Topic: Trading not for everyone! - page 6. (Read 2989 times)

Of course trading is not for everyone. This question is the same as the question "why doesn't everyone just become a soccer athlete?" Or “why wouldn't someone like fishing as a hobby?”

Because everyone has different passions, interests and risk profiles. Besides that, the risk of trading is very large. However, this risk is also accompanied by large profits, so some people are attracted to these fast profits.

On the other hand, why trading is not for everyone is because not everyone has the time and ability to trade. A trader must have strong mental and financial resilience, which not everyone is able to bear. Moreover, you have to frequently monitor market and world economic news.

Usually you would really be needing to pass up some KYC or verification first before you would really be able to make use of copy trading feature. Yes, you could actually make use of this kind of method but are you gonna be that contented in speaking about in overall essence that you would really be just simply be copying and not really that learning trading for yourself? Well,  if you could really be able to bare up with the risk involved
then it would be your choice. If you are able to make accept that you wouldnt really be learning trading on your own then it would be your choice. It is really just that a matter of preference since not all would really
be considering on having the same impression into things.

I do agree that trading couldnt really be for everyone but people should really be at least trying out to do all sorts of things just for them to make at least some consideration to continue trading
or learning on it own. Trading isnt something that could really be learnt up in a short period of time on which it would really be just that normal that long time engagement and test or trial
and error would really be something that wont really be that long. So expect that it wont really be that a smooth journey to have.

You can copy good quality trade there is less chance of loss you have been trading for a long time but the problem is that you are not able to make profit due to various reasons. Or lost the balance copy trading is ideal for this type of person. It is possible for you to start copying without full account verification failure to do so will result in your account being limited to copying for a short period of time.

If your trading results are unsatisfactory, then you should not immediately stop and think that hold is the only best solution (although often this will be the best solution), perhaps you should switch from day trading to medium-term trading. At first glance, this may seem like it will have little effect, but in fact it can have a very significant impact on your results. Medium-term trading will give you much more time to analyze the market, which will remove the rush into transactions and your decisions will be much more conscious.

If someone takes the taste of trading then he never want to invest in any coin because investment demands time but traders wants to get a expeditious profit but unfortunately they get a expeditious loss of cash. Everyone knows that trading is perilous as compared to investment but they run away from investment but accept trading instead of the fact that although time is required but profit is also very big in investment.

Holding of coin is a suitable option because with investment you can use your own decision to further continue or take the benefit from the enhance price. As in past people have opt Bitcoin at low price so now they have opportunity to take the profit or further continue there investment because here your money is not at much perils as in that of trading.

I previously made a post to advice newbies regarding trading, do not try to trade by yourself it will only end up in loss. If you really have to trade you can opt in for copy trading, exchanges like Bitget has such features.

Well, don't get it wrong mate. It's like that I generalize it and that's for those people like that don't want to trade at all times.

With such, I still consider them as traders as the actual happens from crypto to fiat although they're not just as active as what we're generalizing as the day traders. But we share the same opinion that it's totally fine whether you are an active trader or not.

Yes, it seems easy but it's not as well. So each of their own has its challenges but we all find holding has easier challenges.

While it's good to keep positive at most times. The good thing about these people who never give up on themselves with trading is that they are patient.
They apply what they've learned and probably what's been tipped to them on how to stay here for so long. And that makes it this isn't for everyone.

Exactly, there's always a learning process after certain trades that we make, even expert or experienced traders also find it difficult, not an
everyday commission after placing their investment.

There are factors that might help them to assess and analyze but together with that factor is the fact that there are other influences that may affect the market.

It's always good to be positive and if ever you experienced losses better to take the knowledge that you learn and keep adjusting.

There are really things on this world which isnt really meant for us or something that we could really be able to learn up no matter on how hard we do and this is why it would really be that better that you should stop but well, we do have those words and sayings that try and try until you do succeed on which it is really right but there are really things in life on which you would really be needing up to give up something
for the better or for good specially if you do see that it is really that affecting you financially then it would really be just that wise that you should really be stopping it rather than it would completely
mess you up in terms of finances.

If you do see that there's still some chance or progress that you are seeing then it wont really be that bad to go further. It would really be just that depending on a certain individual
on how he would really be handling up himself into such scenarios or conditions because not all would really be having that dedication and seriousness on dealing up with something
specially on things that involves capital or funds which not all would really be able to take up such risks.

This is what many people and aspiring traders don't understand. Even the best traders or the ones who have been on this for so long are also struggling.
It's not always a payday for the majority because what they are doing is being conservative with their trades and spending their money worth it every single amount of it.
While with the mistakes that are met on the way while everyone is trading, this also gives us the thought of what if we just stop trading and stay in holding?

I have been involved in trading for a long time and I still find trading very difficult. I have long time trading skills and in this long time I have made good profit from trading and I have lost quite a lot of money but still when I want to start trading new coins I find trading really difficult. People who trade by sight or who are more interested in trading by watching other people's profits find trading very easy. The more a person knows about trading, the more he feels that there is more to know about trading and trading is not so easy to know. Most of the new traders are seen trading only considering the volatility of the market but it doesn't actually fall under any rules of trading but we have to research the market with a clear understanding of the market and we have to accept trading only then we can achieve some success by trading.

I don't think "lazy" is the word. The fact that a person cannot trade or does not want to be a Bitcoin trader doesn't make him lazy. Like I said, "trading is a skill" and everybody cannot have the same skill. Some people hold Bitcoin and only sell and exchange for fiat when they need fiat, they're not traders.
It's okay not to be a trader. Holding, as you said, is a good option too which is relatively less complicated but has its challenges.

Those that are lazy and don't want to trade, at least there is an option which is a very effective method that everyone will agree to.

Hold when you can't trade but that doesn't mean that you're limited to holding. But if you want to try trading, there is no one that's going to stop you.

As long as you can get the heat of the market and you're willing to stay and learn as much as you can with the amount of money that you're also willing to lose, that's what trading for beginners.

It's clear that trading is not for everyone and people should just hold if they can't trade, but we also have to let people know that trading is simply a skill. Like every other skill, you get better with proper experience and learn daily.
So if you're interested in trading, start learning. There are different platforms where you can start learning. Also, try to practice what you meant because the best way to learn is by practicing what you have learned. You can have a demon account too, which has helped some people understand how trading works, but you should, it's not in any way the same thing.
Know that you'll make losses, but also know that it's from those losses that you'll learn.

Sure. Whatever the result of our trading, we must get knowledge or new lesson at least. This is very important to support our trading in the future, it will improve our strategy in trading. So, if we realize about the knowledge whenever we trade, we don't focus on the profits only. There is another thing that is also important for our trading, it is knowledge and experience.

Yes, we should adjust the strategy with the current market condition. We must have some strategies because the market condition easily changes. Sure, we can't rely on the prediction because there is no guarantee of it. It can be true or not, so we must prepare any possible thing to happen. In this matter, we must be ready with any market condition possibly happens.

This is true that knowledge is the key to success, but in trading, I think experience is more preferable than knowledge because knowledge you can get from everywhere, like YouTube, courses, or watching a tutorial. But experience is one of those things that cannot be learned or taught; rather, it has to be done. That means that by getting knowledge, you only learn what trading is, what you have to do in it, and so on, but in experience, that is with you. Collectives Knowledge is not only understood, but by proving it practically, it brings out a better output andf gives you a conclusion. Despite knowledge, it only recognizes this thing and does not teach its output.

So it means to say that knowledgee is basic in trading, but experience wins more in the market because he did not start trading by acquiring only knowledge, but he showed his knowledge by practicing it. Which way is more profitable and which can be harmful?
 
People always prefer experienced people over those with knowledge. If we loojk all the new people when they enter to the market, they have knowledge, but they don't have experience. So the majority of people lose their funds in trade because they have knowledge but don't have any experience.

Trading becomes easy when one follows the right paths and everything becomes winning, though there are some trades triggered that doesn't results in profits. Trading is not everyone as presumed, it will take quite long time before a newbie can successfully start earning from the system. Everything needs time and there's definitely those set of people that doesn't have an idea about the system but they do force themselves to learn and at the end of the day, some are profitable while some doesn't stand a chance to gain any solidable profits rather they beckon on losses.

You never told us your present disposition about crypto trading, are you able to overcome all these and earning through it?

Besides, some of your reasons here are why people should be careful when they are investing in cryptocurrency. If you are this fearful when it comes to investment, what about trading that could ruin all your accounts within a few minutes? Most times, I do not want to be so rigid that trading or investment is not for everyone, but at times when I have a rethink, I get to shift my ground on it. We are not equally talented, and to some, it might be the money problem, they might not have enough money to complete their trading when the demo account can't complete the training for them as it might not be able to tackle the issue of taming the emotion. But to others, they can't train to the level of building the needed trading system and plans that will be able to win consistently for them and even withstand the test of time.

For others too, it's just mismanagement, while for the last category, it's their psychology, it is too bad, they can't just deal with it in relation to trading. If any trader/investor is missing in any of those, it might be the end of their trading career no matter how they try. Because it could be so discouraging to keep on losing money all the time without having anything to show for it. Will you continue to lose the money and still stay? I guess No. But to those who will fight and fight to overcome all the hurdles in trading and will rather continue to improve themselves, trading is definitely for them and I believe I am in this category. It's in the end that it will become very simple when you have graduated all stages and have given trading all it takes amidst all odds.

What you mentioned is true, and I can only add to what you said that continuous learning is a good habit for a trader here in the crypto space. Also, it is not always the case that we only use one strategy when we are in the actual trade.

Because the market is unpredictable, that's why the strategy that we will use is always different. That's why we also use indicators because of the volatility of the assets that we have chosen. This is where it is measured if we are really learning something from our study of trading in the industry we are living in right now.