A trader's heart | Bitcointalksearch.org

el kaka22

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Quote from: Jericka D Ranillo on July 02, 2018, 09:27:29 AM

Trading can consider as gambling, you might win or lose but the bug different is you dont have enemy to deal with. Only just your decision whether you sell or hold. Loss is depend on what you had been decided. Gambling for the future profit not a illegal gambling have a big amount of bet for each user.

Well, sometimes, some of us may refer to it as an educated gambling based on how you are able to do well or how vast and knowledgeable you are which based on that, anyone who is not knowledgeable is simply just gambling. Trading is a whole lot and you really want to be very good at what you do, be ready to learn more and practice every day as you keep getting better and that is the only best way to do well when it comes to trading.

Trading is a very reliable profession and not just an investment, but how you see it determines a lot as well. It is more or less a gambling since most time you are making predictions based on what you see, the indicators you read, and expecting to see how the market play to your favor.

But most of the time, it is more of an educated one which is the only way you can reduce the risk that comes with it otherwise you will just be gambling 100% of the way.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: ymirymir on July 16, 2018, 11:35:58 AM

I agree with you. Trading is like a roller coaster ride and might provide us inconsistent changes since the market is unstable and is volatile.

Not every altcoin and every period is volatile. If you look at the market for the last one month we barely crossed any 600$ gap in the bitcoin price. Its rallying between 6200 to 6800. Thus one could buy at the low price of 6200 and then sell at 6800 or more. Its worth trading and will be profitable.

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In that case, we must be emotionally prepared for the possible changes. We should have the eagerness to learn and adopt different changes anytime.

What changes do you propose to adopt? Its not possible to change the market course by your emotions. You just have to hold and wait till any good signs appear that might prompt you to sell your coins or stock up on more.

Mia_pikachu

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Quote from: anhchangdeptrai13 on June 28, 2018, 09:42:43 AM

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

especially with the coins in the market today is very difficult for us to predict everything, we must really learn as well as possible in trading crypto, if we are too obsessed with the big and emotional profits in trading, it will make us lose, so we must be careful not to panic in trading.

ymirymir

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Quote from: anhchangdeptrai13 on June 28, 2018, 09:42:43 AM

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

I agree with you. Trading is like a roller coaster ride and might provide us inconsistent changes since the market is unstable and is volatile. In that case, we must be emotionally prepared for the possible changes. We should have the eagerness to learn and adopt different changes anytime.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: dekcutbusu33 on July 13, 2018, 09:04:04 AM

If I think we just have to take a long time to realize how the market works and how not to make the same mistakes over and over again. But I learn and try to be a trader, try because it is perceived as a trader and today we will buy coins when the market is down or fall and hope will produce profits for us.

Thats basically how trading works and how people make money off the market. You buy low and sell high.

Quote from: alminium on July 15, 2018, 04:05:21 AM

if I think we are merchants, we should always consider all possibilities and be prepared to risk destruction in any case.

Risk does not get "destroyed". It needs to be managed. If you can manage your risk then trading becomes easier. However it is tough.

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That's normal even in business. But also in trade besides always learning, discipline is also very important that must have double capital, because the trade name there are times when prices soared, there are advantages and there are losses that we should consider in trading.

Not just double capital, making money in trading needs a control over emotions and yes discipline is also important. If you are greedy and try to jump into a bull run you might sell at the wrong time and end up in loss or you may miss the ATH of the bull run.

hacekd

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Quote from: airdrop21 on July 06, 2018, 07:17:27 PM

Quote from: anhchangdeptrai13 on June 28, 2018, 09:42:43 AM

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

STOP LOSS always always. Absolutely right.
Control emotions? LOL. Crypto already stole my emotions long ago. I dont feel excited neither upset when I make profits or lose money.

it happens if the merchant really wants to get more, think about the profit without seeing some of the risks to be gained when the price drops. If he is chaotic or stressed at a time when the price drop means he is not a good trader, because a good trader will figure out what if a price drop will happen.

Visbay

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Quote from: princebridge7 on July 11, 2018, 08:35:42 AM

the heart of a merchant is stronger than the heart of the person working in the office or being a worker in the factory.
because every coin bought and then the coin down then inevitably must be chest and wait for the coin to rise or stoploss to buy back at the price below.
a trader must be tough, strong and wise.

Agree with you no doubt the heart of a trader is most stronger heart because a trader use to face multi situation but he always get through with courage and patience, so it is no doubt true that a trader must have a strong heart, because rise and fall will come across his way what he will have to face patiently, it is good for him to use his brain while trading instead heart because heart is connected to emotion and emotions are not allow in trading.

alminium

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if I think we are merchants, we should always consider all possibilities and be prepared to risk destruction in any case. That's normal even in business. But also in trade besides always learning, discipline is also very important that must have double capital, because the trade name there are times when prices soared, there are advantages and there are losses that we should consider in trading.

minairia3

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Quote from: anhchangdeptrai13 on June 28, 2018, 09:42:43 AM

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

Only one thing. You need to test the system you have polished in the traditional ones. Given you've learned all the basics and used all your experience. Remember that your sword never gets dull in battle. If it did, those are blood. Grin

So if one trader is bold enough to test even in risky trades, he is but only confident to test the system he has tamed.

Dreamchaser21

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Quote from: MiXxe on July 15, 2018, 01:22:57 AM

For me, a trader's heart should be strong. I am not saying that you have to harden it. You just need to be strong ALong the way, when we are trading, we tend to experience several things. Positive or negative may it be. The thing is,we have to be strong. We have to stand on the ground that we believe in. We have to always have an open mind and strong heart. That's one way to be a successful trader.

Traders life is not that easy, we will experience a lot of failures on our trading plan but we have to become stronger so we can become more successful in our trading journey. A traders heart must be stronger than anyone, you should able to accept failure, and don't ever regret your trading decision always remember that this market is very volatile and our goal is just to make profit bigger than our losses.

MiXxe

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For me, a trader's heart should be strong. I am not saying that you have to harden it. You just need to be strong ALong the way, when we are trading, we tend to experience several things. Positive or negative may it be. The thing is,we have to be strong. We have to stand on the ground that we believe in. We have to always have an open mind and strong heart. That's one way to be a successful trader.

wuvdoll

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Quote from: kipo on July 06, 2018, 03:55:52 PM

I think crypto provides us with a chance to get money and at the same time to be a gambler, take risks, get adrenaline. as for me, it is like this. I don't know how about you but for the most people it is like this I think

Well, if you are considering the idea of gambling, it becomes pretty obvious it is more of a gambling to someone without strategy. Every trader is taking risk but what makes a good trader better from a bad one is the availability of strategy to make decisions. Before even getting into a market, it is always sensible to consider the loss to profit ratio and see if it is actually worth getting into at that moment or not, but without knowledge, I guess that is something an ignorant trader will find hard to do.

Quote from: slashz9 on July 12, 2018, 05:15:38 PM

if its value goes down you still have not lost your money as long as you still keep it, if gambling you will lose all your money once you have lose.

There were thousands of arguments on comparing trading with gambling. Still I never agree that as trading is a skillful act unless it is being done without reasons. Your analysis must indicate those reasons.

dekcutbusu33

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If I think we just have to take a long time to realize how the market works and how not to make the same mistakes over and over again. But I learn and try to be a trader, try because it is perceived as a trader and today we will buy coins when the market is down or fall and hope will produce profits for us.

TheUltraElite

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Activity: 2898

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So anyway, I applied as a merit source :)

Quote from: Usmanmuhon on July 12, 2018, 04:46:56 PM

. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.

Controlling emotions is what is needed by every new person entering the market or buying some bitcoin with hopes of selling it for profit. The panic sellars are the ones who make the market crash like a wave during a bear-ish trend.

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Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. will be motivated more to take on risks because it is only on doing risky things that you make big gains in the end.

I would not compare trading with gambling. In trading you are not totally losing all your money if you buy an altcoin. That altcoin may rise in value someday. Unless of course you invest in some scam ICO. But in gambling you will lose your money with the click of a button.

slashz9

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may be a bit gambling, but trading using fundamental, technical analysis like you said before, and also this is different from gambling, if its value goes down you still have not lost your money as long as you still keep it, if gambling you will lose all your money once you have lose.

nydiacaskey01

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I don't have the discipline yet or even the knowledge of a good trader. I consider myself as an accidental trader. I was just looking for a good way to mix my coins since Bitmixer closed down and they said storing your coins in a trading site can also help you mix your coins but after transferring my coins, I was curious on how trading works so bought my very first coin which is ZEC and the rest is history.

simpleholmes

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when the action occurs and you are winning or losing the emotions capture you completely by not letting you think rationally, especially if you are new and that makes things worse, even if you know something will happen you don`t go for it and just wait without an action.

Usmanmuhon

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. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. will be motivated more to take on risks because it is only on doing risky things that you make big gains in the end.

Rrtt

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Quote from: anhchangdeptrai13 on June 28, 2018, 09:42:43 AM

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

Yes its true, the first thing you will do is LEARN then EARN, knowledge is a foundation of everyones success ,espescially those fundamental/ technical analysis ,how to use stop loss/ take profit,its very important in trading industry,as a trader its your obligation to know all those things to become a successful trader.

Zadicar

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Quote from: TheUltraElite on July 12, 2018, 05:55:08 AM

Quote from: Bitcoin_Makers on July 11, 2018, 02:48:00 PM

No, this is not the main reason why I joined the crypto currency. It seems to me that the crypto currency technology has a great future and it is necessary to buy it while we are given such an opportunity to buy at a low price.

It is not a "necessity" but it is gaining popularity in contrast with traditional monetary system. It may happen in a few decades that fiat is getting replaced by bitcoin or crypto in general. But then the technology behind bitcoin, the blockchain is getting acceptance in many fields of technology and finance. This is what is a bigger achievement for the crypto world.

Quote from: iagyei259 on July 11, 2018, 07:21:03 PM

A true trader is the one that follows his strategy when infront of the screen trading but not changes his mind as a result of panic because trade is going against him.

When you become a trader you will also know that getting emotional is what makes the trader weak both mentally and physically. Its more important to control the emotions.

Emotions would always be a big factor which can always affect a certain trader or even a simple investor because this will potentially push us to make mistakes or unwise decision when we do already come to a state where we cant already make wise or proper decisions because we do let our emotions control us. Being a trader wont really be that easy and this is where most newbies mistakenly believe that they would able to do on what professionals do achieve now.

Topic: A trader's heart (Read 579 times)