Topic: Trading not for everyone! - page 14. (Read 3308 times)

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.