A trader's heart

[anhchangdeptrai13]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

[1715604894]

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[1715604894]

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[Ararbermas]

Yes trading is like a gambling which is so risky but the advantages on doing trading is even its so risky you can obtain high profits on it as well ( using your knowledge or strategies) , that's why i believe being lacks in trading is not good, which is much better to gain some information first to prevent mistakes and learn some ( TA ) technical analysis to able to get the right time to sell or buy especially if the market always fluctuate.  'cause that is the most important "knowledge " to comfort our emotions when there's a worst situation and to reduce risky situation.  

[MedicineVNT]

the heart of the trader they always want to have successful transactions as well as they do not want to make mistakes and things we do not like they like the truth and success it a trader s heart

[herfie.chen]

I am not a trader but I learned and tried to become a trader, try as it is felt as a trader and today I bought some coin when the market is falling and hope will make a profit.

[Slow death]

how to control your emotions.

on this point, I believe that the deciding factor is the provenance of the money that you invested. I will explain better. Imagine that a millionaire takes $100,000 and buys bitcoin for $ 19,000. The millionaire did his research before investing and realized a potential in bitcoin and for that reason he invested $100,000 in bitcoin. so after a while the price of bitcoin drops to $6000. The millionaire will not panic and sell his bitcoin with losses. Because the millionaire has many sources of income, he has several investments so he does not get pressured every time the price of bitcoin falls. Now let's give an example of another person, we will give example of someone who saw in the newspapers that bitcoin has a great potential to increase 3x or even 9x of its present price of  $19000 at the time that person is seeing such newspaper. so that person decided to make a loan of $ 100,000 to buy bitcoin because he believes that bitcoin can increase 3x or even 9x. this person who borrowed will not leave the screen of your computer to follow the price of bitcoin and every time the price of bitcoin fall that person becomes desperate and when the price falls to levels of  $6000 the despair of that person increases.

take profit at 5-10% point.

just go to the altcoins section to realize that people invest to get profits of more than 2x.

[Zandra]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

Why I join in crypto trading? Of course to gain a lot of profits, it's too risky but you need to take the risks to reach your goal. Before entering in crypto trading of course you need to know on how it works, learn about it to become a successful trader.

[karungbitcoin]

Yes i always make the same mistake everytimes in trading, that is greedy, not patient and also out from the strategies that already i made before. Its hard to be dicipline trader , but i still continue and try to learn this my mistake and i believe later i can manage it. Become a professional trader not possible in short times but need long times and could be a years.

[alfs75]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

Definetly this is a good thoughts of ideas in sharing ways in how to become a good traders in this cryptocurrency worlds,thats being a noob into this industry is first thing doing is to learn the technical analysis in the market,totally to telling the thruth im not much expert in terms of trading,thats why i appreciatte that i've learned something of what you shared in this forum group of community.

[Ronaldcoin2017]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

Definetly this is a good thoughts of ideas in sharing ways in how to become a good traders in this cryptocurrency worlds,thats being a noob into this industry is first thing doing is to learn the technical analysis in the market,totally to telling the thruth im not much expert in terms of trading,thats why i appreciatte that i've learned something of what you shared in this forum group of community.

Yes learning is really the most important thing in the crypto feild. Specially during the time when we are going to trade we need to make sense of it. Learning can really help us gain a huge amount of profit and prevent some loss in the near future. I think we only need to have more patience regarding on its price for good.

[Nerman]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

I Agree being disciplined is always on play, when trading there is no way you will survive this market if you are undisciplined and emotional. Following your stop loss and your target price is a must. There is nothing wrong being emotional but in trading it is a big no because if you become emotional you will be illogical and more likely you will panic buy or panic sell.

[voztata]

the heart of the trader they always want to have successful transactions as well as they do not want to make mistakes and things we do not like they like the truth and success it a trader s heart

A trader always wants to maximize their utility by earning the easy money. This is only possible if the market is favorable and if their game in the crypto market is extraordinary. In my opinion, irrespective of the current risk, a trader would invest if he sees the future profit in the crypto.

Some people say that investing in the new [projects is a risky thing but those who take the risk are actually the people who take the lead.

[hurry_hore]

There is another important thing to be considered beside analysis either technical or fundamental, it is risk management. I've found a posting related to this risk management which IMO is good for trader to help controlling emotional aspect. Here is the link: https://bitcointalk.org/index.php?topic=4546469.0

[yesyes18]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

Definitely true. Trading starts with learning. You learn about a lot of market fundamentals and then follow suit. Also profit making shoud be disciplined. Being greedy might end the trader bad. Take out small profits by setting targets for profits

[Ramtapsbtc]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

One of the important rule in trading is dont allow your emotions to overtake you, successful trading is always based on cold premeditation, risk management and careful analysis, to achieved significant results have your own trading strategy.

[Ctn]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

When trading all I know is that I am already putting my money at risk which may get best ROI possible along with some profit slots. I only keep it positive always and think about it in winning situation only. If there is no way to win then I dont enter that particular market because if im not confident enough then I never jump into that market again ever. I choose wisely, I dont play greedy games, and I completely control my emotions during the trading. Thats the best way to go around this matter of trading. Thats my heart and thats how it works with trading. 

[fabskie21]

As a trader you should always consider all possibilities and be ready to take the risks of downfalls. It is normal even in business.  You gotta have that positive mindset and dont let emotions drive you.

[Pursuer]

take profit at 5-10% point.

just go to the altcoins section to realize that people invest to get profits of more than 2x.

setting a fixed amount of profit for taking and sticking to that only is never a good idea in my experience. just like anything else in trading you have to have your profit dynamically and set it based on the situation. for example it depends on the altcoin itself. for  the big already pumped altcoins that are in bubbles you should set it to 5% or even 1% since their rises aren't going to be big anyways. but for a smaller altcoin that can get pumped 10000% you should also set your profit higher than just 5% but lower than 10000% so that you don't get greedy and lose sight.
it also depends on the market situation. for instance when some shitcoin is already getting dumped (like ETH current situation) you shouldn't expect a big profit on a dumping market. what you have is dead cat bounce so you set your profit to a lower amount and the time to a short time since the dead cat bounce never lasts long.

[TheUltraElite]

Definitely true. Trading starts with learning. You learn about a lot of market fundamentals and then follow suit. Also profit making shoud be disciplined.

Trading start with analysing the market and watching the market movements. These observations form the basis of your future judgement. It is not a simple task to learn about market fundamentals and "follow suit" like you say. It needs practice and without having a capital to invest in it is difficult for noobs to begin trading.

Being greedy might end the trader bad. Take out small profits by setting targets for profits

You can stop padding your posts like this. The pathetic attempt at shitposting is obvious.

As a trader you should always consider all possibilities and be ready to take the risks of downfalls. It is normal even in business.  You gotta have that positive mindset and dont let emotions drive you.

Isnt that true for any risk vs reward scheme?

[itscomplicated]

Me myself am not a risk taker, the lesser the risk the better the entry.
***Also, study the other types of market analysis

[Indrawan77]

Yeah when you are in the process of learning there will be  alot of temptations to make more profit and ignore all the technical analysis, and sometimes you underestimate the unpredictable market so not putting any stop loss, I think all of that is a common thing, most of the traders ever make that mistakes, learning from mistake is the best way to become a better trader

[Thanasis]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

In trading we can't maintain a perfect strategy it will change according to the market condition.yes it is like gambling but not completely here we need to have skills as well to become successful.And then don't be too greedy accept that what you made from your investment and look further for the future trades.

[Jericka D Ranillo]

Trading can consider as gambling, you might win or lose but the bug different is you dont have enemy to deal with. Only just your decision whether you sell or hold. Loss is depend on what you had been decided. Gambling for the future profit not a illegal gambling have a big amount of bet for each user.

[KorakPawon]

do not forget also in the trade apart from always learning, discipline it is also very important that must have double capital, because the name of the trade there are times when prices soared down, there is a profit there is a loss it must be considered.

[Sony.UK]

Trading can consider as gambling, you might win or lose but the bug different is you dont have enemy to deal with. Only just your decision whether you sell or hold. Loss is depend on what you had been decided. Gambling for the future profit not a illegal gambling have a big amount of bet for each user.

How you consider in gambling, Trading is a reliable investment so we know they will play in market but gambling is totally different because we should invest our money then we cannot predict how it will move in future. So betting is totally different from this platform but only comparison is both are risky platform.

[Wyne]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

You are right! Trading is like a gambling.  This is because you will never know what will be the end of your trade but its worth all the risk once you start earning.  Lossing might destroy trader's heart but when you learn to deal with it, it will not gonna stop you to engage once again on it.  I start joining trading because when every crypto are red, the best way to earn is through trading.  Yes, it is risky but risk is part of the whole picture in trading.

[Ryker1]

Yeah when you are in the process of learning there will be  alot of temptations to make more profit and ignore all the technical analysis, and sometimes you underestimate the unpredictable market so not putting any stop loss, I think all of that is a common thing, most of the traders ever make that mistakes, learning from mistake is the best way to become a better trader

I agree, a lot of traders experienced it too, especially the new ones. When we started learning crypto, temptations come, it's inevitable, especially if you're blinded by thinking that you'll always get a profit in crypto, or you'll always earn a lot. You'll raise the money that you invest and trade it, you'll get blinded and you'll ignore the methods that you used when you started learning. I agree that it is a common thing, you'll learn and get tempted, you'll lose and you'll learn. Experience always come from mistakes.

[bluemoon84]

As a trader you should always consider all possibilities and be ready to take the risks of downfalls.You gotta have that positive mindset and dont let emotions drive you.Me myself am not a risk taker, the lesser the risk the better the entry.
***Also, study the other types of market analysis.

[Crypto_Spike_Factor]

As a trader, it is vital to calculate risk. By doing so. You will be able to hinder losses in the market. This will lead you towards a better analysis of the trend that is circulating the trading space. Also, look into deep in every aspect of the pie so that you can contribute to the profits of your own investment. Not to mention, control your emotion as it is an important aspect to be a great trader.

[Potatohead]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

As a trader, I always make sure that I'm always in the right track and that I am always doing the right things right. I know that trading is like a wild guess and that through it, we would be able to have a good gainm having the passion for what we are doing is an advabtage for we would be able to value our earnings.

[Reid]

Right.
It happens even with the most disciplined person.
There are a lot to consider on why you could start risking more.
One is the hype. If people are trying to get more of the token that you are trading then you tend to HODL for a bit just to see where it could go. Will it be on demand and take a leap of price. The risk there is the after HODL. You tend to get attached to the project of the token and once again wait for another hype to come bringing more demand.

Hard to control that kind of emotion.

[tanjilrifat]

If people are trying to get more of the token that you are trading then you tend to HODL for a bit just to see where it could go.This will lead you towards a better analysis of the trend that is circulating the trading space.

[carlfebz2]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

There would be always a time on these kind of mindset or emotion do comeout. When we are not already following up our own traditional disciplined trading style when we do see some opportunity it cant be avoided to put up on our minds on increasing the stake or the risk you would put in and this would be like sort of gambling. It isnt bad if it would have still some basis as long you do know the consequences then i dont see anything wrong about it but if you do risk up without any basis then you are basically doing such thing.

[mey466]

indeed this high risk in the name of hard work all the risk of defeat must be everyone has experienced it struggling with their own way and away from adverse sales better wait until profit comes

[domasal]

A successful trader will use his head rather than his heart. It's easy to get emotional when doing trades and it will usually lead to mistakes. Always stay focused to minimise your losses

[dev9t9ok]

One of the the toughest thing of being a trader is patience and emotional control because it is really very difficult to be patient when trading on market. It happens especially brightly when a trader make excellent decision but market goes in the other direction and less traders can acknowledge their mistake and close their position. Much more traders feel themselves captive and cannot cut losses immediately.

[wuvdoll]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

In trading we can't maintain a perfect strategy it will change according to the market condition.yes it is like gambling but not completely here we need to have skills as well to become successful.And then don't be too greedy accept that what you made from your investment and look further for the future trades.

Not at all. As a trader, you must always be ready to make use of different strategies to consider the possibility of a market movement and be able to use that to your advantage. You have to always be smart to adapt quickly to a market at any point in time which is what makes a professional trader different from a newbie trader.

It is a lot of risk, but with great knowledge, trading is always a worthy one against taking risks since you will be making a lot from it. But this does not mean we may go blind with trading which may bring heart attacks. With knowledge means, we must do it in a systemic way in more particularly in a systematic plans.

[gantez]

But have you ever forgot yourself?

Funny and yes, sometimes. This reminds me of my learning days, I did make certain mistakes and forgot my stop loss even when I have learnt to use them. That is why learning everything you have learnt is important.

[margert]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

I think that at this time we should only trade short term and should close trading day, the market is constantly fluctuating and unpredictable, bitcoin prices are constantly adjusting so you must be very careful when dealing.

I found that when trading you always have to observe bitcoin prices and always have specific measures to be able to handle bitcoin gas sharply.

[cydrix]

You should know not every trader has the same kind of thinking and mind. What varies for winners and losers in tradings are the attitude and patience. If you have the attitude to take care of great responsibilities you should've profited with ease or lose at ease or with low cost loss.

[naidray]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

You are right! Trading is like a gambling.  This is because you will never know what will be the end of your trade but its worth all the risk once you start earning.  Lossing might destroy trader's heart but when you learn to deal with it, it will not gonna stop you to engage once again on it.  I start joining trading because when every crypto are red, the best way to earn is through trading.  Yes, it is risky but risk is part of the whole picture in trading.

I understand pretty well a lot of people considering trading as gambling, and no one is far from the truth anyway. Gambling in the literal term is predicting an outcome of something in the future and expecting it to go in your favor. That is simply a good definition of what trading sounds like.

The good thing with trading is you can make use of some tools to your favor and see how you can use that to get a good grasp of the market to your advantage and in that way, the gambling risk is limited and you get to hit the professional level in that case.

[NicoRosberg]

Thanks for sharing

[pragna]

Yes yes. A traders heart must be always strong because trading is like a gambling. When a gambler play a game he must have to cunning into play and be patience at the last moment of that game. As well as a trader must have to be like a gambler. Be technical and never loose your heart. Someone may misguide you but you have to strong with your own mentality. When BTC price fall from $1900 to $6500 many are selling their btc/tokens as it will abolish recently. But i think those who hold their btc or coins very recently they will be big gainer.

[Cling18]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

I agree with you. Trading is really full of challenges and as we go through a lot here, we learn something and from our learning experience, we would be able to do better on our next experiences in trading. Trading is risky but if we're really willing to face all the risk, we could gain better.

[Kemarit]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

There's a thin line between trading and gambling. In trading you really need to focus and should not let that simple slip, otherwise you will really suffer the consequences. So you need a lot of discipline and mental toughness and not to be too greedy, otherwise you will fall in the gambling mindset and the last thing you know, you have lost everything including your capital. I know its really hard to control our emotions here, but if you can't then I guess you should really go on gambling and try your luck there.

[Nahl]

yes when you're buying the particular coins then the risk almost equal to gambling risk even more than that but i can accept that risk because i do realize about that even though possibly i will lost my money however indeed i was have experience when sometimes forget about the discipline and it makes me lost my money but i would not give up because i consider those situations as my good experience to learn

[carlfebz2]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

There's a thin line between trading and gambling. In trading you really need to focus and should not let that simple slip, otherwise you will really suffer the consequences. So you need a lot of discipline and mental toughness and not to be too greedy, otherwise you will fall in the gambling mindset and the last thing you know, you have lost everything including your capital. I know its really hard to control our emotions here, but if you can't then I guess you should really go on gambling and try your luck there.

Even you wont slip you would still face consequences or loss of money which this thing is always been a normal part of trading.Sometimes our emotions will  really lead up on how we do trade up and our actions is already based up on what is our emotion do tell us this is why self control would be always crucial when it comes to trading when you are acting up on not focusing anymore then most likely you are doing already a gambling thing.

[Joyawan13]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

being a trader should really be able to learn to analyze and be able to know and understand the movement of coins in the market, controlling that emotion is very difficult to do by the traders, and it should be done, if we play the margin is almost like the same as we play gambling, but I will not enter the margin anymore because there I've had a bad experience, and I do not want to repeat it again.

[SoloMoney]

No, traders join the cryptocurrency trading as it is a new area of investment, where you can make good money, as well as support the technology in development.

[Reid]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

You are right! Trading is like a gambling.  This is because you will never know what will be the end of your trade but its worth all the risk once you start earning.  Lossing might destroy trader's heart but when you learn to deal with it, it will not gonna stop you to engage once again on it.  I start joining trading because when every crypto are red, the best way to earn is through trading.  Yes, it is risky but risk is part of the whole picture in trading.

I understand pretty well a lot of people considering trading as gambling, and no one is far from the truth anyway. Gambling in the literal term is predicting an outcome of something in the future and expecting it to go in your favor. That is simply a good definition of what trading sounds like.

The good thing with trading is you can make use of some tools to your favor and see how you can use that to get a good grasp of the market to your advantage and in that way, the gambling risk is limited and you get to hit the professional level in that case.

I agree with some parts of it.
But it is still way better with trading. Here you have a fallback. You can pull your tokens whenever you feel the market is going down unlike with gambling where you bet it you lose and there is no going back. What you bet is what you lose or win.
It is like there is a stopper with trading. There could be doubts or a change of mind and you can jump into other token if you want to.

[kl8847]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

I am far not the first month here, but I am still afraid to go to the action of trading because I consider myself as not enough educated about the processes which take place on this market.

[TheUltraElite]

No, traders join the cryptocurrency trading as it is a new area of investment, where you can make good money,

This is a known fact and everyone investing in crypto is in it for the money. Every is attracted to the huge returns bitcoin has shown over from time to time and people want to get a hold of such returns. What is new in that?

as well as support the technology in development.

Investors are least bothered about the techonology. Like I said, they are in it for cash and once they get their cut they will be out and wont come back to that same coin because they are going to invest in some new coin.

[lablab03]

do not forget also in the trade apart from always learning, discipline it is also very important that must have double capital, because the name of the trade there are times when prices soared down, there is a profit there is a loss it must be considered.

yes 'cause doing trading is high risk but there is high profit as well unless if you know how to handle it or to manage any risky situation. So you should be smart and be strong especially if there is scenario happen because it's a big help to control your emotions , and always bear in mind giving up is the common reason why traders always regrets after. So build new strategy instead and let your knowledge handle it to achieve your goals.

[InvestICO2L]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

Definetly this is a good thoughts of ideas in sharing ways in how to become a good traders in this cryptocurrency worlds,thats being a noob into this industry is first thing doing is to learn the technical analysis in the market,totally to telling the thruth im not much expert in terms of trading,thats why i appreciatte that i've learned something of what you shared in this forum group of community.

Yes learning is really the most important thing in the crypto feild. Specially during the time when we are going to trade we need to make sense of it. Learning can really help us gain a huge amount of profit and prevent some loss in the near future. I think we only need to have more patience regarding on its price for good.

Exactly, learning is one of the most important way to get benefit in trading and also other fields in crypto market. We learn to get an intimate knowledge which help us to solve many problem in many case. If you don’t learn foremost, you hardly analyze the market efficiently. I kind of agree with you that in trading “ the high risk, the high benefit”, although I’m not sure whether others totally agree with this opinion, I still keep this opinion, because as my experience, I see this point clearly. In short, how much fruits  we can reap from trading in crypto market will absolutely depend on your strategy, if you have a good knowledge, good skill and also experience, don’t afraid of big risk, let face with it and you will gain a big.

[Joyawan13]

do not forget also in the trade apart from always learning, discipline it is also very important that must have double capital, because the name of the trade there are times when prices soared down, there is a profit there is a loss it must be considered.

yes 'cause doing trading is high risk but there is high profit as well unless if you know how to handle it or to manage any risky situation. So you should be smart and be strong especially if there is scenario happen because it's a big help to control your emotions , and always bear in mind giving up is the common reason why traders always regrets after. So build new strategy instead and let your knowledge handle it to achieve your goals.

all who want to trade crypto must be mentally prepared and ready to accept any risk that will be obtained, there is no merchant who never lost, and it should not be an excuse for you to give up, make it a lesson that you will never do for the second time, failure is the beginning of success for a trader, if we will continue to learn to overcome all that.

[rickadone]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

There's a thin line between trading and gambling. In trading you really need to focus and should not let that simple slip, otherwise you will really suffer the consequences. So you need a lot of discipline and mental toughness and not to be too greedy, otherwise you will fall in the gambling mindset and the last thing you know, you have lost everything including your capital. I know its really hard to control our emotions here, but if you can't then I guess you should really go on gambling and try your luck there.

A very thin line I must say! The thing is that trading in itself is predicting an outcome and expecting the outcome to be in your favor which is actually where the meaning of gambling comes in. However, the good thing here is that we can use some information through different form of analysis to predict these outcomes and hopefully we get to experience a positive one but not without still having a strategy to stop loss in case things go wrong.

All these makes it different from real gambling but makes it a profession but anyone without such knowledge to trade effectively is indeed a gambler when it comes to trading.

[gentlemand]

This is what a trader's heart should look like.



Having one of those crappy organic ones will wind up biting you on the botty eventually when you freak out.

[richardsNY]

all who want to trade crypto must be mentally prepared and ready to accept any risk that will be obtained, there is no merchant who never lost, and it should not be an excuse for you to give up, make it a lesson that you will never do for the second time, failure is the beginning of success for a trader, if we will continue to learn to overcome all that.

There is not much to learn when it comes to crypto markets, which explains why even the best traders burn themselves occasionally here. The more active retailers become, the less grip you have on this market, and we have seen it once again during the rally last year and the correction this year. Last year everyone was confident in calling the top, and every time they were proven wrong. In the same way people calling bottoms are proven wrong time on time again. The thing with people is that they are constantly trying to act all smart about this or that pump or dump, but it's always after the event took place, and never before.

[Rahar02]

Last year everyone was confident in calling the top, and every time they were proven wrong. In the same way people calling bottoms are proven wrong time on time again. The thing with people is that they are constantly trying to act all smart about this or that pump or dump, but it's always after the event took place, and never before.

One thing I've learned about crypto- especially bitcoin, even though it's a big market and millions of people involved, there are some people who have the power to drive the market by co-operating with other traders, some whales buy and sell bitcoin at one point to get profit which occasionally can influence people to panic buy or panic sell that cause snowball effect, then media and people who claim themselves expert in crypto will speculate and give the reason why this is happening, yes after the event took place. as for others who have stated bitcoin will reach $50K-$60K, they just waiting for it to happen and say; I have said so because the potential of bitcoin.

[kipo]

I think crypto provides us with a chance to get money and at the same time to be a gambler, take risks, get adrenaline. as for me, it is like this. I don't know how about you but for the most people it is like this I think

[iagyei259]

After mastering all this  a good trader will control his motions because not all your analysis will be right and most times your guesses might be wrong; that may be the stage your emotions will bail you out.

[airdrop21]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

STOP LOSS always always. Absolutely right.
Control emotions? LOL. Crypto already stole my emotions long ago. I dont feel excited neither upset when I make profits or lose money.

[Clark05]

I trade crytpcurrency because i can get more profit on this kind of investment. More people earning a lot of money because of trading if we compared gambling and trading . Trading is less risk compared to gambling who are very risky because high chance to lose your money.

[XbladedThanos]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

You are likely to loose yourself when trading sometimes especially when you decide to look at every frame in the picture learn to focus on one shade first and move slowly but no to slow should be fast-slow trader style

[Semaj123]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

I agree about the high risk and high profit because it involves huge amount of assets which if luckily successful, then it will be a have a better return. That's why those who are ristaker are mostly the one who gained a lot profit.

[hahahafr]

Well if you are just new it will take you a LONG time to realize how the market works and how to do not make the same mistakes over and over again, it all takes a huge amount of time to be a professional.

[TheUltraElite]

I trade crytpcurrency because i can get more profit on this kind of investment. More people earning a lot of money because of trading if we compared gambling and trading . Trading is less risk compared to gambling who are very risky because high chance to lose your money.

It seems you never actually tries trading with your own hands and commenting on things that you dont understand or even remotely have any experience of trying to increase your post count.

Gambling is based on probability and your luck. While in trading you experience is also important and your timing. Both are risky but they are not similar. In gambling if you lose money its gone forever. But in trading if you buy an altcoin, chances are it will go up in future at one time when you will be in profit if you sell.

[BabyBoss]

I am not gambler but through my experience in trading it is really like gambling. In order to not lose you should check always the chart in that way you will know when you can sell and when to buy. You must be patient on waiting especially when you sell it already but the price is still pumping you should wait on dump never think that it will never dump again, never buy higher than what price you sell your coins because it is very impossible that a coin will never dump again in 24hrs or in just 1 week, just wait and you can see. I already experience this. I already experience to lose because I am panicking that it will never dump again but I’m wrong. Now I already learned my mistakes. I sell my bankroll then get my profit then buy my bankroll again. Example, Like I have $1000 bankroll when price goes up I sell it at $1500 then I will buy at $1000 again I have $500 profit. Patience is a virtue.

[coffigayo]

I buy a certain coin then the risk is almost equal to gambling risk even more than that but I can accept that risk because I realize it even though I will lose my discipline experience and it makes me lose my money. I think cryptocurrancy gives us a chance to earn money and at the same time become a gambler, take risks, get adrenaline.

[Vimukkthi Vithanage]

According to my point of views " A trader's heart " is his decision making power and accuracy of the decision he/she make. 

[Roukawa]

A trader's heart is the decision of everyone depending upon his view to the market and how he feel with all of his investments. Maybe, we cannot blame anyone who sell their coin during dump because there are unusual activities and event that comes to everyone's life.

When it comes in trading, heart does not matter at all, what we need here is our intelligence. We should be depended on how our mind reacts to the market and not what our emotions dictate to us.

[gabmen]

According to my point of views " A trader's heart " is his decision making power and accuracy of the decision he/she make. 

Well it differs from one trader to another. So i say there's really no specific definition to it as people have different takes on what trading is, how they see trading and what their goals are.

[iknowitsme]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

And sometimes (not often, but sometimes) such decisions appear to be the best. Intuition and subconscious do all the job where the mind just isn't fast enough. Such moments worth more than just the profit. It's even more than just gambling because it's about analysis, not blind fortune

[pey]

If you just hold, you probably make more money than holding and trading together. Unless you are a bot emotions are always involved in trading more of it is bad for traders.

[market field]

Good investors are those who have a heart of stone. In order to survive in the financial market, in addition to having the knowledge you need to have the courage and perseverance to succeed in this market.

[Topaz72]

According to my point of views " A trader's heart " is his decision making power and accuracy of the decision he/she make. 

I think a good trader should not take decision using his heart because a heart gets worry faster than a brain so I think in trading feelings and emotions are not allow, but those who has a patient heart most of time they use to earn good money, I trader heart should be strong enough to face all kind of situations, if the price falls one should convince his heart that soon the price will be high, buy logically in trading it is good to use your brain instead of your heart.

[GreatOrchid]

If you are a really paranoic guy and you have anxiety and you can not wait for profits, then the best thing that you can do is just to stop trading and try to do other kind of stuff, there are a lot of activities in where you can earn money without having to risk your entire ass.

[bit-freedom]

From my point of view, control of emotion and hard work are most important for traders. There are lots of research and analysis to be done to do trading effectively.

[Cryptogid]

A traders heart is very large,they use large capital, and having a consciousness of making a profits, while killing greed,and exercises patients where necessary..

[Aleister Crowley]

So it takes a little effort to solve the knowledge in analyzing or reading a situation, nothing easy all that is related to money will be very risky,., but if dare take it will be a benefit there will be for you to be a little patient... because all of that in mind will not always run smoothly,, do not underestimate the emotions to trade because it is closely related to the psychological of a trader.,.

[jeronimosuykens]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

And sometimes (not often, but sometimes) such decisions appear to be the best. Intuition and subconscious do all the job where the mind just isn't fast enough. Such moments worth more than just the profit. It's even more than just gambling because it's about analysis, not blind fortune

Investors believe that the money you invest in and the market is great if you want to succeed because if you do not have big enough faith then when it moves you will be extremely difficult to overcome. I spent a lot of time navigating my way to investing in this market and long-term investment was my choice.

[fabrizoc]

Yeah exactly which is why there is trailing stop and stop loss. You can always go up as much as coins go up and you can go down as much as it goes down but at the end of the day when the trend stops and reverses you either buy or sell accordingly.

Its both dynamic enough to take pumps and sudden rises into calculation but also safe enough to foresee drops. Aside from that you can "hodl" as much as you want as long as you want.

[Malamok101]

A heart of a trader is to become a successful in trading but no one can say because all traders are involved in this and everything I know to be here is losing and winning so there is no heart disease when losing.

[metenjean]

Everything in life is gamble, its either you lose and work harder to gain some more or you win some and forgot how you achieve that success and become broke again.  And based on my experience, people tend to flock in something that can gave them easy money without much hard work and speculation is one of a trait that human can't get rid of and its getting difficult more if you got nothing to lose at the first place. 

[mabell943]

A trader’s heart is the one who can understand all phenomenon and will not easily give up
because they understand all things happens and have a long patience on that things.

[TheGreatPython]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

In trading we can't maintain a perfect strategy it will change according to the market condition.yes it is like gambling but not completely here we need to have skills as well to become successful.And then don't be too greedy accept that what you made from your investment and look further for the future trades.

This is so important for every trader to make its strategy flexible. Many times we don’t know the coming prices and plans of bitcoin. Although you have covered every possible left right with good risk management but still things are laws doubtful for you. So better is to work and construct a strategy that can be flexible and move accordingly. Things can divert from designated path.

[Haoque89]

Any job or field that needs such sincere heart to succeed you can have a heart of loyalty as well as positive in the job you will receive success as well as you will have the opportunity to promote money in the work

[Dudeperfect]

Any trade decision based on emotions might not give the expected returns but trade decision based on research, maths will have the highest probability of giving expected returns. Unfortunately, most of the newbies take decisions based on emotions are the decision of others. On the other hand, experienced investors take their investment decisions based on their experience so in order to make decisions one must be able to introspect and rectify his trading strategies and it is not always possible in emotional trading and hence it is never recommended.

[rexxarofmoknathal]

A trader's heart must not get in the way of trading. For safety measures, its best to do the research before taking a hasty decision which  may be regrettable in the future.

[maldini]

I think that's a natural thing for some traders, how not, they trade for the purpose of making a profit and when they get a profit they always want more and that's what I think is natural.
as a trader I usually manage emotions when trading so that when we lose we still have a chance to earn profits on another day.

[felicity06]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

Yes trading is a little bit gambling also because in trading we take a risk too much and we are hoping that soon we will get profit...  We are risking everything in trading...  As a trader the thing we should need to do is to maintain our emotions always... If you get panic easily you will never be a successful trader...

[miyaka26]

Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

Self-control and mind conditioning are always necessary before you plan to trade especially to the crypto market where anything can happen most likely if greediness strikes your trading play knowledge and experience was necessary but that is not always enough to lessen your capital loses, the risk is a much better term for that and that is the part of cryptocurrency.

[princebridge7]

the heart of a merchant is stronger than the heart of the person working in the office or being a worker in the factory.
because every coin bought and then the coin down then inevitably must be chest and wait for the coin to rise or stoploss to buy back at the price below.
a trader must be tough, strong and wise.

[danherbias07]

Any trade decision based on emotions might not give the expected returns but trade decision based on research, maths will have the highest probability of giving expected returns. Unfortunately, most of the newbies take decisions based on emotions are the decision of others. On the other hand, experienced investors take their investment decisions based on their experience so in order to make decisions one must be able to introspect and rectify his trading strategies and it is not always possible in emotional trading and hence it is never recommended.

Emotions and hype. I can see that a lot in telegram groups now since I have been busy using that application for work purposes.
Reading their comments it is like they are basing on how much people are voting one crypto and then they will go with the flow.
Sad but true.
Real ICO projects with product are being left aside. I have the rule to myself to not care because that is their money they are risking. But if this keeps going on then more legitimate project will just close down cause investors and traders who have money are busy going with the hype.

[mung_nasib]

Yes when someone starts to plunge into the world of cryptocurrency to invest the main process is learning to understand the price movements of a coin because to price changes that are difficult to predict the trader must be ready to accept any form of risk either small or big later.However,when they are able to hold the asset most likely the maximum profit can also occur.

[el kaka22]

Last year everyone was confident in calling the top, and every time they were proven wrong. In the same way people calling bottoms are proven wrong time on time again. The thing with people is that they are constantly trying to act all smart about this or that pump or dump, but it's always after the event took place, and never before.

One thing I've learned about crypto- especially bitcoin, even though it's a big market and millions of people involved, there are some people who have the power to drive the market by co-operating with other traders, some whales buy and sell bitcoin at one point to get profit which occasionally can influence people to panic buy or panic sell that cause snowball effect, then media and people who claim themselves expert in crypto will speculate and give the reason why this is happening, yes after the event took place. as for others who have stated bitcoin will reach $50K-$60K, they just waiting for it to happen and say; I have said so because the potential of bitcoin.

As far as I am concerned, every trader’s heart should be like a stone or a robot. Do not think, just act based on what you know and not what you feel it should be like. Once you have a strategy in play, robots don't think, they execute that strategy irrespective, whether you are stopping loss or you are entering a market as well as exiting the market.

The market is highly volatile and the best way to play this volatility is to always make quick decisions to get the best from it, and those decisions cannot be made with emotions.

[orions.belt19]

Last year everyone was confident in calling the top, and every time they were proven wrong. In the same way people calling bottoms are proven wrong time on time again. The thing with people is that they are constantly trying to act all smart about this or that pump or dump, but it's always after the event took place, and never before.

One thing I've learned about crypto- especially bitcoin, even though it's a big market and millions of people involved, there are some people who have the power to drive the market by co-operating with other traders, some whales buy and sell bitcoin at one point to get profit which occasionally can influence people to panic buy or panic sell that cause snowball effect, then media and people who claim themselves expert in crypto will speculate and give the reason why this is happening, yes after the event took place. as for others who have stated bitcoin will reach $50K-$60K, they just waiting for it to happen and say; I have said so because the potential of bitcoin.

As far as I am concerned, every trader’s heart should be like a stone or a robot. Do not think, just act based on what you know and not what you feel it should be like. Once you have a strategy in play, robots don't think, they execute that strategy irrespective, whether you are stopping loss or you are entering a market as well as exiting the market.

The market is highly volatile and the best way to play this volatility is to always make quick decisions to get the best from it, and those decisions cannot be made with emotions.

This is why some people use bots or opt to automate their trades — it is to avoid allowing their emotions from affecting their trading. Many times, people have been victims of their emotions or FOMO because this has led them to make bad decisions such as exiting at a loss. Others avoid viewing the price charts every now and then because it only stresses them out. With the kind of market fro cryptocurrency, one should have a heart that would allow them to make the best decisions according to their financial interest.

[1Referee]

This is why some people use bots or opt to automate their trades — it is to avoid allowing their emotions from affecting their trading. Many times, people have been victims of their emotions or FOMO because this has led them to make bad decisions such as exiting at a loss. Others avoid viewing the price charts every now and then because it only stresses them out.

I do agree that bots allow you to have the trading be done for you without your emotions being an obstacle, but the problem with bots that people can buy or rent licenses from, are programmed to do what the programmer wants them to do. If you have enough people running these bots on certain exchanges, it will pretty easily allow the issuer of these bots to obtain a massive economical advantage since they exactly know how these bots react in various scenarios.

It's something not many people think about, but it's a major flaw that might end up costing you dearly in the end. It would be more of a surprise to find out that these bots aren't being exploited by the issuer, than them being exploited.

[Bitcoin_Makers]

No, this is not the main reason why I joined the crypto currency. It seems to me that the crypto currency technology has a great future and it is necessary to buy it while we are given such an opportunity to buy at a low price.

[BCSHonda]

Yes when someone starts to plunge into the world of cryptocurrency to invest the main process is learning to understand the price movements of a coin because to price changes that are difficult to predict the trader must be ready to accept any form of risk either small or big later.However,when they are able to hold the asset most likely the maximum profit can also occur.

Many investors are involved in this market and fail quickly because they have no knowledge of cryptocurrency, blockchain technology and financial investments that they invest solely because someone introduces a return on investment. this market. That is bad because investors can not succeed without understanding it, invest seriously if you want to be more successful in cryptocurrency.

[Hamstead]

Being a crypto trader isn't just the same of being a trader in real world.  We know how risk in here and listening our emotions might not be good in here cause it may only drives you of getting nothing from your trades.  Yes,  we all not a perfect individual burnt learn of controlling it will be a big help of our self especially in doing critical decisions.

[Finestream]

Being a crypto trader isn't just the same of being a trader in real world.  We know how risk in here and listening our emotions might not be good in here cause it may only drives you of getting nothing from your trades.  Yes,  we all not a perfect individual burnt learn of controlling it will be a big help of our self especially in doing critical decisions.

Right.Once a trader should always have a strong heart and mind.Do not just be easily tempted with what your emotions is dictating because most of the time,it will only cause destruction and may lead to failure.Learn to trade for huge profits,so you will be motivated more to take on risks because it is only on doing risky things that you make big gains in the end.

[iagyei259]

A true trader is the one that follows his strategy when infront of the screen trading but not changes his mind as a result of panic because trade is going against him.

[TheUltraElite]

No, this is not the main reason why I joined the crypto currency. It seems to me that the crypto currency technology has a great future and it is necessary to buy it while we are given such an opportunity to buy at a low price.

It is not a "necessity" but it is gaining popularity in contrast with traditional monetary system. It may happen in a few decades that fiat is getting replaced by bitcoin or crypto in general. But then the technology behind bitcoin, the blockchain is getting acceptance in many fields of technology and finance. This is what is a bigger achievement for the crypto world.

A true trader is the one that follows his strategy when infront of the screen trading but not changes his mind as a result of panic because trade is going against him.

When you become a trader you will also know that getting emotional is what makes the trader weak both mentally and physically. Its more important to control the emotions.

[atetess]

I am not a trader but I learned and tried to become a trader, try as it is felt as a trader and today I bought some coin when the market is falling and hope will make a profit.

Then,  good for you. You are a trader and maybe by now you are already gain more profits and already improved more skills about trading. When you buy at a very dip price you will surely gain when the price increase.

[Zadicar]

No, this is not the main reason why I joined the crypto currency. It seems to me that the crypto currency technology has a great future and it is necessary to buy it while we are given such an opportunity to buy at a low price.

It is not a "necessity" but it is gaining popularity in contrast with traditional monetary system. It may happen in a few decades that fiat is getting replaced by bitcoin or crypto in general. But then the technology behind bitcoin, the blockchain is getting acceptance in many fields of technology and finance. This is what is a bigger achievement for the crypto world.

A true trader is the one that follows his strategy when infront of the screen trading but not changes his mind as a result of panic because trade is going against him.

When you become a trader you will also know that getting emotional is what makes the trader weak both mentally and physically. Its more important to control the emotions.

Emotions would always be a big factor which can always affect a certain trader or even a simple investor because this will potentially push us to make mistakes or unwise decision when we do already come to a state where we cant already make wise or proper decisions because we do let our emotions control us. Being a trader wont really be that easy and this is where most newbies mistakenly believe that they would able to do on what professionals do achieve now.

[Rrtt]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

Yes its true, the first thing you will do is LEARN then EARN, knowledge is a foundation of everyones success ,espescially those fundamental/ technical analysis ,how to use stop loss/ take profit,its very important in trading industry,as a trader its your obligation to know all those things to become a successful trader.

[Usmanmuhon]

. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. will be motivated more to take on risks because it is only on doing risky things that you make big gains in the end.

[simpleholmes]

when the action occurs and you are winning or losing the emotions capture you completely by not letting you think rationally, especially if you are new and that makes things worse, even if you know something will happen you don`t go for it and just wait without an action.

[nydiacaskey01]

I don't have the discipline yet or even the knowledge of a good trader. I consider myself as an accidental trader. I was just looking for a good way to mix my coins since Bitmixer closed down and they said storing your coins in a trading site can also help you mix your coins but after transferring my coins, I was curious on how trading works so bought my very first coin which is ZEC and the rest is history.

[slashz9]

may be a bit gambling, but trading using fundamental, technical analysis like you said before, and also this is different from gambling, if its value goes down you still have not lost your money as long as you still keep it, if gambling you will lose all your money once you have lose.

[TheUltraElite]

. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.

Controlling emotions is what is needed by every new person entering the market or buying some bitcoin with hopes of selling it for profit. The panic sellars are the ones who make the market crash like a wave during a bear-ish trend.

Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. will be motivated more to take on risks because it is only on doing risky things that you make big gains in the end.

I would not compare trading with gambling. In trading you are not totally losing all your money if you buy an altcoin. That altcoin may rise in value someday. Unless of course you invest in some scam ICO. But in gambling you will lose your money with the click of a button.

[dekcutbusu33]

If I think we just have to take a long time to realize how the market works and how not to make the same mistakes over and over again. But I learn and try to be a trader, try because it is perceived as a trader and today we will buy coins when the market is down or fall and hope will produce profits for us.

[wuvdoll]

I think crypto provides us with a chance to get money and at the same time to be a gambler, take risks, get adrenaline. as for me, it is like this. I don't know how about you but for the most people it is like this I think

Well, if you are considering the idea of gambling, it becomes pretty obvious it is more of a gambling to someone without strategy. Every trader is taking risk but what makes a good trader better from a bad one is the availability of strategy to make decisions. Before even getting into a market, it is always sensible to consider the loss to profit ratio and see if it is actually worth getting into at that moment or not, but without knowledge, I guess that is something an ignorant trader will find hard to do.

if its value goes down you still have not lost your money as long as you still keep it, if gambling you will lose all your money once you have lose.

There were thousands of arguments on comparing trading with gambling. Still I never agree that as trading is a skillful act unless it is being done without reasons. Your analysis must indicate those reasons.

[MiXxe]

For me, a trader's heart should be strong. I am not saying that you have to harden it. You just need to be strong ALong the way, when we are trading, we tend to experience several things. Positive or negative may it be. The thing is,we have to be strong. We have to stand on the ground that we believe in. We have to always have an open mind and strong heart. That's one way to be a successful trader.

[Dreamchaser21]

For me, a trader's heart should be strong. I am not saying that you have to harden it. You just need to be strong ALong the way, when we are trading, we tend to experience several things. Positive or negative may it be. The thing is,we have to be strong. We have to stand on the ground that we believe in. We have to always have an open mind and strong heart. That's one way to be a successful trader.

Traders life is not that easy, we will experience a lot of failures on our trading plan but we have to become stronger so we can become more successful in our trading journey. A traders heart must be stronger than anyone, you should able to accept failure, and don't ever regret your trading decision always remember that this market is very volatile and our goal is just to make profit bigger than our losses.

[minairia3]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

Only one thing. You need to test the system you have polished in the traditional ones. Given you've learned all the basics and used all your experience. Remember that your sword never gets dull in battle. If it did, those are blood.    So if one trader is bold enough to test even in risky trades, he is but only confident to test the system he has tamed.

[alminium]

if I think we are merchants, we should always consider all possibilities and be prepared to risk destruction in any case. That's normal even in business. But also in trade besides always learning, discipline is also very important that must have double capital, because the trade name there are times when prices soared, there are advantages and there are losses that we should consider in trading.

[Visbay]

the heart of a merchant is stronger than the heart of the person working in the office or being a worker in the factory.
because every coin bought and then the coin down then inevitably must be chest and wait for the coin to rise or stoploss to buy back at the price below.
a trader must be tough, strong and wise.

Agree with you no doubt the heart of a trader is most stronger heart because a trader use to face multi situation but he always get through with courage and patience, so it is no doubt true that a trader must have a strong heart, because rise and fall will come across his way what he will have to face patiently, it is good for him to use his brain while trading instead heart because heart is connected to emotion and emotions are not allow in trading.

[hacekd]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

STOP LOSS always always. Absolutely right.
Control emotions? LOL. Crypto already stole my emotions long ago. I dont feel excited neither upset when I make profits or lose money.

it happens if the merchant really wants to get more, think about the profit without seeing some of the risks to be gained when the price drops. If he is chaotic or stressed at a time when the price drop means he is not a good trader, because a good trader will figure out what if a price drop will happen.

[TheUltraElite]

If I think we just have to take a long time to realize how the market works and how not to make the same mistakes over and over again. But I learn and try to be a trader, try because it is perceived as a trader and today we will buy coins when the market is down or fall and hope will produce profits for us.

Thats basically how trading works and how people make money off the market. You buy low and sell high.

if I think we are merchants, we should always consider all possibilities and be prepared to risk destruction in any case.

Risk does not get "destroyed". It needs to be managed. If you can manage your risk then trading becomes easier. However it is tough.

That's normal even in business. But also in trade besides always learning, discipline is also very important that must have double capital, because the trade name there are times when prices soared, there are advantages and there are losses that we should consider in trading.

Not just double capital, making money in trading needs a control over emotions and yes discipline is also important. If you are greedy and try to jump into a bull run you might sell at the wrong time and end up in loss or you may miss the ATH of the bull run.

[ymirymir]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

I agree with you. Trading is like a roller coaster ride and might provide us inconsistent changes since the market is unstable and is volatile. In that case, we must be emotionally prepared for the possible changes. We should have the eagerness to learn and adopt different changes anytime.

[Mia_pikachu]

When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?

especially with the coins in the market today is very difficult for us to predict everything, we must really learn as well as possible in trading crypto, if we are too obsessed with the big and emotional profits in trading, it will make us lose, so we must be careful not to panic in trading.

[TheUltraElite]

I agree with you. Trading is like a roller coaster ride and might provide us inconsistent changes since the market is unstable and is volatile.

Not every altcoin and every period is volatile. If you look at the market for the last one month we barely crossed any 600$ gap in the bitcoin price. Its rallying between 6200 to 6800. Thus one could buy at the low price of 6200 and then sell at 6800 or more. Its worth trading and will be profitable.

In that case, we must be emotionally prepared for the possible changes. We should have the eagerness to learn and adopt different changes anytime.

What changes do you propose to adopt? Its not possible to change the market course by your emotions. You just have to hold and wait till any good signs appear that might prompt you to sell your coins or stock up on more.

[el kaka22]

Trading can consider as gambling, you might win or lose but the bug different is you dont have enemy to deal with. Only just your decision whether you sell or hold. Loss is depend on what you had been decided. Gambling for the future profit not a illegal gambling have a big amount of bet for each user.

Well, sometimes, some of us may refer to it as an educated gambling based on how you are able to do well or how vast and knowledgeable you are which based on that, anyone who is not knowledgeable is simply just gambling. Trading is a whole lot and you really want to be very good at what you do, be ready to learn more and practice every day as you keep getting better and that is the only best way to do well when it comes to trading.

Trading is a very reliable profession and not just an investment, but how you see it determines a lot as well. It is more or less a gambling since most time you are making predictions based on what you see, the indicators you read, and expecting to see how the market play to your favor.

But most of the time, it is more of an educated one which is the only way you can reduce the risk that comes with it otherwise you will just be gambling 100% of the way.