Topic: Trading not for everyone! - page 12. (Read 2989 times)

I think if we are talking about large capitals, then it is no longer about trading, but about investing. If I have enough money that I can be financially independent, then I will not waste time on trading, I will just buy bitcoins and wait for the bull market and think that the profit I will make will be quite large, compared to what I I could make money in trading and at the same time I didn’t waste my time on trading, I just did what I liked. This is the advantage of large capital.

Why would you wanna have someone else trading for you when you can do that yourself by devoting your time and mental energy to learning how to trade yourself. Considering the risk of falling into a fraudulent trading company that can disappear with my money is what I can't live with.

Another thing is that, it's a fallacy to believe that those with bigger capital makes the most profit out of trading. Your profit does rely on the amount of capital but on your strategy, skil based on experience. There are whales that have lost their million to trading due to wrong strategy and analysis of the market before execution .  Trading isn't about luck, 99% chances of you making profits in trading heavily depends on your level of trading skill and experience, while the 1% is left to luck maybe.

DCA doesn’t really mean you taking advantage of the dip. Yeah, you could DCA when the market dips but, it ain’t limited to the dip. In fact, one can even DCA at an ATH.
DCA bridges the gap between having a specific timing to increasing of your portfolio. It keeps you off the charts to find the best price but, makes you an opportunistic investor who is dependent on what funds is available to invest in between at any time your finance allows.

It is good to buy and hodl but, not overly waiting on the dip to do that. You could always buy wherever and whenever.

Trading is still sending a lot more home today but most persons choose not to see that. Some just needs to find out the hard way why others are just being wrongly motivated by not knowing when to quit. Just hope there life don’t get ruined and they get to put the blame on cryptos before realizing when or where they took the wrong decision.

Crypto trading requires a lot of patience that not everyone has. Those who do not have patience will never be able to stay invested. Impatient people think everything will go their way and that too quickly. Impatient people or those traders who can't risk money will never think about losing money, they will just wait to take part of the profit from the market, but whenever they lose money, they will become very restless and monitor the market from time to time and many times. They will think too much so that their brain will signal them to sell the investments and they will sell their investments even in the condition of loss, as a result of which it will be seen that in every investment they have lost more money than profit. To avoid this loss we must have a lot of patience as well as the ability to take risks.

Patience is the biggest key in crypto trading. Because one who has no patience and who panics very quickly and in this case he cannot hold crypto for long and that's why he never achieves anything big. Cryptos are capable of delivering profits quickly but this rarely happens. Everything has a circle that needs a certain time to complete. so patience is also required in crypto trading. No one can succeed without patience be it in crypto or anything else

If we have a good capital, we can earn a good profits from the market even though we don't know how to trade. The are companies that trade for people if we know the genuine because there are many fake trading companies that can promise heaven and earth and still do away with our money. Capital is one of the things that help a trader to earn more from the market especially if our Capital is huge.
 Those who trade with bigger Capital tend to make big profits from the market if they are always profitable but if luck could not jam them then loses can be incurred.

Crypto trading need of huge patience in the trade,their may be huge fall in the crypto price.The fall favour all the good or bad coin in a same way in the bear market.If you are not ready to hold at the bear market,you can quit trading now.No need to worry about the bear market,every thing can be recovered in the short period.if the trader had enough money,he can initially do the passive trading.Then analysis the market movement for the period of six months.If the market is fully analysed by the trader,he can rule the next six month of trading.

If you have capital, then perhaps it will help you gain the necessary experience through practice, but this will not add much knowledge, and you may have to spend almost everything you had on it. Even if luck helps you make a profit in several trades, then in the long run everything will fall into place, since luck alone is not enough in trading to achieve good results. Ultimately it will all come down to the fact that successful trading requires very good knowledge, without knowledge it will almost certainly be a waste of your time and money.

Those who trade without any knowledge leave the profit to their luck. And anything that depends on luck is considered gambling. Trading is a type of business. Only digital coins are bought and sold here. and in business any physical product is bought and sold. a person needs to adopt various new strategies and have a good knowledge about business to be successful in business. these also require to trading. A person who depends on others and only continue copy trading ,and has no own knowledge about trading. he/she can never successfull on trade. and if successful then it is due to his luck and this matter can be considered as gambling

For something not to be guaranteed a chance mindless of how many years of training, study and experience you must've covered in that field then it can't be said of that thing to be overrated it therefore deserves the flagging it's is giving by the crowd.  The overrating giving to trading is what sends the red signals to newbies that it is not something that you can move in overnight and start making profits as they might think. Gambling don't require years of studying to be in profit as a gambler all you mostly need is luck, and this is not what is found with trading that's why it merits the overrating it gets. Don't you think so?

Its true trading is not for everyone .Especially when you are a newbie you have to learn more thing concern trading .Usually trading is a platform where you can get profit when you have more experience behind it .Even a professional trader can make losses so that you have to be more careful when you are mostly new here .Usually its happen when a newbie enter on the marke and see up and down, if he/she get a profit for the first time he/she think he/she can earn a lot from this market gradually he/she lost his everything .So like you i also wanna suggest you to follow the market try to learn each and everything for all of the source you have and after getting a good experience start with a small fund .If you don’t have much patience and not to keen learn then you can go with DCA .Hopefully you can earn and not loose all of your fund .Just remind trading is always risky DYOR.

The kind of feeling some people have towards trading, they feel too entitled to get gain in trading so far as they have the capital to start trading, they just have the believe that they  do not need knowledge to start, they can start and make profit with trying by luck. Trading is complicated no doubt about this, to get used to it and overcome lose it is very necessary to acquire knowledge because their is no way profit can be  made in trading from luck. It is easy to  lose money in trading when their is no knowledge to do trading, it is important to seek for knowledge first before entering the  market.

Having better understanding can give you good chance to earn from this venue of business, unlike without any knowledge about
trading your chance is really slim compared to that chance of getting wrecked out.

Trading is for people who have that patience and better understanding of situational awareness.

You just can't place your investment without knowing how the business works, as there are many factors that affects the whole
industry that you need to learn and understand.

the fact that many people out there seem to think that trading is just technical analysis is a big misconception here, so many factors that could affect trading in general, like news and even some internal manuever there's just so much things should be taken into account that I don't think any individual re able to sustain trading for long time without sufficient supply of information about the project itself.
realistically speaking when beginner began their trading journey, they would be shocked by the fact that market will not always goes in line with their learned knowledge from some trading tutorials and knowledge book.
instead the market sometime just move as it wants based on purely demand and supply alone.
thats the thing with trading that I think majority should know beforehand when it comes to making career in this field in the first place.

Trading without knowledge will end up like gambling but yes, there are only two possible results either win or lose. But in the situation that we have no trading experience, knowledge, or skill, bigger chances that we will lose. That is why if we want to become successful, we also have to spend more time learning to trade and work hard for it or else, help ourselves to accept that trading is not for us as it is impossible it works if we don't. We must know that the only way to earn a profit from trading is to enhance our capabilities as well which I see many traders feel it just easy.

Believe me mate, I have been there and also tried it out and yes as you say it's really overrated and many people just go into this act thinking they can make easy cash which is quite the opposite and if I might compare it I think I will compare it to a gambling but the only difference about the two is that in trading if you are sound in years of training and study of the candle sticks and market flow then you might have a slight chance of making something out of the act of trading but there is still no guarantee to this.

In theory, it is easy (entry at low price, exit at higher price). 
People forget that many factors can influence the change of crypto prices. Crypto price is very volatile, it can be easily influenced by many factors. When the price drop significantly, people who has no knowledge probably do panic selling. They do "exit" on the wrong time because they don't know what the best option to do. By having good knowledge, people can deal with that situation.

Indeed. Those are 3 important things which determine the success/failure of a trader. Sure, those have big role for the coin selection, they are also determining the trading strategy, and they lead a trader to analyze the right time for exit (take profits). Also, those can influence much on the mentality of the trader. A strong mentality of trader is the reflection of his good knowledge and experience.

Not to be able to do so doesnt mean that its not really completely for you but instead it is something a skill that needs to be worked on and get some experience via actual dealing within the market.
It is really just that there are people who do easily give up and there are those people who do persevere on whatever things that they do really have in mind or what their goal or target is. We do know that
this market is unpredictable and there's no way that you could really be able to know on where it would be going.Therefore, chances for you to be able to experience those losses are really that common.

The thing on here is that you do know on how to make out adjustments and would act accordingly. There are really just those people who are really that rushing into things when it comes
on making money and this what makes them impulsive on the time that they would really be trying out to engage on the likes of trading, they do expect and hope that much
without even trying to think on whats the real deal.

That's right, in trading the discipline factor really influences the final results, before becoming a trader, ask yourself whether you are ready for all the discipline that must be applied, because what is at stake when trading is your money.
getting money is the classic reason people trade, never trade if you really can't do the above, it will be fatal ^{(lose all your money)} if you are not disciplined, lazy and unstable.
remember that trading is not the only way in this world to double your money, if you have heard the term there are many roads to Roma ^{(earn money)} then it is true 

There is nothing bad in trading because some people are making profits from it day to day, but seriously, it is those that have good knowledge about cryptocurrency that can do it; it is not just what people without knowledge or with little knowledge can do, and that is why some experienced crypto traders are advising newbies to stay away from trading. As a newbie, no matter how fast it can understand something, it may not catch up with all the proper information about trading in short period of time, so newbies are advised to spend more time in the cryptocurrency industry learning from experienced traders so they do not make some silly mistakes that they are not supposed to make when starting trading. It will be discouraging for newbies to start losing in the cryptocurrency industry on their first attempt.
Yes, the bull run is around the corner, as we are expecting it, and it is going to be a great opportunity if we can hold our Bitcoin till that time and experience it. It will be a regret when we don't have opportunities to benefit from the next bull market by just wasting our funds on trading, which you don't have much knowledge about as newbies. I think it will be easier for newbies to start trading in the bull market because it time when coins are moving up.