What did you learn about crypto trading? - page 10.

XCANA

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Quote from: maju69 on December 20, 2021, 12:50:08 PM

Quote from: XCANA on December 19, 2021, 07:24:58 PM

What I have learned is that one should not be angry or blame himself over you not being able to hold till date because what ever you might have used the money for as at then way for a purpose. Let the past be the past and forget the formal trading decision you have made and just make an informed trading decision now that you have learned a lesson from the past.

Some will learn from their mistakes while trading, but some will still find it difficult when there is no one else beside them who can give a warning that in crypto things can happen without us predicting.

And that was why I do mention it to some people who care to that trading crypto currency is not main for everyone just because you are looking for money via trading for I strongly believe that there are other things that people who are not good in trading can do and be making money more than crypto currency traders. Identify what you are good at and stop waisting your money in trading crypto currency is my message for those struggling with trading.

jostorres

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Quote from: martina14 on December 25, 2021, 02:13:02 AM

for being here in the cryptocurrency in 4 years almost, I treated this crypto trading as my own assets not the coin itself. Because, aside from you can obtain learnings and followed by earnings in it, I also learned how to plan to manage the fund we get from the trading activity we did here. We can learn how to plan, learn how to get our goal and to reach our dreams in the end.

Even I am not able to get exactly what you are referring by "treating own assets" against "just coins", I understand you might be having something different approach for your profits from cryptocurrency trading. This happens when people achieve after lots of preparations and struggles. When you are achieving something after hard works and tiring efforts, the result will get a place next to heart. Such an approach would be possible only by own experiences and cannot be learned or observed from others.

Personally I do trade occasionally when my technical analysis shows double confirmed signals and I do try to save my profits separately for future; this way I treat my trading results different from all other earning.

martina14

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Quote from: Alert31 on December 02, 2021, 10:36:45 AM

Trading is not just to earn but also to learn. If you have learned about markets and traded them for over two years, I believe you have a lot of experience and you have learned a lot about it. Trading can be a deceiving profession because you can earn a lot through this and it could change your living but don't forget the fact that if you do not spend the time to learn, you’ll just waste a lot of time and money.

Sometimes newbie in trading have the wrong mindset. They are just trying to make money as fast as possible, because they think trading can make them rich quickly which is definitely wrong perception.

During the time I started trading in crypto, I didn't think of making huge money instead I was thinking how to trade successfully and how to avoid losses so that I can keep my small capital secured. In other word, I was afraid of losses. Spending time to learn and understand technical analysis, the trading view platform,and a market as a whole has shown me that making a living and earning good profit is possible in crypto market.

I've also learned that Trading is not an easy money machine. It always need your time and effort and most important you have a lot of knowledge, strategies, patience and self discipline. If you are able to enter, you should also determine your trade exit.

Well, for being here in the cryptocurrency in 4 years almost, I treated this crypto trading as my own assets not the coin itself.
Because, aside from you can obtain learnings and followed by earnings in it, I also learned how to plan to manage the fund we get
from the trading activity we did here. We can learn how to plan, learn how to get our goal and to reach our dreams in the end.

Sihab76

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The lesson I have learned from cryptocurrency trading is that you will never lose heart. An important factor in trading is that you invest when the market dumps When you pump, you will sell the coins you have invested in the market.

nurilham

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duelbits.com

I learned a lot of things while trading and it did help me to trade better after that. managing the assets that we have will greatly depend on the profit or loss that can be obtained so as much as possible manage it as well as possible. trading has taught us many things to be more patient and careful because we have to be smart to wait for the right moment to buy or sell coins. trading is not everything that is imagined where we only need to sell and buy coins, it's not that easy. what we do has a huge impact on the assets that owned.

K4C

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$CYBERCASH METAVERSE

I think that anyone how use trading first they gain there knowledge about the crypto market and according to my experience anyone use a trading so they definitely received a profit but the main point is that they buy a token so cannot sell there token fast and other is loss the great way is that they hold there token and definitely they got a huge amount.

Oilacris

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Quote from: Digital_Lord on December 22, 2021, 01:10:03 PM

i learnt Once you’re in don’t leave. I cashed out my assets after I lost my job for a few months and when I came back it was a completely different world. So I guess you can say I learned everything from scratch this year.
I lerant Stop trying to sell and buy at the right times, so much more research, pick a couple of projects to continue to invest in and focus on them.

Just dont rush up because rushing would really result into mistakes because you would be definitely be trying out hard just because you are pursuing something which you do need to happen in a short

span of time. Learning does really need sufficient time and it do involves lots of trials and error on your trading career and this is something which can be attain depending on how

you do deal with it.Once you do learn then it would be a forever skill you would have and able to deal with volatile markets.

jaberwock

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Quote from: Zilon on December 20, 2021, 01:06:31 PM

Trading isn't for everyone it's only for those who can control their emotions and also those who have the patience for analysis. It's more profitable when trading the obvious not something that looks like a good entry point but an entry point with good analysis that has a confluence.

Once analysis is not accurate about a trade the rest of what the trader does is gambling and this where emotions begin to manifest because without good background analysis making profit will just be by chance and not a product of analysis

This is a very key point. People think that "oh, if I study this hard, and learn all these, and chat with these people, watch these videos, read these books, then I will be putting up 100+ hours into learning and that should be enough". That's a very wrong way to think, if you are great at it then you are great at it, if you are bad at it then you are bad at it.

Some people could spend 1000+ hours and still be losing money while trading, some people could spend just a week and learn it very well. It is a bit about characteristic of a person, I have been involved with crypto trading for years and I would say I am still at the very best "decent" at trading, whereas I have seen people who managed to make millions of dollars with just a few grand in a year after they started. So, if you want to know the most important thing; it is not for everyone.

Digital_Lord

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i learnt Once you’re in don’t leave. I cashed out my assets after I lost my job for a few months and when I came back it was a completely different world. So I guess you can say I learned everything from scratch this year.
I lerant Stop trying to sell and buy at the right times, so much more research, pick a couple of projects to continue to invest in and focus on them.

sherenikaw

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rocket.hashbon.com

trading requires skill and also good knowledge in it because then we can determine the right time to sell or buy the coins in the market. besides that a trader must also have a strong mentality and also never give up so that in the future if there is a failure they can learn from it and become better. what needs to be underlined here being a trader is not easy, not just buying and selling but we must be able to analyze the market well and choose the good coins among the many coins on the market.

Zilon

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Bitcoindata.science

Trading isn't for everyone it's only for those who can control their emotions and also those who have the patience for analysis. It's more profitable when trading the obvious not something that looks like a good entry point but an entry point with good analysis that has a confluence.

Once analysis is not accurate about a trade the rest of what the trader does is gambling and this where emotions begin to manifest because without good background analysis making profit will just be by chance and not a product of analysis

maju69

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Quote from: XCANA on December 19, 2021, 07:24:58 PM

What I have learned is that one should not be angry or blame himself over you not being able to hold till date because what ever you might have used the money for as at then way for a purpose. Let the past be the past and forget the formal trading decision you have made and just make an informed trading decision now that you have learned a lesson from the past.

In fact, ideals in all trades have the most difficult, controlling emotions when the market is in bad shape while traders will experience two seasons which are unavoidable. Some will learn from their mistakes while trading, but some will still find it difficult when there is no one else beside them who can give a warning that in crypto things can happen without us predicting.

AakZaki

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Quote from: iv4n on December 15, 2021, 12:19:37 PM

With crypto trading, I learned more about how markets really work... what is pump and dump scheme, what is bull/bear market... about spread, volatility, entry/exit points... and about much other stuff! I got into crypto trading without knowledge about trading at all, it was fun to do it and to learn more about it while I am doing it! I think I scratched the surface, there are too many things to learn about trading and trading options... so basically learning about trading should never stop, we need to upgrade our knowledge all the time if we wish to make a profit in long run!

Knowledge about cryptocurrencies, about trading must certainly be improved, because the market will continue to fluctuate and have different patterns. Technical and fundamental analysis are basic lessons that need to be mastered in order to trade.
Not only that, psychology in trading also needs to be trained. Make small trades as often as possible to practice how you read the market and what strategies are suitable for you to implement. Many strategies and trading tools that can be used.

Yamifoud

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Quote from: perfect999 on December 20, 2021, 06:09:06 AM

Quote from: Alert31 on December 02, 2021, 10:36:45 AM

I've also learned that Trading is not an easy money machine. It always need your time and effort and most important you have a lot of knowledge, strategies, patience and self discipline. If you are able to enter, you should also determine your trade exit.

Well I got to learn that trading is not what you get to learn in a day. There are a lot to learn from trading; from character to strategies, and how technical analysis works. And less I forget that there is also fundamental analysis which can as well be as important as its technical counterpart.

So there is a lot for us to learn, and even after you have learnt every basic, there is still more to learn, some things are just what you have to learn everyday, you don’t have to learn all of them at once and you can’t even do that; the far you go into it, the more experienced you will become. And like you have said, trading requires that we all have patience. Anyone who lacks that patience, won’t be able to succeed in trading and that’s for sure.

Yeah, and the more we got into trading the more we learn things different from what people think before actual trading. But what I'd learn most and I valued this is to know how to manage your funds especially when a crisis comes. And this learning can be applied even outside crypto.
If we are not able to change ourselves and adapt to the situation where it is supposed to do, it for sure we never reach our goal.
And like many people have been said, trading is really hard and risky and this is not meant for everyone.

perfect999

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Quote from: Alert31 on December 02, 2021, 10:36:45 AM

I've also learned that Trading is not an easy money machine. It always need your time and effort and most important you have a lot of knowledge, strategies, patience and self discipline. If you are able to enter, you should also determine your trade exit.

Well I got to learn that trading is not what you get to learn in a day. There are a lot to learn from trading; from character to strategies, and how technical analysis works. And less I forget that there is also fundamental analysis which can as well be as important as its technical counterpart.

So there is a lot for us to learn, and even after you have learnt every basic, there is still more to learn, some things are just what you have to learn everyday, you don’t have to learn all of them at once and you can’t even do that; the far you go into it, the more experienced you will become. And like you have said, trading requires that we all have patience. Anyone who lacks that patience, won’t be able to succeed in trading and that’s for sure.

blockman

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Quote from: nhaila on December 18, 2021, 06:05:24 PM

In cryptocurrencies trading , A lots of things/ knowledge that I gathered . In trading no emotions can lead you sauces.

That's success mate. Emotion is one factor and as well as being emotion less won't bring you success. There should be a balance in everything you do in trading.

Quote from: nhaila on December 18, 2021, 06:05:24 PM

You shouldn't lose patients. Always remember that in successful trading , buying the deep and selling the market high..

Patience is needed and the normal strategy that everybody does will bring you that far. It's really a matter on how you'll adapt to the market, control your emotion and making the right decision.

XCANA

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What I have learned is that one should not be angry or blame himself over you not being able to hold till date because what ever you might have used the money for as at then way for a purpose. Let the past be the past and forget the formal trading decision you have made and just make an informed trading decision now that you have learned a lesson from the past.

Kelvinid

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when lambo...

Quote from: redsun114 on December 19, 2021, 01:54:45 PM

Quote from: palle11 on December 18, 2021, 06:13:44 PM

Quote from: Wawa2013 on December 18, 2021, 05:19:38 PM

The most
important thing is that our emotions must be controlled, sometimes have good technical skills without controlling emotions, it can make us
fail to make a profit.

Sure our emotions can mislead us in different ways. For example it can mislead us in :

1. Multiple market entering even when we know it is not the best way to trade, we still enter into it making us to chase the market.

2. It gives us wrong analysis and judgement of the market after we do a proper analysis, we may change thinking that the analysis is wrong.

If you plan up properly then you can trade at multiple markets simultaneously because it's not a big thing for experienced traders. I'm not seeing a big role of emotions in trading in multiple markets but it must need perfect plans which includes accurate signals.

If you trade with the influence of emotions then your accurate signals also might get you losses because you might be taking decisions out of your emotions and not as per your pre-determined plans. Changing your view about your signal while you are not emotionally stable might lead to big collapse of everything because signals are our basics for profitable trading and when you are not good at basics then you cannot continue your trading and you might need to rebuild everything from the beginning.

Even you trade without the influence of your emotions, we can never find an accurate signal, that was the truth. It just only happens that and most of the reason why traders fail is because of emotions and this it changes everything, especially for decision making. Too bad that we can't eliminate this feeling but for us who wanted to succeed, this must be controlled, or else, we are the ones to be controlled. This needs passion and strong commitment, we can pass-through this if we want too.

fullhdpixel

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Quote from: palle11 on December 18, 2021, 06:13:44 PM

Sure our emotions can mislead us in different ways. For example it can mislead us in :

1. Multiple market entering even when we know it is not the best way to trade, we still enter into it making us to chase the market.

2. It gives us wrong analysis and judgement of the market after we do a proper analysis, we may change thinking that the analysis is wrong.

One of the easiest mistakes that people do is called "panic selling", that is our emotions telling us that the price dropping and we are going to lose all of our money and we should get out as quickly as possible. I do not know when and how it will continue to do so but people will keep on doing that mistake for years to come apparently. I can't tell you how easy it is to lose your money with panic selling, hopefully we will be doing a lot better in the future with a lot less people panic selling but every time there is a drop we get to see those people.

Add the people who have stop loss and all the leverage that gets liquidated and we suddenly have a big crash. Emotions really dictate the other way around as well, like for example people end up buying when it skyrockets, the best way to buy is at the bottom but when we go over 60k+ there will be plenty of people who will buy there as well.

redsun114

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Quote from: palle11 on December 18, 2021, 06:13:44 PM

Quote from: Wawa2013 on December 18, 2021, 05:19:38 PM

The most
important thing is that our emotions must be controlled, sometimes have good technical skills without controlling emotions, it can make us
fail to make a profit.

Sure our emotions can mislead us in different ways. For example it can mislead us in :

1. Multiple market entering even when we know it is not the best way to trade, we still enter into it making us to chase the market.

2. It gives us wrong analysis and judgement of the market after we do a proper analysis, we may change thinking that the analysis is wrong.

If you plan up properly then you can trade at multiple markets simultaneously because it's not a big thing for experienced traders. I'm not seeing a big role of emotions in trading in multiple markets but it must need perfect plans which includes accurate signals.

If you trade with the influence of emotions then your accurate signals also might get you losses because you might be taking decisions out of your emotions and not as per your pre-determined plans. Changing your view about your signal while you are not emotionally stable might lead to big collapse of everything because signals are our basics for profitable trading and when you are not good at basics then you cannot continue your trading and you might need to rebuild everything from the beginning.

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