Do we really know how to trade?

[miropp]

Many people, especially beginners make a significant error, about which you wrote. They immediately start trading without understanding the General rules of trading. But the most important thing it is study. We should always start with this.

[omonuyak]

Many people, especially beginners make a significant error, about which you wrote. They immediately start trading without understanding the General rules of trading. But the most important thing it is study. We should always start with this.

Trading is not for everybody and you should not put the money you cannot afford to lose.  It is a very risky venture and whenever you lose it is a sign that you cannot be perfect in it.  You just need to have a good skills and intelligence in how the market work in other to be able to make money from the market.  I just think that we are going to have more investors coming into the cryptocurrencies market in future and that is why we should keep developing our skills and knowledge on how the market work.

[leowonderful]

Even experienced traders will eventually make a loss in trading; the difference is a more seasoned trader prepares for a loss unlike someone perhaps less skilled that doesn't manage risk properly and might end up with an empty account after one or two failed trades. Realistically you're never going to have a 100% success rate in trading, and even if you do have good accuracy at predicting price action, actively managing risk and maximizing the potential reward of a trade is what's going to make you profits.

[BitHodler]

But we know not many people who can buy low and sell high, and many of them have big greediness in trading, so they want to make a bigger profit.

As long as people think the price going up means Bitcoin is doing well and the price going down means Bitcoin is doing bad, nothing will change. These people only pull the trigger after having seen the price go up a lot.

By the time they gained enough confidence to pull the trigger, they usually buy around the peak of a bull run or rally. It has been like that in the stock market as well--average joes are average joes in any type of market.

As for the greed, even the best traders struggle with that. It also heavily depends on someone's mood, so regardless of your skill level and market understanding, if you feel shit, you can't make rational trading decisions.

[Cherylstar86]

Many people, especially beginners make a significant error, about which you wrote. They immediately start trading without understanding the General rules of trading. But the most important thing it is study. We should always start with this.

Trading is not for everybody and you should not put the money you cannot afford to lose.  It is a very risky venture and whenever you lose it is a sign that you cannot be perfect in it.  You just need to have a good skills and intelligence in how the market work in other to be able to make money from the market.  I just think that we are going to have more investors coming into the cryptocurrencies market in future and that is why we should keep developing our skills and knowledge on how the market work.

  Considering experience on trading will give learnings for us to gain wisdom to deal the consequences, we can discover a liable methods and strategies that has filled with mistake that may contour the possible outcome in an appreciable way. At some point, failure will endure to have knowledge and endevour to be wise on every deliberations in order to gain massive profits and to become a successful trader.

[jonaire99]

It takes time to learn the art of trading, patience to understand it and determination to master it. Taking part in some learning group that teach you how to trade will not make you a good trader unless you persevere to learn it by youself. Mistakes and losses are always part of trader's learning experience which can make him a better trader someday. If you learn how to accept and correct your mistakes in your trading, then you probably know how to trade.

[shesheboy]

Trading is not for everybody and you should not put the money you cannot afford to lose.

Everyone can learn and do trading but fear and other negative traits are the only hindrance that limits them . investing what you can afford to loose is the golden rule and majority of traders are following this but i think there are still die hard investors that willing to risk all his lifetime saving just to earn more profit in crypto trading   . that was a greedy move and should not be followed by others  .

It is a very risky venture and whenever you lose it is a sign that you cannot be perfect in it.

there is no perfect on this world and as well as on trading  . if you loose it does not mean that you lack of something  .  if you know to yourself that you give your best then its not already your fault on why you still loose . trading is just a hard game because crypto market is too unpredictable  .

[mirakal]

If you learn how to accept and correct your mistakes in your trading, then you probably know how to trade.

This is important because as a newbie in trading, your journey is a learning process, as expected you will make bad decision at the beginning
but you have to accept it to correct it, if you keep learning you will improve your strategy and that will help you succeed to be a consistent trader.

[spadormie]

Those articles are too complicated for me to understand hahaha

Complicated yet, it is made for us to understand what trading really is. Trading will never be easy to anyone. Even those people that are whales or know to trade since then are failing even though they know TA, some information about the coin itself. That's how trading is, a very complicated thing.

[Ararbermas]

Perhaps only greedy and lazy ppl  is the one that really dont know how to trade and how to play safe on it especially noob. Actually im not an expert about it but i have enough knowledge which in order to avoid losses and etc.  Yes trading is a very difficult way to multiply our money but if you really interested on it and you always make a research then it will become so easy and safe way to gain profits.. 

[CryptoLing]

Many people sure know how to trade, but the real question is "Do anyone know what will happen in the future?" and the answer is no. Trading might involve technical analysis and/or fundamental analysis and analysis is just a guide to see the what will happen but nothing is certain.

[1Referee]

Realistically you're never going to have a 100% success rate in trading, and even if you do have good accuracy at predicting price action, actively managing risk and maximizing the potential reward of a trade is what's going to make you profits.

Good 'accuracy' is making more profits than losses, that's all it is. In some cases it might not even be related to making more winning than losing trades with how every trade isn't the same as the previous one because of the changing market dynamics.

I remember watching a documentary where high level wall street traders explained how there is close to no human involvement when it comes to making trading decisions. It's all algorithmic activity. What I found to be the most interesting part was that some of their bots lost money consistently for a almost two weeks, then still ended the month in the green.

I think it's safe to say that as long as you go big only on the events that offer a 70%ish probability to play out in a certain way, you're more likely to end up in the green over a longer period of time.  

[petermike]

For me, to be able to trade investors must be knowledgeable about the crypto market. Be sensitive to the market and capture the right time to accept to cut loss if the market falls and buy back when the price is low. Potential Altcoins and fast buy as well as fast sale.

[jrrsparkles]

Perhaps only greedy and lazy ppl  is the one that really dont know how to trade and how to play safe on it especially noob. Actually im not an expert about it but i have enough knowledge which in order to avoid losses and etc.  Yes trading is a very difficult way to multiply our money but if you really interested on it and you always make a research then it will become so easy and safe way to gain profits..  

Sometimes greed will make us a better player in the trading but if they are just beleiving their luck to bring profits for them then it is not going to work.Trading is simple but not easy to make profits too often so they need either patience to play safe as long term trader or skills to analyse the market for day trading profits.

[moynul2050]

Many people, especially beginners make a significant error, about which you wrote. They immediately start trading without understanding the General rules of trading. But the most important thing it is study. We should always start with this.

mistake are often experienced by beginners, they only think about profit without thinking about the risks of the trade they are doing, learning is certainly a very good thing especially if we can learn from the bad experiences we have experienced so that we don't fall into the same mistakes both times.

[sujonali1819]

Many people sure know how to trade, but the real question is "Do anyone know what will happen in the future?" and the answer is no. Trading might involve technical analysis and/or fundamental analysis and analysis is just a guide to see the what will happen but nothing is certain.

Yes, there are no people who know the future. But who has heavy experience in the crypto market and who can analyze the market situation, He can predict sometimes that where can the market go. But not exact only around. And we should mind that all time all analysis can not work properly and the prediction can be failed.

[Gozie51]

I got interested in your last paragraph where you are comparing trading to warfare. I think I'm not very much relaxed with that kind of idea. If we trade like we are fighting war, it means even when we lose, we are still going to keep fighting until nothing is left (our money  ).

I see trading as a game or fun kind of stuff and that is how it goes for me.

You don't fight the market because if you do, you will crash yourself.

[Sum24]

To be honest, I never think about if I really know how to trade or not. All I need to do is buy at a low price and sell at a high price, and I am very agree with that.
With only following the basics methods of trading, we could always make a profit in every day, but unfortunately, it's not easy as we say because it will need more learning and more experience to know the right time to buy and sell.
I suggest you do not think about that because you will be confusing to determine the truth, the best thing you can do right now is continue to trade, try to buy low and sell high, and you are good to continue.

The only key to success in trading is buying low and selling high but buying low is really a challenging task as it really takes a lot of research and knowledge before you know the perfect dip. Any new individual who would join trading can even have profits if he invest in any random coin when the coin is deep seeing the yearly graph ratio and waiting until the expected price is been reached.

This will make profits for those peoples much easier and also not much skills are required there. But a professional trader can find a dip in any coin he is interested in and will invest at a perfect price setting a stop-loss and waiting for the expected price to reach.

I definitely agree with you that is the only key to success in trading. But we know not many people who can buy low and sell high, and many of them have big greediness in trading, so they want to make a bigger profit.
In the basics of learning trading, buy low and sell high will be work in many situations but the problem, we cannot determine when the price can reach the low price and when the price can increase.
And if that is happening to us, then no other way for us to learn more about trading so at least, we can predict when the time comes.

If you aim to trade and be successful with this said field, it takes interest to learn and be knowledgeable about it. It's best to acquire skills to be properly guided. It all depends on us on how much effort we put in order to be rewarded and the hardwork we invest that would lead to success. Staying informed and be updated can be very helpful inorder to stay on track. Never invest too much emotion, trading is not all about gaining positive outcome. Learn from failures and move forward.

This kind of skills can be gained from google or from your tube because there are so many websites that gives benefits to all traders, we can use it and collect so many knowledge about trading we can get the opportunity to buy some coins at low price then we learn how to keep it longer and never sell it until the profit becomes more than double for us.

[DeadCoin]

New to trading. Came in five months back. Started learning few basics. Sit everyday at videos and channels where trading is taught or trading tips are shared. Lost money at the beginning and now able to hold back when its not required. Updating myself with everyday's news. This is how one should trade.

[creeps]

For me, to be able to trade investors must be knowledgeable about the crypto market. Be sensitive to the market and capture the right time to accept to cut loss if the market falls and buy back when the price is low. Potential Altcoins and fast buy as well as fast sale.

A risky move to trade without knowledge and that is a pure greed because for sure you are just thinking about buy and sell. We really need to know how to trade with real knowledge and not just by the advice of the pump group, newbies are expected to be a good trader in the future but they must start learning so they can achieve it. Many losses that can happen if you don’t have any knowledge in trading.