Don't be too desperate to make earning

[mk4]

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.

tldr; short-mid term trading/investing is not for everyone, but it can also be very profitable if you know what you're doing; and that's a huge if. Short-mid term trading simply requires A LOT of psychological experience to be able to pull it off, whereas most people are simply incapable.

[ethereumhunter]

Many traders are trying to chase the profit once they got profit before. They forget that the price can not still increase after reach the high price because the price can back to the lower price and adjust price for a while.

If traders can calm down in trading and not thinking about the profit, they will see their chance to continue trading or need to leave the market for a while. Maybe this time is a good time to buy coins but to make sure, you need to analyze more.

[Kelvinid]

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.

OP is absolutely right. And I think everyone should be aware of how difficult to make money from trading. And this is also why only a few people become successful in this field where many just lose and stop trading. I can really imagine the sacrifices and struggles for those who survive. If they don't have a positive mindset, I'm sure they also give up after suffering losses.

I could say that those who come for short-term trading will likely are not to succeed but those who aim for long-term trade have more chance to win. And why? it is because the market recovery couldn't be made so fast, that it takes weeks, months, or even a year.

[Cling18]

One of the common mistakes of traders that fail is being impatient and seeing crypto trading as a shortcut to success which only leads them to disappointment in the end. Trading is a long process of learning and it isn't a shortcut to success because there are still lots of risks that we have to face. If our mindset would focus on gaining profit without learning and adopting the changes in the market, you'll surely lose and have regrets in the future.

[Chato1977]

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

Desperate investors commonly are the losers in this market because lets admit that there are no specification when the market will grow or will continue to fall.

if you invested in this market you must be sure that you can handle all things that will come your way specially the dumping and the lowering of the amount in fiat of your crypto investments , because in short period of time market will go around either in favor you or out favor.

[Reatim]

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.

Wrong , there are strategies to use in putting our money here.

- There are Long term holding in which you are mentioning.

- There are Semi long term.

- There are day trading.

- There are Arbitrage .

and some other strategies uses to earn .

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

But the best of them all is of course you must be ready for long term holding , if you fail in your short term then expect to keep them longer than you expected.

[Kittygalore]

Disagree with the title all the way, don't make stupid decisions just so you can make an earning if you have all the choices available and you were raised to know what's right and wrong but that will only apply to some people that have the privilege, unlike those who are from the slums, the unwanted ones, they get desperate easily especially if starving is going to be the cause of their death, think of them as wounded animal, they will do everything and they are unpredictable when they are put into a corner.

[isaac_clarke22]

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So, do not be too hasty to make profits , short time trading don't pay much

Chill out in this statement, OP. I failed back in my first few day trading days, but the profit was surely gonna be continuous there if I just kept it up for few more. It was just cents but if you continuously save that up, imagine how much profit you got in that day.
In long-term investment, you are kind of waiting a "fixed target price" before you sell.

[Alisha-k]

I agree with you @Op desperation only ends a trader in consistent loss take out time to learn the skill then practice with demo until you are good enough to handle live account. Every one has the tendency to succeed in trading but it takes a more deciplined trader to get the right concept and make good profit.

[milewilda]

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So, do not be too hasty to make profits , short time trading don't pay much

Chill out in this statement, OP. I failed back in my first few day trading days, but the profit was surely gonna be continuous there if I just kept it up for few more. It was just cents but if you continuously save that up, imagine how much profit you got in that day.
In long-term investment, you are kind of waiting a "fixed target price" before you sell.

Slowly but surely does work on this market but dont always anticipate nor expect that you could profit or make greens from time to time.Therefore, consistency would be the main key on here and desperation would really create that kind of motive which would result into actions which shouldnt supposed to be done.Fix up your mindset on how you would gonna make profit on a non rush way because hurrying up
will really be pushing you to done things which arent that good or suggested. Take it slowly and you would be good as you go ahead.

[LimLims]

I agree with you @Op desperation only ends a trader in consistent loss take out time to learn the skill then practice with demo until you are good enough to handle live account. Every one has the tendency to succeed in trading but it takes a more deciplined trader to get the right concept and make good profit.

You did explain it great and i am agree with you.
A trader’s only fear is desperation and greed.
If he always be desperate in making huge profits in small amount of time, then ultimately he will face losses.
What he can do instead is wait for the right time to buy and sell and gain some proper information about the market.
If he overcome the above two mentioned things, then he can surely make good profits.
Hope this add something meaningful to the OP.

[ven7net]

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

Yes you are right. Cryptocurrency trading is not an occupation for everyone, or for successful trading, I would say you need to have a special mindset. The fact is that when trading cryptocurrency, you need to be able to make quick decisions, be able to analyze the market situation and try to anticipate what will happen next. Such a mindset is far from being common, and I would say it is generally a rarity, hence the majority of those who lose money. I have traded cryptocurrencies and I know how it works, while I know people who would also like to trade and earn money, but they are afraid to even register on the exchange on their own, what then can you even talk about? So cryptocurrency trading should be done by people who understand the complexity and responsibility of their actions.

[Yamifoud]

snip...

Yes you are right. Cryptocurrency trading is not an occupation for everyone, or for successful trading, I would say you need to have a special mindset. The fact is that when trading cryptocurrency, you need to be able to make quick decisions, be able to analyze the market situation and try to anticipate what will happen next. Such a mindset is far from being common, and I would say it is generally a rarity, hence the majority of those who lose money. I have traded cryptocurrencies and I know how it works, while I know people who would also like to trade and earn money, but they are afraid to even register on the exchange on their own, what then can you even talk about? So cryptocurrency trading should be done by people who understand the complexity and responsibility of their actions.

To learn about trading is our responsibility if we would like to become a pro trader, we can let other people do that but by just ourselves. That is why, if we plan to become a trader it is a need for us to set a plan, to define what we really aim for. I know we are here just for money, to make a decent return is what we want to achieve but can't be denied that not all the time we are too lucky nor the market is going up.
Earning money in trading is not impossible but indeed, it was not easy as well. If we are not able to achieve it on our first try, we still have a chance on the next try.

[ipanks]

It is not easy to profit from trading because there are many things you need to learn to know how to trade better. Sometimes, short time trading can pay you a big profit, especially if the bull trend is coming because that means you will see the profit will come to your coins. But if the market is like today, I am not sure that you can make a profit unless you have skills and know when to trade. If you can learn trading from many lessons, I am sure someday, you can be a pro trader.

[Obito]

Hate to disagree but short time trading can make you money if you are patient enough to watch the price movement everyday, I think that you will be able to make money out of it. Of course you are right that we shouldn't be desperate about making an earning since there's a likely chance that you might mistake in your haste to make a profit but saying you can't earn in such a short time isn't really true.

[velosepur]

According my 6 years experience only i can write about trading and crypto investment is that there is no secure way to make profit. Short and long have good and bad things and no rule at market. Cos crypto is not predicable so invest smart, dont invest money you cant afford to lose. Simple. Regards and good luck.

[MIner1448]

Yes, really emotional attitude in this matter is very important, because at first, if you do not choose the right trading strategy, then you can drain your entire deposit and withdraw into yourself, many give up this business without even starting to trade. There is no need to despair, you can cover monthly trade minuses with one deal.

[john_nautica]

Hate to disagree but short time trading can make you money if you are patient enough to watch the price movement everyday, I think that you will be able to make money out of it. Of course you are right that we shouldn't be desperate about making an earning since there's a likely chance that you might mistake in your haste to make a profit but saying you can't earn in such a short time isn't really true.

I would have to disagree with OP too. Short time trading can bring profits too if a trader knows how to handle and make wise decision. Also, going with the flow of the trend can be such a huge opportunity to make money in just a short span of time. Desperation in making a living can come at a cost of making unnecessary and bad decisions because of too much eagerness. So, determination is what we must all possess instead of mere desperation.

[Renampun]

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

by continuing to practice then a newbie will become a master...

it's true that crypto trading is not a kid's game, it's good to keep learning and trying to gather experience so that the mind is more mature. For newbies, it is highly recommended to do long-term trading so that you don't just cut losses.

[gabbie2010]

Hate to disagree but short time trading can make you money if you are patient enough to watch the price movement everyday, I think that you will be able to make money out of it. Of course you are right that we shouldn't be desperate about making an earning since there's a likely chance that you might mistake in your haste to make a profit but saying you can't earn in such a short time isn't really true.

I think some traders fail to earn  profits on short term trading because they don't have the knowledge and skills to do so whereas there are other experience traders who trade on short term basis and are making profits consistently especially those that scalp using high leverages on future trading, this style of short term trading is not meant for everbody especially newbies who want to become rich quickly or overnight. Traders suppose to research the type of trading that will fit their style either long term or short term, I will advise newbies to opt for long term trading so as to have enough time to analyze their charts and steady movement of prices in higher time always quarantee profits if the trader is patience and avoid greediness.