Topic: A trader's heart - page 6. (Read 579 times)

How you consider in gambling, Trading is a reliable investment so we know they will play in market but gambling is totally different because we should invest our money then we cannot predict how it will move in future. So betting is totally different from this platform but only comparison is both are risky platform.

do not forget also in the trade apart from always learning, discipline it is also very important that must have double capital, because the name of the trade there are times when prices soared down, there is a profit there is a loss it must be considered.

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.

In trading we can't maintain a perfect strategy it will change according to the market condition.yes it is like gambling but not completely here we need to have skills as well to become successful.And then don't be too greedy accept that what you made from your investment and look further for the future trades.

Yeah when you are in the process of learning there will be  alot of temptations to make more profit and ignore all the technical analysis, and sometimes you underestimate the unpredictable market so not putting any stop loss, I think all of that is a common thing, most of the traders ever make that mistakes, learning from mistake is the best way to become a better trader

Me myself am not a risk taker, the lesser the risk the better the entry.
***Also, study the other types of market analysis

Trading start with analysing the market and watching the market movements. These observations form the basis of your future judgement. It is not a simple task to learn about market fundamentals and "follow suit" like you say. It needs practice and without having a capital to invest in it is difficult for noobs to begin trading.
Isnt that true for any risk vs reward scheme?

setting a fixed amount of profit for taking and sticking to that only is never a good idea in my experience. just like anything else in trading you have to have your profit dynamically and set it based on the situation. for example it depends on the altcoin itself. for  the big already pumped altcoins that are in bubbles you should set it to 5% or even 1% since their rises aren't going to be big anyways. but for a smaller altcoin that can get pumped 10000% you should also set your profit higher than just 5% but lower than 10000% so that you don't get greedy and lose sight.
it also depends on the market situation. for instance when some shitcoin is already getting dumped (like ETH current situation) you shouldn't expect a big profit on a dumping market. what you have is dead cat bounce so you set your profit to a lower amount and the time to a short time since the dead cat bounce never lasts long.

As a trader you should always consider all possibilities and be ready to take the risks of downfalls. It is normal even in business.  You gotta have that positive mindset and dont let emotions drive you.

When trading all I know is that I am already putting my money at risk which may get best ROI possible along with some profit slots. I only keep it positive always and think about it in winning situation only. If there is no way to win then I dont enter that particular market because if im not confident enough then I never jump into that market again ever. I choose wisely, I dont play greedy games, and I completely control my emotions during the trading. Thats the best way to go around this matter of trading. Thats my heart and thats how it works with trading. 

One of the important rule in trading is dont allow your emotions to overtake you, successful trading is always based on cold premeditation, risk management and careful analysis, to achieved significant results have your own trading strategy.

Definitely true. Trading starts with learning. You learn about a lot of market fundamentals and then follow suit. Also profit making shoud be disciplined. Being greedy might end the trader bad. Take out small profits by setting targets for profits

There is another important thing to be considered beside analysis either technical or fundamental, it is risk management. I've found a posting related to this risk management which IMO is good for trader to help controlling emotional aspect. Here is the link: https://bitcointalksearch.org/topic/if-you-think-trading-is-risky-why-you-dont-use-risk-management-4546469

A trader always wants to maximize their utility by earning the easy money. This is only possible if the market is favorable and if their game in the crypto market is extraordinary. In my opinion, irrespective of the current risk, a trader would invest if he sees the future profit in the crypto.

Some people say that investing in the new [projects is a risky thing but those who take the risk are actually the people who take the lead.

I Agree being disciplined is always on play, when trading there is no way you will survive this market if you are undisciplined and emotional. Following your stop loss and your target price is a must. There is nothing wrong being emotional but in trading it is a big no because if you become emotional you will be illogical and more likely you will panic buy or panic sell.

Yes learning is really the most important thing in the crypto feild. Specially during the time when we are going to trade we need to make sense of it. Learning can really help us gain a huge amount of profit and prevent some loss in the near future. I think we only need to have more patience regarding on its price for good.

Definetly this is a good thoughts of ideas in sharing ways in how to become a good traders in this cryptocurrency worlds,thats being a noob into this industry is first thing doing is to learn the technical analysis in the market,totally to telling the thruth im not much expert in terms of trading,thats why i appreciatte that i've learned something of what you shared in this forum group of community.

Yes i always make the same mistake everytimes in trading, that is greedy, not patient and also out from the strategies that already i made before. Its hard to be dicipline trader , but i still continue and try to learn this my mistake and i believe later i can manage it. Become a professional trader not possible in short times but need long times and could be a years.

Why I join in crypto trading? Of course to gain a lot of profits, it's too risky but you need to take the risks to reach your goal. Before entering in crypto trading of course you need to know on how it works, learn about it to become a successful trader.

on this point, I believe that the deciding factor is the provenance of the money that you invested. I will explain better. Imagine that a millionaire takes $100,000 and buys bitcoin for $ 19,000. The millionaire did his research before investing and realized a potential in bitcoin and for that reason he invested $100,000 in bitcoin. so after a while the price of bitcoin drops to $6000. The millionaire will not panic and sell his bitcoin with losses. Because the millionaire has many sources of income, he has several investments so he does not get pressured every time the price of bitcoin falls. Now let's give an example of another person, we will give example of someone who saw in the newspapers that bitcoin has a great potential to increase 3x or even 9x of its present price of  $19000 at the time that person is seeing such newspaper. so that person decided to make a loan of $ 100,000 to buy bitcoin because he believes that bitcoin can increase 3x or even 9x. this person who borrowed will not leave the screen of your computer to follow the price of bitcoin and every time the price of bitcoin fall that person becomes desperate and when the price falls to levels of  $6000 the despair of that person increases.


just go to the altcoins section to realize that people invest to get profits of more than 2x.