Trading not a get rich quick | Bitcointalksearch.org

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Quote from: ItsCrafty on June 11, 2023, 03:24:31 PM

Quote from: Wiwo on June 11, 2023, 10:34:24 AM

I think that those who come into trading with the idea that trading will easily make them rich in a few days, trading is not really for them. Effort, time, and patience are essential to be successful in every where, and it is also in trading. But if we look in reality then most of people are come to trading with the intention to get some quick money. And those who can move away from this idea and actually gave there effort those can be successful at the end

I think those people who come with such idea have some psychological issue. To become a consistently successful trader, however, time, effort, expertise, and experience are required. Though it is possible to earn quick profits in trading, it requires an optimistic attitude, realistic expectations, and an understanding of the risks involved.
Trading demands a thorough understanding of market conditions. Risk management and a disciplined planning are essential for navigating market volatility. Trading is about evaluating probability rather than predicting events with certainty. Realistic expectations and ongoing learning increase your confidence and ability to take risks, making you more successful trader/investor. More importantly, on the initial stage, you conduct by-part trading, i.e. small trades, instead of everything at once.

We need to have the impression that we can not continue making consistent profits from the market, there must be a time when we are going to be making loses too. This profits we are making in the market are others traders loses so we need to prefer for when we are going to give out for loses too. This happens to every traders whether you are pro trader or a newbie. We need to lose too for the market valuation to be balance and it is necessary. To keep up as a profitable trader, we need to improve the way we trade and ensure that we keep learning even when we are making profits.

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Quote from: Wiwo on June 11, 2023, 10:34:24 AM

I think that those who come into trading with the idea that trading will easily make them rich in a few days, trading is not really for them. Effort, time, and patience are essential to be successful in every where, and it is also in trading. But if we look in reality then most of people are come to trading with the intention to get some quick money. And those who can move away from this idea and actually gave there effort those can be successful at the end

I think those people who come with such idea have some psychological issue. To become a consistently successful trader, however, time, effort, expertise, and experience are required. Though it is possible to earn quick profits in trading, it requires an optimistic attitude, realistic expectations, and an understanding of the risks involved.
Trading demands a thorough understanding of market conditions. Risk management and a disciplined planning are essential for navigating market volatility. Trading is about evaluating probability rather than predicting events with certainty. Realistic expectations and ongoing learning increase your confidence and ability to take risks, making you more successful trader/investor. More importantly, on the initial stage, you conduct by-part trading, i.e. small trades, instead of everything at once.

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Usually, if a person considers trading as an option for making quick money, he gets a quick loss. Practice shows that more often it works in this way.

as long as he is a professional in the trade, it is acceptable. because there are indeed day traders who can benefit in a short time. but it doesn't make you rich in a short time.
Such thinking will only exist for someone new to crypto trading. Even with big capital, when he doesn't have skills, it will only make their money run out.
some people who are experienced in investing also put their money when the market is in a downturn. and wait a bit in short pump conditions and then profit from the situation. this is possible to do but quite difficult for a beginner to do.

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Quote from: etherealMatt on June 11, 2023, 08:04:59 AM

Trading can get you rich quick
Just need to deploy bot to do your work even when your are not available.

I used trading bot and made profits out of it and still use it.
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My guy lost huge some amount of money in the name of using trading bots, Some bot used to work at the beginning but when it gets at some point things begins to fall apart.

Quote from: Oshosondy on April 28, 2023, 02:42:22 AM

This is another sadden story again about someone that just supposed not to trade crypto and meme stocks. Trading and investment is not a get rich quick. Meme stocks trading is like gambling. Coins like bitcoin may be promising, but what if you invested at $50000, bitcoin price now at $30000. Bitcoin will get to all-time-high but not good to use the money that is not yours.

I highly discourage the idea of people borrowing funds to trade or investing a borrowed fund, let alone trading without their own money. Trading involves risk and that risk should be taken just with your own money and not just any money but basically the amount of money that is losable to you, in order to be able to bear the loses you may incur. In case where you want to manage other people's account you must have become a professional trader to do that.

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Quote from: |MINER| on June 10, 2023, 03:10:01 PM

I think that those who come into trading with the idea that trading will easily make them rich in a few days, trading is not really for them. Effort, time, and patience are essential to be successful in every where, and it is also in trading. But if we look in reality then most of people are come to trading with the intention to get some quick money. And those who can move away from this idea and actually gave there effort those can be successful at the end

How can such a risky venture which requires a lot of calculation and position studying will be seen as a get-rich scheme, no wonder many of them have a bad experience with gambling since they already build the mindset of hitting the jackpot thereby forgetting all the fundamental steps that are involved in trading for a successful venture.

Trading is like every other business there for it requires time and knowledge in the area to make a good profit and minimise losses

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Trading can get you rich quick
Just need to deploy bot to do your work even when your are not available.

I used trading bot and made profits out of it and still use it.
I can sell trading bot to help you generate profits.

Contact for the bot and its setup guide
WhatsApp: +15512770297

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Most centralized exchanges also follow the same method, they take investors' money and trade it on the stock market. Regulatory laws enacted by the government must take into account a very important point, namely the need to force platforms to separate company funds from user funds, otherwise we will continue to witness more such cases.

This also applies to investors, they should learn to put trading money only on the stock exchange.

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Usually when a person is just looking for a reason to become rich, while - without investing anything in himself and his knowledge - this does not have a result. It is worth understanding that wealth is not just words. This is the result of hard work.

The path to quick rich is not trading and is not holding, anyone seeking to get rich as quick as possible always end up in scammers hands. To be rich through trading requires a lot of time and practice over and over again, the losses and the profit over time will make new traders becomes expert even without margin trading, but sadly that is what some people think will get them rich quickly. However, Trading might be a lucrative business for some traders that are expert in it but I prefer to see hold a coin than trade it, traders don't have to bother about loss when they also hold coin if they don't sell it.

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Quote from: Dr.Bitcoin_Strange on April 28, 2023, 03:03:59 PM

There's no need to even tell them to go ahead with it; it's just good to give them some guidance by telling them the simple truth about trading. It is good to let them know that if they don't learn and familiarize themselves with the trading tools, strategies, and rules, they may not even make any profit, even before considering it a get-rich-quick scheme. There is a guy I am aware of who makes about $100 on a daily basis from his trading; at times, he even makes more profit than $100. So I can say that trading can really give someone a more frequent income, but that doesn't mean they don't sometimes lose money. learning how to become a successful trader doesn't just happen so suddenly.

I tend to think that it is better to make fewer transactions, and not focus on daily earnings, but wait for a favorable moment for a transaction. Waiting for market drawdowns like the one that happened yesterday is more like medium-term trading, but it's the way it works for me. I do not try to calculate how much I managed to earn on average per day, because for me only the final result is important, the amount that I managed to earn.

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I think that those who come into trading with the idea that trading will easily make them rich in a few days, trading is not really for them. Effort, time, and patience are essential to be successful in every where, and it is also in trading. But if we look in reality then most of people are come to trading with the intention to get some quick money. And those who can move away from this idea and actually gave there effort those can be successful at the end

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Quote from: shivansps on June 06, 2023, 07:56:51 AM

I don't think he'll rot in jail, but he'll have to spend some period there.
The worst thing is that he cast a shadow over the whole crypto world with this act. A lot of people don't really trusted it before and especially after that.

Although not rotting in prison I hope he receives a fitting punishment.
Maybe get some welcome gifts from other prisoners.

Quote from: shivansps on June 06, 2023, 07:56:51 AM

I agree with you that you must be smart, have experience in trading, constantly improve your skills, be patient and self-disciplined, but this absolutely does not guarantee that you will be successful in trading. It's increasing your chances, but not give a guarantee. You used the word "luck". I'm talking about it

FTX has been the cause of all the drama lately, making the crypto world even more shunned, but also giving everyone the realization that no CEX is safe even if they are at the top of the rankings.

Luck is a phrase that might be different for everyone. Luck will only come for those who dare to take risks even though there will be no guarantees.
Experience and good trading skills will be the basis for the luck to come.
Trading is not a way to get rich quickly, but a gateway to wealth, and also investment is the best way to grow wealth.

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Quote from: rozak on June 06, 2023, 09:15:44 AM

Quote from: shivansps on June 06, 2023, 07:56:51 AM

I agree with you that you must be smart, have experience in trading, constantly improve your skills, be patient and self-disciplined, but this absolutely does not guarantee that you will be successful in trading. It's increasing your chances, but not give a guarantee. You used the word "luck". I'm talking about it

at least becoming smart and experienced in trading will take time. no one instantly becomes a professional trader. meaning that those who become professional traders are not without the risk of loss. but they can minimize the risk of loss with the experience and skills they have. so the opportunity to profit will be greater.
I wouldn't say trading is a part of luck. those words are only used to be modest because they don't want to be called professional.

I believe some newbies still see that cryptocurrency market as a place where they can make quick money from and make themselves earn more. Trading is one of the important aspect of crypto where we can make fast money if we know how to trade to earn more from the market.

Apart from trading, there is no other way we can make money in the crypto market that can give us a fast profits. Investing in different coins is very risky and we need to know that but making the right choice can give us fast profits if we know how to recognize good projects that have the possibility of hitting 10× to 100× to give us a quite an huge profits.

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Quote from: wajik-tempe on June 06, 2023, 10:57:13 AM

Quote from: rozak on June 06, 2023, 09:15:44 AM

Quote from: shivansps on June 06, 2023, 07:56:51 AM

I agree with you that you must be smart, have experience in trading, constantly improve your skills, be patient and self-disciplined, but this absolutely does not guarantee that you will be successful in trading. It's increasing your chances, but not give a guarantee. You used the word "luck". I'm talking about it

at least becoming smart and experienced in trading will take time. no one instantly becomes a professional trader. meaning that those who become professional traders are not without the risk of loss. but they can minimize the risk of loss with the experience and skills they have. so the opportunity to profit will be greater.
I wouldn't say trading is a part of luck. those words are only used to be modest because they don't want to be called professional.

you're right, professional traders strive to showcase the effort they have put into their art by highlighting the value of competence and experience. It is not a sign of modesty; rather, it reflects the devotion and hard effort necessary to attain constant success in the trading industry. They recognize that chance alone cannot ensure long-term success and that continual development and learning are critical to being competitive in a constantly changing market context.

Which do means that it would really be needing that ample time and effort for you to reach out a certain state on which you can really call yourself as a trader.This isnt really that get rich quick thing on which you

would really be might seeing lots of results been posted on social media but the truth of those post about those gains arent something that simple to be done when you are actually on the actual market situation.
If you are a noob then you would really be having that kind of impression on which money making with trading would be simple but on the time that you would really be making trades on yourself
then you would definitely tell that it wont really be that so simple and something that hard to understand.

Trading is something that talks about selling and buying on which it would really be just that normal that being unpredictable and volatility would be the main thing that you would be needing
to face on.

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Quote from: shivansps on June 06, 2023, 07:56:51 AM

I agree with you that you must be smart, have experience in trading, constantly improve your skills, be patient and self-disciplined, but this absolutely does not guarantee that you will be successful in trading. It's increasing your chances, but not give a guarantee. You used the word "luck". I'm talking about it

Patience is very important for success everywhere. A person cannot reach his destination until he can persevere. Success in trading requires both patience and experience. But there is a trend among the newbies that trading can lead to good things quickly. But this idea is completely wrong. It is not possible to make good money from trading without knowledge and experience. Even though many have good knowledge and experience but they fail in trading business. Sometimes despite everything, a trader may be exposed to losses that many would consider about luck. So one should not get involved in trading with the aim of quick rich.

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Quote from: rozak on June 06, 2023, 09:15:44 AM

Quote from: shivansps on June 06, 2023, 07:56:51 AM

I agree with you that you must be smart, have experience in trading, constantly improve your skills, be patient and self-disciplined, but this absolutely does not guarantee that you will be successful in trading. It's increasing your chances, but not give a guarantee. You used the word "luck". I'm talking about it

at least becoming smart and experienced in trading will take time. no one instantly becomes a professional trader. meaning that those who become professional traders are not without the risk of loss. but they can minimize the risk of loss with the experience and skills they have. so the opportunity to profit will be greater.
I wouldn't say trading is a part of luck. those words are only used to be modest because they don't want to be called professional.

you're right, professional traders strive to showcase the effort they have put into their art by highlighting the value of competence and experience. It is not a sign of modesty; rather, it reflects the devotion and hard effort necessary to attain constant success in the trading industry. They recognize that chance alone cannot ensure long-term success and that continual development and learning are critical to being competitive in a constantly changing market context.

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Quote from: shivansps on June 06, 2023, 07:56:51 AM

I agree with you that you must be smart, have experience in trading, constantly improve your skills, be patient and self-disciplined, but this absolutely does not guarantee that you will be successful in trading. It's increasing your chances, but not give a guarantee. You used the word "luck". I'm talking about it

at least becoming smart and experienced in trading will take time. no one instantly becomes a professional trader. meaning that those who become professional traders are not without the risk of loss. but they can minimize the risk of loss with the experience and skills they have. so the opportunity to profit will be greater.
I wouldn't say trading is a part of luck. those words are only used to be modest because they don't want to be called professional.

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Quote from: taufik123 on June 05, 2023, 01:38:55 PM

Quote from: shivansps on June 05, 2023, 09:12:38 AM

-snip-
By the word FTX founder recently had the same situation when he used other people's money and it ended badly

It was a stupid act committed by the former CEO of FTX. using other people's money without permission is a criminal act and this is fatal for everyone.
He will probably rot in prison and has no assets anymore. Getting rich quickly in crypto can be very easy and very difficult, depending on how smart you are in managing crypto and how much luck you have.

I don't think he'll rot in jail, but he'll have to spend some period there.
The worst thing is that he cast a shadow over the whole crypto world with this act. A lot of people don't really trusted it before and especially after that.

I agree with you that you must be smart, have experience in trading, constantly improve your skills, be patient and self-disciplined, but this absolutely does not guarantee that you will be successful in trading. It's increasing your chances, but not give a guarantee. You used the word "luck". I'm talking about it

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Quote from: Dr.Bitcoin_Strange on June 01, 2023, 11:46:17 AM

Quote from: Mahanton on May 31, 2023, 05:49:28 PM

When it comes on choosing in between spot and futures trading then it would really be that understandable that risks is higher with higher leverage trades compared into those who do make out spot. It is really that according into someones choice which one they would really be engaging into because there are ones who could really be able to bare up with the risks and there are ones who couldnt really be able to do so because it is way too risky.Trading is indeed not a get rich quick thing
and newbies are the ones who do only mind off about getting rich with trading in short time basis which we know that it cant really be that possible.

You are right. Personally, I see sport trading as being less risky compared to future trading because in future trading, with a very high leaverage, if the market becomes so volatile, your asset gets liquidated. If you also apply a little leaverage, when the market still gets volatile, your asset will gradually liquidate. If the person doesn't have enough assets and the market keeps getting volatile in your opposite market position, your assets will continue to liquidate, and unless you cancel out, you may end up losing all your assets. In sports trading, if one buys a token or coin and the price drops, there is likely a possibility that the coin price can go up again and you will still have your coin to sell, not like in futures trading, where your assets melt away. Although new traders have the choice to choose the aspect of trading they want, I feel there is more FOMO among newbies about futures trading than sports. Just my guess, though.

I do even see that futures or high leverage trading is really that a gamble and this is where newbies do really love on which they do love on seeing quick profits but at the same time they didnt realize that losing their capital or blowing up their account is really that so simple with futures trading and this is why its never been that right to have this kind of approach towards it on which it is really very a risky thing to be done.
Trading isnt something that you would be able to succeed if you dont able to pass lots of trials and errors or simply its not something that you could easily deal with and it does take lots of time and effort
for you to have a good hold into it.This isnt just some fly by night thing on where you do have that kind of approach on believing that this is really some sort of quick rich thing.
You would soon realize these things on the time that you would really be having that kind of situation that would be facing on.

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Quote from: Dollar_Hunter on June 05, 2023, 08:22:13 AM

Don't think about getting rich quick when trading, because that can affect the results you will get,
because if you want to get rich quickly, of course the profit you have to get must also be a lot and the method is by using Leverage x100,

Being quick in getting rich is gonna have yourself fall into losses. That's guaranteed because you're not in the right process for which we know that trading like that is quite hard.

Quote from: Dollar_Hunter on June 05, 2023, 08:22:13 AM

if you are reckless then you must be prepared to bury your dreams you to be rich.

Or if you want to have it the slow way and that's a better thing because you'll hit targets slowly but surely. And even it's gonna be hard and slow, at least you're not in a hurry.

We know that everything that goes in a hurry is not ending well if it's about making money.

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Quote from: Dollar_Hunter on June 05, 2023, 08:22:13 AM

Don't think about getting rich quick when trading, because that can affect the results you will get,
because if you want to get rich quickly, of course the profit you have to get must also be a lot and the method is by using Leverage x100,
if you are reckless then you must be prepared to bury your dreams you to be rich.

Using x100 leverage is an instant way and it may seem like gambling. If you are lucky and in accordance with the prediction, there will be a lot of profit (depending on the capital too), if the price prediction does not match then get ready to be liquidated.

Quote from: shivansps on June 05, 2023, 09:12:38 AM

-snip-
By the word FTX founder recently had the same situation when he used other people's money and it ended badly

It was a stupid act committed by the former CEO of FTX. using other people's money without permission is a criminal act and this is fatal for everyone.
He will probably rot in prison and has no assets anymore. Getting rich quickly in crypto can be very easy and very difficult, depending on how smart you are in managing crypto and how much luck you have.

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