Trading can ruin you - page 2. | Bitcointalksearch.org

redsun114

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Quote from: Bravut on February 16, 2024, 09:25:21 AM

Trading isn't for the novice,but I do advice we rather provide solution on how newbies should go about trading the futures market than shying them away from it.
If one has the proper knowledge about trading I don't think that person will experience the shit trading put some of us through. Trading isn't complicated as we profess it to be, it's just a game were you know and practice the rules that follow and having your edge.
Why trading get to ruin most person,it also elevate most people,why; because the later know and have a skillful knowledge of what the other don't know.

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.

Even though one has a proper knowledge in trading, shit won't still be avoided sometimes. It's either about the unpredictable market or there are factors that affects us personally. Indeed that if trading can ruin someone, it also elevates someone, so we shouldn't be biased and say that one must avoid trading.

Solidized

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How do you mean please
Explain to me

EarnOnVictor

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Quote from: kenpachiofficial on February 18, 2024, 07:13:03 AM

Crypto trading in general has the tendency of making one feel miserable, why? Many people just hear that "oh, this coin is low priced and has potential, let me buy and sell in a couple of months or so". That's the beginning of failure, you don't just see something new and then just jump straight into it without proper observation and understanding. Trading is very profitable, but not everyone can profit from it as not everyone is ready to sit back and learn about it before involving themselves in it.

I don't see it your way, except the person is not fully informed about crypto investment, especially in Bitcoin. Since my many years of trading and investment, there is no other asset that I respect like cryptocurrency when it comes to the ease of purchasing it and earning through it. You just need a little information about it and you will continue to smile to your wallet if you are wise and smart in applying what you know. Well, this is valid for the investment part of it, but for trading, though it is still easier for me than many other assets traded, still, trading will remain riskier and we have to be careful about it.

I always advise people who are not so rigid in trading to opt for the investment part of it. After all, it will ease the tension and risk involved, and earn for them depending on how good they are at it.

edy_58

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Quote from: kenpachiofficial on February 18, 2024, 07:13:03 AM

Crypto trading in general has the tendency of making one feel miserable, why? Many people just hear that "oh, this coin is low priced and has potential, let me buy and sell in a couple of months or so". That's the beginning of failure, you don't just see something new and then just jump straight into it without proper observation and understanding. Trading is very profitable, but not everyone can profit from it as not everyone is ready to sit back and learn about it before involving themselves in it.

If we buy a coin just based on people buying it then there will be a possibility that we will make a profit and also a loss, so it would be better if we don't understand it well, study trading first so that we don't just follow what other people say but buy it based on what we already know. We understand it well, because if we understand it well then we can be sure we can make a profit in trading.

Yes, it is true that not everyone can make a profit in trading. It requires good knowledge about trading and also a lot of experience to be able to make a profit and we must continue to learn about trading even though we have succeeded in enjoying the profits from the trading that we have done.

kenpachiofficial

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Crypto trading in general has the tendency of making one feel miserable, why? Many people just hear that "oh, this coin is low priced and has potential, let me buy and sell in a couple of months or so". That's the beginning of failure, you don't just see something new and then just jump straight into it without proper observation and understanding. Trading is very profitable, but not everyone can profit from it as not everyone is ready to sit back and learn about it before involving themselves in it.

irhact

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Quote from: Sorryfor on February 16, 2024, 10:59:23 PM

While trading may be profitable for some time, it may also lead to loss later. We know that trading is not so easy and only wise people can profit in this business but those who are new people face loss most of the time.

No wise individuals that can make profit from trading, only the individuals that learn how to trade properly before they started trading that can make profits. The individuals that are disciplined and trading with a plan and budget that can make profits, many individual aren't disciplined. They just want to make quick money that's why they're trading and this type of individual end up wasting all their money. Trading is risky as it can ruin you but you can become successful with the right steps.

Don't over trade and you won't be losing too many money when you lose the trades. Having some trades in a week is better than trading everyday or more than one time a day, you're exposing yourself to more losses as you trade in that type of way. The same cryptocurrency market that makes profits for some individuals also give losses for others so it depends on your discipline to be among those winning.

Julien_Olynpic

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Trading is a high-risk activity that could result in you losing a significant portion of your funds, or you could even lose all of your funds. But most often we are not talking about the loss of your funds in a literal sense, but about a catastrophic loss in the value of those assets that you bought for your portfolio. This is probably the most common situation among traders. This usually happens when a trader does not think enough about his risk management. I believe that a trader becomes advanced only when he begins to think about risk management. Many beginners don't even know what it is.

BD Technical

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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 you talk about binary trade in trading, not gambling, then I will say that you are right because binary trade can make you a rich man and a fakir in a moment. If you are greedy once then you will lose for sure. But if you are professional and if you are expart then chances of losing is very less but I say you don't play so much loss or profit like binary trade which is determined in short period of time. If you want, you can buy tokens on Binance or other top exchanges like that. Then the percentage of loss will be very less if not all profit.

Sorryfor

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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 may be profitable for some time, it may also lead to loss later. We know that trading is not so easy and only wise people can profit in this business but those who are new people face loss most of the time. Gambling and trading are different things but one thing they have in common is ruining a person because when you are addicted to gambling you will surely go to ruin. Just like when you start trading you will definitely have a lot of attraction towards trading and gradually you will face losses and one time your money will be like ruin so don't start trading until you gain knowledge.

Tipeform$

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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 profitable only for those who have acquired enough knowledge about the trading platform and have adopted all the strategies of the trading platform. If a trader can stick to trading with good coins like bitcoin ethereum then I think he will not be defeated very easily but must have spot trading platform when not going to futures trading platform. If he is in spot trading platform, even if he suffers later or is in loss, he will have a chance to recover his loss at some point and if he goes to future trading platform, he will never be able to recover his loss. So advice for every new traders that one should not come into trading without gaining knowledge about trading strategy and trading because it is not easy to make money from trading making money from trading is very difficult.

nurilham

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Quote from: Bitcoinpoly on November 29, 2023, 08:36:09 AM

Trading is good but you just need to need to have a good understanding of how trading works, best you opt in for copy trading, few exchanges like Bitget has such features, you can try it out.

You're right. Basically, trading is good for everyone if we can understand how to trade properly. The first thing we must to do is to learn carefully about trading, then we can understand ourselves about how to trade in the right way. If we have enough knowledge, I think it won't be so difficult to know the potential way for earning money with trading.

Well, I think it depends on the individual to choose the strategy. Copy trading may be not suitable for each person. I think whatever the strategy is okay as long as it is suitable with your trading style.

Lukmanfirdaus1

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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...~~snip~~

but a unique fact that I found outside is that trading beginners usually make big profits the first time they trade. they call it beginner's luck. I don't know if you found it too or if you have experienced it yourself. I myself have experienced this when in 2020 I started trying to trade with capital of $30 in altcoins, in 1 year that $30 became $6000 then lost to $3000, luckily I withdrew all the $3000. Until now I have never found that moment again.

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.

Now it's funny for me, I used to trade, but now if my friends want to learn about trading, I advise them not to trade because the risk is very high, I even suggest that they buy Bitcoin and hold it for the long term instead of trading.

Bravut

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Trading isn't for the novice,but I do advice we rather provide solution on how newbies should go about trading the futures market than shying them away from it.
If one has the proper knowledge about trading I don't think that person will experience the shit trading put some of us through. Trading isn't complicated as we profess it to be, it's just a game were you know and practice the rules that follow and having your edge.
Why trading get to ruin most person,it also elevate most people,why; because the later know and have a skillful knowledge of what the other don't know.

borovichok

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Quote from: Bitcoinpoly on November 29, 2023, 08:38:57 AM

Newbies shouldn’t go near futures trading until they’ve good understanding of the volatile market. Best they can go for copy trading as I’ve advised a user earlier.

Future and spot trading are easy to know, just follow and work with the right team. We advised and also listen to chitchat gathered from experienced traders who just want the progress of everyone in the system. We don't have time to keep high ego, rather I mellow down to becoming very humble and takes crucial steps in doing whatever activities that circulates our ground. Newbies who have no clue about the market should simply follow the pro traders to measure up the copy or trading with signals, this will served as great help to them in exploring in the market.

MFahad

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Quote from: Bushdark on November 29, 2023, 01:24:28 PM

Trading is a good way for us to make profits for ourselves but the difficult aspect can be tedious if we don't have enough information to back our trading strategy. Those that do make profits from the market are mostly always getting information ahead of others and they are quick in making the right decisions. Just like in pump and dump method of trading and making profits from the market.
Improving our skills as a trader too can help us achieve more profits while doing the same thing others are doing.

Information about trading is compulsory therefore one should not think that if he enter the crypto trading without information regarding trading then he will win all the times. Those who learned from their mistakes and try to reduce their mistake can do better in future and those who don't learn but without information try again and again to earn his lost cash back can never achieve his goals.

With information you can decide well but if someone is not capable to decide then he just wish to earn without learning which is impossible. Trading is not a game which you will play to earn but it is a process in which only those can get advantage who are knowledgeable about trading.

Bushdark

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Quote from: Bitcoinpoly on November 29, 2023, 08:36:09 AM

Quote from: edmundduke on September 29, 2023, 06:55:01 AM

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

Trading is most times profitable and sometimes challenging to traders

I agree with what you said but i will make a point on the first part of what you said. In fact 95-99% of all traders loose money. A extremely small % of traders make money. So it would instead be: Trading is usually not profitable and always challenging.
Its a 0 sum game out there and most of the people joining in have no idea what they are doing. Its as bad a sgambling if not worse.

Trading is good but you just need to need to have a good understanding of how trading works, best you opt in for copy trading, few exchanges like Bitget has such features, you can try it out.

Trading is a good way for us to make profits for ourselves but the difficult aspect can be tedious if we don't have enough information to back our trading strategy. Those that do make profits from the market are mostly always getting information ahead of others and they are quick in making the right decisions. Just like in pump and dump method of trading and making profits from the market.
Improving our skills as a trader too can help us achieve more profits while doing the same thing others are doing.

Bitcoinpoly

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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.

Newbies shouldn’t go near futures trading until they’ve good understanding of the volatile market. Best they can go for copy trading as I’ve advised a user earlier.

Bitcoinpoly

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Quote from: edmundduke on September 29, 2023, 06:55:01 AM

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

Trading is most times profitable and sometimes challenging to traders

I agree with what you said but i will make a point on the first part of what you said. In fact 95-99% of all traders loose money. A extremely small % of traders make money. So it would instead be: Trading is usually not profitable and always challenging.
Its a 0 sum game out there and most of the people joining in have no idea what they are doing. Its as bad a sgambling if not worse.

Trading is good but you just need to need to have a good understanding of how trading works, best you opt in for copy trading, few exchanges like Bitget has such features, you can try it out.

kawetsriyanto

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Quote from: JoyMarsha on November 25, 2023, 12:50:25 PM

A newbie going into trading without the knowledge of it, what is he thinking of or who does he want to impress at the first instance? That's what he should be asked before giving him any advice.
A normal human being can't think of starting up something he or she has less knowledge of, not to mention trading which requires someone having the knowledge and expertise in it.

Not all newbies trade with no knowledge. Some newbies learn everything first before they start trading. Newbies who force to trade with no knowledge, they probably don't understand the right way in trading. They don't know the risks, they don't understand how difficult to trade with no knowledge. I think those who trade with no knowledge, they just guess they way and gamble their coins.

Yep, normally people need to understand first everything before they start to do something. Newbies must know how to trade properly, how to choose the right coins, what the best strategies to apply, and when the right time to buy-sell the coins. At least, they need to know these basic things first before they try to trade certain coins. And they may use demo trading to understand the way for trading.

sotelorene

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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 thank God you know that trading can ruin someone's life and i hope you also know that it can change someone's life. I want you to know that almost everything in this life is risk if not all and if I may ask, why did you say Newbie should stay off future trade or market, maybe you are thinking those people with higher position here are expert in trading. Sorry to disappoint you most Newbie can bit most full member, snr member etc hands down on trading. Don't underestimate people because they haven't gotten to the point yet, you can be a full member, snr member etc writing good article but that doesn't mean you are good in trading. I put it to you that some Newbie can do better than you in trading because they have better strategies.
Hope you also know that the so called experience traders also make losses in future market.

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