Hope for the best, but expect the worse! - page 4.

South Park

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Quote from: Gooner0 on August 28, 2024, 04:36:06 PM

>>this is a kind of proverbial statement , which highlights different aspects of life too other than trading.
But in trading and as a trader it's helps you be a bit rational and less irrational in decision making, rather than being emotional when you have losses in trading, you should actually see it as something that's always meant to happen. Its like a learning process that never ends.
Anytime you trade always be self prepared for losses, but at the same time keep your hopes high for positive results.

This is a very well known proverb and yet one that is not applied too often, and this is because many people do not even consider the possibly of things not happening exactly as they want, which is odd, as I doubt that anyone has experimented the kind of life in which everything goes their way, however for some weird reason they expect the markets to be some sort of exception to this and somehow they are able to win their trades all the time.

shawonngp

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Trading is not seems for only profit machine, who start trade of course knows that profit and loss both expected in trading. Loss is also part of trading, why do we lose in crypto trading? surely there is a loss due to any wrong step, without mistakes how a beginner trader will become experience trader, mistakes can help to learn trading.

Dr.Bitcoin_Strange

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Quote from: Wind_FURY on August 31, 2024, 04:38:49 AM

Quote from: Dr.Bitcoin_Strange on August 29, 2024, 11:08:46 PM

The crypto market is entirely dynamic and I believe that the first thing a trader should know about is the dynamic nature of the market. If someone is devoted to learning how to trade, they can make more profit because they can now use a combination of some trading tools to make an accurate prediction, though it might not be 100% accurate but there are some traders that doesn't risk too much to enter a position that they are not very certain on making profit. In trading, it good to continue learning because the advantage of continuous learning is that you can not have dozens of losses.

We have seen that sort of posts many times before in BitcoinTalk, but to those who make such posts, who from this topic actually make money from "trading"? Pardon me for saying this, I believe NONE because it takes long term data to actually determine if a person is actually a profitable trader. Merely two or three years of data doesn't determine profitability. That's a mere average length of a cycle.

Well, we can not determine how many people that made success from trading after making this post but I can say for sure that I know of a guy, he worship in the same church with me, he paid to a forex company for eight months training on how to trade and today as I speak, his only occupation is trading and he is making a living out of it.

I do trade but that's not my only focus and because I don't give it much time, I can't say am too profitable at it.

Zanab247

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You want to enjoy your trading to remain in profit earning, make sure you eliminate emotion and fear from your trading because those are some of the things that make some traders to experience losses in their trading which they are capable to put an end to it. If you can be able to control your emotion and fear, you can maintain winning in your trading without loss because I have seen many traders who have eliminated emotion and fear from their trading to remain in profit earning in trading.

Well, if your loss is higher than your profit in crypto trading, I will advise you to find solution to those things that is making you not to maximize profits in trading because if you fail to make a positive change at the moment, it will continue to happen to you to experience the worse from crypto trading.

pawanjain

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Quote from: Gooner0 on August 28, 2024, 04:36:06 PM

>>this is a kind of proverbial statement , which highlights different aspects of life too other than trading.
But in trading and as a trader it's helps you be a bit rational and less irrational in decision making, rather than being emotional when you have losses in trading, you should actually see it as something that's always meant to happen. Its like a learning process that never ends.
Anytime you trade always be self prepared for losses, but at the same time keep your hopes high for positive results.

That's a positive mindset which will help you a lot in the long run.
There are a lot of people who get deceived seeing losses in their trades but we must know that it is bound to happen at some point of time.
We won't get to learn new things if we don't lose right and so we must take losses as a fees to get the new lesson.

goldkingcoiner

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Quote from: Gooner0 on August 28, 2024, 04:36:06 PM

>>this is a kind of proverbial statement , which highlights different aspects of life too other than trading.
But in trading and as a trader it's helps you be a bit rational and less irrational in decision making, rather than being emotional when you have losses in trading, you should actually see it as something that's always meant to happen. Its like a learning process that never ends.
Anytime you trade always be self prepared for losses, but at the same time keep your hopes high for positive results.

Both profits and losses belong to the trading game. What makes the difference is the net profit/loss. A good trader has a net profit. A beginner trader will probably only usually make net losses. (Which is why trading on a practice platform with practice money is best for beginners)

ethereumhunter

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Losing your emotion in trading will makes you can not think clear and can not analyze the market. That will gives you difficulty to know when the right time to enter and quit trading because your minds can see that opportunity. Besides of learning trading, you must also learn about self control so you will not lose control of your emotion because the market movement can makes you should think fast before you decide. Before you trade you must prepare yourself from the lose because you can not always make a profit from trading as the market movement can make you confuse to analyze where the market will moves. That will be never ends of learning because crypto market will always moves and will not gives the same move so you must always learn to improves your skills to be better.

mirakal

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Quote from: Gooner0 on August 28, 2024, 04:36:06 PM

>>this is a kind of proverbial statement , which highlights different aspects of life too other than trading.
But in trading and as a trader it's helps you be a bit rational and less irrational in decision making, rather than being emotional when you have losses in trading, you should actually see it as something that's always meant to happen. Its like a learning process that never ends.
Anytime you trade always be self prepared for losses, but at the same time keep your hopes high for positive results.

Emotional stress is certain in trading, which many traders find difficult to manage. Indeed, hope remains for all traders, but failure seems possible to happen as well, causing major losses. As traders, we should never make rushed decisions but rather analyze and plan well. Positive results come from positive market responses as well. If we want to succeed, then make ourselves ready for anything to happen and anticipate losses. Although we can't escape from losing, we are using only our extra money to ease the situation.

Understanding clearly how trading works makes a trader accept reality. But those who are not will find reason to blame the market.
In the end, we don't just hope for the best; we also do something to improve our trading skills.

Wind_FURY

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Quote from: Dr.Bitcoin_Strange on August 29, 2024, 11:08:46 PM

The crypto market is entirely dynamic and I believe that the first thing a trader should know about is the dynamic nature of the market. If someone is devoted to learning how to trade, they can make more profit because they can now use a combination of some trading tools to make an accurate prediction, though it might not be 100% accurate but there are some traders that doesn't risk too much to enter a position that they are not very certain on making profit. In trading, it good to continue learning because the advantage of continuous learning is that you can not have dozens of losses.

We have seen that sort of posts many times before in BitcoinTalk, but to those who make such posts, who from this topic actually make money from "trading"? Pardon me for saying this, I believe NONE because it takes long term data to actually determine if a person is actually a profitable trader. Merely two or three years of data doesn't determine profitability. That's a mere average length of a cycle.

Dr.Bitcoin_Strange

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The crypto market is entirely dynamic and I believe that the first thing a trader should know about is the dynamic nature of the market. If someone is devoted to learning how to trade, they can make more profit because they can now use a combination of some trading tools to make an accurate prediction, though it might not be 100% accurate but there are some traders that doesn't risk too much to enter a position that they are not very certain on making profit. In trading, it good to continue learning because the advantage of continuous learning is that you can not have dozens of losses.

The Cryptovator

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I am a bit panicky guy. Once I see the price still dropping below my buy price, then definitely I regret it sometimes. But for sure, I don't sell at loss. When I enter a trade, I convince myself to hold it for a long time until I have good profits. Nevermind if I have to wait a year or two. My intention is not to lose at least. This is actually more emotion than lead to panic. But I always try to defend my panic. Sometimes I sell at small profits when I feel need to exit from a coin. That emotion I can't control actually, and when I sell, I see the price start pumping hard. However, it's true that if we need to be a gainer from the trading, then we must have patience.

Hamza2424

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Hmm, this section is getting more and more theoretical and filled with topics on philosophy and tips, haha I've it least it not a dead section people are making posts here, anyway in trading if you are active, smart, and skilled at your emotion management you can minimize risks.

Trading is not for everyone but if you are passionate you can try it, at least you'll be putting in some effort, but there's another check, if you are planning to start trading on someone's earnings and screenshots from the influencers or from trading groups, buddy stay away from trading its injurious to your health and your valuable assets, mostly proofs shown by such people are fake and scripted to attract more people for selling their membership in which you'll get signals to make money overnight haha its funny if they really know the trick why they charge 50 bucks 100 or 200 for the membership they should take some trades and make money. Don't fall into such shit if you are falling into this you should never hope for the best and expect the worst always.

BABY SHOES

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Quote from: Pandu Geddon on August 29, 2024, 09:46:19 AM

which may be a burden in the process of learning to trade. a beginner trader cannot escape from losses. even though they know they can lose, but more beginners cannot accept losses humbly. the hope for profit must of course be balanced with the trading skills they have.

Beginners usually always experience losses because they do not have techniques that are mastered in trading so they can trade carelessly without the ability of existing skills, precisely like this, they will usually experience more losses than profits.

But I realized that when I first tried trading as a beginner, the loss was one that was often experienced because this was the learning process and also the experience gained, which in the end could balance the suitability of the trade.

Pandu Geddon

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Quote from: Gooner0 on August 28, 2024, 04:36:06 PM

Anytime you trade always be self prepared for losses, but at the same time keep your hopes high for positive results.

traders must know that in trading there is a possibility of profit and loss. in the process of planning a trade, when you are more experienced then you will have more confidence to make a profit. even if the situation gets worse, experienced traders have planned steps to minimize the risk of loss.

which may be a burden in the process of learning to trade. a beginner trader cannot escape from losses. even though they know they can lose, but more beginners cannot accept losses humbly. the hope for profit must of course be balanced with the trading skills they have.

YOSHIE

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Quote from: Gooner0 on August 28, 2024, 04:36:06 PM

Hope for the best, but expect the worse!

Everyone involved in trading wants the best whatever the sequence and risks that occur, I'm sure no one has bad wishes, but facts remain facts, bad and good things can happen in crypto trading, no matter how good we are, if we have decided and the button is pressed, we can't say anything else, we can only accept the good and the bad.

That's why trading knowledge is very important and looking at the crypto market situation is also very important, analysis is also the same and the type of crypto chosen to determine trading is also the main key, You can be careful and if you don't consider the factors I mentioned above it will also be a disaster for us, don't be too selfish and greedy in trading, do it wisely and carefully consider it to gain real profits.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Gooner0 on August 28, 2024, 04:36:06 PM

>>this is a kind of proverbial statement , which highlights different aspects of life too other than trading.

I use the statement to make people prep more than hope. Grin

Quote

But in trading and as a trader it's helps you be a bit rational and less irrational in decision making, rather than being emotional when you have losses in trading, you should actually see it as something that's always meant to happen. Its like a learning process that never ends.
Anytime you trade always be self prepared for losses, but at the same time keep your hopes high for positive results.

If you are day trading then you have to expect the unexpected. But if you are trading long term you will be having profits. Like the people who bought at 40k levels are anyways taking profit even at these bear markets. Then the ones who bought at 60k will be holding till the ATH is reached once again.

The level of panic/calm you have? It completely depends on how your mileage is. I prefer to stay healthy so I go for long term. Roll Eyes

Wind_FURY

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OP, perhaps this should be another proverb for the plebs like us in BitcoinTalk - "Why trade shitcoins and risk losing your precious Bitcoins and metal sanity for less profit, when you can merely HODL and be more profitable"? Cool

Plebs like us will never win against those traders with their army of bots, who have more experience/knowledge, and who have more capital than us.

Kcrypto18

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This is also the perspective I try to have when trading. It’s good to hope for the best but you shouldn't go in expecting results will be good. Losing is just part of the process and if you accept that, it can help you learn from your mistakes. Still, this mentality requires constant practice as well! Just goes to show that trading is a continual learning process.

Yaunfitda

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Quote from: Gooner0 on August 28, 2024, 04:36:06 PM

>>this is a kind of proverbial statement , which highlights different aspects of life too other than trading.
But in trading and as a trader it's helps you be a bit rational and less irrational in decision making, rather than being emotional when you have losses in trading, you should actually see it as something that's always meant to happen. Its like a learning process that never ends.
Anytime you trade always be self prepared for losses, but at the same time keep your hopes high for positive results.

I think that's obvious though, anything is life, we should be preparing for the worse although we always do our best and hope something is going to be in our favor. But in any case it's not, then accepted it already. And as you have said, it should be a learning process for everyone and think of it as just a challenge and so we keep our and move on the next day and hope that we will win in our trade.

And this kind of mindset makes everyone really be somewhat in survival mode and not relax and this is good to us. I mean we should think that it's always a battle out there, and we can't win every time. And most of it, we make sacrifices and at the end of the day, it should be for our own good.

Barikui1

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Quote from: Gooner0 on August 28, 2024, 04:36:06 PM

>>this is a kind of proverbial statement , which highlights different aspects of life too other than trading.
But in trading and as a trader it's helps you be a bit rational and less irrational in decision making, rather than being emotional when you have losses in trading, you should actually see it as something that's always meant to happen. Its like a learning process that never ends.
Anytime you trade always be self prepared for losses, but at the same time keep your hopes high for positive results.

Yea it's actually the best mindset to start with, by calculating your loss before your profit, it's all what most of this experience and profitable traders do, they mostly calculate how much they are willing to lose on a single trade, before calculating how much they are going to eventually make, and the best way to go about it is by trading with an amount you can afford to lose, so in my own perspective, as a trader, that's the beginning point of knowing exactly what you are doing.
And this is what separate the profitable traders from every other traders, they knows that in trading, knowledge on technical and fundamental analysis alone is not enough, you need patience, and the ability to control your emotions, you need to be very good in managing your risk properly, so in essence of what am trying to say is that, just as the op of this thread has rightfully said, it's very important as a trader to calculate his or her loss first before calculating his potential profit, so that his or her emotions can be in check.

Topic: Hope for the best, but expect the worse! - page 4. (Read 849 times)