Trading is not meant 4everybody - page 9.

geegaw

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Quote from: Rruchi man on November 13, 2021, 07:37:35 AM

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

Trading is not for everybody...

Truly it is not, but how can you know it is not for you if you never try it. I think before jumping into the conclusion that trading is not for you, you should first give it a try because who knows, it may just be your thing. However when you have given it a trial after learning and you just suck at it, be responsible enough to accept that it may not just be your thing and HODLing is best for you. If you must, you may persist and try to break the mojo of it not being your thing through extra work, if you are willing to commit dedicatedly, you may just be able to turn it in your favour and make it a thing for you.

At a glance and generalization, it's really impossible to say exactly who trading is for and who it will reject, almost all needs personal testing in the process and to be honest, people's suitability is relatively high in trading, trading doesn't seem to be a thorough recruiter, it allows entry at low cost and it won't say heartbreaking rejections, quitting trading comes only from individuals who feel their skills are not enough. The lack of commitment and learning makes trading strange and alienating ourselves, not for all just the hateful look from the losers

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Quote from: Alert31 on November 09, 2021, 11:24:08 AM

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.

Traders who don't have patience always loss their portfolio, while in a bid to become rick quickly lead to rekt of many newbies account, even with a working strategy taking hasty trading decision would amount to losing some profitable trades thus the ability to deal with emotions and fear is necessary for all traders, of course losing a trade is normal however the ability to recover losses and become profitable again with strict money management defines a good trader, these are all the necessary skills and knowledge needed to become successful however not every newbie is ready to learn to trade.

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Quote from: Rruchi man on November 13, 2021, 07:37:35 AM

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

Trading is not for everybody...

Truly it is not, but how can you know it is not for you if you never try it. I think before jumping into the conclusion that trading is not for you, you should first give it a try because who knows, it may just be your thing. However when you have given it a trial after learning and you just suck at it, be responsible enough to accept that it may not just be your thing and HODLing is best for you. If you must, you may persist and try to break the mojo of it not being your thing through extra work, if you are willing to commit dedicatedly, you may just be able to turn it in your favour and make it a thing for you.

Trading isnt something that you could get on just few tried or in a short span of time which it is normal that you would really be getting those kind of mistakes which might be on a very long losing streak or comes to a point on where you would really be giving up because you had lost that much
and its true that there are things on this world which isnt really meant for us which does simply means that you would need to sustain and be patient
on verything so that you would able to have a good grasp on it.

Quitting isnt the solution unless on the worst possible situation you are in but we know that human beings are really that adventurous which
simply means that whenever they do experience hardship then they would really be finding ways.

Rruchi man

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

Trading is not for everybody...

Truly it is not, but how can you know it is not for you if you never try it. I think before jumping into the conclusion that trading is not for you, you should first give it a try because who knows, it may just be your thing. However when you have given it a trial after learning and you just suck at it, be responsible enough to accept that it may not just be your thing and HODLing is best for you. If you must, you may persist and try to break the mojo of it not being your thing through extra work, if you are willing to commit dedicatedly, you may just be able to turn it in your favour and make it a thing for you.

GeorgeJohn

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Op I'm disputing the fact that you said trading is not meant for everybody, trading is for everyone who is cryptocurrency enthusiasm, 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, the challenges in trading is the ability to bear the lost if it occurs, because it's base on three categorical function or base, which is (risk) (lost) and ( gain) so the risk the elementary determinate of all. So it's good to acknowledge from the mistakes of others who has been trading for awhile so that much lost will not occur during the process, and is very clear that in trading it doesn't have a speculated age bracket before you can adventure into, what matters in trading is the knowledge to execute your own trade.

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That is the reality...we all are welcome but somehow, only a few were able to reach their goal while some are quitting at the start when suffering heavy losses and difficulties. Yeah, that honestly wasn't hard to start but at the moment when you are in actual trading, there you can find the reality about trading where you often lose than to make a profit. It is all about how to manage yourself from this situation, but if you have to gain more knowledge and are familiar with the market situation, that is pretty easy for you to deal with and adopt the changes.

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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.

Focusing on profit and not on gaining skills is the wrong mindset. It could only lead you to lots of losses in the future. It would be better to gain more knowledge and skills on how to do trading the right way because the one who is knowledgable about it has an advantage. Trading is actually a long process of learning and as a beginner, it's fine to hear about losses so you'll be ready to face the possible reality of a life of a trader.

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Quote from: sherenikaw on November 09, 2021, 05:46:27 PM

there are a lot of people who trade but only a small part can get away with continuing trading. for example, when trading began to boom, in my place many young people were interested and ended up do trading. but it didn't last long, they gave up on the ups and downs of the crypto market. that is why trading is not for just anyone because not everyone can accept the consequences of trading. so my advice before entering the world of trading is correct if we first understand well what trading is and how it works.

Another issue with trading that is not mentioned much is that you earnings are not regular like what you get with a job, basically one month you could make a lot of money and then the next month you get nothing or you even lose money, this means that if you lose money several months in a row it is going to be very difficult for you to keep trading especially if you are depending on trading as your only source of income, so I am not surprised the young people of your community could not trade for long.

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Quote from: AakZaki on November 10, 2021, 02:55:06 PM

Trading is not just buying cheap and selling high. not that easy. because psychology will be played and strategy is needed to make a profit.
If trading keeps failing and getting losses, stop first, correct what is wrong with you. Learn technical analysis and fundamentals well in order to be able to read the market well. Don't enter the market without trading knowledge, it will just waste your money.
Trading will not always be profitable, there will certainly be losses. But we must know how to minimize losses and maximize profits.

Buy low Sell high!

This had been the very concept of trading but even on how basic it is then you couldnt really just tell on how simple it would be done or when you are on the actual
condition.Due to unpredictability of the market then this is what makes more hard for you to determine on where do prices go.Trading isnt really for everybody but it doesnt mean that you cant really able to handle it out.It would really be not simple but not impossible and it will vary on how you do make out your assignment on
learning up everything.So its up to you whether you do go ahead and get serious with it.

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Trading is not just buying cheap and selling high. not that easy. because psychology will be played and strategy is needed to make a profit.
If trading keeps failing and getting losses, stop first, correct what is wrong with you. Learn technical analysis and fundamentals well in order to be able to read the market well. Don't enter the market without trading knowledge, it will just waste your money.
Trading will not always be profitable, there will certainly be losses. But we must know how to minimize losses and maximize profits.

Hippocrypto

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Trading is a game of risk, therefore not everybody can do it. Most people can invest and honestly it's safe but it is risky to newbies. Trading is meant for those determined people, those people who are not scared to take risk, it is for the people that despite of loosing but they are still hopeful and confident on winning again. Trading is for those people who understand a lot on it. Newbies also might do trading but some of them loses the money they invested because they are impatience and very emotional. So, that's why it is not meant for everybody. Trading needs a total focus and commitment. So, my advice before doing trading is to understand first what is trading and how it works.

sherenikaw

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there are a lot of people who trade but only a small part can get away with continuing trading. for example, when trading began to boom, in my place many young people were interested and ended up do trading. but it didn't last long, they gave up on the ups and downs of the crypto market. that is why trading is not for just anyone because not everyone can accept the consequences of trading. so my advice before entering the world of trading is correct if we first understand well what trading is and how it works.

dbc23

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Quote from: Lordhermes on November 09, 2021, 07:35:50 AM

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.

Trading needs a total focus and commitment. Unlike investment where you hold for as long as you can and even if the project fails you still have some reserved fund because definitely not everything will wipe off. But for trading a trading account can go down within seconds if a wrong analysis is used

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Quote from: Johnyz on November 09, 2021, 04:45:22 PM

Everyone are welcome to trade as long as they are on a legal age and of course have knowledge on trading but if none, better to learn the process first. Trading is not easy, it can be more unpredictable and too risky for a newbie but as long as you have the determination to learn, you can be very good in trading later on you just have to sacrifice first.

Everything would really be needed and of course you should know on how to process out whether deposit or withdrawal and for you to successfuly able to process those profits and possible deposits then you should really be on legal age or simply does have the documents
for at least when verifying a certain platform account which would ease the problem and the next problem is on how to be profitable in
trading which is on everybodies challenge on this career.

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Quote from: Johnyz on November 09, 2021, 04:45:22 PM

Everyone are welcome to trade as long as they are on a legal age and of course have knowledge on trading but if none, better to learn the process first. Trading is not easy, it can be more unpredictable and too risky for a newbie but as long as you have the determination to learn, you can be very good in trading later on you just have to sacrifice first.

Trading is for everybody but there are a few of those that are serious about it. Upon knowing what's the result of their trades and if it's for them, they'll continue.
For those that see that they are no good at it, they stop and think of another source where they can make much money. Trading requires not just money as capital but also a lot of factors, experience, stress, wise decision making, and other factors that will help you become a better trader.

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Quote from: Alert31 on November 09, 2021, 11:24:08 AM

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.

Exactly, this is one of the applications that you are good to go in trading and I must agree that trading is not for everyone, if you don't have all of these mentioned above, you are not good to become a trader. Trading needs a lot of studies and you should be aware of all of these and willing to take the possible outcomes most especially if this is a negative one.

I don't understand people when we are talking profit, they are very aggressive on it just even though they are need to gamble just to have it and they are willing to gamble just for money.

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Everyone are welcome to trade as long as they are on a legal age and of course have knowledge on trading but if none, better to learn the process first. Trading is not easy, it can be more unpredictable and too risky for a newbie but as long as you have the determination to learn, you can be very good in trading later on you just have to sacrifice first.

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Quote from: Mpamaegbu on November 09, 2021, 05:37:34 AM

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

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.

What happens is that many people can understand that principle applying to other professions because they can see why they are so hard, medicine is hard but even if some could become doctors or nurses you need to also be able to deal with blood and stuff like that and not everyone can do it, in the case of engineering you know you will need a lot of advanced math and people know that math courses can be really hard, however trading seems deceptively easy, you just need to buy low and sell high and people think that anyone can do this, but we know this is not true at all.

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I can tell you one thing whether there is trading there will be at least some risk, I'm just saying some risk but at some points there will be more risks as compared to other business etc. but it is always depends upon the trader own strategies that how he can manage it and how he is applying his own trading strategy in what way.

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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.

Like it or not, beginner traders are like that in dealing with trading. Not only in crypto trading, all those involved in trading activities (buy/sell) regardless of the type of transaction, must think about profit, which is the main thing that we often want to achieve. But behind it all does not mean denying losses someday inevitably losses will come. It can be on a small scale or losses on a large scale. I firmly believe that all traders will experience a trading loss moment in their life.
But the point is to go back to fixing the trade or just give up and wave the white flag? and looking for other ways to cover the loss?

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