charlescoin
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July 03, 2017, 08:50:28 AM |
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I'm going to go against the trend and say there is very little skill to trading. Very short term trading is about luck and medium/long term trading is about common sense. I have tried technical analysis on crypto before and it behaves too randomly to trust it so much better to look at common sense and think of a good medium/long term valuation of a coin and sell it once it reaches or goes above that valuation.
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Raphal
Member
Offline
Activity: 64
Merit: 10
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July 03, 2017, 09:29:57 AM |
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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?
Luck, I think And about mind, mind is used to predict the markets, predict other traders and predict how the crypto currencies would show up in the future so that we can decide to buy or sell at the right time.
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sobsitesearch
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July 03, 2017, 09:55:58 AM |
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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?
Luck, I think And about mind, mind is used to predict the markets, predict other traders and predict how the crypto currencies would show up in the future so that we can decide to buy or sell at the right time. Agree luck has a big part in trading most of us is based on our own prediction we buy a coin that we know has a possibility to increase its value then if you are lucky that coin will pump and you will get profit then there is a bad side that you lost your money. Our mind are only looking for profit most of the time we do panic selling because we are afraid to lost our money.
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aesma
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July 03, 2017, 11:21:05 AM |
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yes is u predictable job I'm also lossing money in trading because I'm buy coins in the pumping momentum . I suggest the good time to buy coins is in lower price
Yes, but becareful with the price of coins is in lower price because it can be more more lower price, so actually we must know about the trend of price, the good time to buy altcoins is when started sideaway (stable) or wait until there are sign on your indicators to buy the coins and it needs skill of analisys technical for makes prediction the price. Just make it very simple, if you have bought a coin and the price continue to go down all you need is to have patience and wait for it until it rises again. It's not hard to understand how to make money in trading but not only that you are smart mentality but you also have to be strong emotionally. Since many alt fail, that strategy will lost you a lot of money ! I'd say the opposite strategy is required, define a stop loss limit and keep to it.
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8Habits
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July 03, 2017, 12:29:32 PM |
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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?
Luck, I think And about mind, mind is used to predict the markets, predict other traders and predict how the crypto currencies would show up in the future so that we can decide to buy or sell at the right time. Agree luck has a big part in trading most of us is based on our own prediction we buy a coin that we know has a possibility to increase its value then if you are lucky that coin will pump and you will get profit then there is a bad side that you lost your money. Our mind are only looking for profit most of the time we do panic selling because we are afraid to lost our money. That is why before we even start trading we need to have this resolved in ourselves that we need to follow our gameplan without any emotions so that we can thing clearly versus to let your emotions do the trading impulse.
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TitanGEL
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July 03, 2017, 01:03:08 PM |
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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?
Luck, I think And about mind, mind is used to predict the markets, predict other traders and predict how the crypto currencies would show up in the future so that we can decide to buy or sell at the right time. Agree luck has a big part in trading most of us is based on our own prediction we buy a coin that we know has a possibility to increase its value then if you are lucky that coin will pump and you will get profit then there is a bad side that you lost your money. Our mind are only looking for profit most of the time we do panic selling because we are afraid to lost our money. Yeah I agree to you that you say luck is a big part in the trading world it is because if you are holding a coin and the value of thr coin that you hold is become double or triple it can be called luck.
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8Habits
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July 03, 2017, 01:09:07 PM |
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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?
Luck, I think And about mind, mind is used to predict the markets, predict other traders and predict how the crypto currencies would show up in the future so that we can decide to buy or sell at the right time. Agree luck has a big part in trading most of us is based on our own prediction we buy a coin that we know has a possibility to increase its value then if you are lucky that coin will pump and you will get profit then there is a bad side that you lost your money. Our mind are only looking for profit most of the time we do panic selling because we are afraid to lost our money. Yeah I agree to you that you say luck is a big part in the trading world it is because if you are holding a coin and the value of thr coin that you hold is become double or triple it can be called luck. I believe with trading, we can give ourselves a lot of chances to get lucky by opening an informed and skillfuly done trades. This way, we are more luckier when we have couple of pre-planned strategic trades than no strategies at all.
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el kaka22
Legendary
Offline
Activity: 3626
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
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July 03, 2017, 09:03:32 PM |
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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?
I can't completely accept with your conclusion that trading is unpredictable. If you know what trading is all about am sure you will accept that trading is predictable. If you say trading is not predictable, it means there is no difference between trading and gambling. But there is a great difference between the two. The only thing you need to be successful in trading is a good knowledge of how it works, which I will recommend you Google babypipschool. Gambling and trading both are ways different from each other. It is very simple to explain and to understand the difference in them. In trading you don’t lose all your money while in gambling you have a chance to lose all your money. Trading unpredictability is up to the market like most of the traders may have invested in bitcoin, ETH, Doge or ripple or in many other alts which dropped its price and caused loses to the traders but still they didn’t lose all.
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Vikingr
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July 03, 2017, 09:10:44 PM |
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yes is u predictable job I'm also lossing money in trading because I'm buy coins in the pumping momentum . I suggest the good time to buy coins is in lower price
Yes, but becareful with the price of coins is in lower price because it can be more more lower price, so actually we must know about the trend of price, the good time to buy altcoins is when started sideaway (stable) or wait until there are sign on your indicators to buy the coins and it needs skill of analisys technical for makes prediction the price. In the case of altcoin I do not think that it will be beneficial to buy when the coin will go to lower because many times I have noticed that when an altcoin go downward then it do not come back again and go down to deep or go to die. Mostly I invest in coins when it is in upward direction.
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Slow death
Legendary
Online
Activity: 3122
Merit: 1121
Leading Crypto Sports Betting & Casino Platform
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July 03, 2017, 09:18:41 PM |
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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?
Luck, I think And about mind, mind is used to predict the markets, predict other traders and predict how the crypto currencies would show up in the future so that we can decide to buy or sell at the right time. Luck is the great companion in the world of alts trade, but technical analysis helps a lot when making trade I will not delve into this subject about technical analysis because it is very annoying
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choppork
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July 04, 2017, 11:48:22 AM |
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yes is u predictable job I'm also lossing money in trading because I'm buy coins in the pumping momentum . I suggest the good time to buy coins is in lower price
Yes, but becareful with the price of coins is in lower price because it can be more more lower price, so actually we must know about the trend of price, the good time to buy altcoins is when started sideaway (stable) or wait until there are sign on your indicators to buy the coins and it needs skill of analisys technical for makes prediction the price. In the case of altcoin I do not think that it will be beneficial to buy when the coin will go to lower because many times I have noticed that when an altcoin go downward then it do not come back again and go down to deep or go to die. Mostly I invest in coins when it is in upward direction. It's true that sometimes altcoins die, but not all of them dies just because of the downward trend. They die because of the dev running away or the coin, as a project, failed. It's also true that the trend tend to continue and it just don't go to the opposite direction right away. There's a saying, "Don't chase the bull." in a market because you might end up buying at the peak price. It's good that things are working out for you but it will just take some time before you end up buying at a very high price and not being able to sell at a higher price. It's much better to just wait for the price dip, check if there's a problem about the project or anything, if there's none, then buy the coin because in no time it will go back to its previous price.
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Genamant
Full Member
Offline
Activity: 730
Merit: 102
Trphy.io
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July 04, 2017, 11:52:43 AM |
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yes is u predictable job I'm also lossing money in trading because I'm buy coins in the pumping momentum . I suggest the good time to buy coins is in lower price
Yes, but becareful with the price of coins is in lower price because it can be more more lower price, so actually we must know about the trend of price, the good time to buy altcoins is when started sideaway (stable) or wait until there are sign on your indicators to buy the coins and it needs skill of analisys technical for makes prediction the price. Just make it very simple, if you have bought a coin and the price continue to go down all you need is to have patience and wait for it until it rises again. It's not hard to understand how to make money in trading but not only that you are smart mentality but you also have to be strong emotionally. Since many alt fail, that strategy will lost you a lot of money ! I'd say the opposite strategy is required, define a stop loss limit and keep to it. I doubt that you really trade altcoin because if you, you will not chase the market when it's going up. Altcoins don't just die everyday. Maybe coins that aren't known at all. But major coins like ETH, and LTC will surely go back up when the price went down.
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8Habits
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July 10, 2017, 02:53:05 PM |
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yes is u predictable job I'm also lossing money in trading because I'm buy coins in the pumping momentum . I suggest the good time to buy coins is in lower price
Yes, but becareful with the price of coins is in lower price because it can be more more lower price, so actually we must know about the trend of price, the good time to buy altcoins is when started sideaway (stable) or wait until there are sign on your indicators to buy the coins and it needs skill of analisys technical for makes prediction the price. Just make it very simple, if you have bought a coin and the price continue to go down all you need is to have patience and wait for it until it rises again. It's not hard to understand how to make money in trading but not only that you are smart mentality but you also have to be strong emotionally. Since many alt fail, that strategy will lost you a lot of money ! I'd say the opposite strategy is required, define a stop loss limit and keep to it. I doubt that you really trade altcoin because if you, you will not chase the market when it's going up. Altcoins don't just die everyday. Maybe coins that aren't known at all. But major coins like ETH, and LTC will surely go back up when the price went down. Ups and downs in prices are very natural to trading.. In a matter of fact, if there are no ups and down, there is no way for a day trade to do the trading. That is why we should always embrace the ups and downs as part of our trade because without them, we won't have short term eaning profits.
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Gaff
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July 10, 2017, 04:19:21 PM |
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yes is u predictable job I'm also lossing money in trading because I'm buy coins in the pumping momentum . I suggest the good time to buy coins is in lower price
Yes, but becareful with the price of coins is in lower price because it can be more more lower price, so actually we must know about the trend of price, the good time to buy altcoins is when started sideaway (stable) or wait until there are sign on your indicators to buy the coins and it needs skill of analisys technical for makes prediction the price. Just make it very simple, if you have bought a coin and the price continue to go down all you need is to have patience and wait for it until it rises again. It's not hard to understand how to make money in trading but not only that you are smart mentality but you also have to be strong emotionally. Since many alt fail, that strategy will lost you a lot of money ! I'd say the opposite strategy is required, define a stop loss limit and keep to it. I doubt that you really trade altcoin because if you, you will not chase the market when it's going up. Altcoins don't just die everyday. Maybe coins that aren't known at all. But major coins like ETH, and LTC will surely go back up when the price went down. Ups and downs in prices are very natural to trading.. In a matter of fact, if there are no ups and down, there is no way for a day trade to do the trading. That is why we should always embrace the ups and downs as part of our trade because without them, we won't have short term eaning profits. Perhaps, it will be like that. Trading is sometimes fun despite the product that you are introducing. On the contrary, there are weaknesses on trading especially when it comes to value of bitcoin that has falling point. Lucky enough also if it increases soon. In addition, there is no constant value of everything for whatever circumstance, even in all businesses there is rising and falling of its value. Therefore, trading is unpredictable job.
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Potato Chips
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July 10, 2017, 04:38:39 PM |
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yes is u predictable job I'm also lossing money in trading because I'm buy coins in the pumping momentum . I suggest the good time to buy coins is in lower price
Yes, but becareful with the price of coins is in lower price because it can be more more lower price, so actually we must know about the trend of price, the good time to buy altcoins is when started sideaway (stable) or wait until there are sign on your indicators to buy the coins and it needs skill of analisys technical for makes prediction the price. Just make it very simple, if you have bought a coin and the price continue to go down all you need is to have patience and wait for it until it rises again. It's not hard to understand how to make money in trading but not only that you are smart mentality but you also have to be strong emotionally. Since many alt fail, that strategy will lost you a lot of money ! I'd say the opposite strategy is required, define a stop loss limit and keep to it. I doubt that you really trade altcoin because if you, you will not chase the market when it's going up. Altcoins don't just die everyday. Maybe coins that aren't known at all. But major coins like ETH, and LTC will surely go back up when the price went down. Ups and downs in prices are very natural to trading.. In a matter of fact, if there are no ups and down, there is no way for a day trade to do the trading. That is why we should always embrace the ups and downs as part of our trade because without them, we won't have short term eaning profits. Perhaps, it will be like that. Trading is sometimes fun despite the product that you are introducing. On the contrary, there are weaknesses on trading especially when it comes to value of bitcoin that has falling point. Lucky enough also if it increases soon. In addition, there is no constant value of everything for whatever circumstance, even in all businesses there is rising and falling of its value. Therefore, trading is unpredictable job. the falling point of bitcoins price is not necessarily a weakness. i believe it is subjective on the eye of the beholder as it can also be a strength e.g. you can buy bitcoin at a lower price. if there is a weakness in trading then its on the traders or the trading platforms. i think the idea of trading is already great enough. trading is unpredictable thats why traders are basing their predictions to facts, patterns, news or whatever information to get close to accurate. i'm sure not all of them guesses wrong as it already happened to me.
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Darknight31
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July 10, 2017, 10:23:02 PM |
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yup it is unpredictable if you are not aware on what particular market or product that you are in with, especially if you are talking about bitcoin or alt coin market it is hard to know which coin will go up and down but you are correct with all the things that you said those things are the basic that you need, the main thing for me is the decision making avoiding to put your emotion with regarding the trade for me it is very important.
Predicting something will go up when prices are falling can cripple a trader's finances, especially since we can't know for sure how the market will react to further news or information that may become available. We can really say that trading is an unpredictable job where it makes the traders heart to pound because of the chills the trading brings to them. Uncertain feelings to be felt when observing the price. Because the price is also unpredictable sometimes it's that high sometimes it goes really that down.
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Potchi
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July 10, 2017, 10:25:44 PM |
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yes i do agree with you because 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
Trading is an unpredictable job, the one who made this forum maybe has been experiencing this kind of things where trading makes their heart pound, and giving them chills because of observing the price. It goes up , way up and suddenly goes down, very low. And it's a hassle feeling for traders.
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8Habits
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July 10, 2017, 11:39:37 PM |
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yes i do agree with you because 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
Trading is an unpredictable job, the one who made this forum maybe has been experiencing this kind of things where trading makes their heart pound, and giving them chills because of observing the price. It goes up , way up and suddenly goes down, very low. And it's a hassle feeling for traders. That emotion is our primary goal to master. Mastering or controlling our emotions in trading and in any form of investment is what we need to master first because our emotions are always looking for the comfort zone and when we are doing something extraordinary and see some spike of unwanted results, we tend to get so uncomfortable and make some bad decisions.
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deddod
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July 11, 2017, 03:28:41 AM |
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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?
Good opinion! Additional: Courage to start trading | Will be futile if you have 3 points above without any courage to start.
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Natalim
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July 11, 2017, 04:41:15 AM |
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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?
Good opinion! Additional: Courage to start trading | Will be futile if you have 3 points above without any courage to start. All that is written are necessary and they should work together because any factor missing on the list will still result a failure in trading. This is not like a game therefore it should be taken seriously like a regular job.
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