Trading can ruin you - page 13. | Bitcointalksearch.org

CODE200

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Quote from: Kara3 on September 28, 2023, 04:47:27 PM

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.

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 not as easy as other people think. And yes, trading can ruin us if we are not equipped with proper knowledge and skills. There are a lot of things that you need to consider when you wanted to start trading. You should start doing some research and study about it so you can have better grasp on what trading really is. Because from my experience, trading is not a newbie friendly and so major losses are expected if you are just a beginner and only have little experience. Another thing is that before you venture into trading, you should be financially prepared because it's either you loss or gain from it, and it's better to prepare yourself in worse case scenarios. Additionally, you must make sure that the money you will use in trading will not affect your allocated funds for more important things because this is where major problems arise. I mean we do not want to be in debt, right? so you have to use a separate funding for it to avoid such. Lastly, have your exit plan because this would help you in the long run.

Dickiy

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Quote from: gunhell16 on September 30, 2023, 04:11:35 AM

Quote from: Kara3 on September 28, 2023, 04:47:27 PM

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.

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.

Well, at least at this point, you said that you know that futures trading is not possible for those who do not know how to read analysis charts and graphs. Just keep doing your research and learning about crypto trading. As long as you persevere, you will achieve what you want to know here. It doesn't matter how slow you are, as long as the important thing is that there is growth from you in terms of knowledge.

Because if you don't really know or have any idea about trading, don't expect that the capital you use here will grow. It's no different than going into a war where you don't even have a weapon to fight the enemy. It seems to be the same with crypto trading.

Quite reasonable, it is true, especially for beginners who have just come, it is better for them not to enter the futures trading strategy first, because of course in terms of knowledge and knowledge they are still very low and it is very unlikely for them to do futures trading as we discuss this. Of course it will be very difficult, and if they insist then it is nothing more than guessing without any knowledge and for the chance of experiencing losses will definitely be even greater. Therefore, it is true that it is better for them to learn first, do not be too ambitious to get big profits, after all, if they really want to study harder, they will one day be able to be in a position of big profits even consistently but with a note that you must always be willing to learn and improve your knowledge, nothing is impossible and stay careful.

I think they will also understand and know what to do, remember here there is indeed a great opportunity for profit but that does not mean we have to forget the big risks too. So from now on you have to be more enthusiastic about learning and prepare your best plan, don't be careless by coming with strong intentions but not bringing any fishing gear to bring that profit.

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Quote from: Kara3 on September 28, 2023, 04:47:27 PM

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

The only trading is Spot trading. Anything other than spot is a gamble. Not going into word jugglery, futures, leverage and anything all come under the second group. If you wish to make money on buy low and sell high, do spot.

I dont agree with
1. Trading is profitable - it can be, but not for everyone. Very niche number of traders actually profit.
2. Newbies cannot win big - they can if they catch these early on and trade on the correct coin at the correct time.

So looking forward, stick to spot trading on bitcoin on long term. That is the safest method of trading.

Learn Bitcoin

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Quote from: Kara3 on September 28, 2023, 04:47:27 PM

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.

Future trading is more like gambling because you must act quickly according to the market movement. Even if newbies start future trading, they should not take more than 5x leverage, while pro traders take a lot of risks, like 20x. Utilizing stop loss and take profit is also essential for newbie traders as these features minimize the chance of loss.

However, I do not suggest anyone to start future trading. Even if they are veteran traders, I still suggest avoiding future trade. It's better to buy coins and hold it until you get your desired price to take the profit.

avp2306

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Quote from: Kara3 on September 28, 2023, 04:47:27 PM

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.

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.

If they don't have good knowledge to start its better that they should not trade any coins in the market. Much better if they start using those sites which offer demo trading so they can learn something before trying to risk their money on this activity. We need to gain a lot of knowledge because if we make all fast since we immediately want to earn for sure we will just experience heavy lose from this.

Much better for us to take all slow and try to research all important information that need to consider before we start so that we will not expect huge on the coins we are trying to trade. Aside from capital we need to be prepared and have knowledge about basic fundamentals and how manipulators used the hype for their own gains so that we can possibly earn from our executed trades.

AnonBitCoiner

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Quote from: Kara3 on September 28, 2023, 04:47:27 PM

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.

Holding is good start for newbies and the mean time newbie should learn the difference changes in the market and how to trade with according to market. I will recommend to use small fund for spot trading and trade only btc and other big marketcap coins where volatility is low. This start will gives newbie to learn many new things and then enter to the real trading.

Quote

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.

I think the best trader could also loss If necessary precautions step doesn't take because market is unpredictable and one big rise or drop opposite to the trade could ruin our portfolio. experience traders profit rate us high the newbie but future trading is very complex and work only market condition remain normal. In the sudden change in the market because of any news or other factor ,experience traders strategies will also don't allign with market movement.

gunhell16

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Quote from: Kara3 on September 28, 2023, 04:47:27 PM

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.

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.

Well, at least at this point, you said that you know that futures trading is not possible for those who do not know how to read analysis charts and graphs. Just keep doing your research and learning about crypto trading. As long as you persevere, you will achieve what you want to know here. It doesn't matter how slow you are, as long as the important thing is that there is growth from you in terms of knowledge.

Because if you don't really know or have any idea about trading, don't expect that the capital you use here will grow. It's no different than going into a war where you don't even have a weapon to fight the enemy. It seems to be the same with crypto trading.

Hypnosis00

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That is why we should learn trading first using demo accounts or get someone to teach us before starting otherwise, we are just like gambling. Trading is profitable indeed if we are really good at this but yes, can ruin our finances if we underestimate it. Many people tried this and ended up failing because of some reason. We can't just take this because someone told us that trading is easy and profitable, we also must know ourselves if we are capable enough to do this, or else, we can be like those many traders who tried and lost their money.

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Quote from: Kara3 on September 28, 2023, 04:47:27 PM

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.

While trading, it is important to proceed with caution, as the chances of losing money are more than earning, and most traders lose a significant amount of money. They will continue trading in the hope that at some point, they will make a profit. Most people lose money in future trading, in spot trading, the chances of losing money are less, and so does the profit margin.

Quote

the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.

This is the ultimate advice for all investors, "buy low and sell high." But newbies usually don't have patience and want to earn more in a limited time frame.

Quote

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Newcomers usually don't follow the advice and still put their money in future trading until they lose their money. They don't realise how valuable this advice/suggestion is.

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Quote from: Japinat on September 29, 2023, 04:20:44 PM

Newbies are not actually supposed to trade because they lack the knowledge and skills required to trade but that's not what happening nowadays. In fact, most of these newbies suicide to enter trading because of their hunger of profits, not realizing that while trading can be the best source of massive profits, it could also be the easiest way to get you mocked in trading. Good thing OP you know your place when it comes to trading.

Most beginners might think that by trading they can make more profits in a simple way in this field, buying and selling when they make a profit.
In fact, beginners lose a lot in trading because they are impatient and don't want to wait until their profit target can be achieved. Apart from that, many beginners are frustrated and not used to dealing with bear markets

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Quote from: Kara3 on September 28, 2023, 04:47:27 PM

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.

Trading requires good knowledge, it is always too risky for people who trade without proper knowledge.
I also have a bad experience in trading. At that time, I think it was easy to trade shitcoins but it actually was most difficult coins to trade. I lost few hundred dollars, I got a lesson to never trade any random coins. I realize to do that mistake because I still has lack knowledge about how shitcoins works.

Quote from: Kara3 on September 28, 2023, 04:47:27 PM

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.

Every trade both experienced and beginner, knows this. Selling time is when the price increases.
However, it always won't be easy to predict when the price increases. To have a good ability in predicting the pump/dump, it requires technical and fundamental analysis.

Quote from: Kara3 on September 28, 2023, 04:47:27 PM

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Trading future is almost the same as gambling. I never tried trading future although I already trade many years. Not only newbies, even experienced traders may not join it because it is too risky. If you want a safer trading, you are better to choose spot trading.

jeraldskie11

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Quote from: goaldigger on September 29, 2023, 04:48:25 PM

Quote from: Johnyz on September 29, 2023, 04:28:42 PM

Quote from: Japinat on September 29, 2023, 04:20:44 PM

Newbies are not actually supposed to trade because they lack the knowledge and skills required to trade but that's not what happening nowadays. In fact, most of these newbies suicide to enter trading because of their hunger of profits, not realizing that while trading can be the best source of massive profits, it could also be the easiest way to get you mocked in trading. Good thing OP you know your place when it comes to trading.

They are more prone to losses than to make money so I agree that newbies should not trade yet and they should undergo first with trainings and understanding the market. Trading is too risky and even if you are already good you can’t still escape the losing streak so for all the newbies, there is no need to rush in the market you just have to take this slowly but surely and when you are already ok, you can start trading using your own strategy.

Being too emotional in trading is not ok, because you should trade based on your own strategy and not based on your emotion, newbies are being more emotional here. If you have the reason to take trading seriously then its better though of course newbies can still trade since its part of the learning process but its better if they will trade small first and just increase it once they already have the experience and knowledge about trading.

When you trade, it always involved an emotion because it includes money in it. So it's normal to have an emotion if you trade. But if we trade and let our emotion decide on our trade, it will ruin our funds and sometimes we didn't notice that our emotion is in-controlled. So in order to learn how to manage our emotion, you have to be disciplined person and it's better to read some trading books such as "Trading In The Zone" and "Atomic Habits".

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Quote from: Kara3 on September 28, 2023, 04:47:27 PM

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.

That's what trading is like. Trading has two sides, where one side can make you make money and the other side, on the contrary, makes you lose money. How you get it will depend on how you prepare and do it. Trading, every time we talk about this, we definitely understand that trading is very high risk. So, don't just think about the money you will make from trading, but also think about the risks that could ruin you. This is not to scare you but to make you more alert and careful so you can prepare yourself better. Seek knowledge first about trading knowledge and understand it, and prepare everything carefully, both financially and emotionally. This will be much better than just being reckless.

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Quote from: Johnyz on September 29, 2023, 04:28:42 PM

Quote from: Japinat on September 29, 2023, 04:20:44 PM

Newbies are not actually supposed to trade because they lack the knowledge and skills required to trade but that's not what happening nowadays. In fact, most of these newbies suicide to enter trading because of their hunger of profits, not realizing that while trading can be the best source of massive profits, it could also be the easiest way to get you mocked in trading. Good thing OP you know your place when it comes to trading.

They are more prone to losses than to make money so I agree that newbies should not trade yet and they should undergo first with trainings and understanding the market. Trading is too risky and even if you are already good you can’t still escape the losing streak so for all the newbies, there is no need to rush in the market you just have to take this slowly but surely and when you are already ok, you can start trading using your own strategy.

Being too emotional in trading is not ok, because you should trade based on your own strategy and not based on your emotion, newbies are being more emotional here. If you have the reason to take trading seriously then its better though of course newbies can still trade since its part of the learning process but its better if they will trade small first and just increase it once they already have the experience and knowledge about trading.

Johnyz

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Quote from: Japinat on September 29, 2023, 04:20:44 PM

Newbies are not actually supposed to trade because they lack the knowledge and skills required to trade but that's not what happening nowadays. In fact, most of these newbies suicide to enter trading because of their hunger of profits, not realizing that while trading can be the best source of massive profits, it could also be the easiest way to get you mocked in trading. Good thing OP you know your place when it comes to trading.

They are more prone to losses than to make money so I agree that newbies should not trade yet and they should undergo first with trainings and understanding the market. Trading is too risky and even if you are already good you can’t still escape the losing streak so for all the newbies, there is no need to rush in the market you just have to take this slowly but surely and when you are already ok, you can start trading using your own strategy.

Japinat

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Newbies are not actually supposed to trade because they lack the knowledge and skills required to trade but that's not what happening nowadays. In fact, most of these newbies suicide to enter trading because of their hunger of profits, not realizing that while trading can be the best source of massive profits, it could also be the easiest way to get you mocked in trading. Good thing OP you know your place when it comes to trading.

lionheart78

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In trading, it just needs a couple of bad decisions to ruin a person's finances. Like shorting trades in hopes of buying at a lower price but the market skyrocketed leaving a trader in shock and is forced to re-enter at a higher price, then all of a sudden the market collapsed. There is indeed a risk of ruin in trading and if someone wants a good read about it and wants some tips on how to avoid it, you can check this link: https://www.quantifiedstrategies.com/risk-of-ruin-in-trading/

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Quote from: Kara3 on September 28, 2023, 04:47:27 PM

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.

-snip-

Trading is very often profitable. That is not true.
The advice has to be repeated many times that trading without knowing the loopholes will result in losses. I think no one would be willing to trade as soon as possible if trading methods and strategies did not exist. No matter how stupid a person is, they don't want to experience an incident that could lose them money.

If trading can destroy many people if they don't know how, teach them totally what they should do in learning how to trade so that they have a bad experience by providing free or paid training for beginners in the field of trading in your area because by just saying it in writing like here, that's not all. understand reading well because of language constraints.

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Quote from: Kara3 on September 28, 2023, 04:47:27 PM

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 experiences while trading and I discovered that it can return you to square one in terms of your finances if precautions are not taken.

Though am a better trader now, I still tread with caution, the best way for a 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 markets, newbies should stay off because it's for experienced 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 off trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Remember not only you are trading the crypto market, but everyone trading it is looking for those who will make mistakes so that can make a profit. Even when you know your technical analysis or fundamental analysis you can still be at a loss in trading if you don't adopt a trading strategy that will kill your greed and protect you in the crypto market by making you take a profit in trading anytime you see profits.

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Quote from: Kara3 on September 28, 2023, 04:47:27 PM

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.

No matter how much this is said and re-said, some people will still like to have their own experience. They will never take your word for it and have the believe that you are only saying so because you were not lucky enough when you started trading. This is the same thing as when you explain to someone who has never gambled that you barely win your bets, some look at you, and the thought that runs through the head of some of them is that, if it were them, they could never be that unlucky, so some people interested in trading and new to it never really take the warning of being sure before they start live trading with money as important, because some believe that they are lucky enough to not start loosing when they start trading.

Luck has little to do with trading when compared to the required skills. You cannot be too lucky to start trading without skills and make profit from just luck alone, the skill is the first essential ingredient.

Topic: Trading can ruin you - page 13. (Read 2054 times)