Topic: if you are a trader, how long it took for you to become profitable trader? (Read 1864 times)

And what will give the new comer courage to trade in the first place when they don't have the knowledge? I think this is why some people compare trading to gambling. They assume you can trade blindly and still be favor by market even if you have no knowledge about trading just like some gamble without employing any form of strategy but simply rely on luck. Trading thou possess high risk but it can be profitable if you can be patient to learn the necessary knowledge and become more experienced. I don't want to use expert because it doesn't exist in trading, you can only gain experience as you progress but can not be totally perfect.


It's not about how long but good and fast you're at learning. You can be trading for a long time and still be losing on a steady because you don't have the necessary knowledge to execute accurate trade. Your longevity means nothing but you knowledge and skills means everything. Moreover, trading is not a business buddy, it's more of a skills.

If you start a trade it will take a long time before you will start making a profit in the trading business,

Everyone have there own strategy but you can learn from anyone because you can not be the master of it all you still have to learn something to learn from people and even if you have your own strategy and trading for the long time will not be a bad idea and when you also buy and holding is not a bad idea and when you trade for a long time you will be able to gather more experience because experience is like the the tool yu need to survive in journey.

And getting that amount of profit will be determined with how good you are, because if you are then there is a possibility of you making that amount but also with a good capital. But when you have in mind what exactly you want to archive is not a bad idea, even if it's not realistic because with that you will be able to picture exactly what you want. And with the ongoing have been on two different occasions and like wise for people who trade you can decide to be a long time or short time trader and there are guidelines that will need to be followed. And we all know how complicated it can be sometimes you will always see somthing new and this is one of the reasons that you need to be very conscious.

The fact is that been a professional trader or not you're still going to experience losses , because it is inevitable , so you been profits depend on you and the hardwork  you put in to be honest I don't usually recommend trading to folks because is something that you need to invest your time in because it requires more skills to be successful in it , but when it's comes to bitcoin investment, you don't need any complex knowledge, inorder to make some nice returns through it.

Like trading alot of folks usually get liquidated due to market volatility, so another saying trading can make you rich and can also make you broke with just the wrong move , because in trading there's high risk in it.

5 to 7 years, and only less that 1% of traders are profitable in the long term, so think about it....... At the moment buy and hold is still an easy and profitable trade.

In most cases, this opinion is shared by traders who are essentially players. And for them, there is no difference between a trading terminal and a roulette table, since their trading/playing style does not differ in any way.

When we are still a noob then there are really those times or moments that we would be having that kind of urge on which you will really be that wanting on making up trades immediately without even trying out to see up on the potential risks that they will really be able to face on. They will really be that only making up some adjustments at the time that they will be experiencing issues or problems but initially when it comes into the point that you are having the experience then this is where you will be able to see up that you have done something delusional on the time that you have been starting on which this one is really that a common approach to have. This is why it will be that recommended that you do really know at least on what you've been that dealing on with.

Duration on how long you will be able to learn will be that definitely be basing or depending up on how fast you will be able to catch up or able to learn along the way. Just like on what most people been saying that the fastness about on how you do able to learn up things will be basing up into a certain person. Not all will really be having that kind of duration in terms of learning process. There are ones who are fast and there are ones who are average and there are ones who are really that slow or does took up a very long time. So it will really be that situational into this aspect because not all will be having on the same situation.

People who are still very new to the market should not immediately trade in any coin with any capital even though it could be their first try in the market. But at least they should seek some knowledge that they can apply even though it can't always be an important reference for them because market patterns and conditions always change and are not fixed so the importance of knowledge as the main foundation rather than trying directly with reckless capital which can ultimately result in losses.

Brother, when a new person comes to the market for trading, they don't have much knowledge. When they take short-term trades, they only analyze the graph a little bit, so I think it's more like gambling. And I meant to say it's like gambling, not that it is gambling. And I myself am new to the market, so according to me, a new person usually incurs more losses in short-term trades at first, until they fully understand the market.

Gambling is something that really relies on luck, while trading requires analysis from knowledge and experience, unless we do it without knowledge or just rely on luck by placing long or short, it could be called gambling.
Some people do consider trading to be gambling, but it is entirely their right to think so. While for me, like the points I mentioned above, trading is not gambling, unless it is done without a basis of knowledge and just hoping for luck.
Well, in trading we can see from many factors, so that is a reason why we place an entry in the market.

how can you say that buddy ...

Short-term trading is like gambling in which sense and how can you please elaborate? Trading is not gambling in any terms until or unless you are not aware of your decisions and risk to reward if you are taking trade even in a few minutes time frame with your strategy and analysis that's not at all gambling yup I do consider that high leverage trades even with plan are gambling haha.

Brother, until you start trading yourself, you can't really say anything because there's a big difference between watching and actually doing it. When you trade for the first time, you will experience some losses. Slowly, you will learn when to enter the market and when to exit. Always manage your risk while trading so that you don't face losses. Long-term trading is safer, while short-term trading carries more risk. Short-term trading is mostly like gambling.

Always keep your emotions and greed under control when it comes to trading because crypto is very volatile and no one can profit here for a long time and every trade. What happens is that if they make an average profit of $100 per day in 7 days, they have a lot of confidence and then they use the same strategy and start trading with a much larger account to make even bigger profits. And they lose thousands of dollars in one day at that time. And after a long trading experience, most traders find losses in trading when they calculate. For this reason one should always keep a close eye on holdings by avoiding short trading

Different trading style and different learning methods and different levels when it come to memorization and the capacity of their minds yet we do know that each person does have that different levels when it comes to this. Same goes on the effort that do someone will really be that making. So that on the moment that you would really be dealing up with this volatile space then it will really be just that depending on you on how fast you will be able to have that good grasps when it comes into this market and not everyone will really be sharing up on the same duration when it comes to learning because on the moment that you do learn up things then there will really be that different mindset and on how fast you will be able to adjust accordingly.

There would really be tons of factors that will really be affecting on how fast you will be able to learn up things accordingly. Just like on what i have said that on the moment that you will be dealing up with something then it will be just that depending on how you do set up your things accordingly. On the time that you do deal up with something then how fast to learn up trading skills then it will be different into each on individual. It is really that depending on how you will really be that acting out accordingly. You are the ones who will be making up such adjustment on whatever you are really that facing into.

What is a decent lifestyle for you may not be what another sees as a decent lifestyle. They may see it as opulence or average. Words are relative in meaning. As for me, I do make something by the side from trading. It may not be much (as I need more) but it's something to go by.

$2k or $3k monthly profit will depend on one's trading capital. It shouldn't have to do with bearing unnecessary risk and exposure. Anyone with less than $20k trading capital aiming for such will not be heeding their money management guideline. For me, that will be too much unnecessary risk. Someone with above that capital, let's say  $50k+, can even easily make that within a few days.

Every trader has a different trading style and mainstay method which will always divide them into two parts, meaning there are those who like to trade in the long term and there are also those who trade in the long term, and if trading in the long term is not profitable then why are there some people who stick to that plan? meaning long-term trading is still profitable and maybe you don't know how. Getting a profit of around $ 2k - $ 3k per month is still possible or you can still achieve it but it comes back to how much capital you have, because usually you won't be able to achieve something that is unrealistic, and getting that much profit in a month I think you can get it with a capital of around $ 100k because that's the most ideal and safest, but on the other hand it also depends on how good your risk management is and how good your strategy is, so far I usually always use the SND (support and resistance) strategy, you can try it.

Trading is a zero-sum game. For you to make a profit, other players must suffer losses.

Why is investing usually a profitable human activity? Because investing is not a zero-sum game. It is logical to expect that any asset will increase in value over time (simply because of the existence of inflation).

In order to trade and make a profit, you need to have a competitive advantage over other players.

What is your competitive advantage? Are your competitors dumber and less educated than you? Do you have access to more advanced and powerful computers, allowing you to outpace your competitors in speed? Do you have access to unique insider information? The answers to these questions will help you understand whether you can make a profit from regular trading over a long period of time or not.

In trading, competitive advantage is everything.

Your profit will also depend heavily on the capital used. Capital of $100 for a profit of $2000-$3000 is impossible. If over time your trading does not provide the expected profit, it could be that you are not suited to trading and should think about trying something else or your target is not realistic with the capital used.

Yeah, I am not proud to say I lost a lot before, but also not ashamed to say it. The truth can help other people not make the same mistakes I did. Its actually funny because crypto was where I lost the least (kinda break even if you consider the time I was heavy into alts, wasting all my BTC to get all kinds of POS, win some lose some). But if take into the consideration the time I lost, frustration etc. I definitely lost so much.

I think its always refreshing to see traders post their journey. Win or lose, just bare it all. But the problem is, the most visible ones are the ones saying they got rich and shit. So start your journey I will be sure to follow, share everything. Black and white

I didn't share mine when I said that I'm profitable because a few weeks after that, all of my profits vanished just because of what happened when the market went down significantly causing many traders to lose at around $1.7 Billions of money.

Right now, I'm in the process of breaking even, and like you, I would also want to see other traders claiming to be profitable to share their trades on a daily basis. Maybe having somebody that will make a thread on his trades would be a good start for this one. TBH, I would want to do it, but I'm not profitable right now, but quite the opposite. Maybe in the future I'll do it.