Topic: What people some people don't know about trading - page 3. (Read 945 times)

Well that's right, I think that is really the case especially experienced by most beginners who just came and got involved in trading where I think there are very many beginners who come with the intention of becoming rich people in instant time, all of that in their minds due to seeing other people who managed to achieve profits in very large amounts that could make them change their lives to become financially established and of course who doesn't want to reach that point.

Until finally the beginners are motivated and feel compelled to get involved in the world of trading, they only think and only focus on the profit opportunities without knowing how difficult it is to go through process after process of difficulties that exist in the world of trading and without further ado they immediately deposit and trade at the beginning of their involvement without knowing that actually trading cannot be done that easily, there are so many things that must be prepared thoroughly before finally being able to really plunge into real trading, which in the end yes of course as you say that unconsciously his trading goes like gambling where they get profits only when luck comes and is not based on any analysis and skills, and I am sure that most traders who ultimately fail they are typical traders like this, and simply put is how can you make profits like others while you do not learn anything that will be used as a fishing rod for profit.

When it comes to learning then there's no such thing about precise time or duration on which someone could be able to have a good grasps with trading on which there are ones who do took a couple of years, there are ones who do able to get a year and there are ones who do able to get good grasps on 6months+ which it would really be that totally depending on a certain individual.
Also, theres no such thing about perfection because no matter how good you are, you would really be still able to lose. What matter most on here is about sustenance on which this is something
that you would really be surviving into this unpredictable and totally random market.

Its normal that noobs will really be having that kind of approach towards trading whenever they are still starting specially into those times that they've seen online
with those huge gains without even trying out to realize that it was never been easy once they do step their foot into this space.

pardon me but there are many people that have massive quick gains with crypto as much as unreal it is but there are some people that are indeed lucky enough to gain massive profits.
its just that as you said, not everyone is lucky so the chance of us being the luckiest person out there is slim therefore conventional trading that requires dedication and skill is the way here.

what many people fail to understand though is probably the fact that with trading, dedication and skill doesn't necessarily guarantee success i mean there are people keep saying that hardwork pays but really trading is different case altogether the market of crypto is never that easy to predict, therefore its not pure dedication and hardwork that matter.
the adaptability of knowing how the market behave is also one way to be success in trading, I believe with combination of all those will evenutally spell success.

Greed will of course make someone unable to achieve what they have targeted in the trades they make and this will be very detrimental to someone because they continue to chase profits and they are not aware of this so they experience losses on the trades they make.

Doing trading is not an easy thing, of course there will be risks that they have to face and we must be prepared to face losses from trading if we make mistakes in trading and self-control is of course very important so as not to trade greedily and must analyze the market so as not to make detrimental decisions.

Gambling - LOL.
You know - some people just gamble under the pretext of trading, it's there and even they fail to realize it.

Look at how many newcomers are hoping to get rich overnight on meme coins or bitcoin or so on. They just want to make money without doing any analysis - that is the reality among beginners which is ultimately called gambling. They don't realize that they are just hoping for luck - but they recognize themselves as traders.

That person is obviously into greed of making money. And being greedy in the market might likely end up being a loser as he will continue to chase for quick profits, when we all know trading profits will only be possible after a long day’s hard work and dedication to the market.

Trading is never easy and is always associated with risks, so if you are weak and gets easily fainted when you fail to make quick profits, then think of it, you are not actually trading in reality, but more likely you’re gambling your hard-earned funds.

Then maybe people that doesn’t know about trading and have never traded before are the once that will think trading is a get rich quick scheme. Some people just see videos of how to trade on YouTube and they think trading is so easy just the way they see it on YouTube, some people are always deceived by all those signal providers on social media, they make trading looks so easy, and they make people think they can easily get rich from trading without losing money. But to be honest real traders know that trading is not easy, and it’s not a get rich quick scheme.

Trading isn't a shortcut to wealth; it's a journey requiring dedication and skill. Quick gains are rare; success comes to those who invest time, learn, and stay consistent. Earning big demands a year or two of mastering a specific skill. Without effort, replicating their success is improbable.

Don't be easily lulled into believing words like this. Don't even trust anyone saying to be rich quickly overnight by following or depositing ........  bla and bla bla.. They have high possibilities to trick you.

Yes, there must be a good combination and very thorough preparation to be successful in trading. What this means is getting more profits than losses every day. And this is actually quite possible, as long as there are several things that need to be prepared. Yes, you are right, work hard, consistency, lean smart way, are very important things. Undertaking in trading is also very important because it involves the strategy that is applied and also the decision making that will be made at a certain moment or position.

For skillful people and knowledgeable about their trades, this is correct but obviously, it does not end there, it is also quick to lose money.


Aside from working hard, trading is a place for people who have a knack for telling the future trends of the market.  1 - 2 years of their time is too short to learn the ropes of trading let alone perfecting trading skills.  Trading is continuous learning and researching because of the many variable factors that can affect the market.  These too many variable factors are the reason why even TA experts make a lot of errors in their price predictions.  This is also why there is a 1% rule[1] in trading where traders do not risk more than 1% of their holdings in a single trade.

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[1] https://www.investopedia.com/articles/trading/09/risk-management.asp

A fast way to get money, But also a fast way to become poor. People who say that trading is a quick way to get rich are those who only know about trading people who make money easily, but behind it all there are more losses that occur. Don't just look at one side, because that's not fair enough. People with 1-2 years of experience in trading may not necessarily be able to get big profits, this just depends on how they learn and how to carry out good and correct strategies, because there will be no guarantee of profit. Losses will definitely happen to anyone, it's just how they can manage them well.

If I should answer any question concerning quick money mindset and trade then I will agree with this mindset. Comparing trade and hold you'll definitely find out people earn quick with trade than hold, since this is not the point here, trading need a little time to learn the basics skills involved and not just learn but you sacrifice a lot of money during the process. Aside from lose, acquiring trading knowledge requires money, I know a lot of newly traders who spend money on weekly tutorials just to acquire trading knowledge. My advice for people with this mindset is nothing comes so easy, successful traders sacrificed a lot and I'm sure whenever they share stories about their trading experience they will never forget to mention the struggles involved. Definitely trading render benefit like the quick money profit compared to hold but the only discouragement here is the loss but I learnt a principal about earning; you can't earn without giving out so any experience I get right now is just a lesson and correction

Apparently trading is quite easy and possible for anyone to do it and the only skill they need is basic internet knowledge. Theoretically trading is the fastest way to make money in the cryptos but it's different in the real world, having consistent success while doing trading is close to impossible. Another thing you may work hard and build a perfect trading strategy still you may end up in a loss.

that's not wrong. Very many people actually see trading like that. In fact, many people think they can turn the $10 they have into hundreds of thousands of dollars in a short period of time. In addition, many new traders think that meme coins can have prices that may reach tens of dollars or even higher. Sometimes what they imagine is different from reality.
Many people realize that, and try to pursue trading the right way, and I think the people who succeed come from people who think like them.

An unrealistic mindset never wins. These people will just stay short and quit. Or, that quicker they lose their money.

No matter how long you've been trading, you can never find profit consistency. Maybe their chance is high but still, they can't escape from losing. Even though we have already gained deep knowledge and great trading skills, this won't change the fact that this won't ensure profit.

For me, at least earning $1,000 per month is big enough as a minimum. We can push hard to reach high but must remember that greediness always never ends good.

Those who think that trading is the main purpose of making money is not correct at all, but it is never a place to make quick money. Rather, when you step into trading, there is always the risk of losing your money. Any time you lose, you can get emotional. Trading is a place where you have to work hard and need the most knowledge and experience, otherwise you will never make money from it. To start trading you first need to take some tips about the volatility of the market and analyze the market if you can observe them well then you can start trading. Moreover, if you go for trading then it will always be risky for you, and you will lose money and never get close to profit. Anyway I think you keep trading with the amount of money you can afford to lose because at any time you can lose, and you can be emotional, so start it with the amount of money you can afford to lose. Only when you can bear the risk of losing your money can you go into trading and have a chance of getting a share of the profits. But you must always remember that it is not possible to make quick money by trading, so you must always be careful about this.

You are right, because success does require hard work, including trading and those who consider trading as a quick way to make money are people who enter into trading because they are misinformed, seeing successful traders making a lot of money and thinking it is the result of a fast process when it is not.
Traders who are consistent in continuing to learn will be able to survive and be able to earn, but how much income they earn will of course depend on the capital used, and achieving that takes a long time and often before achieving what is expected they stop because they are not too patient in following the process that must be carried out.

Off-topic:

@OP, you need to edit the title and remove the word "people" after "What" because it's extra.

And, I have seen you making back-to-back posts and that is against the rules. So please refrain from doing that and instead, quote everyone and respond to them in a single post.


On-topic:


You are right, but who would make people learning about the existence of cryptocurrencies understand the actual concept behind them? They hear about stories and stuff that people have earned millions of dollars from cryptocurrencies and now they have that image in their mind about cryptocurrencies.

There's a lot of way to become more effective in crypto trading and we should always think that this is not an easy money scheme.
In trading, you have to understand everything and you should not make any action without having your own analysis.

I understand why many prefer to join any trading signal group, but if you really want to succeed, you can continue to learn while you are still part of that group because sooner or later, that group will become useless and at the end of the day you are still the one who can trade on your own.

Ah yes! I remembered, how those who long got liquidated in the matter minutes. As of then I didn't bother trading since BTC is my measure asset I trade. I basically stored them in Savings to acquire the high Apr I saw. Still yet, I was monitoring the market and saw how that event happened