Trading is unpredictable job. - page 140.

goinmerry

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Quote from: enomin on September 26, 2016, 10:17:37 AM

I think that trading should be considered a hobby, and not a job. I also think that the only method that there is to trading is to buy low and sell high and have some amount of money to start with(any amount of money will do).

Oh yes you aee right. We forget that at first the only reason in doing it is just for fun and take out the boringness of just waiting for bitcoin to rise. We got serious with trading and it goes far that it is almost gambling.

enomin

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I think that trading should be considered a hobby, and not a job. I also think that the only method that there is to trading is to buy low and sell high and have some amount of money to start with(any amount of money will do).

sishendaoye

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Ofcourse trading is a very unpredictable job. In this job so much luck is involved next to skill aswell and the ceiling the enter the trading world is quite high too.
But if you get good you will see good results aswell and nice profit.

martinacar

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Quote from: Altcoinmoney on September 21, 2016, 10:26:32 AM

Trading bitcoins is really unpredictable off course because you wont know waht the price will do to the bitcoin you know allot of people are trading and makeing profit just with the right information.

You have to be able to analyze the market to get that "right information" once you know how to analyze you should use that to your advantage.
Trading stays unpredictable though but you can make it alot less worse then it is.

Zadicar

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Quote from: icecube45 on September 26, 2016, 01:41:25 AM

Quote from: 0day on September 25, 2016, 05:32:19 PM

Quote from: Bitcoinbro on September 25, 2016, 05:13:29 PM

It is unpredictable and I would never advice someone to do it full time. Trading comes with a lot of risk. Too much if you ask me. Therefore I would advice to trade what you can afford to lose and having side job too, just in case all trading assets are going down.

There are a few people in my area and they are doing trade full time and I have noticed that they are making a huge amount of money with that trade and I never heard that they have lost money in there. So I think expert traders can go full time for trade.

Yes there are many people who benefit from trade, but we also can not rely on trade to work full time. Because the income earned is uncertain and it is not good to use as a primary income. I am sure the professional trade definitely has a definite work in addition to income from trading.

I agree with you since we cant really fully rely on trading earning because we wont know when the prices would move in able to make us profits and also we couldnt assure if we could win or lose a certain trade thats why its risky to rely on it on daily basis. Trading is really an unpredictable job because of price movements.

icecube45

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Quote from: 0day on September 25, 2016, 05:32:19 PM

Quote from: Bitcoinbro on September 25, 2016, 05:13:29 PM

It is unpredictable and I would never advice someone to do it full time. Trading comes with a lot of risk. Too much if you ask me. Therefore I would advice to trade what you can afford to lose and having side job too, just in case all trading assets are going down.

There are a few people in my area and they are doing trade full time and I have noticed that they are making a huge amount of money with that trade and I never heard that they have lost money in there. So I think expert traders can go full time for trade.

Yes there are many people who benefit from trade, but we also can not rely on trade to work full time. Because the income earned is uncertain and it is not good to use as a primary income. I am sure the professional trade definitely has a definite work in addition to income from trading.

danherbias07

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Quote from: 0day on September 25, 2016, 05:32:19 PM

Quote from: Bitcoinbro on September 25, 2016, 05:13:29 PM

It is unpredictable and I would never advice someone to do it full time. Trading comes with a lot of risk. Too much if you ask me. Therefore I would advice to trade what you can afford to lose and having side job too, just in case all trading assets are going down.

There are a few people in my area and they are doing trade full time and I have noticed that they are making a huge amount of money with that trade and I never heard that they have lost money in there. So I think expert traders can go full time for trade.

If they are earning a huge amount then maybe they are whales that can control the flow of some altcoin. That would need a lot of capital or just like what they did a group that will make all they capital in one. Sure they would affect alts a lot.

0day

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Quote from: Bitcoinbro on September 25, 2016, 05:13:29 PM

It is unpredictable and I would never advice someone to do it full time. Trading comes with a lot of risk. Too much if you ask me. Therefore I would advice to trade what you can afford to lose and having side job too, just in case all trading assets are going down.

There are a few people in my area and they are doing trade full time and I have noticed that they are making a huge amount of money with that trade and I never heard that they have lost money in there. So I think expert traders can go full time for trade.

Bitcoinbro

sr. member

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It is unpredictable and I would never advice someone to do it full time. Trading comes with a lot of risk. Too much if you ask me. Therefore I would advice to trade what you can afford to lose and having side job too, just in case all trading assets are going down.

sana54210

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I am not sure about the points mentioned as even experts can end up losing in trading as there are barely any signals that can predict the right amount in any month unlike forex where the indicators are right most of the time.

The best thing I have learnt as a trader is too keep my investment low and avoid dealing with fiat (I mainly trade with the profit earned every week).

wxa7115

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Quote from: richardsNY on September 23, 2016, 09:24:07 PM

Quote from: yakdivine on September 23, 2016, 03:08:29 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

freedomgo

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Quote from: stepwilli on September 25, 2016, 06:16:33 AM

Quote from: iqlimasyadiqa on September 24, 2016, 12:05:17 PM

Quote from: yakdivine on September 23, 2016, 03:08:29 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 percent is a small amount. perhaps we should take that number even more.
bitcoin could be the main income when we are seriously working on trading.

No, taking the risks for more than 10 percent of your total wealth is not advisable. Because, we need to agree that trading is completely unpredictable work, it might go against the traders at any point of time. To stay safer, with trading we must go with minimum risk so 5% to 10% investment from our assets is more than enough.

That is now on the decision of a certain trading, the fact is that the more we are willing to risk our money the better we get in terms of profit if we succeed, it is just a matter of managing risk and putting the money that we can afford to lose.

stepwilli

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Quote from: iqlimasyadiqa on September 24, 2016, 12:05:17 PM

Quote from: yakdivine on September 23, 2016, 03:08:29 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 percent is a small amount. perhaps we should take that number even more.
bitcoin could be the main income when we are seriously working on trading.

No, taking the risks for more than 10 percent of your total wealth is not advisable. Because, we need to agree that trading is completely unpredictable work, it might go against the traders at any point of time. To stay safer, with trading we must go with minimum risk so 5% to 10% investment from our assets is more than enough.

goinmerry

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Quote from: mace15 on September 24, 2016, 12:51:45 PM

Yes, trading is unpredictable job because
price is volatile. We can check the history of
a certain coins so you can know the price
movement. Trading is like a gambling, you
invest money on it, you might gonna lose
or win the game.

Correct. There is no telling how it can move. Well even the history chart studied it doesnt say it will move like that. Same with oil price I have been predicting it for 2 years and still I have lots of wrong predictions. It cant be seen through that even some pro investors dont know where it will go.

milewilda

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Quote from: iqlimasyadiqa on September 24, 2016, 12:05:17 PM

Quote from: yakdivine on September 23, 2016, 03:08:29 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 percent is a small amount. perhaps we should take that number even more.
bitcoin could be the main income when we are seriously working on trading.

You are right 10% on your capital when you are doing trading is just too small. Ex. If you have $100 and you only use $10 for trading then expected profits would be small to. If we intend to do trading we must risk our money to gain money, the higher amount the higher profits you would made but still you couldnt guarantee that you would make profits in constant basis on doing trading because price is unpredictable.

mace15

hero member

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Yes, trading is unpredictable job because
price is volatile. We can check the history of
a certain coins so you can know the price
movement. Trading is like a gambling, you
invest money on it, you might gonna lose
or win the game.

iqlimasyadiqa

legendary

Activity: 1596

Merit: 1011

Quote from: yakdivine on September 23, 2016, 03:08:29 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 percent is a small amount. perhaps we should take that number even more.
bitcoin could be the main income when we are seriously working on trading.

Astermony

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Merit: 100

Quote from: Macadonian on September 24, 2016, 03:43:01 AM

Quote from: Zadicar on September 24, 2016, 02:19:03 AM

Quote from: naidray on September 23, 2016, 03:51:27 PM

Quote from: bamboylee on September 23, 2016, 12:53:14 PM

Quote from: praprata on September 22, 2016, 03:50:52 AM

Trading is a very unpredictable job. One day you can make alot of profit and the other day you can lose it all plus more.
You have to be good at analyzing so you know the risks and which trade is worth it. If you are not good at that you will be bankrupt quickly.

Of course it is unpredictable because the price of cryptocurrency is not just based on the market but also on the sentiments or psychology of the users. Even if the graph says something, it can still go the other way. All we can do is speculate and hope our speculations are right.

True. The market is never stable and since 3 months, there hasn't been any big movements that can earn traders a good amount o profit. However, the loses aren't a matter of concern as you can still wait till the price reaches the amount but trading when the price is too high is never worth it. You will always end up losing that way (example: Buying above $650)

Its a normal thing on trading that we suffer such losses because we cant guarantee our selves to buy bitcoin in an exact time since price is too volatile. if you loss in $650 then how much more on those people who bought when bitcoins price reaches $1200 ways back before? Then for sure they would wait until the price would reach that amount or even higher.

If the bitcoin price drops below $550 again, that would be a good time to buy. If it rises to $700 in the next month, it is good price to sell.

If there is no major bad news about the bitcoin, the price will not drop to that level. The price drop to that level was due to bitfinex hack last time.

Jasad

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= jasad =

Quote from: richardsNY on September 23, 2016, 09:24:07 PM

Quote from: yakdivine on September 23, 2016, 03:08:29 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.

not low actually , if he is talking about 10% of your wealth ,
means not capital in bitcoin , if you do invested 20% of your wealth to bitcoin ,
and then 50% of your bitcoin capital are equal to 10% of your total wealth that invested to bitcoin ,
did you get it?

bamboylee

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Quote from: Zooplus on September 23, 2016, 10:45:51 PM

Quote from: richardsNY on September 23, 2016, 09:24:07 PM

Quote from: yakdivine on September 23, 2016, 03:08:29 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.

That depends on how much the exact amount equivalent to 10% of your total wealth, if you are holding millions or billions then that should be a big amount already for trading, you could have established a big business with that money and will guarantee you profit.

10% of your money is enough for risky investments like trading bitcoin. You do not want to put all your money in a still very risky investment. Even if you are just trading it, you should just start with 10% and make it grow. Remember, you should have other investments too, so that if your trading fails, you have other investments to cover you.

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