Trading not a get rich quick - page 3.

Renampun

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Quote from: cloirecrom on May 29, 2023, 06:15:09 AM

trading cannot make you rich. you need big capital to get worth profit from trading.
only investment can make you rich from poor

actually, trading and investing can both give you the opportunity to become rich. what many people misunderstand is that they trade or invest without a clear strategy. they trade or invest without investment management which often makes them lose money. it's not even rare for someone to let their emotions take over which is very stupid.

trading and investing requires a strategy, there are many strategies that can be used and you can do some research to customize the one that suits you. but the most important thing is to control your emotions first, because many people fail here.

cloirecrom

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trading cannot make you rich. you need big capital to get worth profit from trading.
only investment can make you rich from poor

Inwestour

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Quote from: LUCKMCFLY on May 28, 2023, 11:39:27 PM

All these ideas come from the need of many people to make money quickly, but of course the need on some occasions they do not know how to Channel it but they turn it into the same ambition that leaves them without money, so this type of thing must be done with great moderation, because trading is not for that , trading should be seen as a business where profits are made every day or Every week and it does not matter if they are few, they must be obtained, it is the best thing that can be done on the contrary when we only seek Profits The most likely Thing is to achieve the Opposite, which is to Lose and Lose.

I believe that trading cannot be considered as a business, it is essentially a job that will require a lot of time from a person and, In addition, this is a very emotional job that requires good stress stability, so it is not suitable for everyone. And when a novice trader starts buying dubious tokens in order to quickly get rich, we know how it can end up for him. Therefore, I am not a supporter of quick ways to get rich, since this often requires working with high-risk instruments.

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Quote from: Dr.Bitcoin_Strange on May 25, 2023, 06:37:42 PM

Quote from: Jocuserious on May 14, 2023, 08:02:21 AM

Of course trading and investment both not like for rich quickly even you will gonna poor if you have less experience. Every processing is to much hard of crypto market. On time if you taken unless decision then you will face financial problem. I will prepare take to more skills about crypto market then you can expect gainer.

Those who don't have full knowledge about Bitcoin investment, trading, or even investment in general may not really follow up on some situations educationally because they lack the knowledge. Just like the trading or Bitcoin investment we're discussing, do you know that some people think that everything that concerns crypto is gambling? And in gambling, you are just there to try your luck if you can win any; that's how many people are trying to put money into crypto to try their luck if any altcoin can give them 100X or 1000X of their invested capital, and like you said, even one can end in a financial crisis if they really don't know what they are doing. Imagine someone investing a huge amount of money into shitcoins and the coin dump and never pumping again.

Trading is not a get-rich-quick scheme the way many people thought it was; let everyone learn and have full knowledge about what they are venturing into.

We need to understand that taking high leverage like 50x or 100 x is not trading but it is more of a gamble. The serious traders will never take such risks as they know that the market makers will never let them make such big profits.

Trading is only profitable when you know your limitations, your expectations and your willingness to earn slowly and steadily.

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Quote from: Pandu Geddon on May 27, 2023, 11:13:21 AM

Quote from: noormcs5 on May 27, 2023, 06:57:04 AM

How strange is that people think that trading cryptocurrency is the easiest form to make money. This is totally a misconception and many trader realise it once they start trading and are unable to make sufficient profits. Most of the traders start trading without any knowledge and when they are in loss they complain and think that cryptocurrency and trading is a fraud.

One must realize that we can make money with trading but after proper knowledge and experience and also we should remove this opinion that trading is a quick rich scheme.

because nowadays many people are interested in what they can do and make them quick to get rich in an instant. the role of social media here is also quite a lot when professional traders share the catch of some of the profits he gets. and it makes the view of some novice traders follow.
The view of novice traders seems to be very reasonable, even though it's not true but people around us will still think crypto trading is something easy to do. they will try it and then regret the loss.

The reality is that ordinary people or novice traders only see results without seeing the process which is far more important,
this is where I think the role of professional traders they have to be wise when sharing the results maybe it can be accompanied by the process,
what is clear is that novice traders must focus on learning both knowledge and skills.

LUCKMCFLY

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Quote from: ?? on ??

There are options when trading can bring profit quickly. But the question is different - can such a result be further. I don't think it's very likely at all.

All these ideas come from the need of many people to make money quickly, but of course the need on some occasions they do not know how to Channel it but they turn it into the same ambition that leaves them without money, so this type of thing must be done with great moderation, because trading is not for that , trading should be seen as a business where profits are made every day or Every week and it does not matter if they are few, they must be obtained, it is the best thing that can be done on the contrary when we only seek Profits The most likely Thing is to achieve the Opposite, which is to Lose and Lose.

Dr.Bitcoin_Strange

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Quote from: xSkylarx on May 27, 2023, 10:47:28 AM

you just need to buy low sell high on which i really recall my workmate before that she wants me to do the trading and she just want to give me money and with the profit we will be half , they way she tell me that it is easy just buy low and sell high then its profit , which makes me laugh really as she thoughts it is that simple , well for sure on where she is right she really realize that it is not the case.

Yes, buy low and sell high is one of them, just like in sports trading. Futures trading is one of them too, but non of it is very easy. Some people think that buying low and selling high is just the start of making money in trading. That was why I said some people have FOMO, which becomes high in them probably after they see a token or coin that is trading for $1 today. Maybe after they see it in two weeks, they will see that the token price has increased to $3. Then they will be like, "If I had bought these tokens at $1 each and sold them now that they are $3 each in just two weeks, I would have made some profit." It triggers FOMO in them, and before you know it, they will rush and buy a token that has just been pumped, which can take like forever before it can get pumped again. Even before someone can think of buying low and selling high, they should also know they have to learn some strategic skills to do so.

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Quote from: noormcs5 on May 27, 2023, 06:57:04 AM

How strange is that people think that trading cryptocurrency is the easiest form to make money. This is totally a misconception and many trader realise it once they start trading and are unable to make sufficient profits. Most of the traders start trading without any knowledge and when they are in loss they complain and think that cryptocurrency and trading is a fraud.

One must realize that we can make money with trading but after proper knowledge and experience and also we should remove this opinion that trading is a quick rich scheme.

because nowadays many people are interested in what they can do and make them quick to get rich in an instant. the role of social media here is also quite a lot when professional traders share the catch of some of the profits he gets. and it makes the view of some novice traders follow.
The view of novice traders seems to be very reasonable, even though it's not true but people around us will still think crypto trading is something easy to do. they will try it and then regret the loss.

xSkylarx

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Quote from: noormcs5 on May 27, 2023, 06:57:04 AM

Quote from: Dr.Bitcoin_Strange on May 25, 2023, 06:37:42 PM

Quote from: Jocuserious on May 14, 2023, 08:02:21 AM

Of course trading and investment both not like for rich quickly even you will gonna poor if you have less experience. Every processing is to much hard of crypto market. On time if you taken unless decision then you will face financial problem. I will prepare take to more skills about crypto market then you can expect gainer.

Those who don't have full knowledge about Bitcoin investment, trading, or even investment in general may not really follow up on some situations educationally because they lack the knowledge. Just like the trading or Bitcoin investment we're discussing, do you know that some people think that everything that concerns crypto is gambling? And in gambling, you are just there to try your luck if you can win any; that's how many people are trying to put money into crypto to try their luck if any altcoin can give them 100X or 1000X of their invested capital, and like you said, even one can end in a financial crisis if they really don't know what they are doing. Imagine someone investing a huge amount of money into shitcoins and the coin dump and never pumping again.

Trading is not a get-rich-quick scheme the way many people thought it was; let everyone learn and have full knowledge about what they are venturing into.

How strange is that people think that trading cryptocurrency is the easiest form to make money. This is totally a misconception and many trader realise it once they start trading and are unable to make sufficient profits. Most of the traders start trading without any knowledge and when they are in loss they complain and think that cryptocurrency and trading is a fraud.

One must realize that we can make money with trading but after proper knowledge and experience and also we should remove this opinion that trading is a quick rich scheme.

This is really funny to think that when people say trading those no experience and no knowledge people will say it is easy as you just need to buy low sell high on which i really recall my workmate before that she wants me to do the trading and she just want to give me money and with the profit we will be half , they way she tell me that it is easy just buy low and sell high then its profit , which makes me laugh really as she thoughts it is that simple , well for sure on where she is right she really realize that it is not the case.

Dr.Bitcoin_Strange

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Quote from: noormcs5 on May 27, 2023, 06:57:04 AM

How strange is that people think that trading cryptocurrency is the easiest form to make money. This is totally a misconception and many trader realise it once they start trading and are unable to make sufficient profits. Most of the traders start trading without any knowledge and when they are in loss they complain and think that cryptocurrency and trading is a fraud.

One must realize that we can make money with trading but after proper knowledge and experience and also we should remove this opinion that trading is a quick rich scheme.

Strange it is, but yeah, more than the average newbie thinks that way. And the FOMO in some newbies is usually so high that they hastily rush into it and throw away some money before they realize that it's not what they thought it was. I once had FOMO about trading, but at least I took my time to learn a few trading strategies and tool combinations before I started, and after I started, I just realized that trading is not that easy. One will encounter losses, and if you're not even very careful, you might not be making any reasonable profit. Imagine when someone is making just $5 every day, and maybe after some time, you are not satisfied with those little profits you make, and by the time you want to step up a bit to increase your profit, so your risk level toi, your capital just gets liquidated.

Anyone who is not experienced or a newbie trader should just know that there is nothing to miss out on in trading. Just take your time and learn properly how trading works, how to handle risk, and how to control your emotions. Otherwise, there will not be any profit, and even if there is, it may be just by luck, not because the person was confident that that was the result they were already expecting.

Cheers 🥂, Dr.Bitcoin_Strange 👺👺

noormcs5

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Quote from: Dr.Bitcoin_Strange on May 25, 2023, 06:37:42 PM

Quote from: Jocuserious on May 14, 2023, 08:02:21 AM

Of course trading and investment both not like for rich quickly even you will gonna poor if you have less experience. Every processing is to much hard of crypto market. On time if you taken unless decision then you will face financial problem. I will prepare take to more skills about crypto market then you can expect gainer.

Those who don't have full knowledge about Bitcoin investment, trading, or even investment in general may not really follow up on some situations educationally because they lack the knowledge. Just like the trading or Bitcoin investment we're discussing, do you know that some people think that everything that concerns crypto is gambling? And in gambling, you are just there to try your luck if you can win any; that's how many people are trying to put money into crypto to try their luck if any altcoin can give them 100X or 1000X of their invested capital, and like you said, even one can end in a financial crisis if they really don't know what they are doing. Imagine someone investing a huge amount of money into shitcoins and the coin dump and never pumping again.

Trading is not a get-rich-quick scheme the way many people thought it was; let everyone learn and have full knowledge about what they are venturing into.

How strange is that people think that trading cryptocurrency is the easiest form to make money. This is totally a misconception and many trader realise it once they start trading and are unable to make sufficient profits. Most of the traders start trading without any knowledge and when they are in loss they complain and think that cryptocurrency and trading is a fraud.

One must realize that we can make money with trading but after proper knowledge and experience and also we should remove this opinion that trading is a quick rich scheme.

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At first, I thought this was another gambling story that involve a loan, but this is taking money from the public, this is a big crime and he deserved the sentencing of 3 years imprisonment, this will serve as a big example to people that use the public money for their own selfish interests.

If this person understand crypto very well he won't dare took this path of possible destruction, I am guessing he is like many newbies that want to get rich quick, they just come up with a plan in their head, thinking it's the perfect plan.

If you must take risks the most stupid ways then at least make sure the money is your hard-earned money, do not use bring down the walls on innocent people that stay safe from gambling and focus only on hard working, at least go down the drain yourself.

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Quote from: LastKiss on May 13, 2023, 05:54:58 AM

Quote from: Rockstarguy on May 13, 2023, 03:27:55 AM

Quote from: kojektea on May 11, 2023, 02:45:54 AM

Experienced people always say that trading is not for getting rich quickly that is a true fact. Unfortunately, many beginners fall for online mentoring, or influencers who show off their trading wealth and say trading crypto coins is an easy way to earn money. the fact is beginners are more interested in it until they regret the losses because they think they can get rich soon by being in crypto trading.

I don't blame beginners having the mindset that trading can make them to become rich, most of the experience trader don't tell beginners what they are suppose to know. Experience traders only talk about things concerning trading that will attract beginners to their content that will be benefit to them. Most beginners later learn from their own experience by realising trading does not make one to become rich quick. I had the mindset of becoming rich in trading as a beginner but my experience thought me the reality of trading.

More like an experienced scammer to me since a lot of people out there promoting something that will benefit themself rather than guiding new people for trading. Everyone looking for new opportunities in this crypto market that's why not wondering many people thinking about becoming rich in trading crypto but we should able to control our greed since our greediness will turn our profit become losses in a short time.

One thing to remember while trading is to control our own greed. If one can't control his greed then he can never make profit. For a few mistakes there is a possibility of losing all the money. If someone is new to trading then good idea about trading. After that you have to trade. If you have no idea about trade, it will be better if you start trading with someone else's help.

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Quote from: Patrol69 on May 27, 2023, 12:54:43 AM

Quote from: LUCKMCFLY on May 13, 2023, 08:26:32 AM

Many people who always have the thought that things with trading will improve and that from one day to the next or in a matter of weeks they will be rich is the worst lie they can also get, also a person who does not have a high financial education can lose much faster, there are occasions where the novices simply make a tag as if it were a bet and yes, they win, but they win by luck, this is something that should not be, because that luck can end at any time and it can stay with nothing, I have seen sad Cases where that happens to many.

There are many individuals who choose trading to change their financial situation. Maybe they get to know about quick profit by trading from other person which makes them decide to trade without thinking before and after trading. Because their goal is to change their financial situation by making a trading and earning a lot of profit in a few days. As a result, even if they don't have enough money at that time, they somehow manage that money and decide to trade, but when the real experience of trading comes in front of them, they understand that trading is not so easy. And if they trade at the wrong time, they suffer a lot financially during this period.
So if we have this idea that it is possible to get rich very quickly by trading then we have to come out of this idea.

what makes a lot of people wretched is the thought that by trading it will be easy to get rich. especially for beginners which still require a long process. they only see someone's success and someone's ease in trading, without wanting to know their struggles to be able to arrive at the current condition, and this is what makes many traders experience defeat. of those who made mistakes at the beginning, there are some who want to learn and improve themselves, but most people will find it difficult to survive in the market, because they feel like fraud, even though they themselves do not master it

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Quote from: LUCKMCFLY on May 13, 2023, 08:26:32 AM

Many people who always have the thought that things with trading will improve and that from one day to the next or in a matter of weeks they will be rich is the worst lie they can also get, also a person who does not have a high financial education can lose much faster, there are occasions where the novices simply make a tag as if it were a bet and yes, they win, but they win by luck, this is something that should not be, because that luck can end at any time and it can stay with nothing, I have seen sad Cases where that happens to many.

There are many individuals who choose trading to change their financial situation. Maybe they get to know about quick profit by trading from other person which makes them decide to trade without thinking before and after trading. Because their goal is to change their financial situation by making a trading and earning a lot of profit in a few days. As a result, even if they don't have enough money at that time, they somehow manage that money and decide to trade, but when the real experience of trading comes in front of them, they understand that trading is not so easy. And if they trade at the wrong time, they suffer a lot financially during this period.
So if we have this idea that it is possible to get rich very quickly by trading then we have to come out of this idea.

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Quote from: Jocuserious on May 14, 2023, 08:02:21 AM

Of course trading and investment both not like for rich quickly even you will gonna poor if you have less experience. Every processing is to much hard of crypto market. On time if you taken unless decision then you will face financial problem. I will prepare take to more skills about crypto market then you can expect gainer.

Those who don't have full knowledge about Bitcoin investment, trading, or even investment in general may not really follow up on some situations educationally because they lack the knowledge. Just like the trading or Bitcoin investment we're discussing, do you know that some people think that everything that concerns crypto is gambling? And in gambling, you are just there to try your luck if you can win any; that's how many people are trying to put money into crypto to try their luck if any altcoin can give them 100X or 1000X of their invested capital, and like you said, even one can end in a financial crisis if they really don't know what they are doing. Imagine someone investing a huge amount of money into shitcoins and the coin dump and never pumping again.

Trading is not a get-rich-quick scheme the way many people thought it was; let everyone learn and have full knowledge about what they are venturing into.

JoyMarsha

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Quote from: SquirrelJulietGarden on April 28, 2023, 04:39:42 AM

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

Read further about it: Ex-CFO who stole $5M to trade crypto and ‘meme stocks’ gets 3 years in prison

It is another story to warn people about risk of storing their cryptocurrencies in online accounts.

From FTX & their CEO SBF, Three Arrows Capitals, etc. and some recent collapsed banks, we see that we can not trust any company which holds customer funds and how they use those funds. We don't know their activities are good enough to keep their companies and our money safely enough.

Reminder: do not keep your money in online accounts

That's the key part of your whole statement "We shouldn't trust any company that we hand over our funds to'' because they can do away with our funds when we less expect their greed to take hold of them and gamble with our money.

This is what the organization we hand over our funds to, has been doing for so long without our concept. I believe there are many others like him gambling with the mass's funds. This will serve as an example and warning to them all, that they will be caught one day. Just a matter of time

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Quote from: jaberwock on May 25, 2023, 10:23:23 AM

Quote from: Awaklara on May 22, 2023, 10:33:57 AM

it was indeed a wrong step, but in that way, I think there will be more experience to be gained from the mistake. Either way, those who go wrong with their trade will leave the market at some point in time they will also come back to trade again. but it is possible that more of them will leave the market with a bad view of Crypto.
almost all newbies to trading also have trouble getting started. but it all depends on how we face the problem and try to correct our mistakes by doing better now. We must realize that everyone's trading ability is different. and also everyone's ability to learn to trade is different.

If it's only done to gain an experience (lot's of it) then it was very wrong. We can still be able to gain an experience from our personal loss coming from our own hard earned money. Those who have lost a massive amount of money might leave and I think there is only a slim chance for them go back because they are divasted. Worse scenario can happen on them is they can end their lives.

This is why it's advisable for us to use only amounts that we can afford to lose but I salute those who can endure the pain and return to be a better version of their selves. Hopefully, they can now earn consistently and be net positive in the long run.

Always be having on mind that whenever you do deal up something and if it does need up some funding or simply have that money then always consider on investing or using up the money which you can afford to lose.

Dont be that kind of guy who do have that kind of all-in kind of behavior on which you would really be believing deep inside that it would really be simple or something that you could be able to handle or believe that you could really be that profitable on just via watching others on how they've done it but on the time that you are the ones been doing it, then this is where things turns out to be shit as you would be able to realize.
There are indeed people who are getting wrecked just because they dont have able to set out those precautions and made out some huge capital on their first try.

We know t hat it would be normal that once we do make ourselves able to deal up on something new then mistakes and errors is really very that common but there is really that kind of behavior
on which we are really that confident that we could do it until the reality slaps you hard and made out those realizations afterwards.

Obari

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I'm so sorry for him and I'm sure he never budgeted this tragic end just as no one ever gets into a business expecting to make any loss but funny enough, the losses are inevitable but greed is a factor that seems very difficult to fight and overcome because it comes with alot of promising offers that will end up slowing you if you ever give in to it.
I'm sure he must be weeping in deep regrets on how he would have turned down the offer that day but I'm sure he only imagined all the rewards he could get if he uses the money and how he could possibly get all his dreams but it ended up this bad for him.

I hope we all learn one or two lessons from this stories and try not to let greed get us into anyone time regrets and only use money we can afford to lose.

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Quote from: Awaklara on May 22, 2023, 10:33:57 AM

it was indeed a wrong step, but in that way, I think there will be more experience to be gained from the mistake. Either way, those who go wrong with their trade will leave the market at some point in time they will also come back to trade again. but it is possible that more of them will leave the market with a bad view of Crypto.
almost all newbies to trading also have trouble getting started. but it all depends on how we face the problem and try to correct our mistakes by doing better now. We must realize that everyone's trading ability is different. and also everyone's ability to learn to trade is different.

If it's only done to gain an experience (lot's of it) then it was very wrong. We can still be able to gain an experience from our personal loss coming from our own hard earned money. Those who have lost a massive amount of money might leave and I think there is only a slim chance for them go back because they are divasted. Worse scenario can happen on them is they can end their lives.

This is why it's advisable for us to use only amounts that we can afford to lose but I salute those who can endure the pain and return to be a better version of their selves. Hopefully, they can now earn consistently and be net positive in the long run.

Topic: Trading not a get rich quick - page 3. (Read 1409 times)