That is part in learning trading since everyone knows that trading is not easy and therefore, should be learned the hard way. The more you see it more challenging to learn, the more you become motivated to be skillful on it. Trading is not the same as investing, nor gambling itself, trading needs more skills training and frequent exposure on the market so that mastery will be highly achieved.
Therefore, no one really sees trading the easy way. It's even quite complicated but at the end of the day, when you come to harvest the labor labor you have invested, the fruit is always sweet and satisfying.
Topic: Trading is not very easy; it took my friend a long time to understand. - page 2. (Read 725 times)
December 08, 2023, 04:11:35 PM
December 08, 2023, 03:58:43 PM
...But a few days ago, he came to me on his own to learn about cryptocurrency and trading, which was a complete surprise for me.What's even more surprising is that he is now a registered member of the community...
Of course, your friend's desire to learn how to trade is straight. But not everyone who decides to learn how to trade will later become a successful trader, even if they studied with a trading master. Such people can always try themselves as a long-term investor, which, as practice shows, is even more profitable than short-term trading.
December 08, 2023, 02:58:26 PM
If you don't have prior knowledge and experience in trading, then you will really find it hard learning in trading and would definitely take years before you become a pro trader. But that is normal in trading, as majority learned it harder than the easier way. And most probably, if you learned trading the easier way, most likely you are still susceptible to a lot of losses so you need to experience more trading in the market.
Trading is skill driven, not luck driven. And certainly it's not the same with gambling. You need to exert a lot of hardwork and efforts before you can be successful with trading.
Trading is skill driven, not luck driven. And certainly it's not the same with gambling. You need to exert a lot of hardwork and efforts before you can be successful with trading.
December 08, 2023, 02:30:21 PM
Even successful traders today have also learned trading in a very hard way and it really takes time before they can finally say that they can trade with confidence. I guess everyone here has learned trading not only for weeks or months, but years in trading in the market. The more often you exercise trading, the higher the chances you will master trading in the market, but that does not guarantee that you can avoid inevitable losses from trading.
Trading is a mental game. You need to increase your knowledge as well as with your skills and developed strategies. And with patience, you can go a long way with trading.
Trading is a mental game. You need to increase your knowledge as well as with your skills and developed strategies. And with patience, you can go a long way with trading.
December 08, 2023, 09:08:16 AM
I have been watching my friend very closely; he was very impatient with trading. And this impermanence keeps him at a loss most of the time, which is really very frustrating and sad for him.
Because he spends his entire salary on trading, which over time earns him (supposedly 0.001) cents.
Not that he didn't know much about trading, but his elusiveness was the reason for his remoteness.
Seeing my friend's behavior like this used to make me feel a lot of fear and annoyance towards trading or cryptocurrency.My reluctance to trade developed even though I had not started trading then. Again, I had no idea about crypto world.
But I made this mistake after joining the community. There are frequent posts about trading on the "Trading Discussion" board in the forum, which is indeed very useful.From here, I can learn how to be patient while trading, control my greed, not spend all my money on trading or cryptocurrencies, and start trading with money that I can't afford to lose.
Although I still have a lot to know and learn, I tried to teach and explain to my friend what I learned from here on how to be patient while keeping your greed in check in the world of cryptocurrency. and how important it is to be patient on this platform. But he avoided these words of mine with much mockery and showed reluctance, which greatly insulted and pained me.
But a few days ago, he came to me on his own to learn about cryptocurrency and trading, which was a complete surprise for me.What's even more surprising is that he is now a registered member of the community. And l also read several posts on the forum saying that he is now much better than before, patiently trying to work on crypto, which I'm really glad to hear.
Because he spends his entire salary on trading, which over time earns him (supposedly 0.001) cents.
Not that he didn't know much about trading, but his elusiveness was the reason for his remoteness.
Seeing my friend's behavior like this used to make me feel a lot of fear and annoyance towards trading or cryptocurrency.My reluctance to trade developed even though I had not started trading then. Again, I had no idea about crypto world.
But I made this mistake after joining the community. There are frequent posts about trading on the "Trading Discussion" board in the forum, which is indeed very useful.From here, I can learn how to be patient while trading, control my greed, not spend all my money on trading or cryptocurrencies, and start trading with money that I can't afford to lose.
Although I still have a lot to know and learn, I tried to teach and explain to my friend what I learned from here on how to be patient while keeping your greed in check in the world of cryptocurrency. and how important it is to be patient on this platform. But he avoided these words of mine with much mockery and showed reluctance, which greatly insulted and pained me.
But a few days ago, he came to me on his own to learn about cryptocurrency and trading, which was a complete surprise for me.What's even more surprising is that he is now a registered member of the community. And l also read several posts on the forum saying that he is now much better than before, patiently trying to work on crypto, which I'm really glad to hear.
I agree that patience is crucial for success in cryptocurrency trading. Your friend's experience highlights this well. His initial impulsiveness led to losses, while your guidance and the community's resources helped him develop patience, leading to positive results.
Having someone to guide you initially is imperative I feel. I myself experienced several ups and downs during my early trading experiences. And they highlighted to me the importance of patience. Witnessing the impact of impulsiveness led to how I trade now. By diversifying a minority while strategically rebalancing, I prioritize consistent growth over fleeting profits. And this is something I learnt through patience and several mistakes. Many of which I could have avoided with a mentor
If you’d like to discuss this further, you can contact me via my Discord: https://discord.gg/2TFSrzunK3
December 08, 2023, 08:54:05 AM
And your friend had shown you the truth about trading unlike how these social media influencers told us - there is no easy game in trading nor there is easy money. Indeed, many traders suffer losses from underestimating the market behavior thinking that they are ready enough to trade after a day of watching online tutorials. Many traders assume that they can beat the market volatility and unfortunately, they fail.
Your friend helps you in a way that he warns you from not getting involved in trading if you don't have an idea about it and most especially, if you are not ready enough.
Your friend helps you in a way that he warns you from not getting involved in trading if you don't have an idea about it and most especially, if you are not ready enough.
December 08, 2023, 08:40:24 AM
It is indeed a very difficult thing to be able to eliminate emotions in any case, but if we can manage them well this will be very good for ourselves and also the trading we do because if we cannot control our emotions of course we will be greedy in trading which makes us lose any benefits we might have gained.
It is important for us to continue learning in trading even though we already have a lot of experience in trading. Yes, you are right, we must be able to enjoy every process we go through in trading in order to achieve success in trading.
The experience part must take a very long time, it's not really that easy and it does take a long time to get there but it is also the truth, we should not really expect more than that. I get that newbies want to make as much profit as they can, and when they do not make that much profit it's a sad thing, and there are a lot of newbies who gave up after a while, and I get that we should expect them to keep going even after losing but some don't.It is important for us to continue learning in trading even though we already have a lot of experience in trading. Yes, you are right, we must be able to enjoy every process we go through in trading in order to achieve success in trading.
The problem here is that we are talking about people who are not really all that crazy, not that many people end up being good, so it's normal for them to start, lose money, and give up. This should be something that would be all that needed, and it could be just some sort of helpful hand that already knows how to trade that may guide us, that could give them some light at the end of the tunnel and they may end up trying their best. I know it's not that simple, but it should be quite good that would benefit both sides.
December 08, 2023, 03:15:23 AM
In trading, the first thing you have to check is your self if you have patience and a disciplined person. Trading is a waiting game, so if you don't have patience then it's not for you. I'm so glad that you're not the same with your friend and even he hurt you, you show patience and understand him, and because of that, your friend learned from you about trading. Honestly, having no patience is one the reason why trader loss a trade, it's because they don't have patience. Your criteria that you are looking in the chart is not always visible and you should not force a trade. Unfortunately, there are traders even if they know that this setup didn't meet their criteria still doing a trade which decrease the chance of winning.
Patience is very important, but short term trading requires very little patience if you really want to do that. I have a friend who does futures, and that means he makes a lot of money or lose a lot of money in a very quick manner, that should be a good example for many people. That doesn't mean you should do that if you lack patience, he is a good trader that has done a lot of trading before at spot and many other ways, so it's normal that he moved to futures now, so you need to grow with some patience but eventually quite reach a point where you do not need it.I believe that the best thing to do in this case would be just forgetting that you lack patience, and try to do the right thing the way you should, how quick or slow it is.
December 07, 2023, 04:28:12 PM
Trading is not meant inexperienced people but to those who are ready to face challenge. And trading is not something one can rush into and make profit. Before you can become an expert in trading you have to go under a rigorous training and if Possible with demo first for some months before you use real account for two weeks with small small amounts And When discovered that you can trade with big amount then you can do that if not you will just empty your account within few seconds of the trade.
I used two days to learn trading with demo and the way I was having profit from the demo account made me to open real account with 3 days and I lost about $300 or more. And left trading for a while oh. To understand trading is not easy.
I used two days to learn trading with demo and the way I was having profit from the demo account made me to open real account with 3 days and I lost about $300 or more. And left trading for a while oh. To understand trading is not easy.
December 07, 2023, 04:18:03 PM
Trading is certainly hard and it's actually not very easy to learn. Most especially if you are not aware on trading stuffs, then it will really be a hard time for you learning in trading. But we all know that trading can be learned overtime, patience and persistency are the keys. And once you have set your goals in trading, then you will be highly motivated to achieve that regardless of how tough trading is.
Just like your friend, I have been struggling in trading way back then. But that does not stop me from learning trading. Trading just need a lot of time before learning takes place, so we need to be more patient about it.
Just like your friend, I have been struggling in trading way back then. But that does not stop me from learning trading. Trading just need a lot of time before learning takes place, so we need to be more patient about it.
December 07, 2023, 04:12:32 PM
I have been watching my friend very closely; he was very impatient with trading. And this impermanence keeps him at a loss most of the time, which is really very frustrating and sad for him.
Because he spends his entire salary on trading, which over time earns him (supposedly 0.001) cents.
Not that he didn't know much about trading, but his elusiveness was the reason for his remoteness.
Because he spends his entire salary on trading, which over time earns him (supposedly 0.001) cents.
Not that he didn't know much about trading, but his elusiveness was the reason for his remoteness.
I'm not just surprised with these profits, I'm shocked by this discovery because that amount doesn't look like a person that really understands trading at all, he didn't take his time to know what is trading and what is stablecoins because it's only when you hold a stablecoin you will see such fluctuations as in 0.001 cents when they deppeg in USD value, I think your friend wasn't honest with you about the trading experience, I doubt if he knows how to trade or has even trade in his lifetime.
Quote
Seeing my friend's behavior like this used to make me feel a lot of fear and annoyance towards trading or cryptocurrency.My reluctance to trade developed even though I had not started trading then. Again, I had no idea about crypto world.
But I made this mistake after joining the community. There are frequent posts about trading on the "Trading Discussion" board in the forum, which is indeed very useful.From here, I can learn how to be patient while trading, control my greed, not spend all my money on trading or cryptocurrencies, and start trading with money that I can't afford to lose.
Although I still have a lot to know and learn, I tried to teach and explain to my friend what I learned from here on how to be patient while keeping your greed in check in the world of cryptocurrency. and how important it is to be patient on this platform. But he avoided these words of mine with much mockery and showed reluctance, which greatly insulted and pained me.
But a few days ago, he came to me on his own to learn about cryptocurrency and trading, which was a complete surprise for me.What's even more surprising is that he is now a registered member of the community. And l also read several posts on the forum saying that he is now much better than before, patiently trying to work on crypto, which I'm really glad to hear.
But I made this mistake after joining the community. There are frequent posts about trading on the "Trading Discussion" board in the forum, which is indeed very useful.From here, I can learn how to be patient while trading, control my greed, not spend all my money on trading or cryptocurrencies, and start trading with money that I can't afford to lose.
Although I still have a lot to know and learn, I tried to teach and explain to my friend what I learned from here on how to be patient while keeping your greed in check in the world of cryptocurrency. and how important it is to be patient on this platform. But he avoided these words of mine with much mockery and showed reluctance, which greatly insulted and pained me.
But a few days ago, he came to me on his own to learn about cryptocurrency and trading, which was a complete surprise for me.What's even more surprising is that he is now a registered member of the community. And l also read several posts on the forum saying that he is now much better than before, patiently trying to work on crypto, which I'm really glad to hear.
I have a little advice for you to embrace and I hope it helps, you need to let your friend's story out of the box and think about yourself for once, look at your own trading experience and see if you need improvement and adjustment or if you need more time to learn. Check if you need more time to take tutorials and if you are good already, get over to work and forget about my friend this and that, one of your objectives is to make money and not say things about your friend because he is already in the past.
In addition, you don't need to be teaching about trading right now, your target should be trading and learning more because with time, you will master more about trading, its the experience that you have will make you become the don of trading and please if come across trading signals, avoid them in beast mode because they will ruin your trading talent and scam you in the end.
December 07, 2023, 03:44:10 PM
Trading losses are usually made not because one is incapable to learn, but because he wants to do maximum trading even if the market is not favorable to trade. Most likely, this is some greed issues, because if one trader is patient enough while trading in the market, he will not gained more of losses but profits. But at least, he is starting to learn trading and slowly changing for the better.
But I think this wouldn't be possible withing giving some constant reminder to your friend. Now that he's learning a new mindset for trading, most probably he will not be losing a lot and won't be making hasty decisions anymore when trading.
But I think this wouldn't be possible withing giving some constant reminder to your friend. Now that he's learning a new mindset for trading, most probably he will not be losing a lot and won't be making hasty decisions anymore when trading.
December 07, 2023, 03:11:48 PM
I have been watching my friend very closely; he was very impatient with trading. And this impermanence keeps him at a loss most of the time, which is really very frustrating and sad for him.
Because he spends his entire salary on trading, which over time earns him (supposedly 0.001) cents.
Not that he didn't know much about trading, but his elusiveness was the reason for his remoteness.
Seeing my friend's behavior like this used to make me feel a lot of fear and annoyance towards trading or cryptocurrency.My reluctance to trade developed even though I had not started trading then. Again, I had no idea about crypto world.
But I made this mistake after joining the community. There are frequent posts about trading on the "Trading Discussion" board in the forum, which is indeed very useful.From here, I can learn how to be patient while trading, control my greed, not spend all my money on trading or cryptocurrencies, and start trading with money that I can't afford to lose.
Although I still have a lot to know and learn, I tried to teach and explain to my friend what I learned from here on how to be patient while keeping your greed in check in the world of cryptocurrency. and how important it is to be patient on this platform. But he avoided these words of mine with much mockery and showed reluctance, which greatly insulted and pained me.
But a few days ago, he came to me on his own to learn about cryptocurrency and trading, which was a complete surprise for me.What's even more surprising is that he is now a registered member of the community. And l also read several posts on the forum saying that he is now much better than before, patiently trying to work on crypto, which I'm really glad to hear.
Because he spends his entire salary on trading, which over time earns him (supposedly 0.001) cents.
Not that he didn't know much about trading, but his elusiveness was the reason for his remoteness.
Seeing my friend's behavior like this used to make me feel a lot of fear and annoyance towards trading or cryptocurrency.My reluctance to trade developed even though I had not started trading then. Again, I had no idea about crypto world.
But I made this mistake after joining the community. There are frequent posts about trading on the "Trading Discussion" board in the forum, which is indeed very useful.From here, I can learn how to be patient while trading, control my greed, not spend all my money on trading or cryptocurrencies, and start trading with money that I can't afford to lose.
Although I still have a lot to know and learn, I tried to teach and explain to my friend what I learned from here on how to be patient while keeping your greed in check in the world of cryptocurrency. and how important it is to be patient on this platform. But he avoided these words of mine with much mockery and showed reluctance, which greatly insulted and pained me.
But a few days ago, he came to me on his own to learn about cryptocurrency and trading, which was a complete surprise for me.What's even more surprising is that he is now a registered member of the community. And l also read several posts on the forum saying that he is now much better than before, patiently trying to work on crypto, which I'm really glad to hear.
Greed in the trade of a person/trader can ruin his entire portfolio and the way of his patience. If a trader wants to be on the right track or on the way where he wants to be then he should avoid greed. Greed should be put a side and only take the profit ever how much it may be in any situation because that profit in all sense would be better than the loss he will In the next trades. So, always booking profit should be considered in the first place and not looking for more and more. That can destroy in a sense trading of the person which he is doing in all manners in any way of exchange he is using.
December 07, 2023, 03:06:25 PM
It has taken me 10 years and I am still having trouble, it doesn't get easier, it just gets more accustomed to what you "should" do but the situation doesn't change, you could always do what you should and the market could do what it shouldn't and you would lose money, that is still a valid situation and should be considered as a big deal.
I understand that it may take some people longer time to figure this out, but unfortunately that's the reality and we need to just accept that. I get that it is also quite possible that a newbie doesn't know what they should do, and that means we are talking about something that would be wrong of them to keep trading, and they should stop and learn how they should trade, but also after they are no longer a newbie and they learn what they should, that doesn't mean that it is going to be just profit after profit all the time. Accepting loss is a major part of bitcoin trading, it is going to happen sometimes and you will just accept it that way.
Trading is a combination of losses and wins, no matter how skillful you are as a trader, there will always times that the trading market does not favor your trades and see you losing in the end. This is very normal in trading, and it is in losses that we start learning and learn to give trading more value. While it can be easily learned for some pro traders, but majority takes even couple of years before they can say that they can trade confidently.I understand that it may take some people longer time to figure this out, but unfortunately that's the reality and we need to just accept that. I get that it is also quite possible that a newbie doesn't know what they should do, and that means we are talking about something that would be wrong of them to keep trading, and they should stop and learn how they should trade, but also after they are no longer a newbie and they learn what they should, that doesn't mean that it is going to be just profit after profit all the time. Accepting loss is a major part of bitcoin trading, it is going to happen sometimes and you will just accept it that way.
However, the most important thing here there is learning that takes place and developed even a longer period of time. And with frequent trading experience in the market , learning makes more visible and possible.
December 07, 2023, 12:14:54 PM
Trading is somehow considered as a skill. We know that in order to learn a particular skill it takes time, hence its normal that people take time to learn about trading. Now there’s difference between learning to trade and learning to trade properly for profits. You can learn about trading in just 1-2 days, but in order to make profitable trades, it takes some time. If trading had been so easy, then everyone would have been doing this and making tons of profit. So I would say it’s normal.
December 07, 2023, 12:06:59 PM
Trading is a bit more tied to your experience than to mere knowing of how to control your greed and emotion, risk management and all sorts of trading tools required to trade. If you don't have that experience everything will be complicated to you. Most Traders I know or have interviewed becomes better with time and the number of years they have spent trading because of scenarios they have seen happen or repeat in the market, and thus have learned some lessons from them as experience is the best teacher.
That's because traders who can regulate their emotions in trading are experienced traders. a trader's skills and knowledge will grow along with trading experience. so the more you learn from the trades you make now and in the past. the better you will be as a trader in the future.Of course, traders don't get everything just by reading. it requires a lot of time and experience trading in the market to become a professional trader. Anyone who has started learning to trade from scratch, or even started it themselves, definitely understands how difficult trading is. and it's nothing like seeing people's profits shared on social media.
December 07, 2023, 11:39:14 AM
Trading is a bit more tied to your experience than to mere knowing of how to control your greed and emotion, risk management and all sorts of trading tools required to trade. If you don't have that experience everything will be complicated to you. Most Traders I know or have interviewed becomes better with time and the number of years they have spent trading because of scenarios they have seen happen or repeat in the market, and thus have learned some lessons from them as experience is the best teacher.
December 07, 2023, 11:37:35 AM
Your friend made 2 mistakes, the first was that he was impatient and the most fatal was that he gambled without realizing his financial capabilities. He was aware that he had a low income but why did he gamble using all his salary? It is a mistake to trade using your entire salary because not only are you betting your money on the market but the risk is that when you lose you will not be able to cover your various needs which will ultimately make you go into debt or sell your assets.
Trading should be done with a maximum of 50% of your income, and for starters, never play on futures because it is not suitable for beginners, it is better to trade on spot and wait patiently until you make a profit.
Trading should be done with a maximum of 50% of your income, and for starters, never play on futures because it is not suitable for beginners, it is better to trade on spot and wait patiently until you make a profit.
December 07, 2023, 10:44:17 AM
Eliminating emotions may be difficult, but we can control them to act according to logic and of course put aside greed, learning trading in one year may still be lacking in terms of experience, but each person will have a different level of learning, in fact the main thing is to bring in appropriate profits. with our portfolio clear and logical, and only ourselves can judge it. Therefore, enjoying the process will be fun to continue to hone your trading skills
It is indeed a very difficult thing to be able to eliminate emotions in any case, but if we can manage them well this will be very good for ourselves and also the trading we do because if we cannot control our emotions of course we will be greedy in trading which makes us lose any benefits we might have gained.It is important for us to continue learning in trading even though we already have a lot of experience in trading. Yes, you are right, we must be able to enjoy every process we go through in trading in order to achieve success in trading.
December 07, 2023, 05:27:58 AM
Everything requires a long process before we can become proficient in a field. Including in trade. In fact, it took me about 1 year to be able to actually trade without having to ask for advice from my friends. Now I understand how to deal with the market. It's not just about technical and fundamental analysis. But what is more important is how we can manage our emotions well. We must maintain a good mentality in trading. Because I think the toughest enemy that we have to defeat in trading is greed and excessive fear. Greed and fear can make us impatient in taking a position in trading. If we have made a profit and greed arises then we want more and take more risks. And when we experience losses, we realize that we were wrong by involving greed in our trading. Apart from that, money management is also needed.
learning and experiencing are two different things therefore if someone knows about everything and learn then he should not think that his success rate will be more because before entering into the market person does not know anything but if someone enters then he forget all the things which he learned because everything seems totally different. One year is not enough to learn all the things because experienced traders often loss their money so when it comes to reality then more years are required to become a successful trader.
At start people wishes just to get money in a second but such thing is not possible in crypto trading therefore one who keep their greed in control will find a better way which will be fair for their victory. emotions are not easy to eliminate therefore taking profit on time and understanding of market is essential for hiding your emotions.
then you would really be finding out to be so hard on controlling your emotion. Just like on what everybody is saying that trading and learning it would really be taking up some time.
It isnt something that you could really be able to learn in just one day.
Just tell your friend that he should really be needing to learn up all the things that he would really be able to encounter specially on how volatile this market is.
You would really be definitely be able to encounter tons of situations on which you would really be able to freak out and you would be telling to yourself
that this wont really be an eay market to handle on.
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