Topic: The very worst part of an investor or trader that has a low budget. - page 2. (Read 999 times)

I really dont like that the OP has to speak against "rich" people. We have to learn to speak from a neutral point of view. Rich and poor are only relative terms.

A low budget does not necessarily mean a bad thing. If you are of the mind to bet a thousand on 1.1x profits, then you are also risking that grand to losses.
From a low budget gradual increase in capital should be targeted. This can be done by allocating funds to the trading budget every month from income.

Now there comes the second thing - income. If you dont have a stable source of income, then trading is not going to work out for you. Because that is the safety cushion when things go South.

Totally.
All comes with time and responsibility put into it - all the efforts of being on the market and respecting its rules will be transferred into the knowledge needed to work with it to gain something at the end of such a road of development.

Rather than complaining about limited funds, it is better to find a way to get more money to invest.
You may feel annoyed when you see coins that you have not had to buy due to limited funds up sharply, but it could be the opposite, where you are grateful because it turns out that the coin has fallen very sharply.
Rich people may not feel the pain, just as we will not feel the pain they feel when they lose large assets due to wrong investment, meaning everything is balanced, large capital means being ready for large profits and losses, as well as small capital.

It would be better to be more selective in investing when our funds are limited and this is also to avoid more losses because not all coins will provide profits.

That is the thing, those complaining about their lack of money are wasting their time, most traders and investors begin their journeys without the money or the knowledge necessary to succeed, so while you accumulate that money, you can use that time to learn more about the markets, this way once you got enough money to begin to invest in the markets you will also have the knowledge to do this on the best possible way, and when viewed like this, lacking money is not really an obstacle to succeed on the markets.

A higher budget = better profits. However, as you said, it doesn't mean a person should try and get a bankroll or a budget by either borrowing money, selling properties, or doing other things that they should do because there is no guaranteed profit when it comes to trading. So if you have borrowed money from someone with the mindset that you will return it once you earn some profit with it, you better return it before you make trades with it as a newbie because you can lose the money.

The amount of knowledge that you have should also play a role in deciding whether you should start trading with a small amount or not. If you are not very much knowledgeable about the market, a small budget should be better until you get hands on knowledge and experience from the market after which you can start trading with a bigger amount.

Theirs no cryptocurrency investor that doesn't know when to invest and when to look after market, even though you don't have capital to invest that moment and you have see coin you like to invest, you can invest on the coins directly by selling your coin and purchase the new one, so I believe that in cryptocurrency investment someone have interest on other coins has other investment already, so rich people also have the same pain you're emphasizing on, but what I know quite well is that anyone who is cryptocurrency investor have so many coins it invested on, when exchange list a coin it can swap to the new coin that it wants or needed mostly, but a process whereby you're not a crypto investor you can't be able make such instant swap.

The main priority that you should be having in mind is not on how much money that you would really be having into your trading account but rather it will really be better that you should really be minding on how
you would be able to sustain yourself on making trades. Small amount of trading capital wont really be an issue if you do manage yourself on being profitable despite of the loses that you are committing.

Sustainability will really be your main priority on which everyone is really that trying out to achieve into. This isnt something simple and could be achieved through long time engagement.
Low budget will really be just that something not a problem or an issue because we do know that you could really be able to make it big on the time moment that you do really know on what you are doing.
It will really be that best that you should be sustainable on what you do. You are the ones who will really be having that kind of dictating on the outcomes of your trading results or outcome.

Worst part to be considered is that you do keep on repeating on the same results again and again or simply that you arent learning and this is really that a main issue.
Low budget isnt an issue because you could really be able to compound until to make it big.

You know, when it really does hit you as a trader is when you get in this market right, when your out there on the market, trading based on an analysis you’ve so well prepared and even before the market moves in on your direction, it experiences some substantial pullback, those kind of pullback that might not be healthy for your capital but, your a risk taker and so you stay in the market, having a firm belief in your analysis and to not be nervous and run off, you choose to go off your screen and get busy with something else.
Then after a while, you come back to see the chats and your low budget capital have just been knocked off and the market heads straight to your direction with a very long candle! Mehn, you’ll just hate why you just didn’t have enough as capital to hold it all off.
There is always a positive side yo this though and that’ll be, you hit your analysis right and that’s cool.

I live in the reality and if there's one thing that can solve all of my problems I ever faced all my life then I can blindly say money not God or anything.

For someone who is accumulating via DCA the self control and discipline is very important, they are like commited themselves to do something for certain period of time or like until accumulate x amount of Bitcoin so before reaching that we can't give any excuse for not buying it because we have other needs and for the fact every month, every week and every day we can't pass that I am not having any trouble with the money especially talking about the retail investors.

No, money can't solve every problem. Comfort, security and happiness are not always due to money. No matter how much money you have, you won't find happiness if you are far from God.

Indeed. If you're not rich people, you probably have no big capital.
I don't know how much people who start trading or investing with big capital, but I agree that most of us start with small capital. One of the reason people join crypto is to change their financial, it means they have no much money. Those who are rich people, they may be just curious with crypto. Some can join crypto, other may have no interest in crypto.

Even if he did DCA, he may not hold all the coins. Whenever he has urgent needs, he possibly sell some of the coins. I also experienced this, so it is difficult to hold all the coins that I collected from DCA monthly. I have no idea to judge about his portfolio, but he must have good number of coins if he already did it for a long time.

A trader with sufficient capital is much more comfortable to adhere to the risk management strategy, so he opens a deal on a small percentage of his deposit. The one who has a small deposit, as a rule, opens an order for his entire deposit and at the same time with a large leverage.

Rich or poor, regardless of the amount of capital you invested, if you don't have what it takes to be a wise investor, you will never make it with crypto but will definitely fall into losses and frustration.

That's why I don't believe that lucky are those people who have huge amount of bankroll because they can consistently invest. Yes, they have the advantage but all those funds will just turn into losses if they don't know how to deal with a volatile investment.

Actually it doesnt matter whether you do have that bigger trading budget or low ones because what matters on here is on how you would really be able to make yourself that sustain into this very unpredictable space.
There's no way that you could be able to predict on where it would be going and no matter how big your trading capital would be but having no risks management is really that applied then it would really be pointless or something that will really be useless. When dealing up with crypto investment or simply trading with it then you should really be that minding about on how you would really be able to survive.
On the time or moment that you will be stepping into this market then be sure that you would really be needing to deal up with volatility on which there's no way for you to be able to easily handling out volatility.
There would really be those times or moments that you will really be that too positive towards some positive out comes just because you do have some bigger positions on which this is really that totally contrary on such idea. We do know that having that less budget will really be having that lesser risks on losing that huge amount but of course you cant expect something big profits into it. If you are really having those targets or goals that making your trading capital make it bigger then the only way on here is to compound the profits on what that someone will really be trying out to achieve into. If you do have plans on making it big then
compound those profits until you would be able to hit up such area but of course you shouldnt really be that making yourself in a rush because this could really be able to bring out that kind of desperation
on which it might lead up on derailed plans and other correlated things that had been adjusted earlier.

But the good thing in this market is that you can invest even below $1k or much less. So it is up to your financial capability how you will hold some coins. Should not force yourself to invest especially if you are tight in your budget. You may end up selling it below your buying price and that for sure is not good for investments. Unlike in forex, it requires good amount of money. In crypto, you can easily trade below 100 bucks and earn something from it. Don't force yourself to invest more, because it can possibly ruin your financials. Aiming for more without sufficient funds on hand will give you more trouble than profits.

I won't say more advantage. We must not forget that the risk is also big if we are using a big capital. So having a small capital has its own advantage too. We shouldn't look down ourselves if we are among it. There are coins which base price will always be low no matter what is the condition of the market and we can as well buy under a whole coin, if we think it was still expensive.

So yeah, having a small capital is not a hindrance at all in trading. I don't literally mean small of course or very small, because you know, there are still trading fees and then limits that we must follow in order to trade very well.

You will be surprised that big capital users is not far away from the small users most of the times. It is because if you have a big capital the amount that you will be risking is also big. This shows that to be able to last long, doesn't really depend on the capital but it is about how one is willing to take more risk in their bets.

Everyone knows this, but some people want to prove to others that they are equal and capable of handling the task at hand. However, you don't have to overdo things to convince people that you are strong; you can purchase and hold what you can afford, and since you want to hold for a long time, all you need to do is take your time and make the purchase whenever it suits you. You don't have to compete with anyone when it comes to making investments.

There are various ways that everyone can develop strategies for buying and holding as well as trading, and because everyone already knows what interests them, they will have no choice but to trade or hold. There are people who do both, and I don't see anything wrong with that, but you just have to apply a better way of solving your problems with either trading or holding. Enjoying the ride of the market have to be done patiently so you don't have to rush anything. Having a budget also helps and least you will know what you are spending and then what you are getting in return. I don't see why you doing all this things and you don't have a source of income it just does not make sense.

Their people that don't care either with or without income they don't care they just want to be among those that are investing in bitcoin, it's just because they have refused to get knowledge.

You dont need to buy a large amount of the coins as long as you have and hold them for a long term still there's a possible accumulation of profit, now if you think that crypto is for rich people somehow it is because crypto is open for everyone but not for all to those who will enjoy the ride of the market, of course, has the opportunity to buy and now if you don't have a budget that's the challenge to seek another source of income better so you can buy coins you've seen a potential, having a single source of income is not quite enough with the plans. Tons of people doing the DCA strategy at least so they don't worry too much with the market volatility.

Before you decide, you must research and analyze to find the coin. Without that, you will confuse and buy the wrong coin which can make you lost your money. People tempts to buy a low price coin because they are too greedy expecting a big profit in a short time. They don't know that not many low price coin can increase in a short time so they must be very selective. But if they don't want to confuse investing in crypto, they can choose Bitcoin and hold it for some time until the bull run comes. That will relax them from the panic and worry because the market will always volatile.

They should know how to find the right coin to invest so they need to learn about that. They can not just follow other people suggestion without research because investing in crypto or anything will our decision and not because of other people. We can imagine if we don't have much money and we must pick with carefully so we can make a profit later. So that will make us collect much info about the project which can help us to know more and we can decide with right.

I agree that the best coin to invest is Bitcoin so they can start to buy and invest in Bitcoin using DCA method. Many people make a profit from Bitcoin and that is why Bitcoin is the recommended coin to invest for new people.

There is a lower entry point in real estate if you really really want to do it. I do not find real estate a good investment to be fair, but if you really want to, then you could get lands. In this case, you would take out a mortgage or whatever land version is called, and get a land, then pay it up, then sell the land and get another loan and buy a bigger land, and keep growing this way.

You can get land as low as 10% of a house, depending on where the land is, and keep growing this way until you have enough to buy a house. Or you could even grow bigger, have huge lands everywhere, have a portfolio of lands if you want. I know a few people who do it and I feel like we are seeing them growing quite slowly but at least growing.

That is the importance of learning strategies in trading, to be successful in trading you don't always have to have a lot of money, this mindset must be eliminated immediately. Because in trading or investing having little money is not an obstacle as long as we have a steady income or salary. You can start by using the DCA strategy, and I think all investors who have a lot of money also use this strategy very often.

So don't be discouraged if you don't have enough money for trading or investing because there are still strategies to run a plan with little funds. The most important thing in trading or investing is that you must have broad knowledge and insight about crypto in order to be successful, no matter how much money you have. Because in reality having a lot of money without knowledge they will not get success in trading.