Traders paradise - page 4. | Bitcointalksearch.org

Tellek Garing

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Quote from: retreat on May 01, 2022, 08:47:08 AM

Quote from: ?? on ??

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Trading is not for everyone and not for everyone. In the future, it may turn out that you do not have the mindset that a successful trader needs and you will find yourself in other, less risky activities, such as investing or mining.

It's a stupid notion that people force themselves to be traders when they are not really meant to be. there are many success stories in this world and a successful trader is only a few percent, a miner can also be successful, writers can also be successful, and site developers can also be successful now it's just how we find out our own identity and passion.

You both have written well but come to think of it within the context of this topic which is focused on trading and how traders react to events, what skills they acquire to aid their success and how their ability to manage the risk assessment and losses.

No thought all this are found in other sector of life and investment to be successful in any field one needs skills and knowledge that comes with experience.

lixer

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Quote from: nur rochid on May 17, 2022, 12:45:46 AM

most beginners only see the sweet side in achieving trading results. if we do not want to know the side of their struggle to the throne at this time, then we will fall into disappointment at the end. digging knowledge about the experience of seniors is very important, especially the mistakes they have made, so that we can avoid those mistakes. and most importantly, experience is needed in trading, and that can be obtained from the stories of seniors, so that our trading practices run more smoothly

The problem with most of these newbies is that they just see that their friends or someone they know is trading and making profit from it, and they would just get home and start thinking of becoming a trader, when they don’t even have any experience at all. Some of them will start trading and they will start losing their money, they wouldn’t know that the reason for this is because they don’t have skills for it at all.

For someone to become a trader, they need to have skills in analyzing the market, and being able to predict the direction that it would move. You need someone to teach you or you can do serious research online to learn all about it.

Findingnemo

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Quote from: ?? on ??

Quote from: Findingnemo on May 18, 2022, 06:39:16 AM

Most people don't tell the negative side they faced in the path so you can't just begin with getting inspired from the profits shown to you, before starting understand the risk behind the trading of cryptocurrencies and the same thing goes for everything in the world because starting without basic knowledge will make the future worse unless you aren't lucky enough.

To admit that you are losing money is considered shameful for many people, and many always strive to present themselves better than they really are, simple psychology. Therefore, when I read people on the Internet, almost every first one is a successful trader, and when I communicate with people whom I know personally, almost every first one is the one who lost money in crypto. If almost everyone on the Internet makes money on trading, then where does the statistics say that 95% of people lose money in trading? Cheesy

Exactly, the best example can be the social media where people tries to express themselves to be living the rich life but in the reality they pretends to be rich even though their life isn't same as shown by them. No one will tell the money making secret only we have to find it on our own also everyone is busy with their life problems so don't worry about what others are doing all we need to do is try to be better by ourselves from the yesterday and improve it tomorrow from today.

Findingnemo

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Bitcoin = Financial freedom

Most people don't tell the negative side they faced in the path so you can't just begin with getting inspired from the profits shown to you, before starting understand the risk behind the trading of cryptocurrencies and the same thing goes for everything in the world because starting without basic knowledge will make the future worse unless you aren't lucky enough.

Rengga Jati

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Quote from: Tellek Garing on April 22, 2022, 11:07:40 AM

Before I started cryptocurrency trading I have always hard this friend who is a pro cryptocurrency trader and have always shown me his profits but never told me how long he has been into cryptocurrency trading,

When I knew crypto at first, my friends told me about his earning from crypto, that's awesome, really awesome, the result is very high, he can buy properties, cars, and the lives are exactly changing, having so much money.
I thought that it's wow, crypto can really make them rich, rich so much. How easy they could get the money.
But, after listening to tehir struggle, it's really not easy. They were struggling since 2013, likely from zero, less sleep, no money until they sometimes couldn't eat well because having no money, they only could lay trust in the crypto world.
And finally, they could gain worthy thing since 2016 moreover in 2017, they really got the rewards of what they have been doing for a long time.
It means that what we see right now may be easy, but behind this, there are big things and difficult conditions that we don't know.
It means that never only look at the recent success but also look at how they struggle.
SOmetimes, we, new trader or newcomers in crypto only imagine the paradise of crypto world, but we never cosndier or think about the hell of crypto.

nur rochid

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Quote from: Tellek Garing on May 16, 2022, 12:29:46 PM

Quote from: martyns on May 16, 2022, 01:27:59 AM

Quote from: Kelvinid on May 15, 2022, 06:02:34 PM

Maybe that but I don't make my friend being not aware of any circumstances that they will face in trading. As a friend, I'd rather share what I've known about trading and must have put in their mind that there is no easy game in this field, losses could be possible. They will certainly much appreciate it if you tell them the sad stories of our life before we succeed rather than just telling them sweet stories. It is a need for them to be clear about the consequences and high-risk they will face so that at the end of the day, they won't blem us.

As they say, experience is the best teacher, Without experience, you won't enjoy trading. Everyone get a story to tell in the space, trading have dealt with some trader negatively, some even get their accounts liquidated countess times, and they are in profits now and knows how the market works. One should always talked the truth about their successful journey in the space, both the losing aspects. This space is all about taking risks for gigantic profits.

Yes you are right there is always a story to be told at the end of it all when success is archived the lessons becomes the foundation for stability even in the entire cryptocurrency industry to make it you need to build experience.

Most newbies don't understand this logic and are after the profit at first when there should concentrate on developing their skills.

most beginners only see the sweet side in achieving trading results. if we do not want to know the side of their struggle to the throne at this time, then we will fall into disappointment at the end. digging knowledge about the experience of seniors is very important, especially the mistakes they have made, so that we can avoid those mistakes. and most importantly, experience is needed in trading, and that can be obtained from the stories of seniors, so that our trading practices run more smoothly

jossiel

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Quote from: Tellek Garing on May 16, 2022, 12:29:46 PM

Yes you are right there is always a story to be told at the end of it all when success is archived the lessons becomes the foundation for stability even in the entire cryptocurrency industry to make it you need to build experience.

Most newbies don't understand this logic and are after the profit at first when there should concentrate on developing their skills.

It's because of what they see from the others.

They think that it's very easy and quick to make profit as a trader but, the reality is that it's harder as they execute. While they gain experience as they trade, it's one way or the other.

If they're going to continue because they've gained experience that will help them become a better trader or will stop utterly because they know the hardship of it.

Tellek Garing

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Quote from: martyns on May 16, 2022, 01:27:59 AM

Quote from: Kelvinid on May 15, 2022, 06:02:34 PM

Maybe that but I don't make my friend being not aware of any circumstances that they will face in trading. As a friend, I'd rather share what I've known about trading and must have put in their mind that there is no easy game in this field, losses could be possible. They will certainly much appreciate it if you tell them the sad stories of our life before we succeed rather than just telling them sweet stories. It is a need for them to be clear about the consequences and high-risk they will face so that at the end of the day, they won't blem us.

As they say, experience is the best teacher, Without experience, you won't enjoy trading. Everyone get a story to tell in the space, trading have dealt with some trader negatively, some even get their accounts liquidated countess times, and they are in profits now and knows how the market works. One should always talked the truth about their successful journey in the space, both the losing aspects. This space is all about taking risks for gigantic profits.

Yes you are right there is always a story to be told at the end of it all when success is archived the lessons becomes the foundation for stability even in the entire cryptocurrency industry to make it you need to build experience.

Most newbies don't understand this logic and are after the profit at first when there should concentrate on developing their skills.

martyns

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Quote from: Kelvinid on May 15, 2022, 06:02:34 PM

Maybe that but I don't make my friend being not aware of any circumstances that they will face in trading. As a friend, I'd rather share what I've known about trading and must have put in their mind that there is no easy game in this field, losses could be possible. They will certainly much appreciate it if you tell them the sad stories of our life before we succeed rather than just telling them sweet stories. It is a need for them to be clear about the consequences and high-risk they will face so that at the end of the day, they won't blem us.

As they say, experience is the best teacher, Without experience, you won't enjoy trading. Everyone get a story to tell in the space, trading have dealt with some trader negatively, some even get their accounts liquidated countess times, and they are in profits now and knows how the market works. One should always talked the truth about their successful journey in the space, both the losing aspects. This space is all about taking risks for gigantic profits.

Kelvinid

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Quote from: stomachgrowls on April 28, 2022, 04:40:48 PM

Quote from: Kelvinid on April 27, 2022, 06:39:54 PM

~

Neither it was intentional or not because there are friends who do really love to make their friends do able to realize things and able to cherish victory or success come from into their hard work
which you could really say that you could eventually able to tell and appreciate on what your friend had done on the time that you are able to have a good grasp on trading.
Some people are showy when it comes into their intent and some doesnt really love to show that they are really keeping an eye on you in speaking with progress and success.

Maybe that but I don't make my friend being not aware of any circumstances that they will face in trading. As a friend, I'd rather share what I've known about trading and must have put in their mind that there is no easy game in this field, losses could be possible. They will certainly much appreciate it if you tell them the sad stories of our life before we succeed rather than just telling them sweet stories. It is a need for them to be clear about the consequences and high-risk they will face so that at the end of the day, they won't blem us.

LUCKMCFLY

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Quote from: LastKiss on May 07, 2022, 03:50:03 AM

Quote from: Tellek Garing on April 22, 2022, 11:07:40 AM

Before I started cryptocurrency trading I have always hard this friend who is a pro cryptocurrency trader and have always shown me his profits but never told me how long he has been into cryptocurrency trading, but I have known him for crypto trading for close to two years now and in this period I only saw his success stories.

Now I decided to start trading after many persuasion and am beginning to have a rough experience but all the while I have only viewed cryptocurrency trading as an all good venture

Well, the people who always show their results only want to share their referral link and hope that you will join under him so he will get more profit than before, I saw many ads like that too and not only ads on social media but some of my friends showing their success to me but there's always their referral link along with it. You should keep patience until you have a good experience and make some profit from trading so don't have a mindset that you will be rich in a night.

It is true, I think that a person who shares their results should show their losses too, and also to believe them they should say that they are going to make a move, that they put it, do it and wait to see if their prediction will come true, I think that is very difficult because no operator likes to lose and that an entire community realizes that he failed and that his prediction was not correct, if he shows his history and I see that there are more victories than failures, then I would see it more sincerely and even begin to follow him and take advice, but as long as they don't show history, no.

LastKiss

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Quote from: Tellek Garing on April 22, 2022, 11:07:40 AM

Before I started cryptocurrency trading I have always hard this friend who is a pro cryptocurrency trader and have always shown me his profits but never told me how long he has been into cryptocurrency trading, but I have known him for crypto trading for close to two years now and in this period I only saw his success stories.

Now I decided to start trading after many persuasion and am beginning to have a rough experience but all the while I have only viewed cryptocurrency trading as an all good venture

Well, the people who always show their results only want to share their referral link and hope that you will join under him so he will get more profit than before, I saw many ads like that too and not only ads on social media but some of my friends showing their success to me but there's always their referral link along with it. You should keep patience until you have a good experience and make some profit from trading so don't have a mindset that you will be rich in a night.

darewaller

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Quote from: Sebas.tian on May 05, 2022, 02:20:31 AM

trading is not easy because there are two things you must come across in crypto trading which are profit and loss. I think it will be difficult for traders not to experience losses from crypto trading because experienced losses help you to learn more from the market, so that you will have story to shares to newbies who are just entry the system. The more you go into research about crypto trading the more you know how to remain in profit making in the community. your research will definitely make you to understand when to trade to make a huge amount of money and when not to trade not to experience losses from the market.

Losses are a thing that you can't avoid, but it needs to get lower and lower if you are learning and that is how you calculate yourself. When you first start there will be plenty of things that will make you lose money but after a while you will end up learning more about it and you will lose less. If you are still not losing less and if you are still losing like your early days then it means you haven't learned much.

This usually is a problem for people who started on a bull run period and made a lot of money on even the first day, and then during the bear period they end up losing a lot of money and this prolongs their learning curve.

doomloop

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Quote from: Tellek Garing on May 02, 2022, 04:27:45 PM

High leverage is the killer of most traders profits and capital as if the trade goes in the opposite direction you liquidation happens faster but with low leverage you will have a longer liquidation and possible gains as the time run out.

Loses indeed is part of the learning stage and I know why pro traders only share the profit story is because their have paid the sacrifice long ago and don't usually have loses at the current time so they may not have that experience anymore.

They (the pro traders) do experience the losses too. The difference with someone who is a pro trader is the fact that they have become well experienced in the market and they know the right time to trade and when to stay out.

But, most of the newbies don’t know that; they do not know that there are times you should avoid trading in the market, and they don’t know how to follow the news or the sources to look for it, and they have no idea about technical analysis. All these things are crucial for the success of a day trader.

wiss19

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Persuaded? Who persuaded you to join cryptocurrency trading? If it was your friend then I would advise you that you should speak to your friend and tell him or her to teach you how they are making success from trading.

They shouldn’t just tell you to start trading cryptocurrency and leave you halfway on the road, they should be the one to guide you and let you know the things that you are meant to be doing and how you are going to be able to achieve success from trading.

So, I’m saying that you should go back to that your friend that advised or introduced you to this, and tell them to teach you.You are lucky to have a friend that is being successful in trading cryptocurrency, most of other people don’t have such an opportunity, and they have to spend time doing research and trying to learn it.

But for you, you have someone who already has got the idea of how to do it, so it would be better and easier for you if they are to teach you.

Sebas.tian

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Quote

I don't think trading is easy. There is a lot of time and a lot to learn here. If you think it's too easy then you're wrong.Because trading platforms have my own experience. Where I am always losing despite my experience.I would say those who think this trading is easy are wrong. However, there are many people who can do good analysis and are able to profit from trading.However, its percentage but maximum 1 percent.

I agree with you, trading is not easy because there are two things you must come across in crypto trading which are profit and loss. I think it will be difficult for traders not to experience losses from crypto trading because experienced losses help you to learn more from the market, so that you will have story to shares to newbies who are just entry the system. The more you go into research about crypto trading the more you know how to remain in profit making in the community. your research will definitely make you to understand when to trade to make a huge amount of money and when not to trade not to experience losses from the market.

DanWalker

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Quote from: Tellek Garing on April 28, 2022, 04:48:23 PM

Well I recent contact with my friend he has suggested that he will mentor me until I become a professional in trading and he also suggested I still trade with a demo account until I master it to avoid loses in the initial stages.

I thank you all for your responses on this matter and am well aware of the risk a beginner will face in the early stage but as time goes on a lot will change and profits making will become a steady flow.

Great! as a new trader you will avoid the pitfalls of the market with a professional advisor by your side. But I have a suggestion, instead of using a demo account to trade I think you should create a real account and deposit a small amount of money into it to trade. Trading with a demo account is good because it will help you avoid initial confusion but because it is a demo account, our trading psychology will be very different from when trading with a real account, psychologically neglectful because it is not his real money. So abusing the demo account will not be good for later, trade with a real account with a small enough amount to trade then you will focus on the market and form a psychological habit to cope with market fluctuations.

topman21

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I don't think trading is easy. There is a lot of time and a lot to learn here. If you think it's too easy then you're wrong.Because trading platforms have my own experience. Where I am always losing despite my experience.I would say those who think this trading is easy are wrong. However, there are many people who can do good analysis and are able to profit from trading.However, its percentage but maximum 1 percent.

Tellek Garing

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Having a mentor have really helped in in trading as it has limit my losing possibility since am trading under the guide of a pro trader unless in some cases where our trading predictions fails that is the only way I witness loses this days.

But on a more serious note trading generally has to do with high risk most especially crypto currency trading since the general market have to do with volatility.

Quote from: abel1337 on May 04, 2022, 05:05:46 PM

Quote from: Kasabus on May 04, 2022, 04:21:18 PM

Quote from: wxa7115 on April 22, 2022, 03:49:03 PM

Quote from: Tellek Garing on April 22, 2022, 11:07:40 AM

-snip

Do not worry this is natural, it is very rare that for someone that is new to this market success will come immediately to him, this is something that takes time but fortunately for you there is something you have that most traders in the market do not have, and that is a mentor you can ask questions.

If your friend is someone that can actually make money from the markets then you can ask him questions about what books to read so you can also have the same success as him, it is not going to be an easy journey but without a doubt your path can be way easier than the one the majority have to go through if you know how to take advantage of the knowledge your friend can impart to you.

Good thing about you is that you can have a mentor that can guide you throughout the way, unlike most of the traders here who struggled to learn on their own. That way, his success will also influence you and you can definitely learned a lot from him. However, don't be surprised if some of the days turn out to be rough and hard, that is the nature of trading. What matters is that despite of the losses you have, you are still able to make profits which i think every trader's goal.

Having a mentor is a really good thing because your start wouldn't be as hard as a solo learn trader. Someone will guide you in the path of successful trading. I'm sure that the mentor will organize the learning path on what comes first vs the solo learner that learn things randomly. I myself is a solo learner before and I have a rough start by losing some penny on every trades I did before. Emotions is a hard thing to teach that's why you need to control yourself as a trader.

abel1337

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Quote from: Kasabus on May 04, 2022, 04:21:18 PM

Quote from: wxa7115 on April 22, 2022, 03:49:03 PM

Quote from: Tellek Garing on April 22, 2022, 11:07:40 AM

-snip

Do not worry this is natural, it is very rare that for someone that is new to this market success will come immediately to him, this is something that takes time but fortunately for you there is something you have that most traders in the market do not have, and that is a mentor you can ask questions.

If your friend is someone that can actually make money from the markets then you can ask him questions about what books to read so you can also have the same success as him, it is not going to be an easy journey but without a doubt your path can be way easier than the one the majority have to go through if you know how to take advantage of the knowledge your friend can impart to you.

Good thing about you is that you can have a mentor that can guide you throughout the way, unlike most of the traders here who struggled to learn on their own. That way, his success will also influence you and you can definitely learned a lot from him. However, don't be surprised if some of the days turn out to be rough and hard, that is the nature of trading. What matters is that despite of the losses you have, you are still able to make profits which i think every trader's goal.

Having a mentor is a really good thing because your start wouldn't be as hard as a solo learn trader. Someone will guide you in the path of successful trading. I'm sure that the mentor will organize the learning path on what comes first vs the solo learner that learn things randomly. I myself is a solo learner before and I have a rough start by losing some penny on every trades I did before. Emotions is a hard thing to teach that's why you need to control yourself as a trader.

Topic: Traders paradise - page 4. (Read 1656 times)