Focus on the trading process not the money

Aleister Crowley

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Quote from: Rahar02 on May 04, 2017, 07:35:02 AM

Newbie traders always looking for more profit, focus on how to get at least their capital return.
But, Op has mentioned how trading could consider as mind-game playing probabilities, strategy and risk management.
But, strategy for newbies seems like a false promise without any explanation and evidence. However, experiences will teach you how to make profit from doing trading, it's a game of loss and profit at the right time.

Not just a beginner, sometimes I am more concerned with results than processes, more concerned about money than how I trade well for good results. It's because we can not manage emotions, trade is a thing that requires patience, because a good process will lead to good results. If you more care with money, maybe you'll be easier to make mistakes because you do not think about strategy during trading process, ..

Sled

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Quote from: Angel777 on May 12, 2017, 08:08:41 PM

Simply because as we trade from time to time is an expansion of your effort.
As we work harder and having an effort and focus on what you do surely you gain much.
If you do your work seriously money will follow.
If you seek your work as a priority.I beleive that money will over take me.

Yes i agree with that, work hard and just focus to the task or work that you are doing and keep improving yourself to make the best out of it and if you do that constantly then you will surely earn the money because it is like having a passion which you give all your best and focusing on the process instead of money will give you the best income.

Angel777

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Simply because as we trade from time to time is an expansion of your effort.
As we work harder and having an effort and focus on what you do surely you gain much.
If you do your work seriously money will follow.
If you seek your work as a priority.I beleive that money will over take me.

Intersan

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Quote from: Idrisu on April 28, 2017, 10:17:41 AM

Successful trader do not focus on profits from beginning but after trading become part of them. If you have being following trade thus you will find out that trading both in bitcoin, altcoins and forex take a lot of diligent, hard work, commitment and intelligent. No one has ever predict assets prices movement consistently but a lot of both loss and profit for you to really succeed in the long run.

Yeah, a good trader depends there successful in their profit and that the reason why we need to focus on the flow of bitcoin market which is the process. It will be the guide for every trader to avoid mistakes for the successful. Every process or steps for trading is every important if we miss one of them it cause problem but we can make a solution, it will result to slow progress.

Like an algorithm, the procedures are needed to be properly executed to avoid failure.

freedomno1

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Quote from: Idrisu on April 28, 2017, 10:17:41 AM

Successful trader do not focus on profits from beginning but after trading become part of them. If you have being following trade thus you will find out that trading both in bitcoin, altcoins and forex take a lot of diligent, hard work, commitment and intelligent. No one has ever predict assets prices movement consistently but a lot of both loss and profit for you to really succeed in the long run.

That usually works but in the alt-coin market new ground seems to be breaking on alt-coins across the board that are inconsistent with previous historical patterns so it is also important to try and be cautious when it hits new peak prices. The question really is trying to keep your margin stable to cover until it crashes if you short or when to cut losses if needed on long positions it's an interesting time now though for trading.

sotoshihero

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Quote from: onrise on May 06, 2017, 09:53:17 PM

It is very well pointed out that if one understand the nuances of trading and can predict the future through charts, knowledge, economics , various global factors that could affect the trading of anything will actually help you automatically earn money.

Once you master the process of doing it money will follow.

I think you just familiarized and be updated always with this market movement. This will aid you in making decisions whether to buy or sell. Being updated and knowledgeable where the market is going, then its a time that you'll be raking more money coming in.

onrise

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It is very well pointed out that if one understand the nuances of trading and can predict the future through charts, knowledge, economics , various global factors that could affect the trading of anything will actually help you automatically earn money.

Once you master the process of doing it money will follow.

Supercrypt

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Quote from: Wintersoldier on May 06, 2017, 11:24:55 AM

Quote from: Idrisu on April 28, 2017, 10:17:41 AM

Successful trader do not focus on profits from beginning but after trading become part of them. If you have being following trade thus you will find out that trading both in bitcoin, altcoins and forex take a lot of diligent, hard work, commitment and intelligent. No one has ever predict assets prices movement consistently but a lot of both loss and profit for you to really succeed in the long run.

Well said. It is good for others to learn to appreciate the value of hard work and strategy when it comes on earning bitcoin especially on trading. Because through this you can manage to focus on handling your trading in a good and wider scale. If you are going to trade, you will need to be open on waiting for a better decision making whether to hold or to sell. You will also need to monitor the price so you can know if its better to hold or sell. That it and give your dedication and do your best for a better trading.

While finding difficulties in trading, I guess all the traders will be learning all these over time. Because they will be needing to focus on analysis rather than just dreaming about how much they will be making from trading. Trading without reasons will never find good results and finding reasons will be possible when we are caring about how to trade properly.

Wintersoldier

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Quote from: Idrisu on April 28, 2017, 10:17:41 AM

Successful trader do not focus on profits from beginning but after trading become part of them. If you have being following trade thus you will find out that trading both in bitcoin, altcoins and forex take a lot of diligent, hard work, commitment and intelligent. No one has ever predict assets prices movement consistently but a lot of both loss and profit for you to really succeed in the long run.

Well said. It is good for others to learn to appreciate the value of hard work and strategy when it comes on earning bitcoin especially on trading. Because through this you can manage to focus on handling your trading in a good and wider scale. If you are going to trade, you will need to be open on waiting for a better decision making whether to hold or to sell. You will also need to monitor the price so you can know if its better to hold or sell. That it and give your dedication and do your best for a better trading.

gabmen

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Quote from: Holly-Dolly on May 04, 2017, 11:39:46 PM

Quote from: Rahar02 on May 04, 2017, 07:35:02 AM

Newbie traders always looking for more profit, focus on how to get at least their capital return.
But, Op has mentioned how trading could consider as mind-game playing probabilities, strategy and risk management.
But, strategy for newbies seems like a false promise without any explanation and evidence. However, experiences will teach you how to make profit from doing trading, it's a game of loss and profit at the right time.

Trading on the stock exchange is not an easy business, but at the same time beginners start a location that they should be doing. Apparently therefore there are so many failed projects.

I couldn't agree more. with all the things that you have to consider to making a good trade, of course there will be a stage where you will be making the most mistakes and that is when you're just starting to trade. that's why when you're at this stage, its advisable to start with small capital just to get the feel of the process. don't think about the earnings yet because that will come in time when you're already knowledgeable

el kaka22

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Quote from: jovs on May 05, 2017, 11:56:19 AM

Trading requires knowledge about the overall process of its cycle. And to be able to have the idea on how to use it in practice or actual doings.

To get good results from trading, we must have enough skill to trade profitably. People who are jumping into trading without getting ready themselves finding hard time to protect their capital. But in my experience I'm not finding learning trading is not hard hence protecting capital and making profits also is not hard.

Quote from: jovs on May 05, 2017, 11:56:19 AM

That's the sad thing about people nowadays that they really think money is everything, yes somehow it is because it's what you use to buy what you need but ofcourse you need to know how to be able to produce money and being smart and having ideas about trading could be one way to earn it.

But no one could ignore that aiming for making money will be the wonderful driving force for people working hard. Without are getting making fortunes, no one will be ready to take stress for any kind of work hence for trading too.

jovs

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Quote from: iqlimasyadiqa on April 28, 2017, 11:24:30 AM

Quote from: Idrisu on April 28, 2017, 10:17:41 AM

Successful trader do not focus on profits from beginning but after trading become part of them. If you have being following trade thus you will find out that trading both in bitcoin, altcoins and forex take a lot of diligent, hard work, commitment and intelligent. No one has ever predict assets prices movement consistently but a lot of both loss and profit for you to really succeed in the long run.

I agree with you . All things must have a process and experience. With added intelligence then we can take a chance in trading.
Money is not everything, but with money we can be happy. Trading is one way to get happiness.

Indeed. Trading requires knowledge about the overall process of its cycle. And to be able to have the idea on how to use it in practice or actual doings. That's the sad thing about people nowadays that they really think money is everything, yes somehow it is because it's what you use to buy what you need but ofcourse you need to know how to be able to produce money and being smart and having ideas about trading could be one way to earn it.

Holly-Dolly

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Quote from: Rahar02 on May 04, 2017, 07:35:02 AM

Newbie traders always looking for more profit, focus on how to get at least their capital return.
But, Op has mentioned how trading could consider as mind-game playing probabilities, strategy and risk management.
But, strategy for newbies seems like a false promise without any explanation and evidence. However, experiences will teach you how to make profit from doing trading, it's a game of loss and profit at the right time.

Trading on the stock exchange is not an easy business, but at the same time beginners start a location that they should be doing. Apparently therefore there are so many failed projects.

Rahar02

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Newbie traders always looking for more profit, focus on how to get at least their capital return.
But, Op has mentioned how trading could consider as mind-game playing probabilities, strategy and risk management.
But, strategy for newbies seems like a false promise without any explanation and evidence. However, experiences will teach you how to make profit from doing trading, it's a game of loss and profit at the right time.

Sled

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Bitcoin- in bullish time

Quote from: ChineTownMan on May 03, 2017, 03:56:32 PM

Quote from: n0ne on May 03, 2017, 01:24:05 AM

Quote from: xuan87 on May 03, 2017, 12:12:07 AM

In trading our target will always be money, but to get profit we need to understand and learn the trading process and all the factor that can affect the price, by learning the trading process we will easier to get profit, so it is really important for beginners and even the professional to keep on learning the trading process

Nothing is wrong with learning more and more, only our skills get developed in the particular sector as well have a better ideas to implement on times of unexpected market changes. As quoted learning the trading process is a must, because every user believe it's just buy low and sell high. This is not possible with bitcoin all the time, so we need to know in such situation how profit margin need to be placed and profited.

That is the complexity of the trade and that for this you need to have a lot of knowledge and this is not the last condition. This knowledge still needs to be able to apply in practice. If the whole thing was only in the process of trading, long no one would be interested.

Yes knowledge is one of the must have thing when doing trading because if the trader is lacking of knowledge then he is more prone or vulnerable for losses. In the process of trading that is where we get knowledge because in the process of trading we can't avoid or prevent losses and when we encounter losses then we will learn to be more careful and do better decisions.

ChineTownMan

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Quote from: n0ne on May 03, 2017, 01:24:05 AM

Quote from: xuan87 on May 03, 2017, 12:12:07 AM

In trading our target will always be money, but to get profit we need to understand and learn the trading process and all the factor that can affect the price, by learning the trading process we will easier to get profit, so it is really important for beginners and even the professional to keep on learning the trading process

Nothing is wrong with learning more and more, only our skills get developed in the particular sector as well have a better ideas to implement on times of unexpected market changes. As quoted learning the trading process is a must, because every user believe it's just buy low and sell high. This is not possible with bitcoin all the time, so we need to know in such situation how profit margin need to be placed and profited.

That is the complexity of the trade and that for this you need to have a lot of knowledge and this is not the last condition. This knowledge still needs to be able to apply in practice. If the whole thing was only in the process of trading, long no one would be interested.

n0ne

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Quote from: xuan87 on May 03, 2017, 12:12:07 AM

In trading our target will always be money, but to get profit we need to understand and learn the trading process and all the factor that can affect the price, by learning the trading process we will easier to get profit, so it is really important for beginners and even the professional to keep on learning the trading process

Nothing is wrong with learning more and more, only our skills get developed in the particular sector as well have a better ideas to implement on times of unexpected market changes. As quoted learning the trading process is a must, because every user believe it's just buy low and sell high. This is not possible with bitcoin all the time, so we need to know in such situation how profit margin need to be placed and profited.

Viyamore

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That is true ,but in fact if we think and do trading our mind is on the posible money that we can earn from trading .
I agree with you to focus on learning but the mind in money will not forgotten of a person who use to trade because we trade risk for money and the time we learn and have already good skills more money will follow.

hajimasan

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Quote from: xuan87 on May 03, 2017, 12:12:07 AM

In trading our target will always be money, but to get profit we need to understand and learn the trading process and all the factor that can affect the price, by learning the trading process we will easier to get profit, so it is really important for beginners and even the professional to keep on learning the trading process

Yeah , in the trading we don't need to focus at the trading but need to focus on the asset for which we are looking .
I mean if we want Invest our money or bitcoin in the altcoin then Ofcourse doing trade with that altcoin should not be our priority , but we should investigate the altcoin fully whether what the background , what is the price range of the bitcoin , Security in the network system , and how much turn over of the altcoin going in All the exchage , so in these ways we can make big profit if we take care all about those .
Most of the us make Investment in the altcoin that have no wallet ( got die and stopped but available at the exchange most likely to be found in the yobit.net )
so we should investigate about them fully whether what is going on in his official wallet , whether is working or goes died .

xuan87

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In trading our target will always be money, but to get profit we need to understand and learn the trading process and all the factor that can affect the price, by learning the trading process we will easier to get profit, so it is really important for beginners and even the professional to keep on learning the trading process

Topic: Focus on the trading process not the money (Read 1634 times)