Topic: Biggest reason why you dont make profit first (Read 852 times)
Absolutely I agree. Before starting a job you definitely need to be highly motivated. This applies to all jobs. Because when the motivation is high the result will always be different. If you are dealing with cryptocurrency trading motivation is a big factor. But just because you are highly motivated your trading will not make you money. First you need to be knowledgeable. Motivation is useless without knowledge. Considering that you have traded enough and gained experience in the crypto market i would say that the next thing is motivation. If you have enough knowledge in this market be narcissistic and keep your motivation high.
Trading ideas is not the same from different people. You read some thread and you get the advise not to involve too much money on trading because of risk of losing and the other is telling you to do that to get profit more. It is knowledge and training that a newbie need to overcome this issue and challenge. Trading is not easy because it involves loses.
Everyone have it's method of trading, so if you give your own trading tips because of your ability of decoding exactly what's is the main point of making profit in trading, and learning of trading method or strategies doesn't have an end, it happens to be a continuous learning due to what you understand via trading, trading is what you can assume and what you have experience during the practice will give you an insight of corrections. Making profit from investment is depend on the capital. Investment is not a gambling that one can win a very huge amount with small amount (stake), for one to make big profit, you have to invest big as well.
Because even if you have huge capital but no knowledge about trading, you will never expect anything aside from losing your money too fast. But I'd learn something, we have to experience losses first before we make a profit.
As a beginner, we never think about earning a profit instantly but rather expect losses because that is the real thing to happen here. Learning from our mistakes sends us to better trades and results, that was the fact.
There are still people (I will not call them traders) that they will trade using only signals or if not copy trading which is prone to losses. As long as you have huge money you can do it, just pay someone to trade for you or follow signals but as always it isn't profitable because in the following months or years I am sure you'll be losing a lot or that signal group turned into scam. In trading, you don't need huge capital (but big is better) you can start small and enjoy learning through it. Invest more time in learning about it before investing big money
Been satisfied with little profit is the first way to make profit. Capital is only but an advantage and nothing more it doesn't make any difference in the hands of a waster. Little by little is better than trying to get all the profit in the market all at once. The big capital new traders envy are mostly grown from almost nothing. It is just discipline and commitment that decides how the profit rolls.
One of the biggest reasons for not making a profit in trading is not understanding the correct trading version. All of us in the very beginning think that we can start trading in few days and earn a lot of money which is very normal for everyone but in reality it is 100% wrong because then none of us have any idea about the trading system. So how to expect regular profit therefore, first understand the market well and practice before moving forward.
Making profit from investment is depend on the capital. Investment is not a gambling that one can win a very huge amount with small amount (stake), for one to make big profit, you have to invest big as well.
Because even if you have huge capital but no knowledge about trading, you will never expect anything aside from losing your money too fast. But I'd learn something, we have to experience losses first before we make a profit.
As a beginner, we never think about earning a profit instantly but rather expect losses because that is the real thing to happen here. Learning from our mistakes sends us to better trades and results, that was the fact.
You just used inductive reasoning to deductive reasoning which might be wrong in this your brain analysis. Out of the percentage allocated to human brain, the best brilliant scholar has not used 5% of his or her brain. And thinking are of different nature.
Making profit from investment is depend on the capital. Investment is not a gambling that one can win a very huge amount with small amount (stake), for one to make big profit, you have to invest big as well.
Making profit from investment is depend on the capital. Investment is not a gambling that one can win a very huge amount with small amount (stake), for one to make big profit, you have to invest big as well.
Greed and emotions are the main reasons why cryptocurrency investing fails. Those who have just entered the encryption market should learn more encryption knowledge and capabilities. Without the basic knowledge of trading, it is easy to fail. In today's highly volatile market, patience is also crucial. When you have enough understanding of the market and experience, it is easy to obtain high profits in trading.
I don't agree with this. Profits are already a profit, small or big. Because if you can't handle small profits, how about those big profits later on?
But I know the feeling of having small profits versus big profits, but a trader must possess a mind that "profits is profits" it's like if you can make it small profits, then later on nothing change, the feeling of having small profits must be the same with big profits.
But I know the feeling of having small profits versus big profits, but a trader must possess a mind that "profits is profits" it's like if you can make it small profits, then later on nothing change, the feeling of having small profits must be the same with big profits.
That's right, you should always try to keep the profit. Sitting out in a trade is the same mistake, instead of waiting for a big profit, you can make a small profit and consider other options for the trade. And if you miss the moment when you can take profits, then you can wait until the price goes down and the deal can be unprofitable. Any, even the smallest profit will always be better than a loss.
I have a way of thinking, when you trade, even if you make 1 dollar or less, I think that can be called a profit, and as they said before, a profit always adds up, so if we could see trading as a business, it would all be easier, the bad thing here is that some who start in the world of trading want to have big profits and that is something almost impossible, they could have if they had a large capital, but that is something risky, because a good movement cannot do that the profits are very good, but that the losses must be taken into account, and that is where the most is learned, we must see all those things.
If I'm not wrong, you are basically directing your message to people who have the capacity to raise upto such amount to be able to trade.
So I wish to ask if those who can't make upto that amount shouldn't have anything to do with trading? Well I don't think so.
I'm on the opinion that though high trading capital also determines how much money one can make, trading capital shouldn't necessarily retard one from engaging in trading as one can still live a very comfortable live trading little capitals with the right knowledge and also proper risk management as well.
And other other hand, someone can also have huge trading capital, make alot of analysis and still end up blowing account in less than a year or even week and even in a day.
So I wish to ask if those who can't make upto that amount shouldn't have anything to do with trading? Well I don't think so.
I'm on the opinion that though high trading capital also determines how much money one can make, trading capital shouldn't necessarily retard one from engaging in trading as one can still live a very comfortable live trading little capitals with the right knowledge and also proper risk management as well.
And other other hand, someone can also have huge trading capital, make alot of analysis and still end up blowing account in less than a year or even week and even in a day.
Its obvious that at first you enter the market and take first step without realizing anything so it is important for everyone should focus and remember anything that happens on the way pf becoming successful trader so these mistakes will aid the individuals to be a successful trader in future and will not repeat such mistakes. Impatience and greedy behavior should be avoided if you want to get satisfactory outcomes.
First impression of people who make their first investment in crypto is they can earn fast money here and they don't realize how huge the risk until they lose all their money. Newbie mistake need to avoid is to seek for more profits since waiting for more pumps will just make you lost the opportunity to earn money and you will just end up waiting for another pump to recover. Greediness should be taken out on traits of people to avoid losing money on any investment form they are going to.
I don't think the greed will disappear from the minds of other people entering the cryptocurrency industry dude, because no matter what reminders we do to them if someone is greedy or savage here, he will do what he wants. them.
As long as it is important, the one who understands and knows what is being done in the crypto space and makes the crypto assets grow here is the one who can be said to be responsible in this industry.
Trading ideas is not the same from different people. You read some thread and you get the advise not to involve too much money on trading because of risk of losing and the other is telling you to do that to get profit more. It is knowledge and training that a newbie need to overcome this issue and challenge. Trading is not easy because it involves loses.
Trading is not for all people. And using big capital is definitely not advisable to newcomers.
And the OP stating that one should earn at least $10k a week is also not true to most people.
It depends on where you are living because that $10k, it is already a month's wage or better yet less than that amount of most people.
Much better if you can equip yourself with trading techniques, tips and tricks using small amount of money.
You can increase your trading funds as you get comfortable with this activity and you feel you are ready to face some challenges in trading.
Once people actually go through this process they realize that trading is not really for everyone, because even if you could learn the correct technique and strategies, if you are unable to perform under pressure and use what you have learned then you are still going to lose money.
Trading ideas is not the same from different people. You read some thread and you get the advise not to involve too much money on trading because of risk of losing and the other is telling you to do that to get profit more. It is knowledge and training that a newbie need to overcome this issue and challenge. Trading is not easy because it involves loses.
Trading is not for all people. And using big capital is definitely not advisable to newcomers.
And the OP stating that one should earn at least $10k a week is also not true to most people.
It depends on where you are living because that $10k, it is already a month's wage or better yet less than that amount of most people.
Much better if you can equip yourself with trading techniques, tips and tricks using small amount of money.
You can increase your trading funds as you get comfortable with this activity and you feel you are ready to face some challenges in trading.
So instead of small profits wait and attack Big you make enough and you dont have to Shamed about your life you can say to friends you make money in trading.
I don't agree with this. Profits are already a profit, small or big. Because if you can't handle small profits, how about those big profits later on?But I know the feeling of having small profits versus big profits, but a trader must possess a mind that "profits is profits" it's like if you can make it small profits, then later on nothing change, the feeling of having small profits must be the same with big profits.
Trading ideas is not the same from different people. You read some thread and you get the advise not to involve too much money on trading because of risk of losing and the other is telling you to do that to get profit more. It is knowledge and training that a newbie need to overcome this issue and challenge. Trading is not easy because it involves loses.
Trading is not for all people. And using big capital is definitely not advisable to newcomers.
And the OP stating that one should earn at least $10k a week is also not true to most people.
It depends on where you are living because that $10k, it is already a month's wage or better yet less than that amount of most people.
Much better if you can equip yourself with trading techniques, tips and tricks using small amount of money.
You can increase your trading funds as you get comfortable with this activity and you feel you are ready to face some challenges in trading.
It was just one example but point is you should earn weekly at least 10,000$ becouse thats what it takes to live normal life nowdays weekly to earn.
I'm just curious where do you live to have a must income per week like that? $10,000 per week is like living your life like a rich kid, or a spoiled one, or I guess you just like to buy expensive stuffs but you don't really need it at all.
I don't believe you have to push yourself to earn at least $10,000 per week, I think you should be happy on whatever amount you could earn per week in trading, depends on your skills, because you can't expect more if you know to yourself that you're just a normal trader, or maybe just started trading. It's kinda pressuring to set that $10,000 per week, that could lead to disappointment if you didn't meet that, which could affect your trading plans that could lead to more losses.
Anyway, this is just my opinion.
Therefore, it would really be totally different if we do speak about income opportunity and needed up for someone to survive on daily living. We do have different country, different state and different economic
standard and situation which us citizens are living on different ways too.In general, if you are really that pertaining to live out a life which doesnt have problems
when it comes to monetary or financial then it is really just right to make out some wise decisions in keeping your finances to be in tact and not to be waste off.
It was just one example but point is you should earn weekly at least 10,000$ becouse thats what it takes to live normal life nowdays weekly to earn.
I'm just curious where do you live to have a must income per week like that? $10,000 per week is like living your life like a rich kid, or a spoiled one, or I guess you just like to buy expensive stuffs but you don't really need it at all.
I don't believe you have to push yourself to earn at least $10,000 per week, I think you should be happy on whatever amount you could earn per week in trading, depends on your skills, because you can't expect more if you know to yourself that you're just a normal trader, or maybe just started trading. It's kinda pressuring to set that $10,000 per week, that could lead to disappointment if you didn't meet that, which could affect your trading plans that could lead to more losses.
Anyway, this is just my opinion.
Trading ideas is not the same from different people. You read some thread and you get the advise not to involve too much money on trading because of risk of losing and the other is telling you to do that to get profit more. It is knowledge and training that a newbie need to overcome this issue and challenge. Trading is not easy because it involves loses.
Its obvious that at first you enter the market and take first step without realizing anything so it is important for everyone should focus and remember anything that happens on the way pf becoming successful trader so these mistakes will aid the individuals to be a successful trader in future and will not repeat such mistakes. Impatience and greedy behavior should be avoided if you want to get satisfactory outcomes.
First impression of people who make their first investment in crypto is they can earn fast money here and they don't realize how huge the risk until they lose all their money. Newbie mistake need to avoid is to seek for more profits since waiting for more pumps will just make you lost the opportunity to earn money and you will just end up waiting for another pump to recover. Greediness should be taken out on traits of people to avoid losing money on any investment form they are going to.
Its obvious that at first you enter the market and take first step without realizing anything so it is important for everyone should focus and remember anything that happens on the way pf becoming successful trader so these mistakes will aid the individuals to be a successful trader in future and will not repeat such mistakes. Impatience and greedy behavior should be avoided if you want to get satisfactory outcomes.
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