lost and struggle of trading.

[TaKlarPH]

•Is trading hard?
I want it to come from the people who actually trade who experience trading I myself just read from goggle and some websites. Please do share some experiences and lost of money and earnings.
What do you called this? struggles yeah thats its struggle of traders.

[DaMut]

of course trading is very hard,
because you need something called 'Skills','Balls', and 'Fortunes'
you need skill to predict the market,will it go up or go down.
do not randomly predict about market price,because if you're randomly predict the market you will get burned so badly.
make some sketch for every movement and make some preparation for you to buy or to sell.

after create a sketch and predicting the market,buy it or sell it.
you're afraid because of it,that is why you need it ['Balls'],do not ever let your emotion take control.
just stick to your plan and strategy,

after do it,lets hope that everything that you made will bear the fruit.
many people called it 'Fortunes'.

Note : To become an expert you need to falls multiple times,because you need to know and you need to feel it.
don't ever give up and always learn from your mistakes.

i had been burned a ton of my money just only want to know how it works

[rezurect]

Look at all the stories on bitcointalk, people gaining/losing money left and right..so yeah trading is hard lol.

[NS-Soul]

Is trading hard?
I want it to come from the people who actually trade who experience trading I myself just read from goggle and some websites. Please do share some experiences and lost of money and earnings.
What do you called this? struggles yeah thats its struggle of traders.

I dont call it as a struggle, struggle is something that we cant change in a situatio. Trading is a challenge and its not easy.
Experience at first of course i loss more than 100% of my profit and money comes from my wallet but i keep it learning in despite of that bad experience and now i will say that i am start recovering having a good trades and even a small profit its a profit than to lose.

[CoinCollector006]

Look at all the stories on bitcointalk, people gaining/losing money left and right..so yeah trading is hard lol.

Indeed, trading is not easy.

1. First make sure you have a plan and business model that will allow you tol extract profits. Many people come into cypto and just randmoly with purpose or long term thinking guiding their overall decisions. There are several ways legitimate

a. own franchise coins and hold them long term through periods of volatility: BTC, ETH, XMR
b. act as a market maker and earn the bid ask spread, your trades are mostly short term
c. become an expert in 3-5 coins and swing trade small moves

2. There are lots of stories of traders that can guide you. A few articles are attached to help you climb the learning curve. Key ideas from these articles are to control your emotions and make sure you avoid the urge to jump into coins during massive pumps. They often mean revert just when you buy and feel a continued rise is a sure thing.

https://medium.com/@nellsonx/how-to-properly-invest-in-bitcoin-blockchain-and-other-cryptocurrencies-in-2017-32d59e2ff435
https://www.weusecoins.com/bitcoin-trading/
https://steemit.com/bitcoin/@maxmonroe/top-10-tips-for-new-crypto-traders

3. When you are buying make sure you analyze carefully the reasons why the coin is an opportunity. Does the colin have some competitive advantage? Or are you buying merely because of a chart or emotionally driven hype ?

Best of luck to you!

[SamReomo]

Trading is actually not so hard but some what complicated for newbies. As a professional level of skill trading requires a lot of hard work and patience to learn. If you trade just by believing that you're lucky enough to win then that is not a true statement. There are some strategies but they won't help you. You will need to be very well experienced to get some good profits.

Begin your trading with demo account or paper trading for 1-4 months and then you should go with small investments after that if you go better then continue increasing the investment.

[omonuyak]

Is trading hard?
I want it to come from the people who actually trade who experience trading I myself just read from goggle and some websites. Please do share some experiences and lost of money and earnings.
What do you called this? struggles yeah thats its struggle of traders.

Trading is not hard but making money through trading is very hard. You should also have it at the back of your mind that trading is a game of skills and professionality and you should not jump into it without adequate knowledge on how things work. I have lose alot of money through forex and binary option trading and to make money on them I see how hard it is. But now I am making money in bitcoin and cryptocurrency.

[iram1011]

Altcoin trading is a tough task because it is decentralised and hence is very uncertain, volatile and unpredictable. Since, it is not regulated, scams are way too common in trade. Pumps and dumps which is illegal in stock or forex trading is very much popular here and traps many investors. Also, the market is full of shit and dead coins. One need to be very cautious in choosing a coin. Market runs highly on speculation. Speculation is also prevelant in stock or share market, but the company behind particular stock is the major driver of the price. Altcoin are mainly decentralised, therefore, there isn't any solid mechanism that drives the price leaving some top coins.

[Kunlejoe0]

When it comes to trading. Your experience is your trading university. Thorough analysis of your short and long position will guide you in your subsequent trading.

[Noctifer]

I would suggest you try trading yourself. Just start with a small amount and see how it goes. You can start with as little as 50$. Play around, see if you make a profit. If you do manage to trade successfully for a few weeks, increase your investment, but not too much (if you have bills to pay, don't invest). There are many tips you can find online, but reading doesn't mean much unless you try it yourself.

[DenysM]

For me, trade is a permanent job. Work on yourself and your emotions. Until you ask your emotions and start making conclusions, there will be losses. I invest, and I will go to promising coins, in which I myself believe. Only after I see that this coin is worth a lot of money and a big team, only after that I invest. This will inevitably lead to growth and increase in its value. I was still just learning. Never buy with a big fall. Always buy coins when it shows growth. Sorry for my English

[Kemarit]

Is trading hard?
I want it to come from the people who actually trade who experience trading I myself just read from goggle and some websites. Please do share some experiences and lost of money and earnings.
What do you called this? struggles yeah thats its struggle of traders.

One way to find out is to really dig your hands on trading. I also started reading all about it here. But I just realized that no amount of reading will give me what I wanted until I truly do trading myself. So I started with few hundred USD as capital and started my journey. Its really difficult and a lot of challenges in the beginning for me, and of course losses at the side. But this kept me very positive because I know its just part of the game and lessons learned. So as I matured I learn a few tricks and tips for myself so that keeps me going as well.

Good to read about it in the beginning, but if you really want to apply what you have read I advise you to go into trading right away with small capital and play around with it and see how it goes for you.

[peter0425]

Trading is actually not so hard but some what complicated for newbies. As a professional level of skill trading requires a lot of hard work and patience to learn. If you trade just by believing that you're lucky enough to win then that is not a true statement. There are some strategies but they won't help you. You will need to be very well experienced to get some good profits.

Begin your trading with demo account or paper trading for 1-4 months and then you should go with small investments after that if you go better then continue increasing the investment.

Yeah I agree, a demo account will help you a lot in the beginning and at least give you confidence on how to begin with and practice trading. Then as you gain confidence, try to start with small capital and see how it pans out for you. Of course by now you have read a lot of books and its time to apply it in the real world. Don't be afraid of losses, what matters most is how to get back and just consider it as a lesson for you and not make the same mistakes again. You will struggle at the beginning but will eventually overcome it.

[dothebeats]

Trading isn't really that hard if you know the basic thought of buying low and selling high. What's hard is being patient on your position and when to execute a trade. Been there done that. Because of impatience I lost 20% of my bankroll in just 1 go and that was trading Zcash which simply sucks.

[aishyoo17]

Is trading hard?
I want it to come from the people who actually trade who experience trading I myself just read from goggle and some websites. Please do share some experiences and lost of money and earnings.
What do you called this? struggles yeah thats its struggle of traders.

Yes trading is very hard and you will not learn trading overnight. Its a constant learning and you will not have profit all the time. Most traders had big loses before gaining so do not expect that if you will be in this field you will instantly get rich but with hard work and patience you will be successful in trading.

[cryptocrusher]

Trading isn't really that hard if you know the basic thought of buying low and selling high. What's hard is being patient on your position and when to execute a trade. Been there done that. Because of impatience I lost 20% of my bankroll in just 1 go and that was trading Zcash which simply sucks.

I can't stress this enough. Patience is the number one skill needed to trade effectively. Note how I called patience a skill, patience is more than just waiting, it is knowing when to wait and having the composure to think clearly under intense pressure instead of panicking. Many times you will place a trade and it will go wrong, that is a part of trading but another key thing to understand is that saving on money lost is the same as gaining in the long term. If you lose only 2% instead of 5% because you are patient and have clarity of thought you have just saved yourself 3%.

[Dudeperfect]

We have lots of stories here on Bitcointalk about profits and losses in trading but I think it is something that one should learn and understand by actually doing it. Practical knowledge is the best way to understand the trading process.

I can advise it from my own experience that never follow anyone's advice blindly. I used to invest based on the opinions of the others (mostly advises from exchange trollbox) and lost 100% of the capital multiple times so do your own research before taking any financial decision.

[Idrisu]

To predict the market accurately is very hard and many up to 95% of them lose money in trading and only 5% really make profit from trading. Though you can train yourself through practicing and demo trading to be among the 5% who really make money. Panic is your number one enemy as all trading decision are wrong but those that are really predicting to be right are the patient and understandable one. Those that are ready to hold even if the market is going against their position from the beginning. Many traders who lose so much money only sell at the wrong time! There was a saying in forex trading cycle that said " all trading decision are wrong  only the market decision is right" follow this reality and you will not get your fingers burn.

[ahmia39]

When i became beginner in crypto trading, i often suffered losses and losses until finally i decided to rest for a week, to ponder and look for the error that kept me losing money. Finally i catch a clear, decision on a short analysis that is also influenced by emotional factors and profit targets that are too high.

Since then, i have set small profit target but consistent and no hurry to do selling or buying. So, my bitcoin slowly increases even more than initial amount i invested.

[Emilyearl]

Trading is fun only when you understand the game. First and foremost you need to understand the basics of trading and some technical analysis too. You need to be able to do research and keep up with news in the market. It can also get complicated sometimes when you miss a vital opportunity.