trading is good for traders with passive mindset - page 2.

Mr.right85

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Quote from: youdacapt on July 01, 2022, 05:30:16 PM

Quote from: MrcMrc on July 01, 2022, 04:38:14 PM

Trading can be a hectic endeavor must, especially for those who are not persistent in their trading journey, but those who put all their time and mind into trading will develop skills over time that makes them more stable in trading. So in conclusion trading is for the passive mindset and not for the laggy mindset.

I always believed crypto currency trading does not care about your ''emotions'' so irregardless of what kind of individual ''we are'' it does not stop or prevent traders from accumulating losses or profits.

That's how the world works. Are you familiar with the phrase "Life goes on"? It's just what it is, things always gets done no matter your situation.
Most of all, in the world of business and investments. Your lose is someone else's gain and depending on the side you fall as to a business, you get to deal with it. Should you have profited, it would have been someone else's lose.

Trading remains a highly professionalised field and no one with an intent of just trying it for a time should venture. Your sure going to have a bad experience with the market as those trading that market with you are in for the real deal and that is, after every penny in the market. So when you start, be sure to go all the way to study and practice.

Bhig Daddy

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The problem with trading in cryptocurrencies and stocks in general is that most people begin trading during a bull market. You are all aware of how open to trading bull markets are.

If the timing is off, well, you know how it ends. People get hooked, quit their jobs, take out more loans, and so on. Consider how many people expected to make $100,000, but the majority only made $60,000. The same is true for the meme stocks AMC and GME.

borovichok

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Quote from: Pandu Geddon on September 29, 2022, 08:38:41 PM

I believe such trading practices are still happening. many who do it are new traders and those who join trading signal groups. so they don't have to hone all those skills. just waiting for the signal given in the group.
it's not recommended for that. but the reality today, many traders also follow signals that are not necessarily successful.

Trading with signals have really help most traders in the market because they make cool cash especially the busy ones that have other works running. It's only the idle traders that put all their time in trading and makes it an addiction. Trading with accurate signals, although not all sometimes yields profits but they reduce the level of loss and liquidation of trading accounts in the market. Every trader have their own strategy which they uses to earn profits in the market.

len01

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Quote from: Pandu Geddon on September 29, 2022, 08:38:41 PM

I believe such trading practices are still happening. many who do it are new traders and those who join trading signal groups. so they don't have to hone all those skills. just waiting for the signal given in the group.
it's not recommended for that. but the reality today, many traders also follow signals that are not necessarily successful.

yes, that kind of thing is not good for the future because sometimes an uncertain signal can one day become a trap for personal gain by the signaler.
and dependence on trading signals provided by the telegram group or by others will mislead the beginners and will make the trader not have his own skills or knowledge in the field of trading.
even though for trading the most appropriate is your own analysis

rendravolt

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Quote from: Bhig Daddy on September 30, 2022, 09:50:56 AM

It is evident that learning a lot about trading over time is necessary if you want to trade and make a profit in order to maximize your gains. Because you want to make money from trading, even though it may be a busy endeavor, it is well worth trying. Learning more about trading will help you develop analytical skills, help you decide which coins are worth trading, and other things. Trading education never ends unless you choose to stop.

Maybe if we talk about trading basics we already know. But every year there must be something new and that's the knowledge of the trade, don't let us not know. It's a good idea to make the most of your existing experience to try out new challenges in trading so you know the best way to make big money with less losses.

globalpain

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Quote from: ShowOff on September 30, 2022, 11:52:31 AM

Quote from: kelonmusk on September 29, 2022, 10:37:07 PM

I think, trading in cryptocurrency is all about risk and reward; if you are not willing to take risks, you will not be able to feel the benefits of trading.

Yes, that's one of the many meanings of crypto trading that users have been talking about.
The higher the risk, the higher the probability of return.

Everyone has a strategy that may differ from one user to another about trading. For me it's not a problem, because in the end each strategy aims to make a profit regardless of the size of the gain. The mindset about good trading will be formed by experience and knowledge, this is not instant and for that they have to learn and invest a lot of time there.

Yes as long as you really appreciate the process I think we will all make a profit in trading,
keep the mindset that profits can be achieved in an instant way and it's just bullshit,
the most important thing is to keep learning to improve either knowledge or skills

ShowOff

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Quote from: kelonmusk on September 29, 2022, 10:37:07 PM

I think, trading in cryptocurrency is all about risk and reward; if you are not willing to take risks, you will not be able to feel the benefits of trading.

Yes, that's one of the many meanings of crypto trading that users have been talking about.
The higher the risk, the higher the probability of return.

Everyone has a strategy that may differ from one user to another about trading. For me it's not a problem, because in the end each strategy aims to make a profit regardless of the size of the gain. The mindset about good trading will be formed by experience and knowledge, this is not instant and for that they have to learn and invest a lot of time there.

Bhig Daddy

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It is evident that learning a lot about trading over time is necessary if you want to trade and make a profit in order to maximize your gains. Because you want to make money from trading, even though it may be a busy endeavor, it is well worth trying. Learning more about trading will help you develop analytical skills, help you decide which coins are worth trading, and other things. Trading education never ends unless you choose to stop.

blue_hurricanger

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Sound like trading is good for people with day jobs, only trade when they have free time, on the weekend or something. You know, you don't need to rigid yourself to some mindset. Want to have a passive mindset? Just work on something, keep yourself busy, or maybe just have a full-time job. There, you can't check on the chart for a few minutes, leading to FOMO or fear of being dumped, making unwise trade because of the pressure from it.

See how many times traders talk about diamond hand hodl? I know some diamond hand hodl are just simple people who completely forgot about their investment.

kelonmusk

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I think, trading in cryptocurrency is all about risk and reward; if you are not willing to take risks, you will not be able to feel the benefits of trading. Set aside some free time to practice and analyze coins.

That's why it's all about mindset—people who have the right mindset, and practice patience will be successful in trading.

ibuddy122505

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Quote from: Pandu Geddon on September 29, 2022, 08:38:41 PM

Quote from: sana54210 on September 29, 2022, 01:03:33 PM

Unfortunately, there are a lot of people who are not entirely sure what's going to happen and they still trade. Think about it this way, you do not know what fundamental is, and you do not know what technical analysis is, no indicator knowledge, no understanding of charts, you have absolutely no understanding of any of it at all and you still trade. That would be something terrible, isn't it? I mean what are you going to trade base from?

But, there are a lot of people who still do it and that is the type of people who end up losing money and I would highly suggest that you should be careful when trading, learn as much as you can before you start to trade.

I believe such trading practices are still happening. many who do it are new traders and those who join trading signal groups. so they don't have to hone all those skills. just waiting for the signal given in the group.
it's not recommended for that. but the reality today, many traders also follow signals that are not necessarily successful.

This will never stop as long as newbies keep entering the market. They enter the market wanting to make money but don't want to do anything, don't want to study hard to get good results, instead they think they can depend on others to also succeed. It is with such backward thinking that creates opportunities for scammers to create signal groups to collect fees or seek to entice them to invest in scam projects. Until they lose, they will realize what they should do to continue to be good traders.

The resources available to us at the moment are greater than ever before. The market isn't the only thing growing, but our trading mindset has also changed over time. As a result of having less information about the market, trading signal groups still work. As a result, it is not going to work for a long time, since there are so many resources out there that unhealthy things like falling into trouble or investing in scam projects are less likely to happen.

Pandu Geddon

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Quote from: sana54210 on September 29, 2022, 01:03:33 PM

Unfortunately, there are a lot of people who are not entirely sure what's going to happen and they still trade. Think about it this way, you do not know what fundamental is, and you do not know what technical analysis is, no indicator knowledge, no understanding of charts, you have absolutely no understanding of any of it at all and you still trade. That would be something terrible, isn't it? I mean what are you going to trade base from?

But, there are a lot of people who still do it and that is the type of people who end up losing money and I would highly suggest that you should be careful when trading, learn as much as you can before you start to trade.

I believe such trading practices are still happening. many who do it are new traders and those who join trading signal groups. so they don't have to hone all those skills. just waiting for the signal given in the group.
it's not recommended for that. but the reality today, many traders also follow signals that are not necessarily successful.

Rengga Jati

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Quote from: MrcMrc on July 01, 2022, 04:38:14 PM

Trading can be a hectic endeavor must, especially for those who are not persistent in their trading journey, but those who put all their time and mind into trading will develop skills over time that makes them more stable in trading. So in conclusion trading is for the passive mindset and not for the laggy mindset.

Passive mindset?
I'm still a bit confused by the OP's version of the Passive Mindset pattern.

Trading activities are not simple things, but complex things that must require several things at one time in order to get maximum results. Being a full time trader can sometimes be very worthy, especially if we are really professional and understand various market activities and solutions.
And this requires a variety of knowledge, experience, and very good considerations to make a decision at the right time.

Trading is not easy, especially for beginners. It's true, if we really want to devote or become full traders, we must first prepare ourselves with various knowledge, disciplines, and good management skills.
And it will also not be suitable for anyone who is easy to lose control, can't stand the pressure, doesn't want to learn, or doesn't want to analyze.

sana54210

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Quote from: Yamifoud on September 28, 2022, 06:12:18 AM

Quote from: Davidvictorson on September 28, 2022, 01:12:03 AM

Trading is for everyone but not for those who are too emotional. Those who will quickly close the trade shortly after opening it. There are also those who fail to analyze the chart before entering the trade, or those who fail to calculate the risk-to-reward ratio, ignore patterns, or even those who know very well that they have not established an account size sufficient for profit, but proceed with the trade anyway.

I guess you are wrong, maybe you've mean is that trading welcomes everyone" because the truth is that trading is not for everyone. As you have mentioned those emotional people will likely not take risk and time in trading but rather find the place where they can do the right things and decision, and the place where they are comfortable with. Of course, I'll do the same and reject the opportunity in trading coz I know in myself that it was hard for me and I can't handle the stress anymore.

Unfortunately, there are a lot of people who are not entirely sure what's going to happen and they still trade. Think about it this way, you do not know what fundamental is, and you do not know what technical analysis is, no indicator knowledge, no understanding of charts, you have absolutely no understanding of any of it at all and you still trade. That would be something terrible, isn't it? I mean what are you going to trade base from?

But, there are a lot of people who still do it and that is the type of people who end up losing money and I would highly suggest that you should be careful when trading, learn as much as you can before you start to trade.

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Quote from: Bhig Daddy on September 28, 2022, 12:52:28 AM

It's not all true, in my opinion. Everyone has a different method for understanding new concepts more quickly. similar to someone who studies trading tools and analysis Everyone has a method for learning quickly and easily.
a few people who just concentrate on cryptocurrency trading. For everyday profit, I'm confident they have good observational skills and experience. but it won't require spending the entire day in front of the computer. Experienced traders are quite knowledgeable about when to enter and exit transactions.

There are traders that do scalp trade thus will have to monitor their trade every now and then, again they have to spend considerably time in front of the laptop or computer considering the high volatility nature of the price of cryptos and such traders after acquiring all the necessary skills and knowledge of trading these categories of crypto traders must have a passive mindset while there are long term crypto traders who might be trading with a minimum of daily frame, 3 day timeframe even weekly timeframe chart with reference to Binance trading platform such categories traders needed fewer time to analyze a trade without persistent monitoring of trades although have to be well updated and informed of upcoming fundamental news relating to cryptos which can make or mar their trades.

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Quote from: Davidvictorson on September 28, 2022, 01:12:03 AM

Quote from: livingfree on July 01, 2022, 05:42:36 PM

It's for everyone.

Whoever wants to trade, they can try it. Passive or active, it's for them and what matters here is on how they know what they're doing. Trading isn't as easy as the mindset that we have.

It's actually a hard thing to do and most of the traders are even losing. If you get to know more about trading and you're accepting the risk of it, then it's for you.

Yes, I agree. Trading is for everyone but not for those who are too emotional. Those who will quickly close the trade shortly after opening it. There are also those who fail to analyze the chart before entering the trade, or those who fail to calculate the risk-to-reward ratio, ignore patterns, or even those who know very well that they have not established an account size sufficient for profit, but proceed with the trade anyway.

I guess you are wrong, maybe you've mean is that trading welcomes everyone" because the truth is that trading is not for everyone. As you have mentioned those emotional people will likely not take risk and time in trading but rather find the place where they can do the right things and decision, and the place where they are comfortable with. Of course, I'll do the same and reject the opportunity in trading coz I know in myself that it was hard for me and I can't handle the stress anymore.

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Quote from: livingfree on July 01, 2022, 05:42:36 PM

It's for everyone.

Whoever wants to trade, they can try it. Passive or active, it's for them and what matters here is on how they know what they're doing. Trading isn't as easy as the mindset that we have.

It's actually a hard thing to do and most of the traders are even losing. If you get to know more about trading and you're accepting the risk of it, then it's for you.

Yes, I agree. Trading is for everyone but not for those who are too emotional. Those who will quickly close the trade shortly after opening it. There are also those who fail to analyze the chart before entering the trade, or those who fail to calculate the risk-to-reward ratio, ignore patterns, or even those who know very well that they have not established an account size sufficient for profit, but proceed with the trade anyway.

Bhig Daddy

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It's not all true, in my opinion. Everyone has a different method for understanding new concepts more quickly. similar to someone who studies trading tools and analysis Everyone has a method for learning quickly and easily.
a few people who just concentrate on cryptocurrency trading. For everyday profit, I'm confident they have good observational skills and experience. but it won't require spending the entire day in front of the computer. Experienced traders are quite knowledgeable about when to enter and exit transactions.

gunhell16

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Quote from: Digital_Lord on September 10, 2022, 11:33:50 AM

Those people who are realistic and just focus on present purpose can actively do trading. There are numerous things which are to be kept authorized for the purpose of gaining interest. Crypto trading is almost done with the help of speculation, those who have alert and sharp minds are in my opinion will have more futuristic impact on their economy.

The practice of crypto trading in this industry requires a different plan, knowledge, and ideas to raise income in the future. It is not possible here in crypto trading to just rely on luck because it is not designed for luck alone. Rather, it was created to provide an opportunity to anyone who wants to have savings or income in the future.

That's why the only people who often make money here are those who target how much they want to earn every day, weekly, monthly, or yearly. Second, he knows how far he will stop losing. Since individual traders will do it this way, I am sure it will have a good result in the end.

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Quote from: MrcMrc on July 02, 2022, 02:37:47 PM

Quote from: adaseb on July 01, 2022, 11:43:15 PM

People get hooked, quit their jobs, borrow more money and if they timing is off, well you know how it ends. Look at how many people were expecting $100K and most never took profits in the $60k. Same with those AMC and GME meme stocks.

Wrong timing that leads to failure can be attributed to both bull market and bear market at the same time, but the most important thing is to study the market and build up resistance skills. Well if the trader failed to cash in at the pick of the bull market but didn't sell during the bear market and the asset is in Bitcoin there will be some hope.

for trading what is necessary is to understand the basic strategies of understanding the market, that's why some of us emphasis that trading demands for serious attention, because trading is a skill and if you don't understand it you will fall out from getting profit immediately, actually the market is determine by targeting the due time of entering the market and Make out a profit. And if you understand the risk measure you will make your Profit

We all know that strategy cam fail us that is why we need to be prepared to learn more and how the market moves and does it thing. The market is mostly unpredictable and what we should be after is news because this cam make the market to change direction and if we are not informed we might make mistakes just like how news move the currency market.

Basically every trader needs to keep learning to improve be it knowledge or skills,
the crypto market is indeed constantly moving and that is what makes it not easy to predict,
besides that it is also important to follow developments, we can do this by following the latest news and it can also be by monitoring directly on the market

Topic: trading is good for traders with passive mindset - page 2. (Read 1427 times)