Topic: Put this in your mind as you begin trading (Read 292 times)
I agree. Bitcoin is all about understanding the strategy and then making it work.
If you want to deep into the world of trading I guess its better if you make an investment with your knowledge first not all the time as a trader you will win those trades what if you are just having a ride with the bullish or bearish market but what if you will not see the stable market how you will make a trade now this is the time you need another trading plan. Every trader has their trading plan because it serves as a guide to making a profit if you lose your path you can take it back again. Information is everywhere today all you need is having a will to read those references and guides and also try to apply them into the real world of trading. Experience is one of the main goals too to learn those your mistakes and mistake of other people to prevent losing your money. Every trade there losses but the end of the day is on the total profit.
I guess it belongs in the trading discussion? if it is you can move this to the other board.
I guess it belongs in the trading discussion? if it is you can move this to the other board.
legendary
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eXch.cx - Automatic crypto Swap Exchange.
Just have at the back of your mind that the price can drop at any time without any notice.
You don't have to space your writing so it looks long, having more character, words or space doesn't always relate to quality. You can post an important content with just one to two lines and the users you intend passing the message to will understand you. Be after imparting that one life and not after impressing the masses. That been said, I have another opinion contradict to what you just wrote especially that part I quoted above.
Instead of focusing on the fact that the market can drop at anytime, why don't you focused on the positive side of the volatility of the market, that's the price can raise without giving any warning which us why you should choose investing over trading as a newbie.
I'm not trying to say the other isn't profitable but considering the stress, workload and other factors needed to be successful at trading, it isn't something to be rushed into and if you go in with the mindset of getting quick money, you'll be disappointed.
Bitcoin has become a trend, people are still scared for sure, some persons view it as a scam project due to the fact that, scammers payment media and scammers see it for a get away with fraud and for this, most persons choose to stay off and and safe. The few who crash into it and dare to invest think its all profit oriented you know. Its volatile nature would always be in the bull side even if it experiences a little adjustment to the bears, it would soon shift to the bulls in no time.
Well, thats correct, the shift often comes but, the time is never certain and could take longer than expected too. The question is, can you wait? Can you wait for that bullrun that puts you in profit? It's your lack of patience that puts you on the lose should you have been hodling. Also, should you have been trading, your inexperience plays a big role in getting you further down the hole.
Well, thats correct, the shift often comes but, the time is never certain and could take longer than expected too. The question is, can you wait? Can you wait for that bullrun that puts you in profit? It's your lack of patience that puts you on the lose should you have been hodling. Also, should you have been trading, your inexperience plays a big role in getting you further down the hole.
Your loss isn't caused by the supply of bitcoin or demand. Your loss is caused by you if you have done a mistake in trading.
You probably have sold earlier or you have bought due to FOMO.
You probably have sold earlier or you have bought due to FOMO.
I agree with this statement.
The loss of one's investment is primarily due to the fault of the person. Although there may be internal and external factors that may affect the value of BTC in the market, the decision still lies with the person and his investments.
Trading is all about discipline. Along with the given indicators, it is up to your decision on whether you would trade your BTCs or hold them for the future. Personally, I avoid trading since I lack the necessary knowledge and patience to deal with it. In addition, I only have a relatively small capital to trade so I think it's better to just avoid it than to lose any money.
Profit is mostly related to the length of the investment period, which is something you may not find in many cryptocurrencies, as most of them decrease in value over time.
The question is how long can you buy more and wait for the price to go up and make a profit. Many people invest out of emotions or are forced to pay some fees so they sell their cryptocurrency.
The question is how long can you buy more and wait for the price to go up and make a profit. Many people invest out of emotions or are forced to pay some fees so they sell their cryptocurrency.
Bitcoin price can down and up anytime. You should always remember that. If you see the price is down, you can buy it and sell it when it increases. But you can hold it if you are waiting for the next higher price but we do not know when that highest price will come. Maybe you can act based on the market situation so you can make a profit. Bitcoin trading needs to have patience and more because the price will not always move to the high price but can go down after reaching the high price. You need to be careful and not panic because that is the key for doing trading and always research before you trade.
The entire cryptocurrency market is volatile and at that one should expect any conditions, either profits or losses.
Actually a cryptocurrency is volatile, and adventuring into it needs a proper understanding of it from the basic form of it, because right now no a cryptocurrency practitioner that does not know that Crypto always deals with negative reaction and positive reactions, so breaking it down for we to understand what i meant by introducing such word positive and negative, is the process been having gain and lost in cryptocurrency, note, all average trader's always Bear it in mind to make a profit without thinking of lost aspect, and for the equation to be balanced via trading you have to fall the victim of lost so that it will expand the knowledge of a trader for taking the advantage of trading quickly.Before venturing into crypto trading and investment, one needs to have the mindset of a risk-taker in that way whatever happens in the process will not pierce you.
Even for manual business to be successfu, you will undergoes a Risk taking, entrepreneurship let us know that, any one transacting with bitcoin have to know that it's a game of luck from my perspective, even other business. 
Your loss isn't caused by the supply of bitcoin or demand. Your loss is caused by you if you have done a mistake in trading.
You probably have sold earlier or you have bought due to FOMO.
Losses will still be on our side especially in trading it is impossible for them to profit in every trade, buying because it is not right and in the end it becomes a dump, sells too early and in the end the price jumps to high, this is used to trading and it is done by our own hands, so all the blame in the loss is certainly on our side.You probably have sold earlier or you have bought due to FOMO.
Buying during FOMO we will be stuck with the price that has been purchased and that can be our fault too so it can't be denied that we can blame other things.
That's on my, my bad. You don't have to risk really high just to profit more, there are a lot of ways to make a big profit without doing a big risk, the problem with the high risk that you are talking about is that the chances of hitting the win is really low.
I don't think channels to make huge profit without risking high are much, am not an advocate of stake/strike out with high capital, but theoritically and even with reason, high Profits are attracted more by high capital, while humble/little capital returns not to high Profits. But people are not complaining about this because they didn't risk much, in the case that the loss.I think whales are most likely to make the whalish -big- size profit from same channel than someone with an average-low capital, but they are both aware of the amount of loses.
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Even I said the same, rich people also facing the losses but they have how to overcome it quickly and you call it in the different term that is the difference. Yes the business or investments can be done with minimal risks but there is a thumb rule is there for investment high risky investment provides highest returns.
It's all about investment so obviously, it's about getting the right timing to win or to lose when you messed up by investing at the wrong time. Anyway, that's how the market grows and that is why trading is one of the best things that happened with bitcoins and any other cryptocurrencies. As you can see, the moment they got listed on some exchanges, that's the moment their project will be half alive until someone bought their coins and begin to trade, and finally, their economy is now alive. Of course, the one who does that will not always win because trading is all about timing and patience, the more you dive into it, the more experience you will gonna get, and you use that on your next attempt.
No matter whether you are starting a business or investing on an asset or stock or bitcoin or doing trading with it the loss is inevitable and its just a part of everyone's life. You can't see any rich people who never face loss in their life but it is all about how quickly they overcome the losses and back into the profit margin.
Even if losses is a part of life, I don't think that we have to just take it in, there are ways to mitigate risk and losses when investing or building a business and using them can help you avoid or at the least make the losses minimal, it's not like there's no way to prevent this losses. I disagree with rich people not experiencing losses, they know how to mitigate or prevent losses that's why they look like they don't suffer losses.No matter whether you are starting a business or investing on an asset or stock or bitcoin or doing trading with it the loss is inevitable and its just a part of everyone's life. You can't see any rich people who never face loss in their life but it is all about how quickly they overcome the losses and back into the profit margin.
Even if losses is a part of life, I don't think that we have to just take it in, there are ways to mitigate risk and losses when investing or building a business and using them can help you avoid or at the least make the losses minimal, it's not like there's no way to prevent this losses. I disagree with rich people not experiencing losses, they know how to mitigate or prevent losses that's why they look like they don't suffer losses.
No matter whether you are starting a business or investing on an asset or stock or bitcoin or doing trading with it the loss is inevitable and its just a part of everyone's life. You can't see any rich people who never face loss in their life but it is all about how quickly they overcome the losses and back into the profit margin.
If we can not sell bitcoin at a high price but still hold for some time, that will not be a problem because bitcoin price will increase in the future.
People tend to cut losses and sell their bitcoin at a low price when the price starts going down but they forget that bitcoin price can increase double or triple times from the price they bought.
If they realize that, they will not sell bitcoin at a low price.
They will buy more bitcoin at a low price and hold it together with the previous bitcoin amount they already bought.
But people will have different minds, and many will sell their bitcoin based on their analysis, so we can not blame them.
People tend to cut losses and sell their bitcoin at a low price when the price starts going down but they forget that bitcoin price can increase double or triple times from the price they bought.
If they realize that, they will not sell bitcoin at a low price.
They will buy more bitcoin at a low price and hold it together with the previous bitcoin amount they already bought.
But people will have different minds, and many will sell their bitcoin based on their analysis, so we can not blame them.
When talking about trading(hodling is a different thing of course), you seriously don’t even need to think this deeply about this stuff lol. There’s a reason why stop-losses exist, and why it’s heavily being used by traders.
Thats so easy to say OP. Actually bitcoin ia more than just an asset that are being traded on market but also a useful cryptocurrency for daily trasansaction and store of value. I hate it when they only see bitcoin as something more inclined towards investment. You can also see the beauty of bitcoin as major usage of some establishment for transaction. As time pass by these deals and transactions will increase as more people tend to use it and everybody will used to it. Trading is dangerous but we should also understand what we are trading right?
Why 80% of Day Traders Lose Money
Don't trade if you are newbie in the cryptocurrency market. This market is full of manipulation, greed, fear, hope and regret. All the emotion will result in bad decisions when you regret about missing profit, fear of loss (cutting at bottom), greed (buying at top), hope (don't cut loss because you wait for rally).
Don't trade if you are newbie in the cryptocurrency market. This market is full of manipulation, greed, fear, hope and regret. All the emotion will result in bad decisions when you regret about missing profit, fear of loss (cutting at bottom), greed (buying at top), hope (don't cut loss because you wait for rally).
Trading is never easy, so put this in your mind even before you begin trading: HODLing is a very nice option.
As you get into full time day trading, you will realize that getting caught in unpleasant positions is an ordinary thing. For some reasons you'd be stuck somewhere, perhaps because of a bad call, of following a wrong signal, or making a wrong analysis, or simply because of the market's unpredictability and extreme price fluctuations.
It may be possible that at one point you'd grow tired of it. At that point, consider HODLing. I think a high percentage of wannabe traders before are now HODLers.
As you get into full time day trading, you will realize that getting caught in unpleasant positions is an ordinary thing. For some reasons you'd be stuck somewhere, perhaps because of a bad call, of following a wrong signal, or making a wrong analysis, or simply because of the market's unpredictability and extreme price fluctuations.
It may be possible that at one point you'd grow tired of it. At that point, consider HODLing. I think a high percentage of wannabe traders before are now HODLers.
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