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bamboylee
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September 23, 2016, 04:53:14 PM |
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Trading is a very unpredictable job. One day you can make alot of profit and the other day you can lose it all plus more.
You have to be good at analyzing so you know the risks and which trade is worth it. If you are not good at that you will be bankrupt quickly.
Of course it is unpredictable because the price of cryptocurrency is not just based on the market but also on the sentiments or psychology of the users. Even if the graph says something, it can still go the other way. All we can do is speculate and hope our speculations are right. |
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dandroid
Member
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Activity: 70
Merit: 10
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September 23, 2016, 06:56:45 PM |
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In my opinion, trading is not an very easy way to earn money, like what some people think. There are many good traders who lost a lot of money in trading, even those with lots of experience.
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yakdivine
Member
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Activity: 70
Merit: 10
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September 23, 2016, 07:08:29 PM |
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If you are trading you should trading as a business any outside this don't work. Don't trading more than ten percent of you capital and since is business don't expect to make profit all time. Keep you eye on your emotion.
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naidray
Legendary
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Activity: 1232
Merit: 1029
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September 23, 2016, 07:51:27 PM |
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Trading is a very unpredictable job. One day you can make alot of profit and the other day you can lose it all plus more.
You have to be good at analyzing so you know the risks and which trade is worth it. If you are not good at that you will be bankrupt quickly.
Of course it is unpredictable because the price of cryptocurrency is not just based on the market but also on the sentiments or psychology of the users. Even if the graph says something, it can still go the other way. All we can do is speculate and hope our speculations are right. True. The market is never stable and since 3 months, there hasn't been any big movements that can earn traders a good amount o profit. However, the loses aren't a matter of concern as you can still wait till the price reaches the amount but trading when the price is too high is never worth it. You will always end up losing that way (example: Buying above $650) |
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BitcoinMarshal
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September 23, 2016, 11:06:54 PM |
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In my opinion, trading is not an very easy way to earn money, like what some people think. There are many good traders who lost a lot of money in trading, even those with lots of experience.
You are right its need some good time to understand this all but still risk is on just try to keep eye on market and then spend your money which easily you can afford to lost some time peoples lost big in greediness and then have nothing to recover this |
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richardsNY
Legendary
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Activity: 1232
Merit: 1091
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September 24, 2016, 01:24:07 AM |
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If you are trading you should trading as a business any outside this don't work. Don't trading more than ten percent of you capital and since is business don't expect to make profit all time. Keep you eye on your emotion.
10% is what I consider to be quite a low amount for trading purposes. I personally have like 50% of my total wealth in Bitcoin, from which I use 25% for trading purposes, and the other 25% is meant for holding only. Every percentage of profit that I can make per month is more than welcome as I mainly focus on how much I have made after exactly a year period. |
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Zooplus
Legendary
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Activity: 1106
Merit: 1000
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September 24, 2016, 02:45:51 AM |
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If you are trading you should trading as a business any outside this don't work. Don't trading more than ten percent of you capital and since is business don't expect to make profit all time. Keep you eye on your emotion.
10% is what I consider to be quite a low amount for trading purposes. I personally have like 50% of my total wealth in Bitcoin, from which I use 25% for trading purposes, and the other 25% is meant for holding only. Every percentage of profit that I can make per month is more than welcome as I mainly focus on how much I have made after exactly a year period. That depends on how much the exact amount equivalent to 10% of your total wealth, if you are holding millions or billions then that should be a big amount already for trading, you could have established a big business with that money and will guarantee you profit. |
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Zadicar
Legendary
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Activity: 1512
Merit: 1025
DGbet.fun - Crypto Sportsbook
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September 24, 2016, 06:19:03 AM |
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Trading is a very unpredictable job. One day you can make alot of profit and the other day you can lose it all plus more.
You have to be good at analyzing so you know the risks and which trade is worth it. If you are not good at that you will be bankrupt quickly.
Of course it is unpredictable because the price of cryptocurrency is not just based on the market but also on the sentiments or psychology of the users. Even if the graph says something, it can still go the other way. All we can do is speculate and hope our speculations are right. True. The market is never stable and since 3 months, there hasn't been any big movements that can earn traders a good amount o profit. However, the loses aren't a matter of concern as you can still wait till the price reaches the amount but trading when the price is too high is never worth it. You will always end up losing that way (example: Buying above $650) Its a normal thing on trading that we suffer such losses because we cant guarantee our selves to buy bitcoin in an exact time since price is too volatile. if you loss in $650 then how much more on those people who bought when bitcoins price reaches $1200 ways back before? Then for sure they would wait until the price would reach that amount or even higher. |
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Caladonian
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September 24, 2016, 07:05:17 AM |
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Trading is a very unpredictable job. One day you can make alot of profit and the other day you can lose it all plus more.
You have to be good at analyzing so you know the risks and which trade is worth it. If you are not good at that you will be bankrupt quickly.
Of course it is unpredictable because the price of cryptocurrency is not just based on the market but also on the sentiments or psychology of the users. Even if the graph says something, it can still go the other way. All we can do is speculate and hope our speculations are right. True. The market is never stable and since 3 months, there hasn't been any big movements that can earn traders a good amount o profit. However, the loses aren't a matter of concern as you can still wait till the price reaches the amount but trading when the price is too high is never worth it. You will always end up losing that way (example: Buying above $650) Its a normal thing on trading that we suffer such losses because we cant guarantee our selves to buy bitcoin in an exact time since price is too volatile. if you loss in $650 then how much more on those people who bought when bitcoins price reaches $1200 ways back before? Then for sure they would wait until the price would reach that amount or even higher. thats the principle of trading never go out if you entrusted the project that you supported as the price really showing good movement we can still assure that the price will jump back to the same price that we bought it, we really needed to make proper education and understanding to enhance our skills before we enter this kind of business. |
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Macadonian
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September 24, 2016, 07:43:01 AM |
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Trading is a very unpredictable job. One day you can make alot of profit and the other day you can lose it all plus more.
You have to be good at analyzing so you know the risks and which trade is worth it. If you are not good at that you will be bankrupt quickly.
Of course it is unpredictable because the price of cryptocurrency is not just based on the market but also on the sentiments or psychology of the users. Even if the graph says something, it can still go the other way. All we can do is speculate and hope our speculations are right. True. The market is never stable and since 3 months, there hasn't been any big movements that can earn traders a good amount o profit. However, the loses aren't a matter of concern as you can still wait till the price reaches the amount but trading when the price is too high is never worth it. You will always end up losing that way (example: Buying above $650) Its a normal thing on trading that we suffer such losses because we cant guarantee our selves to buy bitcoin in an exact time since price is too volatile. if you loss in $650 then how much more on those people who bought when bitcoins price reaches $1200 ways back before? Then for sure they would wait until the price would reach that amount or even higher. If the bitcoin price drops below $550 again, that would be a good time to buy. If it rises to $700 in the next month, it is good price to sell. |
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bamboylee
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September 24, 2016, 09:10:57 AM |
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If you are trading you should trading as a business any outside this don't work. Don't trading more than ten percent of you capital and since is business don't expect to make profit all time. Keep you eye on your emotion.
10% is what I consider to be quite a low amount for trading purposes. I personally have like 50% of my total wealth in Bitcoin, from which I use 25% for trading purposes, and the other 25% is meant for holding only. Every percentage of profit that I can make per month is more than welcome as I mainly focus on how much I have made after exactly a year period. That depends on how much the exact amount equivalent to 10% of your total wealth, if you are holding millions or billions then that should be a big amount already for trading, you could have established a big business with that money and will guarantee you profit. 10% of your money is enough for risky investments like trading bitcoin. You do not want to put all your money in a still very risky investment. Even if you are just trading it, you should just start with 10% and make it grow. Remember, you should have other investments too, so that if your trading fails, you have other investments to cover you. |
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Jasad
Legendary
Offline
Activity: 1414
Merit: 1002
= jasad =
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September 24, 2016, 11:08:03 AM |
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If you are trading you should trading as a business any outside this don't work. Don't trading more than ten percent of you capital and since is business don't expect to make profit all time. Keep you eye on your emotion.
10% is what I consider to be quite a low amount for trading purposes. I personally have like 50% of my total wealth in Bitcoin, from which I use 25% for trading purposes, and the other 25% is meant for holding only. Every percentage of profit that I can make per month is more than welcome as I mainly focus on how much I have made after exactly a year period. not low actually , if he is talking about 10% of your wealth , means not capital in bitcoin , if you do invested 20% of your wealth to bitcoin , and then 50% of your bitcoin capital are equal to 10% of your total wealth that invested to bitcoin , did you get it? |
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Astermony
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September 24, 2016, 12:10:49 PM |
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Trading is a very unpredictable job. One day you can make alot of profit and the other day you can lose it all plus more.
You have to be good at analyzing so you know the risks and which trade is worth it. If you are not good at that you will be bankrupt quickly.
Of course it is unpredictable because the price of cryptocurrency is not just based on the market but also on the sentiments or psychology of the users. Even if the graph says something, it can still go the other way. All we can do is speculate and hope our speculations are right. True. The market is never stable and since 3 months, there hasn't been any big movements that can earn traders a good amount o profit. However, the loses aren't a matter of concern as you can still wait till the price reaches the amount but trading when the price is too high is never worth it. You will always end up losing that way (example: Buying above $650) Its a normal thing on trading that we suffer such losses because we cant guarantee our selves to buy bitcoin in an exact time since price is too volatile. if you loss in $650 then how much more on those people who bought when bitcoins price reaches $1200 ways back before? Then for sure they would wait until the price would reach that amount or even higher. If the bitcoin price drops below $550 again, that would be a good time to buy. If it rises to $700 in the next month, it is good price to sell. If there is no major bad news about the bitcoin, the price will not drop to that level. The price drop to that level was due to bitfinex hack last time. |
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iqlimasyadiqa
Legendary
Offline
Activity: 1596
Merit: 1011
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September 24, 2016, 04:05:17 PM |
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If you are trading you should trading as a business any outside this don't work. Don't trading more than ten percent of you capital and since is business don't expect to make profit all time. Keep you eye on your emotion.
10 percent is a small amount. perhaps we should take that number even more. bitcoin could be the main income when we are seriously working on trading. |
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mace15
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September 24, 2016, 04:51:45 PM |
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Yes, trading is unpredictable job because
price is volatile. We can check the history of
a certain coins so you can know the price
movement. Trading is like a gambling, you
invest money on it, you might gonna lose
or win the game.
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milewilda
Legendary
Offline
Activity: 3290
Merit: 1156
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September 25, 2016, 02:30:03 AM |
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If you are trading you should trading as a business any outside this don't work. Don't trading more than ten percent of you capital and since is business don't expect to make profit all time. Keep you eye on your emotion.
10 percent is a small amount. perhaps we should take that number even more. bitcoin could be the main income when we are seriously working on trading. You are right 10% on your capital when you are doing trading is just too small. Ex. If you have $100 and you only use $10 for trading then expected profits would be small to. If we intend to do trading we must risk our money to gain money, the higher amount the higher profits you would made but still you couldnt guarantee that you would make profits in constant basis on doing trading because price is unpredictable. |
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goinmerry
Legendary
Offline
Activity: 2940
Merit: 1083
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September 25, 2016, 08:41:10 AM |
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Yes, trading is unpredictable job because
price is volatile. We can check the history of
a certain coins so you can know the price
movement. Trading is like a gambling, you
invest money on it, you might gonna lose
or win the game.
Correct. There is no telling how it can move. Well even the history chart studied it doesnt say it will move like that. Same with oil price I have been predicting it for 2 years and still I have lots of wrong predictions. It cant be seen through that even some pro investors dont know where it will go. |
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stepwilli
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September 25, 2016, 10:16:33 AM |
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If you are trading you should trading as a business any outside this don't work. Don't trading more than ten percent of you capital and since is business don't expect to make profit all time. Keep you eye on your emotion.
10 percent is a small amount. perhaps we should take that number even more. bitcoin could be the main income when we are seriously working on trading. No, taking the risks for more than 10 percent of your total wealth is not advisable. Because, we need to agree that trading is completely unpredictable work, it might go against the traders at any point of time. To stay safer, with trading we must go with minimum risk so 5% to 10% investment from our assets is more than enough. |
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freedomgo
Legendary
Offline
Activity: 3276
Merit: 1177
Playbet.io - Crypto Casino and Sportsbook
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September 25, 2016, 01:36:26 PM |
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If you are trading you should trading as a business any outside this don't work. Don't trading more than ten percent of you capital and since is business don't expect to make profit all time. Keep you eye on your emotion.
10 percent is a small amount. perhaps we should take that number even more. bitcoin could be the main income when we are seriously working on trading. No, taking the risks for more than 10 percent of your total wealth is not advisable. Because, we need to agree that trading is completely unpredictable work, it might go against the traders at any point of time. To stay safer, with trading we must go with minimum risk so 5% to 10% investment from our assets is more than enough. That is now on the decision of a certain trading, the fact is that the more we are willing to risk our money the better we get in terms of profit if we succeed, it is just a matter of managing risk and putting the money that we can afford to lose. |
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wxa7115
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September 25, 2016, 03:58:11 PM |
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If you are trading you should trading as a business any outside this don't work. Don't trading more than ten percent of you capital and since is business don't expect to make profit all time. Keep you eye on your emotion.
10% is what I consider to be quite a low amount for trading purposes. I personally have like 50% of my total wealth in Bitcoin, from which I use 25% for trading purposes, and the other 25% is meant for holding only. Every percentage of profit that I can make per month is more than welcome as I mainly focus on how much I have made after exactly a year period. Unless you are very wealthy already, investing only 10% is a very low amount, in fact, is my opinion that most of your money should be invested at all times (not necessarily all in trading), so it’s not there collecting dust and instead earning you more money |
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