if you are a trader, how long it took for you to become profitable trader?

fikrett

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Quote from: MusaMohamed on November 18, 2024, 09:27:52 PM

Quote from: skarais on November 18, 2024, 03:58:29 PM

Every time traders fail to control their emotions when trading, they have a high potential for losses. Trading is never as easy as most people say, in fact trading is difficult and a risky activity. I just hope people don't get swayed by the benefits that random people say on social media or elsewhere. Even if they manage to earn legitimate profits, but the same will not be exactly the same for others.

Traders must be equipped with sufficient capital and good self-control. They should not only hope for potential profits without considering the risk of loss, especially if they are interested in future trading which is very risky compared to spot trading.

Trading is risky than investing because of this emotional and psychological impact.

The market is volatile and the more time you look at price chart, the market volatility will affect you more. This is why traders are more affected by the market volatility and news, fud while investors who less expose their eyes to news, fud, price chart, will be less affected.

Both traders and investors will have to spend their considerable time to read and understand The psychology of market cycles. One more resource for reading and mastering the market cycle - mindset and strategies.

Thanks for the resources mentioned!
Even though I haven't dug into them yet, I agree that both have something to lose in the end, maybe more than another, but that wouldn't change the fact!
So in order to move forward, one should really understand what's going on in the market and how to utilize the needed markers.

betswift

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Quote from: mirakal on November 19, 2024, 06:53:01 AM

Quote from: skarais on November 18, 2024, 03:58:29 PM

Quote from: mirakal on November 18, 2024, 12:59:00 PM

Profitability is never guaranteed consistently. You can lose today, but you can also be in profits the next day. That’s how uncertain trading is. But if you know what you are doing and you focus more on creating positive trades every time you decide to trade, losses can be actually lessen while maximizing your gains. You just focus on your goal, not on your emotions that will make you greedy when trading.

Every time traders fail to control their emotions when trading, they have a high potential for losses. Trading is never as easy as most people say, in fact trading is difficult and a risky activity. I just hope people don't get swayed by the benefits that random people say on social media or elsewhere. Even if they manage to earn legitimate profits, but the same will not be exactly the same for others.

Traders must be equipped with sufficient capital and good self-control. They should not only hope for potential profits without considering the risk of loss, especially if they are interested in future trading which is very risky compared to spot trading.

Honestly, success doesn’t come from self-control alone but also from how quickly we can think. If we can control ourselves or our emotions, it is already our great advantage but can't save us from losing.

You’re right—trading isn’t easy. No matter how experienced or seasoned you are, things won’t always go your way, and losses can still happen. In other words, while we traders have the potential to earn, it’s not guaranteed to happen every day. That’s why every decision should be carefully thought out, and we need to be prepared for whatever happens because we already know from the start how risky trading can be.

If overall picture is a green PNL - then you are fine to go with some losses along the way Roll Eyes

Even a week or so can be bad for a trader, but the thing is, is that you lose some, you win some.
And you make sure that the metrics you've seen while loosing are taken into account.

mirakal

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Quote from: skarais on November 18, 2024, 03:58:29 PM

Quote from: mirakal on November 18, 2024, 12:59:00 PM

Profitability is never guaranteed consistently. You can lose today, but you can also be in profits the next day. That’s how uncertain trading is. But if you know what you are doing and you focus more on creating positive trades every time you decide to trade, losses can be actually lessen while maximizing your gains. You just focus on your goal, not on your emotions that will make you greedy when trading.

Every time traders fail to control their emotions when trading, they have a high potential for losses. Trading is never as easy as most people say, in fact trading is difficult and a risky activity. I just hope people don't get swayed by the benefits that random people say on social media or elsewhere. Even if they manage to earn legitimate profits, but the same will not be exactly the same for others.

Traders must be equipped with sufficient capital and good self-control. They should not only hope for potential profits without considering the risk of loss, especially if they are interested in future trading which is very risky compared to spot trading.

Honestly, success doesn’t come from self-control alone but also from how quickly we can think. If we can control ourselves or our emotions, it is already our great advantage but can't save us from losing.

You’re right—trading isn’t easy. No matter how experienced or seasoned you are, things won’t always go your way, and losses can still happen. In other words, while we traders have the potential to earn, it’s not guaranteed to happen every day. That’s why every decision should be carefully thought out, and we need to be prepared for whatever happens because we already know from the start how risky trading can be.

MusaMohamed

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Quote from: skarais on November 18, 2024, 03:58:29 PM

Every time traders fail to control their emotions when trading, they have a high potential for losses. Trading is never as easy as most people say, in fact trading is difficult and a risky activity. I just hope people don't get swayed by the benefits that random people say on social media or elsewhere. Even if they manage to earn legitimate profits, but the same will not be exactly the same for others.

Traders must be equipped with sufficient capital and good self-control. They should not only hope for potential profits without considering the risk of loss, especially if they are interested in future trading which is very risky compared to spot trading.

Trading is risky than investing because of this emotional and psychological impact.

The market is volatile and the more time you look at price chart, the market volatility will affect you more. This is why traders are more affected by the market volatility and news, fud while investors who less expose their eyes to news, fud, price chart, will be less affected.

Both traders and investors will have to spend their considerable time to read and understand The psychology of market cycles. One more resource for reading and mastering the market cycle - mindset and strategies.

skarais

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Activity: 2464

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Quote from: mirakal on November 18, 2024, 12:59:00 PM

Quote from: Webetcoins on November 15, 2024, 04:26:40 PM

~~~

Profitability is never guaranteed consistently. You can lose today, but you can also be in profits the next day. That’s how uncertain trading is. But if you know what you are doing and you focus more on creating positive trades every time you decide to trade, losses can be actually lessen while maximizing your gains. You just focus on your goal, not on your emotions that will make you greedy when trading.

Every time traders fail to control their emotions when trading, they have a high potential for losses. Trading is never as easy as most people say, in fact trading is difficult and a risky activity. I just hope people don't get swayed by the benefits that random people say on social media or elsewhere. Even if they manage to earn legitimate profits, but the same will not be exactly the same for others.

Traders must be equipped with sufficient capital and good self-control. They should not only hope for potential profits without considering the risk of loss, especially if they are interested in future trading which is very risky compared to spot trading.

doomloop

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Quote from: Huppercase on November 18, 2024, 11:52:21 AM

Long term or you mean short term? What you should know is that trading as means of living is subjective. Not everyone can be successful in trading, so when you see opinion about things, you don't just make conclusions straight up. Try and make more enquiries before you make conclusions else you might miss out on some opportunities. What I know is that trading is profitable in the long run and also on the short run just like the way we are having bull run right now.

When you check Bitcoin volume on any exchanges before now, you will see that there was billions of Bitcoin been traded everyday, that's tells you that there are people that open and close positions on Bitcoin everyday, not just Bitcoin but across all over crypto markets. If indeed crypto is not profitable in the long run, I'm not sure they would have come back and also imagine a trader that has opened position or trade since January, they will be on huge profit now depending on their leverage.

That is true, if you want to be a trader, after a certain point it becomes a very different subject. Lets assume that you do badly, then you already quit because you are not getting a good result and you give up and try something else, most either stop all together or they end up with long term holding instead.

But even if we assume that you do fine, turning 10k into 100k is great, but you can't do that with 10 million into 100 million, not the same thing and you would be limited to only a few coin. If you were to do something different then we wouldn't be able to make as much money as possible and it would not be a good thing if we are not careful. I would say that the best thing to do is just making money from long term holding if you want to make some money from it.

mirakal

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Quote from: Webetcoins on November 15, 2024, 04:26:40 PM

Profitable trader is not something that is permanent, you could make a profit this month, and could be losing next month, there is no guarantee that anyone could make a profit at all times. Even the greatest traders have bad months, and that is why we need to be careful with what we are dealing with.

If you are not entirely sure what you are dealing with, then you are going to end up seeing lower prices and not going to see anything growing great for anyone neither. I believe the perfect situation would be just focusing on getting better and better. This way, while you will keep having bad periods as a trader, even after 10+ years of trading, at least if you are getting better than you are going to have less and less of them.

Profitability is never guaranteed consistently. You can lose today, but you can also be in profits the next day. That’s how uncertain trading is. But if you know what you are doing and you focus more on creating positive trades every time you decide to trade, losses can be actually lessen while maximizing your gains. You just focus on your goal, not on your emotions that will make you greedy when trading.

Huppercase

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Quote from: a298b112 on November 05, 2024, 05:52:15 AM

More I read, more I see that trading in a long term is not profitable. So, I wonder are there any profitable traders that make money on the market constantly and sustain decent lifestyle? I am not looking for big money, let's say 2k or 3k per month would be enough. Is this something doable? Is there any strategies to become a trader that makes this amount of money?

Long term or you mean short term? What you should know is that trading as means of living is subjective. Not everyone can be successful in trading, so when you see opinion about things, you don't just make conclusions straight up. Try and make more enquiries before you make conclusions else you might miss out on some opportunities. What I know is that trading is profitable in the long run and also on the short run just like the way we are having bull run right now.

When you check Bitcoin volume on any exchanges before now, you will see that there was billions of Bitcoin been traded everyday, that's tells you that there are people that open and close positions on Bitcoin everyday, not just Bitcoin but across all over crypto markets. If indeed crypto is not profitable in the long run, I'm not sure they would have come back and also imagine a trader that has opened position or trade since January, they will be on huge profit now depending on their leverage.

2Pizza410000BTC

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Quote from: a298b112 on November 05, 2024, 05:52:15 AM

More I read, more I see that trading in a long term is not profitable. So, I wonder are there any profitable traders that make money on the market constantly and sustain decent lifestyle? I am not looking for big money, let's say 2k or 3k per month would be enough. Is this something doable? Is there any strategies to become a trader that makes this amount of money?

Making money from trading platforms is easy if you understand trading strategies as much as you can about trading. Trading is not something you can only lose money not make money trading can definitely make money. It is definitely possible to earn from 2000 to 3000 taka per month if you try. From the trading platform. It will cost you 50 to 100 dollars. But if you have a dream of earning $2000 to $3000 per day, then you must have your trading capital around $50 to $100. But you must wait for the volatility of the market, if the market is dumping a little more, then buy from that dumping market and sell when the market goes up a little. In this way, if you try to pay 50 to 100 dollars a month, not 2 to 3 thousand rupees, you will get 15 to 20 Can make above thousand rupees but of course you have to go with different strategies.

Cryptmuster

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Quote from: mirakal on November 15, 2024, 05:46:39 AM

Our mistake is that we’re rushing through life, even when we know how risky trading can be. We believe we can handle it and can make good calls, despite having only a little experience and knowledge. That’s why so many end up regretting it and losing money—because they’re overly confident. Even seasoned traders experience losses, so imagine how much more for beginners as certainly be more.

Learning more is key to improving our skills. Let’s use our mistakes as motivation to dive deeper into understanding the market situation so we can make better, smarter decisions moving forward.

True, haste in trading is bad and not only for beginners but also for experienced traders, and excessive self-confidence is also a bad assistant, because after several successful transactions, it may be thought that you have understood how to trade and be more courageous in order to increase funds for trading, this is what can increase the risks in trading.

Achieving success in trading does not mean getting rid of losing trades forever, it means that there will simply be fewer of them, or the trader will be able to reduce these losses to a minimum.

Barikui1

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Quote from: a298b112 on November 05, 2024, 05:52:15 AM

More I read, more I see that trading in a long term is not profitable. So, I wonder are there any profitable traders that make money on the market constantly and sustain decent lifestyle?

Yea, their are so many traders out their that lives a decent lifestyle with the profit made from trading, but for you to get to that level, their is a lot of work you must have put in your development in becoming a profitable trader, just be rest assured that it's not a day job, but relying only on trading for survival as a trader isn't ideal, because it puts you under unnecessary pressure, and and trading under pressure is not good at all.

Quote

Is this something doable? Is there any strategies to become a trader that makes this amount of money?

Yes, it's actually doable, and their are so many types of trading strategies out there, just that your level of knowledge and skills in the craft will determine if it's achievable or not, but be careful because if you knows nothing in the craft and you choose to dive in like that, you will certainly get burnt.

?

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Quote from: bitgolden on November 14, 2024, 03:34:54 PM

Eventually, what you learn is that you do not have to do it all together, you don't have to get rich tomorrow, you don't have to spend all your money. Spend very little until you are sure you can make a profit, and eventually you will get richer, nobody can get rich in a day, but you can learn to be a great trader on long term and be better.

You have said it all
You dnt have to be overambitious, trying to mk it big at a go, we do learn by ourselves too just matter of patience and care

Webetcoins

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Profitable trader is not something that is permanent, you could make a profit this month, and could be losing next month, there is no guarantee that anyone could make a profit at all times. Even the greatest traders have bad months, and that is why we need to be careful with what we are dealing with.

If you are not entirely sure what you are dealing with, then you are going to end up seeing lower prices and not going to see anything growing great for anyone neither. I believe the perfect situation would be just focusing on getting better and better. This way, while you will keep having bad periods as a trader, even after 10+ years of trading, at least if you are getting better than you are going to have less and less of them.

?

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Before going into trade you have to understand the characteristics of trading, you have to posses the knowledge of a trader and secure lots of patience.

Trading is like a 50/50 thing you don't invest everything course of your high expectations, you might ran lost and breakdown, so you have to trade with caution, trading has it's ups and downs, you don't go into trading because you heard or see orders making it without you having a knowledge of it, you will false badly

So understand what trading before going to into it so you won't cry

?

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Quote from: mirakal on November 15, 2024, 05:46:39 AM

Quote from: ? on November 15, 2024, 03:18:06 AM

Quote from: mirakal on November 14, 2024, 06:36:49 PM

To be clear, trading is never easy but is always a hard and tough process. And it takes a lot of practice and building experiences before you can finally say that you are a good and almost successful trader.

The thing is, there’s no certainty and profit guarantees with trading, and most of those who suicide their hard-earned money in trading end up losing rather than seeing them in profits. I think that’s what makes it more challenging, where everyone else is losing, at least you need to pursue yourself and do a lot of hardwork and market analysis so you can understand trading well and utilize all your skills, trading techniques and strategies so you can maximize trading success and make your trades productive and profitable in the end.

That's the reason why a person shouldn't have the expectations for trading too high and not view it as a life changer of sorts.
It's hard and tough out there just like in any other sphere of activity, it's just marketed heavily by those who are experienced or lucky or are paid for that kind of behavior.
Stay humble and crave knowledge first and foremost, and the profit will come to you. That's what I learned.

Our mistake is that we’re rushing through life, even when we know how risky trading can be. We believe we can handle it and can make good calls, despite having only a little experience and knowledge. That’s why so many end up regretting it and losing money—because they’re overly confident. Even seasoned traders experience losses, so imagine how much more for beginners as certainly be more.

Learning more is key to improving our skills. Let’s use our mistakes as motivation to dive deeper into understanding the market situation so we can make better, smarter decisions moving forward.

Yeah, it's not bad that you don't know something - it's bad when a person doesn't want to know that "something".
So by scaling up and managing everything learned, smarter strats will come up, and by not rushing things up, a man can achieve his goals on the market.

FortuneFollower

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Quote from: $weetne$$ on November 15, 2024, 05:38:49 AM

Quote from: a298b112 on November 05, 2024, 05:52:15 AM

More I read, more I see that trading in a long term is not profitable. So, I wonder are there any profitable traders that make money on the market constantly and sustain decent lifestyle? I am not looking for big money, let's say 2k or 3k per month would be enough. Is this something doable? Is there any strategies to become a trader that makes this amount of money?

Trading will only not be profitable to you when you have not known how to trade. If trading was not profitable, there would not be anybody that have being successful from trading but since we have alot of people with this record, trading can be profitable. Most people do not have any background on trading and have not gotten any lesson but they want to become successful and these are the people that complain that trading is very hard and nobody can make profits from trading. You might not be capable of making the money you mentioned but you can make profits frequently when you have the right strategy working very well for you. Do not worry about how long it is going to take you but stay consistent and you will finally get there and be winning.

While you adapt, you tune your strategy to be good and fit your style of trading.
A person doesn't complain when he is into what he is doing.
So by grinding the needed knowledge and practice, a person can become successful.

mirakal

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Quote from: ? on November 15, 2024, 03:18:06 AM

Quote from: mirakal on November 14, 2024, 06:36:49 PM

To be clear, trading is never easy but is always a hard and tough process. And it takes a lot of practice and building experiences before you can finally say that you are a good and almost successful trader.

The thing is, there’s no certainty and profit guarantees with trading, and most of those who suicide their hard-earned money in trading end up losing rather than seeing them in profits. I think that’s what makes it more challenging, where everyone else is losing, at least you need to pursue yourself and do a lot of hardwork and market analysis so you can understand trading well and utilize all your skills, trading techniques and strategies so you can maximize trading success and make your trades productive and profitable in the end.

That's the reason why a person shouldn't have the expectations for trading too high and not view it as a life changer of sorts.
It's hard and tough out there just like in any other sphere of activity, it's just marketed heavily by those who are experienced or lucky or are paid for that kind of behavior.
Stay humble and crave knowledge first and foremost, and the profit will come to you. That's what I learned.

Our mistake is that we’re rushing through life, even when we know how risky trading can be. We believe we can handle it and can make good calls, despite having only a little experience and knowledge. That’s why so many end up regretting it and losing money—because they’re overly confident. Even seasoned traders experience losses, so imagine how much more for beginners as certainly be more.

Learning more is key to improving our skills. Let’s use our mistakes as motivation to dive deeper into understanding the market situation so we can make better, smarter decisions moving forward.

$weetne$$

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Quote from: a298b112 on November 05, 2024, 05:52:15 AM

More I read, more I see that trading in a long term is not profitable. So, I wonder are there any profitable traders that make money on the market constantly and sustain decent lifestyle? I am not looking for big money, let's say 2k or 3k per month would be enough. Is this something doable? Is there any strategies to become a trader that makes this amount of money?

Trading will only not be profitable to you when you have not known how to trade. If trading was not profitable, there would not be anybody that have being successful from trading but since we have alot of people with this record, trading can be profitable. Most people do not have any background on trading and have not gotten any lesson but they want to become successful and these are the people that complain that trading is very hard and nobody can make profits from trading. You might not be capable of making the money you mentioned but you can make profits frequently when you have the right strategy working very well for you. Do not worry about how long it is going to take you but stay consistent and you will finally get there and be winning.

?

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Quote from: mirakal on November 14, 2024, 06:36:49 PM

To be clear, trading is never easy but is always a hard and tough process. And it takes a lot of practice and building experiences before you can finally say that you are a good and almost successful trader.

The thing is, there’s no certainty and profit guarantees with trading, and most of those who suicide their hard-earned money in trading end up losing rather than seeing them in profits. I think that’s what makes it more challenging, where everyone else is losing, at least you need to pursue yourself and do a lot of hardwork and market analysis so you can understand trading well and utilize all your skills, trading techniques and strategies so you can maximize trading success and make your trades productive and profitable in the end.

That's the reason why a person shouldn't have the expectations for trading too high and not view it as a life changer of sorts.
It's hard and tough out there just like in any other sphere of activity, it's just marketed heavily by those who are experienced or lucky or are paid for that kind of behavior.
Stay humble and crave knowledge first and foremost, and the profit will come to you. That's what I learned.

fikrett

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Activity: 70

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Quote from: shinratensei_ on November 14, 2024, 10:06:06 PM

I think if you're committed to learn the basic and what strategy most of people are using you'd come to understand how market works quite fast and eventually become profitable.
initially i don't really bother knowing the ins and outs of the market as I thought market is just demand and supply turns out I was wrong, though essentially market is demand and supply, there's also many thing that could affect the direction of the market, I also finds SND, SMC and the likes to be helpful as well increasing my odds of winning.

usually after you know the basic you can start gaining experience and eventually become profitable. still, market is dynamic and always changing, you'd encounter occasional lose and it's something that's out of our control but if your overall PNL for the month is great then it's still a win Grin

.

That's why we manage our risks everywhere, especially while having a session of trades and a Bull market ahead of us.
It's essential not only to stay consistent by adapting to the market but to consistently try to be cautious and cool-headed while doing so.

Topic: if you are a trader, how long it took for you to become profitable trader? (Read 973 times)