Rather learn to trade by yourself

[cytpoway121]

This is a high volatility market? People don't understand what it means, it means the risk is very high, it can break you more than it can make you, it's takes luck and wisdom, consistency and lesson and teachings learned about trading, coupled with discipline the individual uses to take profit.

This crypto currency market is not trade fair or Walmart market.

Trading is very risky, we just trade with risk management. Never give anybody money to trade, if it goes soar wetin u go talk.

Best is to learn the exact process or strategy, and trade for yourself, than give your money to someone to trade for you in a very high volatile market

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[allahabadi]

Did you recently lose money by trusting someone in this market? Hence the rant, I can totally understand where this is coming from.
But how do you propose to teach yourself, or what's the guarantee you won't lose more money by punting it yourself.

Anyways my best wishes for your trading. Just don't overleverage or get too emotional.

[Tytanowy Janusz]

High volatile market doesn't mean high risk market. You can lose all your money in one day on Forex with is not volatile at all but traders go with up to x500 leverage. You can also trade for years here on crypto. The key is money management. To know when to stop. To know how to calculate risk and compensate it with lower position size.

Position Size for dummies:
https://bitcointalk.org/index.php?topic=5266064.0

Learn money management under pressure:
https://bitcointalk.org/index.php?topic=5122226.msg50225995#msg50225995

[Lorence.xD]

Nothing wrong with hearing or reading what someone says, in the end it is your decision whether you want to do the things. It is wiser to learn about others mistakes rather than your own mistakes. Press on and you will be successful in trading one day, you can learn but next time think about the decisions that you will do.

[mk4]

High volatile market doesn't mean high risk market. You can lose all your money in one day on Forex with is not volatile at all but traders go with up to x500 leverage. You can also trade for years here on crypto. The key is money management. To know when to stop. To know how to calculate risk and compensate it with lower position size.

True. The "riskiness" of a certain asset completely depends on the person trading it. I can find forex riskier than crypto, while you may find crypto riskier than forex, and vice versa.

With that said, I completely get why OP has that opinion though. Big price movements tend to mostly mean potentially higher losses for the typical trading newbie. Hence why I really don't recommend depositing money immediately for the beginners, as fortunately virtual portfolio(play money) trading exists.

[n0ne]

People should know what exactly is the market of cryptocurrency and the nature of its movements. Users have a thinking, cryptocurrency trading is the possible way to earn big. But lack about the true understanding about the market volatility.

Getting suggestions and the basic learning from a known person is always good, but later one need to experiment and do thyself. The suggestion from other persons might sometimes go wrong, but the loss is ours. This will create some bad feelings.

[molsewid]

Of course, trading your own money is better than trusting money to someone. Even if this person who knows to trade is your personal friend, family or whatsoever.

Some people understand it and accept what it takes. And some of them stop trading. People who always fail will learn and will be successful one day. If you fail in trading, it's okay. Even pro traders fail, too. So don't be afraid to trade until you mastered the process or strategy in trading.

[rhomelmabini]

Setting yourself to learn is really the best way to learn especially what's the best strategy you could get by self-learning. Moreover, I believe we wouldn't have the monopoly at all on learning especially on trading and asking for some help onto experts or taking some advice isn't that bad too.

I try futures trading but somehow it gives no luck yet as I'm also doing some self-learning, been into tens of liquidation (I guess) but it's for experimental purposes only. I know it's risky and I believe that experience as well is the one that teaches us most.

[cabron]

There is never a market that isn't risky but if I have to learn about the market, I'd rather be trading myself than asking someone else to do it for me. Losing will teach traders how to trade well.

I think most of the traders see risk as a chance to make money in the market. The more they learn about the market the more these traders tend to seek the opportunity by trading.

[lifeOK]

Absolutely right. This is the reason it's so critical to figure out how to trade and management risk. Buying and trading based off hype with no plan in place is how you blow your account very quickly. All the things up to you, what you want to do. You are steering the ship for this situation.

[Maroons]

There is never a market that isn't risky but if I have to learn about the market, I'd rather be trading myself than asking someone else to do it for me. Losing will teach traders how to trade well.

I think most of the traders see risk as a chance to make money in the market. The more they learn about the market the more these traders tend to seek the opportunity by trading.

I don't know why people would do that, I mean it's your money so you should be the one doing it so that you know what is happening with your money, I am pretty sure that if a person is interested in trading, he/she should be the one doing it, if he/she does not know how, learn it, educate yourself, just like what you have said the more they learn, the more they seek, so you should be the one doing it plus if you are gonna let someone else trade your money for you no matter how close you are, you won't be getting all of the money you will earn and what if he/she quits trading for you, then you're done so better to invest some time and effort in learning it and for sure it will be worth it.

[Eureka_07]

This is a high volatility market? People don't understand what it means, it means the risk is very high, it can break you more than it can make you, it's takes luck and wisdom, consistency and lesson and teachings learned about trading, coupled with discipline the individual uses to take profit.
<snip>

Any investments can cause anyone to lose all of his/her investments.
All investments has risks, it's just up to you how you will take and manage it.
The risk that has been accepted for the investment will be worth it if it's been properly managed, but it is not always guaranteed.
That's why taking experiences and knowledge is some keys toward the success on trading.

High volatility also brings high profits compared to those that are less volatile assets.
Avoid buying on the peak of the hype.

[YOSHIE]

Best is to learn the exact process or strategy, and trade for yourself,

Strategy, analysis, learning, experience and so on about crypto trading in that market. Almost 70% of people have it all, since getting to know crypto and until now, of course it has been done for yourself, not for others.

than give your money to someone to trade for you in a very high volatile market

The risk is certain, if the market is unstable, why should we give money to other parties to exchange, while we are familiar with the exchange sites that exist in the market today that we have.

If we already know the exchange, of course we do it ourselves.

[ethereumhunter]

If you want to trade, you need to learn the basic thing about trading. The high volatility can be anticipated by having enough knowledge about trading to analyze market situations. It is no problem if you are making a mistake while you trade, especially if you are a beginner. But you don't need to stop learning if you want to become a pro trader. As long as you can know how to manage the risk in trading, you don't need to be afraid because you can calm down and know how to decide on the market situations.

[death69]

Did you recently lose money by trusting someone in this market? Hence the rant, I can totally understand where this is coming from.
But how do you propose to teach yourself, or what's the guarantee you won't lose more money by punting it yourself.

Anyways my best wishes for your trading. Just don't overleverage or get too emotional.

There is nothing can guarantee that he will not lose his money in the future after learning trading by himself. But at least he try, and there is nothing to be shamed about it. Trading is one of the most difficult things to learn on this world because when you successfully understand how to make money with it, you will never need to have others kind of job (unless you want to go to work cause of being bored). You are fully managing your economy, your time, your job and also your life.

There are hundreds of books out there and many trading courses on the internet. Put some efforts on it and I believe you will receive much much more. Dont afraif of losing money. There are demo account for you to give it a try.
Good luck and best regards 

[CryptopreneurBrainboss]

Love how you starting with indicating luck as one of the key factors before listing the others. Many feels that's not the case but that's my believe because irrespective of how enlightening, educated or good you're on any field, you'll need a little bit of luck to excel in that field. There has to be those that'll greater than you when this qualities are measure but might not habe your level if luck, which will just out yiu above them.

One of the mistakes most traders make that cost them big time is the lack of using stop loss for their trade. The market is highly volatile and since we aren't bots to be constantly monitoring the market to sell when the market is moving in a negative direction, the only leverage we have over that is to have a stop-limit market already in place waiting to be executed.

The advantage of experiencing trading yourself than giving your money to some 'so called expert' is that you learn both ways, when the market goes in your prediction, you profit and also learn how to make such correct prediction and in a scenario when the market was goes against you, you'll still gain by taking corrections on bettering yourself but that can be said if you're relying on another user experience.

[chip1994]

Anyways my best wishes for your trading. Just don't overleverage or get too emotional.

To trade well, emotional management is still a small part.  In my opinion, we should learn more about the market, when understanding how the market works everything will be easy. When the market shows a cash flow, simply buy it.  Emotional suppression and too much analysis only add to the stress.

[el kaka22]

I understand that people who are afraid of making trades are always going to be scared but it also means we are in a volatile market upwards as well when we are right. Plus look at bitcoin, for the past year it hasn't really moved too much, just during the pandemic period it moved a bit and I understand that but if you are a long term investor you could have started the year with $7k and right now would be over $10k, without caring about what happened in the middle.

This is exactly why I believe that if you are in a volatile market but the long term outlook is great, you could potentially just let it be and not worry about the volatility at all. It is just a way of thinking in bitcoin world, if you want quick gains you may not manage it with all this volatility but in long term its almost always profitable.

[bittraffic]

Its more satisfying to lose money when you trade it yourself than losing the money by someone else fault. It will just leave a disgust to that person and you suffer in the end. But if you trade yourself and learn every time you lose a trade, it leaves a valuable lesson for you to keep.  Trading is risky everyone knows this already before they even try it but its riskier to give it to someone to trade it for you.

[Spaffin]

Its more satisfying to lose money when you trade it yourself than losing the money by someone else fault. It will just leave a disgust to that person and you suffer in the end. But if you trade yourself and learn every time you lose a trade, it leaves a valuable lesson for you to keep.  Trading is risky everyone knows this already before they even try it but its riskier to give it to someone to trade it for you.

I believe the risk is also high when trading on your own without any experience, and when hiring an experienced trader to trade your cryptocurrency capital. It is in this case that there are more chances to make a profit if you do not have the knowledge to trade on your own, but you have a trader you trust and who can really earn and increase your capital thanks to your capital. But in this case, the main thing is Trust in the trader.