I hear that 9 out of 10 traders loss money daytrading. Sometimes I wonder how they manage to achieve such herculean feat. In my opinion, It should take some extra effort to loose money because the market is still young and really everything is just rosy.
So, I've listed some ways to loose money trading cryptocurrencies. You must do this with all diligence because its not easy.
- Use your rent money, use all your money, your child's school fees etc.
- Borrow money from your neighbours, friends, your boss and the banks. You can even borrow from the mafia in your area.
- Don't do any research on the coins you want to trade with. Just look at the charts. Ask the troll box or some random person from some random chat group.
- Use leaverage. Use a 2.5 times leverage as seen in poloniex. That way you can really make it big and win.
- Go all in. Don't diversify your risk. That's for noobs. Just put all your money in one position. Long or short just act according to your instincts The market will favour you.
- You can have a couple of nice cold drinks to numb your senses while you stare at the charts.
- If you are bored go have some fun. Let the robots do their work
- etc...
I'm adding a lot more to this list.
You can add you own ways to loose money daytrading by commenting
What do you guys think?
This is fun right?
Thanks