Topic: Don't join trading under pressure (Read 286 times)

Most newbie traders believe that they can earn so much money from trading after watching videos of the influences who share their success stories with them. Those newbies do not understand anything about the market and as a result they lose money by buying shit coins and instead of making any profits they just lock their capital in so called useless coins.

That happens with most newbie traders and no one can teach those traders anything at all. A few days ago one of my friend started trading crypto and his first choice was newly launched Trump coin.

The guy was trying to buy Trump coin at $40 value but I told him to wait a few days as I believe the coin will dump a lot and that happened, but the guy was so much into Trump coin that he invested half of his capital when Trump coin was at $25 and his half capital is still locked as Trump coin is currently below $25.

Although, I told him to be careful from that coin but still he thought the coin can go up a lot in value as it's supported by the president of USA, and in hope he invested half of his capital in that coin. I won't say that Trump coin may not go up in value again but as of this time we can't really say that what's going to be the bottom of that coin.

In simple words when someone doesn't understand trading then that person will end up losing money in it not making anything from it. I told that friend to hold the coin and don't make any similar trades in future. Also I told him to learn the market first before going fully into trading.

Realizing you are under pressure is the most important part which many people do not realize. They think everyone trades because they "need" money, but the reality is that most good traders do not start when they "need" money, they do it when they "want" it.

If you can save enough money which you no longer need, you could use that saved money to trade. That way, if you lose all of it and have zero left of that money, you are still capable of living, it is not your salary, it is not your income, it is nothing and losing that doesn't hurt your regular life. As long as you can end up trading with money that doesn't hurt you when you lose it, then you will make a lot more money when you end up making a profit with it as well.

Yes of course, when trading it's important not to trade under pressure as we know, trading under pressure can or may lead to several losses while trading. It's also advisable to trade when with our normal and usual eyes while trading, yes it's highly frowned when trying to link up trading with a place to generate additional income which is not good to do that the person wouldn't use his right senses to trade for any reason but with the pressure at hand could make lots of mistakes while trading.

Trading with Pressure will only put you under the frustration because normally trading on his own a natural way of frustrating you because the moment you're not getting what you want, you will definitely get frustrated and that is why a  emotional  control Is very important because the moment you can't control your emotion then you have a very big challenge and a very big thing to overcome because a lot of people are still battling and searching for a way to control out the view, especially when they lose money.

Books are always there for people to make consultation, but we are too lazy to want to read books and most secret lies inside the book. Sometimes I think through the Internet of everything that we need is database, but when it comes to book You will see a lot of things you will never find out the Internet. There is always a big difference between a book and the Internet.

The funny thing about trading is that no matter how greedy you are when you come with the mindset of making a lot of money it's as his own way of humbling people because you are expectation will be lower because it will take time before you can meet whatever you're expecting in trading.

Others can trade well and are winners in the market, but you can trade bad and are a loser in the market. A painful fact in the market is majority of traders are losers, not winners.

Why 90% of Stock Market Traders are in Loss?

You can have a lot of money for trading capital and feel like you can test your trading ability mulitple times. It's true but in trading, if you are a bad trader but actively with trading, you can lose your money very fastly.

It's super fast to lose money if you lose leverage or futures trading types. Market liquidations will make your trading capital vapors very quickly.

I agree, someone who's just about to trade because they're under pressure shouldn't trade at all. But can we stop them? no. If they want to throw their money in the market then let them be. This market and the others, there are losers and winners and that's why it's important for someone to understand their situation if they are up for it or not. Don't trade because you've seen others are doing well in trading. Those folks have lost dozens of their time and money, testing and trying their strategies for so many times. We don't even know how many sleepless night and emotional breakouts they have been through. This is what's hard for the people when they see others profitable in what they do, they try to copy it as if it's easy.

Those who rush in trading hoping they could make the biggest profits are clearly doing it with pressures. That's why they end up with a negative outcome, making them lose their funds and regret in the end.

However, those who take their time learning about trading and trade only when they are emotionally, mentally and financially ready, these are the traders that are not trading under pressure. And they have bigger chances to succeed and become profitable on their trades.

Anything done under pressure doesn't yield positive results, it's better to avoid trading if you feel this way. Trading the financial market must be done with a clear mond free of distractions or pressure. Some people trade because they need money urgently for something that's pressing, this can make you lose focus which can lead to a lot of mistakes. Hitting a little percentage when done with risk management can take more than a week because you are trying not to blow your account. Trading is for those that can be patient, disciplined and consistent.

I hear people say that crypto trading is the best way to make fast money and that they want to enroll online to learn, I immediately know that they don't understand how trading works. They are desperately searching for ways to make money online and most times they end up choosing crypto trading because of what they hear on social media, they think that it's very easy. This will make them to be under pressure to want to learn very fast and start, in the end they'll learn from experience that trading is not a piece of cake, it requires patience. I tell a few newbies that they shouldn't be in a hurry to start trading with real money, they're supposed to be mentored by experienced traders that have seen it all.

A lot of people should see that it's always going to be important that research and education go first so that you could really be successful in trading. There's always a starting point, and you really have to have an insight on the advantages and disadvantages of trading when you are doing it. Without knowledge, research, or education about it, you know it would be a disaster and would go with the losses.

You wouldn't be under pressure if you knew what you were doing. I believe it's always going to be education.

Starting to do something that you know nothing about only because you think that you can join others to do the same thing and be profitable is delusional. You don't have to trade futures to make profits like people say because they're looking for people that'll join them in losing. Future trading is risky and not recommended for any newbie. You put yourself under pressure when you start trading future because even the professionals are yet to fully understand how to trade figures without losing. Every time people are losing money more to future because you're risking it more when you go for something that you're yet to understand. Trading spots is very simple and if you're to make a mistake, instead selling out of fear, you can keep hodling your coins and wait for when the market bounces back before you sell.

I once heard a very good idea in trading, if you are ready to enter a trade and you think that this is the best time to do it, then just wait a little longer. The point is that the market always gives another chance to enter lower, I think this is more applicable to medium-term trading, when a trader has to average his positions at a lower price over time, and this also applies more to a bull market, because in a bear market the price can be at the bottom for a very long time.

Yeah I know that but I was referring to those who've justification for being impatient (if at all it's a tenable reason, anyway) to be only those who rely solely on trading without having any other side hustle that generates money for them. As for those who hastily trigger trades without waiting for their setups to hit, we can't call them traders yet. They're just gamblers in disguise. Trading is methodical and laced with emotional discipline.

I want to believe after that sad experience you learnt a valuable lesson that has better repositioned your strategy. Sometimes, we need sch resetting to push us in the right direction.

You are right but though not every cases we can say those that trade under pressure doesn't have source of income because there are people or traders who normally have a plan of trading everyday, so perhaps based on  activities they could not have the time to look around the trading very well before starting a position, so they just enter, however I can relate this to my gambling one certain day, I was very eager to gamble when I no that the league i usually gamble are on break but out of how I want to gamble I just select based on a little comparison of the both and gamble them, so I loss at the end, so it wasn't because of no source of income but it was because of how famish I'm for gambling that day.

Very wrong mindset to have if you will be thinking up this way on which on the time that you do need money and making trading as an option or choice then thats not would really be that too easy to happen. Trading skill isnt something that you can be able to learn in a short span of time on which this will be needing up that intense learning and engagement on which you will be needing that sufficient time. On the time that you are needing money then its not possible that you can make out such thing about earning money or being profitable. It will be taking up soo much time and tons of challenges or trials that you will be able to encounter along the way before you can be able to have a good grasps into it.

When you are trying out to achieve something on the shortest time possible then youre mind will really be that desperate and this isnt something good because on this kind of state then you are really that prone into tons of mistakes because you are trying out to achieve something and not learning up that on well manner because you are rushing up. Being under pressure not only just that limited to trading but also in other stuffs as well. We do know that learning up and specializing it or having that good learning does really takes up a long time before you can be able to do so.

Lots of people "need money now" and they think they can trade to make that happen. Trading isn't something you can do to make sure that you are getting richer, it's just not that way and won't work at all. I am sure that we are going to end up with a much better result if we know our situation can handle a bit of ups and downs, because without volatility the market can't survive and that means if you can't handle volatility which is natural for the market, then you shouldn't trade.

The real sad thing is that we are seeing way too many people who are dealing with bad results at the moment and they end up losing more money than they should, they are already poor, and trying to climb out via trading, that is just not going to work.

Research will not make you lose less without knowledge, but it will help you have a better understanding of the concept of trading that it is only profit that is always made, so when you start losing, it doesn't come as a surprise or as something to discourage you from continuing to make progress with yourself.

Not everyone in cryptocurrency must be a trader; nobody should pressure you into trading when you don't have an interest in it.

Yes, that's true, when someone is learning trading the right way then they learn proper risk management and control over emotions as traders rather than getting influenced by it. Those people who get influenced by their greed and want to get rich within days from trading often end up losing money in it.

They give up on it after losing huge amounts and the biggest mistake that they make is by investing in new coins or meme coins in hope to get 2x to 10x profit within short time and they're the ones who lose 100% within short time instead of making 2x to 10x from trading.

Traders need to know that cryptocurrency trading is somewhat like gambling since you do t know what to predict will be right and one will need to depend on luck to be able to be on the winning side, most time traders believe that trading is an easy thing to do as long as you know how to trade at a low price and also take profits at a high price, but the fact that no one can predict what the direction of the market will be making profits or steady gaining impossible and also shown our weaknesses as being able to predict what the next Price direction will be, so luck becomes our only true companion just like gambling too.

Well, the fact that trading itself is risky, then how much more if the trader also trades under pressure? That would certainly end up messing his own trades and his own funds risk in trading. But in all honesty, no one goes to trading under pressure if he prepares himself well from entering into trading. If the trader prioritized his knowledge first and develop his skills and strategies in trading, then winning trading would not be too hard at all. There would be inevitable losses in the process, but he can find ways on how to lessen and eventually maximize his gains.