Topic: Trading not for everyone! - page 16. (Read 3296 times)

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.

Not only newbie but also old traders having no control on emotions and continuesly losing in trading should also just hold the potential coins in dips and then sell in bullish market. Newbie want a quick profit and cannot bear to see Market down. when market down after taking entry, newbie often sell coins in panics and the same coins rised after some times. proper learning about market is necessary. Without learning it's hard to find which coins is best to trade in current trend, low and high of coin and when to hold without trading and just to watch market.


OP your are preferring holding more than holding which is not a solution. The better suggestions for newbie in my view is to use some fund for holding and at the same time small fund use for trading. When newbie trade practically then I hope it's not hard to learn trading. Trading is best way to earn daily, even in bear market while holding will only benefit you when market become bullish.

Nowadays, I often see advertisements of trading opportunities online, such as on various social media platforms such as Facebook and Youtube, which often see their respective ads, such as OctaForex and others related to trading. It means that it is clear that at this time the trading industry is trending too much, and this is proof that there is really profit to be made here as long as you have knowledge here, and often I see copy trading and things that also exist in the crypto industry where we live. That's why if you're just entering here to make money and won't take this lesson seriously, it can be said that it's not for you.

Trading business may consider like a very simple business to many. But is trading business really easy? I think this is one of the hardest businesses in the world. We generally think that since it can be done online so easily, I might get something good from here in a short time. But the reality is different because it is a risky business platform. Where you can easily lose more. Volatility is usually high in the trading business, so you may see big changes in your assets over time, which is unexpected for many. In this kind of trading business it is very difficult to hold emotions. Many traders cannot control it as a result of which they can lose their wealth there. etc. There are several tough challenges a trader has to take which are not easy for everyone.

It's easier said than done but still what traders have to do in trading. Trading is vast and it's like a spirit that invests you to do contrarily to your plan, and the more you try, the more you might see yourself deviating from the original plan. This is why I often laugh when I see people writing about what to do in trading without putting a strong emphasis on discipline and determination to do it. It's a thing trying to do something and another finding yourself doing another thing, this is common in trading and it's all psychological, and the issue of psychology in it has to be taken most seriously. But first, traders must be adequate with a good trading system and management before anything psychology can work. If not, such should just close his trading chart and call it a day.

Like you said, patience is really required in trading. I agree with you, because even if one is an experienced trader, that doesn't mean they are going to have every trade be successful; rather, they tend to archive more successful trades than beginners. The crypto market and price movement are always dynamic, as no one can accurately predict the price of any crypto asset they are trading. Although there are some technical analysis tools for predicting the possible moves of the coin before signing a trade, that doesn't mean that all the time the market price can end as predicted. Trading just requires the trader to be confident and get off their emotions when they experience heavy losses.

It depends on the person/individual. If someone has enough knowledge and strong mentality, day trading can be the right option. Day trading offers profits in short time, people can earn dollars just in a day although it is not a big amount of money. Sure, day trading isn't easy to do, it requires skills and good analysis both for technical and fundamental aspects. It also can be quite emotionally when the market suddenly changes its direction. But there people who like to take challenges and the risks like in day trading, it is no problem as long as they can earn money. People must understand that there is no trading without risks, whatever the type of trading must have its own risks.

Yep, if trading seems not suitable, we can choose investment. Both investment and trading offer good profits, but people can earn profits faster with trading. However, it is better to earn profits for long holding than wasting our money with trading. 

Just accept the reality that not all those who aim to trade end up trading successfully. Some are just trying hard to make their trading works but eventually, when all they experience are frequent losses than gains, that’s where they realized that trading is not for them. So never doubt yourself but never fail to admit when you feel things are not doing good. Trading is not for everyone, as well as trading is not a must in the market.

Absolutely right. Trading is hard and risky, so one should never jump into trading unless he’s ready to take the risks and overcome frequent losses from trading. That is because trading has its inevitable losses as well, so if you’re not ready to lose, then never do trading from the start. However, trading provide great opportunities to earn, and if you’re knowledgeable and skillful enough, you will gain maximum profits in trading. But if you think you’re not capable enough to trade and overcome losses, then practice more because that’s the only way to improve your skills when trading.

In crypto market, trading is not a must. Although we’ve seen bigger profits that are made through trading, but always know that not all those who suicide in trading end up successful. Most of those who trade without sufficient knowledge and skills have only wasted their time and money, so I don’t advise people to trade unless they’re ready for it. However, everything in the crypto market can be learned even with trading. If you think you’re not good enough today, then find ways to improve your knowledge and skills and even develop some great opportunities if you like because those are the prerequisites for a successful trading.

You would really be scared on something which you have first time do able to hear out or able to encounter on which it would really be just a normal approach or reaction on the time that you are into this situation or condition on which it is really that a casual reaction to be made by a noob but on the time that you had gained up sufficient experience then those kind of emotions would really be totally removed or eradicated
along the way.I agree that there are really people who dont really end up on successful with trading or simply it isnt for everyone but it doesnt mean that you wont really be trying. You wouldn't know unless you do try and this had been always my main motto when it comes on dealing up with something new or my first encounter.

If you do see that other people do get up some success on this one, then why would really be limiting yourself on reaching out such condition too? There are really just those people who are really that
do easily give up on the time that they would really be seeing that it is really that something so hard for them to deal with without having the plans on trying it out first and directly make out
some decisions that they should stop or quit it right away.

Day trading is not a good idea, it requires extensive knowledge and experience to effectively predict short term market fluctuations. It can be emotionally and mentally draining as constant monitoring and decision making are required. Day trading often involves high transaction costs & risks, potentially resulting in financial losses. It can lead to impulsive decision making & excessive trading which can hinder long term investment goals. It's generally recommended to focus on long term investments for sustainable financial growth.

Time sure does the thing. But in order to make profits, you need to choose the correct option. Not every cryptocurrency will give you profits even if you HOLD them for the rest of your life. Some will vanish from existence and you will not know it before it's too late. For this reason alone, it is very important to choose the right one to hodl.

Also one more thing. Bull market is not the time to HODL. You need to set up a target and when it is achieved, you need to make sure to let go. Otherwise, you will be making losses instead of profits. As we all know, after every bull run, there will be a bear market that will follow. Finding the best time to sell is the right thing to do during a bull market.

So if you are not good enough at trading, then buy and hodl. Buy in a bear market, hodl till it's over and then sell in a bull run. That should be the right thing to do.

Smiles..
Are you indirectly telling me you haven't ventured into trading before due to the fear of losing huge amount of money or panicking?
Usually trading and investment is something we should get ready for, that is to say we should try our best to also accept the risk associated with trading and investment. Most at times we don't always get prepared for that part of our lives when it comes of trading and investment, people always think of the positive aspect, how they could get whatever profits without getting prepared for the risk associated with getting huge profits as well.

I would feel like that when it's about trading, I had so much scare when I was talking about trading and in the end I didn't really do it and I didn't trade that much and most of my money is investing for long term. I think that's important because we are talking about something big here, and I believe that as long as we believe that, it's not going to be that much of a big deal.

I think it's important to make sure that we are talking about people who are willing to take those risks and there aren't that many of them, so it's traders who do it, and investors who avoid it. Of course investment has its own downs as well but at least it's less riskier and there are bigger chances that you could make it work as well.

Yes, but by fighting hard enough and sticking to their plan they will be able to make things possible, profits may be made but I would say that they will not always be profitable. That means as you said above that the profit will always come with a level of risk as well. In trading the market moves very fast and it's volatile, and I wouldn't say that professional traders are those who never lose, they have a lot of experience and also with strong self-control. Although professional traders have a lot of experience but that does not mean they never lose, losses will always come to anyone and I say they have many ways to be able to minimize their losses. So for professional traders I think they have a higher profit rate than their losses.

I quite agree with you and I will repeat what you said above, "not everyone is destined to be a trader", at first glance this makes a little sense. But I will also add a little, in my personal view this is not a matter of whether or not someone can trade. Because if they want to then they can do learning related to this field, if they want they can look for a lot of references from other people or find a mentor to guide them, and they can do it. meaning that anyone will be able to trade. And I don't think that's a limitation. I emphasize, everyone has their own attraction to whatever field it is, if they want or are interested then they will learn in any way and if they don't do it it doesn't mean they can't but they don't want or are not interested. Everyone can but not everyone is interested in doing it.

Actually there's a point As you can see recently there are a lot of advertisements right now showing how trading can bring in a huge amount of money, but in reality its not all about here because you need to consider the basic and fundamentals of trading, or else you will just waste all your money with your prediction that has now assurance with the market price movement, also there's a lot of influencers want to promote this and encourage people but they didn't enlighten them about the possible risk all they encounter when they make a trade, some newbies hire for a mentor for their journey, some of them makes a self study it depends on your approach but at the end of the day profit counts.

Exchange token are not guaranteed either they equally lose drastically as others but what you should know is that is only left for us to be smart and act safe with our altcoin, that is to say when holding altcoin and you noticed you have made some certain profits we should try our best to take profits or sell out capital from holdings.
This is also applicable with trading, whenever you are trading don't leave your holdings in altcoin; when you close trading for the day you should try as much as possible to hold btc or a stablecoin while opening you can start back with the other coin.

Correct. If you are jealous of someone who manages to earn out from this business, you should do your best to learn more about
the industry and not just blindly follow what you think is trending.

There are many ways to learn and taking extra efforts and time to learn is something that an individual person will take as edge against those
who did not do their homework.

Your success will be dependent on the actions that you will going to take.

- You can never make everything possible and earn consistently but for sure, you will also suffer losses
 - You can never call yourself an expert if you don't know risk management - that was a self-proclaimed.

I believe in destiny and so why Trading is not for everyone - It is because not all are destined to become a trader. It is necessary to assess ourselves whether if we can do trading in the right way or not, and we don't need to pressure ourselves knowing that we can't make it as it was a suicidal move.