Anyone out there doing money by trading? How? - page 2.

Obari

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Quote from: a298b112 on January 02, 2023, 12:52:49 PM

The more I learn I am kind of coming to conclusion that trading in the long run is not profitable. I mean I don't know any single person who is doing decent amount of money for living by trading in crypto. Hence the question: do you know anyone who is successful trading in crypto? or are you doing well by trading crypto?

I'm sorry for your losses but yes there are people who are doing incredibly well in crypto trading and living all their lives on it. I was once trading (synthetic indices) for some time and my first $2000 was actually from trading synthetic indices and I can also testify that trading though a risky business is still very lucrative.

One thing you have to know is that trading isn't for everyone and you must have to first take things very easy with yourself and try as much as possible to learn the necessary rudiments before jumping into trading and you also have to treat trading as a business and not just merely a get reach quick scheme and hence make fixed plans.

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Quote from: inthelongrun on January 19, 2023, 10:01:25 AM

There are still many traders up to now OP. But I do think that there are only very few traders doing it for a living. Most long-time traders most likely have many sources of income or even have regular jobs just like those that I've met before. I am not really a fan of those so-called traders that are hyping themselves. They are proud to tell people that they trade for a living but are actually selling their strategies and trying to become mentors to newbies. Because if they are really profitable in their trades they do not need to ask for money from other people. Maybe they can ask for affordable fees for their effort but some of them are asking for $2,000 or even more which is insane.

It is a fatal mistake that few traders do to trade for a living because trading has gains and profits, but also there is undoubtedly a possibility of loss, it should not depend on trading profits mainly, the right thing is that we trade alongside our job or alongside any source of income for us, and trading is a secondary thing. Long-term trading can bring us good profits if we have sufficient experience, strategies, and the ability to deal with charts, technical analysis, and the use of stop-losses. Whoever sells his strategies to beginners is definitely deceiving them, because there is no guarantee that these strategies that worked with this person will succeed with beginners, so self-reliance, learning, and patience is the best solution.

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Quote from: Questat on January 19, 2023, 07:32:10 AM

Quote from: tvplus006 on January 19, 2023, 02:59:28 AM

Quote from: South Park on January 17, 2023, 01:00:43 PM

It is possible but it is not easy, depending on the market the failure rate of traders can be between 80% to 99%...

No one can deny the fact that in a bull market this percentage may be higher than in a bear market. And everyone who has experienced at least one cycle remembers how in order to get a profit, you just had to buy some kind of coin, the price of which was higher literally the next day. But with the onset of a bearish cycle, all the profit received was usually lost.

Trading results are better during the bull season but a trader must have to find a way despite the difficult times like we have these days. Either it was just 3-5% earnings per day still big enough to survive. Otherwise, we push to change our job to become a holder.
We could say it was not a good time for traders but I see some people are still enjoying this and still earning, and they have no complaints about it.

For a trader, actually the bullish season and the bearish season are not much different, because they take advantage of every moment indicated by price movements. Also often they use a relatively shorter time frame.
Talking about income for a trader, it will also talk about the capital they spend to start trading. The capital they have is important because it will make it easier to determine the profit they set. I mean minimal capital doesn't make sense if you target big profits. Of course this must also be done by an experienced trader.

inthelongrun

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There are still many traders up to now OP. But I do think that there are only very few traders doing it for a living. Most long-time traders most likely have many sources of income or even have regular jobs just like those that I've met before. I am not really a fan of those so-called traders that are hyping themselves. They are proud to tell people that they trade for a living but are actually selling their strategies and trying to become mentors to newbies. Because if they are really profitable in their trades they do not need to ask for money from other people. Maybe they can ask for affordable fees for their effort but some of them are asking for $2,000 or even more which is insane.

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Quote from: CapGelatik on January 19, 2023, 05:54:00 AM

It's true that we only need to do that but we also have to remember that in crypto it's difficult to predict,
so we have to really do research and it takes a lot of time, for sure,
the most important thing is that we need to know what to do both when it is bearish or bullish.

Crypto has always been unpredictable but despite that and having the characteristic of being unpredictable, there are people that can make money out of it.

They've been used to the market and whatever it moves, still, they can have the notice of what decision they should take. And for them, it's an unstoppable research and continuous learning because that's they've known the market.

If you're not prepared and you stop researching, you may also stop making profit as a trader because it's essential that you have to collect information coming from the market itself and the news that surrounds it.

Questat

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Quote from: tvplus006 on January 19, 2023, 02:59:28 AM

Quote from: South Park on January 17, 2023, 01:00:43 PM

It is possible but it is not easy, depending on the market the failure rate of traders can be between 80% to 99%...

No one can deny the fact that in a bull market this percentage may be higher than in a bear market. And everyone who has experienced at least one cycle remembers how in order to get a profit, you just had to buy some kind of coin, the price of which was higher literally the next day. But with the onset of a bearish cycle, all the profit received was usually lost.

Trading results are better during the bull season but a trader must have to find a way despite the difficult times like we have these days. Either it was just 3-5% earnings per day still big enough to survive. Otherwise, we push to change our job to become a holder.
We could say it was not a good time for traders but I see some people are still enjoying this and still earning, and they have no complaints about it.

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Quote from: tvplus006 on January 19, 2023, 02:59:28 AM

Quote from: South Park on January 17, 2023, 01:00:43 PM

It is possible but it is not easy, depending on the market the failure rate of traders can be between 80% to 99%...

No one can deny the fact that in a bull market this percentage may be higher than in a bear market. And everyone who has experienced at least one cycle remembers how in order to get a profit, you just had to buy some kind of coin, the price of which was higher literally the next day. But with the onset of a bearish cycle, all the profit received was usually lost.

It's true that we only need to do that but we also have to remember that in crypto it's difficult to predict,
so we have to really do research and it takes a lot of time, for sure,
the most important thing is that we need to know what to do both when it is bearish or bullish.

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Quote from: South Park on January 17, 2023, 01:00:43 PM

It is possible but it is not easy, depending on the market the failure rate of traders can be between 80% to 99%...

No one can deny the fact that in a bull market this percentage may be higher than in a bear market. And everyone who has experienced at least one cycle remembers how in order to get a profit, you just had to buy some kind of coin, the price of which was higher literally the next day. But with the onset of a bearish cycle, all the profit received was usually lost.

South Park

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Quote from: a298b112 on January 02, 2023, 12:52:49 PM

The more I learn I am kind of coming to conclusion that trading in the long run is not profitable. I mean I don't know any single person who is doing decent amount of money for living by trading in crypto. Hence the question: do you know anyone who is successful trading in crypto? or are you doing well by trading crypto?

It is possible but it is not easy, depending on the market the failure rate of traders can be between 80% to 99%, and that only takes into account a time frame which is relatively short, so traders which are successful over the long term should be even more rare than that, and when you take this into account this could help you understand why you know no one like that, and when it comes to how to do this I am sorry to tell you that probably no one is going to give you that information, as such information is simply too valuable to give away for free.

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Quote from: TheUltraElite on January 17, 2023, 05:28:37 AM

-snip-

Quote

they make a lot of money because of a small market movement and can have big losses, as far as I'm concerned you can't make a lot of money in a market where there is so much uncertainty, I only see that you can make money in cryptocurrency and trade when bitcoin is in an uptrend any altcoin bought jumps 2x, 3x and more thats what happened in 2017 when there was that big ATH bitcoin hit $20k.

Instead of going for short profits which carry both high risk and high reward we can play it safe over long term which gives good profit with a longer waiting time. Whales have higher volume per trade than what we can accumulate but they have the confidence to cover it back if they lose which we might lack.

The long-term is a good option to provide large returns with risks that may not be as great in the short term. You only need to hold and wait for the price to rise to reach a predetermined target.

Whales always aim for large volumes to sell, before that there was FOMO and some positive trends were already forming.
This kind of trading with a long-term method is good for those who are patient and not too hasty, but those who want to do short-term must know technical analysis to read charts to find the right entry and exit momentum.

Remember the risk will still be there and it is the responsibility of each.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: LUCKMCFLY on January 13, 2023, 08:17:27 PM

I think that the people who make money trading Crypto are few, there are many who can make money, but in markets that are somewhat more robust in terms of volatility, I think more people can make money there, of course than the big whales.

Buying an asset at a high price and selling it at a low price will always lead to losses - this is what happens with most traders out there and there is no way to avoid this unless you are reading the charts well and having the patience. Instead we buy low and sell high it becomes a simple math to see that we will profit. You need whales to tell you this, but you can do this yourself if you have to patience to hold between the cycles.

Quote

they make a lot of money because of a small market movement and can have big losses, as far as I'm concerned you can't make a lot of money in a market where there is so much uncertainty, I only see that you can make money in cryptocurrency and trade when bitcoin is in an uptrend any altcoin bought jumps 2x, 3x and more thats what happened in 2017 when there was that big ATH bitcoin hit $20k.

Instead of going for short profits which carry both high risk and high reward we can play it safe over long term which gives good profit with a longer waiting time. Whales have higher volume per trade than what we can accumulate but they have the confidence to cover it back if they lose which we might lack.

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I think that the people who make money trading Crypto are few, there are many who can make money, but in markets that are somewhat more robust in terms of volatility, I think more people can make money there, of course than the big whales. they make a lot of money because of a small market movement and can have big losses, as far as I'm concerned you can't make a lot of money in a market where there is so much uncertainty, I only see that you can make money in cryptocurrency and trade when bitcoin is in an uptrend any altcoin bought jumps 2x, 3x and more thats what happened in 2017 when there was that big ATH bitcoin hit $20k.

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Quote from: Lida93 on January 08, 2023, 05:12:15 AM

I don't need to prove to anyone or make it public about profits I make through cryto trade and I believe it's same for every wise crypto trader for the sake of your security as you could make yourself a point of target to hackers and non-well meaning people around you through your public show.
It's better to lay low perhaps announcing your failures on trades much often than your successes. There are lots of crypto traders out there doing very well with profits and we don't need to loud it so OP go do your analysis well and come back with forensics to your claim.

This exactly my thought experience and professional traders won't publize or reveal their profits earned from trading and I believe it is personal issue because a lot of professional traders prefers to do their trading anonymously, infact they are so busy and earning well such they don't have time to mentor newbies, and it's very obvious such traders are profiting well based on the huge numbers of traders in the major exchanges and huge volume of crypto traded on daily basis, the OP should take time to learn all the basic skills required to become a successful trader of this this is not a day job but a long term training as well as learning and practicing with demo.

Oilacris

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Quote from: borovichok on January 10, 2023, 01:54:28 PM

Quote from: palle11 on January 10, 2023, 10:40:54 AM

This is typical of some traders who believe that when you go into trading then your financial challenges are over, no because it is not like that. Trading has its own challenges and some weeks the loses are so much that you want to consider leaving and this is why trading should be like a side hustle for those not experienced on it but professional traders have a way around trading because even when they lose their capital they can easily come back.

We have so many areas of trading, one could either chose the one that work for them or follow their influencer in market. Money is what everyone wants for trading, we fund in other to gain profits in trading position. It's advisable to always have a side hustle if one would succeed in trading, most people don't depend solely on trading for their income, it's outside their work or when less busy that they open trading position, some either learn the FA and TA by themselves, paying for signals group inother minimize their loss and maximize their profits. Trading is basically meant for profits, in a situation where one is recording more loss than profits is very economical and not presentable.

If you are really that on a situation on which you arent that earning that sufficient then trading would be a worthy side hustle but of course you would be needing up that risk taking decision whether you could able to bare up with that or not.This isnt something that everyone could deal off with, not only on the risk involved but also on the money that you do need to invest and make use for you to make up some trades.

There are indeed people who do make money out of trading and they are just on the other side for those who do losses in front.
If you are really that serious to be part of those profitable traders then you should do your best.

tjtonmoy

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Quote from: a298b112 on January 02, 2023, 12:52:49 PM

The more I learn I am kind of coming to conclusion that trading in the long run is not profitable. I mean I don't know any single person who is doing decent amount of money for living by trading in crypto. Hence the question: do you know anyone who is successful trading in crypto? or are you doing well by trading crypto?

Loss and profits are both there when it comes to crypto trading. But the main concern here is how many times are you making the same mistakes that is leading to your losses, and are you able to make more profits than losses?
There are many people who are successful and doing great to lead a good life while trading. You just need to improve your research. And who says trading is non-profitable in the long run? As you trade more, you gain knowledge to improve yourself. You get better at it. Thus you make more profits.
I totally disagree with this whole topic.

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Quote from: Lucius on January 04, 2023, 09:56:30 AM

Quote from: Liquid_Gas on January 04, 2023, 09:25:02 AM

If you truly believe you can make great money, then you will probably WIN. Best wishes to the winners!

What does believing in something have to do with what will happen in real life? ...

You are asking one of the most important questions any human could ever ask

Positive attitude combined with the belief in exciting goals has worked for many people, and it's working pretty good for me on most days:
“Belief gives you the power to achieve the extraordinary.” Chris Powell
“If I have the belief that I can do it, I shall surely acquire the capacity to do it even if I may not have it at the beginning.” Gandhi
“Belief has the power to change your inner state and your outer world.” John Paul Warren

borovichok

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Quote from: palle11 on January 10, 2023, 10:40:54 AM

This is typical of some traders who believe that when you go into trading then your financial challenges are over, no because it is not like that. Trading has its own challenges and some weeks the loses are so much that you want to consider leaving and this is why trading should be like a side hustle for those not experienced on it but professional traders have a way around trading because even when they lose their capital they can easily come back.

We have so many areas of trading, one could either chose the one that work for them or follow their influencer in market. Money is what everyone wants for trading, we fund in other to gain profits in trading position. It's advisable to always have a side hustle if one would succeed in trading, most people don't depend solely on trading for their income, it's outside their work or when less busy that they open trading position, some either learn the FA and TA by themselves, paying for signals group inother minimize their loss and maximize their profits. Trading is basically meant for profits, in a situation where one is recording more loss than profits is very economical and not presentable.

palle11

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Quote from: TheUltraElite on January 10, 2023, 10:22:04 AM

Hence the question: do you know anyone who is successful trading in crypto? or are you doing well by trading crypto?

Quote from: TheUltraElite on January 10, 2023, 10:22:04 AM

There are professional traders, but dont hope to become one yourself. I follow the simple method of buying low and selling high - this takes time to cycle over the bull/bear cycle but churns out decent profits if you have patience.

Note: I am talking mostly in terms of long term Spot trading.

This is typical of some traders who believe that when you go into trading then your financial challenges are over, no because it is not like that. Trading has its own challenges and some weeks the loses are so much that you want to consider leaving and this is why trading should be like a side hustle for those not experienced on it but professional traders have a way around trading because even when they lose their capital they can easily come back.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: a298b112 on January 02, 2023, 12:52:49 PM

The more I learn I am kind of coming to conclusion that trading in the long run is not profitable.

How are you drawing such a conclusion?

Quote

I mean I don't know any single person who is doing decent amount of money for living by trading in crypto.

This depends upon your perspective, if you are thinking that you can leave your job and get into earning millions by trading then you are wrong. Again it is also true that you can make a certain amount in trading that might vary every month and be happy with that while running a job.

In other words - Trading can be a side hustle for many of the users who know the basics of stock market trading and speculative markets. It may not be enough to support your living.

Quote

Hence the question: do you know anyone who is successful trading in crypto? or are you doing well by trading crypto?

There are professional traders, but dont hope to become one yourself. I follow the simple method of buying low and selling high - this takes time to cycle over the bull/bear cycle but churns out decent profits if you have patience.

Note: I am talking mostly in terms of long term Spot trading.

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Quote from: Kasabus on January 05, 2023, 04:46:07 PM

I am not really good in trading but I have also not been losing that bad when trading. Because as long as we trade using our decent and working strategies and keeps on improving our knowledge and skills in trading, we can expect to come up with successful trading later on. Of course, there are still inevitable losses and but at least we were able to maximize our profits too.

Doesn't quite make sense. Are you in profit or loss overall should be the question and if the answer is loss then basically you are fooling yourself by saying "you are maximizing your profits". If you are break even then it's basically a hobby more than a profession.

Quote from: tvplus006 on January 07, 2023, 06:19:08 AM

Everyone knows that only a small percentage of traders trade with profit, the rest either lose their deposit completely or partially. Therefore, there must be those in the market who do not know how to trade, and who will definitely lose their money just so that a small part of traders will make a profit.

Agree, 95% of the traders lose money and it goes into the pockets of the 5% smart traders who know what they are doing. Since the introduction of altcoins this market has become worse because people are literally buying memecoins and waiting to get a 100x which may happen but neither it's healthy habit nor profitable in the long run.

Topic: Anyone out there doing money by trading? How? - page 2. (Read 1208 times)