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Author Topic: A trader's heart  (Read 564 times)
ymirymir
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July 16, 2018, 03:35:58 PM
 #121

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.
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Mia_pikachu
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July 16, 2018, 03:43:20 PM
 #122

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.
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July 17, 2018, 01:21:11 PM
 #123

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.

Quote
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.

R


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el kaka22
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July 19, 2018, 02:36:47 PM
 #124

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.

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