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Author Topic: to be able to get a large profit in today's trading is very difficult!  (Read 1851 times)
maydna
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December 22, 2019, 03:42:46 AM
 #41

what I experience now is difficult for me to be able to get a big opportunity in my day trading, and the difficulty now is to be able to predict the price of altcoin, several times I make purchases of coins that I choose to trade tend to always go down, and I beg tips with all that there are those here who are proficient in day trading so that I can trade well and can benefit.

I think you are not alone to feel like that because many of us still feel difficult to get a good time to trade. That is normal because, in the unpredicted market like today, we can make a mistake anytime because the market can go anywhere, which we don't know. But if you can buy at a low price, and sell when the price increases, you will not feel difficult because at least, you still make a profit although it is not too big. I think that will be okay because as long as we can still make a profit, we can do that over and over. I am sure that we will make a big profit in the future.

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December 22, 2019, 09:30:34 AM
 #42

I know it’s very hard and difficult, although I believe that, with proper risk-management, proper strategy, and adequate knowledge of technical analysis, one can profit in the crypto market. Rules and guidelines for any plan or set up is as easy as A,B,C,D. but we lack control and carry zero patience. That’s why simple trading becomes hard. Risk management is all it is. I go through this everyday and I know how hard it is for me to hold myself back. I find it really difficult to keep the money. Making money seems easy at times keeping it and walking away is very hard.
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December 22, 2019, 09:47:06 AM
 #43

Large profit is not my current goal. We should think smart and we should not be a greedy person. My goal is always about how I going to protect my funds in order to survive in the market. It is really hard to win in trading because of the volatility. But if you have proper knowledge and enough skills then we can easily protect our protect and we can manage to grow it.
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December 22, 2019, 09:55:35 AM
 #44

Large profit is not my current goal. We should think smart and we should not be a greedy person. My goal is always about how I going to protect my funds in order to survive in the market. It is really hard to win in trading because of the volatility. But if you have proper knowledge and enough skills then we can easily protect our protect and we can manage to grow it.
I also do the same thing particularly these days that there are a lot of scammers and hackers we have to secured our funds from them. Actually up until now I don't think that I have enough understanding but I keep on improving myself and keep on learning even if it's hard to cope up with every problems in the market, I'm still able to overcome it and continue my trading. Trading is hard and earning huge profit is difficult but as long as you understand that sometimes things doesn't come out as we expected then you can handle it, also when you are patient and you apply your skills and knowledge.

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December 22, 2019, 11:58:04 AM
 #45

This is sideways, you'll never get chance to know where is enter and exit position, best way is wait until next year and buy back again. No one will interesting to wait but if you push to enter market your money will stuck and there's chance price will go deeper than before, you'll lost. Cut loss every transaction you made and wait, be patient for better position to buy back.

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December 22, 2019, 12:24:39 PM
 #46

The best thing to stay away from most altcoins which classified as shitcoins, just pick some famous which tend to follow bitcoin path whenever it surges. Do not fall to the trading group advice to buy some altcoins, just check information regarding the development and acceptance or utility of altcoins, buy and be patient, it takes time to make a decent profit, that's why day trading isn't really profitable for small fish, whales who take the most.

 
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December 23, 2019, 09:04:11 AM
 #47

what I experience now is difficult for me to be able to get a big opportunity in my day trading, and the difficulty now is to be able to predict the price of altcoin, several times I make purchases of coins that I choose to trade tend to always go down, and I beg tips with all that there are those here who are proficient in day trading so that I can trade well and can benefit.
It is actually easier said than done. Look at the movements in crypto in the past 1 year, just check the prices and tell me in a perfect world where you buy every single dip and sell every single peak you wouldn't make money.

Someone who did that would have been super rich right now, doesn't matter where they started off with, if you used that for 10 crypto currencies including bitcoin as well and started with 100 dollars, you would have probably over 10 thousand dollars right now and for someone who can spare only 100 dollars that 10 thousand is huge, if you are richer and can spare more you would make more as well so it works out for everyone. The trouble is not the movements, the trouble is to predict those movements, there are plenty people who buy from the top and watch it go down as well which is the biggest issue.

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December 23, 2019, 11:11:49 AM
 #48

I know it’s very hard and difficult, although I believe that, with proper risk-management, proper strategy, and adequate knowledge of technical analysis, one can profit in the crypto market. Rules and guidelines for any plan or set up is as easy as A,B,C,D. but we lack control and carry zero patience. That’s why simple trading becomes hard. Risk management is all it is. I go through this everyday and I know how hard it is for me to hold myself back. I find it really difficult to keep the money. Making money seems easy at times keeping it and walking away is very hard.
I totally agree on this one, we should not stick on a single strategy because the market is always changing we should also change our strategy and market approach every time we deal with the market. What I do now is just hold, I see no difference in the market moving down since the 2018 although btc has gone too far. It could take another year for the market to skyrocket, or worse it could take couple of years.

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December 23, 2019, 11:31:23 AM
 #49

trade on bitcoin / USDT. it's easier to predict than trading on altcoin. it's just throwing your money away. a few months ago, I traded on altcoin. The early days are very good. profit of more than 30%. but in the end is destroyed. my funds and profits have been reduced by more than 70%. because of the uncertain direction. Bitcoin is more for trading.



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December 23, 2019, 01:37:26 PM
 #50

trade on bitcoin / USDT. it's easier to predict than trading on altcoin. it's just throwing your money away. a few months ago, I traded on altcoin. The early days are very good. profit of more than 30%. but in the end is destroyed. my funds and profits have been reduced by more than 70%. because of the uncertain direction. Bitcoin is more for trading.
Given the current market, I also think trading BTC / USDT is the simplest way for us to make a profit these days. The current altcoin market has no volume, and if the market is bleeding, we will surely receive a loss of 10-20% if we do not place a stoploss.

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December 23, 2019, 02:41:55 PM
 #51

I stopped day trading now, because it is really hard to get into even after my 2 years of being here in cryptos.  I'll just probably stick with my usual strategy and that is long term hodling. I might consider in my strategies the arbitrage strategy, but I haven't register nor explored a lot of exchanges yet so I might need to take time.

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December 23, 2019, 03:23:23 PM
 #52

In my opinion for the current situation the market is not good for daily trading and is very risky and very unlikely to make a profit, it is better to take a short break for daily trading or switch to long-term trading which is certainly profitable and most importantly you have to wait patiently.
and indeed knowledge and skills can help in any trade, but the market situation is very important to make the right decision so as not to regret it.

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December 23, 2019, 03:26:51 PM
 #53

Don't use daily trading strategy because market in sideways mode, your money will stuck or lost value. Sideways is critical moment that market will show the real direction ( soon ), market only need impact from buyer/ seller and currency as pairs. No wave in this mode only correction available. Use long term period strategy to face this situation, martiangle money management for manage risk and small fund for buy back. Stay calm and pray.

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December 23, 2019, 05:15:15 PM
 #54

what I experience now is difficult for me to be able to get a big opportunity in my day trading, and the difficulty now is to be able to predict the price of altcoin, several times I make purchases of coins that I choose to trade tend to always go down, and I beg tips with all that there are those here who are proficient in day trading so that I can trade well and can benefit.
The market is very volatile that we can't predict or we can't say when will the price will increase or decrease, that is why it is hard to trade today. Cutting our losses is one of the best options that you need while we are facing the bear market for us not to have huge losses because holding our coins today are dangerous.

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December 24, 2019, 03:17:30 AM
 #55

Trading  isn't easy as you think. Considering that you are doing such DAY trades. The market is hard to predict, gaining big profits is difficult to achieve now, there are so many sideways especially in day trading. I may suggest you do some margin trading or a long term trading, at least  less risk but a high chance of profits.

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December 24, 2019, 04:40:10 AM
 #56

It is really difficult to trade if you do not have enough information. It is easy to trade if we have enough information and if we know what we are doing. If you want a large profit then make sure that you fully understand the whole cryptocurrency. You should know when to entry and exit in the market. Having risk management can help us to earn big amount of profit.
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December 24, 2019, 05:51:22 AM
 #57

It is really difficult to trade if you do not have enough information. It is easy to trade if we have enough information and if we know what we are doing. If you want a large profit then make sure that you fully understand the whole cryptocurrency. You should know when to entry and exit in the market. Having risk management can help us to earn big amount of profit.

I'm sure when we facing the real market the knowledge in cryptocurrency is not easy to implement in trading, even we already have much knowledge in crypyo, the market is always succed to surpriced us with it's crazy movement.

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December 24, 2019, 09:07:24 AM
Merited by Ziskinberg (3)
 #58

Now we have to realize that the market never looks to be an easy money driver and become a multi-millionaire for just a month or year. Then people will stop thinking like that for they have been experiencing difficulties right now. The crypto market hasn't huge market support by now https://news.bitcoin.com/market-update-bears-claw-crypto-prices-below-long-term-support/ making this way to drop the price. But I'd don't think that we can't be able to make recovery, it might take days, months or years to have it and patience is very important by now.

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December 24, 2019, 02:18:19 PM
 #59

I think, with the current market conditions it is indeed difficult to be able to get a profit and do not expect you will get a large profit, get a small one is very difficult and you should be grateful if you are lucky, but keep trying

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December 24, 2019, 06:10:13 PM
 #60

To be honest, there has been "investments" since 5000 years by now, literally proof of Sheppard buying more and more sheep as an "investment" so they could sell some of them later instead of actually just having "enough" for them, so there has been the idea of investments for centuries and it has never been easy to invest and make money or make money trading.

If you think trading was easy back in the day then you are looking at it in hindsight because it has been very difficult during those times as well, nobody knew bitcoin could have gone to 20 thousand dollars, I had bitcoin when it was 250 dollars for example, if I knew it would go that high I would have waited but I sold it when it went to around 900 dollars thinking that was some sort of record and I should count my profits. So, for the past 5000 years, investments have been difficult, even in the last 10 years, crypto trading was always difficult.


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