Topic: Trading is risky, be conscious (Read 2900 times)

   You have a good strategy in place right now. As long as you don't forget that we shouldn't get carried away by our emotions when we do the actual trade, it's important that we consider any capital we use in the trading activity.

   Moreover, we are working on two things: to make money every day and, at the same time, to have savings for the future. While we are doing this, of course, we are also learning to go deeper to learn from what we will experience here, because it is known that cryptos in trading are very volatile, and we must be ready for any consequences it brings.

It should really be that good for side income but indeed there were people who do really make it as their main job or source but this isnt something simple that could be obtained because you would really be needing up to
be sustainable to support your daily needs. There might be some people who could be able to obtain up such situation but majority do fails on doing so. This is why it would be ideal that it would really be just that a side income aside from your own main job. You should really be that conscious and be wary about the risks involved by it because if you wont really be bothering yourself on seeing on what are those risks then
you would definitely be putting up yourself on such condition or situation.

Trading is risky but those risks could really be handled if you do really just handle yourself on the right way on which it would really be something that would really be
speaking or talking about things which you would really be needing to be done.

Of course trading is very risky if you come to trade without understanding. Most people think that trading will become a great trader. But they know nothing about the risks of trading. To become a skilled trader you need to acquire a lot of knowledge. You have to learn bit by bit if necessary. Because it is important to remember that little knowledge is always terrible.

My friend lost a lot of money trading a few days ago and he told me he would never trade again. I think his process was wrong because to trade you need to increase your practice a lot. You should do small trading at first to expand your experience. If you start trading because you are suddenly rich then you will lose so think about what you are doing. There are many people who lost a lot of money in early trading.

In this case, I will say that trading is risky, but why is it risky? It is because if any person wants to trading and does not have information about trading, and in addition to this, have a fund of a limited limit and if God wills he loses it, then he does not have the financial fund to cover it and if he is not able to make an effort,  but if there is someone who first Collect information about, choose a strong project and at a good time the mains market, he will know that the market is going to grow, then if he trades, he will definitely benefit and this is an excellent system to get profit.

They must consider the risks they will bear if a loss occurs, not constantly think about the profits they will get, in trading it will not always be profitable, even someone who is truly professional in trading sometimes has to endure suffering, but if a beginner has just experienced a loss It's best not to be too easily discouraged from turning previous trading into a valuable experience and not do it in the future

It is true that we will be able to earn income from trading, but we have to be careful in doing it and it is also important for us to understand it well first so that we don't make mistakes in trading that result in us losing the money we have and also we have to be able to control ourselves when trading so that we don't get greedy and it would be better if the target we set has been achieved. It would be better for us to take it and enjoy it ourselves and not miss it.

We don't need to take too big a risk if we are not able to face it, because the risk we take is too big and it will be very difficult to get back up if we experience failure in the trading we do.

Trading is a risky thing, especially if we invest in new projects, price fluctuations can be close to 100% if they drop but can go up thousands of percent in a day, as a trader of course the first and most important thing is to be aware and understand all the risks, don't sell assets which can stress us out when there is a price drop, it's better to use the money in your pocket to trade, and always learn from profit or loss to become a better trader.

Yes but still most people usually only make trading as their side income, in the sense that they have a main job that is really promising in terms of income, because after all trading has its own possible risks where you will be able to experience many losses if you come without having any preparation and knowledge, but it is true that all of this can be learned and depends on yourself if indeed you are one of the people who are diligent and disciplined and also have a high spirit in terms of learning everything including trading then I am sure that one day you can make trading as one of the incomes that can provide you with a sizable income in addition to your main job, the point in the world of trading is that if you are willing to learn and always study mistakes for a change then I think you have a good chance of becoming a successful and professional trader in the future.

On the other hand, it is not  uncommon for people to fail in their trading journey, it is because they have a lazy soul which will certainly continue to hinder their development and what happens is that losses dominate, therefore the knowledge and knowledge that is generated as a form of learning is like a fishing rod to get profit in the market, and if you do not have any preparation or fishing rod at all then it is clear as you say that this is nothing more than gambling which will only make us worse off.

If you have 2k in terms of USD value then the better approach will be to farm a potential airdrop. Try to use the safest and most popular one in this way your cost will be less but you can earn a huge profit. I have seen people get airdrops worth a few thousand dollars by using the protocol and losing only a few dollars in transaction fees. Airdrops are trending in the market so it will be worth it if you can manage your strategy and risk to farm all the ecosystem airdrops. Keeping all the principal amount and having some extra money which can sometimes be worth more than the principal amount, isn't that bad after all.

What you said is correct but to learn trading you need a trader who is not free of cost no one teaches trading as free.
Now a days everyone has created their channel and everyone is sitting in it. The right person and the fake person have to be chosen that the person who is, that is, to learn, trades to an extreme, and the person who is, does not mean well, and he cannot teach the trading up correctly. My advice to start with only less dollars, start from here little by little. Buy it and then save as much as you can from it.

Stay away from trading as much as you can, it is not a get quick rich investment or method to attain your financial aspirations quickly. To become rich, you have to work for it and if it was that easy, every newbie that comes new into the crypto space will by now already a rich person and more people will see it as the fastest way to become rich thereby following that same path. Nothing comes easy, learn and learn and learn until you become perfect.

While learning, making good use of demo account will make you understand many things in the market but it won’t have effect on your emotions. Emotions plays a big role in trading and if you can overcome it, your trading skill perfection and being a great trader is one step closer to been achievable. Newbies should try and learn or rather invest in bitcoin before taking up trading after they’ve had sufficient knowledge about it.

On the time that you are really that starting this journey with having that kind of mentality then just like on what you have said that this would really be ending up on miserable on which we do know that
once you do have those kind of expectations then you would really be definitely be having that kind of anticipations on which it might lead up into desperation on which you would really be keeping on pushing it out.
Trading skill isnt something that you could really be able to get or gained in a short period of time on which there's no way that you could really be able to make yourself that determine for being profitable.
Dont rush up yourself on learning it because this is where mistakes do usually be starting on on which on the time that you are being that optimistic.

This is why it would really be always best that you should really be at least realistic on things that you are really dealing.Dont set your hopes that high so that you wont really be on a haste.
You should really be that be in focus and not really that aiming for the sake of money and should really be at least having that goal and targets
without setting them too high.

there are many stages to trading for beginners, it is normal if the first time you trade it doesn't go as expected, but don't despair because trading is not just buying and selling, you need to understand the market you need to understand price charts and you also need information, if you are thinking about trading Just to get rich quickly, that's not the case at all, work hard and open a business, trading is also a lot to learn, if you're not ready, it's best to avoid it.

Trading could be a source where you can increase your fund but for that you need to teach yourself. And a trader always need to be courageous as well as determined. He should learn manage his fund, contro emotions as most importantly greed level! Should take too much risk where you can't calculate the situation. Otherwise it'll be similar to gambling where a trader putting himself at risk and could be a reason behind losing money

My trading strategy in 2024 is going to be that I think
I'm going to plan what I have in 2024 for 2k dollars and then I'm going to take trade what I have, for example if I have 2k dollars,
I will divide it into four parts. After that, the first part of 25 percent will be put on top of trading If I get any profit, I'll sell it at 10 or 15 percent.
See, if the coin goes down,I will buy more of my 25 percent investment respectively and I hope I will save from big loss in this condition or concept

Going into trading with such mentality is a sign already that you shouldn't be trading because you will definitely not become successful and profitable enough as you should be. Trading isn't a get rich quick scheme rather its a Skill that when you become proficient at it you can make a living out of it by trading but if you are more focused on getting rich first than learning the skill then there's all probability that profitability on that skill will be far away from you because those who got rich trading had to learn first because they started trading profitably and became rich.

No skill gets anyone rich almost immediately but with continuous practice and maintaining a good level of proficiency your skill automatically makes you money and if you have got a good money management skills then getting rich wouldn't be a problem.

Trading is very profitable but trading is very risky. People can make a lot of money instantly from this trading platform as well as lose their money instantly. Therefore, trading should always be done with maximum experience on the trading platform.

I am a new trader so I am sharing my experience for newbies. There are always some trading strategies to use. One who does not know trading strategy must gain experience about trading strategy. Never trade with passion on a trading platform. One can never be too greedy on a trading platform. If you want to take a trade, you have to take it from the highest dumping of the market, if necessary, you have to wait until the market is dumping.

Trading is risky and there is no disputing the fact, it only looks easy from none traders perspectives, they'd jump into it and think that it's buy and wait for price to dump then sale, they'll start trading and before long, they'll lose all their trading capitals. I now somebody that jumped into trading without adequate knowledge, just because he heard on a social media platform, where they teach crypto trading and how to start, anyway he lost a lot of money and is now branding crypto trading a scam.

Newbies must learn and equip themselves with the correct knowledge of trading, diligently learn the fundamental and technical analysis, how they apply in trading, including tips on trading behaviors, like being disciplined, avoid being emotional, patience and not being greedy, knowing when to enter and exit.

There are no easy words to become rich through anything, because those who have become rich must have gone through various stages and processes that took a long time to achieve it. So there is no need to cultivate the mindset that getting rich is easy through trading because every trader needs time to process and also needs capital to run it well after going through several stages of learning specifically from the media and people who already have experience about it.

Because in fact everyone can make their own comparisons in any job, including trading in the crypto market, where those who only rely on instinct or other people's advice without having basic knowledge themselves will continue to experience losses on an ongoing basis. So what you say is also true, that everyone should not rush into trading if they don't know about trading and how to use the market correctly.