I totally agree, I have seen a million charts in the crypto world where people all claimed that they know what they are talking about and they show a chart as a proof that the price will go up or down and say that "Price will do X and here is my proof, you have to believe me because I have a proof!!" and one topic under him there is another dude saying the same exact thing just the opposite...
I mean lets be honest with each other, chart reading, indicators, TA all are a bs if you are unlucky, yeah sure they could show you something but bitcoin is not regulated and people could sell or buy bitcoin out of nowhere. It could look like everything shows a bear run on bitcoin and some super rich company could come up and buy 500 million dollar worth of bitcoins all at once and destroy all your logic and charts and TA that you did.
Topic: Trading is based on probability. - page 7. (Read 1946 times)
When it involves trading, nobody can trade supported its potential nobody can tell which way the market will go albeit there's an opportunity it often doesn't happen If the market turns the opposite way the probabilities of loss are higher. Therefore, for better results you would like to research and verify the right currency In this way we will easily understand the kinds of traders.
Indeed trading is based on probability, but you have to know to make your daily trading get profit at least you have to out come two things.
Firstly, you have to outcome the technical analyst. This is what you have to done before you have intention to entry. You will useless if you just come to the market but you haven't had an analyst it's the same as suicide.
Secondly, you have to force yourself to read everything about crypto currency news, its called as fundamental analyst, because in everyday we will find/have different information and it will make crypto currency prices change. Those two things will make your daily trading get profit and at least and reduce your probability to loss.
Firstly, you have to outcome the technical analyst. This is what you have to done before you have intention to entry. You will useless if you just come to the market but you haven't had an analyst it's the same as suicide.
Secondly, you have to force yourself to read everything about crypto currency news, its called as fundamental analyst, because in everyday we will find/have different information and it will make crypto currency prices change. Those two things will make your daily trading get profit and at least and reduce your probability to loss.
I consider the ratio between profit and loss that I can get to be a very important factor when making a decision. There is no point in opening a trade if you can get a profit of $100 on it, but if the price goes against you, you will get a loss of $1000.
Trading is so risky because no one can predict the price of the bitcoin, it could change time by time, so there is really no person who can win in trading continuously so absolutely it's just a probability. There are many ways that we can use to lessen the probability of losing your money in trading, there are many websites or videos that would help you to understand more about trading, just focus on how ate you going to trade well, you have your resources to learn just use it to become a better trader. You'll lose if you are a beginner in trading, so do not try it because it's really risky just focus on how are you going to learn first before trying.
Every choice we make in life is based on probability.
For example when you set up a business. There is a probability that it may succeed or not. Everything involving making more money is about risk taking and so trading should not be any different.
Very well said, our life is full of probability, our life is full of decisions, so we can really not say our future. You have to be good at choosing the right one so it will lead you to the right path. For example when you set up a business. There is a probability that it may succeed or not. Everything involving making more money is about risk taking and so trading should not be any different.
Yes it is as long as we do a risk management and we invest only on what we can afford to lose since we still dont know what will gonna happen in the future. In trading mostly history repeat itself after a few months or years so we just have to be patient.
People tend to get much profit in a short time and for this reason, a lot of them chooses daily trading. The problem is that you can't catch good moments daily, that's impossible. For this reason, it's better to catch the best moments that carry less risk and high profit, such moments don't happen rarely but a lot of people can't keep even a little patience
Well, there is another opinion
According to which you can only earn good money by letting your profits grow. I can't say I fully agree with this view (personally, I opt for short term-trading coupled with long-term holding, with a lot of stuff in between), but if we look at the timeframes longer than a few months, it makes sense. You would be able to take home mighty profits if you waited for major price movements and stopped looking for earning dust here and there, i.e. trying to catch every price reversal
A lot of people do not want agree that surviving in the market today requires every trader to come to terms that they are trading on probability and at every moment of the trade there are series of different possible outcomes.
As a trader, the best you can do is find the most likely scenario based on the data you have and understanding the risk involved too.
Choose the best probable outcomes that favors you to avoid stories as rekt.
As a trader, the best you can do is find the most likely scenario based on the data you have and understanding the risk involved too.
Choose the best probable outcomes that favors you to avoid stories as rekt.
I can't agree more. This is possibly the case of every market driven by the force of demand and supply. To be honest, Trading is not as easy as it seems or how people do write about it... It is more complicated than that as the market is being driven by many factors. Studying the chart and working out analysis can only take you so far in trading. It is advisable you trade with a spare money or amount you can afford to lose because the market is highly volatile and it can go against anybody
A lot of people do not want agree that surviving in the market today requires every trader to come to terms that they are trading on probability and at every moment of the trade there are series of different possible outcomes.
As a trader, the best you can do is find the most likely scenario based on the data you have and understanding the risk involved too.
Choose the best probable outcomes that favors you to avoid stories as rekt.
As a trader, the best you can do is find the most likely scenario based on the data you have and understanding the risk involved too.
Choose the best probable outcomes that favors you to avoid stories as rekt.
People think this is easy, it is not that easy.
With the volatility of cryptocurrencies, it is actually hard to find the timing to reduce the loss or have a profit. Will it continue to fall? Will it pump? Usually, you follow what you feel right but there are times that you based it on the experiences you did in the past that usually went wrong and went great, and it is still doesn't give good results every time.
Certainly, the probability is one of the aspects of trade, but it is far from the only and not defining it as such. Fundamental analysis is very important in trading, and thanks to it, a trader can increase the likelihood of success of his transaction.
In trading, the results of your trading are between earning and losing your money. The probability in trading can be controlled once you perform technical analysis in the market and making some speculations that you can use to manage your assets. By that, you can make strategies based on your predictions depending on the factors that can affect your asset's price in the market. A trader should know how to manage the risks in trading, there are factors who can help you such as risk management, that is the time where you can minimize your risk and become more comfortable in trading. Every transaction is important and every mistake is a lesson so never underestimate no matter how big or small your trading is.
A lot of people do not want agree that surviving in the market today requires every trader to come to terms that they are trading on probability and at every moment of the trade there are series of different possible outcomes.
In the world of uncertainty, probability is the most generic term that we can use to identify such chances of the outcome that we're looking for, and trading isn't an exemption. But, you can do something about it, by studying the market movements and speculate on a more specific analysis that shows reliable data. One example is TA's. Though the 50/50 probability is still there, but at least you have a speculations that made sense, rather than speculating a figure out of thin air.
That is not quite correct. Probability makes big part of trading but it's not based on it, at least not exclusivley.
Knowledge, experience and skill also matters ao I would say it's mix of all of this in certain proportions.
Positive attitude and a little bit of luck are also important so to my opinion trading is a very complex discipline and thus not propriate for all people.
If you base trading only on different theories in practice that will not end well, beleive me.
That is my thought too, if you are putting a narrow perspective, you will not see the bigger picture. I really think that the probability factor is just a side track for what trading really is, in my opinion, trading is more of an analysis rather than probability which means that it is focuses more on skills rather than chances. Conventional thinking and perspective in trading makes it difficult to grow and become successful. Always remember that trading is not the same as gambling which focuses more on chances rather than skill. Knowledge, experience and skill also matters ao I would say it's mix of all of this in certain proportions.
Positive attitude and a little bit of luck are also important so to my opinion trading is a very complex discipline and thus not propriate for all people.
If you base trading only on different theories in practice that will not end well, beleive me.
That is not quite correct. Probability makes big part of trading but it's not based on it, at least not exclusivley.
Knowledge, experience and skill also matters ao I would say it's mix of all of this in certain proportions.
Positive attitude and a little bit of luck are also important so to my opinion trading is a very complex discipline and thus not propriate for all people.
If you base trading only on different theories in practice that will not end well, beleive me.
Knowledge, experience and skill also matters ao I would say it's mix of all of this in certain proportions.
Positive attitude and a little bit of luck are also important so to my opinion trading is a very complex discipline and thus not propriate for all people.
If you base trading only on different theories in practice that will not end well, beleive me.
I think every event on this whole universe depends on probability. An event that must occur or bound to happen has a probability of 1. Similarly, trading also depends on this probability. The probability of the price to rise or fall depends on different events that have direct impact on the crypto currencies. The portability of the price to increase rises as long as the event favors the market. The opposite is also true!
I think that relying only on probability theory in cryptocurrency trading is not worth it, since even a trader who does not have enough back trades and makes deals in an arbitrary direction does not always receive at least profit and loss in equal proportions, i.e. 50 to 50. even such indicators are very difficult to achieve. if a trader wants to get not even a good profit, but at least some income, then each trader should tip the scales of probability in his direction, and without technical analysis it is almost impossible to do. otherwise, such a trade will be similar to a game of chance, when the trader will rely only on chance.
A lot of people do not want agree that surviving in the market today requires every trader to come to terms that they are trading on probability and at every moment of the trade there are series of different possible outcomes.
As a trader, the best you can do is find the most likely scenario based on the data you have and understanding the risk involved too.
Choose the best probable outcomes that favors you to avoid stories as rekt.
There is really no doubt about this. Trading is under probability, there is really no guarantee that you're going to be making the right prediction. There are lots of people that have tried to predict the next price move of cryptocurrency and after several tries and they were still unable to predict what it's going to be. Some of them get pissed and decide to quit.As a trader, the best you can do is find the most likely scenario based on the data you have and understanding the risk involved too.
Choose the best probable outcomes that favors you to avoid stories as rekt.
It is not that these people are not good, they are good and majority of them I know are experts that has been in a similar field for years, but they were still unable to predict Bitcoin for once. You can't really predict it, you just do the analysis to know what's likely to happen next. There are a lot of limitations in trading and we need to work hard within those limitations. If you see probability as one of limitation then you need to get practiced to it; no other go.
Probability? We all have that winning and losing results.
Do we always think that we have a high probability of winning than losing? Maybe it is depending on our capability and yet, we always started with low chances of winning, and it eventually increase if we have work on it.
But I don't think we need to think about it...traders will make their way to have a better result and for sure, people who come into trading wanting to gain and that it makes them think positive than of being brag from negativity outside.
Do we always think that we have a high probability of winning than losing? Maybe it is depending on our capability and yet, we always started with low chances of winning, and it eventually increase if we have work on it.
But I don't think we need to think about it...traders will make their way to have a better result and for sure, people who come into trading wanting to gain and that it makes them think positive than of being brag from negativity outside.
What else is NOT based on probability? I do not think anything existing in such a way for sure-shot results.
All money making opportunities are having equal chances both profits and losses hence the results are depending on the skills of individuals. Probability should not be misinterpreted like capability of our skill set. You and your opponent are having same level of probability to crack profits from trading and who makes decision based on analysis may win at the end of the day. Fortunately in trading we are not directly competing against our opponent in direct manner
.
Like many people have noticed even gambling is also based on probability but trading is giving you chances to make use of your knowledge and skills to maximize your chances for winning. Probability is just a fair thing in trading hence we should not get confused about it.
All money making opportunities are having equal chances both profits and losses hence the results are depending on the skills of individuals. Probability should not be misinterpreted like capability of our skill set. You and your opponent are having same level of probability to crack profits from trading and who makes decision based on analysis may win at the end of the day. Fortunately in trading we are not directly competing against our opponent in direct manner
.Like many people have noticed even gambling is also based on probability but trading is giving you chances to make use of your knowledge and skills to maximize your chances for winning. Probability is just a fair thing in trading hence we should not get confused about it.
Certainly, the probability is one of the aspects of trade, but it is far from the only and not defining it as such. Fundamental analysis is very important in trading, and thanks to it, a trader can increase the likelihood of success of his transaction.
Yes i agree with you, a trade can increase his chances of success in trade transactions if he conducts and maintains to perfection the execution of his strategy and also come to the understanding that its a win/lose situation when you trade; because thats what probability is about
Certainly, the probability is one of the aspects of trade, but it is far from the only and not defining it as such. Fundamental analysis is very important in trading, and thanks to it, a trader can increase the likelihood of success of his transaction.
Indeed trading is based on probability, but you have to know to make your daily trading get profit at least you have to out come two things.
Firstly, you have to outcome the technical analyst. This is what you have to done before you have intention to entry. You will useless if you just come to the market but you haven't had an analyst it's the same as suicide.
Secondly, you have to force yourself to read everything about crypto currency news, its called as fundamental analyst, because in everyday we will find/have different information and it will make crypto currency prices change. Those two things will make your daily trading get profit and at least and reduce your probability to loss.
Firstly, you have to outcome the technical analyst. This is what you have to done before you have intention to entry. You will useless if you just come to the market but you haven't had an analyst it's the same as suicide.
Secondly, you have to force yourself to read everything about crypto currency news, its called as fundamental analyst, because in everyday we will find/have different information and it will make crypto currency prices change. Those two things will make your daily trading get profit and at least and reduce your probability to loss.
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