Topic: Trading is hard!!! - page 3. (Read 1405 times)

I believe that it's ever evolving thing that we need to do, that would be the only thing that could make sense, otherwise it is not going to be that easy at all. I know that people want to learn and then be good, but that is not how it works, you need to learn to be good, but then you need to keep learning to stay good.

If you study trading even for a whole year, and then start trading, you will be good for only a while, after a while, if you stopped studying, then you will slowly get worse and worse and worse. It is an ever evolving thing and that is why you need to end up with something that has to be a bit different and could have different results. I personally have to focus on a thing that has to be a big deal, we just need to consider that as an option.

The point is that trading and investing have differences and both are not done without having the right knowledge.
Taking one or two any trading strategy really depends on trading needs and if someone doesn't master the strategy, they can't execute it properly so every time they get involved it won't provide any profit.
Trading requires much better skills, otherwise the results of the trades carried out will not produce any results.
Meanwhile investing is very easy, buy and wait until the price rises as desired and there is not much knowledge that needs to be learned.

A trader only needed one trading strategy not necessarilymany thus the trader is expected to tweak and adjust the strategy to earn a profit of atleast 2x while risking 1 meanwhile investing in cryptocurrency is different from trading it, when you invest in it you are expected to hodl and remain patience till the market sentiment changes to bullish thereafter partial profit is taken while leaving the other investment to thrive, Incase of crypto trading this requires skills which is not easily acquired as you rightly said it's not every Tom, Dick and Harry can be a trader because 95% of traders losses their portfolio.

That's the reason why we should not compare ourselves to others and question why I'm not successful or why I am profitable because of our differences,
 - handling the situation, decision-making, and behavior.

And more often we commit mistakes because we let our emotions decide. That is why if we want to succeed, we must deal with it. If we keep our mind positive, we can rip off our negative emotions but if we have doubts already, better not to continue as it only leads to failure. Trading is risky and stressful, so we need to prepare ourselves as well on how to handle it.

Not sure what you mean exactly. However, it is true that each trader may have a different knowledge capacity/level. So, it may influence the way to trade, knowledge will have a big role in trading. Experts will never rely on people's prediction (signals) because they can make their own prediction. But for beginners or people who have lack of knowledge are very possible to rely on people's prediction (signals) to decide buying or selling. This is very risky because we don't know how accurate the prediction (signals) made by random people.

We mustn't rely on certain people or experts to get the signals. It never guarantee for profits! It is just a common prediction that has no guarantee for the accuracy.

This is why i dont really believe into those so called experts,gurus,mentors when it comes to trading world on which there are even to those someone who are really that trying out to make use of their knowledge and
telling those noobs around that they are really having that good strategy when it comes to dealing up with the market. Majority of noobs would really be that fascinated on what are these people been saying and this is why we do able to see that they are really that able to hook up into those people to join up on the said group and this is why it isnt shocking that there are still people who are really that having that kind of
beliefs but sooner or later those things would definitely be changing up. As you do go ahead then you would be able to realize on whats the truth and you will be able to point out that there's no
one could be able to predict on where prices could go.

Trading is hard and never been simple. If there's someone whose really that having those kind of claims that they are profitable and have that good winning rate and as king for some sub fees
then better stay away. You could actually be able to learn up trading on your own without the help of those mentors on which it is really just that a matter of
effort and time to be spend on learning up things and take an action with it.

Acquisition of knowledge is differ so if the person is an expert as well, and if you are not serious to learn, you can't make it and be like him. And when you are trading don't follow the prediction price but follow the real market or Price. If you follow the prediction price then you will miss track and all your funds in the trade will just lost. And as we said it before, don't just go into trading because you have gotten a very small or a little knowledge about it but join when you have gotten enough knowledge in it. And make sure you know your entering and exit point in any of your trade.

I have said it before if you have an expert instructing you to trade them always wait for him to give you signals if not you will lost you funds for trying to prove yourself as a good trader. As it is said, " trading is difficult".

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Hmmm, and who told you there is one expert's secret somewhere? There could be some stingy experts who are secretive truly, but I must tell you that the majority of them are not like that, especially those who are teaching others how to trade. They will reveal a lot and even mentor them, but the issue is that no matter what they teach them, if they are not wise in their application, they will still fail. That is the difference. This is the problem with most traders these days, not that any secrets exist, but they lack application and consistency. There are a lot of people I have thought about how to trade but I hardly see anyone who is serious like me, they always give up easily and will be begging me for trading signals. That is a lack of seriousness and determination to be successful in trading.

Imagine, the same person I thought the strategy I use still begging me for trading signals. You can see it now, to many, if they see me making more winning than losing, they would think there is one secret somewhere, but in reality, there is none. It is just a matter of practice and perseverance. If you do it well, you get to connect with the market and continue to realise your mistakes and get to be correcting them steadily. Also, the best part of trading for success is not about the trader knowing everything. The simplest trading strategy can make wealth in trading, but the trader must be ready to work with the proper money and risk management along with it to make that possible.

Many people lack the latter.

Cryptocurrency requires knowledge, especially when it comes to trading I think it is important to have the most knowledge. The more experienced a person is about the market, the more profitable he can be in trading. Especially if you have the ability to take risks then you should hold on to a little trading so that you don't panic even if you lose. There are many traders who panic when a small amount of loss increases. If you have knowledge and understanding of the market in trading, you will surely succeed.

Outdated methods may be more about how someone goes about business development because they take a lot of time to start learning them. Meanwhile, trading can be learned in a short period of time, but it still carries a level of risk of loss even though we have studied it correctly according to what we have learned.

Now there are many mentors who teach how to trade and maybe people also need to examine the mentor's ability to teach the correct way to trade. Trading cannot always produce profits even if people are experienced enough in trading.
But what differentiates people who are experienced or not is how they deal with subsequent trades. Usually experienced people will try to recover previous trading losses in the next trade and they will be much calmer in dealing with these losses.

Here is the thing, when people focus both on profit and also learning while doing trading, they are not going to be successful at it. Because when you focus on profit, your mind diverts from learning to money. While you are learning you should only focus on gaining the knowledge and experience and never focus on profit.
If you keep on learning and do everything bye your strategy, you will end up with profit that you didn't want. It becomes like a natural thing. You don't run after profits instead, profit finds you.
And don't give up just because you are losing. Losing is also a part of the process. So you better trust the process.

Not a ton of people would be like that. If you learn, and I mean like really learn by studying to be a great trader, and if you become veteran at trading by trading a ton, then you should be considering the way you could make a profit. I get that it is not going to be easy, and yes there are few people who do not make profit even after trading for a long time, but that doesn't mean that we are not going to make that profit.

So, we should consider the option of making a profit slowly, and that could be something that should matter, we are going to end up with a greater deal. I get that it is not going to be a simple thing, but it is also not impossible neither. Give it enough time and you should get better at trading and make some profit.

Yes, it's not supposed to be easy because it's a profession. This is the mistake many make, thinking that trading is a past time or something of leisure. No, it's not. It's serious business. It's a profession on its own like any other high paying profession. It's not less of a profession than medicine or engineering. People don't become doctors or engineers overnight. So, why should someone expect to be profitable overnight trading? Nothing good comes cheap or easy. That maxim is apt for trading.

also patience in long terms is also important, because in need of getting everything early cause us to focus on different things and difference interests which wastes out time.
in trading also and in life too, Being patience is key, impatient traders take wrong trades more often like I used to do, Because i whole time seeing the chart and quick spikes cause me to take a trade.
which came out to be a losing trade, so now i just use tradingview reminder if a price come to certain price. and be patient.

It's the ability to adapt to your surroundings. Those who are learning for decades, they are learning something that is outdated and a fixed strategy that cannot be applied everywhere. In this evolving cryptocurrency market, if you are stuck with only one strategy you cannot compete with others. So it does not matter for how long you have been learning. If you don't have the ability to combine everything and come up with a new strategy according to the ever-changing market condition, you cannot be a profitable trader.

If everyone use the same strategy, there will be no point and competition in the market. And someone's lost is other one's profit. That is why people come up with new strategies on their own in order to keep themselves on top.

That tells us that even learning from experts or from professionals who have a successful trading story couldn't assure that we do and act like them. They are just showing steps based on the predictable price, not based on the real market. We have to note that the market is too volatile and this is the reason why we often fail due to our different market approach and thinking. I was certain that we couldn't have the same response to the market movement especially if we are using different coins. Expert has their secrets which they never tell during seminars and that is their ticket to success.

Yes.
Trading isn't for the impatient people and if you don't have this, you better stop trading because this is going to be the major fall down of that trader when he can't be patient at all times.
The market is volatile and so rapid but as a trader, with those factors you need to remember on how you should apply patience for all of your trades.

   

Trading is something that has been around for hundreds of years and I would say it's even part of human’s nature. Not everybody owns the same things, so people need to come together and exchange their assets for people to get their things they want. As part of that trading there will always be a winner and loser, even if the difference is only small. Making a profit in trading has been a profession for a long period of time. Back in the old days, before planes it was the merchants that would sell part of their ships to investors that want to make a profit. That profit is based on the risk involved, as there is no guarantee that profit is going to be paid. Evaluating that risk and making sure we remain profitable over a longer period of time is difficult, but I would never say it's a Ponzi scheme. As long as we are learning from our trading mistakes and make sure that we don't repeat them it will be alright. There is no trader in the world that is 100% correct with all his trades. As long as we achieve a 55-60% success rate on our trades we will be fine. Also, there is no real alternative to trading and investing, because the savings account will never make enough return to offset the inflation rate. 

I have seen many people who are trading and learning constantly but still they are not profitable,
I don't know why some kids are profitable (I seen interviews) and other people who are trading for decades take courses from other traders or attend seminars from other traders.
they are still learning and not profitable, I have seen some seminars on youtube and interviews.