Topic: Are you profitable? (Read 574 times)

But the fact is that many of the newbies we meet today don't make trading videos uploaded from influencer YouTube channels as material to deepen their knowledge, instead they imitate these trading strategies and apply them to their own trading because beginners are easily tempted and want to get instant profits through crypto trading and they believe that if they follow the trading signals created by influencers they will be able to continue to profit so they continue to depend on other people's strategies whenever they want to enter the market.

I have nothing much to show to encourage people but yes, I was in profit. Many times I suffered losses and sometimes I even think about quitting but never, instead, I make myself clear about what I really wanted to happen and that is to learn more first before thinking about earning a huge profit. I tell you that it is a must for us traders, especially for newbies to be focused on our goal. Yes, our goal is to earn more but this becomes impossible if we are just contented with what we learned in the past, instead we need to learn more and make everything we did every day a lesson to ponder.

As we know very well the majority of the traders out there lose money, and any trader making even the smallest amount of money is already doing better than the majority of their peers.

However the few which can indeed make significant profits on the markets are not squandering their time creating youtube videos to impress a bunch of people, those traders are being hired by trading companies or they are creating their own company and they get way more clients than what they can manage, so it is obvious those influencers are fake and no one should follow or listen to them.

There may be two possibilities:

1. Yes they are if they are really doing trading activities. Traders will only get two things from trading: profits and losses. And of course, as long as the influencers are good at market analysing and have been professionally trading they will be able to earn profits, whatever the amount, they are really profitable.

2. They are not, because they are only promoting, not exactly doing trading. This only happens to paid influencers on certain projects or platforms. So, basically, they are not traders, but only paid influencing.

But, what most people donate is the loss that they have been experiencing so far. Because most influencers will not probably share their loss in order to ensure the followers do whatever they are doing. So it means that they probably sometimes hide certain information that the followers will not like.

For, in trading, it is impossible if no loss is experienced during the time, there must be any loss, even though it is just small percentages. That is why, whoever we are, never trust 100% to infleuncers, be wise in accepting any infomration in the online activities.

I would advise you to never trust any influencer. They basically sell their very souls to whoever pays them. They are definitely not real traders. They scheme and lie and find ways to avoid legal responsibility later down the line.

Notice how these influencers always have fancy cars like lambos or ferraris in their videos? The truth is always that those cars are rented and the other people around them are paid actors. Its been proven and these influencers have been exposed time and time again.

As a real trader, I am "barely" profitable. The profits are slim but they exist. Thats what real trading is. Don't believe anything else.

Trading is a craft that demands a particular set of skills, not the least of which is discipline and emotional control. My perception is that a select few traders have achieved a profitable edge, while a majority of individuals engage in trading solely to accumulate clicks and likes on social media platforms. The signals disseminated by these social media traders can produce profitable results, though such outcomes are not always guaranteed. It is crucial to understand that even if the signals being presented are reliable, blindly following them will not necessarily translate to significant financial gain. In addition, sharing personal trading journals with others can disrupt the carefully-crafted business models of successful traders, so it is often not advisable to do so.

The truth of the matter is that the vast majority of social media traders earn their revenue from the content they produce rather than the actual trades they execute. However, there are legitimate traders out there who often secure profitable trades. Nevertheless, it is an inescapable reality that even these traders may occasionally incur losses. As for myself, I cannot claim to be a consistently profitable trader; I find myself somewhere in the middle of the spectrum. While most of my spot and futures trades have been profitable, there have been instances where I have suffered significant losses.

whilst there are certainly profitable traders out there who share their trades and journals, it's important to be cautious and do your own research before following anyone's advice or investing your money.

i myself is not yet profitable trading. a whole lot of noise to weed out to find something real, to me this is key

I have invested few times but faced loss many times. But gradually when I got a good idea about investing I never faced much loss since then. I think first of all to start trading he must have good knowledge about the market and get ideas from investors. If you don't have a good idea then investing in the market will definitely have no way but to lose money. Therefore, if you want to gain good profit by trading, you must discuss and analyze the market and invest later.

This is a very good idea and suggestion. Staying out to do an overview of trading strategy is actually something lacking with traders especially newbies for the reason of trying to make profit faster. Some strategy maybe obsolete but if you don't take a break then you may not know that you need to change a strategy that is not working. Some traders depend on luck even when trading wrongly but luck can't take someone far than they are prepared to get to.

I was really a successful trader yet but hoping it comes soon.
However, I have to share something that brought me to at least being a profitable trader and these are;
 - trust in yourselves, not other's idea
 - know your limitation, if you ever lose today or like it says we are too unlucky, we better stop and relax, and just resume it tomorrow
 - never stop learning and upgrade/modify strategies if possible because not all them works, some may become obsolete

OK, so it's not a secret. That should give plebs, especially newbies, a lot more doubts and a lot more cynicism on what benefit the influencers' work actually brings. The question for users, is their content for the benefit of the plebs like us, or is it for their sponsors?

It is impossible to consistently make money trading bitcoins; you must occasionally lose money. Even internet influencers tend to hide their losses, which leads most people to believe they are always making money. Despite this, they continue to do it for the people in order to get paid if they subscribe.

You said it right, I've noticed this mainly in the influencers in cryptocurrencies. They are sharing their wins but not their losses and actual trades. Don't believe in them so quickly.
Because what they might be showing to the public are only their wins because they know that showing losses to their fans could make them less of it.
When it's about winning in my trades, I'm mostly a passive trader and does the strategy to just hold and sell when the time and price are right. So yes, if it's all about being profitable but as an active trader, no.

I dont think so! The second you said influencers means their income could be coming from driving the masses to where the need people signing up and the alike so that the get the commission and not from trading.

The thing with trading is anybody can guess the zone where they anticipate price to move up or down but the million dollar question is can you do this on a regular basis, i doubt if most can because stats out there say 90% of traders fail and numbers dont lie.

Btw the real money for these guys comes from being subscriptions!!!

I count my self profitable with the winrate of slightly above 50% and with a minimum risk to reward of 1:5 am definitely in the green and as for my journal i kind of stopped doing this because i put my notes on trading view  to keep my trade history and all.

have no reason to explain mine but what I can say is that every one of us has their our own plans and strategy same as tolerance in everything,
if you think that we are not gaining then give up, but as long as you are trusting this currency? then the chance of gaining is always there though sometimes it took time before the finality .
there is no permanent thing in the world so if you are gaining now then best to gather and accumulate because in time that we lose? we have something to take out.

My guess is that you just read the title without reading the OP's question in detail. What OP wants to ask is whether the trade is profitable, he is not asking or saying that investing in bitcoin is not profitable.

Long term investment or trading both generate profits, but I find trading much more complex, it requires a lot of knowledge, skills, and experience. Meanwhile, holding is easier, but the benefit of trading is that you can make a daily profit even more than holding if you are really good at it.

Profit and loss is normal in trading, when we are profitable then the best thing is to be silent and never think that we will be profitable forever, I have a friend who makes crypto trading for his income, and now he is successful because he can get big profits from many altcoins whose prices have skyrocketed.

To be honest, I've really had it pretty rough this past few months making wrong decisions just because of being driven by emotions on my trades sometimes. Either getting too greedy or getting caught up in revenge trading and noticing it a bit too late. That's why I decided to keep my hands off of futures for the time being and went for spot instead which turned out to be a great choice for me since I avoided suffering losses and instead gain a few wins(just a small amount of profit). Although it isn't as great as the wins I get from futures back then, it is much safer and slowly builds my patience and skills. I think I'll be staying like this for a while until I'm confident enough with my skills to go for futures.

Agree with you, all unprofessional "gurus" trying to make profit from followers themself

     Influencers take advantage of their followers who admire them for their own interest. And usually, they earn a lot if they accumulate millions of views.

    But the other followers who follow them do not earn as much as the influencers and the majority of the social media community knows this as well, to be honest. In short, influencers who say that it is easy to make money trading in cryptocurrency should not be taken for granted.