Bitcoin Forum

Economy => Trading Discussion => Topic started by: sotelorene on November 22, 2023, 08:31:06 PM



Title: What you need to know about trading
Post by: sotelorene on November 22, 2023, 08:31:06 PM
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...


Title: Re: What you need to know about trading
Post by: Odohu on November 22, 2023, 08:35:33 PM
I think this topic should be posted in the Trading section. You might consider moving it there so it can be discussed properly.

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...
Yes positive affirmation is a good habit that every trader must inculcate in their daily exercise because it has it's way of impacting on how we make trading decisions. Trading success does not come by chance, it is a deliberate process that involves both technical and psychological preparedness.  First step is to believe that success is possible and achievable.



Title: Re: What you need to know about trading
Post by: Fuso.hp on November 22, 2023, 08:50:34 PM
Since there is a section to discuss trading matters I think this post should be transferred to that section. 

The first thing a trader needs to do trading is the right mindset of trading and the right understanding of trading. When a new trader has a clear mindset about trading, he can make different plans about trading. A true trader's job is to have a sound understanding of trading along with risking some money and analyzing the market in the right coin at the right time. In the beginning, a trader's patience to risk money is a bit difficult, but later, when the new trader continues to trade gradually, he will become more skilled and adept at trading. Apart from deciding to trade, a trader should regularly try to keep an idea about trading and try to learn about new things only then a new trader will be successful in trading.


Title: Re: What you need to know about trading
Post by: passwordnow on November 22, 2023, 08:59:25 PM
Everyone is on that mindset of making a profit. You don't get into trading because you've been dreaming to lose all of your money. That's the common thing and dream that everyone is sharing. We trade because we've heard and seen it to the others that did it and they became successful. But that's not the actual thing there, we don't see them struggle and people only think of profiting which is right. And when they go to the actuality of it, the problem goes by that they're having problems of accepting the behavior of the market on how hard it is and it's unlikely to survive if you come unprepared.

Some of the spirit of a trader or invest is "I can make it mindset, resilience...
These are the traders or investors that have a long term goal on what they have entered. They know that this is a game that's not for the less patient people but it's for the people that have understood that it's going to be a long game for them. Resiliency is also one thing that shall developed for most because it doesn't come by easy when you trade. It does comes naturally and gets along with your goal of how long you would like to stay on this market.


Title: Re: What you need to know about trading
Post by: o48o on November 22, 2023, 09:54:06 PM
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.
Most people? Really? I haven't heard anyone claiming that. I am not sure where you encounter these people. I even tried to see if i find anything like that from the internet by googling "trading is easy" and all i  got was articles claiming that trading is hard work. But if you have heard someone, influencer, or anyone saying that, unsubscribe and don't listen. You have probably been part of some weird echo chamber and need to revisit everything else you have heard.

There are way more ex poor traders than there are successful ones, because trading, especially day trading is hard. High frequency trading is done by bots so fast that no normie would have an access to that kind of tech. It's a game of probability, patience, math and luck. It's time consuming and so stressfull that i can't put a figure what would compensate the work.

Maybe some people are build to take that kind of stress, and sleepless nights. But i don't think many relationships survive that kind of need to be able to act fast and trade at all times. So i really don't know where you heard about this sunshine, but either you were lied to or they don't know anything.

Just hodl and you can have a satifying life while doing it.


Title: Re: What you need to know about trading
Post by: Stepstowealth on November 22, 2023, 10:09:34 PM
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. 
Some of these impatient traders are traders who have recorded success in demo trading, and so because of their easy success in demo trading become over confident in their skills instead of cautious having the knowledge that in trading you can be successful in demo trade but loose all your money when you hurry to start trading the live market. Their hurry hurry leads them to loosing money. Also if you want to learn to trade on your own, be ready to make losses, because you will make more looses than someone who is learning under a teacher.


Title: Re: What you need to know about trading
Post by: jeraldskie11 on November 22, 2023, 10:21:56 PM
In our time today nothing is easy. Trouble began in the time of our first parents. Because we are not perfect, it will not be easy for us to do something. Trading is the same today, the newbies in trading believe that it is easy, but when they get into trading, the funds run out. In trading, you should not be overconfident because it is possible that this will be one of the reasons why you will suffer subsequent losses. No matter how profitable you are, your mind must be in a stable state before you execute a trade. Another reason for running out of funds in trading is that there is no risk management, this is really important because no matter how effective your strategy is, it is still useless without it.


Title: Re: What you need to know about trading
Post by: oktana on November 22, 2023, 10:44:18 PM
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...
The most important part when you want to learn something new is knowing that you will seem like a fool. I am not saying that we should intentionally make mistakes but when we do, we should take it easy on ourselves and understand that it is part of the things that forge/mold our experience. As a trader, you will have losses (even professionals have losses, let alone someone at a beginner level), but all of that counts. What matters is how you react to those losses; how do you balance the losses and make enough to cover up for your mistake? Determination is important in trading because it will help you achieve more. If you're someone who runs away the second it doesn't go their way then do not even bother.


Title: Re: What you need to know about trading
Post by: Nwada001 on November 22, 2023, 11:00:57 PM
No one is ever going to lose money and will not feel the pain. Even when the money might look little to you, most times it still hurts to lose that little amount.
 
And yes, trading is about making profit, and one time we also incur some losses, and I don't see those losses as what you call testing, who is testing, who is allowing them to lose in trade, which in turn is also equal to losing money.
 
What I see about losing in trade is about the choice we make, and when you make the wrong decision, the result will tell, and when such things happen, the best thing you can do is learn from that mistake and improve next time.
 
Anyone who wants to go into trading fully will definitely understand that it's not every time that trade will be in their favour; sometimes we experience loss and most times we make some profit. That's how it goes, and it has been like that. No one can predict the market perfectly all the time without making some errors.


Title: Re: What you need to know about trading
Post by: Zlantann on November 22, 2023, 11:57:01 PM
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...

Patience is a virtue that is important in any business, not just in trading or investing in the Bitcoin ecosystem. Many people lose money because they are not patient enough to learn about the business they want to invest in. Trading is a complex and dynamic sector of the crypto industry, this entails that traders will have to spend time to learn about the rudiments of the sector. Impatient people cannot invest in Bitcoin because sometimes takes more than your predicted time to make a profit. Most people had to sell off their coins even at a loss because of impatience.
Bitcoin investment is not a get-rich-quick scheme and it's not also a Ponzi scheme so there is a need to have a long-term investment mentality. Many people have lost money in the sector due to carelessness, ignorance, or scams but it didn't stop them from investing again. This is why every investor needs to be dogged and persistent. Every successful investor has failed before but they put themselves together and kept trying.


Title: Re: What you need to know about trading
Post by: hd49728 on November 23, 2023, 02:18:14 AM
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
What a trader does not have for their trading career is they have to think of loss, risk of getting loss before thinking of getting profit.

Protect their capital first before thinking of profit. Without a good risk management to protect their initial capital, they will gain nothing in trading career that is risky enough to destroy their capital.

They have to learn two basic order types that are helpful to protect their capital by reducing loss: stop loss, stop limit orders.
One of best weapons in trading: Stop loss order (https://bitcointalk.org/index.php?topic=5173189.0)
Stop limit order (https://academy.binance.com/en/articles/what-is-a-stop-limit-order)


Title: Re: What you need to know about trading
Post by: GreatArkansas on November 23, 2023, 02:48:03 AM
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
What a trader does not have for their trading career is they have to think of loss, risk of getting loss before thinking of getting profit.
(....)
This is the most common experience for all the traders especially when they are just starting, like newbies.
They didn't know how stressful trading was and how unpredictable/volatile. That's why when you do trade, you need to continuously learn and have proper risk management.


Title: Re: What you need to know about trading
Post by: Poker Player on November 23, 2023, 03:03:41 AM
Here is what you need to know about trading:

Don't trade.

This is the most useful tip for 99% of the people. I have explained ad nauseam that the percentage of traders is so low, tending to 0 as it is more frequent (intraday) and you add leverage, that the amount of time and effort you need to make money on top of gambling your capital does not pay off for the common mortal. But people are still determined to waste their time, money and effort, apart from giving advice.


Title: Re: What you need to know about trading
Post by: laurenB7742 on November 23, 2023, 03:37:58 AM
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
What a trader does not have for their trading career is they have to think of loss, risk of getting loss before thinking of getting profit.
(....)
This is the most common experience for all the traders especially when they are just starting, like newbies.
They didn't know how stressful trading was and how unpredictable/volatile. That's why when you do trade, you need to continuously learn and have proper risk management.

Like I told those new to trading, don't rush to expect profits, the first thing they should think about is being mentally prepared to accept losses. No one is talented enough to make a profit when they start trading, the traders who are making profits in the market also need to go through a lot of losses to get where they are today. Therefore, as a newbie, if you cannot accept losses or losses, they should not participate in trading. For me, the first and most important lesson in trading is to accept losses.


Title: Re: What you need to know about trading
Post by: Fuso.hp on November 23, 2023, 03:59:43 AM
In our time today nothing is easy. Trouble began in the time of our first parents. Because we are not perfect, it will not be easy for us to do something. Trading is the same today, the newbies in trading believe that it is easy, but when they get into trading, the funds run out. In trading, you should not be overconfident because it is possible that this will be one of the reasons why you will suffer subsequent losses. No matter how profitable you are, your mind must be in a stable state before you execute a trade. Another reason for running out of funds in trading is that there is no risk management, this is really important because no matter how effective your strategy is, it is still useless without it.
It is good to have confidence in every task but not to be overconfident in any task. Just as confidence helps you do your job right and focus on the task at hand, overconfidence does the opposite. Trading is easy for newbies because newbies consider trading very easy but those who have been involved in trading for a long time know how easy or how difficult trading is. Trading is easy for beginners because they don't have to worry much about the market, they just buy any coin with any amount and hope to make a profit, but the market doesn't change as they expect. A new member regrets his trading when he realizes that his trading was wrong after trading. Trading seems easy to beginners in the beginning but at first they understand how they should trade by losing money.


Title: Re: What you need to know about trading
Post by: bitterguy28 on November 23, 2023, 04:20:22 AM
Here is what you need to know about trading:

Don't trade.

This is the most useful tip for 99% of the people. I have explained ad nauseam that the percentage of traders is so low, tending to 0 as it is more frequent (intraday) and you add leverage, that the amount of time and effort you need to make money on top of gambling your capital does not pay off for the common mortal. But people are still determined to waste their time, money and effort, apart from giving advice.
In this that I agree most , most of people think that they can make more money in trading but they did not pay attention to how much money they could lose if not knowing the all sides of trading because this is not that easy as we think .
there are plenty of people I knew from the past that learn this lesson after losing big amount as they ventured in this market with sole purpose, and that is to earn and not to learn.
they only seek for profit but not willing to risk so what comes end? they are all losers and now hates crypto in general .
What a trader does not have for their trading career is they have to think of loss, risk of getting loss before thinking of getting profit.
(....)
This is the most common experience for all the traders especially when they are just starting, like newbies.
They didn't know how stressful trading was and how unpredictable/volatile. That's why when you do trade, you need to continuously learn and have proper risk management.

Learn and Earn , those are partners so if you are willing to earn then you must learn first not only the proper risk management but also the whole market flow and future.


Title: Re: What you need to know about trading
Post by: Bitcoin_people on November 23, 2023, 04:26:51 AM
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...
Every job has tough times that take a long time to overcome and wait for something great to show up at the last minute. However, among the most difficult problems facing people today, the financial problem is the most important and problematic one where they are unable to achieve success due to poverty. In business we need to know all these things that positive thinking is not always possible but negative thinking is also very necessary not always profit sometimes loss is faced. When we invest in crypto market we often face huge losses due to market volatility but if we are not patient then we can never survive in the market. To survive in the market one must be patient and not be volatile when the market is going down. For a businessman to be successful, he must endure various problems with sufficient amount of stress and sometimes he can succeed at the last moment.


Title: Re: What you need to know about trading
Post by: Essential10 on November 23, 2023, 04:43:02 AM
Those of us who want to earn fast money get inspired by various social media and engage in such trading activities. Success stories come up all the time. We hear stories all the time of people who have succeeded in trading. But we don't hear the stories of those who failed and lost the most. Many people have the misconception that trading is a quick and easy way to make money. The biggest mistake that new traders make. They may have initial success but this often leads to reckless decision making and ultimately losses. Many new traders regret their initial trades and mistakes. What we do should be understood first about the future.


Title: Re: What you need to know about trading
Post by: Zigabel on November 23, 2023, 07:13:25 AM
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...
When it comes to cryptocurrency, with newbies, trading is not a safe space to explore.it will be safer and better if you will be able to just HODL just like an investor would, the longer you stay cryptocurrency the better you will understand it and sooner you will get to understand between trading and HODLING which best fits your preference but then as a newbie Avoid trading.


Title: Re: What you need to know about trading
Post by: Blitzboy on November 23, 2023, 07:49:55 AM
Trading is, in indeed, a tough field with no one-size-fits-all strategy. You're right; its not just sunshine and roses. The sea is rough, and each sailor finds their way around it in their own way. Traders often believe they will always be successful and dont think about the fact that they will lose money. They enjoy wins but fall apart when they lose. Why? Its a mental game; resilience is key, yet so hard to achieve. Losses arent punishments from God; they're tests that push us to grow.

Every trader's rule book is unique. Your strategy might be another's downfall. Personal tuning is what its all about, right? The problem here isnt the loss itself, but how people see it. The smart people in these seas dont try to avoid storms; instead, they learn how to sail better through them. When trading, one's own expectations are often their biggest enemy. The key is to find a balance between hope and truth, between ambition and humility.


Title: Re: What you need to know about trading
Post by: southerngentuk on November 23, 2023, 08:36:47 AM
People get into trading because they want to make money. That's a reasonable and understandable goal. Who doesn't want more money in their pocket? However, trading is not an easy game. The financial market is a complex and volatile place, and there are many factors that can influence the price of assets.

Many people get into trading because they have heard about others who have been successful. They see these people making a lot of money and they think they can do the same thing. However, they do not see the hardships these people have gone through. They don't see the times they lost money and the times they struggled to make money.


Title: Re: What you need to know about trading
Post by: KiaKia on November 23, 2023, 10:54:01 AM
Trading is for the patience only, because..

1. You need to study price patterns and trends, aka Technical analysis.

2. Understand yourself and choose what type of trader you want to become, some prefer the long term trading, while most want the short term.

3. Practice and practice over again, never get tired of practicing, because this is what will make you a better trader.

4. Find good trading course to join, they can provide you better knowledge about trading.

Also do not forget to risk only what you can afford to lose, trading is one of the most risky play in crypto and stock investment, not recommendable if you aren't ready to learn over and over again or you win keep losing your trades.


Title: Re: What you need to know about trading
Post by: Sim_card on November 23, 2023, 11:25:29 AM
OP, this topic fits in the trading board and it will be good if you move it there.
One thing that I notice is that people think that trading is easy and they jump into trading because the need quick profit with little or no knowledge on trading. They get disappointed because they were in the market to gamble. I see someone that does not understand trading and goes into trading as a gambler, and this will make him run at loss because gambling depends on luck. Trading is very complex and needs enough time to understand the strategy that you can use to make profit from the market. To stay healthy, only trade with the amount of money that you can afford to lose, and don't trade when you cannot control your emotion.


Title: Re: What you need to know about trading
Post by: atamism on November 23, 2023, 11:51:14 AM
If you really into trading you should have a lot of patience and understanding. Trading is not for the soft hearted and for the people who panic. Trading is not easy as what you see, you need to study the chart and how the market works. Also, our analytical skills is one of the most needed here. To more analyze the charts so you will not lose. If you feel you are born for trading then go for it. Some people trade then if they failed they switch to gambling. So you really need a lot of patience and be prepared financially and mentally.


Title: Re: What you need to know about trading
Post by: Aanuoluwatofunmi on November 23, 2023, 12:02:18 PM
Snipped

If you're a newbie in trading, know this facts about it that whenever you're trading, you're taking your chances on risk and trying to make profits as well with your trading investment, so it's either way round that you win or you loose, trading brings in profitable investment from ones bitcoin or crypto portfolio, but it may require a certain level of knowledge and understanding to have a perfect delivery of all trading expectations for the best performance in trading.


Title: Re: What you need to know about trading
Post by: fuguebtc on November 23, 2023, 12:16:24 PM
OP, this topic fits in the trading board and it will be good if you move it there.
One thing that I notice is that people think that trading is easy and they jump into trading because the need quick profit with little or no knowledge on trading. They get disappointed because they were in the market to gamble. I see someone that does not understand trading and goes into trading as a gambler, and this will make him run at loss because gambling depends on luck. Trading is very complex and needs enough time to understand the strategy that you can use to make profit from the market. To stay healthy, only trade with the amount of money that you can afford to lose, and don't trade when you cannot control your emotion.

You are right, trading without knowledge is like gambling and people with the mindset of making easy money from trading are mostly newbies , they have never known anything about what trading is, even trading stock or foreign exchange. But  many people advise newbies to stay away from trading, is that correct? In my opinion , I will not discourage them from participating in trading but I will advise them to use the minimum amount for experience to get a real feel . Because most newbies will be very stubborn , they will never listen to someone's advice . So let them experience it for themselves, they will know what they need to do in this market .


Title: Re: What you need to know about trading
Post by: EarnOnVictor on November 23, 2023, 12:20:32 PM
-snip-
Some of the spirit of a trader or invest is "I can make it mindset, resilience...
And this is not a bad mindset, there is nowhere you would hear that resilience is a bad characteristic either. The plain truth is that trading is sweet but you must experience so many journeys before it would really be sweet for you, and by being sweet, I mean it's easy and will consistently be earning for the trader. Yet, a thorough and foolproof trading experience is needed to get to that level, trading is not what you just dabble upon, you have to think like a trader and also act like one in the ability of not giving up but rather continue to find the so-called "secret" behind it. Mind you, there is no secret in trading, everything is well-known and depends on how you've learned and how creatively you use what you learned, but nevertheless, called it secret in a figurative way so as to know the beauty of trading when you eventually reach there. That's how people would believe also that you own the secret, but in practice, it's about training and they might even know more than what you know, only that you use it better than them. So is that a secret? I say No, it's an effort and wisdom.

As an experienced trader, for the journey of learning and training to be short, I strongly advise that traders should focus on;
1. Trading strategy,
2. Trading Management,
3. Trading psychology, and
4. Plan (coordination of what you know).

Knowing all these, I would like the person to ensure at least two trading strategies, of which one must be a trend trading strategy, while the other is a support and resistance strategy. I recommend Trendline for the latter. If done, now focus so well on 2&3 without letting style-drift affect you the way it wastes the time of others as 2&3 holds the true success of traders. But that is after they are sure of 1.


Title: Re: What you need to know about trading
Post by: gabbie2010 on November 23, 2023, 01:28:11 PM
People get into trading because they want to make money. That's a reasonable and understandable goal. Who doesn't want more money in their pocket? However, trading is not an easy game. The financial market is a complex and volatile place, and there are many factors that can influence the price of assets.

Many people get into trading because they have heard about others who have been successful. They see these people making a lot of money and they think they can do the same thing. However, they do not see the hardships these people have gone through. They don't see the times they lost money and the times they struggled to make money.
Those people never knew that those successful traders had paid their dues before reaching the top ladder they had made a lot of sacrifices and failed on several occasions, faces many challenges of complexity of the market consequently incurred losses in trades yet they persevere and continue to learn, gathered and gained more experience in trading thereafter their efforts yielded positive results, unfortunately many new traders who wanted to follow those paths never wanted to learn and sacrifice their time and efforts but wanted to start earning quick profit that is why 95% failed.


Title: Re: What you need to know about trading
Post by: kryptqnick on November 23, 2023, 02:28:16 PM
Trading is not for everyone. Believing that a person just needs to persevere and push through the losses may lead to even more losses. If a person realizes that trading is too risky for them and that they aren't doing great, it's okay to quit and cut losses, to focus on something else. Patience is important, sure, and realizing that there will be losses is important as well, but I don't believe that always staying put and ignoring the losses is the right approach. Sometimes it might be too late to win the money over, and sometimes waiting longer can result in even higher losses.


Title: Re: What you need to know about trading
Post by: fauzan Ichsan on November 23, 2023, 03:01:55 PM
People get into trading because they want to make money. That's a reasonable and understandable goal. Who doesn't want more money in their pocket? However, trading is not an easy game. The financial market is a complex and volatile place, and there are many factors that can influence the price of assets.

Many people get into trading because they have heard about others who have been successful. They see these people making a lot of money and they think they can do the same thing. However, they do not see the hardships these people have gone through. They don't see the times they lost money and the times they struggled to make money.
Those people never knew that those successful traders had paid their dues before reaching the top ladder they had made a lot of sacrifices and failed on several occasions, faces many challenges of complexity of the market consequently incurred losses in trades yet they persevere and continue to learn, gathered and gained more experience in trading thereafter their efforts yielded positive results, unfortunately many new traders who wanted to follow those paths never wanted to learn and sacrifice their time and efforts but wanted to start earning quick profit that is why 95% failed.
Indeed, the main thing needed is a strong mentality in learning to trade, so that every failure must be evaluated so that the future will be better, therefore experience is very important in trading, many of us get discouraged in the middle of the road, so we fail. The market moves erratically and has a certain character in each condition, so we need to understand it, therefore a process is needed in learning trading


Title: Re: What you need to know about trading
Post by: traderethereum on November 23, 2023, 03:02:11 PM
Wise traders and investors will always know when they can trade and buy so they will not do so when the market is volatile. They better wait until things calm down before they analyze further to find more clues.
They will not act in a hurry, especially to follow a rising market, if they do not have any preparation.
Experiencing losses is something that all traders and investors experience but they know how to avoid big losses. They will always learn more about trading analysis than other people.
If they don't have any analysis, they won't force themselves to enter the market because it could pose a risk for them.


Title: Re: What you need to know about trading
Post by: syedakhlaque on November 23, 2023, 04:49:22 PM
It is fact that trading is a difficult task and it is not easy to earn through trading. It requires study, courage, patience and experience. A person Who is habitual ,living in dreams will not be successful in this business. But it needs a bold dicision maker and trading mind set. A person who has good experience working in stock market is also successful here because he is aware about ups and down of market ,how to study graph, history of the  company ,its credibility and its index etc. To make right decision at right time is very important in all business so same is there is crypto currency.


Title: Re: What you need to know about trading
Post by: Youngkhngdiddy on November 23, 2023, 04:54:34 PM
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...
 Do your own research, before making any trade, it's essential to conduct thorough research on the cryptocurrency, its underlying technology, and the overall market conditions. This will help to identify potential opportunities and risks. Develop a trading strategy, having a well-defined trading strategy can help to minimize losses by providing a clear set of rules for entering and exiting trades. A trader should also define their risk management strategy and stick to it. Being emotional. The best trader is the trader without any emotions, that is not phased by a 200% increase or a 70% dip and just takes profits or rebuys more.
  Understand diversity. You need to have a portfolio mentality of building many smaller investments into a portfolio so that the failures in one investment are made up by successes in another. You can not predict the future or time the market. You might be able to see trends, but the number of ways that the future can shift around are varied and numerous. So when things get weird, and they always get weird, then diversity is the thing that saves you.


Title: Re: What you need to know about trading
Post by: Lorence.xD on November 23, 2023, 05:12:50 PM
People get into trading because they want to make money. That's a reasonable and understandable goal. Who doesn't want more money in their pocket? However, trading is not an easy game. The financial market is a complex and volatile place, and there are many factors that can influence the price of assets.

Many people get into trading because they have heard about others who have been successful. They see these people making a lot of money and they think they can do the same thing. However, they do not see the hardships these people have gone through. They don't see the times they lost money and the times they struggled to make money.
Those people never knew that those successful traders had paid their dues before reaching the top ladder they had made a lot of sacrifices and failed on several occasions, faces many challenges of complexity of the market consequently incurred losses in trades yet they persevere and continue to learn, gathered and gained more experience in trading thereafter their efforts yielded positive results, unfortunately many new traders who wanted to follow those paths never wanted to learn and sacrifice their time and efforts but wanted to start earning quick profit that is why 95% failed.

Indeed, those people especially those who started from nothing obviously experienced a lot of challenges in the trading industry such as losing money, affecting their mental health and physical health, etc. Some people could have options to decide is it either to continue as they learn from their mistake or give up as you lose money. Starting in trading could be a win-win situation cause if you lose, you will learn as part of your development and if you profit, for sure you find your own technique and skills. I would like to add that not all successful traders literally experience some kind of sacrifice as they are already born rich, like trading is just one way for them to invest money. Surely they would experience some losses but it would be a different story to some people who literally started from nothing.


Title: Re: What you need to know about trading
Post by: cafter on November 23, 2023, 06:50:03 PM
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...
that's why 90% of the traders fail. trading is not easy as it seems from the outside world and what influencer teach us like buy at support and sell at resistance. if it was that easy then they should been became a millionaire not some teacher who teaches to draw lines on charts.
also 70% work in trading is controlling emotions when losing or winning. losses and wins are part of this game people take more risk after a small loss and eventually make that small loss a lot bigger.



Title: Re: What you need to know about trading
Post by: mirakal on November 23, 2023, 08:15:52 PM
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...
Life could sometimes be unfair. Even with trading and investing, we don't get to make consistent profits but most of us only lose our capital especially if we trade or invest without prior knowledge and experience on the market. But I think that's how trading works in reality. We lose so we can learn its lessons and becomes more motivated to develop useful skills and strategies that will improve our performance in trading.

However, if you see those losses in trading as a sign to quit and move forward, then you are wrong in there. Everyone started from a scratch and you will only be successful in trading if you trade harder and continue to enhance what you need to improve and develop.


Title: Re: What you need to know about trading
Post by: Sanitough on November 23, 2023, 08:59:02 PM
I think this topic should be posted in the Trading section. You might consider moving it there so it can be discussed properly.

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...
Yes positive affirmation is a good habit that every trader must inculcate in their daily exercise because it has it's way of impacting on how we make trading decisions. Trading success does not come by chance, it is a deliberate process that involves both technical and psychological preparedness.  First step is to believe that success is possible and achievable.


Trading is not just a battle of skills but emotions as well. So if you trade and you lose after, that does not mean that you should lose your faith and decide to quit. You will never be a successful trader with that kind of mindset, but instead learn to stay strong and positive, trading is not just all about losses but profits as well but we need to work harder for it to make it happen. We need to build stable emotions as well so that whenever we experience the hard days in trading, we will chose to move on and trade harder.

Success in trading is not achieved instantly. Sometimes, you need to dwell with your losses first because the lessons you will learn from it will serve as your back up when you face bigger challenges with your future trades.


Title: Re: What you need to know about trading
Post by: Abu-Naim on November 23, 2023, 09:33:04 PM
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.
Traders and investors who think only of the positive side of bitcoin or any other investment entirely are new to the market, because if a trader or investor has been there for a long time, they weren’t supposed to worry about how the market turns out, and before entering the market, they were told that the crypto market is volatile.

However, for the investors or traders panicking about the market, they should find themselves to blame because in any risk you want to take, whether trading or investment, invest what you can afford to lose, so if they do invest the amount they can afford to lose, they won’t panic; they will endure any movement of the market and leave the funds there. till it reaches there target.


Title: Re: What you need to know about trading
Post by: Viscore on November 23, 2023, 09:41:06 PM
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...
This is the reason why we don't need to jump into any conclusion or just decide to trade in wish for bigger profits, if you do that, you will only fail in the middle of your trades. Having your own due diligence to research is a must, not only on the fundamentals and technicalities in trading but also on the experiences made by long time traders. Learning from their experiences will help us motivate ourselves to be great traders as well. And by doing so, we become aware that trading is hard, and quitting is never an option in trading.

There might be inevitable losses in trading but if we can do things to prevent from losing, then it will be a lot better. Trading losses are never bad because somehow you learned from them, but consistent losses and frequent mistakes in trading are never good and healthy at all. You need to find solutions to it.


Title: Re: What you need to know about trading
Post by: Kelvinid on November 23, 2023, 09:52:11 PM
That is the reality in trading but there is nothing wrong with thinking positively despite the struggling situation of the market and losses as we can't change the nature of trading. Losses seem normal and I was certain that every trader knew it before they started. That is why every trader must know how to control their emotions, every trader must know how to accept reality and think what they can do to avoid big losses. Perhaps, it was a given scenario already and the only thing we can do is to deal with it in the right way.


Title: Re: What you need to know about trading
Post by: Rengga Jati on November 23, 2023, 09:59:20 PM
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...
That's the reality. And regarding trading, this is not an easy thing to do with high hopes that it can make us successful more quickly. Trading is quite a risky thing. You could say trading is possible for everyone, but not everyone is able to do it. For this reason, when we decide to enter the world of crypto trading, we must first prepare several things very carefully and be truly ready.

Readiness in trading is not only about the readiness of our money but also mental and emotional readiness, insight and knowledge readiness, and our readiness to make various decisions correctly and wisely. This is not easy for sure, but it is not impossible. We have seen many people succeed because of trading, but on the other hand we have also seen many people become poor and very devastated because of trading. So, what kind of example we will choose, this will definitely be a different process from what we think.


Title: Re: What you need to know about trading
Post by: JunaidAzizi on November 24, 2023, 04:13:38 PM
That is the reality in trading but there is nothing wrong with thinking positively despite the struggling situation of the market and losses as we can't change the nature of trading. Losses seem normal and I was certain that every trader knew it before they started. That is why every trader must know how to control their emotions, every trader must know how to accept reality and think what they can do to avoid big losses. Perhaps, it was a given scenario already and the only thing we can do is to deal with it in the right way.
Brother, I agree with you in the last lines because that is very true but In your first line I have some points that will not match with my thoughts yes every person has their perspective but the thing you said is incorrect. let me tell you how we know trading is risky and the market is very volatile we can not predict what will happen next so in this situation if a beginner comes to this field and we can only tell him about the positive side of crypto, he may be misguidance because he may be gain some lost due to positive points we taught him and in through that context, he comes to the market over confidently and gains loss. So getting loss, it is good to tell him about the positive side as well as the negative side so that he will take his every step very carefully and the chances of loss will be minimal.


Title: Re: What you need to know about trading
Post by: jeha2015 on November 24, 2023, 04:39:42 PM
That is the reality in trading but there is nothing wrong with thinking positively despite the struggling situation of the market and losses as we can't change the nature of trading. Losses seem normal and I was certain that every trader knew it before they started. That is why every trader must know how to control their emotions, every trader must know how to accept reality and think what they can do to avoid big losses. Perhaps, it was a given scenario already and the only thing we can do is to deal with it in the right way.

Losses in trading may seem normal, but if I repeat the same thing I think it is not normal. So to avoid losses we need to understand the market situation and learn from experience regarding market analysis so that the same mistakes do not happen again.

For me, every trader before trading, the main thing that must be considered is to continue learning, and need to control emotions when the market situation is not good so that we get caught in market panic which is usually only temporary apart from that. . Because the success achieved through shortcuts will only be felt in a short time. that's the point!! and enjoy the process.


Title: Re: What you need to know about trading
Post by: Finestream on November 24, 2023, 05:17:42 PM
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...
Those people who think trading is just easy and creates quick profits, well they are learning trading the wrong way. Obviously, they won't be good traders in the market as they are not exposed in the realities and toughness of trading. Otherwise, they will end up trading like gambling, which means they trade and lose most often, since they are not knowledgeable and even skillful about trading and they don't even know how to make it work and be profitable.

Trading has its positive factors, as well as negative factors. But if you are not willing to combat the risks and stay impatient on waiting for the positive outcome in trading, then you're not actually destined to be a good and profitable trader in the process.


Title: Re: What you need to know about trading
Post by: MFahad on November 24, 2023, 05:52:08 PM
Like I told those new to trading, don't rush to expect profits, the first thing they should think about is being mentally prepared to accept losses. No one is talented enough to make a profit when they start trading, the traders who are making profits in the market also need to go through a lot of losses to get where they are today. Therefore, as a newbie, if you cannot accept losses or losses, they should not participate in trading. For me, the first and most important lesson in trading is to accept losses.

In trading we should accept both losses and wins because some people only wish to have wins so when they loss their money then they leave trading because they are not mentally prepared for both situations. In trading no one can be 100% and if someone think that all the time he will make money in trading then his concept is not true about trading and it means that he cannot understand trading easily.

Try to minimise those mistakes which you already made because if you cannot identify your mistake then this recapitulation can be a cause of your lower knowledge and lifetime loss. Minimum amount of money should be use at initial stage because a person is not emotionally stable at start so it will take time to know  the essential things about trading after which you can increase your budget.


Title: Re: What you need to know about trading
Post by: boty on November 25, 2023, 06:14:11 AM
Losses in trading may seem normal, but if I repeat the same thing I think it is not normal. So to avoid losses we need to understand the market situation and learn from experience regarding market analysis so that the same mistakes do not happen again.

For me, every trader before trading, the main thing that must be considered is to continue learning, and need to control emotions when the market situation is not good so that we get caught in market panic which is usually only temporary apart from that. . Because the success achieved through shortcuts will only be felt in a short time. that's the point!! and enjoy the process.
In trading, of course we have to be able to understand trading well, when we experience failure in the trading we do then we have to use that failure as a lesson for the future so we don't make the same mistakes again and we have to keep learning about trading well so we can Avoid mistakes in making decisions in trading.
You are right, it is necessary for everyone who trades to be able to control their emotions in the trading they do, because without being able to control their emotions, of course all we do is greed and mistakes in deciding on the trades we make.


Title: Re: What you need to know about trading
Post by: redsun114 on November 25, 2023, 06:28:14 AM
This is the most common experience for all the traders especially when they are just starting, like newbies.
They didn't know how stressful trading was and how unpredictable/volatile. That's why when you do trade, you need to continuously learn and have proper risk management.
Like I told those new to trading, don't rush to expect profits, the first thing they should think about is being mentally prepared to accept losses. No one is talented enough to make a profit when they start trading, the traders who are making profits in the market also need to go through a lot of losses to get where they are today. Therefore, as a newbie, if you cannot accept losses or losses, they should not participate in trading. For me, the first and most important lesson in trading is to accept losses.
If we are new, the curiosity and excitement is present. So yeah, that's a good advice for them. I thought the first or the second thing apart from not rushing, is learning but it seems I am wrong. It should be mentally prepared like you said there, as this one is much easier. I mean you are not going through a long lesson. Because I know that there is still a difficulty on controlling our minds.

There are newbie traders who can make a profit early even though they rush, and the one that is responsible for this is their luck. Still, it wasn't advisable to be like that. That is not sustainable. If we stay like that, we can also face a lot of losses but it doesn't mean we are going to be successful later on.


Title: Re: What you need to know about trading
Post by: knowngunman on November 25, 2023, 06:38:56 AM
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...

The truth is that, most of the traders know about the risk but the issue here is that human mind doesn't always tolerate negativity and whenever it happens, we feel frustrated. That's why it's very necessary to train your mind on risk tolerance before you should even think of trading. Experience loses is normal because you can not always have it right but what matter is what happen after your experience. As someone who is willing to become a successful trader, you take note of your lose experiences and think of a way to improve on yourself in order to correct the mistakes from future occurrences.

The thing is, the markets are constantly changing and there is always something new to learn from the experience. Even the most experienced traders make mistakes but they use those mistakes as learning opportunities to improve their skills. The key is to learn from your mistakes and not to give up because learning from mistakes is part of the process of becoming a successful trader.


Title: Re: What you need to know about trading
Post by: bettercrypto on November 25, 2023, 06:41:08 AM
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...

What I will say is that it has been mentioned several times in this forum, to be honest, but you still need to know if you are a classified investor—long-term or short-term? If you are the type of investor who, after investing, has nothing to do but wait, I think what others think is a lazy job like trading bots or copy trading suits you.

That's why the risk is a bit high because if you don't have an idea about these tools of profit here in crypto, you'll have a hard time getting income here, but if you're a long-term investor, it's okay for you to choose to invest and just hold it, and you should know how many years you will spend before you sell it. And while you are waiting for that, you should also study crypto trading.


Title: Re: What you need to know about trading
Post by: michellee on November 25, 2023, 09:55:43 AM
Patient traders and investors are willing to learn more about trading. They don't want to give up before they can trade better. But most traders and investors cannot wait patiently for their trades and investments. They will panic when they find out the market has changed direction, even though it is only a small correction that usually occurs.

They were not prepared for what they faced. For this reason, if you want to be able to trade, you must continue to learn about trading. And if they experience losses in the learning process, they will not give up but will continue to learn. And they want to learn from their previous experiences so they can find out what they did wrong.

But if you can't or don't learn about trading, you don't need to trade. Nobody forces you to become a trader. You make the choice and you have to know how to be a good trader. Keep learning about trading and don't give up if you don't succeed. Achieving success in trading is just a matter of time, so be patient while you learn more.


Title: Re: What you need to know about trading
Post by: synchronym on November 25, 2023, 10:06:39 AM
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...
If you think of losing before you start trading then you cannot trade. Because when we trade, we must accept that the trade is somewhat risky, so I have to trade carefully. If we don't work hard and just sit and dream and leave it to fate, we will never succeed in life. So I think before trading in anything we must take ricks or else we won't be successful in anything.


Title: Re: What you need to know about trading
Post by: Baki202 on November 25, 2023, 10:33:11 AM
Patient traders and investors are willing to learn more about trading. They don't want to give up before they can trade better. But most traders and investors cannot wait patiently for their trades and investments. They will panic when they find out the market has changed direction, even though it is only a small correction that usually occurs.

They were not prepared for what they faced. For this reason, if you want to be able to trade, you must continue to learn about trading. And if they experience losses in the learning process, they will not give up but will continue to learn. And they want to learn from their previous experiences so they can find out what they did wrong.

But if you can't or don't learn about trading, you don't need to trade. Nobody forces you to become a trader. You make the choice and you have to know how to be a good trader. Keep learning about trading and don't give up if you don't succeed. Achieving success in trading is just a matter of time, so be patient while you learn more.
if you want to enjoy trading it will be very much okay if you learn more about trading, learning is the key to so many things you can do anything if you don't have knowledge then whatever you trying to do you won't do well imagine your a mechanic without knowledge trying to fix a car is that even possible, that shows the importance of knowledge and once their is understanding in trading then the investor don't have anything to fear and everyone knows that patience is important.

it is just like you want to learn to keep learning in trading and when you get to that professional level then it will be time for you to start making money, the best thing is not to give up we should keep trying our best and we going to make our profit.


Title: Re: What you need to know about trading
Post by: batang_bitcoin on November 25, 2023, 10:54:02 AM
it is just like you want to learn to keep learning in trading and when you get to that professional level then it will be time for you to start making money,
Me, I don't need to go to that point of becoming professional. I'm good to trade just as the others normally and as long as I get some profit, that's what matters to me.

the best thing is not to give up we should keep trying our best and we going to make our profit.
If you can't see a point why you need to continue. It's also okay to stop and make yourself a holder instead. We've got a lot of choices to make and whatever works for us the best, you should maintain on that position and keep doing it.


Title: Re: What you need to know about trading
Post by: Rockstarguy on November 25, 2023, 11:27:56 AM
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 and investing is all about gain and loss, and it can't be possible for someone who is into this to expect gains from trading and investing. People needs to accept loses in trading but shouldn't allow lose to be a regular result.  When we lose it can be as a result of some mistakes,  this mistakes should be a lesson we need to learn from to make profit from trading and investing.

I think traders and investors needs to learn more and not to look at trading from their own understanding, people understanding trading from their own mindset have really make them to have so much expectation from trading.


Title: Re: What you need to know about trading
Post by: Negotiation on November 25, 2023, 11:33:29 AM
There are many traders who end up losing trades when they face losses so traders should always remember the importance of quality research trading. Research Ignoring the importance of research the biggest mistake most people make is that they jump in without basic knowledge of trading. There will be risk in trading many times the signals are not given correctly so it is possible to be successful if you use your own intelligence to research the market. Some traders find trading to be more profitable but it also involves some risk and sometimes losses, so it is very important to adopt a proper strategy and execute it perfectly.


Title: Re: What you need to know about trading
Post by: SmartGold01 on November 25, 2023, 12:21:10 PM
We don't expect market to be always bullish at all times because as a trader we have to be prepared based on unforeseen circumstances that may come at any time. In business we ran into lost and if we don't make profits or gain doesn't mean we won't make gain and profits, we don't have to always positioned our heart on positive sides of making profits although it's good to be optimistic while venturing in any business, business contains profits and loose.


Title: Re: What you need to know about trading
Post by: Hamza2424 on November 25, 2023, 03:26:37 PM
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...

Not sure what to express or how to express it, but I think life is beautiful, If you have enough money to meet your daily desires, you can travel along the world not saying spend a lot of money on the country to country visits, but better spend some time out fo town, explore the world around you don't consider it as a way full of hardships and arduous journey. Enjoy life and thank God for his blessings.

Don't waste time just making bucks in greed, without exploring the beauty of peace and nature around you. Don't go for more and more, work hard for food, and shelter share feelings, and spend quality time with relatives. Money is the need not the goal.

For the rest it's the usual discussion, better place/move this topic to the trading section. I want to express my side of enjoying life not as a trader to focus on risk management, gains, losses, and bla blah, we usually do it. Putting some emotions in the post si also important  :D :D


Title: Re: What you need to know about trading
Post by: Beparanf on November 25, 2023, 03:42:41 PM
We don't expect market to be always bullish at all times because as a trader we have to be prepared based on unforeseen circumstances that may come at any time. In business we ran into lost and if we don't make profits or gain doesn't mean we won't make gain and profits, we don't have to always positioned our heart on positive sides of making profits although it's good to be optimistic while venturing in any business, business contains profits and loose.

Right. Accepting losses is part of having profit because you are risking money if you want to gain more in both business and trading. The most important thing that we should consider is to know how to minimize risk so that we can take profit whenever we are not already comfortable with our loss.

In trading, Emotion is the number enemy that’s why we should create a proper risk management to our capital so that we will not enter a trade that we can’t afford the risk in case the result becomes a disadvantage for us.


Title: Re: What you need to know about trading
Post by: rozak on November 25, 2023, 04:03:58 PM
Research Ignoring the importance of research the biggest mistake most people make is that they jump in without basic knowledge of trading.
and supposedly without knowledge of the trade, they should not trade. Maybe that's what makes some people think that trading without knowledge and skills is gambling.
which is mostly done by beginners because they see there are people around them who are successful in trading. and those who are beginners are starting to get interested, not just learning first but starting trading because they have capital. his ambition is to make a profit as quickly as possible. but what they gain is loss.


Title: Re: What you need to know about trading
Post by: HajiBagi on November 25, 2023, 06:06:51 PM
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...

You made a valid point, buddy. A lot of people these days are impatient and don't think about losing money at all. I've seen a lot of people lose money because they didn't expect it to happen the way they thought. In any investment, if you don't experience any losses, you won't take it seriously enough to work harder the next time. Even in business, you will experience many losses and never understand the value of a profit. I know that everyone invests money or starts a business with the intention of making a profit, but it's also beneficial for us to understand how much our profits are worth.

I have witnessed a lot of people give up on bitcoin investing due to small losses, and I also know of a friend who is unwilling to make any more investments because he sold his bitcoin when he was having financial difficulties and did not make any money because the price of bitcoin had not increased since he bought it. This is the only reason he decided against making any more investments. In my opinion, there was no valid reason for him to stop investing in bitcoin because he did not sell his coin at a profitable time.


Title: Re: What you need to know about trading
Post by: BitcoinTurk on November 25, 2023, 06:42:50 PM
Theoretically, in order for a trader to be successful, he/she must have a good knowledge of technical analysis, capital control and risk control. Additionally, learning to set goals for each trade and being able to act in line with these goals are definitely very important factors.

Emotionally, in order for a trader to be successful, he/she must know that it is impossible to always win in the financial markets, that only the positive scenario shouldn't be considered for each transaction, that he/she shouldn't establish an emotional bond with his/her transactions and that he/she shouldn't act by succumbing to his/her emotions. Especially in cryptocurrency markets controlling one's own emotions is at least as important as knowing technical analysis because emotions generally cause more mistakes to be made in volatile markets.

Moreover, both theoretically and emotionally, a trader must not be greedy in order to be successful. A greedy trader may miss the trading levels based on technical analysis and act more emotionally due to his ambition to earn more. For this reason, one should never trade greedily, especially in volatile markets such as cryptocurrency markets.


Title: Re: What you need to know about trading
Post by: Richkiedx on November 26, 2023, 01:09:44 PM
before you get into trading you need to have an idea of ​​what you are getting into you need to be a risk taker, you are ready to lose, of course you also need knowledge in trading above all discipline most important


Title: Re: What you need to know about trading
Post by: YOSHIE on November 26, 2023, 01:51:35 PM
What you need to know about trading.
Basically, crypto trading is often carried out by traders, there are three general methods that are often seen, namely: futures, Margin, Spot, well between these three the system and method of doing it are almost the same, although there are slight differences, The point is: keep paying attention and need to know market developments, volume, price, analysis and so on, the main goal is to make a profit.

Futures trading, Margin is done specifically, you must have knowledge and strategy for these two trading methods, if you don't have the knowledge, don't do it, losses will always accompany you.

For that, what you need to do, if you have minimal knowledge of crypto trading, just do Spot trading, within a certain time, but still pay attention to developments in crypto prices.


Title: Re: What you need to know about trading
Post by: Tigerheart3026 on November 26, 2023, 05:01:17 PM
in trading if you can accept loss then it is for you, trading is very hard so it's not to be good place for everyone,
those who are mentally weak and can not control emotions they will lose always,
you need learn trade then practice in your demo account first, when you are confident about trading then start with small amount as testing purposes.

 


Title: Re: What you need to know about trading
Post by: Out of mind on November 26, 2023, 05:24:01 PM
Most people think positively about everything to decorate their lives and rarely think negatively. Similarly, by trading, a person thinks positively in the hope of making more money easily and in a short period of time. But it is seen that in most cases such plans turn negative, and at that time people fall into despair. When a new user comes to the market to invest and trade, he takes all the steps to get rich in a short period of time, but many times he cannot succeed in such steps. We know that being successful in a business field definitely requires a fair amount of hard work and skill, just like crypto trading, one also needs skill and experience. As you grow in your own skills and gain experience about trading, then starting trading will definitely have profits, not the number of losses. That's why it's important to always think negative rather than positive, so I think it's most important to get an education before you start trading.


Title: Re: What you need to know about trading
Post by: 2girls on November 26, 2023, 06:16:17 PM
Most people think positively about everything to decorate their lives and rarely think negatively. Similarly, by trading, a person thinks positively in the hope of making more money easily and in a short period of time. But it is seen that in most cases such plans turn negative, and at that time people fall into despair. When a new user comes to the market to invest and trade, he takes all the steps to get rich in a short period of time, but many times he cannot succeed in such steps. We know that being successful in a business field definitely requires a fair amount of hard work and skill, just like crypto trading, one also needs skill and experience. As you grow in your own skills and gain experience about trading, then starting trading will definitely have profits, not the number of losses. That's why it's important to always think negative rather than positive, so I think it's most important to get an education before you start trading.

Thinking often doesn't need any hard work. We can simply think of what we want in life. But the person who works for his thinking is most commonly on the next level. Because he have some dreams.

And when a person comes to trading his dreams increases and he always thinks that we would work hard for the dreams we have always. And in this way if he get a loss even that may be very small then he just forget his dreams sometimes and he turns back . Not all of them are doing this king of thing but I have seen the people who have been in a loss mostly.


Title: Re: What you need to know about trading
Post by: idarasun on November 26, 2023, 09:25:25 PM
Cut.....
you need learn trade then practice in your demo account first, when you are confident about trading then start with small amount as testing purposes.
Yes, but it's a good idea not to trade if you don't want to lose your money, because in trading you have to be ready to lose money, and be ready to face the risks that occur.
Even though trading can be learned on a demo account, in my experience it still won't be very effective, because this is just a demo account and the sensation will be different from what you feel on a real account.

Note: even if you lose money in a demo account, it will not affect your psychology, and you can reset the money in a demo account, as opposed to a real account, in a real account if you want to get your money back. you have to top up again even if you lose, you must be curious.
okay, keep in mind that if you make a profit on a real account, psychologically you will be greedy and want to increase your results and returns continuously.
So, trade if you are truly ready to accept the consequences.
#that's what I experienced.


Title: Re: What you need to know about trading
Post by: Distinctin on November 26, 2023, 09:55:14 PM
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 has its inevitable losses. You don't trade because you aim for bigger profits quickly, you will only be successful and profitable in trading through learning from your trading mistakes and losses.

Trading is not only a battle of mental and physical skills, but behavior also matters a lot. Be patient so you won't create hasty decisions, and stay positive despite of the losses you incur from your trades. While trading is hard and tough, but it can always be learned and mastered overtime. Just never quit as winners never quit.


Title: Re: What you need to know about trading
Post by: shinratensei_ on November 27, 2023, 12:56:47 AM
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.


Title: Re: What you need to know about trading
Post by: barisbilgili on November 27, 2023, 05:15:46 AM
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.
Yes, it is true that it is important for us to be able to control our emotions when trading because what we do is money from our income and if we don't do it carefully, it will be very easy to lose the money we have in the trading we do and it is also very difficult to can trade if we do not have a good understanding and control of emotions when trading.

For those who have large capital, they can easily collect more coins that they want and of course they already know well about the coins they choose, for me it is very difficult to trade, we have to really understand it well and also have to do it all the time. monitor market price movements.


Title: Re: What you need to know about trading
Post by: Uruhara on November 27, 2023, 09:14:57 AM
Trading activities seem easy when we have never entered them. And in my heart I also said that it would be easy if I entered it. But then after I entered it and I was only thinking about making a profit that's when I let my guard down and underestimated the trade which turned out to be much more difficult than I originally thought. Then I realized that I had to learn more before entering it or even while practicing it. And in the end I also traded while learning it slowly with minimal capital which was still able to keep my mentality stable. And yeah it's a long process. Because even now, sometimes I still make a lot of mistakes, especially when it comes to controlling my emotions. But with good risk management, I can avoid fatal losses. And don't be greedy when making a profit. Because after I studied trading, it turned out that the most difficult thing in trading is controlling greed and fear. Someone told me that experience would teach me a lesson in this matter. And it turns out that now I am starting to understand the meaning of these words. What is true is that mental and emotional resilience in trading will be increasingly honed after we have a lot of experience in trading itself. Our thought patterns will change over time. What initially only thought about profits has now increased by also thinking about the risks of loss and how to overcome and minimize them.


Title: Re: What you need to know about trading
Post by: boyptc on November 27, 2023, 09:55:00 AM
Impatient people are not ideal for trading.

And what they need to learn is not it's not always about the profit that's being bragged by other traders. It's because there's always a story behind the success of someone.

Those profits that they brag probably have gone through a lot of losses before claiming it.


Title: Re: What you need to know about trading
Post by: bayu7adi on November 27, 2023, 10:11:29 AM
There's a lot of negativity in this writing, even though responding to cryptocurrency trading doesn't have to mean risking everything in your life. It's just a part of the world's existence, and when it comes to trading, going all in isn't necessary. If you find yourself complaining a lot because you're always unlucky in your trading decisions, take a moment to pause and conduct a thorough evaluation. What's the main cause of your failures in trading? Is it emotions? Financial management? Expectations? Or something else?

Treating trading as something small will prevent you from getting too emotional when making decisions. It's probably better if you only complain about and reflect on the losses you experience in trading. If you don't want to feel the pain of learning, you'll suffer from ignorance in the future. Enjoy the learning phase of your trading now!


Title: Re: What you need to know about trading
Post by: eightdots on November 27, 2023, 11:17:53 AM
Patient traders and investors are willing to learn more about trading. They don't want to give up before they can trade better. But most traders and investors cannot wait patiently for their trades and investments. They will panic when they find out the market has changed direction, even though it is only a small correction that usually occurs.

They were not prepared for what they faced. For this reason, if you want to be able to trade, you must continue to learn about trading. And if they experience losses in the learning process, they will not give up but will continue to learn. And they want to learn from their previous experiences so they can find out what they did wrong.

But if you can't or don't learn about trading, you don't need to trade. Nobody forces you to become a trader. You make the choice and you have to know how to be a good trader. Keep learning about trading and don't give up if you don't succeed. Achieving success in trading is just a matter of time, so be patient while you learn more.

Patience is really important in these situations. When we are patient, we prevent panic from dominating us. At the same time, when we are patient, we do not make sudden movements and do things that are difficult to undo. In fact, patience is one of the key words for the market.

The time in the market is also very important in trading. Because even though you do the right things in trading, sometimes things do not go well due to the stagnation of the market. Even in such a situation, there is a lot to learn in trading. I agree with what you said. Giving up can prevent us from being successful. We should always try to learn and make smart moves. In some rare cases, giving up saves us from greater losses.


Title: Re: What you need to know about trading
Post by: R100K-Martin-Lunger on November 27, 2023, 11:26:50 AM
I agree completely. Trading and investing can be a challenging path, with periods of loss and setbacks that can test our resolve. However, it's important for investors to remember that these obstacles are an integral part of the learning process. Instead of giving in to discouragement when faced with losses, we can leverage these experiences to refine our strategies and emerge as more skilled traders.
So, maintain your focus, persevere through the tough times, and never lose sight of your trading objectives. That’s what I’ve done, and what most experienced traders have done. I would recommend the new investors not start investing on their own initially. Having a mentor is a big bonus especially when you’re starting out. You could find communities that offer clear evidence of successful strategies and start from there.


Title: Re: What you need to know about trading
Post by: GeorgeJohn on November 27, 2023, 12:24:55 PM

Yes positive affirmation is a good habit that every trader must inculcate in their daily exercise because it has it's way of impacting on how we make trading decisions. Trading success does not come by chance, it is a deliberate process that involves both technical and psychological preparedness.  First step is to believe that success is possible and achievable.


What I expected you to say concerning trading is that the beginning of success in trading is been determined by the observation and been acquire the rudiments of Trading before any other things, because when you don't know the rudiments of Trading and you venture into it, its obvious that you maybe venture into disadvantages of trading, so therefore a trader most know all the necessary measures to get ruined of loss and for a trader to escape losses that means it most know the negative impact of trading and positive impacts of trading.

Achieving success in a trading is something we have to know that is dependable based on the strategies we apply before trading, their is some people who doesn't know anything concerning trading but they end up losing but if you know the tactics of trading I believe that theirs nothing will make you as a trader not to make a profit, so successful trader have undergoes many training that makes the trader to overcome loses and also be able to identify when is supposed to venture into Trading at the right appropriate time.


Title: Re: What you need to know about trading
Post by: Questat on November 27, 2023, 12:56:55 PM
Impatient people are not ideal for trading.

And what they need to learn is not it's not always about the profit that's being bragged by other traders. It's because there's always a story behind the success of someone.

Those profits that they brag probably have gone through a lot of losses before claiming it.
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.


Title: Re: What you need to know about trading
Post by: GeorgeJohn on November 27, 2023, 01:42:32 PM
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.


Title: Re: What you need to know about trading
Post by: bitLeap on November 27, 2023, 01:46:09 PM
Impatient people are not ideal for trading.

And what they need to learn is not it's not always about the profit that's being bragged by other traders. It's because there's always a story behind the success of someone.

Those profits that they brag probably have gone through a lot of losses before claiming it.
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.
But in reality it is not like that, those who do trading always think of profit, even before they really understand what trading is. After they make a trade and then they experience a loss, they start to say that trading is very bad, when if we look at it it all comes from their mistakes. Trading is not as easy as it looks, even a professional still has difficulties and mistakes in analyzing market movements.

Those who are like that are people who see other people's trades, it is undeniable that now there are many influencers or content creators who make content about their profits, which is what causes many people to misunderstand trading.


Title: Re: What you need to know about trading
Post by: Awaklara on November 27, 2023, 01:56:07 PM
Impatient people are not ideal for trading.

And what they need to learn is not it's not always about the profit that's being bragged by other traders. It's because there's always a story behind the success of someone.

Those profits that they brag probably have gone through a lot of losses before claiming it.
because there are no traders who have just started trading and suddenly become very pro or lucky with their profits.
Everything is achieved of course through hard work and consistency in learning. because traders cannot continue to profit, even when they have enough experience, they also experience losses.
beginners who want to quickly profit in trading, it is better to be patient. enjoy the learning process. and of course, don't give up easily. If you are impatient, it is better not to trade.


Title: Re: What you need to know about trading
Post by: KingsDen on November 27, 2023, 04:05:24 PM
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...

I read through what you feel that everyone has to know about trading. Your post is in line and understandable.  But with respect to your post title, I feel that what you need to know about trading is that TRADING IS NOT FOR EVERYONE.

YES, you read it clear. If you lose and keep losing, quit trading and find some other things to do. Trading is more than profits and losses, it takes patience and emotion to survive in the trading market.  If you have tried trading for sometimes and no matter how careful you applied your strategy,  you still don't succeed.  Please consider to quit trading.


Title: Re: What you need to know about trading
Post by: irhact on November 27, 2023, 04:49:45 PM
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...

Every traders knows a day will come when things won't go smoothly but sometimes they forget about this when it happens due to how painful some of this losses are. The losses can be so painful because it took all or most of the profits thay have made in a very long time. When this losses always come is when we start been greedy or when we start thinking that we have become so good that the market can't win us but the market make us to regret those words.

Any individual that wants to be very successful at trading needs to know that when the days are rainy, he has to prepare for when the rains stores, by always saving. Always take profits and reserve those profit instead of using all the profits plus your capital to enter the market again. Giving up too early because of few mistakes is wrong, you have to make sure you have confirmed that trading isn't what you are going to use to make money before you quit trading finally.


Title: Re: What you need to know about trading
Post by: Litzki1990 on November 27, 2023, 04:56:14 PM
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.


Title: Re: What you need to know about trading
Post by: Dewi Aries on November 27, 2023, 05:29:14 PM
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...

I read through what you feel that everyone has to know about trading. Your post is in line and understandable.  But with respect to your post title, I feel that what you need to know about trading is that TRADING IS NOT FOR EVERYONE.

YES, you read it clear. If you lose and keep losing, quit trading and find some other things to do. Trading is more than profits and losses, it takes patience and emotion to survive in the trading market.  If you have tried trading for sometimes and no matter how careful you applied your strategy,  you still don't succeed.  Please consider to quit trading.

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.


Title: Re: What you need to know about trading
Post by: Nrcewker on November 27, 2023, 05:36:56 PM
Trading means taking risk or risking your money for profits. Now you need to be mature enough to understand that, when you take risks, there is equal probability of getting losses as well as profits. So we need to be prepared for both. Trading doesn’t mean making tons of money always. With high risk, high rewards come and along with this high chances of loss also comes. What we can do is just do the market analysis and reduce the risk and increase our chance of winning.


Title: Re: What you need to know about trading
Post by: Assface16678 on November 27, 2023, 11:56:01 PM
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...

I read through what you feel that everyone has to know about trading. Your post is in line and understandable.  But with respect to your post title, I feel that what you need to know about trading is that TRADING IS NOT FOR EVERYONE.

YES, you read it clear. If you lose and keep losing, quit trading and find some other things to do. Trading is more than profits and losses, it takes patience and emotion to survive in the trading market.  If you have tried trading for sometimes and no matter how careful you applied your strategy,  you still don't succeed.  Please consider to quit trading.
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.


Title: Re: What you need to know about trading
Post by: shinratensei_ on November 28, 2023, 12:41:59 AM
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...

I read through what you feel that everyone has to know about trading. Your post is in line and understandable.  But with respect to your post title, I feel that what you need to know about trading is that TRADING IS NOT FOR EVERYONE.

YES, you read it clear. If you lose and keep losing, quit trading and find some other things to do. Trading is more than profits and losses, it takes patience and emotion to survive in the trading market.  If you have tried trading for sometimes and no matter how careful you applied your strategy,  you still don't succeed.  Please consider to quit trading.
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.
must remember some people just don't have the aptitude and talent for trading because they are so emotionally involved in every decision, if you say that they can learn from their losses, well they certainly can, but we'll see whether they will be making profit first before they burn their entire saving or even they burn their entire saving they still not learned a thing because as I say some people are making decision based on emotion alone not thinking by logic which highly required in trading, imagine some people just getting fomo'd investing their money into a coin that has already reached peak, the future for them is losing because other people are already trying to find position to dump their investment into oblivion yet they just started to invest.
Sometime its better to stop if we kept losing and not improving, I personally have profited quite the amount of money from trading but I know that I couldn't always profit and its mentally exhausting therefore I decided to just stop trading altogether and focus on investing.


Title: Re: What you need to know about trading
Post by: kingvirtus09 on November 28, 2023, 02:52:47 AM
I feel that what you need to know about trading is that TRADING IS NOT FOR EVERYONE.

If you really believe this, yes, trading is for everyone, but not everyone is for it, because most people who enter the trading business are just looking to make a quick profit, thinking that they will easily get rich or improve their lives. from the hardships they are facing on the path.

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.


Title: Re: What you need to know about trading
Post by: puloweh555 on November 28, 2023, 04:06:28 AM
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.
Yes that's right. There are many beginners who trade but they only think about the positive side without thinking about the negative side. even though they must understand both before trading so that beginners have guidelines for trading. Usually beginners only see people who have successfully entered the world of trading who made a turning point for them financially. Even though behind it all they have gone through ups and downs in their trading journey.

This is very important for beginner traders to understand and must know. they should have a dollar amount they can afford to lose on each trade if it doesn't work out. Because they will suffer losses no matter what. Emotions do play the biggest role in trading, but that's only for beginners, there are many things you can learn from technicals, reading charts, etc. Emotions do play a big role but not as big as learning how to trade.


Title: Re: What you need to know about trading
Post by: tygeade on November 28, 2023, 05:42:59 AM
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.
That is such a terrible thing, same thing happens at gambling too, people see others win the jackpot and imagine what they could do with that much money and gamble and lose what they have too. Same at trading, surely there are plenty of people who make insane returns, but that doesn't mean that you can start today and start making a ton of money, you are going to end up losing money here and there, which is why you should avoid it if you could.

I believe that the best thing you could do regarding this situation would be just focusing on what you could do with what you have. If you are a newbie, then it is not wise to end up trying to do something regarding big profits, but trying to learn how to trade, that would be a lot better.

While learning, you could do well enough but that doesn't mean that you will be amazing, sometimes you will lose, that's normal while trading, don't be discouraged and hope that you will get better by working hard and studying.


Title: Re: What you need to know about trading
Post by: tajimas on November 28, 2023, 10:35:36 AM
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.
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.


Title: Re: What you need to know about trading
Post by: _BlackStar on November 28, 2023, 01:57:39 PM
-snip-
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.
Each trader's risk tolerance is different, so don't lump them all together. If today I feel fine when a correction makes me lose $2000 - then I can assure you that it won't be okay for some other people. Having the right psychology about trading or investing is most advisable - experience will only create a strong mentality for you and it will be formed when traders and investors understand the risks.

Trading isn't just about buying low and selling high - in fact you can make big profits on trades by buying high and selling low, especially if you trade futures. There are several types of trading that you can learn - but the most important thing to understand is how to make both fundamental and technical analysis.


Title: Re: What you need to know about trading
Post by: justdimin on November 28, 2023, 01:59:10 PM
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.
Emotion may sound simple at first, but it was actually a big thing that can affect us in almost everything that we do. So we shouldn't under-estimate if, if we still don't know its importance. IDK if what textbook you mean but a legit guide will only tell the truth about trading and this market, that it was not 100% predictable and anything can happen, whether it's about down movement, being stable, or up.

Maybe they can miss out some lessons, this is why it's important to continue searching and learning, as that can help us to improve more in trading. Those who are feeling quitting were maybe had enough already? That decision isn't wrong but if we are still starting, we shouldn't quit easily.


Title: Re: What you need to know about trading
Post by: boyptc on November 28, 2023, 10:54:58 PM
Impatient people are not ideal for trading.

And what they need to learn is not it's not always about the profit that's being bragged by other traders. It's because there's always a story behind the success of someone.

Those profits that they brag probably have gone through a lot of losses before claiming it.
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.
They will figure it out that it's not all about the profit.

But the strongest emotion, the best in analysis and the ones who are able to read the charts and fundamentals are the ones likely to make good money in trading.

And as I have said, this is not ideal for everyone. We learn to be patient as you enter trading and even by just being an investor and I think from there is already a good start.


Title: Re: What you need to know about trading
Post by: TelolettOm on November 28, 2023, 11:50:41 PM
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.
This initial mindset is what actually often makes many novice traders stressed when they experience losses in trading. because they only estimate the gains or positive aspects of trading so far, without thinking about what risks they will face. Even though trading is not something that is always positive, in fact trading contains high risks of losing money. So, once we have a mindset about trading risks, then we will learn and prepare carefully what to do for trading. When we really aren't ready, we won't rush and prefer to study and prepare first. because once again, trading is not only about making money but also the risk of losing money. So, consider it carefully before trading. .


Title: Re: What you need to know about trading
Post by: BRINIRHA on November 29, 2023, 06:22:37 AM
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.
Basic insight regarding trading must be prioritized by anyone who intends to enter trading. Especially if it is a crypto trade whose volatility level is higher than other trades. Without basic insight, a beginner will only enter trading with full imagination of easy and fast profits. And after he discovered the fact that trading was not as easy as he imagined, many of them gave up or even blamed the trading itself. Even though the fault lies with those who do not want to learn more before entering into trading. Theory is needed so that it is easier for us to read the market situation and make a mature analysis. And after practice, the theory will be strengthened by direct experience from the trading activity itself. So a trader will become more skilled the more he has experience in the market. And well those who are skilled in trading will certainly know when to enter and when to exit. Because the market situation is not always good to enter and sometimes we also have to know when is the best time to enter.


Title: Re: What you need to know about trading
Post by: tjtonmoy on November 29, 2023, 08:50:29 AM
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.


Title: Re: What you need to know about trading
Post by: Negotiation on November 29, 2023, 01:28:20 PM
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.


Title: Re: What you need to know about trading
Post by: Zanab247 on November 29, 2023, 02:08:21 PM
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.


Title: Re: What you need to know about trading
Post by: beerlover on November 29, 2023, 05:02:41 PM
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.
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.


Title: Re: What you need to know about trading
Post by: tjtonmoy on November 29, 2023, 06:04:20 PM
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.
Of course, everyone is different and has their own life. But we need to make our priority straight. We all have busy lives doing different things here and there but at the end of the day, we all think about how to bring food to the table. That's why whatever we do, we need to focus more on what can make us a better person. Running from your responsibility won't help solve anything. The more you ignore it, the more those responsibilities will haunt you in the future. Emotion control is letting yourself accept the loss. And play by the rules.

If you run from it or make yourself focus on something else, in the end, you will learn nothing. This is not gambling that you can't do anything about your losses and just leave the rest on your luck. You need to find the mistakes and face them so that you can learn from them. Don't ignore it when it comes to trading. You can divert your mind when you are on a losing streak and you are chasing your losses, but not when you are unable to control your emotions and make wrong decisions.


Title: Re: What you need to know about trading
Post by: Bushdark on November 29, 2023, 06:17:28 PM
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.
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.


Title: Re: What you need to know about trading
Post by: TakeItEasy on November 29, 2023, 07:28:44 PM
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.

Amount matter a lot in trading, whether a coin consists of a person whole portfolio it also matter and whether he slips this amount in different one also matter a lot. Those traders who have a big portfolio are at low risk of loss because when they invest in some coin then if they know they may get some loss they buy that coin at the dip and get the double profit at that point. But those who didn't have more then they can't apply this strategy.

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.


Title: Re: What you need to know about trading
Post by: taufik123 on November 30, 2023, 12:00:24 AM
-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.
Monitoring market conditions continuously will also make someone stressed.
This depends on what time frame is used to trade, so it can be adjusted and does not have to constantly monitor the market.
See how bullish or bearish market conditions can be known by trends that tend to be positive or negative.

There are actually many factors that affect market conditions.
Like FUD that came suddenly or some negative news like a while ago about CZ's resignation as CEO.


Title: Re: What you need to know about trading
Post by: AakZaki on December 01, 2023, 05:49:33 PM
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.
Holding is the best way and the least risky rather than having to trade every day. But there are some traders who have a lot of profits from trading every day, of course they are professionals and already understand how the crypto market works. However, for users who do not have enough knowledge, holding is the most appropriate way. Apart from that, doing swing trading can also provide better profits. just need to buy at the cheapest price at the lowest support and sell in the short term at the top resistance.


Title: Re: What you need to know about trading
Post by: mirakal on December 01, 2023, 10:23:49 PM
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...
If you can't accept small amount of losses while you are still a beginner in trading, then it will be hard for you to manage bigger amount of losses in the future. Losses are part of traders, so either you quit from trading or you pursue trading but with good management skills on losses, otherwise you will lost your good critical thinking on finding solutions to your losses.

What you need to know about trading is that it's never a requirement to start trading with a huge capital, you are only increasing the amount of risk that you have to surmount. Trade without doing leverage, but trade on the amount that you are comfortable to lose. Trading still never gives fixed results, so always trade with high caution.


Title: Re: What you need to know about trading
Post by: gunhell16 on December 01, 2023, 10:53:07 PM
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...

Of course, if you are a person who wants to enter the trading industry you should know what kind of traders you are first, secondly, because you want to be a trader it just means that you are an investor who will buy cryptocurrencies other than Bitcoin.

And if you enter trading, you must also have the qualities of being a patient person, willingness, self-control, self-discipline, dedicated, determined, and above all, have passion. When you have all those characters it can be said that if you can easily learn to understand what the concept of real crypto trading is, in short that will be your advantage as a newbie learner in the crypto space.


Title: Re: What you need to know about trading
Post by: Timmzzy on December 02, 2023, 04:36:55 AM
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...

 This line here
Quote
some will give up
menhn i almost did that because it was as if i dont know what am actually doing in the market anymore it was as if am a newbies meanwhile i definitely know what am doing just like what we normally say when trading has screwed with your mindset it goes like this; TRADING GO HUMBLE YOU EHH  :'( :'( because you have tried and tried its as if yourr village people is against you. Yeah there is alot to trading i most say.


Title: Re: What you need to know about trading
Post by: Cryptmuster on December 02, 2023, 08:05:49 AM
If you can't accept small amount of losses while you are still a beginner in trading, then it will be hard for you to manage bigger amount of losses in the future. Losses are part of traders, so either you quit from trading or you pursue trading but with good management skills on losses, otherwise you will lost your good critical thinking on finding solutions to your losses.

What you need to know about trading is that it's never a requirement to start trading with a huge capital, you are only increasing the amount of risk that you have to surmount. Trade without doing leverage, but trade on the amount that you are comfortable to lose. Trading still never gives fixed results, so always trade with high caution.

In this case, there is no point in increasing the trading deposit while the trader continues to lose money on small amounts, increasing the additional deposit will only lead to large losses. But if you have achieved a result in which you can make a profit, then it makes sense to try to increase your trading deposit. It is impossible to achieve a fixed result in trading, but the overall dynamics should be positive, if you end each month with a profit, then you are moving in the right direction.


Title: Re: What you need to know about trading
Post by: EarnOnVictor on December 02, 2023, 10:35:44 AM
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.
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.
There was a popular saying back then when I started trading, and it says "If you don't think, you sink." I was guilty of that when I started trading because I never "thought", I just traded and my mind was all over the money to be made. When I eventually deposited a huge amount of money in my initial tries and lost them, I then realised that it was a very wise saying that needs to caution any traders who do not believe that trading is risky and could earn money from the beginning. Trading needs a lot of preparation really, but most of those who also prepared did not prepare right, they often believe that once they know how to trade with a very good trading strategy, then they are good to go. But this is not the case in trading, you need to be able to have a plan, a good one at that. This is why learning alone is not what matters, but how practical you are in using what you have learned to create a good system for yourself.

This practical aspect is what builds the real experience into having the right plans that will eventually make you a good trader. Still, many people have the plan but lack good management and balanced psychology which makes the plan faulty. All these have to be known, corrected and perfect before true success can be achieved in trading.


Title: Re: What you need to know about trading
Post by: irhact on December 02, 2023, 11:50:08 AM
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.

The risks of the market can come at any time, it might happen as you enter the market or happen later that's why it's good we have stop loss orders in place to help reduces our exposure to the market as the volatility can make the price of any cryptocurency we buy to fall and when we don't have stop loss in place it exposure us to more demange. Any beginner that wants to trade need to know trading isn't gambling that he'll just be trying his luck.

If you don't understand the market and you enter a trade, you'll lose. Trading need training and discipline to come out successful in any trade that you open. Trading need practice and experience that's why the more you stay in the market, the higher your experience gets and you can make better decisions than new members as they're yet to understand how the market works. As a trader you have to be fully prepared for the market therefore having funds available always to open a trade.


Title: Re: What you need to know about trading
Post by: bettercrypto on December 02, 2023, 12:52:11 PM
We know that cryptocurrency trading is different here, but when you get the hang of it, you're better than a professional with a college degree. In other universities in other countries, this is a course. But here in this field, we can only study for free.

But anyway, if you study trading, you should expect things that are not good situations that we can face here. It is better not to expect good things here; it is better that as time passes, our understanding deepens in crypto trading. Although it is true that this is not an easy lesson,


Title: Re: What you need to know about trading
Post by: Bushdark on December 02, 2023, 06:33:01 PM
We know that cryptocurrency trading is different here, but when you get the hang of it, you're better than a professional with a college degree. In other universities in other countries, this is a course. But here in this field, we can only study for free.

But anyway, if you study trading, you should expect things that are not good situations that we can face here. It is better not to expect good things here; it is better that as time passes, our understanding deepens in crypto trading. Although it is true that this is not an easy lesson,
One if the things we need to know and keep our eyes on is how to be a better trader. Since there are so many traders, we need to make sure we become exceptional and act quickly when taking trades. Trading is profitable and one can also get emotional too when we are doing the wrong things and not improving to be a better traders. If we can improve our trading perspectives, this will help us to be a better trader and make money from the market.


Title: Re: What you need to know about trading
Post by: Huppercase on December 02, 2023, 08:38:03 PM
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.

Trading is actually an act that need the state of mind, knowledge and experience. The more expert you have as a trader, the more you enjoy it and the more transparent and clear things becomes because a professional trader will understand how to navigate market very easy and accurate than a newbie.

The timing also influenced trading, we tend to have more rich men during the bull mart than poor men in bear market, most of the time the market is always saturated with rich men than poor men in the bull market while during bear market, we do have plentiful of poor men trying to survive.

Quote
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...

There is nothing bad in been optimistic about the market like the Blackrock upcoming ETF, it's giving everyone a ptsd(Post-traumatic stress disorder) and everyone are already trying to get some bitcoin and hence the reason why bitcoin has been pumping gradually over the last month, seems we will see $40k as suppot soon.

However, what many them that are chasing the profit don't understand now is what to do next after the pump, the smart ones wouldn't wait to tick the global support of the previous ATH of the past bull run and some will wait for it to get there and perhaps retrace and they will not still take profits, that's the simple mentality some traders lack, they don't understand when it's time to take profit.


Title: Re: What you need to know about trading
Post by: borovichok on December 14, 2023, 09:05:27 PM
Your guitar idea is spot on! When things get intense, I usually dive into some coding. It's my escape from the market madness. Just like you with games, it helps me hit the reset button on my brain. It's funny how finding that "off" switch can be a game-changer. Also, your point about facing mistakes is gold. It's not about running away but understanding the missteps.
I've sharpen my strategy and awaits for my setup entry to get triggered by trading positions. It's not easy but it's an activity we ought to understand and ensure to allow good news flying in and out to be of great benefits to us. There are complex innovated ideas one needs to know about because the system have gone weigh complicated than we could ever imagined. Whenever I'm finding it really hot in the system, strictly I personally avoid the bear season and ensure to grab the new opportunities coming in because that's the source of me milking the system.


Title: Re: What you need to know about trading
Post by: Sanitough on December 14, 2023, 09:58:05 PM
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 will always be harder if you keep on expecting trades will end up smoothly. Obviously, that is not the nature of trading. One should experienced prior mistakes and losses because that will motivate yourself to grow as a trader and give your best to stay trading in profits. Although trading is not a bed of roses like what everyone says, but once you achieved the peak success in trading, you will always have the reason to live your life like bed of roses.


Title: Re: What you need to know about trading
Post by: o48o on December 14, 2023, 10:47:52 PM
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.
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.
I am not sure what do you mean by ignoring feelings. But in general, i don't think it's a good idea to ignore your feelings. As you can pay attention to them and use them for your advantage. If you know you feel fomo, you know what feeling you should be working against for. Same goes with fear. Sometimes it pays to be fearful in time. Because that might make you sell before the majority when dip is coming.

Ignoring feelings in worst case make you act on them and you don't even know why are you acting that way, since you are going blank, if by ignoring feelings you mean suppressing emotions.
Imho, feelings are more than ok. You just don't always want to act on them. And i say "always" because sometimes acting on them is wise, as everyone else has those same feelings and most of them act on them.


Title: Re: What you need to know about trading
Post by: ancafe on December 15, 2023, 02:54:13 AM
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...
That is the desire of everyone when involved in investment and trade and the only one sought is to benefit. But it should be understood that undergoing trade is not as easy as imagined because there are many things that need to be learned so as not to have a negative impact about losses when running it. The risk of trading is also quite large because of speaking of price fluctuations in price and if someone is unable to read the market movement of the coin will give birth to panic.

A trader must have courage but is not advised to take a quick opportunity if you do not understand how to trade correctly. Learn about trading first correctly and take small opportunities to practice trading skills to be better slowly. Because if we understand the pattern will be a little easier to face the risk of loss even if we cannot avoid overall the risks.


Title: Re: What you need to know about trading
Post by: Bushdark on December 15, 2023, 07:19:52 PM
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 will always be harder if you keep on expecting trades will end up smoothly. Obviously, that is not the nature of trading. One should experienced prior mistakes and losses because that will motivate yourself to grow as a trader and give your best to stay trading in profits. Although trading is not a bed of roses like what everyone says, but once you achieved the peak success in trading, you will always have the reason to live your life like bed of roses.
For those  that had never trade before, there is need to understand that making consistent profits from the market is not easy. There are people that would make profits today and tomorrow they will make loses. This is the second and third stage of trading and is not that people in this stage do not know how to trade or understand trading but this is the stage where traders need to work harder to become a consistent trader in the market. We all want to be making consistent profits but there is need for us to adjust and keep trading to become a better trader.


Title: Re: What you need to know about trading
Post by: Japinat on December 15, 2023, 09:48:50 PM
If you listen to those unreliable crypto influencers, you will really be convinced that trading is all about money and profits, and the more you trade, the bigger amount of profits you will earn. But in reality, everything is hard in trading. It only gets harder if you trade with zero knowledge in trading. That is why do your own diligence to study trading and build your own skills and strategies through consistent exposure in the market. Success is not achieved easily, it takes a lot of patience and persistency to win that.


Title: Re: What you need to know about trading
Post by: avarnet on December 16, 2023, 04:13:18 AM
In every trader in the crypto space there are always wins and losses, the trades we make must be accompanied by sufficient analysis to prevent losses because many investors or traders multiply their profits even though previously they had to take several risks, I myself always think positively in Crypto trading to make a profit.


Title: Re: What you need to know about trading
Post by: Baki202 on December 16, 2023, 09:01:18 PM
We know that cryptocurrency trading is different here, but when you get the hang of it, you're better than a professional with a college degree. In other universities in other countries, this is a course. But here in this field, we can only study for free.

But anyway, if you study trading, you should expect things that are not good situations that we can face here. It is better not to expect good things here; it is better that as time passes, our understanding deepens in crypto trading. Although it is true that this is not an easy lesson,
There are young boys here who are very successful at trading, and some of them even go so far as to buy Brabus and expensive cars. Some of them even buy miners and start farms. Their earnings cannot be compared to those of someone who prioritizes earning a college degree, but times are changing as technology takes over and shortens degrees some of them are as short as six months. There are more reasonable options in this life than education currently even if you want to make money you must choose one of these options since the financial system is taking a new shape.


Title: Re: What you need to know about trading
Post by: lalabotax on December 16, 2023, 09:59:23 PM
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...
The thing that you must and must know when you want to trade is that trading is not a way to make money easily and become rich easily. However, crypto trading is a very high risk aspect. Indeed, this can be profitable, but on the other hand the risks are also very high. In this case, basically, nothing is easy to do. just because we believe that we want high profits and we see other people being successful in this field, doesn't mean that we will be the same. especially if our efforts are really bad at the start.

Trading requires a combination of several important things that must be done, not just the desire to get lots of profits. but also several things that OP has informed. The unity of knowledge that must be possessed, a strong desire to learn, smart and wise emotional and financial management, and risk management that must be possessed will also influence each other. especially emotional management, we should not panic too easily when things are easy so that it might shock us. therefore we must understand and be prepared for such conditions.


Title: Re: What you need to know about trading
Post by: stadus on December 16, 2023, 10:50:38 PM
What people need to know about trading is that it can never be the same like gambling. The whole vision of trading is totally different from gambling so one should not trade without knowledge in trading because it will only end up like you are gambling. And yes, trading is not all the time a bed of roses that gives you comfortable and luxurious life, but could be the only reason that you will lose all your hard-earned money and see you end up living in streets.

But the best part in trading, if you do it with passion, patience and developed skills, trading will let you experience the best life ever as it will give you unlimited profits through skillful trading.


Title: Re: What you need to know about trading
Post by: AnonBitCoiner on December 17, 2023, 04:00:34 AM
In every trader in the crypto space there are always wins and losses, the trades we make must be accompanied by sufficient analysis to prevent losses because many investors or traders multiply their profits even though previously they had to take several risks, I myself always think positively in Crypto trading to make a profit.

Technical analysis is a good scheme to make trade but technical analysis cannot be true always therefore if sometimes you loss during trading then take it as a wisdom for you and don't appraise bad decision due to a single mistake. Forget about previous loss if you are now in win situations but if you are not able yet to get profit then there will be some faults either you would select useless tokens or you would have lack of knowledge about selling and buying schedule of coins.

Positive conception are reliable in getting success because negative conception can just make you let down therefore try to puzzle out issue and also choose Wisely to overcome chances of non fulfilment. Realize about short term and long term coins because if you hold short term coins for years then it will be insecure and your means will go to nought.


Title: Re: What you need to know about trading
Post by: R100K-Martin-Lunger on December 19, 2023, 11:27:54 AM
If you listen to those unreliable crypto influencers, you will really be convinced that trading is all about money and profits, and the more you trade, the bigger amount of profits you will earn. But in reality, everything is hard in trading. It only gets harder if you trade with zero knowledge in trading. That is why do your own diligence to study trading and build your own skills and strategies through consistent exposure in the market. Success is not achieved easily, it takes a lot of patience and persistency to win that.

Absolutely! Building your trading knowledge and skills through consistent market exposure is crucial for long-term success. The allure of quick profits peddled by influencers can be strong, sustainable returns come from smart trading, not reckless gambles.
Learning the ropes, building your own strategies, and doing your own due diligence is fundamental to succeeding. Platforms like R100K offer AI-powered strategies and provide opportunities for you to invest under our supervision, supporting your learning journey.
Never blindly follow any platform or influencer's advice. Test, experiment, and find what works best for your unique risk tolerance and goals. Invest in your own education, research different strategies, and stay informed about market trends.