Trading have concepts | Bitcointalksearch.org

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Quote from: serjent05 on April 15, 2023, 06:43:16 PM

Quote from: Onyeeze on April 08, 2023, 07:59:24 AM

I tried to figure out that in trading the concept are not only in one aspect but it's base on your description of understanding trading, many more follows people methods of trading to arrive to same point, one thing I noticed in trading is that it's a skill that every one is up to have base on it discovery step to make it own profits. And I trading some of us causes the problem that arises during course of lost, greediness and anticipation of making more profit is the major caused of losing in trading. Three days ago I was with friends where we are blaming each other because of mistakes, we contributed money to invest into crude oil business, the first supply of crude oil the company we supply to, we made a good profit and second supply we made a higher profit, for second supply I suggested that we should remove our capitals and move on with our profit we made, but two of my friends insisted that we are going to buy more of the products with all the money I agreed with them for the third supply, on our way going we were diverted by hoodlums and chased out on the vehicle, till date we don't were products is. Its when my friend's realize that greediness is a disease and its a higher risky.

It is obvious that trading has concepts. There are even rules and factors to consider in trading. There is also knowledge and discipline to take when engaging in trading. This alone can obviously tell us the concept about trading.

Trading isn't like gambling where you guess and put your bet and you are ok waiting to either win or lose. Trading needs learning, a grasp of different concepts in order to maximize profit. There is also these tecnical and fundamental analysis that has lots of concepts to offer.

Trading is not only the attitude and traits to follow but also follows learnings and adaptability of the decision a person should do in case of a different situations in hand.

The concepts and everything that has to do with the theory in trading is already a matter of seeing what they want to become familiar with, be it one theory or the other, as far as I am concerned it is that I have always used Wyckoff's theory, something of Livermore's teachings and also with other theories, but I have something to lean on, however concepts as such do not exist for me, everyone interprets trading according to what they learn, what they read or what they learn in certain academies or what they that they learn as their own method, but concept, the word concept is something general and I think that instead of concept what exists are specifications.

suzanne5223

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I often see people talking about greed and the buzz of getting a profit in cryptocurrency trading. What major people understand but seem to ignore is that every crypto trading provides more knowledge with new understanding because the market has totally changed from 3-5 years ago. This is I believe is what trigger the buzz of chasing after profit we often see in today's market.

blue Snow

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Quote from: Oceat on April 19, 2023, 05:59:12 PM

Anyway, trading is just basically buying low and selling high in order to get the profit.

Yes, true. Trading is based on what people do on market thousands of years ago. The analysis and method are always the same, but for now, it's getting more sophisticated than before because many tools and technics we can learn and search on the internet so that easy we can prediction and calculate what the price will be. I just remember a couple of years ago while I was still a newbie and learn the steps to trading, I even lost a lot of money just learning how crypto trading works, which means, besides the knowledge, the trader must have experience which is most important than all.

Fivestar4everMVP

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First, I would like to say sorry for your loss in your crude oil business, without the hoodlums intercepting you guys and catering away with the product, I believe you guys would have made a killing from that business, but anyways, it's one of those experiences, and I hope you guys recover all your losses somehow.

Greed is indeed a menace that if not dealt with properly, would destroy alot of things, most especially, for those who trade In the financial market, it is also a major reason for several loses in gambling as well, greed and pride go hand in hand, they are one of the destroyers of men and their businesses.

shinratensei_

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greedines has always been the reason so many people out there losing money instead of having some good profits and good time, there's always time when you need to cash out your investment when the value of your investment already high enough waiting for the next cycle of investment, but some greedy people will instead wait it out until it got to its starting point again which is massive waste of time.
same thing with overly investing into some coin which has no prospective or even has already its peak potential, you're just becoming food for the whales that know when to cash out.
in investing and trading in general following emotions is always bad and i can almost always guarantee that such bad decision always coming from the emotion of thinking that we gonna make massive profits and things will always gets better in the future but the reality is always different honestly.

RealMalatesta

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Quote from: justdimin on April 19, 2023, 06:48:52 AM

Emotions part is very true, it is not easy to keep your emotions in check that quickly, it may take some time to make a profit when the time comes because you are worried or fearing or happy or excited or whatever else. You may make mistakes if you think with your heart and not with your brain, a lot of people make that mistake and that causes them to have a trouble in the future.

It is going to take some time before we can master trading, but if we can master not using our emotions as our first step then the rest will come easier. Sure you need to learn TA, or need to learn how to read a chart, or many other million things, but if you can't control your emotions then all the other stuff means nothing at all.

That is the hardest part to master as well. I know you said we should do that at first, because rest is less important, but learning the rest is easier. For example learning what bollinger band is and what it does and what happens when it is X number or Y number, those are all easy stuff, it takes maybe an hour or two to learn what it is, and surely there are many other things like that so it takes time to learn it all, but you just learned that in a few hours.

Whereas emotions are not like that, to learn how to control it and not let it get to you when you are trading is not something that can be done in a few hours, it is something you try to master for months and that is why it takes a long time to make it happen for a while.

Oceat

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This is not you or your friend's fault it's just that there are people who will do something to get advantage of you. Perhaps, I suspect one of your friend are conniving with the bad guys to steal your product since there's no way it could be coincidentally happening at the third order. Maybe it's just my speculation but I somehow agree that greediness is one of the cause here and trading has nothing to do with it. I like all of your plan as it looks like a corporate company but bad things just happens.

Why don't you investigate who was the real culprit instead of like blaming you and the others?

Anyway, trading is just basically buying low and selling high in order to get the profit.

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Quote from: Onyeeze on April 08, 2023, 07:59:24 AM

I tried to figure out that in trading the concept are not only in one aspect but it's base on your description of understanding trading, many more follows people methods of trading to arrive to same point, one thing I noticed in trading is that it's a skill that every one is up to have base on it discovery step to make it own profits.

You are totally right, i have seen so many people in their early journey in crypto trading, as they do not get knowledge of trading and how things actually work but instead, they just get into it. The funny thing is this is how they read charts. "hmmm, on the hourly frame, there are consistently 2 red candles and 3rd candle will definitely be green, wait I should check the weekly farm too, and on the weekly frame, if it is consistently 2 green candle then their analysis becomes so accurate that in the upcoming hours BTC will rise." hahaha.

This looks so hilarious well at the start I also try to understand the market with this concept, well sometimes my luck made me profits but most of the time I face loss. (and that was obvious) because without proper planning and education, you can not reach anywhere. There is one example, which most of my professors used to say, That if we want to go to "X" city we need to ride on "x" bus not on "y" bus. The right plan with the right mindset is as necessary as education.

lalabotax

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Trading commonly will not go well if we don't have and run the appropriate concept. The concept here is not only about what we have to do but also more broadly, about how we do it, manage it, control it, and also manage our strategies and emotions.
Our maturity and readiness in forming the concept is not easy, especially in applying it. Here, the results will really depend on what we plan based on the concept and also how we realize it

Pandu Geddon

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Quote from: Johnyz on April 19, 2023, 04:08:29 PM

I don’t see this as greed where you are just doing business unfortunately someone is not working fair. You cannot just get your capital by just having a three transactions, real business will use that capital until you made a good and established business, even if its too risky. Even a new crypto project, you can’t expect investors to take profit right away, you have to wait for perfect timing. Being greedy is not good but seriously, with the situation of OP they are just tryin to do a real trade. Better to be more careful next time, and have a secured transactions like availing an insurance or escrow.

that's the temptation to every trader. when they get big profits, sometimes they forget to return their capital first. and be careful when you want to log in again with the same method or assets. trading is not as easy as buying and selling with profit. sometimes we also have to lose because of our own negligence.
OP's experience shows how we should manage our own finances or investments. no matter how close we are with friends, but sharing for investment is not something good.

Johnyz

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I don’t see this as greed where you are just doing business unfortunately someone is not working fair. You cannot just get your capital by just having a three transactions, real business will use that capital until you made a good and established business, even if its too risky. Even a new crypto project, you can’t expect investors to take profit right away, you have to wait for perfect timing. Being greedy is not good but seriously, with the situation of OP they are just tryin to do a real trade. Better to be more careful next time, and have a secured transactions like availing an insurance or escrow.

virasisog

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Quote from: yhiaali3 on April 19, 2023, 02:35:26 PM

I am sorry for your loss, as I understand from your story that you want to say that greed is the first cause of loss. Yes, I can agree with you on the general principle, although what you experienced could be by chance due to bad people, but you think it is because of the greed of your friends.

In any case, also in cryptocurrency trading, there is a risk of losing money, so you must take all necessary precautions. As for greed, it is one of the bad human emotions that are difficult to control and always cause loss.

Greed is the main reason why people have losses in terms of trading, business or even in gambling. Having the wrong mindset and wrong principles could make us create wrong decisions no matter how knowledgeable we are in our choice of field.
It is important that once we decide to put up a business we should choose the right business partners with the right motive and effective mindset. Emotions could really ruin our journey once we allow them to control everything.

yhiaali3

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I am sorry for your loss, as I understand from your story that you want to say that greed is the first cause of loss. Yes, I can agree with you on the general principle, although what you experienced could be by chance due to bad people, but you think it is because of the greed of your friends.

In any case, also in cryptocurrency trading, there is a risk of losing money, so you must take all necessary precautions. As for greed, it is one of the bad human emotions that are difficult to control and always cause loss.

death69

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Picture trading like gambling in Vegas, but with odds stacked in your favor, bro. To win big, you've gotta be a trading ninja, knowing the ins and outs and forging your own path to the same cash-loaded destination as everyone else. And remember, trading's a talent we can all master to rake in the big bucks.

In my legendary adventures, I've found that being a greedy Gus and drooling over more profits is what lands you in the loser's circle. It's like hitting a smorgasbord and wanting to stuff your face with everything in sight, but you end up doubled over in pain instead.

Take my buddy's crude oil biz as a prime example. We scored big on our first deal, and our second supply had us rolling in even more green. But when round three rolled up, a couple of my pals got dollar signs in their eyes and wanted to bet the whole enchilada on more product. I caved, but we didn't see the trouble coming—hoodlums booted us out before we could even make a deal!

Moral of the story, peeps: Greed's a nasty bug that'll drag you into risky waters. So, let's trade like champs and ditch the greedy seagull vibes from Finding Nemo, squawking "mine, mine, mine" at every shiny opportunity.

Onyeeze

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Quote from: kapalmabur on April 19, 2023, 09:26:10 AM

Quote from: worle1bm on April 15, 2023, 12:35:18 AM

Quote from: palle11 on April 08, 2023, 03:36:33 PM

Well the point about concept in trading is just like every other business investment. If you get too greedy, it will mean higher chances of losing out or gaining. With the experience that you narrated, if you guys had removed your capital instead of that you guys went in all for the profit. There is a lesson hear not to go all out for profit with everything you have with the full hope that it won't fail.

When greed overpowers your emotions in trading then you loose control over your mind and it can turn you into loss situation rather then be in profitable state.If you have satisfactory returns then you should cash out but if you are becoming too greedy then many examples are there where it was termed as bad trade.So always trade with different strategies and market judgement and taking firm decisions will help you keeping your greed aside.

Previous experience or mistakes in trading, I think we should make it a lesson and evaluation material so that in the future it won't happen again,
besides that we also need to know when to sell or buy because if greedy then it will make a loss,
keep practicing for emotional control however it is important in trading.

It's not that investors doesn't know the appropriate time to buy bitcoin or neither sell their coin, what I know that is the course of people having lose into investment is greedy, many people have seen opportunities to cash out when they have seen small profit and their capital, but the greediness of getting more is what makes some of the investors to lose for their investment. In trading you don't need make all the profits from one of your trade, making $10 or $20 in any trade you participate or consistent should be more better than losing what you have because of you are waiting for a bigger profit, some traders don't know that consistent low profit in trading is more better than losing everything why expecting a higher trade.

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Quote from: kapalmabur on April 19, 2023, 09:26:10 AM

Previous experience or mistakes in trading, I think we should make it a lesson and evaluation material so that in the future it won't happen again,
besides that we also need to know when to sell or buy because if greedy then it will make a loss,
keep practicing for emotional control however it is important in trading.

Controlling emotions is the most difficult task in trading, most traders fail here. As a result, it becomes difficult for traders to succeed in trading. Just as it is not possible to buy at a low point, it is also not possible to sell at a high point because we do not know exactly what the next movement of the market will be. So all decisions are based on assumptions, which makes it natural for traders to make wrong decisions if they are overly greedy. So a trader who controls emotions can make better decisions than others during trading.

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Quote from: Onyeeze on April 08, 2023, 07:59:24 AM

I tried to figure out that in trading the concept are not only in one aspect but it's base on your description of understanding trading, many more follows people methods of trading to arrive to same point, one thing I noticed in trading is that it's a skill that every one is up to have base on it discovery step to make it own profits. And I trading some of us causes the problem that arises during course of lost, greediness and anticipation of making more profit is the major caused of losing in trading. Three days ago I was with friends where we are blaming each other because of mistakes, we contributed money to invest into crude oil business, the first supply of crude oil the company we supply to, we made a good profit and second supply we made a higher profit, for second supply I suggested that we should remove our capitals and move on with our profit we made, but two of my friends insisted that we are going to buy more of the products with all the money I agreed with them for the third supply, on our way going we were diverted by hoodlums and chased out on the vehicle, till date we don't were products is. Its when my friend's realize that greediness is a disease and its a higher risky.

OP is fine with your business idea. Greed is a bad habit that destroys people completely. Especially when you enter a cryptocurrency trading platform, you need to adopt different strategies. First of all you can't trade there with emotion. Secondly, trading platform cannot be greedy. While greed is not so risky in other businesses, greed in trading platforms is the most risky. You may have been cheated by a friend in your oil business. Here trading with your business is completely different. If you can control a few mediums in a trading platform, you can achieve success there.

kapalmabur

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Quote from: worle1bm on April 15, 2023, 12:35:18 AM

Quote from: palle11 on April 08, 2023, 03:36:33 PM

Well the point about concept in trading is just like every other business investment. If you get too greedy, it will mean higher chances of losing out or gaining. With the experience that you narrated, if you guys had removed your capital instead of that you guys went in all for the profit. There is a lesson hear not to go all out for profit with everything you have with the full hope that it won't fail.

When greed overpowers your emotions in trading then you loose control over your mind and it can turn you into loss situation rather then be in profitable state.If you have satisfactory returns then you should cash out but if you are becoming too greedy then many examples are there where it was termed as bad trade.So always trade with different strategies and market judgement and taking firm decisions will help you keeping your greed aside.

Previous experience or mistakes in trading, I think we should make it a lesson and evaluation material so that in the future it won't happen again,
besides that we also need to know when to sell or buy because if greedy then it will make a loss,
keep practicing for emotional control however it is important in trading.

Similificator

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Quote from: justdimin on April 19, 2023, 06:48:52 AM

Emotions part is very true, it is not easy to keep your emotions in check that quickly, it may take some time to make a profit when the time comes because you are worried or fearing or happy or excited or whatever else. You may make mistakes if you think with your heart and not with your brain, a lot of people make that mistake and that causes them to have a trouble in the future.

-That is why the advice "Do not make decisions when you are too happy or too angry" or "Do not make decisions when you are overwhelmed with emotions." This is because our emotions influence our moods and minds greatly depending on the situation. Thus, making our decisions clouded in moments when we are too happy or too angry which almost never gives good results.

Quote

It is going to take some time before we can master trading, but if we can master not using our emotions as our first step then the rest will come easier. Sure you need to learn TA, or need to learn how to read a chart, or many other million things, but if you can't control your emotions then all the other stuff means nothing at all.

-Which is why gaining actual experience is also very important in education or learning. Having both the knowledge and experience will massively help a person grow not just as a trader but in a lot of aspects in life compared to having or focusing on just one of the two.

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Quote from: Similificator on April 18, 2023, 06:59:32 AM

Another advice would be if you are investing, keep it professional and avoid factors that would affect your decision making emotionally. While it is good to invest along with your friends or family, it would be better to keep the amount only up to a minimum which you can easily brush off if ever lost. This will not only save your funds but will also save your relationship with them. If you really have to, then be picky and only do it with the ones you really trust and you know are well versed in doing such investments.

Emotions part is very true, it is not easy to keep your emotions in check that quickly, it may take some time to make a profit when the time comes because you are worried or fearing or happy or excited or whatever else. You may make mistakes if you think with your heart and not with your brain, a lot of people make that mistake and that causes them to have a trouble in the future.

It is going to take some time before we can master trading, but if we can master not using our emotions as our first step then the rest will come easier. Sure you need to learn TA, or need to learn how to read a chart, or many other million things, but if you can't control your emotions then all the other stuff means nothing at all.

Topic: Trading have concepts (Read 486 times)