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Topic: Trading not for everyone! - page 13. (Read 2989 times)

hero member
Activity: 2898
Merit: 590
BTC to the MOON in 2019
September 08, 2023, 09:57:22 AM
Yes traders need to learn market analysis and use different strategies to buy any crypto at low price and sell it instantly at high price. Not everyone can do this so not everyone is a trader. But it doesn't take much analysis to hold to invest because no matter how much the price of crypto falls, it recovers again.  So if you hold for a long time, there is very less chance of loss from there. But one thing to note in this case is that you cannot invest in sheet coins. Always focus on the top coins.
I think if a trader trades without understanding about crypto market he can never make profit. Always buy coins at low price and wait to sell at high price. If after investing in a coin the price of the coin goes down then that coin  Do not sell until its price recovers. If we understand a little bit about the crypto market, then we will have many benefits to trade. And while trading, we have to control greed. Due to excess greed, the invested money can be at risk.
Understanding a little bit is not just enough in trading but must become knowledgeable if you want to succeed. We can't just simply think that trading is an easy job but instead, consider this as too risky and hard. While people know the reality of trading, the more they urge themselves to learn more and take it seriously. That is why if we think that we can't do it right, we also don't need to push ourselves because, in the end, we are the ones who suffer losses and regrets. We must stop being jealous of others because they become successful, they are destined to become a trader.
sr. member
Activity: 1414
Merit: 361
September 08, 2023, 01:43:34 AM
Yes traders need to learn market analysis and use different strategies to buy any crypto at low price and sell it instantly at high price. Not everyone can do this so not everyone is a trader. But it doesn't take much analysis to hold to invest because no matter how much the price of crypto falls, it recovers again.  So if you hold for a long time, there is very less chance of loss from there. But one thing to note in this case is that you cannot invest in sheet coins. Always focus on the top coins.
I think if a trader trades without understanding about crypto market he can never make profit. Always buy coins at low price and wait to sell at high price. If after investing in a coin the price of the coin goes down then that coin  Do not sell until its price recovers. If we understand a little bit about the crypto market, then we will have many benefits to trade. And while trading, we have to control greed. Due to excess greed, the invested money can be at risk.
sr. member
Activity: 350
Merit: 262
September 07, 2023, 10:40:39 PM
Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.
Right on, trading isn't for everyone but everyone can be an investor and a holder. There's the track for those that are frustrated with trading and that's why you don't have to quit the entire market just because it's not working for you. Those that have experienced and thought that trading is the only way to go have already seen that they've got no future with that. But there's nothing wrong in trying as long as you can afford to lose the money that you're putting there as your capital. While in holding and following the strategies like DCA, you'll just have to endure the painful market for a while and will see how effective it is in the long run. We've been there and done that and that's why it's a good and perfect strategy for those folks that don't like to see themselves lose with their trades. In short, you'll still have to trade but that's only the time you'll do when you're going to buy and take profits.
Yes traders need to learn market analysis and use different strategies to buy any crypto at low price and sell it instantly at high price. Not everyone can do this so not everyone is a trader. But it doesn't take much analysis to hold to invest because no matter how much the price of crypto falls, it recovers again.  So if you hold for a long time, there is very less chance of loss from there. But one thing to note in this case is that you cannot invest in sheet coins. Always focus on the top coins.
full member
Activity: 560
Merit: 161
September 07, 2023, 07:54:52 PM
Trading is always overrated as one cannot simply get into trading and expect high profits afterwards. In fact, trading will definitely put us into more losses and failures if we rush into trading without knowing the prerequisites to trade. Therefore, if there are no knowledge and skills and there are no reliable experiences in trading, it’s better to never jump into trading because surely, it will only test our patience and persistence through consistent losing.
Trading on its own is a skill, I don't see any reason why one will think they can just decide to jump into trading without having any knowledge.  Trading is a skill that people needs to give time to get knowledge to know how it should be done to get it done better,  it is impossible to do trading without getting a skill which is knowledge about trading.  Ont thing about trading if you don't have knowledge about it their is nothing to be done about it , making profit from trading is not be luck but by the knowledge one gave gained. Rushing to make money from trading without knowledge is a waste of time.
sr. member
Activity: 2338
Merit: 338
September 07, 2023, 06:17:54 PM
Trading is always overrated as one cannot simply get into trading and expect high profits afterwards. In fact, trading will definitely put us into more losses and failures if we rush into trading without knowing the prerequisites to trade. Therefore, if there are no knowledge and skills and there are no reliable experiences in trading, it’s better to never jump into trading because surely, it will only test our patience and persistence through consistent losing.
That will happen if you don't have knowledge about it which is why we have to study trading first before it. Many people underestimate trading as they think that it is easy and they have witnessed how difficult it is in actual trade.

That is why most trading platforms offer Demo accounts in order to implant trading ideas but still, it was not enough. The truth is that trading is not all about knowledge, it also requires skills, and being good at TA is a great advantage which I see that many traders don't have.
member
Activity: 178
Merit: 53
Binance #Smart World Global Token
September 07, 2023, 05:35:41 PM
I definitely agree with you.

Not because some of your friends do it and making some profits doesn't mean you have to do it as well. We all excel in different kind of fields, we only have to figure it out where. Trying trading in futures is not a bad thing, it only becomes bad if you're to mad, greedy, and frustrated every time you lost a trade, that's why you're gonna end up chasing your losses without any effective plans at all.
in a friendship we don't have to always be the same as them, if you don't like and are comfortable trading then you don't need to do that, there are many other ways to make money in crypto, trading requires passion so the loss rate become low.
hero member
Activity: 616
Merit: 749
September 07, 2023, 04:53:52 PM
Trading can be done by anyone, a person can trade only if he has a certain amount of money in the account in an exchange. Everyone can do trading but not everyone can do trading properly. I made an account in the exchange, deposited some amount of money, bought any coin with that money and sat in the hope of profit like this, but never trading. There are certain rules and regulations of trading as well as there is a lot to know about trading. We need to know about trading first, we need to learn how to trade in such a way that our money will not be at risk. After trading money can be profit or loss so trading is ok for those who can trade with such risk of own money.

Trading is buying and selling of cryptocurency and everyone that have understanding of cryptocurency and how to buy and sell coins can be said to have traded cryptocurency but there's more to becoming a trader that does trading always for a living. You can buy a coin and hold a coin and later sell it for profit but as a professional trader you have to be able to do this always in hope of making profits and not everyone can do that unless they learnt it properly.

Trading is a skills that we have to learn and become professionals at doing it. If you don't learn how to trade you can't just know how and what you'll be doing is gambling and this is what many traders are doing without knowing untill they have lost much money to the market.
sr. member
Activity: 392
Merit: 197
September 07, 2023, 10:39:11 AM
Trading is always overrated as one cannot simply get into trading and expect high profits afterwards. In fact, trading will definitely put us into more losses and failures if we rush into trading without knowing the prerequisites to trade. Therefore, if there are no knowledge and skills and there are no reliable experiences in trading, it’s better to never jump into trading because surely, it will only test our patience and persistence through consistent losing.
Trading can be done by anyone, a person can trade only if he has a certain amount of money in the account in an exchange. Everyone can do trading but not everyone can do trading properly. I made an account in the exchange, deposited some amount of money, bought any coin with that money and sat in the hope of profit like this, but never trading. There are certain rules and regulations of trading as well as there is a lot to know about trading. We need to know about trading first, we need to learn how to trade in such a way that our money will not be at risk. After trading money can be profit or loss so trading is ok for those who can trade with such risk of own money.
sr. member
Activity: 826
Merit: 460
September 07, 2023, 05:55:28 AM
Don't forget the patience and perseverance because we know that learning trading will take time, which means you need to be learning it on a daily basis and in a stable way because if not, you'll lose your learning. That is why we need to persevere on doing it as we can't learn it just overnight, even though others are still learning it after a few years. Also, those who are trying to learn will be tested because you thought you would learn the basics, but it turns out you still haven't won because you still haven't established a strategy.
That is the part where everyone is having trouble with. Most people do not like to spend days let alone months on learning something, while learning something to get a college degree takes 4 years for you to be proficient at it enough to graduate and work in that field, people think that they could spend just a few days to learn everything there is about trading. That is not the case at all, I am not saying spend 4 years learning trading before you start to trade, but at least a year would be great, and a year trading with small amounts.
Yes, it seems that everyone also knows that learning is the best way to improve knowledge or knowledge, everyone can do it but not everyone wants to do that learning, because honestly I admit it is very boring, especially learning in the field of trading which is very difficult and complicated. I would also say that learning trading is very difficult to learn because in addition to learning like the concept of learning in general but we also have to involve psychological learning there. Yes it is true, most people want to learn even for 4 years in college but I don't think they will be able to consistently learn trading even for a year, although on the other hand it will be very useful and maybe they can become one of the successful ones from several other traders,
and get a lot of profit, although basically it is very difficult to understand but nothing is impossible if they want to try.
legendary
Activity: 2520
Merit: 1073
September 07, 2023, 04:36:24 AM
Don't forget the patience and perseverance because we know that learning trading will take time, which means you need to be learning it on a daily basis and in a stable way because if not, you'll lose your learning. That is why we need to persevere on doing it as we can't learn it just overnight, even though others are still learning it after a few years. Also, those who are trying to learn will be tested because you thought you would learn the basics, but it turns out you still haven't won because you still haven't established a strategy.
That is the part where everyone is having trouble with. Most people do not like to spend days let alone months on learning something, while learning something to get a college degree takes 4 years for you to be proficient at it enough to graduate and work in that field, people think that they could spend just a few days to learn everything there is about trading. That is not the case at all, I am not saying spend 4 years learning trading before you start to trade, but at least a year would be great, and a year trading with small amounts.

I know even the most veterans may say that is a lot, but would it hurt? I think something like that would be great and could end up helping people out on the long term as well.
full member
Activity: 560
Merit: 161
September 07, 2023, 03:24:10 AM
It is not as if anyone can't do crypto trafing, as much as one is ready to learn trading it will be a good start and their will be a good result from trading.  Trading is not for people who are not ready to learn in trading but just want to make money in trading. People need to understand that having knowledge in trading is the most important tool to get to succeed in trading . People just have the mindset that with money they have if they go into trading they can make profit even without having any knowledge about trading. Trading is not for people that have not hiving anytime on trading to seek for better understanding of trading.
legendary
Activity: 2940
Merit: 1083
September 06, 2023, 06:02:41 PM
Basically a starter, that's why they called "newbies" right? How can they even understand everything if they are still in the learning process? They won't understand that piece of advice of yours since they are not even experiencing the real pressure in actual crypto trading.

Just let them do what they want in trading since after all, there's a certain factor that acts as their source of trading information why they end up on that said strategy. These newbies are just in the learning phase and they are new to the trading environment.

We don't need to tell them that trading is not for everyone. Later or sooner, there will be newbies that will be realized if they will continue to do trading or not.
hero member
Activity: 2912
Merit: 674
September 06, 2023, 05:37:21 PM
Trading is always overrated as one cannot simply get into trading and expect high profits afterwards. In fact, trading will definitely put us into more losses and failures if we rush into trading without knowing the prerequisites to trade. Therefore, if there are no knowledge and skills and there are no reliable experiences in trading, it’s better to never jump into trading because surely, it will only test our patience and persistence through consistent losing.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
September 06, 2023, 05:14:18 PM
Investing in any coin involves risk. If you don't take risk, you will never see success. Sometimes we have to choose the coin with our own thinking and then invest. There are some coins which will involve money risk. Which coin to invest in? No. Before investing, it will be safe to check the coins and then invest. After investing, we have to sell the invested coins at the right time. We can't make more profit. If we are greedy, our money will be at risk.

Greed is a very difficult thing to control. Man will be able to control his greed on the day when there will be no desire for much. Everyone wants to change their position. You have an investment of 1000 dollars and from that 1000 dollar investment your profit is 200 dollars. You want more profit. When you have more profit, your greed will increase and you will wait more to get more profit. It will appear that your investment has lost instead of profit. Then you will understand your greed. If I had sold my investment when the profit was $200, I might not be at a loss now. There is no point in making a mistake and then realizing it, we must first understand and must control greed. If we can control greed then surely we can do good things.

Precisely, if you know how to set your target and you are able to execute that kind of target, then it's true that you will manage to make something
good out of this business.

Though it's not easy to control your greed as we all understand that human desire that always aiming for more, you needed to work on it and manage
control.

With that kind of mentality, trading might be a good venue if you can really make it work in terms of controlling your emotions and greed.
sr. member
Activity: 546
Merit: 274
September 06, 2023, 01:51:56 PM
Investing in any coin involves risk. If you don't take risk, you will never see success. Sometimes we have to choose the coin with our own thinking and then invest. There are some coins which will involve money risk. Which coin to invest in? No. Before investing, it will be safe to check the coins and then invest. After investing, we have to sell the invested coins at the right time. We can't make more profit. If we are greedy, our money will be at risk.

Greed is a very difficult thing to control. Man will be able to control his greed on the day when there will be no desire for much. Everyone wants to change their position. You have an investment of 1000 dollars and from that 1000 dollar investment your profit is 200 dollars. You want more profit. When you have more profit, your greed will increase and you will wait more to get more profit. It will appear that your investment has lost instead of profit. Then you will understand your greed. If I had sold my investment when the profit was $200, I might not be at a loss now. There is no point in making a mistake and then realizing it, we must first understand and must control greed. If we can control greed then surely we can do good things.
legendary
Activity: 3080
Merit: 1131
September 06, 2023, 01:34:55 PM
Bitcoin is always safer to hold and ALT coins are slightly riskier to hold than Bitcoin, but there are definitely some good quality coins in ALT coins that don't seem as risky as holding other common ALT points. Holding alt coins that have their own platform or their own exchange has a very low chance of losing. But whether we plan to hold ALT coin or Bitcoin we must accept risk because no matter how safe the coil is you must accept risk, any coin will be easier to hold if you can accept risk.
Users who can't take money risk and get too excited should stay away from trading because not being able to take risk and getting too excited puts their money and life at risk for both.
Investing in any coin involves risk. If you don't take risk, you will never see success. Sometimes we have to choose the coin with our own thinking and then invest. There are some coins which will involve money risk. Which coin to invest in? No. Before investing, it will be safe to check the coins and then invest. After investing, we have to sell the invested coins at the right time. We can't make more profit. If we are greedy, our money will be at risk.

So here's some simple cycle

1. Dyor
2. Choose which coin
3. Set out your entry
4. Set out your selling point
5. Repeat those steps above

It all matters with someones action whether you should really be careful or not when choosing up which coins or tokens you would really be investing but we know that the duration
or on how investing do works or how its been done would really be totally different if we do speak about trading. This one involves on facing up the market on active manner and you would
really be facing up that volatility on which it is really that something that you would really be needing to get prepared.

Trading isnt for everyone but doesnt mean that you would really be limiting yourself on dealing with the market because it would hinder also for you to make money
and its true that you would be needing to risk if you do really want to earn because if you dont then you would really be prone into those lots of missed chances or opportunities on making money.
sr. member
Activity: 840
Merit: 267
Play Bitcoin PVP Prediction Game
September 06, 2023, 11:02:08 AM
Bitcoin is always safer to hold and ALT coins are slightly riskier to hold than Bitcoin, but there are definitely some good quality coins in ALT coins that don't seem as risky as holding other common ALT points. Holding alt coins that have their own platform or their own exchange has a very low chance of losing. But whether we plan to hold ALT coin or Bitcoin we must accept risk because no matter how safe the coil is you must accept risk, any coin will be easier to hold if you can accept risk.
Users who can't take money risk and get too excited should stay away from trading because not being able to take risk and getting too excited puts their money and life at risk for both.
Investing in any coin involves risk. If you don't take risk, you will never see success. Sometimes we have to choose the coin with our own thinking and then invest. There are some coins which will involve money risk. Which coin to invest in? No. Before investing, it will be safe to check the coins and then invest. After investing, we have to sell the invested coins at the right time. We can't make more profit. If we are greedy, our money will be at risk.
newbie
Activity: 26
Merit: 3
September 05, 2023, 01:48:16 AM
Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.
Yes. Buying and selling continuously every day is very difficult and not for everyone. There was a time when I continuously tripled my trading account in a short period of time, but then just 1-2 orders went wrong and I lost everything. Let's trade sustainably rather than grow fast. That is my own experience.
hero member
Activity: 2352
Merit: 593
September 04, 2023, 10:38:32 PM
Trading is only for everyone who has initiative to learn it, though there are sometime others begun to learn it but not taking seriously so in the end they stopped and not continuing because of having no willingness to do it. Just like the others thinking, trading is like a course where you need to spend time to learn it. In short, there is a process for this things, if anyone wants to earn the we must learn and for us to learn we should study it first.
You are right. Trading is only suitable for people who want to learn seriously. Trading is not easy as people think, it needs deep knowledge and skills in trading. We also must know well about trading types and the strategies, that will have a big role to determine the success of trading. And the last, we must have good mentality, must be patient. It is because trading won't always be easy, sometimes the market becomes difficult to predict. So, trading is quite complicated thing, won't fit for lazy people.



Don't forget the patience and perseverance because we know that learning trading will take time, which means you need to be learning it on a daily basis and in a stable way because if not, you'll lose your learning. That is why we need to persevere on doing it as we can't learn it just overnight, even though others are still learning it after a few years. Also, those who are trying to learn will be tested because you thought you would learn the basics, but it turns out you still haven't won because you still haven't established a strategy.
legendary
Activity: 2520
Merit: 1073
September 04, 2023, 09:21:04 PM
Another thing to learn is that they should always used their spare money or money not in haste to make use of since most person's always expect huge profits from holding. From my understanding, whenever you are holding it should be for bitcoin only any other currency is at a very high risk because they posses the tendency of losing 99 percent and this alone had sent back people to their past. So why engaging yourselves with trading and hold you should also try as much as possible to only used their spare fund or an amount they spare to lose.
If you are in need of money, and you have no job and no source of income, then it is foolish to expect that trading will allow you to earn. You need to be prepared that trading will not generate income as soon as you start trading, and besides this, it takes some time to understand whether you can earn money in trading, or this activity is not for you.

Successful traders talk about how they enjoy trading, which means that you should only do what you like. If you don't like trading, or if you only want to do it for the sake of money, then you also need to understand that it may cause additional difficulties in achieving success in trading.
That mindset looks the same to those who play gambling because they are in need of money although many of them already have a capital because they know that they can't start the activity immediately if they don't have it. Same thing should be applied if we attempt to do trading. The only difference is trading is a little bit hard so we should learn some stuffs first.

But I know, these are likely to be skipped because we are rushing to earn anyway. It is still useless since the outcome that we can get are still mostly. If we don't have a money, the first thing that we should do is to find a job. We should only treat trading like a hobby on our free time. If it clicks, well the profit that we can get can be seen as a bonus for enjoying the activity.
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