The advantage of doing a day trader is that we can avoid large losses because basically when trading daily we can make decisions quickly.
Small profits are not a problem because the benefits can be stable and we can get profit every day.
I prefer day trading, I feel that trading for a long time can pose a big risk. Do it according to your abilities and we can get something we want.
Daily trading could be good to make small profit in daily basis but there will be time when we should end our day in a lose state. It will be so hard to get steady profit daily btw. Yes, with daily trading we should follow the price movement regularly and with it, we can make our decisions as fast as possible. |
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in trading, prediction is not advisable because it may lead to loosing some of your capital, it is better to play safe when trading and it is better to base on the current market not what will the market for the following day.
All trading actions are predictions because we do not know where the prices will go in the next day. The difference lies on how people make predictions. Some will rely on charts, news or even just blind predictions based on feelings. Losing in trading is normal and everyone should experience it. Patience is needed to wait for the correct times to reap the profit. |
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Recently saw in a group conversation one high roller lost at least USD 8,000 in one bet and doesn't even mind at all. The only way to beat the house is to win once if you're a newcomer and never return, but how many have the will to do so?  Most gamblers will continue to gamble as long as they have the money to do it. It's very rare to see people who can come out well. Only bankruptcy will force gamblers to break the habit. That is why we often see or hear bad experiences from this business. The house for sure will benefit from such behaviour. |
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There are several ways to end our trading session and that will depend on the strategies of each trader. I would rather end my trading session when my profit target has been met or when price movements are against me for a relatively long time. To cover the previous loss, I was more happy to make a new trading session. Trading strategy may changed from time to time as our experience increases.
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When I started trading , in my mind always I was getting negative thoughts (or thoughts which made me to reverse my decision) , I saw a article about trading psychology where he had mentioned that before stating trading do meditation for few months as it really changes the way of your trading , after that I started meditation now after 3-4 months , I am able to control negative thoughts and my concentration as improved a lot
Meditation may help us to control our mind in regards with the actions we will take. It could give a help, for sure, but it won't be the main thing we must do if we want our trading run as expected. Learning the necessary stuffs and always update with the recent news will take a big role as well. |
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Bitcoin has changed many people's life.. Many people become rich with Bitcoin.. So how was your life for this 10 years with Bitcoin?
My life has been changed a lot since I know bitcoin and this forum. Even though I am not rich with it, but I can get extra income from it which give a help for my financial. I wish this good thing will last longer hence more and more people could benefit from it. |
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What do you think can be a consistent winning player on this game? is this game of skills or luck?
the longer you play more skills you get?
It will be impossible to get a consistent winning in poker. Poker is a game that require skill and luck. The longer we play, the more skill we will get, just the same with other games, but it won't give a guarantee for us to win everytime. Even though someone has a good skill at poker but if luck isn't on his side, he will be lose anyway. Generally speaking, gambling is a matter of luck. |
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Hi folks,
Yes, as the title says, I see a lot of negativity here with many people complaining. But the issue is not about the odds. You can win even when the odds are not in your favor.
I will explain: many random people everywhere in the world, managed on a random day to win at the national lottery, several millions $. Yet, the odds were not in their favor at all! National lotteries actually impose a much bigger margin (protection) to make sure they win more than they lose.
The point is: you can win big on a given day, if you get lucky. And yes luck strikes everywhere once in a while.
The main issue I see in those threads here is people totally addicted, investing a lot of money, chasing their losses, increasing their stakes after a loss.
The danger is the addiction, not the odds.
My opinion anyway.
Yes, addiction in combination with greediness is a major problem. I often see people who are lucky and able to win a lot of money. But instead of withdrawing and cashing out the winning money, they keep gambling because they think they can get even a higher profit. Greed and addiction are two things that will never give a good ending for those who live it. |
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One of the reasons behind the cryptocurrecny projects is to convince investors into storing their tokens for the future. long term investments. thereby holding the tokens and avoid trading. currently, trading platforms are engaging into trading competitions apparently to promote their platform and also the tokens as well. Are their no effects of these to the community and the project developers?
It will give an impact, for sure. At least in the short term. It could increase the daily volume and no exception with the price. The token/coin being promoted will get attention as well. But if we talk about the impact for the long term, it will need a bunch of measurements. The developer behind the project for sure will play the big role for the future of their tokens. If they are good enough then the chance to exist in the long term will be there. Otherwise their projects will be forgotten. I think the community and developers are very welcoming with such competition. It gives a good marketing, they don't need to worry! |
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I still believe in crypto especially with the well known coins such as bitcoin. Up and down are normal. As long as there are demands and supply, that means there's a hope for us to get benefit from it. No need to lose confidence just because of the recent decline.
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Is one of those who is afraid of buying during the crypto crisis on the market or you are someone who is willing to take risks and believe that this crisis is an opportunity to make big profits.
If someone is afraid to take risks in any business or business then you cannot do it. Even though the price of bitcoin is low now I see it as an opportunity to invest in it because we have seen a similar crisis in previous years but in the end it was very noble. I really believe it won't collapse but will soon experience an upward trend.
What do you think on the market today.
Dropping in price could be good for us to enter into the market but we, for sure, won't do it blindly. We should make a plan when to buy based on our own analysis. Right now, it seems the price already stable and if we buy today, we may get lucky someday. |
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Using higher percentage like 96% or even more is a very bad strategy if we intend to do it in the long term. For sure it will give a higher chance to win with such percent, but once we got the loss one, we need to put higher bet to chase our previous loss and if prefer to chase it with flat betting, it would need some wins to make it even, let alone profit. Higher win of chance would be better if we use it only once or twice and then leave the game. |
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Sure there will be time where we will feel so bored caused by our daily routine and no exception with cryptocurrency. The thing could be worse if we are in the negative profit. At this condition, we could make a bad decision if we forced ourselves to keep active on our investment things. It would be better to turn our attention to other things outside our routine. Getting along with relatives or close friends can be a good solution. Btw, there are many ways we can choose to overcome depression. For myself, the effective one is by hanging out and make some light conversations with others.
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Ethereum is on the rise leaving other coins like ripple and bitcoin cash it recently took back it's second place on cmc.. at already at $150.. are we going to see ethereum at $200 this month??
There will be hard forks this month which will give new coins to the ethereum holders. And I guess, the demand of ethereum will increase because of it, which for sure could increase the price of ethereum. So, $200 isn't a hard price to reach in this month. |
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I recognized that Crytocurrency has changed my life so much. I have more hopes and expectations everyday when I wake up and have more motivations when coins that I are investing have good news and really extremely happiness when receive the frist profit
There are opportunities in cryptos if we look back on what has happened in the past when the bull came and some people can get a good return from their previous investments. Excitement must be there because the possibility to see our investnent growing in a good percentage is exist. There is hope to change our life with crypto. |
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Every expert was once a newbie, as a newbie you learn and garner experience from mistakes, Just try to minimize the amount you want to start trading with to prevent unbearable losses.
True, we can't avoid the phase to be a newbie at every stuffs. But as newbie, as a learning path, it would be better to start with the small money first. Once we rise our knowledge, we can gradually increase the amount we use at trading. Every people starts from the bottom. |
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Arsenal are a good team, they’re just not an elite power like Man City & Liverpool. Emery needs a couple of years & I’m sure he can improve them a lot so they can compete with the big boys.
I guess all of the Arsenal fans might need to wait for another year in order to see their team qualify for the Uefa Champions League, Tottenham are performing pretty good at the moment and Chelsea are a much more stable team as compared to Arsenal, even though Arsenal have managed to beat Fulham today but Fulham is not a strong team. After Liverpool thrashed Arsenal with a scoreline of 5-1, I have realized that Arsenal defense is quite weak and vulnerable when they are playing against stronger and better teams. Arsenal must show good performance in the rest of the match to compete with Chelsea to get a ticket to the Champions League. This is certainly not easy because so far we still often see Arsenal is in an unstable performance. |
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Its not that way. Addiction is self control and you cannot do anything about it if the person bocmes addict. Your only contribution is to introduce them to what they have been addict for in the future but its not your fault. Dont forget that Fun is always in it knowing you have a friend and a companion doing it.
But at least, by introducing or convincing people to gamble, we have contributed to the bad thing if one day those people become addicts. We could be blamed by their relatives someday if the bad things occured to them. It would be better to keep this hobby as our own habit and it would be better too, to not convince people directly to do gamble. |
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At this point you should consider buying BTC for a low amount, if it goes down further then you can average it buying at low price. Bitcoin has already come down from around $20K to $3.3K, price is already very cheap, now its very difficult to predict whether it will go down further or will recover from here. My personal opinion is BTC should recover from here.
Yes, the highest price was around $20k and if we look at today's price, it is so cheap and it can be our starting point to start to make a new buy order in the hope that someday the price will be back to at least $20k again. But, as it is a very risky investment, there is no guarantee that the price will rise again even though after a deep dropping. We should be aware about the risk! |
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maybe at the beginning it's hard to do the very first thing about a trading way or else we're going to lose everything, but that's about to start that the second time and so on will be ok ... as I'm and until now, I'm still not knowing how to do a trading procedure, well when I stay as a member of the crypto world, I will try and will also come up with the time I go for the trading platform and I will definitely try it soon.
Yeah you're right. You should.make sure to learn something first about trading before you decide to enter the businesses. Don't join any crypto activity blindly and never invest what you cannot aford to lose. Doing your own research is the best option you can go in for. Let's keep crypto alive buddy. Good luck!! Crypto currency trading requires us to constantly renew our minds with new things, especially those relating to the news. Continuing to learn is a must if we want to survive long in this business. |
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