Biggest reason why you dont make profit first - page 3.

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The myth of science that humans can only use 10% of the brain's capacity. Speaking of using the brain, how can you write this while you...

Quote from: Fullbear2222 on November 11, 2022, 08:51:19 AM

i dont use my own Brain

😆 That's the thing with the internet. We mustn't talk for the sake of talking when we don't mean it. Our words have a way of harmfully locating us after we've harmlessly made them.

Well, on the part of OP's suggestion. Yes, one mustn't always be in the market to be profitable. One or two winning trades weekly are more than enough to keep one going as profitable as it can be. Just pick your trades and choose entries for maximum profits.

Even if you aim to be always profitable through trading, that will also not happen because you can't predict the future events of the market that will suddenly make your traders not profitable. So if you can have two winning trades with small profits, as long as you consistently making profits even with small amount, that will be better than not to have trading profits at all.

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Quote from: GreatArkansas on November 25, 2022, 12:03:17 AM

Quote from: Fullbear2222 on November 13, 2022, 06:53:10 AM

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.

This is my view on profit taking too. A trader might take a big profit or small profit depending on the circumstances and that is if you are not sure of further profit then taking a smaller profit is more professional than staying back and hoping for bigger profit while the market is going against you and the little profit disappearing. Something about profit taking is about experience/knowledge and understanding your trading strategies with the candle sticks.

GreatArkansas

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Quote from: Fullbear2222 on November 13, 2022, 06:53:10 AM

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.

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Quote from: Cryptmuster on November 23, 2022, 02:53:31 AM

Quote from: ethereumhunter on November 23, 2022, 01:21:29 AM

Therefore it is not recommended to buy a coin that is starting to increase because it can get you stuck at a high price and you have to wait a long time until the price can exceed your buying price and then you can sell it for a profit. The best time to buy a coin is when the price drops drastically and continues to decrease but we shouldn't buy at just one price level because if the price keeps dropping, we won't be able to buy at another low price. That's why we have to analyze from time to time to find a good time to buy and we can really buy at a low price. And bitcoin is currently fluctuating at the current level but there is still a possibility of a deeper decline, so prepare your mind to buy it at another low price.

Buy on a dip, I like to wait for the straits, then I buy with confidence, if I miss this moment then I look when the trend changes. But in any case, you need to buy for an equal part of the deposit, so that in the event of a further fall, there is an opportunity to buy more. It's not always as easy as it might seem. If the price has risen, then I no longer buy, but wait for the next opportunity.

Buy drop will always be recommended by us but unfortunately, it will not be as easy as we would like. We must be able to get a low price before buying bitcoins. And with the current conditions, we have to be very careful because the decline can only be a small correction that has not yet triggered a low price to be reached but is a reflection of a higher price. We may need to set a fixed amount of money to buy bitcoins so that we can buy more if a deep dip occurs.

Quote from: Natalim on November 23, 2022, 07:43:14 AM

Quote from: ethereumhunter on November 23, 2022, 01:21:29 AM

Quote from: Sebas.tian on November 22, 2022, 10:15:57 PM

If you continue to buy your coins when the price is high in the crypto market, it will not allow you to make a good profits like those that buy when the price is low in the crypto market. I think, the bearish market is the best market for both long term traders and short term traders to buy coins and hold until bullish market take over the crypto market before you can sell to make a huge amount of money at the moment. Now that the price of Bitcoin has decreased to $16,300 , showed that the market price is still looking good for traders to buy and hold, so that they will not miss the massive pumping that is about to happen in crypto market soon.

Therefore it is not recommended to buy a coin that is starting to increase because it can get you stuck at a high price and you have to wait a long time until the price can exceed your buying price and then you can sell it for a profit. The best time to buy a coin is when the price drops drastically and continues to decrease but we shouldn't buy at just one price level because if the price keeps dropping, we won't be able to buy at another low price. That's why we have to analyze from time to time to find a good time to buy and we can really buy at a low price. And bitcoin is currently fluctuating at the current level but there is still a possibility of a deeper decline, so prepare your mind to buy it at another low price.

Buying low is the most preferred thing to do but sometimes, we got fooled by the market volatility because many times that after buying, it drops more. I'm not sure if no one never have that experience but for me, this is really happening and even I can say I was too unlucky. And if you are new in the market, panic will certainly come instead of holding, then selling will appears in your mind.
That is found natural that losses are inevitable when you are new to this investment. Profit will just come when you know how to manage your emotions and already familiar with the market changes.

If we trade often, we must have had that experience because prices will go up and down a lot and maybe that's why we have to know when to buy bitcoins. If we are new to the market, we must be very careful when to buy and need more analysis to buy at the right time. And if we have bought bitcoin but find that the price is still dropping, we must keep our emotions from panicking to have the opportunity to sell when the price reaches its peak.

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Quote from: sulendra12 on November 24, 2022, 02:30:55 PM

Quote from: Fullbear2222 on November 13, 2022, 06:53:10 AM

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.

Don't you know it actually takes effort and time to actually earn really "big". Sure it's easy to say it like that but in reality sometimes reaching for the big catch is not worth it at all where you can just do it with smaller amount of profit and actually get the same result in the matter of time. Flexing to your friends are pointless, it is not that your friends will be proud or something especially if they don't know about cryptocurrency.

There's no need to boast off when it comes on how you do make money whether they do know about crypto or not then it wouldnt really be still that a good idea with that kind of behavior.
Profitability would always be not too easy and this is why its really that wise that you should really take things slowly and on a proper way where you should not make yourself that greedy.
Dont rush up on everything because it would really be requiring lots of time and efforts for you to get a hold off and it wont really be that simple.
Using up your common sense and do the right things which to be realistic is much better option most of the time.

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Quote from: Fullbear2222 on November 13, 2022, 06:53:10 AM

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.

Don't you know it actually takes effort and time to actually earn really "big". Sure it's easy to say it like that but in reality sometimes reaching for the big catch is not worth it at all where you can just do it with smaller amount of profit and actually get the same result in the matter of time. Flexing to your friends are pointless, it is not that your friends will be proud or something especially if they don't know about cryptocurrency.

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It seems to me that few of the newcomers immediately went into profit, and this is quite understandable. At least when I started working, I generally used a demo account from AMarkets broker for training. This is what allowed me to make a profit, although not immediately.

No, that is not understandable but as a newcomer they better start on the learning process so that they can minimize the risk of losing and increase the chance of earning a profit. Only the experienced people have the rights to start thinking about the profit but it is up to them if they will continue on learning on the background.

It's always better if you won't stop increasing the existing knowledge that you already have. In your case it is fine because you use demo trade before but demo trade doesn't give you a real profit. This is why it's called demo anyway. This is only used for practicing to see if you adapt the lesson that you took earlier.

Rana590

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It seems to me that few of the newcomers immediately went into profit, and this is quite understandable. At least when I started working, I generally used a demo account from AMarkets broker for training. This is what allowed me to make a profit, although not immediately.

Do you think only demo trading will help you to get profit? Without experience and proper knowledge about trading, it is really hard to get profit. For gaining experience, demo trading can help but real time trading is needed. For this, anyone can start with low amount. Newcomers or pro traders, everyone wants to be profited and it's normal. But it is not good idea to be profited within short possible of time.

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Quote from: goaldigger on November 22, 2022, 04:18:48 PM

Focusing on what your strategy is necessary and not listening to your emotion can bring more positive result. There are times that our emotion might control us and if this thing happened to you just try to relax yourself and focus on the strategy and your approach. We don’t always make profit at first, but if you get used to it, I’m sure you can be more good in trading, aside from sacrifices you also need to ignore your emotion every time you are trading.

but sometimes emotions will control everything when there is no good management. The strategy used also does not work perfectly and in the end emotions will act as the main decision maker without being guided by the initial strategy. people who are professionals in trading are used to keeping their emotions in check, but for them beginners emotions will be a powerful substitute when all strategies fail. it takes a lot of experience to train emotions to remain stable.

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Quote from: Fullbear2222 on November 13, 2022, 06:53:10 AM

So you see your Brain works by motivation you make better decisions naturally with good motivation.

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.

Can this work in this bear Market? People are losing interest daily crypto trading, and it has made some people to take the little profit they have and move on in order not to lose it all. There is no enough trust in crypto trading anymore but maybe with time if the market recover very well maybe next year or so, but for now I will rather take the little profit I have and move on.

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Quote from: Obari on November 16, 2022, 12:53:30 PM

I got your points straight. You were trying to say that the higher your trading capital, the higher your chances of making more profit and with more profit, one would have the patience to watch the market and be certain when best to strike a trade.
I totally agree with you on this regardless of your science of the human brain because Iearnt this theory of increasing the trading capital to maximize profits myself and I can attest to it

I don't think any experienced traders, and perhaps the traders that had painfully wasted big money would agree with you and the OP on this. It is true that the higher your money/risk, the higher your gain, but it is not true in the case of patience. A trader with a big amount might or mightn't be patient, it all depends on many factors, which are not limited to the psychology of the trader. I have seen traders waste a huge sum of money, and still went to reinvest, and wasted it again. This continue like that until the trader was broke.

This is why I conclude that; it is not about the size of your money, it is about your preparedness. Small account size might flourish at times when big account size would fail.

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Quote from: ethereumhunter on November 23, 2022, 01:21:29 AM

Quote from: Sebas.tian on November 22, 2022, 10:15:57 PM

If you continue to buy your coins when the price is high in the crypto market, it will not allow you to make a good profits like those that buy when the price is low in the crypto market. I think, the bearish market is the best market for both long term traders and short term traders to buy coins and hold until bullish market take over the crypto market before you can sell to make a huge amount of money at the moment. Now that the price of Bitcoin has decreased to $16,300 , showed that the market price is still looking good for traders to buy and hold, so that they will not miss the massive pumping that is about to happen in crypto market soon.

Therefore it is not recommended to buy a coin that is starting to increase because it can get you stuck at a high price and you have to wait a long time until the price can exceed your buying price and then you can sell it for a profit. The best time to buy a coin is when the price drops drastically and continues to decrease but we shouldn't buy at just one price level because if the price keeps dropping, we won't be able to buy at another low price. That's why we have to analyze from time to time to find a good time to buy and we can really buy at a low price. And bitcoin is currently fluctuating at the current level but there is still a possibility of a deeper decline, so prepare your mind to buy it at another low price.

Buying low is the most preferred thing to do but sometimes, we got fooled by the market volatility because many times that after buying, it drops more. I'm not sure if no one never have that experience but for me, this is really happening and even I can say I was too unlucky. And if you are new in the market, panic will certainly come instead of holding, then selling will appears in your mind.
That is found natural that losses are inevitable when you are new to this investment. Profit will just come when you know how to manage your emotions and already familiar with the market changes.

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Quote from: Cryptmuster on November 23, 2022, 02:53:31 AM

Buy on a dip, I like to wait for the straits, then I buy with confidence, if I miss this moment then I look when the trend changes. But in any case, you need to buy for an equal part of the deposit, so that in the event of a further fall, there is an opportunity to buy more. It's not always as easy as it might seem. If the price has risen, then I no longer buy, but wait for the next opportunity.

It is a continuous thing to buy and sell. Because the market will be having its own movement and your prediction might not always be correct so that you might have to do fractional buying.

The reason why so many people end up missing opportunities is that they don't take the fractional buying to account. It is possible that one person runs out of the funds at hand.

Only watching the market and buying at the low means you will cover the good biy points.

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Quote from: Sebas.tian on November 22, 2022, 10:15:57 PM

If you continue to buy your coins when the price is high in the crypto market, it will not allow you to make a good profits like those that buy when the price is low in the crypto market. I think, the bearish market is the best market for both long term traders and short term traders to buy coins and hold until bullish market take over the crypto market before you can sell to make a huge amount of money at the moment. Now that the price of Bitcoin has decreased to $16,300 , showed that the market price is still looking good for traders to buy and hold, so that they will not miss the massive pumping that is about to happen in crypto market soon.

When you pay a high price for bitcoin, there is a strong temptation to sell it when you are losing money in red days. It is always preferable to buy it at a low price because you can still cater to it while the price is declining, as long as you can hold it. What is best for the long term is that you are not getting stressed out looking for good trades on a daily basis; you just need to buy and hold it for a year or two, and then you are good. But with the current price of bitcoin, there are other holders that are in the negative now as this is the same price as last year, and that is where they are tempted to sell it so that they can cut their losses.

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Quote from: ethereumhunter on November 23, 2022, 01:21:29 AM

Therefore it is not recommended to buy a coin that is starting to increase because it can get you stuck at a high price and you have to wait a long time until the price can exceed your buying price and then you can sell it for a profit. The best time to buy a coin is when the price drops drastically and continues to decrease but we shouldn't buy at just one price level because if the price keeps dropping, we won't be able to buy at another low price. That's why we have to analyze from time to time to find a good time to buy and we can really buy at a low price. And bitcoin is currently fluctuating at the current level but there is still a possibility of a deeper decline, so prepare your mind to buy it at another low price.

Buy on a dip, I like to wait for the straits, then I buy with confidence, if I miss this moment then I look when the trend changes. But in any case, you need to buy for an equal part of the deposit, so that in the event of a further fall, there is an opportunity to buy more. It's not always as easy as it might seem. If the price has risen, then I no longer buy, but wait for the next opportunity.

ethereumhunter

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Quote from: Sebas.tian on November 22, 2022, 10:15:57 PM

If you continue to buy your coins when the price is high in the crypto market, it will not allow you to make a good profits like those that buy when the price is low in the crypto market. I think, the bearish market is the best market for both long term traders and short term traders to buy coins and hold until bullish market take over the crypto market before you can sell to make a huge amount of money at the moment. Now that the price of Bitcoin has decreased to $16,300 , showed that the market price is still looking good for traders to buy and hold, so that they will not miss the massive pumping that is about to happen in crypto market soon.

Therefore it is not recommended to buy a coin that is starting to increase because it can get you stuck at a high price and you have to wait a long time until the price can exceed your buying price and then you can sell it for a profit. The best time to buy a coin is when the price drops drastically and continues to decrease but we shouldn't buy at just one price level because if the price keeps dropping, we won't be able to buy at another low price. That's why we have to analyze from time to time to find a good time to buy and we can really buy at a low price. And bitcoin is currently fluctuating at the current level but there is still a possibility of a deeper decline, so prepare your mind to buy it at another low price.

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If you continue to buy your coins when the price is high in the crypto market, it will not allow you to make a good profits like those that buy when the price is low in the crypto market. I think, the bearish market is the best market for both long term traders and short term traders to buy coins and hold until bullish market take over the crypto market before you can sell to make a huge amount of money at the moment. Now that the price of Bitcoin has decreased to $16,300 , showed that the market price is still looking good for traders to buy and hold, so that they will not miss the massive pumping that is about to happen in crypto market soon.

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Quote from: qwertyup23 on November 22, 2022, 06:02:53 PM

Quote from: Obari on November 16, 2022, 12:53:30 PM

I got your points straight. You were trying to say that the higher your trading capital, the higher your chances of making more profit and with more profit, one would have the patience to watch the market and be certain when best to strike a trade.
I totally agree with you on this regardless of your science of the human brain because Iearnt this theory of increasing the trading capital to maximize profits myself and I can attest to it

The points raised by OP are definitely reasonable but it is easier said than done. Remember, if you trading with a huge capital on the market, the slightest increase/decrease on the price could mean a gain/loss of hundreds of thousands on your part. If there is one thing that I learned in trading, it is that you should never become too greedy on your portfolio. The longer you hold the profit, the more chances of you gaining a loss due to the volatility of BTC.

Maybe another point that should be raised is that trading requires patience and knowledge on the market. While it definitely has the potential of earning thousands of dollars in a short amount of time, you should never be complacent every time you trade.

Just bare in mind that you shouldnt really put up some stop loss if you dont like on getting liquidated as you could really still be having that negative profit which you could still potentially able to break even once the

market do make out some recovery or having that change of trend.Dont really be that impatient one who do really make out decisions basing up on your recent emotional burst of feelings.

Always be wary of your actions and stick out into your analysis.Make out some adjustments if needed and the last is that dont make yourself greedy.

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Quote from: Obari on November 16, 2022, 12:53:30 PM

I got your points straight. You were trying to say that the higher your trading capital, the higher your chances of making more profit and with more profit, one would have the patience to watch the market and be certain when best to strike a trade.
I totally agree with you on this regardless of your science of the human brain because Iearnt this theory of increasing the trading capital to maximize profits myself and I can attest to it

The points raised by OP are definitely reasonable but it is easier said than done. Remember, if you trading with a huge capital on the market, the slightest increase/decrease on the price could mean a gain/loss of hundreds of thousands on your part. If there is one thing that I learned in trading, it is that you should never become too greedy on your portfolio. The longer you hold the profit, the more chances of you gaining a loss due to the volatility of BTC.

Maybe another point that should be raised is that trading requires patience and knowledge on the market. While it definitely has the potential of earning thousands of dollars in a short amount of time, you should never be complacent every time you trade.

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Quote from: AakZaki on November 22, 2022, 12:14:11 PM

Quote from: justdimin on November 21, 2022, 03:25:30 PM

It would actually be the most important thing, because when the market crashes, if you could keep your emotions at bay, then you know what to do. It’s as old as time, you just DCA and buy a ton of bitcoins if you can, and I know most of the world is not at a point where buying bitcoin is possibility, not everyone has money and I certainly lack funds to buy more right now, hoping that after new years I will be able to invest some more.

However, if you let your emotions impact your trading, then you are going to be doing a lot worse and that’s going to cause you to have a ton of trouble, I suggest everyone to stop "feeling" things running their trades, and start using just their brains and nothing more.

DCA is a good strategy that can be applied when the market continues to crash, as long as you still have reserves of money it's still safe to continue investing, but do analysis and buy at lower prices to further increase the buy avarage and buy more coins.
Holding back and waiting for a bullish time will certainly be difficult if emotions get out of control and become a problem. Using only the brain on trading will not be fully feasible, sometimes emotions will take a toll.DCA is a good strategy that can be applied when the market continues to crash, as long as you still have reserves of money it's still safe to continue investing, but do analysis and buy at lower prices to further increase the buy avarage and buy more coins.
Holding back and waiting for a bullish time will certainly be difficult if emotions get out of control and become a problem. Using only the brain on trading will not be fully feasible, sometimes emotions will take a toll.

DCA strategy is into those people who do have money to spend on or invest on and since we know that not all does have the financial capacity then it do really ends up on making that one purchase point and this
what makes yourself to be holding your position and keeps on waiting for the right spot or point for you to get in.What makes it more harder is that you dont know on where prices would be going.
This is the main part of being a trader or crypto investor on which the main risk or main thing you would be experiencing is on how to deal up with volatility.
Act accordingly on your real experience and be mindful in towards your actions to be made which you cant really be that too careless or rush up on making up decisions
because it would surely cost you money if ever you do make yourself rush towards.

Topic: Biggest reason why you dont make profit first - page 3. (Read 852 times)