What is your advised for being a trader? - page 4.

pusaka

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Quote from: Hamphser on February 16, 2024, 02:57:59 AM

Quote from: pusaka on February 16, 2024, 02:36:58 AM

Knowledge is the basic thing that we must have when we want to do something, in everything including trading. If we do something without knowledge and only capitalize on courage, in my opinion it is not wise at all.
The next question is whether knowledge is enough? Of course not. We must have capital and what needs to be remembered is that we must use capital that is truly free or in other words money intended for trading. Apart from that we must have a strong mentality, especially the mentality when we experience losses. Many people I see they are not fully prepared but force themselves, it can be an invitation for something bad to come in the end.

Knowledge and having that versatility is the key for you to have that kind of success on a certain venture on which this isnt really just that limited on trading but also in other ventures as well.
Other learnings could really be acquired through experience and this is why you cant be able to complete out those learnings because others are really not been able to be attained.
Sooner or later it would really be something that you would be able to encounter and with that then you would be making out those kind of adjustments on which this is something that you would really be
needing to do so.

Definitely, we should not limit knowledge to certain things, because knowledge is a must-have in many aspects of life, maybe "more" knowledge in one sector, such as trading or anything else will make us have a plus point in doing something.
Aside from that, if we talk about skills as a whole, we must also have skills, skills will make us at a different level, especially if we can use those skills very well.

Quote from: Hamphser on February 16, 2024, 02:57:59 AM

As a trader then you should really be that versatile and really be that having that kind of adaptation on whatever circumstances that you would be able to encounter or something that you
could really be able to get a hold off. If you are really that not mindful much about those gaps and mistakes then you wont really be that progressive.

Adaptation is an important part of life, and trading is no exception, it is necessary so that we can become better traders in the future. Actually, without us realizing it, adaptation runs naturally, because the longer we are in the world of trading, it will open up opportunities for us to understand more about trading. However, this must be done seriously, because I believe that if something is done just for fun, or just to make a profit, it will not have a maximum impact on us. I understand the true purpose of trading is to make a profit, but what I mean here is something more than that.

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Quote from: Mehedi72 on February 15, 2024, 10:21:30 PM

There's no trader, who hadn't loss yet. Trading isn't like you'll make profit continuously. If You profit in trading that means one user loss that amount and when you loss, that means other guy is making that money as profit from you. So it is necessary to build up mentality that you can loss anytime. And I also don't support thay statemen.

No average trader has lost but there are some traders that have inside information and they're using it to make profits everytime they want to trade. They mightn't be trading everyday but only when they have the right information for them to use and make profits. When you make profits in trading, it's not every time that another trader lost before you made that profits. Some traders are entering the market at that very point that you're selling and some investors are buy that coin that you're selling so they can use it as an investment therefore it's not every time that a trader have to lose before you can make profits. Cryptocurrency market is global and open all the time therefore when you're selling another trader or an investor is buying and they too can make profits when they sell in the future.

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Quote from: Moeda on January 20, 2024, 02:29:33 PM

Quote from: Jonyshake71 on January 14, 2024, 03:15:34 PM

Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds. So it isn't recommend to trade if you don't know anything. But I don't support the idea "Doing trades with small fund and keep learning". Cause thus i made loss continuesly. i know a traders need to know technical, fandmental analysis, need to check news and many more. So What things do you follow and advice before open a trade?

Actually trading is simple. Buy at low prices, and sell at high prices. Automatically there is no loss term. If the price drops, we can hold coins until the price rises again.
The most important thing in crypto trading is choosing coins with potential, and avoid coins that have just been listed on the exchange, because these coins will drop up to 90% of the initial listing price.

That’s the most basic and simplest strategy in trading, and yet a lot of traders are struggling to follow it. It’s as simple as that, buy low and sell high. However, without patience and being greedy when trading, one cannot wait for the perfect time to sell which is when bull run happens, but will decide to sell their coins irrationally without assessing their decision making. Obviously, with that attitude, he will never gain success in trading.

Furthermore, since trading cannot guarantee all time profitability, then I encourage those traders to always take time to sell when they see potential profits in the market. It does not matter whether the profits are big or small, what’s more vital is that when one decides to sell, at least he won’t be at a loss, or he won’t miss good opportunity to make profits in trading.

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Quote from: tbterryboy on February 01, 2024, 03:32:02 AM

Many people think that they can just do whatever they want while trading as long as they think they can make a profit. However, many things that you do should not be really considered all that available for you when you are starting out, it is not that easy, and it doesn't really help you much neither.

I hope that we could be doing something a bit better, and just take less risk. If you are starting new, some good old holding would not be a bad idea, many people should give that a big try, that would be a lot better. I know that it is not going to be too simple, but it would be something that would benefit us all. That may not give you a ton of profit, and yet you will also not lose any money neither, which is a lot more important when you are first starting.

if anyone is coming into trading with that kind of mindset then that person does not look like someone who will make a profit because nobody will stop you from taking so trading actions but your funds will be the ones that will be in for it and that is why they are always warning, to be always careful when you want to trade because there plenty mistakes when trying to gamble that must even be avoided, but you know some stubborn people don't care about any action they take, and since its there money and there choice to do what if they want to do then when they finish wasting all there money because of disobedience then they will know the value of instruction. and people with I don't care attitude should better still just hold, and leave there and no stress of analysis. anything that has to do with money is always not easy. and since it is something of benefit why not take time to understand it and be the one to benefit from it, people do not just want that money.

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Quote from: pusaka on February 16, 2024, 02:36:58 AM

Quote from: stadus on February 04, 2024, 04:59:39 PM

Quote from: Jonyshake71 on January 14, 2024, 03:15:34 PM

Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds. So it isn't recommend to trade if you don't know anything. But I don't support the idea "Doing trades with small fund and keep learning". Cause thus i made loss continuesly. i know a traders need to know technical, fandmental analysis, need to check news and many more. So What things do you follow and advice before open a trade?

Never trade if you are not prepared. Although it can be learned by following its process, but jumping into trading when you’re supposed to study and acquire knowledge and basic information first is actually allowing yourself to lose consistently which I think is not good at all. Losses could be your motivational means to learn and improve your trading performance, but somehow the fact that you can still avoid those losses through learning at first and equipping yourself with knowledge and skills before you trade is still recommended.

Knowledge is the basic thing that we must have when we want to do something, in everything including trading. If we do something without knowledge and only capitalize on courage, in my opinion it is not wise at all.
The next question is whether knowledge is enough? Of course not. We must have capital and what needs to be remembered is that we must use capital that is truly free or in other words money intended for trading. Apart from that we must have a strong mentality, especially the mentality when we experience losses. Many people I see they are not fully prepared but force themselves, it can be an invitation for something bad to come in the end.

Knowledge and having that versatility is the key for you to have that kind of success on a certain venture on which this isnt really just that limited on trading but also in other ventures as well.
Other learnings could really be acquired through experience and this is why you cant be able to complete out those learnings because others are really not been able to be attained.
Sooner or later it would really be something that you would be able to encounter and with that then you would be making out those kind of adjustments on which this is something that you would really be
needing to do so.

As a trader then you should really be that versatile and really be that having that kind of adaptation on whatever circumstances that you would be able to encounter or something that you
could really be able to get a hold off. If you are really that not mindful much about those gaps and mistakes then you wont really be that progressive.

pusaka

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Quote from: stadus on February 04, 2024, 04:59:39 PM

Quote from: Jonyshake71 on January 14, 2024, 03:15:34 PM

Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds. So it isn't recommend to trade if you don't know anything. But I don't support the idea "Doing trades with small fund and keep learning". Cause thus i made loss continuesly. i know a traders need to know technical, fandmental analysis, need to check news and many more. So What things do you follow and advice before open a trade?

Never trade if you are not prepared. Although it can be learned by following its process, but jumping into trading when you’re supposed to study and acquire knowledge and basic information first is actually allowing yourself to lose consistently which I think is not good at all. Losses could be your motivational means to learn and improve your trading performance, but somehow the fact that you can still avoid those losses through learning at first and equipping yourself with knowledge and skills before you trade is still recommended.

Knowledge is the basic thing that we must have when we want to do something, in everything including trading. If we do something without knowledge and only capitalize on courage, in my opinion it is not wise at all.
The next question is whether knowledge is enough? Of course not. We must have capital and what needs to be remembered is that we must use capital that is truly free or in other words money intended for trading. Apart from that we must have a strong mentality, especially the mentality when we experience losses. Many people I see they are not fully prepared but force themselves, it can be an invitation for something bad to come in the end.

Mehedi72

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There's no trader, who hadn't loss yet. Trading isn't like you'll make profit continuously. If You profit in trading that means one user loss that amount and when you loss, that means other guy is making that money as profit from you. So it is necessary to build up mentality that you can loss anytime. And I also don't support thay statemen. You need to make yourself ready before trading and This is why you have to choose everything properly. Proper place like binance, of course trading with good coin, don't be greedy by using high leverage in future trading, budget fund for trading, using stop loss for more loss, try to know about moving averages, (RSI), (MACD), and Bollinger Bands for better analysis. And track the altcoin activities, event before start trading. And patient is important,. Don't be a panic seller

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Quote from: tbterryboy on February 01, 2024, 03:32:02 AM

Many people think that they can just do whatever they want while trading as long as they think they can make a profit. However, many things that you do should not be really considered all that available for you when you are starting out, it is not that easy, and it doesn't really help you much neither.

I hope that we could be doing something a bit better, and just take less risk. If you are starting new, some good old holding would not be a bad idea, many people should give that a big try, that would be a lot better. I know that it is not going to be too simple, but it would be something that would benefit us all. That may not give you a ton of profit, and yet you will also not lose any money neither, which is a lot more important when you are first starting.

Taking less risk sounds like a bad advice to many people because we are in crypto and risk is all around us. But the reality is that you are right, taking less risk is a lot better and we should all be doing that. The fact is that investing into bitcoin long term is a "risk" but investing into apecoin for long term is a risk too, and we all know that is a much higher risk.

So, when you are investing, or even trading, take risk into consideration and take a risk that would make sense, not one that would be useless. Plus taking X amount of risk for a 100% return and taking a 100X risk for a 200% makes no sense, you are taking hundred times more risk, but you are hoping for a twice higher profit, why would you want to do that?

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Quote from: Jonyshake71 on January 14, 2024, 03:15:34 PM

Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds. So it isn't recommend to trade if you don't know anything. But I don't support the idea "Doing trades with small fund and keep learning". Cause thus i made loss continuesly. i know a traders need to know technical, fandmental analysis, need to check news and many more. So What things do you follow and advice before open a trade?

Never trade if you are not prepared. Although it can be learned by following its process, but jumping into trading when you’re supposed to study and acquire knowledge and basic information first is actually allowing yourself to lose consistently which I think is not good at all. Losses could be your motivational means to learn and improve your trading performance, but somehow the fact that you can still avoid those losses through learning at first and equipping yourself with knowledge and skills before you trade is still recommended.

doomloop

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Quote from: Bushdark on January 26, 2024, 01:51:36 PM

Trader or no trader, you must be ready to carry out personal research so that one could understand the market more than keep asking people fro reply and explanation on how to do some particular things. We need to be wise or else we might become a problem for ourselves. A trader need to be always ready to take risk. Risks are one of the things that could make us either successful or a failure.
People that knows how to trade very well might have been in the market for a very long time.

A successful trader is someone who takes calculated risks and knows very well how they can manage the risks they are taking with their investments. There is indeed no reward without taking any risk, but one shouldn't take risks that they can't manage or take risks without even knowing how they can minimize the risks if needed.

As a trader, you need to understand each and everything about the market you are trading in and the assets that you are trading, so that you can make quick decisions where necessary. If the market moves either up or down very quickly, and you don't react on time, you will either lose money or lose an opportunity to gain higher profits. Either way, it's a sort of loss for you being a trader.

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Many people think that they can just do whatever they want while trading as long as they think they can make a profit. However, many things that you do should not be really considered all that available for you when you are starting out, it is not that easy, and it doesn't really help you much neither.

I hope that we could be doing something a bit better, and just take less risk. If you are starting new, some good old holding would not be a bad idea, many people should give that a big try, that would be a lot better. I know that it is not going to be too simple, but it would be something that would benefit us all. That may not give you a ton of profit, and yet you will also not lose any money neither, which is a lot more important when you are first starting.

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Trader or no trader, you must be ready to carry out personal research so that one could understand the market more than keep asking people fro reply and explanation on how to do some particular things. We need to be wise or else we might become a problem for ourselves. A trader need to be always ready to take risk. Risks are one of the things that could make us either successful or a failure.
People that knows how to trade very well might have been in the market for a very long time.

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I am not a professional trader, I trade occasionally. I have lost money trading, and won a lot of money. When I trade I trade using my own strategy. For a newbie to start trading, he should first research the market, and always keep an eye on the price movement, he should always read, and trade at the right time after researching everything. Because trading is not easy, you can lose all your money due to a small mistake.

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Quote from: Jonyshake71 on January 14, 2024, 03:15:34 PM

Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds. So it isn't recommend to trade if you don't know anything.

It's okay to do some test and experiment when you don't know a thing or two but don't over experiment.

Quote from: Jonyshake71 on January 14, 2024, 03:15:34 PM

But I don't support the idea "Doing trades with small fund and keep learning". Cause thus i made loss continuesly. i know a traders need to know technical, fandmental analysis, need to check news and many more. So What things do you follow and advice before open a trade?

Why so? That's fine, you only spend small amount of money and it's like going to school. You pay your tuition and you learn and you have some mishaps and mistakes and that's part of growing and learning something new.

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Quote from: NicNacCoin on January 23, 2024, 12:07:04 AM

Quote from: Jonyshake71 on January 14, 2024, 03:15:34 PM

Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds. So it isn't recommend to trade if you don't know anything. But I don't support the idea "Doing trades with small fund and keep learning". Cause thus i made loss continuesly. i know a traders need to know technical, fandmental analysis, need to check news and many more. So What things do you follow and advice before open a trade?

If you are trading futures you can lose money within seconds at the peak of the market ups and downs but if you are trading spot you will not lose money within seconds. For trading I would always suggest to choose a good exchange platform like (Binance). Never trade with emotion on a trading platform because you can never trade with emotion on a trading platform trading with emotion will only make you lose. One can never be too greedy on a trading platform and one can never lose patience on a trading platform. Also a person should always use his own strategy to trade. And especially in the case of trading, trading should always be done by looking at the good news of the market.

Yeah, that is how risky trading futures but it was also highly rewarding once you get successful on your attempts. In spot trading, it is also possible to lose money in an instant. You forgot that there is a volatility. But in spot trading, it is still possible for us to recover our losses if we hold on our cryptos first.

We must only ensure that the cryptos that we have are legit because if not, then they may not recover anymore. Choosing a good exchange is indeed a must as well, because even if we are trading legit cryptos but the exchange that we are using is a scam, it will still be useless. And a legit exchange may not be alone because some still has a high fees and other hassles. The rest that you said are also true and must be followed strictly.

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Quote from: Jonyshake71 on January 14, 2024, 03:15:34 PM

There is no means to making money that is exactly without risk. Any means to earning while also as a means to loss when not carefully done. Trading happens to be a way to earn quick money using your skills and knowledge of the market but, make any mistake and it could such in all your capital in a goal. For one to have any chance at doing better in trading, you need to be very much detected from your trades and have a very high level of discipline to be able to follow up on the principles you create in course of your trading/experience with the market.

It's not often about having a huge capital. Although that could push for quick achievement of your trading goals, be it long or short term but still, tye risk factor is inevitable.
When it comes to not having enough capital, the ETF programs are up to substitute for that.

It's left for you to have a well grounded skill on how to analyse and trade the market. Don't just trade, be sure to have an indicator either as a tool or an analytical pointer that determines your entry and exit point. It's one way to ensure you ain't gambling the trade and you have a plan for your trading.

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Quote from: Jonyshake71 on January 14, 2024, 03:15:34 PM

Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds.

Most cases of the cryptocurrency trading we have, you are likely not to loose all your money invested on a particular trade, but you may loose part of it, this is because the market is volatile and you loose while over time you can also gain depending to the performance of the market and the coin you're dealing with.

Quote from: Jonyshake71 on January 14, 2024, 03:15:34 PM

So it isn't recommend to trade if you don't know anything.

It's true, if you don't know about trading, then don't start yet until you have an idea on what to do there, virtually almost everyone of us started from somewhere by learning how to trade till we are where we found ourselves presently being a trader.

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Quote from: Jonyshake71 on January 14, 2024, 03:15:34 PM

Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds. So it isn't recommend to trade if you don't know anything. But I don't support the idea "Doing trades with small fund and keep learning". Cause thus i made loss continuesly. i know a traders need to know technical, fandmental analysis, need to check news and many more. So What things do you follow and advice before open a trade?

Trading is dangerous anytime money is involved, thus it is a discipline that requires preparation. Because of this, it's not a good idea for someone who is unfamiliar with trading to pursue it, instead, they should conduct research and study trading to gain knowledge of both technical and fundamental analytical skills. However, why do some people lose money when trading? They notice that the market is poised to decline when they trade. They will rush to switch rather than wait for the market to rise. And you want to make profit. How are you going to make a significant profit? For this reason, learning to be patient is just as important as knowing how to reduce risk.

Furthermore, It takes more than a week or months to accomplish a goal; instead, you must continue to learn since the more you learn, the more you will advance. The problem with trading is that, in order to avoid finding anything too tough to do, you have to follow people who have a lot of experience in the field if you truly want to become an expert.

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Quote from: DVlog on January 22, 2024, 06:38:20 PM

Quote from: Jonyshake71 on January 14, 2024, 03:15:34 PM

Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds. So it isn't recommend to trade if you don't know anything. But I don't support the idea "Doing trades with small fund and keep learning". Cause thus i made loss continuesly. i know a traders need to know technical, fandmental analysis, need to check news and many more. So What things do you follow and advice before open a trade?

You made losses continuously because you didn't analyze your mistakes and learn from them. It is not hard to learn basic knowledge about crypto trading and it won't help you to be on the winning side. What most important in crypto is to maximize the profit by minimizing the risk which can be done if you have a good money management strategy. It is more important to have the best exit plan than to have a perfect entry. Most of the new traders spend their years to learn how to get the perfect entry and till they realize they are doing it wrong they have already taken a massive loss that kick most of them out of the market.

Losses is result of poor judgement on the way how they trade those crypto's in the market and if he learn a lesson from the mistakes he made for sure he can use those experience to be more careful on for next time around. Although we can't acquire some skills instantly but if we are consistent seeking for more valuable information about trading and also we follow those people who do good trades for sure we can learn from them. There are also lot of resources online that we can read and for sure if we could just spend time to read and try to apply those methods introduce to us for sure we can make this as a basis to have a good trades also make us more stronger especially on taking good decisions in the market. Most of newbies really spend years to learn trading but if they are just consistent and show willingness to learn for sure they can make those timeline a little more and for quiet sometimes they know how to trade and create good strategy for theirselves.

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Quote from: Jonyshake71 on January 14, 2024, 03:15:34 PM

Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds. So it isn't recommend to trade if you don't know anything. But I don't support the idea "Doing trades with small fund and keep learning". Cause thus i made loss continuesly. i know a traders need to know technical, fandmental analysis, need to check news and many more. So What things do you follow and advice before open a trade?

If you are trading futures you can lose money within seconds at the peak of the market ups and downs but if you are trading spot you will not lose money within seconds. For trading I would always suggest to choose a good exchange platform like (Binance). Never trade with emotion on a trading platform because you can never trade with emotion on a trading platform trading with emotion will only make you lose. One can never be too greedy on a trading platform and one can never lose patience on a trading platform. Also a person should always use his own strategy to trade. And especially in the case of trading, trading should always be done by looking at the good news of the market.

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