Topic: Weak or wise? (Read 1081 times)

It's true, that trading isn't as easy as drinking water and one needs extensive knowledge and experience to gain success in trading and become an effective trader. And, it's a fact that a trader doesn't necessarily have to achieve the exact target they may have had with a specific trade and there is nothing wrong in settling down with less when you can see the chances of getting more are tiny and you might lose the profits that you can gain at that moment if you don't act quickly.

So, in situations where a trading position isn't providing a lot of profits or isn't up to your expectations but is still in profit and is turning into loss very soon, it's better for you to close that position and take the profit because there will always be such inconsistencies in trading which is completely normal.

My resolve in trading is for traders, perhaps, I better call them supposed traders to be extremely careful as trading is not a do-or-die affair. You can try your best and luck but when success is not forthcoming, I do not think you should be wasting your money, time and energy on it, there are better opportunities that are of low risks around, and even online as an investment is less risky than trading. I know what I am saying, trading is not child's play, and even as I believe I am experienced and still making some earnings from it no matter how little it could be, I am still very confused at times not to mention those traders who do not even have a good trading system or true trader's psychology. It takes a very long time to build this if we are sincere, while some will never be able to achieve that no matter how long they try.

How many traders can wait that much? I mean to be losing money and be managing their frustration daily? So, I do not encourage again but I challenge traders to put themselves into the test of the quest if they are really worthy. If they can pass, fine, but if not, should we continue to encourage them, who knows? More people will lose their money. Regardless, there are major things to know and possess in trading, some of them are; Good trading strategy, management, psychology and effective planning. I stated these in summary for these traders who are so determined to continue trading. If they know all these and put them into practice, they can prevail in the market.

Also, perseverance is good, but I must warn you that it is not as easy as we often preach, that's is the truth.

   Maybe I would prefer to be called a weak trader who, even if the profit is small, still makes money every day than a wise trader who is self-proclaimed to themselves but never gets any profit from trading. You know what you want to point out.

   There are other things that happen because what is usually in our minds becomes the opposite when it comes to what actually happens
in trading. But overall of course always do it at our own diligence.

We human beings doesnt really have that kind of contentment on which as long you do know that you could be able to maximize that possible profits that you could be able to generate then you would really be definitely be going into the end of line as long those chances wont really happen. This is where it would really be ending up for you to do things which arent supposed to be done. It would really be that always wise whenever you do see a profitable trade or on the time that you do get contented on what you do saw with those gains then it would be always ideal that you should really be taking profits.
Somehow there would really be those people who would really be sticking into their plans and this is why they would really be going until the very end.

Well this isnt something that you could really be blame on them though yet this isnt for the sake of being greedy but sticking into someones plan and target isnt
really something that a bad behavior either. This is actually on case to case basis actually.

Greediness is one of the major problems in trading, once we never feel contentment, we most possibly we end up losing instead of earning some profit.
Yes, I could recall back my experience and I was supposed to triple my earnings but because I wanted more tried to look for x4, when I just woke up and checked, it was very surprising and disappointed. Now, I realize the bad effect of being too greedy and aggressive, we better take it slow and know how to accept small profits rather than miss all of them. And there is one thing, finish the trade as much as possible before leaving the computer.

Trading is not an easy thing to do in order to make a profit and if we are already in a favorable condition and we take advantage of it and this really depends on the personality of the person doing the trading whether we can still analyze the market and will be able to get bigger profits. There's no harm in continuing, but if we can't analyze well, I think it's better for us to take the profits we've earned and don't let us become greedy in trading and make wrong decisions that result in losses in the trades we make.

Actually the trading needs money as well as mind.
All of those are wise which have good knowledge and a high investment. because in this condition they are not getting loss due to enough budget as well as enough knowledge about trading.

As I always thinking about those people who have less money for trading they will always in happened and cannot take responsibility for a big profit.

A trader shouldn't set goals and stick to it no matter what, a trader should read the market and make movements accordingly. The market is a dynamic thing and while the goal you set may look good at the start of your trade, things could change while you are holding and if you end up sticking with your plan, then you may end up losing money from it as well.

This is why, while you are starting out, you should have a goal set and that is great, but you should also be flexible enough to make changes to your plans while holding as well. This doesn't mean you will always be right, you may think that it will not go up to what you initially thought it would, and get out, and yet it could go on higher, but you should be open to the possibility of it.

These are not so general ideas, a weak trader can mean a lot of things, not necessarily making a small profit specially because the word small is relative - for someone 1k USD might be small, but it might not be small for another.

Hence the words weak or wise makes no sense here. Still I consider a trader to be a bad one if they are trading based on emotions and not rectify that and a trader to be good if they are able to make the buys at the low and sells at the high.

Eventually if you are trading successfully, you realize that these terms are only just words without any real meaning in this sphere.

In the first place, there are no perfect traders, because all traders, even if they are experts, still have that weakness that is hidden, and any of us here can improve in performing trading activity, in fact, too.

Now, of course, if you want to have a wide knowledge of trading, you should also know yourself that we need to learn this hard lesson and learn it, and when we get it, we will definitely be able to get profit most of the time in trading, and if we fail in our fundamentals and technicals, it's only a low percentage for sure.

Totally depend on what kind of trader you are on which there are ones that they are really that trying out to hit their exit points and there are ones who would really be making out some reconsideration on taking profits
on early without having those kind of hitting those targets on which it would really be that totally depending into someone risks management. Weak or wise? It wouldnt matter much on which the main
thing that people or trader would be focusing on is on how to make profits yet this had been our main target since from the start. Doesnt matter on what kind method or what kind of way you are really that been doing
as long it would really be that something that relevant and something beneficial then this is what mattering the most.

Dont mind about being weak or wise because we are really just that aiming on the same target on which we are really that making profits.
People are really just that mindful on what other people could really make out those kind of sentiments without bothering themselves that they
should really be that focusing on their own ways and methods.

Trading alone is already hard so if you are profiting from your trade despite that you don’t get to finish it, then most likely you’re a wise trader. Not all are given chances to be in profits when trading, some are just trading and even wait till the end and still end up losing. So for me, there’s no need to actually finish a trade if you are already satisfied with your present profits. That’s for you to decide if you can still take the risk and finish an unpredictable trade.

And it may lead you to greed. Greed is the worst enemy of people. Keep thinking about whether should i still hold the asset or sell it here. It is so confusing point as no one can predict the next step 100% accurately so if you have fetched the best profit take an exit before the market gives you a bad shock as the crypto market is so volatile.

Many people make many losses in this scenario because they become greedy to make more profit. Keep in mind, this suggestion if you do not want to bear losses so have control on your greed. Many Thanks!

I think both intelligence and money are very important for trading because if all you have is money, if you are not wise then you can't trade what you have because trading is very risky work.

One who has to start the trading will  first learn what is in it, when to buy and when to sell, because it cannot be done by an ordinary person. Also  with mind we need money, we should have a backup of what we have, all the money should not be invested in trading, It is very important that we have a good teacher of trading.

What is meant by a weak trader and a wise trader, can you be said to be a weak trader by taking a small profit, or is a wise trader a trader who never loses?
I think everyone has done both. and traders learn that from their mistakes.

A weak mind can never be a good trader. You need to be smart while trading. We often wait when the market is falling and wait for the market to rise. But when the market rises and gives us a small profit, it can't be patient anymore. We exit the trade before reaching our target profit. So we cannot make huge profits. So always trade like a wise trader while trading. It is never possible to take target profit if you are a weak minded trader.

Exiting a trade does not mean that you are a weak trader and is afraid to take the risk and finish the trade. I think you are more mature enough that you trade and you're already in profits even without finishing a trade. The only way traders get weak and create an unwise decision is chosing to trade even when the market is not suitable to trade. With that, it's like you trade not to win but eventually to let your capital go into waste.

Taking profit is always good decision by any person that they are going to take the profit first and after that they can easily manage that whether they want to carry its trade or he wants to close the trade. Because there are a little problems and more risks involved in it.

For example if the person is going to continue the trade then he must be ready for the coin if it falls again and if he is going to make loss may be another time. As I have learned one thing in the crypto space that mostly in crypto the greed kills as mostly users was in greed that how they could make more money. Thinking and getting more money in trading glooks good but there would be more risks involved in it. So I think getting and booking the profit first is very necessary.

When you trade, you won't really wait for the halving and other events. Your focus is only about the current markets. That is where you decide whether you will close your trade or remain to open it. Halving is said to have a positive effect in the price of the coins. If you buy and HODL because of it, then you are not a trader anymore but you are called as an investor already.

But, one year after a halving would already result for a dumping of the price because you know, there is also a bear market that will take its place. But, if you don't want it (the short term gains), then fine. In investing, a long-term hodling can in fact matter the most, as the longer you HODL the more the profits you could gain. Staking can be a good idea since it will also lock up your coin, so you can't be tempted on selling them early.

It's never a weak move, no body controls the market especially as retail traders so you have to make sure you seize every good opportunity as you can to make profit and also try not to allow greed set in because it will definitely do you more harm than good so leaving the trade even before your expected TP isn't a bad idea, it's very possible that trade may never get to your TP and the best chance you have at it is when you exit before reversals, in situations where you were trading a certain direction and a news came in that changed the market direction, you trade will most likely not get to TP but if you had excited you will still be safe.

There's no holy grill in trading so you can't be too sure to always wait for your TP some times get some good profits and exit, knowing it's never a weak move to exit early it's at some point the wisest thing you could do.