Trade with caution | Bitcointalksearch.org

ancafe

hero member

Activity: 1652

Merit: 702

Quote from: Comingdown on July 27, 2023, 08:04:55 AM

I couldn't agree more, the term investing and trading are being used interchangeably. But what makes this two similar to each other is that both requires a calculated move. So before you invest or trade, make sure that you are knowledgeable enough before you get yourself involve in such things.

Just to add on this, based on my experience, trading is more risky than investing. In actual fact, trading is more sensitive in fluctuations and most likely to be affected by it.

Calculations and strategies are needed in doing both, trading cannot always produce profits and there are times when we experience losses. One can slowly practice for trading skills and hands on involvement will also give experience every time to do so and to avoid big risks it is best to trade small amounts as a measure to avoid big losses as a beginner. So that it doesn't affect psychologically and you can learn to have experience with the appropriate type of trading.

Fixed investment has a level of risk that is incurred, but has a way to maximize it and when someone does not have the ability to see potential market movements in a short time then investment is more suitable, while trading is much riskier and that's why not many people are suitable for trading if have no knowledge.

Rengga Jati

hero member

Activity: 1932

Merit: 622

Quote from: Viscore on July 19, 2023, 05:59:32 PM

Learning is constant in trading. Educate yourself continuously and learn from every mistake you gained from trading, that way you will surely grow and progress in your trading career. Also, know that every trader has its own fair share of losses and as long as you never end up quitting and continue to take risk in trading, and you keep on trading with caution, then experience will make a you better and successful trader in the end. Just trust the process as everything in trading can be learned and mastered.

Yes, as long as they have good management and are not in a hurry, in fact, through a learning by doing process, a trader should be able to trade better every day. Not only do you want quick success, but you also have to really go through the right process, trying to evaluate every time you trade, whether it's a loss or profit. Because of this evaluation, you can start to discover your trading method, strategy and also some of the factors that influence it. But unfortunately, sometimes a newbie doesn't want to do that more consistently by taking every step of the trade carefully. Because sometimes they expect too much from trading, and behind that, they don't want to lose at all. You also have to be really strong mentally when trading, because trading is high risk, it really tests our mentality and emotions in it. Emotional and mental management is needed so that we remain sane and wise in making all decisions.

mvdheuvel1983

sr. member

Activity: 1022

Merit: 368

Quote from: Riginac111 on July 08, 2023, 05:18:03 AM

As newbie I'm of a suggestion that it's good to advocate time to learn bitcoin and its chart of market before investing in any part of cryptocurrency investment and bitcoin, as a new investors that want to make profit and don't want to experience losses in investment, we should know the values of coins either altcoins and otherwise before investing

It is good that newbies should have mentors , successful traders and not just anyone that they can big with their questions, confusions and frustrations about trading. This one above all should not be ignored. A newbie trader is like a lion cub without the pride, the cub wouldn't survive 2 days in the jungle. As a follow up to this, newbies should join trading communities with other traders but they should be extremely cautious and vet each of those groups thoroughly. They should immediately exit them of they smell a scam.

KaizenJujustsu

newbie

Activity: 55

Merit: 0

Quote from: AakZaki on July 20, 2023, 05:16:48 PM

Quote from: Patrol69 on July 20, 2023, 12:21:46 AM

It is very important to be careful in trading. If we are not careful about money then we will surely lose our money. Whenever we are more careful about our money we will not take any wrong decision by thinking about the decision several times before taking the wrong decision and then taking that decision. You should always know about new hawk or old hawk trading in terms of trading. There is no fixed limit to knowledge about trading as long as you have been trading. Another important factor in being successful in business is to believe in yourself and not be overly greedy. Profit and loss is a normal thing in business but business should be done in such a way that the amount of profit is more than the loss but the business is successful.

The self-confidence factor must also be balanced with good knowledge about trading. Don't rely on yourself when you don't know what to do. it will only give you a loss because you are only making guesses without any analysis. Profits and losses are natural, but if you experience losses because you don't understand anything, that's stupidity and if you keep winning, it's just luck.

Yeah, I agree with this. I had the experience with this just when I was newly exposed to crypto trading, out of FOMO, randomly buying coins without any basis only pure luck, and I can assure you, it will never go well.

The best thing to do is invest first in knowledge. It is hard to win over something we don't fully understand, and we will never overcome all those barriers in trading if we do not have the capacity to learn. At the end of the day, we are in charge of our own destiny in trading, either we will benefit from it or give us drawbacks.

Comingdown

newbie

Activity: 62

Merit: 0

Quote from: ancafe on July 27, 2023, 12:40:08 AM

Quote from: Riginac111 on July 08, 2023, 05:18:03 AM

As newbie I'm of a suggestion that it's good to advocate time to learn bitcoin and its chart of market before investing in any part of cryptocurrency investment and bitcoin, as a new investors that want to make profit and don't want to experience losses in investment, we should know the values of coins either altcoins and otherwise before investing

Greed and big lust to get big profits in a short time without knowledge will lead someone to the gates of destruction. Trading requires complete knowledge, mental, master the market and other technical matters. One can learn directly how to trade properly, but involvement in it must be adjusted to a smaller amount. Trading is not always profitable and there are times when you will run into losses and psychology will come into play when this happens.

But you also have to be able to distinguish between trading and investing, because both have differences. How is it possible for people to be involved in trading when the differences between the two cannot be distinguished, because I see you are mixing trade with investment in one discussion in this thread.

Quote from: Riginac111 on July 08, 2023, 05:18:03 AM

Learning is a continuous process

By learning and direct practice we will gain knowledge, so never stop for both.

I couldn't agree more, the term investing and trading are being used interchangeably. But what makes this two similar to each other is that both requires a calculated move. So before you invest or trade, make sure that you are knowledgeable enough before you get yourself involve in such things.

Just to add on this, based on my experience, trading is more risky than investing. In actual fact, trading is more sensitive in fluctuations and most likely to be affected by it.

ancafe

hero member

Activity: 1652

Merit: 702

Quote from: Riginac111 on July 08, 2023, 05:18:03 AM

As newbie I'm of a suggestion that it's good to advocate time to learn bitcoin and its chart of market before investing in any part of cryptocurrency investment and bitcoin, as a new investors that want to make profit and don't want to experience losses in investment, we should know the values of coins either altcoins and otherwise before investing

Greed and big lust to get big profits in a short time without knowledge will lead someone to the gates of destruction. Trading requires complete knowledge, mental, master the market and other technical matters. One can learn directly how to trade properly, but involvement in it must be adjusted to a smaller amount. Trading is not always profitable and there are times when you will run into losses and psychology will come into play when this happens.

But you also have to be able to distinguish between trading and investing, because both have differences. How is it possible for people to be involved in trading when the differences between the two cannot be distinguished, because I see you are mixing trade with investment in one discussion in this thread.

Quote from: Riginac111 on July 08, 2023, 05:18:03 AM

Learning is a continuous process

By learning and direct practice we will gain knowledge, so never stop for both.

Smartvirus

legendary

Activity: 1414

Merit: 1108

Trading the crypto market is the one place where you can try any reckless or unexamined moves because, it’s money your playing around with in a market filled with both professionals and those that trades for themselves, all with many years of experience haven’t been hooked up on trading for so long.

You don’t become better by trading the market once, you get to practice and lots of it, try your over time developed skills and see how it works with you. It’s a good thing there are lots of resources out there to research with and align yourself to what is obtainable but, never feel too all knowing to trade the market without proper analysis and exercise caution about the level of leverage you use.

Natalim

hero member

Activity: 2898

Merit: 590

BTC to the MOON in 2019

Quote from: Sterbens on July 20, 2023, 12:00:09 AM

Quote from: Viscore on July 19, 2023, 05:59:32 PM

Learning is constant in trading. Educate yourself continuously and learn from every mistake you gained from trading, that way you will surely grow and progress in your trading career. Also, know that every trader has its own fair share of losses and as long as you never end up quitting and continue to take risk in trading, and you keep on trading with caution, then experience will make a you better and successful trader in the end. Just trust the process as everything in trading can be learned and mastered.

Losses are part of trading, and it's very normal for traders to experience them, so don't be overly afraid when faced with situations that make our trades lose. As you said, the desire to grow should come when we experience losses, because it can be a big driving factor if we can turn it into a high motivation so that we are more active in learning things related to trading.
I am very sure that someone who is already a professional trader now started trading by experiencing many losses too, but they can improve from what they experienced in those losses. I have a belief that every successful person must have experienced failure.

Being afraid is a hindrance to our success and if we want to reach our goal, we are also reading to take the risk and experience losses if possible. Pro traders don't reach their position without suffering losses and it is because they started from being newbies and less knowledge. In fact, even though they are in a position right now, I couldn't think that they are making themselves easily but still cautious with their actions and market decisions because they practice becoming more careful despite that they already have knowledge and experience.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: AakZaki on July 20, 2023, 05:16:48 PM

The self-confidence factor must also be balanced with good knowledge about trading. Don't rely on yourself when you don't know what to do. it will only give you a loss because you are only making guesses without any analysis. Profits and losses are natural, but if you experience losses because you don't understand anything, that's stupidity and if you keep winning, it's just luck.

I rarely see traders keep winning, implying that they are continuously winning money, its more like they are profiting and losing but the newt amount is positive. Luck is not the full reason here, skills do apply as long as we keep ourselves limited to "spot" trading which is the trading method. Anything other than spot trading is a gambling and entering those increases your risk just like EV- gambling.

Eventually a trader understand how the spot market works and how to take advantage of market movements.

petulino

full member

Activity: 280

Merit: 114

👉bit.ly/3QXp3oh | 🔥 Ultimate Launc

Quote from: Viscore on July 19, 2023, 05:59:32 PM

Learning is constant in trading. Educate yourself continuously and learn from every mistake you gained from trading, that way you will surely grow and progress in your trading career. Also, know that every trader has its own fair share of losses and as long as you never end up quitting and continue to take risk in trading, and you keep on trading with caution, then experience will make a you better and successful trader in the end. Just trust the process as everything in trading can be learned and mastered.

It is rightly said that trading is not that easy, it is necessary to have good experience. A trader with good experience and market knowledge can do good trading. We need to continuously learn and never ignore our mistakes. If our trade ever goes wrong, we should consider where we went wrong. Sometimes even due to some bad news, our estimates go wrong, but sometimes due to our own mistake, we have to suffer. You should continue your knowledge and research about the market and news also has a big impact on this market so you should keep yourself informed about the news. Choosing good coins for trading is also very important so that we can improve our trading.

AakZaki

legendary

Activity: 2338

Merit: 1076

zknodes.org

Quote from: Patrol69 on July 20, 2023, 12:21:46 AM

It is very important to be careful in trading. If we are not careful about money then we will surely lose our money. Whenever we are more careful about our money we will not take any wrong decision by thinking about the decision several times before taking the wrong decision and then taking that decision. You should always know about new hawk or old hawk trading in terms of trading. There is no fixed limit to knowledge about trading as long as you have been trading. Another important factor in being successful in business is to believe in yourself and not be overly greedy. Profit and loss is a normal thing in business but business should be done in such a way that the amount of profit is more than the loss but the business is successful.

The self-confidence factor must also be balanced with good knowledge about trading. Don't rely on yourself when you don't know what to do. it will only give you a loss because you are only making guesses without any analysis. Profits and losses are natural, but if you experience losses because you don't understand anything, that's stupidity and if you keep winning, it's just luck.

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: Questat on July 19, 2023, 08:53:36 AM

Quote from: ultrloa on July 19, 2023, 08:25:25 AM

You cannot get a mentor unless you can pay them for the time they spent upon teaching you or either there are one of your close relatives that willing to help you learn on how to trade correctly. If you don't have any opportunity to learn from them much better to self study about trading since experience is powerful tool for us to became a high caliber trader. So if we are in learning stage much better if just enjoy the trade flow and for sure in future our efforts will be paid off once we learn the technicalities of trading in crypto market.

But we must also know that trading couldn't be learned instantly. Asking for a mentor is a good option if we wanted to learn faster but yeah, we also have to pay for the services offered and they are quite expensive which is why many traders are preferred to take the self-study option although it takes a longer time. However, learning to trade is perhaps continuous because everyday trade that we experience could also contribute to learning as well. We become experts in this field not because of what we get from self-study or mentors but because we gain success due to our long trade experience.

No instant on any aspects in life so we need to deal with reality and not everyone is capable to hire a mentor since somehow its quit expensive if you want to hire a legit one that can teach you until you learn. If you don't have any capabilities since you only have enough money to spend on your trading so self study is really needed and we can learn those skills thru experience we encounter and also to the other who experiences heavy lose from their bad trades. We just need to be cautious and have critical thinking so that we will not get fooled by scammers and do good trades in the market.

justdimin

hero member

Activity: 2968

Merit: 670

www.Crypto.Games: Multiple coins, multiple games

Quote from: Peanutswar on July 19, 2023, 10:17:06 AM

Every trading we made we gain experience not all the time we win the trades this serves as a lesson to us what are the things we need to fix, another thing is if you didn't apply those mistake you made I guess you need to make changes to your self we learn from those to prevent this things might happen again use this to serve as a lesson to you so you don't repeat it again. Another thing is people keep doing a single coin holdings or making a single pot of asset if those asset falls down all of your investment goes down too ideal to separate and scattered those funds so you can still win in others if you didn't mange to get profit to those some investments.

This is why I do not "hate" losses, specially if they are not huge amounts. For my personal amount, if I made a mistake that is under 100 dollars that's good enough for me, I know that's very little for some people but for me that's just fine, if more then it is going to risky situation. Why do I not "hate" them, because I can see what I did wrong and that way I would be able to actually make a profit off it as well, that's not really all that bad and I think it is going to actually help me on the long run.

That mistake you made for a low amount could turn into a profit that you made for a big amount in the future if you learn from that mistake. This is why I believe that it is quite good to make sure I can make a good profit by learning from them.

Patrol69

sr. member

Activity: 588

Merit: 274

It is very important to be careful in trading. If we are not careful about money then we will surely lose our money. Whenever we are more careful about our money we will not take any wrong decision by thinking about the decision several times before taking the wrong decision and then taking that decision. You should always know about new hawk or old hawk trading in terms of trading. There is no fixed limit to knowledge about trading as long as you have been trading. Another important factor in being successful in business is to believe in yourself and not be overly greedy. Profit and loss is a normal thing in business but business should be done in such a way that the amount of profit is more than the loss but the business is successful.

Sterbens

sr. member

Activity: 1848

Merit: 341

Duelbits.com

Quote from: Viscore on July 19, 2023, 05:59:32 PM

Learning is constant in trading. Educate yourself continuously and learn from every mistake you gained from trading, that way you will surely grow and progress in your trading career. Also, know that every trader has its own fair share of losses and as long as you never end up quitting and continue to take risk in trading, and you keep on trading with caution, then experience will make a you better and successful trader in the end. Just trust the process as everything in trading can be learned and mastered.

Losses are part of trading, and it's very normal for traders to experience them, so don't be overly afraid when faced with situations that make our trades lose. As you said, the desire to grow should come when we experience losses, because it can be a big driving factor if we can turn it into a high motivation so that we are more active in learning things related to trading.
I am very sure that someone who is already a professional trader now started trading by experiencing many losses too, but they can improve from what they experienced in those losses. I have a belief that every successful person must have experienced failure.

jossiel

hero member

Activity: 2842

Merit: 625

Quote from: Silberman on July 19, 2023, 05:02:21 AM

Having mentor is without a doubt one of the best ways to avoid making mistakes you can find, however there are very few traders out there which enjoy the fortune of having a mentor, and there are many reasons for this, very few traders are profitable on the markets and even fewer can tell you why they are profitable at all, and if that was not enough there are many traders out there which do not want to teach their techniques as it took them years to refine them, so your average trader has no choice but to try to learn how to trade on their own.

Lucky are those new traders that have an active mentor that teaches them the best strategies that they've come up over their trading career.

And they're even luckier if there's no price that they can define their mentorship to them as if they're just friends and it's all good whether you'll give them something for the fee or none.

Typicall, with these mentors, they won't spend a lot of time to stay on one person if they know that they've got no money to for them. That's why they're truly lucky if they found to teach them.

stomachgrowls

hero member

Activity: 2856

Merit: 769

Quote from: ultrloa on July 19, 2023, 08:25:25 AM

Quote from: Silberman on July 19, 2023, 05:02:21 AM

Quote from: Dickiy on July 16, 2023, 12:05:54 PM

Quote from: Silberman on July 16, 2023, 04:30:08 AM

Many traders do not even realize they made a mistake and the few that do refuse to acknowledge them, and with that kind of mentality then it is obvious they will not learn from their mistakes and they will keep repeating them, which is a shame as even if it is preferable to never make a mistake while we trade, this is not a realistic option, so the best we can do is to learn from our mistakes and avoid them in the future, but unfortunately something as simple as this is beyond the capabilities of many traders.

Therefore the role of a mentor or teacher is very important here, they will act as someone who will direct and educate every step that will be taken by traders, especially novice traders. I strongly feel the position that any trader who chooses to go it alone with limited knowledge is very prone to making some mistakes. They know they have suffered a loss but most of them do not realize what wrong they have done. They think it's normal and indeed all traders will experience it, but isn't it better if we do research on the various losses that we experience, the goal is clear so that we can better understand the various risks involved. trading and accompanied by a mentor at least we will know things that we should not do. Actually it is very difficult to go through this process if we are not accompanied by a professional because it is very possible for various mistakes to occur when we do it ourselves with limited knowledge.

Having mentor is without a doubt one of the best ways to avoid making mistakes you can find, however there are very few traders out there which enjoy the fortune of having a mentor, and there are many reasons for this, very few traders are profitable on the markets and even fewer can tell you why they are profitable at all, and if that was not enough there are many traders out there which do not want to teach their techniques as it took them years to refine them, so your average trader has no choice but to try to learn how to trade on their own.

You cannot get a mentor unless you can pay them for the time they spent upon teaching you or either there are one of your close relatives that willing to help you learn on how to trade correctly. If you don't have any opportunity to learn from them much better to self study about trading since experience is powerful tool for us to became a high caliber trader. So if we are in learning stage much better if just enjoy the trade flow and for sure in future our efforts will be paid off once we learn the technicalities of trading in crypto market.

There's no need for you to pay up for some mentor for you to be able to learn up trading on which you could really be able to learn up things on your own considering that all tools and necessary write ups or articles or things which you would really be needing could be seen on net, on which means it would really be just simply needing up that your effort for you to learn things up on which means that you could be having that self-learn if you do wanted and if you are really that serious on learning trading on your own without the need on spending it up because its never been that worth.

The rest of the learning could really be acquired through real experience which is something that you would really be able to gain along the way or on the time that you do make out actual trades. Mistakes and errors
are common but these are learning stones or stepping ones which you would really be making yourself way more better and be more that aware on how this market behaves or works. Somewhat its never been
that easy on predicting prices but doesnt mean that its impossible. You are the ones who would be making out decisions basing up on what you have learned after all this time.

Viscore

hero member

Activity: 3038

Merit: 647

Learning is constant in trading. Educate yourself continuously and learn from every mistake you gained from trading, that way you will surely grow and progress in your trading career. Also, know that every trader has its own fair share of losses and as long as you never end up quitting and continue to take risk in trading, and you keep on trading with caution, then experience will make a you better and successful trader in the end. Just trust the process as everything in trading can be learned and mastered.

TimeTeller

hero member

Activity: 2730

Merit: 588

Quote from: Peanutswar on July 19, 2023, 10:17:06 AM

Quote from: armanda90 on July 15, 2023, 10:11:58 AM

Quote from: Inwestour on July 15, 2023, 09:28:05 AM

It is very difficult to apply the experience of another trader on yourself, I mean that it is difficult to learn from the mistakes of others, everyone thinks that they could make a better decision in the same situation. Therefore, we get experience, only when we ourselves make mistakes and lose money, this will be the best lesson to learn. No matter how carefully you try to trade, but mistakes will be inevitable, I do not know a single trader who would become successful and at the same time never lose money.

Trues, based on my experienced with how many mistake I made and always did the same mistake when trading with other coins, actually experienced is the best teacher but can't apply in cryptocurrency trading. Many time loss moment when trading exactly when is right time to buy or sell. I don't think with some trader how expert they are because mistake will be inevitable on every time, but right now I learned more from my mistake and trade in several kinds of my fund.
I don't all in my fund in single trading and spent half capital for trade on another time or recovery fund when bitcoin or altcoin going drop to lower price.

Every trading we made we gain experience not all the time we win the trades this serves as a lesson to us what are the things we need to fix, another thing is if you didn't apply those mistake you made I guess you need to make changes to your self we learn from those to prevent this things might happen again use this to serve as a lesson to you so you don't repeat it again. Another thing is people keep doing a single coin holdings or making a single pot of asset if those asset falls down all of your investment goes down too ideal to separate and scattered those funds so you can still win in others if you didn't mange to get profit to those some investments.

As each trade is different as the market performance of each coin varies from one to the next,
you can't apply what you have learned from your previous trade to your next trade.
But you can always keep in mind such lesson when you encounter it again.
Diversification is always advisable to get out alive in any market. You always need to think of your contingencies so as not to go bankrupt,
when one asset is on the losing side. Better think ahead rather not prepared for what's to come.

Peanutswar

legendary

Activity: 1498

Merit: 974

Top Crypto Casino

Quote from: armanda90 on July 15, 2023, 10:11:58 AM

Quote from: Inwestour on July 15, 2023, 09:28:05 AM

It is very difficult to apply the experience of another trader on yourself, I mean that it is difficult to learn from the mistakes of others, everyone thinks that they could make a better decision in the same situation. Therefore, we get experience, only when we ourselves make mistakes and lose money, this will be the best lesson to learn. No matter how carefully you try to trade, but mistakes will be inevitable, I do not know a single trader who would become successful and at the same time never lose money.

Trues, based on my experienced with how many mistake I made and always did the same mistake when trading with other coins, actually experienced is the best teacher but can't apply in cryptocurrency trading. Many time loss moment when trading exactly when is right time to buy or sell. I don't think with some trader how expert they are because mistake will be inevitable on every time, but right now I learned more from my mistake and trade in several kinds of my fund.
I don't all in my fund in single trading and spent half capital for trade on another time or recovery fund when bitcoin or altcoin going drop to lower price.

Every trading we made we gain experience not all the time we win the trades this serves as a lesson to us what are the things we need to fix, another thing is if you didn't apply those mistake you made I guess you need to make changes to your self we learn from those to prevent this things might happen again use this to serve as a lesson to you so you don't repeat it again. Another thing is people keep doing a single coin holdings or making a single pot of asset if those asset falls down all of your investment goes down too ideal to separate and scattered those funds so you can still win in others if you didn't mange to get profit to those some investments.

Topic: Trade with caution (Read 640 times)