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Topic: Biggest reason why you dont make profit first - page 5. (Read 862 times)

hero member
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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.
^ Not only involved in losses and no one will like to throw their money away.
That is why trading is not meant for everyone because it needs more technical skills to overcome the market. The reason why you did not make a profit first is that you need to learn first before making a profit. Sometimes we need to gain experience after we gain profit and there is no shortcut to that, you need to undergo a long process of searching and studying. That is why don't expect profit in trading if you lose that is fine as long as you have learned from your experience and this will not happen again in the future.
hero member
Activity: 2576
Merit: 586
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.
10K USD a week, or 40k per month, where do you live?? I used to think that $30,000 is a high average for a normal person's life, but with $40,000 or $480,000 a year, this is far from average.

As for the strategy of waiting and attacking in a big way, it is successful for long-term trading, which is intended to be more investment than trading. As for trading, the strategies measure the best price during a specific period of time.
A normal person is living a minimalistic life so 30k dollars is too much for them even for a year but 30k per year can be an ideal amount for the most of us who are too ambitious and spends left and right on non essential things.

The strategy of waiting and attacking in a big way, can be the same with hodling when there is a bear market and selling when there is a bull market. And the one that who does that are long term investors, not traders. Traders have a different approach. They value their time more because for them, time is money, therefore, they don't wait for too long but they just keep on attacking continuously though it was not always in big way.
legendary
Activity: 2702
Merit: 4002

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.

10K USD a week, or 40k per month, where do you live?? I used to think that $30,000 is a high average for a normal person's life, but with $40,000 or $480,000 a year, this is far from average.

As for the strategy of waiting and attacking in a big way, it is successful for long-term trading, which is intended to be more investment than trading. As for trading, the strategies measure the best price during a specific period of time.
full member
Activity: 1736
Merit: 121
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.
hero member
Activity: 1106
Merit: 570
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 be too sure that the way you think about your trades that, that's how it's going to come out. Trade works different for different individual. Yours might be short trading with small capital and small profit that when accumulate for a long period gives a decent results, this could be your fate when another traders lose whenever they try short time.
That means for them it could be long trade with high capital. As you traded more often, you get to know which one works best for you and stick to it. Do don't follow the crowd as they're usually wrong.
In summary, you could say the biggest reason you aren't making profit when you trade is because you're yet to understand what best works for you. I always recommend trading frequently for some months to know where your strength is.
legendary
Activity: 2422
Merit: 1083
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You see you move not often but when you move you make money big money gives you enough time to wait.

The above line helped me understand better what the OP was trying to make us understand, and I think I agree, trading with peanuts have never helped anybody I know(including myself) become a successful independent trader, so indeed OP is absolutely right.
For me personally, making at least $2000 as profit in a single trade can give me up to a month to patiently wait for another opportunity of making that same amount again or even higher.

~Snip~
Having the experience of losing will indeed teach us a lesson to be careful in trading so that the same mistakes do not occur. this will stimulate to achieve new capabilities and more effective strategies. But if you keep making mistakes without learning, of course psychology is the main problem why are you still stuck in the same hole. Knowledge is sufficient, but trading psychology is still not qualified and it's easy to panic. Even professionals will lose to an unstable psychology.
Though i dont quite understand what you meant, but let me tell you that psychology is we create for our individual selves by our individual selves , psychology is a believe we create from our experiences, knowledge of things, and sometimes, our background or where we come from.
This means that psychology can be changed, all it takes is for the right knowledge to come in, and the willingness to be open to accept and adapt to the new knowledge, this is how psychology, in other words, believes change.
hero member
Activity: 3010
Merit: 794

As if that sounds simple to do. Easy to make a suggestion but in reality, there are lots of things to consider why we will face a tough challenge on the way. It's not that every situation will be favored by us. Even professional and experienced ones are still losing today.

Without those experiences of losing, we will never reach the ability to think of an effective strategy. For me, just continue even if losing as long as we learn from every mistake. Someday, with the right approach, we will achieve that big profit target. Patience is the key.
Having the experience of losing will indeed teach us a lesson to be careful in trading so that the same mistakes do not occur. this will stimulate to achieve new capabilities and more effective strategies. But if you keep making mistakes without learning, of course psychology is the main problem why are you still stuck in the same hole. Knowledge is sufficient, but trading psychology is still not qualified and it's easy to panic. Even professionals will lose to an unstable psychology.
There's no such thing about perfect trades or constant profits when you do trade up and its true that even professionals do really commit out mistakes.The most important thing on here is that you do really know

on what you are doing and you do able to make yourself profitable despite of the losses that you had committed.Dealing up with this market does really involved that never ending learning because

no matter what we do, then we do always still experience those losses and errors.The thing you should really be minding is on how you would really be making yourself
sustain of this very unpredictable market.Learn as you do go further and adapt on what you are facing on the market.
legendary
Activity: 2366
Merit: 1084
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As if that sounds simple to do. Easy to make a suggestion but in reality, there are lots of things to consider why we will face a tough challenge on the way. It's not that every situation will be favored by us. Even professional and experienced ones are still losing today.

Without those experiences of losing, we will never reach the ability to think of an effective strategy. For me, just continue even if losing as long as we learn from every mistake. Someday, with the right approach, we will achieve that big profit target. Patience is the key.
Having the experience of losing will indeed teach us a lesson to be careful in trading so that the same mistakes do not occur. this will stimulate to achieve new capabilities and more effective strategies. But if you keep making mistakes without learning, of course psychology is the main problem why are you still stuck in the same hole. Knowledge is sufficient, but trading psychology is still not qualified and it's easy to panic. Even professionals will lose to an unstable psychology.
hero member
Activity: 1820
Merit: 537


The Market is volatile and not moving all the time good so you better trade less like 2-3 max per Week you wait when Market goes down or very up.

I could agree with some of the ideas that you shared. The one on the quote is an example. Like not trading always help the trader to relax more and not do unnecessary order that will get them hooked for negative. If you trade always you don't make more than a trader who goes for the kill once in a while and goes away with profit. Trading with less leverage and good money management is cool.

Let me be the first to drop a merit for you for having some logical thoughts on the post this time  Grin


So basically, it's mind over matters that motivate us to strive more in trading but in some instances, no matter how motivated we are, we still fail for some reasons. However, positivity will help us create good decisions and will make our trading transactions smooth. We must be grateful no matter how big or small our profit is. Profit is still profit and we shouldn't feel ungrateful in case we'll gain a profit that is lower than our expectations.
sr. member
Activity: 2366
Merit: 332


The Market is volatile and not moving all the time good so you better trade less like 2-3 max per Week you wait when Market goes down or very up.

I could agree with some of the ideas that you shared. The one on the quote is an example. Like not trading always help the trader to relax more and not do unnecessary order that will get them hooked for negative. If you trade always you don't make more than a trader who goes for the kill once in a while and goes away with profit. Trading with less leverage and good money management is cool.

Let me be the first to drop a merit for you for having some logical thoughts on the post this time  Grin
hero member
Activity: 2604
Merit: 816
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It's too easy to do but in reality, it's not because when it comes to trading, it's not just about how much capital or profit you use or want but when you can trade. I'd rather make a small profit but be able to make a continuous profit in trading than just one big profit but having to wait too long to get that big profit.

But everyone will have their own strategy and maybe it works for @OP so he can come to that conclusion. But other people have their own way, but we all have the same goal: to make big profits.
hero member
Activity: 1484
Merit: 597
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Well that is true --and the title speaks very well.
No one will want to have a huge loss but it needs to --because trading is not all about profit but it is also to gain experience which makes you a better trader. There are too many strategies to apply but you need only one of them that you think will work, don't focus on one strategy if you have failure at once or even twice. Repeating your mistakes does not make sense when it comes learning your experience in trading.
Some strategies may work on others but not on us, it is better to find in ourselves what method will work on us to get profit in trading. Before all I do is follow some traders tips in telegram as well subscribe in other traders but turns out to be more at loss. Better take our time in studying and try for ourselves different strategies that we will learn and see what method is much fitted in our trading skills and understanding. It will take time and money losses but if we’re serious to learn and earn we will not give up.
legendary
Activity: 3122
Merit: 1398
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As if that sounds simple to do. Easy to make a suggestion but in reality, there are lots of things to consider why we will face a tough challenge on the way. It's not that every situation will be favored by us. Even professional and experienced ones are still losing today.

Without those experiences of losing, we will never reach the ability to think of an effective strategy. For me, just continue even if losing as long as we learn from every mistake. Someday, with the right approach, we will achieve that big profit target. Patience is the key.
sr. member
Activity: 1932
Merit: 442
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[snip]
There are all kinds of strategies are available to trade with. If you know which one to apply at right time then no one can stop you making millions even in such market position.
Well that is true --and the title speaks very well.
No one will want to have a huge loss but it needs to --because trading is not all about profit but it is also to gain experience which makes you a better trader. There are too many strategies to apply but you need only one of them that you think will work, don't focus on one strategy if you have failure at once or even twice. Repeating your mistakes does not make sense when it comes learning your experience in trading.
hero member
Activity: 2114
Merit: 603
November 17, 2022, 08:20:11 AM
#9
Way way generalised statements OP. You can not win the market if you can not beat it in the first place. If I am not wrong then I am pretty sure we need to use our brain to do so and facts and analysis in consideration to get upto excellent trading.

Who says you can not make money in the falling market? Big bulls actually short the position to make more money and they are kings of bearish market.

There are all kinds of strategies are available to trade with. If you know which one to apply at right time then no one can stop you making millions even in such market position.
sr. member
Activity: 952
Merit: 303
November 17, 2022, 06:35:50 AM
#8
First of all we need to understood that people results and effecny efect to use brain on full power Are about motivation.
For example If you been offered Job and you get 20k-50k once Job done in short time period your Brain will go sharper becouse of motivation.
Even better 100k-500k your Brain will start functioning 120% not just 100%
So you dont succeed becouse you trade with too small money.

The Market is volatile and not moving all the time good so you better trade less like 2-3 max per Week you wait when Market goes down or very up.

You watch you reasearch you watch Market one Week you do all the best then you strike in you attack it depends for each trader but If you use per one trade  2000$ and with 30x leverage you need just 5% price change it Will be
30x5= 150% it's all most 4000$ profit you quiclky move stop loss on profit or close the deal.

You see you move not often but when you move you make money big money gives you enough time to wait.

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.

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.


  - In short, what you want to convey here in the topic you made, the communities here should change their mindset, don't be satisfied with the smallness of the target, the goal and target should be bigger, as it were, "Think Big, Dream Big, Big Income in the end ".

It's just that in this day and age, in the crypto industry 10k$ per week is a bit unrealistic. Especially for individual traders like me who are not rich or have a lot of money. People like me can even earn 100$-500$ and up monthly.

Then as you said the market is very volatile at the same time we are still in a bear market and are still being followed by scandals like what happened in FTX, and Solana which even if we admit it or not it has affected the crypto market.
member
Activity: 742
Merit: 30
November 16, 2022, 04:24:35 PM
#7

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

Brain works with motivation, but I think the first that should be given to brain is the ability to learn more. Without basic knowledge about trading, the motive will be low, but with good cryptocurrency knowledge, brain will be motivated Trade with confidence.

Quote
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.

This one, in my perception, is greediness, which is the primary cause of failure in cryptocurrency investments. The best course of action is to take the small profit you have and move on to prevent losing it all as a result of greed.
sr. member
Activity: 2604
Merit: 339
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November 16, 2022, 01:24:46 PM
#6

This is the positive side of the story then how you would be able to recognized out the negative ones? We know that leverage trading isnt really that preferred or way too risky even if we do speak about 30x leverage
which is something that not all could handle out even myself because it is way too risky on blowing up your entire account balance if the price would really be going into other side.
You set SL? which is really that typical.It is really easy to say but doing these things is the most toughest thing for you to consider out.You cant just place up trades and wait up
even if we do speak 2-3x trade per week and also come to mind of that not all does have the big money on starting up that way.You cant just make out that full swing trade
with high leverage.It is really much better on sticking with spot if you arent sure on what you are doing.
hero member
Activity: 602
Merit: 442
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November 16, 2022, 12:53:30 PM
#5
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
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
November 15, 2022, 01:02:27 AM
#4
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...
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.
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