Topic: Is trading really worth it? - page 2. (Read 1693 times)

Everything is worth doing as long as they are beneficial and you are not harming anyone..Xox
People are always on the move to use people get the last penny out of their pocket. and then degrade them like they have done a big crime by helping them

Trading is worth it if you already invested your knowledge about the fundamentals of the training concept many traders always forgot the basics that's why they keep losing their trades. Also, knowledge is the best investment before getting into it because it takes a lot of ideas patterns, and candles before achieving the speculation into a trade, and make it is verified before making a position. Also budget is a must here and as a trader, we need to protect our money we experience some loss but in the end, we focus on the profit. If you are willing and make it a passion for sure it is easy to make a trade.

it is very unwise to take risks without seeing one's own abilities. If you continue to force it, you will not gain but the losses that will come. trading will be totally worth it if you know the trading knowledge even if it's just the basics. It is not recommended for those who are still beginners to trade, because it is the same as gambling without knowing any risks and limitations. Improving thinking and knowledge about trading will be very important and will be the main advice for newbies who keep coming.

When we don't know much about anything, I don't think it's wise to decide to take risks,
because as you said sooner or later it will make you lose everything so think carefully,
it's very important and hopefully they should realize how important it is to improve their thinking or knowledge

If you don't have good knowledge about something, it will be foolish to take maximum risk. Now the market situation will be very bad. If you go to take more risk, then you are likely to lose everything.  What I think is that you can buy some coins now if you want with advice from good experienced people.  Or if you want, you can increase your thinking by looking at the market now.  You can use it later. It is not good to do anything suddenly.

Definitely worth it!, because if you only hold altcoins or bitcoins,
of course you will experience frustration and you can lose your capital because holding altcoins or cryptocurrencies is too long,
especially now that many altcoins are down 90% of their ATH, more good trade right?

I can appreciate what your friend is telling you. At least he is honest that this is not for everyone. Maybe, he already formed his strategies and very familiar with the market, so he can earn profits even as scalper or day trader. If you are new to trading and you only have small bankroll, for sure, emotions will be a part of your journey. And that is hard to control if you only have small funds and some of it are necessary to your living.
I think, if someone is just starting in trading. Don't quit your job yet, try with small funds in trading and learn the ropes. Once you get the grasp of it and you are already starting to earn, then, think if you can increase your budget. You can only quit your regular job if you are confident with your trading results.

I have a friend. he was the one who introduced me to the crypto world.
he is the one who supports his family from the daily trading results. he's a scalper. and as far as I can see his life seems well off.

but he never told me that not everyone can do it. especially for a beginner. then he will suffer a lot of loss. not because of high fluctuations. but because the emotions of a beginner are difficult to control. he said that psychological control will only be formed when experienced. because experience is what makes it. so he didn't even suggest me to follow him as a day trader who made his main job. unless it is only used as a sideline with a set time so that it is not too long.

and I wanted to quit my job because I wanted to become a day trader. but i didn't get out. because it turns out that for a beginner like me it is very difficult to get used to market conditions which are quite draining on the mind and emotions.

but seeing my friend who is a day trader, trading seems easy. and it actually buys at the bottom and sells at the top. Market analysis can be studied anywhere. and read in many places in cyberspace. but emotional control will only be formed by itself by the experience gained.
that's a saying I got from my friend who is a day trader. and he made day trading his main job. but he didn't recommend anyone to follow him. unless the person is really experienced in dealing with market situations. and market analysis is also of course the most basic thing. and the most difficult is controlling emotions and greed.

Actually, quite a lot of people have proven that trading is very feasible and a good source of income. Even my own friends have become rich
because they are focused and serious about trading. But it all depends on ourselves who will make the trade, as you said as long as we do it
positively, we should be able to make a profit from trading. And if we have managed to make a profit from trading, of course trading becomes
worth doing. So if we want to be successful traders, and make trading something worth doing, we have to take trading seriously. This means
that we prepare everything well when trading, starting from preparing capital for trading and also our readiness to trade.

Everything that is done with passion and positivity will always be profitable in the long run. Although trading may simply look like gambling for others, but for good traders who definitely give their most of the time learning in trading and gaining experiences, that’s like their investment. And when trading starts to bring profits and prosperity in your part, trading has become worth doing.

Anything which does require knowledge and skills and then you do decide to make out some engagement or involvement then it would really be considered as gambling.People do really look
or find out trading to be an easy way to make yourself rich which is possible but when you are on the actual situation then this is where real thing happen begins.
Trading is worth but this is something that you cant really handle out easily without proper time and effort that had been made. You cant really just
dive in without having good or enough preparation because thats not how things works.

one of the reasons why people do as the question that OP had asked is due to the fact that they either don't do research before trading and they don't learn the basics etiquette, if there is no knowledge before trading its simply gambling. There ought to be a plan, either weekly or monthly goals, it's not that possible to always win a trade every day, sometimes its better not to trade either a day or two, trading really worth it in as much as you do your research thoroughly and invest what you can afford to lose don't let emotions get over you

I personally feel like persistence is the key to successful crypto trading. The market is so volatile that sometimes we forget that value lies in utility and persistence will most likely pay off although sometimes holding for too long can be dangerous as well. People consider crypto trading as a quick means of making money but that's not true because even something as volatile as crypto trading requires some level of analysis and patience.

Ask yourself a few questions and continue if the answer is yes:

1- Are you able to give it time just like you would to any other business/service?
2- Do you have the time required to learn the basics?
3- Most importantly, do you have some spare funds to trade and learn because you will face loss initially and might never recover.

If you want more security in your life, trading as your only source of living will most likely to be very risky as everything in trading is always unpredictable. Even professional traders still lose in trading, so how much more for amateurs? Mate, if you are a family man, go get another stable job that will sustain your family basic needs. Trading is good and profitable, but it does not guarantee sure profits most of the time.

Trading will mostly fall into complete gambling if you only see it as another rich-quick scheme. While gamblers have the greed for money, traders are more on passion and skills, and good strategies that will give them future profits. Although the end part is still to gain a living, but the process are different. And most likely, trading with skills and proven strategies will never go into waste and will always bring huge profits in the table.

Everything you said and then you need to be honest to yourself because trading isn't meant for everyone and some people don't realize that. No matter how hard you try certain things aren't made for everyone and I'm not saying one is a born trader because no one is, but there are some qualities that can make you a successful trader. You may consider an example; no matter how hard a fish tries, but cannot fly and no matter how hard a monkey tries, he cannot swim.

Give it some time and if things are working out well, continue, else just quit. Another important thing when trading is to ensure you are not making the same mistakes repeatedly because that is a clear sign of you not learning everything. I was almost addicted to meme coins a year ago or so and would wonder why I was losing money but after a while, I realized and rectified it.

There's no such thing as perfect trading at the beginning of our trading journey. We will experience losses no matter how we try to avoid them but there's still a good thing about that. We could hold those failed experiences as our lesson so we could grow as traders because it's really a long process of learning. We can't be successful in trading without experiencing losses as part of it.

Trading can give you profit but sometimes it may cause loss because in every field there is always some kind of losses with success. There is no such a field in which you will continuously win. But remember that trading requires expertise and knowledge that will make you successful in future because if you have no knowledge about something the you will definitely loss your profit so think and know before selecting something.

many people are bored with real life work, so am I but I don't take too much risk by leaving it and focusing on trading.
Crypto trading is very risky in my opinion even though it is very wort it but there are many things to consider because we don't know for sure when the loss will come so I anticipate it by choosing to keep working in my real life for the cost of my life, I think it's better . work in real life and keep trading for more money without having to take excessive risks.

At this time in the market I cannot operate, because I simply have no idea what can happen, I have taken to studying other options, such as the use of bots or perhaps the so-called copy trading, but I think I do not do it, it is not for lack of knowledge, but because never before has it been faced with events like the ones we are experiencing now, danger of nuclear war, pandemic, possible fall of the world economy, in reality it is not known what can happen and if it will happen, I think those are the reasons why I don't risk operating.