Topic: Before You Go All In (Read 568 times)

Any who is in debt, unemployed, and out of cash cannot comfortably go into trading full time. In the first instance, your debtors will be calling you. If you are unemployed, you will look more into looking for a job to sustain you. If you are out of cash, your first need will be to survive. So psychologically you are already defeated even before you go into the market.
There's too much pressure that comes with being a trader. Like it may even take you about 6 - 12 months before you start seeing any tangible progress or even making profit.
Go in with a strategy so that you will not be swallowed up by the market.

It is true. You can have 50% loss from $1000 and your capital drops to $500 but from $500, you can not gain $1000 back with 50% rise. A more difficult task if you have like -70% or -90% from your initial capital.

When they get a big loss, their adrenaline rises which is kind of stimulation and forces them to chase for more losses. They are not aware that when they chase losses like this, they are more likely gamblers and no longer are traders. With bad mood after bad lost streak, they will more easily to make bad decisions which don't bring better trading results for them to cover their previous loses.

In short, you will not gonna get back all your losses in just 1 trade.
A lot of traders are upset because of a lot of losses and they intend to go all in just to get back those losses in a short period of time. It's like they are gambling.
They must not treat trading cryptocurrency like gambling because I believe with proper education you can be a profitable trader.

The economic hardship has taught a valuable lesson to those who felt trading alone is the solution to their money problems. To get rich they say, one must be focused and be at alert all time so as to buy the dip.
We all know it doesn't quite turn out like this and if care is not taken, ones life might see a concurrent end financial and physically.
Besides just trading, HODLing and stacking Sats' come up as some good investment strategies that could guarantee one has enough to trade with after a duration, should the interest to trade still persist.
It is to note however that only those who have alternative sources of income can adhere to the strategy of stacking Sats' or HODLing.  
For those who just trade, keeping an alternative source of income might be less profitable, as it might cause much stress to the mind and body which might in turn hamper productivity further and lead to frustration of effort and time.
It always best to be guided in best approach for maximum benefit.

There's always a borderline and this is something that you should really be needing to see when you are already doing your best but it wasnt still enough and also it had been that too severe on losing money.
It wont really be bad on seeking up some help or advice if we do speak about your errors and mistakes.The only issue on here is that there are people who are really that having the ego that they could solve
out things on their own which it isnt bad either but if things turns out to be more worst then you would definitely be having second thoughts that trading isnt really for you.
You should be sensible on what of your actions because this would be a main reason that might worsen up the situation if you dont go to other options.

Trading can be risky and is not for everyone. Those who frequently fail to win despite their best efforts may need to reconsider their approach or seek outside advice. Some traders may find that swing trading, which entails maintaining positions for a few days to weeks, is a preferable strategy. No matter the trading approach, it's critical to have reasonable expectations, follow risk management guidelines, and be willing to absorb losses.

That's why you should be able to budget a certain amount of money for trading so that it won't interfere with allocating funds elsewhere. That way, you won't be distracted and can focus on trading to make a profit. And if you can continue to learn more about trading, you will have more knowledge than people so your chances of making a profit will be greater.

But indeed, in trading, we will not always be able to get profits because it will depend on our skills and analytical skills and how the market situation moves. If we can analyze it well, we can enter the market at the right time and do something related to the market.

However, the problem these days is that beginner traders are more obsessed with profits than prior knowledge in trading, that’s why they fail to make it big in trading. They tend to believe that trading will make them rich instantly which is very wrong, because the reality is it can even put them into lifetime suffering if they become careless and ignorant traders.

Bro, I'm totally on board with ya about the whole "secure a steady dough flow" before diving into the shark-infested waters of trading. Nobody wants to go from high-flyer to street dweller, am I right? Bummer city, dude! But for reals, trading's like a cutthroat, roller-coaster ride of a market—not some magical money-making machine. So, before you throw your hard-earned greenbacks into the fray, make sure you're standing on a financial rock of Gibraltar.

A little tip I've picked up from my historical adventures: squirrel away a slice of your moolah each month for trading. Could be a Ben Franklin or a cool grand—the point is to start small and watch your financial empire grow. This way, you'll be on a steady learning curve, dodging any wallet-emptying blunders. Hey, who knows? You might morph into the next Wolf of Wall Street or Warren "Moneybags" Buffett! Until then, keep grinding and expanding that noggin. Remember, trading's a voyage, not a pit stop.

Aside from research, a consistent source of income is essential so that one can maintain emotional control and hold their coins for an extended period of time while profiting more from the investment.
Lack of stable income will ruin your emotions, causing you to sell your crypto or Bitcoin even if it is losing money, as the OP has explained.

The idea of going all in trading is really good wherein you will just be dependent on trading just for you to live but it is a tough way to become successful. If your only earned income comes from trading, you will not have any safety net that you can use in order to pay your bills, to buy your foods, to pay your expenses and many more. I really suggest that if you are a trader, make sure you have a lot of sources of income because there are no guarantee that you can make profit in trading. It is a probability game where there is always uncertainty in the market, what if you lose consecutively in trading? how can you pay your expenses, bills and buy foods? Always imagine the worst scenario in order for you to always be prepared.

For those beginner traders out there, build your confidence and skills slowly and steadily. Do not let other traders and people annoyed you. If you make it to the TOP, you should keep it. Actually, if you already gained a lot of experiences. You will find out that trading is not just about analysis, it is about psychology especially on how you think. Focus on your psychology that your technical skills then you will find a good luck and new performance in trading. 

Having additional income apart from your trading income will ease the pressure on any trader as you won't be under pressure to make profits that you'll use for your needs. When trading, a trader doesn't need pressure on her sides or it could make her make mistakes with her judgements of the market. Going all in could be dangerous as you have no back up.

Cryptocurrency trading can't be relied on only because the market is been heavily influenced by whales as they can pump or dump the market with spreading negative or positive news as they wish. As a trader you should have a backup source of income like a main job.

Personally, I think that trading can be the main job, but you need additional income - maintaining your own blog, selling training courses, advertising related products. If you take trading seriously and not as a means of entertainment, then it should become your main income.

I absolutely agree with you, it is perilous to consider trading as a full time job especially when you're not capable to do this. In fact, having a large capital does not guarantee a profit and without doing some  researches at the beginning, understanding the basics of the field  and being able to manage the risk and control your emotions,  then it would be idiotic to start trading and like this way you will definitely  make wrong decisions and  lose what you have in a short period.

In addition to that, it is better to have stable main job + more sources of funds such as, owning a small business related to E-commerce or doing some freelance jobs  and  try to save extra money for crypto trading, I know it's tough to manage of all these tasks but as long as you have the ability to schedule your time and be responsible, the result will be fruitful.

Yep. Trading shouldn't be the main job, it is more appropriate as a side job. So, it is better to have a job in real life before starting to trade. Make sure that the real life job can give us enough money for monthly income. This is important to make us never depend on trading for monthly income.

There are many things to learn before starting trading. It is not only about learning charts, we must also learn the fundamental factors and make sure to have good self-control during trading. These 2 things are important, they have big roles to determine the success in trading.

It is important that a person can focus on learning about trading before he starts trading because most people don't do it and just follow the lead of others. While he was still not very savvy about trading, he simply followed what was advised to buy the particular coin that allowed him to make his first loss. This is not recommended for beginners as they will never learn about trading and will only rely on advice from others. And he also has to learn to have good emotional control so he doesn't get panicked buying or selling when the market changes direction.

I believe going all in may be somehow motivated by greed, so it’s never advisable especially for beginners. However, if we also stay at our comfort zone without taking any risk, that’s a lot more devastating. But I guess going all in is not that bad as long as you have established your finances and your emotions too, so that whatever is the outcome you will never be completely affected by it.

As long as there is money involved whether it’s big or small, then you still have to prepare for it, financially, mentally and most particularly your emotional stability. And by getting a stable job first before you decide to trade, that will reduce the stress and pressure if ever you end up failing your trades. Though trading is more on losses than gains especially for beginners, but you can always make the best of your trades as long as you’re good and skilled enough, even by not going all in.

crypto here you can gain and also lose so you should enter here knowingly, you won't regret after taking loss but you should better research crypto and invest here knowingly. I believe if you invest in BTC you will profit one day or the other

Finding the best approach will take a lengthy period of time because what works for trader A, will not work for trader B. Everyone has an alternative to choose the kind of trade to enter and probably with implemented strategy. Doing something on your own is a matter of determination and discipline. With these factors, accomplishing your goals in the crypto market wouldn't be difficult. Reading without practicing is definitely not the best way to entrapped enormous profits from the market. Trader should make emphasis on what analysis he wants to input on the market, and triggered it to action, because that's the only way a trader will improved in trades.

What wonderful insights you just put out. I completely agree with your advice.

It's important to have a reliable source of income before starting your trading journey.

Trading can be a very emotional and stressful experience, especially when you're just starting out, and having a steady income can help alleviate some of the pressure and allow you to focus on learning and developing your skills.

Additionally, having a balanced approach to trading can help you avoid making impulsive decisions and allow you to stay focused on your long-term goals.

 Thank you for sharing your valuable insights.

I believed that the longer these people lurks in trading, they will at least know what's always the best approach.

There's no successful trader that went in a smooth process. They did several mistakes on the way and that's the reason why they able to build a good foundation on where they are today. Let these traders realized on the way what's the best thing to do on their own.

Sometimes even they read advices and suggestions, they will never understand that clearly as they don't experienced it on actual yet.

We all know trading is really hard, that’s why we can’t expect to maximize our gains instantly. The reality is, it takes a lot of hardship and losses in trading before we can finally say that we’re totally good in trading. And since trading requires good market analysis and working strategies to make it work, some traders end up losing that made them quit in the end.

And before you go all in, you have to start trading first at a good and minimal amount and accept the fact that at some point you have to lose so you can gain after. And while trading is known as a good source of profits, but it won’t happen instantly. You have to learn and master it the hard way, even if it means consistent losses at first, so you will be profitable the rest of your trading experience.

It's definitely not a good practice to trade with borrowed money, and to open a company and collect investments for that purpose is a very foolish thing to do it can cause you a lot of damage, will make you questionable by the law as well if things don't go the way you are planning them to go and if your company fails, you will be answerable to a lot of people along with the law enforcement authorities.

Even if you are an individual and want to trade but don't have capital, it is just better to try to do a job, save up money, and then use that for trading instead of borrowing money from someone for your trading activities as that can get you in trouble.

I think that it is very important that you make a way to get steady income. Crypto world is uncertain. One day you are making profits, the next day you could lose all of it. So always keep a backup. Crypto trading should always be the second choice.
And what I always try to follow is, don't throw away one thing just because you are getting better pay on the other. If it's possible, then keep both. Never left anything that provide you income, even if it's low.
When you become pro at trading, then you can leave or keep your other work as secondary choice and trading as the primary one. Because even the pros make losses. So it is still uncertain and risky. Now the choice is yours.

Yes, that's why many people never go back to trading once they experience losses. Most of new people in trading always hope that trading in crypto migjt help them to be rich or to be able to have more money than what they already having. People need to be informed that not all people who started trading will have big roi after small span of time, sometimes we even loss more if unexpected things happen.

Before starting to trade make sure that there is still left for the personal expenses as well some savings as trading will not guaranteed success or profit. It takes time to earn and even traders with knowledge on how to trade sometimes losses depending on market situations so it's not advisable to put all our money in trading, it should be diversify and secured the living expenses and savings some also includes insurances and pay bills first before they start trading some money left. It will be a matter of budgeting.

Actually people are involving in crypto trading and investment because they hardly found jobs and those person who already have jobs participate in cryptocurrency because their salaries are not such higher to accommodate the uses of life.

The point which you describe that try to find job before involvement in trading is good point because trading is risky and you will have no surety about the success rate of your money but for enhancement of money you can invest your money in Bitcoin or other stable coin instead of trading.

Trading is good option for getting good sum of money but an employ if get huge money in trading then he loss interest in doing job. He just become a part of trading so this situation seems more risky as compared to having a job.

There is nothing wrong with Bitcoin but Bitcoin is unstable and then so many factors can affect its price negatively. The future of BTC is unpredictable, this makes it risky to go all in but there are people who take the challenge. They are not a good example of course so don't ever attempt to follow what they did as you may not be lucky as them and you will end up living in the streets and ask the people passing by for penny or food.

Altcoins are different from BTC and they are more riskier. By the way, the OP is talking about trading, not investing but either of these two, its always a must to have a reliable source of income first before engaging on them.

Trading using the All-In method is not recommended, even if you are a professional trader. It's best to trade using funds not used for other things because if something happens to your trade, it won't affect anything else.

You should also learn more about trading to analyse the market, determine when to enter and exit the market, how much money you use each time to trade, and so on. If you can prepare everything before starting trading, you will not experience bad things during trading. You can anticipate market conditions that are always changing by using different strategies so that you can adapt to market changes.

You should really be that prepared which it is really the right thing that you should do because if not then you would really be finding yourself to be put up on lots of mistakes and losses.
Somehow it is really that inevitable on facing up these challenges because its been an inevitable thing for someone to experience specially when they are just starting on.
Going all in is never been that a good behavior for someone to have. Always take up the common method and ways which  you should take it slow and
dont rush in because this is where usually people do commit out errors and lots of mistakes.

Just imagine that you are going to war. Are you going to fight the enemy without any weapons, just your punches? No right? That is why being prepared is always the best; learn and backtest your strategy a few years ago so that you are sure that you have a higher chance of winning a trade, and also because the journey on this is difficult. That is why you should be mentally prepared and continue learning. Trading is hard at first, but later on you'll get through it.

I always consider trading to be always a side hustle, the risk is just too huge for someone that isn't skilled and not really having the knowledge in the field.
having main income is always essential prominently for someone that doesn't have too much saving in their arsenal. i'd say having steady income could save a ton, just always consider all the possibilities like having crisis in the middle of your investment journey could be truly harmful towards your investment because often times the loss in value could be massive.
meanwhile if you have steady income you could just ignore your investment for a while and then get back to it once there's good news, your investment still intact, meanwhile you could still move on with your life, in which definitely a good thing.

If you want to succeed in trading, you have to enter it well-prepared emotionally, physically, and financially. Being unprepared will only cause you trouble in the middle of your journey and all your efforts might just end up being wasted.
It is necessary that we have enough funds to start up so we could face the actual trading ready or else, it might affect our budget in case we have losses. Saving enough would be a wise move to start trading.

^Definitely right which I agree with you most.
We should have a solid understanding of trading principles and strategies before putting our hard-earned money at risk. While having a steady income can provide a stable source of income and it is still important to approach trading with a mindset of managing risk and preserving capital. Trading without knowledge and skills is like gambling, and that approach is unlikely to lead to long-term profitability. So, it's wise to invest time in learning the knowledge of trading, build up your skills, and then start trading with a small percentage of your income that you can afford to lose. Because for me, trading is not meant for everyone, not all will win and not all will lose.

If you have no secured funds, then never dare to trade. That is the reason why emotional stability is hard to obtain because you keep on worrying on the future losses that you might gain knowing the money you used to trade is not your spare money. Yes, trading will make a person become financially stable but that won’t happen easily even if you go all in. The more you trade unprepared, the higher the chances that you will often lose in trading because you decide to trade even when your finances and emotions are not yet ready.

In the other words, start trading when you can afford to lose your money in any amount.
But also, when you know that you are ready enough for this like we say " if you have knowledge in trading". Because many people had missed the point of having the importance of knowledge and skills, they'll think that if they have capital, they can start trading already. Of course, yes, but as we are talking about profitable trading, then we must do it otherwise, we just fail and lose our capital.

That is very true, if we rely on trading only then during the bear market we would live a very poor life. I have a friend who does trading in millions, but he also saved aside millions of his regular life. He is not a frugal person but he doesn't live like he is rich neither, he lives a normal life that is ordinary but not poor, just like middle class would.

That is how he saves his money aside, and by calculations it is possible that he would not spend a million dollars until he dies when you consider where we live, and that is why he can spend the rest on trading, and rely on that income sometimes, because even if he loses, he still have that money he put aside.

They think their knowledge is already enough to start trading and make money but if they found out that they are only losing, I think they will also stop and go back on the learning process again even though losing is also a part of learning. If there are excited people, they won't bother learning even the basics but they will jump in immediately in doing live trades.

This is the one that is wrong and not the first that I said earlier. They might be bold to you but I am not really impressed with it. Before we start trading, we must have income flow or sources of money because we may not earn in our earlier tries and even we master it, there are still times that it's hard to make a profit in trading.

True, we can't rely on just trading, because I prefer to make it as additional income from my job. That way we are not burdened to always have to benefit from trading. Because if we rely on this as our only source of income, it will make us unable to control our ambitions. Meanwhile, in trading, trading with big ambitions can destroy us. Maybe for a professional trader it won't be a big problem, because they already understand the ins and outs of the market. But for novice traders it will be a risk that is 2 times bigger, besides they don't know everything about trading, they will also get carried away without the experience they have.

Before making trading as full time, make it part-time first. Don’t use trading as your only source of income, rather use trading to earn some extra income. Trading isn’t easy and guaranteed money, so if you have a family to care of, then you should find a steady job at first. Then with the earnings, invest a small portion of it in trading. If your luck and skills favours you and you make big money in trading, then only take trading seriously and invest big. As OP have mentioned more crucial points, those are truly needs to be followed when someone starting his trading journey. Don’t just trade blindly without any prior knowledge.

Before you go all in stop and think about it for a second. Many times I didn't take that second for thinking and I recklessly throw some money (small or big amount). I agree with OP, we usually try to make some quick profit, but all-in is a desperate move and will end up badly in most cases.


And we really have a very competitive market and very high volatility, and it is not easy for everyone to find a balance and be profitable... in the short or long run! It's risky, but if we don't dare to try and take some risks we can't know the outcome. I guess nobody has a 100% win rate, we all make mistakes and bad moves, and we need to learn from them and it is how we grow and get better in whatever we are doing.

It is always recommended that we should diversify our sources of income so that we are not completely dependent on trading as our sole source of income because it may not be going the way we may be thinking because trading have bad days because it Volatility, we can profits as same time we can lose because we are just doing predictions.so that If something were to happen to the trading industry, you would not be adversely affected much.

And keep in mind that even if you earning money from various sources, you should only trade with money you can afford to lose.Despite the fact that you may  have a different sources of income, you should never trade with money that you cannot afford to lose in order to make enormous gains. Because of how strongly this reminds me of one of my friends, who always using huge amount of money to trade in other he can be making big big profits always but at last that really affected him because it loses much in trading because it uses much money it was making in others sources to trade, infact  he even toke loans.

I almost did this back when I saw that I'm profitable into trading a few years ago. It also come to a point where the profit that I'm gaining in trading is way more than my monthly salary on my current job at that time. I've been consistent in trading at that time, and I don't get much losses, and most of the time I'm winning. I'm trading futures at that time BTW.

They suddenly, Bitcoin went down massively, and I entered in a wrong position. To cut the story short, I got liquidated at that time, but the good thing is that, I already withdrew most of my profits at that time, so I only lost a little, but that liquidation that I got served as a lesson for me. It says that whenever you are winning consecutive times, there will still be a time where you will get liquidated because of entering at a wrong position. I didn't put a stop loss at that time which is my mistake too because I didn't expect for Bitcoin to go down massively at that time.

Overall, you can still do your job, but at the same time, trade. You aren't looking at the charts 24/7, and having multiple sources of income is always a good thing. Don't quit to your current job and focus on trading, because you will not know when you will lose your capital because of wrong entries. Like OP said, get a reliable and stable source of income, and then try to do trading, and after that, do it both at the same time.

Becoming an expert in trading does not only required you studying the chart flow alone, you have to put many things i to consideration, you will beed to speculate on the price occassionally, invest your quality time in physical and mental efforts, you need to take risk investing your money, of course you have more probability of making it through than loosing it, take consultation on many track records on bitcoin price and make comparisons.

I disagree.

I mean having another source of income doesn't mean that you're going to have a lovely experience in trading, it will only help you to lessen the problem you're going to experience financially especially if you're a newbie who lost a lot of money in the process. Being financially stable has an advantage and disadvantage for me, (1) you're gonna be too comfortable about your losses, (2) you will not grow since all you think about is that you have a lot of money to spend even though you're not getting any profits.

This is exactly my thought. How do people even think one can trade without emotion? It's not possible at all to do away with emotion while trading. Anything that involves money can not be totally separated from emotion due to human nature of allergy to lose and failure. Risk and financial management should therefore be the priority of concentration when one try to venture into trading as far as I am concerned.
I have heard of local successful traders going unconscious for days after making a hefty gaffe during trading. So I must still reiterate that emotion can not be separated from trading or anything as long as the person is conscious and money is involved.

I do advice people to get something doing before they start trading, trading shouldn't be taken as their main source of income, some newbies always end up quitting their jobs maybe because the money the are making from trading is more than what they are making from the Job the are doing, so they will decide to leave their job. In the last bull run, some people decide to quit their job because of trading, thinking they are already professional traders, until bear market started and they have been regretting, some haven't been able to get a good paying job like the one they left and they are regretting now. Everyone can be making money during bull run but few people will be making money during bear market.

Some people say that you have to trade with no emotions. I thought it's possible to do that when money is involved you can do it like nothing happens. Well, that's not true anymore. It is impossible not to have emotions when you trade, especially if you are new to trading. You need to build up your self discipline as well as your mind. Consistent winning trades are very helpful for your emotions, and vice versa if consistent losing trades. Those professional and profitable traders, they are still nervous but the only difference between them and us is that they know how to handle their emotions, they know how to execute trades without their emotions making decisions. It's true that it's hard to trade when you're stressed, but reading books that have been tested by profitable traders like "Atomic Habits" and "Trading In The Zone" will help you a lot.

It isn't "guaranteed" but at the same time it is a pretty simple way of making sure nothing you buy could end up crashing by itself and making you poor. I am not saying the whole market can't crash, that happened a few times already and that could make it harder for you and that's true, and unfortunate event as well. But that doesn't change the fact that you can't end up with better results most of the time, or even better yet, unless the whole market crashes, we are talking about just a single thing crashing wouldn't mattering to you in the end, that's the good part. I personally do it, and so far I have been never burned by this method, and definitely will keep using it.

Right. It is imporatnt to trade only your extra funds or the fund that you can afford to lose. You can more effectively manage your risk by trading with just the extra fund you have. If you spend your savings or money needed for living expenses to trade, you'll be putting yourself in a difficult financial situation if you lose money. But if you simply use your extra fund, you won't likely lose money if your trading don't go as you expected. Also, you may make more logical decisions when trading with just the money you can lose That's because emotions can cloud our judgment which can result in poor choices. But if all of your trading is done with extra cash that you can afford to lose, you'll be less likely to let your feelings get in the way. We can be more disciplined when our resources are limited like making realistic goals and following own trading strategy and soon this will result in wiser trading decisions. The only con that I can see in trading only the extra fund is that we become confident to lose it that sometimes we don't put much effort in not losing it.

Things work differently for people, something might suit you but it doesn't suit me. We have people that becomes successful only when they're under pressure and we also have those that don't do well under pressure which are the majority in the world. This set of people are those this advise is meant for because when they don't have other income except trading.

But then, we have those that for them to become successful at trading, they need to burn the bridges, they don't need a plan B and for those set of individuals, this advise doesn't suit them as it'll destroy them instead of turning them into a good trader. Pressure does have its benefits and disadvantages.

Its never a good choice to invest money that you'll be needing soon. Not only that it will have an impact to your mental and emotional stability, but also your financial status. Where will you get funds for your everyday needs? Debt? Then it will just worsen your situation, it would be better to not risk the money that you're not afford to lose. If you might do, then its more like a gamble to profit or not. Still not a good practice to entrust your money in risk, luck won't save you because it wouldn't be always by your side. Earn first then your extra money would be a good investment in a volatile situations.

If you trade using your extra money, and not those funds that will be used later on, you will have your peace of mind and emotional stability when trading. Unlike when you are trying to trade when your funds are not yet ready, you will always be pressured not to lose so you will lost your focus and get easily destructed with your emotions. In the end, you will lose your trade and regret wishing you did not trade when your finances and emotions are not yet stable.

One of the most difficult challenges you'll face while trading is having your emotional stability tested. Those who are unable to control their emotions will leave the market quickly and heartbroken. Depending solely on the profits from trading is a big risk that everyone should avoid when entering the trading market. The market's volatility is enough to put your emotional stability to the test, as is your reaction to such incidents.

Consider your trading experience to be a side hustle, distinct from your regular monthly or weekly income. If you don't have a steady source of income, it's best not to trade for fear of losing everything and having nothing to fall back on. Money invested in trading should be regarded as money that we are willing to lose if the trading doesn’t go well.

I agree with your advice. Trading can be a very emotionally and mentally challenging endeavor, especially when you are just starting out. It is important to have a steady source of income to rely on so that you can approach trading with a clear and calm mind.

it is important to approach trading with a balanced mindset and to have a solid foundation of financial stability before diving in. This can help set you up for success in the long run.

When you do have this kind of initial impression then you would definitely find it sooner or later on what are the things that would really be happening.It might sounds to easy or basic but it isnt something that
you could be able to deal or attain specially on making yourself that sustainable on a market which is really that unpredictable and way too random.If you could be able to do so then consider yourself to be a real
trader on which not all would be able to acquire such skill so easily and it does really takes time and lots of efforts before you do achieve out this one. Going all in is never that kind of a good habit or behavior
because you cant really be able to assure out that it is really that something that you could make sure that it would really be that a precise approach.

This is a good idea, if you end up with some sort of steady income, that means even if you lose all of your trading capital, then you would be able to live off from the salary that you have. I mean I have supported this for so long, I have talked about this for many years as well. I said that long term investment and income are the two most important things anyone can do. Have a job, and put some of that into bitcoin and that would be the coolest way to live.

After you done both those, save some aside for trading as well and then trade with it, if it goes to zero then it won't matter because you still have an income and you still have bitcoin aside anyway.

It is not guaranteed that you minimize the risk when you diversify. You're even attracting greater risks towards your way of trading and investing. But as said, that's to each their own.
And we're all agreeing on one thing and that's when we profit, one must take it and don't forget to do it.
Many have done thinking that they should take it only when they're seeing huge profits instead of little ones but then, they're missing the whole point of it and then actually misses the chance to make profits and instead, they're getting losses as that moment of potential profit on them was ignored.

It is not clear why the topic is called all-in, but the essence of your post is clear, you need to trade with your own money, and not with borrowed money. I thought in this topic you would touch on the issue of proper risk management, when you can't to make a deal on the entire trading deposit, this is probably closer to understanding all-in.

But just like you can't trade with borrowed money, you can't trade all-in, as this can deprive you of your entire trading deposit even faster. I once watched an interview with one trader who worked for an investment company, the point was that the company accepted deposits from investors, and this trader was an employee of this company and traded this money. It all looks very dumb, but even this happens. And the depositors did not suspect anything of what great risk their investments lend to. This company of course failed and closed, because the rule was broken and trading was done with borrowed money.

It can sometimes be about how well you can trade and how reliable it could be. Another question in mind is if you are capable of it as well. You will not be able to do that entirely if you were not built like it or haven't had the chance to learn it because you will surely be able to if you manage to do it.

There should always be an emergency fund in case you cannot capitalize on trading and suddenly need some money. It would be best to try it before going all in.

The best knowledge and thing to do is to have that "risk management" that everyone should know.

I agreed with your trading technique how to manage fund when start trading exactly for beginner, its right way when having $1000 don't all in for one altcoin for trading with the same price. I have follow with this strategies how effective trading spent three until four kinds of price when entry on some coins.

I spent each $300 if having fund $1,000 for trading and not all in at the one coins, I think is very effective how anticipation when price going drop and have potential get chance on another time when our coins trading price drop. If all in on the same price $1000 seems not effective when price going drop we loss chance to reinvesting with lower price.

Good advice, one must have two or more financial means that will support the inflow of the trading income one is having, also we must know that trading also has it own shortfalls, you may be loosing for few consecutive days because you cannot be accurate at all times and being on point, this are the things that every beginners must know before trading, it involves taking risk and having enough patience, it also takes time and effort to study the trading patterns and speculations on bitcoin price, so having a clue on what's ahead is as good as avoid making future mistakes.

going all in if I don't think there is anything wrong with bitcoin, which usually invites risk because we invest in new altcoins, with the hope of having big profits. therefore the need for diversification in the hope of minimizing risk, because it places several coins. but when the price is bullish we have to keep thinking logically so we are not greedy in taking profits, because at any time the price can fall quickly and of course we regret it

and you must not put emotion when trading , also best to get out once you already seen earning and never deal with greediness because there are so many factors that will change the momentum and you will be the one that could be responsible for anything that will come along the investment process.

Going All In is one stupid thing for me considering how much risk we must put in crypto investing, better to buy only the coins with diversification .

I thought the meaning of the title was all in in trading using the capital we deposited on the stock exchange but apparently not.
I agree with what Op said, it would be very difficult to make trading a productive activity, while we don't have any other income that can cover all our needs, because trading is not an activity that definitely makes money, sometimes traders will experience losses when the market works opposite with what was predicted.
But unfortunately many new traders think that trading is a job that is guaranteed to pay off because they are poisoned with advertisements and content from traders who provide wrong information which in the end will only make new traders wrong about trading.

It's often our mistake when we go start learning to trade. We are excited and hopeful to make money not knowing completely how the market works.
But that also means those guys who go trading without much experience are the bold ones. And Fortune favors them right when they learn 

I'm sure the majority who did trading without income flow learned well from past experience. But if they learned from reading advice threads like this, they may be saved from unfortunate events.

Don't have money to dollar cost averaging is bad but it is not the worst. The worst is if you go all in with your investment like invest in cryptocurrency and don't reserve any money for your life, you will repeat this style with your investment in cryptocurrency. By go all in with one coin that can be either Bitcoin, Ethereum, BNB, Dogecoin or any shit token is shilled as hidden gem.

Always be skeptical with the market and reserve part of your money for DCA and other things. You won't have to time in market, find bottoms and always have money to use in emergencies without have to forced sell your cryptocurrency at lower prices than your entries.

It is true that this is what actually happened to me, when I entered trading with all the capital I bought more than one coin but the prices started to fall and I no longer had enough money to consolidate and I had no other resource than the capital so I had to abandon some deals at a loss so that I could continue.

As for now, I enter with a small part of the capital and I have a resource sufficient for reinforcement in the event of a price drop (I can add a new amount of capital every week through my work), so I no longer have to sell at a loss when the price drops, but rather I strengthen every time and so I get the opportunity to buy Good price areas.

I really agree with this statement, having steady income first will ensure that we will have emotional stability which helps in keeping our decision logical, even if we lose we could always make it up next month since we've got income anyway. I've witnessed many that take a loan and do it for trading, they thinks they are chosen one that gonna score billions but the truth is they aren't that chosen one, it's always good to have some backup plan since trading and investing always could go wrong, having income will save you from being totally bankrupt, at the very least you could have the chance of retrying again since you've got that income flowing in. otherwise you'd have a really hard time dealing with fulfilling your basic needs if you've got no money left since the trading takes away all your money.

not many have such thoughts in trading. Those who suddenly come and want to trade with their money, just want to get big profits instantly. Even though the initial goal was wrong and would even be at risk of the capital they used. no management is carried out, no strategy is made so that losses will dominate more.
and some of them also use Futures trading for a faster way to get profit, even though it is a deep abyss when you can't do proper analysis.

Everything that was said in the article you gave is good, and I agree a bit. Because of the topic that you have done, it just proves that entering crypto trading or even any trading business is not something that can be done lightly even without knowledge or idea but just thinking that it is easy to make money.

       It just proves that it really takes enough knowledge to enter the trading industry either crypto or Forex. You really need to spend time and time, it's not just overbite and the next day you know everything.

Recording losess and profits are the two basic functions that triggered a trader to either be good with the market or get even worsen when recording losses. Trading is not for the weak but with implemented setups, there's high chance of gaining from the market but we should bear in mind that not all times we wins, there are tough times in the market were we make losses in a row, all these sections are parts of learning. We should be in a stable emotions before opening trade, most of us triggered trades with the wrong impression, getting revenge from our past losses.

Not everyone actually think this way, the narrative of coming into cryptocurrency trading that some people had is that one could get rich and doesn’t need a job or another business. This narrative made some people invest all their savings into it and also quitting their jobs to focus the entire day looking at charts. They even pay for lessons and classes or for signals. This has worked for some early traders and there current holdings doesn’t need them to find jobs but the problem is new traders having this same mindset is why we see people selling off precious physical assets to get into trading.


The ideology to gain big profits should only be prioritized by an experienced trader. A new trader coming should actually limits the entry price small let’s say 20% of his wage into. Someone starting with lower amounts could definitely be patient in making any moves during trading but one with a higher entry amount will be looking at getting his profit high and could lead to mistakes that could blow up the enter funds

The key on here is not to "RUSH UP".

Usually people do really have this kind of target or aim specially when they are really just that starting.They would really be having that kind of aggressiveness towards on money making
and even thinking that this would really be just an easy thing for them to achieve.On the time comes on which they would really be on the battle field or actual trades then this is where
they do commit and experience huge losses just because they didnt really even bothered to learn up with the basics.This is where mistakes would piled up to each other
until you would be losing up hope on doing trades.

Without having a job or skills, I don't think it would be possible to even start trading. How will you generate money to start trading if you have no paying job or skill that's paying you? We already know it's not ideal to take loan and start trading. So for one to even think of of becoming a trader means that one has a source of income and what now matters is the percentage to set aside for the trading.

I agree, and also we need to have a proper enough money to trade. It is good to have a money that you can deposit anywhere you want. Sometimes, if you are into trading there will be some time you will regret not having extra money to invest because you have a limited fund. If you will pursue your career in trading aside from financial stability we need to have a emotional stability as well.

If we want big profits, then our capital must also support it. However I agree more with consistent gains exactly as you say. Even small capital will continue to grow if we can get consistent profits. In my opinion, we should not be greedy to get big profits, because surely that will spur our ambition to make a mistake that will cost us later. So it's better to make profits but be consistent, than to get big profits but be inconsistent. But if we are able to do both, that's not a problem, as long as we feel we are capable of doing that, meaning that there should be no doubts that we feel.

In trading I don't think that the amount used doesn't really matter if you know how to manage it because what matters is consistent profit. If you make 1% of profit consistently in a month then you may have made around 30% of $50 for instance and if you have been losing 1% of $50 in a month,you would have lost also 30%. The difference is how we can manage whatever capital we have and it is better for a new trader to start with little capital for the reason of mistakes and learning.

Those are good advises. Someone may think that it's too much but that's the reality in trading, you may expect to get some profits in the future but you have to go through with a lot of pain before going there.

And that's all about losing more, you'll have a lot of pains and losses before going to those successful trades.

That's why before going there, you need to prepare yourself not just emotionally but also financially and that's the real thing in trading unless you only want to try it with little money.

Just like you have written, trading requires us to have other sources of income for us to relax and trade without having high blood pressure. If we trade having other sources of income, we are not going to be affected by small loses or bad day that might influence out trading lifestyle. A lot of traders had been having a day trade because they solely depends on  trading as source of income which is nit supposed to be so. This will have a lots of effect on us and if not been too careful we might keep losing and entering into the market with fears.

You mention percentage, you stated amount. It would have been better if you stated it in percentage, like trading with less than 10% of weekly income, or even less if someone just started to trade, because new traders are prone to fail while they will learn more from experience.

Also it is good to mention that trading is not for everyone, if someone keeps losing again and again and again, the person should not trade again, or change to swing trading in a way that the market would have falled very well enough before he buys a coin or open long position.

that's nice, but sometimes if someone enters the market in the right conditions he will be very lucky and make a very big profit.
but after that moment they will continue and start losing their luck.
I think one has to get used to losing or winning situations, so they can control their emotions to be more stable.

Many traders desire to begin their trading careers by becoming experts in the charts, as well as in strategies and other related topics. The problem is that this approach fails the majority of the time. So, I firmly advise that you have some form of reliable revenue flowing in before you begin your trading career, regardless of the method. A skill, a job, or a career, perhaps. It will be quite difficult for you to concentrate and actually advance in this trading adventure if you don't have that, which is why.  You need to anticipate that your emotional stability will be tested.

This is why I urge that before starting your trading journey, you need to have a hustle that pays you, get a job, or learn a skill. Begin anything that generates income so that you can devote a portion of it to your trading experience. And many of us have made a lot of mistakes along the way, and this is the antidote to that.

Start trading just after you are bringing in a certain amount of steady income. Take a percentage of this income, which could be $100, $500, or $1,000, and start your trading career. This will help your trading journey develop into a lovely experience in which you learn more quickly, peacefully, and at your own pace.

You will be able to grow faster , and in no time, you will see that you will become a much more better trader than if you go all in and you expect to use trading to solve all your problems. It won't happen because trading is a very competitive market and the volatility is so high that if you do not find some sort of a balance , it will eat you up.

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1 www.lifehack.org/927411/digital-brain-second-brain
2 www.forexstrategymaster.com/doc_index.php