Trading not for everyone! - page 9. | Bitcointalksearch.org

Renampun

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Quote from: letteredhub on August 24, 2023, 05:12:28 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.

if everyone thinks that trading is not suitable for everyone then we will not see anyone losing or winning when trading, there is nothing wrong with trying to become a trader but the thing you have to throw away is the thought that you cannot lose when trading, However, you have to make a good strategy for starting it.
It is highly recommended for beginners to really prepare everything well (skill, mental and capital) without these three, you are just gambling or fantasizing about making a profit in trading.

jasonjm

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Trading requires certain skills, and it is not meant for everyone. Many people had traded in the past but failed because they did not have the required technical and analytical skills to succeed. Trading is time-consuming as well as mentally tiring. Sometimes, even if you have the skills, you will still not be able to make a profit because the crypto market trends can never be predicted. At the moment, most of the people are just holding their investments. If a person is not good at controlling emotions, he should not opt for trading.

wallet4bitcoin

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Quote from: letteredhub on August 24, 2023, 05:12:28 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.

Absolutely candid an advise, I must say.

One of the fugazi often shared is that people are more profitable or the desire of profit to be made is only via trading. The reality of this thought is non-existing.

Investors that DCA are also profitable and other ways of making money or profiting in this space exists beyond just trading.
But if you so consider to be a trader, you must acquire the required information that arms you for what the trading space presents you with.

Trading isn't for everyone but if you are coming in with the notion of becoming one, ensure to learn and do your due diligence so as not to come and 'fill the cup of other people'.

terrific

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Quote from: ?? on ??

crypto trading isn't everyone's game. If you're feeling uncertain about your trading skills, no worries. Consider the "buy and hold" strategy and use every market dip as an opportunity to Dollar-Cost-Average.
Remember, every season has its time. In the crypto world, it's usually the bull market that favors the holders. When that bull charge returns, which it always does, your portfolio of solid projects will likely yield great profits.

It is the alternative but IMHO, the better choice. You can be good at trading but don't have a lot of patience if it's holding.
The holders have significant experience on how it should be when we're about to sell or not yet. There are certain period of times to accumulate, hold and then sell.

Quote from: ?? on ??

Don't feel compelled to follow the herd. Instead, stick with what's proven to work for you. Keep it simple, stay focused.

Yup, if you're a holder and that works for you, stick to it. If you're a profitable trader, stick to it as well.

Pandu Geddon

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Quote from: Natsuu on September 23, 2023, 12:40:12 PM

But, if we were talking about the right mindset. There is only one way to be successful. That is carrying the necessary discipline, patience, work ethic, and professionalism. By seeing a person's table or room, you can already judge how well can they be successful. For me, only the person themselves can judge whether they deserve to be in crypto trading or not. Because we are the only person who is responsible of our own journey.

it seems like it's not just one way. You mentioned quite a lot of things that need to be done.

trading is not something simple that beginners can do easily. assessing whether they are able to trade well or not will require a lot of processing. traders need to try some trades even with all the knowledge they have. and from there the trader will gain experience. so they can see whether they actually have pretty good skills or not in trading.

proptradingpros

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Trading is not easy, especially for newbies who do not have enough knowledge before jumping into trading. However, they can become successful if they follow good trading principles and rules develop trading strategies and stick to their trading plans.

Natsuu

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Quote from: gunhell16 on September 22, 2023, 10:11:26 PM

Quote from: Peanutswar on September 19, 2023, 09:08:58 AM

Quote from: JohnBitCo on September 16, 2023, 04:52:28 AM

Of course, trading is not for everyone because some people don't know, how to do trading and they don't want to learn trading. If you can understand the meanings of trading so trading is the best way to make money for you. If you cannot understand the meaning of trading then trading is not for you.

--

Correct knowledge is really associated with success, but if the knowledge that is known is wrong, it will not push us to success either. Apart from that, of course, there are many things to consider because the right and proper knowledge are also ingredients that we must also know what they are.

The question is: what are the ingredients that are needed for the right knowledge? One of them, of course, is that you are determined, patient, you must have wise decisions, dedication, self-control, and above all, you must have what is called passion in what you do so that you can achieve the profit that you want to happen in the trading activity.

Because if you don't have the above, you don't deserve or belong in the crypto trading business.

Do not mistake a person's knowledge for a person's wisdom and mindset.

If we are just talking about knowledge, it's just about a certain strategy, their methodology how they accumulate wealth, and how they maintain it. To be exact, there's no one way to do a job. There's no right or wrong answer.

But, if we were talking about the right mindset. There is only one way to be successful. That is carrying the necessary discipline, patience, work ethic, and professionalism. By seeing a person's table or room, you can already judge how well can they be successful. For me, only the person themselves can judge whether they deserve to be in crypto trading or not. Because we are the only person who is responsible of our own journey.

gunhell16

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Quote from: Peanutswar on September 19, 2023, 09:08:58 AM

Quote from: JohnBitCo on September 16, 2023, 04:52:28 AM

Of course, trading is not for everyone because some people don't know, how to do trading and they don't want to learn trading. If you can understand the meanings of trading so trading is the best way to make money for you. If you cannot understand the meaning of trading then trading is not for you.

In trading your knowledge is one of the keys to success and profit, if you don't know what the different strategies, proper execution, and tools to use there's a chance you will lose your trade unless you are sitting only in the uptrend trades like in the last year of the pump of the coins. Its like knowledge is equivalent to success in trading and not as always beginners and guts works here.

Correct knowledge is really associated with success, but if the knowledge that is known is wrong, it will not push us to success either. Apart from that, of course, there are many things to consider because the right and proper knowledge are also ingredients that we must also know what they are.

The question is: what are the ingredients that are needed for the right knowledge? One of them, of course, is that you are determined, patient, you must have wise decisions, dedication, self-control, and above all, you must have what is called passion in what you do so that you can achieve the profit that you want to happen in the trading activity.

Because if you don't have the above, you don't deserve or belong in the crypto trading business.

Mr.right85

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Quote from: |MINER| on September 16, 2023, 12:42:56 PM

I agree with you.Trading is not for everyone those who don't have enough knowledge about trading should stay away from trading.

If your asking them to stay away from trading then;

How do they learn?
How do they get the experiences needed to be better traders.

These you can only archive by studying and testing out what you’ve learned on trades. Where it gets different is that, you don’t have to go live on your trades, you can trade on the demo provisions of some exchanges. Those will serve you more than completely backing out. You should only back out when you’ve tried and it’s never helping you.

As oppose to live trades, try the demo.
The only difference between them both is that, you don’t get to master your emotions on the demo trades but, it would serve some purpose in developing a strategy.

Should you be satisfied that trashing isn’t an option for you and you can’t handle it’s stings, then you can stick to holding. Holding is relative safe but, you’ve got to have a lot of patience to hold successfully.

Quidat

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Quote from: Lorence.xD on September 22, 2023, 12:24:48 PM

Quote from: rojan on September 22, 2023, 08:50:34 AM

Quote from: |MINER| on September 16, 2023, 12:42:56 PM

I agree with you.Trading is not for everyone those who don't have enough knowledge about trading should stay away from trading. But you can be a good holder if you want. There is a bull run coming up you can hold bitcoin and hope you don't get disappointed during the bull run. Before you need to gain enough knowledge about bitcoin forums. You need to know, understand and then think about trading. Rather than losing everything by trading, it is important to follow the right path and survive in the forum.

If someone starts trading with knowledge about trading, the chances of losing money will be very less. And if someone does not have knowledge about trading, he will lose all his money after trying to trade. Therefore, those who are new to trading should increase their knowledge about trading and Learn trading with advice from experienced people.

Well knowledge is really important into trading, but if you all have the knowledge you've gather like in the internet or the book, but you can't even start trading and implement your learnings then it would just a waste. Cause one factor that are important in trading is also the experience, if you already have the experience of course some are losses and some are profits, cause by that you could build up your skills and techniques in trading. And I would also like to add in this "Learn trading with advice from experienced people." It's good to surrounds yourself with knowledgeable into trading, but never rely on the other people your funds by waiting for their signals. Maybe updates, news and trends would do.

Theory + real experience would really be the key on making yourself that knowledgeable because reading up wont really be completely making you that we can call to be that knowledgeable not unless you would really be able to experience the market for yourself.Trading isnt really for everyone but we know that you cant really be able to make yourself that able to find out unless you do try.
Dealing with a market which is really that totally unpredictable and random then it would really be that hard. Trading is something that we do know that we can really have the opportunity on making
money but of course it wont really be that so easy on doing so and it does really takes time and tons of effort for you to have that kind of grasps towards the market.

Jocuserious

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Trading is not really for beginners because at first they are unsure and unskilled about crypto trading capabilities. Moreover i think they can be efficient if they study trading for few months perfectly.
Also how easy is crypto investing? You can't buy good coins at a dip! So you need to have sure skills to take every step that is profitable.
Moreover you need to be a sufficient time holder to profit in bull markets. In the bull market almost all tokens increase in price, but especially top coins increase in price, so if you hold on to good projects you will get profits.

Lorence.xD

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Quote from: rojan on September 22, 2023, 08:50:34 AM

Quote from: |MINER| on September 16, 2023, 12:42:56 PM

I agree with you.Trading is not for everyone those who don't have enough knowledge about trading should stay away from trading. But you can be a good holder if you want. There is a bull run coming up you can hold bitcoin and hope you don't get disappointed during the bull run. Before you need to gain enough knowledge about bitcoin forums. You need to know, understand and then think about trading. Rather than losing everything by trading, it is important to follow the right path and survive in the forum.

If someone starts trading with knowledge about trading, the chances of losing money will be very less. And if someone does not have knowledge about trading, he will lose all his money after trying to trade. Therefore, those who are new to trading should increase their knowledge about trading and Learn trading with advice from experienced people.

Well knowledge is really important into trading, but if you all have the knowledge you've gather like in the internet or the book, but you can't even start trading and implement your learnings then it would just a waste. Cause one factor that are important in trading is also the experience, if you already have the experience of course some are losses and some are profits, cause by that you could build up your skills and techniques in trading. And I would also like to add in this "Learn trading with advice from experienced people." It's good to surrounds yourself with knowledgeable into trading, but never rely on the other people your funds by waiting for their signals. Maybe updates, news and trends would do.

rojan

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Quote from: |MINER| on September 16, 2023, 12:42:56 PM

I agree with you.Trading is not for everyone those who don't have enough knowledge about trading should stay away from trading. But you can be a good holder if you want. There is a bull run coming up you can hold bitcoin and hope you don't get disappointed during the bull run. Before you need to gain enough knowledge about bitcoin forums. You need to know, understand and then think about trading. Rather than losing everything by trading, it is important to follow the right path and survive in the forum.

If someone starts trading with knowledge about trading, the chances of losing money will be very less. And if someone does not have knowledge about trading, he will lose all his money after trying to trade. Therefore, those who are new to trading should increase their knowledge about trading and Learn trading with advice from experienced people.

carlisle1

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Quote from: Peanutswar on September 19, 2023, 09:08:58 AM

Quote from: JohnBitCo on September 16, 2023, 04:52:28 AM

Of course, trading is not for everyone because some people don't know, how to do trading and they don't want to learn trading. If you can understand the meanings of trading so trading is the best way to make money for you. If you cannot understand the meaning of trading then trading is not for you.

In trading your knowledge is one of the keys to success and profit, if you don't know what the different strategies, proper execution, and tools to use there's a chance you will lose your trade unless you are sitting only in the uptrend trades like in the last year of the pump of the coins. Its like knowledge is equivalent to success in trading and not as always beginners and guts works here.

Your knowledge is your key and with continuous seek for more adds up the chance of making it more successful. It's not something that
you can just rely on luck or something that you can make a shortcut.

Not for everyone, as there are many things that you should take into consideration to make sure that you are in line with the business that you take.

Dealing with decision making is something you need to work and improve to have a better chance of making decent benefits from this investment/business.

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Quote from: uswa56 on September 19, 2023, 12:47:48 AM

The possibility of quick profits certainly makes many people interested in trading, but sometimes there are other reasons so that not many people trade, such as a high level of risk and also inadequate trading knowledge.
There is clearly a difference between trading and investing, especially as you said in daily trading where the possibility of large and fast profits is also commensurate with the high risk, I think that is a strong reason that not everyone wants to trade.

Indeed, trading is high risk if we have lack of knowledge and experience. But if we have sufficient knowledge and experience, we know how to deal with the risks. So, we won't be afraid to trade anymore. Anyway, we are not a must to do daily trade, there are many other types of trading. There are scalping, swing trading, range trading, position trading, and intraday trading. So, we actually have many options for trading styles/types, we can choose other type if day trading seems quite difficult.

Maybe trading has a higher risk but it doesn't mean investing has no risk. Both trading and investing have their own risks. Whatever we do, we can't avoid the risks but we must deal with the risks. If someone is too afraid of the risks, he/she is better to stay away from trading. Trading doesn't fit with the people who don't have the courage to the risks.

Lanatsa

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Quote from: Sexylizzy2813 on September 19, 2023, 02:53:49 AM

Quote from: xSkylarx on September 19, 2023, 12:12:53 AM

Quote from: Sexylizzy2813 on September 18, 2023, 07:57:18 PM

Quote from: terrific on September 14, 2023, 06:09:59 PM

It is a risky job if you treat it as your main job. There are real life traders and they know that doing this as their main source is hard.
But with experience that they've gathered all over these years, the risk seems to be cute to them anymore because of that built up that they've gone through.
I agree that for newbies, it's best for them to stay as holder first before they commit into a real life day trader. They also have an option to remain investors and holders.

Everything in life is all about risk like I always say, is best you take it or leave it. Those who take risk I see them as those who wants to make it in life so in trading if you're scared of taking risk I don't see you making any profit, instead you'd be stock at a place like a stagnant water, no progress.

Not stepping out of your comfort zone means you won't grow and achieve success in life. This is an overall view not only in trading since if you stay scared of not taking risks then you won't be achieving what you dream of but that doesn't mean that you will take risks without bases. You should have calculated riskslike if this fails there is still a backup plan to make it successful or this would be a high percentage of success.

There are still others who prefer to stay in the comfort zone and there are no problems with it but if you don't want to stay stagnant take those calculated risks and see what will happen.

No doubt about what you said but the thing is that some persons do things without thinking or calculating or even weighing if the possible outcome will yield something positive, they just do it because is good or they know how to take risk, that's foolishness.
Before taking any bold step, make sure it's well discussed with "yourself" and if you're not ok with what you think you can as well discuss it with friends, and there's no way you won't get a better advise from someone who has an experience about the issue at hand, so when you're in the risky past you won't feel left out or see it as something new.

Reasses and trying out to configure whether its a worthy move to be done or not and its just normal that risks taking would really be that normal for everyone on the time that they would be stepping out into this venture on which we know that trading in a market which is really that totally speculative isnt something that would really be that easy to be deal with and this is why it would really be wise that making yourself that get prepared and able to realize on what are the things that lies ahead. Making action without even trying out to think about? This is where mistakes do usually occur and this is something that needs to be look upon.

Trading isnt for everyone which its partly true but making yourself that hinder of doing it just because of this kind of emotion or doubt towards yourself would really be putting you into a situation on which it isnt
really that something recommendable on instilling into your mind. You wont really be able to know whether trading is for you or not unless you do try and this is why if on the time that you do like to trade
but you do hesitated because of the risks involved then you wont really be finding yourself be able to have the progress but rather you would be failing and would really be remaining just like that.

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Quote from: JohnBitCo on September 16, 2023, 04:52:28 AM

Of course, trading is not for everyone because some people don't know, how to do trading and they don't want to learn trading. If you can understand the meanings of trading so trading is the best way to make money for you. If you cannot understand the meaning of trading then trading is not for you.

In trading your knowledge is one of the keys to success and profit, if you don't know what the different strategies, proper execution, and tools to use there's a chance you will lose your trade unless you are sitting only in the uptrend trades like in the last year of the pump of the coins. Its like knowledge is equivalent to success in trading and not as always beginners and guts works here.

Sexylizzy2813

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Quote from: xSkylarx on September 19, 2023, 12:12:53 AM

Quote from: Sexylizzy2813 on September 18, 2023, 07:57:18 PM

Quote from: terrific on September 14, 2023, 06:09:59 PM

It is a risky job if you treat it as your main job. There are real life traders and they know that doing this as their main source is hard.
But with experience that they've gathered all over these years, the risk seems to be cute to them anymore because of that built up that they've gone through.
I agree that for newbies, it's best for them to stay as holder first before they commit into a real life day trader. They also have an option to remain investors and holders.

Everything in life is all about risk like I always say, is best you take it or leave it. Those who take risk I see them as those who wants to make it in life so in trading if you're scared of taking risk I don't see you making any profit, instead you'd be stock at a place like a stagnant water, no progress.

Not stepping out of your comfort zone means you won't grow and achieve success in life. This is an overall view not only in trading since if you stay scared of not taking risks then you won't be achieving what you dream of but that doesn't mean that you will take risks without bases. You should have calculated riskslike if this fails there is still a backup plan to make it successful or this would be a high percentage of success.

There are still others who prefer to stay in the comfort zone and there are no problems with it but if you don't want to stay stagnant take those calculated risks and see what will happen.

No doubt about what you said but the thing is that some persons do things without thinking or calculating or even weighing if the possible outcome will yield something positive, they just do it because is good or they know how to take risk, that's foolishness.
Before taking any bold step, make sure it's well discussed with "yourself" and if you're not ok with what you think you can as well discuss it with friends, and there's no way you won't get a better advise from someone who has an experience about the issue at hand, so when you're in the risky past you won't feel left out or see it as something new.

uswa56

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Quote from: TelolettOm on September 18, 2023, 06:54:31 PM

Quote from: kingvirtus09 on September 17, 2023, 06:33:01 AM

It is true that trading is not for everyone, but not everyone wants to do it either. There are people who like trading but trading don't them. But there are also people who don't like trading, but they don't know that trading is for them. What does that mean?

For example, in my experience here in cryptocurrency, I don't want to understand or trade in this industry; I just want to have knowledge about the matter. But because I had the desire to get an income here, I found out that it can be an opportunity for that kind of thing. So I also saw that trading is the main way to get that, so what I did was find out what I should know and learn, and until now I'm still studying as I apply little by little what I learn and discover on the actual trading platform.

Each person is probably interested in trading because we can earn faster profits in trading. People even can earn profit every day if they do daily trade. Meanwhile an investment takes a longer time to take profits, it can be some months or years. So, I am a bit doubtful if there is a person who doesn't like trading.

In your case, you may not start trading because you are still learning everything about trading. You probably wants to know well first before you do trading. Moreover, you have a desire to earn income from trading, it means you are clearly interested to do trading. It is only about time, you will trade crypto coins sooner or later.

The possibility of quick profits certainly makes many people interested in trading, but sometimes there are other reasons so that not many people trade, such as a high level of risk and also inadequate trading knowledge.
There is clearly a difference between trading and investing, especially as you said in daily trading where the possibility of large and fast profits is also commensurate with the high risk, I think that is a strong reason that not everyone wants to trade.

xSkylarx

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Quote from: Sexylizzy2813 on September 18, 2023, 07:57:18 PM

Quote from: terrific on September 14, 2023, 06:09:59 PM

It is a risky job if you treat it as your main job. There are real life traders and they know that doing this as their main source is hard.
But with experience that they've gathered all over these years, the risk seems to be cute to them anymore because of that built up that they've gone through.
I agree that for newbies, it's best for them to stay as holder first before they commit into a real life day trader. They also have an option to remain investors and holders.

Everything in life is all about risk like I always say, is best you take it or leave it. Those who take risk I see them as those who wants to make it in life so in trading if you're scared of taking risk I don't see you making any profit, instead you'd be stock at a place like a stagnant water, no progress.

Not stepping out of your comfort zone means you won't grow and achieve success in life. This is an overall view not only in trading since if you stay scared of not taking risks then you won't be achieving what you dream of but that doesn't mean that you will take risks without bases. You should have calculated riskslike if this fails there is still a backup plan to make it successful or this would be a high percentage of success.

There are still others who prefer to stay in the comfort zone and there are no problems with it but if you don't want to stay stagnant take those calculated risks and see what will happen.

Topic: Trading not for everyone! - page 9. (Read 2989 times)