Topic: Trading can ruin you - page 11. (Read 2037 times)

It is only when you understand that trading is not all about buying low and selling high, that you can be successful in trading. There are a lot of things that are associated with cryptocurrency trading. Apart from knowing the charts or knowing both the fundamental analysis and technical analysis. There are other things that associated with trading, such as emotion, financial management and lots more that one needs to study and get acquainted to before they will begin to make profit in cryptocurrency trading.

Those who loses all they have  in the name of trading are the ones that will say that trading ruined their life. If you should ask how, you will be surprised that these people did not know how to trade. There trading is a kind of gambling where you choose if a coin will appreciate or depreciate at a time. When you keep making these choices without some basic analysis to back up your choices, you will keep making the wrong choices and in the end you blow up your portfolio and blame it on trading. Only those who have the patience to learn how to trade make profit in the long run.

Right that's very simple logic but it makes sense. The fact is that trading just gives you the opportunity to make a few different amounts of profit, but it's not just about the profit that you can easily take, because of course I would say that as you said if they can't and don't know how to trade then it's like you're desperate to jump into the river but you know that you can't swim, and it's just like you're creating a trap for yourself. Honestly it makes no sense and is very silly if you do it in a rational mindset, but if indeed you do it because of the impetus of your mind that is not functioning healthily because it may see and be too tempted at the huge profits there I would say it is natural because lust and greed have overcome you. So the profits that you always expect will not always come to you, it is not a matter of luck as in gambling, but rather how high your knowledge is in terms of trading and only that will be able to bring you profits.

The fact is you can't catch fish if you come without a fishing rod, that much is obvious. Yes that's right, especially for beginners who have just come, they must really be able to put the right mindset and right, because usually many victims are them.

If you don’t know how to drive, then it might lead to accident, if you don’t know how to swim, then it might drown you, similarly if you don’t know how to trade, it can completely ruin you. Trading involves investment of real money, so yes we should be extremely cautious while trading. This is the reason for which many newbies are advised at first to learn about the market and coins. When you are confident and well equipped with knowledge, then do demo trades, and finally do real trades with real money.

One thing I have known is that there is always the option between loving the idea of trading and actually trading.
I wanted to trade from the onset and tried it in my own way. I lost though but not an amount too considerable.

My issue is the emotions that accompany trading and the will to sit and understand the market trends and analysis before trading. I just stick to receiving payments or concluding transactions with crypto and learn until am confident enough to delve fully into trading crypto.

Never do something if you don't know it, I think not just in trading, but for every single thing in life, especially when it comes to something so sensitive, money.

If there is someone who invites and shows the benefits of the trade he does, never believe it, because they only show when they get profits, but they will hide the failures they feel.

For beginners I do not recommend, especially if they really have no knowledge at all, it would be better if they just invest, because the risk is smaller than trading.

I have seen a lot of videos in TikTok talking about how trading could easily give you profits as they are just simple to understand. But these kind of situations is not really making it easy for people to do trade. Imagine you are inspired to trade but once you tried it, you got liquidated instantly. I mean there's nothing wrong with that since it's part of our experience for us to grow, but with that process there's literally people taking advantage of it. It might sound cool when you said you are a trader but if you can't be mentally and emotional stable in the process, plus being smart on analysis, I think you won't even survive for long, take your time to learn first and start with small amount to test things out if you're good to be a trader.

That's right, it's not uncommon for me to see some of them or even most of them who just came just bring the reason for "profit", I understand you come because you are inspired by some traders who have succeeded in this field, but do you only see their success? honestly not only that my friend, you can't if you only see in one condition, just like you come to get a lot of profit that means you also have to be able to question and understand what is there apart from big profits, and that is loss. I hope they are not too selfish by only thinking about how to make a profit, but you also have to think about the losses, because every time there is a big profit there is an even bigger risk behind it, so you have to really consider everything before it's too late and suffer a lot of losses.

The fact is true in trading I admit there is indeed a big profit opportunity there, but it's just an opportunity and it's still not certain you can get it, if you only come only for profit without thinking about how to avoid the risk then obviously not the profit you get but instead the loss continues to dominate. So in my opinion it is better to change your mindset correctly, it is not easy to be successful in trading like others you have previously seen, keep learning and be consistent.

Isn't everything we want to do required to learn all the knowledge related to what we want to do, especially jumping into the crypto market to trade.

As far as I know, those who have been involved in the world of crypto trading for a long time, they fall, fall and rise again, after they learn from the experience and knowledge they have.

Indeed, crypto trading is not as easy as we imagine, but with the desire to learn and faith, all good things will happen over time and continue to get good results.

wise and experienced traders usually only use speculative news as material for consideration. For example, a trader hears rumors from outside that the price of Bitcoin in the next 2 years will be at $100k, of course he will not consider this news to be believed, he will definitely make it a consideration and make a strategy whether you want to increase the number of assets or vice versa.  Trading is indeed a buying and selling activity that is often considered easy but in reality it is not that simple, without good skills then you are just gambling, if you really want to gamble then playing crash or dice is much better lol.

This is for sure, but most traders are only concerned about how to be profitable and don't bother to know the reason why 95% of traders lose their money, and that's your duty to learn if you are looking forward to profiting from trading. Trading is like a game and only the people who understand the game profit.

Trading is "sometimes" profitable not "most times" because experience traders also face losses more than wins sometimes. If anyone is trading without any knowledge of it, how the market works, then they are like gambling with their money.
Future market is for people who have good win rate in spot trading and want to profit more using less money then they come to futures and leverage trading.

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OP is new to this forum maybe he is a experienced trader already so stop telling him "better you know now", "thank hod you know this now", etc.

Yes, trading is not for everyone, especially if people are not willing to learn more about trading. People who want to be successful in trading will take the time to learn various kinds of knowledge about trading. They will also practice what they have learned to improve their analytical skills.

One of the things that traders often forget is the risk they cannot overcome when the risk becomes large. They don't know how to deal with the risks because they didn't learn about them. So trading is not just about buying and selling but also determining the time to trade.

If they can learn it well, they can make a profit. And don't complain if the profits are still small because we also need more experience to analyze well. The important thing is that we don't give up on being better than before.

Other than that, never try trading if you don't have any idea what is all about as this could be the reason why you hate trading which in fact, the problem is with ourselves.

Many people assume that trading can be done too easily, many people think that once they start trading they will earn a profit right away. Perhaps, it was a big mistake knowing that trading doesn't work like that and it was only profitable if we also gained enough knowledge and skills. And most of all, we don't have to assume that we can beat the volatility of the market which is why even though we have many years of trading experience, losses are still possible.

What doesn't break you can also make you some good money, that's what life has thought me because in life, if you don't risk it, you will never have the opportunity to achieve a meaningful thing in this life, you have to risk something to get something, anything without risk in it on first attempt will make you lose everything and scammed is among things that you will end up with.

You might have had terrible experience but it doesn't mean you should give up, try again but this time you should put some error/mistake checking on guide, things that made you had such experience and above all, don't forget to include risk management, without  it, you will trade but it's will always be on the verge of losing to other traders.


I wouldn't lie, doing futures without understanding spot trading is like starting a business without understanding the properties. If you learn spot trading for your some time and get all you need t qualify as a trader, doing futures will be less difficult but the risk is tough, you fear the risk of been liquidated all the time, you fear the risk of unexpected plunge of the market if you are in a long position and many more. As a newbie, I will avoid futures if I don't fully understand spot trading.

Trading or gambling doesn't ruin you, you ruin yourself because you're greedy or lack of preparation before you started doing any of them. If you don't have the knowledge on trading you shouldn't be trading. Trading needs you to have some experience on how the market moves and since you haven't traded before to have those experience, you should be learning from someone else experience at the beginning and when you start trading you gain more experience.

Lack of planning leads to the market returning you to square one like you're saying but when you plan very well and have budget you use for your capital so you don't over spend when trading, you can't lose to the market to an extend that you have to start from the beginning again.

Buy low sell high is easier said than done. We all have been there and sold the coins in panic.
We should have a strong self control to stick to our targets and stay focused because during the times of high volatility, it's hard not to sell.
Staying away from futures is mandatory for newbies though. Newbies shouldn't go for futures as long as they know what they are doing.

Everything that is done must have knowledge, this also applies to trading, especially Crypto trading which has the possibility of quick and large profits, of course there is a risk commensurate with that.
But I think it all comes down to being ready to start trading and of course if we are not ready then the trading will destroy us but don't be afraid so you don't dare to start.
I don't agree that trading is not intended for all groups because in my opinion anyone can trade as long as they have the desire to learn.

This is why people say that trading is not for everyone. Sometimes people trade just because they see other people being successful through that path, and see that trading is something easy. Without thinking about the risks, he dared to make the decision to trade without proper preparation. This sometimes makes people inappropriately choose assets to trade without doing research, or by doing research that is not in depth, so that they fall into big losses. In addition, sometimes they use their main money to trade, so when they fall, they lose everything.

Trading is always profitable if started with good knowledge and skills about it. Moreover, a trader has faced many losses in the past in order to become successful, and gradually he has become a pro at trading. Trading is not challenging for everyone, but all individuals who want to trade without knowing about trading face the most risky and challenging. I will never accept that gambling and trading are the same because they are two different things in gambling everything is lost but in trading not everything is lost but some part remains. But futures trading can definitely destroy a person, and it is possible to compare it with gambling, when a person does futures trading in the hope of high profit he has the highest risk of losing money. Of course, if you know these important things as a trader and apply them, it will be possible to make a profit. The most important trading topic, especially for newbies, they must know how to trade successfully, so they can make a profit from trading.

Both of them are destructive if you don't know how to control yourself but for newbies it is better to know spot trading first before futures because you know how trading works and will not be surprised at how fast futures trading is.

I remember before that I only knew spot trading because that is mostly what is on exchanges. We just buy a promising coin hold it for a couple of months and sell it off once the price is high. Later on I was introduced to futures trading which just got me shocked as if you hold more and the price continues to drop then for sure your money would be dead so there are things to adjust in futures trading.