ChrisPop
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Not your Keys, Not your Bitcoins
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October 08, 2020, 05:49:23 PM |
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High volatility doesn't necessarily means high risk. There are multiple factors in the equation. If you have proper risk management knowledge and EXPERIENCE which is extremely important in a competitive environment. Only through repetition you learn to master emotions in trading.
For example if you take a position of $100 worth of LONG BTC contracts at $10,000, you will only lose $30 if dips 30%. Is that high risk if you have a $5000 account. Not really, but it depends on your risk tolerance.
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abel1337
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October 08, 2020, 05:57:46 PM |
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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. Losing money on your way to gather knowledge is applicable only for those who are really serious about trading and won't give up no matter what the result he will get in the process of learning, A rightful amount of capital is also needed in this so the trader won't burn out in the middle of his "charge to experience trading session". There are better ways to learn trading without spending any penny, Simulators, and practice trading apps are always available on the internet. I think hiring experienced trader before and today is so much different, There are many platforms that offer hiring traders and these platforms show the success rate of those traders. Learning trading and hiring trader is both profitable, It will just depend on your lifestyle and belief on what kind of method you will use to get profit.
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adzino
Copper Member
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www.Crypto.Games: Multiple coins, multiple games
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October 08, 2020, 07:01:07 PM |
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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.
Bitcoin isn't as highly volatile as other altcoins, but yeah it is some what volatile. There are people out there taking the advantage of this volatility and making huge profits. But one small mistake and you could lose everything you had, that is something I won't deny. If you act smart and not invest on those shit coins, chances are you will make loses, but you won't lose "everything". -snip- 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
No, you should never give anyone your money to trade on behalf of you. They won't care if they make any loss since it is not their money.
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Oceat
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October 08, 2020, 09:55:00 PM |
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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. I've never seen a good trader doing trades for the other because if you think about it, why bother to trade others money than to trade on your own if you're good of what you are doing? And to the person who trust the person to do the trading for them, didn't you guys worries if your money might gone for good because you entrusted it to someone? That's why learning to trade on your own is the basic things you need to do because you can't always let others do the trading for you if you are so unknowledgeable.
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AmoreJaz
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Leading Crypto Sports Betting & Casino Platform
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October 08, 2020, 11:33:16 PM |
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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. I've never seen a good trader doing trades for the other because if you think about it, why bother to trade others money than to trade on your own if you're good of what you are doing? And to the person who trust the person to do the trading for them, didn't you guys worries if your money might gone for good because you entrusted it to someone? That's why learning to trade on your own is the basic things you need to do because you can't always let others do the trading for you if you are so unknowledgeable. exactly! if you are good at it, why not do it for your own self? every crypto trader starts from scratch. they learn tips and tricks along the way. like for example, how to spot pnd coins? only experience will give you the edge how to spot those kind of coins. even if someone is giving you a hint, without actual experience dealing with this type of coin, would be hard for you to identify the signals when it is already happening in the market. crypto trading is quite different as every coin or token has their own story. and you need to know their story so you know how to attack them in the market. otherwise, you are blindly trading and losing is in the cards...
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Kasabus
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October 08, 2020, 11:56:07 PM |
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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.
Bitcoin isn't as highly volatile as other altcoins, but yeah it is some what volatile. There are people out there taking the advantage of this volatility and making huge profits. But one small mistake and you could lose everything you had, that is something I won't deny. If you act smart and not invest on those shit coins, chances are you will make loses, but you won't lose "everything". -snip- 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
No, you should never give anyone your money to trade on behalf of you. They won't care if they make any loss since it is not their money. Trade with your own money and never entrust your money to someone else because if you lose, you will be the one to suffer the losses and not them. Just keep on trading even there are losses sometimes because trading is just between making profits or losing your funds. Once you developed your own skills and strategies in trading, winning profits is not that hard to achieve.
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mersal
Member
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Merit: 38
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October 09, 2020, 04:18:44 AM |
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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
There is no such thing called fund management exists in crypto trading because they no need to go through tedious process to complete trading, it is simple and can be done in minutes so any amount of transaction can be done by yourself no matter how much busy person you are so yes there is no need to trust your money with someone because no one is going to make your rich, it could be only you.
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gabbie2010
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October 09, 2020, 06:14:24 AM |
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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.
Bitcoin isn't as highly volatile as other altcoins, but yeah it is some what volatile. There are people out there taking the advantage of this volatility and making huge profits. But one small mistake and you could lose everything you had, that is something I won't deny. If you act smart and not invest on those shit coins, chances are you will make loses, but you won't lose "everything". -snip- 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
No, you should never give anyone your money to trade on behalf of you. They won't care if they make any loss since it is not their money. Trade with your own money and never entrust your money to someone else because if you lose, you will be the one to suffer the losses and not them. Just keep on trading even there are losses sometimes because trading is just between making profits or losing your funds. Once you developed your own skills and strategies in trading, winning profits is not that hard to achieve. There are avenues to practice trading before going live demos and stimulators are some common tools, practices and make profits consistently to avoid giving out money to the so-called traders who also struggle to make profit. There is no holy grail in trading find a good strategy with a low risk and hig reward ratio work on it with a proper money management Meanwhile trading with a higher timeframe atleast 4H to weekly timeframe takes care of some risk associated with price volatility especially when using a lower timeframe 1min, to 1 hour.
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bitzizzix
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October 09, 2020, 06:39:37 AM |
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Granted, crypto trading can earn you huge profits in minutes, days, and even weeks, but unfortunately you can also lose everything you've invested or traded in seconds due to volatility results. And if you trade crypto based solely on advice from friends or whatever, you may end up losing a lot of money if it doesn't go your way and if you want to learn and listen to Expert tips and learn them as best you can you can make better decisions about market issues .
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iamsheikhadil
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October 09, 2020, 07:13:08 AM |
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What I believe is trading without knowing what you are doing is simply gambling with your money ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) it's very very risky to just put money in either buy/sell order without analysing price trends for a given stock/crypto. There is a method of copy trading though, where you can copy trade from someone who's an expert by paying a small fee to them, but yeah, it's best to learn all of it by yourself so you save the money you pay on fees and become independent in trading ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Gaston Cavalier
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October 09, 2020, 07:38:58 AM |
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It's a difficult, complex performance skill very sensitive to any inconsistencies and rookie mistakes.
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michellee
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October 09, 2020, 08:05:03 AM |
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Trade with your own money and never entrust your money to someone else because if you lose, you will be the one to suffer the losses and not them. Just keep on trading even there are losses sometimes because trading is just between making profits or losing your funds. Once you developed your own skills and strategies in trading, winning profits is not that hard to achieve.
Yes, we need to be responsible for our money and never let other people manage our money because we don't know if they can manage the money or run with our money. Staying to trade will be good for you to make money, but you must learn more about trading to improve your skills to make a profit. But we can not expect to have high trading skills in just one-night because that will need time before we can improve our skills.
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btc_angela
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October 09, 2020, 08:43:53 AM |
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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
And who are in their right frame of mind will give their money to someone and trade it for you? Unless it is a copy trading, but still there is no assurance that you can be successful. And it's our money anyways so I wouldn't blindly trust someone specially if if will involved huge amount of money. So it's better to really learn how to trade by yourself. I started my training journey with at least 0.01 BTC worth of today. It was not a success, but at least I've learn a lot from it, write down my bad experience and never did that same mistakes again.
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MCobian
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October 09, 2020, 10:05:47 AM |
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Of course learn to trade by ourselves is a must, if we are planning to trade, because it is very important for us to have knowledge about trading, so it will not make us wrong steps. Trading without learning beforehand is not recommended, because we will definitely have difficulty analyzing the market. And the consequences can make us suffer losses that can make all our capital run out. And don't follow other people's trading signals to make decisions when trading, that there we can go wrong because buying at peak prices. Trust your own trading skills to be able to get profit from trading.
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2double0
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October 09, 2020, 11:14:09 AM |
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Trader needs to learn discipline at first to become capable of following his own rules. If you decide to leverage at 5x but you are sure that this trade can make you 20% with 5x and then, greed knocks in and you decide to make it 10x, your risk doubles here. Do not go for more than what is decided. And always put a stop loss in this because leveraging is another type of gambling where you get the game or you go home being a loser.
Mark my words - It is not necessary to lose first to become a successful trader.
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dothebeats
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October 09, 2020, 11:34:53 AM |
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I started playing with altcoins and low amounts of bankroll. Never really learned much of indicators, candlesticks, TA and the likes but I made a decent profit from just following my instincts and trying to learn the signal from noise. News also helped me formulate better decisions on my position, and allowed me to gauge the current market sentiment and draw a line from where the next movement will be. Without practice and just reading books on how to trade, one will never really know how unless they’re confronted by the real thing. Practice hones skill, and skill brings profit. Without those, you’re just a sorry trader living by the books who never made it out in the open.
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AniviaBtc
Sr. Member
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First 100% Liquid Stablecoin Backed by Gold
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October 09, 2020, 02:49:59 PM |
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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
For me, self-learners are much more flexible and adaptive when it comes to the market situation because they experienced different ups and downs in the market. If you are willing to learn trading, you should learn if with yourself, seek advice and never ask someone to trade for you. Volatile market should be studied and overcome so that your assets will not in risks so much compared to those traders who knew nothing but trade.
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Ridwan Fauzi
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October 09, 2020, 03:10:11 PM |
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There is no trade/investment place who doesn't have a risk (high risk). But it is just for someone who doesn't know anything to trade and he force himself to trade, that is fool decision. For those who knows and have many experience to trade I think all condition market are safe for them, although they got loss they will eventually recover their losses.
As for the volatility market, I don't think that is something that should be avoided. Even, I myself prefer to trade when the volatility market is high, I can get profit/loss in no time, compared to the slow price movement is very boring, I have to sit in front of the monitor with an uncertain feeling. And until now, the low price volatility is something that I should be avoided.
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bitgolden
Legendary
Online
Activity: 2912
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
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October 09, 2020, 04:06:11 PM |
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Learning how to trade yourself without any help is not an easy task, not many people can do it because usually it requires some lessons.
However there is a big difference between learning how to trade from other people and just trading something because others do. If you learn how to trade from books, videos and classes you will learn what to do and how to trade but if you just copy someone elses trade and do the exact trade you will never understand why you did that trade and eventually you will lose all of your money.
This is that simple saying "give a man a fish and you feed him for a day, teach a man how to fish and you feed him for a life" because if you teach people how to trade they will make their own money without you but if you just tell them what to buy you are not helping.
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Renampun
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October 09, 2020, 09:09:34 PM |
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I also keep shouting this, you have to trade on your own... Don't want to be fooled by investment management or brokers who promise big profits if you give them money. they are just marketing and already have a thousand reasons when losing in the market. You will only lose if you entrust your money to others. 'learn to trade on your own even if it's difficult'
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