trading is good for traders with passive mindset - page 7.

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Quote from: goaldigger on July 02, 2022, 03:55:22 PM

Quote from: palle11 on July 02, 2022, 11:49:41 AM

Quote from: Findingnemo on July 01, 2022, 09:26:16 PM

but this is for the short term traders right who has to spend more time for doing this then how can we call it as passive?...

Yeah I think op didn't understand what that passive means and that contradict his message in the thread. If he says trading is for the passive mindset and not for the laggy mindset, it is confusing. Trading isn't necessary for the paasive mindset but I believe risk takers best suited for trading. You trade for the risk of your money to get more money.

Risk takers are the right words it since trading is not a passive activities and it requires a lot of analysis, OP might confused regarding this one. Once you are a trader, you understand the possible risk of buying and selling, you don’t just wait for the price to go up and down because trader usually follow its target prices. Passive income are come to those who are just invested passively and doing nothing, because they are just waiting for the market to hit their targets.

Passive income are for investors most of the time especially those who don't have much time to analyze the market while in trading, I can't see any passive there since they are actively thinking about their next entry. Day trader obviously are not a passive one, they go for a short term buy and sell and they tend to actively monitor the price trend. Trading means you buy and sell, once you have this activity it is no longer a passive one, which means trader's mindset is not a passive one.

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Quote from: palle11 on July 02, 2022, 11:49:41 AM

Quote from: Findingnemo on July 01, 2022, 09:26:16 PM

but this is for the short term traders right who has to spend more time for doing this then how can we call it as passive?...

Yeah I think op didn't understand what that passive means and that contradict his message in the thread. If he says trading is for the passive mindset and not for the laggy mindset, it is confusing. Trading isn't necessary for the paasive mindset but I believe risk takers best suited for trading. You trade for the risk of your money to get more money.

Risk takers are the right words it since trading is not a passive activities and it requires a lot of analysis, OP might confused regarding this one. Once you are a trader, you understand the possible risk of buying and selling, you don’t just wait for the price to go up and down because trader usually follow its target prices. Passive income are come to those who are just invested passively and doing nothing, because they are just waiting for the market to hit their targets.

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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 sounds like a very negative word to me. I would rather replace the word passive with Patient mindset. I feel people who are more patient towards learning how to trade and then trading too will always succeed in the market. This is because they learn from their mistakes and develop skills over time. In trading learning from your past mistakes is the most important thing while developing a system. It's all about hit and trial until you develop a foolproof system that can actually fetch you some money. until this happens all of us are just doing hit and trial.

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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.

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Quote from: Findingnemo on July 01, 2022, 09:26:16 PM

but this is for the short term traders right who has to spend more time for doing this then how can we call it as passive?...

Yeah I think op didn't understand what that passive means and that contradict his message in the thread. If he says trading is for the passive mindset and not for the laggy mindset, it is confusing. Trading isn't necessary for the paasive mindset but I believe risk takers best suited for trading. You trade for the risk of your money to get more money.

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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.

Trading needs dedication and passion because it needs broad knowledge and understanding. It also needs patience so it isn't for people who want to get rich in an instance. It requires a proper and positive mindset because of the volatility of the market could literally affect our emotions so we have to deal with every change.

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What is clear is that if you want to trade and make a profit, you will have to learn a lot about trading overtime to get as much profit as possible. It may be a busy venture but it is well worth trying because you want to profit from trading. Learning more about trading will teach you how to analyze properly and correctly, determine what coins are worth trading, and so on. Learning to trade never stops unless you decide to stop trading.

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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.

The only problem by newbie when they want to do trading was they keep doing what pro traders do and keep thinking on buying/selling without any knowledge about proper technical analysis which is the reason why they always result to loses. Why newbie don’t understand the importance of just holding and forget other bullshit trading strategy to save time and hassle on thinking how to make profit because no one loss unless you sold so why not keep buying and holding and just wait while doing your normal daily activities in your life.

Many people keep looking on the chart every seconds and always lead to fear when they see price is going down. This is always the case why most newbie trader never get success on this field.

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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.

There are a lot angles though, yes you need to spend a lot of time in trading to make money or in order to be successful. But you also have to learn and adapt things, you can't just be linear here. Sooner or later you can be aggressive and then passive or both. In short there is no one strategy that is going to work. Your mindset adjust as you gain experience. And always remember that you are not always going to win, most of the time it's best to take some losses.

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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.

Trading if ending up as a "hectic" endeavor, then it is not being done properly. Trading means buying when the market price is poor and selling when the price is up. If this ends up giving a mental toll on the person putting their money in, then they need to rethink what they are doing in the first place. They mostly bought at the higher prices and now trying to sell at lower or they are out of money to buy anything more out of the bear market.

While both of these are happening, people must remind themselves that trading is not everything in life. While market will go up and down, there are things outside the market which should be given attention too - if you dont divert to such things in life, trading will end up being a chore and that will drain you.

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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.

Trading with full capacity does helps , but not great changes can be seen.
It’s not the user who controls the market, so it doesn’t matter how much hard you learn to trade. At last if the fortune is not yours then your wallet will be red.
I am not saying that learning about trading won’t at all help, rather it helps but that help doesn’t make a great difference between a normal trader and a veteran trader.
These are my thoughts, this might be different for someone else. But yes i treat professional traders like this.

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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.

Thats easy to say but not all trader didnt suffered any loss. Mostly got some gains but eventually loses too in the end. Why? Even though consistency is there, were not a fortune teller to make an accurate movement of the market. But surviving many losses is what weve called an expert trader. I myself didnt do much trading cause I know the risk. Maybe doing some scalping but not in the regular basis of I have quota per day to win a single day trade.

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The issue with crypto and stock trading is general is that’s most people start trading during a bull market. And you all know how bull markets are, basically anyone can trade them.

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.

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You just described how to attain success with almost any other skill/industry using the very generic "positive mindset" advice. Nothing new here.

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I don't think it's all true. everyone always has their way of more easily understanding new things. like someone who learns about trading tools and analysis. Everyone has their approach to getting the easy way of learning.
some people who only focus on crypto trading. I am sure they have good observation and experience for daily profit. but it won't take up a whole day in front of the monitor. those who are experienced, know very well when to enter and exit trades made.

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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.

What kind of trading we are actually talking about because you said passive and also mentioned investing time and developing skills which I think about analysing the market deeper and build own strategies to make the money but this is for the short term traders right who has to spend more time for doing this then how can we call it as passive?...

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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.

Isn't a passive mindset bringing a negative connotation? Something like not being responsible for anything? Here is a sample explanation:

Quote

You're not willing to do something hard. You're not willing to sacrifice what's needed. The passive mindset is defined by an attitude, an assumption that life happens to you and you're not responsible. People with this mindset also say things like, “Why does this always happen to me?”

source: Yes, It’s All Your Fault: Active vs. Passive Mindsets

I think you are talking about our minds being passive in the sense that they just absorb anything without resistance or emotion. but saying for the passive minds just beat the sense of trading since trading needs an active mind that is ever reacting to changes for adjustments adoption, and calculations, especially in risk management.

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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.

^ That is why trading is not good for everyone because trading will not give profit if you lack knowledge of it.
Trading is meant for those people who are willing to learn, willing to risk, and willing to spend their time and effort, those mindsets will most likely succeed in trading in the end but those who want to have a quick profit will probably end up a loser. Laggy mindset will like the pump and dump activity, they cannot decide on their own and always relying other's opinions, which commonly falls into a trap and always a prey of those predators.

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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.

Trading welcomes everyone but only those who have the capability to understand and are also those who are willing to change their mindset will stay and succeed. Even if we have a positive mindset but if we don't have skills and knowledge, that is still useless. Just like Lanatsa said, it requires ample time and effort to do trading as it was not an easy job to make.

Though it welcomes everyone, somehow there are so many reasons why many had failed, not just only having a negative mindset.

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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.

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.

Topic: trading is good for traders with passive mindset - page 7. (Read 1427 times)