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Author Topic: Does trading belongs to everyone?  (Read 1329 times)
justdimin
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May 23, 2024, 09:20:32 AM
 #181

Anyone can try trading, but  it's way more than just buying low and selling high. You need a certain mindset, the guts to handle risk, and you gotta be constantly learning to survive in the crazy crypto world. Sure, anyone with an internet connection can open an exchange account, but that doesn't mean they've got the discipline to stick to a plan, the emotional control to deal with losses, or the brains to figure out what's happening in the market. For some, trading is a fun way to make some extra cash while it's a stressful mess that ends up costing us money in most cases. Better be  honest with ourselves about what we want out of it, what we're good at, and how much risk you can stomach before jumping in.  Some people make decent side income, but others lose their shirts. Be real about what you're getting into. If you decide to go for it, do your research, make a plan, and be smart about your risk. In the trading game, it's all about discipline, patience, and learning from your screw-ups. Just my 2 cents.
The ability to study without getting into trading itself too early is another one of the situations. A lot of people do not realize that but you need to be careful about that part. I have seen way too many people end up getting into trading right away, because they think that they could make a lot of profit from it, but the reality is that most of them do not make that kind of profit, it ends up being a wrong move to jump into it right away.

I personally hope that people could take their time and see where it leads them while learning. After you learn some, then you can start making some money but that won't be all that easy, it is going to take a lot of time and effort to get to that point, so you need to be patient about it for sure.

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Bushdark
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May 23, 2024, 11:04:48 AM
 #182

No. Trading is only to those who are strong, determined, persistent until they are consistently profitable. Because trading will constantly ripped you off. If you are not able to cope with the changes in the market, it will teach you that lesson in a way of losses. In trading there should be a constant learning and progression of your trading in many aspects. It could be in your system itself, risk management, psychology, exit strategy, or the market sentiment itself. That's why trading is hard and it is only for the people who are willing to put in the work.
well, many think that trading is suitable for everyone. In fact, I came across several cases that some people traded without any basis and followed the hype, and ended up losing. This makes them frustrated because they use up the main money they have, so they say they regret trading. However, I think not everyone will be suitable for trading, especially if he gets stressed easily.
We need to understand that trading is not meant for everyone. There are people that cannot be patient and play by the rules of  trading and the patients it requires to keep learning even when we are losing trades.
Those who are professional traders and have been in the market for long could tell us somethings about trading that most newbies are not aware about. We need to be ready for the risk for us to make money from the market.









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tottong
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May 23, 2024, 12:20:53 PM
 #183

I may say that some did it by luck but that's inconsistent and we only choose the consistency if it's with trading.

In fact, I was laughed at by people before because they said it would be difficult to survive in trading when you always experience losses. There is no luck when it comes to trading and rapidly changing market conditions can result in losses when people do not have a strategy in trading.
Even people who have a lot of experience in trading are not able to avoid losses at certain times.

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Yes, even the best traders also losses sometimes. And that's the market behavior that I am telling, while them being experienced they are also moving on the point that they are doing it with the futures.

So with sudden fluctuation, they get liquidated so if they don't see it happening then the newbies are prone to it.

The difference is that experienced people can recover losses in subsequent trades and they have much better mental preparedness compared to beginner behavior.
There is no guarantee that trading can always produce profits because we talk about market fluctuations in the coins we trade. But when we have the ability to control ourselves then trading will be much easier for us to carry out.

Vinaa77
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May 23, 2024, 01:35:30 PM
 #184

We need to understand that trading is not meant for everyone. There are people that cannot be patient and play by the rules of  trading and the patients it requires to keep learning even when we are losing trades.
Those who are professional traders and have been in the market for long could tell us somethings about trading that most newbies are not aware about. We need to be ready for the risk for us to make money from the market.
After we understand trading well, of course we have realized whether we are worthy of trading and making a profit from it or not, because without understanding it well it is very impossible to enter trading and if we force ourselves of course this is very likely. we will experience a loss on the trade.

In trading, of course we have to go through various stages in order to be able to trade to make a profit and most importantly we have to be patient with every process we have to go through and we have to be able to do it carefully so as not to make decisions that are detrimental to ourselves.

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May 25, 2024, 06:20:46 AM
 #185


It's absolutely true. Basically, everyone can trade as long as he knows how to buy and sell coins on exchanges. But it is not as simple as selling or buying coins only! To succeed in trading, it requires knowledge and experience. That's why it is very important to take some lessons first before we star trading any coins. People who never has the intention to take lessons, it is small chance to succeed. It is because to trade properly, we need to take some research or do analysis. These can't be done if we have no knowledge.  Wink

Agree with you Knowledge is very much important and if someone claims that he will win his trade without knowledge then there is no more foolish person than him. Some people first trade and when they lose money many times then they start to learn but I think if their first step was learning and the second was getting experience through practicing his knowledge then there is a chance that his earning will be more than his loss.




Indeed. Many people become traders because they are dreaming to be rich people instantly. This is surely the wrong way, there is no instant way to be rich in trading. Those professional traders must spend a long time before they know well trading. It is just something impossible to master trading in few days or in few weeks. And we must accept challenges in trading, too. Sometimes we get losses, and sometimes the market trends can change easily. There are many unexpected things to happen that we must be patient to face them.

The dream of gaining huge money Instantly never comes true and if someone is trading just to become wealthy in a month then they are in error. They assume that professional traders have got their name instantly but they don't know about their sacrifices, hard work, knowledge and talent which they utilize for years and now if they are getting huge profit then they also have lost in early stages but they learn from those losses and now they are in better positions.



 

 

 

 

 

 


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CroverNo01
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May 25, 2024, 12:54:01 PM
 #186

This topic is not a new one,we all know trading is not for everybody,and not everybody can even think about it because of the risks involved in it.Those who are trading on daily basis needs to be commended because losing money Everytime is not easy.It is not everybody's thing.We all know the mind game involved in trading,it has to deal with emotional attachment and the rest, therefore if your mind isn't strong yet on losing money,you don't have to even try it,else your money will go to where you don't know,and it will really hurt you so much that your money was sent on something that didn't benefit you.
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