Asking questions is convenient but most of us forget to do our own search since asking questions will let others do the task for us.  I am not against asking questions but we should at least do our best to search and research for answers.  It is way better to ask questions to verify if our found knowledge is a fact or a myth than asking questions and letting others do the research for us. Letting others do the task for us is plain laziness.

Sadly in this forum, many are too lazy to search for an answer and yes, the worst thing is they don't even bother reading replies. Making a fool of the person who genuinely trying to provide an answer to the person's querry.

Losing doesn't choose any type of trader, it comes to all forms and you are right that whether you're great in everything the time of losing is going to come no matter how good you are.

But the advantage with that is you know how to manage the risk and in spot, you're likely having more idea on how it goes and what timeframes you'll use to spot on good trades.

Haha, crypto trading can really sometimes feel like a game of chance, but most successful traders rely on strategy and analysis rather than just luck. It's a bit of both, I guess!

I don't believe it's possible to completely eliminate emotions when real money is involved. One way to mitigate this is by setting up a trading bot that follows predefined rules. But a trading bot that operates randomly probably won't do well in the long run.

i think he needs to check his strategy and journal his trades and check the parameters that played out when he won trades and also when he lost the trade and he should try to focus on the scenario plays that led to the wins and stick to it. you wont win all the time but it should be on a high  side than the losing.

Yes, you are right. For any investment, knowledge is very important. I invested in a lot of properties and always made a  bundle of money. In Bitcoin, I invested for many times  and always got benefit from this. Bitcoin investment is my favorite one which gave me thousands of dollars. Self research is very important for one who want to invest in any business or want to invest in business or on business. You should know market trends and you should know what is the meaning of this graph. How many are chances to boom a market? And how many chances market will and people will lose their investments. You should know when to buy and sell the stocks in gold market.

Traders are certainly battling with their own emotions. Without emotional control when you trade, it's like you only trade to lose. That is why emotions when tolerated in trading will only lead to more losses and frustrations. Also, patience plays a big role in successful trading. You can't be one profitable trader and crypto investor if you can't be patient not just for short duration but certainly for long term.

The more experience you gain, the bigger your capital should become. The logic is that if you are someone with a great trading experience then you should be making profit, and if you are making a profit that means you should be trading with more money, and if you trade with more money that means you should be making more profit. So that type of logic makes sure that someone with a lot of trading experience could end up making a lot of money, more than you can spend, because your capital will keep on growing.

Most wealthy people do not even spend money they have, they take a loan against the money they are using, which is even bigger return since that saves you from being taxed as well. So all in al, I would say it can be done, and it only requires you to constantly keep getting better.

I like your outlook. You've got strong views.
 
Yes I'm enjoying life but I've got years to wait before I'll retire. I don't know when it's going to take place but even in retirement I won't sit on a chair and wait for death. I've got plans to keep busy so that's what's motivating me.

Because we don't want to work until the day we're dead so we'd like to retire before old age visits.

There isn't a guarantee lives become shorter after retirement. It's fate we don't know what's going to happen. Life's short so let's ask what you'd say if you could retire tomorrow on $3000 month pension would you retire? I'd retire if I could.

Afaik Fear of the unknown is a very normal thing for any human being, so worry not buddy ...

But when you refer to losing all capital because of trading, then you are probably pro trading with leverage which isn't advisable if one hasn't shapened their strategy to be on the profitable side of this journey... so to minimise such risk best to buy and hodl and forget about losing your capital to small price dips.

Tbh, the best way to find motivation is to find a working strategy that you have tried and tested and are happy with the results, otherwise going in blindly is guaranteeing oneself of failure....good thing fear pushes many of us to do the uncomfortable stuff and this includes learning new skills

Yes. This is it. Spot trading is always the best move for newbies. No fear of getting liquidated and will have enough time to know what's happening in the market. Some even leverage some elite traders' trading skills mostly when they go online or just imitate them from copy trading as most exchanges are now showing off every trader's trading history for everyone to see

Investment is not something we need to do with funds we have, we can always split it and use part of the funds to invest in Bitcoin and other cryptocurrencies so that we can earn some profits too. I always tell to never underestimate investing in physical business because that would make a lot of sense so as our crypto investment keep getting mature, same will our physical businesses will keep growing so that as we are making money from the two side, we can also think of investing in other businesses to earn more too. Anything can happen in the Crypto world just like last time when the crypto market crashes making people to make severe loses.

I disagree with you. With the current condition of the global economy, more and more early retirees are back to seeking jobs and any sources of income. While it is true that retiring early allows people to finally have time for themselves and enjoy life, majority of the people see it as a hard-to-reach goal due to inflation and the possible hit it will cause their financial stability once they choose to stop working. Hence, I wouldn't call this a subjective topic.

Agree with your statement as if you are using money then more money will come to you. The wealthy people are wealthy because they create new way of earning through utilising their own money. Poor people think that if they spend their earning and reward then there will be nothing with them to buy expensive things but they forget that desires can be achieved anytime but once you spend money in useless activities then you will not able to increase your cash.

Sometimes they think that investment is a waste of time but they don't remember that with this investment you can avoid harsh situations, your life will not be burden for you.
May be they are not investing as they wants the happiness of their family to feed them in restaurant and to give them expensive cloths but they can also invest money because after some patience they will be able to give more comfort than this if they wisely invest in wise coin as it will offer them passive income.

_ Even though am a big fan of Bitcoin, it wouldn't make you filthy rich, unless you have a large capital, the real money is in the Alt where the high risk are, just pick the right one.

_ Learn to sell: you need to learn to cut your loss, even though you are -70% , the left over 30% is reinvested than slowly grinding down to -99% because you are too stubborn to admit you are wrong.

_ Take profit: if you don't take profit how can you be profitable? Don't be greedy, just take profit.