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Author Topic: It is possible to make a profit by trading  (Read 914 times)
perfect999
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December 30, 2021, 02:56:40 PM
 #41

I have been trading for a long time. However, it is not always possible to benefit. In some cases there is a possibility of loss. After facing huge losses, I have benefited again after a long time. Bought 3k$ from a seller with current price of k 10k$. However, the dollars have not been set at present. Currently using trading. So I think the most beneficial. What do you think?
I read your post for more than twice still I could not understand what you are exactly doing and what is your question.

Basically crypto trading is providing opportunity for anyone to make profits but only skilled traders are able to hold them and all others might be losing it in next trades. It means you can make profits from cryptocurrency or especially bitcoin trading one day or other but only if you have skills then you can make consistent profits.

It will be good if you add more detailed information of your current situation into OP so that this community could understand you in better way to address your concerns specifically.
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December 30, 2021, 03:11:31 PM
 #42

it all depends on the trading knowledge we have, of course we can't always get profits but when by learning the right trading knowledge we can minimize losses and take profits.
I myself have been trading for about 4 years, although not every day I get a profit but overall I can get a profit and it is very big because the crypto trading market price shifts are quite significant every day.



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December 30, 2021, 04:52:21 PM
 #43

it all depends on the trading knowledge we have, of course we can't always get profits but when by learning the right trading knowledge we can minimize losses and take profits.
I myself have been trading for about 4 years, although not every day I get a profit but overall I can get a profit and it is very big because the crypto trading market price shifts are quite significant every day.

If you have been making profit more comparing to your losses then you have to maintain your strategy that you have been using to get that profit. The problem with traders as we are is that at the time of losses we want to start doubting our strategy and trying to change it but at the end when we change the winning strategy we return to huge losses. My advise is that we understand that profit is not every day but a higher profit is guaranteed when we are steadily using a winning strategy despite its challenges.
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December 30, 2021, 06:34:18 PM
 #44

I have been trading for a long time. However, it is not always possible to benefit. In some cases there is a possibility of loss. After facing huge losses, I have benefited again after a long time. Bought 3k$ from a seller with current price of k 10k$. However, the dollars have not been set at present. Currently using trading. So I think the most beneficial. What do you think?
Perhaps, it was not all the time the market is in good shape which we can say that we are always in profit from trading, it sometimes we also just lose. if we clearly understand this situation, it is not a thing to wonder why we suffer such a thing unless if we never know about trading. But what I think about your doings is that you need to have a plan, a simple plan will make things helpful to you as it guides you on what to do next. Make use of those mistakes that you ever made to make you better as this leads you into the way of success.
Of course there will be down times, and there will be up times as well. If you are getting into crypto then you are accepting the fact that you are not really doing profits all the time anyway. There are a lot of people who are looking for consistent profits all the time and they do not realize that it is not in crypto. Surely you have to realize sooner or later that you may end up with something in the long run, but in the short term you may end up losing sometimes.

I personally lost so much money if you look at it that way, but I made more than what I lost so this is why I do not feel that bad about what I am doing. In the end, if I have some money left over, that means I am doing fine, even if there are losses in the way.

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December 30, 2021, 06:51:29 PM
 #45

I have been trading for a long time. However, it is not always possible to benefit. In some cases there is a possibility of loss. After facing huge losses, I have benefited again after a long time.
I am glad that you you have managed to become profitable in crypto trading because many people are continuously facing losses and that is not a case for you. I guess now you must have understood that making profit from cryptocurrency trading is possible for anyone still we must need to make ourselves technically strong for facing the fluctuations of the crypto markets otherwise we might face more frequent losses compared to profitable trades.

The problem with traders as we are is that at the time of losses we want to start doubting our strategy and trying to change it but at the end when we change the winning strategy we return to huge losses.
This happens. Because, when you are facing losses then you will start doubting about the the effectiveness of your strategy which is the reason people are giving priority for fixing the strategy rather than continue their trading with same strategy.

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December 30, 2021, 07:49:13 PM
 #46

it all depends on the trading knowledge we have, of course we can't always get profits but when by learning the right trading knowledge we can minimize losses and take profits.
I myself have been trading for about 4 years, although not every day I get a profit but overall I can get a profit and it is very big because the crypto trading market price shifts are quite significant every day.

It is impossible for us to trade crypto without experiencing any losses at all, even professional traders must have experienced losses.
Therefore, experiencing losses when trading is normal and must be experienced by all traders, most importantly the amount of profit
we generate is greater than the losses we experience. So we don't have to make a profit every day to be a successful trader, as long as
we can minimize the losses we experience and the amount of profit we make is much greater than the losses we experience. That means
our strategy is good enough, but we can also try various trading strategies, choose the one we think can generate greater profits.
The conclusion is never stop learning, because the more knowledge we have the more opportunities to find trading strategies that
are much more effective.

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December 30, 2021, 10:03:02 PM
 #47

I have been trading for a long time. However, it is not always possible to benefit. In some cases there is a possibility of loss. After facing huge losses, I have benefited again after a long time.
I am glad that you you have managed to become profitable in crypto trading because many people are continuously facing losses and that is not a case for you. I guess now you must have understood that making profit from cryptocurrency trading is possible for anyone still we must need to make ourselves technically strong for facing the fluctuations of the crypto markets otherwise we might face more frequent losses compared to profitable trades.

The problem with traders as we are is that at the time of losses we want to start doubting our strategy and trying to change it but at the end when we change the winning strategy we return to huge losses.
This happens. Because, when you are facing losses then you will start doubting about the the effectiveness of your strategy which is the reason people are giving priority for fixing the strategy rather than continue their trading with same strategy.
Well, if you are making frequent losses from your present strategy, then its time to analyze the reasons of all your losses. If you think its not you but its on the strategy you are using, then maybe its effectiveness has gone out already. Sometimes, we also have to upgrade our own strategies so that it can still cater with the continuous changes in the crypto market. Its always possible to make profits in trading but most of the time, it takes good strategies and positive mindset of a trader that despite of all losses, making profits at some time is still possible.

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December 30, 2021, 10:48:47 PM
 #48

In trading we don't always get profit, we will get failure too at the some time. If you want get profit in trading of course it is very possible if you want to try hard and do your best so it really depends on the coin that chosen and also how we can manage it. Not everyone can trade well but learning from a failure one can become better at trading. So it would be better if we could learn from failure to be able to trade better in the future. Upgrade your skills and also increase the knowledge about trading because it will help us better understand the world of trading.

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bhooscream
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December 30, 2021, 10:50:59 PM
 #49

Very possible.
I personally do trading, but not a day trading.
We are here in the crypto world is commonly doing trading or investment both short or long term.
We can see our chances, ability, and our readiness when trading. Because we know that trading needs very high risk. We cannot ignore, but we can minimize losing by setting right analysis.
However if we always face losing  it menas there is wrong with our trading ways or strategy. Try to find them and make better strategy
Mahanton
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December 30, 2021, 10:58:46 PM
 #50

Very possible.
I personally do trading, but not a day trading.
We are here in the crypto world is commonly doing trading or investment both short or long term.
We can see our chances, ability, and our readiness when trading. Because we know that trading needs very high risk. We cannot ignore, but we can minimize losing by setting right analysis.
However if we always face losing  it menas there is wrong with our trading ways or strategy. Try to find them and make better strategy
Active trades
Daytrades
Swing trades
Trend trades
Long term trades.

It doesnt matter because it is sharing on the common goal which is to make profits.It is really just having that main difference on duration and
this one implies different set of skill levels on a certain individual because this doesnt suit out for all.

You wont really sustain out if you dont know on how to deal with this very unpredictable market.

R


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December 31, 2021, 07:44:20 AM
 #51

Great time to sell coins, from $3 to $10 you have already made a profit. Don't be greedy to keep waiting for it to go up because there is a bad chance that the coin will actually go down, so I suggest you sell it at a price of $ 10 even though the dollar is still uncertain. If there is an opportunity to sell as soon as possible, just sell it, don't waste time, but still make considerations but must move quickly.

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December 31, 2021, 10:48:20 AM
 #52

Great time to sell coins, from $3 to $10 you have already made a profit. Don't be greedy to keep waiting for it to go up because there is a bad chance that the coin will actually go down, so I suggest you sell it at a price of $ 10 even though the dollar is still uncertain. If there is an opportunity to sell as soon as possible, just sell it, don't waste time, but still make considerations but must move quickly.
Such a great increase and it will get a big profit if it decides to sell it,
no need to hesitate to sell it as long as it's profitable do it,
or maybe sell half of it and keep the other half but it all depends on each person's decision

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December 31, 2021, 12:07:57 PM
 #53

Trading is profitable, but also not, it depends entirely on you on how you're going to make it profitable. Without no decent skills on it, I don't see trading as a profitable investment. I've been trading in Binance futures since 2020 but I've got no luck on it, that's why I decided to stick to stock trading and luckily I've made profits already.

Stock trading might be low risk and low reward, but I love it since a profit is still a profit no matter how small it is.
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December 31, 2021, 06:11:55 PM
 #54

Everything is possible in crypto. Once can make profit which was not possible in past. Trading is little risky because market is volatile but if you have professional skill of analyzing chart and good management of investment than yes you can make nice profit from trading.









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December 31, 2021, 07:16:12 PM
 #55

Without no decent skills on it, I don't see trading as a profitable investment. I've been trading in Binance futures since 2020 but I've got no luck on it
Are you trading on futures? That must be a beginner's mistake and if you are able to arrange new funds then you may try on spot trading with high volume cryptocurrencies. Anyhow, only your skills must be the key factor for your results in trading which can be true for both derivative and spot trading.

if you have professional skill of analyzing chart and good management of investment than yes you can make nice profit from trading.
In-between skills and management there is another requirement for success in trading which must be experiences. Because, just learning from books may not help you in real market but if you practice in live markets then profit making in trading is possible.

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December 31, 2021, 07:54:54 PM
 #56

Yes it is trading is a good way to earn profit in crypto but still we need patience and proper understanding on crypto, sometimes newbie loss because they lack of patience and they lack of understanding, most of the old investors earn because they know more about volatility and how to extend their patience limitations.
I was supposed to say that it was a risky try for everyone who is new in trading but this gonna be more profiting if you are knowledgeable enough and really have the skill. But because we wanted to learn about trading, we don't care much about losing, instead we urge ourselves to do it despite a very challenging market that sometimes is hard to understand.

Knowledge, skill, and experience are a complete package that we need to acquire in order to become more profiting, and to earn every day was pretty easy if we have reached already that level of expertise. And never think this was easy, No, that really it takes several months.

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December 31, 2021, 08:27:04 PM
 #57

Yes, cryptocurrency trading really gives profit, but it's very risk, if you are lucky and buy crypto token when the price is low, and you hold the coin to a particular time, if the price pump then you sell and claim your profit.

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December 31, 2021, 08:31:11 PM
 #58

Yes it is trading is a good way to earn profit in crypto but still we need patience and proper understanding on crypto, sometimes newbie loss because they lack of patience and they lack of understanding, most of the old investors earn because they know more about volatility and how to extend their patience limitations.
I was supposed to say that it was a risky try for everyone who is new in trading but this gonna be more profiting if you are knowledgeable enough and really have the skill. But because we wanted to learn about trading, we don't care much about losing, instead we urge ourselves to do it despite a very challenging market that sometimes is hard to understand.

Knowledge, skill, and experience are a complete package that we need to acquire in order to become more profiting, and to earn every day was pretty easy if we have reached already that level of expertise. And never think this was easy, No, that really it takes several months.

Yes, you are right that it is a high risk for the newbies, But you have to agree if you do not take the risk you can't be able to learn properly.

Only paper/pen works can't make you a good trader, you must come on the actual battlefield. I've seen many traders who don't have any professional degree in trading, they are just learning and made themselves experienced by doing recharge and applying those on real-life trading. It's true at the beginning time they lost a huge amount by applying their immature methods, but gradually they have overcome from the uncertain situation and many of them are now pro traders. You must have to take the risk if you really want to earn something.

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December 31, 2021, 09:18:12 PM
 #59

I have been trading for a long time. However, it is not always possible to benefit. In some cases there is a possibility of loss. After facing huge losses, I have benefited again after a long time. Bought 3k$ from a seller with current price of k 10k$. However, the dollars have not been set at present. Currently using trading. So I think the most beneficial. What do you think?
With time you’re going to learn. Just try to be doing research as much as possible and try to ask questions and get answers from those that have been trading for long. I have seen a lot of people who are self taught traders and never have to rely on anyone to teach them about trading face to face , they do everything by themselves and they keep on learning from YouTube videos and other trading lessons that they can find online.

So, I am also going to advise you to do the same thing that they are doing. Check out YouTube videos that teaches you about trading and gain more experience and learn good strategies and good luck on that.

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December 31, 2021, 11:15:43 PM
 #60

Exactly possible, very possible.
That is why there are still so many cryptocurrency traders that we can find in this world. There are still so many traders that can earn money from trading.
Because for many people, trading is something very valuable and also promising. We can see how we are just from trading, getting good analysis and decision, tools, and also probably bot to encourage the good trading skills.
Btw, this also relate to certain skills that we can take of trading. We cannot only focus on profits but also risks.
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