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Author Topic: Trading is unpredictable job.  (Read 235922 times)
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November 15, 2016, 12:05:34 PM
 #821

In trading, you will not only focus for one coin because you don't know when will the prices goes up and falls down. Trading is really unpredictable, you need time for that to observe or monitor. You should always be updated and aware.
if you invest only on one coin then you just need only to focus on the coin you're investing,otherwise you can still take a look into another coins to see its potential but still the coin have been invested is the main priority and your only way to make profit

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November 15, 2016, 12:23:26 PM
 #822

In trading, you will not only focus for one coin because you don't know when will the prices goes up and falls down. Trading is really unpredictable, you need time for that to observe or monitor. You should always be updated and aware.
if you invest only on one coin then you just need only to focus on the coin you're investing,otherwise you can still take a look into another coins to see its potential but still the coin have been invested is the main priority and your only way to make profit
Definitely focus is the most important when in trading, you are right we need to focus only with few coins so it will not consume too much of our time and we will be able to analyze how the coins move and that would make the unpredictable job easy for us.

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November 15, 2016, 12:33:09 PM
 #823

Nah. Trading is not 'unpredictable job' you can still predict a move or pattern of a coin by reading some news about that crypto-currency example

At the time certain news articles are popping up, and people start to buy up coins as result of that, then you're basically on the late side. You shouldn't be waiting for news in order to open positions. You must anticipate on things when nothing has happened, and benefit from pumps as result of news. Sell when people buy due to good news, and buy when people sell due to bad news. Wink That's what smart traders do. Rookies and inexperienced traders do it the other way around.
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November 15, 2016, 12:40:32 PM
 #824

In trading, you will not only focus for one coin because you don't know when will the prices goes up and falls down. Trading is really unpredictable, you need time for that to observe or monitor. You should always be updated and aware.
if you invest only on one coin then you just need only to focus on the coin you're investing,otherwise you can still take a look into another coins to see its potential but still the coin have been invested is the main priority and your only way to make profit
Definitely focus is the most important when in trading, you are right we need to focus only with few coins so it will not consume too much of our time and we will be able to analyze how the coins move and that would make the unpredictable job easy for us.
Fluctuation needs to be assess properly as we enjoy this movement from time to time the more we focus and understand how things really work out with certain coin we will able to place our entry and exit point and chase the price in the profitable ways.
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November 15, 2016, 01:21:16 PM
 #825

In trading, you will not only focus for one coin because you don't know when will the prices goes up and falls down. Trading is really unpredictable, you need time for that to observe or monitor. You should always be updated and aware.
if you invest only on one coin then you just need only to focus on the coin you're investing,otherwise you can still take a look into another coins to see its potential but still the coin have been invested is the main priority and your only way to make profit
Definitely focus is the most important when in trading, you are right we need to focus only with few coins so it will not consume too much of our time and we will be able to analyze how the coins move and that would make the unpredictable job easy for us.
Fluctuation needs to be assess properly as we enjoy this movement from time to time the more we focus and understand how things really work out with certain coin we will able to place our entry and exit point and chase the price in the profitable ways.
Well, since you are a trader you are happy with the fluctuation as when bitcoin fluctuates you have a good chances to take advantage on it. It really needs a certain trader to be knowledgeable enough on the price behavior so he can predict the price very well.
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November 15, 2016, 09:41:18 PM
 #826

In trading, you will not only focus for one coin because you don't know when will the prices goes up and falls down. Trading is really unpredictable, you need time for that to observe or monitor. You should always be updated and aware.

in trading, it is always better to spread or diversify your trading with other alt coins. This way, when there is a big spike due to whales bumping certain coin or coins, then you are in the better place to profit well. Whereas, if you are just focus on one coin only, then it will be very boring I tell you Smiley
Diversification is one concept that seasoned and successful traders never ceases to emphasis  on upcoming traders. It is not just a cryptocurrency thing, but traders of any type are advised to spread their money or investments over a range of assets as a cushion or soft landing pad when the unforeseen comes unannounced as always.
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November 15, 2016, 10:29:12 PM
 #827

In trading, you will not only focus for one coin because you don't know when will the prices goes up and falls down. Trading is really unpredictable, you need time for that to observe or monitor. You should always be updated and aware.

in trading, it is always better to spread or diversify your trading with other alt coins. This way, when there is a big spike due to whales bumping certain coin or coins, then you are in the better place to profit well. Whereas, if you are just focus on one coin only, then it will be very boring I tell you Smiley
Diversification is one concept that seasoned and successful traders never ceases to emphasis  on upcoming traders. It is not just a cryptocurrency thing, but traders of any type are advised to spread their money or investments over a range of assets as a cushion or soft landing pad when the unforeseen comes unannounced as always.

As Warren Buffet once said, if you have a harem of 40 women, you never get to know any of them very well

In order to successfully use diversification, you should first have a deep knowledge and understanding of the assets that you are going to diversify with. But this basically means that instead of diversification, you'd better concentrate on the assset you understand most, and then you wouldn't need diversification altogether, since you would just stay away from making a losing investment in the first place instead of trying to compensate the incurred losses through other investments. On the other hand, chaotic and senseless diversification may outright cause massive losses on its own

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November 15, 2016, 11:17:27 PM
 #828

in trading, it is always better to spread or diversify your trading with other alt coins. This way, when there is a big spike due to whales bumping certain coin or coins, then you are in the better place to profit well. Whereas, if you are just focus on one coin only, then it will be very boring I tell you Smiley
I got you, that's what I want to say. We can really make a profit too in other coins not just in bitcoins. Just choose the promising coin and not those shit coins. It is important to have enough knowledge with regards to coins that you are choosing, it is a non-stop of monitoring updates and current trends.

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November 15, 2016, 11:34:31 PM
 #829

In order to successfully use diversification, you should first have a deep knowledge and understanding of the assets that you are going to diversify with. But this basically means that instead of diversification, you'd better concentrate on the assset you understand most, and then you wouldn't need diversification altogether, since you would just stay away from making a losing investment in the first place instead of trying to compensate the incurred losses through other investments.

That's why I only stick to Bitcoin as my main investment option. It saves me plenty of time and headache as I don't have to focus/worry about what my other investments will do. That's why I don't understand that people put their money into stocks, Gold, Bitcoin and altcoins at the same time. It's pure overkill. It's impossible to manage everything at the same level. Especially when you also have a day job.
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November 16, 2016, 02:13:48 AM
 #830

In trading, you will not only focus for one coin because you don't know when will the prices goes up and falls down. Trading is really unpredictable, you need time for that to observe or monitor. You should always be updated and aware.

in trading, it is always better to spread or diversify your trading with other alt coins. This way, when there is a big spike due to whales bumping certain coin or coins, then you are in the better place to profit well. Whereas, if you are just focus on one coin only, then it will be very boring I tell you Smiley
I believe that diversification is a good thing, but even that requires care. There are altcoins that can not be considered a good investment. Some of them have very low chances of receiving some pump, and many of them have dead chains.

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November 16, 2016, 06:03:21 AM
 #831

In trading the results will be not same such as yesterday and possible too for that day you will experience to loss because you had wrong predict for the prices movement however even these jobs full of risk but some people very enjoy for trading and they more likely to choose trading than other jobs
there is no doubt abuot this that every kind of trading is risky, and some time your prediction can prove as false and you can face a big lost, but i think there are so many experience people who are really giving too much good prediction about trading and mostly their prediction proves as right and so they get so much benefit from it.

People who have spent enough time behind trading can predict the price movement very easily and there are many experts that will give you tips as when to buy and sell your coins and they will charge some fees from  you for giving you tips and I think its worth to pay as it can give good profits at regular intervals.
That is what they normally claim, but when you are in there, you discover the market price has its own mind and goes where it would. Sometimes some predictions might be right, at other times, would miss the mark. Actually what makes a profitable trader is the ability to effectively manage market uncertainties and there can be many of them.
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November 16, 2016, 07:02:07 AM
 #832

In order to successfully use diversification, you should first have a deep knowledge and understanding of the assets that you are going to diversify with. But this basically means that instead of diversification, you'd better concentrate on the assset you understand most, and then you wouldn't need diversification altogether, since you would just stay away from making a losing investment in the first place instead of trying to compensate the incurred losses through other investments.

That's why I only stick to Bitcoin as my main investment option. It saves me plenty of time and headache as I don't have to focus/worry about what my other investments will do. That's why I don't understand that people put their money into stocks, Gold, Bitcoin and altcoins at the same time. It's pure overkill. It's impossible to manage everything at the same level. Especially when you also have a day job.

there are different opinions and different strategies that different people take and you can never say one is right and the other is wrong. there surely is always some pros and cons for all of these methods which you have to understand them and find which one is best suited for you to try out.
for me I prefer diversification rather than just investing in one asset.

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November 16, 2016, 07:24:09 AM
Last edit: November 16, 2016, 08:44:38 AM by deisik
 #833

In order to successfully use diversification, you should first have a deep knowledge and understanding of the assets that you are going to diversify with. But this basically means that instead of diversification, you'd better concentrate on the assset you understand most, and then you wouldn't need diversification altogether, since you would just stay away from making a losing investment in the first place instead of trying to compensate the incurred losses through other investments.

That's why I only stick to Bitcoin as my main investment option. It saves me plenty of time and headache as I don't have to focus/worry about what my other investments will do. That's why I don't understand that people put their money into stocks, Gold, Bitcoin and altcoins at the same time. It's pure overkill. It's impossible to manage everything at the same level. Especially when you also have a day job.

there are different opinions and different strategies that different people take and you can never say one is right and the other is wrong. there surely is always some pros and cons for all of these methods which you have to understand them and find which one is best suited for you to try out.
for me I prefer diversification rather than just investing in one asset.

Diversification, in the strict sense of the word, is allocating your capital to different assets in such a way that your total risk exposure is reduced. You get there by investing in assets which prices tend to have negative correlation (which is the best option), so your portfolio as whole would have less risk overall than the assets it consists of, i.e. risks are being mutually compensated...

If you invest in different assets exclusively for the purpose of having more profit opportunities, this is not diversification

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November 16, 2016, 08:35:19 AM
 #834

In trading the results will be not same such as yesterday and possible too for that day you will experience to loss because you had wrong predict for the prices movement however even these jobs full of risk but some people very enjoy for trading and they more likely to choose trading than other jobs
there is no doubt abuot this that every kind of trading is risky, and some time your prediction can prove as false and you can face a big lost, but i think there are so many experience people who are really giving too much good prediction about trading and mostly their prediction proves as right and so they get so much benefit from it.

People who have spent enough time behind trading can predict the price movement very easily and there are many experts that will give you tips as when to buy and sell your coins and they will charge some fees from  you for giving you tips and I think its worth to pay as it can give good profits at regular intervals.
That is what they normally claim, but when you are in there, you discover the market price has its own mind and goes where it would. Sometimes some predictions might be right, at other times, would miss the mark. Actually what makes a profitable trader is the ability to effectively manage market uncertainties and there can be many of them.

I agree, the market moveaccording to the situation or environment around it.  So by studying the environment around it and applying the experience and history of market how it moves towards that change in environment, professional traders will successfully predict the next movement of price of each commodities. Unless it is manipulated by some large group then the movement will be uncertain but only known to those manipulators.

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bamboylee
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November 16, 2016, 11:18:46 AM
 #835

In trading the results will be not same such as yesterday and possible too for that day you will experience to loss because you had wrong predict for the prices movement however even these jobs full of risk but some people very enjoy for trading and they more likely to choose trading than other jobs
there is no doubt abuot this that every kind of trading is risky, and some time your prediction can prove as false and you can face a big lost, but i think there are so many experience people who are really giving too much good prediction about trading and mostly their prediction proves as right and so they get so much benefit from it.

People who have spent enough time behind trading can predict the price movement very easily and there are many experts that will give you tips as when to buy and sell your coins and they will charge some fees from  you for giving you tips and I think its worth to pay as it can give good profits at regular intervals.

They can predict a movement but it does not mean it will be profitable. Nothing is 100% correct prediction. I will not pay for that. I will only pay if it is an insider information, that is one thing that can lead to a very profitable one time trade.
Dassi
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November 16, 2016, 12:07:33 PM
 #836

That really depends, however you can predict " a little bit" when you are experienced trader, and you feel comfortable with having such a job.
It is all about gains, but good, successful trader can get his "goal" every month, and he is never greedy- so if someone is well educated in trading, you can really live off from the trader's salary.


If I can be so professional to the extent that I can live off my trading earnings, it will be a dream come true.
ardentvolcanoes
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November 16, 2016, 01:30:55 PM
 #837

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?


you're right it is an unpredictable job, because you didn't know what will be the future price of a certain price of an altcoin that you are to grow your btc with . and i guess you really need a lot of things to consider not only money , method/strategy and mind just like in gambling you really need luck as well . however , trading is much better than other way of earning money just my own opinion .
sportis
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November 16, 2016, 03:20:31 PM
 #838

     It is risky. Those who have dealt with purchase and sale of banknotes understand that temper is needed, insight and certainly very good information. If you are considering trading between digital / fiat money there will have to bear in mind the great volatility of digital money that exists. Even more difficult is trading between btcs eths and so on. But without risk of loss there is not gain.
The_prodigy
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November 16, 2016, 03:58:21 PM
 #839

Trading is really unpredictable job you are going to follow the flow of those pumpers who pump the coins so it will up and if they dump the coins buy and wait for the next pump trading is really profitable if you know your doing every day in trading i know that because i have experience in trading im not professional but enough to make profit.
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November 16, 2016, 04:13:12 PM
 #840

If trading would not be unpredictable then trading wouls be impossible.
It's the unpredictabily who makes it possible.

Exemple:
Imagine a lottery where you would know the result...(lol)

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