Why Do You Like to Lose Money?

This post is inspired by the questions I get on a daily basis and which I have answered in the same way for more than 1 year:
"I am stuck holding a coin and now I lost so much, what do I do?" / "I was all in a coin because I believed in it but now I lost so much, what do I do?"
"I entered a trade with because Legend Guru Master X said this coin will give me 300% and now what do I do, I lost so much?"

Dear friends, I can’t keep silence any more. I started from being surprised why people like to insist in doing irrational things, but now I completely am not able to understand or excuse this behaviour. Why do you like to lose money? That’s the main question I want to ask all "crypto enthusiasts" who trade, but invest, but trade, but they believe in crypto, but they sell, no buy, no sell, but don’t really have a plan...

Why your behavior is far from a logical’s person and all the steps taken are making you move in a downward spiral moves away from your goal is beyond my understanding. At the beginning I assumed you are new and don’t know the basics of trading. I tried posted educational content so that I can help you make less mistakes. Some, I hope took some of the advice, others, asked me – why don’t I post signals anymore? First of all, that’s rude to ask since you don’t help me with my trading, I help you with yours, and second of all, I do post trading ideas when I have time, you maybe just don’t see them, because "you only trade crypto".

What do I mean? If you joined crypto, I think the great number of such crypto enthusiasts followed the target to get income from investing and trading. It’s good and I can understand it. Crypto gave good opportunities for entry in the financial field. Crypto gave good opportunity for making money easily. But look, crypto has been falling for 11 months already. For the past 11 months we have a market which is not good for making money at all. The few moments that showed a possibility of return to growth have been fake breakouts and ended in our stop losses. It’s ok because we defined our risk and accepted we can lose that capital... right?

For investors – crypto enthusiasts who hold coins because they believe in projects. You have to take responsibility for your decisions. An investor decides which money he can block into a project, defines an investment horizon and at the end, walk away with the profits or take the loss as you assumed when you entered that investment.

For traders: Trading crypto with the current infrastructure is only good for stable uptrends.
These market conditions gave you amazing opportunities for making tons of money in the previous year, but this year gave nothing. Please, don’t tell me about opportunities to make money on the falling or catching short term movements with leverage. As soon as the volume picks up it’s hard or next to impossible to place trades, and pending trades are executed with enormous slippage away from your initial plan. The quality and levels of all crypto trading platform is so low at the moment. You will see it just after making a simple comparison with trading platforms for traditional markets. The same goes about comparing trading terms from crypto and the ones from traditional regulated brokers.

So, as I see from many comments – many of you trade only crypto. Ok, if you are here for trading, not investing, your purpose must be do make money. If you want to make money, why do you care what you trade? You trade a good market with opportunities and you make money which you can use to do whatever you want with. Even buy shitcoins.
So I don’t get why you did not move your focus into traditional markets yet? Why do you stay with crypto even when the market is not good for making money now? Don’t you think it’s irrational if your target is to make money in trading? Crypto traders are getting white hairs while the traditional traders are minding their business and reaching their goals.

Beginning -> Situation -> Solution:
You started with crypto and it was a good lesson for you which showed great opportunities which can be opened with trading in the financial markets.
Cool. Your next step should be to increase your trading skill by getting new knowledge and experience. Your next step should be looking at traditional markets like Forex, Stocks, Commodities and adding these markets in your trading portfolio decreasing the value of crypto part. Why you don’t do it? You want to be just a crypto enthusiast and wait for years when maybe crypto will move back to the bullish cycle? Or may be you should become a really smart trader or investor and start using trading opportunities from other markets too. And then when the opportunities will be in crypto, you can be the next legend!

I’m not a crypto enthusiast like you are, I do not know all the projects and whitepapers. I know a few of them which I could trade when the time was right for that. I joined this new market when I saw great opportunities for making money – I am a trader. I tried to help new people not to make mistakes. Now I just watch for the crypto and waiting for new signals confirming the strength of bulls in the long run. Now my main markets for making profit are traditional ones. I don’t limit myself by irrational and useless borders and I search for new opportunities. Why would I stop myself from trading other markets? The same I wish to you. Stop acting like noobies, start thinking as a smart trader and make trading your business!

Good luck!

Comment:

Dear friends, today I am going to make probably one of the most interesting webinars which will show you alternatives for trading in the financial markets. In this post I suggested you to think about trading in the traditional markets and during the webinar you will know the most simple way for starting trading in the traditional markets even if you know nothing about it. Please, get more details from the Status field on my page.

Comment:

I wrote an additional post to this one. Please read it here