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.

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.

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.

Capital, strategies, knowledge - all of these really matters in trading.
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.

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 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.

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.

And this simple truth is many times never discovered by newbies, trading may seem easy for them, but that is because they have not really took the time to actually try to learn it.

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.

If I have $10k weekly, I'd never put this on trading alone but also to spread in other forms of investments. But many people never think about it as they simply believe those who keep spreading false information like earning huge profits from trading. They might be for experts but this will surely never happen to newbies. I can see the big difference between newbies and those who are in trading for many years; profit earnings, strategies, decision-making, etc. Many newbies often make mistakes because of their behavior and market  approach and that is something they need to change otherwise.

Big profits are always tempting in so many ways, but we know we can’t just jump into creating big profits without starting at the small ones. Like they’ve said, it’s better to make small but consistent profits, than never to have profits at all. But whether it’s big or small, it’s always a must to make a working starategy first and have a long term plan so that we will always end up making profits.

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.

$10k a week is something a life changing opportunity or situation for those who do live on 3rd world countries but not enough into those who do live out on 1st world or rich ones which it turns out to be the standard.
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.

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.

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.

There's no such person who cant really lose when doing up trades even how professional or veteran you are on this market which there's no way that you could make out constant profits.The thing that you should
matter the most is on how to make yourself sustain and make profits despite of the losses that you had encountered.There's no way that you could be that profitable always.
Mistakes and errors are really that very common which it would really be understandable that you would really be having lots of errors and losing up money.
Dont rush up on making yourself that profitable because there's no way that you could rush up things.Everything would really comes down into a process where things you do encounter
which would give out learnings along the way which is something that you do really need up.It is just that people are way too impatient when dealing up with trading.

Traders focus so much on the goal they miss the journey completely, trading is a process and like any process you need to go through a series of steps, and if you skip some or even all of them then you are not going to be prepared when you face difficulties.

Newbie traders seem to think that all they need to do is to buy a coin and then riches will follow, and when that does not happen then not only they do not know how to act and lose money, but they do not even learn anything from it so they will make those same mistakes again.

Motivation sucks, you have to think practical so you can earn only what is realistic and it totally depends on what kind of trading the individual is doing. For example as a day trader making 5% in a day is easy peasy but the fact is they can do that everyday so ome day it will be 5% and next day 1% and the next loss 10% so at the net profit they earn very little so going with short term trade is sensible.

Money will make you to take wrong decisions so don't get motivated by money, just be focused on the goal of achieving what you're planned and try to reach it.

Yeah, being with lack of patience must be one of the core reason why most traders are not making profits. I am sure everyone enters into crypto trading for making massive profits and when they are dreaming about big profits, they are not focusing on the preparation phase. Yes, preparation phase is very crucial for making consistent profits in trading.

In initial period, no one could make big profits but we can be consistent on making profits even it would be small by avoiding losses. But in reality, rushing up toward massive profits lead to losses and when you are in frustrations due to losses, you are missing out real time precious lessons out of own experiences. Without proper initial preparation and lack of gaining 'actual' experiences, obviously no one could make profits in trading.

Well, there is no easy way in trading, that is why even professional traders lose in some of their trades. Although those suggestions made by OP are great, but in reality when you are already in real trading, sometimes you have to just go with the flow, profiting if there are possible chances to make profits and losing if there are none. But as long as you learn from all your mistakes in trading, that will lessen the risk of losing because you won't repeat doing such wrong moves again.

It is accurate. Earning potential and rewards are important factors for our levels of motivation. The higher the pay, the more encouraged we are. The more encouraged we are the more for our brain to start functioning even better. It is psychological.

Trading two to three times per week with a monthly aim of earning $10, 000? Certainly, the capital wanted for these trades is going to be enormous to get rid of being liquidated in case the trade goes in the opposite direction. This is not a simple task to accomplish because leverage trading is highly risky. Professional traders lose too. I really want to earn that sort of money but I will never risk a similar amount of money into leverage trading.

When i started at first there were very little knowledge with me and i always worked according to other's opinion, i preferred the opinions of others and not worked with my own brain that's why i lost much money and other thing is that i just join some unknown groups, they provided some sort of signals that were not so true but instead with working that i lost my income. Minimum experience can be dangerous and it definitely required active mind  to get victory.

But lemme prove to you that you must not wait for week or even to trade 2 to 3 time per week to make your profits, from my words i believe that " A tree does not make a forest or even a drop of water does not make an ocean "  so it's in real life experiments. Meaning you not must wait to go that far or even hit harder to make profits, you can make a profit in trading with just scalping and making $5 to $20 every single trade of 1 hrs to 3 hrs while accumulating such would yield something good before the weeks runs out than waiting longer for the market to get to it buttomlest point to strike a trade. Yes this true and it depends on the exact capital which the person might seems to start with, what if the trader doesn't have up to $2000 to trading or what if the user has like $100 to $200 does such people have to wait for better chance to start trading?
No! Just i have said is gradually while you keeps accumulating your daily $5 in scalping.

A year ago I thought of selling bitcoin at $ 66k, unfortunately I thought that the price would continue to rise so I continued to wait, then the price continued to decline and once wanted to sell at $ 52k and I canceled because optimistic the price would continue to rise, maybe the factor greedy and hoping that big profits make us lose the opportunity to profit even with small money.

There are various reasons and accordingly situations for which not only me but also many traders make loss. Yes , some of us know the mistakes also. And to be honest OP has really mentioned the accurate reason. We traders need to understand and control the risk management. This is according to me the biggest reason. Also I have seen many traders cant control their greed, for that reason they make unnecessary losses.

Accumulating the bigger profits in trading all seems simple at first but its gets difficult when losing. There's no single chances of waiting for bigger profits in my tips for trading, always settled for any profits you found in your trading position. We have basic types of people in trading, there are the ones that don't like touching their trade until when they're ready to close it, some aim to scalp it day to day with enough monitoring of the market, which is one of the bigger stress in the market.

Since it is day trading, surely it is not intended for big profits. If you want to take big profits, you must expect it from long-term investment. It is very rare that there is a significant change in a crypto coin price in a day, it needs time to have significant changes. Usually, it needs for several weeks, months, or even years. Except if there is an event like a trading competition or burning program from a crypto project. This is possible to trigger a big change in a coin price in a short time.

This will depend on what type of investor you are. For me, as a holder, the reason I haven't taken profits is that I believe in the value of Bitcoin. Where Bitcoin will rise again someday, namely in the bullish era. The increase in Bitcoin cannot be predicted with certainty, but the belief is there and will definitely happen. After buying Bitcoin, holding this crypto is one of the fun activities. Especially if we have a bit more Bitcoin. Then this will be my choice to take profits when the rate is according to my wishes in the bullish period later.

However, small profits may be very suitable for day trading. Traders should handle small profits to avoid losses due to price fluctuations, and you are right that the correct assumption is that you should be profitable regardless of how big the profits are. I tend to favor lower profits on day trades because it's hard to guess the market, so profits have to be taken.

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.

If you do not use margin trading, then in a bear market you can open orders during correction, or stay out of the market. But it must be remembered that the use of margin trading by a beginner leads to the loss of the deposit. In this case, it is better to stay out of the market, as this will save your deposit.

Well, talking about the Biggest reason OP- you can't assume that you can learn everything in trading for one day. It is a fact that traders never get successful easily but it takes time. That is why people are saying OP that starts trading with small capital for they believe that this amount will just lose upon learning. The big mistake that most traders do is that they keep in their mindset that making a profit in trading is easy and they believe. This is why it makes them a surprise when doing actual trading and makes their money lose it all.

In my opinion, the human brain is not designed for successful trading. 

The human brain is the brain of an intelligent great ape.  The problems that this monkey has solved in the past were quite simple.  In this regard, an octopus or a dolphin solves more complex problems.  These creatures need to navigate in three-dimensional poorly lit space, and the octopus also needs to control all eight tentacles at the same time, since it has many more limbs than a primate. 

An octopus would be a great trader if it could be taken out of the 3D water environment and placed in the trader's chair.  Unfortunately this is not possible.  But we can create artificial intelligence that mimics the evolutionary development of an octopus.  Artificial intelligence does not have to be humanoid.

On the contrary, it is the non-human intellect that is able to achieve maximum success in trading by generating non-standard trading decisions.

Perhaps you misunderstood the OP, what he said is pick a trade and look for the best opportunity to strike, once or twice with a good amount in a week is enough to keep you going, you don't necessarily needs to be in the market always just to win a trade. He didn't say you can't make money in this present market state.

OP indicates that your brain get motivated with aiming high than just placing small amount. Whatever approach you apply to win a trade comes from thinking which is also using your brain regardless of the outcome.

It is important to limit our goals to a level we can achieve, many traders come to this market looking to double or even triple their money in just a few weeks, and while this can be done by some of them the vast majority will fail on reaching their goals.

If instead they set themselves a goal of earning on average 10% to 20% of their capital each year this is something they will be able to easily achieve, but since those numbers do not sound as impressive they are not interested, even if achieving those results is within their grasp.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

 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.

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.

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.

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.

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.

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.

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.

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.

Even though my brain is working well and optimally, however, this is still difficult for me to do. Earning at least $1k per week is not easy. What's more, we only have a little capital. It is undeniable that capitals are one of the reasons for how much we earn profits.

But sometimes, excessive motivation due to high expectations is also a bit dangerous because we could be over-motivated so we can lose control. Yes, our brains are supposed to work that way, working to think of various plans and strategies in trading crypto. With the support of various motivations that we have. But in practice, it is not that easy. We just still need to convince and process our brains so that we can be ready for all of this, namely by learning and receiving various information and being able to manage it very well.

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.

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.

It's a matter of time before they will realize what they are doing since trading isn't for everyone.
How long do you think they will realize it? It will take such courage and a readiness to accept losses just to prove how effective their trading skills in the market. Practice makes perfect as they say that's why you do it repeatedly in order to get the best strategy you will gonna use to earn a decent profit that's big enough to compare to your skills.

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.

it is not easy to maintain psychological stability when the market crashes like today and this is compounded by the FTX case which makes people no longer trust exchanges and withdraw all their money and some even sell assets at a lower price. the impact of the FTX case is being felt today.
Now is the right time to invest and wait for the bull market to come, but we also have to be prepared if the market continues to show crashes.

When you do make yourself dive in into something on a rush manner, then most of the time you are really that missing out the primary idea or concept on how this market works which it is really that common

that mistakes and errors would really be experienced along the way.Dont make yourself that too positive or really that optimistic on what ever things you've been dealing.You cant really be a profitable investor
or trader directly without passing all of those trial and error on a specific period of time.

This isnt a race, the thing you should mind is on how you would really be making yourself sustain for long term duration or runs.

Yes, everyone has their own predictions and we're all free to think of any price that we want to see for bitcoin. But at the end of it, we have to deal with the reality that it shows.
Whether it will or won't reach those high prices that we wish to see, we'll stay no matter what how low or high it'll project in the future. I'm sure that most of us are gonna stay and will satisfy ourselves by holding it while we can.

Summing up, money makes more money. $10k weekly for living 

Still it is not easy to maintain this psychology in today's highly volatile market. Just look at how many people panic in the market due to FTX or other issues, it will affect traders even if they are experienced. There is a lot of doubt about the market based on a lot of analysis coming back to find another low, but these are just predictions based on analysis done by people who may turn out to be right or wrong if the trend changes.

Some assumptions say now is the best time to buy in, while others will go out and stay calm waiting for the FTX drama and whatnot to wrap up. The situation will only get worse if this panic about the market continues, and now it's up to them what to do.

You made a lot of sense in your post and I admire that, all you said there is the truth and nothing but the truth. The only factor that is supposed to be considered is whether or not the person knows how to trade.
Your advice is good for pro traders who has bunch of experience in trading. You don't need to attack everyday with small amount of capital, read the market and attack once with large capital and you'll run into massive profits.

This world is for risk takers, any kind of risk-taking is what makes this world move. I remember one of my friend that was trading with thousands of dollarss while I was struggling with hundreds. I no longer trade but he runs into massive profit and his life is changed to a very large dimension. It is because of his ability to take risks that changed his life.

Experience will indeed affect psychology and how we trade, but psychology is also influenced by complex circumstances that will put pressure on making good decisions or not. Regarding believing in change, everyone has their own control and not everyone can control it properly. Professional people may be better able to keep their psychology stable, but for those who are beginners it will be very difficult to maintain psychological stability. As much as possible you have to stay calm and stick to the strategy that has been made and don't panic too much.

It is your strategy to do long-term, which is also proven and tested by traders, but there are still traders doing day trading to earn a profit on daily bases; they just set a target profit on that day, and then they are good. This kind of strategy is not working for all since it requires knowledge, technical analysis, and deep knowledge of bitcoin's price action. Most newcomers do not profit at first because they believe trading is simple and that they can easily hit their target profit, but the truth is that they still need to read a lot of books and watch video tutorials to learn what trading is.

 - In short, we have nothing to lose if we think of positive things, even though this would be impossible in the eyes of the majority because if this is what gives us the courage and a positive outlook on life, I don't see anything wrong with it...

So, it's free to dream, so let's save it. Of course, we can only dream of growing up, because we have nothing to lose, we can even have our dreams come true, as long as we believe in the good mindset we have and don't let ourselves be the ones to let go of it.

Ohh, let's people have to think like that, being motivated. Yet, it was just in our minds but not coming to reality.
Perhaps, that is what I see from OP. He'll come and think that putting a huge amount of money into trading will help him reach his target. If he is right, he can be a millionaire for just a year in trading.

I see my friend trading but he tells me the truth, earning a profit in trading isn't easy. Of course, he tells me that he earns some but not all the time. So, therefore, we can't assure that our plan and target will achieve.

I'm thinking that bitcoin will reach $1M soon and that's how big I am thinking and there could be others that are thinking that it will surpass that price in the next several years.
I'm motivated to see the higher prices and honestly, it's all really about your mindset. Like those that are thinking that this bear market is no help to them, they don't see that it's an accumulation period. While the experienced ones, they think of this bear market as the best time to buy.

Emotions are always having a vital role in trading and this time you are again bring a known point from the basics but may be with new kind of fancy terms. Usually people do say all these like money attracts money but in depth we can interpret that like 'success attracts success'.  A success definitely will motivate you which again may bring you profits but only when you are not deviating from your plans.

What usually traders do commit after a profitable trade is, get over-motivated and turn as a greedy trader. There is a thin line between being motivated and over-ambitious. Only by experience, you can stick with your plans after a profitable trade. Market scenarios are continuously evolving in-which being motivated beyond a level will collapse everything. This is why trading many times looks like exact gambling.

Is setting a goal of $10k a week for your so-called "motivation"? Or is it really just that you live in a place where it needs $10k to live weekly cause I'd bail tf out if it really was. I understand the idea of using big to create something bigger, but that's pretty subjective in terms of where you are in life. Say $1k may be big in the eyes of an average joe, but it can be peanuts for billionaires out there. Not saying that it's wrong, but rather the fact that you limit yourself to that one move only is.

The idea's there, but there are also other ideas that could prove to be safer, after all, this is something like an all-in type of bet. It's really just up to your style imo, but it is for a fact that your style OP isn't the only style there is.

It is that simple, the OP is trying to find a magical reason why people lose when they trade but this is simply a matter of skill and knowledge.

Successful traders are the ones which with the very same information can make better predictions than their peers, and they can do this since their knowledge about the market is deeper, so no amount of motivation or pseudoscience will change anything, so for those that are tired of losing on the markets there is only one way out, and that is to study as hard as they can for as long as they can endure it and learn everything that comes their way, if someone can do that then they will at some point in the future begin to make profits.

When one gets into trading, his prime focus needs to be on learning and keeping himself good on the market activities. Close observation will help an user know better about the market movements. As suggested the volatile market at times create panic, but the real understanding will help us make it an opportunity.

Wider view of the investment is a must with trading, only then it is possible to profit out of it. Need to find ways to make profit out of any market condition. Such a learning is a must and profit focus should be limited and should not go high which at times looks unreachable at that market situation.

^ 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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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 

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.

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.

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.

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.

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.

  - 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.

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.

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.

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.

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

😆 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.

There are variety of reasons why one can't make profits at first, it can be business or trading. But concerning trading, it's always greed, always want it all, there's no amount of maximization that will lead to making profits at first except one have undergone and been highlighten on proper risk management. I have been in that shoe once, and it pains to see your entire profits go down in drain due to greed and carelessness. This year, open a trading position on Bitcoin when it was at $39k, short it with futures and leverage of 30x because my account size was balance. I gain much profits and made triple of my capital, was very happy at the moment but hesitate to close it, hoping that it still surpass my TP, but before my very own eyes, I watch it smash my TP and retrace back to $45k. My account got liquidated and I was shock the whole period. Then I realized I'm in a big mess and sworn never to allow greed take control.

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...

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.