Here is tip — keep your own journal, keep checking your past trades and learn from mistakes.
Traders/influencers you talk about try to make money of you rather than helping you to do so, stop bothering with them altogether.
Topic: Are you profitable? - page 2. (Read 555 times)
spot trading is like slow and something less risky, and less profit also
futures and options are very risky and fast profit, but , who knows what will happen in market,
so don't suggest any newbie trader to trade futures or option, if you are experienced then futures can make you much money then spot,
I think spot trading and just buying and holding is a great piece of advice for beginners than trading futures or options trading. Of course we don't mean they can't afford it, but beginners should learn a lot more before jumping into high risk trades. Spot trading and investing do not make them lose coin, but it is always possible to get fluctuating prices.futures and options are very risky and fast profit, but , who knows what will happen in market,
so don't suggest any newbie trader to trade futures or option, if you are experienced then futures can make you much money then spot,
It happened to me that I showed futures trading to one of my colleagues and I made 7 dollars in the first round and he got greedy and went to futures trading with 300 dollars and lost the entire fund due to a mistake.
Another cynical, but possibly true, viewpoint would be is that those "influencers" are actually paid secretly by "sponsors", like exchanges, to encourage the plebs and the newbies to use a more active trading strategy. It encourages more buy/sell orders, which converts to more trading fees for the exchange.
I have worked with plenty of them in my time as a marketing person, I can tell that they are not secretly paid, people know they are paid, it's open for business, they even list their prices and then promote the coins that pay it and for some reason people still buy it.You want to know the reason? When an influencer is too big, even things they promote, however terrible they are, may go up because those influencers could make it big, people buy because they think they can make a profit from that and because they do buy it, sometimes it does go up, and they think even terrible projects would go up because influencers promoted it, that's the only reason.
spot trading is like slow and something less risky, and less profit also
futures and options are very risky and fast profit, but , who knows what will happen in market,
so don't suggest any newbie trader to trade futures or option, if you are experienced then futures can make you much money then spot,
I think spot trading and just buying and holding is a great piece of advice for beginners than trading futures or options trading. Of course we don't mean they can't afford it, but beginners should learn a lot more before jumping into high risk trades. Spot trading and investing do not make them lose coin, but it is always possible to get fluctuating prices. futures and options are very risky and fast profit, but , who knows what will happen in market,
so don't suggest any newbie trader to trade futures or option, if you are experienced then futures can make you much money then spot,
Another cynical, but possibly true, viewpoint would be is that those "influencers" are actually paid secretly by "sponsors", like exchanges, to encourage the plebs and the newbies to use a more active trading strategy. It encourages more buy/sell orders, which converts to more trading fees for the exchange.
I have worked with plenty of them in my time as a marketing person, I can tell that they are not secretly paid, people know they are paid, it's open for business, they even list their prices and then promote the coins that pay it and for some reason people still buy it.You want to know the reason? When an influencer is too big, even things they promote, however terrible they are, may go up because those influencers could make it big, people buy because they think they can make a profit from that and because they do buy it, sometimes it does go up, and they think even terrible projects would go up because influencers promoted it, that's the only reason.
In trading many people especially online influencers and traders, Are they really profitable?
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This is exactly the best question so far to ask those influencers or just clout chasers because of the current market condition.
These people especially those on social media spread about trading, and most of the only content they are posting are those win trades or they are basically telling that you can make easy money on trading.
Another cynical, but possibly true, viewpoint would be is that those "influencers" are actually paid secretly by "sponsors", like exchanges, to encourage the plebs and the newbies to use a more active trading strategy. It encourages more buy/sell orders, which converts to more trading fees for the exchange.
Someone said ones that most of these professional traders that have courses make more from selling their courses than actual trading. It was funny at the time but its true.
Its a pandemic in the forex space. On twitter you'll see a caption like "become a forex trader from scratch in 7 days". What on gods green earn is that bs? Now when you register for their courses they will teach you the basis things about the market, things you already know. At the end of the seven days or on the fifth day they will say things like to go advanced into the course pay $50-$70. The people that fall into that trap will pay for the course and learn nothing in the end. All these are different forms of fraud available these days. It pains me that people fall for these shit.
I know that there are real genuine courses out there handled by real, actual traders and that is why I don't generalize because it will be too unfair to people that actually put in the work to impact others but you just have to be careful with who you give your attention to these days.
Its a pandemic in the forex space. On twitter you'll see a caption like "become a forex trader from scratch in 7 days". What on gods green earn is that bs? Now when you register for their courses they will teach you the basis things about the market, things you already know. At the end of the seven days or on the fifth day they will say things like to go advanced into the course pay $50-$70. The people that fall into that trap will pay for the course and learn nothing in the end. All these are different forms of fraud available these days. It pains me that people fall for these shit.
I know that there are real genuine courses out there handled by real, actual traders and that is why I don't generalize because it will be too unfair to people that actually put in the work to impact others but you just have to be careful with who you give your attention to these days.
In trading many people especially online influencers and traders, Are they really profitable? many new people trapped buy listening to those influencers that they say just you need to buy at this line and sell at this line. and whoa! you made profit, They just teaches people basic TA and charge huge amount to learn. but they doesn't share their personal journal or something, they say us that you need to make an journal, do that, do that ,
but they don't share there trades, I really get jealous of that kind of people they say to innocent people that you can make money out of this, and make money selling courses which i very basic that we can learn from a good affordable book.
some traders trade live and share there losses and wins, and after a month they share there total PnL(profit and loss) and they made real profits, (some people say they just share there other account's Pnl , we can't know that)
My question is are your profitable trader and can you share you journal or something ?, many of us will feel motivated.
but they don't share there trades, I really get jealous of that kind of people they say to innocent people that you can make money out of this, and make money selling courses which i very basic that we can learn from a good affordable book.
some traders trade live and share there losses and wins, and after a month they share there total PnL(profit and loss) and they made real profits, (some people say they just share there other account's Pnl , we can't know that)
My question is are your profitable trader and can you share you journal or something ?, many of us will feel motivated.
Doing trading here in cryptocurrency is not easy, if those who have been in this industry for a long time have not been able to make a profit in trading for several years, how much more so are the newbies who do not have enough knowledge?
If you are going to make money here, then you have an understanding of crypto trading, it's that simple, but joining the trading signal group is nonsense in my opinion and perspective.
People who can learn to trade well can profit even in all situations because they know how to make the most of every moment. So if you want to profit from trading, you must learn more about trading and try to learn about analysis too, until you can analyze the market well. I can't share my journal or anything else because I'm afraid it won't work for you and you can tell me later if I'm lying. It will not be good for the friendship we have forged so far.
I believe the learning won't be just spot trading alone because there are some months that Bitcoin just keeps on dumping and if anyone was trading with spot market, they can never be successful. For a trader to be successful in any situation of the market then they must also be trading futures market that makes it possible to profit when Bitcoin is dumping.
Future traders are one of the traders that can be successful in all situation of the market, by opening a short position they can make profit when the market is dumping and a long position for when the market is pumping and they can do all this without owning any Bitcoin.
spot trading is like slow and something less risky, and less profit also
futures and options are very risky and fast profit, but , who knows what will happen in market,
so don't suggest any newbie trader to trade futures or option, if you are experienced then futures can make you much money then spot,
i see spot is like buying(owning) a coin or stock,
and options or futures is like predicting what will going to happen.
People who can learn to trade well can profit even in all situations because they know how to make the most of every moment. So if you want to profit from trading, you must learn more about trading and try to learn about analysis too, until you can analyze the market well. I can't share my journal or anything else because I'm afraid it won't work for you and you can tell me later if I'm lying. It will not be good for the friendship we have forged so far.
I believe the learning won't be just spot trading alone because there are some months that Bitcoin just keeps on dumping and if anyone was trading with spot market, they can never be successful. For a trader to be successful in any situation of the market then they must also be trading futures market that makes it possible to profit when Bitcoin is dumping.
Future traders are one of the traders that can be successful in all situation of the market, by opening a short position they can make profit when the market is dumping and a long position for when the market is pumping and they can do all this without owning any Bitcoin.
I buy Bitcoin at $18k and then I sell them today, it was indeed a profit already. But because I plan to sell them during the Bull run, that is why I hold and even buy more.
Will the truth OP, people are here investing in Bitcoin for one reason and that is to earn profit. Perhaps they are willing to hold for many years just to wait for the next ATH. May some sell earlier but I believe they still make a profit from them. Now, if you doubt OP that investing in Bitcoin is not profitable, I would say that better not ask as it was not on your mind.
when those who invest in Bitcoin have made a profit and they are satisfied with the profit they have, then it is okay to sell it. even some investors may practice more like that. buy hold and sell when profitable. then just waiting for the moment to buy again, and a cycle like that can happen again and again. we just need to study how it happened. although the pump and dump potentials that occur in the market are not always the same. Will the truth OP, people are here investing in Bitcoin for one reason and that is to earn profit. Perhaps they are willing to hold for many years just to wait for the next ATH. May some sell earlier but I believe they still make a profit from them. Now, if you doubt OP that investing in Bitcoin is not profitable, I would say that better not ask as it was not on your mind.
I'm also a trader, but for now I'm down because I suffered a big loss.I guess next year I'll raise some more money and try again.
for now I can't share because I don't experience profit.
Do not give up, there are plenty of people who has lost money before and I think it is important to learn that experience as well. If you lost, then go back and check what you did wrong, if you can spot what you did wrong that is great, if not then maybe ask some people what you did wrong and how could you avoid that next time you are trading.for now I can't share because I don't experience profit.
When all of that is done, try to collect some more capital, however long it takes, and when you have that capital then you could just try to trade again, and this time around avoid that mistake and not do that again. Maybe you will do a new mistake, who knows? No guarantee to profit, but if you learn enough, you will do well.
I'm also a trader, but for now I'm down because I suffered a big loss.I guess next year I'll raise some more money and try again.
for now I can't share because I don't experience profit.
for now I can't share because I don't experience profit.
I envy that time because people make a lot of money in trading and me I don't have any knowledge how does it works by that I make an investment in my know and make my own strategy of trading I'm not too much professional with that thing so I didn't teach like the course given by the streamers some of them use those knowledge to create a power to gain followers and teach them of course with a payment. In my case I teach for free because we keep sharing information and knowledge for the benefit of all.
Most of my trades are win because of the knowledge I have even a small traded consider a profit.
Most of my trades are win because of the knowledge I have even a small traded consider a profit.
I buy Bitcoin at $18k and then I sell them today, it was indeed a profit already. But because I plan to sell them during the Bull run, that is why I hold and even buy more.
Will the truth OP, people are here investing in Bitcoin for one reason and that is to earn profit. Perhaps they are willing to hold for many years just to wait for the next ATH. May some sell earlier but I believe they still make a profit from them. Now, if you doubt OP that investing in Bitcoin is not profitable, I would say that better not ask as it was not on your mind.
Will the truth OP, people are here investing in Bitcoin for one reason and that is to earn profit. Perhaps they are willing to hold for many years just to wait for the next ATH. May some sell earlier but I believe they still make a profit from them. Now, if you doubt OP that investing in Bitcoin is not profitable, I would say that better not ask as it was not on your mind.
Trading is a very lucrative and sometimes it comes with alot of fun, that's if you're doing the right thing and I also gets so fustrating and heart breaking if you're not doing not right.
To be successful in trading, one has to do alot of research works and not just focus on YouTubers or influencers to influence you because just as their name implies, they might at some points influence you.
When getting into trading, it is most important to learn majorly risk management because no matter how profitable a strategy might be, without proper risk management, the whole strategy might not be so profitable as expected to be.
I would say that yes I have been profitable in trading and the first stages of my trading journey wasn't an easy one but I scaled through because I saw potentials in trading and really needed to tap from it and over the period of my trading, I would say that I've been able to make over five times of my initial capital.
To be successful in trading, one has to do alot of research works and not just focus on YouTubers or influencers to influence you because just as their name implies, they might at some points influence you.
When getting into trading, it is most important to learn majorly risk management because no matter how profitable a strategy might be, without proper risk management, the whole strategy might not be so profitable as expected to be.
I would say that yes I have been profitable in trading and the first stages of my trading journey wasn't an easy one but I scaled through because I saw potentials in trading and really needed to tap from it and over the period of my trading, I would say that I've been able to make over five times of my initial capital.
My question is are your profitable trader and can you share you journal or something ?, many of us will feel motivated.
I have two answers for this question. If I consider the short term trading then I would say I am in total loss and that's reason why I quit doing short term trading long ago. Secondly, if you are talking about long term investment then I would proudly say bitcoin never annoyed me in this strategy. The best way to invest in bitcoin is to keep accumulating it aka DCA manner. Invest 100 or 200$ weekly or monthly depending on your budget but keep buying. Never invest all your money at one price.
My question is are your profitable trader and can you share you journal or something ?, many of us will feel motivated.
Can't really say I'm always a profit trader to be honest. Crypto trading is difficult to do and sometimes you can suffered with lose in every trade you make, but at very least you can actually learn about the mistake to not fall for it and avoid the mistake in the future to maximize your earnings. Even the most experienced traders out there sometimes also lost in any occasion because of how unpredictable the market is. My question is are your profitable trader and can you share you journal or something ?, many of us will feel motivated.
There isn't any absolute strategy in tradings. Many will stop working after sometimes. So you will have to come up with a new strategy every now and then. But what helps the most is learning the (TA) technical analysis. This skill will help you come up with strategy all by yourself. Now for my strategy. I like to play it safe. So spot trade is my first choice. I set buy and sell order at different price point and just relax all day. I get small profit, but the loss is almost close to 0.
So I do my analysis and come up with potential price where the market might move between. For example, the current price is $28,400. So the price could move between $27,600 to $28,900. I will set buy order in parts like at $27,700/ $27,900/ $28,200/ $28,700 etc. You get the point right.
So if the target is filled, it will buy and sell automatically. So I can relax all day and if the target is not filled, close the order and do your TA again and make new order.
Since many of these online traders and influencers claim to be professionals, are not. I don't have much faith in them because I think they are only doing it to attract attention of people and increase their social media followers. A successful trader, in my opinion, won't have much time to share anything every time because they will likely be too busy trying to refine their strategy from time to time. Many of those online influencers are there to make money in other ways rather than to support others in becoming great traders.Just be aware that not all those traders Posting are making profits in trading.
I certainly agree with this. Most successful traders don't have time to brag and as much as possiblez their keep their earning details in private. We all know that influencers will always use flowery words to make people believe that they are succeeding in what they do to gain their trust and to attract more followers when in fact, they aren't really reliable. Most of the influencers only focus on making money but they don't really have a concern for their followers even if they are already deceiving or confusing them.
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