Trading is unpredictable job. - page 23.

Potatohead

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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?

That's why trading is risky, even you can follow patterns using the price charts, prices are still difficult to speculate. Crypto currency prices are volatile, people can either make a big dump while price is increasing because most people are scared to lose some profit during a bull run.

shadyrifles

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Yes indeed it is! Trading is for matures only. If you want to gain a huge profit in an altcoin then you have to be patience. Hold your coins until you get speculative profits it will work better than trading.

hnsq1

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You can analyze though and reduce the risks but still any event can change other events making it so unpredictable.

heartrodriguez28

newbie

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Indeed, gains aren't going to be consistent every single time, but what us traders need to focus on is making sure that our existing capital is not wiped out by some trading mistake. Our main goal is to stay in the game with the least amount of loss.

kamote291993

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Activity: 140

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That is because trading is always affected by the market and fluctuations. You can win if you know the rules of the market of crypto. This is the most necessary thing for you to succeed.

jinx029

member

Activity: 126

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You can say that again. In my little time of trading as a newbie, I've learnt to be very patient with the coins, observe their movements either upward or downward and take my position, otherwise I will end up loosing so much instead of gaining

kamote291993

member

Activity: 140

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It's true that trading is hard work because all the coins you can not predict will increase the price of the coin so it will be risky for trading, because every investing, trading or gambling its a risky kaya pariho pariho That's just because you gamble your money but I'm investing in you too hard because the scam also goes to the end when it lasts.

RDNX

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Activity: 392

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Yes, i agree with you. Become a trader, especially trade in Cryptocurrencies need strong mentality and good skill. Not only those, another things to do is trader must have a good capital to gain more profits. I think, that is the key.

JamesIV

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Certainly, traing is an unpreddicable job. However, you can use your knowledge and skill to predict the trend of the market. So, you can earn profit.

magmar

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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?

Yess trading is very unpredictable job because you cannot know when will your holdings will be worth to sell because sometimes the price pumps then you are now going to sell it then suddenly after few days after tou sold your holdings the value almost triple the price and now you miss that thing because you never knew that those thing are going to happen. And it takes a lots of guts in order to pursue this kind of thing. Everyday the price of the coins changes and no one can predict the exact and accurate value that will be.

Babatunde1989

newbie

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Yes you are on the line,for me trading require funds,knowledge and method to apply when trade.

PERtua

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Quote from: TheWinnerBro on January 04, 2018, 05:21:04 AM

Even if you have great self control trading will make you forget it. I am talking from personal experience here, I remember very well when I was trading and I couldn't even sleep at night. At 2 am in the morning I used to woke up and to check my positions in trading. That's how obsessed with trading I was and that lead me to losing everything. Now its been about 3 years I have fully recovered from this disease as that's what I will call it, a big disease. I want to tell anyone to stop trading as you will never come on top of that no matter how skillful you are. Ask yourself a simple question , if trading was so profitable for the traders would there be so many trading houses and websites out there ? I don't think so. Trading truly is unpredictable.

i feel you mate. i have been with that feeling as well, seemed like everytime you sleep you will just woke up just because somethings whispering you to check the price. lol. but i have recovered as well to that obsession. it is not easy but as long as you are determine, you will have self control eventually.

CryptoScorpio

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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?

Yes you are absolutely correct. Trading requires all these things. Money and method are the most important ones.You need to be pre planned with few methods and you need to apply the correct methods, it needs your mind.

TheWinnerBro

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Activity: 154

Merit: 100

Even if you have great self control trading will make you forget it. I am talking from personal experience here, I remember very well when I was trading and I couldn't even sleep at night. At 2 am in the morning I used to woke up and to check my positions in trading. That's how obsessed with trading I was and that lead me to losing everything. Now its been about 3 years I have fully recovered from this disease as that's what I will call it, a big disease. I want to tell anyone to stop trading as you will never come on top of that no matter how skillful you are. Ask yourself a simple question , if trading was so profitable for the traders would there be so many trading houses and websites out there ? I don't think so. Trading truly is unpredictable.

mirakal

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Quote from: Blue_oxen on January 02, 2018, 10:38:43 PM

Quote from: Arkham Knight on January 02, 2018, 10:21:41 PM

It's very unpredictable job but I notice that there's a pattern in cryptocurrencies. When bitcoin's going up and up, altcoins dip so you need to exchange it quickly and when bitcoin's having a correction, altcoins are having a rally which is happening right now.

I do not see any pattern here. when Bitcoin rise, altcoin falls. when Bitcoin falls, altcoins falls too. I think that, each coins has an own value and it also needs an own strategy, we can't apply any pattern here

It's a cycle so you have to be smart enough to know the trend so you will be able to benefit on the price movement by doing day trading.
Unpredictable job but we can do better if we work hard enough by educating ourselves as the only thing that is necessary in trading is being updated on timely decision as most of the time when there is a speculation the market moves.

Rony24h7

member

Activity: 336

Merit: 10

Something is obviously true but not 100% right of it. It is not completely unpredictable though trading and its related all works are so hard. By doing these works most of the worker who are related to trading are driving their life comfortably.
What will come at next we will never know at present because no one can predict perfectly of future but you can predict something about the future of trading if you have a sharp mind and have some important idea about trading. You can get the benefit by using the experience about these things prices ups and down.

Blue_oxen

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Activity: 515

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Quote from: Arkham Knight on January 02, 2018, 10:21:41 PM

It's very unpredictable job but I notice that there's a pattern in cryptocurrencies. When bitcoin's going up and up, altcoins dip so you need to exchange it quickly and when bitcoin's having a correction, altcoins are having a rally which is happening right now.

I do not see any pattern here. when Bitcoin rise, altcoin falls. when Bitcoin falls, altcoins falls too. I think that, each coins has an own value and it also needs an own strategy, we can't apply any pattern here

Arkham Knight

full member

Activity: 532

Merit: 100

It's very unpredictable job but I notice that there's a pattern in cryptocurrencies. When bitcoin's going up and up, altcoins dip so you need to exchange it quickly and when bitcoin's having a correction, altcoins are having a rally which is happening right now.

anavir

member

Activity: 350

Merit: 12

yes..trading is unpredictable job...interms of prices,sometimes it goes then suddenly it falls down so its up to the trader how they manage the sudden changes of price..when it is low then wait till it goes up again...another strategy for me is, before it goes very low,i will trade few only then wait till it rise again

arthotdog

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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?

yes it is,the whole crypto system is unpredictable in some point this community has
the same manners as gambling,because you gamble everytime you trade even if how skilled
you are in this respective fields still no one can predict what will be the movement of the coins
you invested

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