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Topic: 7 Difficulties for a trader (Read 1528 times)

full member
Activity: 504
Merit: 106
October 03, 2018, 01:56:04 AM
well, I think the statement is true, and almost everything I have ever felt. I think the statement that made me think about it the most was when I tried to get rich, and made me become greedy. well, a lot of experience I got from this.
The statement may be true but you know what it is all about use of mind according to the different market conditions if we treat accordingly then we will not face with any kind of problem. Greed does not make you face with loss but it is your choice to stay for some more increase in price if you noticing that price has gone high then you should sell some holding coins and to await few of them for some higher selling.
full member
Activity: 686
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
October 01, 2018, 10:35:37 AM
Do you think that forex trading is difficult? how long is it difficult forex trading?

If according to ane itself really true forex trading is indeed difficult. But missed his pips. Not difficult to find profit, not too difficult to add analysis or strategy.

However,

1. It is difficult to stop when Profit / Loss lot
2. It is difficult to exit the market while not excited
3. It is difficult to leave the computer while floating minus
4. Difficult to sell OP errors
5. Difficult to CutLoss
6. It is difficult to stop when the target has been reached
7. It's hard not to be greedy

Well, that guy 7 is hard for a trader hehe

Happy trading guys emoticon-Congratulations

Difficult is just because you don't have knowledge, tools and never practice. Always learn from our mistakes to built powerful strategy is never been done by most of us, always complaint will never help. Trading is not easy but trading is like art, combine many aspect to built one big picture. If you only stand in one with out see all part, loss will be yours.




legendary
Activity: 1904
Merit: 1000
October 01, 2018, 06:16:32 AM
One major point in trading is it is difficult to cut loss and control greed if we can attain peace in trading with minimum profits then we can expect good long-term profits
Cutting loss in trading is not a difficult thing to do as long as you know exactly what you are doing. The problem with people is that because they have no understanding of how to properly trade the market, they enter positions however they like, they have no single strategy to make a trade or a plan before even entering a position, it would always be a challenge for such an individual to even understand how they can stop loss or where they should be setting it in the first place.

Trading based on the feeling only, can give us a bad and unexpected result in the long run. It is better to have a steady guideline/plans that we will follow regularly. If we followed just our feeling, then we will become a trader gambler.
jr. member
Activity: 124
Merit: 2
October 01, 2018, 05:57:46 AM
One major point in trading is it is difficult to cut loss and control greed if we can attain peace in trading with minimum profits then we can expect good long-term profits
Cutting loss in trading is not a difficult thing to do as long as you know exactly what you are doing. The problem with people is that because they have no understanding of how to properly trade the market, they enter positions however they like, they have no single strategy to make a trade or a plan before even entering a position, it would always be a challenge for such an individual to even understand how they can stop loss or where they should be setting it in the first place.
full member
Activity: 1526
Merit: 111
Pepemo.vip
September 27, 2018, 12:03:18 PM
The point is not in difficulties but in a general problem which is hesitation. I mean you are ready to leave a position in time, stop trading and so on but doubt in your actions and start to look for excuses or traders like yourself. And after the finding, you continue to do the same thing.
all depends on self discipline. with strategy that has been implanted, sometimes we change in the middle of road, because of greed or other things. for that discipline is the best process to make a profit
member
Activity: 200
Merit: 10
September 27, 2018, 10:44:26 AM
The point is not in difficulties but in a general problem which is hesitation. I mean you are ready to leave a position in time, stop trading and so on but doubt in your actions and start to look for excuses or traders like yourself. And after the finding, you continue to do the same thing.
hero member
Activity: 1148
Merit: 504
September 27, 2018, 09:57:49 AM
Actually when I have too much interest, I can hardly stop. I see people with greed. Oh, it's because I'm too lazy to take too much money! Actually, when I have too much interest, I can hardly stop. I see people with greed. Oh, because I'm too lazy to take so much money! Grin
Lol I think it will actually benefit you, because greedy excess will only make you lose, because you will miss the opportunity to sell, because you are too eager to sell at a high price so you can make a bigger profit, even though the price changes in crypto are very easy to turn around direction
newbie
Activity: 75
Merit: 0
September 27, 2018, 07:19:35 AM
well, I think the statement is true, and almost everything I have ever felt. I think the statement that made me think about it the most was when I tried to get rich, and made me become greedy. well, a lot of experience I got from this.
Greed and some sort of emotion is one thing you should always rule out if you want to be a good trader. I have seen people said so far that stop loss has been a major challenge for them, but really it should not, if you know what you are really doing in a market, you know what to look at before entering a trade, you know what to do when you want to get out, and you also know what to look at to know the market is ready to go lower. Decision making in a market or any scenario can only be done right when you have the knowledge and if you are blank, you will always flop.
full member
Activity: 462
Merit: 100
September 26, 2018, 12:09:21 PM
#99
This business has really become a bit complicated. You are watching how the price of the coins is changing, and you cannot understand which crypto is the best.
jr. member
Activity: 56
Merit: 1
September 26, 2018, 12:00:50 PM
#98
Do you think that forex trading is difficult? how long is it difficult forex trading?

If according to ane itself really true forex trading is indeed difficult. But missed his pips. Not difficult to find profit, not too difficult to add analysis or strategy.

However,

1. It is difficult to stop when Profit / Loss lot
2. It is difficult to exit the market while not excited
3. It is difficult to leave the computer while floating minus
4. Difficult to sell OP errors
5. Difficult to CutLoss
6. It is difficult to stop when the target has been reached
7. It's hard not to be greedy

Well, that guy 7 is hard for a trader hehe

Happy trading guys emoticon-Congratulations

Solutions:

1. Use good R:R with 1% SL
2. Exit when you identify bearish divergence in indicators/resistance/candle
3. I'm understanding this it's hard to leave computer when you're at loss = only take good R:R-setups with MAX 1% loss.
4. I've no idea what this means
5. Good R:R with 1% SL
6. No need to stop there if bearish divergence/reverse-pattern is nowhere to be seen.
7. Experience will help with this one, watch the trade progress through analytical eyes and disregard your feelings.
full member
Activity: 588
Merit: 106
September 26, 2018, 11:34:01 AM
#97
well, because trading on crypto or forex is not only from analysis and strategy, but also from self-control and emotions. and make patience the main thing. calm, slow, relax, enjoy. that is all the main important components in trading. for further analysis, strategies, targets, etc. are the second level to make maximum profit. so don't forget feelings, emotions, and patience. that is important.
member
Activity: 406
Merit: 36
September 26, 2018, 10:47:19 AM
#96
One of the difficult thing for me in trading is difficult to do cut loss and i just thinking and confident the price will be back going up and this is my big mistake because the price dumped hard to more than 50%, so to solve this my problem, now i only use crypto exchange that has fitur stop limit so i can use it for stop loss automaticly and i can reduce the loss without doing cut loss manually that i difficult to do.
I have seen several people say things like this and that is because they still simply use emotions to trade and that is one bad thing to always do. As long as you know what you are doing, you have a plan and strategy before entering a market position, the ease to always use your stop loss as long as you know things are possibly not going your way will be there.

However, people tend just to rush into things, they do not practice well before even attempting to start trading a market and because of that, they end up flopping badly while realizing they have made a huge mistake but always to late to reconsider.
hero member
Activity: 1400
Merit: 571
September 25, 2018, 01:20:15 PM
#95
All these are problems a trader faces in this market. A trader needs to be disciplined and follow his strategy for maximum benefits. This is the best way to go about it. Also, greed is a killer and we need to kill greed off in this market

Being greedy won't give you the profits that you are looking for, it might be the reason why you could lose it instead. In Trading, a lot of things should be consider before making a trade, it is not just about how good you are, how many profits you are making, and so on, sometimes you should know the word "mature" and "disciplined", because no matter how good you are in Trading, if you are an immature brat then that could be a problem.

If you are an immature could easily mentally breakdown just because you made a wrong decision, but if you are mature enough in Trading, you could handle all of the situation that you could possible face.
full member
Activity: 644
Merit: 101
September 25, 2018, 04:59:13 AM
#94
One of the difficult thing for me in trading is difficult to do cut loss and i just thinking and confident the price will be back going up and this is my big mistake because the price dumped hard to more than 50%, so to solve this my problem, now i only use crypto exchange that has fitur stop limit so i can use it for stop loss automaticly and i can reduce the loss without doing cut loss manually that i difficult to do.
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
September 13, 2018, 10:57:21 AM
#93
well, I think the statement is true, and almost everything I have ever felt. I think the statement that made me think about it the most was when I tried to get rich, and made me become greedy. well, a lot of experience I got from this.
legendary
Activity: 1526
Merit: 1001
September 13, 2018, 10:48:13 AM
#92
Do you think that forex trading is difficult? how long is it difficult forex trading?

If according to ane itself really true forex trading is indeed difficult. But missed his pips. Not difficult to find profit, not too difficult to add analysis or strategy.

However,

1. It is difficult to stop when Profit / Loss lot
2. It is difficult to exit the market while not excited
3. It is difficult to leave the computer while floating minus
4. Difficult to sell OP errors
5. Difficult to CutLoss
6. It is difficult to stop when the target has been reached
7. It's hard not to be greedy

Well, that guy 7 is hard for a trader hehe

Happy trading guys emoticon-Congratulations
The hardest thing that I experienced as a Trader was to control emotions.
I admit that when we cannot control emotions and also patience we will get bad results.
A Trader needs a knowledge, experience and also a chance. When a trader has criteria like that then success is getting closer !!!
member
Activity: 448
Merit: 10
September 13, 2018, 10:06:12 AM
#91
One major point in trading is it is difficult to cut loss and control greed if we can attain peace in trading with minimum profits then we can expect good long-term profits
newbie
Activity: 179
Merit: 0
September 13, 2018, 08:46:02 AM
#90
The last point is the key. We are greedy creatures, we can’t stop at the right moment. However, skills needed for trading come with the time. Shaping your strategy and gaining experience is the only way to overcome the difficulties and learn how to control all the processes.
member
Activity: 308
Merit: 10
September 02, 2018, 06:08:18 AM
#89
for me personally, the difficulty of trading is to maintain the mental itself, we are too often lulled by the state of the coin position that is above and underestimates the matter of the FUD, so that when the coin we have is affected, the result is our mental down.

In my own opinion fud is the reason why the market prices are dropping so hard so people should be more knowledgeable before they sell or invest on cryptocurrency.
member
Activity: 322
Merit: 10
The Premier Digital Asset Management Ecosystem
September 02, 2018, 05:35:16 AM
#88
If we are impatient, we will never succeed in this world, and electronic money to succeed, we must have the patience factor. is necessary
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