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Topic: The most difficult times (Read 540 times)

hero member
Activity: 1428
Merit: 653
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January 15, 2024, 11:21:37 AM
#65
There is always a stage to pass and a stage to reach in trading when you start your trading journey it might looks very simple but as a trader who has gained vast knowledge through the years would always understand what it takes to become successful in trading as a skill based work. The beginning who always jumps into trading newly might not know there are stages to pass but as they keeps advancing the more difficult it becomes at then they will say if they knew all this there isn't a day they could have ventured into trading maybe that person has decided to break out of newbie to become an intermediate trader that is why when joining trading you shouldn't go with higher amount rather can start with small amount.
legendary
Activity: 2898
Merit: 1253
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January 15, 2024, 08:50:33 AM
#64
However, we all know that beginner traders are mostly exposed on losses than gains, and that is normal for newbies in trading. But if they keep learning trading from various trade practices, they will gradually learn on how to trade and on how not to lose but make profits.
Most of them are not willing to do dummy trading before actually putting in money on the line. With dummy trading one can get an idea what to expect and how they would usually react, this gives them an edge over other newbies.

Trading is a long term learning experience and needs patience. Most people will not make profits but reel under losses. In this context remember that trading is not for everyone. Those who understand how to play the market will make profits in the long run by playing it safe and those profits will not be huge. So dont try to make trading you primary earning, but a side hustle.
sr. member
Activity: 1313
Merit: 302
December 27, 2023, 06:42:52 PM
#63
I would also agree that the most difficult time in trading is when one takes its first move towards trading. The fear is there that anytime he will commit mistake and lose his funds eventually. The real challenge is how you start trading and apply your learned skills and strategies out from demo trading, and lessen the mistakes and losses, and instead encourage and maximize profitability.

However, we all know that beginner traders are mostly exposed on losses than gains, and that is normal for newbies in trading. But if they keep learning trading from various trade practices, they will gradually learn on how to trade and on how not to lose but make profits.

Actually it’s not the difficult time,it will be your biggest decision making time.Because the trading of cryptocurrency is not easy one,it merely like the gambling.So you should have more patience to get the good results.If you get some pressure because of the loss in the trading,you may do the random trading by the emotional side.Instead you have to wait till the end of the trading year was completed.If you have invested from the beginning of the trading,then you should have patience till the year end.The trader who invested their money at 30k at the bitcoin will have good profit at the current value of the bitcoin with 42k dollars.
hero member
Activity: 3052
Merit: 685
December 27, 2023, 05:55:06 PM
#62
I would also agree that the most difficult time in trading is when one takes its first move towards trading. The fear is there that anytime he will commit mistake and lose his funds eventually. The real challenge is how you start trading and apply your learned skills and strategies out from demo trading, and lessen the mistakes and losses, and instead encourage and maximize profitability.

However, we all know that beginner traders are mostly exposed on losses than gains, and that is normal for newbies in trading. But if they keep learning trading from various trade practices, they will gradually learn on how to trade and on how not to lose but make profits.
hero member
Activity: 1204
Merit: 545
December 27, 2023, 10:02:09 AM
#61
Whether newbie or experience trader we should not forget the fact that in every business there must be profit and lost, but one ability to make his profit overshadow his lost is what makes one a good trader.
As a newbie you cannot just venture into trading without having an understanding of what trading is all about, so even the newbie is well equip and knowledgeable, just like the experience trader because I don't think one will just want to lost his money just like that.

So the most difficult time is when the market is down or doing bear

It cannot be denied that profit and loss occur in every business. The difference between a new and an experienced trader is that the newbie does not know the profit or loss, where he can make a profit and where he can lose in the trade. In any business an experienced person takes a step he believes that he can get a good profit from it, whereas a newbie does not understand any step properly so he may end up with loss instead of profit. How a newbie has knowledge like an experienced trader If he can trade like an experienced trader then how can we call him a newbie?

You may think that the most difficult time is when the market is going down or bear market, but experienced traders can get good profit from trading in bear market and even when the market is falling. So try to know the difference between a new trader and an experienced trader.
If there would be no losses then i would say that its not a business or venture because we know that when it comes to risks then we do know that its not something that there's no exemption when it comes on incurring losses and this is something that you should really be that mindful in speaking about the risk. When it comes to difficult times then it would be just normal that in any business venture there's always chance for you to make yourself that having those losses and this is why it would really be that important that you should really know on how to make yourself that having those back up plans on whatever you are dealing with.

Make yourself that knowledgeable and trying to hone up your skills and experience on which it would really be that making yourself way more better in terms of overall capacity
on dealing up with something which it does require those specific skills and decision making. Dont easily give up because challenges and hardships are really just that normal.
So sustain and survive would be your primary aim on this one.
Trading losses? They are the course itself, not just a parody of it. Your viewpoint serves as an important reminder that trading involves risk. The first step in developing a resilient trading strategy is realizing this truth. Backup plans are esential. They are an active component of a trader's toolkit, not only backups. A skilled trader is able to change course quickly and adjust their approach accordingly.

The call to persevere is a rallying cry for all traders. Sufferings are stepping stones, not obstacles. Every difficulty encountered and every barier cleared develops not just talent but also character. So take on the storm, take something away from every gust, and come out stronger!
sr. member
Activity: 812
Merit: 252
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December 27, 2023, 09:51:13 AM
#60
It's not easy to do crypto trading; that's the truth; it requires strong dedication and determination to understand something like this. And when we do it right or give it, who will be the first to benefit from this matter? Aren't we too?

So what others say is true: the success of our future in this field is actually in our hands. So the difficulty in the business industry is just at the beginning, and when we overcome it, we will definitely get the profit we hope for.
It is true that when we have a good understanding of crypto trading then we will be able to enjoy profits in the trades that we make, it takes a lot of time that we spend in trading to really understand it well and when we have a lot of experience we have to keep learning it in order to continue understand well about trading.
Everyone who is just starting out will certainly experience difficulties because they are not used to trading and when we have experience and also understand trading, we will be more accustomed to trading.
sr. member
Activity: 1498
Merit: 271
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December 27, 2023, 02:44:39 AM
#59
It's not easy to do crypto trading; that's the truth; it requires strong dedication and determination to understand something like this. And when we do it right or give it, who will be the first to benefit from this matter? Aren't we too?

So what others say is true: the success of our future in this field is actually in our hands. So the difficulty in the business industry is just at the beginning, and when we overcome it, we will definitely get the profit we hope for.
hero member
Activity: 3080
Merit: 603
December 26, 2023, 06:38:02 PM
#58
Like what they say that the beginning is the hardest. And when someone who's starting to trade and sees it hard to trade, you're not wrong. Trading is hard whether you're starting as a newbie or someone who's experienced. When you hear experienced traders saying that it's hard, it literally is hard. And that's why many don't survive as many are just losing instead of winning in trading so, if you get caught by your emotion and understands the risk, you can revert that into investing.
hero member
Activity: 2968
Merit: 687
December 26, 2023, 04:16:36 PM
#57
Whether newbie or experience trader we should not forget the fact that in every business there must be profit and lost, but one ability to make his profit overshadow his lost is what makes one a good trader.
As a newbie you cannot just venture into trading without having an understanding of what trading is all about, so even the newbie is well equip and knowledgeable, just like the experience trader because I don't think one will just want to lost his money just like that.

So the most difficult time is when the market is down or doing bear

It cannot be denied that profit and loss occur in every business. The difference between a new and an experienced trader is that the newbie does not know the profit or loss, where he can make a profit and where he can lose in the trade. In any business an experienced person takes a step he believes that he can get a good profit from it, whereas a newbie does not understand any step properly so he may end up with loss instead of profit. How a newbie has knowledge like an experienced trader If he can trade like an experienced trader then how can we call him a newbie?

You may think that the most difficult time is when the market is going down or bear market, but experienced traders can get good profit from trading in bear market and even when the market is falling. So try to know the difference between a new trader and an experienced trader.
If there would be no losses then i would say that its not a business or venture because we know that when it comes to risks then we do know that its not something that there's no exemption when it comes on incurring losses and this is something that you should really be that mindful in speaking about the risk. When it comes to difficult times then it would be just normal that in any business venture there's always chance for you to make yourself that having those losses and this is why it would really be that important that you should really know on how to make yourself that having those back up plans on whatever you are dealing with.

Make yourself that knowledgeable and trying to hone up your skills and experience on which it would really be that making yourself way more better in terms of overall capacity
on dealing up with something which it does require those specific skills and decision making. Dont easily give up because challenges and hardships are really just that normal.
So sustain and survive would be your primary aim on this one.
sr. member
Activity: 336
Merit: 292
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December 26, 2023, 11:29:57 AM
#56
Whether newbie or experience trader we should not forget the fact that in every business there must be profit and lost, but one ability to make his profit overshadow his lost is what makes one a good trader.
As a newbie you cannot just venture into trading without having an understanding of what trading is all about, so even the newbie is well equip and knowledgeable, just like the experience trader because I don't think one will just want to lost his money just like that.

So the most difficult time is when the market is down or doing bear

It cannot be denied that profit and loss occur in every business. The difference between a new and an experienced trader is that the newbie does not know the profit or loss, where he can make a profit and where he can lose in the trade. In any business an experienced person takes a step he believes that he can get a good profit from it, whereas a newbie does not understand any step properly so he may end up with loss instead of profit. How a newbie has knowledge like an experienced trader If he can trade like an experienced trader then how can we call him a newbie?

You may think that the most difficult time is when the market is going down or bear market, but experienced traders can get good profit from trading in bear market and even when the market is falling. So try to know the difference between a new trader and an experienced trader.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
December 26, 2023, 10:43:58 AM
#55
In every business in life, knowledge about it and what it entails to succeed is always the key.
Sadly, many a trader don't like to take the time to learn and acquire that knowledge when it comes to trading. They think trading is a shortcut to riches. Everyone goes through a period of apprenticeship to acquire knowledge, even in formal school environment but they want to jettison that as traders. The resultant effect of not taking the time to learn in trading is that those who are involved are often left with a history of several blown accounts.

Quote
Nothing good comes easy, so if we must succeed in trading even as experience as we are, we must keep on putting in the work to learn more, so that we can be a better trader and reap the rewards of our work.
Learning period is like gestation. The stress and discomfort are always there but the smiles of a safe delivery will make every ordeal disappear once a successful birth happens. It's the same thing with trading. Once one acquires the set skills and becomes profitable, all the loss of the past are recovered.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
December 26, 2023, 09:20:21 AM
#54
The skills in trading are indeed simple, but applying them is what is difficult.

Often you are watching the market and panic strikes and pulls away the logic from your brain. When the market is dropping it is not the time to sell and join the FUD gang but the time to buy at the lower price.

It is never a get-rich-quick scheme and even day trading carries a lot of risk but is not comparable. Although I mostly speak for long term trading, it will never make one rich overnight. It takes time to be resistant to emotions here.
jr. member
Activity: 55
Merit: 1
December 25, 2023, 09:14:14 PM
#53
Whether newbie or experience trader we should not forget the fact that in every business there must be profit and lost, but one ability to make his profit overshadow his lost is what makes one a good trader.
As a newbie you cannot just venture into trading without having an understanding of what trading is all about, so even the newbie is well equip and knowledgeable, just like the experience trader because I don't think one will just want to lost his money just like that.

So the most difficult time is when the market is down or doing bear
sr. member
Activity: 1313
Merit: 302
December 25, 2023, 06:54:22 PM
#52
Looking back at year 2021, when the bullish market started, there are lot of mentorship programs that were coming out. Honestly, if you don't have knowledge about trading and you wanted to learn trading you will get easily persuaded by mentorship program. They didn't know that there are lot of mentors who can't really trade. You will only noticed that if you finished the mentorship and start trading. It's a great lesson to all new traders who really want to join mentorship that to verify first if the mentor is really profitable because they can't really guide you in your trading journey especially the bullish market is now starting. "How can you help others if you can't even help yourself?"

The year was passed and we can’t get back to the oldest time,So the trader must use the current halves of the bitcoin to earn some coin for the future.The knowledge of trading was the essential one in the trading community,So the earning will be the easiest one.But the traders who learn to hold at the hard times will shine in the trading,because trading at the earliest stage was more important one.Because you will have enough bitcoins in your wallet.If the price of the bitcoin was increased,you can easily earn more money from the trading of the bitcoin.
hero member
Activity: 1666
Merit: 723
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December 25, 2023, 05:28:20 PM
#51
Trading does not require extraordinary skill. The rules used are simple and can be learned within several months. Therefore, the difference between beginners and experts is several hours of learning, but obtaining accurate news from sources not available to the public and the ability to analyze market variables to understand trading trends and how it is affected by political and economic factors is what makes you achieve more profits from more experience and knowledge of the basics of trading.
You are right, because what we need to acquire the skill of trading is time, and what makes someone a good trader is the ability to know how to research and put it into function, no one is a professional trader because the skill you use as a professional trader a newbie who started yesterday can be able to understand another means of trading that will make he or her to venture into profit, what matters most in trading is the ability to make a research or learn and know how to overcome trading obstacles in other to avoid venturing into loss.
sr. member
Activity: 1008
Merit: 262
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December 24, 2023, 10:08:26 AM
#50
Learning how to trade as a newbie might be the most difficult time of our life. This is the time when we act like baby in the trading field.
Time when we need to learn fast and focus on what we want. Time when we don't have full knowledge about what is happening in the market and everything looks strange to us. Time when we need to take a careful look of every advise we are given.
There are different things that need to be learnt for us to get to where we belong, all we need is just focus and perseverance.
hero member
Activity: 2954
Merit: 672
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December 23, 2023, 03:08:19 PM
#49
The most difficult time is the starting phase and the most difficult to manage for newbie traders is their greed. If they can't control their greed every time they trade, then most likely each trade will only end up into a frustrating loss. Trading takes time to learn, and you can only learn if you have the patience and consistency to study the market.

While trading can be harder for newbies, but the rewards are definitely worth the wait. The reason why despite of the fact that trading tough and hard, people still insist to learn so they can trade and gain decent profits.
legendary
Activity: 3024
Merit: 1132
Leading Crypto Sports Betting & Casino Platform
December 23, 2023, 02:44:03 PM
#48
The most difficult level in life generally is level one because that's where you put in the work, and during that time, you will see enough reason to quit more than enough reason to continue, because you are definitely going to blow up so many account while in the learning process, but the ability to continue learning and pressing forward even when things aren't going our way defines us. Nothing good comes easy, so if we must succeed in trading even as experience as we are, we must keep on putting in the work to learn more, so that we can be a better trader and reap the rewards of our work.
Taking your time to slowly get better is important, people should get a hold of that and we should definitely see something that will change a lot when the time comes, I understand it may not be all that great, but we need to make sure that it is going to get better with time. I understand it is not such a big deal at the time, but with more time it is going to get a lot better and people will like it one way or another.

I hope that we could all get to a point where it is going to get a better situation, and we should be doing something that gets some attention, it is not going to be all that much of a big deal with time, it is going to get better eventually. You just need to keep working at it until you become a good trader.
full member
Activity: 448
Merit: 163
December 22, 2023, 06:02:22 AM
#47
In every business in life, knowledge about it and what it entails to succeed is always the key.
Someone that has been learning trading for years and someone that just jumped into the market base on the fact that he believes that trading is a get rich quick scheme can never be the same in terms of execution and vast knowledge of how to navigate his or her ways in the market to come out profitable.
whatever you choose to start, you almost certainly have knowledge about it before you begin; otherwise, you may wind up at zero. Even in ordinary business, if someone wants to get started right away but has no prior experience, things won't go according to his plans. I'll return to trading now. Not everyone views trading in this way; some believe it's a way to start making quick money and don't want to learn about the risks involved because,  anything has a gain there may be a loss as well.

Many people here experience this kind of behavior, particularly the biginners who were introduced to cryptocurrency right away. The first item we search for is how to start trading. What do you believe will happen in the end, supposing you desire to trade but have no prior trading experience? For this reason, it is beneficial for us to get knowledgeable about cryptocurrencies and their technical analysis.
full member
Activity: 2240
Merit: 187
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December 22, 2023, 01:33:54 AM
#46
Quote from: MIner1448
Your point is an important reminder that trading is a skill that takes time, patience and learning. Beginning traders often face challenges and setbacks, but it is important to remain motivated and committed to continuous improvement. Success in trading does take effort, and the lessons that come from losses are often inevitable.

This is what some newbies don't know about crypto trading, because they feel crypto trading is a something you can just start today and begin to make huge amount of income like the way professional traders are making income not knowing that professional traders acquired the skills of crypto trading some years ago. As a beginner, you need to take your time to study how the market work and how many years you can hold your coins in your wallet before trading them in the market for profits purpose which are some of the things newbies need to embrace. Most traders in the community succeeded by patience in their holding, because if you can hold your coins through out the bearing season till the bullish season appear you will definitely achieve something great in your trading.
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