Avoid trading unless you are sure of what you do - page 7.

seramania

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Quote from: Coinifyx on November 07, 2018, 07:13:57 AM

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

I think trading is almost similar to gambling, but trading has its own analysis and prediction of what we trade. so there's nothing scary to live, how do we deal with the trade,

michellee

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Quote from: richcorner100 on March 02, 2019, 10:07:17 PM

But there are alot of people also reached financial freedom and changed their life from trading. In all kind of different business the result only 2 , that is failed and successfully, that depending on the risk management and personal our emotional.

I am sure that they can do that especially if they have skills in trading. But unfortunately, not all of us have the same skills so we can make a profit. We need to learn more about trading if we want always to make the profit which will be difficult at this moment. You need to have more than skills to determine which coins can increase in the next hours. If you can learn from many website and practice, I am sure that you will be able to make those profit like other people.

richcorner100

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But there are alot of people also reached financial freedom and changed their life from trading. In all kind of different business the result only 2 , that is failed and successfully, that depending on the risk management and personal our emotional.

jhonjhon

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Quote from: panjay on March 02, 2019, 07:12:21 PM

Even if I'm sure about what I do, sometimes I still feel stupid, because of negative profit. That was because of FOMO mainly, I know I'm gonna get rekt but I still trying that thing.

Well at the end of the days, proper risk management was a good way to minimize the damaged.

There is no gains if we don't risk any. We came into trading just because we are ready to take the risk manage our funds but it sometimes we fail cause luck of knowledge and market analysis. If we can't manage those losses to be recovered, it probably will losing everything we have. Better to stop and find another ways to be profitable.

panjay

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Even if I'm sure about what I do, sometimes I still feel stupid, because of negative profit. That was because of FOMO mainly, I know I'm gonna get rekt but I still trying that thing.

Well at the end of the days, proper risk management was a good way to minimize the damaged.

oceantiger

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There is no other truth than this post. Trading is not gambling. Trading is an act that must be learned with time and money. You have to understand what you are doing if not please do not trade or you can trade with paper money till when your confidence is strong then you can go live.

playboy654

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Quote from: Coinifyx on November 07, 2018, 07:13:57 AM

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

my general opinion is if you want to be a traders you need to be trained and talented but most of the people start big investment without any experience it leads to a huge loss especially in this situation where you can invest your money I need to be more careful otherwise it will go down only.

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Quote from: jhongzjhong on March 02, 2019, 01:06:46 PM

Quote from: Tungsten-1 on March 02, 2019, 12:49:10 PM

Having awareness and following rules is one of the best tool for making profit in trading as well as in gambling but if you think of making only trading income better think before taking any step ahead, trading is about knowledge and information, if you will have good information I am sure you will get safe profit without any risk otherwise it is like jumping in river even you don’t know how to swim.

Yes, trading is just like a sort of gambling that you need to get knowledge also it depends on your luck on how market flows price. Gathering information is not just enough on trading or even how knowledgeable you are if you don't have a good timing in trading you end up nothing. Good timing and skills are the best combination of trading that we must apply on but hard to execute. Cheesy

Keep in mind that the market moves many times responding to the emotions of people, knowledge helps identify when and at what time operators of this style enter, if you understand the market, your losses stop, do not believe in what what other people say, but you will give the word that everything obeyed the offer and demand.

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Quote from: Tungsten-1 on March 02, 2019, 12:49:10 PM

Having awareness and following rules is one of the best tool for making profit in trading as well as in gambling but if you think of making only trading income better think before taking any step ahead, trading is about knowledge and information, if you will have good information I am sure you will get safe profit without any risk otherwise it is like jumping in river even you don’t know how to swim.

Yes, trading is just like a sort of gambling that you need to get knowledge also it depends on your luck on how market flows price. Gathering information is not just enough on trading or even how knowledgeable you are if you don't have a good timing in trading you end up nothing. Good timing and skills are the best combination of trading that we must apply on but hard to execute. Cheesy

Tungsten-1

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Quote from: iMark on February 28, 2019, 08:45:58 PM

Quote from: zhekinsp on February 26, 2019, 01:31:12 AM

Avoid trading when you are not in need of money in short term,but you can learn the trading when you not have knowledge about it but you need to face any risks happening from trading like loss in money,time need and hard work.

Lol that's a silly thought, we trade to get rich, not to cover the need, if you play trading only when you need money. it is nothing but a
game. I think trading is something that is risky and you need skills to be able to profit in it

Having awareness and following rules is one of the best tool for making profit in trading as well as in gambling but if you think of making only trading income better think before taking any step ahead, trading is about knowledge and information, if you will have good information I am sure you will get safe profit without any risk otherwise it is like jumping in river even you don’t know how to swim.

Babyrica0226

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Quote from: Coinifyx on November 07, 2018, 07:13:57 AM

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

Yes I agreed, this is totally true and correct. But sometimes or most often for the greed person who came here in crypto trading especially for the newbie they made trade instantly even without an idea or knowledge yet because of the greediness they have to their mind, which lead them most of the time into loss of their coins in the market.

perla

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Quote from: iMark on February 28, 2019, 08:45:58 PM

Quote from: zhekinsp on February 26, 2019, 01:31:12 AM

Avoid trading when you are not in need of money in short term,but you can learn the trading when you not have knowledge about it but you need to face any risks happening from trading like loss in money,time need and hard work.

Lol that's a silly thought, we trade to get rich, not to cover the need, if you play trading only when you need money. it is nothing but a
game. I think trading is something that is risky and you need skills to be able to profit in it

I think what he means is trading is not really suitable to people who only want to earn money in short time, or maybe who think trading is easiest money in a short ways. Because like what you both already said, it need skills and risk can always come.

Aivaryamal

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I agree with the author of threads that have something similar with gaming, but here, thanks to the patience and discipline to consistently earn!

iMark

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Quote from: zhekinsp on February 26, 2019, 01:31:12 AM

Avoid trading when you are not in need of money in short term,but you can learn the trading when you not have knowledge about it but you need to face any risks happening from trading like loss in money,time need and hard work.

Lol that's a silly thought, we trade to get rich, not to cover the need, if you play trading only when you need money. it is nothing but a
game. I think trading is something that is risky and you need skills to be able to profit in it

sweetbet

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Investing is so much safer than trading, but sometimes opportunity presents itself and a coin drops well below support levels, so it's very difficult to resist such a potentially profitable trading opportunity.

Dilladupak

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I think, I will continue to trade now, because now we can also make good profits every day, seeing the prices of bitcoin and ethereum are now starting to recover, so now I will not stop making money with us trading.

nydiacaskey01

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Even if you are sure of what you are doing, if the market is not on your side, you cant do anything about it. You may have the tools and knowledge in reading those candles and graphs if there's a group of whales who wants to bring down the price or a negative news that will have an impact to the price, we cant do anything about it. Just trade what you can afford to lose just like gambling.

Finestream

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Quote from: whirlcoin on February 26, 2019, 03:50:31 PM

Quote from: Coinifyx on November 07, 2018, 07:13:57 AM

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

in sometimes we don't have a clarity about what we are doing in this field because the confidence level will reducing little by little while you don't have an interest about trading at that time we need to stay at this point and make some ideas and experience then moving on will give the more ideas about trading and how to do it it will be the right way to move on at this situation.

Trading is very risky so before we make such trading,we should be more knowledgeable and even experienced trader so that we will come up not just losses but also maximal profits.Our bad experiences in trading might not be a reason to give up but rather a good motivation to be a good trader after long years of experience.

StephenJH

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No more Rekt and Bust

Quote from: whirlcoin on February 26, 2019, 03:50:31 PM

Quote from: Coinifyx on November 07, 2018, 07:13:57 AM

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

in sometimes we don't have a clarity about what we are doing in this field because the confidence level will reducing little by little while you don't have an interest about trading at that time we need to stay at this point and make some ideas and experience then moving on will give the more ideas about trading and how to do it it will be the right way to move on at this situation.

This happens for a perfect reason! Investor confidence is down after all-time high levels during 2017-2018 and now they worry to enter again in cryptocurrencies. I expect bull run will recover investor confidence level and we will take advantage as an early bird in this industry.

ausbit

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Quote from: zhekinsp on February 26, 2019, 01:31:12 AM

Avoid trading when you are not in need of money in short term,but you can learn the trading when you not have knowledge about it but you need to face any risks happening from trading like loss in money,time need and hard work.

This is a good advice. I will give you example of Winklevoss Twins of America. These guys invested in Bitcoin when it was $120 in the market and they invested $11million which was a whooping amount back then. The mark of 19000 dollars by Bitcoin in 2017 made them the earliest Bitcoin billionaires and they still hold a huge portion a Bitcoin. SO yes do not trade when you do not need the money. Do only when you are making big.

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