Trading is risky, be conscious - page 11.

pgbit

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Quote from: Obari on January 19, 2023, 02:30:48 PM

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

For new traders, it's important to learn the basics of trading through books, online tutorials, and seminars. Don't invest all your savings at once, start small and gradually increase investments. Develop a trading plan based on goals, risk tolerance, and strategy, and stick to it. Utilize demo accounts to practice and test strategies. Manage risk with stop-loss orders and portfolio diversification, avoiding excessive leverage. Remember, trading is not a get-rich-quick scheme and success takes time, effort, and discipline. Learn from mistakes and stay patient.

Mahanton

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Quote from: summonerrk on March 06, 2023, 03:45:59 PM

Quote from: Bhig Daddy on March 06, 2023, 03:41:30 AM

Risk, in general, extends beyond trading and includes all aspects of life. Traveling by land, sea, rail, or air entails a significant risk in and of itself, but for the purposes of this discussion, let's only focus on trading. Trading is a wealthy industry, but it's also quite risky. The main problem with trading is that many would-be traders prefer to focus on the rush of making quick money without putting in the effort to develop the necessary abilities. It's understandable that even experienced traders occasionally experience losses, but what matters in this situation is the capacity to record more profits than losses. Everyone unprepared to be a trader is afraid of seeing red in their trade history.

You always need to delve into the details and find out exactly what risk you will have, and what profit you will get with a good outcome. We take a lot of risks in life, and even more in the crypto currency market. The main thing is to have a cool head and be able to fix profits on time. It is not necessary that a huge part of the transactions be profitable. 60% is enough.

When we do involved with trading then consider the ff;

1. Emotion handling
2. Risk or Fund management

If you are really that having these major key areas on which you should really need up to enhance or having that good control then you do at least somehow
do able to handle yourself with this unpredictable market. When you are just tending to dive in with this unpredictable market then making yourself
aware at least on what are the basic or casual things that you would encounter and it is really just right that you should adjust with it.

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Quote from: Bhig Daddy on March 06, 2023, 03:41:30 AM

Risk, in general, extends beyond trading and includes all aspects of life. Traveling by land, sea, rail, or air entails a significant risk in and of itself, but for the purposes of this discussion, let's only focus on trading. Trading is a wealthy industry, but it's also quite risky. The main problem with trading is that many would-be traders prefer to focus on the rush of making quick money without putting in the effort to develop the necessary abilities. It's understandable that even experienced traders occasionally experience losses, but what matters in this situation is the capacity to record more profits than losses. Everyone unprepared to be a trader is afraid of seeing red in their trade history.

You always need to delve into the details and find out exactly what risk you will have, and what profit you will get with a good outcome. We take a lot of risks in life, and even more in the crypto currency market. The main thing is to have a cool head and be able to fix profits on time. It is not necessary that a huge part of the transactions be profitable. 60% is enough.

Bhig Daddy

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Risk, in general, extends beyond trading and includes all aspects of life. Traveling by land, sea, rail, or air entails a significant risk in and of itself, but for the purposes of this discussion, let's only focus on trading. Trading is a wealthy industry, but it's also quite risky. The main problem with trading is that many would-be traders prefer to focus on the rush of making quick money without putting in the effort to develop the necessary abilities. It's understandable that even experienced traders occasionally experience losses, but what matters in this situation is the capacity to record more profits than losses. Everyone unprepared to be a trader is afraid of seeing red in their trade history.

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,

Quote from: Obari on January 19, 2023, 02:30:48 PM

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

All traders become gurus during bull runs because they are new, and most of them haven't experienced what it's like to be a trader during bear markets, which is why some of them fail in trading. Quick money can be made during bull runs, but only degen stay through hard times, which is what makes some traders benefit in all market conditions.
As a newbie, my advise is to always do things your own way, not to rely on other people's opinions before making a choice, and to be willing to give it everything because becoming a professional trader takes time.

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Quote from: Obari on January 19, 2023, 02:30:48 PM

What would be your advice for those wanting to trade as a newbie?

Trading is always risky in all types of trading, but cryptocurrency trading in particular is extremely risky. So, if you don't have the basic knowledge at the beginning, you will face losses while trading. So in the newbie condition, there will be a suggestion not to go into trading with any big investment, because sometimes the volatile market faces danger. And my suggestion for you in the beginning start with bitcoin it will be most safest and secure investment source for newbies. And always remember in mind that invest as much as you can afford to loose.

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Quote from: WatChe on February 21, 2023, 08:19:27 AM

Quote from: nurilham on February 17, 2023, 05:57:53 PM

Quote from: MiF on February 16, 2023, 09:40:08 PM

As newbie you need basic, study trading first before do big trades to avoid disappoinment many trader loss a lot of money because they wanted a quick earnings, we need to do trading with plan not just trade and trade because trading also need an strategy we need to think twice before making any decisions to avoid loss.

Agree. Newbies must focus on learning first, don't hurry to think about big profits. If a newbie just focuses on profits, he probably ends up with huge losses because trading carelessly. It is true that there are many traders who lose big money because they don't have enough knowledge but they are greedy to make big profits. Sure, trading needs a proper strategy, it requires the deep understanding about crypto market, too.

Everyone says that you need experience before doing trading but how anyone can get experience before doing actual trading? As far as my knowledge is concerned we can get necessary experience only by doing trading.
There are a few things that one needs to follow in order to avoid big losses (of course, we can't avoid small losses) like avoid subscribing to trade signaling groups, investing money in coins that are cheap in price etc.

Trading requires holistic knowledge. A trader needs to acquire knowledge on various subjects. Along with trading knowledge, there should be various news of global business, politics and economy. When a trader is able to acquire good knowledge in the mentioned subjects then he can become proficient in trading. There is no end to knowing. Traders must constantly be up-to-date on everything.

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Quote from: Obari on January 19, 2023, 02:30:48 PM

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

They're stages to everything in life, in as much as you're determined to get to a certain height, it's very possible if you're focussed on it and try to learn this stages not jump into any one.
Also, you need to work on your personality as well, they're things that are not permitted of a trader, you're not to be in a rush to make money, trading isn't a get quick scheme, it has processes.

LUCKMCFLY

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Quote from: nurilham on February 17, 2023, 05:57:53 PM

Quote from: MiF on February 16, 2023, 09:40:08 PM

As newbie you need basic, study trading first before do big trades to avoid disappoinment many trader loss a lot of money because they wanted a quick earnings, we need to do trading with plan not just trade and trade because trading also need an strategy we need to think twice before making any decisions to avoid loss.

Agree. Newbies must focus on learning first, don't hurry to think about big profits. If a newbie just focuses on profits, he probably ends up with huge losses because trading carelessly. It is true that there are many traders who lose big money because they don't have enough knowledge but they are greedy to make big profits. Sure, trading needs a proper strategy, it requires the deep understanding about crypto market, too.

Totally agree, a newbie must learn first before trading, and it would be good if he learned to understand the market, there are specialized books that teach that even before learning technical analysis, in which I always recommend reading Wyckoff's books, Livermore, Warren Buffet who are very well known authors and who leave their thoughts in their books.

These authors clearly have many books, I recommend reading all the ones they have published, it doesn't matter how old the books are, the strategies are the same for those times as they are now, because obviously they don't change, some may say yes, but no .

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Quote from: Obari on January 19, 2023, 02:30:48 PM

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

Trading is associated with risks, yet there are traders on the market that are profiting more from the industry. It's imperative to enter a trade with the right entry confirmation or to heed a trading signal that has an accuracy level of 70–80%. The best advice for newcomers is to practice discipline, consistency, and risk control. Because the market has a tendency to screw with our emotions, especially when we are losing trades, individuals should only trade with money they can afford to lose. It will take some time for a novice to become proficient in the market, but if they exchanged reliable coins, reaping the rewards wouldn't be too challenging since gains more than offset losses. For example, when I was a beginner, I studied diligently in order to grasp the entire trendlines strategy, which has been the major guardian for me. Trust me when I say, I don't regret anything because I've mastered the trading strategy. However, newbies should implement more trading strategies and apply the one that works for him or her.

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Quote from: Hamphser on February 28, 2023, 03:42:37 PM

Quote from: summonerrk on February 21, 2023, 12:56:36 PM

Quote from: Obari on January 19, 2023, 02:30:48 PM

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

In fact, the answer is quite simple. An experienced serious trader comes to the market to increase his capital, not for entertainment. These are low emotional people. They are ready to wait for a profit for a year, or even three! Showing incredible self-control. The second type: people who put up a deal, and look at the price every hour. And when they get bored, they start moving the buy or sell levels, destroying their initial strategy. As a rule, these are beginners.

It depends on what kind of trader you are because there are people who do really prefer on seeing profits on shortest time as possible but of course it isnt something that simple that someone could easily deal with.

Most of the time. who doesnt really like on seeing profits on shortest time as possible? Of course you would really be ending up on being impulsive specially when you are checking out the market condition everynow
and then which this one really makes someone do become impulsive and making up decisions which arent really that sensible at all.

Trading is risk and if you wont really be that conscious on what you are doing then you would definitely experiencing lots of mistakes and errors.

I think the words Experienced Trader and Quick Profit are incompatible. Only if he is lucky, but according to probability theory, then he is unlikely to see much profit in the near future, because one profitable situation will become less.
And I think that all trading on the market is a series of such Profitable Situations. Both in principle and unprofitable situations. And your success is built on the ability to see them and participate/avoid them.

Hamphser

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Quote from: summonerrk on February 21, 2023, 12:56:36 PM

Quote from: Obari on January 19, 2023, 02:30:48 PM

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

In fact, the answer is quite simple. An experienced serious trader comes to the market to increase his capital, not for entertainment. These are low emotional people. They are ready to wait for a profit for a year, or even three! Showing incredible self-control. The second type: people who put up a deal, and look at the price every hour. And when they get bored, they start moving the buy or sell levels, destroying their initial strategy. As a rule, these are beginners.

It depends on what kind of trader you are because there are people who do really prefer on seeing profits on shortest time as possible but of course it isnt something that simple that someone could easily deal with.

Most of the time. who doesnt really like on seeing profits on shortest time as possible? Of course you would really be ending up on being impulsive specially when you are checking out the market condition everynow
and then which this one really makes someone do become impulsive and making up decisions which arent really that sensible at all.

Trading is risk and if you wont really be that conscious on what you are doing then you would definitely experiencing lots of mistakes and errors.

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Trading involves more than just making predictions about whether the market will rise or fall; it also requires knowledge and experience in order to execute trades. Many people take on significant financial risk in order to be in a strong position and ensure that their asset investment will not be lost. One of the main reasons why people get a hugely large return is the flexibility of the leverage or risk management, which enables users or traders to lend some money for their position. Having a sincere intention, urge to learn, and desire to make money with trading is therefore essential.

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Quote from: summonerrk on February 21, 2023, 12:56:36 PM

In fact, the answer is quite simple. An experienced serious trader comes to the market to increase his capital, not for entertainment. These are low emotional people. They are ready to wait for a profit for a year, or even three! Showing incredible self-control. The second type: people who put up a deal, and look at the price every hour. And when they get bored, they start moving the buy or sell levels, destroying their initial strategy. As a rule, these are beginners.

Experienced traders have already controlled their emotions.

They will no longer be affected by the situation of the market and they are clear with their intentions and that is to win trades, no matter what the market situation is.

No one and nothing is going to trigger them unless they allow those triggering factors to make their emotions be moved.

summonerrk

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Quote from: Obari on January 19, 2023, 02:30:48 PM

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

In fact, the answer is quite simple. An experienced serious trader comes to the market to increase his capital, not for entertainment. These are low emotional people. They are ready to wait for a profit for a year, or even three! Showing incredible self-control. The second type: people who put up a deal, and look at the price every hour. And when they get bored, they start moving the buy or sell levels, destroying their initial strategy. As a rule, these are beginners.

WatChe

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Quote from: nurilham on February 17, 2023, 05:57:53 PM

Quote from: MiF on February 16, 2023, 09:40:08 PM

As newbie you need basic, study trading first before do big trades to avoid disappoinment many trader loss a lot of money because they wanted a quick earnings, we need to do trading with plan not just trade and trade because trading also need an strategy we need to think twice before making any decisions to avoid loss.

Agree. Newbies must focus on learning first, don't hurry to think about big profits. If a newbie just focuses on profits, he probably ends up with huge losses because trading carelessly. It is true that there are many traders who lose big money because they don't have enough knowledge but they are greedy to make big profits. Sure, trading needs a proper strategy, it requires the deep understanding about crypto market, too.

Everyone says that you need experience before doing trading but how anyone can get experience before doing actual trading? As far as my knowledge is concerned we can get necessary experience only by doing trading.
There are a few things that one needs to follow in order to avoid big losses (of course, we can't avoid small losses) like avoid subscribing to trade signaling groups, investing money in coins that are cheap in price etc.

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Quote from: Obari on January 19, 2023, 02:30:48 PM

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

Trading in this industry requires sufficient knowledge and it is not enough that you know how to be careful because capital money depends on it.

Then if your only mindset is to get rich and earn a lot of money, I think you cannot be here in this world of cryptocurrency, because it is good and good that you are here because you saw the beauty of the concept why it is necessary to use and invest , that's how it should be.

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Quote from: Obari on January 19, 2023, 02:30:48 PM

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

for beginners the main thing in learning to trade is to be in a trading environment, so that we can ask a lot of questions about the world of trading. that way we will understand trading strategies more quickly, with lots of experiences experienced by ourselves or sharing stories from other traders. and of course it would be better if someone guides the way we trade before finding our own trading style

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Initially trading isn't bad or good I will say it's a complicated on that system of Invertement.
As a newbie you need to under go a training like getting a class for yourself and making more research I guess that will be of a help, you most have something doing before getting your self into trading as a newbie, so as to help add up when you are losing.
I will say again make sure you get to any of the trading class so you can learn how the process works.

Obari

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Quote from: Awaklara on February 15, 2023, 11:41:23 PM

Quote from: martyns on February 15, 2023, 07:26:41 PM

One major reason why one needs to be very careful while trading is the emotional hallucination involved when there is a loss.Many people believe that during trading,risk is one major thing that one must take,but when the risk taken finally materialises into reality and brings loss,they suffer heart pressure which sometimes make them lose their mind and sometimes cause depression.It is therefore good to take note of the fact that failure is part of success,because Everytime that one fails,there is an experience gathered,and that experience makes them do well in their next trading.

traders who have such a fate are those who are too obsessed with big profits. and of course, they are not ready to lose. in their mind they only trade to win. despite knowing the risks, they never take them seriously.
those who start with large capital, usually do not have good control over their financial management. he can bring good money to the market, but with little experience and knowledge of the trade, they are just a gamble for luck.

Nobody does a business with expectations of making loss even when knowing that there are losses and this is also same case with trading as most traders despite also know the risk involved in trade, would never assume they might make loss rather the mind of the trader is ready focused on making profits and that no matter how much loss they make, they're expected to go home with profit and that's fine as human to have such mind set.

My advise to traders just as most people have already said, just do first things first and let time take it's course Andi will always advise that they should invest in getting more of the knowledge rather than making short time profits. It is true that it's even more sweet that you're making profits while learning and that will require you get a mentor so rather than learning more often with virtual currency, one can practice more with real money account and make some profits when while learning after all the sole aim of trading is to make profit.

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