Trading is not meant 4everybody - page 6.

Silberman

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Quote from: TelolettOm on November 17, 2021, 05:51:06 PM

Trading is for those who:
1. Have at least basic knowledge of crypto and trading itself
2. Those who are able to take risks
3. Have been aware of risks so that we can manage and control ourself to minimize the risks.
4. Not only focus in profits but also process
5. Trading involves many thing, especially management of funds and also emotion.
Never be greedy and stress because of trading. Calm down

The fourth point you have in your list is one that disqualifies a lot of people but it is one I completely agree with, many people only care about the results they get on the markets, and while this posture is understandable at the same time it is incredibly dangerous to have it, after all a series of losses is something that every single trader goes through and while the trader that only cares about the results begins to question everything they have done so far, the trader that cares about the process begins to examine their trades, and if everything was done according to their strategy then they just accept this as part of the price they need to pay to obtain long term profits and do not panic due to the losses they have been suffering.

Fivestar4everMVP

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I don't completely agree that trading is not for everyone, anyone can trade effectively if they are patient enough to learn all that is to it, no body was born with knowledge of trading or any other skill there is in this world, what people are good at, they took their time to learn and become good at it.
If you really wanna trade but keep loosing when you do, don't think it's totally not for you, it only requires patience and time to learn, you decide that trading is not for you if you can't be patient and give yourself time to learn how to.

Issa56

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Quote from: LUCKMCFLY on November 20, 2021, 03:28:45 PM

Quote from: Issa56 on November 14, 2021, 03:18:06 PM

Quote from: Bushdark on November 09, 2021, 05:54:08 AM

@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.

I think you have to be get use to lost whenever you are trading, if trading is only about profit then that's what everybody will be doing but definitely something they will be lost but just make sure your profit is just far more than your lost. If you think you can't bear the lost then trading is not for you and if you are a trader always trade with the money you can afford to lose because anything can happen at any time.

In trading talking about losses is common, you should not be ashamed if you lose, on the contrary, sometimes losses are the ones that make you learn the most, when you lose it is an excellent option to realize that the vision of trading that you have is not the right one, that the strategy and plan are not correct. I have seen many YouTubers who say they give good advice on trading but they never show their balances, neither when they win nor when they lose, but they never talk about losing and how much they lose (If they actually trade), what if you should be careful the person is that his balance is always positive and not negative, that he always remains in profit.

I don't really believe in people that produce tutorial videos on how to trade most of them only talk about the profit aspect of cryptocurrency trading and they don't make mention of the lose aspect which always mislead newbies, As a newbie that don't know anything about cryptocurrency and you want to start from the beginning after watching all those videos on YouTube your mentality will be cryptocurrency is just about making profit(fit you buy a coin and you will sell at profit), not talking about losing money which they do. So as a newbie after trading and losing they endup feel bad and been disappointed which will make them lose interest in Cryptocurrency which is very bad. My advice is that if anybody is creating a video or teaching anybody cryptocurrency always talk about the profit and the lose, me in particular if am teaching a newbie about cryptocurrency I always emphasize on the lose aspect so that whenever you lose you won't be disappointed.

LUCKMCFLY

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Quote from: Issa56 on November 14, 2021, 03:18:06 PM

Quote from: Bushdark on November 09, 2021, 05:54:08 AM

@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.

I think you have to be get use to lost whenever you are trading, if trading is only about profit then that's what everybody will be doing but definitely something they will be lost but just make sure your profit is just far more than your lost. If you think you can't bear the lost then trading is not for you and if you are a trader always trade with the money you can afford to lose because anything can happen at any time.

In trading talking about losses is common, you should not be ashamed if you lose, on the contrary, sometimes losses are the ones that make you learn the most, when you lose it is an excellent option to realize that the vision of trading that you have is not the right one, that the strategy and plan are not correct. I have seen many YouTubers who say they give good advice on trading but they never show their balances, neither when they win nor when they lose, but they never talk about losing and how much they lose (If they actually trade), what if you should be careful the person is that his balance is always positive and not negative, that he always remains in profit.

martina14

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Trading is open to everyone, but the thing problem is that there are some people who entered to this industry of crypto trading who doesn't have any knowledge about it where in the end they cried or loss their assets. But if you are a type of trader who is willing to learn first before aiming to earn good, I could say that in the long run you can able to earn good in the future for sure.

Fesatmas

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Quote from: Finestream on November 18, 2021, 01:07:03 PM

And so when you start loving crypto, it is by all means create a continuous learning from crypto, even if it means losses which can also give you lessons too. So i think everyone can really trade, but not everyone can bear losses and that is the reason why some traders chose to leave than to continue trading and keep on making losses.

However, since trading is very speculative, once you trade, you should also anticipate not just only gains but losses too because even skilled traders still lose in trading. Its more on building your attitude too towards your losses. But if you think, you're no longer good for trading because you even maximize committing losses than gains, then better leave or maybe take a break while still learning to make a good trade.

Obviously liking crypto makes us feel like we don't feel pressured for profit adapting to volatile trading. That's what I always teach when someone comes along wanting to start crypto trading and complains to me. So the first question I ask is: get to know crypto until you like all the characteristics that crypto has. The basis for my liking for crypto in the beginning was the freedom of transactions that were in my hands without having to deal with government institutions.

freedomgo

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Quote from: doomloop on November 19, 2021, 12:22:45 PM

Quote from: ?? on ??

It should be understood that trading is a rather specific occupation, and it is not easy to work in this industry.

Yeah, if after trading for a long time and it is not working, it’s good to take a break and make good decision for yourself. It’s either going to be that you quit from it or you can decide to look at skills and strategies and see whether there are areas that needs to be improved for you to get better, but if that’s not working out then it is best for you to just quit, rather than continuing with the trading and keep on losing your money while you’re gaining nothing.

I have seen people who took this risk of persisting even at a time when they are losing, and to be sincere with you, that doesn’t really work, because a lot of them went really broke and they start regretting why they ever did.

If you keep doing a certain thing that is not with your own passion, you will certainly not succeed. Just like in trading, no matter how hard you do it and you even use a lot of strategies just to succeed, the fact that there is really something wrong with how you trade, you will never really gain profits. So maybe start evaluating yourself if you really have the guts to keep on losing, or you just try other things that may be easy for you and will also fit your personality. Because in trading, if you also don't have the right attitude, you will still end up a loser.

doomloop

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Quote from: ?? on ??

It should be understood that trading is a rather specific occupation, and it is not easy to work in this industry.

Yeah, if after trading for a long time and it is not working, it’s good to take a break and make good decision for yourself. It’s either going to be that you quit from it or you can decide to look at skills and strategies and see whether there are areas that needs to be improved for you to get better, but if that’s not working out then it is best for you to just quit, rather than continuing with the trading and keep on losing your money while you’re gaining nothing.

I have seen people who took this risk of persisting even at a time when they are losing, and to be sincere with you, that doesn’t really work, because a lot of them went really broke and they start regretting why they ever did.

Zanab247

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Yes, trading is not meant for lazy people who see everything as a magic without giving a try to that particular thing to know how investors are using it to make money in the community. If you started trading with fear don't expect anything good from your trade because your mind will not let you comfortable with the trading in the market.
Those professional in trading, it hard them to experience failure in their trading because them know all the rules and regulations that guide trading and also understood the environment they are and how to remain in profit making. They don't trade with fear no matter how poor the market look like because they believe that market can change within a seconds or a minute.

AicecreaME

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Life decisions is all about trial and error, to figure out the things you wanted the most and where your skills are fitted, because you won't grow if you keep doing what you don't want to do. There's the saying that goes "If you do what you love, you'll never work a day in your life.", same goes in Trading. If your friends makes fortune in Trading while you do not even though you started the same time with them and study the same thing, then the problem is your adaptation in that field.

Maybe you are suited to do something else and trading is not it. So don't be afraid to start again until you make profits just like what you wanted.

Bagaji

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Yes trading crypto currency is not for everyone but so many people out there are not aware of this fact and was why many of the newbies do trade in the name of making good money but end up loosing their whole capital. Try and learn from other people's mistake and not your own mistake because if you learn from your mistake you are already a failure.

rodskee

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Everyone deserves something but not everyone deserve everything , this case of what we deserve according to what we wanted .

If you want to be a trader then you must work for it and this will not come to you overnight and instant.

take time, effort and skills.

if you don't have those qualities then Yes you are not for trading .

carrigan

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It's true that trading is not meant for everyone. Just as work has its own portion for people. Not everyone can take all the jobs, they have their own advantages and expertise. Trading is like that, but for those who want to be determined and learn it is not impossible that they will become reliable. Trading is risky but also generates profit, just like any other business or job that has its own plus and minus values, but the cryptocurrency world is known to have a high risk due to its fluctuating value. But everyone until now is still pursuing crypto and its development is progressing. It is an extraordinary thing to see the enthusiasm of the community from year to year is increasing.

iv4n

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Quote from: Gosgosking on November 19, 2021, 01:39:51 AM

Trading is not for everyone. You can't just start trading without having any knowledge about trading. Trading are for people who have knowledge about trading, people who have take time to learn and understand what trading is all about. Trading are for those who have found out what trading is about.

Anyone can try to trade... and I think everyone should give it a try! It's the only way to find out if trading is for you or not! Of course, don't try it with everything you have, don't borrow money for trading if you don't have any clues about trading... but I guess anyone can spare some money and give it a try, and who knows, maybe you will find yourself in trading!
We are not born with knowledge and experience, it's something we get along the way! In that process, it's normal to lose some money (like paying for school), the point is the learn something from your mistake and losses, and try to do better in the future if you are able to... if not just quit trading and focus on something else!

Gosgosking

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Trading is not for everyone. You can't just start trading without having any knowledge about trading. Trading are for people who have knowledge about trading, people who have take time to learn and understand what trading is all about. Trading are for those who have found out what trading is about.

Kelvinid

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win lambo...

Quote from: Ryker1 on November 18, 2021, 04:56:11 PM

Well it seems that is right that trading is not meant for everyone, trading is those people who have already skills and knowledge on it and if you don't have this, it seems you are wasting time and money. Many people think that trading is very easy to gain profit but they never know how hard it is to guess the market without any preferences just only hope that your speculation will become right. Because it took years for me before I have learned in trading but even that long I did not pursue myself to stay in gambling.

We can see and feel what really it was when we are in actual trading. Many had just over speculated and over-think there is easy money in trading which in fact, many had to suffer losses before they fully understand this.

For many reasons why some traders don't continue their journey in trading. Time and Capital is the major cause of this. Having to spend more time in the market, the more you could understand the situation as TA has been made. And if you have huge CAPITAL, helps you to gain more profit in a shorter time ( but has the possibility of losing big too).

Mahanton

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Quote from: blockman on November 18, 2021, 06:22:51 PM

Quote from: Hamphser on November 17, 2021, 05:46:06 PM

Quote from: blockman on November 17, 2021, 05:03:36 PM

Quote from: cheezcarls on November 14, 2021, 07:16:12 AM

Yes trading is not for everyone. I’m not a day trader, but more of a long term holder. I occassionally buy a specific coin or token, holding until I wait for the price to go higher in order to sell for a profit. Of course one day I wanna be a day trader but I need to learn a lot of trading skills, techniques, etc.

Many of us are holders and people who have given up in trading, they still have an option to go through with just holding and buying of coins that they like to hold.
First choice of everyone is to hold bitcoin and then if you're holding enough of it, that's the time that you're going to look for another altcoin to hold, be it long term or short term.

Given up or smartly made out some choice and making themselves as holders instead of becoming active ones because they can able to handle out the

risk when it comes on active trading because we know that prices are way too volatile which its really hard to engage if you are not experienced enough

but well you wouldnt know on how to handle up yourself if you wont be letting yourself on practicing which is really a very normal thing to be done
but majority had chosen on not to be on that part.

Practice if you think that there's something that awaits you with it. But if you think that there's no point in continuing then just don't do it. It would be a waste of time and money for you if you think that there's nothing anymore with it. Be smart on your choices and if you just keep on losing, you've got to be correcting your decisions and it's not too late for you to change plans if you're not productive in trading.

We could eventually point or feel it out when you do already comes to a point on where you do seem not to be effective anymore on what you are doing.
You would really be noticing it out that you arent doing good even you do already try your best and able to check and apply all of your learnings that you do had
or even had seek out some help on someone who do have much more knowledge but still turns out to be on the bad side.

blockman

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Quote from: Hamphser on November 17, 2021, 05:46:06 PM

Quote from: blockman on November 17, 2021, 05:03:36 PM

Quote from: cheezcarls on November 14, 2021, 07:16:12 AM

Yes trading is not for everyone. I’m not a day trader, but more of a long term holder. I occassionally buy a specific coin or token, holding until I wait for the price to go higher in order to sell for a profit. Of course one day I wanna be a day trader but I need to learn a lot of trading skills, techniques, etc.

Many of us are holders and people who have given up in trading, they still have an option to go through with just holding and buying of coins that they like to hold.
First choice of everyone is to hold bitcoin and then if you're holding enough of it, that's the time that you're going to look for another altcoin to hold, be it long term or short term.

Given up or smartly made out some choice and making themselves as holders instead of becoming active ones because they can able to handle out the

risk when it comes on active trading because we know that prices are way too volatile which its really hard to engage if you are not experienced enough

but well you wouldnt know on how to handle up yourself if you wont be letting yourself on practicing which is really a very normal thing to be done
but majority had chosen on not to be on that part.

Practice if you think that there's something that awaits you with it. But if you think that there's no point in continuing then just don't do it. It would be a waste of time and money for you if you think that there's nothing anymore with it. Be smart on your choices and if you just keep on losing, you've got to be correcting your decisions and it's not too late for you to change plans if you're not productive in trading.

Ryker1

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Well it seems that is right that trading is not meant for everyone, trading is those people who have already skills and knowledge on it and if you don't have this, it seems you are wasting time and money. Many people think that trading is very easy to gain profit but they never know how hard it is to guess the market without any preferences just only hope that your speculation will become right. Because it took years for me before I have learned in trading but even that long I did not pursue myself to stay in gambling.

jaberwock

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Quote from: matchi2011 on November 18, 2021, 07:11:06 AM

The qualifications are indeed important, those who are willing to learn and risk are the one that will
have a greater chance of succeeding in this market. It's tough to compete with other traders,

you are risking your money each time you place your entry, but with good understanding and with skills
that you keep enhancing, the chance is good.

Just don't move with hypes alone, but always make sure to have good information before you ride.

I was willing to learn but I wasn't willing to risk that much since I didn't have that much money and I didn't want to lose any neither. It took me years but I managed to be better at trading, which is really a tough thing to do for me but I still manage to do it. What makes risking so much better is the fact that you could literally risk so much money but in the end you could basically just focus on learning from your mistakes if you risk much and then lose much.

This is why I believe that there is a good time to risk and there is a bad time to risk. If you are about to learn from your mistakes and the market is not bad (because if market is bad then we all lose) then you could actually profit from it in the long term. Whatever you do in life, make sure that you are about to either profit from it or you learn from it, never let anything be just a simple loss.

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