Trading is unpredictable job. - page 111.

JeffBrad12

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Quote from: wxa7115 on November 29, 2016, 07:30:51 PM

Quote from: serjent05 on November 27, 2016, 08:49:29 AM

Quote from: deisik on November 27, 2016, 07:23:00 AM

Quote from: Positid on November 24, 2016, 06:59:10 AM

Quote from: deisik on November 24, 2016, 06:37:33 AM

Quote from: TDutch on November 24, 2016, 05:47:06 AM

The market is unpredictable, however you always should foresee multiple outcome. The most important one is: "Where should the market NOT go". That is where you place your trading stop.

Most people who are proudly calling themselves traders are not like that. They would be just waiting out the bad times till the price rebounds. and they are able sell at a profit. With Bitcoin, it usually works out just fine at the end of the day (unless you bought your bitcoins in late 2013 at over $1,000 per coin, of course), but with altcoins that might be and most likely is fatal, given that the total majority of these "coins" are outright scams...

Which all without exception eventually end up at 1 satoshi

But there are still people who like to play with alts and actually they are making money since they have a good skills to do the right timing. Therefore for overall, a trader's skills can be determine not only because of one asset but base on different assets like trading with alts and bitcoins.

It has different market so you will be tested if you can succeed or not.

I have a strong inclination to think that making money through scam coins has nothing to do with your trading skills as such. You either make money there simply because you belong to the group which is pushing that coin to the market (and which can be loosely called as "scammers") or just turn out to be exceptionally lucky to both get in just in time and get out just in time. So, there is no real reason to get yourself tested whether you can succeed in that market or not...

You can just play the Russian roulette instead

If one trader is exposed to lots of scamcoins or shitcoins, they are able to tell the movement of the coin. This is what we know as experience. With this they can be able to earn profit from the said coins even if they have no affiliation to those scam devs. I don't believe its luck though.

technical analysis can be used on bitcoin because there is a lot of volume and the same cannot be said for a new altcoin.

The average shit coin was referring to short term use. It can't be predicting how the coin will start for walk away.
And technical analysis can't say anything for that.

wxa7115

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Quote from: serjent05 on November 27, 2016, 08:49:29 AM

Quote from: deisik on November 27, 2016, 07:23:00 AM

Quote from: Positid on November 24, 2016, 06:59:10 AM

Quote from: deisik on November 24, 2016, 06:37:33 AM

Quote from: TDutch on November 24, 2016, 05:47:06 AM

The market is unpredictable, however you always should foresee multiple outcome. The most important one is: "Where should the market NOT go". That is where you place your trading stop.

Most people who are proudly calling themselves traders are not like that. They would be just waiting out the bad times till the price rebounds. and they are able sell at a profit. With Bitcoin, it usually works out just fine at the end of the day (unless you bought your bitcoins in late 2013 at over $1,000 per coin, of course), but with altcoins that might be and most likely is fatal, given that the total majority of these "coins" are outright scams...

Which all without exception eventually end up at 1 satoshi

But there are still people who like to play with alts and actually they are making money since they have a good skills to do the right timing. Therefore for overall, a trader's skills can be determine not only because of one asset but base on different assets like trading with alts and bitcoins.

It has different market so you will be tested if you can succeed or not.

I have a strong inclination to think that making money through scam coins has nothing to do with your trading skills as such. You either make money there simply because you belong to the group which is pushing that coin to the market (and which can be loosely called as "scammers") or just turn out to be exceptionally lucky to both get in just in time and get out just in time. So, there is no real reason to get yourself tested whether you can succeed in that market or not...

You can just play the Russian roulette instead

If one trader is exposed to lots of scamcoins or shitcoins, they are able to tell the movement of the coin. This is what we know as experience. With this they can be able to earn profit from the said coins even if they have no affiliation to those scam devs. I don't believe its luck though.

It is not as easy though since technical analysis tends to breakdown and not being very useful if the market is very small, technical analysis can be used on bitcoin because there is a lot of volume and the same cannot be said for a new altcoin.

btcdevil

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Quote from: jeremy grol on November 29, 2016, 02:15:30 PM

Learn from your loss and get ready for profit.

What you are saying is not fully truth, in this forum if you follow altcoin/announcement section then you can find lot of new coins are coming in the market who gives bounty for small tasks and if you do that you can get free coins , so when this coins list in exchanges you can start doing trading and gain knowledge of trading , from this free coin even if you are in loss that wont affect you but you will be gaining the knowledge of trading not only for altcoin but also for bitcoin trading.

But the main key is always be patience in trading when you are trading in Bitcoin because in bitcoin we can expect the buying price and above also but dont take this rule in Altcoin trading as they are controlled by the Developer and the users who do trading in that coin

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Learn from your loss and get ready for profit.

traderethereum

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Quote from: GregH37 on November 29, 2016, 03:26:43 AM

Quote from: Natalim on November 27, 2016, 11:58:05 PM

Quote from: BingoDog on November 27, 2016, 03:13:05 PM

Trading is long run job and long term investment. You just can't get anything over night. It takes time and patience and you will not always win, be prepared also to lose. Many people give up on this way because they find it to hard. No one has said that trading is for everyone.

I definitely agree with your statement, I believe in trading you have to learn not only the basic as you are required to have at east a continuing education, your experience matters a lot if you consider it, with your experience this job which is unpredictable will be predictable for you in the long run.

Yes, trading really matters with skill, experience and knowledge, If you want to start trading you must have some good experience about trading so you have to do a deep study about the trading tools and strategies by using them you are going to trade. Trading is unpredictable job for those you could not find time to prepare themselves.

yes i agree but if you are new, don't be afraid if you get loss, with your loss, you can have experience to learn and hope that you don't make the same mistake you've done before. its good to always learn about trading especially to make analysis about the coins you wan to buy so you can learn something from the analysis itself.

winspiral

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Free WSPU2 Token or real dollars

yes it is unpredictable and it is why it is fun...
Imagine a lottery where you know in advance the winning numbers...

if you like trading i propose you to trade here:

http://u2cloudmining.winspiral.net/comsell.php

what will be the comshare price in few months?
Why not trade...it's free.

GregH37

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Quote from: Natalim on November 27, 2016, 11:58:05 PM

Quote from: BingoDog on November 27, 2016, 03:13:05 PM

Trading is long run job and long term investment. You just can't get anything over night. It takes time and patience and you will not always win, be prepared also to lose. Many people give up on this way because they find it to hard. No one has said that trading is for everyone.

I definitely agree with your statement, I believe in trading you have to learn not only the basic as you are required to have at east a continuing education, your experience matters a lot if you consider it, with your experience this job which is unpredictable will be predictable for you in the long run.

Yes, trading really matters with skill, experience and knowledge, If you want to start trading you must have some good experience about trading so you have to do a deep study about the trading tools and strategies by using them you are going to trade. Trading is unpredictable job for those you could not find time to prepare themselves.

deisik

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Quote from: richmcrich on November 27, 2016, 01:47:21 PM

Quote from: jeremy grol on November 27, 2016, 08:48:24 AM

Trading is hard. Very hard. You could become rich quickly, as well of poor quickly.
But i know many people who live by daily trading on crypto.

But bitcoin trading is completely different from other type of trading. When a trader is ready to hold and wait for some long period the hardness of bitcoin trading is almost coming down to zero. So, bitcoin trading is not that much hard. If you are ready to wait you will become rich but not in quick

All hard assets are like that, precious metals in general and gold in particular being the most conspicuous in this respect. You can just buy and hold until the price turns profitable. Even in Forex, if you trade without leverage, it would be basically along the same lines. You can buy, say, Swiss franc and sit calm waiting till it appreciates against all other currencies including the US dollar. Though you would need millions to trade without leverage in Forex, since one standard lot equals 100,000 units of a traded currency...

You can trade mini and micro lots too, but that may not work out if you are going to buy, hold and pray

Quote from: richmcrich on November 27, 2016, 01:47:21 PM

Quote from: jeremy grol on November 27, 2016, 08:48:24 AM

You have to think trading as a daily jobs, not just buy and hold.
Like real forex trader, they buy and sell hiundreds time every day.

You again went wrong. Why not we buy and hold bitcoins and what is the need to treat bitcoin trading as a daily job. We can do bitcoin trading as an investment and as a part-time job too. Buy -> hold and wait -> book definite profit, still it is a trading.

It is called day trading, and it is as addictive as gambling

Positid

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Quote from: audaciousbeing on November 28, 2016, 05:57:35 AM

Quote from: Strongkored on November 28, 2016, 04:22:38 AM

Quote from: BingoDog on November 27, 2016, 03:13:05 PM

Trading is long run job and long term investment. You just can't get anything over night. It takes time and patience and you will not always win, be prepared also to lose. Many people give up on this way because they find it to hard. No one has said that trading is for everyone.

Not all trader can understand thats trading is long term investment, many of they is want to make they trading only in one day and get the profit in one day too, i agree with you trading is long term investment but not in all altcoin if you trading altcoin, its can take long term investment if you trading in stable altcoin

This is something even me I am still battling with. Coming into trading fresh, i just find it difficult to grasp, you get an hunch about a currency then you put money into it hoping to get reasonable return, but alas its just taking the downturn axis and you begin to wonder, how manage? and even get discourage about trying it on another currency because you don't know what the outcome will be.

That's part of the journey in trading and in your journey you have to face a lot of challenges along the way. Actually, if you will just believe in yourself you can be successful in trading, think that if others can do it then why can't you.

It's unpredictable but that the reality as that is it's nature and your job.

audaciousbeing

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Quote from: Strongkored on November 28, 2016, 04:22:38 AM

Quote from: BingoDog on November 27, 2016, 03:13:05 PM

Trading is long run job and long term investment. You just can't get anything over night. It takes time and patience and you will not always win, be prepared also to lose. Many people give up on this way because they find it to hard. No one has said that trading is for everyone.

Not all trader can understand thats trading is long term investment, many of they is want to make they trading only in one day and get the profit in one day too, i agree with you trading is long term investment but not in all altcoin if you trading altcoin, its can take long term investment if you trading in stable altcoin

This is something even me I am still battling with. Coming into trading fresh, i just find it difficult to grasp, you get an hunch about a currency then you put money into it hoping to get reasonable return, but alas its just taking the downturn axis and you begin to wonder, how manage? and even get discourage about trying it on another currency because you don't know what the outcome will be.

Strongkored

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Quote from: BingoDog on November 27, 2016, 03:13:05 PM

Trading is long run job and long term investment. You just can't get anything over night. It takes time and patience and you will not always win, be prepared also to lose. Many people give up on this way because they find it to hard. No one has said that trading is for everyone.

Not all trader can understand thats trading is long term investment, many of they is want to make they trading only in one day and get the profit in one day too, i agree with you trading is long term investment but not in all altcoin if you trading altcoin, its can take long term investment if you trading in stable altcoin

Natalim

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Quote from: BingoDog on November 27, 2016, 03:13:05 PM

Trading is long run job and long term investment. You just can't get anything over night. It takes time and patience and you will not always win, be prepared also to lose. Many people give up on this way because they find it to hard. No one has said that trading is for everyone.

I definitely agree with your statement, I believe in trading you have to learn not only the basic as you are required to have at east a continuing education, your experience matters a lot if you consider it, with your experience this job which is unpredictable will be predictable for you in the long run.

BingoDog

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Activity: 658

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Trading is long run job and long term investment. You just can't get anything over night. It takes time and patience and you will not always win, be prepared also to lose. Many people give up on this way because they find it to hard. No one has said that trading is for everyone.

richmcrich

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Quote from: jeremy grol on November 27, 2016, 08:48:24 AM

Trading is hard. Very hard. You could become rich quickly, as well of poor quickly.
But i know many people who live by daily trading on crypto.

But bitcoin trading is completely different from other type of trading. When a trader is ready to hold and wait for some long period the hardness of bitcoin trading is almost coming down to zero. So, bitcoin trading is not that much hard. If you are ready to wait you will become rich but not in quick.

Quote from: jeremy grol on November 27, 2016, 08:48:24 AM

You have to think trading as a daily jobs, not just buy and hold.
Like real forex trader, they buy and sell hiundreds time every day.

You again went wrong. Why not we buy and hold bitcoins and what is the need to treat bitcoin trading as a daily job. We can do bitcoin trading as an investment and as a part-time job too. Buy -> hold and wait -> book definite profit, still it is a trading.

deisik

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Quote from: serjent05 on November 27, 2016, 08:49:29 AM

Quote from: deisik on November 27, 2016, 07:23:00 AM

I have a strong inclination to think that making money through scam coins has nothing to do with your trading skills as such. You either make money there simply because you belong to the group which is pushing that coin to the market (and which can be loosely called as "scammers") or just turn out to be exceptionally lucky to both get in just in time and get out just in time. So, there is no real reason to get yourself tested whether you can succeed in that market or not...

You can just play the Russian roulette instead

If one trader is exposed to lots of scamcoins or shitcoins, they are able to tell the movement of the coin. This is what we know as experience. With this they can be able to earn profit from the said coins even if they have no affiliation to those scam devs. I don't believe its luck though.

I don't quite understand how exposure to many scamcoins and shitcoins (there is hardly any difference between them) would enable the trader to tell the movement of the coin (if only down, I guess). As you don't believe in such luck, I don't believe in such experience. Again, it is like playing the Russian roulette, you may play successfully six times, but that doesn't make you into an experienced player. Since you are just being extremely lucky...

Unless you are the one who is charging the gun, of course

Quote from: jeremy grol on November 27, 2016, 08:48:24 AM

Trading is hard. Very hard. You could become rich quickly, as well of poor quickly.

From zero to hero and back again

serjent05

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Quote from: deisik on November 27, 2016, 07:23:00 AM

Quote from: Positid on November 24, 2016, 06:59:10 AM

Quote from: deisik on November 24, 2016, 06:37:33 AM

Quote from: TDutch on November 24, 2016, 05:47:06 AM

The market is unpredictable, however you always should foresee multiple outcome. The most important one is: "Where should the market NOT go". That is where you place your trading stop.

Most people who are proudly calling themselves traders are not like that. They would be just waiting out the bad times till the price rebounds. and they are able sell at a profit. With Bitcoin, it usually works out just fine at the end of the day (unless you bought your bitcoins in late 2013 at over $1,000 per coin, of course), but with altcoins that might be and most likely is fatal, given that the total majority of these "coins" are outright scams...

Which all without exception eventually end up at 1 satoshi

But there are still people who like to play with alts and actually they are making money since they have a good skills to do the right timing. Therefore for overall, a trader's skills can be determine not only because of one asset but base on different assets like trading with alts and bitcoins.

It has different market so you will be tested if you can succeed or not.

I have a strong inclination to think that making money through scam coins has nothing to do with your trading skills as such. You either make money there simply because you belong to the group which is pushing that coin to the market (and which can be loosely called as "scammers") or just turn out to be exceptionally lucky to both get in just in time and get out just in time. So, there is no real reason to get yourself tested whether you can succeed in that market or not...

You can just play the Russian roulette instead

If one trader is exposed to lots of scamcoins or shitcoins, they are able to tell the movement of the coin. This is what we know as experience. With this they can be able to earn profit from the said coins even if they have no affiliation to those scam devs. I don't believe its luck though.

jeremy grol

hero member

Activity: 882

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Trading is hard. Very hard. You could become rich quickly, as well of poor quickly.
But i know many people who live by daily trading on crypto.

You have to think trading as a daily jobs, not just buy and hold.
Like real forex trader, they buy and sell hiundreds time every day.

BitHodler

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Quote from: deisik on November 27, 2016, 07:23:00 AM

You can just play the Russian roulette instead

Not only that, but people knowingly investing in these scam coins also allow the "developers" of these coins to continue scamming people as they give them more incentive to keep pushing scam coins in the market.

In that aspect you can say that these people are also contributing to the problem that there are so many scam coins in the altcoin industry.

Yes, in some cases there is a lot money to be made with these coins as they are getting pumped and dumped regularly, but it's nothing more than a nasty gamble where you support scammers.

deisik

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Quote from: Positid on November 24, 2016, 06:59:10 AM

Quote from: deisik on November 24, 2016, 06:37:33 AM

Quote from: TDutch on November 24, 2016, 05:47:06 AM

The market is unpredictable, however you always should foresee multiple outcome. The most important one is: "Where should the market NOT go". That is where you place your trading stop.

Most people who are proudly calling themselves traders are not like that. They would be just waiting out the bad times till the price rebounds. and they are able sell at a profit. With Bitcoin, it usually works out just fine at the end of the day (unless you bought your bitcoins in late 2013 at over $1,000 per coin, of course), but with altcoins that might be and most likely is fatal, given that the total majority of these "coins" are outright scams...

Which all without exception eventually end up at 1 satoshi

But there are still people who like to play with alts and actually they are making money since they have a good skills to do the right timing. Therefore for overall, a trader's skills can be determine not only because of one asset but base on different assets like trading with alts and bitcoins.

It has different market so you will be tested if you can succeed or not.

I have a strong inclination to think that making money through scam coins has nothing to do with your trading skills as such. You either make money there simply because you belong to the group which is pushing that coin to the market (and which can be loosely called as "scammers") or just turn out to be exceptionally lucky to both get in just in time and get out just in time. So, there is no real reason to get yourself tested whether you can succeed in that market or not...

You can just play the Russian roulette instead

wxa7115

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Quote from: d@nte on November 26, 2016, 07:46:02 PM

The problem is that many ignore the fact that, by learning more about the market and about trading tactics, it's possible to make good market projections and, of course, good trades.
I think that, despite the uncertainties in the market, there are many fundamentals and statistical analysis that can help the investor to better see what lies ahead...

You are mostly correct, we can get better trades by studying and practicing but even then there are things which are impossible to predict, for example if an earthquake strikes a country then it is very likely the markets of that country are going to suffer, how much will depend on the damages that the earthquake caused and if you had some investments there is possible to lose money.

Topic: Trading is unpredictable job. - page 111. (Read 235951 times)