Topic: If you aren't reading you shouldn't be trading (Read 773 times)
every transaction that we will do, then we must analyze it first, so that we have a reason when doing something, so that we understand the risks and returns that will be received later, even though after that we really depend on the market that will work, at least we don't gamble , because this is a business
There are people seeing on ads or other platforms seeing that trading is just a basic thing most of them using a trading guide like they have a demo on making trade its users think that trading is just a basic factor not a difficult to understand when the user already confident about making a trade this is the time they made a decision to deposit to a platform and then this is the struggle comes because they think trading is just a basic thing predict the coming trend until reaching the set limit and that's all profit immediately but not. In some trading, it depends on the trader when they hold it or keep profiting not the system itself making a decision when is the end of the trade. Some of them didn't read the policies of the trading platform and even the different techniques so they keep lacking of information.
When you are trading you tend to collect information which can be analysis or news reports which changes or your decisions are based on but our trading should be based on something, if we are trading blindly then its much more like a gambling.
correct if you are not doing the right thing your trading is just the same way with gambling, hoping for luck
to accompany your position and if there's none you'll surely lose you money, unlike with doing it the proper
way, reading, watching and following those important information guided you to make the proper calls and have
a succeeding journey towards this business.
The age that we are in presently, it is often said that it is rule by information. If you are not informed you will be deformed. The trading platform is a very delicate place to go into without been adequately informed about how the market works. Let me share an experience I had sometimes ago, when I first knew about crypto and I was so obsessed that it is going to be an avenue for me to make quick money. Little did I know that I was shooting myself at the leg. Lost lot of money, and it did affect me so much that I had to go back to the drawing board to re-strategies on how to come back strong. Trading involves gathering enough information about the particular coin you want to trade. When you are very informed about all the information needed confidently and couple with the market trend you can proceed and make yourself proud.
Absoultely right, because smart trading has 100% depends on research. One should know about the coins and get their analysis through reading in different websites and search for it. To get to the coin actual price then only he can get a profit.
The actual problem is the "money-making mentality" actually. I mean even before we start trading we are thinking and calculating our profits which is quite a wrong way of looking at trading. During the first time, we are trading and even for first few months, the focus must be on learning as much as possible because there are countless tools in trading to learn about and even if we know a lot of them, there is no harm in learning about more such tools.Once you pick some potential coins, you must determine the capabilities of it before you're going to entrust your future profit with it. Trading is all about emotions, in order to become successful you should learn everything from scratch.
I mean we can trade without knowledge and information about the project but it's more like betting than actually trading.
When you are trading you tend to collect information which can be analysis or news reports which changes or your decisions are based on but our trading should be based on something, if we are trading blindly then its much more like a gambling.
Absoultely right, because smart trading has 100% depends on research. One should know about the coins and get their analysis through reading in different websites and search for it. To get to the coin actual price then only he can get a profit.
The actual problem is the "money-making mentality" actually. I mean even before we start trading we are thinking and calculating our profits which is quite a wrong way of looking at trading. During the first time, we are trading and even for first few months, the focus must be on learning as much as possible because there are countless tools in trading to learn about and even if we know a lot of them, there is no harm in learning about more such tools.Once you pick some potential coins, you must determine the capabilities of it before you're going to entrust your future profit with it. Trading is all about emotions, in order to become successful you should learn everything from scratch.
I mean we can trade without knowledge and information about the project but it's more like betting than actually trading.
This is not just for traders alone it's applicable to every form of digital investment which includes:
- software development
- coding
- Computer application generally
- crypto investment
Trading is not an ordinary man's job and you need to be dedicated to it and yes if you are not willing to work for progressive approach in that you should not enter this market as you will not gain anything but will loss will be more.A mix of trading strategies, market research,FA and TA is required a lot of work is there so if you can handle it all then only enter this market and be serious in game otherwise stay away from it as crypto trading is different and more risky than your other markets so you must have knowledge of what you are doing.
Our readers digest is very important, you can't just trade without having enough knowledge on what you're about to do. The money you had with you is your asset, but you can't grow it by just doing trading cryptocurrency similar to gambling. Once you pick some potential coins, you must determine the capabilities of it before you're going to entrust your future profit with it. Trading is all about emotions, in order to become successful you should learn everything from scratch.
A successful trader isn't a trader who makes consistent profit without any loss but rather a trader who knows why his trade went the opposite direction and also a trader who understand risk management.
This is one of the important in trading which most the newbies are not aware of it.Even before when I started trading, I admit that I made a lot of mistakes, especially the risk management and lack of knowledge because my mistake again for lazy of reading/asking/researching about how trading really works.
Trading is actually a long process of learning and it needs patience and eagerness to learn continuously. It's fine to commit mistakes in the beginning because that's part of learning but we shouldn't trade without enough knowledge at least about the basics of technical analysis. Trading isn't a form of gambling and it needs focus and complete understanding.
1. Funds
2. Effort
3. Resources needed
4. Researching up things
5. Experience on different scale
6. Fundamentals
and lots of more.
You should really be keen on finding and learn up these things to make yourself sustainable.
A successful trader isn't a trader who makes consistent profit without any loss but rather a trader who knows why his trade went the opposite direction and also a trader who understand risk management.
This is one of the important in trading which most the newbies are not aware of it.Even before when I started trading, I admit that I made a lot of mistakes, especially the risk management and lack of knowledge because my mistake again for lazy of reading/asking/researching about how trading really works.
Trading is actually a long process of learning and it needs patience and eagerness to learn continuously. It's fine to commit mistakes in the beginning because that's part of learning but we shouldn't trade without enough knowledge at least about the basics of technical analysis. Trading isn't a form of gambling and it needs focus and complete understanding.
Absoultely right, because smart trading has 100% depends on research. One should know about the coins and get their analysis through reading in different websites and search for it. To get to the coin actual price then only he can get a profit.
Its useless though, if you make technical but you're not updated to some news about the situation of the market. Because news nowadays is so mean in the market thats why we need to keep reading and seeking for a news that can give us information before making technical analysis, which is to assure everything is accurate and you know or you have a clue how market will react.. Because that's how useful the news to some traders nowadays especially on this situation.
News really determines market movements, indeed news is the main consideration in trading. for example when the token will be listed on binance for example, of course the price will increase, so we can buy it when the price is still low, or maybe there is global news, like the Chinese government yesterday, of course it can affect the market
Its useless though, if you make technical but you're not updated to some news about the situation of the market. Because news nowadays is so mean in the market thats why we need to keep reading and seeking for a news that can give us information before making technical analysis, which is to assure everything is accurate and you know or you have a clue how market will react.. Because that's how useful the news to some traders nowadays especially on this situation.
I used to go to a psychologist 10 years ago, it was for about 2 years. The best advice I got from her was to reflect on myself and how I feel at least once a week, just sit down, doesn't matter how long it takes but simply just talk to yourself, talk about how you are feeling talk about the first thing that comes to your mind, just imagine you are sitting in front of you and chat with yourself, you will realize how great it will feel eventually and ever since then I do that.
This is same level of advice, spend 8 hours every week to improve yourself, this could be about trading but if you do not want to do it for trading, then study history, or read a book, or do whatever that will improve you, it is really good advice. So far I have unintentionally done this since I can remember, not because I knew this advice but because I love to learn new things, so I spend sundays on learning new things, each week is a new topic and I really love it.
Once motivated, being able to explore and learn something new every week is relaxing. Many recommend reading a book to gasps new challenge and some discover something in themselves while reading. We all have different activities that can help to improve ourselves but reading is a must since researching and studying is needed in trading.This is same level of advice, spend 8 hours every week to improve yourself, this could be about trading but if you do not want to do it for trading, then study history, or read a book, or do whatever that will improve you, it is really good advice. So far I have unintentionally done this since I can remember, not because I knew this advice but because I love to learn new things, so I spend sundays on learning new things, each week is a new topic and I really love it.
Though, for sure keeping up with your day to day investments and trading does require the you to learn from time to time but I always see this as personal development and growth, and when you get to it you may even find it enjoyable
You will pick up a thing or two while reading. Though we say, experience is the best teacher but sometimes reading will help us understand the situation that we are in. Most of what we are experiencing in trading is not the first, probably a lot more traders already had the same experience, and so they can give you options on what you can possibly do to get ahead of the game. It is not bad if we are following some techniques, in that way, we will know if it is effective on our side or not. You can always change your strategy if it doesn't suit you. At least you know which ones will work to your advantage.
I used to go to a psychologist 10 years ago, it was for about 2 years. The best advice I got from her was to reflect on myself and how I feel at least once a week, just sit down, doesn't matter how long it takes but simply just talk to yourself, talk about how you are feeling talk about the first thing that comes to your mind, just imagine you are sitting in front of you and chat with yourself, you will realize how great it will feel eventually and ever since then I do that.
This is same level of advice, spend 8 hours every week to improve yourself, this could be about trading but if you do not want to do it for trading, then study history, or read a book, or do whatever that will improve you, it is really good advice. So far I have unintentionally done this since I can remember, not because I knew this advice but because I love to learn new things, so I spend sundays on learning new things, each week is a new topic and I really love it.
Once motivated, being able to explore and learn something new every week is relaxing. Many recommend reading a book to gasps new challenge and some discover something in themselves while reading. We all have different activities that can help to improve ourselves but reading is a must since researching and studying is needed in trading.This is same level of advice, spend 8 hours every week to improve yourself, this could be about trading but if you do not want to do it for trading, then study history, or read a book, or do whatever that will improve you, it is really good advice. So far I have unintentionally done this since I can remember, not because I knew this advice but because I love to learn new things, so I spend sundays on learning new things, each week is a new topic and I really love it.
if those things arent that relevant.It is just depending on someone on how they do gain up their knowledge into different sort of things neither in terms of reading books or other references
or would directly involve with real experience for them to learn up directly.There are various ways its up to someone on how they would gonna deal with it.
I used to go to a psychologist 10 years ago, it was for about 2 years. The best advice I got from her was to reflect on myself and how I feel at least once a week, just sit down, doesn't matter how long it takes but simply just talk to yourself, talk about how you are feeling talk about the first thing that comes to your mind, just imagine you are sitting in front of you and chat with yourself, you will realize how great it will feel eventually and ever since then I do that.
This is same level of advice, spend 8 hours every week to improve yourself, this could be about trading but if you do not want to do it for trading, then study history, or read a book, or do whatever that will improve you, it is really good advice. So far I have unintentionally done this since I can remember, not because I knew this advice but because I love to learn new things, so I spend sundays on learning new things, each week is a new topic and I really love it.
Once motivated, being able to explore and learn something new every week is relaxing. Many recommend reading a book to gasps new challenge and some discover something in themselves while reading. We all have different activities that can help to improve ourselves but reading is a must since researching and studying is needed in trading.This is same level of advice, spend 8 hours every week to improve yourself, this could be about trading but if you do not want to do it for trading, then study history, or read a book, or do whatever that will improve you, it is really good advice. So far I have unintentionally done this since I can remember, not because I knew this advice but because I love to learn new things, so I spend sundays on learning new things, each week is a new topic and I really love it.
Though, for sure keeping up with your day to day investments and trading does require the you to learn from time to time but I always see this as personal development and growth, and when you get to it you may even find it enjoyable
I used to go to a psychologist 10 years ago, it was for about 2 years. The best advice I got from her was to reflect on myself and how I feel at least once a week, just sit down, doesn't matter how long it takes but simply just talk to yourself, talk about how you are feeling talk about the first thing that comes to your mind, just imagine you are sitting in front of you and chat with yourself, you will realize how great it will feel eventually and ever since then I do that.
This is same level of advice, spend 8 hours every week to improve yourself, this could be about trading but if you do not want to do it for trading, then study history, or read a book, or do whatever that will improve you, it is really good advice. So far I have unintentionally done this since I can remember, not because I knew this advice but because I love to learn new things, so I spend sundays on learning new things, each week is a new topic and I really love it.
Once motivated, being able to explore and learn something new every week is relaxing. Many recommend reading a book to gasps new challenge and some discover something in themselves while reading. We all have different activities that can help to improve ourselves but reading is a must since researching and studying is needed in trading. This is same level of advice, spend 8 hours every week to improve yourself, this could be about trading but if you do not want to do it for trading, then study history, or read a book, or do whatever that will improve you, it is really good advice. So far I have unintentionally done this since I can remember, not because I knew this advice but because I love to learn new things, so I spend sundays on learning new things, each week is a new topic and I really love it.
Giving 8 hours for self-realization is a very wise idea actually and something I might consider giving myself because, during all these rush times in life, I feel we have forgotten how to reflect on ourselves and we might know what's going around the globe but we don't know what we are going through.
In trading too just like you and OP said, mastering the art is only possible if you give time and learn about things instead of just focusing on making money. It's often said that once you follow your dreams without actually thinking of making money with them, the money will follow you. Consider Elon for example, the guy wasn't fazed by the fact that he is now the richest guy in the world because he never worked for money, it's just a bi-product of his actions chasing his dreams.
I used to go to a psychologist 10 years ago, it was for about 2 years. The best advice I got from her was to reflect on myself and how I feel at least once a week, just sit down, doesn't matter how long it takes but simply just talk to yourself, talk about how you are feeling talk about the first thing that comes to your mind, just imagine you are sitting in front of you and chat with yourself, you will realize how great it will feel eventually and ever since then I do that.In trading too just like you and OP said, mastering the art is only possible if you give time and learn about things instead of just focusing on making money. It's often said that once you follow your dreams without actually thinking of making money with them, the money will follow you. Consider Elon for example, the guy wasn't fazed by the fact that he is now the richest guy in the world because he never worked for money, it's just a bi-product of his actions chasing his dreams.
This is same level of advice, spend 8 hours every week to improve yourself, this could be about trading but if you do not want to do it for trading, then study history, or read a book, or do whatever that will improve you, it is really good advice. So far I have unintentionally done this since I can remember, not because I knew this advice but because I love to learn new things, so I spend sundays on learning new things, each week is a new topic and I really love it.
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