Anyone can succeed as a bitcoin trader - page 3.

jaberwock

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Quote from: Kelvinid on December 27, 2023, 10:38:15 AM

Quote from: tvplus006 on December 27, 2023, 08:23:29 AM

Quote from: vuittont50 on December 27, 2023, 04:47:59 AM

It is very difficult to me...I always trade in the opposite direction and lost money...

It's sad, but you're not the only one who loses his money trading. According to statistics, 90% of traders lose their money. And the fact that almost everyone writes on the forum that they trade and make a profit is just a desire to pose as a successful trader, and not a statement of reality.

Some traders prefer to be okay and continue trading hoping for some luck like they are in gambling rather than telling what really happens to them.
That certainly happened to me, not all the time I was in profit, the same thing with losses but that is normal. But as I've tried to evaluate the number of times that I was in profit, I find out that I lost more than what I earned - quite disappointing. So I decided not to focus on trading and I'm now more into investing because I see it was less stressful.

People are ready to say okay after a lose rather than over-thinking on losses but we should try harder next time. We need to figure out why we lose, and what can we do in order to improve. Not just we will do the same act and just purely relying in luck because nothing will happen to us with that. We can only get the same results. It's also fine to confess the issue to someone who think is better than us.

This is what I heard last time to a one influencer, that we should admit that we are not good and someone out there is better and will always be better than us. It's also okay to venture other things like what you did, if we can't seem to improve on the one that we are currently doing.

Awaklara

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Quote from: EarnOnVictor on December 29, 2023, 10:21:08 PM

It is indeed the survival of the fittest matter when it comes to trading and the smartest traders always stay successful. Sadly, the percentage of such traders is few, so it is not wise to entirely believe that traders can continue to trade and deposit when they lose and will eventually make a success just like that. Many have tried it this way but still trying with no success, while some have already quit when they've wasted enough money.

because they trade unwisely. they haven't mastered trading yet, but are interested in making a deposit and starting trading because many people post successful trades. so the hope of beginners is still to trade easily to make a profit.
whoever trades without knowledge and experience, will only let their money disappear. beginners stay away from futures trading and do spot trading gradually to test their trading skills. if it feels difficult then buy Bitcoin and hold it in your wallet. be patient.

EarnOnVictor

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Quote from: tvplus006 on December 28, 2023, 07:23:54 PM

Quote from: deathcode on December 28, 2023, 12:41:26 AM

If everyone gets losses, how are there still people who trade and don't just choose to invest long-term?
What happens is in the beginner trader phase. we cannot avoid losses. Every beginner or even experienced trader who starts trading must also go through this phase. some losses are bound to occur. but it gives beginners more experience and knowledge to grow. so that they can reduce the risk of loss gradually, they will make a profit.

Newcomers who lose money usually return to the market with a new deposit in order to exchange their money for experience once again. And in the end, they will either learn how to trade with profit, or become investors if they do not have the strength to leave the illusory opportunity to become a millionaire forever.

It is not as easy as you said and I advise newcomers to be very careful so that they will not be chasing shadows. Trading is not easy and everyone needs to learn like every writer here states, however, learning alone and even understanding what you learned is not the only requirement to make success in trading, there is more to that. If it is the investment part of Bitcoin, it is still light as one can be following the prevailing sentiment of the market to plan their investments. But in trading, one will need more, they need good expertise in their speculative capability and management, and they also need to control their trading spirits in terms of the psychology of the trader. Any of these three categories can cause traders to fail if not handled rightly which is what many of us are battling with.

It is indeed the survival of the fittest matter when it comes to trading and the smartest traders always stay successful. Sadly, the percentage of such traders is few, so it is not wise to entirely believe that traders can continue to trade and deposit when they lose and will eventually make a success just like that. Many have tried it this way but still trying with no success, while some have already quit when they've wasted enough money.

tvplus006

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I noticed that such topics about trading are created exclusively by beginners, who usually do not understand much about what they write. And I have never seen forum veterans write about this, as they know for sure that it is much more difficult to make a profit from trading than one can imagine.

Distinctin

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No dream is too big and no dreamer is too small

Anyone can decide to trade, but its hard to believe that anyone can succeed in trading. Trading is not as easy like everyone has come to believe, that they will just trade and make instant profits. It takes a smart and wise thinking individual before he gets to take advantage in trading, otherwise he will trade and definitely end up losing all his capital. And that's how trading can be very risky, you can't make instant win and profits but you can always be an instant loser if you decide to trade without learning experiences.

Hence, anyone cannot succeed as a trader if he does trading the wrong way. But if he knows how to analyze the market well and makes a perfect timing to trade his coins, he will stay trading in profits.

KingsDen

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Hello Leo! You can still win.

Quote from: tvplus006 on December 26, 2023, 10:01:19 AM

Quote from: Troytech on December 26, 2023, 09:48:36 AM

...Knowing how to trade would only get you that far, but not j to the realm of successful traders. It takes a whole lot of desire to win, persistence and consistency to be a successful trader. So I assure that anyone who wants to be a successful trader can be by pursuing with passion...

This is all just theory, but in practice everything is completely different. And there are a very large number of traders who, after many years of unprofitable trading, decide to change their role to an investor. And for many, this is the right decision that allows you to earn a lot of money with minimal risk, which is still present when investing.

From onset, there are different types of stories sold to newbies and these stories help to make or mare newbies. But the most important is not even the choices that newbies make, but the ability of newbies to have a change of mind. I will explain what I meant;
At a point every newcomer must have heard and believed that it is possible to turn $500 coin to $3000 coin by trading. This type of information is always sweet to hear but in practice things doesn't go they way they are being told. At this point, a smart newbie ought to have a retrace and rethink I'm order to further in the right direction. It is during this period of self appraisal that I withdrew from trading, after realising that trading is not for me. I believe my testimony is same as that of other thousand new beginners.

However, there are newbies who went through the rough sea of trading, succeeded and are making huge money from trading today. The best thing is to find out what works for you, but in a nutshell, what seems to work for every beginner is to buy low and hold till price appreciates to sell.

JoyMarsha

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Everyone can start something new, but not everyone will be as enthusiastic to do so if they have heard about the negative experiences that others who have pursued their passion in trading have had.

Many people's financial situations have improved as a result of crypto trading, but before getting started, any crypto enthusiast should first consider the risks involved.

Will Mr. B benefit equally from Mr. A's skill and achievement in trading, given that not everyone has the same coach who taught them how to trade and achieve success in trading?

milewilda

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Quote from: tottong on December 29, 2023, 12:12:26 PM

Quote from: Troytech on December 26, 2023, 09:48:36 AM

Knowing how to trade would only get you that far, but not j to the realm of successful traders. It takes a whole lot of desire to win, persistence and consistency to be a successful trader. So I assure that anyone who wants to be a successful trader can be by pursuing with passion.

Becoming a successful trader requires proper knowledge and as much as possible they must hone their skills when involved in trading.
There are times when we experience losses in every trade we make and vice versa. This is normal because trading is not something that is easy to do and experience is also needed so that someone is better prepared for everything.

Quote

Also Statistics shows that we have more Bitcoin traders than investors. And this is because most persons prefer to take the short term benefit of trading the volatility of bitcoin. Don't limit yourself to just being passionate about bitcoin. Start something with the knowledge. At least if your not into bitcoin as a means of payment, store of value, investment then being a trader could help.

As long as you can be responsible in the trading you do, there is no harm in taking opportunities in other coins, but to what extent can you minimize the risk when involved in this trading.
There are hundreds or thousands of people involved in trading and it is only a matter of percentage, but most importantly how prepared people are to take risks.
If we start with the right knowledge then the benefit is that we can avoid a bit of excessive risk and even if we experience a loss at least we will be much better prepared to accept it.

When it comes on thriving and making yourself as a good or successul trader then it would really be that requiring that time and effort on which you would really be that need to do so. We should bare in mind that when it comes to success then everything would really be that subjective since we do know that it wont really be that something that would really be that easy and factors that could really affect when it comes in overall
profitability will really be depending on how well you would really be able to make trades on which not all people would really be having that kind of skill and understanding on how trading works but somehow
even despite of being hard, we can really still have a good grasps into it.

It is really just that a matter on how you would really be hovering yourself into this trading world because success cant really be that assured on every individual. Some could really be able to
survive out and some couldnt really just that able to do such thing. It is really that so hard to make yourself that having assurance that you would really be doing the right way.

tottong

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Quote from: Troytech on December 26, 2023, 09:48:36 AM

Knowing how to trade would only get you that far, but not j to the realm of successful traders. It takes a whole lot of desire to win, persistence and consistency to be a successful trader. So I assure that anyone who wants to be a successful trader can be by pursuing with passion.

Becoming a successful trader requires proper knowledge and as much as possible they must hone their skills when involved in trading.
There are times when we experience losses in every trade we make and vice versa. This is normal because trading is not something that is easy to do and experience is also needed so that someone is better prepared for everything.

Quote

Also Statistics shows that we have more Bitcoin traders than investors. And this is because most persons prefer to take the short term benefit of trading the volatility of bitcoin. Don't limit yourself to just being passionate about bitcoin. Start something with the knowledge. At least if your not into bitcoin as a means of payment, store of value, investment then being a trader could help.

As long as you can be responsible in the trading you do, there is no harm in taking opportunities in other coins, but to what extent can you minimize the risk when involved in this trading.
There are hundreds or thousands of people involved in trading and it is only a matter of percentage, but most importantly how prepared people are to take risks.
If we start with the right knowledge then the benefit is that we can avoid a bit of excessive risk and even if we experience a loss at least we will be much better prepared to accept it.

Baki202

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Quote from: Troytech on December 26, 2023, 09:48:36 AM

Knowing how to trade would only get you that far, but not j to the realm of successful traders. It takes a whole lot of desire to win, persistence and consistency to be a successful trader. So I assure that anyone who wants to be a successful trader can be by pursuing with passion.

It takes time to become a successful trader and proper understanding of the system because you can not enter water and start swimming that same day it takes a lot of practice to become a master in craft of trading, it also the same time takes a lot of unpleasant moments to succeed while trading, and as it is getting more difficult you must also the same time persist, and a lot of people will have interest and not all will be successful that is one plain truth.

Quote from: jeraldskie11 on December 28, 2023, 05:32:04 PM

I agree with you. Just because a person know how to trade doesn't mean he is profitable. There are lot of traders out there who can't manage to be profitable even though they spent a lot of time to trading. There are people who had been in trading for 5 years but still losing, but there are also 1 year but already profitable. Being successful is not about how long you have been in trading, instead it's how disciplined and serious you are in trading.

The person may even trade, but if they keep improving in that area, they have a good chance of becoming a successful trader. When I saw this, I was already curious about what it takes to become a successful trader because I see a lot of comments about how not all traders are profitable, so I figured it might just be strategy. There are also seasonal traders that trade only when they feel like it. This characterizes them as unserious traders because trading requires consistency and even if you're not trading, you should be engaged in activities related to trading.

Kasabus

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While it's easy to study and learn trading, but the hardest part is how to make your trades successful and profitable every time you decide to trade. That is why a lot are passionate to trade but once they incur consistent losses, they start to think if they can be good enough in trading, or just decide to focus on long term hodling for good. Yes, anyone can succeed as a bitcoin trader, but that anyone should not only be passionate but should also have the high knowledge and experience when it comes to trading.

Anyone can be a trader but not anyone can be fearless in trading. Hence, it takes a lot of courage and perseverance so you can be a sustainable trader throughout your trading journey.

death69

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Quote from: Hypnosis00 on December 29, 2023, 07:56:39 AM

Quote from: jeraldskie11 on December 28, 2023, 05:32:04 PM

Quote from: Troytech on December 26, 2023, 09:48:36 AM

Knowing how to trade would only get you that far, but not j to the realm of successful traders. It takes a whole lot of desire to win, persistence and consistency to be a successful trader. So I assure that anyone who wants to be a successful trader can be by pursuing with passion.

I agree with you. Just because a person know how to trade doesn't mean he is profitable. There are lot of traders out there who can't manage to be profitable even though they spent a lot of time to trading. There are people who had been in trading for 5 years but still losing, but there are also 1 year but already profitable. Being successful is not about how long you have been in trading, instead it's how disciplined and serious you are in trading.

These are the reasons why;
- emotional (that includes market response)
- mindset ( they easily turn negative when suffering losses)
- analytic skills ( lack of experience)
- time and focus

All of these things affect our trading journey, nobody seems to be perfect but it doesn't mean that we have to let things happen if we know we can do it right. If these successful traders spend more time analyzing the market, why we should not if this is a helping tool to succeed? Unfortunately, most of us want instantly and so losing is so instant as well - impatient traders never succeed.

Trading IS an art, not just a talent! An important part is the emotional component. We ride market waves but mustn't get carried away. It's about balance, isn't it? Handle your emotions, not let them rule you. Many have regretted being persuaded by market hype. Analytics and mindset are the keys to trading success. Resilience is often underestimated. You can improve your analytical skills, but without the correct mindset? It's like compassless sailing. In my experience, patience and calculation win racs. Time is our greatest adavntage. No one delays the market. Some decisions are quick, but not hasty. Traders fail due to impatience. Dig deep, evaluate extensively. Instead of rapid wins, aim for sustained growth. I believe that's the key to trading success.

Hypnosis00

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Quote from: jeraldskie11 on December 28, 2023, 05:32:04 PM

Quote from: Troytech on December 26, 2023, 09:48:36 AM

Knowing how to trade would only get you that far, but not j to the realm of successful traders. It takes a whole lot of desire to win, persistence and consistency to be a successful trader. So I assure that anyone who wants to be a successful trader can be by pursuing with passion.

I agree with you. Just because a person know how to trade doesn't mean he is profitable. There are lot of traders out there who can't manage to be profitable even though they spent a lot of time to trading. There are people who had been in trading for 5 years but still losing, but there are also 1 year but already profitable. Being successful is not about how long you have been in trading, instead it's how disciplined and serious you are in trading.

These are the reasons why;
- emotional (that includes market response)
- mindset ( they easily turn negative when suffering losses)
- analytic skills ( lack of experience)
- time and focus

All of these things affect our trading journey, nobody seems to be perfect but it doesn't mean that we have to let things happen if we know we can do it right. If these successful traders spend more time analyzing the market, why we should not if this is a helping tool to succeed? Unfortunately, most of us want instantly and so losing is so instant as well - impatient traders never succeed.

the rise

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You are right. It's just that anyone can fail here. We have to understand the characteristics of people who fail and the characteristics of people who succeed here. Only then can we truly be people who can avoid failure when doing business here. but with some long experience I'm sure it's not difficult to be successful here, it's just how our mentality as business people can be sharpened to something better.

tygeade

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Quote from: Litzki1990 on December 28, 2023, 09:57:21 AM

How much does success mean? I have learned many things in trading that I could not learn before trading and I consider these things success. I think the idea that success can be achieved only by earning money or that one who earns money is successful. Now I can risk money now I have confidence in myself now I have enough understanding about trading and now I understand trading charts well that is success for me. I have not only learned these things by trading but also by trading on my own skills I have made enough money so as you say I can consider myself a successful trader.

Profit, momentary profit is the only thing that people are talking about and will stay as the only thing that people will talk about when they are talking about success in trading. I personally believe that anyone can, but at the same time there is a guarantee that not everyone will.

This means that some people can and won't, that is the indication to it. Look at all the people who had done very well in trading, do they have anything different than us? They are humans just like us and they are capable of doing the same thing that we are capable of doing, so we should be capable of what they are capable of as well. Only difference is, some people will do it right and make a profit, while others will make mistakes and not choose the right path.

tvplus006

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Quote from: deathcode on December 28, 2023, 12:41:26 AM

If everyone gets losses, how are there still people who trade and don't just choose to invest long-term?
What happens is in the beginner trader phase. we cannot avoid losses. Every beginner or even experienced trader who starts trading must also go through this phase. some losses are bound to occur. but it gives beginners more experience and knowledge to grow. so that they can reduce the risk of loss gradually, they will make a profit.

Newcomers who lose money usually return to the market with a new deposit in order to exchange their money for experience once again. And in the end, they will either learn how to trade with profit, or become investors if they do not have the strength to leave the illusory opportunity to become a millionaire forever.

jeraldskie11

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Quote from: Troytech on December 26, 2023, 09:48:36 AM

Knowing how to trade would only get you that far, but not j to the realm of successful traders. It takes a whole lot of desire to win, persistence and consistency to be a successful trader. So I assure that anyone who wants to be a successful trader can be by pursuing with passion.

I agree with you. Just because a person know how to trade doesn't mean he is profitable. There are lot of traders out there who can't manage to be profitable even though they spent a lot of time to trading. There are people who had been in trading for 5 years but still losing, but there are also 1 year but already profitable. Being successful is not about how long you have been in trading, instead it's how disciplined and serious you are in trading.

Litzki1990

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How much does success mean? I have learned many things in trading that I could not learn before trading and I consider these things success. I think the idea that success can be achieved only by earning money or that one who earns money is successful. Now I can risk money now I have confidence in myself now I have enough understanding about trading and now I understand trading charts well that is success for me. I have not only learned these things by trading but also by trading on my own skills I have made enough money so as you say I can consider myself a successful trader.

yudi09

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Quote from: ndutndut on December 27, 2023, 09:36:41 AM

-snip- Trading can also be used for gambling, depending on the response. If you want to get rich in trading, you have to struggle for years. You can suddenly become rich or suddenly poor if your mindset in the world of trading is like gambling, if you don't understand the market, of course you will lose, after a loss you will definitely leave trading. So trading is not as easy as you imagine, it requires knowledge and strategy.

I imagine it's very easy when that's not true in practice. Years of learning to trade without wanting to try equals zero. The equation of trading with gambling may be interpreted as a type of trading because the trade that is easy to practice in my experience is spot, not leveraged trading which always misses initial estimates.

Strategies and patterns are necessary but trading on familiar types of trades is more recommended. Don't go into leverage trading if you don't understand how.
Beginners often lose in leverage trading, even professionals experience it too.

BitcoinTurk

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Quote from: Troytech on December 26, 2023, 09:48:36 AM

Many persons have shared their bad experiences about trading in general, how they lost their funds, got into debt, even wrecked their finances.

Merry Christmas 🎅 🎄 to you all.

The fact that many people share their unsuccessful experiences is definitely a very useful and nice thing for people who are new to the cryptocurrency markets because all these experiences have been gained by losing money and are experiences that people who are new to the cryptocurrency markets can access and learn from for free. For this reason, it is very important to read especially negative experiences carefully and learn from them to avoid making the same mistakes.

On the other hand, in order to be a successful trader in the cryptocurrency markets it is very important to manage risk well, get maximum efficiency from all kinds of experiences, constantly improve technical-fundamental analysis knowledge and be patient. In particular, I would like to underline that individuals with all these factors generally perform more successful trades in cryptocurrency markets.

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