It is possible to make a profit by trading - page 7.

goinmerry

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Quote from: GoodLuckHK on December 28, 2021, 02:37:31 PM

I have been trading for a long time. However, it is not always possible to benefit. In some cases there is a possibility of loss. After facing huge losses, I have benefited again after a long time. Bought 3k$ from a seller with current price of k 10k$. However, the dollars have not been set at present. Currently using trading. So I think the most beneficial. What do you think?

There's no 100% success rate in winning trades, newbie or not, and you as a long-time trader, sure already knows that. Just try and try. It's impossible that while trading for long, you weren't able to learn some strategies.

Don't treat these losses as a problem but instead, take that as your reference on your future actions.

Quote from: GoodLuckHK on December 28, 2021, 02:37:31 PM

Bought 3k$ from a seller with current price of k 10k$. However, the dollars have not been set at present.

I didn't understand a bit this part.

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Quote from: GoodLuckHK on December 28, 2021, 02:37:31 PM

...Currently using trading. So I think the most beneficial. What do you think?

Almost all newcomers lose their money when they set a goal to increase their capital using toggles. At the same time, those who decide to use margin trading lose their money almost after one unsuccessful deal. This is not a place where you can make a profit without experience and knowledge.

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Quote from: Cling18 on December 29, 2021, 08:51:22 AM

Trading is definitely profitable especially if you have enough knowledge and skills on how to do it. It only requires a long process of learning so you'll have complete knowledge on how to deal with every market situation. You could apply the basic strategy which is to buy low and to sell high but accumulating more skills about trading would be an advantage.

There are 3 basic components of crypto trading, according to me

1- Enough patience to hold during the market is down.
2- Maturity that doesn't let you get greedy when the market is excited
3- The basic ability to read charts and predicting the movement roughly, no one can predict sharp movements of course.

Once you have these qualities and you have a good background of funds management then you should do well overall. Then there are some people for whom trading isn't meant to be so if you fall in that category, skip trading.

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Quote from: Cling18 on December 29, 2021, 08:51:22 AM

Trading is definitely profitable especially if you have enough knowledge and skills on how to do it. It only requires a long process of learning so you'll have complete knowledge on how to deal with every market situation. You could apply the basic strategy which is to buy low and to sell high but accumulating more skills about trading would be an advantage.

Trading could really give that thing but be sure that you would really be that mindful about the risks involved on it and not just diving in and being hopeful that it could make you rich
because this isnt how it works and you would find it out once you had engage into trading.Yes, of course it could give out the chance on making profits but also it could be
resulted into loss and this is the both things which you could definitely able to experience this is why making yourself sustainable should really be your main priority.

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Quote from: GoodLuckHK on December 28, 2021, 02:37:31 PM

I have been trading for a long time. However, it is not always possible to benefit. In some cases there is a possibility of loss. After facing huge losses, I have benefited again after a long time. Bought 3k$ from a seller with current price of k 10k$. However, the dollars have not been set at present. Currently using trading. So I think the most beneficial. What do you think?

To be sincere trading is very profitable however before becoming a good trader it takes a lot of time and efforts in learning, practicing with demo and real live trading in which losses are inevitable, how to manage your risk will enable you to have an edge over the market, but all these requires thorough trading skills acquisition and knowledge whick takes time to be accomplished, personally I have been trading live with a small account and also having mixed results just trying to tweak my trading strategy after consistent in profit I will increase the fund in my account.

palle11

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Quote from: GoodLuckHK on December 28, 2021, 02:37:31 PM

I have been trading for a long time. However, it is not always possible to benefit. In some cases there is a possibility of loss. After facing huge losses, I have benefited again after a long time. Bought 3k$ from a seller with current price of k 10k$. However, the dollars have not been set at present. Currently using trading. So I think the most beneficial. What do you think?

Trading is either you profit or you lose. Those are the two things involved in it so a trader should be prepared for losses that is part of it all. You are lucky to make profit but it doesn't come to you all of the times you put out order, time for losses and time for profit taking is also included. But you didn't mention the coin you got profit on.

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You made basically the normal trading which is buying low and selling high your assets. If you want to become possible to earn with the trade I recommend making a futures trading this might test all of your knowledge, skills and experience for over the market. Also, it depends on your trading plan are you willing to make a trade with a long term or short term trading so you have time management and time allotment for your trading plan.

Dubb1717

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It seems like its difficult but not impossible with experience and knowledge. Are there any solid learning material anyone can recommend for beginners?

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Quote from: GoodLuckHK on December 28, 2021, 02:37:31 PM

I have been trading for a long time. However, it is not always possible to benefit. In some cases there is a possibility of loss. After facing huge losses, I have benefited again after a long time. Bought 3k$ from a seller with current price of k 10k$. However, the dollars have not been set at present. Currently using trading. So I think the most beneficial. What do you think?

i don't understand what do you mean at the last part. but yeah mate no one cannot skip losses when it comes trading because that's what it's and it's normal scenario. But if you're a good trader one losses or 2 cannot bother you because for example if trade 10x a day you still have chance to regain those losses and you can still bring your profile green after all. Unless if you don't have good strategy because that's a problem. Grin

perla

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Of course that's why most people are into trading, it is to make profit it's always a profit and it is what is on the mind of all traders but just because it is possible to earn doesn't mean that you are going to earn. There is still a chance and actually a high chance of losing trade rather than earning if you are not that careful.

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Quote from: GoodLuckHK on December 28, 2021, 02:37:31 PM

After facing huge losses, I have benefited again after a long time.

This is usually the cycle of things and how things happen, you win some and you loose some, and it is also applicable in trading as well. As you have already mentioned that you have been a while in trading, you must have had experiences and heard stories of other traders as well, and by now you should be aware that there is no perfect trading strategy that completely eliminates losses. However the aim is to constantly (because strategy changes with time) have a strategy that reduces the frequency and degree of losses you make to the bearest minimum. So OP, it is possible to make good profit from trading provided you keep your strategy updated and stay on trends. There is no one time perfect strategy in trading, so it is not just about getting a new strategy, but learning to develop, improve & update your trading strategy.

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Trading is definitely profitable especially if you have enough knowledge and skills on how to do it. It only requires a long process of learning so you'll have complete knowledge on how to deal with every market situation. You could apply the basic strategy which is to buy low and to sell high but accumulating more skills about trading would be an advantage.

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Quote from: GoodLuckHK on December 28, 2021, 02:37:31 PM

I have been trading for a long time. However, it is not always possible to benefit. In some cases there is a possibility of loss. After facing huge losses, I have benefited again after a long time. Bought 3k$ from a seller with current price of k 10k$. However, the dollars have not been set at present. Currently using trading. So I think the most beneficial. What do you think?

As I understand it, you bought at the rate of 3 thousand dollars and now the price tag is already 10 thousand dollars ..? This is an excellent investment that has paid for itself almost three times. Although if you were constantly in the trade with the same means and you have the skills of a trader, you could succeed even more.

toast

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Of course trading is beneficial if you know how to trade and take advantage of any market situation but also you should also know the risk of trading since not all the time you are going to take profit from the market. That's why you should understand that you should only deposit and trade what you can afford to lose and use only 1%-2% of your total capital to enter a position.

yhiaali3

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Of course, it is possible to profit through trading, but this is not so easy. There are many conditions that must be met for success and there is a possibility of loss as well. If you are always losing, you should reconsider your trading strategy because there must be something wrong, you have to be patient and try to constantly develop your experience By learning and taking advantage of your mistakes, the important thing is not to give up.
If you do not have enough experience with trading you can try other things like stacking some good rank coins or framing on some exchanges with good returns.

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Quote from: GoodLuckHK on December 28, 2021, 09:57:35 PM

Yeap, you're right. It is ~~not~~ possible to make a profit just by trading. There are some trades that can be profited in a short time and there are some trades that take a long time to make a profit. But you have to understand which trade will be good for how long. You need to know about the market all the time.

You mean possible. For the long time before you make a profit, it's either you're a holder or you're just waiting for that coin you hold to have its momentum of increasing. I'm that type of investor and trader that waits for the coins I hold to move up and then I'll eventually sell them. But the twist is that most of those altcoins that I've chosen in the past and still hold today, they no longer moved up. That's a mistake that I've made for those investments but gladly learned a lot from them and made me stronger on this market that's really hard to predict so I stayed to the strongest coins to hold.

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Quote from: GoodLuckHK on December 28, 2021, 02:37:31 PM

I have been trading for a long time. However, it is not always possible to benefit. In some cases there is a possibility of loss. After facing huge losses, I have benefited again after a long time. Bought 3k$ from a seller with current price of k 10k$. However, the dollars have not been set at present. Currently using trading. So I think the most beneficial. What do you think?

I doubt that you are a Long time trader or if you really are then you are not learning from it, because the way you talk here is sounds like a Newbie that pretending to be a Pro Trader.
Buying 3k and now gaining to 10k is enough to say that there is a Big profit yet asking like that?
better to learn more before claiming to be a Long time trader, and besides you are a HOLDER right? and not a day trader as you are not moving forward from that longer time.

Quote from: HeartHk_15 on December 28, 2021, 09:43:39 PM

Quote from: Victorik on December 28, 2021, 02:48:57 PM

Yes we are advised to chat for a short period of time. Because it is possible to make a lot of profit in the short term. I found out about this through this post.

Quote from: HeartHk_15 on December 28, 2021, 09:43:39 PM

Quote from: Victorik on December 28, 2021, 02:48:57 PM

Yes we are advised to chat for a short period of time. Because it is possible to make a lot of profit in the short term. I found out about this through this post.

What do you mean by we are advised to Chat? in where? in groups or here in forum?

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Quote from: GoodLuckHK on December 28, 2021, 02:37:31 PM

I have been trading for a long time. However, it is not always possible to benefit. In some cases there is a possibility of loss. After facing huge losses, I have benefited again after a long time. Bought 3k$ from a seller with current price of k 10k$. However, the dollars have not been set at present. Currently using trading. So I think the most beneficial. What do you think?

I know that only 1 trader from 10 is capable of making money. It is easy to benefit when it is a bull run, however, only a small part of traders can cope with bear market and continue making profit. I know many traders who don't earn anything in the long term. They know a lot of patterns and indicators and sometimes they earn a lot, but then they anyway lose.

GoodLuckHK

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Quote from: Darker45 on December 28, 2021, 09:41:47 PM

It is possible to earn from trading just as it is also possible to have losses from it. That's what you've experienced, right? You said you are a long time trader. I guess there is no trader who is so good he/she did not ever experience a loss. Especially in crypto where volatility is high, it is more or less common for the prices to have sudden dips, huge ones even. So if one cannot handle such movements in the market, one should better be a hodler.

Yeap, you're right. It is not possible to make a profit just by trading. There are some trades that can be profited in a short time and there are some trades that take a long time to make a profit. But you have to understand which trade will be good for how long. You need to know about the market all the time.

lienfaye

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Its possible to profit in trading as long as you know what you're doing and has a plan and strategy to follow in order to maximize your chance to earn.

However, sometimes losing is inevitable (due to unexpected market movement or wrong decision), but if you know how to handle losses and had learned something from the experience then you'll do better as a trader.

But not everyone can succeed as a trader. Thus if you're determine to profit from trading you need to fill your mind with knowledge that can help you to better understand its nature.

Topic: It is possible to make a profit by trading - page 7. (Read 923 times)