Topic: Trading isn't just a game of skills (Read 133 times)

If he use those tools , some forum detectives would report him as someone who uses AI to write without taking into consideration that English may not be his first language. And you know what happens he'll be slammed with a neutral tag. What he can do however is have someone in his locality who understands English to review his posts before he makes them to ensure there is coherence. Another thing he can do is he pays attention to the comments of users and makes effort to work on it.

Honestly I find it quite difficult to understand that part my friend, as you asked, it makes me confused about where the idea is going because it is too short and unclear, but so far I think it seems like what you mean is like what you said that the majority of people will only believe that someone is a good and skilled trader just by looking at all the living facilities they use.
That is something normal and doesn't matter even though the wealth you get is not actually generated from trading but surely people who hear about you as a trader will certainly conclude that you are rich from trading. Everything can only be believed when evidence is involved, but when you lie by saying something that is not in accordance with the facts then it will only make your life complicated because surely there will be lots of people who come to be taught.

On the other side of the scenario, it is not uncommon for people to misunderstand and act too rashly due to concluding everything just by looking and without doing any research at all beforehand, such as seeing other people's wealth generated from trading, it doesn't matter if you have a strong intention and determination to learn, but usually most people always want everything instantly until in the end they just waste money and time.

Because people can easily judge someone based on material things they see—your lifestyle, the way you dress, and your circle of friends. Many rich people boldly show their riches and wealth to gain recognition, and your friend also expects you to be like that upon hearing that you are a trader. He expected a lot from you because social media says that trading is profitable and assumes that all traders have come to a winning end like what they see on social media platforms. Of course, anybody who could see how influencers promote trading will certainly think that you are rich. 

This is my piece of advice to you, OP. Don't get close to that person because he is not the right person to be friends with. 

You have to open your friend eyes to reality not to be deceived by what he sees. As lucrative as trading is, the risk involved is more than you can imagine. You don't just lose some money, you also lose yourself if you are not careful. If you actually successful as you claimed, let him know the challenges you faced in the process before reaching this level.

By the way, what do you trade?


The two statements above that I bolded in your post, are they not contradicting or I am the one that don't understand? You first said that skill is not just enough and then said that once you conquer skill you're at the top. How does it sound? I don't know how you'll clarify this but AFAIK, skill plays a vital role in crypto trading.

Do you mean that if someone do not see you with car, house and richness, they may not believe that you are a good trader? Try and explain better. But if that is what you meant, that is life. If you are rich, people will like to know the source of your wealth. If it is from trading, they will believe that you are a good trader. But know that trading is very risky. The chance to lose is more than the chance to make profit from it. But making money from it is possible.

Professional traders don't see trading as a game, we nailed it.

Most of non-professional traders consider it as a game and it's helpful to explain why most of them losing money via trading. The rest of non-professional traders, the minority I mean, don't see it as a game. They are serious with trading and their trading capital and they are doing good at beginning. Will they get profit from trading or get loss too, it depends, but by having better attitude and approach, they are trading more seriously and more carefully in defend their capital, so chance to get loss is smaller and probability to get profit would be higher than the first trader type.

You already stated that skill is a very important aspect of trading and also said that trading is not just a game of skill, I was expecting you to elaborate more on what the trading is all about if not mostly about skill. Being a skillful trader is what determined how professional you are, if you have a great skill, that's what determines the amount of profit you will make from trading, that's what can make you know how to minimize lose and maximize profit.

People deceived with the misconceptions they have seen saw with social media tons of influencers make a trade and they say that they earned a lot of money of course they will flex all of the things they can so people get encouraged to join in trading but in reality, its all about the knowledge and well trained experience and skills through out in the journey in trading, not all the time big amount comes into our pocket wrong decision makes us more vulnerable to mistake to lose our money. If your friend is just new to crypto I guess its quite normal but sooner or later once they knew already what the crypto trading really is for sure he will understand.

If you think you conquers the game of skill, you never want to learn more because you will think that you are a pro trader and you have a high skills whereas the market will always change and without learning more, you will not become a pro. A pro trader will still learning more about trading because they realize they don't have enough skill to trade and without learning about trading deeper will not give them more skills to analyzes the market.

I have almost similar experienced as you but I am not tell to a friend that I am a pro trader and only trade occasionally. I know he had many questions about how to learn trading but I tell him that I am not capable to teach him about trading so he need to find out by himself. But he can still ask something that I know but that will not be a right answer because my opinion will not be the same as other people opinion. So he need to learn more if he want to learn trading and have a good skill in trading.

It's very much simple to understand where the guy in question is coming from bro, people will mostly judge you on how you dress, looks and what kind of lifestyle you can afford, to be able to know if you are successful in what ever you are actually doing or not, because it's very much logical that you can't be telling me that you are a successful  trader and you look hungry, tattered or unkept, you don't actually have to look too expensive by your looks, but you just have to look ok to me, so in my own opinion, it's a general thing.

And as for the last paragraph, yes, it's actually true that in trading having the required skills is just not enough to be successful, you need to master how to control your emotions, while having the required level of patience in other to be successful, because knowledge on technical and fundamental analysis alone is not just enough to be successful in the craft, but being perfect is actually not possible in trading, because you will definitely have a bad day even as a profitable trader.

Trading can indeed be profitable if you have the skills, but it’s definitely not for everyone. Your friends might have been inspired by your success, but if they don’t have the necessary skills, it’s better for them not to attempt it as they might end up losing money. Many people have a wrong perception of trading. When they see someone succeeding, they think it’s easy to replicate, but in reality, it’s a long-term process.

Some people even invest in HYIPs and end up getting scammed. Your success didn’t happen overnight- it’s a result of years of hard work, learning from mistakes, and gradual skill development. Your past struggles and errors have helped shape you into the skilled trader you are today so they need to understand the process.

"It depends".
I'm right there with you: professional traders certainly don't see trading as a game.
But 99% of the traders out there (including us) are not professional traders and never will be. So for me, trading is definitely a game, just like when I play various games in the casino or place sports bets. I can win, but I know that sooner or later I will lose - at least most likely.

But it's worth the money to me and it makes me feel entertained. So I'd much rather spend my money on trading than going to the movies - I certainly don't have the chance to win anything there

Hahahhaha So tell your frennn I don't really care about the luxurious style what I care is the green PNL hahhaha, seriously tho ton of people when they hear word "finance" "crytpo" "stock" "trading" they will most likely to look at you and said you must be rich.

But in reality yes there are some people are rich from it with glamour lifestyle but there is also a people who live same like everybody else

Trading is not a game, you are not playing with your money if you are serious in financial management.

A professional trader considers it as a job, severe job because no professional trader wants to lose trading capital that is what they consider as most important. Of course they want to get profit but securing their original capital is most important. If they can defend their trading capital, they are safe and always can find other opportunities to get profit.

Game? Only amateur traders consider trading as a game and they lose money by "Playing games".

That the story of many forum member, becoming independent and developing skills over the years that make them grounded with skills that put them at advantage and in profits at all time, much more also the fact meeting up they needs and living a comfortable life, this comes with alot if sacrifice because building trading skills is not an easy task and does require long term of active trading with both good and bad experiences.

So instead wishing to be like the successful trader, I think working to build your own skills, and trading tactic will make a more independent trading mindset, cryptocurrency trading is highly technical and requires alot of skills and experience to be able to make a considerable profits.

Indeed, how good you are in trading is different from how you show off in real life, like what physical things people see to you. Some people will judge you and doubt of you being a trader because on what they see on you physically.

I also have a friend like this, he quit his full-time job like 5 years ago. and he is just trading cryptocurrency from their home, he already got his car and living comfortably. I admire him and am happy for him always as I'm the one who introduced cryptocurrency before.

I don't mean to be disrespectful mate but why not try using AI tools like grammarly, Quillbot etc that hence your grammar because I couldn't stop faulting each paragraph.

BTW, lots of people are fascinated by the internet or social media lifestyles, you too might be looking at yourself one way or the other as someone who isn't trying enough in your trading skills and profit maximisation if you keep listening to what others say or their opinion of how you should live your life. since lots of traders (influencers) show off their luxurious lifestyles acquired through trading, the internet (naysayers) only sees trading to be aligned with the luxury and if you say you trade and you ain't got lots of luxury as others you will be classified as one who is not always profiting or isn't a good trader.

And to an extent they are right too including your friend, if you're surely as profitable as other traders who show off their luxuries online you would be doing the same. So it's another reason you should up your game.

Few days back I told a close friend that I was a trader when he ask me what I do for a living? When he had me say the word trader, before I could no turn to my left I saw the look on he face...

And from that day he started watching me closely where I live how expensive it's, the car I drove, the clothes I wear, the places I eat and he also was expecting to see more of the luxurious lifestyle that was going through his head...

To me I feel if people don't see this material things of life they just make a fast conclusion which will say "You are a profitable trader without this materials" why is this so?
 
What they will never understand is that skill being the vital factor in trading isn't just enough, and also one thing a have come to learn about trading for the pass 2year is that once  you conquer the game of skill I gust you are at the top.....