Trading is not meant 4everybody - page 7.

palle11

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Quote from: GeorgeJohn on November 13, 2021, 03:13:31 AM

Op I'm disputing the fact that you said trading is not meant for everybody, trading is for everyone who is cryptocurrency enthusiasm,

I think what op means is in different shades as for whether trading is not for everybody. Yes not everybody can bear losses and trading is about losses and profit. Some don't have patience and understanding trade you have to be patient. These categories can't trade because of the capacity they lack and if they continue to trade they will continue making losses. That is the aspect I understand what Op means.

Quote from: GeorgeJohn on November 13, 2021, 03:13:31 AM

and it only come like game of luck because of it's nature of profit, so everybody who are into cryptocurrency especially bitcoin can adventure into trade as well,

No not all categories of bitcoin or cryptocurrency ethusiast will trade. Some prefer to hodl because they can't trade. And trading isn't referred to as luck game like gambling because gambling is about luck, it is not analysis based but trading is based on chart and analysis.

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Quote from: Patigi on November 18, 2021, 03:13:57 PM

Yes, it is truth that trading is not meant for everybody because trade is out of buy and sell between short periods of time and when you don't have enough knowledge on what you are about to trade you will just continue losing. And in trading you will be a type person that is ready to take a risk compared to the risk of invest. And is not everybody is ready to play a daily risk. Trading also need day by day research on type of coins you when to trade and is not everybody is ready to do research on coins

There are really things which arent really meant for us which does simply means that no matter how hard you do try or how long you do dealing with it but still turns out to be bad or not really that much effective or profitable then there's something wrong with your trading or basically it isnt really for you but

how you would really able to determine that it doesnt work on you? Some do set out some specific periods or just on point decisions when it comes to this.

So its up to you whether you do pursue or force it out but honestly trading isnt something you could take grasp of on a very short time.

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Yes, it is truth that trading is not meant for everybody because trade is out of buy and sell between short periods of time and when you don't have enough knowledge on what you are about to trade you will just continue losing. And in trading you will be a type person that is ready to take a risk compared to the risk of invest. And is not everybody is ready to play a daily risk. Trading also need day by day research on type of coins you when to trade and is not everybody is ready to do research on coins

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Quote from: xSkylarx on November 18, 2021, 01:13:30 PM

We are opposite since mostly the people i know are they want to trade but they dont have knowledge and also they know the risk of lossing their money. Some of my friends tried since they thought it was easy which the end is they lose their money. There are also kind of people that want passive income which holding or like investing only but it has also high risk this means that people have their own preference whether what is that it has still has a risk and we should respect that.

Everyone's preferences will of course be different. Like your friend who lost money due to his ignorance about the risks of trading in cryptocurrencies and has no trading knowledge.
Trading knowledge is very important, because trading is not just buying cheap and selling high prices. It looks simple but behind it all there are many risks and pressures that will occur.

Trading is not meant for everyone, but everyone can trade without knowledge or using trading knowledge.
without knowledge it will be very risky because trading guesswork and trading with knowledge will certainly be better because you know what to do and know the limits.

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Quote from: maydna on November 18, 2021, 04:55:22 AM

Quote from: nurilham on November 17, 2021, 05:59:03 PM

the fact is that it is, not everyone is able to survives in trading but everyone can learn trading. when crypto becomes more and more booming, there will be many people who are starting to get to know crypto and try to take advantage of it, one of which is by trading. in my place there are many young people who started trading but in fact only a few are surviving today. shows that indeed trading is not for everyone, only people who are capable and can manage it can do it.

If people can learn to trade, they will be able to survive in trading, and even they can have a chance to choose the coin to trade and make a profit. Sometimes, people don't want to learn about trading but only use other people to buy and sell the coin without knowing if that can work for them or make them lose the money. The key is how they are willing to learn to trade and improve their skills to make a profit.

We are opposite since mostly the people i know are they want to trade but they dont have knowledge and also they know the risk of lossing their money. Some of my friends tried since they thought it was easy which the end is they lose their money. There are also kind of people that want passive income which holding or like investing only but it has also high risk this means that people have their own preference whether what is that it has still has a risk and we should respect that.

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Quote from: Fesatmas on November 18, 2021, 12:41:14 PM

Quote from: nurilham on November 17, 2021, 05:59:03 PM

the fact is that it is, not everyone is able to survives in trading but everyone can learn trading. when crypto becomes more and more booming, there will be many people who are starting to get to know crypto and try to take advantage of it, one of which is by trading. in my place there are many young people who started trading but in fact only a few are surviving today. shows that indeed trading is not for everyone, only people who are capable and can manage it can do it.

Agree, although some of them are carried away by the current booming hype. Whether this method is the right start or not, what is certain is that after the pandemic started, it was a massive sign among many people dealing with crypto. The push of the news as well as the saturated environment due to laid off jobs they discovered crypto trading.

Unfortunately, when we consider crypto trading, it is based on a love for cryptocurrencies, while what is currently rife is only driven by the uncertain economic situation.

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.

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Quote from: nurilham on November 17, 2021, 05:59:03 PM

the fact is that it is, not everyone is able to survives in trading but everyone can learn trading. when crypto becomes more and more booming, there will be many people who are starting to get to know crypto and try to take advantage of it, one of which is by trading. in my place there are many young people who started trading but in fact only a few are surviving today. shows that indeed trading is not for everyone, only people who are capable and can manage it can do it.

Agree, although some of them are carried away by the current booming hype. Whether this method is the right start or not, what is certain is that after the pandemic started, it was a massive sign among many people dealing with crypto. The push of the news as well as the saturated environment due to laid off jobs they discovered crypto trading.

Unfortunately, when we consider crypto trading, it is based on a love for cryptocurrencies, while what is currently rife is only driven by the uncertain economic situation.

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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

Yes, the above are good points but I feel it omits the part where new traders join and learn to become traders.

While the points above are relevant, anybody with the drive and ability to learn and take the time to trade and experience the good and bad that comes with it can succeed.

Trading is for sure not for amateurs because it can end up costly and in disappointment.

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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.

The earlier you hear about losses the better for you and other newbies because it will help you to learn the business of trading faster and cut off from losing your account often. If you know that losses is a nightmare then you can start reading, learning and looking for ways to stop losses or reducing it and your best option is to adopt the use of stop loss and taking of smaller risk and not being greedy. So it is important that you love the word loss in trading because you can't avoid it but if it comes few times, that is better.

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Quote from: Hippocrypto on November 18, 2021, 12:43:58 AM

Quote from: nurilham on November 17, 2021, 05:59:03 PM

the fact is that it is, not everyone is able to survives in trading but everyone can learn trading. when crypto becomes more and more booming, there will be many people who are starting to get to know crypto and try to take advantage of it, one of which is by trading. in my place there are many young people who started trading but in fact only a few are surviving today. shows that indeed trading is not for everyone, only people who are capable and can manage it can do it.

Indeed. Trading is for those who have the basic knowledge about it. Everyone might not survive trading but they might be able to learn. When people get the news that crypto price increases or booms, people start to know cryptocurrency, just like me, I search it everywhere for me to learn something about crypto. It is also for the people who are willing to take risks, who knows on how to control those risks to minimize losses and know how to set plan especially when market changes. That's why people especially those newbies should be serious when it comes to trading, money is involved here.

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.

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Quote from: nurilham on November 17, 2021, 05:59:03 PM

the fact is that it is, not everyone is able to survives in trading but everyone can learn trading. when crypto becomes more and more booming, there will be many people who are starting to get to know crypto and try to take advantage of it, one of which is by trading. in my place there are many young people who started trading but in fact only a few are surviving today. shows that indeed trading is not for everyone, only people who are capable and can manage it can do it.

If people can learn to trade, they will be able to survive in trading, and even they can have a chance to choose the coin to trade and make a profit. Sometimes, people don't want to learn about trading but only use other people to buy and sell the coin without knowing if that can work for them or make them lose the money. The key is how they are willing to learn to trade and improve their skills to make a profit.

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Quote from: globalpain on November 18, 2021, 02:38:15 AM

you could say that now many people know and are interested in cryptocurrencies, it's also inseparable from the pandemic so that many people are starting to get interested because it can generate big profits

Due to fake promotions and kind of hype by manipulations, people started to think about crypto trading in their free time, which is definitely not a good sign because to enter in cryoto trading, we require lots of preparation and practice but when people want to make use of their leisure time but failing to undergo all the requirement of crypto trading for successful career then it is right to say that crypto trading is not for everyone.

Quote from: Bushdark on November 09, 2021, 05:03:17 AM

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.

You are right but people may need to leave trading but definitely not bitcoin market because other than trading there are lots of other opportunities are available hence no need to completely quit bitcoin market as they may start DCA based investments, for example.

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Quote from: nurilham on November 17, 2021, 05:59:03 PM

the fact is that it is, not everyone is able to survives in trading but everyone can learn trading. when crypto becomes more and more booming, there will be many people who are starting to get to know crypto and try to take advantage of it, one of which is by trading. in my place there are many young people who started trading but in fact only a few are surviving today. shows that indeed trading is not for everyone, only people who are capable and can manage it can do it.

When compared to 3 or 5 years ago, you could say that now many people know and are interested in cryptocurrencies,
it's also inseparable from the pandemic so that many people are starting to get interested because it can generate big profits,
in crypto certainly can not be separated from the name of trading and what you said I quite agree that trading is not something easy and not everyone can be successful because I believe it takes a process

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Quote from: nurilham on November 17, 2021, 05:59:03 PM

the fact is that it is, not everyone is able to survives in trading but everyone can learn trading. when crypto becomes more and more booming, there will be many people who are starting to get to know crypto and try to take advantage of it, one of which is by trading. in my place there are many young people who started trading but in fact only a few are surviving today. shows that indeed trading is not for everyone, only people who are capable and can manage it can do it.

Indeed. Trading is for those who have the basic knowledge about it. Everyone might not survive trading but they might be able to learn. When people get the news that crypto price increases or booms, people start to know cryptocurrency, just like me, I search it everywhere for me to learn something about crypto. It is also for the people who are willing to take risks, who knows on how to control those risks to minimize losses and know how to set plan especially when market changes. That's why people especially those newbies should be serious when it comes to trading, money is involved here.

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the fact is that it is, not everyone is able to survives in trading but everyone can learn trading. when crypto becomes more and more booming, there will be many people who are starting to get to know crypto and try to take advantage of it, one of which is by trading. in my place there are many young people who started trading but in fact only a few are surviving today. shows that indeed trading is not for everyone, only people who are capable and can manage it can do it.

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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

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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.

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Quote from: Shasha80 on November 17, 2021, 05:11:22 PM

Quote from: Silberman on November 17, 2021, 04:43:43 PM

Quote from: mm2543363580 on November 13, 2021, 03:00:41 PM

Quote from: Japinat on November 13, 2021, 02:51:17 PM

Obviously it's not for everybody, just like having a job or a business, you only do it based on your skills and passion, without that in you, you'll never be effective in the field you are trying to pursue. Trading is very risky, you are investing in yourself here, so you also have to ensure that you understands what you are doing and you believe that you have the skills to be successful.

Trading is more of your luck then how much knowledge you have and how proficient you are in using trading tools. One thing we need to admit is that majority of traders end up losing money that's why its called trading is not for everyone. One more thing about crypto trading is that its fundamentals are still very immature compared to stock and commodity trading. That's why I say its more about your luck.

I do not agree with this at all, if you are depending on your luck in order to make money then you are not really trading but gambling, it is true that many people do this but I do not consider them traders at all, if what you said was true then there would not be consistent winners in the market, but we know there are, and this is evidence that your skill is more important than your luck, can luck affect some of the outcomes you get? Of course, but your skill can eventually overcome the bad luck that could come to you with ease given enough time.

Real traders don't depend on luck to make profit, if there are traders who depend on luck when trading, I think they are gamblers not traders.
Therefore trading is not for everyone, only people who want to learn all things about trading that are suitable for trading. I have several friends
who are already making regular profits through trading, and my friend is trading relying on the analytical skills he has, then helped by experience
that made every decision he made mostly right. Indeed, there is no guarantee that we can continue to profit when trading, but if the amount of
profit generated is greater than the loss experienced, that includes successful traders.

In crypto trading, you need experience here aside from the basic trading skills. Because experience will teach you how to spot a possible pump and dump coin, or a coin that is about to be abandoned, or a worthless token just banking on the hype. This will help you on how to trade them in exchanges and take advantage of their movement. If you are relying on luck, then, I don't think you are entitled to be called as trader.

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Quote from: Silberman on November 17, 2021, 04:43:43 PM

Quote from: mm2543363580 on November 13, 2021, 03:00:41 PM

Quote from: Japinat on November 13, 2021, 02:51:17 PM

Obviously it's not for everybody, just like having a job or a business, you only do it based on your skills and passion, without that in you, you'll never be effective in the field you are trying to pursue. Trading is very risky, you are investing in yourself here, so you also have to ensure that you understands what you are doing and you believe that you have the skills to be successful.

Trading is more of your luck then how much knowledge you have and how proficient you are in using trading tools. One thing we need to admit is that majority of traders end up losing money that's why its called trading is not for everyone. One more thing about crypto trading is that its fundamentals are still very immature compared to stock and commodity trading. That's why I say its more about your luck.

I do not agree with this at all, if you are depending on your luck in order to make money then you are not really trading but gambling, it is true that many people do this but I do not consider them traders at all, if what you said was true then there would not be consistent winners in the market, but we know there are, and this is evidence that your skill is more important than your luck, can luck affect some of the outcomes you get? Of course, but your skill can eventually overcome the bad luck that could come to you with ease given enough time.

Real traders don't depend on luck to make profit, if there are traders who depend on luck when trading, I think they are gamblers not traders.
Therefore trading is not for everyone, only people who want to learn all things about trading that are suitable for trading. I have several friends
who are already making regular profits through trading, and my friend is trading relying on the analytical skills he has, then helped by experience
that made every decision he made mostly right. Indeed, there is no guarantee that we can continue to profit when trading, but if the amount of
profit generated is greater than the loss experienced, that includes successful traders.

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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.

Topic: Trading is not meant 4everybody - page 7. (Read 1192 times)