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Topic: Hope for the best, but expect the worse! - page 5. (Read 853 times)

hero member
Activity: 896
Merit: 654
Leading Crypto Sports Betting & Casino Platform
August 29, 2024, 01:52:58 AM
#10
>>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 nice one, I mean both the heading and the body and as short as it is, it carries the needed information and advice. I agree to them since most traders are victims of trading because of the easy way they see trading and most painfully the way people introduced it to them as if it is a simple walkover, which is not true.

The minds of such traders are often positioned to trade and earn so easily, some would even advertise it as cheaply as going to an ATM machine with a master card (not the company) that unlocked free money from the machine. I wonder why people would not be so relaxed in that. When they face reality, it might have been too late. By virtue, some may overcome it, but some will leave trading ASAP.

For this, preparing oneself with such advice given will go a long way to rather get prepared for the worst, and if the trader got there and found it cheap, good luck, after all, he didn't relax his mind towards the trading battle.
sr. member
Activity: 966
Merit: 306
August 29, 2024, 01:05:39 AM
#9
I like this because most traders learning process in trading could be forever. They will only realize that they are losing as they continue to trade. But there are exceptions. I mean people that make money from trading. Just think of small earning and you have more chance to earn money from trading. But most people only think in one direction. Which is trading is a fast means of making money. That is why they will prefer day trading which is the most risky type of trading.
They can choose a simpler way, investment but chance to get rich quick with trading leads them to a tougher way, trading.

Trading is risky like you said and it is more dangerous with Leverage, Futures trading. The loss rate with Leverage, Futures trading is bigger than a loss rate with Spot trading but these trading types are the same, most of traders lose their money with time. If they start with 1 BTC for trading, they will lose it to 0.9 BTC, 0.8 BTC and even lose it to 0.3 BTC after one bad position with liquidation. The math of loss continues with 0.3 BTC and loss rate of 70% from liquidation, they will successfully reduce their bitcoin capital for trading to only 0.09 BTC. This is their left capital after two liquidations.

Continue to be liquidated, a third time, will cause their trading capital drops to 0.027 BTC. It's almost the end of their trading job.
legendary
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Leading Crypto Sports Betting & Casino Platform
August 28, 2024, 07:49:52 PM
#8
some people also always said to use risk capital, or the money that we can afford to lose, implying that we should already thinking that we lose that money in trading even before the trade occurs and we shouldn't be salty about it.
this helps people not becoming mad and ego trade when they lose their money, to prevent from further lose.

it's undeniable that some newbie when they go into trading for the first time always thinking that their $100 might turn into $1 million and the next month they will buy lambo, the reality couldn't be more far off than the truth.
what the newbie gonna have for the first few months or years is consistent loss, but they'll grow out of it eventually if they are smart enough.

so yeah, expect for the worse so you won't be stressing.
member
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Eloncoin.org - Mars, here we come!
August 28, 2024, 06:07:47 PM
#7
As long as trading is in concern this particular proverbial statement should always be in our mind every time. No matter how better we can be trading in our life time we should always remember that we are gambling on our skills, it's a 50/50 game its either you win or you loss.

So if anyone is losing and if they remember this statement they wouldn't give at an early stage just because they have now known what to expect and what not to expect.
legendary
Activity: 1512
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Leading Crypto Sports Betting & Casino Platform
August 28, 2024, 06:07:24 PM
#6
Its like a learning process that never ends.
I like this because most traders learning process in trading could be forever. They will only realize that they are losing as they continue to trade. But there are exceptions. I mean people that make money from trading. Just think of small earning and you have more chance to earn money from trading. But most people only think in one direction. Which is trading is a fast means of making money. That is why they will prefer day trading which is the most risky type of trading.
copper member
Activity: 2198
Merit: 1837
🌀 Cosmic Casino
August 28, 2024, 05:58:01 PM
#5
This kind of approach actually helps one to manage their risk accordingly. Trading involves losses sometimes, but how much one has lost is what matters. When one expects the worst, they don't only focus on winning, but also safeguarding the position in case things go south. This helps them not blow off their accounts and therefore stay longer in trading.
legendary
Activity: 3080
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Hhampuz for Campaign management
August 28, 2024, 05:57:51 PM
#4
Losses are inevitable when trading so always anticipate that there could be chances that you might fail in trading and end up in losses, that's why it's an essential thing that you trade only when you have sufficient knowledge and skills, and when you think there is higher probability that the market will favor on your trades. Otherwise, you'll never be a successful and profitable trader.
sr. member
Activity: 728
Merit: 271
August 28, 2024, 05:09:18 PM
#3
Oh yeah, it's essential to balance both expectations as it can help the trader make informed decisions before taking on any trade. Excessive hopes and assurance on traders about their trade's has liquidated many that some even blow up their account in a twinkle of an eye on a single trade they deliberately refused to set up a stop loss for.

I'm trading you can't be too sure, even when all indicators are pointing an upwards trend you've to still going in cautiously with the inner mindset that it could go wrong, that's why it's called prediction market.
legendary
Activity: 3808
Merit: 1723
August 28, 2024, 05:00:57 PM
#2
Yeah thats pretty much what most people need to realise. But people never have this mind set.

Even now, we got tons and tons of BTC flows with all the ETFs but bitcoin still hasnt broken the ATH and we broke $60K earlier. People were all hoping for bitcoin to be at least $100K, especially by the amount of flows which are coming out of the spot markets and staying on the ETF books for a long time. Less supply means thats prices should be higher. However that is not the case here.

So like you said, hope for the best but expect the worse. Hopefully we dont get a repeat of August 5th.
jr. member
Activity: 66
Merit: 4
August 28, 2024, 04:36:06 PM
#1
>>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.
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