Topic: What you need to know about trading - page 2. (Read 932 times)

Most people think life is a bed of roses, is all about sunshine,  enjoyment etc not knowing that there's always a  tough time and the ability of one to overcome this time makes him great.  Tough time is the point through which poor and successful people emerges depending on the choices and decision they take.
Most traders and investors are inpatient they only think of the positive side of it ( making profit) not knowing there will always be a loss someday,  well most of them know but when they make losses they became frustrated and unstable,  some will give up because of that little experience.  Sometimes we make losses and we have bad experience like we offend God but no, we are only been tested.  Some of the spirit of a trader or invest is "I can make it mindset, resilience...

Trading carry so many things which many people don't know and, you need to know some of the things that attached to crypto trading before risking your money on it.

You must exercise patience in your trading which is one of the advantage many professional traders used to earn big money from their trading because they continue hodling whenever there is a bear run in the market, so that they will not miss their opportunity in the future. You must know that there are two things you cannot miss in crypto trading which are gain and loss, if you miss loss, you will surely embrace gain and if you miss gain you will surely embrace loss.

-snip-
Also, market conditions are different at different situations, a better and good trader should always have eye on each condition of the market. Only then he can get the respectable movements through his journey.

Trading could have some level of high risks depending on how long we intend to stay in the market and the amount we are using to trade in the market. Trading is more of preparation and not just entering the market to make profits for ourselves when we are not ready to do what will attract more wins for us. What we need to know about trading can be huge or less depending on the kind of trader that we are or the kind of market that we plan to trade. Different market will attract different profits and pattern in which we can use to trade and make profits from the market.

Trading means risk so you have to trade with risk and if you can control your emotions between profit and loss high risk often brings good things. Trading requires a lot of discipline and can be risky if inexperienced combined with competent decisions. A person needs to have a lot of trading knowledge to make the market trading journey less risky. Failure is a part of any type of investment and trading is no exception. If you follow the strategies of successful traders keep more money than you want to use in trading, the chances of winning will be lower and the risk will be lower.

Controlling your emotions is not easy, but ignoring them is quite easier to be fair. If you end up feeling anger or fear or anything else like that, ignoring them is easy, you just focus on something else. None of us are living a life where we only look at the price of a crypto and do nothing else in life, we all do something, we work, we eat, we sleep, we go out, we watch something, we play, we date, we basically do so many things in life everyone has their own thing, everyone has different life.

I think it's quite important to remember that you could stop looking at crypto and do something else, which would be ignoring your feelings there and then focusing that into something else. Like if you know how to play the guitar and like it, then you could stop looking at the screen, pick up your guitar and play a song, it's possible and it would ignore your emotions about trading. This is what I do, I like to play games, so I just quit the website and go play some games.

Those who stand strong till the end will be called victorious. But it is easier said than done. Losses in trading could lead to many things which include emotions. Controlling emotion is not an easy task. It takes years to master it, and even after that one may not be able to fully control it. But that's just it. We are human, not mindless robots. It's not a bad thing to get affected by emotion. All we need to do is control it to a level where it won't affect the trade.

Having positive thinking about everything is not always a good thing. Making mistakes as a human is natural. But if you think that it's just a test, then you will never be able to overcome that mistake. Learn to embrace your mistakes and try to figure out why you made those mistakes in the first place and try to fix them.

Many people do not make inquiring before they entered into trading and the things is one of the things that makes to lose in trading, so I believe in trading you have to understand the basics things of trading before you venture into trading, because the success of trading is ability to know when to enter into trading and when not to enter into trading, so therefore when we think of trading we think of the hindrance of trading, the inpatient you are emphasising on a traders is when you have not understand the rudiments of Trading is when you be inpatient in your trading and also in your investment.  But when you have peruse into trading and understand the concepts you know when to trade and when not to trade and also know when to purchase for investment and when not to purchase for investment.

We all know that people are interested in the positive aspects of a subject, no one ever thinks about the negative aspects. People are interested in trading by looking at its positive side, you don't want to remember that someone has lost money by trading but if someone you know makes money by trading it will encourage you and make you interested in trading. Being interested in trading after seeing the profit of others, we decide to trade directly but before trading we do not think so much that we have a lot to learn about trading before trading.

They can just think about the profit if they are capable enough to trade and claim that they are knowledgeable enough. But as long as they are still learning, they first think and focus on analyzing the market and helping it understand with the help of these trading tools available online. They should think about preparation first before thinking about earning as it is easy if we are already fully equipped with knowledge, skills, and strategies as these are the tools needed in order to succeed.

simply know that emotion influenced trading and decision making will lead to a loss. moreover, the market might not behave like described in text book technical analysis there's so much thing actually that you need to know to succeed in trading, there's reason why many people out there are deiciding to retire from trading because they think they're not good enough and trading in itself is mentally exhausting.
basically you need to go against the people that have big capital, also those that posses the coin at large amount which are ready to dump whenever they like.
you need to contend against those and make your own feat by buying low selling high, therefore even though trading was being pictured as easy if youse those influencers its actually really hard.

What should you spend time doing, looking at the charts and candles, dazzling out emotions when the trade goes against you when you got little amount to kickstart is something ridiculous. Trading crypto requires you buying at every low price and not good for people without money, not excluding beginners but to experts too as well. Trading is easy especially when trader has many streams of income to diversify his earnings into crypto.

Before you learn or have an understanding of trading, you need to spend time and time, it's not just one day that you will immediately understand everything in trading, it's not like that in the trading industry, everyone has a period of time as to how much we should do it -take time actually.

There will be some people who will reject your assumption even though it is basically true, for people who are scientifically illiterate but very open to the name of profit they will not care about ideas that will hinder them. Many come because they are motivated by others who are successful and make huge profits from trading, they want to have the same fate but the problem is that they do not bring any preparation and fishing tools to get, isn't it nothing more than gambling? yes I would say that if anyone gets involved and enters the world of trading without having any understanding and knowledge, because they will only depend on luck.

With that said, I would agree with your statement that "trading is not for everyone", and I would add one thing "there is no instant wealth in trading". Before you jump in and get involved because you are motivated by the success of others then I hope you should first see what difficulties they faced in the process of achieving it, if you already know and have the answer then I'm not sure you will still be convinced to get involved. Basically, there are so many things you have to prepare, good planning, money management, emotional and psychological, patience, consistency and willingness to continue learning to improve. So think and consider again if you want to get involved.

We all know that people are interested in the positive aspects of a subject, no one ever thinks about the negative aspects. People are interested in trading by looking at its positive side, you don't want to remember that someone has lost money by trading but if someone you know makes money by trading it will encourage you and make you interested in trading. Being interested in trading after seeing the profit of others, we decide to trade directly but before trading we do not think so much that we have a lot to learn about trading before trading. Trading is very easy for those who have no idea about trading but for those who have been involved with trading for a long time, trading is not at all easy. A trader has to risk money before trading and that trader has to be sure that he is risking money in the right place. A lot of market research is required for trading. A trader should understand these issues before engaging in direct trading.

I feel that what you need to know about trading is that TRADING IS NOT FOR EVERYONE.

I think it's not good to advise them to quit trading. Yes, maybe they quite lose some money or amount, and maybe they are suffering from it, but maybe because they keep on losing in trading, it's because they lack something, and what is it? maybe knowledge and experience, maybe they didn't have enough knowledge earn in trading and if they do, they still need to deepen their knowledge to concure every situation in the market. experience. We have a saying that experience is the best lesson, so maybe there will be a point where they can become successful in trading. God has a plan; not everyone can become a successful earner in trading. Maybe what we can consider to advise to quit trading are those who don't want growth in their skills, are content with the little knowledge they have, and keep complaining about why they can't earn in trading.