Topic: There is no magic in trading - page 7. (Read 1543 times)
trading much how time we invest in improving our skills and in spending time in analysis and charts we get that much rewards while we get lazy profits will runaway from us and losses will come closer
It takes a huge full blown level of dedication to learning, persistence and your zeal to be successful in trading to get motivated into becoming a great trader. There is no magic at all, what just makes a lot of people different from each other, is their ability to learn and never stop learning. It is from learning that you gain experience over time, and you keep learning from that experience as well. Certainly, what you just need is to get yourself fully equipped with great deal of knowledge just like any other profession, always have a plan and strategy in place when you start trading and you will get a lot better quickly.
Its almost poetic. I however do not think that this was a hurdle we needed to pass before we can rise up again. This wasn't because of some market trouble and all that. This was done by some rich bitcoin whale who wants his own coin to rise up in the prices and sells his own bitcoin stash to supplement his own coin. Hence when you think of moving from one peak to another peak and you have to go down that hill first, this is not that hill. This is more like unforeseen avalanche of sorts.
Yeah you do need to go down a bit before you climb back up higher but this is not a climbing down, this is under a ton of snow because of an avalanche that was caused by someone yelling too loud or something. Hence the writing is amazingly poetic and I love it but not really what is going on right now.
Yeah you do need to go down a bit before you climb back up higher but this is not a climbing down, this is under a ton of snow because of an avalanche that was caused by someone yelling too loud or something. Hence the writing is amazingly poetic and I love it but not really what is going on right now.
I believe that we can gain in trading by our own will and strategy and there is really no magic behind it. The profit that we can maybe get in trading is really depend on our own experience and on how we do act or do such profitable thing inside the crypto feild. The best thing to do is to continue learning and do trading in a very slow way for good.
This is pure psychology and it is probably the hardest thing to master.
People shouldn't even attempt to master it. It's way better to focus on reliable forms of income rather than something so flashy and tricky as trading.
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.
I do occasionally watch all these bigshots on youtube pulling out their charts and draw lines in all sorts of directions. You know what my thought is? Get a life. Seriously. Some times they have drawn so many lines and triangles, that you can't even see the base chart anymore, lol.
trading is a game of mind and patience so if you dont have any patience to do it then dont go because in the end you have a huge chance that you might lose most of your capital in trading. You are right whatever movement that market goes a trader will get disappointed.
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.
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.
I really like the quote, trading is about analysis and speculation through the chart and data, it takes time and dedication to keep on learning to make profit, there is no shortcut or magic that can make you always make money from trading, and each of the people got their own strategy to achieve profit, so ecah of them got a strategy that maybe won't work for you, so trading is about you, and your ability to analyse and take decision
I also agree that this should indeed be a reference in the world of trading. Trading is a sure thing because we will read data and do graph analysis. But remember that sometimes there is a miracle. This happens a lot and we must be able to make decisions quickly. If it can be calculated then luck and magic will play a role in about 30% of the final result, I say that because I am a trader and I experience it. Try to think and see how the facts are, trading is a pleasant job for me.
Talk about trading should be taken care of and we will slowly make interference in a trading market as needed. trading is not a magic just with one click you can just easy to finish, but in what I say that it's easy to process but needed to be careful because sometimes you will win of this and sometimes you're losing money and it's really important that trading is to be analyzed well because of this, you can get a lot of profits.
I really like the quote, trading is about analysis and speculation through the chart and data, it takes time and dedication to keep on learning to make profit, there is no shortcut or magic that can make you always make money from trading, and each of the people got their own strategy to achieve profit, so ecah of them got a strategy that maybe won't work for you, so trading is about you, and your ability to analyse and take decision
This is pure psychology and it is probably the hardest thing to master.
People shouldn't even attempt to master it. It's way better to focus on reliable forms of income rather than something so flashy and tricky as trading.
Is such a reliable venture better than the so called focus income that perhaps comes at the end of the month or week depending on the country. One hardly succeeds in a venture they don't have strong passion, zeal or interest in, so is about learning the skills to trade because many people make good money from it especially forex trade. 
For example, beginners in trading (such as I'm) tend to let losing trades run longer than necessary. On the other side, they tend to cut winning trade early without letting them fully develop. This is pure psychology and it is probably the hardest thing to master.
Lol, you got me laughing. Such is an experience. That is what I could call traders apathy. You fear that a profiting trade might not get to a certain high highs, you end it and the next hour, same trade is dancing at that same spot. But then, it is still better to take your profit when you think it fit because anything can cause the price reversal.
Please stop quoting the entire OP,the original post is itself so long,quoting it makes it unreadable really I must say..
On topic:Its present amongst newbies in trading I think,one feels he/she can get in,invest,gather bags of money and keep going on and on..
And when they are eventually faced with the reality of trading they get hard done and most times crash along the way..
Trading takes loads and tons of patience as their happens to be no get rich quick scheme when trading,one ought to invest knowing at the back of their mind that it takes long to maximize profits..
Except one is a day trader who looks for little rise,and sells off immediately.
On topic:Its present amongst newbies in trading I think,one feels he/she can get in,invest,gather bags of money and keep going on and on..
And when they are eventually faced with the reality of trading they get hard done and most times crash along the way..
Trading takes loads and tons of patience as their happens to be no get rich quick scheme when trading,one ought to invest knowing at the back of their mind that it takes long to maximize profits..
Except one is a day trader who looks for little rise,and sells off immediately.
Trading is a job meant for the professionals, and if you must do it then you must be one.
Take years of studying, even find a reputable college which offered forex trading, and you can utilize the same strategy in cryotocurrency.
Regrettably when someone simply dabbles into trading on the promise of which profits, they lose their capital teice as fast.
Not every professional even knows there trade, so if you must invest in someone else's skill, it must be one with a good track record or profit and reputation.
Take years of studying, even find a reputable college which offered forex trading, and you can utilize the same strategy in cryotocurrency.
Regrettably when someone simply dabbles into trading on the promise of which profits, they lose their capital teice as fast.
Not every professional even knows there trade, so if you must invest in someone else's skill, it must be one with a good track record or profit and reputation.
Trading is something you should do while you can. A lot of people jump into trading thinking they can squeeze quick profit from it and exit it. No! There is no magic in trading. You have to learn and improve your trading skills. Sometimes you will lose and sometimes you will gain. You have to stick to whatever you decide.
I agree, many beginners consider that trading is a fast way to increase profits. like easy with the principle of buying cheap, and selling. the fact is not that easy it requires stable emotionsTo become a good trader you need to study more about it, you need to know the indicators that you will going to use in order to support your trading decision.
Beginners only think about making money, they forget to understand the real concept of trading and that is why many of them are losing money easily. Yes we can earn in just buy low, sell high method but its not that easy to spot when to enter and know when to exit, trading still must be done with enough knowledge. I don't know someone who successfully do trading without any sleepless night, tired of reading charts, and monitoring the market, its all about the hard work.
Trading is something you should do while you can. A lot of people jump into trading thinking they can squeeze quick profit from it and exit it. No! There is no magic in trading. You have to learn and improve your trading skills. Sometimes you will lose and sometimes you will gain. You have to stick to whatever you decide.
in a trade there is no such thing as a miracle, because the miracle is like we are gambling, expecting big profits in a short time, very different from trading, which is always trying to find a profit that is not so big but can be continuous, so the business of buying crypto currency it really requires sufficient understanding, this can be obtained through learning and making careful observations, we must realize there is no such thing as a miracle, if we do not want to try to advance we will always be left behind. 
Trading is something you should do while you can. A lot of people jump into trading thinking they can squeeze quick profit from it and exit it. No! There is no magic in trading. You have to learn and improve your trading skills. Sometimes you will lose and sometimes you will gain. You have to stick to whatever you decide.
I agree, many beginners consider that trading is a fast way to increase profits. like easy with the principle of buying cheap, and selling. the fact is not that easy it requires stable emotions
Trading is something you should do while you can. A lot of people jump into trading thinking they can squeeze quick profit from it and exit it. No! There is no magic in trading. You have to learn and improve your trading skills. Sometimes you will lose and sometimes you will gain. You have to stick to whatever you decide.
Jump to: