can get addicted to it just like a gambler who spend (waste) money to double, triple his money. I think trading is way cooler and sophisticated than gambling although both have their own perks and you also know trading is more beneficial and it's not like we are going to be addiciting to it.

But yeah it sets our mindset like we are some big investors even if we are trading with $100 we think big, and we make sometimes good decisions in our life too because trading has taught us to think out of the box and for the future and that's how trading can help us and we will trade only on the basis of analysis, and except that we are just gambling.

[taufik123]

Some people are too brave to take risks that eventually make them regret it. Maybe we have all heard a lot, "if you don't take risks then there is no profit", yes that's true. But we also have to measure our ability to take risks.

In my opinion, those people don't care or don't understand about the potential losses. If they are aware about this, they must use the stop-loss feature. Even if a trader is brave to take the risks, it doesn't mean he can trade in a careless way. Everyone should be a smart trader, using stop-loss is a smart way to avoid huge losses.

Quite precisely, Stop losses are an important part of trading to avoid bigger losses.
Sometimes the analysis we do will not be in accordance with the market conditions that occur, because there will be a decrease caused by unexpected things so that if you use a stop loss, the trading funds are still quite safe and only reduce a few percent according to the stop loss position that has been set at the beginning of the trade.

But many beginner traders or those who are already good enough to trade do not use stop loss, but this only applies to coins that are truly believed or that the trader has full control and makes quick trades to take profits faster.

[SmartGold01]

Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.

Don't you think a trader can as well become addicted?

          -     Maybe with other traders they can become addicted to trading, and this is a case-by-case basis maybe, because if you always get a good profit from trading, then I think it's okay to be addicted if the trading activity you do becomes profitable.

But even so, what we have control over ourselves is still different; our trading psychology is still different from normal because we know that nothing good addiction is caused when it is formed in our personality as a trader.

You think is that easy to become profitable while trading, yes you are right but most times is very difficult for traders to easily gets addicted to gambling, though my concern was about someone whom I knew that sold their personal belongings to fund their trading account but it ends up the other way were it was swipe off there account without even at profits, yet still went ahead to borrow money.

[MUGNIA]

Of course people trade to make money but many lose a lot of money from it. But there are addictions in everything and especially where there are money making tricks then addiction comes into play. It won't become addictive when you trade repeatedly and lose money and at some point you will want to avoid that. But when you are making money from crypto with a strategy you will become addicted to it. Also gambling is different because from here you can become suddenly rich which can be a big addiction.

loss due to wrong trading, if we choose the right coin then the level of loss is very small. there will only be a decrease in price, and the amount owned will remain the same only with a low value and in a period of time it can rise again for example BTC is different if you trade on meme coins

[SmartGold01]

Of course people trade to make money but many lose a lot of money from it. But there are addictions in everything and especially where there are money making tricks then addiction comes into play. It won't become addictive when you trade repeatedly and lose money and at some point you will want to avoid that. But when you are making money from crypto with a strategy you will become addicted to it. Also gambling is different because from here you can become suddenly rich which can be a big addiction.

loss due to wrong trading, if we choose the right coin then the level of loss is very small. there will only be a decrease in price, and the amount owned will remain the same only with a low value and in a period of time it can rise again for example BTC is different if you trade on meme coins

I wouldn't even encourage anyone to trade on meme coin or any shitcoin but what matters is having the right coin to trade just as you said, most people leave going for the right and go for the wrong coin that they think would give them immediate profits while they trade forgotten that if the market changes they would lose heavily.

[Gurujebs]

I wouldn't even encourage anyone to trade on meme coin or any shitcoin but what matters is having the right coin to trade just as you said, most people leave going for the right and go for the wrong coin that they think would give them immediate profits while they trade forgotten that if the market changes they would lose heavily.

100% of time traders do degen trading on meme coins, they do lost more than half of their portfolio. I was following this guy on telegram that do share airdrop update and recently he has been bullish on some meme coins, probably shilling so he can make profit and 2 days later, he has lost 87% of his portfolio, roughly $11k.

I also see some of his colleagues airdrop guys that post the same thing but they don't post their losses, I know it's there but they will rather lie to their communities that they are making money than show the losses they make and all their activities doesn't move me because I know memel coins are for people that has money for loss.

[SmartGold01]

I wouldn't even encourage anyone to trade on meme coin or any shitcoin but what matters is having the right coin to trade just as you said, most people leave going for the right and go for the wrong coin that they think would give them immediate profits while they trade forgotten that if the market changes they would lose heavily.

100% of time traders do degen trading on meme coins, they do lost more than half of their portfolio. I was following this guy on telegram that do share airdrop update and recently he has been bullish on some meme coins, probably shilling so he can make profit and 2 days later, he has lost 87% of his portfolio, roughly $11k.

I also see some of his colleagues airdrop guys that post the same thing but they don't post their losses, I know it's there but they will rather lie to their communities that they are making money than show the losses they make and all their activities doesn't move me because I know memel coins are for people that has money for loss.

Smiles.. usually no one plans for loss or wasting their money for memecoin, what really happened is that they don't set target and they felt the market is on their hands where they can easily control the market the way they wanted. I will not give much priority to memecoin neither would I hold it for long to trade instead immediately I have my x amount achieved I don't mind pushing it out immediately to secure my profit from losing because memecoin is the highest volatile coin than even bitcoin itself.

[Hisbullah]

I wouldn't even encourage anyone to trade on meme coin or any shitcoin but what matters is having the right coin to trade just as you said, most people leave going for the right and go for the wrong coin that they think would give them immediate profits while they trade forgotten that if the market changes they would lose heavily.

100% of time traders do degen trading on meme coins, they do lost more than half of their portfolio. I was following this guy on telegram that do share airdrop update and recently he has been bullish on some meme coins, probably shilling so he can make profit and 2 days later, he has lost 87% of his portfolio, roughly $11k.

I also see some of his colleagues airdrop guys that post the same thing but they don't post their losses, I know it's there but they will rather lie to their communities that they are making money than show the losses they make and all their activities doesn't move me because I know memel coins are for people that has money for loss.

Sometimes they only expose their victory to attract the interest of many people to follow their footsteps, they will not tell about their losses. This is what usually happens in a community, telling about real things and covering up the bitterness of their experiences. We must have our own analysis and considerations, do not be tempted by their seduction and follow them.

[SmartGold01]

I wouldn't even encourage anyone to trade on meme coin or any shitcoin but what matters is having the right coin to trade just as you said, most people leave going for the right and go for the wrong coin that they think would give them immediate profits while they trade forgotten that if the market changes they would lose heavily.

100% of time traders do degen trading on meme coins, they do lost more than half of their portfolio. I was following this guy on telegram that do share airdrop update and recently he has been bullish on some meme coins, probably shilling so he can make profit and 2 days later, he has lost 87% of his portfolio, roughly $11k.

I also see some of his colleagues airdrop guys that post the same thing but they don't post their losses, I know it's there but they will rather lie to their communities that they are making money than show the losses they make and all their activities doesn't move me because I know memel coins are for people that has money for loss.

Sometimes they only expose their victory to attract the interest of many people to follow their footsteps, they will not tell about their losses. This is what usually happens in a community, telling about real things and covering up the bitterness of their experiences. We must have our own analysis and considerations, do not be tempted by their seduction and follow them.

Even we seems to have followed them we should apply some form of smartness in everything we do, i mean, professionalism while following people and we trade and make some cool profits we should be able to understand there is what they calls "take profits" and immediately we achieved what we have invested we should look for away to sell off to secure our investment, be it trading and whatsoever because memecoin isn't something to hold for long term and when they hypes is over we should also dump them for something big and more better.