Anyone out there doing money by trading? How? - page 3.

SirLancelot

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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?

Well, I agree that it's hard to find people who are able to make money consistently in the long run by crypto trading but I do know some personally who have done it and are doing it quite successfully. I tell you a secret today, those who are actually making money by trading will never say so because they know they are making money and they don't need to sell the idea or seek others approval.

Trading is just like any other money making idea, you need to apply yourself and actually learn the strategies, tools, etc and practice them with smaller amounts. With any profession you need a degree and years of knowledge similarly with trading if you have to actually make money you will have to take it seriously and learn about it in depth. People trying to learn trading overnight are actually soft gambling.

Mpamaegbu

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Quote from: bitmover on January 02, 2023, 02:34:30 PM

Here is how you to make money trading.

Open 2 accounts, one in each exchange.

Open a long position in one, and a short position in the other. Make a video of both.

The one that you made money (no matter which one) make an online course about trading showing your video. Then sell it in Twitter/Instagram or any other social network to teach people how to trade Tongue

I see so many "traders" selling courses. They are the ones making money.

Funny, indeed. However, despite how sad this is; there are people who cash out through that process. This is why I find it difficult believing that those who sell signals on Telegram are genuine traders. They're mere signal marketers who prey on the naivety of lazy traders to enrich themselves. Genuine traders are not likely to have much time on their hands to be dishing signals while they're on trades.

OP, don't let the losses of those you know discourage you from believing there are profitable traders around who live solely on trading. They may be infinitesimal but surely they're there.

barbara44

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Quote from: beerlover on January 08, 2023, 03:21:42 AM

It's not about "is there someone out there you don't know about", it's about are you one of them, and if you are one of them then how did you do it. We can guess that there is at least one person, probably dozens even hundreds of people who make a profit from trading daily, but we do not know them.

If we knew how they do it, like if that person explained to us how they can make that happen, then we would learn and do the same. I personally do not make enough from trading to consider it a full-time gig, I do not make enough to consider it even a part-time gig. So I can't answer this question, but if there is someone who does, with proof of course, it would be great to explain it.

I think both questions are still the same. When he said "is there anyone" it's already understood that we are included on it. I don't think there are hundreds or thousands of people who can be able to rely on trading and make it as their primary source of income but there are a good number of them who can be able to pull off a profit even at most times.

Losses are there and they are aware of it, that is why they only treat it as a side hustle. Someone could share their trading strategies here and then we might attempt to follow it but we should keep in mind that things can still occur differently. One thing that is responsible for it can be luck.

Lida93

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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.

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Quote from: Tony116 on January 05, 2023, 05:42:34 AM

If you are asking is there anyone who is successful in trading and they consider trading as their primary source of income? I can say that, yes, there are many. But to do that, they also spent a lot of time studying and training and also lost a lot of money in the past. Everything needs trade-offs to achieve, it's not easy to do in a few days or a year or two, it's a very long and arduous process.

As a newbie, you need another source of income, not just trading, because trading is not always profitable for us. Only consider it the primary source of income when you have enough experience and are sure of your earning ability.

It's not about "is there someone out there you don't know about", it's about are you one of them, and if you are one of them then how did you do it. We can guess that there is at least one person, probably dozens even hundreds of people who make a profit from trading daily, but we do not know them.

If we knew how they do it, like if that person explained to us how they can make that happen, then we would learn and do the same. I personally do not make enough from trading to consider it a full-time gig, I do not make enough to consider it even a part-time gig. So I can't answer this question, but if there is someone who does, with proof of course, it would be great to explain it.

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There are alot of people who already make a lot of gains because of trading and of course, they make a lot of time investment too before being in the situation with them right now of having winning trades, it consumes alot of time, money and emotional investment with this because it's all about the battle of experience, knowledge and emotions in executing a trade, I suggest to invest first with your fundamaneltas in trading and seek for the strategies so you can adopt or make your own technique to wins your trades. Always makes your own decision and do not wait for the signals of other people.

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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?

You can only say this if you are already a long term trader who experienced a lot of troubles with your trades. I’ve been trading for years now and I can say that my total profit for a year is quiet not big but good enough to meet my target. Have your yearly target, assess if your trading strategy is good or something is bad with your approach, trading should be profitable so don’t let any losses to stop you from doing better.

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Quote from: AicecreaME on January 06, 2023, 07:32:24 AM

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 seems that you still need to learn a lot before jumping to conclusions and say trading cryptocurrency is not profitable. I know a lot of people who are making huge amount of money in trading, and they are amazing because of their long term experience in trading. It sounds bitterness when you said "trading in the long run is not profitable", not because you can't make money on it doesn't mean it's not profitable for everyone.

That's right, just because I may not, doesn't matters others won't either. I could make a lot of money while you could lose a lot, I could make a lot with you, or we could both lose. It's just something about the period and there are a lot of people who are trading and making huge amounts of profit right now.

We need to learn how to be like them, but if we do not want to that's fine as well. Some of the richest people I know in the crypto world are people who just bought and hold good coins, mainly bitcoin. I had a friend who had ETH when it was 9 dollars or something, still holds to this day, says he will never sell. So, it's important to find your place, and if you are happy there, that's fine, if not, go search for it.

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Quote from: Viscore on January 05, 2023, 04:23:52 PM

No one would want to trade without wanting profits in return, as there are a lot of successful traders but chose to be silent and stay low key despite of their huge wins or profits. ..

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.

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Quote from: Cling18 on January 06, 2023, 11:49:00 AM

Quote from: ?? on ??

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?

The secret to become successful in trading is to outwit other trader on your. It’s either you will enter against the flow when you feel that the current trend is already reversing or just follow the flow itself.

No one can give you an exact formula to win because winning on trading means someone is losing. There’s no way everyone will have a profit because the order book liquidity is limited to the amount of money of all the traders. The only way to become successful in trading is to develop a strategy that will works for you. Trading is a trial and error.

Others say that trading is like gambling because you are also facing risks so expecting huge and continuous income from it will be too much not unless you are already a trading expert. I agree that there is no exact and accurate applicable strategy to it but we can apply any strategy that will fit our analysis. Anyone can earn in trading but your success will depend on your skills. Considering the risks, there will surely be times when you will fail and lose in gambling so it will be a big challenge.

It wont never be trading like gambling unless you trade and you dont know at all and just waiting for luck to struck you. Gambling is mostly luck even if you have strategy still your percentage of winning is still low. In trading that is why you keep learning its because you want to predict your market. It need skills not luck, but there are still people that are doing trading in gamble style but it isn't profitable in the long run

Cling18

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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?

The secret to become successful in trading is to outwit other trader on your. It’s either you will enter against the flow when you feel that the current trend is already reversing or just follow the flow itself.

No one can give you an exact formula to win because winning on trading means someone is losing. There’s no way everyone will have a profit because the order book liquidity is limited to the amount of money of all the traders. The only way to become successful in trading is to develop a strategy that will works for you. Trading is a trial and error.

Others say that trading is like gambling because you are also facing risks so expecting huge and continuous income from it will be too much not unless you are already a trading expert. I agree that there is no exact and accurate applicable strategy to it but we can apply any strategy that will fit our analysis. Anyone can earn in trading but your success will depend on your skills. Considering the risks, there will surely be times when you will fail and lose in gambling so it will be a big challenge.

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Quote from: a298b112 on January 04, 2023, 04:41:17 AM

if you can wait and sell it only when the prices are up then it is not trading, it is more investing.
If I am correct trading has certain short time frames. It could be a day or a few days. But not months and years.

You are still said to be a trader because you are actively trading your assets regardless of the time frame "eg 1-7 days". I think it just depends on how you set up your trading strategy, but if you are waiting 1 year to take profit then it is the right time frame as an investment.

Sometimes you need time to profit from trading, so you need to wait for the price to rise to your desired target. It is also trading, not investing.

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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 thought the more you learn, the more you know that trading is profitable but I was wrong, and I think also that this is not for you OP.

Quote

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 believe in rumors, not news, and the ads we've seen on the internet but I was certain that many traders have a decent income from trading. Yes, not all went well, and not all survive (just like you) but there are a few traders who successfully win their emotions and reach their goal. But as I see into your story, it was hopeless as you already think that you fail in trading.

AicecreaME

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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 seems that you still need to learn a lot before jumping to conclusions and say trading cryptocurrency is not profitable. I know a lot of people who are making huge amount of money in trading, and they are amazing because of their long term experience in trading. It sounds bitterness when you said "trading in the long run is not profitable", not because you can't make money on it doesn't mean it's not profitable for everyone.

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Quote from: Ryker1 on January 05, 2023, 04:40:47 PM

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?

This proved that trading is not for everyone, trading is a serious way of making money --you need to spend time if you are especially in day trading which is acquired strategies and skills. Doing money in trading is not that easy and as you can see, no one will survive and most of them prefer long-term investment to day trading.
If there is anyone else, I think they will not expose their strategies and anyone claiming themselves as an expert in trading is not true.
When the market price is at a bearish situation it is really hard to have ROI in trading --not unless we are in the bullish trend which is I think everyone gets their profit, so I think long-term holding is more profitable than doing day trading.

It was not for everyone because not all were able to understand the market volatility and even losing a few bucks, they easily just quit then and blame the market. Because the usual thinking that people come into trading is to easily earn a profit but unfortunately, it never works like that as it needs hard work and persistence in order to succeed. I see that many traders are having difficulties in trading and those who keep their faith and pushed themselves to the limit will surely get the highest rewards.

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Quote from: mk4 on January 03, 2023, 03:41:17 AM

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

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

Myself. It's just that personally, I don't do daytrading. My trades span at least a week, to months. As for how you do it, you just need a decent strategy and a lot of reading of documents, and a lot of browsing on Twitter.

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.

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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?

This proved that trading is not for everyone, trading is a serious way of making money --you need to spend time if you are especially in day trading which is acquired strategies and skills. Doing money in trading is not that easy and as you can see, no one will survive and most of them prefer long-term investment to day trading.
If there is anyone else, I think they will not expose their strategies and anyone claiming themselves as an expert in trading is not true.
When the market price is at a bearish situation it is really hard to have ROI in trading --not unless we are in the bullish trend which is I think everyone gets their profit, so I think long-term holding is more profitable than doing day trading.

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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?

If you are looking for successful traders who will claim that they have been into huge returns, I guess you will fail on that. Trading involves money, so that means traders will never risk theirselves to put their lives into danger by claiming that they have been doing great in trading, as they can be a target of scammers anytime. But yes, they really exist, but they are more silent when doing trading and stay low profile to hide their wealth.

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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?

A trader who are making huge profit will never expose it, not unless you have to do that to attract possible trader to follow your strategy which they started their side hassle on sharing it and guiding people on how to trade as well. I know someone who are making good profit, and also know his losses which I can say is not that huge when you compare it to his losses. Trading is not consistent, there are times that you might have a bad trades or the market didn’t go according to your analysis, and to survive on that it will take another analysis, traders have to anticipate it by setting their cut loss price.

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Quote from: crwth on January 03, 2023, 02:56:21 AM

That's definitely one of the things that you can consider when you are talking about trading and if that's what you have experienced so, why not?

For me, the people who are earning a lot are not so noisy about it and just keep it in a low profile unless it's an enormous amount of win and needs to be televised or something.

No one would want to trade without wanting profits in return, as there are a lot of successful traders but chose to be silent and stay low key despite of their huge wins or profits. Those are obviously doing trading to earn a living, regardless if its main source or not. As long as you have great strategies and skills in trading, trading will always be working and profitable in the long run.

Topic: Anyone out there doing money by trading? How? - page 3. (Read 1208 times)