Topic: Trading not a get rich quick - page 2. (Read 1409 times)

I absolutely agree with you  but if he had't been imprisoned or punished otherwise, it would have been an even worse message for other people.
On the other hand, it is difficult to consider what the term of imprisonment in prison should be, because we do not know all the nuances.
Perhaps one of the most difficult tasks for a court to punish financial crimes
I don't know what the punishment should be, what do you think?

Actually this is the first golden rule of trading: You should't use money which you can't to lose

I remember last year I connected to step-in project and there was a man who invested in the project all the money intended for the agricultural business just before the project began to fall down quickly.
Another man took a loan from the bank, too, before the fall of the project. I hope these stories have taught them something and they are not in prison now. I'm sure that there were many more similar stories but these two I remembered the most
By the word FTX founder recently had the same situation when he used other people's money and it ended badly

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.

Everything would really take up on process on which there's no way that you could really make out some shortcut on learning from it because it would really takes time and lots of effort for you to have a good hold into it on which noobs would be normally be skipping out this process and would really be thinking that this is something easy to deal on with. On the time that they would be experiencing
those real time losses then for sure they would really be making those realizations that it isnt really simple as it looks.Taking up risks on the time that you would really be deciding on touching up trading ,
doesnt matter if you are going for Forex/Stocks/Crypto market it would really be just the same.

Its true that on the time that you would really be having that a good grasps with trading then you could really tell to yourself that you could really indeed make money but of course it wont really be that
guarantee but once you do able to sustain then you could call yourself a profitable trader despite of those losses but still ends up on having gains which this what matter the most.

Trading and investing in cryptocurrencies and meme stocks should be approached with caution and realistic expectations. It is not a guaranteed path to quick wealth. Bitcoin and other cryptocurrencies can be volatile, and investing borrowed money is risky. It's important to only invest what you can afford to lose and to understand the potential consequences of trading activities. This story serves as a reminder to exercise responsible financial decision-making and to be aware of the potential legal implications of improper trading practices.

I do agree that trading is not a get-rich-quick scheme. But, it requires time, effort, knowledge, and experience to become a consistently successful trader. Although it is possible to make profits quickly in trading, but it requires the positive approach with realistic expectations and understand the risks involved.
Trading requires a solid understanding of market dynamics. Managing risk and having a disciplined approach is crucial to navigate market volatility. Trading is about assessing probabilities, not predicting outcomes with certainty. Realistic expectations and continuous learning build your confidence level and capability to take risk and make you a good trader/investor. One thing more important is that on initial level, you take by-part trading i.e small trading instead of all at once. 

Personally, trading is not promising us for getting rick quick and many time trader or investor loss their money after doing fatal mistake like investing when the moment on all time high price. But have progress with many people show us with their success achievement after investing or trading in cryptocurrency but why not ask about how much loss and how many days they have active in trading? Trading is not easy like our imagination with earn profit 20% until 40% every day, many investor loss their investment in cryptocurrency trading from investing in shit coin until unpredictable mistake with potential project collapse like Luna coin network.

Better removed mindset about trading is one way how to get rich quick, running as usually and step by step learn how to be success in cryptocurrency trading for consistent earn profit although not huge profitable.

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.

Before purchasing anything, we also need to decide whether you are investing or trading. We get confused about two things very easily.  But there is a difference between the two. Trust in the assets involved in the investment. Decided to keep them for a long time.  The risk is much lower with this strategy. On the other hand, the goal of trading is to make small profits through regular buying and selling. It takes a lot of time to become a good trader. Traders always have to adopt complex strategies. A trader has to take more risk and spend more time analyzing the market,trading platform. Cryptocurrency markets can be more volatile than conventional markets at times.

You cannot get rich quick by trading. If you trade, the profit of trading will increase gradually. If you want to profit from trading, you need to trade long term. And if you expect very quick profit, then you should choose alternative way of trading. For example, betting or gambling, which is high risk. Trading does not give anyone quick profits, it grows slowly. You need to know and understand better about trading. What are the benefits of trading, how risky is trading, these must be understood. And to know about trading market.

They will certainly lose because of the mindset that they have that they want it the quickest.

And patience, do not forget about that. When you've been into trading and you get to realize how hard it is, you'll be needing very tough decision-making because you'll need to get off some profits every time you do.
There's no space for being greedy here unless you want to stay longer and you're okay that the market will recover the profit you've made.

Market makers does pertain about those buyers and sellers in between in the market which do make out those purchases and selling out a certain coin.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.

Yes, there are ones who do make themselves as sustainable traders or making profits but this isnt something a state which everyone could be able to reach out. It does takes lots of years and tons
of trials and errors which you would really be able to experience before you do reach on.

Treating trading as a business is a game changer. Every loss is just a losing transaction. That's it. No emotions attached. You still get back in front of charts tomorrow and see if there's a trade for you. That's how you can easily find consistency in that perspective. And it's a long journey. YOu will learn more a lot from the market and more importantly about yourself.
That is when you see professional traders are great to control themselves. Because with trading, it helped them to reveal their own character flaws and overcome it. Discipline is the key, everyone knows that, but not everyone knows how. And that is the key on trading.

Trading is a professional business. Unlike most people, those who trade to make quick money or get rich quickly, often lose all or most of their money. As someone who has been trading for years, I can say that it requires a great deal of discipline and personal control.

a quick way to get rich is just patience and effort,
it doesn't matter if you trade have thoughts of becoming rich because in my opinion that is good optimism,
if the thinking is good then I'm sure learning to trade the right way will work, yes no problem, just we just have to know the reality.

Usually newbies on which they do really see that it is something that so simple that they could really be able to deal with specially when they do see online on someone on making out some profits and
seeing those charts on which they would really be having that kind of impression that it would  really be just that simple to deal with without even trying out to realize that they should do their assignment first before proceeding. Trading isnt something an activity or whatever it is will really be that so simple to make profits or money with it.

If you are really that hardheaded and would be sticking into those principles then it would be your choice but for sure you would really be experiencing that huge losses until you do realize on whats the fact.
People do usually having this kind of impression that it might be that so simple but on the time that things turns out to be on that actual dealing then along the way you would really be able to experience
the bitterness about losing money and regrets would come in place but somewhat you do eventually learn on what it is all about.

What's going on in that ex-CFO head when they invested on "so-called meme stocks"? I doubt they didn't even know the risk of that and just went with the chance of big profit if it caught but in the end it's not and pretty deserved to be honest. If you wanted to be rich then your choice was meme coins then you should consider that, even that there was a real proof that you could do that but still so many people were bankrupt because of this type of asset and many people continuously falling into this hole because they just solely looking for the money instead of the risk they should face.

It's not really gambling; some people might make profit at such a high leaverage, but it's really so risky because, with any slight volatility, your asset will just get liquidated in an instant, but when the price goes as you predicted, you will still make profit at such a low level. I know some experienced traders do use high leverage, and they do make heavy profits and heavy losses as well. Just like the big push up in the Bitcoin price, traders who pushed the sell button with such a high leaverage would really make big gains in that market. As fast as the profit counts when the market suddenly becomes volatile, that's also how fast the loss falls. You are right that profits come when people know their limits, but traders who take big risks don't mind leaverage because they seems prepared for the loss and the profit, anyone that comes. 

I really don't understand what you mean by market makers, but when referring to Bitcoin, the market is so dynamic that it's not controlled by anyone. If you also mean the exchange where future trading is allowed, since they are not in control of the volatility, they cannot determine one's loss or profit; it's usually based on the price movement. Like they can't stop you from making profit when the market is in your favor and you used a high average.

This is a common misconception in crypto or in general.
Most of the time when people found out that I am an crypto investor or trader they would say that, wow you must be rich or successful.
And for me it seems like whenever someone claims that they are a crypto trader or investor people would think that their rich, but we all know that it isn't always like that.
If being an investor or trader would instantly turn your life around then there wouldn't be poor in this world people should know it.
Just because your an investor or trader doesn't make you rich like when you have a business not every business would be successful.

The key on here is that you shouldnt really be rushing on things because if you do then you would really be finding yourself into a big trouble on which it would really be just that the reason for you to lose money
instead of earning. People wouldnt really be that patient on waiting up for too long or trying out to learning everything on one day until the reality would slap up into their faces and would really be having those realizations which it would really be that a very common scenario specially into those people who do really believe that trading is really just that simple. Trading is indeed not a get rich quick thing
and it does really needing up that long time and lots of efforts before you could be able to take a good grasps and sustainable with it specially we are dealing on a market which is really that totally
unpredictable and volatile then handling up yourself wouldnt really be that so simple on where these noobs do usually initially believe on.