Topic: Are you profitable? - page 4. (Read 555 times)

No successful trader will ever share his strategy. All the paid channels that today multiply by dozens are designed only to attract people and receive money, supposedly for education, but as a result, they all turn out to be fraudulent.
It must be accepted that trading for most people will not be profitable, it cannot be learned at once and without investment, and the first year, even if it is successful, will not be an indicator of success, but will still be a year of study.

That is really the problem now because those influencers are getting paid to promote platforms, while others have businesses to promote like signal groups, etc. There are still a few influencers, but mostly what I've seen are pages or accounts on social media giving their analysis on certain coins, and it is up to you to decide what your bias is. I wouldn't say I am profitable, but there are really good months. I do profit, but there is also a loss.

If you want to profit from trading, you need to know yourself about the basic concepts of trading. If you trade based on others then you will never profit there. Most of the time we hear such news that it is said that he has suffered a lot by trading. But if you look carefully, those who analyze the market with their own knowledge and then take trades, most of the time are profitable. To be successful in trading, you must have a complete understanding of trading, maybe it will take you a long time to gain that understanding, but even if it takes time, you must know about it. Never depend on anyone for trading it may put your money at risk.

Many times we see many people join different telegram groups for signals and always follow that telegram group and when about any coin from that telegram group. When the announcement is made, we immediately buy those coins and we wait for the profit, but later on, instead of the profit, we lose all our money there. So never risk your money by making such mistakes.

Influencers or trading gurus that sell courses or signals might not share their trading journals. I see a bunch of trading groups and they only share member profit but of course "Lose" in trading is inevitable.

Maybe the are not trade the make money for making signal and course. My Instagram right now is bombarded with ads of premium indicators and crypto forex signal groups.

Try their strategy as long they offer some kind of free channel. if you think it is profitable then you can proceed.

Not really that necessary imho because those PNL could really be neither just basing up on their winning or profitable trades but not on to  those losing ones or got liquidated.If you do really need up some motivational
things then it would be rather be sensible or worth on making your trading more better rather than on trying to look up always trade results.We know that it is really that this market do compose of profitable
and loser traders on which it would really be just normal that you would really be that minding about belonging into those profitable ones.This is why do your best as much as you could.

I don't think with influencers consistent earn profit from trading exactly in cryptocurrency because as the influence and have many follower easy for them selling premium signal although not worth. I think they not share about how much profit earn but more make their viewer how to get higher traffic and selling another service like bot trading or try how to promote their advertising.

Not any accurate predicting about Bitcoin and altcoin price how expert some one and get more experienced after long time in cryptocurrency word, right now all my trading based on my own research and not interested yet hear or follow influencers recommended exactly for investing in some altcoin. I have been with several premium signal but they can't give accurate about predicting coin up or down and I think they always get profit not from trading but selling their service as joining premium signal.

Thoroughly peeling this off is certainly not going to be easy, but what I will say here is those (influencers or online traders) who share journals that they think will help novice traders, in my opinion it still has to be questioned. I've seen a lot of them share things that I think I've encountered a lot. One thing is certain, they only share their profits without sharing days where they feel big losses. I personally don't trust any professional trader who doesn't lose.
After all, they even avoided being asked about things they didn't understand, and from their explanations that was all they said. Honestly, I doubt the influencers that are booming now, although not all are like that.

Many people are doing that and they are just there to increase their followers and subscribers based on the social platform on which they are publishing the content. The problem with today's generation is simple they want to buy more lies than truth and never want to face what is the weakness. Many of them are involved in such activity for quick profits without any better understanding of the same.

If anyone is going to follow just a random reel maker to understand how trading works then damn, that person is gone out of the world for sure. The PNL they are showing is just fake. It could be anything from a demo account to fake-created macros in excel.

Do not believe anything from such social accounts. They can lead you to losses for sure.

To people in this forum that had been in crypto for almost 10 years, they should be profitable since they have seen bull runs and bear markets several times. It shouldn't fail them anymore being swing traders.

I still can say I'm profitable as I started with nothing and have hodl and sold some BTC I earned during the bull run.
But I'm sure there are people who have learned in a short period of time just by watching the charts with few indicators.

well , i have 2 experince about that since i try to choose trading dialy as a primary income since i got fired from my works.
1. i meet the real trader who is the most baddas trader i knew, and what he say ? dont believe any traders who claim themself proffesional traders who got a milions bucks and open grup vip or something, that u just wasting ur money and got nothing, since he calculated from start and u mostly got next phase after him, and what he give to me, just based TA ,fibs etc, and other depend by your calculation, he dont force me to think like him,because he also not accurate always.
2. based on my experince , no matter how u start and everything , just focused on TA u create , dont get distracted by who got a millions PNL and choose different side from yours, since that make urself lost trust of yourself.

Mostly profitable trader choose to stay under radar, they will not showoff since that make them lose concerate, about me, lol i am the rekt trader who lose win lose since i force myself too much.

Of course there are people who profit, but those who profit are those who have gone through a lot of learning and continue to improve their trading knowledge, not those who are involved in signals or depend on other people's trading decisions. If you want to be successful, you have to leave all kinds of channels that provide signals because most of them are just scam attempts and relying on other people's signals will make you lazy and don't want to develop yourself, I will get more profit when the market is bullish but long term hold is still my top choice.

This probably depends on the influencer or the mentor that you have because I know there are a lot of people who have been able to teach people and have actual trading records to share and they did. They are profitable "as they say" but we can never really know. Most of the people trying to get with it are going to show the good ones only, not the bad ones.

You better choose somebody to follow and not just some random shmuck taking advantage of people.

For my personal trading, I don't do journals, I'm just trading passively with my bot.

In my opinion, trading is like making bread with the same recipe, but the taste at the end (result) is definitely different, and it's impossible for you to be able to perfectly imitate the taste produced by that person. all traders use the same formula and motivation, but the results obtained will never be the same, so even if you do copy-trading, it will be difficult for you to match the achievement of the account you are copying due to various factors.

so my conclusion is that you yourself have to struggle to be able to understand well what you are doing (trading) if influencers say trading is easy then they are not completely wrong and not completely right either.

if learning from a channel or group increases our trading knowledge and skills, it will be good for our development. but what happens to most beginners is to copy trades or signals given in the channels.
even though they are already traders with quite a lot of experience, many of them (influencers) also will not guarantee success from the techniques and analysis that are shared through video tutorials. they must also feel the loss, and it is impossible to continue to profit.

at least we can learn from the group how they place positions, place targets and stop losses, so that at first we can find out why they opened positions, so it's not just random to make transactions. after that we will understand, and put it on ourselves whether the TA taught is in accordance with our way of trading, because in the future we have to know our own trading style, because trading is not just looking for profits in a short time, but for the rest of our life we must be able to make profits continuously consistent

They do not profit from trading, but rather from selling the illusion to others or from currency developers or platforms that pay them to indirectly promote the currency or platform by claiming that it can help you earn a lot for free and in a short time.

Most of the YouTube or Telegram channels that give you tips to become rich are the same ones who benefit from the views, otherwise if you can transfer the money quickly, why waste time creating more videos on YouTube.

It's common in online influencers to have clickbait videos and thumbnails that say "how to easily earn in trading" which gather more audience for them to be interested to learn and you'll have to pay to learn. Some of they teach is true since I learned some basics from it, but for you to have a deep understanding and wide knowledge about it which they ask you to join their team. Of course if they share their journal it would fud viewers since its impossible for them to reach that stage without loss. Seeing those loss would fear them to risk in crypto.


Having our own journal is like a private diary of yours, since there's a lot of mistakes before you regain your profits in PnL. It's a long journey and I'm not yet ready to share it here. Maybe more improvements and good calls but all I can share is that I've improved a lot than before.

I don't plan on sharing mine here because mine is not something I'm currently proud of but with time and consistent development I'm sure I'll share mine showing both my loses and my profits.

And another thing you should take note of, most of those people who call themselves professional traders only say that so that they can sell their course or perhaps to get more views and subscribers to their channel, when you come across a genuine pro trader that wants to pass knowledge to others you'll be able to recognize him/her at first site.
Some YouTubers pro traders just talk about how they got this profit, how they did this, how they were able to use $2 to make $20,000 in 48 hours but never will they share their sad story or they go about with their losses. I won't advise a newbie to watch those kind of video because it tend to put some kind of an unnecessary pressure on them and before you know it they'll forget that trading is not something you rush but something you handle gradually.

Btw, for now I'll say trading is a little profitable for me although not to the extent that I'll be able to purchase a car or a house with my profit, but it's still okay as I'm able to cover my basic needs with my profit and with time I believe it will be better than the current situation.

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.