Anyone can succeed as a bitcoin trader - page 7.

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To the Moon

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.

tbct_mt2

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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.

It is good for newbies if they read stories about loss with trading, risk of trading because very few people will share their painful stories.

If newbies see successful stories in trading, they will be more easily to be fooled. People with their instinct are very greedy so their mind will be less sharp if they read stories of easy money gain.

People can succeed in trading but chance is small and it is proven by many studies and statistics.

What proportion of day traders find themselves profitable
20 Rules Followed by Professional Traders

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Approximately 1–20% of day traders actually profit from their endeavors. Exceptionally few day traders ever generate returns that are even close to worthwhile. This means that between 80 and 99 percent of them fail.

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It is estimated that more than 80% of traders fail and quit.

Troytech

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Many persons have shared their bad experiences about trading in general, how they lost their funds, got into debt, even wrecked their finances. That's true trading bears such risk but that should not stop you from trying. In as much as there are successful traders you too can be successful in trading. It all starts with your passion, it has been made known by Napoleon Hill a popular writer, famous for the book think and grow rich, that desire is the starting point of all success.

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.

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.

Merry Christmas 🎅 🎄 to you all.

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