Rather learn to trade by yourself - page 8.

gabbie2010

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Quote from: Kasabus on October 08, 2020, 06:56:07 PM

Quote from: adzino on October 08, 2020, 02:01:07 PM

Quote from: cytpoway121 on October 08, 2020, 06:33:02 AM

This is a high volatility market? People don't understand what it means, it means the risk is very high, it can break you more than it can make you, it's takes luck and wisdom, consistency and lesson and teachings learned about trading, coupled with discipline the individual uses to take profit.

Bitcoin isn't as highly volatile as other altcoins, but yeah it is some what volatile. There are people out there taking the advantage of this volatility and making huge profits. But one small mistake and you could lose everything you had, that is something I won't deny. If you act smart and not invest on those shit coins, chances are you will make loses, but you won't lose "everything".

Quote from: cytpoway121 on October 08, 2020, 06:33:02 AM

-snip-
Best is to learn the exact process or strategy, and trade for yourself, than give your money to someone to trade for you in a very high volatile market

No, you should never give anyone your money to trade on behalf of you. They won't care if they make any loss since it is not their money.

Trade with your own money and never entrust your money to someone else because if you lose, you will be the one to suffer the losses and not them. Just keep on trading even there are losses sometimes because trading is just between making profits or losing your funds. Once you developed your own skills and strategies in trading, winning profits is not that hard to achieve.

There are avenues to practice trading before going live demos and stimulators are some common tools, practices and make profits consistently to avoid giving out money to the so-called traders who also struggle to make profit.
There is no holy grail in trading find a good strategy with a low risk and hig reward ratio work on it with a proper money management
Meanwhile trading with a higher timeframe atleast 4H to weekly timeframe takes care of some risk associated with price volatility especially when using a lower timeframe 1min, to 1 hour.

mersal

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Quote from: cytpoway121 on October 08, 2020, 06:33:02 AM

This is a high volatility market? People don't understand what it means, it means the risk is very high, it can break you more than it can make you, it's takes luck and wisdom, consistency and lesson and teachings learned about trading, coupled with discipline the individual uses to take profit.

This crypto currency market is not trade fair or Walmart market.

Trading is very risky, we just trade with risk management. Never give anybody money to trade, if it goes soar wetin u go talk.

Best is to learn the exact process or strategy, and trade for yourself, than give your money to someone to trade for you in a very high volatile market

There is no such thing called fund management exists in crypto trading because they no need to go through tedious process to complete trading, it is simple and can be done in minutes so any amount of transaction can be done by yourself no matter how much busy person you are so yes there is no need to trust your money with someone because no one is going to make your rich, it could be only you.

Kasabus

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Quote from: adzino on October 08, 2020, 02:01:07 PM

Quote from: cytpoway121 on October 08, 2020, 06:33:02 AM

This is a high volatility market? People don't understand what it means, it means the risk is very high, it can break you more than it can make you, it's takes luck and wisdom, consistency and lesson and teachings learned about trading, coupled with discipline the individual uses to take profit.

Bitcoin isn't as highly volatile as other altcoins, but yeah it is some what volatile. There are people out there taking the advantage of this volatility and making huge profits. But one small mistake and you could lose everything you had, that is something I won't deny. If you act smart and not invest on those shit coins, chances are you will make loses, but you won't lose "everything".

Quote from: cytpoway121 on October 08, 2020, 06:33:02 AM

-snip-
Best is to learn the exact process or strategy, and trade for yourself, than give your money to someone to trade for you in a very high volatile market

No, you should never give anyone your money to trade on behalf of you. They won't care if they make any loss since it is not their money.

Trade with your own money and never entrust your money to someone else because if you lose, you will be the one to suffer the losses and not them. Just keep on trading even there are losses sometimes because trading is just between making profits or losing your funds. Once you developed your own skills and strategies in trading, winning profits is not that hard to achieve.

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Quote from: Oceat on October 08, 2020, 04:55:00 PM

Quote from: Spaffin on October 08, 2020, 12:06:43 PM

Quote from: bittraffic on October 08, 2020, 11:18:23 AM

Its more satisfying to lose money when you trade it yourself than losing the money by someone else fault. It will just leave a disgust to that person and you suffer in the end. But if you trade yourself and learn every time you lose a trade, it leaves a valuable lesson for you to keep. Trading is risky everyone knows this already before they even try it but its riskier to give it to someone to trade it for you.

I believe the risk is also high when trading on your own without any experience, and when hiring an experienced trader to trade your cryptocurrency capital. It is in this case that there are more chances to make a profit if you do not have the knowledge to trade on your own, but you have a trader you trust and who can really earn and increase your capital thanks to your capital. But in this case, the main thing is Trust in the trader.

I've never seen a good trader doing trades for the other because if you think about it, why bother to trade others money than to trade on your own if you're good of what you are doing? And to the person who trust the person to do the trading for them, didn't you guys worries if your money might gone for good because you entrusted it to someone? That's why learning to trade on your own is the basic things you need to do because you can't always let others do the trading for you if you are so unknowledgeable.

exactly! if you are good at it, why not do it for your own self? every crypto trader starts from scratch. they learn tips and tricks along the way. like for example, how to spot pnd coins? only experience will give you the edge how to spot those kind of coins. even if someone is giving you a hint, without actual experience dealing with this type of coin, would be hard for you to identify the signals when it is already happening in the market. crypto trading is quite different as every coin or token has their own story. and you need to know their story so you know how to attack them in the market. otherwise, you are blindly trading and losing is in the cards...

Oceat

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Quote from: Spaffin on October 08, 2020, 12:06:43 PM

Quote from: bittraffic on October 08, 2020, 11:18:23 AM

Its more satisfying to lose money when you trade it yourself than losing the money by someone else fault. It will just leave a disgust to that person and you suffer in the end. But if you trade yourself and learn every time you lose a trade, it leaves a valuable lesson for you to keep. Trading is risky everyone knows this already before they even try it but its riskier to give it to someone to trade it for you.

I believe the risk is also high when trading on your own without any experience, and when hiring an experienced trader to trade your cryptocurrency capital. It is in this case that there are more chances to make a profit if you do not have the knowledge to trade on your own, but you have a trader you trust and who can really earn and increase your capital thanks to your capital. But in this case, the main thing is Trust in the trader.

I've never seen a good trader doing trades for the other because if you think about it, why bother to trade others money than to trade on your own if you're good of what you are doing? And to the person who trust the person to do the trading for them, didn't you guys worries if your money might gone for good because you entrusted it to someone? That's why learning to trade on your own is the basic things you need to do because you can't always let others do the trading for you if you are so unknowledgeable.

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Quote from: cytpoway121 on October 08, 2020, 06:33:02 AM

This is a high volatility market? People don't understand what it means, it means the risk is very high, it can break you more than it can make you, it's takes luck and wisdom, consistency and lesson and teachings learned about trading, coupled with discipline the individual uses to take profit.

Bitcoin isn't as highly volatile as other altcoins, but yeah it is some what volatile. There are people out there taking the advantage of this volatility and making huge profits. But one small mistake and you could lose everything you had, that is something I won't deny. If you act smart and not invest on those shit coins, chances are you will make loses, but you won't lose "everything".

Quote from: cytpoway121 on October 08, 2020, 06:33:02 AM

-snip-
Best is to learn the exact process or strategy, and trade for yourself, than give your money to someone to trade for you in a very high volatile market

No, you should never give anyone your money to trade on behalf of you. They won't care if they make any loss since it is not their money.

abel1337

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Quote from: Spaffin on October 08, 2020, 12:06:43 PM

Quote from: bittraffic on October 08, 2020, 11:18:23 AM

Its more satisfying to lose money when you trade it yourself than losing the money by someone else fault. It will just leave a disgust to that person and you suffer in the end. But if you trade yourself and learn every time you lose a trade, it leaves a valuable lesson for you to keep. Trading is risky everyone knows this already before they even try it but its riskier to give it to someone to trade it for you.

I believe the risk is also high when trading on your own without any experience, and when hiring an experienced trader to trade your cryptocurrency capital. It is in this case that there are more chances to make a profit if you do not have the knowledge to trade on your own, but you have a trader you trust and who can really earn and increase your capital thanks to your capital. But in this case, the main thing is Trust in the trader.

Losing money on your way to gather knowledge is applicable only for those who are really serious about trading and won't give up no matter what the result he will get in the process of learning, A rightful amount of capital is also needed in this so the trader won't burn out in the middle of his "charge to experience trading session". There are better ways to learn trading without spending any penny, Simulators, and practice trading apps are always available on the internet. I think hiring experienced trader before and today is so much different, There are many platforms that offer hiring traders and these platforms show the success rate of those traders. Learning trading and hiring trader is both profitable, It will just depend on your lifestyle and belief on what kind of method you will use to get profit.

ChrisPop

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High volatility doesn't necessarily means high risk. There are multiple factors in the equation. If you have proper risk management knowledge and EXPERIENCE which is extremely important in a competitive environment. Only through repetition you learn to master emotions in trading.

For example if you take a position of $100 worth of LONG BTC contracts at $10,000, you will only lose $30 if dips 30%. Is that high risk if you have a $5000 account. Not really, but it depends on your risk tolerance.

Spaffin

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Quote from: bittraffic on October 08, 2020, 11:18:23 AM

Its more satisfying to lose money when you trade it yourself than losing the money by someone else fault. It will just leave a disgust to that person and you suffer in the end. But if you trade yourself and learn every time you lose a trade, it leaves a valuable lesson for you to keep. Trading is risky everyone knows this already before they even try it but its riskier to give it to someone to trade it for you.

I believe the risk is also high when trading on your own without any experience, and when hiring an experienced trader to trade your cryptocurrency capital. It is in this case that there are more chances to make a profit if you do not have the knowledge to trade on your own, but you have a trader you trust and who can really earn and increase your capital thanks to your capital. But in this case, the main thing is Trust in the trader.

bittraffic

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Its more satisfying to lose money when you trade it yourself than losing the money by someone else fault. It will just leave a disgust to that person and you suffer in the end. But if you trade yourself and learn every time you lose a trade, it leaves a valuable lesson for you to keep. Trading is risky everyone knows this already before they even try it but its riskier to give it to someone to trade it for you.

el kaka22

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I understand that people who are afraid of making trades are always going to be scared but it also means we are in a volatile market upwards as well when we are right. Plus look at bitcoin, for the past year it hasn't really moved too much, just during the pandemic period it moved a bit and I understand that but if you are a long term investor you could have started the year with $7k and right now would be over $10k, without caring about what happened in the middle.

This is exactly why I believe that if you are in a volatile market but the long term outlook is great, you could potentially just let it be and not worry about the volatility at all. It is just a way of thinking in bitcoin world, if you want quick gains you may not manage it with all this volatility but in long term its almost always profitable.

chip1994

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Quote from: allahabadi on October 08, 2020, 07:14:15 AM

Anyways my best wishes for your trading. Just don't overleverage or get too emotional.

To trade well, emotional management is still a small part. In my opinion, we should learn more about the market, when understanding how the market works everything will be easy. When the market shows a cash flow, simply buy it. Emotional suppression and too much analysis only add to the stress. Wink

CryptopreneurBrainboss

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Love how you starting with indicating luck as one of the key factors before listing the others. Many feels that's not the case but that's my believe because irrespective of how enlightening, educated or good you're on any field, you'll need a little bit of luck to excel in that field. There has to be those that'll greater than you when this qualities are measure but might not habe your level if luck, which will just out yiu above them.

One of the mistakes most traders make that cost them big time is the lack of using stop loss for their trade. The market is highly volatile and since we aren't bots to be constantly monitoring the market to sell when the market is moving in a negative direction, the only leverage we have over that is to have a stop-limit market already in place waiting to be executed.

The advantage of experiencing trading yourself than giving your money to some 'so called expert' is that you learn both ways, when the market goes in your prediction, you profit and also learn how to make such correct prediction and in a scenario when the market was goes against you, you'll still gain by taking corrections on bettering yourself but that can be said if you're relying on another user experience.

death69

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Quote from: allahabadi on October 08, 2020, 07:14:15 AM

Did you recently lose money by trusting someone in this market? Hence the rant, I can totally understand where this is coming from.
But how do you propose to teach yourself, or what's the guarantee you won't lose more money by punting it yourself.

Anyways my best wishes for your trading. Just don't overleverage or get too emotional.

There is nothing can guarantee that he will not lose his money in the future after learning trading by himself. But at least he try, and there is nothing to be shamed about it. Trading is one of the most difficult things to learn on this world because when you successfully understand how to make money with it, you will never need to have others kind of job (unless you want to go to work cause of being bored). You are fully managing your economy, your time, your job and also your life.

There are hundreds of books out there and many trading courses on the internet. Put some efforts on it and I believe you will receive much much more. Dont afraif of losing money. There are demo account for you to give it a try.
Good luck and best regards Grin

ethereumhunter

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If you want to trade, you need to learn the basic thing about trading. The high volatility can be anticipated by having enough knowledge about trading to analyze market situations. It is no problem if you are making a mistake while you trade, especially if you are a beginner. But you don't need to stop learning if you want to become a pro trader. As long as you can know how to manage the risk in trading, you don't need to be afraid because you can calm down and know how to decide on the market situations.

YOSHIE

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Quote from: cytpoway121 on October 08, 2020, 06:33:02 AM

Best is to learn the exact process or strategy, and trade for yourself,

Strategy, analysis, learning, experience and so on about crypto trading in that market. Almost 70% of people have it all, since getting to know crypto and until now, of course it has been done for yourself, not for others.

Quote from: cytpoway121 on October 08, 2020, 06:33:02 AM

than give your money to someone to trade for you in a very high volatile market

The risk is certain, if the market is unstable, why should we give money to other parties to exchange, while we are familiar with the exchange sites that exist in the market today that we have.

If we already know the exchange, of course we do it ourselves.

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Quote from: cytpoway121 on October 08, 2020, 06:33:02 AM

This is a high volatility market? People don't understand what it means, it means the risk is very high, it can break you more than it can make you, it's takes luck and wisdom, consistency and lesson and teachings learned about trading, coupled with discipline the individual uses to take profit.

Any investments can cause anyone to lose all of his/her investments.
All investments has risks, it's just up to you how you will take and manage it.
The risk that has been accepted for the investment will be worth it if it's been properly managed, but it is not always guaranteed.
That's why taking experiences and knowledge is some keys toward the success on trading.

High volatility also brings high profits compared to those that are less volatile assets.
Avoid buying on the peak of the hype.

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Quote from: cabron on October 08, 2020, 08:50:44 AM

There is never a market that isn't risky but if I have to learn about the market, I'd rather be trading myself than asking someone else to do it for me. Losing will teach traders how to trade well.

I think most of the traders see risk as a chance to make money in the market. The more they learn about the market the more these traders tend to seek the opportunity by trading.

I don't know why people would do that, I mean it's your money so you should be the one doing it so that you know what is happening with your money, I am pretty sure that if a person is interested in trading, he/she should be the one doing it, if he/she does not know how, learn it, educate yourself, just like what you have said the more they learn, the more they seek, so you should be the one doing it plus if you are gonna let someone else trade your money for you no matter how close you are, you won't be getting all of the money you will earn and what if he/she quits trading for you, then you're done so better to invest some time and effort in learning it and for sure it will be worth it.

lifeOK

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Absolutely right. This is the reason it's so critical to figure out how to trade and management risk. Buying and trading based off hype with no plan in place is how you blow your account very quickly. All the things up to you, what you want to do. You are steering the ship for this situation.

cabron

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There is never a market that isn't risky but if I have to learn about the market, I'd rather be trading myself than asking someone else to do it for me. Losing will teach traders how to trade well.

I think most of the traders see risk as a chance to make money in the market. The more they learn about the market the more these traders tend to seek the opportunity by trading.

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