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Author Topic: It is possible to make a profit by trading  (Read 914 times)
Cling18
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December 29, 2021, 12:51:22 PM
 #21

Trading is definitely profitable especially if you have enough knowledge and skills on how to do it. It only requires a long process of learning so you'll have complete knowledge on how to deal with every market situation. You could apply the basic strategy which is to buy low and to sell high but accumulating more skills about trading would be an advantage.
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December 29, 2021, 01:14:50 PM
 #22

After facing huge losses, I have benefited again after a long time.

This is usually the cycle of things and how things happen, you win some and you loose some, and it is also applicable in trading as well. As you have already mentioned that you have been a while in trading, you must have had experiences and heard stories of other traders as well, and by now you should be aware that there is no perfect trading strategy that completely eliminates losses. However the aim is to constantly (because strategy changes with time) have a strategy that reduces the frequency and degree of losses you make to the bearest minimum. So OP, it is possible to make good profit from trading provided you keep your strategy updated and stay on trends. There is no one time perfect strategy in trading, so it is not just about getting a new strategy, but learning to develop, improve & update your trading strategy.

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December 29, 2021, 01:30:38 PM
 #23

Of course that's why most people are into trading, it is to make profit it's always a profit and it is what is on the mind of all traders but just because it is possible to earn doesn't mean that you are going to earn. There is still a chance and actually a high chance of losing trade rather than earning if you are not that careful.

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December 29, 2021, 01:49:19 PM
 #24

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 don't understand what do you mean at the last part. but yeah mate no one cannot skip losses when it comes trading because that's what it's and it's normal scenario. But if you're a good trader one losses or 2 cannot bother you because for example if trade 10x a day you still have chance to regain those losses and you can still bring your profile green after all. Unless if you don't have good strategy because that's a problem.  Grin
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December 29, 2021, 02:29:36 PM
 #25

It seems like its difficult but not impossible with experience and knowledge. Are there any solid learning material anyone can recommend for beginners?
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December 29, 2021, 02:43:14 PM
 #26

You made basically the normal trading which is buying low and selling high your assets. If you want to become possible to earn with the trade I recommend making a futures trading this might test all of your knowledge, skills and experience for over the market. Also, it depends on your trading plan are you willing to make a trade with a long term or short term trading so you have time management and time allotment for your trading plan.

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December 29, 2021, 03:13:24 PM
 #27

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?

Trading is either you profit or you lose. Those are the two things involved in it so a trader should be prepared for losses that is part of it all. You are lucky to make profit but it doesn't come to you all of the times you put out order, time for losses and time for profit taking is also included. But you didn't mention the coin you got profit on.
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December 29, 2021, 04:20:30 PM
 #28

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?
To be sincere trading is very profitable however before becoming a good trader it takes a lot of time and efforts in learning, practicing with demo and real live trading in which losses are inevitable, how to manage your risk will enable you to have an edge over the market, but all these requires thorough trading skills acquisition and knowledge whick takes time to be accomplished, personally I have been trading live with a small account and also having mixed results just trying to tweak my trading strategy after consistent in profit I will increase the fund in my account.

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December 29, 2021, 05:59:17 PM
 #29

Trading is definitely profitable especially if you have enough knowledge and skills on how to do it. It only requires a long process of learning so you'll have complete knowledge on how to deal with every market situation. You could apply the basic strategy which is to buy low and to sell high but accumulating more skills about trading would be an advantage.
Trading could really give that thing but be sure that you would really be that mindful about the risks involved on it and not just diving in and being hopeful that it could make you rich
because this isnt how it works and you would find it out once you had engage into trading.Yes, of course it could give out the chance on making profits but also it could be
resulted into loss and this is the both things which you could definitely able to experience this is why making yourself sustainable should really be your main priority.

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December 29, 2021, 07:43:33 PM
 #30

Trading is definitely profitable especially if you have enough knowledge and skills on how to do it. It only requires a long process of learning so you'll have complete knowledge on how to deal with every market situation. You could apply the basic strategy which is to buy low and to sell high but accumulating more skills about trading would be an advantage.
There are 3 basic components of crypto trading, according to me

1- Enough patience to hold during the market is down.
2- Maturity that doesn't let you get greedy when the market is excited
3- The basic ability to read charts and predicting the movement roughly, no one can predict sharp movements of course.

Once you have these qualities and you have a good background of funds management then you should do well overall. Then there are some people for whom trading isn't meant to be so if you fall in that category, skip trading.

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December 29, 2021, 11:46:40 PM
 #31

...Currently using trading. So I think the most beneficial. What do you think?

Almost all newcomers lose their money when they set a goal to increase their capital using toggles. At the same time, those who decide to use margin trading lose their money almost after one unsuccessful deal. This is not a place where you can make a profit without experience and knowledge.

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December 29, 2021, 11:59:07 PM
 #32

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?

There's no 100% success rate in winning trades, newbie or not, and you as a long-time trader,  sure already knows that. Just try and try. It's impossible that while trading for long, you weren't able to learn some strategies.

Don't treat these losses as a problem but instead, take that as your reference on your future actions.

Bought 3k$ from a seller with current price of k 10k$. However, the dollars have not been set at present.

I didn't understand a bit this part.

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December 30, 2021, 04:12:10 AM
 #33

You bought something at P2P and was not given yet? I dont understand that part of your sentence OP.
Yes, perhaps thats the benefit of an exchange, assurance that the coin will be given to you at the right time without the doubt of being scammed as long as it is a trusted exchange.
About profit in trading though, its always up to the one who controls it. If you know what you are doing then profits will surely come.
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December 30, 2021, 07:40:00 AM
 #34

...Currently using trading. So I think the most beneficial. What do you think?

Almost all newcomers lose their money when they set a goal to increase their capital using toggles. At the same time, those who decide to use margin trading lose their money almost after one unsuccessful deal. This is not a place where you can make a profit without experience and knowledge.
Sometimes people don't understand this that trading requires a process to be able to make a profit,
experience and knowledge are also part of the process,
what is clear is that nothing is instant and we must really keep trying and work hard

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December 30, 2021, 10:15:15 AM
 #35

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.
If you really bother about the gaps between the occurrence of profit in your trading then you should start focusing on improving your skills which must be possible out of continuous learning. If you ignore the lessons that you come across while trading in live markets then you may not able to achieve the level of profiting at more frequency. You knowledge level must be directly proportional to your success in crypto trading.

If you have the skills and the discipline to trade you should be able to make profits, if
you only have 1 of the 2 there is a big chance of loss.
Yeah, if profits in trading is all about skills then bots are enough to make anyone to be billionaires. Risk management is the thing which cannot be obtained by any learning process but only by experiences. But by strictly following the set of rules of risk management, anyone can remain discipline while trading.

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December 30, 2021, 10:38:49 AM
 #36

It is possible to make profits by trading just that you have to be focused and ensure you set targets for yourself, work according to your targets and manage your risk well. 😉 one other important thing to note is that, you don't have to be greed. The market is always there to make profits
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December 30, 2021, 10:42:41 AM
 #37

As a trader, we will face two things, win and lose and that is normal if we can not make a profit many times as the market will always change. If you can accept the loss and still try to recover it by learning more about the analysis, I am sure that it will be a matter of time to get your profit and minimize the loss. Many things you should prevent, such as greedy ( which will be the biggest thing that every trader needs to control ). Besides that, you always need to analyze and not just follow other people's suggestions.

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December 30, 2021, 01:11:58 PM
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 #38

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?
Could you please enlighten me by explaining this part of your post. Did you avail loan of $3k from anyone or did you buy anything for $3k with the target of $10k or what you are mentioning here?

What you mean by the dollars have not been set at present? Set what or where? Really confusing to me.

With that money you are currently into crypto trading? I guess after you got from that seller, trading is beneficial to you now but could you add more on what you have changed recently to make trading beneficial to you?

Crypto trading is not usually profitable for active traders. But, it seems $3k has brought some significant changes into your trading and I am curious to know about that in more details.

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December 30, 2021, 01:54:15 PM
 #39

Trading is  beneficial for those who have hold into it as you know that day trading is more unstable so it will be difficult for you to make cash by doing day trading. Trading can give you profit if you first realize about it and then start trading but if you do not have even a little education about that thing then you cannot make capital and on the other hand will loose your own cash too.

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December 30, 2021, 02:11:55 PM
 #40

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.

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