Topic: As a trader never settle for less (Read 565 times)

Making more money is the thinking and feeling of every person in the crypto world, whether as a trader or as a Hodler. The process by which this is achievable is being optimistic to your goals and always looking for possible solutions to make you better in that path to achieve what you want. Also, in this case, the more money you’re willing to risk into an investment, the higher your possible returns when it goes in your favour and that is why rich traders tends to become more richer daily and the low class or poor people get poorer because of their unwillingness to take risk due to their lack of funds or trust in the process of what they wish to risk for. Analysis of the market is one step and taking that bold risk to trade big is another step of becoming a profitable trader.

What traders need is for them to understand their respective positions and conditions. Sometimes, a word of motivation for a rich trader is not quite suitable for beginners with limited capital. Rich people have money and are usually high-risk takers, therefore usually they will try optimally to achieve their business targets, to optimize all existing opportunities to get big profits. And they have the capital and money to support trading activities, with several tools and assistance.

But it will definitely be different from our condition or that of some beginners. Where sometimes we only have very limited capital and also conditions that don't allow us to just be brave and not afraid. What we need is to be truly prepared before jumping into trading. We must be truly prepared with our skills in trading, including insight and knowledge, how to analyze certain markets and coins, how to manage money so that it remains in a healthy financial realm, and be able to manage our emotions so that they remain under control and do not panic in all conditions. Markets whose exact conditions will change.

I think we should first know the difference between trading and investment, if an investor is so determined not to settle for less, it could be better as the risk is lesser than that of trading. But for traders, if they are pushing themselves too much, it could be an issue. This is often caused by greed and overconfidence in some cases but traders will think that they are in the right state of mind but they might not be. This is unless they had the plan from the beginning, of which their trading system must be adequate to back the goal up before they can achieve that.

I love money too, and I believe everyone loves it, but being patient in making it when it comes to trading is the best I know. We might set a target of the money we want, but in trading, that target must not be speedily achieved, this will only cause the trader to rush and the result can never be nice since a lot of mistakes would be made in that process. If a good target is set, the trader should give it time to actualize it and this time will still depend on the experience of the trader and the amount of the capital at his disposal.

With this, the target would be made, only that it could cause delay in achieving it instead of being aggressive to achieving it which could cause unplanned losses.

The financial strength is usually the advantage the rich always have when it comes to them investing on any form of investment because basically your ROI has a great dependency on your capital as you can't be having same ROI with someone who has a greater capital invested especially when such ROI are based on percentage. Having enough to invest and some more to keep for your upkeep is a psychological boost because you aren't dependent on the investment for survival but the poor sometimes don't have that much and that's why they are not on the same psychological level as the rich because at that point the rich isn't concerned so much with upkeep but acquiring more meanwhile the poor wants to make sure they are okay before investing.

The poor may be willing to risk as much as possible because some poor people have a good risking mindset but they are challenged with limited resources same applies to their problems, you cannot blame the poor for having problems around them, it's just because the available resources to take care of the problems are limited and that's why it looks like they are always in a mess.

A person that is not trying to obtain the best possible outcome with every single trade that they make does not have the qualifications to be a trader, as that is probably one of the main characteristics that every single trader must have, however it is not enough to have that drive when making a trade, this should also be reflected in every single other trading aspect, so traders should strive to always improve their strategy, money management skills and even the control they have over their emotions.

Definitely not. Traders regardless of its status, will always want the best and reasonable trading results, because that’s certainly his goal to maximize his profits. So never trade just to prove to others that you’re good and capable about trading, but always be the most reliable and successful trader you can be.

However, there are really times in a life of a trader wherein you will get upset because of some inevitable losses but that’s part of trading, and it will certainly happen no matter how good or expert you are in trading. But never get easily discouraged and decides to quit, but always be the best version of a trader you can be, that way you can  always make you trading career successful and profitable in time.

The very main reason why one decides to learn trading and developed as a potential trader is to gain profitable income. Now, if he’s a really good one, he will make massive profits everytime he decides to trade but if he’s still learning the process, expect that he’ll lose more than gain some profits. But we all know that traders will always have an option to improve their performance and make the most of it. It’s only a matter of time and perseverance.  Traders should always trade for the best outcome, and not just settle for any less but as much as possible, be the best trader you can be and make substantial profits.

Well, average people can do the same as well but it takes a longer time, unlike rich people because of financial support. Rich people become richer because they already have enough money to start a business or money-earning opportunities that other people don't have. But this is not the case, what we just need to do is continue pursuing our goal, aiming high, and keep motivated. If other people can make it, it is not impossible to do it as well, maybe it varies on time but the opportunities are just the same. Only we need to keep pushing and moving towards our plan.

You won't get the opportunity if you can not see it. Rich people become more rich because they see the opportunity and use it to make money. If you take away all the wealth of a successful businessman and leave him as he is an average man he will still be rich if he gets some time in his life. Rich people have different mindsets and point of view about their surroundings. When some people are doing something for fun business-minded people do that same fun by at the same time they will figure out a way to make money from it.

When as much as I so much align with your gospel of continuous striving, there is a limit to which one can strive and immediately such a limit is exceeded it will be disastrous. And also anyone that is striving and pushing more should already have equipped themselves in order to withstand the pressure that accompanies the stage they want to find themselves. Relating this to traders; if what the trader knows is only the basics (trading from spot). But due to the fact that the trader doesn't want to settle for less, he begins to trade with X10 leverage when he doesn't know much or begin to trade futures, this will only lead to worse and better.

Luxurious people are ready to take more risks for a comfortable life. This is a true statement. When you don't push yourself beyond your limit, you might not see the need to earn more. Maybe I will have to try a luxurious life if I can increase my financial strength.

Well, "never settle for less" if you know how to get more. Unfortunately, the principle of getting more isn't open to everyone. If it were possible to get what one desires every time, no one would be settling for less.

That's the nature of man. He's insatiable. Basic economics tells us that. Man is built in a way that makes him keep exploring and in constant pursuit of acquisition. Man never takes a rest in the true sense of it until his demise. The "Rest In Peace" we see on obituaries amplifiers that. Man never rests.

Every human being will certainly never feel enough with what they have and will always be lacking by trying to collect as much money as possible to collect, even though they know that they have collected a lot and one day the money they collect will no longer be priceless. No one really wants themselves to be poor and not have anything, of course they want to have a lot of wealth and are willing to do any work to be able to get income that they will save so they can invest or trade to make the money they have more and continue to grow.

What you should know is human being are insatiable and they always want to be accumulating more money as possible as they could coupled with how the economy is moving, you would see someone who has some specific amount of money and after some years that money won't worth any tangible thing. People always increased their finance on a regular basis because they won't want to remain poor because when money is not planted properly after some times such person might remain poor so they always keeps working and creating new opportunity to keep their account afloat and sizeable.

It's because there's this thing called "contentment" where people aren't contented with what they have currently thus, they want to have more. This isn't only applicable in money, but in real life as well. On the other hand, having that kind of mindset is helpful for them in different ways as well.

I mean they're rich people so I believe they know how to make more money using their own money. Why settle for less if you believe that you can do more right? Rich people are becoming richer because they know what they can do to grow their money. I said that they aren't contented, but I also believe that they have this thing called "confidence". Confidence that they can make more money. They're confident that they can get more money.

Settling for less means not maximizing the opportunities in front of you. Settling for less means you aren't growing. Whether you're a trader or a holder, you should not settle for less if you believe that you can make more money. Well, at least balance it and learn to say "stop" when needed.

Rich people get richer - that's a reality, but it's not always true. Without good financial management, even rich people can fall into poverty.

Rich people usually have the same circles as their economic status which can help them maintain their wealth in the long term. Passive income, networking and partnerships are some of the many things they strive for - but of course the highlight of it all is that they are very wise in creating more sources of income.

Traders can indeed be successful and can become more successful over time - but trading is not a guarantee that you will get the same results forever because the risk of loss is also lurking around you. No one can maintain consistent profits - but if you really want to maintain wealth, then have more sources of income instead of just focusing on trading and investing.

Part of human instinct and something that do talks about being typical approach on the way we do live on. Of course we do really try out best to find those methods and ways to earn income or money.

We do see that trading could really give out that kind of opportunity on which it would really be just that right or simple that you would really be considering it to be a method
on sustain yourself once you do have a good grasps into it. When you do trade then you would be aiming for getting higher profits but of course it does sounds easy or simply but
its not something that you could really be able to do that easily which you would really be needing to work hard for it before you would be able to obtain such condition.

We would be doing our very best to achieve those goals but of course you should not make yourself that too hasty on achieving because
it would really be creating that such desperation.

Perhaps, you will never succeed if you are weak. Rich or poor, A trader must not carry fear inside but should be a risk-taker. As we want to reach our goal, then we also have to show that we are capable and strong enough to get it --that is supposed to be the mindset of a beginner. Yeah, always on pursuit of excellence and it is not impossible if we work hard, stay motivated, and of course, go straight to our goal.

This is not just for rich people but for everyone. If we have a positive mindset, achieving our target is not impossible so, we have to neglect the negative side and remain focused on our purpose.

Depends on what it is. There are some who are only easy to get while the others are hard. There are also some who doesn't need a money in order to be achieved but just pure effort and skill. For those who want to get rich, they can see trading as one of the ways to make their dreams came true. This is an example of hard ambition and many people have failed to this but it does not mean that others will now be scared of it and not try it anymore. They still can, because each people has a different capacity and luck. So, who knows right?

Or we should say that if there is a stake amount involved, there is also a risk. It's okay to not make a profit sometimes but as long as we are not losing, or we are only breakeven. Although losing is not also bad sometimes. It's only normal and might teach us some lesson.

op We all chase money more or less. To live well in our life we have to earn money so everyone tries their best to earn money through business or any employment. It doesn't matter whether it's rich or poor, those who are rich may not have to struggle as much to do business as a person from a poor family has to do business. Because when we start a business from a poor family, we must raise capital every step of the way. We have to take a lot of thought so that our business does not go bad because of our wrong decision. And poor people who lose money once through business do not have capital to invest a second time. Therefore, they cannot be so successful in business. Two of them may be those who work hard for each business and carry the business forward patiently. Constantly running after the money of all the people of the world.

You have a very valid point but some people will also think that this should have something to do with being contended with what you have. Wealthy people are always looking on how to multiply their incomes and that has given them the ability to think outside of their box or comfort zone to see how this can be achieved, they don’t always settle for less but always for more. The poor man will be looking to find a means of contentment and the rich man will be looking for a means of multiplying their wealth. The both of them are right to me, but it is what you don’t have that you’ll keep asking for or working towards but once a target is reached, the human mind will strategize again and fight for the next target which will be the next goal you’ll want to achieve and it goes in that manner continuously.