Trading is unpredictable job. - page 88.

terrate

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Quote from: MONKEYJUNK on March 02, 2017, 02:52:06 PM

Trading is very unpredictable and I think that its risky to do it but on the other hand it stays very profitable for a short term so due to that its also again worth it too.

You should know your trade is long or short.
Yes, longer can be more profit but i dont know it works on altcoin or not.

The risk will increase if u reject your analysis then dont adjust your SL.

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Trading is like gambling if you don't have the enough required knowledge. You need to have an actual experience in making trade, just start with a small capital so while you are doing that, you can learn additional methods that you can use for your next trading...

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Quote from: mindrust on March 01, 2017, 05:12:24 PM

It is not if you work for JP Morgan it seems.

http://www.zerohedge.com/news/2017-03-01/jpmorgans-trading-desk-lost-money-just-two-days-past-4-years

According to the article, JP only lost money only 2 days in the past 4 years. Does trading sound unpredictable to you now?

It is unpredictable only if you don't have enough information about what you are trading. Let's say you are trading bitcoins. Would you buy bitcoins from 1200$? If you answer "yes", based on which information? The thing is %99.99 of the btc traders don't have a slightest clue about what/why they are trading.

When you trade stocks for example; you probably have an expectation about the company based on your public or private information about the company so you short or long the stock.

When it comes to bitcoin; people only have expectations. (good or bad) And those expectations usually based on no actual information.

They got big capital, just do hedging, even got lose they can hedging back also.
Also their set loss can be longer. Portfolio big.
So it doesnt matter how many days they loss.

Small traders cant do hedging due to capital and cash flow, so more depends on winning ratio.

If u feel trading is unpredictable then dont trade.
At last, u still need do a decision as you are a trader.

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I have to agree with the OP. Trading is highly unpredictable. You can make the job somewhat easy by trying to apply technical analysis tools but they are usually lagging indicators and doesn't work all the time.

In Crypto trading, you need to keep a close watch of the news as well as the volumes. Go with trend and try to figure out the resistance and support levels. And always keep stop loss and book profits at every levels. Never let greed control you.

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Quote from: noormcs5 on March 06, 2017, 11:59:46 AM

Quote from: MONKEYJUNK on March 02, 2017, 02:52:06 PM

Trading is very unpredictable and I think that its risky to do it but on the other hand it stays very profitable for a short term so due to that its also again worth it too.

Yes, of course, trading is unpredictable work, but if we have skills and knowledge than this predictable work give us money, but it is depend on our ability how to earn. Yeah, altcoin trading better is that earn in a short term, than it will be profitable.

Basic knowledge in trading is a requirement for every trader, otherwise you are just gambling when you do it. Skills can be learn along the way as this journey requires you also to develop your method by being updated with the recent happenings in connection to the assets you are trading.
Bear in mind that everything is news related and you must be aware of that news as that is your main weapon to be successful.

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Quote from: MONKEYJUNK on March 02, 2017, 02:52:06 PM

Trading is very unpredictable and I think that its risky to do it but on the other hand it stays very profitable for a short term so due to that its also again worth it too.

Yes, of course, trading is unpredictable work, but if we have skills and knowledge than this predictable work give us money, but it is depend on our ability how to earn. Yeah, altcoin trading better is that earn in a short term, than it will be profitable.

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Quote from: legendbtc on March 02, 2017, 12:53:59 PM

Trading is unpredictable to people who don't have any knowledge about trading and it is predictable for people who is expert in trading. We have to follow different type techniques when you are trading because if you fail to make money in one and you have to implement other techniques to make money.

Yeah that is right to say that experienced traders do not face any issue while predicting about their trade market. While for those people who do not have any knowledge in trade will just trade like gambling they will not know that what they are doing with their money they will just buy coins without knowing anything about it.

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Quote from: mel0924 on March 03, 2017, 02:09:38 PM

Yes that is true.Me myself already had experienced this trading different coins in order to earn but sad to say i lost some amount of bitcoins. We need to read and study the type of coins we trade.

it is very difficult to make the trading of fixed income. Well, basically trading is indeed the work is uncertain. You would not know, when you can make money, and when you're going to lose. In trading, you can not always make a profit

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Yes that is true.Me myself already had experienced this trading different coins in order to earn but sad to say i lost some amount of bitcoins. We need to read and study the type of coins we trade.

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Quote from: MONKEYJUNK on March 02, 2017, 02:52:06 PM

Trading is very unpredictable and I think that its risky to do it but on the other hand it stays very profitable for a short term so due to that its also again worth it too.

in this session i believe that everyone has their own opinion based on the topic which talking about trading
in my opinion
i believe somebody would allow get a large of profit with the condition the persons are diligent to check about the changes of statistic of bitcoin itself in every single time
so i can say that trading is a job which sometimes predictable just like in stock chain
it start by how you believe on something
thank you

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Trading is very unpredictable and I think that its risky to do it but on the other hand it stays very profitable for a short term so due to that its also again worth it too.

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Quote from: legendbtc on March 02, 2017, 12:53:59 PM

Trading is unpredictable to people who don't have any knowledge about trading and it is predictable for people who is expert in trading. We have to follow different type techniques when you are trading because if you fail to make money in one and you have to implement other techniques to make money.

If you fail in the first part of your trading then think it as a lesson for you to do better decision in your future trades. I agree that trading is predictable job for people who are expert or we can just say those people who can read threads,news,updates and chart and also make it as a basis in creating decision. People like that is the one who earn decent amount of profit in trading because he is not too lazy to follow those things.

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Trading is unpredictable to people who don't have any knowledge about trading and it is predictable for people who is expert in trading. We have to follow different type techniques when you are trading because if you fail to make money in one and you have to implement other techniques to make money.

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Quote from: mindrust on March 01, 2017, 05:12:24 PM

It is not if you work for JP Morgan it seems.

http://www.zerohedge.com/news/2017-03-01/jpmorgans-trading-desk-lost-money-just-two-days-past-4-years

According to the article, JP only lost money only 2 days in the past 4 years. Does trading sound unpredictable to you now?

It is unpredictable only if you don't have enough information about what you are trading. Let's say you are trading bitcoins. Would you buy bitcoins from 1200$? If you answer "yes", based on which information? The thing is %99.99 of the btc traders don't have a slightest clue about what/why they are trading

In fact, this doesn't bode well for ordinary traders

Basically, if they really lost money only 2 days within 4 years (which may well be the case), it means that someone else had been losing all this time (barring only those two lucky days for him). I suspect that the real question here should be not how predictable or unpredictable the market is for JP Morgan but how much of this market they have been manipulating. To any sane individual it should be clear as day that they have been so profitable because they are somehow milking or rigging the market and not because their traders are so good in honest competition

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Quote from: mindrust on March 01, 2017, 05:12:24 PM

It is not if you work for JP Morgan it seems.

http://www.zerohedge.com/news/2017-03-01/jpmorgans-trading-desk-lost-money-just-two-days-past-4-years

According to the article, JP only lost money only 2 days in the past 4 years. Does trading sound unpredictable to you know?

It is unpredictable only if you don't have enough information about what you are trading. Let's say you are trading bitcoins. Would you buy bitcoins from 1200$? If you answer "yes", based on which information? The thing is %99.99 of the btc traders don't have a slightest clue about what/why they are trading.

When you trade stocks for example; you probably have an expectation about the company based on your public or private information about the company so you short or long the stock.

When it comes to bitcoin; people only have expectations. (good or bad) And those expectations usually based on no actual information.

this was a good answer, and thanks for sharing that link.
i agree, people who are trading bitcoin and also by extention altcoins, only have expectations and most of the time these expectations are unreal and based on nothing and they want to acheieve it right away. that is why we see too many weak hands in the market these days.

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It is not if you work for JP Morgan it seems.

http://www.zerohedge.com/news/2017-03-01/jpmorgans-trading-desk-lost-money-just-two-days-past-4-years

According to the article, JP only lost money only 2 days in the past 4 years. Does trading sound unpredictable to you now?

It is unpredictable only if you don't have enough information about what you are trading. Let's say you are trading bitcoins. Would you buy bitcoins from 1200$? If you answer "yes", based on which information? The thing is %99.99 of the btc traders don't have a slightest clue about what/why they are trading.

When you trade stocks for example; you probably have an expectation about the company based on your public or private information about the company so you short or long the stock.

When it comes to bitcoin; people only have expectations. (good or bad) And those expectations usually based on no actual information.

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Quote from: Taskford on March 01, 2017, 04:26:40 AM

Quote from: richardsNY on February 28, 2017, 01:57:33 PM

Quote from: roadbits on February 27, 2017, 02:55:47 PM

Quote from: richardsNY on February 27, 2017, 11:54:52 AM

Quote from: Raja_MBZ on February 26, 2017, 07:10:22 PM

Well than 95% to 5% ratio definitely scares me, and tells the reason why I always end up with a loss.

The one thing which I've learned with my trading is that, trading can't workout as a secondary job. You have to have full focus. Good knowledge of what you're buying and why you think its going to have its value increased in near future is definitely required. Without knowledge, there is a good chance that you'll end up being in that 95% losers.

Yep. For the majority of the people 'trading' should be nothing more than an occasional practice. If you just stick to buy low and sell high, then it's more than enough for the average person. Frequent traders put themselves into greater risks as they try to benefit from basically every market situation. If you lack proper market understanding, then it's basically a losing game from there as you can't endlessly depend on luck to help you.

The trading is not like gambling, and we should put more focus on this method. This is a very risky method but once you get an idea how to trade and what time to trade then this is an easy method to make money from Bitcoin. The more important thing is you should always keep one eye on market price because complete trading depends on market price. If you show laziness here, you will end with the big loss.

Trading IS gambling when you blindly buy at certain price levels and then just hope that you will bank. Majority of the people here thinking that when you know what to do that you can earn money easily, simply don't know what they are talking about. There isn't such a thing as easy profit making when it comes to trading. If you really believe that, then you are underestimating the Bitcoin market with all its volatility.

When you can manage your money properly, trading could be profitable

Money management won't help you earn profits on its own

In practice, if we are talking about money management done right, it would dictate you to stay away from trading altogether in 99% of cases (unless you know how to milk the market). And this is not about just Bitcoin market, it is basically the same with any financial market which is essentially a gambling for the majority of traders (and those reckoning themselves as such). Many learn it the hard way, some don't learn it at all (until it is too late and they have lost all)

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Quote from: richardsNY on February 28, 2017, 01:57:33 PM

Quote from: roadbits on February 27, 2017, 02:55:47 PM

Quote from: richardsNY on February 27, 2017, 11:54:52 AM

Quote from: Raja_MBZ on February 26, 2017, 07:10:22 PM

Well than 95% to 5% ratio definitely scares me, and tells the reason why I always end up with a loss.

The one thing which I've learned with my trading is that, trading can't workout as a secondary job. You have to have full focus. Good knowledge of what you're buying and why you think its going to have its value increased in near future is definitely required. Without knowledge, there is a good chance that you'll end up being in that 95% losers.

Yep. For the majority of the people 'trading' should be nothing more than an occasional practice. If you just stick to buy low and sell high, then it's more than enough for the average person. Frequent traders put themselves into greater risks as they try to benefit from basically every market situation. If you lack proper market understanding, then it's basically a losing game from there as you can't endlessly depend on luck to help you.

The trading is not like gambling, and we should put more focus on this method. This is a very risky method but once you get an idea how to trade and what time to trade then this is an easy method to make money from Bitcoin. The more important thing is you should always keep one eye on market price because complete trading depends on market price. If you show laziness here, you will end with the big loss.

Trading IS gambling when you blindly buy at certain price levels and then just hope that you will bank. Majority of the people here thinking that when you know what to do that you can earn money easily, simply don't know what they are talking about. There isn't such a thing as easy profit making when it comes to trading. If you really believe that, then you are underestimating the Bitcoin market with all its volatility.

When you can manage your money properly, trading could be profitable.

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Quote from: roadbits on February 27, 2017, 02:55:47 PM

Quote from: richardsNY on February 27, 2017, 11:54:52 AM

Quote from: Raja_MBZ on February 26, 2017, 07:10:22 PM

Well than 95% to 5% ratio definitely scares me, and tells the reason why I always end up with a loss.

The one thing which I've learned with my trading is that, trading can't workout as a secondary job. You have to have full focus. Good knowledge of what you're buying and why you think its going to have its value increased in near future is definitely required. Without knowledge, there is a good chance that you'll end up being in that 95% losers.

Yep. For the majority of the people 'trading' should be nothing more than an occasional practice. If you just stick to buy low and sell high, then it's more than enough for the average person. Frequent traders put themselves into greater risks as they try to benefit from basically every market situation. If you lack proper market understanding, then it's basically a losing game from there as you can't endlessly depend on luck to help you.

The trading is not like gambling, and we should put more focus on this method. This is a very risky method but once you get an idea how to trade and what time to trade then this is an easy method to make money from Bitcoin. The more important thing is you should always keep one eye on market price because complete trading depends on market price. If you show laziness here, you will end with the big loss.

Trading IS gambling when you blindly buy at certain price levels and then just hope that you will bank. Majority of the people here thinking that when you know what to do that you can earn money easily, simply don't know what they are talking about. There isn't such a thing as easy profit making when it comes to trading. If you really believe that, then you are underestimating the Bitcoin market with all its volatility.

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Quote from: Weatherby on February 28, 2017, 09:01:32 AM

Quote from: seekoin on February 26, 2017, 10:35:08 AM

Trading is unpredictable job for sure, but money management is not. Just my 2 cents.

If you are able to manage you money and if you are following the news about the coin you are investing and if you can control your emotions then trading can become a easy job and if you are looking for an easy money scheme trading is not meant for you and it might be unpredictable.

Trading is also like learning to control your emotional feelings, don't be too excited when the price goes up or feel devastated when goes down.
By accepting losses can be part of winning trade, yes it is unpredictable but it is always in your hands how you will earn through it. It is always a matter of chance and choice.

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