Topic: Who are the 1% of traders who earn with trading? (Read 1038 times)

You are absolutely correct! This is part of mind-set that differentiates successful people from the failed ones. Also there's a saying "smart man learns from own mistakes, wise man learns from mistakes of others". Yet, learning here doesn't mean paying money which you could invest otherwise, for something you can get free of charge from google.

Well, we can't deny it. I also lose like 90% of my total capital in my first month or two of trading but failure is a must for us to learn. That is why it is advisable to start trading with just small capital and just add later on when you are confident in your trading skills. There is no one born a trader we all experience tons of losses before our success. All we need to do in order to be better is keep on studying and learning from your own mistake much better if you will learn from others' mistakes.

If you already can cover your life expenses with trading profits thats already a great achievement! Most of the people who trade even for a long time cannot do even that. So congratulations to you!




True, but many people will lose their all available-for-trading capital once they enter for the first time to try it out

The trader who maintains profitable after so many years are those consistent traders that lost their money, earns money, and learning every single day when trading. Trading is not an easy job to do especially when you don't have enough courage to start and risk your money. When you start trading just because your friend is trading, I'm sure you're going to lose a lot of money.

The key for a successful trading is to study first the basics, so you'll have your foundation, and then apply what you've learned using small entries only to see if it's effective or not. If the results is good, then try to increase your bet, that's how it works.

I don't think I can define myself in this 1% because I don't earn a lot just enough to pay the rent and some extra expenses, but I always return my investment and I can work comfortably from home.
My advice is to study a very small number of the alt's in the top 25 and then decide how much to invest, diversifying the portfolio. 
Buying at a minimum and waiting to sell are the two great secrets

First of all I really want to thank you from myself personally, from the name of our CEO and from the entire team! We really appreciate that you took time to go through our website and check information about us. Secondly, this question has been asked before on our ANN page, and we disclosed part of the team on the 2nd page (here: https://bitcointalk.org/index.php?topic=5293103.20). And thirdly, you are absolutely right, and we all understand very well your argument - all the new exchanges that emerged recently either luck liquidity, so once you enter, you cannot get out, or simply scams to steal your deposit, or sell you useless tokens. I will address this part on our own ANN thread in order not to disturb people with advertisements who don't want to see it here, since the topic is not about this And last, but not the least, it's OTC only for now as the product is highly customizable to your own needs and wishes, however, in 2021 we will be launching the standard CEX which you all guys used to where you can trade standardized TVS as well, as trading OTC just whatever you personally. wish to trade. Thank you again for checking us out, and feel free to reach out with any questions you might have.

That's hard to understand (not sure if it's my personal issues with ENG or I'm not the only), but I get your point and you are very correct You refer to patience and stability + self-control in emotions in order to avoid selling @ lows and buying @ highs when there's all this hype.




You don't need to think so... You can be 100% sure of that. This is the reality of those public "traders" who earn purely on their subscriptions/lessons/signals, and nothing more. All those screenshots & videos of their accounts can be faked without any effort, and that's what they do, and that's what common people don't know about and therefore believe them.

Etoro is one of the reputable exchange and it will hard for people to believe you. If thats you truly plan to offer it really a good idea but I have once went through your site but I dont anything that explained as part of your activities and what I saw is you guys to be the first OTC cryptocurrency derivatives marketplace which allow the creation of new instrument. However, it not easy to trust new exchange with anonymous team lolthat offer all that you said.

All these traders make such a huge point to talk about all the profits they make during these crashes,,, but I bet you they hide majority of the losses they make.

I personally think the only money they make is from idiots who pay for their signal subscription. It seems the only way to make money from trading is not by trading;)

These merchants exchange when it is required - when the business sectors will take an action which is huge to such an extent that it can have a colossal effect when occurred. On the off chance that you decided to be more patient and consistently control your feelings when exchanging, at that point you can be those who stay to exchange effectively after long years exchanging.

True, but in the current world of 21st century the amount of information bombarded at all of us from every corner is so huge, that you probably gonna waste a pretty great amount of time by filtering it out in to find out what is good and what is not. That's why most of the rich people don't even read news (at least they say so), because it will take too much time and efforts to read it all and filter for reliable sources.

I know a lot of people who have made a lot of money trading cryptocurrencies, stocks, etc. Perhaps many people lose money on exchanges and are statistically counted among the entire number of traders, hence such a low percentage of successful traders. Such people simply act at random, or follow the general trend of investing in something, mindlessly following the opinion of the crowd. If there is a sufficient amount of reliable information that gives grounds to draw conclusions about the future growth of an asset, then the chance that you will lose money after investing is low, so you should not rely on statistics. You always need to think with your own head and constantly analyze the situation, the same is true with investments.

Yes, that was the main argument I was trying to make that those 1% usually can trade something what most of us cannot. Even with etoro and others, they rarely bring something entirely new or something "from elites" to the common people. This is what we are doing now


Yes, you are correct. Bitcoin, same with nuclear power, and just hammer - was created to solve something specific, but got/getting misused by hummanity.




Yes, you made a great point. With short-term trading profits are typically more volatile, but if you invest and wait long-term and able to survive temporary price swings then can earn better ROI and take advantage of shorter term P&Ds.

They usually took profit from occasional pumps and dumps, it could be easily done if you trading short term because these pumps and dumps are like waves, there's time when it goes down but it will surely make a recover if the coin is good enough. By that, despite the bearish market they could still make some money and the rest of them more specifically long-term trader always bag holding and keeps buying when the coin is at its lowest point.

I'm used to the bonds trading investment but there are some crypto exchange site like etoro etc that provide bond investment and about 1% whales have access to something common people cannot access is widespread in almost all investment setting and for this not to be a subject in crypto is the reason why Satoshi market Bitcoin decentralized.

You are right but it good to count one blessing not to be ungrateful or blaming Bitcoin for their own mistakes.

Thank you for your recommendation! No way we would just randomly throw out some random numbers Unfortunately when I tried providing direct links to the researches with URL links to the papers, my comment got deleted by the moderators, so I am not sure what's the issue with that But if you have any advise about how to edit that and not make people managing the thread delete it, I would really appreciate that and would surely edit the initial message.

And the 1% is not from the total world population actually, it's from traders who trade. If you consider number of people who actually trade - that's pretty small number (less than 0.1% of total population (I assume)). And among them very few trade persistently. And among them it's like 1.6%... so the number is in fact pretty small, but yes it's not as small as 100-1000 people in the world. But I guess you are right - those 1.6% are not here, as they are busy with doing what they do better than the rest of the world and all of us here, so all we can do is just guess, and assume.




I see your point, but I think even if everything keeps going up it's still pretty possible to lose a lot of money. Many many maaany people would short @ $20k, @ $21k, ..., @ $25k and now will short again. So just imagine how many of them are in losses who will be contributing to those stats. Also don't forget the ones who do earn in the growing market, but... they don't consider their fees, or some even don't know about them spreads, network fees, deposit/withdrawal fees, interest on margin accounts, interest on leveraged positions, and taxes (if there's someone here paying those on your crypto), and many other hidden things. When consider all - numbers are not that positive as people see in their terminal screen.




You are absolutely correct! But just to clarify - do you mean long-term trading, like as real trading (scalping, swing, hourly, weekly, etc.) or you mean investing? Because I think once you trade covers a long-enough time-period like years, it becomes very vague if it's trading or investing. Like, maybe I invest with 1-2y horizon based on hype, news, and short-term fundamentals. At the same time, someone might be buying in January 2020, and expecting to exit h/is/er position in Jan 2022 based on ultra-long-term tech analysis. These types of people are kind of hybrid between traders (with up to 1 month trading period) and investors (who typically expect to exit position within 5-10 years).

Trading is not easy and statistics confirm the hard truth traders afraid to accept. Everyone wants to see themselves on the winning side but the practice and trading skills are not the same for all types of traders. Long term trading is the key to be on the green side while short terms traders burn their 1000th trading account with the hope of getting a big one day. Finding the 1% profitable traders is harder than finding 99% of losers

What percentage of ppl who do this full time make a yearly profit on this?  Thing is when crypto is down all year like few years ago, how did any of these traders make any money is what i want to know?  Because if everything keeps going up... its like well its hard to lose if you only buy/sell the top coins.

Nah, not always. You can check the story of LTCM (https://en.wikipedia.org/wiki/Long-Term_Capital_Management), Lehman Brothers (https://en.wikipedia.org/wiki/Lehman_Brothers), and there are others as well - they were the whales of the whales. While also you can check Takashi Kotegawa (https://www.worldtopinvestors.com/takashi-kotegawa-investor-profile/). So whales are not the smartest people in the world We all have chance.




Well there are different kinds of bonds though, there are high-yields, junk bonds (some people made fortunes trading those), and other fixed-income products (but most of them are not accessible to common retail traders actually, that's why few times I mentioned that I think those 1% might have access to something what common people cannot access?).

I'm sure there are both kinds of people - someone who will be showing off with their profit making ability and saying they are so smart, and others who will be talking about their losses and saying it's just this only time they got unfortunate. But I think there will be more people showing off their profits though.




You forgot to add "most traders are newbies lurking and seeking money on the internet, and end up selling trading courses or VIP signals and using that profit claim they are pro-traders and reinforce the cycle"




Great point! And the people like Takashi Kotegawa (there are others also) are great example of that. Start at the level same or lower than most people in this Community, and end up being an individual trading more than a lot of funds in the world.




Yes, and not necessarily happy with them. "Big brother is watching" - so can also be a reason for them to stay lowkey given the fact how much most of us love to pay taxes from crypto


Thank you for that! You will be among the first ones whom we gonna invite for those courses/lessons/videos when we make them available It's at our core to help all people around the world to have the same opportunity and knowledge in the advanced financial areas as the common "financial elites", because when more people know about it - we are more equal and have same chances to benefit from it (no, we are not communists though to make everyone equal ).

Yes. Remaining lowkey would be the best thing while watching everyone who's also happy with them.

Good luck with that plan. That's a good initiative if you have plans for that. I'm actually not a good educator so basically, you can start with it and sharing ideas with us about that topic.

It is for sure that when a topic like that comes out, there will be people who will be eyeing it. As the usual quote about money talks, they're there to listen.