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Author Topic: Focus on the trading process not the money  (Read 1600 times)
Sled
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May 04, 2017, 02:35:03 AM
 #21

In trading our target will always be money, but to get profit we need to understand and learn the trading process and all the factor that can affect the price, by learning the trading process we will easier to get profit, so it is really important for beginners and even the professional to keep on learning the trading process
Nothing is wrong with learning more and more, only our skills get developed in the particular sector as well have a better ideas to implement on times of unexpected market changes. As quoted learning the trading process is a must, because every user believe it's just buy low and sell high. This is not possible with bitcoin all the time, so we need to know in such situation how profit margin need to be placed and profited.
That is the complexity of the trade and that for this you need to have a lot of knowledge and this is not the last condition. This knowledge still needs to be able to apply in practice. If the whole thing was only in the process of trading, long no one would be interested.
Yes knowledge is one of the must have thing when doing trading because if the trader is lacking of knowledge then he is more prone or vulnerable for losses. In the process of trading that is where we get knowledge because in the process of trading we can't avoid or prevent losses and when we encounter losses then we will learn to be more careful and do better decisions.
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May 04, 2017, 12:35:02 PM
 #22

Newbie traders always looking for more profit, focus on how to get at least their capital return.
But, Op has mentioned how trading could consider as mind-game playing probabilities, strategy and risk management.
But, strategy for newbies seems like a false promise without any explanation and evidence. However, experiences will teach you how to make profit from doing trading, it's a game of loss and profit at the right time.
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May 05, 2017, 04:39:46 AM
 #23

Newbie traders always looking for more profit, focus on how to get at least their capital return.
But, Op has mentioned how trading could consider as mind-game playing probabilities, strategy and risk management.
But, strategy for newbies seems like a false promise without any explanation and evidence. However, experiences will teach you how to make profit from doing trading, it's a game of loss and profit at the right time.
Trading on the stock exchange is not an easy business, but at the same time beginners start a location that they should be doing. Apparently therefore there are so many failed projects.
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May 05, 2017, 04:56:19 PM
 #24

Successful trader do not focus on profits from beginning but after trading become part of them. If you have being following trade thus you will find out that trading both in bitcoin, altcoins and forex take a lot of diligent, hard work, commitment and intelligent. No one has ever predict assets prices movement consistently but a lot of both loss and profit for you to really succeed in the long run.
I agree with you . All things must have a process and experience. With added intelligence then we can take a chance in trading.
Money is not everything, but with money we can be happy. Trading is one way to get happiness.
Indeed. Trading requires knowledge about the overall process of its cycle. And to be able to have the idea on how to use it in practice or actual doings. That's the sad thing about people nowadays that they really think money is everything, yes somehow it is because it's what you use to buy what you need but ofcourse you need to know how to be able to produce money and being smart and having ideas about trading could be one way to earn it.
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May 05, 2017, 06:58:57 PM
 #25

Trading requires knowledge about the overall process of its cycle. And to be able to have the idea on how to use it in practice or actual doings.
To get good results from trading, we must have enough skill to trade profitably. People who are jumping into trading without getting ready themselves finding hard time to protect their capital. But in my experience I'm not finding learning trading is not hard hence protecting capital and making profits also is not hard.

That's the sad thing about people nowadays that they really think money is everything, yes somehow it is because it's what you use to buy what you need but ofcourse you need to know how to be able to produce money and being smart and having ideas about trading could be one way to earn it.
But no one could ignore that aiming for making money will be the wonderful driving force for people working hard. Without are getting making fortunes, no one will be ready to take stress for any kind of work hence for trading too.

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May 06, 2017, 09:54:44 AM
 #26

Newbie traders always looking for more profit, focus on how to get at least their capital return.
But, Op has mentioned how trading could consider as mind-game playing probabilities, strategy and risk management.
But, strategy for newbies seems like a false promise without any explanation and evidence. However, experiences will teach you how to make profit from doing trading, it's a game of loss and profit at the right time.
Trading on the stock exchange is not an easy business, but at the same time beginners start a location that they should be doing. Apparently therefore there are so many failed projects.

I couldn't agree more. with all the things that you have to consider to making a good trade, of course there will be a stage where you will be making the most mistakes and that is when you're just starting to trade. that's why when you're at this stage, its advisable to start with small capital just to get the feel of the process. don't think about the earnings yet because that will come in time when you're already knowledgeable

 
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May 06, 2017, 04:24:55 PM
 #27

Successful trader do not focus on profits from beginning but after trading become part of them. If you have being following trade thus you will find out that trading both in bitcoin, altcoins and forex take a lot of diligent, hard work, commitment and intelligent. No one has ever predict assets prices movement consistently but a lot of both loss and profit for you to really succeed in the long run.
Well said. It is good for others to learn to appreciate the value of hard work and strategy when it comes on earning bitcoin especially on trading. Because through this you can manage to focus on handling your trading in a good  and wider scale. If you are going to trade, you will need to be open on waiting for a better decision making whether to hold or to sell. You will also need to monitor the price so you can know if its better to hold or sell. That it and give your dedication and do your best for a better trading.
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May 06, 2017, 08:57:31 PM
 #28

Successful trader do not focus on profits from beginning but after trading become part of them. If you have being following trade thus you will find out that trading both in bitcoin, altcoins and forex take a lot of diligent, hard work, commitment and intelligent. No one has ever predict assets prices movement consistently but a lot of both loss and profit for you to really succeed in the long run.
Well said. It is good for others to learn to appreciate the value of hard work and strategy when it comes on earning bitcoin especially on trading. Because through this you can manage to focus on handling your trading in a good  and wider scale. If you are going to trade, you will need to be open on waiting for a better decision making whether to hold or to sell. You will also need to monitor the price so you can know if its better to hold or sell. That it and give your dedication and do your best for a better trading.
While finding difficulties in trading, I guess all the traders will be learning all these over time. Because they will be needing to focus on analysis rather than just dreaming about how much they will be making from trading. Trading without reasons will never find good results and finding reasons will be possible when we are caring about how to trade properly.
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May 07, 2017, 02:53:17 AM
 #29

It is very well pointed out that if one understand the nuances of trading and can predict the future through charts, knowledge, economics , various global factors that could affect the trading of anything will actually help you automatically earn money.

Once you master the process of doing it money will follow.

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sotoshihero
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May 07, 2017, 04:44:54 AM
 #30

It is very well pointed out that if one understand the nuances of trading and can predict the future through charts, knowledge, economics , various global factors that could affect the trading of anything will actually help you automatically earn money.

Once you master the process of doing it money will follow.

I think you just familiarized  and be updated always with this market movement. This will aid you in making decisions whether to buy or sell. Being updated and knowledgeable where the market is going, then its a time that you'll be raking more money coming in.
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May 07, 2017, 09:39:35 AM
 #31

Successful trader do not focus on profits from beginning but after trading become part of them. If you have being following trade thus you will find out that trading both in bitcoin, altcoins and forex take a lot of diligent, hard work, commitment and intelligent. No one has ever predict assets prices movement consistently but a lot of both loss and profit for you to really succeed in the long run.

That usually works but in the alt-coin market new ground seems to be breaking on alt-coins across the board that are inconsistent with previous historical patterns so it is also important to try and be cautious when it hits new peak prices. The question really is trying to keep your margin stable to cover until it crashes if you short or when to cut losses if needed on long positions it's an interesting time now though for trading.

Believing in Bitcoins and it's ability to change the world
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May 13, 2017, 12:22:42 AM
 #32

Successful trader do not focus on profits from beginning but after trading become part of them. If you have being following trade thus you will find out that trading both in bitcoin, altcoins and forex take a lot of diligent, hard work, commitment and intelligent. No one has ever predict assets prices movement consistently but a lot of both loss and profit for you to really succeed in the long run.
Yeah, a good trader depends there successful in their profit and that the reason why we need to focus on the flow of bitcoin market which is the process. It will be the guide for every trader to avoid mistakes for the successful. Every process or steps for trading is every important if we miss one of them it cause problem but we can make a solution, it will result to slow progress.

Like an algorithm, the procedures are needed to be properly executed to avoid failure.

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May 13, 2017, 01:08:41 AM
 #33

Simply because as we trade from time to time is an expansion of your effort.
As we work harder and having an effort and focus on what you do surely you gain much.
If you do your work seriously money will follow.
If you seek your work as a priority.I beleive that money will over take me.
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May 13, 2017, 03:01:28 AM
 #34

Simply because as we trade from time to time is an expansion of your effort.
As we work harder and having an effort and focus on what you do surely you gain much.
If you do your work seriously money will follow.
If you seek your work as a priority.I beleive that money will over take me.
Yes i agree with that, work hard and just focus to the task or work that you are doing and keep improving yourself to make the best out of it and if you do that constantly then you will surely earn the money because it is like having a passion which you give all your best and focusing on the process instead of money will give you the best income.
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May 13, 2017, 02:41:35 PM
 #35

Newbie traders always looking for more profit, focus on how to get at least their capital return.
But, Op has mentioned how trading could consider as mind-game playing probabilities, strategy and risk management.
But, strategy for newbies seems like a false promise without any explanation and evidence. However, experiences will teach you how to make profit from doing trading, it's a game of loss and profit at the right time.

Not just a beginner, sometimes I am more concerned with results than processes, more concerned about money than how I trade well for good results. It's because we can not manage emotions, trade is a thing that requires patience, because a good process will lead to good results. If you more care with money, maybe you'll be easier to make mistakes because you do not think about strategy during trading process, ..
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