Topic: Trading is unpredictable job. - page 44. (Read 235951 times)

Honestly, it is! It would never have been interesting if we already know the outcome before we do it.
Most times when you make a decision in business, you always have an expected outcome with hopes and optimism that it does, and when it eventually comes out the way you want, that is where the happiness kicks in.

After all, if we had all known how to read the future or know what would happened next, there are some mistakes we would not have made normally, but then, life and doing business would be boring.

One cannot master bitcoin trading, it needs continued learning. Here even the users who have handful of experience losses, that's why it's mentioned trading is unpredictable. Considering trading and making it a full time job is a good pick, when you have the stubborn mind to take risks.

Totally agree with you, there are many factors to consider if you go into trading as a venture especially in regards to cryptocurrency.

Time --- A succesful trader don't rely on bot trading, instead, do manual trading which requires a lot of attention and consume your time as you need to monitor it from time to time. In order to do this, you should greatly manage your time and put a lot of effort into this kind of venture.

Money --- The more money you invest in, there's only path it might lead to, either gain profits or plainly loss. The more money you have to spend, the great the income you will have and vice versa. Thus, you should only risk what you can afford to lose.

Knowledge --- Before going into trading, you should research about the market first. A lot of people that are first time traders always fail as they don't know the in's and out's into this kind of job.

Skill --- Even if you have the basic to advance knowledge for trading, you have to hone your skill first. Like basketball players, even if they are good since elementary once they step further on their career they have to practice and train a lot and not just stick to their god given talent which might turn them into superstars once they go in the PROS.

Luck --- Sometimes, people who are lazy and just want to have some quick money rely only thru their fate and pray that their decision on what trading move they plan will bring them good fortune. There also times that even if you carefully plan, study and research a lot, if it's not your day then definitely it's not.

Emotions --- Like what I mentioned above (luck), if you're dealing with a great loss and you can't control your emotions this might lead you into more loss. If you got lucky but can't properly handle your excitement or happiness this might lead you into a wrong decision that might (again) will lead you to your loss.

Patience --- If you want to gain a lot, patience is the only key. Don't just settle on small gains, go through a wide margin.

It is not at all easy. I started trading earlier this year, and it took me some guts and some level of getting used to, to be able to quickly adapt. However, it is fun and sweet when you are good at it and then at some point, you start seeing yourself as a mini god of trading who can make right predictions with good analysis. Everything about life is unpredictable... weather, what you wake up to the next day, the challenges that meets you and so on and so forth. It is just left for you to use the environment to make the right moves and the best decisions and if it still does not turn out as expected, at least you tried.

Professional traders are assume traders who are profitable because they have mastered already the way to analyze the price movement.
Trading is very profitable if you are consistent with making good predictions since the market for the entire cryptocurrency is volatile in nature, if I am good in trading I would focus on it and make this as my source of income.

Trading is a very challenging job since it requires good analytical skills and clever logical thinking. You have to be good in analyzing charts so that you can end up with good profit or else you will lose coins instead of earning. You really can't predict its rise and fall but what is important is that you have back up plan.

This is really the best way to me as well. I got tired of trying to look at the screen almost every now and then. Most times, if you can just have few coins worth holding and the chances of you being able to predict them with their patterns, can be more profitable and less tiring as long as you know when to get in, get out, use the stop loss and also know that every day is absolutely not Christmas.

Yes, I agree with you. Trading is an unpredictable job. but if we calculate the average income in 1 month. (* for professional trader)
I think Trading is a very profitable job.

I know someguys , who has a good method on day trading and he made it successfully . His profit is usually around 3%- 7% per day. But i think he works hard as much as he can. Cause i saw he's busy and using the computer 18/24. So it's not good in real life someways/

I have been there and that can pretty much suck. The thing about day trading is that, apart from it being stressful, it is just based sometimes on some high level of prediction. However, there are so many tactics you can use when it comes to long term holding for profit. Although it requires patience sometimes but usually, if it follows a particular pattern and you are able to study it, then you will be making some god amount of money.

You should also see the difference between investing and trading. At the moment, buying Bitcoin is more an investment. People stop using Bitcoin for daytrading. Trading altcoins is very very hard and risky.

it's true, you do not spend all your money just to trade and invest, because trading is a big risk. what you need in trading is intelligence, experience and patience. and most importantly you are smart to choose the coins that will be traded.

yes, trading can not be predicted can make you get a lot of profits but can also make you lose even lose money, before trading must have a good strategy, good emotions and calm the mind

It's all about how you apply your knowledge in the markets, if you blindly guess a loss is prominent in the near future. Crypto concept is still quite complex so trading carefully is the key as fluctuations can lead to huge losses. Taking risks wisely is the best way to work in trading markets. If your planning to trade in crypto in the long run don't invest all your earnings as you might lose everything.

Theories are just bullshit. If theories are always right, maybe all theoretician are billionaires. Let equip basic knowledge. Build your own strategies. After that, do anything you want. Failing will teach you.

correct, holding is better if you have no much knowledge and skills with trading. But if you equipped yourself with trading skills and you are kind of risk taker, then you can start trading some of your coins while holding some as well.

Haha! These theories are just wastage of time and it is nice your re not following any of these at the moment. What I believe is that we should not strictly follow any theory as its s, rather we should get basic ideas from them and make our own strategies.

Moreover holding is much better than trading. You don’t lose anything in this and holding works best with bitcoin. Good luck!

Yes, trading is an uncertain job. That's because we can not predict when the price of a currency may change up or down. But there may be some people who can predict the price and do research.

I myself do not really know about the ups and downs of a currency. I can not predict whether in the future the price of Altcoin will rise drastically just like Bitcoin or even go down and go bankrupt. So I guess if we want to do trading, we have to do it with Bitcoin. That's because we know very well Bitcoin prices are always up and make us a big profit. One of the easiest ways to trade is by burying Bitcoin.

Trading is unpredictable even though you know technical and fundamental analysis the results will not always be what you're thinking. But following the basic thing in trading buy low sell high will help you a lot, just have a good strategy in the market even it is unpredictable you can have a lot of profit. Just always remember "You lose some, You gain some, as long as the outcome is income"

I agree trading is unpredictable job and the price of bitcoin is also unpredictable. You Should know before you enter a trade, set a realistic profit targets and risk or reward you can get. Many traders will not take a trade unless the potential profit is at least three times greater than the risk.