Topic: if you are a trader, how long it took for you to become profitable trader? - page 3. (Read 1586 times)

The market right now is pretty volatile - lots of opportunities.
If you bought coins beforehand - only hold, that would be the stable option right there.
If not - try your expertise, analysis, and luck - and put some work into motion.

I think most of the traders prefer to hold for long term rather than trading as it is possible to get better returns from here. Must have proper knowledge about trading before trading. In trading there are always huge expectations and losses take time to recover. Here is a strategy that will work in short term and day trading if you know it. It is essential to first understand what trend following means and understand the basics of why and how it works. A correct trend in trading is to follow a sustained directional price of the particular security traded.

When it comes into those huge gains on which a certain trader would really be able to do so and showing it publicly on social media then just like what you've said that there's no way that we can be able to tell whether its just simply flexing out or they do really that totally trying to hook up people for them to be followed and will be asking for some sub fees but actually if you do really think up sensibly on why the heck they will really be trying out to have those kind of source when they could actually be able to do it on the moment that they will really be making some profitable trades? Sometimes it isnt really that so hard to make up some questions basing up on the reality that you are really that able to see around. As for being a trader then it will really be just that depending or basing up on how good your are on learning up things. I do agree on to those things above that learning duration will be basing up on how well you do able to learn up everything along the way on which we know that not all people will really be having that good memory when it comes on memorizing or remembering things  and thats why on the time or moment that they will really be able to encounter on the same scenario on their trading sessions then there are those traders who do really knows on what are the things that they should gonna do since they have experienced it earlier, and there is that still continue to make mistakes just because he had just simply forgotten. 

The reason why I said weekly is because at least some traders who doesn't stress much with their trades will always trade just maybe twice or thrice in a week and they try to take positions that they have had enough conformation of making profits. That why I said weekly, some scalpers experienced lots of losses too.

Not only earning money weekly, some traders even can earn money daily.
If people do daytrading, they will take profits daily. However, we can't expect to earn huge profits in daily. I'm sure those people who do daytrading won't target to get profits very significantly.

Traders or investors must avoid to be greedy. This will make us to feel unrealistically. If we start to feel greedy, we usually set the target too high. Instead of reaching the target, mostly we fail to end up with earning profits. There are many cases that people fail to succeed in crypto because they feel greedy. We must learn from those cases, don't blindly set the targets without considering reasonable factors!!

Yes, you can't approach trading like a get rich quick scheme, you have to trade for a very long time and be patient and learn about trading for years to be a great one. Experience is the most important weapon a trader can have, and the more ou spend time on it, the better you will get and after that you are going to end up with a lot of money on trading as well, should be a great future for you without much trouble.

I believe we are going to see this growing as much as possible, and for that reason I believe we need to consider this as something that will benefit for the long term. I hope that we can see people understanding how hard it is to be a good trader and how hard they have to work for it, instead of thinking they can follow some twitter influencer and can get rich, way too many people do that. It's possible to make money from crypto trading, we just need to make sure that none of that happens too quickly, and we give proper effort to it.

It will not be difficult to increase a small deposit by 2 times using leverage. It will be much more difficult to double it if it is 10-20 thousand dollars. But it must be remembered that as easy as doubling a deposit, it will also be easy to lose it.

You are right, there are some traders that are making money from trading almost every week, although they do experience losses too but for the expert traders who applies a good risk management strategy, there win rate is usually higher than the losses they get and they still remains profitable in their trading journey. If a trader treats trading as a get rich quick scheme, they will become greedy and can lose more than they expect but if they handle it like a proper business, they will get profit consistently.

Of course 2-3k per month is possible. But unfortunately a stable income is not likely with trading. Sometimes you get 1k, 10 dollars or nothing at all for half a year. Do not think trading can replace a steady income source.

But the question should really be how much money are you trading with? Because it is easier to make 2-3k if you are trading with 200-300k rather than 20-30k. That's 1% against 10% per month. Obviously earning 1% is more do-able than 10%. But if you have like 500 dollars to trade with, then you are not going to make 2-3k per month, no matter how good of a trader you are.

There are traders decide to do that, but actually not all traders are the same as what you have said here. Since there are some traders show their result maybe just to flaunt their gains and celebrate it. We can't also deny that there are people choose to hide their gains since they don't want to get disturb since we know there are so many people creating unnecessary commotion that provably can disturb those people who want to remain silent and secretive on their trades made.

If they see someone offering a certain like to good to be true offer then usually and say something that they can bring a passive profit to them if they invest or let them handle their trades since for sure they are dealing with the scammers so better avoid people offering a to good to be true schemes to them.

The more often you jump in, the faster you will understand and make profits in crypto trading, but whatever you do, prioritize learning, don't imitate, Crypto trading is successful because a person has a lot of experience, except for spot trading, while margin and futures require established knowledge to be successful.

That's why I trade on the crypto market, it only takes a few months, to get good results, the more experienced you are, the more you can do, remember crypto trading is quite risky so you need experts to accompany you for success.

You are probably talking about public traders, because there are traders who do not show their results publicly, that is why I think we do not see all the statistics regarding the number of successful traders. I also think that most of them care about their privacy in order to remain invisible to others. Money loves silence, you need to remember this and it is better not to show off your successes, because I very often see stories about extortion from scammers.

Speaking of this one, I have some losses and wins on my trades along the way.
At around 10 trades that I'm doing, I'm having 1-2 losses on those 10, but overall, I'm still at profit.

As a day trader, there will be days where you will end up losing on your trades but what's more important is that you recover those losses and end up making profit because that's what trading is all about. I would rephrase what you said where "you lose some, you win some" into "you lose some, you win MORE". As for the losses that I've experienced in the past few weeks, I realized that I'm overleveraging hence, I lessen my leverage and made more trades to cover it.

If you're trading on futures, doubling your initial capital would be easier. I started with a small amount, so I guess it's easier to double it. It took me around 2 weeks more or less to double it, and I've experienced losing trades along the way as well.

If you know some real traders who are living a good life, then that proves that traders could be making money in the market constantly. With experience and expertise they develop in trading, it help them to become profitable in their trades. However, there could be uncontrolled losses but as long as they make more money compared to the amount of their losses, then that’s good to say that they are still doing well in trading, financially and emotionally.

You wont really be able to move forward if you wont really be that able to make yourself wary or aware into the things that you are dealing on with on which it will really be that commonly suggested that
on every things that you are really that getting involved with then its just right that you do really need up to do all possible sorts of things on which you do know that this could really be bringing out that kind of
benefits in the long run and since we are talking about trading and the skills you would really be needing up to learn then this would really be that basically needing up that kind of time and effort on which you will really be needing to put up to get a good hold of it. There's no way that you could be able to learn up trading in shortest time as possible no matter how fast learner you would be.

Dont set out some limits or time or duration on how you would be able to learn up trading completely because this isnt something can be considered a race but rather its something that do talks or pertains
on how you would really be able to survive in longer runs and make yourself that sustainable. Tons of traders do really failed up when it comes into this aspect just because of having no patience
or really just that being that too optimistic that they will really be able to achieve such skill in a short period of time, not until the time or reality takes place.

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.

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

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.

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.

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.