Trading and it uncertainties

[Zilon]

The most challenging point in trading is the starting point where a newbie will work to build an experience that will help guide him all through the journey and one such weapon is to build motivation because you will need it when faced with uncertainty.

Every point in trading comes with it's own experience. But when one is new to trading most times the technical analysis gets too complex . Building up good experience takes time and also a long process patience and determination is just the sure pass to saving the future

[Silberman]

If you’re taking any risks in this market, it should only be a calculated risk. You don’t just jump in and be taking risks when you’re not well planned. You have to calculate yourself and know what kind of risk you’re about to take, what may go wrong and how you will be able to handle any kind of situation that arises from taking that risk. You have to be ready for it, and if possible, you should have any kind of tool that helps to minimize the level of risks that you’re able to take.

This is what makes so many newbies lose their money, taking a risk is necessary and in fact it is an absolute must if you are a trader, however there is a very big difference between a calculated risk and a risk which you took just because, in the case of a calculated risk you know how much you are willing to lose in order to produce a specific amount of profits, so it is easy to get out of your trades once you achieved your goals or the trade turned against you, but many newbies do not do that and when a trade turns against them they keep holding their coins hoping for something to change and go back to being in profit, and most of the time this never happens.

[TheUltraElite]

The most challenging point in trading is the starting point where a newbie will work to build an experience that will help guide him all through the journey and one such weapon is to build motivation because you will need it when faced with uncertainty.

Starting point does not need to be trading on the market. You can start paper trading with a virtual capital on paper. Try it yourself and you will find out what is going wrong without actually losing any money in real. Gradually you will need to move to real life markets but you already gave yourself a headstart and therefore the "challenging" aspect of it is reduced.

We should not consider "challenging" as something bad - rather it is an opportunity to start a new thing, that gives one hope.

You will develop experience more on real life markets than on paper but this takes time and it will not happen overnight. So thinking about gaining experience is a waste, let it happen on its own.

[michellee]

The most challenging point in trading is the starting point where a newbie will work to build an experience that will help guide him all through the journey and one such weapon is to build motivation because you will need it when faced with uncertainty.

That will depend on that person to start moving to build his experience in trading because no matter what, we really need to have experience in trading. Without having much experience, we will not have a chance to analyze better and get the right coins at the market. The motivations will come from ourselves so we need to have a strong willingness to start. Otherwise, we will not get a step forward but only stay where we stand now.

[awik p]

actually in trading we have created a framework that fits our analysis. after we place a trading position, of course there are 2 possibilities, namely we lose or profit, and to anticipate a bigger loss then we can use a stop loss tool so that if the market does not match the analysis, we will lose according to the initial RR calculation, because for me after we move , then God's hand works

[Finestream]

The most challenging point in trading is the starting point where a newbie will work to build an experience that will help guide him all through the journey and one such weapon is to build motivation because you will need it when faced with uncertainty.

Every point in trading comes with it's own experience. But when one is new to trading most times the technical analysis gets too complex . Building up good experience takes time and also a long process patience and determination is just the sure pass to saving the future

If we can be more patient and more focused in trading, then we will definitely last longer in it. Because trading does not only mean we have to deal with profits but it’s more on losses actually particularly for a newbie who is still trying to learn trading. And since the market is so volatile, as well as bitcoin itself, then we should be more patient in taking the risk as well as all its uncertainties. This is the reason why traders should never be afraid to lose their money, otherwise they will not be capable in achieving huge profits in trading.

[sarmrakib]

actually in trading we have created a framework that fits our analysis. after we place a trading position, of course there are 2 possibilities, namely we lose or profit, and to anticipate a bigger loss then we can use a stop loss tool so that if the market does not match the analysis, we will lose according to the initial RR calculation, because for me after we move , then God's hand works

Its true that there are two option in our hand we may loss or get profit .Always the percent of win or losses depend how good you predict the market .You have to be serious on your trading we all know that a professional trader never get huge losses .Stop loss is a option that we can use for reduce the ratio of loss but before that we have to know how market behave with us and also all the technical and fundamental analysis as well .That will help us to get a good profit and reduce our loss as well .There will nothing abnormal if we use stop loss .We have to research every situation of the market and the project update news as well it help us to get quick return mate .

[sana54210]

Its true that there are two option in our hand we may loss or get profit .Always the percent of win or losses depend how good you predict the market .You have to be serious on your trading we all know that a professional trader never get huge losses .Stop loss is a option that we can use for reduce the ratio of loss but before that we have to know how market behave with us and also all the technical and fundamental analysis as well .That will help us to get a good profit and reduce our loss as well .There will nothing abnormal if we use stop loss .We have to research every situation of the market and the project update news as well it help us to get quick return mate .

Professional traders make huge losses all the time, it is in the business itself and any person who says they never made huge losses are either lying or not professional trader. Look at wall street, they are basically all traders and that is their whole job, sure they do it with others money most of the time but it is still trading. They end up losing money all the time, they end up losing so much that 2008 was a whole crisis all around the world because of it.

Literally some traders lost money and that rippled around over 3-4 trillion dollars worth of damages all around the world. That is why I believe that if you are a trader, you need to look at long term, not monthly, not yearly, look at each decade and you will see how good a trader is.

[gabbie2010]

This thread is primarily directed to discuss how traders manage trading uncertainties how do you manage to decide on your trading in a volatile market such as cryptocurrency where price can change within some seconds.

The only way to manage your trade is to opt out of a trade onces the direction changes and never be of the assumption that a  trade would revert because this has taken many accounts down. Get satisfied with the little profit made and set a profit target before embarking on any trade. No one has control over the market its only moved by demand and supply chain so limiting greed is just the surest way to manage a trade.

When I started trading as a newbie, I always never opted out when I am in a highly profitable trade unfortunately price reverses on several occasions eventually incurred some losses due to high price volatility, however as I gained more experience, when I am in a profitable trade I quickly take profit, before price reversal or in some cases the price continue to trend, of course I don't bother if the price trended in my direction after taken my profit.

[Alisha FR]

Cryptocurrencies are very volatile. However, what we need to know is that crypto trading is not always profitable. In managing trades with a market that changes every second, it's important to know we have to open trades within a timeframe based on an analysis that will pump for the future. Talking wrong in analyzing we can still do HOLD. And we must be prepared to wait until the market recovers.

[AmoreJaz]

Cryptocurrencies are very volatile. However, what we need to know is that crypto trading is not always profitable. In managing trades with a market that changes every second, it's important to know we have to open trades within a timeframe based on an analysis that will pump for the future. Talking wrong in analyzing we can still do HOLD. And we must be prepared to wait until the market recovers.

that's where the job is hard, knowing the timeframe where a specific alt will pump. experience throughout the years will aid in this kind of speculation. also, if the project is established, you will look for important events in their roadmap, and those are possible events that will boost the price of the coin. once they announce something important, lookout for their market trend, and later on, keep your eyes open if you want to sell your stash in good profits. follow the socmed of the coins you are holding. because you can get insights what's next for the coin by keeping tabs on what the devs are cooking for the community.

[wxa7115]

The most challenging point in trading is the starting point where a newbie will work to build an experience that will help guide him all through the journey and one such weapon is to build motivation because you will need it when faced with uncertainty.

That will depend on that person to start moving to build his experience in trading because no matter what, we really need to have experience in trading. Without having much experience, we will not have a chance to analyze better and get the right coins at the market. The motivations will come from ourselves so we need to have a strong willingness to start. Otherwise, we will not get a step forward but only stay where we stand now.

Experience is needed to improve your ability as a trader but at the same time is not everything, if you really take the time to study the markets then even if you are a newbie then you will have more success than someone that has years of experience in the market simply because you are not going to make the same mistakes that they made and that cost them so much money over the years.

After all, since the amount of capital that we have is limited probably the most important thing we must do is to try to reduce our mistakes to a minimum, and if you can do this while risking no capital by learning from books and other traders then you are way ahead of most traders before you risk a single dollar in the markets.

[teosanru]

This thread is primarily directed to discuss how traders manage trading uncertainties how do you manage to decide on your trading in a volatile market such as cryptocurrency where price can change within some seconds.

Theoretically one should never trade uncertainties but the problem is that there is no trade about which one can be 100% sure therefore, it leaves with no other option with traders than to actually trade some uncertainties but I think one should work out mathetmically, one should decide then which uncertainty is tradeable and which one is not, this would depend entirely on the number of signals it gives you on your trading strategies, just trade whatever trades your system gives you and you will be happy for life.

[batang_bitcoin]

Cryptocurrencies are very volatile. However, what we need to know is that crypto trading is not always profitable. In managing trades with a market that changes every second, it's important to know we have to open trades within a timeframe based on an analysis that will pump for the future. Talking wrong in analyzing we can still do HOLD. And we must be prepared to wait until the market recovers.

It is a reason why those with uncertainties have the best choice and that is to hold. Well, holding isn't easy as well just as trading. If you do no good in trading, maybe you can be a better holder.
Effortless yet you also take the market's volatility that much because by just looking at it, you're part of the market and you do nothing when it drops thus, you're also buying during the market corrections.

[Lordhermes]

It is not easy to trade at all.When they say trading is risky,it is very risky indeed.Most atimes,traders loose a huge amount of money,and pretend that nothing happened because before the started,they already had in mind the trading was a mind game that requires a strong heart to overcome it heart break.
And at the same time joy comes our face when we win,and get gain from the trading we did.

[BigBos]

well, uncertainty is really unavoidable. however, in the world of trading, we do not know when the price will really pump, and dump. the same as today. not many people think that the price of bitcoin can drop below $50k by the end of this year, but the price is back down again. If you want uncertainty to disappear a little, targeting selling prices for losses and profits is something that needs to be considered to avoid uncertainty in trading.

[michellee]

The most challenging point in trading is the starting point where a newbie will work to build an experience that will help guide him all through the journey and one such weapon is to build motivation because you will need it when faced with uncertainty.

That will depend on that person to start moving to build his experience in trading because no matter what, we really need to have experience in trading. Without having much experience, we will not have a chance to analyze better and get the right coins at the market. The motivations will come from ourselves so we need to have a strong willingness to start. Otherwise, we will not get a step forward but only stay where we stand now.

Experience is needed to improve your ability as a trader but at the same time is not everything, if you really take the time to study the markets then even if you are a newbie then you will have more success than someone that has years of experience in the market simply because you are not going to make the same mistakes that they made and that cost them so much money over the years.

After all, since the amount of capital that we have is limited probably the most important thing we must do is to try to reduce our mistakes to a minimum, and if you can do this while risking no capital by learning from books and other traders then you are way ahead of most traders before you risk a single dollar in the markets.

So the key is not stopping from learning more about trading because besides searching for more experience, that will allow us to improve our skills. If we can combine with the experience that we got before, I am sure we will succeed in trading and minimize the risk.

Besides that, having many experiences will help us reduce mistakes because we can learn how to handle ourselves better in trading from other sources. If our capital is limited, we do not have to force ourselves to take loans, especially if we do not have many skills in trading. Just keep trading, take your profit as often you can, do not greed but still be careful to use the money to trade.

[horrifiedx1]

well, uncertainty is really unavoidable. however, in the world of trading, we do not know when the price will really pump, and dump. the same as today. not many people think that the price of bitcoin can drop below $50k by the end of this year, but the price is back down again. If you want uncertainty to disappear a little, targeting selling prices for losses and profits is something that needs to be considered to avoid uncertainty in trading.

what is needed is firmness in making choices about personal predictions, so that uncertainty in the market can be resolved and does not cause excessive disappointment later, because our analysis could be wrong, so we must immediately get up and analyze for the next

[zaesvlas]

In general, if a trader has chosen trading for work, then it should be understood that this is just an unpredictable option for making money. The market can change very dynamically.

[RILWAN]

In general, if a trader has chosen to trade for work, then it should be understood that this is just an unpredictable option for making money. The market can change very dynamically.

You are right on that, trading is an uncertain adventure that requires a lot of patience and courage because having to take trading as a means to livelihood to earn passively with trading.