Keep proper distance but not losing passion

[henrythebest]

A conclusion that I get from years of trading-----

When you are concentrated, you will be oblivious of yourself and forget those messy thoughts, namely a state of "unintentional". If you got this calm feeling, which is amazing, you need to maintain this in your work and life so you can achieve more success. The more we use this feeling, the better result we get then more skilled we are using.

I used to listen to more senior friends: "Don’t be too close to the stock. The closer you go, the worse you will be." It’s correct. However, the stock market needs to be learned. If you don't go deep into the research, how can you be wise? So, at first glance, this seems to be very contradictory. But this is a question of high skill: people with deeper skills can stay close to the market without being confused by the market.

Learning and actual operations, from a certain point of view, are two different things. It belongs to two different stages. When studying, we must be serious in thinking things over deeply, and researching repeatedly. The spirit of perseverance is important, as well as careful work, aiming at the pursuit of perfect high standards, and not to be sloppy in the details.


In short: you need to be incisive and subtle, then you gain success. However, when your skill is practiced and you enters the market, you go to a higher level in which you will be bold and resolute, not punctilious in details and only focusing on the general trend.

In other words: When you are a student, it is inevitably being close to the market, because you need to look at it, dissect it, analyze it, and have to go very close to it. However, when it comes to reaching the edge of the winner's realm, it feels that there is a distance from the market and it is no longer as close as it used to be.

When we do trading, it is also the same four layers: At beginners’ phrase, there will be many wrong ideas and techniques, which will make us doubt the correct method, even do not want to learn, so it is very necessary to focus on studying at this time.

I hope that the garbage knowledge in the brain will be removed. Then the burden of brain is lightened, and a good weight loss effect is achieved, which is a very natural state. At this point, operating the stock naturally follows the Fa-rectification, not deliberate, not tweaking. Since you have reached the height of unintentional heights, it’s undoubtedly the best time to work harder. Currently, everything is developed normally, trading is operated naturally, and you are free from emotional shackles. Everything is natural, and you just go with it, achieving with minimum fuss and maximum efficiency.

What is said above is normal steps of learning. However, most people probably have no chance to follow the steps to learn. For my part, the actual situation is as follows:

1. I just entered the market, I don’t know much, I don’t care much, I’m lazy, and I look at the market table occasionally. (In fact, this is a bit of a state of "unintentional")

2. Suddenly one day, I felt that the opportunity to enter the market came. I went to buy stocks (or emptied) (because I was "unintentional", it was easier to find real and big opportunities to enter.)

3. After a little bit of sweetness, I want to learn more (in fact, I want to learn more short-term operation knowledge), to see if I can "frequently operate" so that I can make more money (this is greed, then I began to lose the realm of "unintentionality" and entered the world of deliberate creation. This heart is a delusional heart, no longer pure.)

4. When I realized that I was going in the wrong direction, I made up my mind to jump out of small places, small details, small short lines, and small patterns. I wanted to find my original heart back, which was pure and kind.

5. Then I got rid of weed and kept the flower of the leek. I returned to the state of “lazy” when I first entered the stock market, but that was only the surface. The correct knowledge was ready.

6. While waiting for the next opportunity, I will not ask for it, I will not be anxious, and I will not lose my heart. Because I have forgotten that I am waiting (ahh, I envy this kind of relaxing life)

7. The opportunity is coming... "The god of opportunity will come knock my door" - if you are ready, you will hear the ringtone. You don't need to listen every night, every minute, every second. When the opportunity comes, you will know and naturally act.

[bitgolden]

I get all your point and it actually made a lot of sense, but every trader have a different story to tell, everyone did not learn it in same way, like in my case, trading has always been a thing of fun especially when I was still learning, I know I lost a lot of funds but I saw it as an opportunity to even learn more and get better, it helped me not to repeat same mistake twice and made me get better.

[BitHodler]

like in my case, trading has always been a thing of fun especially when I was still learning, I know I lost a lot of funds but I saw it as an opportunity to even learn more and get better, it helped me not to repeat same mistake twice and made me get better.

I understand the thrill of trading, but there is no such a thing as fun trading when you are risking your hard earned money. People thinking trading is a fun thing are mostly the ones who end up losing in the long run.

A few lucky profitable trades don't make you a seasoned trader. I'm not directly referring to you, but people in general considering how they assume that trading allows them to generate an x percentage of profit per day.

The most important thing is to not underestimate the irrational nature of this market, especially with how every single crypto currency represents speculative value, and that's what most people don't seem to understand.

Crypto can always go lower, the crash from $6000 to $3000 was a brutal example of that.

[milewilda]

like in my case, trading has always been a thing of fun especially when I was still learning, I know I lost a lot of funds but I saw it as an opportunity to even learn more and get better, it helped me not to repeat same mistake twice and made me get better.

I understand the thrill of trading, but there is no such a thing as fun trading when you are risking your hard earned money. People thinking trading is a fun thing are mostly the ones who end up losing in the long run.

A few lucky profitable trades don't make you a seasoned trader. I'm not directly referring to you, but people in general considering how they assume that trading allows them to generate an x percentage of profit per day.

The most important thing is to not underestimate the irrational nature of this market, especially with how every single crypto currency represents speculative value, and that's what most people don't seem to understand.

Crypto can always go lower, the crash from $6000 to $3000 was a brutal example of that.

People do have different treat up regarding on the things they are engage too.We say that we are risking our money on doing trading and that thing doesnt sounds fun since we know the tendency of losing but
this is just like on gambling too, you are risking money for fun so they might the same reason or view but well gambling and trading is a different.
Each trader do have their own experience and on how they do learn up things.Some lose hope and some accept loss,move on and continue to learn.

[Bitinity]

I understand the thrill of trading, but there is no such a thing as fun trading when you are risking your hard earned money. People thinking trading is a fun thing are mostly the ones who end up losing in the long run.

When people are trading with the money that they can afford to lose, it will be more fun. In this case, we wont think too much about losing the money but at the same time we have the chance to earn profit. I agree with milewalda, "it depends on how you treat trading".
Of course losing too much in trading is not fun at all, but if you lose what you can afford to lose then it wont be a big problem especially if we are in learning phase of trading.

[davis196]

Trading is all about self-discipline and focus.Ge trid of bad habits,don't eat junk food,sleep 8 hours every nights.This will help you "clean" your mind and stay optimised and concentrated 100%.It will help you gain willpower and motivation.Never get addcited into crypto trading.Just think of it as it is your 9/5 job that you actually enjoy working.

[mrdeposit]

You should always learn from your mistakes. Instead, we cannot get anything by saying that I know so much that I do not look at anything or do not know anything at all. Just, you should find the most appropriate way for yourself and continue from here.

[1Referee]

Crypto can always go lower, the crash from $6000 to $3000 was a brutal example of that.

It was a welcome wake-up call for me too. I got so comfortable with it last year that I needed to be reminded of what this market is about. Another thing is that I underestimated the severity of having an important support level break, and went long on the way down and got rekt in the process. Initially it sucked, but it taught me an important lesson which I will put to work whenever we go through a similar correction.

[jrrsparkles]

Trading is all about self-discipline and focus.Ge trid of bad habits,don't eat junk food,sleep 8 hours every nights.This will help you "clean" your mind and stay optimised and concentrated 100%.It will help you gain willpower and motivation.Never get addcited into crypto trading.Just think of it as it is your 9/5 job that you actually enjoy working.

But crypto trading is like gamling so we are going to get addicted more for it as long as we are motivated on it,and we can't consider it as our 9 to 5 job because in job we are not going to face any risk if we are doing work or not it is not going to give any direct results because we are working for someone but crypto trading is like business so if we face any loss our mind will work hard to make profits for the losses that is how it keeps continuing.

[Bunsomjelican]

I get all your point and it actually made a lot of sense, but every trader have a different story to tell, everyone did not learn it in same way, like in my case, trading has always been a thing of fun especially when I was still learning, I know I lost a lot of funds but I saw it as an opportunity to even learn more and get better, it helped me not to repeat same mistake twice and made me get better.

At least for what good thing about you was that you learned from your own mistakes, unlike to others they repeatedly do the same way of their
wrong way of doings. They really never learn, and I don't know why they continued despite of their mistakes. If we did something, let us not do it again. Because, trading is a matter of showing who you are in my opinion.

[leonix007]

What is said above is normal steps of learning. However, most people probably have no chance to follow the steps to learn. For my part, the actual situation is as follows:

1. I just entered the market, I don’t know much, I don’t care much, I’m lazy, and I look at the market table occasionally. (In fact, this is a bit of a state of "unintentional")

2. Suddenly one day, I felt that the opportunity to enter the market came. I went to buy stocks (or emptied) (because I was "unintentional", it was easier to find real and big opportunities to enter.)

3. After a little bit of sweetness, I want to learn more (in fact, I want to learn more short-term operation knowledge), to see if I can "frequently operate" so that I can make more money (this is greed, then I began to lose the realm of "unintentionality" and entered the world of deliberate creation. This heart is a delusional heart, no longer pure.)

4. When I realized that I was going in the wrong direction, I made up my mind to jump out of small places, small details, small short lines, and small patterns. I wanted to find my original heart back, which was pure and kind.

5. Then I got rid of weed and kept the flower of the leek. I returned to the state of “lazy” when I first entered the stock market, but that was only the surface. The correct knowledge was ready.

6. While waiting for the next opportunity, I will not ask for it, I will not be anxious, and I will not lose my heart. Because I have forgotten that I am waiting (ahh, I envy this kind of relaxing life)

7. The opportunity is coming... "The god of opportunity will come knock my door" - if you are ready, you will hear the ringtone. You don't need to listen every night, every minute, every second. When the opportunity comes, you will know and naturally act.

I respect your conclusion and opinion

However for my own perspective, part of being successful in every ways is to establish an effective knowledge foundation built by intensive learning, experience and mistakes or success

If the foundation is not yet strong, there is no time for Laziness

You can relax when your portfolios are far more greener than reds in bear market


 

[gabmen]

I get all your point and it actually made a lot of sense, but every trader have a different story to tell, everyone did not learn it in same way, like in my case, trading has always been a thing of fun especially when I was still learning, I know I lost a lot of funds but I saw it as an opportunity to even learn more and get better, it helped me not to repeat same mistake twice and made me get better.

At least for what good thing about you was that you learned from your own mistakes, unlike to others they repeatedly do the same way of their
wrong way of doings. They really never learn, and I don't know why they continued despite of their mistakes. If we did something, let us not do it again. Because, trading is a matter of showing who you are in my opinion.

You're taking your emotions with you when you say that dude. Trading doesn't show who you are, it shows how well you can set your emotions aside just the the other guy here. That's one of the lessons you're going to learn in trading. Keep your interest but make sure you don't get carried away.

[dothebeats]

I myself have experienced quite a few lucky breaks in my few years of trading, but I still don't consider myself as a seasoned and experienced trader. I also never try to get my feelings heavily involved as I know that it wouldn't be good for me since I will always try to recoup whatever losses I might incur. I might have done it on gambling and online casinos before, but certainly not on trading as I know that I can always make a way to profit compared to online casinos which is just pure luck honestly.

Points are valid and taken, and newbie investors should keep such things in mind.

[Kemarit]

Crypto can always go lower, the crash from $6000 to $3000 was a brutal example of that.

It was a welcome wake-up call for me too. I got so comfortable with it last year that I needed to be reminded of what this market is about. Another thing is that I underestimated the severity of having an important support level break, and went long on the way down and got rekt in the process. Initially it sucked, but it taught me an important lesson which I will put to work whenever we go through a similar correction.

And there are lots of proponents that says the price won't go to $10,000 (coming from the last all-time-high) and yet here we are, @4,000 and even struggling, so it was really a brutal wake up call. So we as traders, needed some adjustment and mindset totally change as well, otherwise all the money we have made in the 2017 peak would have went to nothing, so to speak. So this is really a journey, lots of ups and downs, but the most important lessons is how we get out and chase and won this game in the long run.

[playboy654]

Keeping both the passion and profession in equal state will definitely be important for everyone because if you go only with your passion the improvement of your life will that happened if it will not success so doing some jobs is also more important for a person to live without any problems.

[Mister1k]

You should always learn from your mistakes. Instead, we cannot get anything by saying that I know so much that I do not look at anything or do not know anything at all. Just, you should find the most appropriate way for yourself and continue from here.

As high rank members we may need to share some thoughts to the new people and explain the perfect information to the people does not know so we may be able to help them with the information if they wish to learn things in crypto field.

[Upgrade00]

I do not think there is a right or wrong trading strategy, it depends on what works for a trader, and how it fits into the other aspects of their life and their time. Success is the only universal goal, the route could be changed or tweaked.
There is not strategy which guarantees success. There is no guarantee in trading.

[guoyu78]

You should always learn from your mistakes. Instead, we cannot get anything by saying that I know so much that I do not look at anything or do not know anything at all. Just, you should find the most appropriate way for yourself and continue from here.

There are so many factors that need to be known and no one is perfect when it comes to knowledge about certain things. Even the best investors keep on reading the latest and the history to know more about how things work in different situation. So, I think if you keep on learning about something, you would be good at it and it will help in future to maximize the money.

[akram143]

You should always learn from your mistakes. Instead, we cannot get anything by saying that I know so much that I do not look at anything or do not know anything at all. Just, you should find the most appropriate way for yourself and continue from here.

There are so many factors that need to be known and no one is perfect when it comes to knowledge about certain things. Even the best investors keep on reading the latest and the history to know more about how things work in different situation. So, I think if you keep on learning about something, you would be good at it and it will help in future to maximize the money.

yes you are right first of all we need to trust our confidence about what we are doing then only the next process will be simple and useful for you otherwise there was to that who appeared in this field not take any profit from this situation and it will be very important situation to handle for everyone more properly.

[mapanlah]

I get all your point and it actually made a lot of sense, but every trader have a different story to tell, everyone did not learn it in same way, like in my case, trading has always been a thing of fun especially when I was still learning, I know I lost a lot of funds but I saw it as an opportunity to even learn more and get better, it helped me not to repeat same mistake twice and made me get better.

the different way of trading method that I did, I did not dare to enter the trade without a guide because we have not yet understood the price movements and the way we trade without experiencing huge losses. to anticipate things we don't want, the presence of a teacher helps us a lot. so learning becomes safer.