The Illusion of Trading Success | Bitcointalksearch.org

Distinctin

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Quote from: AmoreJaz on May 16, 2024, 06:54:07 PM

Quote from: Volimack on May 16, 2024, 07:07:25 AM

Every place has some rules and strategies before starting trading you have to prepare trading plan and trade accordingly. The entry and exit points of various stocks will be recorded in the trading plan. It is better not to take any new decision during trading hours because there is a high chance of making a mistake. A successful trader also needs to learn about the market throughout his life. Because the market is always dynamic and the winning strategy is also changing.

This is why if you are in crypto trading, everyday is like a learning process for you. Because each alt or coin that you will be dealing with is quite different. Just by the various developers/owners who are behind each project, of course, they have their own plans so to speak. And you will only have idea, if you will keep up with their social media channels. Most of the time, they won't give updates via their official website but you can get hints of what's going on by what they are sharing with their social media. In today's generation, most of the time, you will get info via socmed apps.

As much as the trading market is uncertain and unpredictable, the coins you trade as well cannot guarantee trading profits all the time. That’s the reason why in trading, we should be more cautious on what to trade and if trading this time is favorable, otherwise you will end up trading the wrong coins and trading while the market is not favorable to trade.

Trading has its inevitable challenges. So never stop learning new strategies to win in trading, as thats the only key where you will gain highest advantage to win from your trades.

Huppercase

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Quote from: TheUltraElite on May 04, 2024, 05:12:36 AM

OP is hands down right about this.

There are so many people who will appear in front of you as those who can teach trading when trading is something you can teach yourself. They make their money not by trading but by selling these "promises" and people are ready to eat them because we all need someone to guide us and fear to take the path ourselves.

This industry is unregulated and hence they run rampant and prey on newbie traders. But we can only make others aware of this because these people are after all practicing their free speech.

If it's actually that easy to make money from trading, many content creators on YouTube will not create a single videos but because they know it's not easy and it's easy to teach basic and earn money from content l ads, that's why many of them choose to do the videos instead and then some of them try to make them join Vip trade where they get signal but the reason why many of them don't get casted is because they do it druring bull run when literally anyone can trade own their own.

I just believe that anyone can be a good trader but it's doesn't mean it is always that rossy, even professional traders make losses but because it's normal to lose and hard to make money but the real trees will always stay no matter how difficult the market is, the losses are the ones we see making videos and give advice they can't do by their self.

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Quote from: tygeade on May 19, 2024, 04:15:34 AM

Quote from: malah on May 16, 2024, 12:04:41 AM

Quote from: Vinaa77 on May 15, 2024, 06:35:06 PM

Currently there is a lot of trading content circulating on the internet, but we have to be able to see whether what they are talking about matches the results they get and it would be better for us to be able to have knowledge about trading first before looking at the content on the internet, because for them The content creators of course have their own goals, but they don't necessarily have trading knowledge and do it themselves. With the knowledge we have, we will certainly be able to reduce the likelihood that we will follow content that is useless and detrimental to ourselves.

Many people have tried to influence many people to understand and follow what they say in the content circulating. Those who lack experience in trading are targeted by some of these content creators. With the aim of trying to blackmail them by offering them to join their group by paying a certain nominal amount that they have to pay to the content creator.

This is of course quite a wrong move, I wouldn't say blackmail is the right way to go, it doesn't really feel like that, but at the end of the day we are talking about something that will not be all too simple, and people who are not careful will end up with a lot of trouble.

Newbies who do not know what they are doing will end up with a wrong move, and they should consider what they are doing as a wrong move as well, it is not that simple and unfortunately too many people find that to be a simple way to make money and they are convinced that these people could end up teaching them how to make money and get rich. These people basically getting fooled to believe what can't be done is actually possible usually ends up losing all their money.

Newbies goes through all those disappointments because they jump into trading without any basic knowledge or practicing via demi account and the biggest mistake they do is listening to some crypto experts who shares anything and everything for more views as a result newbies instead of understanding the trading concept they follow signals by joining premium channels. Only we ourself can help us by doing proper research and understanding the candles and patterns. I would say practicing at demo account is must.

tygeade

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Quote from: malah on May 16, 2024, 12:04:41 AM

Quote from: Vinaa77 on May 15, 2024, 06:35:06 PM

Currently there is a lot of trading content circulating on the internet, but we have to be able to see whether what they are talking about matches the results they get and it would be better for us to be able to have knowledge about trading first before looking at the content on the internet, because for them The content creators of course have their own goals, but they don't necessarily have trading knowledge and do it themselves. With the knowledge we have, we will certainly be able to reduce the likelihood that we will follow content that is useless and detrimental to ourselves.

Many people have tried to influence many people to understand and follow what they say in the content circulating. Those who lack experience in trading are targeted by some of these content creators. With the aim of trying to blackmail them by offering them to join their group by paying a certain nominal amount that they have to pay to the content creator.

This is of course quite a wrong move, I wouldn't say blackmail is the right way to go, it doesn't really feel like that, but at the end of the day we are talking about something that will not be all too simple, and people who are not careful will end up with a lot of trouble.

Newbies who do not know what they are doing will end up with a wrong move, and they should consider what they are doing as a wrong move as well, it is not that simple and unfortunately too many people find that to be a simple way to make money and they are convinced that these people could end up teaching them how to make money and get rich. These people basically getting fooled to believe what can't be done is actually possible usually ends up losing all their money.

dunfida

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Quote from: AmoreJaz on May 16, 2024, 06:54:07 PM

Quote from: Volimack on May 16, 2024, 07:07:25 AM

Every place has some rules and strategies before starting trading you have to prepare trading plan and trade accordingly. The entry and exit points of various stocks will be recorded in the trading plan. It is better not to take any new decision during trading hours because there is a high chance of making a mistake. A successful trader also needs to learn about the market throughout his life. Because the market is always dynamic and the winning strategy is also changing.

This is why if you are in crypto trading, everyday is like a learning process for you. Because each alt or coin that you will be dealing with is quite different. Just by the various developers/owners who are behind each project, of course, they have their own plans so to speak. And you will only have idea, if you will keep up with their social media channels. Most of the time, they won't give updates via their official website but you can get hints of what's going on by what they are sharing with their social media. In today's generation, most of the time, you will get info via socmed apps.

Trading is a never ending learning thing on which you would really be able to learn up new things basing up on the market condition that you are really that dealing with.When we do speak on how to deal up with trading then this is something that should really be dynamic or something that should really be versatile because in the moment that you wont really be that having such behavior then you would be having a hard time on making yourself handling into this volatile market. Dont rush yourself on being that profitable because profit making will really be that definitely be coming or would flow on the moment that you are doing the right trading.
Usually the most common mistake on here by those newbies or who do just started trading is that they do really believe that they could immediately get those profits.
Success isnt something that could really be that assure on the moment that you would really be doing trading.

AmoreJaz

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Quote from: Volimack on May 16, 2024, 07:07:25 AM

Every place has some rules and strategies before starting trading you have to prepare trading plan and trade accordingly. The entry and exit points of various stocks will be recorded in the trading plan. It is better not to take any new decision during trading hours because there is a high chance of making a mistake. A successful trader also needs to learn about the market throughout his life. Because the market is always dynamic and the winning strategy is also changing.

This is why if you are in crypto trading, everyday is like a learning process for you. Because each alt or coin that you will be dealing with is quite different. Just by the various developers/owners who are behind each project, of course, they have their own plans so to speak. And you will only have idea, if you will keep up with their social media channels. Most of the time, they won't give updates via their official website but you can get hints of what's going on by what they are sharing with their social media. In today's generation, most of the time, you will get info via socmed apps.

Bravut

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Quote from: Vinaa77 on May 15, 2024, 06:35:06 PM

Quote from: bettercrypto on May 09, 2024, 11:22:23 PM

Quote from: Alphakilo on April 18, 2024, 06:12:56 AM

Many are teachers only few are traders. They make their money from selling trading courses, teaching trading classes, creating trading contents for YouTube and other social media. They have their own trading podcasts and collaborate with people like them to talk about trading yet, they have never been successful at trading.

You'll see them on Instagram or WhatsApp posting many signals, doing adverts for their VIP exclusive signal groups. Their appearance of wealth has nothing to do with their profits from trading and trading performance but from their courses sold and YouTube ads.

You ask yourself why don't they stop all these bs and just go back to real trading and you will immediately answer yourself that trading is hard work. It is easier to make reliable income streams from acting like a trader than actually in active trading where the market is volatile. It is easier to build a personal brand and audience in the short term than it is for achieving trading profits.

I do not like these people because, to me they are scammers. I have never seen anyone who follow them that eventually became a successful trader.

I see a lot of people like that on YouTube, honestly speaking, especially on the Facebook platform, but when it comes to the actual trade, they really don't know what they are talking about; the only reason they do it is for the views, nothing else.

There are many pretenders, so as investors, we really need to be smart in choosing and watching content on social media platforms. Be inquisitive at all times; after all, there are many ways for us to find out.

Currently there is a lot of trading content circulating on the internet, but we have to be able to see whether what they are talking about matches the results they get and it would be better for us to be able to have knowledge about trading first before looking at the content on the internet, because for them The content creators of course have their own goals, but they don't necessarily have trading knowledge and do it themselves. With the knowledge we have, we will certainly be able to reduce the likelihood that we will follow content that is useless and detrimental to ourselves.

Content creators as the name goes are for content purposes and often share less valuable knowledge and show more results which are often fake just to lure newbies especially to there mentorship or signal group to increase there income.
Imagine running a mentorship programme for 1,000 persons at $200 that equating $200, 000.
You can see yourself how much they generate which some can't pull from trading actually.

In essence,we just need to discern or follow those that align with what we practice in our trading journey.

Volimack

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Every place has some rules and strategies before starting trading you have to prepare trading plan and trade accordingly. The entry and exit points of various stocks will be recorded in the trading plan. It is better not to take any new decision during trading hours because there is a high chance of making a mistake. A successful trader also needs to learn about the market throughout his life. Because the market is always dynamic and the winning strategy is also changing.

malah

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Quote from: Vinaa77 on May 15, 2024, 06:35:06 PM

Quote from: bettercrypto on May 09, 2024, 11:22:23 PM

Quote from: Alphakilo on April 18, 2024, 06:12:56 AM

Many are teachers only few are traders. They make their money from selling trading courses, teaching trading classes, creating trading contents for YouTube and other social media. They have their own trading podcasts and collaborate with people like them to talk about trading yet, they have never been successful at trading.

You'll see them on Instagram or WhatsApp posting many signals, doing adverts for their VIP exclusive signal groups. Their appearance of wealth has nothing to do with their profits from trading and trading performance but from their courses sold and YouTube ads.

You ask yourself why don't they stop all these bs and just go back to real trading and you will immediately answer yourself that trading is hard work. It is easier to make reliable income streams from acting like a trader than actually in active trading where the market is volatile. It is easier to build a personal brand and audience in the short term than it is for achieving trading profits.

I do not like these people because, to me they are scammers. I have never seen anyone who follow them that eventually became a successful trader.

I see a lot of people like that on YouTube, honestly speaking, especially on the Facebook platform, but when it comes to the actual trade, they really don't know what they are talking about; the only reason they do it is for the views, nothing else.

There are many pretenders, so as investors, we really need to be smart in choosing and watching content on social media platforms. Be inquisitive at all times; after all, there are many ways for us to find out.

Currently there is a lot of trading content circulating on the internet, but we have to be able to see whether what they are talking about matches the results they get and it would be better for us to be able to have knowledge about trading first before looking at the content on the internet, because for them The content creators of course have their own goals, but they don't necessarily have trading knowledge and do it themselves. With the knowledge we have, we will certainly be able to reduce the likelihood that we will follow content that is useless and detrimental to ourselves.

Many people have tried to influence many people to understand and follow what they say in the content circulating. Those who lack experience in trading are targeted by some of these content creators. With the aim of trying to blackmail them by offering them to join their group by paying a certain nominal amount that they have to pay to the content creator.

Vinaa77

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Quote from: bettercrypto on May 09, 2024, 11:22:23 PM

Quote from: Alphakilo on April 18, 2024, 06:12:56 AM

Many are teachers only few are traders. They make their money from selling trading courses, teaching trading classes, creating trading contents for YouTube and other social media. They have their own trading podcasts and collaborate with people like them to talk about trading yet, they have never been successful at trading.

You'll see them on Instagram or WhatsApp posting many signals, doing adverts for their VIP exclusive signal groups. Their appearance of wealth has nothing to do with their profits from trading and trading performance but from their courses sold and YouTube ads.

You ask yourself why don't they stop all these bs and just go back to real trading and you will immediately answer yourself that trading is hard work. It is easier to make reliable income streams from acting like a trader than actually in active trading where the market is volatile. It is easier to build a personal brand and audience in the short term than it is for achieving trading profits.

I do not like these people because, to me they are scammers. I have never seen anyone who follow them that eventually became a successful trader.

I see a lot of people like that on YouTube, honestly speaking, especially on the Facebook platform, but when it comes to the actual trade, they really don't know what they are talking about; the only reason they do it is for the views, nothing else.

There are many pretenders, so as investors, we really need to be smart in choosing and watching content on social media platforms. Be inquisitive at all times; after all, there are many ways for us to find out.

Currently there is a lot of trading content circulating on the internet, but we have to be able to see whether what they are talking about matches the results they get and it would be better for us to be able to have knowledge about trading first before looking at the content on the internet, because for them The content creators of course have their own goals, but they don't necessarily have trading knowledge and do it themselves. With the knowledge we have, we will certainly be able to reduce the likelihood that we will follow content that is useless and detrimental to ourselves.

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Quote from: siniminomorocomunisakito on May 15, 2024, 09:54:13 AM

Quote from: Alphakilo on April 18, 2024, 06:12:56 AM

You ask yourself why don't they stop all these bs and just go back to real trading and you will immediately answer yourself that trading is hard work. It is easier to make reliable income streams from acting like a trader than actually in active trading where the market is volatile. It is easier to build a personal brand and audience in the short term than it is for achieving trading profits.

Addicted to the answer. This phenomenon has been felt to fail several times by them but the whispers continue to come haunting. The money market is indeed very tempting and quite a lot of money is charred in the market, not to mention those who play features hit by liquid.

I also feel this way and it is quite hard to lose money, especially the desire to get rich quickly that is put forward.

Yh. It true, some just have brand not necessarily mean they are traders, they have income from streams, courses and mentorship. Though I believe in the principle that if it is faked it can be real, so champs you keep pushing regardless and be cautious cause this Trading world is made up of people who want to show results just to please the crowd thus end up losing focus and lead to no good.

siniminomorocomunisakito

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Quote from: Alphakilo on April 18, 2024, 06:12:56 AM

You ask yourself why don't they stop all these bs and just go back to real trading and you will immediately answer yourself that trading is hard work. It is easier to make reliable income streams from acting like a trader than actually in active trading where the market is volatile. It is easier to build a personal brand and audience in the short term than it is for achieving trading profits.

Addicted to the answer. This phenomenon has been felt to fail several times by them but the whispers continue to come haunting. The money market is indeed very tempting and quite a lot of money is charred in the market, not to mention those who play features hit by liquid.

I also feel this way and it is quite hard to lose money, especially the desire to get rich quickly that is put forward.

Mahanton

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Quote from: bettercrypto on May 09, 2024, 11:22:23 PM

Quote from: Alphakilo on April 18, 2024, 06:12:56 AM

Many are teachers only few are traders. They make their money from selling trading courses, teaching trading classes, creating trading contents for YouTube and other social media. They have their own trading podcasts and collaborate with people like them to talk about trading yet, they have never been successful at trading.

You'll see them on Instagram or WhatsApp posting many signals, doing adverts for their VIP exclusive signal groups. Their appearance of wealth has nothing to do with their profits from trading and trading performance but from their courses sold and YouTube ads.

You ask yourself why don't they stop all these bs and just go back to real trading and you will immediately answer yourself that trading is hard work. It is easier to make reliable income streams from acting like a trader than actually in active trading where the market is volatile. It is easier to build a personal brand and audience in the short term than it is for achieving trading profits.

I do not like these people because, to me they are scammers. I have never seen anyone who follow them that eventually became a successful trader.

I see a lot of people like that on YouTube, honestly speaking, especially on the Facebook platform, but when it comes to the actual trade, they really don't know what they are talking about; the only reason they do it is for the views, nothing else.

There are many pretenders, so as investors, we really need to be smart in choosing and watching content on social media platforms. Be inquisitive at all times; after all, there are many ways for us to find out.

It is really just that too unbelievable that there are those people who are really just that too dumb on not to notice up with those things.Whereas, if they would really be just that making use of their own common sense then they would be able to point out that following someone who doesnt really even know that on what they are talking is really just that a complete suicide. Yes, i have noticed out too with those so called influencers or to those trader wannabe's as if they are really that knowing on what they are doing. They could make out those sell and buy orders but if you are someone who do have that kind of idea on what it is and the other things that involves with it then for sure you would be laughing with those wannabes.

On the time that you do get involved with trading then it would really be just that right that you wouldnt be expecting something positive. Always take up the market that its always been that unpredictable
on which unexpected things could really happen on point. This is why you should really be needing up to prepare yourself so that you wont be ending up on having that disappointment.

bettercrypto

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Quote from: Alphakilo on April 18, 2024, 06:12:56 AM

Many are teachers only few are traders. They make their money from selling trading courses, teaching trading classes, creating trading contents for YouTube and other social media. They have their own trading podcasts and collaborate with people like them to talk about trading yet, they have never been successful at trading.

You'll see them on Instagram or WhatsApp posting many signals, doing adverts for their VIP exclusive signal groups. Their appearance of wealth has nothing to do with their profits from trading and trading performance but from their courses sold and YouTube ads.

You ask yourself why don't they stop all these bs and just go back to real trading and you will immediately answer yourself that trading is hard work. It is easier to make reliable income streams from acting like a trader than actually in active trading where the market is volatile. It is easier to build a personal brand and audience in the short term than it is for achieving trading profits.

I do not like these people because, to me they are scammers. I have never seen anyone who follow them that eventually became a successful trader.

I see a lot of people like that on YouTube, honestly speaking, especially on the Facebook platform, but when it comes to the actual trade, they really don't know what they are talking about; the only reason they do it is for the views, nothing else.

There are many pretenders, so as investors, we really need to be smart in choosing and watching content on social media platforms. Be inquisitive at all times; after all, there are many ways for us to find out.

Pleasant_Tree

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"You ask yourself why don't they stop all these bs and just go back to real trading and you will immediately answer yourself that trading is hard work...."

Actually trading can be really easy - not hard work at all - if you have a large bankroll and aim for many short-term profits with little concern about which direction the market is actually going next. How? Figure it out newbie... Cheesy

Quote from: Alphakilo on April 18, 2024, 06:12:56 AM

Many are teachers only few are traders. They make their money from selling trading courses, teaching trading classes, creating trading contents for YouTube and other social media. They have their own trading podcasts and collaborate with people like them to talk about trading yet, they have never been successful at trading.

You'll see them on Instagram or WhatsApp posting many signals, doing adverts for their VIP exclusive signal groups. Their appearance of wealth has nothing to do with their profits from trading and trading performance but from their courses sold and YouTube ads.

You ask yourself why don't they stop all these bs and just go back to real trading and you will immediately answer yourself that trading is hard work. It is easier to make reliable income streams from acting like a trader than actually in active trading where the market is volatile. It is easier to build a personal brand and audience in the short term than it is for achieving trading profits.

I do not like these people because, to me they are scammers. I have never seen anyone who follow them that eventually became a successful trader.

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Quote from: TheUltraElite on May 04, 2024, 05:12:36 AM

This industry is unregulated and hence they run rampant and prey on newbie traders. But we can only make others aware of this because these people are after all practicing their free speech.

That's why there's a rule in this space. Don't count other people's money. Because you don't even know if its real or not or if it's even theirs the first place. Regardless, it has nothing to do with you. Only distraction it can give and false projection of success. Because success in trading is real wealth. It is the ability to maintain current expenses and be able to live a lifestyle that could inspire other people's lives. Some traders nowadays on advertisement makes money on their courses thy are selling and not in the actual trading they are introducing.

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Quote from: batang_bitcoin on April 18, 2024, 07:42:23 AM

Quote from: Alphakilo on April 18, 2024, 06:12:56 AM

Many are teachers only few are traders. They make their money from selling trading courses, teaching trading classes, creating trading contents for YouTube and other social media. They have their own trading podcasts and collaborate with people like them to talk about trading yet, they have never been successful at trading.

You have already nailed it bro with your first sentences. Many of these trading gurus aren't real traders but more of a commissioners from the courses that they're selling and also affiliates and earns a lot of money from their referrals to the exchanges that they're advertising.
You might even see a very successful trader in the forum but just plays lowkey unlike these, they're known for what they are and that's why they're influencers, and that's it.

What you are saying is true. I have seen many such fake guru traders, but what they are saying is far from the truth. It seems that it's just for the sake of content that the only aim is to get views, just like that; there is no other reason.

And such fake gurus can usually be found on social media platforms such as YouTube and others, so we should be wise in researching or studying trading about this in crypto.

Mame89

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Quote from: TheUltraElite on May 04, 2024, 05:12:36 AM

OP is hands down right about this.

There are so many people who will appear in front of you as those who can teach trading when trading is something you can teach yourself. They make their money not by trading but by selling these "promises" and people are ready to eat them because we all need someone to guide us and fear to take the path ourselves.

This industry is unregulated and hence they run rampant and prey on newbie traders. But we can only make others aware of this because these people are after all practicing their free speech.

That's how trading is, sometimes it is very easy to learn in theory but difficult to practice. Being able to teach many people about trading does not necessarily mean you can make a lot of money from trading, so it is not surprising that many influencers make videos about trading, and quite a few even sell promises to influence many people to gain benefits from advertising and so on.

In essence, we are required to learn about trading from anywhere so that our knowledge about trading can be broader so that in making trading decisions we can also minimize risk. You can learn anywhere, starting from this forum, YouTube and other social media, but we also have to have the principle of not swallowing what has been explained in its entirety but still have to do independent research before investing.

TheUltraElite

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So anyway, I applied as a merit source :)

OP is hands down right about this.

There are so many people who will appear in front of you as those who can teach trading when trading is something you can teach yourself. They make their money not by trading but by selling these "promises" and people are ready to eat them because we all need someone to guide us and fear to take the path ourselves.

This industry is unregulated and hence they run rampant and prey on newbie traders. But we can only make others aware of this because these people are after all practicing their free speech.

Essential10

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Quote from: B2Z on April 29, 2024, 11:37:14 PM

If we don't have any other option then surely we can get idea about trade through various youtube if one has such chance that directly through his relatives his relationship will gain enough gear of course it is much better to discuss about trade face to face than youtube. But this option is not available for all those who don't have this option surely they can gain enough knowledge to trade through youtube and get some idea about the trade. Those who are new to trading must acquire enough knowledge about trading and then trade with a long term plan.

If one wants to learn something then one must be committed. I understand that your or my abilities may differ, no matter where you learn the trade from, you need to be very patient and give enough time. Learning trading from just one YouTube channel is a very difficult task, very few people are able to learn from such options. If you want, you can definitely learn about trading from YouTube if you are motivated, but I think the best option is to learn about trading practically with an expert. While learning to trade, there will be shocks, but the most important thing is to prepare yourself day by day about trading so that shocks can be easily dealt with.

Topic: The Illusion of Trading Success (Read 1246 times)