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Topic: There is no magic in trading - page 4. (Read 1517 times)

sr. member
Activity: 994
Merit: 252
December 28, 2018, 04:05:02 PM
#85
Magic is in our hand and definitely we don't simply rely on the luck cause we are the one working on it personally. Find the magic by applying your strategies in trading and you'll become profitable. Trading isn't just like gambling, our decision is really matter in here to become effective trader.
Exactly.Trading has its own step by step processes so we have to learn it to be a good trader.We have to apply good strategies and skills to come up with a good trading result unlike gambling that is more dependent on luck.With trading,there is no magic in it because all things that you will apply on it is greatly a part of your masterpiece gained from lots of experiences.
Not just in trading, no-where we could create magic instantly. It must be a long-term process so that we be learning all the tricks and tactics of a professional way of trading. I believe only professional traders are able to create magic trading as they are the only people who are making consistent profits from trading. But, all other traders are just believing  that there is no magic in trading as they are not consistent with profit making.
Trading is for the people who are risk taker. You should only make investment if you have gust to face the risks. There is no magic in trading because the results is due to the action and decision of the trader. You can easily increase your investment if you will use right strategy but if you will not use right strategy then probably you will experience losses.
  Agreeing mate.! Not only in trading but any business can not be done on base of magic tricks. It needs risk to be taken and trust to have better output. In trading there are only few things that will make you get succeed those are patience to hold , skills to trade and knowledge to avoid scamming and fraud in trading, having all this means a good trader.
full member
Activity: 481
Merit: 100
December 28, 2018, 11:16:24 AM
#84
Magic is in our hand and definitely we don't simply rely on the luck cause we are the one working on it personally. Find the magic by applying your strategies in trading and you'll become profitable. Trading isn't just like gambling, our decision is really matter in here to become effective trader.
Exactly.Trading has its own step by step processes so we have to learn it to be a good trader.We have to apply good strategies and skills to come up with a good trading result unlike gambling that is more dependent on luck.With trading,there is no magic in it because all things that you will apply on it is greatly a part of your masterpiece gained from lots of experiences.
Not just in trading, no-where we could create magic instantly. It must be a long-term process so that we be learning all the tricks and tactics of a professional way of trading. I believe only professional traders are able to create magic trading as they are the only people who are making consistent profits from trading. But, all other traders are just believing  that there is no magic in trading as they are not consistent with profit making.
Trading is for the people who are risk taker. You should only make investment if you have gust to face the risks. There is no magic in trading because the results is due to the action and decision of the trader. You can easily increase your investment if you will use right strategy but if you will not use right strategy then probably you will experience losses.
full member
Activity: 540
Merit: 100
December 28, 2018, 09:33:21 AM
#83
There are magic in trading but it is not a magic that you thinks. The magic that I saying is the skills of the trader that he/she can use to easily increase his/her capital. You cannot do a magic without a trick like in trading, you cannot win in trading if you will not use effective techniques.
full member
Activity: 382
Merit: 100
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December 28, 2018, 09:32:56 AM
#82
Magic is in our hand and definitely we don't simply rely on the luck cause we are the one working on it personally. Find the magic by applying your strategies in trading and you'll become profitable. Trading isn't just like gambling, our decision is really matter in here to become effective trader.
Yes, any trader could create a magic from trading when are set with all the required skills and experience. Just skill-set alone will not be enough for creating magic in trading because you need lot of previous experience in order to produce a magic from trading. I never agree that there is no magic in trading because it is fully depending on ourselves and like you have mentioned it is within our hand.
hero member
Activity: 2828
Merit: 611
December 28, 2018, 09:24:18 AM
#81
Magic is in our hand and definitely we don't simply rely on the luck cause we are the one working on it personally. Find the magic by applying your strategies in trading and you'll become profitable. Trading isn't just like gambling, our decision is really matter in here to become effective trader.
Exactly.Trading has its own step by step processes so we have to learn it to be a good trader.We have to apply good strategies and skills to come up with a good trading result unlike gambling that is more dependent on luck.With trading,there is no magic in it because all things that you will apply on it is greatly a part of your masterpiece gained from lots of experiences.
Not just in trading, no-where we could create magic instantly. It must be a long-term process so that we be learning all the tricks and tactics of a professional way of trading. I believe only professional traders are able to create magic trading as they are the only people who are making consistent profits from trading. But, all other traders are just believing  that there is no magic in trading as they are not consistent with profit making.
sr. member
Activity: 952
Merit: 274
December 28, 2018, 08:44:46 AM
#80
There are no magic in trading, the outcome is always depends on your trading skills and strategy. It is not a magic where you can always win, if you want to win; then focus on how you will learn effective strategy in trading.
legendary
Activity: 3276
Merit: 1128
December 28, 2018, 08:33:03 AM
#79
By doing trading there will no a magic because it is  need pure skills and talent. If you want to become skillful trader you need to have many experience and you need to put more and efforts so you can achieve being a good and skillful trader.
That is the key difference between trading and any other field. People are looking for easy money and that is the reason they are looking for magic in trading. I agree trading is way for generating money but no money in this world could be generated easily. You must put time and efforts for finding methods to generate money, this way trading can help you but only when you are not depending on your luck but depending on your dedication.

I want to say there is no magic in this field and its pure talent and skill.
You cannot completely ignore the importance of being lucky in trading also because sometimes there may be some driving forces which will be leading you to get into a profitable trading. You may call it whatever name for that. But, that driving force could be classified as magical also.
legendary
Activity: 2548
Merit: 2259
December 28, 2018, 07:54:55 AM
#78
Trades in most cases end up being a disappointment, regardless of the outcome. If you buy at $100 and the price falls to $70 you are disappointed. If you buy at $100 sell at $120 but the price goes up to $150 you are yet again disappointed. In other words, the nothingness in trading continues for as long as you keep traing.

In this instance, people would get disappointed if they sustained losses selling at $70 rather than they feared of missing out, selling at $120. The magic in trading is a choose the right time to buy coins and the right time to sell coins. Since crypto exchange markets are highly manipulated and extremely volatile, trader cannot use technical analysis and should be a magician to determine the best time for purchasing assets. As an option, trader needs to continuously change own trading methodology depending on the current circumstances in the markets.

There is no magic in digits. The essence of trading lies in the mostly psychological ability to predict price movements.
full member
Activity: 700
Merit: 117
December 28, 2018, 07:38:43 AM
#77
if you only rely on magic it means you only depend on your luck? trading is not about gambling which can only benefit from luck, in trading you cannot do that, when you are wrong in determining the steps, you can just lose.
Yes, all the traders who are all approaching the markets just by believing in to their luck factor will eventually lose in then collapse completely. A magic in trading should not be considered as a luck factor. In magic in trading is possible only we are deserved for that to have.
My points aren't like that, yeah magic can be very helpful for a trader to save you or get a bigger profit. but as a trader you
shouldn't depend or expect too much of the magic in the end result dude, thats my point
Our market is really unstable for now and we can't expect for good profit by then. We look for magic which couldn't be happen, instead we look for better opportunities as we face into market downfalls.
sr. member
Activity: 1162
Merit: 251
December 28, 2018, 05:48:17 AM
#76
if you only rely on magic it means you only depend on your luck? trading is not about gambling which can only benefit from luck, in trading you cannot do that, when you are wrong in determining the steps, you can just lose.
Yes, all the traders who are all approaching the markets just by believing in to their luck factor will eventually lose in then collapse completely. A magic in trading should not be considered as a luck factor. In magic in trading is possible only we are deserved for that to have.
My points aren't like that, yeah magic can be very helpful for a trader to save you or get a bigger profit. but as a trader you
shouldn't depend or expect too much of the magic in the end result dude, thats my point
legendary
Activity: 2492
Merit: 1145
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December 28, 2018, 05:41:40 AM
#75
If you are realistic enough, you won't think that it's possible in trading.
IMO, trading is a risky activity where you could loss money, however, we can expect that we have a better chance here compared to gambling.
But this is not gonna happen easily, we need to consider trading as our journey so we will be able to give time to it in order to develop ourselves.

It's journey that is intended for long term, as no one would quit if he will become consistent but adjustments still needed along the way.
I have the same perception with you. Experience , talent , skill and luck is one of the most needed factors on becoming a successful trader. Earning money their is not easily as it says , We need to acquire many factors in order to became a successful trader.
member
Activity: 322
Merit: 10
December 28, 2018, 03:56:56 AM
#74
In trading, we need to work vigorously with our skills and knowledge on how trading will work in order for us to formulate a powerful strategy for a higher chance of earning but even do there is no magic like fairy tale to support for sure earning but still there is luck that can be rely on as even do how skilled you are in trading but without the power of luck then chances to earn big will become difficult.
sr. member
Activity: 896
Merit: 272
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December 28, 2018, 03:51:15 AM
#73
By doing trading there will no a magic because it is  need pure skills and talent. If you want to become skillful trader you need to have many experience and you need to put more and efforts so you can achieve being a good and skillful trader. Lastly, I want to say there is no magic in this field and its pure talent and skill.
member
Activity: 67
Merit: 24
December 28, 2018, 03:40:45 AM
#72
Quote
better chance here compared to gambling
Unless you are doing real statistical analysis and backtesting, this is gambling.
sr. member
Activity: 1092
Merit: 257
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December 27, 2018, 10:26:43 PM
#71
I can't imagine in trading have a magic haha, working in trading is purely need to give  quality time and focus because market waving seems like the movements of the air it's very fast high low value of altcoins.
I don't know why most of the peoples are not believe trading is a kind of magic. Because no one said the future so only trusted person make good profit in short term and I consider it is magic because some time makes success and sometimes it will failed so magic is unpredictable in anytime.
legendary
Activity: 3108
Merit: 1290
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December 27, 2018, 09:19:19 PM
#70
If you are realistic enough, you won't think that it's possible in trading.
IMO, trading is a risky activity where you could loss money, however, we can expect that we have a better chance here compared to gambling.
But this is not gonna happen easily, we need to consider trading as our journey so we will be able to give time to it in order to develop ourselves.

It's journey that is intended for long term, as no one would quit if he will become consistent but adjustments still needed along the way.
full member
Activity: 714
Merit: 100
December 27, 2018, 06:00:08 PM
#69
Definitely there's no magic in making money in trading. But the problem is that there are a lot of people who thinks that trading is very easy and it's a get rich scheme, which is not. And it doesn't mean that someone because successful, you will have to copy his method.

Everyone is up there, you just have to find the right groove and see what trading methods fits your goal. No need to make things complicated for you, it's not rocket science, you just have to look at it like a journey and every small steps is a lessons to learn.


Really useful information. Completeley agree with each word. But i want to add, is that everybody here should acknowledge from the start that it is very volatile market, so always use Stop-loss.

Yeah if you want to trade you must have high amount of knowledge about trading so you should try to enhance your trading skill. Magic surely does not work in trading patience, skills and knowledge works. Holding for long time will help you prevent panic selling and later in future you will be able to say you went well in trading without any kind of magic.
When you do talk about magic then you are simply relying on luck which means you don't really have skills at all.Theres no magic on trading and as you said
hardwork,patience, knowledge does the work.
Things would be effective if you do know how to control off yourself.

Magic or luck is also a key recipe to possibly won on trading . many times i always said that trading or investing is like playing a gambling because they are luck based as you didnt know what will be the future value's  of the coins that you are investing .

But that magic would more effective if combined with hardwork , skills , dedication , etc or any other good and positive traits  . 
full member
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December 27, 2018, 05:21:05 PM
#68
I can't imagine in trading have a magic haha, working in trading is purely need to give  quality time and focus because market waving seems like the movements of the air it's very fast high low value of altcoins.
legendary
Activity: 3206
Merit: 1213
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December 27, 2018, 04:02:52 PM
#67
There is nothing as a magic with trading, same time there were users who have profited good through trading just through magic. Recently I had an experience, suggested a friend of mine to invest into a particular coin. He invested three or four Eth, in less than a month what he got as return is more than 110 Eth. The important thing here is that he doesn't have any knowledge about trading.
member
Activity: 1204
Merit: 38
December 27, 2018, 03:11:27 PM
#66
Quote
it's not rocket science
Actually it is, smart minds follow big money, that's why salaries in Finance/Trading/BigData are insane. Which means we are playing against some of the smartest people with lots of money.
Don't lower your standards you are also a smart person in your way which is the thing you need to believe if you want to be one of the smartest person...

Trading is simply strategical you can make money when you play smart games.
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