Trader don't speculate? - page 5. | Bitcointalksearch.org

CryptopreneurBrainboss

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Quote from: sana54210 on May 04, 2019, 06:12:09 AM

Quote from: CryptopreneurBrainboss on May 03, 2019, 12:51:38 AM

If a trader don't have any of these I don't think
that individual is worthy of been called a trader, he/she is just a gambler.

it is when they speculate using intuition rather than the Technical analysis tool that they become a gambler.

This might he your understanding but i still stand on my above statement, A speculative trader is a gambler not a trader. When you have all the figures right, that's you must have done your research through reading technical analysis and experience and what you do then is called prediction not speculation. Speculation involves the guessing the direction of the movement of the price (in this case) cryptocurrency without any backing and the success of this practice always involves luck which most times can't be replicated but when that price guess has a backing it's called prediction and in this case it can always be replicated even by other traders by following your analysis.

Caladonian

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Quote from: TheUltraElite on May 05, 2019, 03:17:28 AM

Quote from: rijaljun on May 03, 2019, 08:57:50 AM

Well, I agree that we don't need to speculate. FOMO is just for them who are not willing to learn something that related to their area. if we have enough knowledge to do anything, we can speculate it, even it won't be right but at least we have a reasonable basis.

Speculation does not always mean being fomo. It can just be predictions at to what price is going to be on a future date and then preparing accordongly from beforehand. The Reddit storm of speculation is definitely cancerous and something to avoid. Most of the accounts there are just shills promoting their shitcoins and blabbering like kids playing in the backyard.

But normal secularism does happen and the wall observe threads are proof of that.

Preparing your target and setting up your mindset to make sure that you already condition everything for proper accordance to what extent you think that value will be reached, there's always people who will shares point of views in order to gain attentions, they will try to promote and brings something out from what they've think market will go, real traders won't relied on it but to create its own directions.

You can take some information and research if there's potential before doing any risk of following the flow.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: rijaljun on May 03, 2019, 08:57:50 AM

Well, I agree that we don't need to speculate. FOMO is just for them who are not willing to learn something that related to their area. if we have enough knowledge to do anything, we can speculate it, even it won't be right but at least we have a reasonable basis.

Speculation does not always mean being fomo. It can just be predictions at to what price is going to be on a future date and then preparing accordongly from beforehand. The Reddit storm of speculation is definitely cancerous and something to avoid. Most of the accounts there are just shills promoting their shitcoins and blabbering like kids playing in the backyard.

But normal secularism does happen and the wall observe threads are proof of that.

sana54210

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Quote from: CryptopreneurBrainboss on May 03, 2019, 12:51:38 AM

Quote from: chengha937 on May 02, 2019, 05:44:23 AM

I think speculation plays an important role in trading because if a trader picks the right trade and speculates accurately then it’s very likely to have high returns.

The moment they engage in speculation trading instead of carryout research, relying on experience or reading and understanding the movement of the charts, they seize to be worthy of been called a trader. They become more of a gambler which rely on luck as a major factor for winning and most times they can't replicate their wins. Trading I always say is more than just buying and selling, it's a skills which involves learning, practice, experience, dedication etc. If a trader don't have any of these I don't think
that individual is worthy of been called a trader, he/she is just a gambler.

I totally agree with at least 90% of your point but I think you missed out when you made it look like any trader that engages in speculation is no trader. You have to break the type of trading down, even when a trader has fulfilled all the listed attributes in your point, they will still not go far without speculation, it is when they speculate using intuition rather than the Technical analysis tool that they become a gambler.

The TA tool we have been talking about, is it not more of a speculative tool? And any trader cannot trade successfully with making use of Technical and analysis tool, so not all traders that engage in speculation sometime are not traders, it just depends on how professional they are about it.

begau

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Quote from: twosum on February 14, 2019, 10:32:11 PM

No, don't speculate... that is what they always tell us but FOMO aside, what's the fun if there is no emotional speculation!

I feel we as traders could be considered as speculative consumers, and if that is partly the truth wouldn't it be cool if the digital asset that we are speculating on was something we had whole ownership of?

I am building a game inspired by trading crypto, in the form of digital racehorse ownership on the blockchain. Haven't you always wanted to own your own racehorse any way?

Come over an take a glimpse, any feedback is welcome. https://www.zed.run

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I think good traders make a lot of money in the crypto market. Because they can capture the market very well, they can both speculate when the market is volatile but sometimes they don't speculate and trade in days along with the analysis is very sensitive and effective. I don't have a lot of capital so I can't speculate because I can't trade.

19Nov16

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Quote from: rijaljun on May 03, 2019, 08:57:50 AM

Well, I agree that we don't need to speculate. FOMO is just for them who are not willing to learn something that related to their area. if we have enough knowledge to do anything, we can speculate it, even it won't be right but at least we have a reasonable basis.

Exactly, being a trader, of course we have to learn and be able to make analysis, we must be patient to be a pro, if we only rely on speculation, we cannot survive to make a profit with trading.

gilangIDR

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A Trader must be required to make various decisions smartly. A Trader does sometimes require speculation, but speculation cannot ensure profit. A trader needs accurate data, when he has obtained accurate data analysis, then a skilled trader will be able to make the right decision. Traders are not just an easy job, a trader must be willing to think and work hard to determine the best decision.

carter34

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Quote from: Findingnemo on February 15, 2019, 08:49:59 AM

I really don't trade a lot but when I trade I don't use much of analysis,I just see the actual current market state and decide based on it.

I'm also trading this pattern, not looking at speculation always but moving with market vibes. I think this is also what Op is trying to say in his topic.

Really most times looking at the speculated data, you can be confused.

goaldigger

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Quote from: twosum on February 14, 2019, 10:32:11 PM

No, don't speculate... that is what they always tell us but FOMO aside, what's the fun if there is no emotional speculation!

I feel we as traders could be considered as speculative consumers, and if that is partly the truth wouldn't it be cool if the digital asset that we are speculating on was something we had whole ownership of?

I am building a game inspired by trading crypto, in the form of digital racehorse ownership on the blockchain. Haven't you always wanted to own your own racehorse any way?

Come over an take a glimpse, any feedback is welcome. https://www.zed.run

Make sure you follow the hype by joining our Discord chat. https://discord.gg/sNgA5Zu

I guess the OP is just posting this topic because it will cover his main purpose which is promoting his site.

With regards with the topic, trading is a hundred percent speculation that it even considered as breathing. With this relies the decision making which makes trading profitable. You dont speculate, you will not choose wisely then you lose everything.

rijaljun

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Well, I agree that we don't need to speculate. FOMO is just for them who are not willing to learn something that related to their area. if we have enough knowledge to do anything, we can speculate it, even it won't be right but at least we have a reasonable basis.

ausbit

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Quote from: jrrsparkles on May 02, 2019, 01:43:53 AM

Quote from: rizkyhiw on May 01, 2019, 02:49:29 PM

Quote from: jrrsparkles on May 01, 2019, 12:13:36 PM

Quote from: maxreish on May 01, 2019, 10:38:44 AM

They said there are two types of people in crypto society.
One is a speculator and the other one is a true believer of crypto. But for me, speculation is either a false news or serves as our guide on which way should we take in or which prediction should we believe. But we should remember that we don't have to rely on the speculations only. We have to set our real purpose and trust our own analysis.

Traders have to react to the speculations because wich is the reaction of common investors emotion so a smart investor need to use ti to make profits.

Most of the traders just fall for the speculation without analysing it which makes them to be in loss rather than profits.

Perhaps the simplest way is to find a decline, namely by buying at a fairly cheap price or red market and selling green which is the most widely used trick to simplify analysis because everyone is not too smart in analyzing only partially, indeed speculating is not recommended for anyone at least trying to read market conditions to increase knowledge.

When someone is not good at the analysing the market then being a long term trader is better thing rathe than trying day trading where we are not good at it,but when we want to make more profits we have to try the things from our comfort zone for that we cn practice the simulators or very less capital to day trade and try to learn as much as you can then make yourself as a pro level trader.

Real trader wok with full analysis of the market and not based on speculation alone, speculation plays much more of a active role in long term trading to short term trading.

It will not be wise for us to be a day trader and live our life of trading based on speculation, because speculative news could be very misleading if we base our judgment on it alone, we have to strongly rely on the technical and fundamental analysis tool to be able to trade differently from others and be a successful day trader, but when it comes to long term trade, speculation could be a very great toll for value increase.

Capt00

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Quote from: Ipwich on May 03, 2019, 02:21:12 AM

<....>
Speculation? that's normal for traders.

This is true, traders always have prediction and that is binary traders which is rely on guessing the strategy. So, why they don't speculate since speculation is very useful to some traders aside from their analysis or tools that they used. Traders speculations were base on their decision and they have the right to speculate their own since trading is more based in prediction thing, so I think there's nothing wrong in speculating the market and follow your heart beat on you are going to predict.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: pey on May 01, 2019, 12:03:13 PM

Seems like a more interesting game than cryptokitties and in that genre, but buying a horce without even being able to play the game is not different than buying ico coins...

Some people do it for the game some so it for money and some just follow the trend just to sell it when the time comes. In the market do not trust anybody creating a new trend. Kitties is old now but we see new ones every now and then.

Speculation happens on these topics and they get driven above the price charts. Are they worth putting money into? That's your personal decision but I feel they are not worth the time taking into consideration that you have monitor them and spend time on them. Who does that when you can just buy Bitcoin and hold.

Ipwich

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Quote from: Btc_1856 on May 03, 2019, 01:16:48 AM

Even in trading, there are many people who belong to the holding but people who want to make short term money will always be more speculator about the market conditions. Every time their speculation won't be correct but they will move according to the market situation.

Short term traders has more experience in trading as they can do trades more often.
As the market remains volatile, it could give them more opportunity to trade, and if they make mistakes, they can always correct it and will aim to be consistent along the way. We may have some bad call in trading but if we learn, we can turn things around and we can be profitable.

Speculation? that's normal for traders.

Btc_1856

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Quote from: Noa_Amable on February 22, 2019, 09:03:08 AM

Quote from: yvesp110 on February 20, 2019, 02:13:23 PM

Quote from: karungbitcoin on February 15, 2019, 04:36:02 AM

Speculation is nearly the same like gambling, but trading is activity that the same like others business that we should be use risk management and trading plan. Beside that we should be have knowledge about technical analysis and how to predict trend of crypto market.

In speculation, we make use of the exchange rate fluctuation. The exchange rate goes up and you sell. This is called exchange rate arbitrage. But this is risky because the exchange rate could go down as well despite going up so speculation is rather adored by those who are the risk takers. A speculator could be trader but a trader could not always be speculator.

100% correct.
trader could be a hodler but a speculator is always a trader (or a gambler)

Even in trading, there are many people who belong to the holding but people who want to make short term money will always be more speculator about the market conditions. Every time their speculation won't be correct but they will move according to the market situation.

CryptopreneurBrainboss

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Quote from: chengha937 on May 02, 2019, 05:44:23 AM

I think speculation plays an important role in trading because if a trader picks the right trade and speculates accurately then it’s very likely to have high returns.

The moment they engage in speculation trading instead of carryout research, relying on experience or reading and understanding the movement of the charts, they seize to be worthy of been called a trader. They become more of a gambler which rely on luck as a major factor for winning and most times they can't replicate their wins. Trading I always say is more than just buying and selling, it's a skills which involves learning, practice, experience, dedication etc. If a trader don't have any of these I don't think
that individual is worthy of been called a trader, he/she is just a gambler.

TravelMug

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Of course, everyone is this market speculate or make wild educated guess. That's why media is dominated by those so called experts, calling this X price will be achievable in X month and then people starts to buy.

It has it's pros and cons. That's why smarts investors learn how to trade, ride the waves and easily books profits whether we are in bear or bullish trend.

BlackPanda

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Quote from: Yamifoud on May 02, 2019, 03:31:27 AM

Quote from: pey on May 01, 2019, 12:03:13 PM

Seems like a more interesting game than cryptokitties and in that genre, but buying a horce without even being able to play the game is not different than buying ico coins...

In that case, I'd better not be in crypto trading. It is just a suicidal action we've made and nowhere to go.
As a trader not just do speculations but also doing TA to know what the possible market trend in the coming days. But considering how volatile the market is, we aren't in a hundred percent accurate for our TA's.

Basically a trader must be able to take advantage of every momentum, a trader must be able to make decisions according to the existing market situation.
A Trader cannot remain silent because when they are silent they will be in a bad phase, a trader must dare to make a decision.

chengha937

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I think speculation plays an important role in trading because if a trader picks the right trade and speculates accurately then it’s very likely to have high returns. When we say high returns it also means that high risk, so strongly advise to those who are interested in trading, one needs to study first how trading works and do a lot of research to fully understand the system. Trading is not a joke that you can just easily trade without speculating correctly because it could mean a waste of time, effort and also resources. I’ve tried trading in the past and I just use instinct instead of speculating properly and it cost me a lot of fortune. Therefore, trading needs proper speculation to have high chances of high returns.

Cherylstar86

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Quote from: Yamifoud on May 02, 2019, 03:31:27 AM

Quote from: pey on May 01, 2019, 12:03:13 PM

Seems like a more interesting game than cryptokitties and in that genre, but buying a horce without even being able to play the game is not different than buying ico coins...

In that case, I'd better not be in crypto trading. It is just a suicidal action we've made and nowhere to go.
As a trader not just do speculations but also doing TA to know what the possible market trend in the coming days. But considering how volatile the market is, we aren't in a hundred percent accurate for our TA's.

Exactly, trader's speculation was based on how the market phase run in the current scenario. Somehow, we can speculate by our own experience and determination to engage people around to keep optimism for the possible outcome. But speculating an accurate vision is hard to determine due of high market volatilization and its fluctuation that can affect the recovery into declination.

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