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Author Topic: Trading is unpredictable job.  (Read 235921 times)
serjent05
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August 28, 2016, 05:28:37 PM
 #121

It is true that trading is really unpredictable to over come this, you have to split your bankroll and buy so that you can get the benefit of low bottom and then when ever their is raise you can just sell and get the profit. If you follow this strategy in trading you will be in profit.

I do not think trading is as unpredictable as gambling. If you have some experience in currency trading, you can always gain profit provide you invest in the right coins and sell/buy timely.

The bitcoin or the altcoin trading is not currency trading. They are more like commodity trading, much more volatile.

I think OP is referring to Bitcoin trading . Although i still do not agree that bitcoin/ Altcoin should be treated as commodity, and not a currency. As per the function and name Bitcoin is a digital currency and not a digital commodity.

For an entity to be a currency, it has to be stable. So that people can mark their goods with that currency. Otherwise, it is not a currency.

As for bitcoin altcoin relationshi, saying bitcoin is more likely a dollar then if you say  only bitcoin is a currency then it indirectly stated that only dollar is the currency.  As for bitcoin and volatility, it is natural for a currency to be volatile.  Even other country's currency is not stable, so are you saying those country's currency is not really a currency?

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Hellacopter
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August 28, 2016, 10:05:36 PM
 #122

We can't predict exactly the prices of altcoins in the future, we just guess according some factors and after good study of the market . That's why trading still risky a little bit.
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August 28, 2016, 10:07:46 PM
 #123

Working in trading need to make good strategy and choose the best altcoins with good potential to trade before investing there. But also its not predictable for exact results
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August 28, 2016, 10:10:40 PM
 #124

We can't predict exactly the prices of altcoins in the future, we just guess according some factors and after good study of the market . That's why trading still risky a little bit.
Even after doing too much study and research its very unpredictable because no one is sure about the future coins but we can guess about few coins but its not sure we are going in right way because its all very risky work
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August 29, 2016, 08:19:10 AM
 #125

It is true that trading is really unpredictable to over come this, you have to split your bankroll and buy so that you can get the benefit of low bottom and then when ever their is raise you can just sell and get the profit. If you follow this strategy in trading you will be in profit.

I do not think trading is as unpredictable as gambling. If you have some experience in currency trading, you can always gain profit provide you invest in the right coins and sell/buy timely.

The bitcoin or the altcoin trading is not currency trading. They are more like commodity trading, much more volatile.

I think OP is referring to Bitcoin trading . Although i still do not agree that bitcoin/ Altcoin should be treated as commodity, and not a currency. As per the function and name Bitcoin is a digital currency and not a digital commodity.

For an entity to be a currency, it has to be stable. So that people can mark their goods with that currency. Otherwise, it is not a currency.

It is lined up with commodity/strategy and I guess that is because it is not stable what you are saying might be true but still it will be the choice of each person on how he will use it.

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August 29, 2016, 08:40:12 AM
 #126

People say Forex is risky but there are so many forex traders today, somehow they've learnt to avoid the risks. I think caution and market observation are the key words.
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August 29, 2016, 10:06:56 AM
 #127

We can't predict exactly the prices of altcoins in the future, we just guess according some factors and after good study of the market . That's why trading still risky a little bit.
Even after doing too much study and research its very unpredictable because no one is sure about the future coins but we can guess about few coins but its not sure we are going in right way because its all very risky work

I do agree, even if we know the  information and news about the altcoin but  it wont   guarantee you  to make  profits easily. As same as others said  trading is unpredictable and  no one knows how  the price would move in a matter  of time. Trading is a risky thing if you dont know what you are really doing.

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August 29, 2016, 10:10:26 AM
 #128

People say Forex is risky but there are so many forex traders today, somehow they've learnt to avoid the risks. I think caution and market observation are the key words.

Forex is a totally different kettle of fish, trillions of dollars liquidity and near on impossible to be manipulated for any amount of time, including from central banks.
Now crypto is not liquid in the scheme of things and is pretty much totally controlled by a few.
Don't look at trading crypto as a job but more of a hobbie that can give some extra beer money.
Following poloniex coin threads could be a good start as well as what you mention in the OP.

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August 29, 2016, 12:35:05 PM
 #129

Even if you have great self control trading will make you forget it. I am talking from personal experience here, I remember very well when I was trading and I couldn't even sleep at night. At 2 am in the morning I used to woke up and to check my positions in trading. That's how obsessed with trading I was and that lead me to losing everything. Now its been about 3 years I have fully recovered from this disease as that's what I will call it, a big disease. I want to tell anyone to stop trading as you will never come on top of that no matter how skillful you are. Ask yourself a simple question , if trading was so profitable for the traders would there be so many trading houses and websites out there ? I don't think so. Trading truly is unpredictable.
off course is it a unpredictable job because you will never know the price after the trade or before the trade there can change allot of things with the bitcoins. And you will only know that if you work with bitcoins by your self otherwise you wont know where we are talking about because there can happen allot of strange things with bitcoins.
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August 29, 2016, 03:21:48 PM
 #130

People say Forex is risky but there are so many forex traders today, somehow they've learnt to avoid the risks. I think caution and market observation are the key words.

Forex is a totally different kettle of fish, trillions of dollars liquidity and near on impossible to be manipulated for any amount of time, including from central banks.
Now crypto is not liquid in the scheme of things and is pretty much totally controlled by a few.
Don't look at trading crypto as a job but more of a hobbie that can give some extra beer money.
Following poloniex coin threads could be a good start as well as what you mention in the OP.
if you talking about a strange altcoin which called as "shitcoin" ,
then yepp you can not expect you can get a steady income as your job from trading this shit coin ,
but if you talking about bitcoin and other strong community altcoin like litecoin, dogecoin, ethereum etc ,
it is hard to be manipulated .
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August 30, 2016, 02:41:34 AM
 #131

There is no method to trading here because of unexpected price swings. There's a chance to get some nice profits, and there's a chance to get huge losses. Either way, you may need patience if you are hoping for a price increase.
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August 30, 2016, 06:23:00 AM
 #132

In trading you need experience in the market, in which you are going to sale or buy. Sometimes is very difficult to understand the market changes, but if you do all by yourself, it's the only way. Another option would be, if you use the bot ( more easy way ) or another company/person, which make trade.  Wink
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August 30, 2016, 06:29:30 AM
 #133

In trading you need experience in the market, in which you are going to sale or buy. Sometimes is very difficult to understand the market changes, but if you do all by yourself, it's the only way. Another option would be, if you use the bot ( more easy way ) or another company/person, which make trade.  Wink
yeah if you can configure the bot to work with you it will be much easier i seen some members here that uses it and they are profiting from that knd of trade just can't say or recommend it yet because i don't have enough money to buy the service.
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August 30, 2016, 09:14:40 AM
 #134

yeah like gambling unpredictable, but it has a good strategy, Able to make a good profit in the trade.
This really depends on the strategy, I have some friends traders, all of whom have different results. some of my friends always make profit much, even every day. some other friends are always losing. no matter the amount of capital, because the strategy and experience I think the most important.

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August 30, 2016, 01:17:14 PM
 #135

i lost my btc in trading with the fucking coin Let it ride
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August 30, 2016, 01:41:44 PM
 #136

There are many people who lost their money on trading, because trading is unpredictable job, in my opinion i need:
Method ( i must have system trading)
Money ( i must have management of money and risk)
Mind ( i must can control my emotion)
Tell me your opinions?

for me trading is a very lucrative job. some people think trading is a fortune. but for me, trading is a job that requires precision. so trading is a job that can be predicted and is also profitable.
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August 30, 2016, 02:34:56 PM
 #137

Yes indeed trading is unpredictable job, and no matter how expert you are you cant predict 100% right, i think the most important in trading is the updated news, with updated news you can decide what you want to do, and then mind control, even if you see a big drop, never do a panic buy, a good trader know how to control the situation


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August 30, 2016, 02:50:07 PM
 #138

Yes indeed trading is unpredictable job, and no matter how expert you are you cant predict 100% right, i think the most important in trading is the updated news, with updated news you can decide what you want to do, and then mind control, even if you see a big drop, never do a panic buy, a good trader know how to control the situation
News has no influence on the price anymore unless it is bad news. That's still something that can shake up the market where people start panic selling like there is no tomorrow.

Panic buying is what noobs do and people that can't control their emotions to such a level where they can resist making a bad selling or buying decision.

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August 30, 2016, 02:51:01 PM
 #139

Working in trading need to make good strategy and choose the best altcoins with good potential to trade before investing there. But also its not predictable for exact results

It really depends on your scope.  On a day to day basis, over a week, the results can vary a lot.  Over 30 days, the results show more of a pattern.  The large the scale and scope of the time period observed, the lower the amount of variance.  

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August 30, 2016, 05:04:02 PM
 #140

Yes indeed trading is unpredictable job, and no matter how expert you are you cant predict 100% right, i think the most important in trading is the updated news, with updated news you can decide what you want to do, and then mind control, even if you see a big drop, never do a panic buy, a good trader know how to control the situation

This is a fact and a law of statistics.  It may seems like you invested in Doge yesterday and did well and then tanked out today and while this is true, there is an overall pattern and sometimes you have to step back to see it.

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