Trading is unpredictable job. - page 131.

TraderETH

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Quote from: sana54210 on October 06, 2016, 01:27:41 PM

Quote from: arseaboy on October 06, 2016, 12:25:23 PM

Quote from: wxa7115 on October 06, 2016, 10:31:20 AM

Quote from: HmmMAA on October 04, 2016, 12:51:36 PM

Trading is a predictable job as long as you are doing trading analysis for the coins you want to trade. You must know when to buy and when to sell . Also an important factor is patience . You don't have to trade everyday . Wait for the right opportunities . Timing is a must Wink

.

Some people in their desire to earn profits try to over trade, when the situation does not call for it that is why sometimes the correct move is to do nothing and wait for the right opportunity.

yes thats the point there if in first try it doesnt fit you don't cry try another one and make sure to make proper assessment so you won't missed good opportunity, hold if possible if you are just seeing some downfall its normal with trading but expect another rise so just keep and wait.

For keep on trying new things, we must need free assets to trade. Because, risking our own money is not that much good idea. Some exchanges are giving away free bitcoins and altcoins, we may make use of those for your idea of trying out new things.

But, without proper assessment we will not be able to find out the right opportunity. So, trying new things is always good in the search of a better opportunity.

Agree, using free assets to trade is best way for making profit on trading. We don't have a mental burden it will different if we use margin trading for example, our mind will be focus on our loans not on way of trading.

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Quote from: arseaboy on October 06, 2016, 12:25:23 PM

Quote from: wxa7115 on October 06, 2016, 10:31:20 AM

Quote from: HmmMAA on October 04, 2016, 12:51:36 PM

Trading is a predictable job as long as you are doing trading analysis for the coins you want to trade. You must know when to buy and when to sell . Also an important factor is patience . You don't have to trade everyday . Wait for the right opportunities . Timing is a must Wink

.

Some people in their desire to earn profits try to over trade, when the situation does not call for it that is why sometimes the correct move is to do nothing and wait for the right opportunity.

yes thats the point there if in first try it doesnt fit you don't cry try another one and make sure to make proper assessment so you won't missed good opportunity, hold if possible if you are just seeing some downfall its normal with trading but expect another rise so just keep and wait.

For keep on trying new things, we must need free assets to trade. Because, risking our own money is not that much good idea. Some exchanges are giving away free bitcoins and altcoins, we may make use of those for your idea of trying out new things.

But, without proper assessment we will not be able to find out the right opportunity. So, trying new things is always good in the search of a better opportunity.

arseaboy

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Quote from: wxa7115 on October 06, 2016, 10:31:20 AM

Quote from: HmmMAA on October 04, 2016, 12:51:36 PM

Trading is a predictable job as long as you are doing trading analysis for the coins you want to trade. You must know when to buy and when to sell . Also an important factor is patience . You don't have to trade everyday . Wait for the right opportunities . Timing is a must Wink

.

Some people in their desire to earn profits try to over trade, when the situation does not call for it that is why sometimes the correct move is to do nothing and wait for the right opportunity.

yes thats the point there if in first try it doesnt fit you don't cry try another one and make sure to make proper assessment so you won't missed good opportunity, hold if possible if you are just seeing some downfall its normal with trading but expect another rise so just keep and wait.

serjent05

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Quote from: wxa7115 on October 06, 2016, 10:31:20 AM

Quote from: HmmMAA on October 04, 2016, 12:51:36 PM

Trading is a predictable job as long as you are doing trading analysis for the coins you want to trade. You must know when to buy and when to sell . Also an important factor is patience . You don't have to trade everyday . Wait for the right opportunities . Timing is a must Wink

.

Some people in their desire to earn profits try to over trade, when the situation does not call for it that is why sometimes the correct move is to do nothing and wait for the right opportunity.

I agree that when things are unsure just be idle and wait for the next event. Anyway, day trader doesn't care much of the timing since they trade and try to get profit on every trade. Buy and Sell all the way lol, like when their buy order is filled, they will sell it at a price where they have at most 20% profit and when filled buy again. Then they rinse and repeat until they book a good profit for the day. Kinda tiring.

wxa7115

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Quote from: HmmMAA on October 04, 2016, 12:51:36 PM

Trading is a predictable job as long as you are doing trading analysis for the coins you want to trade. You must know when to buy and when to sell . Also an important factor is patience . You don't have to trade everyday . Wait for the right opportunities . Timing is a must Wink

.

Some people in their desire to earn profits try to over trade, when the situation does not call for it that is why sometimes the correct move is to do nothing and wait for the right opportunity.

MaritiJames3

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Quote from: wxa7115 on October 01, 2016, 05:36:40 PM

Quote from: Macadonian on September 30, 2016, 03:26:22 AM

Quote from: bitlancr on September 30, 2016, 02:44:06 AM

Trading is indeed an unpredictable job if it wouldn't be then it would be easy and everyone and their mothers would be making profit.
Because it's unpredictable you need to be as good as you can to reduce the chance of failing that's why it's such a difficult activity.

The trading is not profitable for most people. It is only for the professionals to take money from the unprofessionals.

You don’t need to go to a fancy school to become a trader, but you do need the skills, knowledge, desire and money in order to become successful, is it difficult? Yes, is it impossible? Of course not.

It requires alot of discipline that's what you need for this. You won't become rich by just trading as a solo person though so don't have unreal expectations that works really demotivating.
Just do alot of self study on trading and it will be alright eventually.

Altynbekova

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Trading will always remain unpredictable cause there's always that luck variable in every trade ofcourse.
But with skill you can mitigate the bad luck and be more consistent when trading, that's why skilfull traders make alot of profit.

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Quote from: dunfida on October 06, 2016, 02:45:57 AM

Quote from: Positid on October 05, 2016, 10:48:09 PM

Quote from: kryptqnick on October 05, 2016, 01:18:40 PM

Apart from method at the beginning you need methodology as well, which are principles on with you are going to build method later. And yet I think that even with having all these things you mention there will remain a high probability risk of losing money doing trading.

Methods can be read in different books but your experience will matter much because not all method are written in the book, with your experience you can modify your method to fit in and to give you the best chance to make a profit in trading.

You are right, books are just full guidelines but the real method and patterns would be created by you itself especially when you are in the middle of trading. You could create such ways and patterns that you seem you are profitable with it. Trading is truly an unpredictable job because of moving prices.

Yes, you are right. Only our practical experience must be very good tutors to help us to make our trading more profitable. Theoretical knowledge are not that much helpful in my experience too, as I do forget them while I am into trading. But our practical knowledge is never forgotten, so I am able to apply them time to time for my trading.

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Quote from: dunfida on October 06, 2016, 02:45:57 AM

Quote from: Positid on October 05, 2016, 10:48:09 PM

Quote from: kryptqnick on October 05, 2016, 01:18:40 PM

Apart from method at the beginning you need methodology as well, which are principles on with you are going to build method later. And yet I think that even with having all these things you mention there will remain a high probability risk of losing money doing trading.

Methods can be read in different books but your experience will matter much because not all method are written in the book, with your experience you can modify your method to fit in and to give you the best chance to make a profit in trading.

You are right, books are just full guidelines but the real method and patterns would be created by you itself especially when you are in the middle of trading. You could create such ways and patterns that you seem you are profitable with it. Trading is truly an unpredictable job because of moving prices.

That is just a guide so that we can make a proper planning on what kind of trading moves we will do.

The unpredictable event that happens in trading is the challenge for the traders on how they can win for a long run.

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Quote from: Positid on October 05, 2016, 10:48:09 PM

Quote from: kryptqnick on October 05, 2016, 01:18:40 PM

Apart from method at the beginning you need methodology as well, which are principles on with you are going to build method later. And yet I think that even with having all these things you mention there will remain a high probability risk of losing money doing trading.

Methods can be read in different books but your experience will matter much because not all method are written in the book, with your experience you can modify your method to fit in and to give you the best chance to make a profit in trading.

You are right, books are just full guidelines but the real method and patterns would be created by you itself especially when you are in the middle of trading. You could create such ways and patterns that you seem you are profitable with it. Trading is truly an unpredictable job because of moving prices.

chaser15

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Quote from: kryptqnick on October 05, 2016, 01:18:40 PM

Apart from method at the beginning you need methodology as well, which are principles on with you are going to build method later. And yet I think that even with having all these things you mention there will remain a high probability risk of losing money doing trading.

That is really possible but somehow at least you try before losing. Those you mentioned are not as assurance that we can make a continous win but rather we can minimize the percentage of losing since we already countered the risk.

It's a suicide if we are just placing orders without any precaution so we need reference as well as part of our decision to be made.

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Quote from: kryptqnick on October 05, 2016, 01:18:40 PM

Apart from method at the beginning you need methodology as well, which are principles on with you are going to build method later. And yet I think that even with having all these things you mention there will remain a high probability risk of losing money doing trading.

Methods can be read in different books but your experience will matter much because not all method are written in the book, with your experience you can modify your method to fit in and to give you the best chance to make a profit in trading.

kryptqnick

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Apart from method at the beginning you need methodology as well, which are principles on with you are going to build method later. And yet I think that even with having all these things you mention there will remain a high probability risk of losing money doing trading.

richardsNY

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Quote from: Taskford on October 05, 2016, 11:41:32 AM

Quote from: DuckKeeper on October 05, 2016, 02:28:32 AM

Trading is one of the biggest unpredictable jobs in the bitcoin but if you are doing it right you will make lots of money/bitcoins. So why dont you just start right now dont go to wild just becarefull.

that is right. If you can do good analysis, the trading can make you good money, for example, if you invested Ethereum early, you are rich.

That's just luck. Coordinated pumps like these are well set-up to make big holders indeed very rich. If you as an average trader managed to get in early enough, then you would have made yourself a more than decent profit. However, not many people have been in that position. The majority of the people got in at 0.01-0.015 BTC. But again, if you held everything till now, then you have done a good job.

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Quote from: DuckKeeper on October 05, 2016, 02:28:32 AM

Trading is one of the biggest unpredictable jobs in the bitcoin but if you are doing it right you will make lots of money/bitcoins. So why dont you just start right now dont go to wild just becarefull.

that is right. If you can do good analysis, the trading can make you good money, for example, if you invested Ethereum early, you are rich.

MaritiJames3

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Quote from: Hugroll on September 28, 2016, 05:35:10 PM

Quote from: spofas on September 28, 2016, 05:28:12 PM

Saying trading is about luck is same thing as saying poker is about luck.

I totally agree with that line. trading requires an intuition on the traders part. the trader has to be competent and has to know what the trend of the price is and has to use that trend to make money while trading. some people have this skill while others lose in trading and help fund the people with the skill

Yeah poker for example has luck in it but it is skill which makes the player. After a certain amount of skill you will need luck though, if you make all the right moves in poker you can still lose by the draw of the luck cause your hands can be completely bad for 10 games in a row.

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well actually you can make automatic buying or selling in certain price

Do you mean a stop-loss mechanism?

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Quote from: Legasean on October 05, 2016, 03:00:15 AM

If you want to trade you have to pay attention at the price of the bitcoin all the time you know lots of people dont know waht the price will do that is why it is unpredictable.

well actually you can make automatic buying or selling in certain price that you just set before so you don't need to watch the price all the day long and most of trading site having this feature,but the disadvantages when the price is rising but not reached what you just targetted then probably you just missed a price peak

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If you want to trade you have to pay attention at the price of the bitcoin all the time you know lots of people dont know waht the price will do that is why it is unpredictable.

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Quote from: danherbias07 on September 27, 2016, 07:02:52 AM

Quote from: Nolankane on September 27, 2016, 05:06:37 AM

Trading is a very unpredictable job indeed but sometimes you got to rely on the luck a little bit too to carry you.
Not always skill will be enough especially not with trading you will have to take risks to get somewhere.

Others dont believe in luck. They say if you believe in good luck then there is the opposite of it too. So it would be better not to believe it and just rely on skills. But you cant change what traditions made to believe in luck.

Luck exists though maybe it's not named correctly but there is a certain degree of randomness in trading which we call luck of the draw.
So having a "bad luck streak" could mess over your money but being skilled allows you to be "lucky" more often than "unlucky" so you'll always make a win eventually.

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