trading is good for traders with passive mindset - page 6.

BuNga_cute

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Quote from: justdimin on July 04, 2022, 05:14:26 PM

Quote from: Silberman on July 04, 2022, 12:33:02 PM

Traders by definition have to be an active bunch, after all you need to read several charts and you need to do it more frequently the faster the chart moves, after all you need to interpret a chart of 15 minutes 4 times in the same period of time that you will interpret a chart of 1 hour only once, so I do not really agree with you unless you are actually talking about investors instead, investors can afford to be more passive in their approach to the markets as they are more interested in the long term than in the short term.

That "activity" should be something that could be risky for the trader at the same time. There isn't really a big deal at all if you just end up doing a long term investment where you hold it for a decade or more. Whereas a trader would have to be active and constantly do something and that ends up being a terrible situation.

So, just focus on what you are doing at that moment if you are a trader and be always ready for the current situation and always be ready for a drop, so have your stop loss and so forth ready. This way you could limit the loss as well. There isn't really a good deal to be trader to be fair, just be a long term investor and you would be fine.

It is true that being a trader is not easy, it does not only require good knowledge and analytical skills. But you must be able to control our emotions
well too, because traders must be able to make decisions in a short time and not panic easily. Therefore, the risk is very large compared to
long-term investments, that's why I also recommend long-term investments. Because in addition to lower risk, long-term investment is not like
trading, which should spend more time monitoring and analyzing the market. Traders must have time every day to analyze the market, in order
to be able to make decisions quickly, and can generate profits. Therefore, the stop-loss feature is a must for traders, it is to prevent experiencing
bigger losses if the market moves not according to predictions. But everyone has their own way of making a profit in the crypto world. There are
indeed some people whose passion is in trading. So actually we can't say trading is completely bad, if done correctly, trading can also be a promising
source of income.

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Quote from: kamvreto on July 04, 2022, 12:09:49 PM

Quote from: Questat on July 04, 2022, 09:48:53 AM

-~snipped~ It needs hard work and patience which I believe that not all of us have this stuff and these people don't just have a positive mindset but have a certain goal that they want to achieve.

hard work and patience are important, indeed not all traders can control it. Even people who are professionals, if they don't have the patience, will experience losses. A positive mindset and clear goals must be prioritized. Goals include the strategies used when trading. If you can follow the strategy well everything will be safe.

You can't just think it is easy in a job like this (trading). In fact, a lot of people had tried but only a few of them survive and that is because only a few of them were able to understand and had carried the needs of being a good trader. They know that losses can be possible but despite that they still in the courage of doing this as they never reach their goal, and achieve their plan if they are afraid. Having this kind of behavior is special and that is why only a few went successful while many had failed.

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Quote from: Silberman on July 04, 2022, 12:33:02 PM

Traders by definition have to be an active bunch, after all you need to read several charts and you need to do it more frequently the faster the chart moves, after all you need to interpret a chart of 15 minutes 4 times in the same period of time that you will interpret a chart of 1 hour only once, so I do not really agree with you unless you are actually talking about investors instead, investors can afford to be more passive in their approach to the markets as they are more interested in the long term than in the short term.

That "activity" should be something that could be risky for the trader at the same time. There isn't really a big deal at all if you just end up doing a long term investment where you hold it for a decade or more. Whereas a trader would have to be active and constantly do something and that ends up being a terrible situation.

So, just focus on what you are doing at that moment if you are a trader and be always ready for the current situation and always be ready for a drop, so have your stop loss and so forth ready. This way you could limit the loss as well. There isn't really a good deal to be trader to be fair, just be a long term investor and you would be fine.

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Quote from: Silberman on July 04, 2022, 12:33:02 PM

Quote from: MrcMrc on July 01, 2022, 05:38:14 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.

Traders by definition have to be an active bunch, after all you need to read several charts and you need to do it more frequently the faster the chart moves, after all you need to interpret a chart of 15 minutes 4 times in the same period of time that you will interpret a chart of 1 hour only once, so I do not really agree with you unless you are actually talking about investors instead, investors can afford to be more passive in their approach to the markets as they are more interested in the long term than in the short term.

i believe, what the OP meant is active mindset as well. because he said, not for the laggy mindset, which means, this is not for slow or passive user. but he used passive mindset instead of active. anyway, we get the idea here. if you are actively trading, definitely, you will be very active and awake as you need to read charts, check the news and other updates and not be laid back. otherwise, you will miss the train. and won't achieve your targets.

Silberman

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Quote from: MrcMrc on July 01, 2022, 05:38:14 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.

Traders by definition have to be an active bunch, after all you need to read several charts and you need to do it more frequently the faster the chart moves, after all you need to interpret a chart of 15 minutes 4 times in the same period of time that you will interpret a chart of 1 hour only once, so I do not really agree with you unless you are actually talking about investors instead, investors can afford to be more passive in their approach to the markets as they are more interested in the long term than in the short term.

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Quote from: Questat on July 04, 2022, 09:48:53 AM

-~snipped~ It needs hard work and patience which I believe that not all of us have this stuff and these people don't just have a positive mindset but have a certain goal that they want to achieve.

hard work and patience are important, indeed not all traders can control it. Even people who are professionals, if they don't have the patience, will experience losses. A positive mindset and clear goals must be prioritized. Goals include the strategies used when trading. If you can follow the strategy well everything will be safe.

Questat

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Not to special mention but trading isn't for passive mindset ONLY, this is for those who are willing to take risks and understand the volatility of the market. We can't just play the market and make a profit because we have such a mindset. I know it was also important but in the reality, people who claim they are good had failed but those who keep quiet and enjoy themselves have been successful. It needs hard work and patience which I believe that not all of us have this stuff and these people don't just have a positive mindset but have a certain goal that they want to achieve.

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Quote from: monineklutak on July 04, 2022, 12:48:05 AM

Being consistent is not easy and I think only people who are serious and willing to learn can do that,
Besides that, patience is also an important thing that must be owned by traders.
especially with uncertain market conditions, it becomes a test for traders

Uncertain market conditions make traders learn more because that can help them analyze the market situation. If they could learn more about trading, they would be able to determine when to enter and exit the market. But indeed, patience is important for traders because they can hold their coins when the market situation is down. They must realize this if they want to survive in any situation because we don't know what will happen next.

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Quote from: GreatArkansas on July 03, 2022, 11:57:04 PM

Quote from: Zilon on July 03, 2022, 03:30:24 PM

Quote from: MrcMrc on July 01, 2022, 05:38:14 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.

Trading is passive on the long run with patience, dedication to learning ,consistency and contentment . The hectic part of trading is in the early stage of learning and practicing but over time a consistent trader builds a strategy that stands the taste of time what keeps the profit consistent is how much of greed a trader can deal with because even the best traders lose to market because of greed sometimes

Consistency is also one of the many important things for me that must traders do.
There are lot of traders who are only good in the beginning, like after how many trades, they intend to stop and back again anytime they want.

Being consistent will help you to learn the market condition or how the market reacts especially on different market conditions.

Being consistent is not easy and I think only people who are serious and willing to learn can do that,
Besides that, patience is also an important thing that must be owned by traders.
especially with uncertain market conditions, it becomes a test for traders

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Quote from: Zilon on July 03, 2022, 03:30:24 PM

Quote from: MrcMrc on July 01, 2022, 05:38:14 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.

Trading is passive on the long run with patience, dedication to learning ,consistency and contentment . The hectic part of trading is in the early stage of learning and practicing but over time a consistent trader builds a strategy that stands the taste of time what keeps the profit consistent is how much of greed a trader can deal with because even the best traders lose to market because of greed sometimes

Consistency is also one of the many important things for me that must traders do.
There are lot of traders who are only good in the beginning, like after how many trades, they intend to stop and back again anytime they want.

Being consistent will help you to learn the market condition or how the market reacts especially on different market conditions.

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Quote from: MrcMrc on July 01, 2022, 05:38:14 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.

Trading maybe only for those who has a brave heart and strong minds. Along your journey in trading you will different market scenarios, you can still have time in different asset but those who want to pursue trading and want to make it as a source of living, yes they need to devote time and effort but they should know that it is not always rainbows and sunshines.

If you are strong enough to handle stress and live with it, this place is for you. Though it welcomes everyone, and even if you have strong minds but never have the dedication and persistence, you will still fail and lose.

Indeed, not all the time do we have a favorable market, sometimes they lose but a real trader never lost their mind and quits as they know that was a part of being a trader. That is why we shouldn't let our emotions dictate us, we instead do the opposite and think wisely and focus on our goal.

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Quote from: so98nn on July 03, 2022, 09:24:15 AM

Well what you suggesting is golden formula for almost every business out there and for its success you have to have the passive mindset. Literally you can follow this mantra for everything out there.

Yeah right, a passive mindset is blaming others for your mistakes, laze around, not taking responsibility or don't want to be in control. Does that sound great to make a business successful?

Quote from: so98nn on July 03, 2022, 09:24:15 AM

Trading on the other hand is one of the complex and greedy empire where you have to have control on your emotions first and secondly you can not rely on it as income source if you are not trained for it or have enough skills.

So as matter of fact, you also need pile of skills to understand that "next move" in the trading zone.

So having involved in trading one should have an active mindset, adaptability, flexibility, and broad knowledge of the industry. Does this sound like being passive? Remember we need to study and absorb every important knowledge we encounter during our trades.

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Quote from: MrcMrc on July 01, 2022, 05:38:14 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.

Trading is passive on the long run with patience, dedication to learning ,consistency and contentment . The hectic part of trading is in the early stage of learning and practicing but over time a consistent trader builds a strategy that stands the taste of time what keeps the profit consistent is how much of greed a trader can deal with because even the best traders lose to market because of greed sometimes

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Well what you suggesting is golden formula for almost every business out there and for its success you have to have the passive mindset. Literally you can follow this mantra for everything out there.

Trading on the other hand is one of the complex and greedy empire where you have to have control on your emotions first and secondly you can not rely on it as income source if you are not trained for it or have enough skills.

So as matter of fact, you also need pile of skills to understand that "next move" in the trading zone.

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Quote from: MrcMrc on July 01, 2022, 05:38:14 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.

Day traders and long-term traders, both are profitable, depending on how you manage yourself.
Eventually, you will learn how to be consistent in trading and you'll achieve financial success as there's no limit in terms of profit in trading.

It will not give you overnight success, it might take years to learn how to be consistent, but as long as we don't give up, we always have a chance to master our skills and make our journey profitable.

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Now all the traders that have come are just that Can buy and sell. They start treating without gaining any knowledge about the market which is why they are always at a loss. So newcomers should gain knowledge about the market And do market analysis. If you do not have this kind of knowledge then you trade all your life You will not be able to earn anything for the rest of your life. So of course your knowledge about the market.

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Quote from: crzy on July 02, 2022, 05:58:39 PM

Quote from: MrcMrc on July 01, 2022, 05:38:14 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.

Good mindset yes, but not a passive one.
Passive means doing nothing to me and if you are a trader you mind doesn't rest because you keep on analyzing and you actively trade in the market which requires a lot of attentions. Trading is for those who have a strong self control and of course for those who can control their emotions because trading will always challenge your emotion and if you are that week, don't expect to succeed in trading.

It takes a lot if you are a trader it's not that simple as people think. Everyone can be a trader but only the one that have experience and knowledge about the market will last long. Indeed, controlling your emotions is one thing a trader should master before entering the market and if they can't control their investment/funds will eventually be gone for good. And I don't think having a passive mindset will help because it looks like waiting for something and trading don't work that way.

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Quote from: crzy on July 02, 2022, 05:58:39 PM

Quote from: MrcMrc on July 01, 2022, 05:38:14 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.

Good mindset yes, but not a passive one.
Passive means doing nothing to me and if you are a trader you mind doesn't rest because you keep on analyzing and you actively trade in the market which requires a lot of attentions. Trading is for those who have a strong self control and of course for those who can control their emotions because trading will always challenge your emotion and if you are that week, don't expect to succeed in trading.

Trading is a stressful job - you can just rest if you are done on the computer. And yes, having a positive mindset is indeed necessary for this, you can be just passive and think about earning more if you are already excellent in trading. Because even if we have that passive mindset but of not doing it great, it never wins and went successful, certainly we just fail. As trading doesn't just require a passive or positive mindset, it also needs knowledge and skill in order to play it well, or else it was a failed attempt.

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Quote from: MrcMrc on July 01, 2022, 05:38:14 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.

Good mindset yes, but not a passive one.
Passive means doing nothing to me and if you are a trader you mind doesn't rest because you keep on analyzing and you actively trade in the market which requires a lot of attentions. Trading is for those who have a strong self control and of course for those who can control their emotions because trading will always challenge your emotion and if you are that week, don't expect to succeed in trading.

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Quote from: MrcMrc on July 01, 2022, 05:38:14 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.

Everything can be develop thru the experiences of the traders and the only thing they need is consistency to learn new things everyday so that they grow as a elite trader. Passive mindset will just came once they already been well educated on things they need to know because if traders are tested by many market scenarios for sure they can use that to determine which and how negative and positive market phase would be profitable to them.

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