Topic: Trading can ruin you (Read 2042 times)
Trading can lead to disastrous consequences if it is done recklessly and without knowledge. Researching and scrutiny of the stock or crypto one is buying and seeing their past performances, vision for future of the company and other things need to be considered before entering the market to buy and trade. Also setting realistic profit goals is necessary as if we want to buy and then sell at too high a price, it will give frustrations when we see the stuff that we bought is not hitting that desired selling price "soon" as it takes time which demands lots of patience.
Trading is a very challenging subject at the same time very dangerous and the dividend rate is very high which will attract you again and again. Although I have never traded but I have seen how carefully and analytically they trade. But still, I hear them say that they still cannot trade well. My uncle who used to trade since many years but a few years ago he lost everything what he invested and what he gained. So if the trade is not patient or not able to handle the situation, it can definitely crash.
Those who trade carefully will experience failure, especially those who trade without analyzing it well, of course they will waste the money they use to make the trade. When someone trades with large amounts, of course they have to analyze the market correctly. and choose the right coin for them to trade and don't let it happen that when they experience a failure in trading they can't fix the failure until they lose all the assets they have in the trade, of course this will be very devastating for someone who does that.
Trading can ruin you only if you lack knowledge and understanding of it. When you have a risk management strategy, it says to set rules on how much money you are willing to risk on each trade and when you lose all your funds, you move on, same as taking your profits without being greedy and end up losing all your gains. Getting emotional attached to their investment makes them lose more money than the actual amount they are willing to spend because there is no sure of success or becoming rich quick, it's very important and necessary to learn and research before starting.
Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it, I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.
It is important to have knowledge about trading before people want to continue and we are born with different abilities so we need knowledge to minimize the risk of losses resulting from trading. Many people are in a hurry to continue trading with limited knowledge and in the end they experience unavoidable losses.Though am a better trader now, but I still thred with caution, the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.
So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.
Trading is riskier because even though people are experienced, there are times when they are faced with losses. The problem is that when people do not have good knowledge, they will find it difficult to meet psychological risks. Trading will become more mature when people dare to take risks and practice trading directly, but these risks are not seen as a gamble but are combined with knowledge.When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.
So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.
For beginners, if they are not ready to continue trading with large capital, it is better to use small capital to practice trading skills. Because even experienced traders can be detrimental at times, especially for beginners who don't have good experience and knowledge.
Trading is a very challenging subject at the same time very dangerous and the dividend rate is very high which will attract you again and again. Although I have never traded but I have seen how carefully and analytically they trade. But still, I hear them say that they still cannot trade well. My uncle who used to trade since many years but a few years ago he lost everything what he invested and what he gained. So if the trade is not patient or not able to handle the situation, it can definitely crash.
Trading can ruin you if you treat it like gambling. Trading requires knowledge and experience. When you are trading something only because you like that token then it is not trading anymore. There will be no difference between a trader and gambler because in both cases they are depending on their luck. Also don't every invest any asset that you can not afford to lose.
When we treat trading like gambling, of course we don't have in-depth knowledge about trading, so we are careless in choosing the tokens we will buy and don't do any analysis, so this will be very risky of losses. Of course, everyone who trades must have good knowledge about trading and also experience, even for those who have a lot of experience, they will still experience losses if they are wrong in analyzing the market. If we have chosen to invest in an asset, of course we already understand the possibility of losses that we will incur, so it is important that we understand the risks we are taking. face it.
Trading can ruin you if you treat it like gambling. Trading requires knowledge and experience. When you are trading something only because you like that token then it is not trading anymore. There will be no difference between a trader and gambler because in both cases they are depending on their luck. Also don't every invest any asset that you can not afford to lose.
There are only two things that trading can give us or cause us: good and bad results. Of course, if the result is bad, it's either you don't have knowledge of trading or you have greed that exists as a trader. And if you are a good trader, it means that you have studied or learned the trading concept in the crypto space.
So if we traders are careless, for sure we will quickly lose the assets we have on the trading platform because what we are doing in this matter is completely wrong.
So if we traders are careless, for sure we will quickly lose the assets we have on the trading platform because what we are doing in this matter is completely wrong.
In my perspective, I don't think trading can ruin someone, while trading comes with profit and loss, that is why they claimed that trading is not for everyone, if you don't have a mind, don't involve yourself, but there is no way trading could ruin someone's life. However, we must exercise extreme caution in order to prevent losing money, which can have a terrible impact on our lives if we do not tread with caution while trading. Trading incorrectly can wreck our lives.
and spot traders also have to know the reasons why they buy the coin/token. I suggest avoiding fomo, because price movements are very volatile, do your own research, and read more news about the coin/token, if your estimates are mature, that's when When you buy, you need to remember that you have to have a profit target and a loss target
I know countless of people that has decided to be a trader and have lost huge amounts in trading.We need to know what we are doing so that we don't keep up the same energy that would make us lose.
Losing is very easy in the market same way to be profitable. There is not two ways about it so we need to be prepared and focus on how we can be a beneficiary of the market without much pressure.
My opinion is based on personal experience. Trading is highly risky, especially for beginners. I have faced losses myself. The best approach for novices is to steer clear of active trading and focus on investing and holding assets. Trading requires a deep understanding of the market and analysis; otherwise, you can quickly lose money.
it's absolutely true and i see also in my personal experienced in the trading. i am not new in trading but i am still at a big losses because lack of risk management
and also patience. so then i am started holding btc,eth,bnb and few top alctoins,
now i am profitable by green market and it's around 10% to 50% in every coin,
i stopped trading and just keep holding many coins forlong time.
Trading is definitely technical and a process you must understand before going into Trading properly, basically For the newbie that want to go into Trading for the first time should actually know that it’s just the act of buying and selling when it’s high, it is always advice for a beginner to understand what Trading is all about before going into Trading.Looking at some trading charts analysis you will definitely understand that there was a profit and lose actions that has already taken place in the previous week and months years. You can easily lose your money if you don’t go into Trading properly with the good step and taking advice from expertise and experience, traders. Reading some articles concerning Trading and studying them will help you provide more insight of what you are about to do, which ever way you want to trade or which ever coin do you want to trade with,At least you should be able to know more about the coin check the market cap follow the trend consigning the coin. So there for if you did not take a calculated risk during trading, you may lose your money, which is the fact.
Trading is for all and even the expert traders do also start as a novice. The real ones that is not for the newbies are the futures trading because its risk is higher than a normal spot trading but if newbies wants to get their hands on it, they should first start with spot trading and improve their knowledge there before advancing.
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i agree with what you said. trading is for everyone, regardless of age, gender, etc. everyone has the right to be able to enter the world of trading. however, for futures trading, not everyone can trade on it. even though futures provides a leverage feature which will help people to be able to trade with little money but with bigger profits, there is a big risk there if they cannot analyze the market and take the wrong position.
and spot traders also have to know the reasons why they buy the coin/token. I suggest avoiding fomo, because price movements are very volatile, do your own research, and read more news about the coin/token, if your estimates are mature, that's when When you buy, you need to remember that you have to have a profit target and a loss target
Well, I think from what I see, the fomo will never go away, and there are and will still be victims of it. The only important thing is that we will no longer be among the possible things that will happen in the upcoming future. That's why trading can only bring us two things: bad and good.
If it's bad, it's because we've become negligent in trading because of greed and just got carried away by the hype or promises that the trending news said about the coins we bought, but if we know something, for sure we'll get good earnings here in cryptocurrency in the end.
My opinion is based on personal experience. Trading is highly risky, especially for beginners. I have faced losses myself. The best approach for novices is to steer clear of active trading and focus on investing and holding assets. Trading requires a deep understanding of the market and analysis; otherwise, you can quickly lose money.
Everyone start on being a beginner on which it would really be just that a normal approach that you would really be that dealing up with a very volatile market on which it would really be that always riskyeven into those old traders too and there's no exemption to that.The only difference is that when it comes to knowledge and experience then it would really be something that will really be
in huge difference and this is something that we do really need up to make ourselves that be needing to cope up when you are still a noob.
As a newbie then it would be always best that you shouldnt really be letting yourself way too confident when it comes on making profits which we know that
too much confidence would really be bringing up that many errors due to non well analysis been made.
leisure or entertainment.It is really just that not all people are really that wise on making up some choices.
My opinion is based on personal experience. Trading is highly risky, especially for beginners. I have faced losses myself. The best approach for novices is to steer clear of active trading and focus on investing and holding assets. Trading requires a deep understanding of the market and analysis; otherwise, you can quickly lose money.
Everyone start on being a beginner on which it would really be just that a normal approach that you would really be that dealing up with a very volatile market on which it would really be that always riskyeven into those old traders too and there's no exemption to that.The only difference is that when it comes to knowledge and experience then it would really be something that will really be
in huge difference and this is something that we do really need up to make ourselves that be needing to cope up when you are still a noob.
As a newbie then it would be always best that you shouldnt really be letting yourself way too confident when it comes on making profits which we know that
too much confidence would really be bringing up that many errors due to non well analysis been made.
My opinion is based on personal experience. Trading is highly risky, especially for beginners. I have faced losses myself. The best approach for novices is to steer clear of active trading and focus on investing and holding assets. Trading requires a deep understanding of the market and analysis; otherwise, you can quickly lose money.
When you talk about making profit or loss in trading it affects both the learner and expert , now this what can bring you down as an expert in trading giving yourself that confidence that you have known all about trading and that you can never get any lost of funds that were failure comes in.
Now over to the newbie, you seeing other making it out of trading doesn't not mean if a free world where you come in and do anyhow analysis and expect a profit NOPE IT'S DOESN'T WORK THAT WAY despite bitcoin is well known and famous digital currency doesn't mean other coin won't grown up that certain point, so you still have some time to learn before coming in
Now over to the newbie, you seeing other making it out of trading doesn't not mean if a free world where you come in and do anyhow analysis and expect a profit NOPE IT'S DOESN'T WORK THAT WAY despite bitcoin is well known and famous digital currency doesn't mean other coin won't grown up that certain point, so you still have some time to learn before coming in
Though am a better trader now, but I still thred with caution, the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
It's easier to be said than done, most people always think like this yet in reality some of them are losing even though they know it's always "buy low and sell high", market is not simple like that hence why you need some sort of analysis to understand the market better. If you just guess the market, then you just gamble your money without any further research.When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.
The rule of thumb about trading is if something works for them, it doesn't mean it will have the same result if you do it. Not everyone will get the same results if they trade on the same assets. 
and spot traders also have to know the reasons why they buy the coin/token. I suggest avoiding fomo, because price movements are very volatile, do your own research, and read more news about the coin/token, if your estimates are mature, that's when When you buy, you need to remember that you have to have a profit target and a loss target
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