Topic: Trading can ruin you - page 12. (Read 2054 times)

this one holds truth, trading despite looking simple isn't simple at all, you go against those billionaires who trades with massive capital and expect to get the upperhand? yes you can but hardly, only very few selects able to pull that off. otherwise it will just all about luck.
the one that thing they could go against the wave and came out profiting are those newbies that still haven't had any clue about how the market truly works, basically its the big guys profiting off the retailers and getting all that money in the market.
so think twice before making trading career, if you're not really cut it out to become good analyst based on fundamental analysis and technical analysis i think you will just lose your money.

Trading will give you enough money as the profit,if you are ready to inverse the money and ready to learn the trading.You should not get depressed by seeing the minor loss,even a game had both win or loss.So the trading also had their own point of loss and profit.The skill was the major part plays in the profit or loss,if the trader know enough knowledge in the trading.So he can get the profit even on the daily basis.Many day traders use to trade daily and get the minor profit in the trading to gain huge profit In long run.

Trading could really be put you up on the verge on getting wrecked completely if we do speak about finances knowing that you are really that risking out your money to be traded on which it does really have that

chance for you to get wrecked if you do really make out some bad decisions towards your trading and this is something that you should really be avoiding in the first place on which you would really be that
be able to encounter but we do know that its never been easy on dealing up with trading. You might be able to apply analysis or whatever method you would really be able to do but on the time
that you would really be to experience up those conditions on which its already that putting you up on a tough condition on which it would really be causing on boggling up your mind.

Futures? Its considered to be a gambling i should say and even some people do say that its not but the risks involved with high leverage trades isnt really that something
that you could really be make joke with.

Although trading and being successful is based on experience unfortunately it can cause the individual to lose money under any circumstances. In particular, if this loss is equal to the entire capital amount, occurs with borrowed money, or is of a very serious amount it causes the person to be completely absolved. For this reason, we should control ourselves well while trading and the necessary trigger orders should be entered after the necessary analysis and research is carried out for each transaction. Especially when trading with spot balance controlling a person's psychology is at least as important as technical analysis because a person's psychology is a very important factor to continue trading activities.

Another important factor is that especially inexperienced individuals who are new to trading gain experience by analyzing all their transactions well during this process because the experience and psychology to be gained in this process play an important role in ensuring its continuity. Losing money without gaining any experience will affect the person financially and earning money without gaining any experience will cause the person to sink into the swamp. I would like to finish my comment by adding this quote which I love especially for friends who have just started trading;

''The worst thing that can happen to you in the financial markets is to make money on your first trade. The second thing is to make money again and the worse thing is to make money for the third time.”

This saying means that after an inexperienced person makes a profit by trading without losing money repeatedly he/she will lose more money while trading as he will have the perception of "I have succeeded, this success will continue."

Atleast you understand the true meaning of futures market. Futures trading can drive a trader completely insane, ruining him financially and emotionally. If a trader takes some time to research the market and trade a coin then it is possible to get good results out of that trade, but it requires patience because even if you are down 20% in the spot market there is a chance of market recovery from here, so in this case time is needed.

So if a trader really wants to trade and he is not a pro level trader, then the best decision is to avoid futures, margin trading, otherwise he will ruin his life by facing losses.

If you just buy and hold til the bull run, you will have nothing to worry about since your plan is just to sell at the right price.

But if you are doing futures trading, that's when you get into trouble for there is no amount of experience that can guarantee you from losing. Remember that BTC market these days is very unpredictable. In a day you may see the price increase by 3%, the next day you'll see -5%.  Ruins your plan to get rich indeed.

I just wish everyone who enters the world of trading have similar point of view because people just jump into trading without much knowledge as if it's a cash cow as trading can be profitable with proper analysis and patience but if you do it randomly then it can send you into depression once your funds are struck as it has happened with me in the past because you will be glued to the graphs especially in case of futures trading. It's better to know the basics first and have a SOP or plan about entry and exit points before getting into it.

It is good that you are aware of the risk involved in the trading and also advise the newbies or the beginners. Look trading would not give you a passive income if you are coming for it then I suggest going somewhere else because In trading up and down occurs sometimes time you will gain a lot of money but sometimes you will lose it. It requires patience and tolerance for losing funds. If you have no knowledge and experience then trading is gambling for you. Before coming to gambling it is need to be well knowledgeable and have some experience in it. Follow the strategy of buying and holding and when the price up sell it for the bull run also use DCA which also gives more benefits to you in trading. 

Your last sentence is something newbie traders need to read over and over again, it does not matter how good they think they are or how high their talent for trading is, at some point they will experiment losses, there is no way around it and they need to be prepared when that happens, as most of the stories you can read about good traders losing everything started with a bad trade they made, and instead of simply accepting it and moving on they refused to accept their losses and this only made their mistake bigger and bigger, until all their capital ran out.

Even if you have such a person, and he repeats the same rules to you many times, you will try to break them at some point. The reason is that you will doubt that these rules will work the same for everyone, and perhaps it will work differently for you.

This way you will gain experience in trading, and in the end everything will depend only on you, if you can develop a strategy for yourself that will bring you money, you will do it, if not, then you will leave trading.

I believe that if you develop your own list of rules and your strategy and stick to them, then trading will not cause you any trouble.

Haha.. I have seen one of the other topics you've created.. trade only Bitcoin and I did present my view on it as far as I think I tried my explain everything but I think you haven't read my reply as well I think OP is just creating topics He's mostly ignoring the feedbacks. Anyway, whoever is reading we are happy to discuss further.

Trading can make you a millionaire if you are a Billionaire haha, Passing all the boundaries overnight to read the goal through any other shortcut is not possible except for getting married to a Millionaire's daughter, there as well you need to have a bundle of luck. So my suggestion for those who are in psychology of being a millionaire overnight buddy is you should take sleeping pills to fulfill your dreams because reality demands sacrifice, consistency, and discipline.

Trading is not a fully destructive field it is really rewarding for those who stay consistent and dedicate their full time, because here the profit you make is from the loss of others. You need to play smart with others.

Trading is profitable if you understand it.  If a new member gets involved in trading without understanding, he can face losses. And for beginners, it is right to trade in bitcoin.  There are a lot of risks in alt coin. Many experienced people are afraid of alt coin because it can lead to losing everything.  After knowing about bitcoin you should think about trading.  When to hold and when to sell should have enough idea. In addition, the bull run is coming. The trader should know about the bull run now. The bull run is a golden opportunity for all traders.

I agree with you. If a person has someone who trades more than you and has experience, then he will save you a lot of time, money and nerves. If you listen to him of course. It has been very well noted that a person with a strategy can be more successful than a person without a strategy but with experience.
But it’s worth remembering, no matter what strategy you have, no matter how much experience you have, nothing will insure you against losing money, which will definitely happen.

Beginners who don't know anything about trading either spot or futures will never be advised to start trading. the result is the perception that trading is tantamount to gambling. those who are experienced will not equate the two.

beginners will be advised to spot trade, and the best asset to choose is Bitcoin. There's nothing wrong with other assets, but do it when you have enough basic analytical skills for trading.

Very good advice. It’s not often that you hear about a person’s experience that can save someone money, time and nerves. Very good advice about futures. When I started learning about crypto trading and I asked my good friend about futures, he replied that futures are where you will lose your money and until you study this concept and gain experience, don’t go there. Good advice, thanks for the article

Most of the novice traders took losses in trading due to their greed and emotion. If your knowledge and experience are not sufficient for trading then you will learn it the hard way by taking losses, but you will learn it anyway. On the other hand if you cannot control your emotions and greed no matter how experienced you are it will have disastrous results.

You need to be physiologically strong and need to have a strategy for your trade so that no matter what happens to the market you will stick to the plan.

You know trading can only ruin us if you are careless in your trading activity. Especially if all you're basing it on is guesswork from reading the chart, when in reality you can't really read a chart on a graph.

But if you have a deep understanding of trading so that you know the direction it is going, it is certain that trading will not ruin you; rather, trading can give you a good profit because what you are doing is right.

Anything we do without caution or bearing can ruine us, this is not what only applies to trading alone, when we are taking trade on any position, we should understand the pros and cons in doing so, also, it is expected that we use the value of money we can afford to loose or risk for that particular trade, however, this should not be misunderstood for gambling, each time we trade and looses, then we should retrace back our steps and know the challenges that are causing the low performance of our trading each time we enroll on any.

I disagree with this last statement of yours.

I mean, every single professional traders started as newbies, you would never grow any knowledge if you're not going to try your skills when it comes to trading. It is risky, yes, but it is important to get out of your comfort zone to figure out what's waiting for you in trading. I'd rather try it first than to regret it my whole life asking what ifs.

The fact that it's not just a matter of buying, holding, and selling what's on the rise doesn't mean it's the easiest option when you don't know that the cryptocurrency you're buying has no value. What I mean by buying is that you need to consider many things, whether when you buy the coin it will have a good future or even after you buy the coin you have no hope of it going up in the future. Therefore, before buying, consider top coins such as Bitcoin and ETH, as top coins can have more long-term prospects.

What is meant by crushing like gambling is a trader who is mostly active in junk coins, gambles with his money as if it will pump 1000x but gets cheated.

Whether a beginner or expert trader, what must be paid attention to is understanding what he is buying.