Trading and it uncertainties - page 3.

lixer

hero member

Activity: 2688

Merit: 588

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

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.

You stated a fact right there. Some people forget that what works for others may not work for them. That you see something working for others doesn’t mean that if you try that same thing it is also going to be working out for you. If you’re trying to do it and it’s not working after you have tried your best, instead of you continuing to lose money in the market, you can try it another way or just look for something else to try.

There are many ways that one can profit from the market, you can decide to even go for copy trading, I have seen people that are doing it and it is working out for them, pretty well and they are making money from it.

Yamifoud

hero member

Activity: 2828

Merit: 518

Quote from: Silberman on December 08, 2021, 03:05:04 PM

Quote from: TheUltraElite on December 07, 2021, 12:21:20 AM

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.

Lanatsa

hero member

Activity: 2968

Merit: 687

Quote from: Silberman on December 08, 2021, 03:05:04 PM

Quote from: TheUltraElite on December 07, 2021, 12:21:20 AM

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.

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.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: TheUltraElite on December 07, 2021, 12:21:20 AM

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.

MIner1448

member

Activity: 938

Merit: 13

Tontogether | Save Smart & Win Big

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.

I am sure that thanks to my experience, knowledge and a set of skills as a trader, it will allow you to make the right decision. It is not always possible to get a positive experience on the exchange, and this negative experience will also teach the trader something in the future, so as not to make any mistakes.

arditiyan

full member

Activity: 616

Merit: 100

in trading, price changes are absolute.
trading requires us to demand good in managing the most detailed trading control system.
We can use this as a way to manage trades well, our attitude in analyzing, our attitude in determining low prices and high prices or every small step in trading must be managed so that there is no mistake.
maybe this can be one of the basic references for traders, so they can learn to manage properly in the future

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

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.

Issa56

hero member

Activity: 1484

Merit: 928

Seriously in Cryptocurrency anything can happen, everybody knows cryptocurrency with volatility that's why you have to always invest any amount you can afford to lose. Firstly before I buy any coin I always make sure I do my technical analysis first and be sure am entering the market at the right time and if you are talking about market uncertainty that's one of the thing that make cryptocurrency trader's most expecially novice lose alot of money, because they believe the price of the coin which they buy will continue increasing which if there is dump they end up panicking and selling at great lost, so I believe one of the way to control your lost incase if market goes sideway is to make use of stop lose, it will reduce the amount inwhich you will be losing even if the market goes sideway.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: BigBos on December 04, 2021, 12:24:38 AM

well, uncertainty is really unavoidable. however, in the world of trading, we do not know when the price will really pump, and dump. the same as today. not many people think that the price of bitcoin can drop below $50k by the end of this year, but the price is back down again. If you want uncertainty to disappear a little, targeting selling prices for losses and profits is something that needs to be considered to avoid uncertainty in trading.

This is why one of most important characteristics that a trader must have is the ability to adapt themselves to what is happening in the market, for example I was not expecting for the market to go below 50k but am I going to get mad at the market for going beyond my expectations? Of course not, I just accept this as a reality and move on and I try to do my best to more accurately predict what it is going to happen next while also improving my overall strategy with this new information, but many people do not think like that and instead get mad when the market does not do what they want, and that is when they make the biggest mistakes possible for a trader as now they are trading with their emotions.

sumant

copper member

Activity: 770

Merit: 1

I have seen crypto market from 2017 and found it very risky. It can high up at any level and go down at very low price where you can not believe this. Trading is very uncertainties from nature because anyone no knows that where market will go from here. It is very risky for those who come now to trade, market is on the higher side. Not take entry anytime. Taking entry at crash time is very important for taking a good profit so please be aware of crypto trading. You will loss or gain very quickly.

jamkesmas

full member

Activity: 440

Merit: 101

$CYBERCASH METAVERSE

a market with rapid price changes certainly raises all the risks that will occur in a fast time too, uncertainty of course will always exist in a market and trading of course it is a risk accompanied by all possibilities to get a commensurate reversal, in crypto trading anything can happen quickly, therefore all traders are required to quickly make decisions in order to gain profits or stoploss.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

Quote from: Ziskinberg on November 27, 2021, 05:47:13 PM

Quote from: SirLancelot on November 27, 2021, 05:18:12 PM

Quote from: Cling18 on November 27, 2021, 09:32:03 AM

I've simply learned to take the risks especially when the volatility of the market is too high. Also, handling our emotions well every time the market situation changes would be a wise move. Fear during the dip and greediness during the pump would only lead us to regrets in the end so we better set a good target goal so we'll have something to follow and we could make smart decisions.

If you’re taking any risks in this market, it should only be a calculated risk. You don’t just jump in and be taking risks when you’re not well planned. You have to calculate yourself and know what kind of risk you’re about to take, what may go wrong and how you will be able to handle any kind of situation that arises from taking that risk. You have to be ready for it, and if possible, you should have any kind of tool that helps to minimize the level of risks that you’re able to take.

And for sure it is good to set a target. Not having a target while trading is like having a ship without a captain that’s directing it where it’s going to. Our targets are what leads us and determines the steps we are going to take in being successful. And your target would make you know when you should get into the market and when you should leave, which is very important.

We can never expect that all become calculated and accurate, not in crypto trading and even the others as it always changes in no specific time due to some factors affecting volatility. But then, it was very important to have a goal/plan before trading as this will serve as our guide where we go and what we want to achieve but sometimes, we have been deceived by our emotions leading to making a bad decisions and making us lose. Perhaps, it always happens to newbies.

You are right in what you say, however I read a book by a market speculator from the 1800-1900s called Jesse Livermore, and he sometimes if he had a hunch he would listen to him and those few times he had the hunch he won, I'm not saying with this that you have to leave everything for a hunch, but if you have to take into account that sometimes in the face of uncertainty there are enough things to develop, in my case in the current marking I see many options that can happen, but I do not have a Definite sense of what can happen, however uncertainty invades me and being out of the market until I have clarity and only better than I can do.

martina14

full member

Activity: 1190

Merit: 111

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 advise, good day.

Hypnosis00

sr. member

Activity: 2436

Merit: 343

Quote from: Anguwa on December 04, 2021, 05:16:26 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.

Trading involves risk completely, which means it involves uncertain circumstances. To be successful crypto trader, you have to manage how to stop losses as much as you can by involving some basic trading strategies, also know how to study market in all forms both when the market is bullish and on the other way round.

You can minimize losses but can never stop them no matter what you do. You can't have a successful story without telling those bad days and big losses that you've experienced.

And to question why we live into these uncertainties? Because we can't eliminate this feeling, fully. I may control this sometimes but can never have to stop this. Maybe it was because we are human beings and that is we sometimes too emotional and got affected by it. Can't deny that, truly.

savetheFORUM

full member

Activity: 1134

Merit: 140

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.

You cannot fish with clear waters; you must need flow. This applies to trading as well. Volatile nature is a common characteristics of every market and it is up to your skills on technical analysis like how effectively you are making use of those volatile nature of market in your favor. If you are really hating the volatile nature of crypto markets then you should go for long term holding which is is definitely a hassle free profit making method in crypto markets because you never need to bother about ups and downs of market at any point of time.

All the traders who hate uncertainty of crypto market should go for or long term holding which does not require your skills on technical analysis or risk managements but just your capital and some patience.

Anguwa

member

Activity: 742

Merit: 30

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.

Trading involves risk completely, which means it involves uncertain circumstances. To be successful crypto trader, you have to manage how to stop losses as much as you can by involving some basic trading strategies, also know how to study market in all forms both when the market is bullish and on the other way round.

RILWAN

member

Activity: 742

Merit: 12

Global peace initiative

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

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

You are right on that, trading is an uncertain adventure that requires a lot of patience and courage because having to take trading as a means to livelihood to earn passively with trading.

zaesvlas

jr. member

Activity: 140

Merit: 2

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.

horrifiedx1

member

Activity: 602

Merit: 11

Quote from: BigBos on December 04, 2021, 12:24:38 AM

well, uncertainty is really unavoidable. however, in the world of trading, we do not know when the price will really pump, and dump. the same as today. not many people think that the price of bitcoin can drop below $50k by the end of this year, but the price is back down again. If you want uncertainty to disappear a little, targeting selling prices for losses and profits is something that needs to be considered to avoid uncertainty in trading.

what is needed is firmness in making choices about personal predictions, so that uncertainty in the market can be resolved and does not cause excessive disappointment later, because our analysis could be wrong, so we must immediately get up and analyze for the next

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: wxa7115 on December 03, 2021, 05:26:00 PM

Quote from: michellee on December 03, 2021, 01:35:14 AM

Quote from: RILWAN on December 02, 2021, 01:21:25 PM

The most challenging point in trading is the starting point where a newbie will work to build an experience that will help guide him all through the journey and one such weapon is to build motivation because you will need it when faced with uncertainty.

That will depend on that person to start moving to build his experience in trading because no matter what, we really need to have experience in trading. Without having much experience, we will not have a chance to analyze better and get the right coins at the market. The motivations will come from ourselves so we need to have a strong willingness to start. Otherwise, we will not get a step forward but only stay where we stand now.

Experience is needed to improve your ability as a trader but at the same time is not everything, if you really take the time to study the markets then even if you are a newbie then you will have more success than someone that has years of experience in the market simply because you are not going to make the same mistakes that they made and that cost them so much money over the years.

After all, since the amount of capital that we have is limited probably the most important thing we must do is to try to reduce our mistakes to a minimum, and if you can do this while risking no capital by learning from books and other traders then you are way ahead of most traders before you risk a single dollar in the markets.

So the key is not stopping from learning more about trading because besides searching for more experience, that will allow us to improve our skills. If we can combine with the experience that we got before, I am sure we will succeed in trading and minimize the risk.

Besides that, having many experiences will help us reduce mistakes because we can learn how to handle ourselves better in trading from other sources. If our capital is limited, we do not have to force ourselves to take loans, especially if we do not have many skills in trading. Just keep trading, take your profit as often you can, do not greed but still be careful to use the money to trade.

Topic: Trading and it uncertainties - page 3. (Read 720 times)