mapanlah
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 228
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 16, 2019, 01:22:46 AM |
|
I don't believe the failure rate is that high but very few people will be able to earn a substantial amount from trading. If you lack patience then trading is essentially just gambling at its core. The only consistent winners are the exchanges because they always make money off fees whether in a bull or bear market.
trading is very different from gambling, if trading if we lose then our capital money does not disappear only decreases but if we gamble if we lose then our capital money will also be lost because the winner takes it, so don't be afraid to trade because the loss of traders is always the best teacher later on we can understand trade and we can benefit.
|
|
|
|
iMark
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 16, 2019, 04:39:55 AM |
|
Discipline to follow trading plan, avoid greedy and unpatient is others more important thing in trading. 95% trader failed because they have bad psychology in trading so we should be learn how to manage it. And for knowledge about technical analysis is only second thing in trading.
I think that trading skills are the first thing that must be owned, because in my opinion without skills, it is useless for your patience and control. trading is not gambling, so the skills you must have first. and self-control you will automatically you have when the basics of trading already you know
|
|
|
|
maydna
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 16, 2019, 04:48:48 AM |
|
Discipline to follow trading plan, avoid greedy and unpatient is others more important thing in trading. 95% trader failed because they have bad psychology in trading so we should be learn how to manage it. And for knowledge about technical analysis is only second thing in trading.
I think that trading skills are the first thing that must be owned, because in my opinion without skills, it is useless for your patience and control. trading is not gambling, so the skills you must have first. and self-control you will automatically you have when the basics of trading already you know You got a good point. Yes, trading skills are must to have besides patience and control. Together, with a combination of trading skills, patience, and control, you will be able to search potential coin at the market, and you can buy low and sell high because you have the things that will help you to make a profit. With that combination, you do not worry if the market is unpredictable because you can find a way to help you make the profit. And I am sure that you can always control your emotion when the market is fallen so you can use the chance to buy the coin at a low price.
|
█████████████████████████ ████████▀▀████▀▀█▀▀██████ █████▀████▄▄▄▄██████▀████ ███▀███▄████████▄████▀███ ██▀███████████████████▀██ █████████████████████████ █████████████████████████ █████████████████████████ ██▄███████████████▀▀▄▄███ ███▄███▀████████▀███▄████ █████▄████▀▀▀▀████▄██████ ████████▄▄████▄▄█████████ █████████████████████████ | BitList | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . REAL-TIME DATA TRACKING CURATED BY THE COMMUNITY . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | List #kycfree Websites |
|
|
|
Bitcotalk
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 16, 2019, 09:04:22 AM |
|
Well, I have been trading Crypto for the past 3 years and the only time I had lost was on my first year when I just learnt about crypto and I don't really know how the market works because I was trying to trade on my own, but when I paid a professional to teach me how to trade on crypto, I have never regretted doing that because I hardly make loss when ever I decide to enter the market because I always trade with caution and tactics that works all the time.
|
|
|
|
devinks
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 16, 2019, 11:27:14 AM |
|
if in my own opinion trading skills are the first thing that must be owned by every trade because it will be a weapon so that we avoid failure that can cause losses
|
|
|
|
Zadicar
Legendary
Offline
Activity: 1442
Merit: 1025
DGbet.fun - Crypto Sportsbook
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 16, 2019, 12:17:55 PM |
|
Well, I have been trading Crypto for the past 3 years and the only time I had lost was on my first year when I just learnt about crypto and I don't really know how the market works because I was trying to trade on my own, but when I paid a professional to teach me how to trade on crypto, I have never regretted doing that because I hardly make loss when ever I decide to enter the market because I always trade with caution and tactics that works all the time.
Wow thats good for you and paying up a professional is really costly yet you can able to learn on your own but well its your own money and it isnt really bad at all to seek out guidance. For now on your 2nd and 3rd year on trading as long you are profitable then its good but we can really say that loses is inevitable things.Just learn from your past mistakes yet this would really be the best teacher to enhance yourself.
|
|
|
|
d1ceplayer
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 17, 2019, 06:16:25 PM |
|
If everything was so simple then that 95 % of traders were not losing money. Those advices will just help you to minimize your loses. It doesn't mean that following this tips will make you a profitable trader. There always will be about 90% of traders that are losing money. Without them the price chart would look like a horizontal line.
Yes, things are not that simple at all. Trading is painful especially for those who had huge money invested and want to get out of the market now. They will have to withdraw with losses. The bear market has really made things worst and people have lost up to 80% of the values. So these sought of advised only implies to the guys who are in the market for an ideology rather than the monetary benefits and not everyone is for the ideology. But I believe that the bull market in future will recover everything.
|
|
|
|
Bitcoin_Arena
Copper Member
Legendary
Offline
Activity: 2114
Merit: 1811
฿itcoin for all, All for ฿itcoin.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 17, 2019, 10:10:49 PM |
|
- Understand the concept and process of compounding and why it is so important.
I was thinking about the concept of compounding. If I took daily profits of say between 1-2% (ofcourse some days there will be sharp dumps and sharp spikes but I am assuming those will cancel out themselves and I will also try to use stop loss where possible), Would this strategy be feasible long term, say 6 months to a year? I am looking at doing normal trading without the leveraging bit. From your experience, what do you think?
|
|
|
|
ShowOff
Legendary
Offline
Activity: 2716
Merit: 1192
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 17, 2019, 10:45:20 PM |
|
- Understand the concept and process of compounding and why it is so important.
I was thinking about the concept of compounding. If I took daily profits of say between 1-2% (ofcourse some days there will be sharp dumps and sharp spikes but I am assuming those will cancel out themselves and I will also try to use stop loss where possible), Would this strategy be feasible long term, say 6 months to a year? I am looking at doing normal trading without the leveraging bit. From your experience, what do you think? Catch 1-2% everyday maybe sometime make us stresful. Make sure first you already prepare for the pressure and then you will be ready for it. Because trading everyday sometime we cann stuck in a token for a certain time.
|
|
|
|
goaldigger
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 17, 2019, 10:47:56 PM |
|
The grim thing to hear, I know but it's how the markets work. You cannot all win. But the ones that do, guess how? They take all the money from the people who constantly lose money within the markets. So how do you overcome the fear of failure and go against the statistics? It's like anything when you consider success only so many people walk through it all and get to the other side and are actually considered to be a success; movie stars, sportsmen and women and so on. It is no different from trading. A quick cheat list to help you - Trading is EMOTION DRIVEN - YOU must understand the importance of RISK MANAGEMENT - YOU need to know elements of technical analysis - YOU are also required to understand fundamental analysis - Create a journal and record all of your trades. - LEARN as much as you can and practice without any capital. - Understand the concept and process of compounding and why it is so important. - Only trade yourself and DO NOT use auto trading bots led by a company - Use 3% of your entire balance - Make sure you have a trading plan and follow it each time - Look for the formula and not the feelings.[/list] I've helped a lot of people in the past get over the trading hurdle. The problem is, everyone wants to be as good as the rich guy. Sometimes you got to get years and years of experience under your belt to get very good and get very profitable. I agree with all youve stated most specially on the last part . People invest so that they become rich like those people who gets rich on crypto, but the problem is, they dont want to be focused and determined like those guys did. They want to get rich with small amount of time and small amount of effort thats why they failed. Learn that success comes with great hardwork.
|
| │ | ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███▀▀▀█████████████████ ███▄▄▄█████████████████ ███████████████████████ ███████████████████████ ███████████████████████ █████████████████████ ███████████████████ ███████████████ ████████████████████████ | ███████████████████████████ ███████████████████████████ ███████████████████████████ █████████▀▀██▀██▀▀█████████ █████████████▄█████████████ ████████▄█████████▄████████ █████████████▄█████████████ █████████████▄█▄███████████ ██████████▀▀█████████████ ██████████▀█▀██████████ ▀███████████████████▀ ▀███████████████▀ █████████████████████████ | | | O F F I C I A L P A R T N E R S ▬▬▬▬▬▬▬▬▬▬ ASTON VILLA FC BURNLEY FC | │ | | │ | | BK8? | | | █▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄ | . PLAY NOW | ▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄█ |
|
|
|
deisik
Legendary
Offline
Activity: 3486
Merit: 1280
English ⬄ Russian Translation Services
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 18, 2019, 07:26:25 AM |
|
- Understand the concept and process of compounding and why it is so important.
I was thinking about the concept of compounding. If I took daily profits of say between 1-2% (ofcourse some days there will be sharp dumps and sharp spikes but I am assuming those will cancel out themselves and I will also try to use stop loss where possible), Would this strategy be feasible long term, say 6 months to a year? Earning 1-2% daily consistently is next to impossible I mean for armchair traders. And since you are asking such questions, I also think we can safely assume that. In other words, your assumption is more a figment of your imagination. But then yes, if you can earn that much for 6 months in a row, you will be a millionaire pretty soon, especially if you apply the power of compounding. The catch is that you should first start earning anything at all, for real
|
|
|
|
lablab03
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 18, 2019, 07:39:42 AM |
|
Definitely because mostly have no control on their emotions and always greedy even without specific strategy how to avoid exceeding and especially just to obtain the right time to sell off. Well this problem is normal nowadays because mostly have no discipline and always jumping even lack of knowledge in such things. .
|
|
|
|
FanEagle
Legendary
Offline
Activity: 2968
Merit: 1125
Crypto Casino and Sportsbook
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 18, 2019, 09:05:17 AM |
|
I don't believe the failure rate is that high but very few people will be able to earn a substantial amount from trading. If you lack patience then trading is essentially just gambling at its core. The only consistent winners are the exchanges because they always make money off fees whether in a bull or bear market.
Failures in trading is high mate, majority of unprofessional traders has even lost so much to the extent of losing the will to even trade again. One major thing that still destroys people’s trade is still the problem of greed and trading with emotion, since the inception of forex trading, it has been the problem and now, they have also carried it to crypto trading, impatient and wanting to get so much from little has been the issue, reason why someone will invest $50 and expect to make double back in a day and as a result of this expectation, it pushes them into margin trading where they mainly lose their money.
|
| | | | | | FIRST NO WAGERING BONUS CASINO & SPORTSBOOK SLOTS │ LIVE CASINO │ LIVE GAMES │ SPORTS | | | ► | WELCOME BONUS ─── UP TO ─── [ $500 ] | | ► | MULTI BET BONUS ─── UP TO ─── [ 200% ] | █████████████▄██▄ ████████████▐█████ ███▄██▄█████▐██████▄ ████████▄▄██████████▄ ███▐██▀██▀███████████ ██████████████████████▄ ███▐▄█████▄████████████▄ ▄▀▀███████████▄███████░█▌ ▀███████████████████████ ░███████████████████████ ░░▀▀▀▄██▄███████████████▄ ░░████▀█▀█████████████████▄▄ ██████▀███████████████████████▄ | PLAY NOW |
|
|
|
Bitcoin_Arena
Copper Member
Legendary
Offline
Activity: 2114
Merit: 1811
฿itcoin for all, All for ฿itcoin.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 18, 2019, 09:44:41 AM |
|
Earning 1-2% daily consistently is next to impossible
I mean for armchair traders. And since you are asking such questions, I also think we can safely assume that. In other words, your assumption is more a figment of your imagination. But then yes, if you can earn that much for 6 months in a row, you will be a millionaire pretty soon, especially if you apply the power of compounding. The catch is that you should first start earning anything at all, for real
Of course, I do know there will be sharp dumps along the way. The 1-2% daily profits is more like the minimum I expect to have made in a day but if I don't make it in a day or make losses. I call it a day and then come back tomorrow with the same goal. I just wanted to know if the whole idea is realistic. Say if I started trading with $1000 while taking an average minimum 2% profit daily(this can be divided into 4 different 0.5% profit trades per day) So projected profit after 6 months should be around $34,320. I am not saying I would get the exact value but maybe something like $20K-25K due to a few losses along the way - For now I do have a lot of free time (maybe throughout this whole year) meaning i can be on the screen most of the time Is this realistic or it's just a big dream that can't be achieved?
|
|
|
|
palle11
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 18, 2019, 10:35:30 AM |
|
I agree that the success of trading is based on emotion,
I don't really agree with the above. The success of trading does not base on emotion rather, emotion is debacle to failure. Inexperienced and newbie tend to rely on emotion to succeed in his or her favour to his trading order while market keeps reacting to market pressure, demand and action until the person will be left with zero equity ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) because of the emotional expectation that market will soon go his favour... ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I agree that the success of trading is based on emotion, most of the people lose in trading because act recklessly or become greedy,
In my knowledge, being reckless and greedy won't be as a result of emotion but inexperience. If you are emotional, it makes you to trade with sympathy, you judge the market wrongly.
|
|
|
|
shesheboy
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 18, 2019, 10:35:45 AM |
|
if in my own opinion trading skills are the first thing that must be owned by every trade because it will be a weapon so that we avoid failure that can cause losses
But the problem/question is that how can we gain a trading skills when we are still new in crypto trading ? Isnt it better if we can practice first and do trial & error ? Let us learn from our mistakes because thats what makes us perfect . @op yeah almost all the trader will fail even the pro and veteran ones its because crypto trading is a verry hard job . you cannot possibly predict on what will be the outcome of the coins that you hold no matter how experienced or skillful you are .
|
|
|
|
upsidedown75
Legendary
Offline
Activity: 1288
Merit: 1036
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 18, 2019, 12:04:16 PM |
|
Good strategy its not easy to control your emotion especially when you fomo to the altcoin, I only use 5% of my capital wheb doing trading then a 2 to 3% stop loss just be patient to entry because a wrong move can cause losing all your capital, just learned how to read the launguage of trading to easily win the your trade.
At this stage of our lives that we have successfully overcome peer pressure, we shouldn’t then allow common FOMO to push us into wrong investment or wrong trading decision. One thing I have learnt in life is that whatever will be, will be, but we still have to work on having a very good strategy you pointed out before making any investment move, even the stop loss sometimes doesn’t guarantee that you will still not lose it all, imagine a trader without strategy scalping 20x a day and keeps applying 5% stop loss to every of his trade without winning, has he not almost lost all the investment ?
|
|
|
|
deisik
Legendary
Offline
Activity: 3486
Merit: 1280
English ⬄ Russian Translation Services
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 18, 2019, 01:28:12 PM |
|
Say if I started trading with $1000 while taking an average minimum 2% profit daily(this can be divided into 4 different 0.5% profit trades per day) So projected profit after 6 months should be around $34,320. I am not saying I would get the exact value but maybe something like $20K-25K due to a few losses along the way - For now I do have a lot of free time (maybe throughout this whole year) meaning i can be on the screen most of the time
Is this realistic or it's just a big dream that can't be achieved?
I understand it is exciting to calculate your paper profits using compounding And then ask someone to check if your calculations are correct (as they may well be), but it doesn't work like that in real life, sorry. I'm more with the topic starter here, who claims (as per thread title) that 95% of couch potatoes will fail at trading (which may be the case). And this is what you should primarily be concerned with, i.e. not ending up included in these sad statistics with the implication being that for the total majority of wannabe traders what you say is more like daydreaming with a touch of wishful thinking
|
|
|
|
onrise
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 18, 2019, 01:53:00 PM |
|
Many fails due to lack of Knowledge , due to greediness , entering at the high prices and market crashes due to which the holding period rises and if require money they will sell off quickly and end up losing the money . Better to start with low capital initially and see if one is good at trading .
|
|
|
|
███████████████████████████ ███████████████████████████ ████████▀ ▀████████ ███████ ███████ ███████ ███████ ██████▀ ▀██████ █████▄ ▄██▄ ▄█████ ██████████▀▀███████████████ ████▀▄██▀ ▀ ▀██▀██▄▀████ ████ ▀ ▀ ████ █████▄▄ ▄███▄ ▄▄█████ ███████████████████████████ ███████████████████████████ | CHIPS | | | | | ! | ▄▄▀▀▀█████████▄▄ ██▄███████████████ █▄████████████████ ██████████████████ ▄█▀▀▀██████████████▄ █▄▄██████████████████ ▀█████▀██████▀ ▄▀███▀ ▄███ ▀▀███▀ ▄▀▄███▄ ███████████▀▄██████ ▄█████████████████▄ ▀█████████████████▀ ▀██████ ▄ ████▀▀ ▄▄██████ ███ ██████▄▄ | $100,000 EVENT | ! | | The Ultimate Crypto Casino 9 CRYPTOCURRENCIES | | | | ▄█████████████▄ ▄▄▄ █████████████████ █████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ▀███▀ ▄███████████████████▄ ▄ ███▀ ▀███ █ ███ ▐██▌ ███ ▐██▌ ███ █ ███ ▐██▌ ███ ▐██▌ ███ ▀▀▀ ███▄ ▄███ ▀███████████████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ███████████▀▀▀███ ███████████▄▄▄███ ▀███████████████▀ | │ │ │ | | | | | | ▄███████████▄ ██ █████████ ██ █████████ █████▀ ▀█████ █████▄ ████ ▄█▄ ████ ██████ ████ ▀█▀ ████ ██████ █████▄ ▄█████ ██████ █████████ ██ ██████ █████████ ██ ██████ ▀███████████▀ ██████ ▄▄▄▄▄▄███████ █████████████ ▀███████████▀ | │ │ │ | | | | | | | │ │ │ | |
|
|
|
CryptoMobster (OP)
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 136
Merit: 16
Educator | YouTuber
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 20, 2019, 04:03:44 PM |
|
Many fails due to lack of Knowledge , due to greediness , entering at the high prices and market crashes due to which the holding period rises and if require money they will sell off quickly and end up losing the money . Better to start with low capital initially and see if one is good at trading .
![Grin](https://bitcointalk.org/Smileys/default/grin.gif) By far the best thing you can do.
|
|
|
|
|