Don't be too desperate to make earning - page 7.

Fredomago

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Quote from: so98nn on July 29, 2021, 09:02:22 AM

Deep thoughts! Never believe your angry mind or greedy mind it can cause big loss and this has been proven many times. People keep sharing there stories about loosing the mind while crypto trading and this forum is big enough to find such stories. I think even new person should not start trading right away before they read through experience like the one in this OP.
It’s always better to crunch the numbers before entering this volatile market. The thread replies is enough to understand the whole point here.

No doubts that with both emotions things won't workout well with your trading/investment, clear mindset provide enough patience and good assessments to expect how the market will help to pick the right place to favor your side. Keep in mind that if you keep the positiveness upon you stress won't triggered anything to hurt your investment.

Check your self first and always be aware with how emotions swing you up before engaging to this business, it always best to go slow and have that patience beside you while learning how to run the business the right way.

Sanugarid

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Despair is the worst thing that can happen to you, remember that when you are feeling that, you will end up with nothing but bad results because desperate measures leads to results that were created due to hasty decisions. Greed can cause desperation so be self aware and be self accepting when falws in you presents themselves.

so98nn

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Deep thoughts! Never believe your angry mind or greedy mind it can cause big loss and this has been proven many times. People keep sharing there stories about loosing the mind while crypto trading and this forum is big enough to find such stories. I think even new person should not start trading right away before they read through experience like the one in this OP.
It’s always better to crunch the numbers before entering this volatile market. The thread replies is enough to understand the whole point here.

arwin100

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Jack of all trades 💯

Quote from: ?? on ??

sometimes someone's skill is different. some are already good at generating profits quickly and some are not yet panda so it takes a lot of time. but after all the time we need we must be smart to continue to be able to try to manage time management well, because in trading every hour the trading pattern in the market is different and we have to adjust to market conditions

We have different personalities that's why we have different takes in any decision we made that's why if we see a discussion the same like this we can always see that everyone of us have different opinion on some matters. But what matter the most here is as long as we are earning fast or slow its still a good progress. I don't really believe on patterns but I'm more in experience since sometimes the one we study will not show and those crucial incident are the one came so we need to have experience on this to spot on possible result on next time around so that we can earn with it.

rosebrand

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Literally patience is one of the key to success, so being patient in the right trade will surely pay off and truly always being anxious of how much profit one can earn from a trade can make a trader take the wrong decision because he will always be in a rush to jump in at any opportunity he sees without evening making some strategies, tryna think of how much you could possibly loose from a trade will kill that haste and make u calm down to take reasonable trades with good risk management.

ChrisPop

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Each trader has its own personality and thus has distinct relative performance on different trading timeframes.

A trader who is consistently profitable on a intra-day timeframe might not be able to generate profits when trading on a daily or weekly timeframe. It's all a mixture between personality, experience, strategy and skills.

fullhdpixel

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Quote from: guydin on July 24, 2021, 07:25:58 AM

We should take our time as it can work for us. According to different calculations, fast trading is always less profitable and includes more losses than long-term investment . It also applies to the stock market, for example. When you don’t rely on emotions and just follow your long-term strategy you will earn much more and experience fewer risks.

I have been in stock market longer than 13 years now and I have made some "decent" return, my average is about 12% a year which is not awesome but not horrible neither, it is at least better than the market average during the same period, I was at around 16% before pandemic but this year I have lost way too much and just wanted to get out and go into crypto full time which is a wonderful move, even though stocks recovered, it didn't go up as much as crypto did and I made a lot better profit here.

Whereas I have been in crypto for 8 years and I kept on depositing and withdrawing so I do not have exact number, but I can say that I made over 100% annually because I actually made more than 3x in the past 3 years, I am very glad that I invested during the bear run during 2018 because it allowed me to make a lot more money these days when the price is so high.

blockman

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Quote from: seramania on July 24, 2021, 06:30:07 AM

even said a professional trader in trading requires a minimum of 1 year for us to be able to analyze how smooth our trading is.

There are fast learner traders that can learn how to trade smoothly within less than a year but I think having that experience for a year, that will make you aware of the sides of trading. A lot of tests have been made and experiences will make you grow through time.

Quote from: seramania on July 24, 2021, 06:30:07 AM

because in trading requires a lot of evaluation and set a good strategy technique. so I think don't despair if the profit doesn't come quickly, stay focused and enjoy the process

That's right, enjoying the process is the way to prolong yourself in trading. Being prepared with equipped experience and strategy, you don't have to be desperate as you've been through the process, making money as you trade will come naturally.

guydin

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Quote from: Masplanc on July 15, 2021, 10:04:14 AM

Trading cryptocurrency aren't for kid's , it's for people with matured mind. Going into cryptocurrency trading , one have to build up is mindset to be patient to trade for a long time. One of the problem that affects traders during trading is that they think so fast to make profits . Trading cryptocurrency for a very short time always is not the best as a trader . Successful traders I have come across go into longtime investment , trading is not just acquiring cryptocurrency but trading comes from the mindset. If the mind is not on positive direction it can result to bad outcomes. And at this point now that the cryptocurrency price is low it's best time to go into longtime trading that will yield good profits in time to come.
So, do not be too hasty to make profits , short time trading don't pay much

I can't agree more. We should take our time as it can work for us. According to different calculations, fast trading is always less profitable and includes more losses than long-term investment . It also applies to the stock market, for example. When you don’t rely on emotions and just follow your long-term strategy you will earn much more and experience fewer risks.

Distinctin

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Quote from: seramania on July 24, 2021, 06:30:07 AM

even said a professional trader in trading requires a minimum of 1 year for us to be able to analyze how smooth our trading is. because in trading requires a lot of evaluation and set a good strategy technique. so I think don't despair if the profit doesn't come quickly, stay focused and enjoy the process

The best factor is the experience, it's the major thing that would help you succeed as a trader. Yes, you might be good in theory because you read all the books in trading 101, etc, but it's not always applicable in actual practice and experience would really make you mature and smarter in making the right decision.

seramania

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even said a professional trader in trading requires a minimum of 1 year for us to be able to analyze how smooth our trading is. because in trading requires a lot of evaluation and set a good strategy technique. so I think don't despair if the profit doesn't come quickly, stay focused and enjoy the process

Cherylstar86

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Quote from: Hypnosis00 on July 22, 2021, 06:01:15 PM

Quote from: Smartvirus on July 22, 2021, 03:18:18 PM

Trading itself isn't a child's play. It takes a lot of discipline to be a trader. The kind that, most persons lack and it can make you go crazy when you try and try, ensuring that what your putting in is your best and yet, its not going your way. What could simply be wrong here is discipline. You become so consumed about how much money you intend to make at a particular time frame that you forget to understand understand it is in someone else's lose that you make gains and that someone is some other trader that is also expecting some profits from his or her trading positions. Mind you, there is a lot of professionalism about it and as such, you don't just jump in and start calculating profits, you should be ready for some loses too and how to keep calm about it.

New traders usually never think about losses but probably they are only calculating their profit. In their mind is focused on how to get money from trading and so very unfortunate that they forgot the volatility of the market making them lose easily. It was their mistake why they had come in here and do trading without knowledge and skills about this. It wasn't a surprise that most of these people will lose as they never know what to do next.

There's always a risk not only in trading but also on the other investments as well. Newbies don't really think how they loses their huge profit due to lack of knowledge and they are not that patience to wait for the right time. Having desperate attitude always tend to exist depending on how your funds will work out in trading. Trading is not a game, you need to have enough knowledge, need a research skills to understand everything. Some who lose profit are those newbies. It was their mistake since they didn't even follow some advices and they enter here without any knowledge about it. If they might really interested in trading, they must need to learn everything first next time.

hahay

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Some of them get into cryptocurrency trading and investing just to make a quick profit but sadly, most of them fail too. How not, they enter when the uptrend is about to end which makes them panic and sell it immediately because they have no knowledge of long-term investing. Well, basically they can't just follow friends or other people who have gone through a long process to make a profit, they should be more aware of the process so they are ready to be patient longer to get a profit.

Xinarae*

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Activity: 1414

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You have to earn consistent with your own capital if you would like to earn more everything are going to be lost if whales affect the market. If you trade with a target you get curious about the trade but the interest isn't so good that you simply will trade with risk otherwise you are going to be wanting to meet it but yes if you trading with a target that i'm proud of numerous dollars per month then you'll trade accordingly but you can't trade with any quite risk to satisfy the target. If you trade this manner you'll definitely benefit.

Boov

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Having desperate attitude always tend to exist depending on how your funds will work out in trading. These days of bearish market, we needed to consider many possibilities that made your asset too slow to gain profit. While you're still struggling to earn better earnings, entire marketplace price fluctuations remain stable.
Unpredictable signs hasn't yet revealed for now, waiting and patience is our very best keys.

imstillthebest

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Quote from: onecall123 on July 22, 2021, 09:56:49 AM

Depending on the situation. What is your strategy? If you're trading like shit, hodling must be appropriate to you.

or we can disregard the situation but only depend in our strategy because there are traders that can trade according to their strategy and not by the situation .
there are traders that trade for short term but i dont think they dont have a patience to wait but maybe they only got more experience and they want to use every opportunity that they see .

milewilda

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Quote from: jostorres on July 23, 2021, 02:06:22 PM

Quote from: Masplanc on July 15, 2021, 10:04:14 AM

Successful traders I have come across go into longtime investment , trading is not just acquiring cryptocurrency but trading comes from the mindset. If the mind is not on positive direction it can result to bad outcomes. And at this point now that the cryptocurrency price is low it's best time to go into longtime trading that will yield good profits in time to come.

Yes, there is the possibility of trading cryptocurrencies short term, but even at that you still need the mindset and to understand that there is risk, that you’re not going to be making profit all the time. And one thing about being a day trader is that you will have to be spending time in front of your screen to figure out where the market is heading next.

Though I have also seen people making use of bots, but I don’t know how reliable those bots can be. As for long term, you don’t have to do much, just buy when the market is very low and then you start to hold and wait for the right time to sell. Now that the market is down, anyone that buys and hold for a long time is sure going to make profit when the market goes up in future.

There's always a risk not only on cryptocurrency market but on other investment as well.Desperation would really led to mistakes because you would be doing such actions without any basis
and due to desperations then those actions would really be done.This is a common newbie move but as we do gain experience then we would really be that meticulous into our actions
later on since we had already experience on how we've been dumped down by the market.This isnt something that anyone could really dive in without any preparation
nor even realizing on how this market works or moves.

jostorres

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Quote from: Masplanc on July 15, 2021, 10:04:14 AM

Successful traders I have come across go into longtime investment , trading is not just acquiring cryptocurrency but trading comes from the mindset. If the mind is not on positive direction it can result to bad outcomes. And at this point now that the cryptocurrency price is low it's best time to go into longtime trading that will yield good profits in time to come.

Yes, there is the possibility of trading cryptocurrencies short term, but even at that you still need the mindset and to understand that there is risk, that you’re not going to be making profit all the time. And one thing about being a day trader is that you will have to be spending time in front of your screen to figure out where the market is heading next.

Though I have also seen people making use of bots, but I don’t know how reliable those bots can be. As for long term, you don’t have to do much, just buy when the market is very low and then you start to hold and wait for the right time to sell. Now that the market is down, anyone that buys and hold for a long time is sure going to make profit when the market goes up in future.

Hypnosis00

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Quote from: Smartvirus on July 22, 2021, 03:18:18 PM

Trading itself isn't a child's play. It takes a lot of discipline to be a trader. The kind that, most persons lack and it can make you go crazy when you try and try, ensuring that what your putting in is your best and yet, its not going your way. What could simply be wrong here is discipline. You become so consumed about how much money you intend to make at a particular time frame that you forget to understand understand it is in someone else's lose that you make gains and that someone is some other trader that is also expecting some profits from his or her trading positions. Mind you, there is a lot of professionalism about it and as such, you don't just jump in and start calculating profits, you should be ready for some loses too and how to keep calm about it.

New traders usually never think about losses but probably they are only calculating their profit. In their mind is focused on how to get money from trading and so very unfortunate that they forgot the volatility of the market making them lose easily. It was their mistake why they had come in here and do trading without knowledge and skills about this. It wasn't a surprise that most of these people will lose as they never know what to do next.

Smartvirus

legendary

Activity: 1554

Merit: 1139

Trading itself isn't a child's play. It takes a lot of discipline to be a trader. The kind that, most persons lack and it can make you go crazy when you try and try, ensuring that what your putting in is your best and yet, its not going your way. What could simply be wrong here is discipline. You become so consumed about how much money you intend to make at a particular time frame that you forget to understand understand it is in someone else's lose that you make gains and that someone is some other trader that is also expecting some profits from his or her trading positions. Mind you, there is a lot of professionalism about it and as such, you don't just jump in and start calculating profits, you should be ready for some loses too and how to keep calm about it.

Topic: Don't be too desperate to make earning - page 7. (Read 1434 times)