Masplanc (OP)
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July 15, 2021, 03:04:14 PM |
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Trading cryptocurrency aren't for kid's , it's for people with matured mind. Going into cryptocurrency trading , one have to build up is mindset to be patient to trade for a long time. One of the problem that affects traders during trading is that they think so fast to make profits . Trading cryptocurrency for a very short time always is not the best as a trader . Successful traders I have come across go into longtime investment , trading is not just acquiring cryptocurrency but trading comes from the mindset. If the mind is not on positive direction it can result to bad outcomes. And at this point now that the cryptocurrency price is low it's best time to go into longtime trading that will yield good profits in time to come. So, do not be too hasty to make profits , short time trading don't pay much
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jackg
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July 15, 2021, 04:13:48 PM |
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Yeah it can take aquite a while to get familiar with what to pay attention to, what to notice and how to develop a strategy.
I doubt any resources can really help you speed up the learning process too as most of successful trading is recognising things you've seen before and determining how likely a swing in either direction is. The most you might get from a book is some ta stuff and risk management (but realistically putting more than 2% risk of you're deposited amount on anything is high - unless you're just holding/accumulating).
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dunfida
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July 15, 2021, 05:26:23 PM |
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Trading cryptocurrency aren't for kid's , it's for people with matured mind. Going into cryptocurrency trading , one have to build up is mindset to be patient to trade for a long time. One of the problem that affects traders during trading is that they think so fast to make profits . Trading cryptocurrency for a very short time always is not the best as a trader . Successful traders I have come across go into longtime investment , trading is not just acquiring cryptocurrency but trading comes from the mindset. If the mind is not on positive direction it can result to bad outcomes. And at this point now that the cryptocurrency price is low it's best time to go into longtime trading that will yield good profits in time to come. So, do not be too hasty to make profits , short time trading don't pay much
Short time trading doesnt pay much? You are wrong on here on that one buddy because if you do compared out the profitability between the two then you can really tell on which one would be worth of and this is one of the reasons on why people do go on active short trades rather than on just simply holding. 1.They dont have the patience to wait up that long. 2.They do need to roll up their investment fast. Yes, it does have cons but you wont able to know if it does work or not on you if you wont try.
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Yogee
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July 15, 2021, 06:31:11 PM |
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...If the mind is not on positive direction it can result to bad outcomes.
What's a positive mindset when it comes to trading? Mindset that you will profit? Isn't that kinda emotional if that's the case and traders should leave them out right? What we should aim for if we enter trading is a calm mind but that's easier said than done.
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abel1337
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July 15, 2021, 07:51:26 PM |
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...If the mind is not on positive direction it can result to bad outcomes.
What's a positive mindset when it comes to trading? Mindset that you will profit? Isn't that kinda emotional if that's the case and traders should leave them out right? What we should aim for if we enter trading is a calm mind but that's easier said than done. I don't think that the positive or negative mindset affects the trade so much that the trade is based on it. "Before", I am a negative thinker before and whenever I trade, I don't really expect to gain profit from that trade. All I know is to execute a trading order and nothing to be expected, If I win from that trade I will surely be happy, and If I lose It doesn't really affect me much. It also helps me become careful on how and when to trade so I think that kind of mindset is suitable for me "before". All of this is when I am new to trading a few years ago.
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stomachgrowls
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July 15, 2021, 08:59:42 PM |
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So, do not be too hasty to make profits , short time trading don't pay much
But if its done well then its really worth to test of and to mind that there are two types of investors which are ones who do held for long term and the one who do actively trade because they do like to make their capital grow in shortest time as possible.Its not really that a hasty decision since you can still take advantage on it depending on how you do make your trades. Desperation is something that could either give out positive or negative impact. Desperation in mix with some dedication is a bit good since you would really be that consistent but of course it would be needing that learning and mistake realization overall.
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Twinkledoe
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July 15, 2021, 09:19:47 PM |
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So, do not be too hasty to make profits , short time trading don't pay much
But if its done well then its really worth to test of and to mind that there are two types of investors which are ones who do held for long term and the one who do actively trade because they do like to make their capital grow in shortest time as possible.Its not really that a hasty decision since you can still take advantage on it depending on how you do make your trades. Desperation is something that could either give out positive or negative impact. Desperation in mix with some dedication is a bit good since you would really be that consistent but of course it would be needing that learning and mistake realization overall. Almost all traders have experienced failure at some point of their trading, whether small or big losses. With those losses, they learned their mistakes or where they made it wrong. Only experience can give the traders the real tips and tricks that they can use throughout their trading journey. For me, it is fine to make mistake in trading, because that will be used by yourself in your future decisions.
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goaldigger
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July 15, 2021, 09:49:23 PM |
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Making money takes time and those who make money instantly don’t know how to multiply it and because of greed, they’ll try again until they lose that money and that is because of their ignorance and lack of knowledge.
We should not rush things, in trading we value the time and we analyze the market but that doesn’t mean we are going to make money instantly. Always have your patience, understand the process, and be confident every time you trade, this is where real money came from which you’ll value later on.
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blockman
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July 15, 2021, 10:07:24 PM |
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For the long term, there's the strategy of holding. It's also the same as trading but you only sell when you see the price goes on the price that you desire and you don't have to be engaged in trading from time to time because you only need to wait until the right time comes. You're right that in the long term, there are more of those matured traders and they're no longer affected by the FUD and bad news that everybody sees from time to time because they're coming no matter what your stand is in the market. And as a trader, you can still earn short-term and make money from it but how sure you're with your strategy that you can make the most of it? unless you really are a professional trader and got a lot of experience and you know how to read indicators and charts.
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Clavulanic
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July 15, 2021, 10:10:46 PM |
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Trading cryptocurrency aren't for kid's , it's for people with matured mind. Going into cryptocurrency trading , one have to build up is mindset to be patient to trade for a long time. One of the problem that affects traders during trading is that they think so fast to make profits . Trading cryptocurrency for a very short time always is not the best as a trader . Successful traders I have come across go into longtime investment , trading is not just acquiring cryptocurrency but trading comes from the mindset. If the mind is not on positive direction it can result to bad outcomes. And at this point now that the cryptocurrency price is low it's best time to go into longtime trading that will yield good profits in time to come. So, do not be too hasty to make profits , short time trading don't pay much
There's nothing wrong with our aims to generate quicker profit, but using short time tradings isnt guaranteed to provide us certain profit. But we have to secure an asset which could brought us up to brighter future, as we decide to hold foe longer terms. I was once did a failure upon holding a token that doesn't even grow after an ico, so I made my choice to choose potential asset that's listed and active at trusted exchanges.
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██████████ | | | | | . Appreciate Coin | | | │ | Send and receive tokens in blogs and social media communities | │ | | | ▄▄█████████▄▄ ▄█████████████████▄ ▄███▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀███▄ ▄████ ███ █████ ███ ████▄ ▄█████▄▄ ▄▄▄▄ ▄▄▄▄ ▄▄█████▄ ██████▀▀ ▀▀▀▀ ▀▀▀▀ ▀▀██████ ██████ ███ █████ ███ ██████ ██████▄▄ ▄▄▄▄ ▄▄▄▄ ▄▄██████ ▀█████▀▀ ▀▀▀▀ ▀▀▀▀ ▀▀█████▀ ▀████ ███ █████ ███ ████▀ ▀███▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄███▀ ▀█████████████████▀ ▀▀█████████▀▀ | ▀▀▀▀▀▀▀▀ NO INFLATION . ▀▀▀▀▀▀▀▀ | | | | | ▄▄█████████▄▄ ▄███████▀▀▀███████▄ ▄████▀▀▀▀ ▄ ▀▀▀▀████▄ ▄████ ▄▄▄▄███▄▄▄▄ ████▄ ▄█████ ███████████ █████▄ ████▀ ▄██▀ ▀██▄ █████ ████ ████ ███ ████ ████ ████▄ ▀██▄ ▄██▀ █████ ▀█████ ███████████ █████▀ ▀████ ▀▀▀▀███▀▀▀▀ ████▀ ▀████▄▄▄▄ ▀ ▄▄▄▄████▀ ▀███████▄▄▄███████▀ ▀▀█████████▀▀ | ▀▀▀▀▀▀▀▀ TECHNICAL INTEGRATIONS . ▀▀▀▀▀▀▀▀ | | | ▄▄█████████▄▄ ▄█████████████████▄ ▄██████████▀██████████▄ ▄█████████▀ ▀█████████▄ ▄████████▀ ▀████████▄ █████████▄▄█▌ ▐█▄▄█████████ ████████████▌ ▐████████████ ████████████▌ ▐████████████ ▀███████████▌ ▐███████████▀ ▀██████████▌ ▐██████████▀ ▀█████████████████████▀ ▀█████████████████▀ ▀▀█████████▀▀ | ▀▀▀▀▀▀▀▀ GROWING USE CASES . ▀▀▀▀▀▀▀▀ | | | ▄▄█████████▄▄ ▄█████████████████▄ ▄████████▀ ▀████████▄ ▄████▀ ▄▄▄ ▀████▄ ▄█████ ███████████ █████▄ ████▀ ▄███████▀▀██▄ ▀████ ████ ████ ▀▀ ▄████ ████ ████▄ ▀███▄ ▄████▀ ▄████ ▀█████ ███████████ █████▀ ▀████▄ ▀▀▀ ▄████▀ ▀████████▄ ▄████████▀ ▀█████████████████▀ ▀▀█████████▀▀ | ▀▀▀▀▀▀▀▀ EASE OF CRYPTO TRADING . ▀▀▀▀▀▀▀▀ | | | | ██████████
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Hypnosis00
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July 15, 2021, 10:52:40 PM |
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I hope that it can be realized by those fainted hearts and to think that trading is not a tool to make us rich instantly, but sometimes this could bring us losses very quickly. Because we are too positive with the results but still we can never expect that it went so well, losses will certainly be happening to all of us as a part of trading. If we can understand the situation, it is for sure we know that profit can't be obtained without sacrifices and patience.
Learning will takes time, and so the profit will follow next. So it means that if you start trading now, you can probably make decent rewards a few months later, not by tomorrow.
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Hippocrypto
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July 15, 2021, 11:12:20 PM |
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I hope that it can be realized by those fainted hearts and to think that trading is not a tool to make us rich instantly, but sometimes this could bring us losses very quickly. Because we are too positive with the results but still we can never expect that it went so well, losses will certainly be happening to all of us as a part of trading. If we can understand the situation, it is for sure we know that profit can't be obtained without sacrifices and patience.
Learning will takes time, and so the profit will follow next. So it means that if you start trading now, you can probably make decent rewards a few months later, not by tomorrow.
Of course we can achieve our goals when good coins was accumulated on our holdings, but thinking about decent rewards after months can't be certainly meet. Sometimes it might take about years before you really feel the benefits of your investment, because market usually recover slowly. Maybe during bullrun months, but in reality hype was only a trending situation which people believed we're already experiencing bullrun.
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July 15, 2021, 11:25:28 PM |
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There is no success in short or long holding assets when it comes to trading ... Because it both gives a profit if your decisions are in line with what will happen at the right time and the opposite can also happen if you make a mistake in choices you make. Many lose money from HODL due to the expectation of a big return and some make money somehow in a short period. Most important of all is that you know the risk you have entered and you are aware of how the market is moving, you should also always be updated with news and new trends.
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Kimberl2020
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July 16, 2021, 01:19:45 AM |
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Learn to be friends with time. From my two-year trading experience, long-term investment is much more profitable than short-term investment, and it is much simpler. When I first joined the cryptocurrency industry, I couldn't help but frequently operate it. Since I bought it, I always looked at my account balance, and I wanted to make money right away. This makes me very anxious. When it loses money, I sell it immediately. It appreciated again after being sold. Frequent short-term operations not only make no money, but also lose money. Later, I learned to trade with a long-term perspective.
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andriarto
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July 16, 2021, 02:37:08 AM |
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Cryptocurrency trading is not a game, it's about real money. So hopefully every beginner to understand it first. long-term trading is suitable for beginners so that it is not too much of a burden if you jump straight into short-term trading. to start short-term trading we can learn with a demo account first or use a small part of the capital we have
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Questat
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July 16, 2021, 03:36:52 AM |
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Cryptocurrency trading is not a game, it's about real money. So hopefully every beginner to understand it first. long-term trading is suitable for beginners so that it is not too much of a burden if you jump straight into short-term trading. to start short-term trading we can learn with a demo account first or use a small part of the capital we have
But I suggest not to carry the burden if you think it was not suitable with your capabilities, it is suicide. Some just try and later on, they let it go knowing that they are incapable of doing it. To learn trading is easy but to accept losses is pretty hard because nobody wants it but this literally we have to experience it can be today, tomorrow, or maybe on the following day.
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Strongkored
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July 16, 2021, 04:43:55 AM |
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Trading cryptocurrency aren't for kid's , it's for people with matured mind
Yes you are right for this, but to be maturity trader must be willing to always learn from many sources, So, do not be too hasty to make profits , short time trading don't pay much Your statement is not always true, there are also traders who can earn a lot in a short time, because long-term or short-term it is more up to the style of each trader and also the expertise of the trader
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electronicash
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July 16, 2021, 04:56:06 AM |
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...If the mind is not on positive direction it can result to bad outcomes.
What's a positive mindset when it comes to trading? Mindset that you will profit? Isn't that kinda emotional if that's the case and traders should leave them out right? What we should aim for if we enter trading is a calm mind but that's easier said than done. I don't think that the positive or negative mindset affects the trade so much that the trade is based on it. "Before", I am a negative thinker before and whenever I trade, I don't really expect to gain profit from that trade. All I know is to execute a trading order and nothing to be expected, If I win from that trade I will surely be happy, and If I lose It doesn't really affect me much. It also helps me become careful on how and when to trade so I think that kind of mindset is suitable for me "before". All of this is when I am new to trading a few years ago. that's easy to do. it doesn't sound like we need a shaman for a guide. there is nothing else to do for our minds to be in the positive direction. from what i understand is that he meant to be a swing trader rather than become a day trader which is harder to learn and make money. this i think is about the personality of a trader. if he likes adrenaline rush, he could become a day trader which he could do some risky investment, do binary options or the risky margin with about 100x leverage in a 1-minute TF.
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danherbias07
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July 16, 2021, 05:05:22 AM |
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Yes, I strongly agree. It takes time but if there are stories out there that was made to a blog to introduce a speed trading profit those maybe lies for views and ads or just lucky traders that sold at the right time. It takes time and effort from monitoring the market, looking at history, learning how it reacts to different social media blast and more. Short-term trades are already riskier right now when volatility becoming higher. I guess it's because more people are trying it that's why high fluctuation rates are happening every minute.
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leea-1334
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 16, 2021, 05:25:11 AM |
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Face it all of you,,, not one of you was built for trading. Learn another skill,,, or improve the one you already have, most likely the job you are doing now is the one you are already good at and can improve at. Earn more money, live a better life, improve and educate.
On the side, you buy Bitcoin with Dollar Cost Average strategy (look it up).
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