Trading is unpredictable job. - page 121.

Babayega31

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Quote from: IsaacBitcoiner on November 01, 2016, 02:48:23 PM

Yes, a broad knowledge of the market is required. Even people with more experience may suffer losses if any unexpected movements in the market occurs, that's why you can't invest what you can not afford to lose.

I agree to what you said, you must be knowledgeable enough in trading, although you are in a right track of your trend there might be times trend will go down and sometimes will cause you to be discourage and even others quit. With that experiences it will make you firm and tough with your decisions when you trade in the same way you are handling your emotions.

IsaacBitcoiner

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Quote from: noictib on October 23, 2016, 07:16:44 AM

Quote from: Positid on October 23, 2016, 07:11:57 AM

So far I am not making good money in trading but I am learning my way to it, the unpredictability of the price is what makes it a very challenging job and we are just investing on our capability and skills to predict the right movement of the price, at least we are not gonna be scam here, right?

yeah, it is the first step to start trading in altcoin or digital currency world .
because the main trading success depends upon the knowledge of best trade basic and idea of prediction of altcoin at a particular time .
well i am In profit in this week with about 56% but last week i was in loss , we can say it is an unpredictable Job .

Yes, a broad knowledge of the market is required. Even people with more experience may suffer losses if any unexpected movements in the market occurs, that's why you can't invest what you can not afford to lose.

Every market has its ups and downs, prices must always adjust, as changes occur in the economy... If the individual wants to succeed, he/she needs to understand the factors that lead to such changes, taking a view of different aspects of the economy, and trying to associate the different factors that interfere in the market.

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Quote from: TastyChillySauce00 on October 31, 2016, 06:11:34 AM

Quote from: goldcoinminer on October 29, 2016, 09:13:09 AM

Quote from: icecube45 on October 29, 2016, 08:49:06 AM

Quote from: Zadicar on October 29, 2016, 06:03:50 AM

Quote from: CODE200 on October 28, 2016, 11:27:14 PM

I agree. Trading is just about luck and It's like gambling whether the crypto value will go up or down. I think many of people lost their money at trading and some of them succeed

But no easy job same as trading luck + strategy = Profit. Just Don't invest all your money in trading

You would not really fully dependent on luck when you are on trading because it would really need some skills and proper knowledge in able to sustain with it and you are right trading is not an easy thing to do but we should not discourage everyone here. Learning trading would really takes time.

Yes very true, very different trading with gambling. Trade does not rely entirely on luck. Although luck is needed but skill and patience is also needed in order to succeed and make a profit. We need to understand prices and fluctuations in order to make a profit. So basically trades do need luck to succeed, but other factors needed to be successful and profit.

So you are saying that gamble relies entirely on luck? I guess you are wrong buddy, we are talking here of making money and making comparison on gambling and trading, therefore in gambling you also need to have skills as luck will not give you consistent win.

and skill without luck is nothing,you expect to make a profit by using some trick like martingale or anything else? these tricks proven useless when you really have bad luck and got many loses in a row,what kind of skill you mentioned if you're playing a games like plinko ?

Trading is a serious job or a business if you treat it like that, and every venture requires a good game plan that needs to be written so you can review if your method works for you and so you can adjust to make that work for you. I have been in the business for so long and now and not in my life I have seen that we include luck to determine our chances to succeed in the business.

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Quote from: goldcoinminer on October 29, 2016, 09:13:09 AM

Quote from: icecube45 on October 29, 2016, 08:49:06 AM

Quote from: Zadicar on October 29, 2016, 06:03:50 AM

Quote from: CODE200 on October 28, 2016, 11:27:14 PM

I agree. Trading is just about luck and It's like gambling whether the crypto value will go up or down. I think many of people lost their money at trading and some of them succeed

But no easy job same as trading luck + strategy = Profit. Just Don't invest all your money in trading

You would not really fully dependent on luck when you are on trading because it would really need some skills and proper knowledge in able to sustain with it and you are right trading is not an easy thing to do but we should not discourage everyone here. Learning trading would really takes time.

Yes very true, very different trading with gambling. Trade does not rely entirely on luck. Although luck is needed but skill and patience is also needed in order to succeed and make a profit. We need to understand prices and fluctuations in order to make a profit. So basically trades do need luck to succeed, but other factors needed to be successful and profit.

So you are saying that gamble relies entirely on luck? I guess you are wrong buddy, we are talking here of making money and making comparison on gambling and trading, therefore in gambling you also need to have skills as luck will not give you consistent win.

and skill without luck is nothing,you expect to make a profit by using some trick like martingale or anything else? these tricks proven useless when you really have bad luck and got many loses in a row,what kind of skill you mentioned if you're playing a games like plinko ?

icecube45

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Quote from: goldcoinminer on October 29, 2016, 09:13:09 AM

Quote from: icecube45 on October 29, 2016, 08:49:06 AM

Quote from: Zadicar on October 29, 2016, 06:03:50 AM

Quote from: CODE200 on October 28, 2016, 11:27:14 PM

I agree. Trading is just about luck and It's like gambling whether the crypto value will go up or down. I think many of people lost their money at trading and some of them succeed

But no easy job same as trading luck + strategy = Profit. Just Don't invest all your money in trading

You would not really fully dependent on luck when you are on trading because it would really need some skills and proper knowledge in able to sustain with it and you are right trading is not an easy thing to do but we should not discourage everyone here. Learning trading would really takes time.

Yes very true, very different trading with gambling. Trade does not rely entirely on luck. Although luck is needed but skill and patience is also needed in order to succeed and make a profit. We need to understand prices and fluctuations in order to make a profit. So basically trades do need luck to succeed, but other factors needed to be successful and profit.

So you are saying that gamble relies entirely on luck? I guess you are wrong buddy, we are talking here of making money and making comparison on gambling and trading, therefore in gambling you also need to have skills as luck will not give you consistent win.

Yes, I think gambling is very be affected luck so not suitable when used to make money. Because I think although there are some gambling games that require skill like poker and sports betting, but the victory remained be affected on luck. And I think there is no consistent victory in gambling because we can not always win and will surely lose. In contrast to the trade, although extremely difficult and uncertain, but we must have the skill to be able to get the advantage and it can be learned.

raven7886

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Quote from: whizter on October 30, 2016, 03:15:10 AM

Quote from: Zadicar on October 29, 2016, 06:03:50 AM

Quote from: CODE200 on October 28, 2016, 11:27:14 PM

I agree. Trading is just about luck and It's like gambling whether the crypto value will go up or down. I think many of people lost their money at trading and some of them succeed

But no easy job same as trading luck + strategy = Profit. Just Don't invest all your money in trading

You would not really fully dependent on luck when you are on trading because it would really need some skills and proper knowledge in able to sustain with it and you are right trading is not an easy thing to do but we should not discourage everyone here. Learning trading would really takes time.

yes as there are so many people who have good experience and skill of trading, so they know how to predict about particular trad and their prediction are mostly proof correct, so they are really making good money in trading because of their precious prediction.

If we got enough skill to predict market movements accurately, then trading will not no more an unpredictable job. The hardest true within this must be just learning the skills to predict markets will not be enough, we must gain experience over time so that we will be able to predict market movements accurately. Experience really matters here to predict our trading calls preciously.

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Quote from: Zadicar on October 29, 2016, 06:03:50 AM

Quote from: CODE200 on October 28, 2016, 11:27:14 PM

I agree. Trading is just about luck and It's like gambling whether the crypto value will go up or down. I think many of people lost their money at trading and some of them succeed

But no easy job same as trading luck + strategy = Profit. Just Don't invest all your money in trading

You would not really fully dependent on luck when you are on trading because it would really need some skills and proper knowledge in able to sustain with it and you are right trading is not an easy thing to do but we should not discourage everyone here. Learning trading would really takes time.

yes as there are so many people who have good experience and skill of trading, so they know how to predict about particular trad and their prediction are mostly proof correct, so they are really making good money in trading because of their precious prediction.

BitHodler

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Quote from: iqlimasyadiqa on October 28, 2016, 05:10:34 PM

when you make trading as the main job and focus of work in trading then it will be very good. you must choose whether you want to be trading a job or not. it is a choice. many people who work with trading, and they can be happy.

Trading as a source of living is only something that is possible for the elite traders, and not for the average trader here.

If I had a serious amount of money for investment purposes, then I would be trading alongside my main job as that will give me an extra source of income.

I will however never stop working just to rely on something (trading in this case) that has given me decent profits this month, where the following months after that I make next to nothing.

goldcoinminer

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Quote from: icecube45 on October 29, 2016, 08:49:06 AM

Quote from: Zadicar on October 29, 2016, 06:03:50 AM

Quote from: CODE200 on October 28, 2016, 11:27:14 PM

I agree. Trading is just about luck and It's like gambling whether the crypto value will go up or down. I think many of people lost their money at trading and some of them succeed

But no easy job same as trading luck + strategy = Profit. Just Don't invest all your money in trading

You would not really fully dependent on luck when you are on trading because it would really need some skills and proper knowledge in able to sustain with it and you are right trading is not an easy thing to do but we should not discourage everyone here. Learning trading would really takes time.

Yes very true, very different trading with gambling. Trade does not rely entirely on luck. Although luck is needed but skill and patience is also needed in order to succeed and make a profit. We need to understand prices and fluctuations in order to make a profit. So basically trades do need luck to succeed, but other factors needed to be successful and profit.

So you are saying that gamble relies entirely on luck? I guess you are wrong buddy, we are talking here of making money and making comparison on gambling and trading, therefore in gambling you also need to have skills as luck will not give you consistent win.

icecube45

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Quote from: Zadicar on October 29, 2016, 06:03:50 AM

Quote from: CODE200 on October 28, 2016, 11:27:14 PM

I agree. Trading is just about luck and It's like gambling whether the crypto value will go up or down. I think many of people lost their money at trading and some of them succeed

But no easy job same as trading luck + strategy = Profit. Just Don't invest all your money in trading

You would not really fully dependent on luck when you are on trading because it would really need some skills and proper knowledge in able to sustain with it and you are right trading is not an easy thing to do but we should not discourage everyone here. Learning trading would really takes time.

Yes very true, very different trading with gambling. Trade does not rely entirely on luck. Although luck is needed but skill and patience is also needed in order to succeed and make a profit. We need to understand prices and fluctuations in order to make a profit. So basically trades do need luck to succeed, but other factors needed to be successful and profit.

Zadicar

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Quote from: CODE200 on October 28, 2016, 11:27:14 PM

I agree. Trading is just about luck and It's like gambling whether the crypto value will go up or down. I think many of people lost their money at trading and some of them succeed

But no easy job same as trading luck + strategy = Profit. Just Don't invest all your money in trading

You would not really fully dependent on luck when you are on trading because it would really need some skills and proper knowledge in able to sustain with it and you are right trading is not an easy thing to do but we should not discourage everyone here. Learning trading would really takes time.

CODE200

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I agree. Trading is just about luck and It's like gambling whether the crypto value will go up or down. I think many of people lost their money at trading and some of them succeed

But no easy job same as trading luck + strategy = Profit. Just Don't invest all your money in trading

iqlimasyadiqa

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when you make trading as the main job and focus of work in trading then it will be very good. you must choose whether you want to be trading a job or not. it is a choice. many people who work with trading, and they can be happy.

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Quote from: mrkevio on October 26, 2016, 01:54:03 AM

Yes, it certainly is. Only rich people that got relationships with different important personalities (like Zuckerberg) would be able to predict many things because they know the answers to different questions before we all do. They know when gold will rise or fall, about the future of stock market and many other things. For us, it's completely an unpredictable job. We can only predict for cases like the Brexit which made gold's price skyrocket.

It is called insider's knowledge or information and also one of the reasons the majority of traders are losing in the long term. When you have such knowledge about, for example, the affairs, operations, or financial status of a corporation, you can basically tell what the future price will be as well as the direction it will follow and thus either make profits or avoid losses. Since most other people are just guessing about future price (and solemnly call that technical analysis, lol), you can safely bet against them, thereby stripping these poor fellows off of their money, ultimately wiping their accounts clean...

Needless to say that insider information is commonly a criminal offense, but who actually cares?

Macadonian

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Quote from: el kaka22 on October 27, 2016, 07:13:55 AM

Quote from: 8Habits on October 27, 2016, 06:41:22 AM

In trading, you either win or learn - and if you just keep on losing trades without learning it, then better you stop trading already because what you need to have a winning trade is a solid knowledge and skills about fundamental and technical aspect of trading crypto currencies. You are right to always educate self about winning trades.

Yes, even trading is an unpredictable task, with our experience we could predict it accurately. The lessons we are learning from our trading are more important than what we are learning from books.
Because, you will never forget your own lessons, these lessons will teach you how to improve your strategy to maximize the chances of making profits by getting your trading calls into better ones.

Books can help you trading initially. In the long term, you have to develop your own system to do the trading.

el kaka22

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Quote from: 8Habits on October 27, 2016, 06:41:22 AM

In trading, you either win or learn - and if you just keep on losing trades without learning it, then better you stop trading already because what you need to have a winning trade is a solid knowledge and skills about fundamental and technical aspect of trading crypto currencies. You are right to always educate self about winning trades.

Yes, even trading is an unpredictable task, with our experience we could predict it accurately. The lessons we are learning from our trading are more important than what we are learning from books.
Because, you will never forget your own lessons, these lessons will teach you how to improve your strategy to maximize the chances of making profits by getting your trading calls into better ones.

8Habits

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Quote from: Positid on October 27, 2016, 06:27:53 AM

Quote from: carlfebz2 on October 26, 2016, 01:56:08 AM

Quote from: traderethereum on October 26, 2016, 01:50:45 AM

Quote from: saiha on October 25, 2016, 11:39:26 PM

Quote from: iqlimasyadiqa on October 25, 2016, 05:49:57 PM

Quote from: serjent05 on October 25, 2016, 12:52:17 PM

Quote from: xSkylarx on October 25, 2016, 07:27:42 AM

Yes it is because there is no a permanent pattern on its pumping time or when it is a good time to buy. You must not let your emotions get over to you or else you will end losing. You must accept your mistake when you make a wrong move in trading.

I agree there is no pattern, especially in altcoin trading. All this data reading and chart presentation are just reference but does not give you the next result of the coin price. This is even made difficult by people who is known as whales becuause they are the one manipulationg the trading of the coin.

with a precision of reading charts and also the focus will make us successful. even in all the work, it is very important. focus, with that we can produce something in accordance with our wishes.

You are right iqlimasyadiqa, not just with trading is unpredictable job but all types of job. They are able to have the same issues and with trading.

It is necessary that you are going to always check the charts and updates of different types of alt coins that you bought or you want to bought.

But out of that losses it can lead you to become a professional trader someday.

i think the same as you. in every job, its all unpredictable and we have no clue to finished it. in trading, i think there is ok if you are not get profit in one day, but you can get profit in other day. as long as you don't give up and continue to trading, i believe that you will have many experience and you can have familiar with the market and you know what, you will become a real trader and you can easily predict the trends.

Experience would really be a big help on your trading career because this thing would sustain you and mold you to be a professional trader for longer runs and you would actually made succesful trades compare on fail ones. Predicting prices of market is the most difficult thing on trading thats why its really a hard job thats why we should really search up for informations regarding on trends and news to a certain coin.

Definitely, and by learning every time you failed that would make your experience a worthy one.. Adjusting your errors will give you success in trading as it is continues learning process and you would be successful if you will also continue to educate yourself.

The risk is their but you can calculate it to trade on your favor.

In trading, you either win or learn - and if you just keep on losing trades without learning it, then better you stop trading already because what you need to have a winning trade is a solid knowledge and skills about fundamental and technical aspect of trading crypto currencies. You are right to always educate self about winning trades.

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Quote from: carlfebz2 on October 26, 2016, 01:56:08 AM

Quote from: traderethereum on October 26, 2016, 01:50:45 AM

Quote from: saiha on October 25, 2016, 11:39:26 PM

Quote from: iqlimasyadiqa on October 25, 2016, 05:49:57 PM

Quote from: serjent05 on October 25, 2016, 12:52:17 PM

Quote from: xSkylarx on October 25, 2016, 07:27:42 AM

Yes it is because there is no a permanent pattern on its pumping time or when it is a good time to buy. You must not let your emotions get over to you or else you will end losing. You must accept your mistake when you make a wrong move in trading.

I agree there is no pattern, especially in altcoin trading. All this data reading and chart presentation are just reference but does not give you the next result of the coin price. This is even made difficult by people who is known as whales becuause they are the one manipulationg the trading of the coin.

with a precision of reading charts and also the focus will make us successful. even in all the work, it is very important. focus, with that we can produce something in accordance with our wishes.

You are right iqlimasyadiqa, not just with trading is unpredictable job but all types of job. They are able to have the same issues and with trading.

It is necessary that you are going to always check the charts and updates of different types of alt coins that you bought or you want to bought.

But out of that losses it can lead you to become a professional trader someday.

i think the same as you. in every job, its all unpredictable and we have no clue to finished it. in trading, i think there is ok if you are not get profit in one day, but you can get profit in other day. as long as you don't give up and continue to trading, i believe that you will have many experience and you can have familiar with the market and you know what, you will become a real trader and you can easily predict the trends.

Experience would really be a big help on your trading career because this thing would sustain you and mold you to be a professional trader for longer runs and you would actually made succesful trades compare on fail ones. Predicting prices of market is the most difficult thing on trading thats why its really a hard job thats why we should really search up for informations regarding on trends and news to a certain coin.

Definitely, and by learning every time you failed that would make your experience a worthy one.. Adjusting your errors will give you success in trading as it is continues learning process and you would be successful if you will also continue to educate yourself.

The risk is their but you can calculate it to trade on your favor.

carlfebz2

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Quote from: traderethereum on October 26, 2016, 01:50:45 AM

Quote from: saiha on October 25, 2016, 11:39:26 PM

Quote from: iqlimasyadiqa on October 25, 2016, 05:49:57 PM

Quote from: serjent05 on October 25, 2016, 12:52:17 PM

Quote from: xSkylarx on October 25, 2016, 07:27:42 AM

Yes it is because there is no a permanent pattern on its pumping time or when it is a good time to buy. You must not let your emotions get over to you or else you will end losing. You must accept your mistake when you make a wrong move in trading.

I agree there is no pattern, especially in altcoin trading. All this data reading and chart presentation are just reference but does not give you the next result of the coin price. This is even made difficult by people who is known as whales becuause they are the one manipulationg the trading of the coin.

with a precision of reading charts and also the focus will make us successful. even in all the work, it is very important. focus, with that we can produce something in accordance with our wishes.

You are right iqlimasyadiqa, not just with trading is unpredictable job but all types of job. They are able to have the same issues and with trading.

It is necessary that you are going to always check the charts and updates of different types of alt coins that you bought or you want to bought.

But out of that losses it can lead you to become a professional trader someday.

i think the same as you. in every job, its all unpredictable and we have no clue to finished it. in trading, i think there is ok if you are not get profit in one day, but you can get profit in other day. as long as you don't give up and continue to trading, i believe that you will have many experience and you can have familiar with the market and you know what, you will become a real trader and you can easily predict the trends.

Experience would really be a big help on your trading career because this thing would sustain you and mold you to be a professional trader for longer runs and you would actually made succesful trades compare on fail ones. Predicting prices of market is the most difficult thing on trading thats why its really a hard job thats why we should really search up for informations regarding on trends and news to a certain coin.

mrkevio

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Yes, it certainly is. Only rich people that got relationships with different important personalities (like Zuckerberg) would be able to predict many things because they know the answers to different questions before we all do. They know when gold will rise or fall, about the future of stock market and many other things. For us, it's completely an unpredictable job. We can only predict for cases like the Brexit which made gold's price skyrocket.

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