Trading has always been a difficult thing,and it requires only people that have decided to take risks that can do it.
Most atimes people see the risk in trading and decided to focus on other aspect of crypto,but people that have known the strategies involved enjoy trading.
In other to be a crypto trader,one must be ready to take the risks involved,one must be able to get your mind off the money you have invested,so that should it not being any returns,one won't suffer heart failure for loss of money.
Topic: Trading is not meant 4everybody - page 4. (Read 1192 times)
@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.
Nobody likes loosing but in trading you should understand its a 50/50 chance you can looose or gain so before you start trading you have to prepare your mind for the worst. You can not be gaining money everytime definitely you there must be a time you loose money so be ready for anything. 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.
The transaction requires different trading strategies. If the transaction continues to lose money, you must change the strategy or stop the transaction to reduce the loss.
Pay attention to more emotion and risk management when trading, and first find the best trading strategy with a small amount of capital.
Pay attention to more emotion and risk management when trading, and first find the best trading strategy with a small amount of capital.
A few of the benefits institutional dealers once appreciated over retail financial backers have dispersed The openness of complex web-based businesses the capacity to exchange and get more assorted protections like choices continuous information, and the inescapable accessibility of venture information and investigation have limited the hole
Unfortunately, this is true. Many people simply simply do not know how to control their emotions and can make decisions to their detriment.
Trading is an craftsmanship and combinationatin of numerous aptitudes in the event that you pick up these abilities will never conclusion with zero.Trading is fair for individuals with a parcel of tolerance and with diverse technique, information and aptitudes. Individuals with self teach and able to control feelings, with a part of time to center on exchanging and hazardous. In case you do not have that capability at that point I think exchanging is truly not for you. Trading require consideration and time so on the off chance that you prepared for it at that point go mind it.
Trading is for those who the right sets of mind and good amount of time to learn, not everyone has that skills
to work inside this type of business, even how hard you try. If it's not going to fit, it won't work. But if you do have
that patience to learn things and you are good at assessing if what's better for your investment, chances of making
a good success from this venue would work for you.
Never ending enhancement of your knowledge if you wanted to keep moving forward, trading always needs a new system to work
with the changeable market, if you lean with one system alone, you will find out that with the new wave your system will no longer
work and it will lead to you losing your money.
To simplify the process of trading cryptocurrencies, I recommend this application https://buycrypt.com/#, I recently registered there. Facilitates trading due to the fact that you can trade crypto on several exchanges at the same time.
Traveling is not for everyone, it's 100%. After all, it still depends on the mindset, even if you are a great mathematician and an excellent analyst, if you do not have the skills of an entrepreneur and a trader, you probably will not become a successful trader, I am sure that there is no place for anyone on the stock exchange without the skill of entrepreneurship, this skill is necessary still come through a lot of trial and error in trading.
Trading is for anyone who want to learn trading, trading is not for specific or category of person. Even if one is into trading and the person is not doing well , all the person need is to learn and get understanding. I think trading is for anyone who is ready to learn to build his/her trading skill.
can not prevent anyone who wants to do something to do anything as long as he does not harm other people, as well as trading it is clear what you say that trading is not only for certain people or certain categories as well. Anyone if want to learn and want to do it, yes can.trading must be studied well so that it will not harm later, or the quickest is to practice directly with the smallest value so that you are able to find out weaknesses that can be fixed later.
You are saying the true. Trading is not for every person. I have try forex trading and did not succeed. If i try cryptocurrency trading till this year end, if I did not see a good result I will forget about trading.
In the different speculative markets there are different appreciations, because in fact they are very different, in forex the volume is consolidated, in Bitcoin not, there is already a variant there, the BTC market is much more volatile than the foreign exchange market, and its Once it is very different from the stock market, before entering a market you must know what we should focus on to find relevant information, not so much about trading but how its entire ecosystem works, from news, to the smallest of the fundamentals that make changes are made in the market.
Without continuing how can you expect someone to gain skills? Because I beleive its something attached with experience when it comes to investment and trading field so they can reduce their risk appetite and go for it or wait until they make enough money to experience the trading challenge, you can't expect everyone to become rich by trading but its certainly possible if theh do everything right.
You must understand that even experienced traders are unable to secure their capital against high volatile nature of crypto market. So, you may keep trying to trade with small capital and if you lose all your capital then go for new funds and try back your luck again with all new strategy. You may repeat this step with 3 to 5 different strategies and if you still could not make profits then I guess there will be nothing wrong to quit your trading.I'm always against quitting anything before achieving but trading is something where we need to spend for it to gain profits hence keep on trying among many losses, does not make any sense and quitting is right action here.
Trading is an craftsmanship and combinationatin of numerous aptitudes in the event that you pick up these abilities will never conclusion with zero.Trading is fair for individuals with a parcel of tolerance and with diverse technique, information and aptitudes. Individuals with self teach and able to control feelings, with a part of time to center on exchanging and hazardous. In case you do not have that capability at that point I think exchanging is truly not for you. Trading require consideration and time so on the off chance that you prepared for it at that point go mind it.
Trading is for those who the right sets of mind and good amount of time to learn, not everyone has that skills
to work inside this type of business, even how hard you try. If it's not going to fit, it won't work. But if you do have
that patience to learn things and you are good at assessing if what's better for your investment, chances of making
a good success from this venue would work for you.
You are saying the true. Trading is not for every person. I have try forex trading and did not succeed. If i try cryptocurrency trading till this year end, if I did not see a good result I will forget about trading.
Without continuing how can you expect someone to gain skills? Because I beleive its something attached with experience when it comes to investment and trading field so they can reduce their risk appetite and go for it or wait until they make enough money to experience the trading challenge, you can't expect everyone to become rich by trading but its certainly possible if theh do everything right.
Trading is an craftsmanship and combinationatin of numerous aptitudes in the event that you pick up these abilities will never conclusion with zero.Trading is fair for individuals with a parcel of tolerance and with diverse technique, information and aptitudes. Individuals with self teach and able to control feelings, with a part of time to center on exchanging and hazardous. In case you do not have that capability at that point I think exchanging is truly not for you. Trading require consideration and time so on the off chance that you prepared for it at that point go mind it.
Trading is for those who the right sets of mind and good amount of time to learn, not everyone has that skills
to work inside this type of business, even how hard you try. If it's not going to fit, it won't work. But if you do have
that patience to learn things and you are good at assessing if what's better for your investment, chances of making
a good success from this venue would work for you.
Not trying at all is failure on its own, besides no one trader started off as a profitable trader right from the onset! It takes losses for one to change losing trades to winning trades and lots of practice goes into the process to gain experience and confidence! Afaik Trading is not some kind of a calling, its a skill that requires time to learnt it, just don't rush the process.
Most of the times I say to the traders, and opinion is for the traders also that quitting the trading is not a solution to the problem, here must be some risks in trading and most of the times the coin which we had bought suddenly goes up and sometimes suddenly goes down, so there is a slight role of fortune is present in trading too, keep trying and getting experienced is the key to get profit.
Quitting isnt really the solution but on the time that everything turns out to be losing on consecutive manner then you would really be thinking off that way for sure and this is unavoidable yet we are just humans and its just normal for us to have these kind of reactions on which you would really be having those thoughts on quitting whenever you do experience this but its true that you should really be minding off first on making adjustments because this is a trial and error thing which would really requires time and effort.
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.
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.I once traded 1.5k of usdt pairs to add some dollars to my portfolio but lose all.
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.Quote
1)
B.) Stop trading and go for something else.
Winners don't quit and quitters don't win.B.) Stop trading and go for something else.
I like the part with ,,Winners don't quit and quitters don't win." but you dont need to be too sure in yourself.
Trading does not only mean profits but it also brings losses as well. So the moment you decide to trade, expect that there will be more losses particularly if you are still a newbie, and even for those skilled traders they are still experiencing losses too.
However, even if you see yourself as a good trader and yet, you still keep on committing losses, i guess there's something wrong with how you trade, either you fix it and learn more about trading, or quit from trading so you won't be making losses at all. This only proves that trading may be done by everyone, but not everyone is capable to do a good and profitable trading. Although trading can be learned, but its still undeniable that only few traders have remained successful in this kind of industry.
Many people imagine that while trading they are going to be doing fine, and since they have seen people making 100x, they get into crypto thinking they could do the same. We all know how rare it is for someone to make 100x but as with anything on social media, you only hear about the good ones. Open up instagram and check out the posts, you will see that people will share their best days at all times, because they are used to seeing the best of each other and they do the same, you do not see their worst days.However, even if you see yourself as a good trader and yet, you still keep on committing losses, i guess there's something wrong with how you trade, either you fix it and learn more about trading, or quit from trading so you won't be making losses at all. This only proves that trading may be done by everyone, but not everyone is capable to do a good and profitable trading. Although trading can be learned, but its still undeniable that only few traders have remained successful in this kind of industry.
The exact same happens with crypto trades, people share their best profits, and newbies get into crypto thinking they will be making that kind of profit as well. The reality is that, just like in real life, we have ups and downs in crypto and while you may make some profits along the way that means there will be some drops in the price as well.
Most of the times I say to the traders, and opinion is for the traders also that quitting the trading is not a solution to the problem, here must be some risks in trading and most of the times the coin which we had bought suddenly goes up and sometimes suddenly goes down, so there is a slight role of fortune is present in trading too, keep trying and getting experienced is the key to get profit.
Failure and experiencing losses are common in trading and I'm sure people who are successful in trading have experienced it too,so quitting is not the right decision but after all it all depends on everyone's decision
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