Trading is unpredictable job. - page 138.

spofas

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Quote from: milewilda on September 28, 2016, 11:18:17 PM

Quote from: Skarner21 on September 28, 2016, 06:31:35 PM

Quote from: spofas on September 28, 2016, 06:22:06 PM

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

It's a learnable skill though. It's not a gift, it's something you can work on.

You should learn it first if you experience of loses its one way to learn so that for the next time you can do what you do..
Trading is easy to learn but hard to earn. and its always depends in the altcoin or bitcoin how you can make a good profit..

Agree with this , earning on trading is so hard because we cant predict anytime regarding on the movement of the price. You are right it realy depends on the alycoin you would buy since there are lots of coins out there to choose from which is somehow difficult to select sometimes because most of them are just scam coins.

You can still profit from scam coins.

20kevin20

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It is predictable if you have people to count on. Billionaires always know what, how and when some event will take place and whether will it make the market rise or fall. Haven't you ever wondered how do they know what to bet for and against everytime? Because they know what's going to happen. Some, like George Soros, even had records of 'breaking a bank'. He did the same bet twice over twenty years, and surprisingly.. He won both of them! Would you bet billions on something? I mean come on, he got just a few tens of billions. Betting a few of them is risky for his business. But yes, he knew the answer MONTHS before the Brexit vote so he was able to make money out of his knowledge.

milewilda

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Quote from: Skarner21 on September 28, 2016, 06:31:35 PM

Quote from: spofas on September 28, 2016, 06:22:06 PM

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

It's a learnable skill though. It's not a gift, it's something you can work on.

You should learn it first if you experience of loses its one way to learn so that for the next time you can do what you do..
Trading is easy to learn but hard to earn. and its always depends in the altcoin or bitcoin how you can make a good profit..

Agree with this , earning on trading is so hard because we cant predict anytime regarding on the movement of the price. You are right it realy depends on the alycoin you would buy since there are lots of coins out there to choose from which is somehow difficult to select sometimes because most of them are just scam coins.

Skarner21

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Activity: 700

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Massive price drop coming...

Quote from: spofas on September 28, 2016, 06:22:06 PM

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

It's a learnable skill though. It's not a gift, it's something you can work on.

You should learn it first if you experience of loses its one way to learn so that for the next time you can do what you do..
Trading is easy to learn but hard to earn. and its always depends in the altcoin or bitcoin how you can make a good profit..

clickerz

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Activity: 1414

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Backed.Finance

Quote from: spofas on September 28, 2016, 06:22:06 PM

It's a learnable skill though. It's not a gift, it's something you can work on.

I agree, you can minimize your losses or risks on trading if you do your homework. Trading is also affected by speculation, so be aware on this, on news and announcement affecting the said coin.It is important in trading to learn and study first,knowledge is important here.

spofas

sr. member

Activity: 261

Merit: 255

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

It's a learnable skill though. It's not a gift, it's something you can work on.

Hugroll

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Activity: 756

Merit: 500

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

spofas

sr. member

Activity: 261

Merit: 255

Saying trading is about luck is same thing as saying poker is about luck.
Sure, there's a % of it that is indeed luck, but good players(traders) will always come out on top after 10000 hands(trades).
I'd say that if you're serious about it, a good strategy is to trade very small amounts on high leverage (like on OKCoin or Bitmex, if you're doing Bitcoin). High leverage will teach you how to be more precise about your entries and how to manage your Stop Losses. - Creating a trading plan and sticking to it, it's what's most important and hard to learn. The "sticking to the plan" part especially; hence why a lot of people use bots to trade.

0day

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Hire me for your campaign management.

Quote from: bamboylee on September 28, 2016, 10:03:00 AM

Quote from: arseaboy on September 27, 2016, 07:11:56 AM

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.

well if the two combines much better for your investment aside from knowing how the movements works and the position got a good luck instead of having what you are expecting possible that it will rises up more.

YOu have to rely more on your skills. Good luck is just a bonus. You cannot rely on luck because you cannot always have good luck. Sometimes you have luck, sometimes you don't. But you can always rely on your skills, and you can cultivate it so that it can be sharper and serves you better.

Yeah learning skills and relying on these skills are important to get a steady income from trade and those who rely on luck for them trading is unpredictable and they do trade blindly without knowing anything about trade and assets.

el kaka22

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www.Crypto.Games: Multiple coins, multiple games

Quote from: bamboylee on September 28, 2016, 10:03:00 AM

YOu have to rely more on your skills. Good luck is just a bonus. You cannot rely on luck because you cannot always have good luck. Sometimes you have luck, sometimes you don't. But you can always rely on your skills, and you can cultivate it so that it can be sharper and serves you better.

Even after having enough skill and some luck, we must need to face the challenge of trading due to its nature of unpredictability.

Still, many traders are making and some handsome amount of profit from trading by having proper analysis to make their calls. When we are having different types of strategies involved with many chart and symbol interpretations then we could predict the market accurately.

bamboylee

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Quote from: arseaboy on September 27, 2016, 07:11:56 AM

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.

well if the two combines much better for your investment aside from knowing how the movements works and the position got a good luck instead of having what you are expecting possible that it will rises up more.

YOu have to rely more on your skills. Good luck is just a bonus. You cannot rely on luck because you cannot always have good luck. Sometimes you have luck, sometimes you don't. But you can always rely on your skills, and you can cultivate it so that it can be sharper and serves you better.

wxa7115

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Bitcoin is GOD

Quote from: goldcoinminer on September 28, 2016, 01:02:22 AM

Quote from: wxa7115 on September 27, 2016, 12:51:32 PM

Quote from: warwar on September 27, 2016, 04:51:15 AM

Quote from: wxa7115 on September 26, 2016, 11:47:19 AM

Quote from: bamboylee on September 26, 2016, 10:39:30 AM

Quote from: wxa7115 on September 25, 2016, 10:58:11 AM

Quote from: richardsNY on September 23, 2016, 08:24:07 PM

Quote from: yakdivine on September 23, 2016, 02:08:29 PM

If you are trading you should trading as a business any outside this don't work. Don't trading more than ten percent of you capital and since is business don't expect to make profit all time. Keep you eye on your emotion.

10% is what I consider to be quite a low amount for trading purposes. I personally have like 50% of my total wealth in Bitcoin, from which I use 25% for trading purposes, and the other 25% is meant for holding only. Every percentage of profit that I can make per month is more than welcome as I mainly focus on how much I have made after exactly a year period.

Unless you are very wealthy already, investing only 10% is a very low amount, in fact, is my opinion that most of your money should be invested at all times (not necessarily all in trading), so it’s not there collecting dust and instead earning you more money

Everyone have their own risk level. For him, it is enough to risk 10% of his capital for trading. And if you are investing, you should not put all your money on a single investment. You should not put all your money to trading too. You should have some saved just for back up or emergencies. And the other amount for investments like trading and stocks.

The amount you invest has nothing to do with risk factor of the investments themselves. You don’t need to invest in the wackiest HYIP; you can invest most of your money in the investments with the less risk available.

Agree! You are getting scam in the most HYYIP sites right now because that is really their goal! Unlike trading you are just to have a knowledge to the altcoins so that you can earn pretty lot.And very less risky as long as you know what you are doing in the trading.

Correct, trading can be very profitable if you know what you are doing, obviously you should avoid some coins that are also very suspicious, but as long as you do your due diligence then you will be fine.

That's every traders responsibility, never trade a coin when you have no information about the market of such coins, that is like a suicide mission, you will only make money when you are lucky but it is only for temporary because in the end the developers will be the remaining victorious.

Maybe you will not believe me but I have seen several persons invest in a coin because they liked the name or the logo, or began trading without reading a single book or anything, It should not come as a surprise they lost a lot of money.

doomistake

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Yeah you're right about that. Because in trading you will gonna experience a lot of things. There will come a time that you will be scammed and other things that will make you annoyed. But most of the traders technique about trading is that they will buy a good in a low price and then they will sell in a high price in order to get higher profits from it so that their efforts will not be wasted. Well, it's the most way how traders do their ways in trading. You can also ask for a professional trader for some other advice that you might want to hear that will help you in case.

Johnyloco

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I think there is a method but you need to be flexible in order to use the method properly. Besides the basic of strategy is adopting to what is in the current state and make it beneficial to us. It maybe a combination of two or more kinds of method because a single method cant be fitted in all cases in trading.

StarofBTC

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Activity: 1148

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Quote from: phreaky on September 28, 2016, 03:25:59 AM

I used to trade and now I quit because it is so unpredictable. Every move you make can be countered by luck or unluck.
I don't like variables like luck and unluck when handling with money so I quit it, and now I try different stuff for my bitcoin.

It is really sad to see that you have quit your trading. Still, I could advise to resume your trading but this time with altcoins that too for free of cost. Yes, we have all the possibilities to start trading with zero investments now a days as some exchanges are giving free coins on daily basis.
Also, finding and buying potential alt coins is the key here and practically achievable.

phreaky

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Activity: 546

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I used to trade and now I quit because it is so unpredictable. Every move you make can be countered by luck or unluck.
I don't like variables like luck and unluck when handling with money so I quit it, and now I try different stuff for my bitcoin.

Lokfar

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Activity: 364

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Quote from: bittraffic on August 01, 2016, 12:21:45 PM

True. in fact according to statistics 90% of traders loose money in their first months but that is because they don't play with rules.
it doesn't matter whether you do it with binary, pump and dump or simply on forex trading. Trading strategy is a bonus but what you need is the control.

if you just trade during the obvious trend, then you can win almost hundred percent of your trading rate. so if you enter to trade position and you don't know why you are buying or selling at such price, you better get out. and not trade at all. but instead wait for the obvious pattern or pump and dump.

I'm doing this for penny stock trading but this principle also applies to crypto currency trading.
check here for beginners https://www.youtube.com/watch?v=HiY2OJZQLXc

Trading is one of the biggest unpredictable jobs you can do with thte bitcoin and it wont be the easiest also because you will never know waht the price will do.

Altynbekova

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Activity: 476

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Trading is a very unpredictable job indeed but it relies on luck alot too thats why half of it its unpredictable.
I think if you have skill you can take out the luck variable just a bit more which demolishes the unpredictableness.

Sandroxa

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Activity: 350

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Trading is a really unpredictable job you will never know waht the price of the bitcoin will do and that is the biggest risk you can take. because the price is everything.

BitsandBites

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If you want to start trade you need to be atleast 100 procent sure that the price is not going to fall becuase when the price of the bitcoin is going to fall after your trade you wont make profits.

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