Is trading really worth it? - page 3.

bitgov

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Quote from: TheUltraElite on July 30, 2022, 01:09:56 AM

Trading is at maximum a side hustle. It cannot be a job because of the speculative nature and the uncertainties associated with it. This applies to all types of trading.

So if a family member is willing to get into it, explain the same to them and tell them that it cannot be their main job. The main job should be one with a fixed income every month or so.

The technical analysis is pseudoscience and only correct at times. It is better used to predict rather than take decisions. Otherwise everyone doing TA would have been a millionaire already.

SOmetime - people are too fed up of jobs that they quit their low salaried job and work to benifit themself through trading and freelancing
I worked for approx 15 years but now I tired of working for others.

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So anyway, I applied as a merit source :)

Trading is at maximum a side hustle. It cannot be a job because of the speculative nature and the uncertainties associated with it. This applies to all types of trading.

So if a family member is willing to get into it, explain the same to them and tell them that it cannot be their main job. The main job should be one with a fixed income every month or so.

The technical analysis is pseudoscience and only correct at times. It is better used to predict rather than take decisions. Otherwise everyone doing TA would have been a millionaire already.

bitgov

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Quote from: Joswa Russell on July 28, 2022, 12:18:49 AM

Done with the right mindset and hard work, trading can be profitable. But whether it is profitable for you is the question. We all have different financial goals. And trading requires hard work. Are you ready to put in the work? Do you have a trading capital? Have a knowledge of all these before beginning trading. This will help you trade with proper planning.

Everything is worth doing - if it is done with good intention and not to harm other person - many people drag people into their evil mind games.
I remember once a colleague of mine tried to drag me into the trading - and wanted me to invest for him, and he will take care of my money. Thank God I came out of it. Later we got to know that he was not even aware of ABC of trading but he used to pull money out of people's pocket. And disappear.

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Done with the right mindset and hard work, trading can be profitable. But whether it is profitable for you is the question. We all have different financial goals. And trading requires hard work. Are you ready to put in the work? Do you have a trading capital? Have a knowledge of all these before beginning trading. This will help you trade with proper planning.

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Quote from: Mahanton on July 27, 2022, 05:59:53 PM

Quote from: blockman on July 27, 2022, 05:55:59 PM

It's worth it and there's no doubt about that. But if you go ahead with the actual thing, it's harder than expected and that's why many are losing because they think that it's easy. There's the sensation of it being overhyped and there's no doubt as well that many have made money from it. Even I, but there's the wrong matter on it, like having the misconception that it's very easy to trade and you just have to learn this and that and you're good to go. There's more that the newbies need to learn before they get into successful trades unless luck is part of them with their first trades.

People do end up on frustrated because this isnt how the things that they are anticipating earlier in regards with trading.Its true that lots believed that it was easy but on the time that they do experience for themselves then this is where they do realize that those things in mind is just wrong or misconception about it.Trading is worth it but its not for all people but wont really be that possible for it to be easy or dealing with.
If you do know on how to deal with yourself within markets and able to make profits.Luck is also part but we know that strategy and analysis would be the main key on making yourself survive on a market
which is really too volatile.

If they will always anticipate something good within the market, they're overreacting to it and are not prepared to face the reality that it has got. There are people that are for trading and there are those that are only for investing, there go the people that are for both of them.
The risk is quite high for being both but you know it's worth it when you feel nothing when the market is shaking. And that's the new aspiring traders needed to see why the successful traders keep on going on even though the market isn't that good sometimes.

TelolettOm

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Quote from: Mahanton on July 27, 2022, 05:59:53 PM

.....
People do end up on frustrated because this isnt how the things that they are anticipating earlier in regards with trading.....

Yes, they end up so frustrated when trading because the reality really doesn't meet expectations, moreover for newbies that have very high expectations of being richer very soon and quickly. Trading is not as simple as we are buying and selling. Trading crypto is complicated, there are so many things that must be learned. Moreover, it is not only about the knowledge that we have, but also our ability to control ourself during trading. Each element supports each other in trading. If you are falling to certain loss, this will lead you frustated and will not be worthy. But if you can learn from teh loss and make certain significant increase, trading can gve you worthier results. But once more, none is running always smoothly in this life.

Mahanton

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Quote from: blockman on July 27, 2022, 05:55:59 PM

Quote from: Quidat on July 26, 2022, 07:36:58 PM

Quote from: blockman on July 26, 2022, 06:18:48 PM

It is lucrative for those that have been doing it all days of their lives but it's not for everyone. We may see the best success stories from those traders but we can fairly say that many of them are losing more than what they're showing to the public with their wins.
I don't want to overhype trading because it could misled a newbie and that's what they usually base their decisions upon seeing others winning their trades.

Normal thing that you would really be somewhat proud of to share when you do have winning trades and its true that losses would really be more than on what you had earned
which means that we dont know the story behind on how much losses they had experienced in the past before they do able to reach out the condition on where they are profitable.
Trading is worth it but this isnt something simple that anyone could make out profits directly thats why you should not really hype yourself into something which cant
really be that easy to deal with and does really take lots of time and effort before you could reach out such condition.

It's worth it and there's no doubt about that. But if you go ahead with the actual thing, it's harder than expected and that's why many are losing because they think that it's easy. There's the sensation of it being overhyped and there's no doubt as well that many have made money from it. Even I, but there's the wrong matter on it, like having the misconception that it's very easy to trade and you just have to learn this and that and you're good to go. There's more that the newbies need to learn before they get into successful trades unless luck is part of them with their first trades.

People do end up on frustrated because this isnt how the things that they are anticipating earlier in regards with trading.Its true that lots believed that it was easy but on the time that they do experience for themselves then this is where they do realize that those things in mind is just wrong or misconception about it.Trading is worth it but its not for all people but wont really be that possible for it to be easy or dealing with.
If you do know on how to deal with yourself within markets and able to make profits.Luck is also part but we know that strategy and analysis would be the main key on making yourself survive on a market
which is really too volatile.

blockman

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Quote from: Quidat on July 26, 2022, 07:36:58 PM

Quote from: blockman on July 26, 2022, 06:18:48 PM

It is lucrative for those that have been doing it all days of their lives but it's not for everyone. We may see the best success stories from those traders but we can fairly say that many of them are losing more than what they're showing to the public with their wins.
I don't want to overhype trading because it could misled a newbie and that's what they usually base their decisions upon seeing others winning their trades.

Normal thing that you would really be somewhat proud of to share when you do have winning trades and its true that losses would really be more than on what you had earned
which means that we dont know the story behind on how much losses they had experienced in the past before they do able to reach out the condition on where they are profitable.
Trading is worth it but this isnt something simple that anyone could make out profits directly thats why you should not really hype yourself into something which cant
really be that easy to deal with and does really take lots of time and effort before you could reach out such condition.

It's worth it and there's no doubt about that. But if you go ahead with the actual thing, it's harder than expected and that's why many are losing because they think that it's easy. There's the sensation of it being overhyped and there's no doubt as well that many have made money from it. Even I, but there's the wrong matter on it, like having the misconception that it's very easy to trade and you just have to learn this and that and you're good to go. There's more that the newbies need to learn before they get into successful trades unless luck is part of them with their first trades.

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Quote from: blockman on July 26, 2022, 06:18:48 PM

Quote from: Zilon on July 25, 2022, 04:30:04 AM

Trading is lucrative if patience and emotional control is at its maximum priority. No strategy is 100% guaranteed be it technical or fundamental. The only advantage this analysis provide is prices tends to repeat this patterns often times in the market so traders tries to make their speculations around this price formations. SO far many people have made millions of dollars from trading and more are still counting. If he has the passion to trade you support him but he should be told the risk involved

It is lucrative for those that have been doing it all days of their lives but it's not for everyone. We may see the best success stories from those traders but we can fairly say that many of them are losing more than what they're showing to the public with their wins.
I don't want to overhype trading because it could misled a newbie and that's what they usually base their decisions upon seeing others winning their trades.

Normal thing that you would really be somewhat proud of to share when you do have winning trades and its true that losses would really be more than on what you had earned
which means that we dont know the story behind on how much losses they had experienced in the past before they do able to reach out the condition on where they are profitable.
Trading is worth it but this isnt something simple that anyone could make out profits directly thats why you should not really hype yourself into something which cant
really be that easy to deal with and does really take lots of time and effort before you could reach out such condition.

blockman

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Quote from: Zilon on July 25, 2022, 04:30:04 AM

Trading is lucrative if patience and emotional control is at its maximum priority. No strategy is 100% guaranteed be it technical or fundamental. The only advantage this analysis provide is prices tends to repeat this patterns often times in the market so traders tries to make their speculations around this price formations. SO far many people have made millions of dollars from trading and more are still counting. If he has the passion to trade you support him but he should be told the risk involved

It is lucrative for those that have been doing it all days of their lives but it's not for everyone. We may see the best success stories from those traders but we can fairly say that many of them are losing more than what they're showing to the public with their wins.
I don't want to overhype trading because it could misled a newbie and that's what they usually base their decisions upon seeing others winning their trades.

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Quote from: Vaculin on July 26, 2022, 05:48:37 PM

Quote from: BlackHatCoiner on July 06, 2022, 06:46:38 AM

Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.

I've used to read experts' discussions, papers, books and the like, but I find no such stuff on trading. It's a very vague term anyway. Are there really people who just "buy low and sell high", making a living by just doing that? I can't comprehend how can a person seriously make a living by something that looks complete gambling, instead of providing goods, services, work etc.

If your brother is fully convinced that trading will definitely sustain his daily needs, then maybe he has seen a lot of traders with huge success or he believes in himself that trading will bring a lot of profits in his life. You should support him instead, than discouraging him all the time because you think trading is not worth doing. Yes, trading will always bring losses for traders as its always inevitable, but for those who have developed their skills and proven strategies in trading, its certain that they will be taking advantage on the marke.

Dont discourage but instead you should really tell him about the cons and pros of this market which it would really make him at least aware on the possible things that he might encounter ahead and wont really be ending

up on becoming too reactive or impulsive since he's already aware on possible things that he might encounter.Learning trading wont really be that easy and wont really be just involving a short span of time which means

that you could really make yourself effective into this market but that wont really be simple as it sounds.Trading is worth it if you could able to make yourself sustain and just like on what others been saying that this isnt for everyone which even if you do see that other people are making profits but you dont know on how long they've been dealing off with this market before they could able to handle it out.

Vaculin

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Quote from: BlackHatCoiner on July 06, 2022, 06:46:38 AM

Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.

I've used to read experts' discussions, papers, books and the like, but I find no such stuff on trading. It's a very vague term anyway. Are there really people who just "buy low and sell high", making a living by just doing that? I can't comprehend how can a person seriously make a living by something that looks complete gambling, instead of providing goods, services, work etc.

If your brother is fully convinced that trading will definitely sustain his daily needs, then maybe he has seen a lot of traders with huge success or he believes in himself that trading will bring a lot of profits in his life. You should support him instead, than discouraging him all the time because you think trading is not worth doing. Yes, trading will always bring losses for traders as its always inevitable, but for those who have developed their skills and proven strategies in trading, its certain that they will be taking advantage on the marke.

Sanitough

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Quote from: BlackHatCoiner on July 06, 2022, 06:46:38 AM

Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.

I've used to read experts' discussions, papers, books and the like, but I find no such stuff on trading. It's a very vague term anyway. Are there really people who just "buy low and sell high", making a living by just doing that? I can't comprehend how can a person seriously make a living by something that looks complete gambling, instead of providing goods, services, work etc.

There won't be professional traders in the market if their job is not profitable in the first place. For them, trading is definitely worth it. But for others who have no clear passion in trading, and only sees it as another form of gambling, trading is certainly not real and not worth it. Sometimes, what we think the small things and the most underestimated is what brings the fortune for others.

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Quote from: BlackHatCoiner on July 06, 2022, 06:46:38 AM

Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.

I've used to read experts' discussions, papers, books and the like, but I find no such stuff on trading. It's a very vague term anyway. Are there really people who just "buy low and sell high", making a living by just doing that? I can't comprehend how can a person seriously make a living by something that looks complete gambling, instead of providing goods, services, work etc.

Trading can be very risky since you can lose all your funds with just a single wrong move. However, if you have the skills in making good market analysis and you know the right time to buy and sell, trading will always be profitable on your part. In fact, a lot of millionaires were made from trading, but always know that they have lose a huge amount first before they end up making a fortune. Everyone started from a scratch, but as long as they are motivated to learn and have great passion in trading, there’s less chances that they will fail in trading.

Newlifebtc

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Trading is a strategist and I believe that trading is something that when you look very well you understand that without being serious into it you can not be able to make it because threading need a lot of concentration and the a lot of how in order to make it I believe driving ban come into different aspects so when you are not concentrated towards it it is obvious that all what you generate we walked away

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Trading is lucrative if patience and emotional control is at its maximum priority. No strategy is 100% guaranteed be it technical or fundamental. The only advantage this analysis provide is prices tends to repeat this patterns often times in the market so traders tries to make their speculations around this price formations. SO far many people have made millions of dollars from trading and more are still counting. If he has the passion to trade you support him but he should be told the risk involved

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Quote from: gabbie2010 on July 24, 2022, 10:24:29 PM

Quote from: GeraldTucker on July 20, 2022, 01:07:15 AM

It can help you make money, for sure. But is it ideal for you or not is the question. Do you have the skills? Do you have a strategy? Can you control emotions? There is no definite answer

The first priority of becoming a trader is to learn the skill without any skill such a trader is bound to lose, of course a trader can earn a living as a full time trader, however this comes with a lot of experience in both technically and fundamental analysis including long hours of charting time plus control of emotion while trading with a strategy, there are good numbers of traders who trade for a living and earning decent money consistently, I think the OP needed to educate his brother to follow all the necessary procedure and learning paths towards becoming a successful trader and risk attach to it.

experience is the best teacher to find trading techniques that suit us. it looks easy, but will be able to find out the difficulty if we are already trading in real. and it's our job to correct mistakes in trading until it becomes an experience. Of course, there will be complex problems that must be solved, so that it requires heavy steps before gaining glory in the world of trading, Of course, from natural selection like this, fewer traders will succeed in overcoming obstacles, and more of them will fail, with the biggest problem being their own psychological control.

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Quote from: GeraldTucker on July 20, 2022, 01:07:15 AM

It can help you make money, for sure. But is it ideal for you or not is the question. Do you have the skills? Do you have a strategy? Can you control emotions? There is no definite answer

The first priority of becoming a trader is to learn the skill without any skill such a trader is bound to lose, of course a trader can earn a living as a full time trader, however this comes with a lot of experience in both technically and fundamental analysis including long hours of charting time plus control of emotion while trading with a strategy, there are good numbers of traders who trade for a living and earning decent money consistently, I think the OP needed to educate his brother to follow all the necessary procedure and learning paths towards becoming a successful trader and risk attach to it.

bitgov

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Quote from: wagmi on July 24, 2022, 06:15:21 AM

Quote from: rojan on July 23, 2022, 09:44:17 PM

I think you are right if one understands trading then it is very easy for him and if one does not understand it is very difficult for him if one understands trading

It is not possible to "understand" trading, as it's only based on luck, bro. It's 50 percent chance.
People will lose huge sums of money because nobody can predict crypto markets. Do you known, where Bitcoin's price will be tomorrow or next week? Nobody knows.
Because if, such people would be rich already.

Only prediction is long term and Bitcoin will go up because it is a store of value.
Bitcoin is scarce because it is capped. No inflation, no new coins mined.

= value will go up per coin.

No need to make risky trades.

wagmi

...I think everything is worth doing - unless it is done right way.
Trading too has pros and cons - some people are very good in trading but there is too much mind game involved. So one should be very active.

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Quote from: rojan on July 23, 2022, 09:44:17 PM

I think you are right if one understands trading then it is very easy for him and if one does not understand it is very difficult for him if one understands trading

It is not possible to "understand" trading, as it's only based on luck, bro. It's 50 percent chance.
People will lose huge sums of money because nobody can predict crypto markets. Do you known, where Bitcoin's price will be tomorrow or next week? Nobody knows.
Because if, such people would be rich already.

Only prediction is long term and Bitcoin will go up because it is a store of value.
Bitcoin is scarce because it is capped. No inflation, no new coins mined.

= value will go up per coin.

No need to make risky trades.

wagmi

Topic: Is trading really worth it? - page 3. (Read 1472 times)