Does trading really works? Likely based on guesses

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Quote from: joeperry on April 21, 2022, 10:09:44 AM

Actually you are right about it on guesses since we are not sure whether that prediction of ours will come true or not but the difference is that we are not just randomly guessing but we are using available data that we are going to analyze on what could possibly happened in the market and once we convinced ourselves on what most likely going to happened in the market that's the time we are going to buy or sell.

So for me it's not likely a guessing but predicting based on the analysis and available data.

It is definitely guesses and nothing more, he/you are right. We could find some directions and we could see some stuff, but there is never a guarantee on what will happen and all we could do right now is to make sure that we are on the right side of the prediction game. If we keep on investing at a level where it is not really that much of a big deal, then we are going to end up with a big loss and it is not going to end that well for us at all.

Best case would be to just focus on long term because the prediction is a lot easier there. To predict that bitcoin will be higher in the long term, in a few years, should not be that hard, still not guaranteed but close to being a sure thing.

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Quote from: macson on April 22, 2022, 03:02:07 PM

Quote from: newdevices on April 19, 2022, 05:00:16 PM

trading it can make us rich, but we have to know how risky it is, without us understanding what trading is I'm sure we will not succeed in this field,
Trading is something old, but crypto currency is a new thing, trading in the crypto market Unlike the stock market or forex,
high volatility makes capital disappear quickly, so we have to be careful

Trading that only based on guess will never succeed, mostly only ends in losses. trading in forex, stocks and crypto are very different, even how to analyze crypto price movements will always be difficult. before trading try to deepen your skills and analytical skills so you can minimize losses to the smallest.

You would realize on it itself when you are on the actual situation or condition on which you would really be finding out that trading isnt something that only talks about wild guesses but rather you would really be

needing some good analysis and proper research so that you could able to have better chances or odds on making profitable trades and not just tending to guess out via intuition or gut feeling.
Does trading really works? Yes of course but it wont really be simple as it sounds.

It would be requiring time and effort before you could learn up these skills which would help you on surviving this unpredictable market.

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Quote from: newdevices on April 19, 2022, 05:00:16 PM

trading it can make us rich, but we have to know how risky it is, without us understanding what trading is I'm sure we will not succeed in this field,
Trading is something old, but crypto currency is a new thing, trading in the crypto market Unlike the stock market or forex,
high volatility makes capital disappear quickly, so we have to be careful

Trading that only based on guess will never succeed, mostly only ends in losses. trading in forex, stocks and crypto are very different, even how to analyze crypto price movements will always be difficult. before trading try to deepen your skills and analytical skills so you can minimize losses to the smallest.

aditasetia123

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Quote from: newdevices on April 19, 2022, 05:00:16 PM

trading it can make us rich, but we have to know how risky it is, without us understanding what trading is I'm sure we will not succeed in this field,
Trading is something old, but crypto currency is a new thing, trading in the crypto market Unlike the stock market or forex,
high volatility makes capital disappear quickly, so we have to be careful

no differences in analizing cryptocurrency or forex and stock market,. technical analisys has same chart and indicators that used to predicted price movement. person that said trading could make us rich maybe never felt in loss and panic when looking all price crash hardly like current condition.

Kelvinid

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I guess OP must have to know how trading really works as thinking that trading is only a wild guess, none of these traders will survive, they all absolutely lose.

Quote from: AicecreaME on April 21, 2022, 09:40:32 AM

Guesses are not really applicable in short term trading with a high leverage and small amount of capital. Sometimes, when I'm too lazy to make a technical analysis, I will just gonna look at the graph, looking for a recent dip and if I spot one, I will just gonna enter a long trade in futures with very low leverage and I'll just leave it there. I'm gonna check it after few days if it does make a profit already or not.

I suggest not to do that, it was not a healthy idea. If you are not in the mood, you'd better not go trade coz surely the result was not acceptable.
It is very important to have TA, to have some basis on when to BUY and when to SELL will something gives us a higher chance to make a profit which is very unlikely if we just guess.

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We know that trading is full of market volatility and again it's all about the buyers and sellers we can know is just the pattern with the use of the Technical analysis and keep updated about the crypto world news through this you can keep aware and lessen the possible risk of your investments. Knowledge is the we need to keep make sure to make an ideal and good decision making.

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Quote from: joeperry on April 21, 2022, 10:09:44 AM

Actually you are right about it on guesses since we are not sure whether that prediction of ours will come true or not but the difference is that we are not just randomly guessing but we are using available data that we are going to analyze on what could possibly happened in the market and once we convinced ourselves on what most likely going to happened in the market that's the time we are going to buy or sell.

So for me it's not likely a guessing but predicting based on the analysis and available data.

Exactly, there is a huge difference between a wild or random guess and an educated guess, in the first instance there is no basis for the guess at all and the one making the prediction is just speculating about the direction the market could take, however someone that is making an educated guess has data behind his guess, as it is a guess it is not 100% accurate but as long as it is accurate enough to produce profits over the long term then the trader sooner or later will turn a profit as long as he follows through and invests in the market each time he can make a similar educated guess.

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Actually you are right about it on guesses since we are not sure whether that prediction of ours will come true or not but the difference is that we are not just randomly guessing but we are using available data that we are going to analyze on what could possibly happened in the market and once we convinced ourselves on what most likely going to happened in the market that's the time we are going to buy or sell.

So for me it's not likely a guessing but predicting based on the analysis and available data.

AicecreaME

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Guesses are not really applicable in short term trading with a high leverage and small amount of capital. Sometimes, when I'm too lazy to make a technical analysis, I will just gonna look at the graph, looking for a recent dip and if I spot one, I will just gonna enter a long trade in futures with very low leverage and I'll just leave it there. I'm gonna check it after few days if it does make a profit already or not.

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Quote from: Ziskinberg on April 16, 2022, 05:31:11 PM

Quote from: Johnlomape on April 16, 2022, 01:46:14 PM

I have been seeing people talking and writing about trading like they never made losses showing different techniques the upcoming traders can use to trade and make money. I always see people arguing about strategies, the right chart for a particular trend, where likely the direction of Bitcoin tend go, and so many boring writeup. I keep asking if these so call traders actually makes money from trading. If you guys actually make money from trading then where are the losers?

That apparently was a big lie. Here trading losses are somewhat a part of it, even experts still in the consequences of suffering losses for nobody is perfect. So hearing those unbelievable stories make people think trading is a somewhat a sort of easy money scheme and all the traders had become rich but guess what, many had lost their money.

If you are now in trading and suffering losses, blame yourself not them because you are following them.
We have to clearly understand that trading is not an easy job nor to think that we can be rich instantly.

I guess if we want to trade without getting losses, trading will never work for you. Even the legends in trading still make losses, so most likely losses has always been part of trading eversince. But the good thing in trading, is that you learn from every loss you made and that will hone you to be a good trader, and start to lessen the risk of losing. Traders do sometimes need luck too, but mastery will always be a must.

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Quote from: tvplus006 on April 20, 2022, 08:03:52 AM

Quote from: Johnlomape on April 16, 2022, 01:46:14 PM

why I think trading does not works and it's based on guesses

If you open your positions based only on guesses, it will be like a casino where you can either win or lose. In any case, if you use a trading strategy or patterns that are understandable to you, your chances will be much higher than if you opened your positions unwisely.

Odds would be much higher if analysis and research would be applied and its incomparable with gambling honestly.Trading without any basis or analysis is just simply gambling but since there are only two ways on where

price could actually go then you do have 50% chance whether you would make profits or would have floating negative.So its up to someone personal impression and treatment towards trading.

We do have our own views and perceptions in certain things but success would really vary on how you do deal with it.

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Quote from: Johnlomape on April 16, 2022, 01:46:14 PM

1) 80% of traders are losers. Many do brag on being traders but they don't make money from it.

How do you know 80% of crypto traders are only losers?
You need data from valid research before you state this. Without data from valid research, means you only spread FUDs. To be honest, I even don't know how many losers and how many successful traders are, in crypto. Anyway, if those traders cannot make money from trading, they won't stay and spend their time in crypto. If they can stay a long time, means they successfully earn money from trading.

Quote from: Johnlomape on April 16, 2022, 01:46:14 PM

2) Trading is based on luck: you might be lucky making good profits in trading at the beginning, but later you'll pay for it.

If it happens to you, means you are never serious about learning crypto trading.
Traders who trade based on luck only, are lazy traders. They don't want to improve their knowledge and skills in trading.
There are many types of trading, don't rely on a single way or type of trading. If 1 type of trading doesn't work anymore, just move to another trading type.

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It’s not a must that you’re going to be a trader, it doesn’t work for everyone. I am not even a day trader, rather I prefer to invest money for a long term in the market with plans of selling when the market is bullish and making my profit. Trading didn’t work for me, but long term investment has been working for me.

So, you have just got to do what works for you. I learnt from BusinessInsider.com that about 70% of traders are losing their money, and there are some sites that goes as far as saying the rate of losses in trading is up to 90%. I can’t tell what it is, but one thing for sure is that a lot of people lose money in trading. It’s not easy to do.

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Quote from: Natalim on April 19, 2022, 05:39:08 PM

It has to be known that life in trading is not all about winning, we still have time to lose especially if you are just guessing.
If you could imagine some people keep on trading despite their losses this is because they are still in profit. I understand that many traders suffer more from losing especially newbies but this will not mean that trading doesn't work in general, it depends on the trader itself. Trading really works but not for everyone, that was the truth.

What happens is that people have the wrong idea about trading, they need to think of trading as a marathon in which there are millions of people competing for a very small pool of prizes, this means that only the very best will obtain any prize at the end of the marathon while the rest will obtain nothing and they will waste their time.

So when we think of trading in this way it is easy to see that trading works, but there is a caveat, it only does for a very small minority of traders.

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Quote from: Johnlomape on April 16, 2022, 01:46:14 PM

why I think trading does not works and it's based on guesses

If you open your positions based only on guesses, it will be like a casino where you can either win or lose. In any case, if you use a trading strategy or patterns that are understandable to you, your chances will be much higher than if you opened your positions unwisely.

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Quote from: newdevices on April 19, 2022, 05:00:16 PM

trading it can make us rich, but we have to know how risky it is, without us understanding what trading is I'm sure we will not succeed in this field,
Trading is something old, but crypto currency is a new thing, trading in the crypto market Unlike the stock market or forex,
high volatility makes capital disappear quickly, so we have to be careful

Of course trading can make us rich, many have proven it, but it is not as easy as imagined to become a successful trader. There is a long process
that we must go through first, so for newbies who think trading can make them rich instantly they are wrong. Even professional traders who are used
to trading the stock market and forex, when trying to trade crypto many fail. Because apart from being more complicated crypto trading, the volatile
crypto market is also the reason why it is quite difficult to make consistent profits when trading crypto. But if we can be patient and continue to improve
our trading skills, indeed crypto trading can promise us to make big profits.

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Quote from: Natalim on April 19, 2022, 05:39:08 PM

It has to be known that life in trading is not all about winning, we still have time to lose especially if you are just guessing.
If you could imagine some people keep on trading despite their losses this is because they are still in profit. I understand that many traders suffer more from losing especially newbies but this will not mean that trading doesn't work in general, it depends on the trader itself. Trading really works but not for everyone, that was the truth.

Guessing, speculation and never ending intuition and gut feeling when it comes to price predictions or speculations which i could say a very common kind of behavior or quality that we would be seeing on each trader.
Yes, this isnt something that could give out any assurances but due to experience,knowledge and some tools which you could make use then you could possibly able to handle out yourself that well.
This isnt for everybody though and only who had accepted out on losing money or risk takers are the ones who do really withstand the risk involved for very long time.
You would make money if done right and if not then it goes to opposite.

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It has to be known that life in trading is not all about winning, we still have time to lose especially if you are just guessing.
If you could imagine some people keep on trading despite their losses this is because they are still in profit. I understand that many traders suffer more from losing especially newbies but this will not mean that trading doesn't work in general, it depends on the trader itself. Trading really works but not for everyone, that was the truth.

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Quote from: Johnlomape on April 16, 2022, 01:46:14 PM

1) 80% of traders are losers. Many do brag on being traders but they don't make money from it.

Where did you get the data?

I say that every trader has experienced losses when trading. But why they are still trading? Because they have been gaining more profits than the losses.
Losing in trading is something usual and very normal moreover if we are trading with leverage or in the future market. But, this is the evaluation for us on how to decrease the losses and increase the win on profits. Losses in trading don't mean losers. It will depend on the trader itself.

Quote from: Johnlomape on April 16, 2022, 01:46:14 PM

why I think trading does not works and it's based on guesses

If this is based on guess and luck, this is not trading, but gambling. I ask you, what kind of trading strategy you are actually in? Only guessing? Only based on luck? Oly following other people? SO, that is not trading, that's more to gambling

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