Topic: Who are the 1% of traders who earn with trading? - page 2. (Read 1038 times)

not at all, we can say that those 1% are those people who are not afraid to take step in the game , they are not afraid to take risk and willing to lose in order for them to gain in the future, even we are not whales , still we can have that opportunity and use that to grow our asset.

Exactly and I agree with you.

I guess they are those traders who earn a profit using their huger capital to gain continuously in the market. Manipulating the price isn't easy I guess, but if you are one of those whales that has a huge capital, maybe you can.

Another factor that possible to consider as a remaining 1% of traders is those who are experts in trading and building up their fund just to survive in trading and gain profit. But who are they? That question we did not know because as far as I know, most traders are newbies lurking and seeking money on the internet.

Speaking of opportunity cost, i will spend more time on the safe bonds which will yield 3% in less than one hour and this is the reason why i don't spend much time on trading in the first place.
Was is it worth that?

I guess you are right but i just dont see it as something nice because they usually dont talk about the moment of profit making but their loss.

The remaining 1% of traders that really make hell of money from trading are rich whales who can easily manipulates the market to make their own gains, they hardly end up in losses, their huge funds or assets is their true power

True, and I forgot to mention such thing as "opportunity cost" like - okay you earned your 5% in active trading by spending 12 hours/day, but you could earn 3% (for example) with some safe bonds and with 0hrs. spent of your efforts. Was it really worth that?

And yes, sometimes get overconfident just because they get lucky for a specific period of time and they think it's their skill... and when the reality shows them that they know nothing about trading, they say they just got unlucky




The fact that you mention that many people leave and come-in just prove some of the points listed - that most of the people are not even able to stay for a long enough time. But those 1% are the ones who do stay in the trading for many many years.

I Don't understand what do you mean in 1%. Many trader brake in crypto market but many Newbie join for trading. Trading is risky way but many people make huge profits.

Good point cause 80% of all the newly created are hype base and this is the expanse where every crypto traders need to have knowledge not only to read the chart/candle but also have the awareness of the perfect investment in the which is not hype base.
I don't trade often cause i don't like spending much time on trading but i surprised some traders usually complain they only make losses whereas in the knowledge they lack.

Good point, probably "big money loves silence"?
 

I see your point. Probably you are correct about this also. Then we could be the ones helping "the average Joe" to get the skills which is typically possessed by the financial elites. Might be good point for ads for us next year (not self-promotion)

For sure they are here, they could be at any rank of account but if they choose not to join the discussion. They want to remain silent and lowkey.

Probably it's because many are still not aware and lack knowledge about derivatives. And if there's someone who knows it, he won't share it unless someone asks for it.

When I went through your points, you have done a good research and I must comend you on that. When I started trading few years back. I was so enthusiast that I'm going to make really big. I have little or no experience all I had was an unending desire to start making it big time trading. That was my only mistake that you can't excel in what you don't know anything about. I made lot of mistakes in the first few months, the lost was much. I almost quit and I remember why I started in the first place. I had to go back to learn how to trade. After learning few things, even till now I'm still learning. And it has improved my trading skills

There's no secret with it since they do a lot of efforts and have a good dedication to learn with it for more many years that's why by now they can manage to take the risk and earn with it with proper discipline, there's a lot of video spill over the internet to learn from and we will not ask them for any secrete if we will just learn it for ourselves.

Based on the discussion above I wonder how do you think guys:

1) Aren't there any of those 1.6% of top traders here on BitcoinTalk? Since I assumed they also would be replying and sharing their thoughts, but for now as we all see it's mostly assumptions of the rest - 98.4% of traders

2) How do you think, could that success be partially explained by the use of those traders of derivatives? Since it's known that derivatives do create significant returns at less risk, but the problem is that the majority of people even don't understand those derivatives, structured products, etc., so among the ones who do understand, a small group can benefit from that. Do you think this could be a reason?

True, you always will lose and win, but the 1% - the top ones are able to do win persistently. Not meaning they don't lose, but on average, with consideration of all expenses and fees, and loses, they remain profitable. While others might be thinking they are profitable, but if account for fees - they will see a different story.




We are back to the point we all discussed like 2 pages ago in the tread If emotions are the issue - then isn't it better just to automate trading?




Well yes, you are very correct. Once someone shares the real secret of success - everyone uses it and nobody earns anything from that onwards

It's very hard to say why and how they do it because if we knew, we would already have been one of them and wouldn't want to spill the secret but yeah, trading requires a LOT of patience along with good market, political, economical, geographical knowledge as well as psychology of consumers and government department incharges to be taken into account to make a very good prediction of any company before investing in them and make good profits. I guess that's why the number of successful traders are so low!

Because they have more patience, right decisions whike trading, controlling their emotions better than others simply they are trading better than what most people performing so they are making more out of their efforts than others.

This is the trade talk that newbies need to know that trade is not all 100% win. You win and you lose. You enter part of the 1% and improve more but maybe at time go down, either because lack of focus. A trader need a good management to always be in profit averagely than you are losing.

Yes, me, and other members discussed that few times above also.




Wow, that is impressive! You can definitely get his insights on what he, from his opinion does different from other people who trade. There are people who also trade for 10+ years across different markets, but persistently make losses, but your friend appears to be among those top 1%.




Yes, that's the reality. But why exactly that guy or girl would be benefiting on the expense of others for a long time, instead of another person?




That's in theory, but in practice things work out differently as opposed to our expectations unfortunately. While being humans, we are mostly irrational, therefore, no matter of how long you trade - emotions always can take over your logical thinking (for example you traded for 30+ years and everything was good, then your pet died, you found out your wife was cheating with brother, some relative got lethal disease, bad weather, etc. and all in one day. The next trading day for sure is not gonna be same with the one before that. Furthermore, if that strategy would really yield significant returns, it would be discovered by many people by now and they all would become Warren Buffets probably.




Yes, but we are talking about the ones who persistently make profits in the market, not occasionally. But for the second part of your comment, you are absolutely right.

It’s not like everyone is steady cashing out from the market. Sometimes you’re among the 1% of those that are cashing out and sometimes you are not, it’s just knowledge and luck a lot of times.

But there are people who are making more profit , like 80% or so of the times they trade they are usually successful and these are people who have serious knowledge in trading. And as for the whales I think majority will be too busy to sit down and be trading, they are very busy businessmen, and what they do is to hire very smart people who have got the brains to do the work and at the end of the day they get their reports.

I prefer not to spend all the $100 for active trading at once. Will simply keep it ($100) in a stablecoin and probably use a small part of it (maybe $10-$50) on daily/weekly basis for buying significant dips. If price continues to dip significantly, I would continue buying. When it start moving up again, I will probably start selling some gradually. This (buying significant dips & selling significant highs) repeated many times can easily earn you significant profit every month.

If you ask why then the answer is profits made by a trader comes from the loss of another trader so if someone is in profitable for ling run means many traders helped him to make money with their losses so the one remain long while all other left in the meanwhile condition.