Topic: Avoid trading unless you are sure of what you do (Read 23278 times)
Trading is very risky and the knowledge is indeed required to minimize the risks, and make the biggest profits. Personally, I started my first trades with very low amounts while taking more time reading and learning the basics of crypto trading. This knowledge is helping me actually to make more successful trades.
Trading is based on finding inefficient traders on the market and playing against them. Ineffective traders are those who do not quite understand the mechanisms by which the market works. This is stupid money. They don’t know where to go, what kind of market flow they need to join. Ultimately, that kind of money becomes food for smart money. There is no need to make any movements in the market without a clear understanding of what you are doing.
It seems to me that it is very stupid to trade, if a person has neither knowledge nor understanding of what is happening on the cryptocurrency market at all. I think that there are no such people, because with the same success you can put your starting capital at stake in a casino and rely on luck. If people come to the trading, then with certain intentions not only to earn, but also to learn. 
Trading is based on finding inefficient traders on the market and playing against them. Ineffective traders are those who do not quite understand the mechanisms by which the market works. This is stupid money. They don’t know where to go, what kind of market flow they need to join. Ultimately, that kind of money becomes food for smart money. There is no need to make any movements in the market without a clear understanding of what you are doing.
Yes, I was caught by the volatility of the market.
I was greedy and invested blindly. and certainly it was my huge failure in the first trading, I lost more than 30% of my total assets.
It is very dangerous when you trade without knowledge, practice a lot before betting big!
This is the reason why I always say that being greedy in crypto is not good. Trading is full of benefits but only for those who understand the term of volatility. Green market is sold worthy and red is bought worthy but getting impatient to become successful is worst thing ever. Be confident to earn but don’t be greedy to earn faster or earlier than the fixed time. I was greedy and invested blindly. and certainly it was my huge failure in the first trading, I lost more than 30% of my total assets.
It is very dangerous when you trade without knowledge, practice a lot before betting big!
Statistically, only 3-8% of traders reach success. It happens as they make many mistakes, better say, they do pay attention to very important moments. The first step of the trader is to study the market, analyze the rate of a particular cryptocurrency. The key point of the transaction is the purchase of an asset. Some traders take risks to use bots, and they succeed, as they get less stress with it.
Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something
This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop
This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop
If you don't take your loss then trade is not for you i think. gambling, poker those things are not a very good option for earn. If you have a proper knowledge about trade then you didn't math both of trade and gambling. I can agree with you that trade is little bit addictive but it's only happen when you continuously profit which not happen regularly. And quieting is the wrong step you made and proof your self how unprofessional you are for trade.
A few years ago, and especially in 2016, traders in the cryptocurrency market earned very good money. In theory, everything looked quite simple and many tried to try their luck on cryptocurrency exchanges. But after a while, cryptocurrencies began to actively enter into everyday life and it became more difficult to trade. But those who did not gain experience or were frivolous about this activity, suffered only failure. I believe that the main reason for this is human greed, stupidity and impatience. Each of us must draw certain conclusions for ourselves.
There is such an expression in the trading "Not sure - do not trade." On the other hand, how to be a person who is always sure of what he is doing, but is constantly mistaken. Will this rule work with him?
Speaking of confidence, we should understand this as confidence in our own chosen strategy. If you are not confident in your plan as a whole, then you will constantly change your decisions on the go, which will lead to losses and a decrease in confidence in your actions. If you have chosen a strategy, follow it, then analyze and adjust.
having confidence must be had when trading, but excessive confidence is not good to do. Self-confidence that over makes people become arrogant and considers himself right, even though what is always right is the market, and we will still be students of a market. therefore there are many strategic scenarios to prepare for trading, because we don't know where prices will goSpeaking of confidence, we should understand this as confidence in our own chosen strategy. If you are not confident in your plan as a whole, then you will constantly change your decisions on the go, which will lead to losses and a decrease in confidence in your actions. If you have chosen a strategy, follow it, then analyze and adjust.
with every adjustment and able to adopt what will the market has to offers, your competitiveness can be enough to work with enhancing yourself and the
possibilities to keep moving upwards to your skills.
Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something
This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop
This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop
Always sorry to hear about bad experiences trading crypto. Indeed, the temptation to start trading before actually knowing what you are doing was huge back in the day, when it seemed easy to make a quick buck.
These days, amateur traders have little chances of success if trading manually. Algorithms deployed by big firms are hard to beat. We understood this back in 2017 and started building trading tools to help traders automate their work... Take a look at the Superalgos Desktop App, an open-source app that runs in your machine (trustless deployment) and allows to fully automate complete trading systems building strategies without coding...
Beyond being sure we require a legit experience in trading and very clear with our goal assuring the capability of analyzing the crypto trend with comparison along with choosing the wallet and saving transaction fees that delivers a legit trade with profits and many traders get engaged with the anxiety and sale immediately when they observe a price drop so always better to have a consistency which abide us to reach the goal, at times it is also based on Long term activity.
Yes, I was caught by the volatility of the market.
I was greedy and invested blindly. and certainly it was my huge failure in the first trading, I lost more than 30% of my total assets.
It is very dangerous when you trade without knowledge, practice a lot before betting big!
I was greedy and invested blindly. and certainly it was my huge failure in the first trading, I lost more than 30% of my total assets.
It is very dangerous when you trade without knowledge, practice a lot before betting big!
There is such an expression in the trading "Not sure - do not trade." On the other hand, how to be a person who is always sure of what he is doing, but is constantly mistaken. Will this rule work with him?
Speaking of confidence, we should understand this as confidence in our own chosen strategy. If you are not confident in your plan as a whole, then you will constantly change your decisions on the go, which will lead to losses and a decrease in confidence in your actions. If you have chosen a strategy, follow it, then analyze and adjust.
Speaking of confidence, we should understand this as confidence in our own chosen strategy. If you are not confident in your plan as a whole, then you will constantly change your decisions on the go, which will lead to losses and a decrease in confidence in your actions. If you have chosen a strategy, follow it, then analyze and adjust.
Most people are just on the idea of buying low and selling high but the issue with that mindset is the analysis phase which people totally ignore and let fate decide Personally I think analysis is the first thing every trader needs to learn and then others things and fate might play along
Experts does not rely on their luck or fate, they always aim for a strategy that could deliver consistency because that is the requirement to be a profitable trader. This is a risky venture, we should be confident with what we are doing, we can't just buy and then hope the price will rise, it's wrong, we should always look for the opportunity to buy or sell so we can always pull the trigger at the right timing, in trading, timing is everything and you can't effectively do that if you don't have a good strategy.
Most people are just on the idea of buying low and selling high but the issue with that mindset is the analysis phase which people totally ignore and let fate decide Personally I think analysis is the first thing every trader needs to learn and then others things and fate might play along
I agree with that trading is just like gambling if your not ready to lose you should not do that. It is very risk if you decide to put on your money to a altcoin or either bitcoin you should learned how to hodl to it when it comes to loss be patience on it and wait for the time that you coin you hodl will get up the price until you have the profit.
Trading too a kind of gambling, but if the user has some basic understanding he can withstand or he can decrease the loss. With gambling this will not apply. The result gets reflected immediately, it can be of loss or winning. With gambling the addiction is very dangerous, while trading is not that risky if we've made the investment over the right asset.
I agree with that trading is just like gambling if your not ready to lose you should not do that. It is very risk if you decide to put on your money to a altcoin or either bitcoin you should learned how to hodl to it when it comes to loss be patience on it and wait for the time that you coin you hodl will get up the price until you have the profit.
Trading too a kind of gambling, but if the user has some basic understanding he can withstand or he can decrease the loss. With gambling this will not apply. The result gets reflected immediately, it can be of loss or winning. With gambling the addiction is very dangerous, while trading is not that risky if we've made the investment over the right asset.
i don't think some people can deal with it. it is imminent to imply that most times, we don't know when we rush to our screens especially when we see the green movement. it is not easy fighting the FOMO. IT is getting too much.
If a person does not understand what he is doing at all, then he needs to completely refuse to trade. The fact is that today the cryptocurrency market has even greater risks and each cryptocurrency user risks staying with big losses.
Of course, we should not trade unless we understand what we are doing. This always leads to losses sooner or later. This is just a theory of probability. The probability that you will steadily increase your trading capital, provided that you do not understand what you are doing is very small.
Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something
This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop
This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop
Always remember that in trading there is risk most of the time and you must aware of this things.
If you don't want to lose in trading better not for you to try to trading in every exchange site platform.
Because as a player you will always do at your own risk.
Beginners, as a rule, want to try everything at once, experiment with many ways of trading cryptocurrency. If you decide to hodl, the basic rule is to believe in the chosen asset. In other words, traders will have to purchase one or another asset, and after that, wait for years to grow, only then sell it.
If you decide to trade daily, you should monitor the market several times a day to understand its movements.
Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something
This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop
This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop
Always remember that in trading there is risk most of the time and you must aware of this things.
If you don't want to lose in trading better not for you to try to trading in every exchange site platform.
Because as a player you will always do at your own risk.
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