Trading is not meant 4everybody - page 8.

Silberman

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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.

Questat

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Quote from: crzy on November 14, 2021, 03:32:09 PM

Quote from: ?? on ??

Trading is profession like other business sections, you have to treat it like second job. If you have limited time and interest, better to try short term trading and learn the deep secrets of financial analysis. In case of losing huge amounts in short term, you have two options that can be taking a break or continue chasing losses.

This must take seriously since trading takes more analysis to become more profitable and if you just take advantage trading and just listening to the hype, you can expect to lose money later on. If its a lose streak, something bad on your trading approach better to study again than to quit.

Or that it means trading is not meant for you. In fact, even we wanted to learn trading but have difficulties grasping ideas and can't control ourselves in times of market crisis, we can never expect that it becomes profitable, that gonna be more on losses. It is gonna have to weigh what happens to us in a real scenario, some say trading is easy while some say it was hard. It will only give us confusion and by trying to make trading in actual that could tell what really it is and to assess ourselves then if this is for us or not.

crzy

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Quote from: ?? on ??

Trading is profession like other business sections, you have to treat it like second job. If you have limited time and interest, better to try short term trading and learn the deep secrets of financial analysis. In case of losing huge amounts in short term, you have two options that can be taking a break or continue chasing losses.

This must take seriously since trading takes more analysis to become more profitable and if you just take advantage trading and just listening to the hype, you can expect to lose money later on. If its a lose streak, something bad on your trading approach better to study again than to quit.

Issa56

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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.

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.

savetheFORUM

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Quote from: tvplus006 on November 14, 2021, 01:09:19 PM

Trading requires special knowledge and your chances of profitable trading increase along with the experience gained. But not everyone can become a trader, just as not everyone can become a doctor. But despite this, there is a misconception that everyone can trade and make a profit.

In my opinion it is not about becoming a trader but it is all about becoming a profitable trader. I mean what is the point of being a trader and losing all your capital? So, becoming a trader means you should remain profitable at any point of time. This is the reason people are suggesting about trading is not for everyone.

Losing money in the initial stages of trading is common for every beginner but you should learn to avoid losses so that you may start making profits. When a trader is missing this point then definitely they are not suitable for becoming or remaining as a trader.

tvplus006

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Trading is not for everyone. Even if a trader has a really compelling desire to learn how to work, it is better to do it on a demo account. When I started working with a broker from AMarkets, I did just that.

Trading requires special knowledge and your chances of profitable trading increase along with the experience gained. But not everyone can become a trader, just as not everyone can become a doctor. But despite this, there is a misconception that everyone can trade and make a profit.

Luzin

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Quote from: ?? on ??

Trading is not for everyone. Even if a trader has a really compelling desire to learn how to work, it is better to do it on a demo account. When I started working with a broker from AMarkets, I did just that.

But trading can be pursued and used by many people, depending on the desire to understand it. Learning a demo account doesn't give you a good mentality in actual trading. I've tried that and it doesn't seem like a demo account has had a huge effect. It is certain and obvious if you are going to trade crypto you should be prepared to lose money, because I believe beginners and even experts can lose money. Learning from your own experience and notes is more interesting and successful, because I did that.

cheezcarls

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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.

SquallLeonhart

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

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!

Quitting trading cannot be an option for anyone once they decided to trade on any market or at least I will not do that personally and also will not suggest the same. So the only option in front of all of us is, keep trading by improving ourselves for all the demands of trading field. Basically trading requires the perfect form of us. It means you can be like anything at your life but once you start trading then you need to be like a professional in terms of emotion and risk management. This is the reason why most people decide to quit after two or three attempts.

In some sense, quitting also might be a good decisions rather than keep trying and keep struggling. But, people must focus on making themselves to fit for trading and then slowly need to start trying by risking with least capital and then continuing or keep trying is up to their personal preferences.

michellee

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Quote from: GreatArkansas on November 13, 2021, 07:37:11 PM

Quote from: sheenshane on November 13, 2021, 06:59:34 PM

Nope, I think for everyone who is willing to learn in trading, but if this isn't your passion, then trading isn't really meant for you. Trading is open for those who are interested to learn and willing to give their precious time as an investment in it just to learn on trading.
(....)

+1, there are a lot of people there who are not serious when they are doing trading like they are started to learn, they don't have dedication. Especially when they only they if they want or they are in the mood, and especially if they are in FOMO.
That's why people especially those newbies should be serious when it comes to trading, money is involved here.

Those people do not want to learn more about trading and only rely on the other suggestion from others. They do not realize that suggestion can not always works in the current situation in the market. If they can learn about trading, they can analyze and be serious in trading to make a profit and survive in any conditions that happen to the market. Trading is only for people who are willing to learn trading details so they can analyze many coins and know when to enter the market.

GreatArkansas

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Quote from: sheenshane on November 13, 2021, 06:59:34 PM

Nope, I think for everyone who is willing to learn in trading, but if this isn't your passion, then trading isn't really meant for you. Trading is open for those who are interested to learn and willing to give their precious time as an investment in it just to learn on trading.
(....)

+1, there are a lot of people there who are not serious when they are doing trading like they are started to learn, they don't have dedication. Especially when they only they if they want or they are in the mood, and especially if they are in FOMO.
That's why people especially those newbies should be serious when it comes to trading, money is involved here.

sheenshane

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Nope, I think for everyone who is willing to learn in trading, but if this isn't your passion, then trading isn't really meant for you. Trading is open for those who are interested to learn and willing to give their precious time as an investment in it just to learn on trading. Because trading isn't an easy way of making money, experience and skills are a must in this field. Some people say, it's a pure gamble but I think you can increase the possibility of winning as long as you have this knowledge and skills.

But I suggest to anyone who wanted to start trading, just invest your time to learn first before you will go.

chanler

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mulierum.com

Trading is not an easy thing, therefore many that give up when trading. it is a normal thing where when we have given up on the ups and downs of the crypto market, of course we will feel depressed. but that doesn't mean we must leave trading, at least we can try again and learn from the experiences we've had. That's why trading isn't for everyone. because it requires a lot of effort in it. learn every mistake ever made and create a new strategy so that we can trade better.

CryptocurencyKing

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It is not something rear that, people tend to breeze in on fields that are quite promising such as trading. Unfortunately, crypto trading is not a very popular one amongst people of the world on like forex trading. Trading cryptos is common only amongst the truly crypto enthusiast and elites but then, you can say, crypto isn't for everybody.

How is that?
How is it that hat comes without any restrictions isn’t for everyone!

Well, its all about personality differences from my view point. It not only gave to do with finance but more about experience, emotions and risk management.

Experience is one way to get by the other two but even at that, trends do change and then, you can see the market displaying something never to have been seen before. In that instance, your

Risk Management sees you through. It tells you how to access a situation and know how to dive in or not. Having bad results or even a good one will tend to push your emotions forward but you must know this,

Emotions are never to be traded. It comes without any careful analysis or calculated risk and could land you in deep trouble.

Not being able to coordinate these could simply means your a bad trader and trading ain't for you. Just an opinion!

2double0

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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.

If that is what you trade for, your mind will never satisfy and always counter trade, while trying to retaliate market for 'what it did to you' based on your thinking. No graphs of any trader or bot can be in green or upwards in a straight line forever because mistakes are a part of a trader's life, so learn from your mistakes and note them as doing and realising mistakes is good when you know about and will not do it again.

matchi2011

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Quote from: macson on November 13, 2021, 01:47:20 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.

"if you don't feel lost then you don't lose" this is what a professional trader once told me. you have to hear a lot of losing stories from other traders and start analyzing the causes of their losses so you can make it a valuable lesson. a child can't walk if he doesn't force himself/herself to walk even if he/she falls and gets hurt...that's how you trade.

Words that will inspire you to make your move, if you like to have a safer investment taking more time with your own
research will help you to analyze what pattern to follow. There are success and failed stories that are available online.
take time to listen or watch, read or whatever possible ways you have to deal with those shared information.

Never to trade without prior knowledge, else you are doing this the same way with doing gambling,
placing your money on something that only luck may let you earn.

Alisha FR

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You give a review between profit and loss in trading, in my opinion if a trader always learns from mistakes for the next trade this is the best step. Talking about losing or stopping to trade I don't think it's a last resort, we should practice skills and improve better trading techniques based on experience. If you have to stop, you will forget all past losses when you continue trading in the future.

mm2543363580

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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.

Japinat

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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.

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

........

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

1) Stop trading
A.) Stop trading and get more skills

You don't do this, you'll only stop if you don't want to get more skills, stopping means quitting or ending your journey in trading.

macson

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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.

"if you don't feel lost then you don't lose" this is what a professional trader once told me. you have to hear a lot of losing stories from other traders and start analyzing the causes of their losses so you can make it a valuable lesson. a child can't walk if he doesn't force himself/herself to walk even if he/she falls and gets hurt...that's how you trade.

Topic: Trading is not meant 4everybody - page 8. (Read 1192 times)