Trading is unpredictable job. - page 141.

Macadonian

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Quote from: Zadicar on September 24, 2016, 01:19:03 AM

Quote from: naidray on September 23, 2016, 02:51:27 PM

Quote from: bamboylee on September 23, 2016, 11:53:14 AM

Quote from: praprata on September 22, 2016, 02:50:52 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.

Caladonian

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Quote from: Zadicar on September 24, 2016, 01:19:03 AM

Quote from: naidray on September 23, 2016, 02:51:27 PM

Quote from: bamboylee on September 23, 2016, 11:53:14 AM

Quote from: praprata on September 22, 2016, 02:50:52 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.

thats the principle of trading never go out if you entrusted the project that you supported as the price really showing good movement we can still assure that the price will jump back to the same price that we bought it, we really needed to make proper education and understanding to enhance our skills before we enter this kind of business.

Zadicar

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Quote from: naidray on September 23, 2016, 02:51:27 PM

Quote from: bamboylee on September 23, 2016, 11:53:14 AM

Quote from: praprata on September 22, 2016, 02:50:52 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.

Zooplus

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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.

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.

richardsNY

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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.

BitcoinMarshal

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Quote from: dandroid on September 23, 2016, 01:56:45 PM

In my opinion, trading is not an very easy way to earn money, like what some people think. There are many good traders who lost a lot of money in trading, even those with lots of experience.

You are right its need some good time to understand this all but still risk is on just try to keep eye on market and then spend your money which easily you can afford to lost some time peoples lost big in greediness and then have nothing to recover this

naidray

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Quote from: bamboylee on September 23, 2016, 11:53:14 AM

Quote from: praprata on September 22, 2016, 02:50:52 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)

yakdivine

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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.

dandroid

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In my opinion, trading is not an very easy way to earn money, like what some people think. There are many good traders who lost a lot of money in trading, even those with lots of experience.

bamboylee

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Quote from: praprata on September 22, 2016, 02:50:52 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.

BitcoinPC

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Quote from: ontrackk on September 23, 2016, 01:56:48 AM

It is unpredictable but you still can make it safe work. If you bought altcoin and it's price crahsed down, of course you don't sell them for small price, you wait for it's price to be larger again

And also wait for a long time, because if someone miss one chance than the again chance sometime never come back, and sometime too much time required, and than litter bit chances to get profit. For me, trading is unpredictable and also it is risky job.

Zooplus

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Quote from: betlord90 on September 23, 2016, 01:05:30 AM

Quote from: noictib on September 22, 2016, 09:56:43 PM

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?

yeah , trading is an unpredictable job but here i will say it is a open minded job . because you will never get loss in btc . while for some timw the price goes down and up may be the reason of loss in your local currency but overall not the decay of your btc . so in this case keep waiting to increase price . as it is a job of patience .

Yes no one can know when bitcoin down and up ang trading is like a gambling you can win or lose. But more on winning so i agree that waiting and patience is very important once you enter in trading.

You are gambling if you are not prepared when you go trading, that is not an easy job but will the right research you can get the right information that you can use in trading and that would give you more chance to earn money as it will also improve your skills. Never get tired on feeding enough information that you can use to succeed then you are not gambling after all.

ontrackk

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It is unpredictable but you still can make it safe work. If you bought altcoin and it's price crahsed down, of course you don't sell them for small price, you wait for it's price to be larger again

betlord90

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Quote from: noictib on September 22, 2016, 09:56:43 PM

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?

yeah , trading is an unpredictable job but here i will say it is a open minded job . because you will never get loss in btc . while for some timw the price goes down and up may be the reason of loss in your local currency but overall not the decay of your btc . so in this case keep waiting to increase price . as it is a job of patience .

Yes no one can know when bitcoin down and up ang trading is like a gambling you can win or lose. But more on winning so i agree that waiting and patience is very important once you enter in trading.

chaser15

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Quote from: noictib on September 22, 2016, 09:56:43 PM

yeah , trading is an unpredictable job but here i will say it is a open minded job . because you will never get loss in btc . while for some timw the price goes down and up may be the reason of loss in your local currency but overall not the decay of your btc . so in this case keep waiting to increase price . as it is a job of patience .

It's not that you will never get loss, it's not what trading can do. Since it's unpredictable everything can happen.

The most time loss is more present is when a person try to deals with the on going price rally. Thinking price will reach more up most of the traders trying to risk some money. Sometimes the waves doesn't come to them but there is a so called minimizing the loss so still it's a loss. Just a minimal one and not that big.

noictib

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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?

yeah , trading is an unpredictable job but here i will say it is a open minded job . because you will never get loss in btc . while for some timw the price goes down and up may be the reason of loss in your local currency but overall not the decay of your btc . so in this case keep waiting to increase price . as it is a job of patience .

JITENDERPAR3

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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?

you should have management of money and control on emotions . because sometimes trading became a work of patience insteaded of trading because some time instant rate goes down and we find that the btc that we hold can't be sell for huge loss .

MyBTT

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Trading while uneducated is yes, very unpredictable. You have to invest your time into researching a coin's roadmap and it's dev history. Only then, when you gain an understanding of the inner workings, will coins be more predictable to invest in.

0day

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Quote from: BitcoinMarshal on September 22, 2016, 03:53:15 PM

Quote from: ayesha sadiqa on September 22, 2016, 03:49:33 PM

Quote from: jam1nut0 on September 22, 2016, 12:49:51 AM

You can say it is unpredictable but you can feel when price will fall down or will rise, though it is hard to do that

yes it is really umpredictable but still there are such an expert people can still predict in trading, so i think the actual power is that of experience, if you have a good experience about some thing you can show good prediction about that.

Its need some experience and expert mind and some good amount of money because some time you have to store your stock for rise of price which can give you good profit without good amount you can lost all very quickly

I agree with you but if a person has experience and expert mind then he will not need a good amount of money he will be able to take the start even from a smaller amount and can get a higher profit which is possible in trade.

BitcoinMarshal

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Quote from: ayesha sadiqa on September 22, 2016, 03:49:33 PM

Quote from: jam1nut0 on September 22, 2016, 12:49:51 AM

You can say it is unpredictable but you can feel when price will fall down or will rise, though it is hard to do that

yes it is really umpredictable but still there are such an expert people can still predict in trading, so i think the actual power is that of experience, if you have a good experience about some thing you can show good prediction about that.

Its need some experience and expert mind and some good amount of money because some time you have to store your stock for rise of price which can give you good profit without good amount you can lost all very quickly

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