Do expert traders hide their loses? - page 5.

Oilacris

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Quote from: marcous on November 17, 2019, 11:39:18 AM

In the world of trading, especially cryptocurrency, losses are common. because it is an unavoidable risk.. be it a big loss or a small loss. But the difference is how they reduce the risk of loss. there are some people who just want to share in their good experiences by not telling stupid things they have ever done. maybe the intention is to maintain integrity as an expert trader or a professional trader. but actually experience is the best teacher that is better to share as well so that everyone does not make the same mistakes I guess.

Good thing when you do read up past experiences with other people is that you would really be aware on the possible things that you might encountered along the way,.
which is more better rather than having zero knowledge at all.

Getting experiences from others isn't that necessary though but its much better to look it up so that you are already somewhat aware and be prepared to possible losses.
Yes, its inevitable but we can really less it up basing on our experience.

redsun114

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Quote from: alani123 on November 16, 2019, 12:01:08 PM

I think so called expert traders that claim to be such, actually hide what they really invest. They pretend to go in with more than they actually do sometimes. That's so easy to fake actually that its ridiculous.We shouldn't accept anything less than DEX blockchain transactions from a signed address as proof of trades and profits.

There are some things that are actually necessary otherwise they might not gain the attention of their target. There is no perfect person, and I think that it will be impossible for any trader to actually make trades without having any loss even if the person is the best traders in the world, but because of the lack of understanding of people for this is the reason why some people hide their losses.

People expect that some trader will be perfect and not have history of losses, and I think that it is unrealistic of them to think so, and they might judge the person based on that and never patronize them if they know they are making losses, so that is the simple reason why they hide it, but if it was me, I would not do that because I can as well start trading for myself alone and be making money if people are not willing to put their money down for me.

marcous

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In the world of trading, especially cryptocurrency, losses are common. because it is an unavoidable risk.. be it a big loss or a small loss. But the difference is how they reduce the risk of loss. there are some people who just want to share in their good experiences by not telling stupid things they have ever done. maybe the intention is to maintain integrity as an expert trader or a professional trader. but actually experience is the best teacher that is better to share as well so that everyone does not make the same mistakes I guess.

pundit

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Quote from: Pipdips on October 29, 2019, 10:29:47 AM

I notice that some experts doing online trading journals just show you all their wins, and they hide their loses and anything stupid they did to lose money. What traders out there sharing their daily trades are The Real McCoy? I am sure that ever super traders make super stupid mistakes, then they just do not want people to think they did anything stupid. Where are their big loses at? Why do they only show their wins?

The Real McCoy

It is true that most of the so called trading expert never show their losses and show their winning trades only but it does not mean they are trading in loss, their track record may not be that much fascinating what they show online to attract more investors. Many are in profit but the have big dd in their account and that is the worst thing any account have. Bigger dd means your account was on the verge of wiping out. Real traders keep their account statement open for view to all.

alani123

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I think so called expert traders that claim to be such, actually hide what they really invest. They pretend to go in with more than they actually do sometimes. That's so easy to fake actually that its ridiculous.We shouldn't accept anything less than DEX blockchain transactions from a signed address as proof of trades and profits.

South Park

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Quote from: Ashong Salonga on November 12, 2019, 10:55:54 PM

Quote from: South Park on November 12, 2019, 11:16:41 AM

Personally I will be very interested in a trader if he showed his results without any filter, drawdowns are part of the life of any trader or investor, Warren Buffett which is the best investor around the world has experimented drawdowns of more than 50% during his career and he could recover from that, to me that is a very important quality as a trader, you do not want to receive advice from someone that at the first sign of trouble goes crazy and invests everything in an ico to recover his money quickly.

Indeed. I also see no problem if they show their losses as long as their profits is still dominant than the losses. Although somehow there are times wherein losses become dominant than profits but there nothing should be ashamed of that because that is basically part of life in trading. A professional trader are not those who gets lesser losses but rather are those who are able to manage and recover from the bearish market.

Another important issue is that we are coming from a positive season for crypto and when that happens many claim to be experts since even the most unskilled trader could still get profits in a bull market and anyone not aware of this fact may think the trader is a genius when that is not the case, the true talent of a trader is seen when the market turns bearish since I have always thought that it is not as important the money that you win as a trader but the money you keep.

Visbay

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Quote from: LUCKMCFLY on November 13, 2019, 09:50:44 AM

Quote from: Pipdips on October 29, 2019, 10:29:47 AM

~snip~

This always happens in some operators, mostly hiding their failures to avoid being criticized. Marketing is often very difficult for the person who performs it when weakness is discovered.

There is a totally different approach when traders give their points of view and comment on their earnings and the reasons for the losses, because when they fail it is when they learn the most, or even when they lose it, they know why it happened, one of my favorite authors It is Jesse Livermore, a very famous speculator, he became rich and poor 5 times thanks to his operations in the stock market, he finally committed suicide, but in his books he recounts the way he operated, his failures, the reason for his failures, You really learn a lot from him, if you have a chance read the books about that great speculator, his techniques are adaptable to the crypto market.

Yes, most of the time people don’t tell them about their loss because they think people will consider them as inexpert traders so they hide as they feel hesitation in sharing it. I personally believe that it’s not good to hide from others as if we all share about our lose and cause of losing so Maybe someone could give me useful advice and that will be helpful to discuss.

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Quote from: riso2015 on November 14, 2019, 10:36:34 PM

Of course they hide their losses during trading, I think there is only one reason, because of shame. Yeah they feel ashamed if the beginners know they have lost trading. They want us to follow them to raise their names for other beginners.

Another reason is that they are thinking that if they show their losses to beginners, their followers will decrease because some beginners' mind set in following a trader isn't correct thus they somehow look if a trader's trades were smooth wherein they should seem to be perfect ideally. On the other hand as a good influencer you should make your followers that nothing is perfect in trading.

Kupid002

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Quote from: riso2015 on November 14, 2019, 10:36:34 PM

Of course they hide their losses during trading, I think there is only one reason, because of shame. Yeah they feel ashamed if the beginners know they have lost trading. They want us to follow them to raise their names for other beginners.

Other people do not hide what they have lost for learnings reasons , if you want to share a story then you will start the story from your lost before you go to your succeed to give more interesting stories.besides not all people learn trading in one day even you are professional traders you start your journey as a noob and lot of mistake can be possible to happen.

boris singer

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Experts have an order history that is included in the trial strategy and then get accuracy in their next strategy, this is always confidential. But to convince others, they also open a number of files related to losses but still below 30%, the aim is to balance the conditions which show that he is not always in the right position, he also does not want to be blamed if many publication strategies fail at a time which is not profitable.

TIDOVEE

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Anyone who knows what excellence is, who know it doesn't just come on a platter of gold. There is always a price to pay.
Experts must have made a lot of losses and mistakes in the past. You are also on the way to expertise, at least you are not where you were last year in the knowledge of crypto currency. But since you don't dwell on your past,then you have strength to move faster.you are only not opportuned to hear from them.
Moreso, to encourage you traders, you don't have to place your difficulties before them.

nydiacaskey01

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You as a person is your own brand. So walking around a mall is like advertising your own brand, if you are wearing a good shirt and shoes and nice pair of slacks then you will be noticed as a good dresser and that will be your brand. Now if you show or tell the people how much your losses are and post it online, then next time you post something about your trades, most likely no one will read it anymore, because you are already branded as a failure. So if you are into promoting yourself as a good trader and you ask people to pay you for tips, then you have to take care of your own brand, you will not post anything that will ruin your brand. Just my thoughts.

tadpole_bitfrog

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Yes, that is obvious. they have to give their achievements as evidence to convince people and I feel that is not wrong.
And there are many professional traders who confess that nobody will have a winning rate of more than 80%. The prediction will be a prediction and investors or traders usually make a 40% or more than 100% false prediction.
but the truth is they are still rich and they have a secret to managing their capital.

riso2015

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Of course they hide their losses during trading, I think there is only one reason, because of shame. Yeah they feel ashamed if the beginners know they have lost trading. They want us to follow them to raise their names for other beginners.

HarmonyA

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Quote from: Pipdips on October 29, 2019, 10:29:47 AM

I notice that some experts doing online trading journals just show you all their wins, and they hide their loses and anything stupid they did to lose money. What traders out there sharing their daily trades are The Real McCoy? I am sure that ever super traders make super stupid mistakes, then they just do not want people to think they did anything stupid. Where are their big loses at? Why do they only show their wins?

The Real McCoy

They are experts and insincere. Online trading journals are there to encourage traders to develop their trading skills for profitability. I think showing their wrong move which cost them loses might make them look unprofessional to their audience. As an trader, you should make the stock market your reference, which should make you understand that successful companies loose too. Therefore, professional traders don't trade without losses

Maslate

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Quote from: DoublerHunter on November 14, 2019, 01:24:10 PM

Quote from: tonyvo2017 on November 14, 2019, 11:53:43 AM

This is a very normal expression. No one wants to speak out about their embarrassing failures in public.
But I'm sure, those legendary traders all have to go through the worst days possible. because this is an interesting job and very difficult to master. Therefore, all of their experiences are valuable and we should learn from them.

^ All traders are done through with a massive loses, believed me, no one will always win in trading even how expert you are in trading.
So, as they called their self as an expert in trading, they are hiding what they'd messed base on what they had experienced. But I think hiding previous work is not necessary because people/traders are not looking at your previous work, they wanted to know how expert you are in trading and what strategy you use that they can learn with it.

There's no use if we will be able to know how messy they are and how often they commit losses because what is important is what they have become now. When we say experts, it simply means it just passed from a tough one and survived all of those negative years and now come out as a very good and expert one. After all, what we are looking is the present character of a trader which will serve as a role model to others who are still beginners in trading.

DoublerHunter

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Quote from: tonyvo2017 on November 14, 2019, 11:53:43 AM

This is a very normal expression. No one wants to speak out about their embarrassing failures in public.
But I'm sure, those legendary traders all have to go through the worst days possible. because this is an interesting job and very difficult to master. Therefore, all of their experiences are valuable and we should learn from them.

^ All traders are done through with a massive loses, believed me, no one will always win in trading even how expert you are in trading.
So, as they called their self as an expert in trading, they are hiding what they'd messed base on what they had experienced. But I think hiding previous work is not necessary because people/traders are not looking at your previous work, they wanted to know how expert you are in trading and what strategy you use that they can learn with it.

atjiat

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Quote from: Gozie51 on November 13, 2019, 03:26:46 PM

Quote from: Pipdips on October 29, 2019, 10:29:47 AM

I notice that some experts doing online trading journals just show you all their wins, and they hide their loses and anything stupid they did to lose money. What traders out there sharing their daily trades are The Real McCoy? I am sure that ever super traders make super stupid mistakes, then they just do not want people to think they did anything stupid. Where are their big loses at? Why do they only show their wins?

I think those "experts" surely do things that are abysmal to professional trading but the reason they might not show it is because for you not to learn the wrong way and think it is the proper way. Again, some of the experts conduct seminars and tutorials for the public so you can't be seeing all losses and still have the interest to go on with them. For marketing to be successful, you have to give your best.

It seems to me that in the first place you need to start with yourself, because I am not really thirsty to talk about my trading results, especially if I have failed. Other cryptocurrency users may act in the same way, while taking into account the fact that untruthful and fake statements about trading are used by certain groups of people to manipulate the cryptocurrency market and traders as well. If someone has a special negative opinion about the use of signals to manipulate the market, in my opinion these two provisions can be used for the same purpose.

tonyvo2017

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This is a very normal expression. No one wants to speak out about their embarrassing failures in public.
But I'm sure, those legendary traders all have to go through the worst days possible. because this is an interesting job and very difficult to master. Therefore, all of their experiences are valuable and we should learn from them.

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Quote from: wajik-tempe on November 13, 2019, 08:15:45 AM

Quote from: Asmonist on November 13, 2019, 06:29:05 AM

Mostly noone would share about losses. Its like a big nightmare that you wouldn't wanna remember again. Expert traders are also humans they made mistakes. Showing their losses is somehow lower their reputation. There are people who will always look up to them and most likely they will only show the good side of everything. It will keep their trusting rights and give them credibility to do trading for others.

Yeah i think it's humane if the pro traders with already high reputation don't wanna show their losses, they made money from their follower and some traders are take advatages from their follower to pump the coins that they bought. So, i think it depends on the follower, even the pro traders not showing their loss, i think we should see which traders are really good which are not.

Hiding their loses is as good as hiding their weakness while it lure people to think that the trader is an omniscient being that could know what will happen in the future and that's just wrong. By showing his record of trade people could then judge it by themselves whether the expert traders is worthy to follow or not. It's not that I'm doubtful of any expert traders out there but if I could say someone who consider themselves as an expert trader atleast could show us that they have made good profit and not just empty talk. loses is not something that could ruin someone's reputation but a blatant lie definitely can.

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