Trading and it uncertainties - page 2.

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Quote from: Yamifoud on December 08, 2021, 06:28:31 PM

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Quote from: zaesvlas on December 04, 2021, 03:36:36 AM

In general, if a trader has chosen trading for work, then it should be understood that this is just an unpredictable option for making money. The market can change very dynamically.

Yeah I dont think choosing trading over work is a wise choice to make. A day job will give you a fixed income per month or per week but trading does not guarantee you any such earnings, the graph is more ups and down than a stable line.

It is a personal choice though. I know many professional traders making a living out of it, but we tend to forget that such people are only a handful and they usually started trading a long time ago. One cannot just start trading today and leave their job at the same time and not go bankrupt, it does not add up. So if one wishes to trade, keep it as a side hobby and gradually grow on it. Dont sacrifice your stable income for that, that is a foolish thing to do.

Lack of these insights is the reasons behind going "rekt" and ending up in debts.

That is the way to go, it is almost impossible to become a full time trader right away, at first you are going to need to do it as a side job, then once you grow your capital through the years by saving the money you get from your job and the money you get from the markets then that is when you can consider leaving your regular job and begin trading, also I will say that this is way easier to do if you are single as you can easily reduce your expenses, but if you are married this is going to be way more challenging.

Trading is very challenging at the start, you'll never know exactly what to do especially when emotion tried to change your mindset and sometimes a reason for losses. I've tried trading as a part-time job but sad to see that ain't working well until I do it to spend more time than usual and to see a lot of changes happen. That I realize that trading needs more time, it has become more profiting if you are focused on it as a common full-time trader does. But if this is not meant for you, I'm still sure nothing gonna happen even you spend 24 hours on the computer.

Good to take trading as a full-time job is something that sounds very good, but difficult to achieve, firstly because I consider that to be a trader you must have the money to support at least 3 months of food and basic needs, apart in those 3 mess guarantee a good profit, because you would be playing it completely, and it should also be taken into account that to only do trading you must take into account that you have to have a good capital to be able to have profitable profits, if it would be a good thing if you have clear basic concepts and especially if you understand the market better.

MrcMrc

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I don't think so bravery is not a 100% guarantee of a successful trade and if the market goes in a different direction the trader will be left with no choice but to bear the loss, trading to me is an uncertain venture and at that, every trader will rely on skills and good analysis.

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Quote from: carrigan on December 10, 2021, 07:56:47 AM

Trading is closely related to uncertainty. Therefore, you must be brave and confident in the decisions you will take.

I don't think IMO that bravery has anything to do with trading. Trading doesn't connect with strength but it needs knowledge and strategy and these two factors can help you to understand the market. Understanding the market is why you can relate with price and your emotion looks controlled. You don't really control your emotions but because you have knowledge about what you are doing, it looks like you are controlling emotions.

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in trading the number of benefit targets are accomplished. Regardless of whether it contact the value we have anticipated then there are two choices pause and make more passages in various positions. Due to the accessibility of prospects exchanging so it is simpler for us to decide when we place the cost and when we discharge the value as per the time we have picked.

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Quote from: Munir575 on December 11, 2021, 05:35:19 AM

There is no certainty in trading because of the unstable nature of the market, trading has no guarantee as the market price is always changing so one have to bear in mind that they can run at profit or loss at any time. Trading requires knowledge and understanding of the market behaviour, you should be able to analyse and know when to enter into the market and when to leave as well. Trusting your decision is important as well weather it results to lose.

I think the unstable nature of the cryptocurrency market made it trading an uncertain venture as one will not know which direction the price may go even if you made a profit from your trade you may not be clear on the outcome of the market in general.

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Quote from: MrcMrc on November 21, 2021, 08:02:03 AM

This thread is primarily directed to discuss how traders manage trading uncertainties how do you manage to decide on your trading in a volatile market such as cryptocurrency where price can change within some seconds.

Depending on the platform used, the best safety net i could think of when it comes to protecting your money is using stop losses as this reduces the risk of lossing more money than you had anticipated to risk!

But for platforms without these features such as the stop losss, its all about taking out your profits in bits to avoid holding for eternity.

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There is no certainty in trading because of the unstable nature of the market, trading has no guarantee as the market price is always changing so one have to bear in mind that they can run at profit or loss at any time. Trading requires knowledge and understanding of the market behaviour, you should be able to analyse and know when to enter into the market and when to leave as well. Trusting your decision is important as well weather it results to loss.

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Trading is an important area where you may encounter two types of results. If you have good luck then you can make a profit If you are unlucky, you will lose. Cryptocurrency is quite uncertain and unlikely.

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Quote from: Lordhermes on December 10, 2021, 05:47:12 PM

Quote from: carrigan on December 10, 2021, 07:56:47 AM

Trading is closely related to uncertainty. Therefore, you must be brave and confident in the decisions you will take. Do not just origin but need consideration. This proves the importance of controlling emotions well when you trade, I usually apply this I continue to learn to hold back emotions that overflow, not be rash and not greedy when the market is pump.

Yeah,exactly! The ability to hold back emotions is the most important thing in trading. When it seems like we are having losses or the money invested seems not to yield any good result,then one must be calm,not being nervous or getting yourself worried,you are just entering the game,it is a game of risk,so being strong and courageous is the only thing one can do to avoid blood pressure.

Controlling your emotion and your mind will be the most crucial thing needed when you do deal with this very unpredictable market.
Uncertainties would be there because we do know the risk and this is where you should really be focusing on controlling it

so that you would able to withstand on whats the unpredictability of this market.You do accept those unexpected events.

Losses are part of the risk thats why you should be mindful on making out back up plans.

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Quote from: carrigan on December 10, 2021, 07:56:47 AM

Trading is closely related to uncertainty. Therefore, you must be brave and confident in the decisions you will take. Do not just origin but need consideration. This proves the importance of controlling emotions well when you trade, I usually apply this I continue to learn to hold back emotions that overflow, not be rash and not greedy when the market is pump.

Uncertainty or between certain and uncertainty of 50/50. Trading is not uncertainty except when you engage your self with shitcoins.
Trading is very profitable if you are emotionally, financial and literate about what you bought, you don't have to fear anything except sometimes that the market crashed when you don't even see it coming.
You also said when a market is pump you don't like to enter, have you seen a coin pumped back to back, when you think the whales are done, that's when they will begin another pump. Grin

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Quote from: carrigan on December 10, 2021, 07:56:47 AM

Trading is closely related to uncertainty. Therefore, you must be brave and confident in the decisions you will take. Do not just origin but need consideration. This proves the importance of controlling emotions well when you trade, I usually apply this I continue to learn to hold back emotions that overflow, not be rash and not greedy when the market is pump.

Yeah,exactly! The ability to hold back emotions is the most important thing in trading. When it seems like we are having losses or the money invested seems not to yield any good result,then one must be calm,not being nervous or getting yourself worried,you are just entering the game,it is a game of risk,so being strong and courageous is the only thing one can do to avoid blood pressure.

carrigan

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Trading is closely related to uncertainty. Therefore, you must be brave and confident in the decisions you will take. Do not just origin but need consideration. This proves the importance of controlling emotions well when you trade, I usually apply this I continue to learn to hold back emotions that overflow, not be rash and not greedy when the market is pump.

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Quote from: junmisakiro on December 10, 2021, 02:55:05 AM

Quote from: MrcMrc on November 21, 2021, 08:02:03 AM

This thread is primarily directed to discuss how traders manage trading uncertainties how do you manage to decide on your trading in a volatile market such as cryptocurrency where price can change within some seconds.

Rapid price changes create uncertainty, therefore all traders are required to be quick in making decisions, whether it is taking profits or deciding losses caused by price changes.
I think it's a natural thing and very worth everything that will be obtained.
I myself set a target when trading by setting a limit on losing and also profiting with the same percentage, so if the price drops drastically I am quick to take a decision to lose.

If you believe the price will recover someday you shouldn't sell your coins to prevent any losses caused by price change but if only 1-10% it's better to cut loss tho Cheesy

. It's good to use a platform that have a cut loss function so you can leave it with your loss setting rather than watching it every minute. Also, dont forget to do some research to prevent any wrong investing in shit coin because once it goes down it wont go up again IMO.

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Quote from: MrcMrc on November 21, 2021, 08:02:03 AM

This thread is primarily directed to discuss how traders manage trading uncertainties how do you manage to decide on your trading in a volatile market such as cryptocurrency where price can change within some seconds.

Rapid price changes create uncertainty, therefore all traders are required to be quick in making decisions, whether it is taking profits or deciding losses caused by price changes.
I think it's a natural thing and very worth everything that will be obtained.
I myself set a target when trading by setting a limit on losing and also profiting with the same percentage, so if the price drops drastically I am quick to take a decision to lose.

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Quote from: Wiwo on December 09, 2021, 03:23:38 PM

Quote from: martina14 on December 04, 2021, 09:39:09 AM

Quote from: MrcMrc on November 21, 2021, 08:02:03 AM

This thread is primarily directed to discuss how traders manage trading uncertainties how do you manage to decide on your trading in a volatile market such as cryptocurrency where price can change within some seconds.

Being a traders here in this field of business industry, if your gonna use your emotions make sure you will apply it in a right manner, or else
you might loss your assets for sure in the end. It is because, being emotional while doing the actual trading is not a good things to apply believe me. This is just a tips of advice, good day.

Emotion has no place in trading because once your emotions get the best of you, it may result in a loss of trades. Trading is based on technique and not emotional so in totality, I agree with your point of view.

Well, we all have different emotions that will surely develop once we made profits or losses in crypto. And as per advice, it should not drive us into trading because if we do that, we will lost our focus on crypto market and definitely see ourselves losing in the end. Although its inevitable on our part but controlling it is the best thing to do. And with all its trading uncertainties in crypto, we should learn to manage them smartly, otherwise we will often lose in trading and if that happens consistently, then we should start deciding if crypto trading is really for us or better quit from it to avoid a huge mess in the end.

Dragonfund

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Why will you want to invest in crypto when you know very well that's volatile and at the same time risky. Unless you are buying a red shitcoins, that's the only point you begin to fair that your portfolio may becomes zero due a bold decision you took.
If not that we all love to buy and make profits fastly, I don't think I have seen anyone complain of been in lost of the coins they bought during corona market crash, but and hold, there is a very great reward for those who have the patience to hold.
Always be team diamond hands, you have nothing to worry about top 100 coins in market.

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Quote from: Lanatsa on December 08, 2021, 03:33:02 PM

Even if you do have the time to become a full time trader but if your skill wasn't enough on dealing with this kind of trading then it would be still useless.

because actively engaging with volatility or price movement does something require sufficient skills for making yourself sustainable on this market.

You would really be messing up entirely if you don't have these things beforehand.You should be considerate whether you are already that prepared or just
been hyped up.

What is meant by skills is the knowledge of trading that must be possessed to find out market movements. Technical analysis is very important to learn so as not to get caught in a trade that will be detrimental. When you have entered into trading, it is a sign that you are ready to take all the risks, but basic trading skills must also be possessed. Don't get into trading just to try your luck.

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Quote from: martina14 on December 04, 2021, 09:39:09 AM

Quote from: MrcMrc on November 21, 2021, 08:02:03 AM

This thread is primarily directed to discuss how traders manage trading uncertainties how do you manage to decide on your trading in a volatile market such as cryptocurrency where price can change within some seconds.

Being a traders here in this field of business industry, if your gonna use your emotions make sure you will apply it in a right manner, or else
you might loss your assets for sure in the end. It is because, being emotional while doing the actual trading is not a good things to apply believe me. This is just a tips of advice, good day.

Emotion has no place in trading because once your emotions get the best of you, it may result in a loss of trades. Trading is based on technique and not emotional so in totality, I agree with your point of view.

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Quote from: Mauser on December 09, 2021, 01:48:48 PM

Quote from: MrcMrc on November 21, 2021, 08:02:03 AM

This thread is primarily directed to discuss how traders manage trading uncertainties how do you manage to decide on your trading in a volatile market such as cryptocurrency where price can change within some seconds.

Hard to give a general advice for dealing with high volatility coins. For me it all comes down to how much believe in a particular project. If I think that it is a good project to invest in that uncertainty is not such a big problem. Most of the coins I strongly believe in I hold as a long term investment, with a HODL strategy it is much easier to sit through higher volatility times. When prices change in a few seconds than it becomes hard to trade profitable in my opinion. Because in such short time intervals it all comes down to who has the best internet connection and the shortest distance to the exchange servers. Unfortunately my setup is not so professional and I will be likely behind any more sophisticated trader. Best to just try and trade around such milisecond decisions.

It all matters with your own perception and views on a certain project and just like been said that we do really have different takings and decisions on a particular situation whether it is a good one or a bad one depending on our guts and intuition on how things should be done.
On general advise then its really hard not to make out reactions and impulsive emotions when dealing with crypto investment.
This is something that you can easily bare if you dont have the experience.

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Quote from: MrcMrc on November 21, 2021, 08:02:03 AM

This thread is primarily directed to discuss how traders manage trading uncertainties how do you manage to decide on your trading in a volatile market such as cryptocurrency where price can change within some seconds.

Hard to give a general advice for dealing with high volatility coins. For me it all comes down to how much believe in a particular project. If I think that it is a good project to invest in that uncertainty is not such a big problem. Most of the coins I strongly believe in I hold as a long term investment, with a HODL strategy it is much easier to sit through higher volatility times. When prices change in a few seconds than it becomes hard to trade profitable in my opinion. Because in such short time intervals it all comes down to who has the best internet connection and the shortest distance to the exchange servers. Unfortunately my setup is not so professional and I will be likely behind any more sophisticated trader. Best to just try and trade around such milisecond decisions.

Topic: Trading and it uncertainties - page 2. (Read 720 times)