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Author Topic: Trading is not meant 4everybody  (Read 1129 times)
blockman
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November 09, 2021, 10:13:50 PM
 #21

Everyone are welcome to trade as long as they are on a legal age and of course have knowledge on trading but if none, better to learn the process first. Trading is not easy, it can be more unpredictable and too risky for a newbie but as long as you have the determination to learn, you can be very good in trading later on you just have to sacrifice first.
Trading is for everybody but there are a few of those that are serious about it. Upon knowing what's the result of their trades and if it's for them, they'll continue.
For those that see that they are no good at it, they stop and think of another source where they can make much money. Trading requires not just money as capital but also a lot of factors, experience, stress, wise decision making, and other factors that will help you become a better trader.

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November 09, 2021, 10:18:37 PM
 #22

Everyone are welcome to trade as long as they are on a legal age and of course have knowledge on trading but if none, better to learn the process first. Trading is not easy, it can be more unpredictable and too risky for a newbie but as long as you have the determination to learn, you can be very good in trading later on you just have to sacrifice first.
Everything would really be needed and of course you should know on how to process out whether deposit or withdrawal and for you to successfuly able to process those profits and possible deposits then you should really be on legal age or simply does have the documents
for at least when verifying a certain platform account which would ease the problem and the next problem is on how to be profitable in
trading which is on everybodies challenge on this career.

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November 09, 2021, 10:45:20 PM
 #23

Trading is a game of risk,therefore,not everybody can do it.Trading is meant for the determined,it is meant for people who are not scared to take risk,it is for people who despite loosing once,they are still optimistic about winning again.
Most people can invest,because because it is safe,it does not carry so much risk,but trading needs your regular attention, it requires strategies in running it.It is indeed not meant for everybody.
Trading needs a total focus and commitment. Unlike investment where you hold for as long as you can and even if the project fails you still have some reserved fund because definitely not everything will wipe off. But for trading a trading account can go down within seconds if a wrong analysis is used
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November 09, 2021, 10:46:27 PM
 #24

there are a lot of people who trade but only a small part can get away with continuing trading. for example, when trading began to boom, in my place many young people were interested and ended up do trading. but it didn't last long, they gave up on the ups and downs of the crypto market. that is why trading is not for just anyone because not everyone can accept the consequences of trading. so my advice before entering the world of trading is correct if we first understand well what trading is and how it works.

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November 10, 2021, 02:48:36 AM
 #25

Trading is a game of risk, therefore not everybody can do it. Most people can invest and honestly it's safe but it is risky to newbies. Trading is meant for those determined people, those people who are not scared to take risk, it is for the people that despite of loosing but they are still hopeful and confident on winning again. Trading is for those people who understand a lot on it. Newbies also might do trading but some of them loses the money they invested because they are impatience and very emotional. So, that's why it is not meant for everybody. Trading needs a total focus and commitment. So, my advice before doing trading is to understand first what is trading and how it works.
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November 10, 2021, 07:55:06 PM
 #26

Trading is not just buying cheap and selling high. not that easy. because psychology will be played and strategy is needed to make a profit.
If trading keeps failing and getting losses, stop first, correct what is wrong with you. Learn technical analysis and fundamentals well in order to be able to read the market well. Don't enter the market without trading knowledge, it will just waste your money.
Trading will not always be profitable, there will certainly be losses. But we must know how to minimize losses and maximize profits.
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November 10, 2021, 08:48:13 PM
 #27

Trading is not just buying cheap and selling high. not that easy. because psychology will be played and strategy is needed to make a profit.
If trading keeps failing and getting losses, stop first, correct what is wrong with you. Learn technical analysis and fundamentals well in order to be able to read the market well. Don't enter the market without trading knowledge, it will just waste your money.
Trading will not always be profitable, there will certainly be losses. But we must know how to minimize losses and maximize profits.
Buy low Sell high!

This had been the very concept of trading but even on how basic it is then you couldnt really just tell on how simple it would be done or when you are on the actual
condition.Due to unpredictability of the market  then this is what makes more hard for you to determine on where do prices go.Trading isnt really for everybody but it doesnt mean that you cant really able to handle it out.It would really be not simple but not impossible and it will vary on how you do make out your assignment on
learning up everything.So its up to you whether you do go ahead and get serious with it.

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November 12, 2021, 09:49:01 PM
 #28

there are a lot of people who trade but only a small part can get away with continuing trading. for example, when trading began to boom, in my place many young people were interested and ended up do trading. but it didn't last long, they gave up on the ups and downs of the crypto market. that is why trading is not for just anyone because not everyone can accept the consequences of trading. so my advice before entering the world of trading is correct if we first understand well what trading is and how it works.
Another issue with trading that is not mentioned much is that you earnings are not regular like what you get with a job, basically one month you could make a lot of money and then the next month you get nothing or you even lose money, this means that if you lose money several months in a row it is going to be very difficult for you to keep trading especially if you are depending on trading as your only source of income, so I am not surprised the young people of your community could not trade for long.
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November 12, 2021, 11:08:22 PM
 #29

@Mpamaegbu
Newbies like us do not like to hear loses cause it always pissed us off. Profits is what we always like to hear, maybe it keeps us going to the doom site. I'm relearning.

Focusing on profit and not on gaining skills is the wrong mindset. It could only lead you to lots of losses in the future. It would be better to gain more knowledge and skills on how to do trading the right way because the one who is knowledgable about it has an advantage. Trading is actually a long process of learning and as a beginner, it's fine to hear about losses so you'll be ready to face the possible reality of a life of a trader.
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November 12, 2021, 11:41:57 PM
 #30

That is the reality...we all are welcome but somehow, only a few were able to reach their goal while some are quitting at the start when suffering heavy losses and difficulties. Yeah, that honestly wasn't hard to start but at the moment when you are in actual trading, there you can find the reality about trading where you often lose than to make a profit. It is all about how to manage yourself from this situation, but if you have to gain more knowledge and are familiar with the market situation, that is pretty easy for you to deal with and adopt the changes.



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November 13, 2021, 08:13:31 AM
 #31

Op I'm disputing the fact that you said trading is not meant for everybody, trading is for everyone who is cryptocurrency enthusiasm, and it only come like game of luck because of it's nature of profit, so everybody who are into cryptocurrency especially bitcoin can adventure into trade as well, the challenges in trading is the ability to bear the lost if it occurs, because it's base on three categorical function or base, which is (risk) (lost) and ( gain) so the risk the elementary determinate of all. So it's good to acknowledge from the mistakes of others who has been trading for awhile so that much lost will not occur during the process, and is very clear that in trading it doesn't have a speculated age bracket before you can adventure into, what matters in trading is the knowledge to execute your own trade.

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November 13, 2021, 12:37:35 PM
 #32

Trading is not for everybody...

Truly it is not, but how can you know it is not for you if you never try it. I think before jumping into the conclusion that trading is not for you, you should first give it a try because who knows, it may just be your thing. However when you have given it a trial after learning and you just suck at it, be responsible enough to accept that it may not just be your thing and HODLing is best for you. If you must, you may persist and try to break the mojo of it not being your thing through extra work, if you are willing to commit dedicatedly, you may just be able to turn it in your favour and make it a thing for you.

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November 13, 2021, 02:07:14 PM
 #33

Trading is not for everybody...

Truly it is not, but how can you know it is not for you if you never try it. I think before jumping into the conclusion that trading is not for you, you should first give it a try because who knows, it may just be your thing. However when you have given it a trial after learning and you just suck at it, be responsible enough to accept that it may not just be your thing and HODLing is best for you. If you must, you may persist and try to break the mojo of it not being your thing through extra work, if you are willing to commit dedicatedly, you may just be able to turn it in your favour and make it a thing for you.
Trading isnt something that you could get on just few tried or in a short span of time which it is normal that you would really be getting those kind of mistakes which might be on a very long losing streak or comes to a point on where you would really be giving up because you had lost that much
and its true that there are things on this world which isnt really meant for us which does simply means that you would need to sustain and be patient
on verything so that you would able to have a good grasp on it.

Quitting isnt the solution unless on the worst possible situation you are in but we know that human beings are really that adventurous which
simply means that whenever they do experience hardship then they would really be finding ways.

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November 13, 2021, 02:14:29 PM
 #34

Trading is just for people with a lot of patience and with different strategy, knowledge and skills. People with self discipline and able to control emotions, with a lot of time to focus on trading and risky. If you don't have that qualification then I think trading is really not for you.
Traders who don't have patience always loss their portfolio, while in a bid to become rick quickly lead to rekt of many newbies account, even with a working strategy taking hasty trading decision would amount to losing some profitable trades thus the ability to deal with emotions and fear is necessary for all traders, of course losing a trade is normal however the ability to recover losses and become profitable again with strict money management defines a good trader, these are all the necessary skills and knowledge needed to become successful however not every newbie is ready to learn to trade.

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November 13, 2021, 02:35:08 PM
 #35

Trading is not for everybody...

Truly it is not, but how can you know it is not for you if you never try it. I think before jumping into the conclusion that trading is not for you, you should first give it a try because who knows, it may just be your thing. However when you have given it a trial after learning and you just suck at it, be responsible enough to accept that it may not just be your thing and HODLing is best for you. If you must, you may persist and try to break the mojo of it not being your thing through extra work, if you are willing to commit dedicatedly, you may just be able to turn it in your favour and make it a thing for you.
At a glance and generalization, it's really impossible to say exactly who trading is for and who it will reject, almost all needs personal testing in the process and to be honest, people's suitability is relatively high in trading, trading doesn't seem to be a thorough recruiter, it allows entry at low cost and it won't say heartbreaking rejections, quitting trading comes only from individuals who feel their skills are not enough. The lack of commitment and learning makes trading strange and alienating ourselves, not for all just the hateful look from the losers

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November 13, 2021, 06:47:20 PM
 #36

@Mpamaegbu
Newbies like us do not like to hear loses cause it always pissed us off. Profits is what we always like to hear, maybe it keeps us going to the doom site. I'm relearning.
"if you don't feel lost then you don't lose" this is what a professional trader once told me.  you have to hear a lot of losing stories from other traders and start analyzing the causes of their losses so you can make it a valuable lesson.  a child can't walk if he doesn't force himself/herself to walk even if he/she falls and gets hurt...that's how you trade.

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November 13, 2021, 07:51:17 PM
 #37

Obviously it's not for everybody, just like having a job or a business, you only do it based on your skills and passion, without that in you, you'll never be effective in the field you are trying to pursue. Trading is very risky, you are investing in yourself here, so you also have to ensure that you understands what you are doing and you believe that you have the skills to be successful.

........

You are trading and you keep losing, two options for you;

1) Stop trading
    A.) Stop trading and get more skills

You don't do this, you'll only stop if you don't want to get more skills, stopping means quitting or ending your journey in trading.

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November 13, 2021, 08:00:41 PM
 #38

Obviously it's not for everybody, just like having a job or a business, you only do it based on your skills and passion, without that in you, you'll never be effective in the field you are trying to pursue. Trading is very risky, you are investing in yourself here, so you also have to ensure that you understands what you are doing and you believe that you have the skills to be successful.

Trading is more of your luck then how much knowledge you have and how proficient you are in using trading tools. One thing we need to admit is that majority of traders end up losing money that's why its called trading is not for everyone. One more thing about crypto trading is that its fundamentals are still very immature compared to stock and commodity trading. That's why I say its more about your luck.

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November 13, 2021, 08:12:29 PM
 #39

You give a review between profit and loss in trading, in my opinion if a trader always learns from mistakes for the next trade this is the best step. Talking about losing or stopping to trade I don't think it's a last resort, we should practice skills and improve better trading techniques based on experience. If you have to stop, you will forget all past losses when you continue trading in the future.

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November 13, 2021, 08:15:15 PM
 #40

@Mpamaegbu
Newbies like us do not like to hear loses cause it always pissed us off. Profits is what we always like to hear, maybe it keeps us going to the doom site. I'm relearning.
"if you don't feel lost then you don't lose" this is what a professional trader once told me.  you have to hear a lot of losing stories from other traders and start analyzing the causes of their losses so you can make it a valuable lesson.  a child can't walk if he doesn't force himself/herself to walk even if he/she falls and gets hurt...that's how you trade.

Words that will inspire you to make your move, if you like to have a safer investment taking more time with your own
 research will help you to analyze what pattern to follow. There are success and failed stories that are available online.
take time to listen or watch, read or whatever possible ways you have to deal with those shared information.

Never to trade without prior knowledge, else you are doing this the same way with doing gambling,
placing your money on something that only luck may let you earn.

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