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Author Topic: Trade isn’t for Me guys.  (Read 2012 times)
ife2020
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June 26, 2020, 11:21:26 PM
 #121

My Luck is not for Trading, I think Trading is not for Me.  I try it many time, and i understand that trade isn’t for me. Every time i lost my Satoshi on Buy/Selling,  becouse i haven’t any expression about Coin Chart, buy, sell and about more.          

Well, believing in yourself is one step in the right direction. Understanding why and the reasons for your losses is another right step in the right direction. Trading is not only about willingness to trade, but the willingness to learn how to trade, and also to master the strategy that works for you. So instead of panicking (which is okay); find out why you have losing your funds, work on yourself by going back to learning basics ta and fa. Then you can try again.

Never give up! and always do your own research
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June 26, 2020, 11:39:38 PM
 #122

My Luck is not for Trading, I think Trading is not for Me.  I try it many time, and i understand that trade isn’t for me. Every time i lost my Satoshi on Buy/Selling,  becouse i haven’t any expression about Coin Chart, buy, sell and about more.          

Don't trade then, just HODL. Most people lose money trading. They get you on the fees mate.
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June 27, 2020, 02:38:35 AM
 #123

One of the common problem on most people on where they do rush things up and doesnt bother to learn on gradual phase.They do aim to make

money thats why it would result into diving into the market without any proper preparation or knowledge on how to deal things up until they do experience

loss and do tell that this thing isnt really for them which is really a wrong mindset to have on.
it's natural, because trading looks easy enough, sometimes people underestimate it and try it out autodidact without information. many people who trade only are ready with the benefits, but not at the risk. however, this is a financial problem, so if they enter the trading zone, then they need to be prepared for the risks involved.

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lienfaye
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June 27, 2020, 03:05:51 AM
 #124

My Luck is not for Trading, I think Trading is not for Me.  I try it many time, and i understand that trade isn’t for me. Every time i lost my Satoshi on Buy/Selling,  becouse i haven’t any expression about Coin Chart, buy, sell and about more.          

Don't trade then, just HODL. Most people lose money trading. They get you on the fees mate.
Holding for long period is less stressful that might work for op. I tried to be a short term trader as well but doesnt fit me because I cant monitor the market often due to my real job. So I switched to be a holder and its best for me, I dont have to worry for the current price since I have a set period when to hold.

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darewaller
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June 27, 2020, 11:45:54 AM
 #125

My Luck is not for Trading, I think Trading is not for Me.  I try it many time, and i understand that trade isn’t for me. Every time i lost my Satoshi on Buy/Selling,  becouse i haven’t any expression about Coin Chart, buy, sell and about more.          
You made it clear why you’re not making profit, it’s because you’re trading without any experience.
How do you trade what you don’t understand and expect to make profit? Leave this trading Business for now and focus on learning it, don’t be in a hurry to make money or you will just be losing your money.

You should study trading, and study analysis, then learn about strategies for crypto trading and choose out the right strategy you think will work out for you. Apart from that you have to study the exchanges you want to be using, it’s really important man. After you follow these steps, I believe you will see some improvements in what you do. Just don’t be in a hurry.

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June 27, 2020, 12:27:00 PM
 #126

Don't trade then, just HODL. Most people lose money trading. They get you on the fees mate.
Holding for long period is less stressful that might work for op. I tried to be a short term trader as well but doesnt fit me because I cant monitor the market often due to my real job. So I switched to be a holder and its best for me, I dont have to worry for the current price since I have a set period when to hold.
I have almost the same situation. I made sure that I can not devote too much time to constantly monitor the cryptocurrency market, especially not having enough good experience. Initially, I learned to trade using a scalping strategy, which is very profitable for a beginner, but the more I tried to get a good profit, my terms of transactions increased from several minutes to several hours. After that, I stopped trading altogether, as prices went up after I sold my asset. I realized that it is better to invest your money in rating cryptocurrencies for a longer period
 and expect the best performance in the cryptocurrency market.

#business #forextrader #bitcoinnews #invest
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June 27, 2020, 02:20:05 PM
 #127

Investing is in fact different than trading and requires different skills but that does not mean that it is easier, an investor will need to hold his coins no matter what until it reaches his target price and this can be a very dangerous strategy especially if you want to implement this strategy with new altcoins, we have seen countless examples of people doing this over the years on the forum and getting awful results, as such you will need to know how to do your due diligence and the ability to know which coin is good to hold for the long term and which is not, but you will never know if you were right until it is too late making investing a very difficult way to make money.
I would say that investing is a part of trading and one who is good at investing would eventually be good at trading too.
Let me explain what I mean here. Trading has 2 parts mainly:

- Accumulating/buying an asset at lowest possible value
- Selling or getting rid of the asset at the peak time

Now, one who knows how to invest would actually know what is the best time to buy an asset and hence would easily overcome part 1 of the task and hence make it much easier to execute the second part which is much easier, just selling the asset at better or probably best value.

Overall, when someone is finding trading is not suitable for them than probably investing must be the right option for them to go with to find better ROI. In some perspective, both investing and trading look similar because only the timeframe involved is different between these two types of earning methods. Fortunately I am into both trading and investing as I am trading on long-term basis and investing for years.
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June 27, 2020, 07:41:03 PM
 #128

I think even if you are horrible at trading you could still make a profit from trading. All you have to do is actually focus on not making profit very quickly but making profit when you have the chance in the long term. Just buy it whenever you can and just hold it until you can profit from it. You bought bitcoin at 10k? Just focus on trying to wait as long as you can and not sell it when its low.

I understand that people can't wait and they get nervous and all of that will end up with actually losing money but at the same time if you are patient enough it will always lead to making a profit as well. So, I would say if you think you are very bad at trading and still want to be involved with bitcoin, just buy it and store aside and you will eventually make a profit with it if you wait long enough.
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June 27, 2020, 10:21:48 PM
 #129

I think even if you are horrible at trading you could still make a profit from trading. All you have to do is actually focus on not making profit very quickly but making profit when you have the chance in the long term. Just buy it whenever you can and just hold it until you can profit from it. You bought bitcoin at 10k? Just focus on trying to wait as long as you can and not sell it when its low.

I understand that people can't wait and they get nervous and all of that will end up with actually losing money but at the same time if you are patient enough it will always lead to making a profit as well. So, I would say if you think you are very bad at trading and still want to be involved with bitcoin, just buy it and store aside and you will eventually make a profit with it if you wait long enough.
There would be no other options but to have this kind of way on where he would hold up his coins and wait up for the price increase and yes, this would really involved long patience because these kind of events wont really happen in a short span of time which means, patience would be test out.If you arent effective in short tradings then stick with longer ones since this is considered trading but only on a
different of duration in terms of buying and selling.If OP isnt really that profiting since he do engage on active trading then he do really have the right or decision to stop no matter how well we do
suggest of on doing not or have some re-thinking.
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June 29, 2020, 04:10:28 PM
 #130

My Luck is not for Trading, I think Trading is not for Me.  I try it many time, and i understand that trade isn’t for me. Every time i lost my Satoshi on Buy/Selling,  becouse i haven’t any expression about Coin Chart, buy, sell and about more.          

Well, believing in yourself is one step in the right direction. Understanding why and the reasons for your losses is another right step in the right direction. Trading is not only about willingness to trade, but the willingness to learn how to trade, and also to master the strategy that works for you. So instead of panicking (which is okay); find out why you have losing your funds, work on yourself by going back to learning basics ta and fa. Then you can try again.

Never give up! and always do your own research
In most cases this approach of learning as you go is a great and will get you to your goal, but when it comes to trading and investing it can be one of the fastest ways to lose your money, in this market there are no do-overs, it takes years for people to get enough money to trade the markets and they can lose everything in a single day, even if you get to understand the reason of why this happened it will take years to get the necessary money again and it is to be argued if you will be willing to take the risk of losing your money again, this is why newbies should not trade until they have tested their strategy and they are completely ready otherwise they are just wasting their time.
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June 29, 2020, 07:00:12 PM
 #131

people have their own path to success, don't worry,
but you shouldn't give up now my friend, trading is difficult, but it can be learned

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June 29, 2020, 11:13:00 PM
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 #132

Those who gave a shit comment like "1 or max 2 trades a day is good", I've got an answer here.

It's a strategy to get rekt soon because it's not something compulsory to trade every single day. I've seen many successful traders not even trading for 2-3 years when they don't sense the necessity of trading. They pass the opportunities aside and see for the extreme possibility of their trades going into right directions. You need to trade only if you're sure enough that the outcome will be in your favor, the odds will be in your favor.

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June 29, 2020, 11:29:09 PM
 #133

people have their own path to success, don't worry,
but you shouldn't give up now my friend, trading is difficult, but it can be learned
It's correct, trading is never easy, you can stop but the opportunity is only for those who move forward. Those who aren't confident and can't accept failure, everything is not for them, best stop.
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July 03, 2020, 04:04:04 PM
 #134

Those who gave a shit comment like "1 or max 2 trades a day is good", I've got an answer here.

It's a strategy to get rekt soon because it's not something compulsory to trade every single day. I've seen many successful traders not even trading for 2-3 years when they don't sense the necessity of trading. They pass the opportunities aside and see for the extreme possibility of their trades going into right directions. You need to trade only if you're sure enough that the outcome will be in your favor, the odds will be in your favor.
That is known as overtrading, depending on the time frame you choose to employ you could end up with no trades for months or even years to making several trades per day, however as you say trading just for the sake of trading misses the mark by a mile, a trade should only be open if there is a decent opportunity to make money with it and our strategy tell us to do it, otherwise those people are just gambling with their money with the downside they are only getting frustration out of it and not getting any fun like it would be the case when it comes to gambling.
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July 03, 2020, 04:28:46 PM
 #135

Those who gave a shit comment like "1 or max 2 trades a day is good", I've got an answer here.

It's a strategy to get rekt soon because it's not something compulsory to trade every single day. I've seen many successful traders not even trading for 2-3 years when they don't sense the necessity of trading. They pass the opportunities aside and see for the extreme possibility of their trades going into right directions. You need to trade only if you're sure enough that the outcome will be in your favor, the odds will be in your favor.

If we slightly modify this strategy, we can get a fully working version.

The main principle for a beginner to stop trading every time when the number of unsuccessful transactions reaches the number of 3 in a row.
This will help to keep all things under control, and also eliminate the influence of the emotional background on the quality of trading.
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July 04, 2020, 11:53:59 AM
 #136

Well at first i also think that trading is not for me. But when i fucos on it i earn a lot, but sometimes we can really also loss in it and i think that is a normal thing as a trader, we need to know that there are always a risk in trading, because trading is a risky way of earning a profit specially when we don't have an experience.

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July 04, 2020, 12:13:48 PM
 #137

Those who gave a shit comment like "1 or max 2 trades a day is good", I've got an answer here.

It's a strategy to get rekt soon because it's not something compulsory to trade every single day. I've seen many successful traders not even trading for 2-3 years when they don't sense the necessity of trading. They pass the opportunities aside and see for the extreme possibility of their trades going into right directions. You need to trade only if you're sure enough that the outcome will be in your favor, the odds will be in your favor.

If we slightly modify this strategy, we can get a fully working version.

The main principle for a beginner to stop trading every time when the number of unsuccessful transactions reaches the number of 3 in a row

Yes, this can prevent him from more losses down the road

And what next? This trader will get back to where he started at (minus the money lost). The point is, stopping in time won't teach you how to actually earn something. Therefore, in no case can it be a fully working version of a trading strategy nor a main principle as some part is missing. In fact, the biggest and most important part. After all, you are in it not to cut your losses short but to make dough, right? This is your design, and the part which is missing

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July 04, 2020, 12:43:09 PM
 #138

I also got almost same experience with OP.
To be honest, if I will sum up all my trades from the beginning, I still lost in BTC value. That's why these past few weeks, I take a break on trading, but it's not mean that trade is not really for me.
I will still continue to learn a trading strategy or anything about trading, I still love and want to do trades.

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July 04, 2020, 12:49:19 PM
 #139

To trade first you need trading knowledge and then patience, Luck is not good, trade is not for me. These are nothing but excuses. Learn to trade before you trade. Make yourself, then trade live. I'm sure you won't blame luck anymore.
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July 04, 2020, 01:14:13 PM
 #140

These thoughts that revolve in your mind are the reason for your failure and lack of success my friend, you must set a goal and you must not surrender. We all suffered losses and failures in the beginning. I advise you to keep trying until you can achieve success
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