Trading and financial planning. | Bitcointalksearch.org

len01

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Quote from: rozak on September 29, 2022, 08:21:15 AM

such people only hear and see the hype generated by the news. when there is news of a successful person trading and investing in crypto, he follows it in hopes of getting lucky in a short time. even do so without sufficient knowledge and skills.

it's all because they are always ambitious when they see others succeed when trading or investing in crypto and always dare to take risks without deep knowledge.
even though it all makes them lose the money they invested for a moment and sometimes think of blaming someone who has been successful when he feels he has failed in investing in crypto

Quote from: rozak on September 29, 2022, 08:21:15 AM

We have also seen other cases with the popularity of someone with NFT assets being sold quite expensively. after that, everyone comes to the NFT market to sell and buy NFT.
Such situations continue to develop in our society. never learn how a person gets his success.

yes, it is true. to the point where they sell all bullshit photos that are not artistic or creative of their own like selling photos of their ears or noses in hopes of being like people who have had success selling their ear photos.
sometimes i laugh looking at the photos but how else it's just a momentary hype that misleads them

Wawa2013

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Quote from: batang_bitcoin on September 28, 2022, 04:14:47 PM

Quote from: Wawa2013 on September 28, 2022, 04:41:45 AM

Quote from: batang_bitcoin on September 27, 2022, 05:49:13 PM

The most newbies do is that they're being hype with the crypto market itself and that's why they're quick in investing.
They don't conduct knowing what they're up to and what they're going to invest and that's making them like gambling in the market and they're fun about it.
It's true that being financially knowledgeable and you're also knowledgeable as a trader, you're like hard to be broken by the market because you've got plans and you're all set to face any of the problems that you may see along the road.

There are so many newbies who end up failing when trading, because they trade without preparation and are only influenced by other people.
I see most newbies when trading rely on free signals from trading groups. In fact, it will only make their lose money. Even though trading is
a complex activity, there are many things that we must learn to become successful traders. Like how to manage our finances when trading
should be a priority, so we will not lose large amounts of money when experiencing losses. Never think we can become a successful trader
in a short time, forget trading if we think like that. Becoming successful in trading requires quite a long process, we must look for an effective
strategy and do not rush to trade with large capital, we must manage finances, that way when experiencing losses can be minimized.
The conclusion must be patient to be able to reach the stage where the profit we generate is greater than the losses we experience when trading.

Most of the stories that I have heard about those people that have relied on signals, they don't have a good experience there.
That's why newbies that don't have knowledge in trading, they should do it on their own and learn the basics plus gain it with their own experience.
Don't have to be successful at first tries because there is a process for which everything can be executed well when you're aware of what you do.

The fact is that newbies are too lazy to learn about crypto trading, most newbies want to make profits instantly. Maybe the newbie's wrong
thinking is formed after seeing the excessive promotion by influencers. As we know some influencers always promise huge profits when promoting
new projects. Of course with less knowledge of newbie and they need big income in bad economic situation, finally, many newbies fall into
the trap of investing or trading in new projects. Even though most of the new projects in circulation ended up being a scam.

When newbies lose all their money, the first to blame is crypto, they say negative things about crypto. Even though the losses they experienced
were due to their own mistakes. That's why a lot of education is needed, especially in countries that do legalize crypto. Because without education,
many people take the wrong steps when trading, after all, crypto trading is very risky, if without good knowledge and preparation, it is certain
to lose money. My advice for newbies is to spend money on trading courses first on trusted platforms. So when trading crypto at least a newbie is
better prepared and will not be careless in making decisions.

abel1337

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Quote from: Strongkored on October 01, 2022, 03:02:14 AM

There are also those who suggest only using a maximum of 20% or less than that of the capital used in one order. This is done in daily trading where when there is a dumb still have available capital to make a orders again.
For me it is important not to use trading capital for activities other than trading, so it must be separated from other fund so that traders can be disciplined in trading.

It's a really bad idea if someone will all in all of his capital in a single trade. Having no management of your funds is just making your trading session riskier. It's important know how to manage your capital knowing that you can't be able to comeback from losses if you have zero capital left. Risk management is important and I'm sure that even veterans traders are doing it. No veteran trader is going all in on a single trade. Aside from having trading skills, Risk management skills are one of the skills that a trader posses and not having one of those skills will not make you a successful trader.

rendravolt

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Quote from: Strongkored on October 01, 2022, 03:02:14 AM

There are also those who suggest only using a maximum of 20% or less than that of the capital used in one order. This is done in daily trading where when there is a dumb still have available capital to make a orders again.
For me it is important not to use trading capital for activities other than trading, so it must be separated from other fund so that traders can be disciplined in trading.

More precisely there is a term like this "don't put eggs in the same basket" meaning that if we put all the money in one trade then all of our money will be lost. It's better if you have money, for example $500, we split it into five trading parts so that we can avoid it all. If our first trade loses, then the other four trades can cover the loss and can also make a profit.

GatotKaca

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Quote from: Strongkored on October 01, 2022, 03:02:14 AM

There are also those who suggest only using a maximum of 20% or less than that of the capital used in one order. This is done in daily trading where when there is a dumb still have available capital to make a orders again.
For me it is important not to use trading capital for activities other than trading, so it must be separated from other fund so that traders can be disciplined in trading.

very reasonable. it will let the trader also know the amount of capital and the profit or loss he/she gets on the trades made.
using 20% of the funds owned for the initial order will be good enough to anticipate wrong price predictions. so trading plans can be updated immediately. don't stop and exit when the trade is losing.

blockman

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Quote from: gunhell16 on October 01, 2022, 01:55:44 AM

Here in the field of cryptocurrency trading if you want to be successful in your income here, you must have enough knowledge and ideas about what you will do here. Especially if you are entering the world of trading in this industry. It is necessary as an individual that you must have a goal and purpose for why you do it, although we all have the same desire and purpose.

Now, we must know how much income we are seeking in the future, and we must also know the steps we will take to achieve what we are targeting to get, it is good to have a plan so that what we do here will be smooth.

The others desire are going to the extent that they're thinking that trading crypto is their way to their riches as soon as possible. It's true that it could be a way to their financial freedom but it won't be an easy road and it's proven to be like that.
They may see those success stories that have became an instant millionaire through their lucky bets from altcoins projects but that's hard to attain and mostly, they're just really lucky at all.

Strongkored

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There are also those who suggest only using a maximum of 20% or less than that of the capital used in one order. This is done in daily trading where when there is a dumb still have available capital to make a orders again.
For me it is important not to use trading capital for activities other than trading, so it must be separated from other fund so that traders can be disciplined in trading.

Mauser

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Quote from: Wawa2013 on September 28, 2022, 04:41:45 AM

There are so many newbies who end up failing when trading, because they trade without preparation and are only influenced by other people.
I see most newbies when trading rely on free signals from trading groups. In fact, it will only make their lose money. Even though trading is
a complex activity, there are many things that we must learn to become successful traders. Like how to manage our finances when trading
should be a priority, so we will not lose large amounts of money when experiencing losses. Never think we can become a successful trader
in a short time, forget trading if we think like that. Becoming successful in trading requires quite a long process, we must look for an effective
strategy and do not rush to trade with large capital, we must manage finances, that way when experiencing losses can be minimized.
The conclusion must be patient to be able to reach the stage where the profit we generate is greater than the losses we experience when trading.

It's a big problem if you get into trading without a lot of prior knowledge only to completely trust your money on information from strangers. Don't get me wrong, these trading groups that offer signals to everyone can be helpful when finding a new trade, but they are no guarantee to make a profit. Even the best trader in the world will not always be right. As a beginner it's a good idea to learn from other people and if they are successful to try and copy them. In the end it's always your own money and we are responsible if we lose some of it. What I noticed from friends and colleagues who gave trading a try is that they are not really realistic for their return expectations. It's the stories about insane profits that make a few lucky traders millionaires overnight that makes people think it will happen to them too. It's important to start small in the trading world, keep track of our personal finances and to get more experience before we put on the big trades. It hurts to miss out on a profitable trade, or to feel that we should have bought a larger position. But better to miss out on some profits than lose a large part of our bankroll.

gunhell16

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Here in the field of cryptocurrency trading if you want to be successful in your income here, you must have enough knowledge and ideas about what you will do here. Especially if you are entering the world of trading in this industry. It is necessary as an individual that you must have a goal and purpose for why you do it, although we all have the same desire and purpose.

Now, we must know how much income we are seeking in the future, and we must also know the steps we will take to achieve what we are targeting to get, it is good to have a plan so that what we do here will be smooth.

rozak

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Quote from: wxa7115 on September 29, 2022, 09:34:04 PM

But what they are not seeing is all the people that did the same and which lost all their money, you do not hear of those people as often as exchanges and other businesses that earn money out of the newbies coming to this market make no effort to promote it, so they have a mistaken idea about how the market works, and when you do not have an accurate grasp of the reality of the markets then it is almost impossible to earn money from them.

more of them only realized it when they were caught in a loss that required them to stay in the market, or had to come out with a loss.
once they experience it all, of course, they will understand a bit more about how other people are having success with trading and investing in the crypto market.
because everything is not woken up just one night. when we go to bed, and the next day we get all our dreams.

wxa7115

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Quote from: rozak on September 29, 2022, 08:21:15 AM

Quote from: len01 on September 29, 2022, 07:27:30 AM

IMO, a person who is new to investing in crypto thinks he will get rich quickly because they are just too ambitious when they see their friends or relatives who have been lucky to get rich from investing in crypto and these newbies without thinking about how long their friends or relatives can get rich while investing in crypto.
for example there is someone who invests in bitcoin since 2017 and after 4 years in 2021 the bulls arrive and that person becomes rich. right then his relatives and friends wanted to be like him and started investing in bitcoin without any basic knowledge of crypto investing they thought they were just getting rich quick.

such people only hear and see the hype generated by the news. when there is news of a successful person trading and investing in crypto, he follows it in hopes of getting lucky in a short time. even do so without sufficient knowledge and skills.

We have also seen other cases with the popularity of someone with NFT assets being sold quite expensively. after that, everyone comes to the NFT market to sell and buy NFT.
Such situations continue to develop in our society. never learn how a person gets his success.

Those people are deceiving themselves with the survivorship bias, they see that other people have become successful investing in altcoins or NFTs and they think that if those people can do it then they can do it as well.

But what they are not seeing is all the people that did the same and which lost all their money, you do not hear of those people as often as exchanges and other businesses that earn money out of the newbies coming to this market make no effort to promote it, so they have a mistaken idea about how the market works, and when you do not have an accurate grasp of the reality of the markets then it is almost impossible to earn money from them.

rozak

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Quote from: len01 on September 29, 2022, 07:27:30 AM

IMO, a person who is new to investing in crypto thinks he will get rich quickly because they are just too ambitious when they see their friends or relatives who have been lucky to get rich from investing in crypto and these newbies without thinking about how long their friends or relatives can get rich while investing in crypto.
for example there is someone who invests in bitcoin since 2017 and after 4 years in 2021 the bulls arrive and that person becomes rich. right then his relatives and friends wanted to be like him and started investing in bitcoin without any basic knowledge of crypto investing they thought they were just getting rich quick.

such people only hear and see the hype generated by the news. when there is news of a successful person trading and investing in crypto, he follows it in hopes of getting lucky in a short time. even do so without sufficient knowledge and skills.

We have also seen other cases with the popularity of someone with NFT assets being sold quite expensively. after that, everyone comes to the NFT market to sell and buy NFT.
Such situations continue to develop in our society. never learn how a person gets his success.

len01

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Quote from: ?? on ??

Quote from: Rockstarguy on September 17, 2022, 11:57:08 AM

I get so surprised at time seeing people making plans to invest cryptocurrency with no stable income. They have this mindset because they think cryptocurrency can make someone to be rich.

Maybe because investing into crypto is a lot easier to anyone and does not require a huge amount of capital compared to other type of investments like real estate or establishing a business.

People that are new into crypto investments might really think that it can make them rich when they see some lucky people who earned a huge amount of money. They don't realize that not all crypto are going to give them the same profit, there are some crypto that can give more than 10x of your investment but it's very risky to put some money to it because you will only depend on hype to achieve that huge gain.

IMO, a person who is new to investing in crypto thinks he will get rich quickly because they are just too ambitious when they see their friends or relatives who have been lucky to get rich from investing in crypto and these newbies without thinking about how long their friends or relatives can get rich while investing in crypto.
for example there is someone who invests in bitcoin since 2017 and after 4 years in 2021 the bulls arrive and that person becomes rich. right then his relatives and friends wanted to be like him and started investing in bitcoin without any basic knowledge of crypto investing they thought they were just getting rich quick.

jostorres

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Quote from: Wawa2013 on September 28, 2022, 04:41:45 AM

There are so many newbies who end up failing when trading, because they trade without preparation and are only influenced by other people.
I see most newbies when trading rely on free signals from trading groups. In fact, it will only make their lose money. Even though trading is a complex activity, there are many things that we must learn to become successful traders. Like how to manage our finances when trading should be a priority, so we will not lose large amounts of money when experiencing losses. Never think we can become a successful trader in a short time, forget trading if we think like that. Becoming successful in trading requires quite a long process, we must look for an effective
strategy and do not rush to trade with large capital, we must manage finances, that way when experiencing losses can be minimized.

That is a reality and it is a sad reality that they are living in. I wouldn't say no to suggestions though, that's not the point, because people are free to offer me advice on what to buy and what to sell, that's not the problem. The problem would be if I end trying to trade based on what they said, I do not do that at all.

I take those suggestions and go deeper into it and start to research what could be good and what could be a problem with the suggestion. If I could end up with something much better and see that it is a good thing and there is a profit to be made by it, then I would invest only after all that research because it would be my own opinion added on top of their suggestion.

batang_bitcoin

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Quote from: Wawa2013 on September 28, 2022, 04:41:45 AM

Quote from: batang_bitcoin on September 27, 2022, 05:49:13 PM

The most newbies do is that they're being hype with the crypto market itself and that's why they're quick in investing.
They don't conduct knowing what they're up to and what they're going to invest and that's making them like gambling in the market and they're fun about it.
It's true that being financially knowledgeable and you're also knowledgeable as a trader, you're like hard to be broken by the market because you've got plans and you're all set to face any of the problems that you may see along the road.

There are so many newbies who end up failing when trading, because they trade without preparation and are only influenced by other people.
I see most newbies when trading rely on free signals from trading groups. In fact, it will only make their lose money. Even though trading is
a complex activity, there are many things that we must learn to become successful traders. Like how to manage our finances when trading
should be a priority, so we will not lose large amounts of money when experiencing losses. Never think we can become a successful trader
in a short time, forget trading if we think like that. Becoming successful in trading requires quite a long process, we must look for an effective
strategy and do not rush to trade with large capital, we must manage finances, that way when experiencing losses can be minimized.
The conclusion must be patient to be able to reach the stage where the profit we generate is greater than the losses we experience when trading.

Most of the stories that I have heard about those people that have relied on signals, they don't have a good experience there.
That's why newbies that don't have knowledge in trading, they should do it on their own and learn the basics plus gain it with their own experience.
Don't have to be successful at first tries because there is a process for which everything can be executed well when you're aware of what you do.

Wawa2013

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Quote from: batang_bitcoin on September 27, 2022, 05:49:13 PM

The most newbies do is that they're being hype with the crypto market itself and that's why they're quick in investing.
They don't conduct knowing what they're up to and what they're going to invest and that's making them like gambling in the market and they're fun about it.
It's true that being financially knowledgeable and you're also knowledgeable as a trader, you're like hard to be broken by the market because you've got plans and you're all set to face any of the problems that you may see along the road.

There are so many newbies who end up failing when trading, because they trade without preparation and are only influenced by other people.
I see most newbies when trading rely on free signals from trading groups. In fact, it will only make their lose money. Even though trading is
a complex activity, there are many things that we must learn to become successful traders. Like how to manage our finances when trading
should be a priority, so we will not lose large amounts of money when experiencing losses. Never think we can become a successful trader
in a short time, forget trading if we think like that. Becoming successful in trading requires quite a long process, we must look for an effective
strategy and do not rush to trade with large capital, we must manage finances, that way when experiencing losses can be minimized.
The conclusion must be patient to be able to reach the stage where the profit we generate is greater than the losses we experience when trading.

Bhig Daddy

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In general, we should prepare everything we do with relation to money management and investing carefully. If everyone does this and adheres to what has been written, nobody will fail. However, the success of this strategy depends on the people carrying it out; otherwise, it will still be a failure, and I see that some people didn't follow through. We must always be aware of our financial situation because it can greatly contribute to our success and ensure that we actually accomplish our goals.

batang_bitcoin

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The most newbies do is that they're being hype with the crypto market itself and that's why they're quick in investing.
They don't conduct knowing what they're up to and what they're going to invest and that's making them like gambling in the market and they're fun about it.
It's true that being financially knowledgeable and you're also knowledgeable as a trader, you're like hard to be broken by the market because you've got plans and you're all set to face any of the problems that you may see along the road.

Lanatsa

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Quote from: GelatikKembar on September 23, 2022, 03:58:51 AM

Quote from: ?? on ??

Quote from: Rockstarguy on September 17, 2022, 11:57:08 AM

I get so surprised at time seeing people making plans to invest cryptocurrency with no stable income. They have this mindset because they think cryptocurrency can make someone to be rich.

Maybe because investing into crypto is a lot easier to anyone and does not require a huge amount of capital compared to other type of investments like real estate or establishing a business.

People that are new into crypto investments might really think that it can make them rich when they see some lucky people who earned a huge amount of money. They don't realize that not all crypto are going to give them the same profit, there are some crypto that can give more than 10x of your investment but it's very risky to put some money to it because you will only depend on hype to achieve that huge gain.

Whatever the investment, it will not be free from risk because it is part of the investment.
Crypto investing is better known for its high returns and high risk,
so before starting to invest in crypto it is very important to learn first

Any investment has its risk which there would be no exemption and you should really be minding off this thing to be that standard where you would really be needing to be that making analysis on whatever you are

jumping into or simply talking about investment.Particularly if we do speak about trading and on a very unpredictable market then it would really be just normal that you should really be that serious on financial

planning.You cant really just make out some entries without having considerations on why you have done that action? Never ever make yourself to have that gambler-like mind or perception on something
which does require good analysis.

Munir575

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The important factors that have helped us be successful in our financial planning are self control and self discipline. Instead than concentrating on the things we want, we should concentrate more on the things we need. For people who wish to be successful in their trading endeavors, financial management is extremely crucial. Savings are required so that we can increase our profit and manage our losses. It could be challenging at first, but if we can make it a good habit, we'll succeed at it without a doubt.

Topic: Trading and financial planning. (Read 862 times)