Traders paradise - page 5. | Bitcointalksearch.org

Kasabus

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Quote from: wxa7115 on April 22, 2022, 04:49:03 PM

Quote from: Tellek Garing on April 22, 2022, 12:07:40 PM

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

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.

wxa7115

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Quote from: darklus123 on May 04, 2022, 07:37:57 AM

Quote from: AmoreJaz on April 24, 2022, 06:21:46 PM

some strategies work for someone, but for others, it won't. he may have secrets, but it is on your own accord how you will uncover those secrets. don't rely on someone to get those tricks. in time, you will understand why you can't disclose to others because there are other factors that you need to consider and it may really not be applicable to others. hard to tell it to others as they may blame you if it doesn't work on your case. better discover things on your own because once you acquired it, no one can steal it from you.

Exactly, based on my experienced. It is really important to know your category in entering this game whether you are planning to do it full-time or just as a side hustle. When you then realized your purpose you sure are gonna be losing amounts in the first few months or even a year of your trading experience as a beginner. In that stage, it is important that you experiment with different techniques that will fit your personality. Experimenting different ideas is far better than just listening to somebody's way of doing things that might not actually work for you and will just be the main reason that you will burn your asset.

To this I will add that it is very important to keep detailed records about what you are doing, our memories are not perfect and when you are testing different strategies it is easy to forget the details about why you made a particular trade.

So you need to keep records of the market conditions at the time, the strategy that you were using and your thoughts when you entered the trade, during the trade and when you closed your trade, that way in the future when you are making a fair assessment of the trades you made in the past you can understand clearly what you were doing at the time and correct your mistakes if necessary.

Markinzo

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It's true what they say that, the success of people is easily noticed more than the days of heat which produced such success.

I enjoy it so much when people randomly talk about others they know that are big success in cryptocurrency trading without a knowlege of how rough their beginning must have being with countless losses that might have been incurred by this smart person that is currently making his success now in the trade.

Just like every other daily business that demands time, careful study and patience so cryptocurrency could be liken in addition to risk involvement.

All those that came in with the mindset that it's all rosy have all given up just with a little loss!

Farma

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it's a good effort, but it's also risky. very true if trading can provide an amazing achievement. however, you should understand the risks in trading. if you do it well, then it can make you rich in no time. however, if you fail, then it can also make you poor in a short time.
As far as what you say, you have never entered directly into the world of trading. So, when you log in, you need to do a lot of research before choosing what coin to use. asking for advice from your friends will be better. other than that, use the money you are willing to lose. because if you use your main money in this experiment, it might increase the risk you put yourself at.

darklus123

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Quote from: AmoreJaz on April 24, 2022, 06:21:46 PM

some strategies work for someone, but for others, it won't. he may have secrets, but it is on your own accord how you will uncover those secrets. don't rely on someone to get those tricks. in time, you will understand why you can't disclose to others because there are other factors that you need to consider and it may really not be applicable to others. hard to tell it to others as they may blame you if it doesn't work on your case. better discover things on your own because once you acquired it, no one can steal it from you.

Exactly, based on my experienced. It is really important to know your category in entering this game whether you are planning to do it full-time or just as a side hustle. When you then realized your purpose you sure are gonna be losing amounts in the first few months or even a year of your trading experience as a beginner. In that stage, it is important that you experiment with different techniques that will fit your personality. Experimenting different ideas is far better than just listening to somebody's way of doing things that might not actually work for you and will just be the main reason that you will burn your asset.

Tellek Garing

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Quote from: retreat on May 01, 2022, 09:47:08 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, site developers can also be successful now it's just how we find out our own identity and passion.

It is only a greedy person who will only focused his attention to only the positive side of any venture and trading that requires high level of skills is associated with high risk and possible loses that may occur in along the line of lining the basic on trading.

Xampeuu

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Quote from: Tellek Garing on May 02, 2022, 05:27:45 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.

we often encounter traders who choose high leverage and they use large lots in trading, this of course will make trading unhealthy and eventually the capital can run out in an instant. indeed mistakes are a good experience for the learning process, but at least if we can take lessons from the experiences of others then we don't have to make the mistakes they made, and finally this method is expected for us to process faster

darewaller

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Quote from: Tellek Garing on April 22, 2022, 12:07:40 PM

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

You only saw his success, how? He showed you his trade history and you only saw successful trades or you just assumed that he’s always being successful in his trades because he told you that?

Before you got into trading did you care to learn about trading or you just work one day and felt maybe you should become a trader and start trading cryptocurrencies? You know this market is not as easy as some people will make it seem to you, there are difficulties when it comes to trading crypto, so you need to learn and practice and with time you will get perfect. Even the best traders do experience loss, so it’s normal, but learn and get better.

Finestream

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Quote from: Tellek Garing on April 22, 2022, 12:07:40 PM

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

I guess your friend had succeeded from persuading you and now you're starting to experience the reality in crypto trading. Well, i think your friend has his own way of convincing you by only sticking to his success and massive profits only, that's also his strategy. Otherwise, you will be scared to start trading in the first place because you will discover from him that trading is more on losses than gains. But with his own way of persuading you, i can see now that you are more motivated to win against those losses.

Tellek Garing

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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.

pawanjain

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Quote from: Tellek Garing on April 22, 2022, 12:57:14 PM

Thank you all for you clear and insight on this subject matter I now know for the fact that investing is less risky compared to trading as the cryptocurrency market is always volatile but the fact that I lose in some cases does not make me a total failure in trading and haven't lose in some trades and also gain in some other make me realize that skills is the most essential and an integral aspect of cryptocurrency trading.

Of course you need the trading skills and without that you will probably lose all your money.
The fact that you are making money or not doesn't matter when you have just started to trade.
You need at least 1-2 years of trading knowledge to get started with trading with serious money.
The knowledge of trading in different trends is definitely required to get a good handson on trading before we go all in.

barbara44

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Quote from: justdimin on April 30, 2022, 07:03:28 AM

The biggest part about growing in trading is the losses, they are probably the biggest earners that you do not realize. The difference between a profit and a loss is that if you profit then you take the profit and look at the next move, but when you lose then you learn something and then you become a better trader and you start to learn something.

This is why I believe that we should be focusing a bit more on losses than profits since profits only give you money once but never improves you and doesn't share your future whereas the losses gives you an idea on what you did wrong and how you could do better which is a wonderful thing in the long term.

Learning from the losses is not easy if you are a newbie. You could take a look at a loss and do not understand why you lost money there, not like it’s going to be impossible for you but it is not going to be easy to understand why you did wrong.

If you studied it though, then things change and you start to understand what you did wrong and you will learn from it and not do that again, you will know your mistakes and wrongs. This is why it’s such an important task to study before you start trading so that you would know what you are looking at. Otherwise, you will look at it and it will feel like a foreign language to you and would not understand anything.

retreat

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Quote from: ?? on ??

<.>

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, site developers can also be successful now it's just how we find out our own identity and passion.

andriarto

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Quote from: Silberman on April 30, 2022, 05:03:35 PM

Quote from: justdimin on April 30, 2022, 07:03:28 AM

Quote from: Cling18 on April 29, 2022, 12:49:08 PM

Losses will always be a part of the journey because there's no such thing as perfect trading. There will always be risks because of the market's volatility but if you're skilled and knowledgeable enough to deal with it, you'll surely succeed in the end. Trading is actually a long process of learning so eagerness and determination, as well as patience, would be the good traits that we should always have.

The biggest part about growing in trading is the losses, they are probably the biggest earners that you do not realize. The difference between a profit and a loss is that if you profit then you take the profit and look at the next move, but when you lose then you learn something and then you become a better trader and you start to learn something.

This is why I believe that we should be focusing a bit more on losses than profits since profits only give you money once but never improves you and doesn't share your future whereas the losses gives you an idea on what you did wrong and how you could do better which is a wonderful thing in the long term.

That can be true but only if you take the time to analyze why you lost your trade, also it is important to remember that not every single loss when you trade comes from a mistake you made, no system wins all the time so losing from time to time is completely acceptable as long as the loss came from following a strategy that you know that it is profitable, it is from the mistake that you make in which you did not follow your strategy in which a lesson can be learned from it.

loss is a friend of profit, structured loss is a message, not a mistake, because we will always learn from the market according to the strategy we have. no strategy is perfect so sometimes we experience losses, so how do we manage it so that the losses are in accordance with the calculated risks, so that more profits will be achieved, until in the end we will still survive in the market because we can manage losses or risks

Quidat

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Quote from: Silberman on April 30, 2022, 05:03:35 PM

Quote from: justdimin on April 30, 2022, 07:03:28 AM

Quote from: Cling18 on April 29, 2022, 12:49:08 PM

Losses will always be a part of the journey because there's no such thing as perfect trading. There will always be risks because of the market's volatility but if you're skilled and knowledgeable enough to deal with it, you'll surely succeed in the end. Trading is actually a long process of learning so eagerness and determination, as well as patience, would be the good traits that we should always have.

The biggest part about growing in trading is the losses, they are probably the biggest earners that you do not realize. The difference between a profit and a loss is that if you profit then you take the profit and look at the next move, but when you lose then you learn something and then you become a better trader and you start to learn something.

This is why I believe that we should be focusing a bit more on losses than profits since profits only give you money once but never improves you and doesn't share your future whereas the losses gives you an idea on what you did wrong and how you could do better which is a wonderful thing in the long term.

That can be true but only if you take the time to analyze why you lost your trade, also it is important to remember that not every single loss when you trade comes from a mistake you made, no system wins all the time so losing from time to time is completely acceptable as long as the loss came from following a strategy that you know that it is profitable, it is from the mistake that you make in which you did not follow your strategy in which a lesson can be learned from it.

We could really learn from our mistakes and this is would depending on someone who would really be that sensible on learning up things basing on what he do experience.
Not all would really be that able to do so.We do have our own actions and decisions towards things thats why its really hard to copy or trying out yourself
to be the same on others actions or outcomes specially on trading profitability.You wouldnt know on what would comes next.

Silberman

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Quote from: justdimin on April 30, 2022, 07:03:28 AM

Quote from: Cling18 on April 29, 2022, 12:49:08 PM

Losses will always be a part of the journey because there's no such thing as perfect trading. There will always be risks because of the market's volatility but if you're skilled and knowledgeable enough to deal with it, you'll surely succeed in the end. Trading is actually a long process of learning so eagerness and determination, as well as patience, would be the good traits that we should always have.

The biggest part about growing in trading is the losses, they are probably the biggest earners that you do not realize. The difference between a profit and a loss is that if you profit then you take the profit and look at the next move, but when you lose then you learn something and then you become a better trader and you start to learn something.

This is why I believe that we should be focusing a bit more on losses than profits since profits only give you money once but never improves you and doesn't share your future whereas the losses gives you an idea on what you did wrong and how you could do better which is a wonderful thing in the long term.

That can be true but only if you take the time to analyze why you lost your trade, also it is important to remember that not every single loss when you trade comes from a mistake you made, no system wins all the time so losing from time to time is completely acceptable as long as the loss came from following a strategy that you know that it is profitable, it is from the mistake that you make in which you did not follow your strategy in which a lesson can be learned from it.

kamilah147

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Quote from: Tellek Garing on April 22, 2022, 12:07:40 PM

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

Trading is a risky job, 2 years ago until now it was the peak of the advancement of crypto technology. Many Altcoins reach ATH, and. Even after bitcoin hit its latest ATH, it was heard from various discussions that it would hit another $60,000 ATH. Some of the rough experiences you had you should learn more broadly, how to determine short-term and long-term trades so that you avoid the risk of losses due to market corrections. Expertise in trading is the most important thing to have, professional traders will always be consistent with the trade management they have set. You don't need to refer your friends to be successful for a period of 2 years, you can shorten the time to get better trading skills.

justdimin

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Quote from: Cling18 on April 29, 2022, 12:49:08 PM

Losses will always be a part of the journey because there's no such thing as perfect trading. There will always be risks because of the market's volatility but if you're skilled and knowledgeable enough to deal with it, you'll surely succeed in the end. Trading is actually a long process of learning so eagerness and determination, as well as patience, would be the good traits that we should always have.

The biggest part about growing in trading is the losses, they are probably the biggest earners that you do not realize. The difference between a profit and a loss is that if you profit then you take the profit and look at the next move, but when you lose then you learn something and then you become a better trader and you start to learn something.

This is why I believe that we should be focusing a bit more on losses than profits since profits only give you money once but never improves you and doesn't share your future whereas the losses gives you an idea on what you did wrong and how you could do better which is a wonderful thing in the long term.

DoublerHunter

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Quote from: Viscore on April 29, 2022, 07:47:15 PM

Quote from: Bitcoin_Arena on April 22, 2022, 07:50:02 PM

Trading sounds like a nice venture of theory, but to some of us who have experienced it. It's one rough, hell of a journey. Yes, I have made way more money than I would have if I was doing my profession through trading, but I have also lost a huge amount of money (of course it was the profits I made) in the due process.

You have to be very mentally stable and ready for any outcome. The biggest contributor to trading success is experience and learning from past mistakes.

Success in trading do not just happen easily, its always the fruit of hardwork and patience, and definitely huge losses from the start. I guess your friend has his own reason why he was not able to share to you his side of failure, but what is certain is that if you only trade persistently, and is willing to learn all the lessons brought by your losses, then you will come to succeed in trading at the end of the day. Trading need not to be profitable at first, but it should never come into failure in the end.

^ You are definitely right, in short, there is no paradise in trading.
You need to have first hard work, hard research, and a lot of patience so that you will achieve your goal in trading and also don't expect too much profit, in trading sometimes you need to gain experience so that you will learn from those mistakes. I don't understand why people keep saying trading is very easy to gain profit which is the truth it is not. In fact, there is no shortcut to being a successful trader.

sayaya17

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Quote from: Viscore on April 29, 2022, 07:47:15 PM

Quote from: Bitcoin_Arena on April 22, 2022, 07:50:02 PM

Trading sounds like a nice venture of theory, but to some of us who have experienced it. It's one rough, hell of a journey. Yes, I have made way more money than I would have if I was doing my profession through trading, but I have also lost a huge amount of money (of course it was the profits I made) in the due process.

You have to be very mentally stable and ready for any outcome. The biggest contributor to trading success is experience and learning from past mistakes.

Success in trading do not just happen easily, its always the fruit of hardwork and patience, and definitely huge losses from the start. I guess your friend has his own reason why he was not able to share to you his side of failure, but what is certain is that if you only trade persistently, and is willing to learn all the lessons brought by your losses, then you will come to succeed in trading at the end of the day. Trading need not to be profitable at first, but it should never come into failure in the end.

We can all become successful traders if we do it right, there are steps we must take to be successful when trading. No one can be successful
instantly, everything needs patience and hard work as you say, because after all hard work and patience will not betray the results. So don't be lazy
to keep working hard and don't let us give up when going through the process to become a successful trader. Therefore, the number of successful
traders is not much, because indeed undergoing the process of becoming a successful trader is not easy, we have to devote everything.

In fact, sometimes we need to experience several losses first to understand how to make the right profit when trading. So it is wrong if someone
says that trading is an easy thing to do, because trading is not just buying at a low price and selling it at a high price. Trading is more complicated
than we think, so if we want to be a successful trader it is not easy to achieve it, it takes hard work and patience.

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