mycryptoanalysis2019 (OP)
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May 26, 2020, 02:05:15 PM |
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You should not think of going into trading if you hate to lose money. I have read some comments both here and on social media on how much has made and lose. Trading is all about losing and making money, if you are afraid of one then avoid it completely. I have been trading stock and forex for more than 9 years now and of a truth it takes fearless mind to do so. You want to succeed in trade then you need to remove fear out of the way. Fear make you to lose money and opportunity.
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Ucy
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May 26, 2020, 04:19:57 PM |
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I agree. People could however minimize risk by learning to trade and trading with little amount, or what they can afford to lose until they have mastered the business. Fear will be reduced if you don't take too much risk with money and you will be more relaxed in the the course of learning. In the end good traders would be making more and losing less.
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Rengga Jati
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May 26, 2020, 04:37:49 PM |
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You are right. If we want to be successful in trading, we shouldn't be so afraid and even hate the risks. We must know that the risks are always there, they are something unavoidable. The right way isn't being afraid but knows it well how to handle or deal with the risks. We can minimize the chance of getting the risks if we know how to prevent it.
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htsy585
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May 26, 2020, 07:36:45 PM |
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You should not think of going into trading if you hate to lose money. I have read some comments both here and on social media on how much has made and lose. Trading is all about losing and making money, if you are afraid of one then avoid it completely. I have been trading stock and forex for more than 9 years now and of a truth it takes fearless mind to do so. You want to succeed in trade then you need to remove fear out of the way. Fear make you to lose money and opportunity.
In as much as being able to take risk contributes to being successful in any form of trading, i'd say taking calculated risk or risking the cash you can afford to lose is the proper go-to strategy. I've seen a lot of people burn up their portfolio all in the name of following the cliché "THE BIGGER THE RISK, THE BIGGER THE RETURN". I always trade by, as well advise people to take calculated risk because once you burn your entire portfolio, you won't get the chance to try again another day.
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tbterryboy
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May 26, 2020, 08:25:20 PM |
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Trading is all about losing and making money, if you are afraid of one then avoid it completely. I have been trading stock and forex for more than 9 years now and of a truth it takes fearless mind to do so. You want to succeed in trade then you need to remove fear out of the way. Fear make you to lose money and opportunity.
It seems too hard to access your points; but I cannot ignore the facts you are trying to convey. I can understand your 9 years of experience from your statements still I believe trading is all about making more profits than the losses. I can get you this way only. What is the point of trading if we keep losing and making profits at same level. You want to succeed in trade then you need to remove fear out of the way. Fear make you to lose money and opportunity.
So far, my understanding about the fear factor is not something different from your view as I treated fear as one of emotion failure and I do believe only courageous traders are able to risk more to get more rewards. Yes, I agree only when we remove fear then we can find more opportunities. People who are afraid of losing capital should not trade at all.
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milewilda
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May 26, 2020, 08:34:34 PM |
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You should not think of going into trading if you hate to lose money. I have read some comments both here and on social media on how much has made and lose. Trading is all about losing and making money, if you are afraid of one then avoid it completely. I have been trading stock and forex for more than 9 years now and of a truth it takes fearless mind to do so. You want to succeed in trade then you need to remove fear out of the way. Fear make you to lose money and opportunity.
Easy to say but actually a hard thing to get rid of, im also a forex and stock trader for how many years and due to experience you will surely mold up that kind of mindset or discipline on making yourself fearless or emotionless when it comes to scenario but somehow there are really situations that you cant really avoid not to react even how pro or veteran you are.Why? we are just human and do have emotions even though you've been here on this market for too long you cant still guarantee that you wont make any mistakes. Investment do always matter on how much you do risk on and if you dont like to risk or losing money then its just normal for you to stay away but to think, what would be the only way for you to make profits? by risking of course, you will still end up on the same path.
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LUCKMCFLY
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May 26, 2020, 08:42:33 PM |
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~snip~
The best way to see the trade is as a business, similar to any traditional business, with the difference that the ROI in this case is much faster, some businesses calculate to obtain 20% to start the profits from the 3rd year, in the trade you can get 30% almost that in a single movement, the important thing is to see it as a business with profits in the medium or long term but that is safe.
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bitbunnny
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May 26, 2020, 09:00:36 PM |
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I don't fully agree with what's been said. Everyone hates to lose the money, even the most successful traders, but what it's important is how you handle the loss and if you are prepared for it. That is why risk assesment is very important and you should never invest more than you can afford to lose. As long as you are aware that loss is inevitable part of trading and that you always need to.have recovery and back up strategy that works, you are all fine.
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chaser15
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May 26, 2020, 09:09:42 PM |
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You should not think of going into trading if you hate to lose money. I have read some comments both here and on social media on how much has made and lose. Trading is all about losing and making money, if you are afraid of one then avoid it completely. I have been trading stock and forex for more than 9 years now and of a truth it takes fearless mind to do so. You want to succeed in trade then you need to remove fear out of the way. Fear make you to lose money and opportunity.
That's the reality and I agree on that point. Trading might be a money generator to others but that's also a money-losing method if a trader does it the wrong way. But losing is part of trading so that's usual. As long as traders can maintain their good winning compare to losing, everything is fine. But how to maintain that winning? Remove doubt, fears, and take the risks. There is no easy money so challenge yourself to reach the top.
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NeuroticFish
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May 26, 2020, 09:18:38 PM |
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You should not think of going into trading if you hate to lose money. I have read some comments both here and on social media on how much has made and lose. Trading is all about losing and making money, if you are afraid of one then avoid it completely.
I think that this has to be rephrased a little. Nobody loves to lose money. The tricks are: to trade only money one affords to lose and to gain more than he loses overall (else sooner or later he'll have to find better ways to make money). But you seem to be missing the big picture. There are plenty of ads telling how easy crypto trading is and how easy will one get rich almost overnight. Many people don't understand that an ad is not necessarily true, especially on the internet and many just get their money from referrals. And many trade or invest their lunch money (if they are "lucky") or the money that should "feed" their entire family for a month, or their retirement money, and the list can continue.
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South Park
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May 26, 2020, 09:34:22 PM |
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I don't fully agree with what's been said. Everyone hates to lose the money, even the most successful traders, but what it's important is how you handle the loss and if you are prepared for it. That is why risk assesment is very important and you should never invest more than you can afford to lose. As long as you are aware that loss is inevitable part of trading and that you always need to.have recovery and back up strategy that works, you are all fine.
Agreed, risk is unavoidable not only in trading but on life as well, the trick is how to minimize your risk while at the same time you maximize the potential benefits you can get, this is what makes a good trader, most of the traders that fail on the markets are those that are unable to accurately determine the risk they are taking and then when something unexpected happens they take such a blow that their losses become unmanageable, on the other hand a good trader will see the risk he is incurring and will find a way to reduce the negative impact on his capital, as such a decent amount of caution is needed but not so much that it freezes you when something unexpected happens.
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Oceat
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May 26, 2020, 11:27:44 PM |
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Risk is a part of trading they shouldn't forget that since we are talking about money. Gaining and losing is all part of trading, that's why there's a risk management to minimize the losses versus what you gain. It's like gambling—you need some strategies and skills in order to gain from the other people who do trading too. Bitcoin is quite well-known of its volatility that's why everyone has a chance to gain. People should know how to gain more than to lose more over gaining when trading, just buy low and sell high.
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3996
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shadowdio
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Zawardo
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May 27, 2020, 06:01:42 AM |
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Well it takes time to develop to remove your fear of losing money in trading especially those beginners, it is not easy but ye I agree if you want to be successful in trading you must remove your fear, just be confident and also you must have strategy.
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pawanjain
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May 27, 2020, 07:20:46 AM |
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You should not think of going into trading if you hate to lose money. I have read some comments both here and on social media on how much has made and lose. Trading is all about losing and making money, if you are afraid of one then avoid it completely. I have been trading stock and forex for more than 9 years now and of a truth it takes fearless mind to do so. You want to succeed in trade then you need to remove fear out of the way. Fear make you to lose money and opportunity.
Very well said mate. I have seen people who start to trade and always complaint about how they are losing their money in trading. People should actually learn more about trading before they start to trade and know the fact that trading is a risky game. It's never guaranteed to make your profits in trading and it's purely based on luck and some skills you have on how to build strategies to trade. It involves risks and that's why a person should never invest more than he can risk to lose. Only a calm person can become a successful trader since patience is they key to trading.
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carter34
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May 27, 2020, 08:36:15 AM |
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Whether fear or no fear, I see passion as important to whatever calling you want to succeed in. Trading is a serious business, handwork or profession, so you can't have less passion for it. Your passion in what you do keep helping out even fallen times, you are ready to continue trying different methods on the way to success.
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Yaunfitda
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May 27, 2020, 09:51:42 AM |
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You should not think of going into trading if you hate to lose money. I have read some comments both here and on social media on how much has made and lose. Trading is all about losing and making money, if you are afraid of one then avoid it completely.
That is why we say that crypto trading is not suited for everyone, specially those who can't take the 'losing' part. If part of the gamble, if you don't understand how the system works and don't have a plan B or plan C, then better quit early to not lose more money. I have been trading stock and forex for more than 9 years now and of a truth it takes fearless mind to do so. You want to succeed in trade then you need to remove fear out of the way. Fear make you to lose money and opportunity.
I also have some experience in stock trading, so I know when to take the risk and I don't fear losing. Its part and parcel, no risk, no reward. Those opportunity are there to be taken by those who are losing to go.
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btc_angela
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May 27, 2020, 09:54:46 AM |
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You should not think of going into trading if you hate to lose money. I have read some comments both here and on social media on how much has made and lose. Trading is all about losing and making money, if you are afraid of one then avoid it completely. I have been trading stock and forex for more than 9 years now and of a truth it takes fearless mind to do so. You want to succeed in trade then you need to remove fear out of the way. Fear make you to lose money and opportunity.
True, those who succeeded in crypto trading have been those who have mustered and not fear about losing money. For them, it is a big psychological battle, they equip themselves with knowledge and experience and only think that they are going to win at the end. For the weak heart, it is very different, they have losing so the moment they got burn, they get out early, hence the term weak hands. So before someone goes into crypto trading, they should be really prepared to lose money in order to make more, simply as that.
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maxreish
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May 27, 2020, 01:25:11 PM |
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If you look trading as an opporunity to grow and to earn, then go for it. Take all the possible risk that it will take. But if you look at trading as a threat and is a coward to try it out then you are not in the right place. Taking the risk is one step for success. But there are some ways for you to procceed and set aside fear. - Stop loss
- Collect needed tools and continuous learning about trading shall incorporate
- Risk Management plan
- Stop profit limit or profit goal in every trade to minimize greed
If you try to trade and fail, why give up easily?
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Lanatsa
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May 27, 2020, 02:02:43 PM |
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You should not think of going into trading if you hate to lose money. I have read some comments both here and on social media on how much has made and lose. Trading is all about losing and making money, if you are afraid of one then avoid it completely. I have been trading stock and forex for more than 9 years now and of a truth it takes fearless mind to do so. You want to succeed in trade then you need to remove fear out of the way. Fear make you to lose money and opportunity.
That's the reality and I agree on that point. Trading might be a money generator to others but that's also a money-losing method if a trader does it the wrong way. But losing is part of trading so that's usual. As long as traders can maintain their good winning compare to losing, everything is fine. But how to maintain that winning? Remove doubt, fears, and take the risks. There is no easy money so challenge yourself to reach the top. There's no shortcut way on making money and thinking of on easy money or getting rich do just only happen in our dreams but in reality we would really need to work hard to achieve it. One of the factors that do highly affects us is on our emotions its hard to control it when we do already dealing up with money and its just normal for us to have that fear on losing but for us to make some gains then we do need to risk.If we really cant afford to lose up a cent then investment thing isnt really for you.Its your choice!
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GreatArkansas
Legendary
Offline
Activity: 2492
Merit: 1394
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May 27, 2020, 02:32:29 PM |
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We can also apply the law of attraction in trading. Which we should always be positive. What the more we are thinking the more gonna happen. Being negative for every trade is extremely awful. You should not be negative at all especially you are risking money, trading is not just a simple game.
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