I think having over confidence about trading gets a lot of people, I had a friend who made a lot of money during the bear run of 2018 and believed he was some sort of magical trader that can make money any time in any market, dude lost all he profited and than some with couple bad trades after a while.
Do not forget that trading is something you constantly learn, even after years of denying to invest into something he doesn't understand Warren Buffet decided to invest into Apple and got some stocks which fell in value and gave him a loss. Basically, all I am saying it doesn't matter how much you learn and how much experience you have, there is always more to learn and more to experience in order to be better, every single day you become a better trader than previous day.
Topic: Keep proper distance but not losing passion - page 6. (Read 13447 times)
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You should always learn from your mistakes. Instead, we cannot get anything by saying that I know so much that I do not look at anything or do not know anything at all. Just, you should find the most appropriate way for yourself and continue from here.
There are so many factors that need to be known and no one is perfect when it comes to knowledge about certain things. Even the best investors keep on reading the latest and the history to know more about how things work in different situation. So, I think if you keep on learning about something, you would be good at it and it will help in future to maximize the money.
I think we need to be persuasive and passion about trading then we can achieve success, I don't see why we need to keep the distance, the closer we learn the better we understand the product, and there are few ways to determine the product potential and sometimes it can clash our judgment, that is when we take a step back and learn more before we decide, but I agree that each traders got their own experience and strategy
I get all your point and it actually made a lot of sense, but every trader have a different story to tell, everyone did not learn it in same way, like in my case, trading has always been a thing of fun especially when I was still learning, I know I lost a lot of funds but I saw it as an opportunity to even learn more and get better, it helped me not to repeat same mistake twice and made me get better.
the different way of trading method that I did, I did not dare to enter the trade without a guide because we have not yet understood the price movements and the way we trade without experiencing huge losses. to anticipate things we don't want, the presence of a teacher helps us a lot. so learning becomes safer.Yes, reading books give more knowledge but if you ask me I will tell you that reading books and guides are not applicable for this current market success trading.
Like mapanlah said ,we are yet to understand the market movement but I can assure you that if you watch the market closely you'll understand the market movement.
1) most traders and investors are keeping their distance.
2) when some good tiding news happen (like hard fork, private company implement crypto payment etc occur) the market will experience some bullish.
3) To make a success trade apply the FA/TA analysis with genuine news which will drive the crypto market price then you make a profitable trade.
I get all your point and it actually made a lot of sense, but every trader have a different story to tell, everyone did not learn it in same way, like in my case, trading has always been a thing of fun especially when I was still learning, I know I lost a lot of funds but I saw it as an opportunity to even learn more and get better, it helped me not to repeat same mistake twice and made me get better.
the different way of trading method that I did, I did not dare to enter the trade without a guide because we have not yet understood the price movements and the way we trade without experiencing huge losses. to anticipate things we don't want, the presence of a teacher helps us a lot. so learning becomes safer.I get all your point and it actually made a lot of sense, but every trader have a different story to tell, everyone did not learn it in same way, like in my case, trading has always been a thing of fun especially when I was still learning, I know I lost a lot of funds but I saw it as an opportunity to even learn more and get better, it helped me not to repeat same mistake twice and made me get better.
the different way of trading method that I did, I did not dare to enter the trade without a guide because we have not yet understood the price movements and the way we trade without experiencing huge losses. to anticipate things we don't want, the presence of a teacher helps us a lot. so learning becomes safer. 
You should always learn from your mistakes. Instead, we cannot get anything by saying that I know so much that I do not look at anything or do not know anything at all. Just, you should find the most appropriate way for yourself and continue from here.
There are so many factors that need to be known and no one is perfect when it comes to knowledge about certain things. Even the best investors keep on reading the latest and the history to know more about how things work in different situation. So, I think if you keep on learning about something, you would be good at it and it will help in future to maximize the money.
You should always learn from your mistakes. Instead, we cannot get anything by saying that I know so much that I do not look at anything or do not know anything at all. Just, you should find the most appropriate way for yourself and continue from here.
There are so many factors that need to be known and no one is perfect when it comes to knowledge about certain things. Even the best investors keep on reading the latest and the history to know more about how things work in different situation. So, I think if you keep on learning about something, you would be good at it and it will help in future to maximize the money. 
I do not think there is a right or wrong trading strategy, it depends on what works for a trader, and how it fits into the other aspects of their life and their time. Success is the only universal goal, the route could be changed or tweaked.
There is not strategy which guarantees success. There is no guarantee in trading.
There is not strategy which guarantees success. There is no guarantee in trading.
You should always learn from your mistakes. Instead, we cannot get anything by saying that I know so much that I do not look at anything or do not know anything at all. Just, you should find the most appropriate way for yourself and continue from here.
As high rank members we may need to share some thoughts to the new people and explain the perfect information to the people does not know so we may be able to help them with the information if they wish to learn things in crypto field.
Keeping both the passion and profession in equal state will definitely be important for everyone because if you go only with your passion the improvement of your life will that happened if it will not success so doing some jobs is also more important for a person to live without any problems.
Crypto can always go lower, the crash from $6000 to $3000 was a brutal example of that.
It was a welcome wake-up call for me too. I got so comfortable with it last year that I needed to be reminded of what this market is about. Another thing is that I underestimated the severity of having an important support level break, and went long on the way down and got rekt in the process. Initially it sucked, but it taught me an important lesson which I will put to work whenever we go through a similar correction.
And there are lots of proponents that says the price won't go to $10,000 (coming from the last all-time-high) and yet here we are, @4,000 and even struggling, so it was really a brutal wake up call. So we as traders, needed some adjustment and mindset totally change as well, otherwise all the money we have made in the 2017 peak would have went to nothing, so to speak. So this is really a journey, lots of ups and downs, but the most important lessons is how we get out and chase and won this game in the long run.
I myself have experienced quite a few lucky breaks in my few years of trading, but I still don't consider myself as a seasoned and experienced trader. I also never try to get my feelings heavily involved as I know that it wouldn't be good for me since I will always try to recoup whatever losses I might incur. I might have done it on gambling and online casinos before, but certainly not on trading as I know that I can always make a way to profit compared to online casinos which is just pure luck honestly.
Points are valid and taken, and newbie investors should keep such things in mind.
Points are valid and taken, and newbie investors should keep such things in mind.
I get all your point and it actually made a lot of sense, but every trader have a different story to tell, everyone did not learn it in same way, like in my case, trading has always been a thing of fun especially when I was still learning, I know I lost a lot of funds but I saw it as an opportunity to even learn more and get better, it helped me not to repeat same mistake twice and made me get better.
At least for what good thing about you was that you learned from your own mistakes, unlike to others they repeatedly do the same way of their
wrong way of doings. They really never learn, and I don't know why they continued despite of their mistakes. If we did something, let us not do it again. Because, trading is a matter of showing who you are in my opinion.
You're taking your emotions with you when you say that dude. Trading doesn't show who you are, it shows how well you can set your emotions aside just the the other guy here. That's one of the lessons you're going to learn in trading. Keep your interest but make sure you don't get carried away.
What is said above is normal steps of learning. However, most people probably have no chance to follow the steps to learn. For my part, the actual situation is as follows:
1. I just entered the market, I don’t know much, I don’t care much, I’m lazy, and I look at the market table occasionally. (In fact, this is a bit of a state of "unintentional")
2. Suddenly one day, I felt that the opportunity to enter the market came. I went to buy stocks (or emptied) (because I was "unintentional", it was easier to find real and big opportunities to enter.)
3. After a little bit of sweetness, I want to learn more (in fact, I want to learn more short-term operation knowledge), to see if I can "frequently operate" so that I can make more money (this is greed, then I began to lose the realm of "unintentionality" and entered the world of deliberate creation. This heart is a delusional heart, no longer pure.)
4. When I realized that I was going in the wrong direction, I made up my mind to jump out of small places, small details, small short lines, and small patterns. I wanted to find my original heart back, which was pure and kind.
5. Then I got rid of weed and kept the flower of the leek. I returned to the state of “lazy” when I first entered the stock market, but that was only the surface. The correct knowledge was ready.
6. While waiting for the next opportunity, I will not ask for it, I will not be anxious, and I will not lose my heart. Because I have forgotten that I am waiting (ahh, I envy this kind of relaxing life)
7. The opportunity is coming... "The god of opportunity will come knock my door" - if you are ready, you will hear the ringtone. You don't need to listen every night, every minute, every second. When the opportunity comes, you will know and naturally act.
I respect your conclusion and opinion
However for my own perspective, part of being successful in every ways is to establish an effective knowledge foundation built by intensive learning, experience and mistakes or success
If the foundation is not yet strong, there is no time for Laziness
You can relax when your portfolios are far more greener than reds in bear market
I get all your point and it actually made a lot of sense, but every trader have a different story to tell, everyone did not learn it in same way, like in my case, trading has always been a thing of fun especially when I was still learning, I know I lost a lot of funds but I saw it as an opportunity to even learn more and get better, it helped me not to repeat same mistake twice and made me get better.
At least for what good thing about you was that you learned from your own mistakes, unlike to others they repeatedly do the same way of their
wrong way of doings. They really never learn, and I don't know why they continued despite of their mistakes. If we did something, let us not do it again. Because, trading is a matter of showing who you are in my opinion.
Trading is all about self-discipline and focus.Ge trid of bad habits,don't eat junk food,sleep 8 hours every nights.This will help you "clean" your mind and stay optimised and concentrated 100%.It will help you gain willpower and motivation.Never get addcited into crypto trading.Just think of it as it is your 9/5 job that you actually enjoy working.
But crypto trading is like gamling so we are going to get addicted more for it as long as we are motivated on it,and we can't consider it as our 9 to 5 job because in job we are not going to face any risk if we are doing work or not it is not going to give any direct results because we are working for someone but crypto trading is like business so if we face any loss our mind will work hard to make profits for the losses that is how it keeps continuing. Crypto can always go lower, the crash from $6000 to $3000 was a brutal example of that.
It was a welcome wake-up call for me too. I got so comfortable with it last year that I needed to be reminded of what this market is about. Another thing is that I underestimated the severity of having an important support level break, and went long on the way down and got rekt in the process. Initially it sucked, but it taught me an important lesson which I will put to work whenever we go through a similar correction.
You should always learn from your mistakes. Instead, we cannot get anything by saying that I know so much that I do not look at anything or do not know anything at all. Just, you should find the most appropriate way for yourself and continue from here.
Trading is all about self-discipline and focus.Ge trid of bad habits,don't eat junk food,sleep 8 hours every nights.This will help you "clean" your mind and stay optimised and concentrated 100%.It will help you gain willpower and motivation.Never get addcited into crypto trading.Just think of it as it is your 9/5 job that you actually enjoy working.
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