Traders paradise - page 6. | Bitcointalksearch.org

Viscore

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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.

Hypnosis00

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Quote from: Tellek Garing on April 29, 2022, 02:15:50 PM

One of the lessons I have learn over time is that any profitable adventure require some level of sacrifices and this can come in form of lessons that may cause you something either your time or money.

In trading early loses are part of the sacrifice and in other to become a pro trader one might have made such loses and mistakes which will serve as process of knowledge gaining.

Absolutely, it is a way to look that trading is not always a success, failure is also possible. And the only way we could do to avoid big losses is to have deep knowledge of trading and acquire strategies that really work. Plus, we have to work on our patience and practice being not too emotional.

The more we understand how trading works, the more chance we succeed. Yes, of course, it takes time to develop such a mentality but if we are really wanting to reach our goal, I'm sure we have to work hard on this.

Tellek Garing

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

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 lost in some trades and also gain in some other make me realize that skills are the most essential and an integral aspect of cryptocurrency trading.

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.

One of the lessons I have learn over time is that any profitable adventure require some level of sacrifices and this can come in form of lessons that may cause you something either your time or money.

In trading early loses are part of the sacrifice and in other to become a pro trader one might have made such loses and mistakes which will serve as process of knowledge gaining.

Cling18

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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 lost in some trades and also gain in some other make me realize that skills are the most essential and an integral aspect of cryptocurrency trading.

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.

sana54210

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Quote from: tvplus006 on April 27, 2022, 10:41:16 AM

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

...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

In such cases, they say: a negative result is also a result and you should regard it as an acquired experience. It is impossible to trade successfully without experience, even if you have theoretical knowledge. But if you have not yet received enough theoretical knowledge, you need to wait with trading on a real account, using a demo account for this.

Unfortunately, most newbies do not realize this and get angry at losing money. The trick to find "losing money could also be a good thing" is not easy, most people will argue against that and most people will agree with them as well.

Obviously losing money is not a great feeling, and yes you will feel terrible about it but just moving on and being upset and angry about it will not give you any benefits at all. You already lost the money; you might as well learn why and how that happened so that you could end up with something better in the long run. This way, you wouldn't be losing your money for absolutely no reason, there would be at least some benefits to you.

tygeade

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Quote from: Benefactor on April 28, 2022, 01:17:19 AM

Exchanging on the grounds that somebody told you or for income sans work you ought to expect some negative as well exchanging can make you bankrupt as well. Later on it might turn out that you don't have the outlook that a fruitful dealer needs and you will end up in other safer exercises like money management or mining.

I guess he didn’t learn anything about cryptocurrency trading before he started. He just got interested based on the fact that a friend of his has introduced him to the work and also has shown him how much of success they have been able to make from trading cryptocurrency. So, he has just thought that it was going to be that easy for him to also make that kind of money from trading.

But, that isn’t how it works. Crypto currency trading is something that requires a lot of work and is not just what you would get into when you have no idea of what you are meant to be doing. This is not gambling.

rahmad2nd

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Quote from: Tellek Garing on April 28, 2022, 05:48:23 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.

Nice when getting good friend guide us how to be professional trader and give way how to earn profit trough trading in cryptocurrency. I have long on cryptocurrency world but still amateur and not really professional how to face with trading, many time stuck and loss opportunity when buying coins price drop and have choose stop loss or long term holding. Good luck to you and hope I can allow your way to be professional trader one day later.

DoublerHunter

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Quote from: Vaculin on April 28, 2022, 07:39:26 PM

Quote from: GreatArkansas on April 22, 2022, 12:29:45 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,
(.......)

It's very normal. Especially influencers who are just collecting some referrals to some people.
You should be aware if you want to start trading, you should identify your goal, you should not say you are only trading because someone told you or for easy money, you should expect some negative too, trading can make you bankrupt too.

Maybe its his own way of influencing you, by focusing more on success, the reason why you end up being influenced. But if you decide to enter into a new endeavor, make sure to anticipate all its positive and negative aspects. There could never be success without failure at first, and there could never be wins without losses. Now, you already know what trading is all about, that its never an easy job, but if you always look the positivity on it, i think success will come to you in the end.

^ This is the most important thing that you should always put your mind to, balancing the possible consequences like the positive and negative aspects that could occur anytime while you are adopting crypto trading. Dont look up the profit your friend has, I think the most important if you have been suited to that trading and if your skills are good in trading. Because as we know trading is not for everyone, trading is for people who have patient and learn how to sharpen their instinct to become a good traders.

carlfebz2

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Quote from: Bhig Daddy on April 28, 2022, 06:29:24 PM

A lot of people engage in crypto not because they Want to or because they know about it but because they see other making money off it, they don't really know what they've been through or how the road map to their success looks like. Every successful story have it ups and downs so crypto itself have no exception.

For a noob and on the time you are seeing someone specially on social media or other places on the net on which you do see that they do earn money on most easy way you do see visually
which you would really be having that initial impression that it would really be might be possible for you to get on the same results if you do tend to trade too.
This is the reason on why we do really lost money when we are just newbie because we do believe on things which are totally unrealistic or cant really be possible.

Vaculin

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Quote from: GreatArkansas on April 22, 2022, 12:29:45 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,
(.......)

It's very normal. Especially influencers who are just collecting some referrals to some people.
You should be aware if you want to start trading, you should identify your goal, you should not say you are only trading because someone told you or for easy money, you should expect some negative too, trading can make you bankrupt too.

Maybe its his own way of influencing you, by focusing more on success, the reason why you end up being influenced. But if you decide to enter into a new endeavor, make sure to anticipate all its positive and negative aspects. There could never be success without failure at first, and there could never be wins without losses. Now, you already know what trading is all about, that its never an easy job, but if you always look the positivity on it, i think success will come to you in the end.

Bhig Daddy

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A lot of people engage in crypto not because they Want to or because they know about it but because they see other making money off it, they don't really know what they've been through or how the road map to their success looks like. Every successful story have it ups and downs so crypto itself have no exception.

Tellek Garing

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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.

stomachgrowls

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Quote from: Kelvinid on April 27, 2022, 07:39:54 PM

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

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

Then I was supposed to think that you got the idea why your friend never show his rough experience. he wanted for you as well to experience it before having sweet results. Now you have to understand that trading is not an easy job nor you could think there is an easy money in there, it perhaps you may experience diffuclties first before you get what you want.

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.

wxa7115

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Quote from: Jawhead999 on April 23, 2022, 12:41:30 AM

Beware of your friends, a real professional trader never show his profit to anyone, most likely he do that to attract more people to sign up an account under his referral link. Traders not always made a profit, he must have been experienced to feel pain when he loss... but he doesn't want to posted his loss on social media. As you have started trading, don't mad or cry if you loss, it's a experience and lesson to become better trader.

The OP refers to this person as a friend so if we were to assume that this person is not simply someone that he knows from a social media website and instead he knows him from real life then I think it is natural that his friend could reveal some of the profits that he got over the years.

However the most important thing is to see if that friend is willing to help the OP to reach the same results and become a mentor to him, as without a doubt that will be a great help as the OP will avoid most of the pitfalls newbie traders have to go through and which cause the majority of the losses they suffer at the beginning of their careers.

Benefactor

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Exchanging on the grounds that somebody told you or for income sans work you ought to expect some negative as well exchanging can make you bankrupt as well. Later on it might turn out that you don't have the outlook that a fruitful dealer needs and you will end up in other safer exercises like money management or mining.

Kelvinid

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when lambo...

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

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

Then I was supposed to think that you got the idea why your friend never show his rough experience. he wanted for you as well to experience it before having sweet results. Now you have to understand that trading is not an easy job nor you could think there is an easy money in there, it perhaps you may experience diffuclties first before you get what you want.

TimeTeller

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Quote from: carlfebz2 on April 27, 2022, 06:39:59 PM

Quote from: rahmad2nd on April 27, 2022, 05:52:51 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

Have you see with how much loss from your friend? I think you take care and check with your friend profit only trough trading on cryptocurrency and never ask him with how many time failed and loss much money on cryptocurrency trading. I just give opinion for you how keep research and know detail with risk on cryptocurrency trading, when bad thing happen begin with cryptocurrency trading you have ready face it, actually not only with profit have take care but also you need to know when bad thing suddenly price drop and loss much on cryptocurrency.

Losses are inevitable but its understandable that his friend might still be profitable since he had been continuing trading which means he does still have the money or capital for him to do so.

If he was losing that much then recovery would really be that hard and its true that seeing a friend who is really that involved with trading and showing off some profits could really make some
boost up but as our common sense would tell us that this isnt something that could really be happening once we do step our foot on the same industry.
Results would vary and depending on different factors.

And they won't stay long if they are not seeing positive effect on their funds.
But if they are continuing their trading journey, it means, they are seeing something favorable on their end.
Because trading needs hard work. It is not an overnight task to accomplish or achieve the needed skills or tricks.
But once you acquire it on your own, you can use it all throughout your trading journey.

carlfebz2

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Quote from: rahmad2nd on April 27, 2022, 05:52:51 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

Have you see with how much loss from your friend? I think you take care and check with your friend profit only trough trading on cryptocurrency and never ask him with how many time failed and loss much money on cryptocurrency trading. I just give opinion for you how keep research and know detail with risk on cryptocurrency trading, when bad thing happen begin with cryptocurrency trading you have ready face it, actually not only with profit have take care but also you need to know when bad thing suddenly price drop and loss much on cryptocurrency.

Losses are inevitable but its understandable that his friend might still be profitable since he had been continuing trading which means he does still have the money or capital for him to do so.

If he was losing that much then recovery would really be that hard and its true that seeing a friend who is really that involved with trading and showing off some profits could really make some
boost up but as our common sense would tell us that this isnt something that could really be happening once we do step our foot on the same industry.
Results would vary and depending on different factors.

Shasha80

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Quote from: Anguwa on April 27, 2022, 03:51:53 PM

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

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

Basically crypto trading has ups and down situations, which must be taking into consideration. Because your friend has succeeded in trading doesn't mean you will also succeed, most times its a luck but more knowledge and understanding about cryptocurrency trading is needed in order to succeed in trading. Maybe his trading patterns were different from yours and maybe you start trading at the wrong time when crypto Market red.

Crypto trading is not easy, only people who have the knowledge and experience have a chance to be successful. So most newbies who just start
trading usually experience more losses when trading. That's a natural thing to happen, as long as we continue to learn and never give up
by correcting every mistake we make. It will make us successful traders, but it takes a long time, and can not be achieved instantly.
Because crypto trading is not just buying at a low price and selling it when the price is high. But when trading is much more complicated,
because many things can affect the price of crypto.

Therefore crypto trading is a high-risk activity, so it is highly recommended to use capital from cold money. And it must be remembered that when
trading we will definitely experience losses, it is not possible to always profit. Therefore we should not be obsessed with only pursuing profit,
but we also need to respond to how when we experience losses. We can be said to be successful traders when the amount of profit we make is
greater than the losses we get. Because after all, losses are unavoidable when trading, but we can only minimize them.

rahmad2nd

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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

Have you see with how much loss from your friend? I think you take care and check with your friend profit only trough trading on cryptocurrency and never ask him with how many time failed and loss much money on cryptocurrency trading. I just give opinion for you how keep research and know detail with risk on cryptocurrency trading, when bad thing happen begin with cryptocurrency trading you have ready face it, actually not only with profit have take care but also you need to know when bad thing suddenly price drop and loss much on cryptocurrency.

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