Trading is unpredictable job. - page 113.

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Quote from: Xenophoto on November 23, 2016, 07:45:16 AM

Quote from: dustboy on November 23, 2016, 01:55:15 AM

Quote from: dotajhay on November 23, 2016, 12:05:03 AM

Quote from: densuj on August 01, 2016, 05:46:33 AM

There are many people who lost their money on trading, because trading is unpredictable job, in my opinion i need:
Method ( i must have system trading)
Money ( i must have management of money and risk)
Mind ( i must can control my emotion)
Tell me your opinions?

The most thing you need in trading is in the following.
1. Money(Ofcourse you need money for investment in trading to grow your bitcoins)
2. Mind(You need a good strategy and a little bit of known about trading)
3. Patience(This is the last you need is patience because in trading you didn't know wether it will be high or low so if you buy in low cost you need patience in waiting the coin to get high value)

You missed the other important thing, that is "luck". Even if you are a professional trader already, it does not mean you will always get profit when the luck is not on your side.

I'm not sure if luck is actually involved in trading because there's an explanation behind the market movements. When the coin dies, it's because the coin was a failure and the dev wasn't able to revive the coin. When the coin's price increases, it's because there's a good target market or it's because people have been promoting it a lot. There's a law of supply & demand to support what's happening with the price of the coin. It's not like gambling wherein the website simply generates a number and that decides if you're going to have positive profit or lose your money. Trading is based on the buyers/sellers and not luck.

I could just as well claim that there is an explanation behind behind every dice roll

I mean online gambling, of course. We hear it now and then that some "lucky" gambler has found a flaw in the betting system of a casino and was able to "predict" the outcome of the next roll. Would we call him lucky to win every time, or every time when he wants to win (so as to raise suspicion too early)? I guess certainly not, at least, not in the sense as you mean it. Though for other gamblers the outcomes would still be as random, simply because the choice they make remains mostly random

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I hope many people know that trading is unpredictable job, but with price hike in bitcoin many showing interest towards trading in that some are doing altcoin trading, but what ever trading it is trading is always risky you have to be very smart when you are doing trading.

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Quote from: vegito on November 24, 2016, 02:10:22 AM

Quote from: TravisNeko on November 23, 2016, 11:06:21 PM

Trading is very unpredictable and I think that its risky to do it but on the other hand it stays very profitable for a short term so due to that its also again worth it too.

I think that most activities, where there is the possibility of making huge profits, there is also a considerably high risk. For trading it's not different and it requires, from the investor, self-control and study, especially in a market with so many uncertainties as the cryptocurrency market.

You just said it and you are right, the higher the reward the higher the risk and only those people who are willing to trade will have a chance to be profitable. That's how it works here as there's no easy and fee money in this world. We need to learn on how to take risk.

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Quote from: TravisNeko on November 23, 2016, 11:06:21 PM

Trading is very unpredictable and I think that its risky to do it but on the other hand it stays very profitable for a short term so due to that its also again worth it too.

I think that most activities, where there is the possibility of making huge profits, there is also a considerably high risk. For trading it's not different and it requires, from the investor, self-control and study, especially in a market with so many uncertainties as the cryptocurrency market.

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Yes you are right, but there are many people who make money through trading, trading has different techniques where have to apply those to make profits in crypto industry, but you need to have lot of patience crypto currency is completely different one when compared to other trading because there are so many dump and pump coins out there, you need to be very smart in choosing those otherwise definitely you will loose money. Plan only 50% of your money on marginal trading becuase marginal some time gives you more profit.

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Quote from: danherbias07 on November 23, 2016, 11:42:51 PM

Quote from: TravisNeko on November 23, 2016, 11:06:21 PM

Trading is very unpredictable and I think that its risky to do it but on the other hand it stays very profitable for a short term so due to that its also again worth it too.

Short term profits. Yes that is true and that is how I loved trading. Just a lttle movement makes you a lot of money if you got the right prediction. But OP is right it is unpredictable so I think it will still depend on your instincts.

Actually we have more chance to make profit in trading than in gambling. I am a gambler and trader myself and I can really compare the two. In trading though it's a hard job but since information are available we can easily improve our knowledge and skills.

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Quote from: TravisNeko on November 23, 2016, 11:06:21 PM

Trading is very unpredictable and I think that its risky to do it but on the other hand it stays very profitable for a short term so due to that its also again worth it too.

Short term profits. Yes that is true and that is how I loved trading. Just a lttle movement makes you a lot of money if you got the right prediction. But OP is right it is unpredictable so I think it will still depend on your instincts.

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Trading is very unpredictable and I think that its risky to do it but on the other hand it stays very profitable for a short term so due to that its also again worth it too.

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Quote from: ipanks on November 23, 2016, 10:13:14 PM

Quote from: Mirardowyn on November 23, 2016, 09:26:38 PM

Trading is unpredictable and I think that its almost similar to gambling these days so that says already enough in my eyes.

if you learn about the analysis of trading, then you can make your own prediction in how much price it will be down and up with right and i think trading is not the same as gambling. but i am agree that trading is unpredictable and we can prevent this with the lesson and experience we have so we can manage the profit and the loss we have get.

both gambling and trading is not the same thing , but both have a something similar .
such as when you are trying to guess the price of the market in trading , you also guess the outcome of dice number in gambling.
that two behavior is basically same , but trading more realistic as guessing based on fact in the real world when gambling pure just guessing.

ipanks

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Quote from: Mirardowyn on November 23, 2016, 09:26:38 PM

Trading is unpredictable and I think that its almost similar to gambling these days so that says already enough in my eyes.

if you learn about the analysis of trading, then you can make your own prediction in how much price it will be down and up with right and i think trading is not the same as gambling. but i am agree that trading is unpredictable and we can prevent this with the lesson and experience we have so we can manage the profit and the loss we have get.

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Trading is unpredictable and I think that its almost similar to gambling these days so that says already enough in my eyes.

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Quote from: wxa7115 on November 23, 2016, 06:13:33 PM

Quote from: Supercrypt on November 22, 2016, 12:42:33 PM

Quote from: electronicash on November 22, 2016, 10:12:43 AM

I somehow find trading to be predictable this time because I notice every time a coin's value goes up, someone is eager to dump his coin the first and so you better be the first to dump it before someone else does. You can't just expect someone to wait til they get to dump for quick hundreds. most of them prefer to just dump for cents.

But when you are planning to dump before anyone else, you may miss some higher prices also. It means you will still get profits but you cannot catch the possible maximum profits. But for this, you should have bought before the bump has started. In my opinion, still trading is an unpredictable job even you are predicting possible dump.

Knowing when to buy and when to sell is the most important skill for any trader and it is impossible to always get it right so as long as you are able to secure profits big enough for you, one.

In my experience with zcash I was feeling pain for knowing when the right time for buy and selling. Even the drop trend will never have got imagined by someone if ZEC still drops until the last rate.
I think all of that will be depending on the market's move.

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Quote from: Supercrypt on November 22, 2016, 12:42:33 PM

Quote from: electronicash on November 22, 2016, 10:12:43 AM

I somehow find trading to be predictable this time because I notice every time a coin's value goes up, someone is eager to dump his coin the first and so you better be the first to dump it before someone else does. You can't just expect someone to wait til they get to dump for quick hundreds. most of them prefer to just dump for cents.

But when you are planning to dump before anyone else, you may miss some higher prices also. It means you will still get profits but you cannot catch the possible maximum profits. But for this, you should have bought before the bump has started. In my opinion, still trading is an unpredictable job even you are predicting possible dump.

Knowing when to buy and when to sell is the most important skill for any trader and it is impossible to always get it right so as long as you are able to secure profits big enough for you, you should not worry about not catching the whole pump, since there will always be another one.

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Quote from: dustboy on November 23, 2016, 01:55:15 AM

Quote from: dotajhay on November 23, 2016, 12:05:03 AM

Quote from: densuj on August 01, 2016, 05:46:33 AM

There are many people who lost their money on trading, because trading is unpredictable job, in my opinion i need:
Method ( i must have system trading)
Money ( i must have management of money and risk)
Mind ( i must can control my emotion)
Tell me your opinions?

The most thing you need in trading is in the following.
1. Money(Ofcourse you need money for investment in trading to grow your bitcoins)
2. Mind(You need a good strategy and a little bit of known about trading)
3. Patience(This is the last you need is patience because in trading you didn't know wether it will be high or low so if you buy in low cost you need patience in waiting the coin to get high value)

You missed the other important thing, that is "luck". Even if you are a professional trader already, it does not mean you will always get profit when the luck is not on your side.

I'm not sure if luck is actually involved in trading because there's an explanation behind the market movements. When the coin dies, it's because the coin was a failure and the dev wasn't able to revive the coin. When the coin's price increases, it's because there's a good target market or it's because people have been promoting it a lot. There's a law of supply & demand to support what's happening with the price of the coin. It's not like gambling wherein the website simply generates a number and that decides if you're going to have positive profit or lose your money. Trading is based on the buyers/sellers and not luck.

StarofBTC

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Quote from: jonpande on November 21, 2016, 04:14:06 AM

Anyone would agree with you, Bitcoins trade totally unexpected because in the course of the trading result will not be the same as yesterday and probably also for today, if you want to trade you need to know that a safe currency and make a profit only with the correct information.

Being unpredictable is the nature of trading, and the real challenge of trading is hidden with that. Market conditions and affecting factors are different for each and every day. So, we cannot predict and expect same type of moment in markets all the time.

Unpredictable nature of market movements still follow some patterns and through technical analysis we could find that and make use of them for our trading to get profits. That is job of a trader. For this job, they are getting their reward.

dustboy

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Quote from: dotajhay on November 23, 2016, 12:05:03 AM

Quote from: densuj on August 01, 2016, 05:46:33 AM

There are many people who lost their money on trading, because trading is unpredictable job, in my opinion i need:
Method ( i must have system trading)
Money ( i must have management of money and risk)
Mind ( i must can control my emotion)
Tell me your opinions?

The most thing you need in trading is in the following.
1. Money(Ofcourse you need money for investment in trading to grow your bitcoins)
2. Mind(You need a good strategy and a little bit of known about trading)
3. Patience(This is the last you need is patience because in trading you didn't know wether it will be high or low so if you buy in low cost you need patience in waiting the coin to get high value)

You missed the other important thing, that is "luck". Even if you are a professional trader already, it does not mean you will always get profit when the luck is not on your side.

dotajhay

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Quote from: densuj on August 01, 2016, 05:46:33 AM

There are many people who lost their money on trading, because trading is unpredictable job, in my opinion i need:
Method ( i must have system trading)
Money ( i must have management of money and risk)
Mind ( i must can control my emotion)
Tell me your opinions?

The most thing you need in trading is in the following.
1. Money(Ofcourse you need money for investment in trading to grow your bitcoins)
2. Mind(You need a good strategy and a little bit of known about trading)
3. Patience(This is the last you need is patience because in trading you didn't know wether it will be high or low so if you buy in low cost you need patience in waiting the coin to get high value)

Omega Weapon

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Quote from: richmcrich on November 21, 2016, 01:18:59 AM

Quote from: Dudeperfect on November 21, 2016, 12:37:03 AM

Yes I have lost money in trading but it was far good experience rather than losing money in gambling. I think the main reason for my loss was to place orders by depending upon shot from troll box, it was really bad thing I ever did. Another thing is being impatient, I was very impatient and use to revert my trade orders even if there was any -1% downfall on the price chart. I have learned that patience is the key, risk taking is must.

For an highly unpredictable job, you are depending on others predictions. We must understand one thing no one will spend time for helping other when they can make use of those help for themselves to make big fortunes.

We must have our own technical analysis in order to make trading profitable. Or at least we may depend upon some highly reputed paid services for trading predictions.

I think before looking for any signals service you must try to exhaust ways to improve you own way of getting results that way you will learn a lot and you will be able to tell if the signals service you eventually hire is in fact giving you a quality service or they are giving you signals that everyone with some knowledge could have saw.

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Quote from: Supercrypt on November 22, 2016, 12:42:33 PM

Quote from: electronicash on November 22, 2016, 10:12:43 AM

I somehow find trading to be predictable this time because I notice every time a coin's value goes up, someone is eager to dump his coin the first and so you better be the first to dump it before someone else does. You can't just expect someone to wait til they get to dump for quick hundreds. most of them prefer to just dump for cents.

But when you are planning to dump before anyone else, you may miss some higher prices also. It means you will still get profits but you cannot catch the possible maximum profits. But for this, you should have bought before the bump has started. In my opinion, still trading is an unpredictable job even you are predicting possible dump.

Well there is other way to do not miss the maximum profit.. you can set your own sell right now if you are satisfied with the price and not sell it all and save some of them if the price will continue you will be still make profit..
So for it is not a problem that is why i setting up my all my trading up before go to bed by 10% to %50.
Example: the price of altcoin is $1 so i set to sell bitcoin into $1.10 and the 2nd is $1.25 so if the price is increase it can hit $1.10 and if the price will continues to rise i will be still make profit..

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Quote from: Supercrypt on November 22, 2016, 12:42:33 PM

Quote from: electronicash on November 22, 2016, 10:12:43 AM

I somehow find trading to be predictable this time because I notice every time a coin's value goes up, someone is eager to dump his coin the first and so you better be the first to dump it before someone else does. You can't just expect someone to wait til they get to dump for quick hundreds. most of them prefer to just dump for cents.

But when you are planning to dump before anyone else, you may miss some higher prices also. It means you will still get profits but you cannot catch the possible maximum profits. But for this, you should have bought before the bump has started. In my opinion, still trading is an unpredictable job even you are predicting possible dump.

Yup, and there are no people in the world who know about the future include coin's price, the human just can do making prediction and it is can be true or false, the accuracy of our prediction is just 50:50 maximal.

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