Unknown fact our profitable colleagues won't tell us - page 2.

irhact

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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.

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.

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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.
Like example, you are willing to risk 10usdt to make 30usdt, if it goes your way, you make 20usdt more.

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.

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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.
Like example, you are willing to risk 10usdt to make 30usdt, if it goes your way, you make 20usdt more.

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 .

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

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

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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.

Twentyonepaylots

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Quote from: electronicash on January 07, 2024, 11:29:08 AM

how long do you think you can make that $30 from the initial investment of $10? i doubt this can be done in a week.

Hmm from $10? It can be gamble all the way, it is hard to get 300% done in a week unless you timed it to a pump or a dump, and if you go against the tide you'll lose it all.

Quote from: electronicash on January 07, 2024, 11:29:08 AM

one fact that our profitable colleagues have is that when halving is closer, they are also holding a crystal ball.

That crystal ball is public, one hint to that crystal ball showing is when you see green candles in the market.

Quote from: electronicash on January 07, 2024, 11:29:08 AM

halving is a known variable that our profitable colleagues are considering and some of them haave years of experience reading charts in which they know where the market goes since they base their trades along with the fundamental news like the ETF approval.

It's been a culture in the cryptomarket we can't go against with, given the historical data in front of us, it has been and always been a culture not just with bitcoin that markets behave like a crazy market skyrocketting to unknown heights.

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

...
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 .

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

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.

electronicash

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how long do you think you can make that $30 from the initial investment of $10? i doubt this can be done in a week.

one fact that our profitable colleagues have is that when halving is closer, they are also holding a crystal ball.
halving is a known variable that our profitable colleagues are considering and some of them haave years of experience reading charts in which they know where the market goes since they base their trades along with the fundamental news like the ETF approval.

traderethereum

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In trading, we are always required to improve our analytical skills so that we know when to enter and exit the market. We also shouldn't be too greedy in pursuing profits because the market will not always be in an upward position.
There are times when we experience losses, and that is normal, so we can learn more to be able to recover from those losses.
We often can't make big profits, and that's okay because there will definitely come a time when we make even bigger profits, so we don't need to worry about it. All days are good, but the bad ones are when we can't analyze the market well, so we get stuck buying at high prices.
And to avoid it, we need to learn more about trading so we can know when to enter and exit the market.

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I read the start post and didn’t quite understand the following. How does the author view the relationship between risk and reward? By the relationship between the size of stop loss and take profit? Or some other method? But both losses and gains can have different probabilities. I would even say this: often the larger the size of the possible reward, the less likely it is that you will receive it. And vice versa: the lower the level of losses, the more likely it is that he will play. At least this is true for stop loss and take profit. Gambling may have its own analogues of stop losses and take profits. But still, I didn’t fully understand the idea of the author of the topic. I admit it.

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Quote from: beerlover on January 05, 2024, 02:23:33 PM

But, it's good for them. And maybe next time they won't do that again because they are also afraid about the threats that they are getting.

Back when I did forex and in the early crypto trading years when I followed groups (paid and free) trust me these groups open new groups once too many members are mad. They face no repercussions, they all get threatened and they will always say hey you knew the risks or hey, you didn't follow our signals exactly.

But the truth is they nett loose their signals, they never share everything correctly or transparently and they just open a new group with 'selected positive results'.

So I stand by what I said, unknown facts is everything is not worth paying for, nothing you find out there is profitable.

TimeTeller

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Quote from: beerlover on January 05, 2024, 02:23:33 PM

Quote from: Johnyz on January 05, 2024, 11:10:38 AM

Many hype traders are sharing only their winnings and never disclose their losses, no wonder why many are being hyped and inspired to become a trading whiling thinking about an easy profit. In trading, if you don't have the strategy don't expect to win that much especially if you are just depending on any signal group. I have a lot of trader friends and none of us shared their net profit in trading aside from profit on some of their positions.

Usually they do that if they are promoting something like a signal group or they are offering a mentoring service. But some only does that to simply brag about the people they know. It might be a good thing if you get inspired and you get successful later on.

You can fail but you will think it's normal. It happens on anyone anyway and on anything that they are doing but it was mostly at first and they can still learn and improved later on. A few can only end up blaming the person that they see sharing only their profits. But, it's good for them. And maybe next time they won't do that again because they are also afraid about the threats that they are getting.

And that you will understand why trading signal groups can't achieve success in the long run,
because most of them are just promises and exhausting money from their subscribers.
If they are truly profitable of what they are doing, they can maximize such profits by doing it on their own.
However, they will screw others just to say they are in the winning side, but the truth is, they are not.
They won't ask others to subscribe them if they are indeed earning good income.

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Quote from: Assface16678 on January 01, 2024, 06:23:29 PM

Quote from: deathcode on December 30, 2023, 01:08:11 AM

Quote from: Silberman on December 30, 2023, 12:17:27 AM

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.

This, people out there seem to think that to become traders the only thing they need to do is to open an account at an exchange, make some trades and money will follow, but trading is way more complicated than that, you need to select your trades very carefully and let the market come to you, and if a trader cannot do this then they have almost no chance to succeed as they will take any trade that may come their way, not understanding they need to be way more selective than that.

Such traders will only regret it. they may see a colleague who is successful with trading. and those who saw it wanted to start and follow his successful path. they thought it would be as easy as making a profit. but without knowledge and experience, trading will only give you losses.
Beginners and experienced traders alike must take lessons from every trade they make. it can provide advantages or disadvantages. everything is developing and if we can't adapt to the market, then we will be left behind.

True events, you should also add that many beginners in trading are only doing trading because they saw an advertisements about trading or influencers that flexing their luxurious life because of trading, this kind of advertising will attract beginners in trading they will take advantage of the mind of the people that wants to earn and being shined by the beautiful words or advertising about trading being a good source of income, but in reality it is not, influencers only do this to attract potential investors to avail their services, in short its for their own good and from that many beginners tend to go to a wrong path of trading and end up losing a lot which will make them stop and blame trading.

Trading will never be easy; it will never ever be. That's why you shouldn't believe everything you see on social media or the internet that may look at trading as easy money. Trading is a very risky and dangerous thing that should require a lot of knowledge, skill, experience, and patience.

When you are a complete noob then you would really be that easily make yourself getting hooked up with these type of things on which you would really be already that imagining that it is really that happening on you and this what makes you that you would really be choosing up on engaging through it without even having those second thoughts or having that kind of risks minding moment and trying out to assess
whether it is really that worth for you to take engagement or not basing up on the risks involved.When it comes on being profitable specially on trading then this is something that you cant really be able to know.
Self learning should really be that standard and something that you wont really be that able to skip out when you do hover yourself into trading or investment world.
It is really just that depending on how a certain individual would really be handling out themselves into this space. The wiser you are the more chances for you to sustain up.

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If it was a unknown fact then we wouldn't know about it because it's unknown and no one should have told this in the first place.

Even then, the post itself is pretty much a basic understanding of trading. If you trade with such big risk then it comes with big reward as well, nothing to be surprised here. Even though you know about this kind of thing, but in reality you can still just lose more and you will gain profit at later day to cover your losses, there will be the time for that.

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.

Skill is important here, how do you even start trading if you don't know what to do? Relying on luck?

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Quote from: Johnyz on January 05, 2024, 11:10:38 AM

Quote from: slaman29 on January 05, 2024, 04:55:06 AM

Um no, profitable traders in my experience would rather shut up and say nothing.

Then there are those who profit from others, either subscription, signals or commissions. They will never tell you 2 things. First, their actual trading isn't profitable. They make money from you. So you shouldn't know that or you stop making them money. 2nd, you will almost surely lose money in the long run because amateur trading simply is set up to fail.

Many hype traders are sharing only their winnings and never disclose their losses, no wonder why many are being hyped and inspired to become a trading whiling thinking about an easy profit. In trading, if you don't have the strategy don't expect to win that much especially if you are just depending on any signal group. I have a lot of trader friends and none of us shared their net profit in trading aside from profit on some of their positions.

Usually they do that if they are promoting something like a signal group or they are offering a mentoring service. But some only does that to simply brag about the people they know. It might be a good thing if you get inspired and you get successful later on.

You can fail but you will think it's normal. It happens on anyone anyway and on anything that they are doing but it was mostly at first and they can still learn and improved later on. A few can only end up blaming the person that they see sharing only their profits. But, it's good for them. And maybe next time they won't do that again because they are also afraid about the threats that they are getting.

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Quote from: slaman29 on January 05, 2024, 04:55:06 AM

Um no, profitable traders in my experience would rather shut up and say nothing.

Then there are those who profit from others, either subscription, signals or commissions. They will never tell you 2 things. First, their actual trading isn't profitable. They make money from you. So you shouldn't know that or you stop making them money. 2nd, you will almost surely lose money in the long run because amateur trading simply is set up to fail.

Many hype traders are sharing only their winnings and never disclose their losses, no wonder why many are being hyped and inspired to become a trading whiling thinking about an easy profit. In trading, if you don't have the strategy don't expect to win that much especially if you are just depending on any signal group. I have a lot of trader friends and none of us shared their net profit in trading aside from profit on some of their positions.

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Quote from: deathcode on December 30, 2023, 01:08:11 AM

Quote from: Silberman on December 30, 2023, 12:17:27 AM

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.

This, people out there seem to think that to become traders the only thing they need to do is to open an account at an exchange, make some trades and money will follow, but trading is way more complicated than that, you need to select your trades very carefully and let the market come to you, and if a trader cannot do this then they have almost no chance to succeed as they will take any trade that may come their way, not understanding they need to be way more selective than that.

Such traders will only regret it. they may see a colleague who is successful with trading. and those who saw it wanted to start and follow his successful path. they thought it would be as easy as making a profit. but without knowledge and experience, trading will only give you losses.
Beginners and experienced traders alike must take lessons from every trade they make. it can provide advantages or disadvantages. everything is developing and if we can't adapt to the market, then we will be left behind.

Everyone of us in the market has different results as traders and there are people that are many lots of money from the market but will not be ready to disclose that to us. There will also be people that will keep bragging that they are making big profits from the market when they are not. This is a feceless forum where people can tend to talk about and brag about what they are not really are.
This is same thing many crypto influencers do claim and we need to make sure that we don't fall to such traps.

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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.
Like example, you are willing to risk 10usdt to make 30usdt, if it goes your way, you make 20usdt more.

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 .

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

Your point is right but for trading a trader has to learn everything by experience. No matter how profitable the trade seems to be it will turn into loss. If 60% is lost the trader with good experience in trading will gain two or three times more than that. That's why if you give up the trade, you have to take risks with the ability to win. As the crypto market changes along with the price of the coins it will become more efficient if you stick to your own experience.

slaman29

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Um no, profitable traders in my experience would rather shut up and say nothing.

Then there are those who profit from others, either subscription, signals or commissions. They will never tell you 2 things. First, their actual trading isn't profitable. They make money from you. So you shouldn't know that or you stop making them money. 2nd, you will almost surely lose money in the long run because amateur trading simply is set up to fail.

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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.

your friend is right. We don't have to trade often or have a large coin portfolio. I think our trading is always targeted with analysis accuracy of at least 90% without misses, which is one way our trading is quality. Apart from that, I'm sure the coin your friend bought was not just any coin, it must have at least a ranking in the top 100 of CoinMarketCap. but he won't tell many secrets, it's the same as giving away many secrets. I think you are close enough friends with him to dig up information.

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Quote from: deathcode on December 30, 2023, 01:08:11 AM

Quote from: Silberman on December 30, 2023, 12:17:27 AM

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.

This, people out there seem to think that to become traders the only thing they need to do is to open an account at an exchange, make some trades and money will follow, but trading is way more complicated than that, you need to select your trades very carefully and let the market come to you, and if a trader cannot do this then they have almost no chance to succeed as they will take any trade that may come their way, not understanding they need to be way more selective than that.

Such traders will only regret it. they may see a colleague who is successful with trading. and those who saw it wanted to start and follow his successful path. they thought it would be as easy as making a profit. but without knowledge and experience, trading will only give you losses.
Beginners and experienced traders alike must take lessons from every trade they make. it can provide advantages or disadvantages. everything is developing and if we can't adapt to the market, then we will be left behind.

True events, you should also add that many beginners in trading are only doing trading because they saw an advertisements about trading or influencers that flexing their luxurious life because of trading, this kind of advertising will attract beginners in trading they will take advantage of the mind of the people that wants to earn and being shined by the beautiful words or advertising about trading being a good source of income, but in reality it is not, influencers only do this to attract potential investors to avail their services, in short its for their own good and from that many beginners tend to go to a wrong path of trading and end up losing a lot which will make them stop and blame trading.

Trading will never be easy; it will never ever be. That's why you shouldn't believe everything you see on social media or the internet that may look at trading as easy money. Trading is a very risky and dangerous thing that should require a lot of knowledge, skill, experience, and patience.

Topic: Unknown fact our profitable colleagues won't tell us - page 2. (Read 716 times)