Trading not for everyone! - page 19.

carlisle1

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Quote from: Bushdark on August 25, 2023, 06:44:04 PM

Quote from: irhact on August 25, 2023, 06:09:47 PM

Quote from: letteredhub on August 24, 2023, 04:12:28 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

Not everyone will make money from trading and we have to understand that before we start trading, for traders to make profit another trader has to be losing therefore if we don't know how to trade or understand how trading works then we shouldn't be trading or we'll be helping another trader to make profits from our losses. You can make money from trading or investing or make money from both but we have to know what we're good at before starting any of them.

Many individuals thinks trading is the easiest way to make money from the cryptocurency market but that's a mthy as you'll lose more from trading than investing. Investing is the easiest way to make money from the market and you can invest in various ways including DCA.

Trading is not for everybody and we should not all have the intention that everyone who is a trader is going to make money form trading. Trading is a complicated skill tha lt needs continuous practice even when you are a pro trader, there is need to keep learning new things and strategy to become a great trader and tutor. Those who had been in the market for long can proudly say that trading is never easy.
It is very difficult and if we don't find ways to get the complete skill, we can make money but we are going to be having so mere issues that will keep affecting our trading.

Good point, it's a continuous process and it will going to depend on how you adopt and learn from time to time, it's not
just like place your investment and wait for your profits.

More on how well you anticipate and how you will analyze and make things happened, there's a lot of factors that you need to consider
when you step inside this business.

Make sure you are all aware of what would be the consequences and the benefits.

Richkiedx

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trading is not for everyone if they don't have knowledge in the trading industry it is important here and you must have discipline in trade so before you enter the trading industry study it first and create your demo account first to practice you can use real money when know how to trade

Stable090

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Quote from: letteredhub on August 24, 2023, 04:12:28 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,

Trading is not for everyone, and any newbie that really wants to trade can do that. It's just a gradual process, you have to be ready to read and learn. If you are learning how to trade, I don’t think there is anyway it can be done without losing money, so you are planning to trade, then you should have the mindset of losing money at the beginning. Don't expect any profit immediately you start learning how to trade, so make sure you deposit just a little amount when you are practicing because you might end up losing all the money.

Quote from: letteredhub on August 24, 2023, 04:12:28 PM

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

It’s better to have the mindset of losing when learning how to trade, that’s why we have to go into trading with just a small amount of money as beginners. Don't trade with everything you have because you might end up losing everything, trade with any amount you know it’s not going to affect you after losing it.

Bushdark

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Quote from: irhact on August 25, 2023, 06:09:47 PM

Quote from: letteredhub on August 24, 2023, 04:12:28 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

Not everyone will make money from trading and we have to understand that before we start trading, for traders to make profit another trader has to be losing therefore if we don't know how to trade or understand how trading works then we shouldn't be trading or we'll be helping another trader to make profits from our losses. You can make money from trading or investing or make money from both but we have to know what we're good at before starting any of them.

Many individuals thinks trading is the easiest way to make money from the cryptocurency market but that's a mthy as you'll lose more from trading than investing. Investing is the easiest way to make money from the market and you can invest in various ways including DCA.

Trading is not for everybody and we should not all have the intention that everyone who is a trader is going to make money form trading. Trading is a complicated skill tha lt needs continuous practice even when you are a pro trader, there is need to keep learning new things and strategy to become a great trader and tutor. Those who had been in the market for long can proudly say that trading is never easy.
It is very difficult and if we don't find ways to get the complete skill, we can make money but we are going to be having so mere issues that will keep affecting our trading.

mvdheuvel1983

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The best way to know if trading is for you or not is to try it. It is in trying it that you will learn whether you like it or not, whether you see yourself doing it for the long run or not. The advantage to this is that if you discover is something that you want to do, you can learn more about it, if not you can call it quits so that you don't loses your money.

For some persons, trading comes naturally to them while other struggle at it and rely only on copy trading and trading signals to trade which isn't trading at.

irhact

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Quote from: letteredhub on August 24, 2023, 04:12:28 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

Not everyone will make money from trading and we have to understand that before we start trading, for traders to make profit another trader has to be losing therefore if we don't know how to trade or understand how trading works then we shouldn't be trading or we'll be helping another trader to make profits from our losses. You can make money from trading or investing or make money from both but we have to know what we're good at before starting any of them.

Many individuals thinks trading is the easiest way to make money from the cryptocurency market but that's a mthy as you'll lose more from trading than investing. Investing is the easiest way to make money from the market and you can invest in various ways including DCA.

Dr.Bitcoin_Strange

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Trading is for anyone who has learned and understands the basics of it, not just for any kind of crypto newbie who thinks that they can make a quick profit with trading. Because the story of quick profit is what makes some people start trading with the hope of making a large amount of profit over a short period of time, they fail to realize the risk involved in trading. Even trading is not very profitable to most traders because the crypto market is always dynamic and no one can control the market movement, so anyone who is trying to venture into crypto trading should be very educated and fully aware of what they are going into; otherwise, it can just result in countless losses until they lose all they have invested.

lalabotax

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Actually trading is for everyone. However, not everyone is able to do it. And if they force themselves to enter the world of crypto trading, they must have very good provisions. So, this provision and ability is something that sometimes not everyone has and is able to do, so maybe the OP said trading is not for everyone. because not just anyone wants to prepare it properly. This is not a problem for those who have to be educated or not educated in college. but this provision is in the form of knowledge related to crypto and also in-depth trading. Self-preparation by preparing sufficient knowledge, mental readiness, and also financial readiness to start trading must be interrelated. When we push ourselves too hard to start trading even though we have not been able to understand both knowledge, mental readiness and risk, as well as readiness for free money, it would be better if we don't even try to start trading. because it is high risk. We might even lose quickly.

Hamphser

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Quote from: letteredhub on August 24, 2023, 04:12:28 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.

Easy to say but when you are already on the situation on which you would really be that on the trading field then doing these things wont really be that easy as pie. Trading could really be involving that huge swings

in terms of emotions and mind boggling condition on which that even yourself couldnt really be able to understand on whats happening. Its true that trading isnt for everyone but doesnt mean that you would really be easily be giving up on the time that you would be able to experience some few mistakes or errors in regarding with your trading positioning. Its true that we could really be still having the option on holding our
position as long we arent that liquidated or simply being engaged with futures then you should really be fine with spot. There are really just that people who are really that a fan on taking with more risky movements
and decisions.

This is why its up to you whether you would really be going with this kind of career or not,just make it sure that you dont really make yourself in a rush condition because this isnt a sprint
but rather it would really be a marathon thing.

Stedsm

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That's right, trading is not everyone's cup of tea because many of my friends have burnt their entire capital by trading futures, worst was that they were doing it with higher leverages and they didn't even listen to me. Actually, one of my friends who was a newbie in crypto then, attempted to trade with a 100x leverage and made a big profit so he told others that all of them can also do the same, but I was aware of the risks and even asked them not to do what he's saying. But as you all know, when the shield of money is in front of someone's eyes, they're unable to see and understand the real truth. So they all did the same and lost their entire capital. So it's better to always listen to someone who is experienced in this field, and never try to be stubborn with these things.

Ziskinberg

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Well, I could say that this has been discussed several times and I was sure that everyone is also aware of this and I could agree with that.
Despite the fact that trading is not for everyone, we all still have the chance to try it and see what will be the outcome as we can't say if this is for us until we never try. And this is because not all have the kind of mindset or behavior that fits the nature of the crypto market. In fact, even experienced traders outside crypto, never push themselves to do it because they are not comfortable as well. It is really matter on where are good at.

letteredhub

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Quote from: JeffBrad12 on August 24, 2023, 05:38:50 PM

well thats the thing with trading, you gonna need to literally go against the whales, even using technical analysis sometimes it just doesn't work after all even the whales also know the technical analysis.
I'd definitely always recommend to just hold, becoming an investor seem like good idea, after all there's always opportunity that gonna arises in the meantime we are holding our investments.

Are you sure going against the whales in the market is a good idea? Comparing the amount you're trading with to those of the whales I wonder which will drive the market direct, so it will be safe to always move in the direction of the whales as they're believed to be the mover and shakers of price action in the market.
About holding, it pains me that some of the newbies lack patient to hold in safety balanced with their incapacity in trading knowledge and experience but still go in testing the waters losing money they could have made profit with if held for long.

famososMuertos

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Quote from: letteredhub on August 24, 2023, 04:12:28 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.

As everything in life is dedication, effort and development of talent...
If you don't try trading, how to discover that we are bad or good traders, ah?

Then! Someone with experience and talent knows that trading to survive as the main income is something every day and 24/7, there are no hours, so that it in itself leaves out a lot of people, although it is always possible to accommodate times using a bot etc.

No one should get out of trying, never, because he read a suggestion like the one in this title (OP), that is simply very generic and that actually applies to any venture, job, etc.

Cryptomultiplier

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Trading might involve too much brain work for some and that's why it is being avoided or done occasionally for some only when they got the time or find themselves in the right opportunity to make profit.

For most of us, the best thing has always been to HoDL, inorder to accumulate for a one time cash out and investment in other projects that is of interest.

It is good everyone knows what works best for them in the long run, but how does one know what's best for them if they don't try trading, HODLing or DCA strategies of investment for a time in comparison?

348Judah

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Quote from: Nrcewker on August 25, 2023, 11:50:33 AM

No one learns trading from mother’s womb. Trading is a skill that you need to acquire. You will master in trading as the time passes or when you gain more experience.

That's true, trading us what we learn from day one we get motivated for it, what people don't understand is that we need to start from somewhere, everyone knowing it today begins from somewhere, learn and keep learning because it's a continuous process, we should encourage others in seing the simplicity in learning how to trade in other to motivate them make the decision for learning it, though it may be demanding but has more advantage than it disadvantages.

Quote from: Nrcewker on August 25, 2023, 11:50:33 AM

On the other hand if you make losses then it doesn’t mean you are really bad in trading. Just you need to gain more knowledge and skills and you need to practice and gain experience. I know many gave up in trading when they encounter big losses. But you would love the taste of profit, once you try the loss.

Even the professional and standard trading organizations understand there's risk in trading and make use of risk management practices and yet still loose, but they can tell of their experience that they've got many advantages trading than they have suffered with losses.

Lorence.xD

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Quote from: Awaklara on August 25, 2023, 11:55:36 AM

Quote from: letteredhub on August 24, 2023, 04:12:28 PM

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.

we can follow the one who taught us the trade. not the one giving the signal. we have to distinguish it. now I'm not very active in trading, Collecting more Bitcoin in the current situation seems to be more profitable than draining our minds to do market analysis of the assets we are going to trade.

You can ask the one who taught some questions and information in trading but when you starting to trade, for sure he doesn't want to do some decisions for you. That's why he taught you so you could do it on your own. Cause you're money is at stake not his, and just imagine the burden to him when he gave you a wrong advice causes you to loss. If you have a friend who do trading, you could do group trading which I think is tolerable cause it's like brain storming for y'all to have a good call.

Quote

Collecting more Bitcoin in the current situation seems to be more profitable than draining our minds to do market analysis of the assets we are going to trade.

If you think that's more suitable for you that's really fine. I find investing at Bitcoin more non-draining as well cause you won't need to overthink it's value cause Bitcoin has a potential for a long run so whatever the value is you could just simply hodl. I think this is not applicable to people who doesn't afford to hodl for a long term. That's why I think trading exist. It would just depends on our preferability where we could have our peace of mind in crypto.

red4slash

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Quote from: Nrcewker on August 25, 2023, 11:50:33 AM

No one learns trading from mother’s womb. Trading is a skill that you need to acquire. You will master in trading as the time passes or when you gain more experience. On the other hand if you make losses then it doesn’t mean you are really bad in trading. Just you need to gain more knowledge and skills and you need to practice and gain experience. I know many gave up in trading when they encounter big losses. But you would love the taste of profit, once you try the loss.

And there is no trader who is immediately proficient without having knowledge, everything must start from 0. And I'm sure traders who are now an expert trader they also feel bitter at the beginning, or in other words they also learn from scratch and there is no way they started from number 50, or even from number 2. And true experience will make them grow better.

Maybe those who can't understand quickly will take longer to become a profitable trader, but that doesn't mean they can't do it, it's just that the time they need is longer than people who can quickly understand everything needed in trading.

Awaklara

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Quote from: letteredhub on August 24, 2023, 04:12:28 PM

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.

we can follow the one who taught us the trade. not the one giving the signal. we have to distinguish it. now I'm not very active in trading, Collecting more Bitcoin in the current situation seems to be more profitable than draining our minds to do market analysis of the assets we are going to trade.

I once followed someone's advice to invest in a project. but the results were bad, and that made me no longer believe what other people said. even with trading signals that we often encounter.
trade on our own control.

Nrcewker

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No one learns trading from mother’s womb. Trading is a skill that you need to acquire. You will master in trading as the time passes or when you gain more experience. On the other hand if you make losses then it doesn’t mean you are really bad in trading. Just you need to gain more knowledge and skills and you need to practice and gain experience. I know many gave up in trading when they encounter big losses. But you would love the taste of profit, once you try the loss.

YOSHIE

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Quote from: letteredhub on August 24, 2023, 04:12:28 PM

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.

I have to agree with these words, why do I have to say that, because I've done it before, hearing people make me disappear in crypto trading, so I followed my conscience to carry out trading activities in the crypto market and I did it with success, but I also did not escape from learning from experts, to hone my knowledge in crypto trading.

The bottom line: what we do, of course for ourselves, so other people are only a bridge of knowledge that must be owned by us, but those who do it right are ourselves in determining the direction of play for success.

Indeed crypto trading is not for everyone, but crypto trading can be done by everyone, with confidence, learning and knowledge everything can be done easily, no exception.

Topic: Trading not for everyone! - page 19. (Read 3296 times)