Topic: Trading is not meant 4everybody - page 10. (Read 1192 times)

You know what I constantly see in trading? Most of the people say the same things over and over again. If you don't have the balls you should stop trading! If you want to continue, learn from your own mistakes and don't get broke! Don't be a loser! Devoted traders make a shitload of money! You can do it if you believe in yourself and if you don't give up!

Or it may just be me, that I, biasedly, understand with another rationale of what's money and how you can earn it.

Trading is just for people with a lot of patience and with different strategy, knowledge and skills. People with self discipline and able to control emotions, with a lot of time to focus on trading and risky. If you don't have that qualification then I think trading is really not for you.

Being a trader isn't a joke, so you must have discipline, alot of time and efforts if you want to succeed, its not what you think that after learning alot of things about trading is you're ready to go all the time. NOPE you're wrong!!
Actually doing mistakes is good no problem with that because its part of the game but doing multiple mistakes isn't not good wherein you need fixed it ASAP,  always learn from your mistakes and remember to back test your strategy if its really accurate and use biger time frame to assure everything will be well afterwards, lastly your skills as well because that's the most important.

Always remember that it's all up to us to succeed so don't ever give up even your account is wipe out or what situation you're facing right now. It's normal because that's the process to become a good trader, if you will quit it means you're a totally loser. So think about it that after all your experience being a beginner and until you now.. Just always think positive guys peace!

Well if you actually consider starting up trading, really, consider yourself as broke unless you pull out whatever profits you've already made. As they say, trade only whatever you can actually afford to lose, and not what you can't. After all, it only takes a moment for you to lose all the funds that you've entered into the market. It also especially helps with how you value money, if you're able to decisively throw away money at the idea of earning more, trading is pretty much for you.

If you are letting your account to become zero then you aren't trading, you just gambled but ended up with no luck. Start to explore more there is no way to have 100% success rate on your trades but its definitely possible to reduce the loss and make more profits which will comes with mkre experience. If you don't want to take such risks then you are right, trading is not suitable for you.

@Lordhermes
Everything is riskS so why is trading almost different. Sometimes you will be in trade and the price is favoring you but sudden, the market stops and against your wish, your green direction. Trading is more than taking ordinary risk for me it's hidden risk.
You enter the market. You are in green. You look back. The market turns around. You are in red. You wanna take more risk. Your account is out of funds.
Would you still want to deposit?

Yes,I think everybody can't do it.Most people can invest and its safe but it is risky to newbies. Most of newbies loses Their money coz they are impatience and very emotional. When you start trading then you need to keep patience and move on.Everything change with time and coin price up and down so don't worry and kepp patience. Patience is necessary for trading.

I would agree with you where you said stop trading and improve skills if you lose continuously. First of all, you shouldn't trade with a big amount of funds at the beginning for learning purposes. So you don't need to stop trading either you lose or gain. How do you believe you can learn and improve skills if you do not trade practically? By reading articles and watching YouTube videos no one could become a pro trader at all. So it's quite important to continue trading rather than stop it totally.

But I agree that trading isn't for everyone. Especially those who don't have enough patience like me. Sometimes I take a break from the trading due to patience and when I took a break, the market always moves up. So, sometimes luck is involved with trade ad well besides technical analysis.

Trading is a game of risk,therefore,not everybody can do it.Trading is meant for the determined,it is meant for people who are not scared to take risk,it is for people who despite loosing once,they are still optimistic about winning again.
Most people can invest,because because it is safe,it does not carry so much risk,but trading needs your regular attention, it requires strategies in running it.It is indeed not meant for everybody.

This is what it meant about trading. Forcing ourselves to a thing that we know is not for us will surely just end up losing. Why? That is because some of your friends did it right or just because we see it in ads. In that case, we just make ourselves a loser and I don't see any reason why we should have to do it.

The differences we have in real life, that it tells us also that we are having a different journey in our life. And that is why we don't need to be jealous why some of your friends, relatives become successful in trading while you're not. No, we don't but rather to find a place where we are suitable and become productive rather than to force ourselves to nothing.

Yeah, I understand the feeling. But then, just have it at the back of your mind that before making the money comes the test and that's why it's literally called testimony after you've conquered. As someone who was burnt several times in the past, I have come to develop that mindset of always asking for the risks in any business anyone brings my way. And if they say there's no risk, I avoid it. I'm convinced (from in-depth study and experience) that any business without a risk is an obvious fraud. So, losing is part of trading. Even profitable and professional traders do also have moments of losses. Anyone who tells you they don't lose is lying to you. Trading is a highly speculative business. No one has the holy grail to it. Brace up for losses, only don't allow it supercede your winnings.

If you don't like hearing about losses then trading or even investing might not be for you. In the first place, you can't even learn anything in general(inside and outside of trading and even outside the crypto space) without experiencing losses and mistakes.

@Mpamaegbu
Newbies like us do not like to hear loses cause it always pissed us off. Profits is what we always like to hear, maybe it keeps us going to the doom site. I'm relearning.

Nothing ever in life is for everyone or an all comers' affair. It's the same way every business has peculiar people who indulge them. However, the major problem with trading is that every Tom, Dick and Harry think they can go into it even without acquiring the basic skills for it. That's a bogus conception and that's why a lot of those who go into trading get burned out. Trading should be treated as a professional course like engineering, medicine, law, journalism etc and great attention paid to it.

The legends understand all that. It's almost every profitable trader's experience. That's the price one pays to get it right. You blow the account, refund and blow again, then unlearn to relearn and start making profit.

Winners don't quit and quitters don't win.

Should I say trading is the act of using what you have(money/coin) in the financial market to get what you want(more money/coins). Most time, the common aim  is to get more money but sometimes things do not always go the way we expect it. You may decide to trade with $100 worth of bitcoin/usdt and end up losing the money. It's normal in the crypto market so be prepared.

Trading is not for everybody but some traders do force themselves to get more from trading which can often turn out to go the contrary of the major aim of trading. Trading is dangerous, we don't need to force it.
Note: everybody can not gain from the market; there must be the losers and the gainers. If you are losing, is either you learn more trading skills or leave the market. If you forceit, you'll end up in the slum.
 
I once traded 1.5k of usdt pairs to add some dollars to my portfolio but lose all. Should I say it was due to my low exposure to trading? No! Or maybe because I did not speculate the market moves well, no! I lose and I'm happy I realised my mistake and left trading too quick to get more skills. We'll need to know that learning never stop. Keeping learning and gain the lost time(lost time lol).

What do I mean by "Trading is not meant 4everybody" it's very simple!

You are trading and you keep losing, two options for you;

1) Stop trading
    A.) Stop trading and get more skills
    B.) Stop trading and go for something else.

2) Continue trading
    A.) Keep trading and continue learning from your own mistakes.
    B.) Keep trading and end up losing your portfolio. You are now broke!

Final results
1)  Become either a loser or a gainer.
      A.) Become a gainer or slight loser
      B.) You escape trading risks...congrats

2)  You are now at financial risk
    A.) You might end up being broke…trader!
    B.) You are now a broke trader...learn from your mistakes!

Note: I am only a newbie to trading and do mean to stand on the sight of a protrader.
           Please, this is not a true summary of a trader's path in trading and should not be used to criticize traders(Newbie/Average). Only
           for the sake of making a common sense.