Do you think to succeed in the bull market you need to acquire more strategy? - page 3.

Cryptmuster

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Quote from: Jawhead999 on November 10, 2024, 09:08:25 AM

I guess they make money by referral reward, not sure how the referral reward in centralized exchanges because it varies from one to another. But, I think mostly they earn from someone else lose, so the mentor will ask to sign up with their referral and make deposit, then they will teach their skill, either it's a fake skill or real skill.

In this way, they're making money without need to ask the followers to buy their course.

Referral programs are a separate topic, but yes, it can bring in very good money if you approach this issue thoroughly, if there are enough referrals, then such a person will receive his % from each purchase and sale, no matter whether these are unprofitable or profitable transactions. The exchange works in the same way, it will take its fees from any transaction, no matter whether it is profitable or unprofitable, this is the principle of their work. But for a teacher it is important that his students can trade with profit, otherwise there will be a lot of negative reviews about him.

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Quote from: dzungmobile on November 09, 2024, 12:33:29 PM

Quote from: Dr.Bitcoin_Strange on November 09, 2024, 12:03:57 PM

You are absolutely right mate, I just realized lately that most successful traders were not really intentionally schooled by an expert trader but rather they just keep making use of every bit of information they get online and also added their own predeveloped knowledge and idea and that's why they keep winning in their trade.

It is probably because with Internet and open source, people nowadays can learn many things by themselves online without going to schools, colleges, universities, and any paid course. However, to say "most successful traders ..." do like you said, I disagree with you and I really don't know how did you say that. Did you get it from any research, article, any data to back your saying?

I don't mean all traders but most of the traders that I know and the ones that I have listened to or head people talk about. I didn't get it from a search engine or article but was just saying based on what I have seen and heard.

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Quote from: tvplus006 on November 09, 2024, 06:12:53 PM

Obviously, you're more fortunate to have a mentor than I am. What was offered online was obviously stolen and distributed for little money. And accordingly, there was no sense in such training. Those who really knew how to make money from trading did not need my money, since for them it was just a waste of time that could be spent on trading or on family.

I guess they make money by referral reward, not sure how the referral reward in centralized exchanges because it varies from one to another. But, I think mostly they earn from someone else lose, so the mentor will ask to sign up with their referral and make deposit, then they will teach their skill, either it's a fake skill or real skill.

In this way, they're making money without need to ask the followers to buy their course.

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Quote from: tvplus006 on November 09, 2024, 08:21:46 AM

Quote from: GiftedMAN on November 08, 2024, 05:15:52 PM

To escape losses in trading the trader should pay money to learn from an experienced profitable trader gaining knowledge from a good trader will also see the learner to have good experience in taking profits more than losses.

It looks almost impossible to find a successful trader who is ready to take up the training of a beginner. What can you offer a successful trader? Money? That's how he earns them by trading anyway. And it is not a fact that a successful trader will be a good mentor, because mentoring requires much more knowledge than just profit in trading.

It is not necessary to pay an experienced trader. One should actually experience trading, and start small. You will only have good grasp if you start trading on your own. But no need to rush yourself because those lessons will take time to acquire, aside from the tips and strategies that you will learn along the way.

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Quote from: Inwestour on November 07, 2024, 04:25:00 AM

This is the basic law for any trader - buy low, sell high, but easier said than done, isn't it?

Basic indeed, panic stimulates the wrong step and not following the basic.

Quote

And when to sell and when to buy is the strategy, because this choice is fundamental in trading and without it you will not be able to make a profit, and how many such strategies can be applied is the trader's business, he can apply several, but in the end I think that everything will come down to the fact that he will impoverish them for himself in one.

The difficulty in this basic strategy is what I explained in the next line. The timing of when to buy and when to sell is of utmost importance. This accuracy of prediction is improved by observing charts and reading past charts. When bitcoin crossed 72k I was fairly certain that the previous all time high would be crossed and I have a high probability of being correct and not wrong. Turned out I was correct but I could have been wrong.

This unpredictability of the market is what makes trading difficult and not sustainable. Still it is worth trying.

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Quote from: GiftedMAN on November 09, 2024, 05:23:54 PM

Quote from: tvplus006 on November 09, 2024, 08:21:46 AM

-snip-

May be you haven't come across some good traders who enjoys teaching other interested people on the various ways to trade and how to take profit but I think I have come across some good traders during my newbie days and they tried so much to make sure that any serious newbie who comes to register with them gets good knowledge they came for.

They may not mentor you 100 percent but you are sure of getting good information from them and the knowledge they share can go a long way to help every beginner get started in the right way if you are willing to pay the price which is reading and learning.

A great trader clearly has a lot of experience in their field - they have the right approach when the market doesn't match their expectations. They don't just have one strategy - of course they have several strategies which can then help them avoid losses. They trade to seek profit - unlike gamblers who seek fortune, so backup strategies on the other hand are already prepared even with a reserve budget as well.

When traders start trading with a strategy - then they clearly expect profits. Sometimes they can also lose - but because there is a reserve budget and other strategies, the losses can be covered again without taking too much time.

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Quote from: GiftedMAN on November 09, 2024, 05:23:54 PM

May be you haven't come across some good traders who enjoys teaching other interested people on the various ways to trade and how to take profit but I think I have come across some good traders during my newbie days and they tried so much to make sure that any serious newbie who comes to register with them gets good knowledge they came for.

Obviously, you're more fortunate to have a mentor than I am. What was offered online was obviously stolen and distributed for little money. And accordingly, there was no sense in such training. Those who really knew how to make money from trading did not need my money, since for them it was just a waste of time that could be spent on trading or on family.

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Quote from: tvplus006 on November 09, 2024, 08:21:46 AM

Quote from: GiftedMAN on November 08, 2024, 05:15:52 PM

To escape losses in trading the trader should pay money to learn from an experienced profitable trader gaining knowledge from a good trader will also see the learner to have good experience in taking profits more than losses.

It looks almost impossible to find a successful trader who is ready to take up the training of a beginner. What can you offer a successful trader? Money? That's how he earns them by trading anyway. And it is not a fact that a successful trader will be a good mentor, because mentoring requires much more knowledge than just profit in trading.

May be you haven't come across some good traders who enjoys teaching other interested people on the various ways to trade and how to take profit but I think I have come across some good traders during my newbie days and they tried so much to make sure that any serious newbie who comes to register with them gets good knowledge they came for.

They may not mentor you 100 percent but you are sure of getting good information from them and the knowledge they share can go a long way to help every beginner get started in the right way if you are willing to pay the price which is reading and learning.

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Quote from: Dr.Bitcoin_Strange on November 09, 2024, 12:03:57 PM

You are absolutely right mate, I just realized lately that most successful traders were not really intentionally schooled by an expert trader but rather they just keep making use of every bit of information they get online and also added their own predeveloped knowledge and idea and that's why they keep winning in their trade.

It is probably because with Internet and open source, people nowadays can learn many things by themselves online without going to schools, colleges, universities, and any paid course. However, to say "most successful traders ..." do like you said, I disagree with you and I really don't know how did you say that. Did you get it from any research, article, any data to back your saying?

Quote

I listend to the story one guy on YouTube who was very poor years back according to him but after blowing up his account several times, meanwhile he paid some groups of people who claimed to be professional traders but he ending not even gaining any favorable trading knowledge or strategy from those people he paid to, which lead to blowing his account multiple times.

It can be true or not true. Youtubers can say everything they can to get traffics to their Youtube channels. Except are rare that some Youtubers actually care about quality of their content and pay a lot of investment in time, research, and make their videos.

Traders can lose money by bad trades that can happen as consequence of bad trading knowledge, bad trading practice and many things. It's hard to blame your failed trades to any others like Youtubers, experts, whoever is not important than yourself.

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Quote from: tvplus006 on November 09, 2024, 08:21:46 AM

It looks almost impossible to find a successful trader who is ready to take up the training of a beginner. What can you offer a successful trader? Money? That's how he earns them by trading anyway. And it is not a fact that a successful trader will be a good mentor, because mentoring requires much more knowledge than just profit in trading.

You are absolutely right mate, I just realized lately that most successful traders were not really intentionally schooled by an expert trader but rather they just keep making use of every bit of information they get online and also added their own predeveloped knowledge and idea and that's why they keep winning in their trade.

I listend to the story one guy on YouTube who was very poor years back according to him but after blowing up his account several times, meanwhile he paid some groups of people who claimed to be professional traders but he ending not even gaining any favorable trading knowledge or strategy from those people he paid to, which lead to blowing his account multiple times. He said he was just consistently learning on its own and also studying the market and the candle pattern, taking note of everything that can help him and boom, he started taking profit majorly from his trade. So, you are absolutely right to say that it's gonna be difficult to see a real professional trader who can make out time to lecture beginners.

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Quote from: GiftedMAN on November 08, 2024, 05:15:52 PM

To escape losses in trading the trader should pay money to learn from an experienced profitable trader gaining knowledge from a good trader will also see the learner to have good experience in taking profits more than losses.

It looks almost impossible to find a successful trader who is ready to take up the training of a beginner. What can you offer a successful trader? Money? That's how he earns them by trading anyway. And it is not a fact that a successful trader will be a good mentor, because mentoring requires much more knowledge than just profit in trading.

bettercrypto

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I don't think much strategy is needed for this bull run. Because even one or two is enough for a bull run if we use a strategy. It's also not possible that we don't have a strategy to use,
so it's normal to use a strategy in trading.

Then you should also have an idea of what to consider during the bull rally itself in bitcoin and even in other crypto assets in the market,
because if you don't know or can keep up with the game every bull run for sure you will also be left in the end.

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Quote from: Adbitco on November 03, 2024, 04:50:12 PM

Well like a question a neighbor asked me today because he knows I deal with bitcoin trading and to what relates with bitcoin. He asked that if he wants to make money from trading does he need several strategy to start up as a beginner?

Straight up answer:
I said no because like most post I do read here I have to understand that one doesn't really needs to acquire several strategies as someone who is starting up instead needs to develop himself to understand more things about that trading before trying to explore different strategy to trade with. However, I don't think it's a solution to newbies rather a kind of distractions making them to lose more at the cause of trying to adopts more techniques to succeed.

What do you think, is that question okay as you know and have your knowledge towards trading?

Firstly, in a bull market, almost every strategy you use will give you good returns.
The reason is that prices go up for almost every coin and hence everyone can make money in a bull market.
Secondly, newbies should not try several strategies in the beginning and rather focus on just a few strategies, like 2-3 and then improvise it.
Furthermore, DCA is the best strategy for almost everyone and so newbies should get started with DCA followed by the above approach.

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Quote from: Adbitco on November 09, 2024, 04:20:33 AM

Paying money is a different case but having that mindset to be productive is where trader may likely face difficulty, because i have seen people who were so dedicated to trading going all matter of classes just for them to know how to trade but yet still didn't make it out to be successful in trading.

Learning about trading before starting your trading is good preparation but it's not enough. Not all people are able to apply what they learn, assumed it's accurate knowledge, not bad one, to their actual trading and do it well enough for profit.

There are many more factors to affect their trading results, not only knowledge.

Quote

In essence, trading is all about mindsets and how they have positioned themselves to make profit or how prepared to could be in possibly gone live

Successful traders need not only knowledge, but also other important things like patience, discipline, good risk capital management and so on. If they lack any of these traits and skills, they will fail in trading.

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Quote from: GiftedMAN on November 08, 2024, 05:15:52 PM

Quote from: Adbitco on November 08, 2024, 12:26:47 PM

Realistically trading isn't that easy be it having lot strategies or few, the main points is to always know what they are doing because with the mindset that they had already established when they think immediately they joined trading profits follows immediately. Things do no longer work that way because it requires lots of time and patient to excell while trading Even though they have lot of strategy already, though some may have just only one or two but still make out good rewards from it and it's mostly from a professional trader and not newbie.

On a very simple note, I think trading is not as difficult as most people think and the strategies are so many to use but the ability of the trader to recognize and make use of the right trading strategies when going into any trading is the most difficult thing in trading. Having a good mindset and a profit oriented attitude when going into trading is not a bad thing because trading with fear and the anxiety of thinking that you can't get profit will make the trader to encounter losses because he's going to use fear to do the wrong things instead of doing things right.

To escape losses in trading the trader should pay money to learn from an experienced profitable trader gaining knowledge from a good trader will also see the learner to have good experience in taking profits more than losses.

Paying money is a different case but having that mindset to be productive is where trader may likely face difficulty, because i have seen people who were so dedicated to trading going all matter of classes just for them to know how to trade but yet still didn't make it out to be successful in trading. In essence, trading is all about mindsets and how they have positioned themselves to make profit or how prepared to could be in possibly gone live because most people whom see today wanting to trade are people who can't endure seeing their balance melting down to zeros. Yes, I know that trading is easy but some people when they started trading with Demo and you see them you would think that they can beat the market without knowing that it's just rebot they are playing with and live market doesn't behave so.

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Quote from: GeorgeJohn on November 08, 2024, 02:20:08 PM

Some persons just invest in cryptocurrency neither bitcoin or any altcoins, and but they make profit during the process of investing on such crypto, so what I need most is that, cryptocurrency investment some persons do have the luck to invest and make profit by meeting bullrun, so their is no special strategy someone can apply except that you're in a signal groups, because in signal groups they are the one that give you coins that can increase in price or unknow coin that can have future, so if you follow the description of signal group, it can be your own strategy to know good coins to invest and during bullrun you can make a profit.

Those signal groups are being operated by individuals who focus on reading charts of coins and identifying which ones are best to invest in at a given time based on the data they have at hand.

Sometimes they appear to be wrong while sometimes they also get it right, but the main thing is they don't just buy some random coins and stock on their wallet or trading account because not all altcoins are good for buying, even for a short time, as they can turn someone's investment into zero within a period of time if you enter time in the wrong time.

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Quote from: Adbitco on November 08, 2024, 12:26:47 PM

Quote from: Peanutswar on November 06, 2024, 08:04:53 AM

Quote from: Adbitco on November 03, 2024, 04:50:12 PM

Straight up answer:
I said no because like most post I do read here I have to understand that one doesn't really needs to acquire several strategies as someone who is starting up instead needs to develop himself to understand more things about that trading before trying to explore different strategy to trade with. However, I don't think it's a solution to newbies rather a kind of distractions making them to lose more at the cause of trying to adopts more techniques to succeed.

What do you think, is that question okay as you know and have your knowledge towards trading?

One of the common questions of the newbies in crypto is how they can earn a lot of big money instantly by investing in crypto and even in trading we know how social media so powerful with their advertisements, and promotional statements come from known people but in reality, after they joined is this is not that easily you need to give a lot of effort, engagement, knowledge, and skills. Good for the newbie today because they now have a different platform supporting paper trading which they can now try their new strategy, analyze the market, and make real-time trading with the demo account so they don't need to get bothered even if they lose their trade. Still, of course, its hit differently once you already experienced it in real live trading because you now risk your money and emotions, and your analysis will contradict if the market is against your set-up.

Realistically trading isn't that easy be it having lot strategies or few, the main points is to always know what they are doing because with the mindset that they had already established when they think immediately they joined trading profits follows immediately. Things do no longer work that way because it requires lots of time and patient to excell while trading Even though they have lot of strategy already, though some may have just only one or two but still make out good rewards from it and it's mostly from a professional trader and not newbie.

On a very simple note, I think trading is not as difficult as most people think and the strategies are so many to use but the ability of the trader to recognize and make use of the right trading strategies when going into any trading is the most difficult thing in trading. Having a good mindset and a profit oriented attitude when going into trading is not a bad thing because trading with fear and the anxiety of thinking that you can't get profit will make the trader to encounter losses because he's going to use fear to do the wrong things instead of doing things right.

To escape losses in trading the trader should pay money to learn from an experienced profitable trader gaining knowledge from a good trader will also see the learner to have good experience in taking profits more than losses.

GeorgeJohn

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Some persons just invest in cryptocurrency neither bitcoin or any altcoins, and but they make profit during the process of investing on such crypto, so what I need most is that, cryptocurrency investment some persons do have the luck to invest and make profit by meeting bullrun, so their is no special strategy someone can apply except that you're in a signal groups, because in signal groups they are the one that give you coins that can increase in price or unknow coin that can have future, so if you follow the description of signal group, it can be your own strategy to know good coins to invest and during bullrun you can make a profit.

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Quote from: Peanutswar on November 06, 2024, 08:04:53 AM

Quote from: Adbitco on November 03, 2024, 04:50:12 PM

Straight up answer:
I said no because like most post I do read here I have to understand that one doesn't really needs to acquire several strategies as someone who is starting up instead needs to develop himself to understand more things about that trading before trying to explore different strategy to trade with. However, I don't think it's a solution to newbies rather a kind of distractions making them to lose more at the cause of trying to adopts more techniques to succeed.

What do you think, is that question okay as you know and have your knowledge towards trading?

One of the common questions of the newbies in crypto is how they can earn a lot of big money instantly by investing in crypto and even in trading we know how social media so powerful with their advertisements, and promotional statements come from known people but in reality, after they joined is this is not that easily you need to give a lot of effort, engagement, knowledge, and skills. Good for the newbie today because they now have a different platform supporting paper trading which they can now try their new strategy, analyze the market, and make real-time trading with the demo account so they don't need to get bothered even if they lose their trade. Still, of course, its hit differently once you already experienced it in real live trading because you now risk your money and emotions, and your analysis will contradict if the market is against your set-up.

Realistically trading isn't that easy be it having lot strategies or few, the main points is to always know what they are doing because with the mindset that they had already established when they think immediately they joined trading profits follows immediately. Things do no longer work that way because it requires lots of time and patient to excell while trading Even though they have lot of strategy already, though some may have just only one or two but still make out good rewards from it and it's mostly from a professional trader and not newbie.

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Quote from: Adbitco on November 03, 2024, 04:50:12 PM

Well like a question a neighbor asked me today because he knows I deal with bitcoin trading and to what relates with bitcoin. He asked that if he wants to make money from trading does he need several strategy to start up as a beginner?

Different opinions. Here is mine, to make money from Bitcoin trading, you have to master how to win emotion, your analysis should come before your emotions. If you can be able to beat that, then you have master the master art of trading, the rest is how to deal with the market manipulation. For instance, the market is super bullish after the Trump announcement of winning the election, like you can see everyone calling 100k quickly but don't get carried away, the market can do the least you expect.

It's possible for the market to continue on this trend and you might also see a sharp sell later, don't trust other people's judgement but yours alone and you can also be wrong too, the market trend is your friend until the trend completely becomes exhausted.

Topic: Do you think to succeed in the bull market you need to acquire more strategy? - page 3. (Read 1283 times)