Trading is unpredictable job. - page 157.

entrepmind23

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Quote from: densuj on August 01, 2016, 06:46:33 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 need this three in trading for sure. You need the method to know what will be your position in the market,when to enter a trade and when to get out of a trade. You need money as capital and be sure to know how much to trade so that when you lose in a trade, you still have enough to make a position and have a chance to gain back what you lose. The mind is needed and be sure that you remain firm in your decision that when you make a trade, you already set a price to take profit and the price of how much you can afford to lose. But the important thing in trading is experience because along the way you can learn so many things that you can use in your future trades. As what they say,experience is the best teacher.

crairezx20

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Quote from: shinratensei_ on August 03, 2016, 12:17:05 PM

Quote from: densuj on August 01, 2016, 06:46:33 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?

And again you forget about this, you need patience on yourself, it's will useless if you don't have patience n yourself because patience has become important factor in trading.

Yeah this is one of the part of trading is to be patience if you choose a legit altcoin but the movement of the price is slow you should way for a long time and you should have an invest a high amount so that you are making a lots of profit of the price of that coins is high,.

shinratensei_

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Quote from: densuj on August 01, 2016, 06:46:33 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?

And again you forget about this, you need patience on yourself, it's will useless if you don't have patience n yourself because patience has become important factor in trading.

Pursuer

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Quote from: densuj on August 01, 2016, 06:46:33 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?

I agree, trading is a hard and risky job which will require a lot of time to be spent for learning and then for earning money and trying not to lose anything.
in my opinion what you need the most for being successful in trading is knowledge. and this knowledge can be gained through learning different kinds of analysis and learning about things that affect the price in the market. then you can get to a level that you will be able to speculate better and then in the end of all this you will need some luck at your side to be always successful.

Judge007

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the trading is unpredictable in fact,the experience is very important.

Herbert2020

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too many people lose their money on trading because they are trading using their emotions not their brain and logic and obviously this is not something you can get into based on your emotions and wishing the price to go up doesn't push it up and make your rich.

TraderETH

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Quote from: nova-rider on August 02, 2016, 11:52:19 PM

Unpredictable in fact, just the experience shows.

You should show more details about your statement don't just short sentences. Share your opinions about way of trading with us at here.

nova-rider

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Unpredictable in fact, just the experience shows.

mrhelpful

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Quote from: valta4065 on August 01, 2016, 03:15:39 PM

Quote from: Backside walkaround on August 01, 2016, 02:49:13 PM

With altcoin or bitcoin trading, the good thing is that you don't need a lot of capital to start with, and the fees are pretty damn small. You also have a good number of exchanges to pick from.

You always have to have a handle on your emotions when you're trading anything, and I think it's especially hard in the crypto world. Prices of altcoins can bounce so much that you can lose your lunch while you're waiting to make a profit. It's definitely high risk. I wouldn't be brave enough to try it for long.

Well you don't need a strong capital 99% of the time.
That's the principal advantage of leverage trading.

This sorta falls under 2 scenarios - either you gained it through other means (lawsuit,etc, handed down money)

Or you are begging around people for others "crowd funding" scenario looking for investors which a hedgefund does with the 1%.

virtualkeybuyer

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If you have some extra money and have patience for the good time and have good knowledge about the trading trick and about the assets with which you want to start trading then I think there will be no any difficulty happen to you.

bittraffic

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Quote from: CoinBreader on August 02, 2016, 01:56:54 PM

If you are talking about crypto trading yes it is unpredictable, no limits up/down , you may end up broke, thats why if you want to trade every single day you have to read first everything about the coin you wanna play with, then read the charts and try to find some info about a possible price rise or fall
Well you dont have to panic , so this means you have to trade with what you afford to lose, if not ...you cant avoid it!
my conclusion is if you dont have the time to watching the markets/news 24/7 and you dont have a group to discuss and do some co-work, then you gonna need a bot save your from a down trend and limit your loss,

P.S trade bot is another story (how to set it up) and be trusthworthy with your folio!

There are no price movement every day for altcoins. if there is its just cents which may not affect much unless you have hundreds of thousands for decent profit.
you'd rather go forex or stock market if you wanna do it everyday and treat it like its your business.

CoinBreader

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If you are talking about crypto trading yes it is unpredictable, no limits up/down , you may end up broke, thats why if you want to trade every single day you have to read first everything about the coin you wanna play with, then read the charts and try to find some info about a possible price rise or fall
Well you dont have to panic , so this means you have to trade with what you afford to lose, if not ...you cant avoid it!
my conclusion is if you dont have the time to watching the markets/news 24/7 and you dont have a group to discuss and do some co-work, then you gonna need a bot save your from a down trend and limit your loss,

P.S trade bot is another story (how to set it up) and be trusthworthy with your folio!

actmyname

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Quote from: outatime1 on August 01, 2016, 07:48:43 PM

You do have to have a method for trading. I like to wait for the price to drop and then buy, but I keep some cash to buy again if the price drops more. That extra leverage can give you some peace of mind, but it takes away from what you could make if the price doesn't keep gong down. You just have to find a method that works for you.

Drop from what point? At what threshold will you stop if the market crashes? Buying every single time the price drops won't yield that great of an outcome in a bearish market.

Trading is similar to that of sports betting, if we're thinking about it. Outcomes can be occasionally predicted, but nothing is guaranteed. There may be more likely outcomes with certain factors in play, but teams or the price can always sway to another way either because of luck or manipulation.

outatime1

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You do have to have a method for trading. I like to wait for the price to drop and then buy, but I keep some cash to buy again if the price drops more. That extra leverage can give you some peace of mind, but it takes away from what you could make if the price doesn't keep gong down. You just have to find a method that works for you.

ivanst776

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Quote from: densuj on August 01, 2016, 06:46:33 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?

Trading bitcoin and other coins is very risky if you can't manage them properly and very often, trading needs time because you should be always up to date with the recent trends of that particular coin that you are trading.

About the method I don't know any method but there are some trading bots but unless you see the source code I think it is not safe enough and verify yourself that it works as you want.

Sometimes when you are on hurry you can't control yourself and maybe you should sell at 1:1 just to take off the coins because the dump can happen anytime.

SAMKUSH

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I would recommend practicing trading. One way you could do this is to open a demo account with a trading site. However, I think that trading with a demo account is not the same as a real account so I would recommend trading with very small amounts of bitcoins. Bitmex offers a leverage so high you can trade with less that 50,000 satoshi, as soon as you start trading more and more and start increasing the amount.

valta4065

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Quote from: Backside walkaround on August 01, 2016, 02:49:13 PM

With altcoin or bitcoin trading, the good thing is that you don't need a lot of capital to start with, and the fees are pretty damn small. You also have a good number of exchanges to pick from.

You always have to have a handle on your emotions when you're trading anything, and I think it's especially hard in the crypto world. Prices of altcoins can bounce so much that you can lose your lunch while you're waiting to make a profit. It's definitely high risk. I wouldn't be brave enough to try it for long.

Well you don't need a strong capital 99% of the time.
That's the principal advantage of leverage trading.

Backside walkaround

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With altcoin or bitcoin trading, the good thing is that you don't need a lot of capital to start with, and the fees are pretty damn small. You also have a good number of exchanges to pick from.

You always have to have a handle on your emotions when you're trading anything, and I think it's especially hard in the crypto world. Prices of altcoins can bounce so much that you can lose your lunch while you're waiting to make a profit. It's definitely high risk. I wouldn't be brave enough to try it for long.

enhu

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Quote from: crairezx20 on August 01, 2016, 02:15:09 PM

Yeah your right its unpredictable but its depends of your strategy and what altcoin you choose..
In my opinion or tips i think better to always use coinmarketcap and choose top 20 altcoin or top 10 altcoin and choose them because those are legit altcoin that you can hold for a long time.

Most of them however are now controlled by bagholders owning about 50K coins. They know exactly when someone just enters the market, they could just dump few and there you lose your money. an unsuspecting investor would simply buy more because the price just drop. but these big whales can simply pull the price deeper until they exit. that's how some of them play.

CroIsBest

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Yea trading is most times unpredictable job but in some situations is predictable when it is sure that it will grow or decrease price per peace.But it is better to use ptc sites and revenue share sites.

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