Topic: Hope for the best, but expect the worse! - page 3. (Read 853 times)

I see loss in trading as a normal activity, you can’t be a trader and you won’t lose. I don’t think that’s possible, even professional traders lose in trade, but when trading and you notice that your loss is already more than your win, then that’s when there is always a problem, you need to go back and do research why you are losing often. But if you are a trader and your profit is still more than your loss, then everything is fine. If you think as long as you start trading, you won’t be losing, then you are wrong, and that’s what most trading signal providers do use to deceive people, promising them 100% profits in trade.

Yes, it also means that we must be neutral, in the sense of understanding that profit opportunities are indeed available in trading but also by acknowledging and realizing that risk is always involved in it or in every time you trade and can make you lose money. Although in trading getting profit depends on skill but it does not mean you should ignore the various possible risks of loss just because you have a lot of knowledge. So I think the ability to accept risk is always much better and also focusing more on risk management and planning is also very good so that we can minimize the possibility of various actions that should be avoided which are caused by emotions.

Everything has its own risks, so before starting, prepare yourself carefully so that when we accept the risk we can find a quick way out so as not to cause excessive anxiety, ups and downs in trading are normal, so we can control our emotions when adversity hits us.

We all hope for the best, but we also have to prepare ourselves for adversity because good things will not always come, there will be times when adversity will also come to us, so prepare carefully so that we can control everything well and carefully.

That is the basic thing to understand here. You should hope for the best but things might not always go that way and so you have to ready to face the bad things too. This should not induce anxiety, which sort of destroys the entire premise., but be prepared for the bad.

Markets can go haywire, but the important thing is to stick to spot trading only so you have asset at hand to spend and break even with patience. Dont for anything other than spot trading however tempting it might look, they are traps.

Crypto trading and every other risky businesses where you're not sure of making profits or succeeding is better to go into it with the right mindset. Hoping for the best and being prepared for the worst is a good mindset when you're entering a trade because despite you're professionalism and experience you can still lose. So inorder not to get too emotionally if you lose it's good to have a mindset that prepares you to accept wins and loses. Newbies that are coming into trading must understand that it's not a get rich quick scheme were profit is a guarantee, you need to be hopeful to win and prepare your mind for loses.

I know, "Hope for the best, but expect the worse" is an expression but I rather lower my expectations than expect the worse. In life, there are just two choices, genuinely, to make in any situation. It's either a yes or a no. It's either I'm interested or I'm not. Any other that comes in-between is indecision and shouldn't be counted. We can't suddenly jump from best to worse. If we take that to trading, it's either profit or loss. Those who sit on the fence because of indecision don't have the benefit of either.

You're right. Trading has certainly its own share of losses no matter how were trying to trade for profits. And that's something we can't take away from it. That's why acceptance is the key. If you can't do that, you will constantly be in pressured while trying to end up with profits, when you know you can't please always the market that it sometimes go with unpredictable outcomes.

The realty of trading is, everyday you should be ready to learn a new lesson. This will continue even after your 10th anniversary as a trader. Still, when you sail on trend side, you may pick the profits and after you exit, market will show another 20% growth which means even after making profit, you should be ready for learning another lesson. And on your next trade, when you wait for another 25% profit on top of your usual target, market may reverse and hit stoploss. Again, a new lesson; the cruel reality of market; I am damn sure that 100% of traders here must have gone through similar incidents.

Even swing traders may not be patience enough to catch that dream $100k level from the current level but investors will. I mean market volatility will trigger fear by showing down trends time to time and by eating up stoploss levels for traders which means only early holders may get chances to enjoy such big targets and all others will simply learn a new lesson.

Yeah, knowledge and skill will guide us to predict when the market will be in our favour. But, unfortunately there is no such "sufficient" level for our knowledge and skill against the volatility of crypto market. In some sense, if we keep on persisting with trading for long time, finally we can be highly skilled with sufficiently knowledgeable trader yet being a profitable and successful trader is a big question mark. For the case of holding/investing, you do not need similar skill and knowledge but your profits are guaranteed without any frustrations of non-favouring of markets.

Yeah I agree; this type of anticipating higher risks led me to be a long term holder instead of safeguarding my account from blowing off rather than focusing on profit booking. I expect all the traders to turn an investor slowly by learning a lesson everyday.

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That's a more believable story. Actually my grandfather, who owns an antique shop, has been a holder of Gold and an investor in some stocks. He merely HODLs them, which is where I got influence to be a long term "value-investor".


Although, there were bearish traders during that time that made money, I believe 2008 would be trouble for many traders and investors, not just your friend.


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Those Bitcoins will be, at the minimum, $5,000,000 during 2025 or 2026. Plus he would probably buy the other half he has in fiat back into Bitcoin. He probably can help other people retire.

That's the thing with those who newly joined trading, some have that mindset to always be on the winning side but they forget that trading is like gambling, you win today you lose the next day, profit doesn't have to come your way always and  the earlier these sets of people put it in mind that trading is a 50/50 thing the better for them because is like you're preparing you mind for what will happen next, either good or bad (making profit or losing). If in any way we know how the the market works like we can predict it correctly then nobody will have to lose but that's not how it works, that's why many have multiple strategies to go with.

If you have been a long time trader, you will come to understand that there would always be inevitable losses in trading no matter how good you are as a trader. That's something that we can't take the full control while trading in an unpredictable market.

However, if we are potentially skilled and has working trading strategies, despite of the reality that trading could make you lose at some point, but know for sure that your gains will outnumbered your losses, that is if you are a good and successful trader.

You are taking about emotions. This is one of the reason most trader fail in trading and accrue more losses than win which eventually makes them to leave the market early than expected. The market is very volatile and has many factors that it considers in making it moves, if you’ve learned about the market very well and understand those factors when they come and when they play an important role in the market, you’ll see your trading game getting better and you’ll begin to see good results. With such results, your emotions would have by that time beginning to be controlled and perfected by you into not making too many mistakes or error in decision making in the future while trading. Losses cannot be avoided but they can be mitigated, what you’ve learnt and how your emotional impact towards the market has improved will also determine how your winning rate will be. In this stage, the hope you’re hoping for will already with you.

I have known a guy who has been a trader in stocks for over ten years before he got into crypto in 2018, which means that he started in stock trading at around 2005-2006, and he did had some trouble during 2008 to be fair, but by the time he got into crypto at 2018, he was already decent at trading. Then he started to trade at crypto and for him it was so simple and he made millions, a few millions to be exact.

But he is not a greedy person, he turned all his earnings into bitcoin, then cashed out half of it, and he has about a little bit over a million dollars, close to one and a half million dollars in bitcoin and about the same in fiat, and just retired without much issues, it has to be very careful without a doubt. We need to keep holding as much as possible to be like them and keep trying, with enough experience we are going to start making money the way they make and that's the important part, just being a consistent person to do that.

It is important to accept that there is a possibility of such losses in trading. Because as a trader it seems inconceivable that you would trade without having a loss mindset. Because no matter how skillfully one trades here, the chances of losing here are several times higher than the chances of winning. No matter how well the market is analyzed now, very few people can predict what is really going to happen in the future and most of them lose some part of their capital at one time or another. However, there are many examples of people who have benefited from trading. So as a successful trader you have to start trading with the mentality of losing as well as profiting and how to overcome from here. Otherwise, success will not be possible.

How many years has he been a "trader"? Plus if he's trading stocks/forex, is he outperforming the S&P-500? If he's trading cryptocurrencies, is he outperforming Bitcoin? There should be a large sample size of his trading data to determine if someone is truly positive. Anecdotal evidence is useless.

I'm not trying to nit-pick, but respect to his success if he can continue to be profitable and outperform for the next 10 years.

Reviewing market price movements and making decisions is always based on guesswork, but should be traded in small amounts to educate yourself through trading so that financial loss or profit trends with experience. Choosing the right currency should be followed by expert advice to avoid losses. It should not be considered that you will lose every time so that you can be more motivated and continue to accumulate more from market dips. Rather than determining bearish and bullish price differences, one should continue to make regular deposits by choosing the right currency to increase the chances of getting higher profits.

In case of taking a trade, a trader has to take the trade by accepting the risk. No one can definitely guarantee his trade but he has to take risk. There are many traders who live on emotions and trades influenced by emotions in taking trades which must be avoided. There are also many who trade depending on the signals given by others without any fundamental analysis, which can be a big mistake for a trader. The trading platform is a hub of knowable individuals. Here you have to be successful by using your own skills and necessary trading knowledge. Sometimes a trader after getting profitable can't withdraw his profit from his trade at the end because there he increases the expectation which is also abandonment. Withdraw profit from a certain level. The tendency to make excessive profits should be avoided otherwise one would be exposed to losses in spite of profits.

My advice - don't make mistakes as motivation, but make them as the most valuable lessons. Motivation can come from various sides - insults, ridicule, being underestimated are some things that should be able to arouse motivation to achieve the best.

Learning from mistakes is the best way to avoid making the same mistakes. It can be hard sometimes, but it doesn’t mean you have to fail forever. Adjusting your strategy should also be done if the previous strategy doesn’t work, so keep trying to achieve your goals even if you have to fall more than once. But always remember - don’t think you can get consistent profits in trading, it’s almost impossible.

Having a loss and seeing it as something that was meant to happen isn't that good because it wouldn't motivate you to practice further so you don't have lose again. See losses as a motivation to improve on your trading strategy so that you don't make mistakes that'll make you to lose again. For every loss that you have, you can avoid it and make it turn into a profit. To become an expert at trading, you have to minimize how you get your trades wrong. Hope for the best and plan your trade well so the best can come to you. Trading is more of your mindset and thinking negatively isn't going to help you to have better outcomes from your trades.

You can predetermine the outcome of your trade hence the ball is in your control and you have all the necessary information to use to your advantage. Don't be a negative thinker but always tell yourself that you can get the best results from your trade and it'll happen.

But people fails to understand that of trading instead they think it's a bed of roses where if they venture they boom immediately without even having incurred any lose, and of course anyone who must trade should as well prepared to lose because no has a clean records without loses in their history of their journey to trade.