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Topic: Trade with a business mindset - page 2. (Read 838 times)

hero member
Activity: 1288
Merit: 961
October 23, 2022, 05:54:46 PM
#74
As Newton said, "I'm able to calculate stars moves, but not the madness of people!". If im not wrong he told it after lost thousands on stocks. Trading can be profitable but until when? You can't follow people madness on there all the time. You need to sleep, you have spent time outside blablabla. When you get back to pc surprise Smiley You portfolio -%30, %-40, %-50 Sad First rule of business mindset is being alert on your losses and acceptance on them. If you are obsessed on your losses you wont move forward.
hero member
Activity: 1974
Merit: 575
October 23, 2022, 05:39:02 PM
#73


However, one of the advantages of people who have huge funds would be not caring about surviving in the world. When I invest, I knwo that one health issue, one big unexpected payment, one trouble in my life and I may have to cash out my crypto, I wouldn't want to, sometimes I even make debt on credit card instead of cashing crypto, but its just life and it happens. If you have 80 million dollars, and put 10 million in crypto and 50 million in stocks and 10 million in real estate, you still have 10 million to live, which is more than enough. Hence, we shouldn't really be expecting those rich people to have the same ease of investment as we do, they do not play the same game that we play and that is why they will be able to invest easier and they would be capable of waiting for the bull run easier too.
sr. member
Activity: 1313
Merit: 302
October 23, 2022, 05:19:35 PM
#72
We should keep investigating on the company with more background.You can do continuous investment to that company.Because with the certain period,the company crypto currency will increase from the dip to the moon.So you will earn the more money as you like to earn so.People with huge more can earn more money from it.Because they invested huge money to the crypto currency.When the market get to the green shade.They also earn huge from it.
legendary
Activity: 2436
Merit: 1853
Leading Crypto Sports Betting & Casino Platform
October 23, 2022, 05:06:48 PM
#71
Trading with a business mind set is idea for traders, because if they take strategy on how market trader do their activities, I have stronge believe that they will be no too much loss.
Well, I think that's where you're going, but that has more background, because when we operate under a weight scheme as a company or as an institution, they have a lot of money, and they can win or lose a lot with movements that they make very delicate, then this is something that It can occur not only in the crypto market but also in any other speculation market, be it in forex, crypto, stock market, they all belong to the movement that we know as speculative markets and that is something that goes into a lot of theory and many fundamentals, and at the level of Despite being someone with a lot of money, other types of ideas occur and they operate according to them.
sr. member
Activity: 588
Merit: 428
The Alliance Of Bitcointalk Translators - ENG>PID
October 22, 2022, 12:03:53 PM
#70
Trading with a business mind set is idea for traders, because if they take strategy on how market trader do their activities, I have stronge believe that they will be no too much loss.
hero member
Activity: 2702
Merit: 704
October 22, 2022, 12:13:49 AM
#69
~snip~Crypto trading isn't a get rich scheme. Some days can be very profitable while some days might be terrible. The good days should be appreciated, the bad days welcomed and because everyday isn't profitable having a good profit plan for everyday trade helps save the profit and limit the losses. The first step is having a working strategy and after that is knowing the limit of your strategy. No matter how good a traders strategy appears there is always a limit it can't exceed. Not because those strategies aren't reliable but because the market varies and no single model trained can make accurate prediction in all market situation. Each of them have their strength and limitations

Crypto trading is a volatile trade and of course it can be a get rich quick scheme or a poor quick scheme and it also depends on how much money is used to trade. Using several strategies and determining strategy limits will certainly make trading more controllable, because every step taken is based on the initial strategy used. Every strategy that is made will indeed not be 100% accurate and there will be some failures that occur, the market cannot be controlled, the volatility is high, as a crypto investor or trader, of course you must be aware of it all. The higher the risk, the greater the return.
That is the thing, the people that come to this market when we are in the middle of a bull run think of bitcoin as a way to get rich quick, and who knows may be they will get to achieve their goals and make a lot of money in just a matter of weeks or months.

But just as they can get rich quick they can get poor quick as well, the losses people like those can suffer are huge, but they never really stop to think about something so elemental as somehow they believe themselves immune to any negative impact they may suffer.
member
Activity: 112
Merit: 121
October 21, 2022, 01:27:44 AM
#68
To trade in crypto, one must have an understanding of the market. It is always possible to be profitable by investing in cryptocurrencies but if investing it is important to have tips about the trends. When the price of the currency in the market goes down, if you invest, you get a good profit if the market goes up later.
legendary
Activity: 3038
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
October 17, 2022, 05:59:15 PM
#67
day trading is something very tiring and stressful that makes the person spend hours on the computer and do not earn a value that compensates the effort, while the person who buys using a longer period of time is able to have greater precision of support and resistance and trend reversal and just buy and place stop-loss and then have the patience to wait days until the price rises a lot and touches a big resistance and then show some candles from reversal from uptrend to downtrend then sell and buy again when the price drops too much to the point of touching an important support and showing a reversal candle from a downtrend to an uptrend, thus making a person profit without having too many headaches

also the technical analysis according to how the markets are, sometimes it is better to think like a whale, so as not to be the little fish that the whales eat in the market.

whales don't buy and don't sell without doing a technical analysis, they don't waste money buying by instinct, they use long-period candles like 1h, 4h and 8h to be more accurate in predicting prices, after they buy they do hodl until the price has a big increase and they only sell when the price shows a strong drop signal
sr. member
Activity: 2226
Merit: 347
October 17, 2022, 04:58:48 PM
#66
Realistic between business and trade have one goal how to earn profit, I think mindset of trader is business because how can earn much profit when entering in trading. Have calculated about how much profit goal achievement with capital fund have, business have the same planning with trade, allocated several percent fund and profit earn target should be above 10% until 20% in few months or a years. But trading can get profit as soon possible and business maybe need waiting several months later to earn profit, but business have risk and trader have mindset if trading bigger risk than business.
Whenever we do talk on things that could potentially make us profit then much sure that we should really be that thinking up on that way which is to avoid losses or minimize it as much as we could.
Its the same concept whether you do make yourself get involved with trading or any business or ventures out there.So it does really depend and vary.
Trading up with a business mindset does really correlate out on how to accept risk and make out back up plans.Same goes when you do really make yourself
that mindful when you do make out trades.
legendary
Activity: 2436
Merit: 1853
Leading Crypto Sports Betting & Casino Platform
October 16, 2022, 10:55:20 AM
#65
When a person begins to think as if he were a whale, he sees the market in another way, it is better to do it that way, because that way the market can be better understood, because in part those who define the market are the whales, institutions, and when you can the emotions, the fundamental ones, for me it is essential to learn to establish a good control over the information that we are currently receiving, the drums of war, everything related to this can influence the market, also the technical analysis according to how the markets are, sometimes it is better to think like a whale, so as not to be the little fish that the whales eat in the market.
sr. member
Activity: 2254
Merit: 309
Seabet.io | Crypto-Casino
October 15, 2022, 05:08:16 PM
#64
Realistic between business and trade have one goal how to earn profit, I think mindset of trader is business because how can earn much profit when entering in trading. Have calculated about how much profit goal achievement with capital fund have, business have the same planning with trade, allocated several percent fund and profit earn target should be above 10% until 20% in few months or a years. But trading can get profit as soon possible and business maybe need waiting several months later to earn profit, but business have risk and trader have mindset if trading bigger risk than business.
hero member
Activity: 896
Merit: 645
October 15, 2022, 03:00:17 PM
#63
Obviously, that's the truth and most persons crypto traders and investors have failed to realise this. It's the reason why many investors rush towards taking an altcoin investment wth hopes to cash up with its golden age as a start up. Some do while others lose due to pump and dump. This is largely due to the fact that, investors still key in on the history of those whom made it out of bitcoin and some altcoin that have been around just enough simply by buying early.

Traders exhibit same strategy by not having a trading plan. They seem not to realise when it's just enough and leave instead, they entertain greed. An element to trading that can lay waste all efforts to making good profits.

Being realistic as to how much would be enough in a trade is skme way to go about minimising loses.
sr. member
Activity: 2002
Merit: 250
October 15, 2022, 09:45:34 AM
#62

How long would a trader rely on and continue copy trading after paying huge monthly fee? if they suddenly stop sending signals that mean such a trader will stop trading because of lack of trading skills, why not devote a lot of time on personal learning process of trading, afterall the internet is there with every information that can be harnessed and use to build a personal trading strategy, losses is inevitable in trading however, the ability to manage trades even with a few wins and turn it profitable is another skill in money management above bear in mind that avoiding greediness in trading is the key to becoming a successful trader.
That is a big [problem relying on others as for sure they will never stay at your back all the time. A reason why we should have to push ourselves to learn standing our own feet and enhance our knowledge in trading while there is someone beside us. We have to take that moment as we never know what might happen in the coming days but literally, I foresee good results when having our own decisions as we can do whatever we wanted, though it was risky and full of trial and error. But yeah, this way to success.
Relying on and continuing to depend on others is a mistake I think we have to realize that,
we must be able to walk alone without having to have help from others continuously,
it's not easy and the key is patience and enjoy the process
legendary
Activity: 1946
Merit: 1157
Undeads.com - P2E Runner Game
October 15, 2022, 09:20:46 AM
#61
~snip~Crypto trading isn't a get rich scheme. Some days can be very profitable while some days might be terrible. The good days should be appreciated, the bad days welcomed and because everyday isn't profitable having a good profit plan for everyday trade helps save the profit and limit the losses. The first step is having a working strategy and after that is knowing the limit of your strategy. No matter how good a traders strategy appears there is always a limit it can't exceed. Not because those strategies aren't reliable but because the market varies and no single model trained can make accurate prediction in all market situation. Each of them have their strength and limitations

Crypto trading is a volatile trade and of course it can be a get rich quick scheme or a poor quick scheme and it also depends on how much money is used to trade. Using several strategies and determining strategy limits will certainly make trading more controllable, because every step taken is based on the initial strategy used. Every strategy that is made will indeed not be 100% accurate and there will be some failures that occur, the market cannot be controlled, the volatility is high, as a crypto investor or trader, of course you must be aware of it all. The higher the risk, the greater the return.
sr. member
Activity: 2338
Merit: 338
October 15, 2022, 06:48:56 AM
#60

How long would a trader rely on and continue copy trading after paying huge monthly fee? if they suddenly stop sending signals that mean such a trader will stop trading because of lack of trading skills, why not devote a lot of time on personal learning process of trading, afterall the internet is there with every information that can be harnessed and use to build a personal trading strategy, losses is inevitable in trading however, the ability to manage trades even with a few wins and turn it profitable is another skill in money management above bear in mind that avoiding greediness in trading is the key to becoming a successful trader.
That is a big [problem relying on others as for sure they will never stay at your back all the time. A reason why we should have to push ourselves to learn standing our own feet and enhance our knowledge in trading while there is someone beside us. We have to take that moment as we never know what might happen in the coming days but literally, I foresee good results when having our own decisions as we can do whatever we wanted, though it was risky and full of trial and error. But yeah, this way to success.
sr. member
Activity: 2590
Merit: 322
SOL.BIOKRIPT.COM
October 15, 2022, 01:35:14 AM
#59
it’s always good to have your own strategy because this is your own battle and you have to do everything just to win in trading .

I have seen people not trying to build their own trading pattern but they are relying on copy trading because of their past experience of loses. They are not doing a business of their own if they are waiting for trade call before they go in because such type of trading is not with business mindset but to always follow the call of a sender whose mind is that of the mind of the sender.
Copy trading can work, but you have to pay huge fees for that but I think this can work more if you are too busy to analyze the market, but if you have a lot of time for trading then I also suggest to learn this on your own and save yourself from paying huge fees monthly. Well, I have my friends joined a signal group before, and guess what he choose to leave and start on his own. Trading can be consider as your business as well, you work for it but still the profit is not guaranteed same as business, you need to be more wise.
How long would a trader rely on and continue copy trading after paying huge monthly fee? if they suddenly stop sending signals that mean such a trader will stop trading because of lack of trading skills, why not devote a lot of time on personal learning process of trading, afterall the internet is there with every information that can be harnessed and use to build a personal trading strategy, losses is inevitable in trading however, the ability to manage trades even with a few wins and turn it profitable is another skill in money management above bear in mind that avoiding greediness in trading is the key to becoming a successful trader.
hero member
Activity: 2702
Merit: 704
October 15, 2022, 01:13:40 AM
#58
As we trade more we will learn what can be the best method that makes us profitable. It will depend on our dedication and principle in how we handle money when we win and when we lose. There were times we will lose and realize that we should not do such or such move. We must take note of those times and apply in our next method. Once we find the method that make profit we will be able to analyze how to manage it well.
Yes, it is a learning process we can get by practicing it directly to give us experience.
The more we learn about trading, of course, it will increase our ability to analyze and our efforts to get bigger profits.
It's okay if we experience losses; as long as we consider it a process that we must go through, it can also make us cautious in our decisions.
By continuing to learn, we can find which ones are suitable for us to do and in analyzing, we can also get clues about when to enter the market.
Experience will always be the best teacher. Though there are inevitable losses in trading that are hard to sustain, but if you keep learning from them, you can still get decent amount of profits despite of the market uncertainty. After all, trading can be learned and gained, so it’s up to us how we can increase our profits even if it means our working strategies do not last long, we need to keep on developing new ones in order to sustain and maintain consistent profits.
It is true that learning things on our own and going through them is the way in which we can more easily remember the knowledge we have acquired, but if you only learn this way when it comes to a topic like managing your money very quickly you will find yourself losing your capital.

It is important to learn as much as possible from books and the experiences of others as a way to minimize our losses, since trading and investing are two topics which are simply too deep and complex to learn exclusively from our experiences.
hero member
Activity: 784
Merit: 732
October 11, 2022, 11:58:57 PM
#57
Comparing this to crypto trading many traders have good strategy. Some see good profit but fail to take them because the expect something bigger. If crypto traders can use the business mindset on their analysis the ratio of their profit to loss percentage will be so large. A business person keeps their greed out of their business because the know if their price get unaffordable they might lose their customers. If crypto traders have a price the expect from every trade we will have more profit than losses.
In addition to greed that makes a crypto trader fail to take profits. the lack of patience factor is also the cause of them failing to enter purchase and sales entries correctly. Many crypto traders are impatient in taking their entry positions. they sometimes analyze well. but sometimes it's because they can't control their emotions and they're impatient that they rush and ignore the good analysis they've got. so sometimes our analysis is right. manage our trader psychology that is not right. and their business minds are always in control of their emotions. so they move according to the analysis they have done. they can refrain from greed. and keep trading patiently and unhurriedly.

most traders who lose are those who cannot control themselves mentally or psychologically.
The emotions we have to control when trading are feelings of fear, greed, patience and serenity. if we can control those emotions. then we can apply our analysis in trading properly.
hero member
Activity: 2492
Merit: 586
October 11, 2022, 09:00:31 PM
#56
Mindset matters a lot in trading just as it matters in other things. also understanding and having a business mindset towards trading can also help. just like business you make profits and then you also lose in trading and new traders should understand and not bite themselves about this or make their losing discourage them from wanting to keep trading thinking that older traders never lose but always gain.

Everyone experiences losses and the new traders need to recognise and understand this. The only difference is that the older traders know how to manage their losses something that the new traders need to learn, just like business people who manage situations.
I think mindset is a general word. It's how one thinks so you will still need to specify if what mindset is needed in your description but it seems you are talking about a positive mindset there because we are giving advises here and not someone to teach them a bad way to trade. Trading can be considered as a business because we can earn profit out of it so yeah we need to develop a business mindset when if we are dealing with it.

Losing is a part of every business but there are people who can't help it but to quit because they lose a big portion of their money. This is why it's better to start small first on every business we venture.
full member
Activity: 728
Merit: 117
October 11, 2022, 07:58:55 PM
#55
Experience will always be the best teacher. Though there are inevitable losses in trading that are hard to sustain, but if you keep learning from them, you can still get decent amount of profits despite of the market uncertainty. After all, trading can be learned and gained, so it’s up to us how we can increase our profits even if it means our working strategies do not last long, we need to keep on developing new ones in order to sustain and maintain consistent profits.
Experience coupled with how we evaluate and learn from the experience so as to provide an even better experience. there are so many professional traders who have had bitter experiences previously and lost a lot of money until finally, they were able to take lessons and evaluate the various strategies. So they can be successful and professional.

However, there are also traders who have had bitter experiences but ended up quitting and not continuing because of the trauma of losing a lot of money and blaming crypto for the defeat, this is how one cannot take the experience as a very valuable lesson.
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