Unknown fact our profitable colleagues won't tell us

Silberman

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Quote from: AnonBitCoiner on January 13, 2024, 02:10:09 PM

For those who are experts in trading, there is no guarantee that they will not experience losses from their trading, but they will be able to reduce the risk of losses that they will experience in trading because they already have experience in the trading they do.
You are right, everyone will certainly experience losses in trading, but not everyone can recover from the losses they experience and also not everyone will share how they work with other people for the various reasons they give.

In trading everybody will experience loss at any stage of life no matter he is an expert or not but traders cannot become perfect as market is not stable. Although it can be true that experts and experienced traders will overcome mistakes whereas newbies will face great troubles and their loss will be more than an expert traders.

The main difference here is that expert if loss one time then his loss is lower and win are more so it cannot effects his profit but a newbies who did not have learned anything will loss again and again so in such conditions his win percentage will be lower which will badly effect his financial status.

Expert traders can lose a trade like anyone else, the difference is that they will minimize the number and the size of the mistakes they make, this way when they lose it will not be a big deal and they will know they can still profit from the trades that turn on their favor, but a bad trader not only will make a lot of big mistakes, which is bad enough already, but they will not learn from them, so the next time they are in the same situation they will make the same mistake, making impossible for them to obtain profits with the remaining successful trades they make.

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For those who are experts in trading, there is no guarantee that they will not experience losses from their trading, but they will be able to reduce the risk of losses that they will experience in trading because they already have experience in the trading they do.
You are right, everyone will certainly experience losses in trading, but not everyone can recover from the losses they experience and also not everyone will share how they work with other people for the various reasons they give.

In trading everybody will experience loss at any stage of life no matter he is an expert or not but traders cannot become perfect as market is not stable. Although it can be true that experts and experienced traders will overcome mistakes whereas newbies will face great troubles and their loss will be more than an expert traders.

The main difference here is that expert if loss one time then his loss is lower and win are more so it cannot effects his profit but a newbies who did not have learned anything will loss again and again so in such conditions his win percentage will be lower which will badly effect his financial status.

tygeade

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Quote from: AicecreaME on January 13, 2024, 05:10:59 AM

Quote from: Barikui1 on December 10, 2023, 12:59:18 AM

When you take only such trades, even though you lose 60% of your trades, you will still be profitable.

Correct me if I'm wrong but how come you're still profitable if the 60% of your trade is a lose streaks? this is so confusing.

What you've been stated is all the obvious, of course you're going to need quality trades using your experiences in trading in order to make profits, without it, I doubt that you're going to be profitable in your trading journey. Trading is all about skills and knowledge in order to be a successful trader.

You could lose 100 dollars 6 times in a row, and make 1000 dollars once and that means you are in profit? Is it like something like that? I am not really sure I do not know what OP was talking about. All in all the profits are not easy and easy at the same time, it could be easy on a bull period when the prices go up, and it is not easy when things are going down, unless you are shorting.

I have a lot of friends who made money in the last 10 days, and a lot of friends who lost money in the last 10 days. And they are not like bad vs good traders, these are all great traders, it just happens at times and we need to forget about our losses and not chase them and keep attacking what we know how to do, that would work.

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Quote from: Barikui1 on December 10, 2023, 12:59:18 AM

When you take only such trades, even though you lose 60% of your trades, you will still be profitable.

Correct me if I'm wrong but how come you're still profitable if the 60% of your trade is a lose streaks? this is so confusing.

What you've been stated is all the obvious, of course you're going to need quality trades using your experiences in trading in order to make profits, without it, I doubt that you're going to be profitable in your trading journey. Trading is all about skills and knowledge in order to be a successful trader.

bitLeap

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Quote from: Zoomic on January 12, 2024, 10:28:27 AM

Quote from: bitLeap on January 12, 2024, 02:41:26 AM

And even if they share the trick, it is not certain that the person they share it with will be able to apply it properly and correctly which can bring profit, because usually traders develop their own strategies according to their abilities and not everyone fits the strategy, so it is recommended for a trader to have his own pattern that will make it easier for them to trade.
I agree, that in business, trading and so on related to money, then the choice is two, profit and loss. We cannot say profit and profit, and loss and loss, because those two words will always go side by side.
Everyone must want to always be profitable, yes I admit it. But the problem is that it's something that we've actually realized that there's no way we're always going to make a profit.

Everyone should actually have tricks that are peculiar to them, this strategies are as a result of their personal experiences as traders and the amount of capital available to them. Some strategies do not work for low capital investors. With these strategies, they will be able to map out their trading plans. What we should know is that what will work for Mr A might not work for Mr B.

Traders make this mistake of focusing so much on making profits. Yea we know that making profits at the end of our trades is the goal, but if we focus so much on how to make profits, we might start making decisions out of greed and deviate totally from our well structured trading plan to the other influenced by greed. Just like every other business, it's either you make profits or you make losses, we have to bear this in mind that it's not profit profit all the time .

Yes, that's why I said the same strategy might get different results if 2 different people use it. We can't always see that a strategy that works well for someone else will have the same results if we use it.
You're right, when we only focus on profit, then eventually we will be ruled by greed, and the decision making we do is no longer based on knowledge but it will be based on greed. And we already know that when we are controlled by greed, we will get something harmful to us, and in the end we will regret it.
Basic things like this must be understood by a trader, do not forget anything, because it will have a bad impact.

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Quote from: Strongkored on January 12, 2024, 08:38:31 PM

Quote from: |MINER| on January 11, 2024, 11:17:30 AM

Business is about profit and loss. No matter how skilled one is in trading, one has a history of losses. However, if the experienced loses, they try to increase it at a double rate. There are some tips that not all traders share with Karo. Everyone faces loss but it is interesting to see how much he can take the loss. Each person's skill level is different. Of course, not everyone will share all the tricks with everyone.

Traders who don't share their tricks with other people understand that it could be interpreted as wrong information, because if they only share their profits it will make people think they are successful in their trading even though it is impossible that they never lose in their trading, so traders who want to share their tricks must also informs that it is not a guarantee of profit, there is even a chance of loss because the market can change in an instant due to the influence of events that occur in crypto if you trade in crypto.

Yes, that's a mistake that happens a lot nowadays. someone shares success in trading and attracts others to learn to trade. they only learn about how to trade without telling them the risks of trading that can make us lose.
So it's not surprising to see beginners lose in trading and judge crypto trading to be gambling or fraud. it's all because of their ignorance.

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Quote from: |MINER| on January 11, 2024, 11:17:30 AM

Business is about profit and loss. No matter how skilled one is in trading, one has a history of losses. However, if the experienced loses, they try to increase it at a double rate. There are some tips that not all traders share with Karo. Everyone faces loss but it is interesting to see how much he can take the loss. Each person's skill level is different. Of course, not everyone will share all the tricks with everyone.

Traders who don't share their tricks with other people understand that it could be interpreted as wrong information, because if they only share their profits it will make people think they are successful in their trading even though it is impossible that they never lose in their trading, so traders who want to share their tricks must also informs that it is not a guarantee of profit, there is even a chance of loss because the market can change in an instant due to the influence of events that occur in crypto if you trade in crypto.

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Quote from: batang_bitcoin on January 08, 2024, 01:21:12 PM

Quote from: traderethereum on January 07, 2024, 10:44:58 AM

In trading, we are always required to improve our analytical skills so that we know when to enter and exit the market.

But when the time of greed hits you, you will have no idea if it's the time to exit and just take your profits, and in this process, many get it wrong.

Quote from: traderethereum on January 07, 2024, 10:44:58 AM

We also shouldn't be too greedy in pursuing profits because the market will not always be in an upward position.

Set some acceptable amount of profits depending on your capital and trade. There's no need to hurry, as long as you get a profit more than the capital you've started with. You're okay with that or set some percentage that are not too exaggerated.

There areany things that are happening in the market that keep restricting us from getting more profits from the market even when we have a good strategy that could afford to keep giving us consistent winnings. Our capital is one thing we need to look at and this is the major factor that would determine how much we would be earning from the market. Even though we enter the market at the same time and left the same time too. Our capital is what is going to determine how much we would be earning from the market.

Zoomic

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Quote from: bitLeap on January 12, 2024, 02:41:26 AM

Quote from: |MINER| on January 11, 2024, 11:17:30 AM

Business is about profit and loss. No matter how skilled one is in trading, one has a history of losses. However, if the experienced loses, they try to increase it at a double rate. There are some tips that not all traders share with Karo. Everyone faces loss but it is interesting to see how much he can take the loss. Each person's skill level is different. Of course, not everyone will share all the tricks with everyone.

And even if they share the trick, it is not certain that the person they share it with will be able to apply it properly and correctly which can bring profit, because usually traders develop their own strategies according to their abilities and not everyone fits the strategy, so it is recommended for a trader to have his own pattern that will make it easier for them to trade.
I agree, that in business, trading and so on related to money, then the choice is two, profit and loss. We cannot say profit and profit, and loss and loss, because those two words will always go side by side.
Everyone must want to always be profitable, yes I admit it. But the problem is that it's something that we've actually realized that there's no way we're always going to make a profit.

Everyone should actually have tricks that are peculiar to them, this strategies are as a result of their personal experiences as traders and the amount of capital available to them. Some strategies do not work for low capital investors. With these strategies, they will be able to map out their trading plans. What we should know is that what will work for Mr A might not work for Mr B.

Traders make this mistake of focusing so much on making profits. Yea we know that making profits at the end of our trades is the goal, but if we focus so much on how to make profits, we might start making decisions out of greed and deviate totally from our well structured trading plan to the other influenced by greed. Just like every other business, it's either you make profits or you make losses, we have to bear this in mind that it's not profit profit all the time .

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Quote from: Barikui1 on December 10, 2023, 12:59:18 AM

In other to be a very good and Skill traders we should not stop learning to enhance our trading ability.

In trading no matter how skilled a trader is, he will most times lose some of his trades because no one has a crystal balls.
What makes them stands out and make them profitable is the risk to reward ratio, yes I mean 1:3 risk reward ratio.

If you aren't a gambling trader 1:1 or 1:2 are still profitable take profits but what will determine your stay and survival is you winning percentage, if you can have this percentage above 60% then you should survive...

Quote from: Barikui1 on December 10, 2023, 12:59:18 AM

When you take only such trades, even though you lose 60% of your trades, you will still be profitable.
Though most people have the ability to win 80% of there trades because of how skilled they are.
It's very important that you take only trades that makes the good days to count, don't take any trades that wouldn't give you the minimum 1:3 risk reward ratio.

"Only trades that makes the good days to count" You make it sound like people lose deliberately Roll Eyes

but I understand what you trying to say Grin

, as a matter of fact if you over leveraging your account with poor risk management not even this minimum 1:3 risk reward ratio will help you survive!! There is a whole lot of stuff that goes into trading and personally I consider trading to be more of an emotional skill than the technicals and fundamental analysis...

Questat

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Quote from: |MINER| on January 11, 2024, 11:17:30 AM

Business is about profit and loss. No matter how skilled one is in trading, one has a history of losses. However, if the experienced loses, they try to increase it at a double rate. There are some tips that not all traders share with Karo. Everyone faces loss but it is interesting to see how much he can take the loss. Each person's skill level is different. Of course, not everyone will share all the tricks with everyone.

For those who are experts in trading, there is no guarantee that they will not experience losses from their trading, but they will be able to reduce the risk of losses that they will experience in trading because they already have experience in the trading they do.
You are right, everyone will certainly experience losses in trading, but not everyone can recover from the losses they experience and also not everyone will share how they work with other people for the various reasons they give.

Everyone commits mistakes and every trader suffers losses before they learn to trade. Some had taken their leave and some continued their journey.
There is no secret to becoming successful aside from being patient and having knowledge and skill. If we wonder why we never succeed even though we are following the advice from successful traders, it is definitely because we differ from making decisions and for sure, we don't have the same response in a particular situation. Some will lose and some will earn a profit, this is the nature of trading and not all go successfully, some will fail.

bitLeap

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Quote from: |MINER| on January 11, 2024, 11:17:30 AM

Business is about profit and loss. No matter how skilled one is in trading, one has a history of losses. However, if the experienced loses, they try to increase it at a double rate. There are some tips that not all traders share with Karo. Everyone faces loss but it is interesting to see how much he can take the loss. Each person's skill level is different. Of course, not everyone will share all the tricks with everyone.

And even if they share the trick, it is not certain that the person they share it with will be able to apply it properly and correctly which can bring profit, because usually traders develop their own strategies according to their abilities and not everyone fits the strategy, so it is recommended for a trader to have his own pattern that will make it easier for them to trade.
I agree, that in business, trading and so on related to money, then the choice is two, profit and loss. We cannot say profit and profit, and loss and loss, because those two words will always go side by side.
Everyone must want to always be profitable, yes I admit it. But the problem is that it's something that we've actually realized that there's no way we're always going to make a profit.

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You just used other term and made that ratio look as if it's not that much. 1:3 risk ratio is like winning 300% with your trades and don't you think it is easy?

It ain't easy if that's the minimum that you're going to do. There are even traders that are good and out already after making 10% of their capital and that's enough for them.

This is the reason why many traders get rekt, 60% of losses and you will still in profit if you recover with that much losses? Not sure if I am confused.

|MINER|

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Business is about profit and loss. No matter how skilled one is in trading, one has a history of losses. However, if the experienced loses, they try to increase it at a double rate. There are some tips that not all traders share with Karo. Everyone faces loss but it is interesting to see how much he can take the loss. Each person's skill level is different. Of course, not everyone will share all the tricks with everyone.

cafter

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Wow after seeing the title of the threads I got exited that I will learn something new about trading and get a edge.
but got disappointed after reading the thread. it's all about risk to reward ration nothing new lol. there is not secret in trading everything is open and information available online and on books.
we just need to work hard and learn more to be able to profitable. and maybe finding a consistent profitable trader that can teach us is helpful.

Quote from: Silberman on January 11, 2024, 12:23:01 AM

Newbies are often deceived by scammers that claim that they can win all the time or that promise them a winning rate that is too high to be possible, but even when good traders do everything right they lose and do it often, however since they have tested their strategy against the markets they know that those losses are only temporary and they keep trading as usual, while a newbie trader due to the expectations they have, cannot tolerate to lose more than a few times in a row before they lose their minds and make a bunch of reckless trades.

yes, newbies then tend to take more risk to recover the previous losses instead they need to learn and figure out what thing they are doing wrong.

Silberman

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Quote from: irhact on January 10, 2024, 01:45:58 AM

You're correct, newbies think they can keep winning everytime they trade but that's not how trading works. When trading sometimes you win other times you can lose but that shouldn't make you quit. The professional traders also lose, when you lose you have to use that chance to learn new things. You can learn why you failed that trade and use the lesson you learnt to make better trades when next you're trading and that's how to grow your knowledge in trading cryptocurrency.

I don't think there's any unknown facts about trading that we should know that's hidden, we already know them but many traders aren't using this things they know when trading. They're just trading with the mindset that they're gambling therefore they don't need to use technical analysis or other analysis to understand the market, they just want to make quick profits and that's why they'll keep losing until they're ready to learn trading properly.

Newbies are often deceived by scammers that claim that they can win all the time or that promise them a winning rate that is too high to be possible, but even when good traders do everything right they lose and do it often, however since they have tested their strategy against the markets they know that those losses are only temporary and they keep trading as usual, while a newbie trader due to the expectations they have, cannot tolerate to lose more than a few times in a row before they lose their minds and make a bunch of reckless trades.

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Quote from: Barikui1 on December 10, 2023, 12:59:18 AM

In other to be a very good and Skill traders we should not stop learning to enhance our trading ability.

When I saw the topic of your thread, I didn’t see what I was expecting to see. What you posted here is just what everyone who’s really into trading knows about. I was hoping to learn new things that I hadn’t seen or heard from anyone before, but the things you posted are what I knew even before I started trading. Anyone who sees your post will definitely want to read it.

Quote from: Barikui1 on December 10, 2023, 12:59:18 AM

In trading no matter how skilled a trader is, he will most times lose some of his trades because no one has a crystal balls.

Trading is all about profit and loss, and most traders know about that. If you are trading, you can't always be right, sometimes you will be wrong, which means you are going to lose, but we have to make sure that our profit is more than our loss. If your loss is much, then something is wrong. You should just stop trading and work on your strategy.

Quote from: Barikui1 on December 10, 2023, 12:59:18 AM

it's not by taking multiple trades, it's about the quality of the trades that makes the difference.

When learning how to trade, why do you have to enter multiple trades at once? If the trades you are in are too many, then you will find it difficult to monitor your trade. You can just enter maybe a trade or two trades at once and make sure you follow them up. The more you get used to trading, the more you can increase your trade, but entering multiple trades makes you lose control of your trade.

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Quote from: tygeade on January 10, 2024, 01:04:16 PM

Quote from: Barikui1 on December 10, 2023, 12:59:18 AM

When you take only such trades, even though you lose 60% of your trades, you will still be profitable.
Though most people have the ability to win 80% of there trades because of how skilled they are.
It's very important that you take only trades that makes the good days to count, don't take any trades that wouldn't give you the minimum 1:3 risk reward ratio.
That's what the profitable traders do, no one has a crystal balls, everyone do experience some losses, but if you can win 50% of your trades while trading only 1:3 risk reward ratio then I bet you, brother you are definitely smiling too the bank .

Quality of the trade do matter, but it also depends on the type of trader you are. Some traders make 100 satoshi in 100 trades, some make it in one trade, some wait out to make 10 thousand dollars more, some wait for just a few bucks in trade and close it and open another a thousand times a day. It is not really a right or wrong way, as long as you are profiting it doesn't matter how you do it, it's all on your own decision.

I believe that we are going to end up with something that would profit us, and I think the best thing to do in this case would be just making sure that we are dealing with some great return, that should be the most important part. If we can do that, then who cares how we do it, as long as the profit is there.

Totally would really be that situational on which we do know that success is something that could really be influenced by different factors on which we do know that not all people would really be having on the same decisions when it comes on dealing with trading. Results and outcomes would really be that different to each other on which it is really just that not right that you would really be that conclusive that you could achieve
on something which we dont really even know on how things would really be ending up. As for results, then its totally random and it would really be that according into your trading skills and decisions and a little bit
mix of luck on which we know that outcomes will really be definitely vary.

Quote from: Renampun on January 07, 2024, 01:36:29 PM

The big mistake that many traders make, especially newbie traders, is chasing victory too much, even though it's all just a trap, it's impossible for a trader to make 100% profit, there will definitely be a few losses but that's not a bad thing because in trading a loss is reasonable.
I once saw a video made by a pretty good trader, he said that losing 45% and winning 55% is quite a good thing, so accumulate the losses and wins that you experience, because no trader is perfect, even as he explains in the video that he has experienced 40% losses compared to wins in a month, trading requires a good strategy, and not chasing wins too much is a good thing, keep learning.

Make yourself something like this, sooner or later you would be finding out yourself on being that making too much losses because making yourself that desperate
doesnt really give anything good to someone and if you arent that good when it comes to control and handling out situations then you wont really be that progressive.

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Quote from: Franctoshi on January 09, 2024, 12:43:59 PM

This is true, but I doubt if this is the only thing that makes them stand clear just as you have said is risk to reward ratio, there are a couple of other things added to this point to make you a profitable trader, risk management cannot be taken out from being a successful trader.
When you overleveraged on an account, Market will barely give you that opportunity to hit your t.p Levels, your stop lose will always get hit from my experience.

I have someone who is profitable in trading I follow online and a friend who manages huge amounts of dollars successfully for a couple of years, one Unique thing I have discovered from them is that they don't over risk or over leverage on the account they manage, they use small lot size equal to the amount of money they manage.

The traders are taking huge risk by using your money,may be they get some decent profit on the good performance.But the result of the person who do random trade using the other people money.It was essential one for the trader who using the other money can risk maximum upto ten percentage of the money.Because we can cover that ten percentage of money in the trading by the other project output.The fact is trading is not easy one,we need to work for the background of the trading analysis for the good output.The trading person shouldn’t choose the wrong person which leads to big loss.

Quote from: Best-mary on January 09, 2024, 08:54:45 AM

Well said, adding to what you have said, is best a trader back test his failing trading. Asking the question why?

Why did I get stopped so quick?
Why did I fail this trade?
Why this and that... When a trader finally gets the answer, the will know how to mitigate many losses.. And as such light even add some technique like the sniper range I use most often, good profit if I get my target.

We just have to keep practicing that's all

The trader should ready to learn the trading,So he can manage the big money in the trading.Many of my friends doing the trading as their full time job by risking of quit their real job.The losses was common in the business whether it’s trading or real business doesn’t matter.But how the person comeback from the loss is more important one to successful in that business.

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Quote from: Barikui1 on December 10, 2023, 12:59:18 AM

When you take only such trades, even though you lose 60% of your trades, you will still be profitable.
Though most people have the ability to win 80% of there trades because of how skilled they are.
It's very important that you take only trades that makes the good days to count, don't take any trades that wouldn't give you the minimum 1:3 risk reward ratio.
That's what the profitable traders do, no one has a crystal balls, everyone do experience some losses, but if you can win 50% of your trades while trading only 1:3 risk reward ratio then I bet you, brother you are definitely smiling too the bank .

Quality of the trade do matter, but it also depends on the type of trader you are. Some traders make 100 satoshi in 100 trades, some make it in one trade, some wait out to make 10 thousand dollars more, some wait for just a few bucks in trade and close it and open another a thousand times a day. It is not really a right or wrong way, as long as you are profiting it doesn't matter how you do it, it's all on your own decision.

I believe that we are going to end up with something that would profit us, and I think the best thing to do in this case would be just making sure that we are dealing with some great return, that should be the most important part. If we can do that, then who cares how we do it, as long as the profit is there.

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