Topic: Trading not for everyone! - page 7. (Read 2989 times)

It took me a year or so to really grasp the concept of cryptocurrency trading. I'm not ashamed of anything because I worked hard to learn, study, and comprehend it. Even if I had to go back and forth, it was great since I was determined to learn, and happily, my efforts were rewarded.

I've never stopped studying here, and the more we learn, the better our skills get. It indicates that if we constantly improve our minds here, our minds will remain sharp in their knowledge. And if we can keep it up, we will almost certainly be able to keep profiting from it.

Indeed. More experience means more knowledge and skills to be developed. If you have already traded for a long time, you must have enough knowledge and skills. Only the lazy traders who never developed their knowledge and skills. As long as you are normal traders, you will develop both knowledge and skills. Sure, knowledge and skills are related to learning process. It will be timeless or never ends, every trader must always learn to succeed in trading. If a trader stops learning, he can't adapt the trading strategy with the current situation in crypto market.

Of course, no strategy that will always work forever and with any condition in crypto market. That's why we need to always learn, it supports us to analyze the proper strategy for the current condition in the market. More knowledge means to have more alternatives in the strategies to apply.

Regardless, trading is not for everyone. This is not to discourage people but to help them avoid wasting their money and time if they are most importantly such that can't control their emotions. Good, what you are preaching is accurate, and a means to encourage everyone, but at times, motivation could put people in more trouble, so it's better to say the reality. Not that people will not try their best in trading at all, but after many years of trying without success, I don't think that wasting more money is wise. I know traders in this category, some also quit along the line, yet, I am only happy that I made it and did not quit. Everybody can't be the same.

As much as I always encourage people on this, I know the worst path I had taken and the money I wasted, and I don't think many people can take such a path and survive. To trade, one must have a very strong mind aside from the trading system and others, this is what keeps traders going with any plan they have for the task. But unfortunately, most minds are weak, I know this because I have tutored many and I have them as friends, it's either they give up easily or they are not just qualified for trading. This, they should know by themselves, and if they are sincere enough, why waste money when they are not adequate?

However, I will continue to encourage the new and challenged traders on how to get better at trading, but let them decide on their own if they still have the will and energy to carry on. This, I doubt if the majority will be able to escape through.

In each experience that a trader encounter there are knowledge and skills that they can be developed, we all can agree that it's continuous learning
process if we are dealing with trading.

No one can say that they have that strategy that will work every time. There are chances that the market will not be in your favor, so you need to adjust.

With adjustments, you will be able to anticipate both sides of possible market direction and you can place your position, either
it will reach or you need to make a stop if things won't be siding with your favor.

Of course, knowledge is the most important factor in trading, without knowledge, it is never possible to succeed in trading. Good experience is definitely needed to get success and knowledge is very much needed otherwise a person will never be profitable. Of course these strategies should be adopted by a user but he will get good profit by trading and he will be able to advance in future. But most of the victims in trading are new users who often take wrong decisions and take risks. That's why for newbies to get success in trading they must acquire good knowledge and trade according to good advice then he will get good profit.

That's what other people who enter crypto trading don't understand. They think it's really easy to make a profit in crypto trading. If the experts make mistakes or even lose here, then they're still not experts, right?

That's why if anyone decides to study trading in this field, they should think carefully, because not only will it take a little time to spend here, but of course we are talking about thorough study and perseverance, because they are skills that can be considered when learned in reality. I hope other newbies can figure this out.

it's just a little different thinking to gain an advantage. because sometimes there are those who are successful in investing but are very unlucky when trading. or maybe on the contrary those who are good at trading are not very lucky with their investments.
There are many factors that influence a person's thinking in this matter. but what is clear, their goal is for profit. and as long as they know how to make a profit, they can do it. whether trading or investing.