Topic: Trading not for everyone! - page 9. (Read 3303 times)

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.

Trading can make you rich faster than holding your investment for a long time, and many people don't have the patience to hold their bitcoin for a long time to earn a profit,  they rather get money faster That is why they try Trading and they will not get much knowledge about it, because if they just told them they will get huge profit if they engage in trading they don't know is more riskier than holding for long term, because anyone who invest in bitcoin and leave it for many years will definitely get profit, but he trading you can lose your money immediately if he didn't go well, but bitcoin investment even if the price decreases and you leave it he will surely increase and you can get your capital and profit.

Trading is good because many people have succeeded in trading, which is why they continue to talk about it if trading is bad, no one will want to do it, it's just that it's very risky and if you can't risk your money it's better to invest in bitcoin for the long term and profit. Because it is the only coin that can be trusted and will make a lot of money if the market goes smoothly.

I think anyone can learn trading and to become a pro or not its up to them. "Good traders never stop learning"


True, when in profits = excitement and euphoria then it will leading to greed and overconfidence.
And when the result starting to against your trading plan, fear and panic will come.
Just accept it and move on.


and you must set the trading plan, not only hold it tightly and wait for the price up. Remember most of the trading strategies work best when price action is volatile.

Yes you are 100% right. Some qualities are built in in human, I mean God gifted qualities.
I think patience is the most important thing in trading. And don't do trade with emotions. Because it will give you more loss.
Analyze everything before buying any coin in crypto and when you buy hold it tightly with patience.

Those who choose to be able to learn after experiencing failure in their trading will of course understand trading better because they have had the experience of failure and of course they will not repeat the same failure as they have experienced before.
Yes, you are right, those who can make profits in trading certainly understand well when is the right time to enter the market to make a profit and when to stop to enjoy the profits they have obtained.

Trading will be far more difficult than investment because both of them are different and depend on how people knowledge is involved in one of them. No need to force yourself to enter the field of trade because it requires knowledge and experience to get started, but don't worry when someone is interested in doing so, taking a small number of trading approaches will help practice your abilities. Trade can also be learned slowly and maybe experience will teach us to find more appropriate ways.

It is important to have previous knowledge to start and in this way a person can practice how to trade slowly. Taking a small approach from trade will train a person's ability to get involved in it. Trade is not for everyone but trade for people who dare to take risks and continue to improve the mistakes that have been made.

trading & investment both of risky to newbies, long term investment is low risky judging short term,
newbies should start only bitcoins because without knowledge it can start, trading and altcoins are very risky,
in trading beginner can start with some money which is small then lose is not big affected to traders, it will be practice to learn trade with large amount.

That's because the biggest problem with newbies who enter crypto trading is that they think it's easy to make a profit here. which is not really true, so it is really important that our brains are full in this kind of business field.

We shouldn't be like other newbies who only think about what will happen, because here in the forum community, we have learned a lot from our experiences. So we often tell newbies to remind them of these things.

Trading is simply not suitable for people who do not yet have knowledge about how to trade and also experience about trading. Although more experience can only be gained when someone has started trading frequently, when someone has gained more knowledge and sufficient funds for this. Because if you only rely on a certain amount of funds, it will only make you frustrated more quickly when you experience losses or lose the amount. So the importance of knowledge and experience provided by other people towards a better way of trading has become a pretty good foundation for everyone who wants to trade.

And those that lose in crypto trading will definitely look for way to settle down to learn more about crypto trading before they will involve themselves again in such investment, because they never knew that crypto trading is not for everyone. Those that made money from their crypto trading are those that know when to trade to take a huge amount of money from the market, and they also know when not to trade than to continue holding till the price of the market change positively before they can go ahead to trade their coins to make a passive income. If you invest your money on a potential projects, there is no way you will experience disappointment from your holding than to make something that will change your life for good.

This is actually true on which on the time that you would be having those kind of winning trades on your first try then this is where you would be having those kind of thoughts that it is really that easy
until you would really be that become that too overconfident and this is where mistakes would really be starting to pile up. Sooner or later you would really be able to realize that it was never been that
easy on which you would really be making yourself that going back to the drawing board and would be learning on what are the things that needs to be learned.

People would usually really be having those kind of impressions just like in gambling too, if they do test it out on their first time and ends up on winning
then they would be having thoughts that its easy. Trading is for everyone, there are really just those people who cant really be able to bare up with the risks
and this is why they do chose on not to make any actions.

That's what you call beginner's luck, I'm sure most of the traders experienced being lucky in their 1st - 3rd trade and from that they have thr sight of trading is easy and can gives a lot of money, but that's when we stumble once after that the path is unclear and difficult, you will experience many losses and also discouragement because you will be cautious and wary in every trade you will do, I think that's wgeb we should step up and look what we are lacking because that's the turning point in which you will understand that you need to grow before you can trade efficiently, you need to invest time and effort to gather knowledge and experience before you can see that you are earning in trading, and even in that point you will still experience losses but not thar too impactful to you, so knowledge and skill is the key to survive in trading.

Valid point for newbies. Trading isn't like just let's start and make profit. Trading needs knowledge about fandmental, analysis ability and many more. Even skill won't be sufficient enough for some trades cause market won't always follow the same rules. It could be change with difficult & current circumtennces. I did trade without knowing anything and loss my fund much of the time and so quit myself until i gain the ability. It is important to manage your fund with patient

When i first started trading my initial two trades were winning trades which made me around 25% profit, after that i was dreaming about Luxury future.
but it never came true because after that two trades i was making losses. and come to this thinking that how anyone can make profit from it?

When we lose money in our trades, we remember those mistakes for a long time. We learn from these errors, and that helps us start making a profit.

After a few months in trading, you can only understand that this is not an easy job, but you are unlikely to be able to start making money so quickly. In order to make a profit in trading you need very good knowledge, experience, stress resistance and enormous discipline. If a beginner initially possesses at least a small part of the listed qualities, then his chances will be higher, but almost every story of a successful trader begins with losses, this is how experience is gained, I doubt that there is any way around this.

Trading is risky so newbies should go for investing instead of trading. When they're investing then they can learn how to trade and in few months they can become well educated on trading and can start trading with the profits they have made from investing in Bitcoin or altcoins. Any individual that think he can trade without having the knowledge on trading will lose all his money because the market is very volatile and it takes experience to be able to profit.

In the beginning trading isn't for everyone but any individual's that wants to learn how to trade can do that in a short time and start making profits from the market like experts. Cryptocurrency investing is very easy to do because you can't do anything wrong when you buy Bitcoin.