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Author Topic: Trade isn’t for Me guys.  (Read 2010 times)
Stedsm
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July 07, 2020, 05:58:48 PM
 #161

That can help to slowdown your losses but that does not really help with the main issue which is losing money on the markets, losing 3 trades in a row is also not really a sign of a bad trader, if the system you are using has a low accuracy but it is still profitable then it is probably a better idea to reduce your position size rather than to miss a trade that can be the one you were expecting all along and were trying to catch, however even such measures does not mean you have a working system in fact this is the bare minimum needed to have a chance on the markets.

Actually I never told anyone not to trade for too long a term, but I said that just spectate whenever you are unsure of the markets and biased about the ongoing situation. Missing a trade could help rather than going in for that trade with bigger the size due to greed. And keeping it lower from the start (like max 3-7% of your total portfolio per trade) and having a trailing stop in order to move your stop loss from SL zone to TP (take profit) zone helps you a lot in preserving a trade in a much better way.

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July 07, 2020, 06:01:05 PM
 #162

My Luck is not for Trading, I think Trading is not for Me.       
Does it mean "you give up", buddy? I also experienced many losses in trading but I think stopping trading isn't the right solution. If you are still dreaming to stay longer in crypto space, you need to learn and do trading. To make profits, you need to trade your coins as you won't keep them on wallets forever. And to trade well, you need to have trading skills and do proper ways of trading. How you can master them? You need to learn trading from various sources and got experiences. It is not easy learning to trade as it is not a simple work but if you are serious about it, then you probably master it gradually. So, I suggest you to continue trading, don't stop it too early.  

R


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July 07, 2020, 06:14:12 PM
 #163

You have mentioned the few things you need to know, anyone could be successful in trading if he or she learn the necessary details, get information from experts. There is no crime in making mistake but turning back means you have accepted the defeat and you don't want to know it. Every trader here will have one story to tell. That you have started means you are steps closer. My candid advice, Don't quit.
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July 07, 2020, 07:47:21 PM
 #164

You have mentioned the few things you need to know, anyone could be successful in trading if he or she learn the necessary details, get information from experts. There is no crime in making mistake but turning back means you have accepted the defeat and you don't want to know it. Every trader here will have one story to tell. That you have started means you are steps closer. My candid advice, Don't quit.
Right, when he knows about the details of his mistakes, basically he already knows something that needs to be corrected and for that reason, then he should learn the points he realizes and then continue to learn for deeper understanding. Understanding or knowledge in your case is the main point for you to be able to correct mistakes to achieve the expected success and do it with great effort.

You wouldnt learn if you dont make yourself learn from those mistakes and due to experience you would really able to grasp out something that you havent experienced before.

You cant directly say that trading isnt for you just because you do lost up your money yet its part of the risk, the important thing here is that you do able to learn up
gradually.

Use those losses as learnings then apply it on next trades yet you already know on which one is to avoid on.

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July 07, 2020, 08:40:46 PM
 #165

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 need to take your time and know why you have been losing in trading. Before you quit, you should first know why and if it’s something you can’t tackle, then you should call it a quit. It’s true that trading doesn’t work for everyone, but figure out why. It might be that you don’t have a precise strategy that you’re using to trade, a very good strategy that works. Other ways that you can be making mistake is when you keep looking at social media as your source for trading tips or when you always try to FOMO.

If you don’t know how to trade you can decide to make use of platforms that allows copy trading, and you can be copying trades of professionals.
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July 07, 2020, 09:35:39 PM
 #166

Do not tell people that they are lazy without knowing much about them. First of all they could be saying trading isn't for them for totally different reasons and we should try to be a bit more understanding of them. Secondly it is not lazy to be not wanting to learn something, they might just feel like maybe they do not want to learn so many things to become a trader, maybe it is too much work and they rather spend that on learning something else? Who knows what the reason is.

Finally, full time day trading is a job, it is like any other job, and it requires studying a lot and after all of that even if you know what you are doing, you can still end up losing a bit of money time to time as well and emotionally it is a roller coaster, so it is definitely not everyone's thing.

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July 08, 2020, 12:59:34 PM
 #167

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,  because i haven’t any expression about Coin Chart, buy, sell and about more.          

Many are called but few are chosen, these are the sentence I read in some books where this one telling the truth.
If you think that trading is not for you, that means you quit on learning about in trading mate. Aside from that, trading is not that easy
as other's thinking about it of course not. It needs passion and determination for us to get profit in the future.
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July 08, 2020, 01:11:31 PM
 #168

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.          
The luck factor only affects a little in trading. If you have a gambling mentality, I hope you don't take it with you to your trade.
Trading has the right time to do it, not continually buying when you profit or selling when you lose. Profits and losses in trading are not determined by the system like gambling, but from your analysis and decision.

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July 08, 2020, 02:46:48 PM
 #169

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.          
The luck factor only affects a little in trading. If you have a gambling mentality, I hope you don't take it with you to your trade.
Trading has the right time to do it, not continually buying when you profit or selling when you lose. Profits and losses in trading are not determined by the system like gambling, but from your analysis and decision.

Well trading and gambling are two different games, with different rules, and if you wish to be good at them you need to know everything about them and to have the right approach! Of course that you can't relay on luck in trading as much you can do that in gambling. Wrong approach will always lead you to losing your money.
Trading is not for everyone, nor gambling. For these two you need to have a bankroll and you need to have knowledge about what you plan to do with money you have!

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July 08, 2020, 11:13:19 PM
 #170

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.          
The luck factor only affects a little in trading. If you have a gambling mentality, I hope you don't take it with you to your trade.
Trading has the right time to do it, not continually buying when you profit or selling when you lose. Profits and losses in trading are not determined by the system like gambling, but from your analysis and decision.

Well trading and gambling are two different games, with different rules, and if you wish to be good at them you need to know everything about them and to have the right approach! Of course that you can't relay on luck in trading as much you can do that in gambling. Wrong approach will always lead you to losing your money.
Trading is not for everyone, nor gambling. For these two you need to have a bankroll and you need to have knowledge about what you plan to do with money you have!

In everything we are engage on then it does really need a specific factor for you to withstand the risk involved on each area.Trading can still be considered gambling if you dont know on what you are doing.
It all matters on how you do deal with it and when you do commit out such mistakes then thats the time you do learn up from them.You decided to engage with trading then you should strive to learn up all the things that are needed to learn.If you cant cope up then try the best as hard as you can because you wouldnt get the idea if you dont experience on your own.

R


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July 09, 2020, 10:43:44 PM
 #171

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.          
The luck factor only affects a little in trading. If you have a gambling mentality, I hope you don't take it with you to your trade.
Trading has the right time to do it, not continually buying when you profit or selling when you lose. Profits and losses in trading are not determined by the system like gambling, but from your analysis and decision.

Well trading and gambling are two different games, with different rules,
They are different games but there rules are not completely different.

and if you wish to be good at them you need to know everything about them and to have the right approach!
No one can know everything about crypto trading or gambling and whats important is understanding the fundamental principles which which is good guide in making right the approach.

Trading is not for everyone, nor gambling. For these two you need to have a bankroll and you need to have knowledge about what you plan to do with money you have!
Knowledge in every investment setting but trading and gambling is for everyone people just need to understand type thats right for them.

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July 09, 2020, 10:50:45 PM
 #172

Well, no one is born as a pro trader, everything takes time. The time is the biggest teacher and the learned lessons are priceless in life. Trading is all about combination of management, discipline, money and skills. Better to give up rather than blowing thousands just in learning process.

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DevilSlayer
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July 10, 2020, 01:20:06 AM
 #173

I think it is normal for a trader to feel unmotivated at the start because of huge losses that he/she keep increasing. But overtime, you will handle it very well even though there is still a pain. I also said it to me before but I proved that trading is really for me. I worked hard to regain all of my losses and now, I'm financially free and I consistently earning in the market.

For those people who are now losing their confidence in trading, make sure you rest and comeback whenever you are ready because trading is a set of rules. If you have weak hands, you will keep losing. Earning experience and confidence are not easy and it is one of the reason why they are only few traders who are becoming successful.
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July 10, 2020, 03:06:11 AM
 #174

Well, no one is born as a pro trader, everything takes time. The time is the biggest teacher and the learned lessons are priceless in life. Trading is all about combination of management, discipline, money and skills. Better to give up rather than blowing thousands just in learning process.
that is something that needs to be known, and I think people are aware of that. it's just that, their defeat in trading strategy makes them fall and do not want to go back there. Well, that is indeed not an easy job to master, in fact, all things also need a certain amount of time to learn. however, I believe that he will again do or learn how to trade well.

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shushu9977
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July 10, 2020, 04:07:21 AM
 #175

It is not easy to trade. Because, it will so difficult to realise what happen to next or price of crypto-currency. But when you see the price of crypto-currency low, than you buy for profit. Mostly,  I do it for my own investment and few times I failed, but overall I profit my coins.         

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Itsmylife
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July 10, 2020, 06:55:21 AM
 #176

It is not easy to trade. Because, it will so difficult to realise what happen to next or price of crypto-currency. But when you see the price of crypto-currency low, than you buy for profit. Mostly,  I do it for my own investment and few times I failed, but overall I profit my coins.         
But what do you use to compare  with the price of the cryptocurrency to see the price is low?
I think for the first time we need to see the cryptocurrencies that have been backed by major communities like NEO, ADA .... then compare its price with the DOGE coin based on the total supply and the price between them,and the most important factor is it can not be mined.
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July 10, 2020, 12:05:54 PM
 #177

Well, no one is born as a pro trader, everything takes time. The time is the biggest teacher and the learned lessons are priceless in life. Trading is all about combination of management, discipline, money and skills. Better to give up rather than blowing thousands just in learning process.

I agree with you. I know everyone has to learn first then practice a lot in order to get better at anything. While that is true, some people become extremely good with certain things almost like they were born for it then there are some people even when they put in too much, they still suck at it. In my opinion, it is better to to work more on individual strengths rather than facing false hope that you'll get better and keep losing tons of money and opportunities. Same goes for someone who sucks at trading but is an all-star when it comes to discovering profitable investment opportunities. It's different for everyone.

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July 10, 2020, 07:11:24 PM
 #178

For those people who are now losing their confidence in trading, make sure you rest and comeback whenever you are ready because trading is a set of rules. If you have weak hands, you will keep losing. Earning experience and confidence are not easy and it is one of the reason why they are only few traders who are becoming successful.

stop for a moment to gather determination and knowledge, it's so good...
there is no point in forcing yourself and being too confident when you are classified as a new trader, if you fail in the first try it's a natural thing, stop for a while then gather knowledge, determination, and capital to return to trading in the future



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Rainbot
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DevilSlayer
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July 11, 2020, 01:24:51 AM
 #179

For those people who are now losing their confidence in trading, make sure you rest and comeback whenever you are ready because trading is a set of rules. If you have weak hands, you will keep losing. Earning experience and confidence are not easy and it is one of the reason why they are only few traders who are becoming successful.

stop for a moment to gather determination and knowledge, it's so good...
there is no point in forcing yourself and being too confident when you are classified as a new trader, if you fail in the first try it's a natural thing, stop for a while then gather knowledge, determination, and capital to return to trading in the future
That is what you called rest, do not force ourselves on the things that we cannot control. It is better to stop first then try to get back your confidence after that, start trading again. Losses are inevitable, it is part of the process of success.

Many traders becomes discouraged whenever they experienced losses, this is a wrong mindset because we should embrace it and try to learn new ideas and concept that can help us to become a wise trader.
isaac_clarke22
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July 11, 2020, 01:47:13 PM
 #180

Well you could still earn aside from trading anyway.
I know that nobody enjoys losses but do you still see yourself earning from it like you enjoy learning the ropes of trading.
Day trading wasn't for me and I am even quite lazy to get back up so I just decided to throw it all to Bitcoin.
It's either you go back to trading once again or try other things to earn in crypto.
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