Don't be too desperate to make earning - page 9.

john_nautica

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Quote from: geegaw on July 16, 2021, 01:35:02 PM

This can also be another view of the matter, more precisely, we are talking about the objectivity of making money in the short term when in many phases of the market, an uptrend becomes prominent and short-term investment for profit becomes easy, a few more special cases are professional traders with their ability to read charts, using margin mode to make money in the short term. Mainly perhaps this topic is aimed at inexperienced investors and not yet firmly grounded in the concept of trading

Yes. You have explained out precisely the thought of making money in short term, considering market uptrend phases. And maybe you are right too that this is pointing to inexperienced people who are indulging to invest or trade.

Quote from: Obito on July 17, 2021, 06:13:20 AM

For me though, it's not determination that we need but the opposite of despair which is hope. You are right about following the trend but you have to be careful because there's a likely chance that you might be too late in the trend that you will arrive on the dip which leads to you experiencing big losses.

Well, I think we all have our own perspective, and we can call it anything we want to, but I also believe that we have the same thought after all. I cannot disagree with you that with the trends, one must know how to read the charts and other indicators, to be able to analyze the market situation and come up with a good decision.

molsewid

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Quote from: Obito on July 17, 2021, 06:13:20 AM

For me though, it's not determination that we need but the opposite of despair which is hope. You are right about following the trend but you have to be careful because there's a likely chance that you might be too late in the trend that you will arrive on the dip which leads to you experiencing big losses.

A wise trader and investor make a good profit the time he decided to put an amount of investment in a certain things he choose to make as its investment because as a trader we don't just jump in to join and follow the crowd because we know how to read and background check the project and sophisticated to check if its a worth it project. Trading in cryptocurrency is not easy but I know that we can be a good trader if we wouldn't fail to feed our mind about this platform.

Karish2return

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As it is simply clear that making money is not that easy it takes some time, you have to face some obstacles and also many of the roads will desperate you but it doesn't mean you have to loss hope. We have to try again with a different method and some other possible strategies. This is probably help us.

Obito

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Quote from: john_nautica on July 16, 2021, 12:03:53 PM

Quote from: Obito on July 16, 2021, 10:24:58 AM

~snip

I would have to disagree with OP too. Short time trading can bring profits too if a trader knows how to handle and make wise decision. Also, going with the flow of the trend can be such a huge opportunity to make money in just a short span of time. Desperation in making a living can come at a cost of making unnecessary and bad decisions because of too much eagerness. So, determination is what we must all possess instead of mere desperation.

For me though, it's not determination that we need but the opposite of despair which is hope. You are right about following the trend but you have to be careful because there's a likely chance that you might be too late in the trend that you will arrive on the dip which leads to you experiencing big losses.

jostorres

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Quote from: gabbie2010 on July 16, 2021, 01:02:23 PM

I think some traders fail to earn profits on short term trading because they don't have the knowledge and skills to do so whereas there are other experience traders who trade on short term basis and are making profits consistently especially those that scalp using high leverages on future trading, this style of short term trading is not meant for everbody especially newbies who want to become rich quickly or overnight. Traders suppose to research the type of trading that will fit their style either long term or short term, I will advise newbies to opt for long term trading so as to have enough time to analyze their charts and steady movement of prices in higher time always quarantee profits if the trader is patience and avoid greediness.

Indeed! Although I must say scalping is quite a dangerous proposition. Recently when the market went down and fast, people scalping on leverage were sweating because they either have to put more money into their trading wallet to avoid the loss or just accept the loss directly.

Being desperate to earn money in itself has problems and when you are desperate in trading to earn, you already are more likely gambling with your trading decisions.

Short term or long term, one must have a clear vision on how they plan things and what they are going to achieve doing it. If you have a clear path and you even make a few mistakes, at least you learn. If you are desperate for making money and make mistakes, you get more desperate instead of learning anything.

unusualfacts30

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Making earning with cryptocurrency is very beneficial for anyone who is just getting into trading. There is a lot of profit to be made as long as you use TA and profit is earned by constantly developing your trading skills and learning where to place order and stop selling. Correct entry is undervalued topic to talk about and that is one of the most important thing to learn while trading. As long as your entry is close to perfect, you will make money in cryptospace.

dothebeats

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Most people are eager to make bank with cryptocurrency and trading without even realizing that it takes time before one can familiarize himself/herself on which investments are good to take, how to calculate risk/reward ratio, and when to stop for the mean time and calling it a day. I've been with crypto for a lot of years now, and I still can't say that I mastered trading since there are still a lot of things to learn in this field. You need to accept some losses and some wins and be comfortable with the market and how it goes.

awik p

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Quote from: rodskee on July 16, 2021, 10:04:59 PM

Quote from: tulusikhlas on July 16, 2021, 02:35:13 PM

talk about making money everyone will not despair. because the first rule is money becomes an important allowance in carrying out life and buying daily necessities.
when he feels he is not currently making money in crypto, he will look for money elsewhere. crypto is only an alternative, and not all alternatives give satisfactory results.

and to achieve big profits, need to sacrifice time, energy, thoughts and capital.

Desperation is sometimes normal in every investors specially when time comes that in badly needed the funds but the capital is dropping or not functioning well.

this will end up the Player will need to sell Low or even at losses.

and besides many of us had already experience this though let us not live with it, losing is normal sometimes but if this happens all the time/ then find other place because this is not for you.

I also experienced it, at the beginning of this year, where I still have some ethereum. but out of necessity, I sold it without any leftovers, and in the months ahead, I saw a bullrun happening. if I wish, maybe now I have a lot of money, but that's the decision and the conditions, we can't do much, maybe it's just that

ethereumhunter

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Quote from: Gozie51 on July 16, 2021, 02:04:24 PM

Quote from: ethereumhunter on July 16, 2021, 01:48:28 AM

If traders can calm down in trading and not thinking about the profit, they will see their chance to continue trading or need to leave the market for a while. Maybe this time is a good time to buy coins but to make sure, you need to analyze more.

But there is no way that someone will not think of profit even when hodling some coins. Trading is difficult but to hodl is easier and you can still wish for profit because that is the essence of hodling the coin. Only to say that many people are greedy to expect very high profit when price have even gone high they still hodl until bear drops it down to nothing and they go complaining while wise ones sell off to buy from low.

Thinking about profit is not wrong but they need to see the reality about what happened to the market. If the market does not have a good movement like a few days or weeks before, they do not have to force to make a big profit. Making a small profit will be good because they still make money and when the market starts a good move, that will be their time to search for a big profit. That is calm down and can adapt to the current market situation. The hold is not easy as I see many of my friends end up selling their coins at loss. Greediness is one thing that we must prevent and that will make people still hold their coins because they want to get the biggest profit.

rodskee

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Quote from: tulusikhlas on July 16, 2021, 02:35:13 PM

talk about making money everyone will not despair. because the first rule is money becomes an important allowance in carrying out life and buying daily necessities.
when he feels he is not currently making money in crypto, he will look for money elsewhere. crypto is only an alternative, and not all alternatives give satisfactory results.

and to achieve big profits, need to sacrifice time, energy, thoughts and capital.

Desperation is sometimes normal in every investors specially when time comes that in badly needed the funds but the capital is dropping or not functioning well.

this will end up the Player will need to sell Low or even at losses.

and besides many of us had already experience this though let us not live with it, losing is normal sometimes but if this happens all the time/ then find other place because this is not for you.

Issa56

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Seriously you are really correct with your write up I believe if you are not really in a rush to make money then you are good to go but if you just want to buy coin then in few days you are expecting massive profits that's really bad if you are really expecting a hug money within a short period of time in Cryptocurrency you might endup losing your money but I believe if you are having patience then you will definitely get to your target.

Distinctin

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Quote from: sheenshane on July 16, 2021, 01:05:45 PM

All I can suggest here is don't be harsh in making money in trading if you don't have enough skills on it, I prefer to have an investment in the long term for the less risk but of course, not the same potential of gaining profit. Knowing the fact that trading isn't a game or a job but it's a sort of gambling that anytime your money will wipe out in just a matter of a short period of time.

yeah, we have another option to make money out of crypto, why we should have to force ourselves into a thing that we are incapable of doing it. We are not just losing our money but we are also compromising our comfort. If we are not good at trading, then we have a choice to find another, maybe outside of crypto.
To find a job or to invest in the stock market. It is very important to live in our comfort zone and we are happy to work with.

dunfida

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Quote from: Gozie51 on July 16, 2021, 02:04:24 PM

Quote from: ethereumhunter on July 16, 2021, 01:48:28 AM

If traders can calm down in trading and not thinking about the profit, they will see their chance to continue trading or need to leave the market for a while. Maybe this time is a good time to buy coins but to make sure, you need to analyze more.

But there is no way that someone will not think of profit even when hodling some coins. Trading is difficult but to hodl is easier and you can still wish for profit because that is the essence of hodling the coin. Only to say that many people are greedy to expect very high profit when price have even gone high they still hodl until bear drops it down to nothing and they go complaining while wise ones sell off to buy from low.

Hold is easy but several factors would affect;

-Emotion
-Impulsive decision because of sudden situation changes.
-Desperation
-Impatience

You should get rid because this is the hardest part even just on holding.

Cherylstar86

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Quote from: tulusikhlas on July 16, 2021, 02:35:13 PM

talk about making money everyone will not despair. because the first rule is money becomes an important allowance in carrying out life and buying daily necessities.
when he feels he is not currently making money in crypto, he will look for money elsewhere. crypto is only an alternative, and not all alternatives give satisfactory results.

and to achieve big profits, need to sacrifice time, energy, thoughts and capital.

What if those sacrifices will turn out to nothing as we aim for profit in crypto, like what's going on today we can't have the assurance while market has no good outcome. Sacrifice is just an option by virtue of no choice, because you can't dump your holdings because of lower valued asset. While we see btc was on bloody market, altcoins also suffered much.

TelolettOm

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I agree with the statement of being patient when going into this crypto market and not being hurried up when in this market because it will drive the panic situation and also decision.
Trading doesn't also only need patience but also smart and wise decisions, the right strategy based on the current market.

But, I don think so about this:

Quote from: Masplanc on July 15, 2021, 11:04:14 AM

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 , ..... short time trading don't pay much

This is not always going so. Long-term investment or what we can say as holding may indeed provide high profits. But this also has a high risk too. Moreover, we must really not use the money for a long period of time, at least 5 years or more.
And who said trading did not provide high profit?
Look at the laily traders. Daytrade also provides high profits as long as we can manage our funds, strategy, and also control our emotions in trading. Because daytrade requires patience, tenacity, policy, intelligence in reading the market every time. And this can also produce a lot of profit.

If in my opinion, the key is not on how long we saved the coin. But how good the coins we take, how effective and exactly the strategy we use, and how good we take risk management, funds, and emotion.

tulusikhlas

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talk about making money everyone will not despair. because the first rule is money becomes an important allowance in carrying out life and buying daily necessities.
when he feels he is not currently making money in crypto, he will look for money elsewhere. crypto is only an alternative, and not all alternatives give satisfactory results.

and to achieve big profits, need to sacrifice time, energy, thoughts and capital.

Gozie51

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Quote from: ethereumhunter on July 16, 2021, 01:48:28 AM

If traders can calm down in trading and not thinking about the profit, they will see their chance to continue trading or need to leave the market for a while. Maybe this time is a good time to buy coins but to make sure, you need to analyze more.

But there is no way that someone will not think of profit even when hodling some coins. Trading is difficult but to hodl is easier and you can still wish for profit because that is the essence of hodling the coin. Only to say that many people are greedy to expect very high profit when price have even gone high they still hodl until bear drops it down to nothing and they go complaining while wise ones sell off to buy from low.

geegaw

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Quote from: john_nautica on July 16, 2021, 12:03:53 PM

Quote from: Obito on July 16, 2021, 10:24:58 AM

Hate to disagree but short time trading can make you money if you are patient enough to watch the price movement everyday, I think that you will be able to make money out of it. Of course you are right that we shouldn't be desperate about making an earning since there's a likely chance that you might mistake in your haste to make a profit but saying you can't earn in such a short time isn't really true.

I would have to disagree with OP too. Short time trading can bring profits too if a trader knows how to handle and make wise decision. Also, going with the flow of the trend can be such a huge opportunity to make money in just a short span of time. Desperation in making a living can come at a cost of making unnecessary and bad decisions because of too much eagerness. So, determination is what we must all possess instead of mere desperation.

This can also be another view of the matter, more precisely, we are talking about the objectivity of making money in the short term when in many phases of the market, an uptrend becomes prominent and short-term investment for profit becomes easy, a few more special cases are professional traders with their ability to read charts, using margin mode to make money in the short term. Mainly perhaps this topic is aimed at inexperienced investors and not yet firmly grounded in the concept of trading

sheenshane

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Trading isn't easy to make a profit we know that thing because the market is unpredictable and I think there's no such rules to follow as long as you have a trading plan you have the potential to gain profit in the market. Those consequences might occur unknowingly so you must be prepared for it whatever happens, instead, learn those mistakes and don't let will happen again.

All I can suggest here is don't be harsh in making money in trading if you don't have enough skills on it, I prefer to have an investment in the long term for the less risk but of course, not the same potential of gaining profit. Knowing the fact that trading isn't a game or a job but it's a sort of gambling that anytime your money will wipe out in just a matter of a short period of time.

gabbie2010

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Quote from: Obito on July 16, 2021, 10:24:58 AM

Hate to disagree but short time trading can make you money if you are patient enough to watch the price movement everyday, I think that you will be able to make money out of it. Of course you are right that we shouldn't be desperate about making an earning since there's a likely chance that you might mistake in your haste to make a profit but saying you can't earn in such a short time isn't really true.

I think some traders fail to earn profits on short term trading because they don't have the knowledge and skills to do so whereas there are other experience traders who trade on short term basis and are making profits consistently especially those that scalp using high leverages on future trading, this style of short term trading is not meant for everbody especially newbies who want to become rich quickly or overnight. Traders suppose to research the type of trading that will fit their style either long term or short term, I will advise newbies to opt for long term trading so as to have enough time to analyze their charts and steady movement of prices in higher time always quarantee profits if the trader is patience and avoid greediness.

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