Topic: Trading not for everyone! - page 8. (Read 3298 times)

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.

The best way to start the cryptocurrency ecosystem journey is to invest in it and while you are investing in it you start to learn how to trade and when you have known how to trade very well then you can trade with cryptocurrency. And really as the op said, trading has made many up coming millionaires back to their grassroots. And they became from Grace to grass and not from Grass to Grace. And I also agreed with the op that trading is not for everyone. If you know you can't do it just stay on your lane with invest. Hodling Bitcoin has nothing to loss.

I sometimes think they were lucky for buying bitcoin for very cheap like cents or some dollars, but after overthinking it. I come to a conclusion that they may have forgotten about their investment or they risked so small to not react or sell after seeing more than 10% pumps and dumps. I invested something in altcoin one day my that altcoin pumped for 10% and another day dumped where I had invested after that day it pumped to 10% than this cycle repeated 3 times on 4th times I booked profit thinking that when It will dump this time I will buy for cheap but it never dumped instead gone to 20% so it is very hard to hold for long time.

Holding crypto isn't for everyone either. Back when I was still new to all the crypto stuff I would be pretty smoked seeing my crypto go down like seriously?

I wanted to try trading crypto but couldn't do so without these insane ass fees.

Anything that can give out that potential income or earning is always considered to be good excluding with gambling though on which it would really be just that wise that you should really know on how to make yourself hover into this kind of career on which trading is something that could give out that kind of opportunity which there's no doubt on that. It is really just that its not really that something simple to deal with or something
that would really be that really be easily grasps up by someone on which this do simply involved with having skills and wise decision making with it. Trading cant really be learnt up on a short period of time on which
you would really be needing on spending up sufficient time and effort before you could really be able to have a good grasps into it.

Usually people do really rush up themselves on dealing up with something specially on trading on which these things would really be causing that kind of a mistake and error which it would be resulting
in loss of money. Its true that there are really just that things which arent really for us no matter how hard we do try but of course it would be ideal that you should really
be that making those conclusions on the time that you are dealing with specific time frame and not really just that in few moments or short time.

Sure, trading Bitcoin or altcoins is categorized as a good activity because it offers the chance to earn money if we succeed in trading. I don't know whether it is a favorite activity or not, people may have different perception about trading in a different place. In a certain place, trading can be popular activity but it can be not a familiar activity in another place. 

Well, not every person can succeed in trading. So, not all young people can become millionaires in trading. In this matter, we can't conclude that many young people can succeed and be millionaires. We must admit that there are many people who experience losses in trading as well. In reality, not everyone can earn good money from trading.

Yeah just the fact trading not for everyone. Mostly those having the mindset that trading us profits getting scheme without any solid knowledge about it. Due that belief many traders have loss all their funds for trading.For instance they will see people on social media showing off their profits, you think they will also show off their losses and before they went to that level of making those profit they undergo different stages to study about trading and doing the journey I'm pretty sure their losses was more than their profit. What I'm trying to say is that don't any one deceive you they many ways to earn with cryptocurrencies if you see you ain't cutoff for trading then focus on holding taking adventage of market dip doesn't me is also  risk free but trading, especially future trading is more risky. But for those that still have the drive to keep trying put that drive in learning first and you will see how it will benefit you in a long run.

Yeah trading is not for everybody that is the reason exchanges come with different tactics like bot copy trading,  that enables any one who don't know how to copy or create their own trade.

Bitcoin and crypto trading is a good activity. It is a favorite of the new generation and youth. Women also do it with great enthusiasm. Trading is a such task. Which everyone can learn. And can earn by trading. Trading is also gives fun. And this is a good positive activity.
 Many young and old have become millionaires trading on crypto. Trading here does not require a lot of capital, but it starts with a small amount of capital. Whereas in normal traditional business, the business requires a lot of capital. While crypto work can be start with very little capital, anyone can do it. And can earn well.

I can compare the results that I have already received from hold and over the same period from trading, so I am not just talking about possible options, I am talking about real results and I see that trading takes up too much of my time, so perhaps there is no point in doing it.

Long-term hold brings significantly better results and does not require much of my time, I can spend free time with my family and this is much more valuable to me, and at the same time, the money I traded can also be invested and they will bring profit. All traders cannot have the same results, maybe someone can outpace the market growth in trading, but this is not given to everyone.

It's not an easy thing to be able to trade correctly, many of us give up halfway, but there are also those who are more interested in learning to trade, but don't immediately place all your capital for short-term trading, we can regulate the portion by holding, because it doesn't matter. makes us frustrated and we just have to sell it when the profits match our analysis. Short-term trading is slowly learned until you will understand it yourself

I don't think you have anything to be ashamed of that you have spent enough time studying and learning. There is no age to learn You can take any education at any age. When I studied in the university, I saw that many of my senior brothers were in the same class with us. We were probably the youngest students in our department and many seniors were in the same class as us. If they were shy to study with juniors, then they could not study with us, rather they did not value the age but education, that's why they took classes with junior students like us to learn. It takes you full year to learn about trading but there are many new traders who don't feel the need to learn about trading at all they just take trading based on market volatility. You have studied trading for a year and that person has not studied trading, here you are definitely more likely to make the right decision in trading.

I spend a little less time trying to figure out trading, and to be honest, it really tired me, and the results compared to my holding portfolio are simply ridiculous. Considering how much time I spent on trading, I expected that I could achieve more, but in the end I see that holding brings me significantly better results, incomparably better.

At the moment I’m not sure whether it’s worth continuing trading, I suspect that my results will not change much in the future, and I see that in my case it’s better to spend the time that I spent on trading on overtime work and in this case I can earn more , and the money I earn can be invested and get additional profit.

Never ending update with every knowledge that you acquire in each trading participation that you made, it's more on adopting with
how the outcome turned to, either you made a profit, or you lose your position, the matter is the knowledge that you acquire.

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.