Topic: Trading not for everyone! - page 11. (Read 2989 times)

If they don't have that knowledge better to stay with long-term type of assets, it's better to hold while learning the process. It's not an easy
journey as there are many factors that may affect you when you are dealing with trading.

As newbie, it's always a big puzzle when to buy and when to sell as there's always a quick fluctuation that will really hurt your investment
when something unexpected happens, you might sell at the wrong time as you think that you will lose everything.

However, we are all aware that this job is a very risky job, and we need income from elsewhere to keep us on a steady income. Trading does have great potential to increase our finances, but the opposite also applies. Because of this, there is a lot of advice from people who have been in trading for a long time such as using money that doesn't change our lives when it is lost, or this is work with a high level of patience, or this work is done by conducting analysis and a deep level of research. . Very many people who don't meet the requirements try it and fail. therefore, this job is not for everyone.

It is a risky job if you treat it as your main job. There are real life traders and they know that doing this as their main source is hard.
But with experience that they've gathered all over these years, the risk seems to be cute to them anymore because of that built up that they've gone through.
I agree that for newbies, it's best for them to stay as holder first before they commit into a real life day trader. They also have an option to remain investors and holders.

Failure shouldn't be a reason for us to give up, however, I don't recommend newbie investors to get into futures trading right after entering the market because it is extremely risky and only those that have a lot of knowledge and experience about the market can actually get success in it. So someone who is just starting their journey with cryptocurrencies should start with the spot market where they can buy and sell cryptocurrencies without leverage and margins, etc.

And even for starting with spot market, one needs to gather enough information and knowledge so that they don't invest their money in the wrong cryptocurrencies. So, it's always important to first learn the basics and then get into the practical work, especially if you are entering a financial market.

Would really takes time and tons of effort on making yourself do able to sustain this unpredictable space and not all would really be having that courage and perseverance on dealing up with this market for too long specially if you are that someone who arent prepared nor not really that ready on facing a volatile and unpredictable market. Dont make yourself that easily give up just because you are really that struggling on things which it would really be just that normal that you would really be facing up those challenges because if this market or trading is really that simple to deal with then all of us would really be that rich by now already and would be commonly be trading just because it does really give out that kind of sure opportunity on changing our lives for the better. I do somewhat agree on some comments on here on which there are really things which arent meant for us no matter on how hard we do try and it did take a long time but still ending up on negative results on which it is really that something that would really be that normal but making out adjustments will really be your part on doing so and wont be easily be giving up and this is where some people do keep on going on and continuing despite of those conditions which does really shows that they are really that serious on dealing with this market.

Crypto trading is risky work you will ever do In my view you have to take steps very carefully and wisely. If you are a newbie and want to invest and you have no experience we suggest that you follow the path by buying and then holding for the correct time. You have no care of market fluctuation either it's up or down you just leave your fund for some time. Another is to use DCA in which the risk of losing your assets is very low and you can add funds on a weekly or monthly basis and then wait for the bull market, When it comes then sell your assets it will give you more profits.

Trading is certainly not for everyone especially since the numbers show that only 1% of traders are actually profitable  

But then again skills like trading aren't airdropped at any of us... Someone has to practice, fail , practice again until they master this art and it all starts from being a beginner in this art regardless of the outcome. Besides the road to success is sometimes through failure, and giving up because you failed once shouldn't be the reason for not giving it another try, but should trading negatively affect your health, and financial wellbeing then it is a valid reason to give up!!!

Agreed, it's not always the majority that gets to make the right decisions...sometimes it's about defying the odds to go for what works for you 

nice advice for new traders, they come to trading thinking, i will make 5%-10% profit per day by using leverage, but in trading very low percentage of people can make profits consistently,
beginners used to think i am too smart i will win from the market but they blow their accounts many times, and do not take the truth that trading is not for them, some go in depression after losing so much money,
and wasting their time. it's better to hold for long term it will be more profitable then trading.

Trading is meant for everyone who knows or understand how to do it, it has its own way of doing it if we understand how to trade, it's interesting and easy to learn, everyone can learn to do it if we think we can cope while learning and also take the risk involved, trading is not a means of letting us loose our money, we only engage in making trades to exchange currencies and pairs and predict the market, also on the same view, we are to understand that trading is not gambling, trading is an investment even though we are taking risk in doing it.

That last statement values the most. Having good analytical skills and being keen on learning more will give you opportunities to earn from
this venue of investment, not for all but with your determination, your chance will be good.

It's more about how you take the risk and how good you are in understanding every situation that the business will bring you.

Not for someone who got the kind of mindset that it's a quick way to earn money and it will change your life if luck permits.

It's just a matter of choosing which one is suitable, trading or long-term investment. Having large capital is one of the plus points that can be utilized so that you can enter into any project. Buy bitcoin and hold it or make quick trades on high volume altcoins. Benefits can actually be obtained from anywhere. If I have large capital then I will do some trades and also buy bitcoin and Ethereum for the long term. it is quite comparable and trading also requires good analytical skills. Stay away from trading if you don't have basic knowledge or reliable analysis.

People don't have any concept but wish to be successful as a findings of which the success become very hard for them. Trading does not necessarily gives you worthy results so try to go in for learning about trading whether you become a part  of it or not because this learning will provide a base for your success when the state of affairs will against you.

We can invest in bitcoin without any thoughts related to defeat but in case of other altcoins we have no idea that how long it will be present in crypto space therefore do not think that investment is safe as investment is risky too but we can reduces this risk by choosing one of the best coin.

Yes that's right because the point is back to each of us who run it, any investment that looks like very profitable but still everything is the same, I mean you need a lot of good plans and also as you said the most important risk management, because it's useless even though for example you really believe in the benefits but you don't have self-control or proper risk management such as always installing stop los and also take profit it's the same the end result might be worse than you imagine. Especially as I said before that the market moves very volatile and it is almost impossible for us to predict 100% accurately there, okay now you might be for but a few hours later your position could be reversed, and that's the real risk. So yes with good planning it will be able to balance our profits and losses, but well like generally they are definitely more likely to increase their profits than losses in the way they can. I hope you succeed there, and do it consistently.



Well this is the main point, if you have a large capital and choose to allocate your capital for bitcoin investment compared to trading as in general it may be true that it will take a long time until you can get a big profit in the future, and the point is whether you can wait patiently or not. On the other hand, in my opinion, patience is not only needed to wait for profits from bitcoin but maybe other types of investments are the same,
if you have full patience and are also based on good planning then surely the results can also be in accordance with expectations.

To do crypto trading we need to have a good idea about the crypto market. Crypto market is in a lot of dumping now. Now we should invest in all altcoins including bitcoin. But if we can invest in some good coin for long term it is very profitable for us.  But while trading, we always have to be patient and understand the market condition, then we have to buy the coins and sell the coins at the right time.

Of course, when we trade with no proper knowledge and lack of skills, probably will end up with loses. Trading requires good knowledge and skills, it is the basic thing needed. Without them, trading will be almost the same as gambling because nothing to rise the chance for the success. Gambling with a random way probably has no clear goal, we seems like only trading by relying on the luck only. If we rely on the luck, there is nothing different with gambling.

Indeed. There will be no success if we don't want to spend time for learning. Success in trading can't be achieved instantly, it needs time and process. Be an experienced trader first if we want to expect for success. 

Futures trading = gambling i should say!  

Trading isnt for anyone on which only to those who could really be able to sustain themselves on dealing with this volatile market could really be able to last that long or years but it doesnt mean that you should not try.
This is why people would really be that persevering on trying out trading but most of the time on the moment that they do start up on which they are really having those kind of impressions that its just that easy
but as said that not all who do decide on making trades do really end up on having a positive kind of career on which there are really that those who quit up because they cant just bare up the volatility which this isn't a shocking thing i should say.

Trading is hard, trading does involved emotion and psychological specially on playing with market volatility.If you are a type of person whose really that not good with these aspects
then this market isnt for you but well you would be finding out for yourself personally on the time that you do make out some trades.

We can compare gambling with futures trading. Spot trading is generally not like gambling, spot trading is like normal investing. 

In futures trading there is a liquidation limit if the market ever reaches below or above the liquidation then you will definitely lose your money in a moment. Liquidation depends on how many times you are trading for profit. The higher 'x' you take futures trading the lower your liquidation will be and at some point you will lose your money due to market volatility. We can directly compare futures trading to gambling because of the possibility of losing money in an instant. 

Futures trading is very risky so it is not suitable for a common investor. A common investor can initially start his journey through spot trading.

Life as a whole, not only in trading. It is advised not to follow the crowd because what appears to be effective for Mr. A could not be effective for Mr. B. It's always a good idea to stick to what you're good at.
In other words, trading is not for everyone. Do what works for you. If it is to invest in bitcoin for a long time profits do it. At least it is far better than engaging in trading when you are not 100% sure of its profits-making per day, not to talk of the emotional trauma to face when you lose your money out of greed or following the wrong signal

It's fine to trade or invest huge capital but you also have to make sure that you're willing to deal with the possible risks as you know that the volatility of the market is really unpredictable and even professional traders fail as well. You have to make sure that you could afford to lose the capital that you will be using because that's how trading and investing works.
However, if you seek assurance, you could pick Bitcoin but it will take a long run before you make a huge amount of profit out of your capital. It will surely be challenging and it really need patient but what important is you're willing to take the risks and you are knowledgeable about how trading and investing works.

Well that makes sense, if you do have a large enough capital there is nothing wrong if you want to divert that capital to other alternatives such as buying bitcoin in large quantities and getting a lot of profit in the future. According to some people maybe this is a very good alternative with large capital, I'm not saying this is a bad choice but don't let you come because of the huge profits that exist in bitcoin, or because you see many professionals who have benefited with large amounts. In my opinion the market is still the same and all markets, especially in bitcoin, also move very volatile and with this it could be in addition to large profits but you can also lose large amounts of money. it is very possible, so that means that large profits will always be followed by large risks too, whether it's in bitcoin or in any asset you think looks attractive.

But yes if you really like it then go ahead because there is no prohibition whatsoever that prevents you, but I hope you will remain firm with the plans that you have made carefully, and still always have good risk management so that your losses do not exceed the amount of your profits.