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Author Topic: Trade-in between the lines  (Read 759 times)
lienfaye
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February 08, 2022, 08:36:31 AM
 #81

It quite clear to all of us that trading is not an easy task and if an individual lack a good trading skills it may bead to loses, this aspect has made many to decide to hold rather than trading to avoid mistakes.
But in doing that I have observed that while the crypto currency market is highly volatile so if you can flow with the wave of the market one can still make good profits but again its not a guarantee and not an investment advice.
DO YOU AGREE WITH THIS STAT?
Well, I tried to become a trader before I become a long term hodler. The reason why I switched to holding is because I find it more convenient and less headaches. Trading is profitable but one should have gain enough knowledge and understanding to be able to grasp every situation that a trader might encounter. The point is do what you think is best suits you, if you want to be a trader then take time learning its nature, how to analyze and make a strategy. Because it will depends on what we prefer and what we think is more profitable.

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South Park
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February 08, 2022, 05:44:52 PM
 #82


It quite clear to all of us that trading is not an easy task and if an individual lack a good trading skills it may bead to loses, this aspect has made many to decide to hold rather than trading to avoid mistakes.
But in doing that I have observed that while the crypto currency market is highly volatile so if you can flow with the wave of the market one can still make good profits but again its not a guarantee and not an investment advice.
DO YOU AGREE WITH THIS STAT?
No matter what strategy we've used, can't just avoid mistakes and even losses. Remember that trading is not an easy job, plus the volatility of the market makes things even harder to speculate. For we are in trading, we could base a lot of things around that we think could affect the price. If that we need to hold, then we should to it as a trader is not always a trader, we can also consider ourselves as holder which is very often to happen.
Newbies need to remember this, trading may seem like an easy occupation as the only thing you need to do is to buy low and sell high according to them, however, trading is an environment in which you are competing against millions of people trying to do the same, it is the equivalent of running a marathon against millions of people, so only a selected few will earn profits from trading and yet newbies think that they will earn a fortune without making any effort at all, while their competitors never stop learning and use every single hour of free time to improve their system.
And that belief and perception of trading as an easy task have taken over most of them, trading requires skills and expects before you can gain in trading you have to develop you self over time if not so amateur trader most times run into huge loses.
I will adapt to the fact that for one to trade in Bitcoin at any point either spot or feature trading one needs skills.
Unfortunately this is the case, I think social media and the different ads that they see have convinced most of those entering the market for the first time that it is easy to make money with cryptocurrencies when this is not the case, in order to become a decent trader people need to spend months learning and reading everything they can, and even then you can suffer massive losses if you are not careful, and yet many newbies think that the only thing they need to do is to come to this market and suddenly a lot of money is going to appear on their trading accounts, something that is completely out of line with what we see actually happening.

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February 08, 2022, 09:47:59 PM
 #83

You are saying right that trading is not an easy task. Crypto market has 2 trillion dollar marketcap. So, its very difficult to change the wave of market. So, if market is in bullish zone. then take profit from long position or buy coins at dip prices. But if you feel market is in bearish zone. Then take only short positions. Because, in trading trend in our best friend. So, must follow the trend of market. If you are opposite with the trend then you cannot make money. But you can lose your investment. So, its better for you to first judge the trend of market then take any entry.
the trend is indeed a reference for trading and we should indeed follow the movement of the trend that is happening, many people are against the trend and they end up losing money. different from a flipper who takes advantage of price corrections, but they must really understand the flow of market movements

A good trader must be very flexible so he can drive with the market trends and sentiments because in trading, trends will always tell the general direction of the price of a market. This is the reason why most of the traders should be more good in technical analysis as they will carry out the price forecasts. However, no matter how good a trader or how expert he is, every trader is still bound for losses. But most importantly, his profits should always exceed than the losses he gained so he can sustain more in trading.

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February 09, 2022, 06:01:32 AM
 #84

A successful trader would not have to share anything with you for money. The trader would already have enough money to not work. Everybody who presents themselves as a successful trader and tries to sell you something is just a trader who is able to make some profits but nothing substantial for a living.
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February 09, 2022, 06:59:04 AM
 #85

You are saying right that trading is not an easy task. Crypto market has 2 trillion dollar marketcap. So, its very difficult to change the wave of market. So, if market is in bullish zone. then take profit from long position or buy coins at dip prices. But if you feel market is in bearish zone. Then take only short positions. Because, in trading trend in our best friend. So, must follow the trend of market. If you are opposite with the trend then you cannot make money. But you can lose your investment. So, its better for you to first judge the trend of market then take any entry.
the trend is indeed a reference for trading and we should indeed follow the movement of the trend that is happening, many people are against the trend and they end up losing money. different from a flipper who takes advantage of price corrections, but they must really understand the flow of market movements


Still, it depends on the large investor what they want to do with the market to make sure still the profit is on their side but again there's a lot of trading charts or patterns that you can be used to make sure you are still preventing losses. With the different strategy such as Technical analysis and trading indicators, you can use this as a guide. Currently, I'm using the Fibonacci algo to identify when is the reversal to make a buying opportunity.

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ethereumhunter
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February 09, 2022, 07:17:14 AM
 #86

A successful trader would not have to share anything with you for money. The trader would already have enough money to not work. Everybody who presents themselves as a successful trader and tries to sell you something is just a trader who is able to make some profits but nothing substantial for a living.
It takes time before you become a successful trader, but many people can not accept how long they can profit from trading. They need to have skills before trade and that can only get if they learn from many sources and more practices to understand how the market moves. Once they have the right skills to trade, I am sure they can make money for a living because I already see some friends can do this. But their income in a week or month will vary.

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Tellek Garing (OP)
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February 09, 2022, 08:51:34 AM
 #87

A successful trader would not have to share anything with you for money. The trader would already have enough money to not work. Everybody who presents themselves as a successful trader and tries to sell you something is just a trader who can make some profits but nothing substantial for a living.
For a while I was beginning to flow through your point a bit in some cases we still have expected traders who are monetizing the experience and marketing such to up-and-coming traders and in most cases, these tools work for them.

So in general trading just like every other wealth accusation does not have a limit it doesn't matter if the trader is an expert but the quest to make more profits drive most of them into so many other ventures
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February 09, 2022, 07:23:18 PM
 #88

A successful trader would not have to share anything with you for money. The trader would already have enough money to not work. Everybody who presents themselves as a successful trader and tries to sell you something is just a trader who is able to make some profits but nothing substantial for a living.
It takes time before you become a successful trader, but many people can not accept how long they can profit from trading. They need to have skills before trade and that can only get if they learn from many sources and more practices to understand how the market moves. Once they have the right skills to trade, I am sure they can make money for a living because I already see some friends can do this. But their income in a week or month will vary.

Yes indeed, it's not easy as you think it is, there are many grounds that a trader needs to consider before achieving success, if you build a strong system that will allow you to establish more winning trades that will be the time that you can consider yourself as successful trader and be able to manifest good outcome from this business, continuous practices and good patterns to enable you in achieving such goals.

It won't happen in a short span of time but it's continually competitions inside the market.

If you are improving so with those traders who also inside the exchange better to equipt yourself as always.

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February 09, 2022, 08:25:53 PM
 #89

A successful trader would not have to share anything with you for money. The trader would already have enough money to not work. Everybody who presents themselves as a successful trader and tries to sell you something is just a trader who is able to make some profits but nothing substantial for a living.
It takes time before you become a successful trader, but many people can not accept how long they can profit from trading. They need to have skills before trade and that can only get if they learn from many sources and more practices to understand how the market moves. Once they have the right skills to trade, I am sure they can make money for a living because I already see some friends can do this. But their income in a week or month will vary.

Yes indeed, it's not easy as you think it is, there are many grounds that a trader needs to consider before achieving success, if you build a strong system that will allow you to establish more winning trades that will be the time that you can consider yourself as successful trader and be able to manifest good outcome from this business, continuous practices and good patterns to enable you in achieving such goals.

It won't happen in a short span of time but it's continually competitions inside the market.

If you are improving so with those traders who also inside the exchange better to equipt yourself as always.
That is why trading is not an easy task knowing it cannot be learned overnight or within a week, month or year. It is a continuous learning process and learning only takes place based from the experiences that you have gained. The more experiences you have, the wider the scope of learning. And with the healthy competition inside the market, getting ahead from others will never be possible if you don't have the right attitude towards trading, and don't have the skills and strategies that will make you win mostly of your trades.

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February 09, 2022, 09:50:08 PM
 #90

A successful trader would not have to share anything with you for money. The trader would already have enough money to not work. Everybody who presents themselves as a successful trader and tries to sell you something is just a trader who can make some profits but nothing substantial for a living.
For a while I was beginning to flow through your point a bit in some cases we still have expected traders who are monetizing the experience and marketing such to up-and-coming traders and in most cases, these tools work for them.

So in general trading just like every other wealth accusation does not have a limit it doesn't matter if the trader is an expert but the quest to make more profits drive most of them into so many other ventures
Trading creates a limitless opportunities from making profits, but that will only be possible if a trader knows how to take advantage every opportunity that comes. And by following these rules that i have provided, a trader will improve his market understanding and thus, he will be able to trade successfully against all the odds in a competitive market. https://www.investopedia.com/articles/trading/10/top-ten-rules-for-trading.asp

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February 10, 2022, 07:02:27 PM
 #91

That is why trading is not an easy task knowing it cannot be learned overnight or within a week, month or year. It is a continuous learning process and learning only takes place based from the experiences that you have gained. The more experiences you have, the wider the scope of learning. And with the healthy competition inside the market, getting ahead from others will never be possible if you don't have the right attitude towards trading, and don't have the skills and strategies that will make you win mostly of your trades.
Sometimes human nature just doesn't really allow people to do what they should and force them to do the risky thing. Maybe it is the adrenaline, maybe it is idiocy, maybe it is something else but people are drawn to it like bugs to light.

I would assume that the best place to be when trading is in front of a lesson, because if you can see everything as a lesson only then you can be better. Learn it, experience it, fail if you have to but always find something to get better. That is something that people keep forgetting about all the time. I personally still make many mistakes after 9 years, and it is still something I am proud of because I rarely do it twice.
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February 13, 2022, 03:50:43 PM
 #92

Despite the fact that we can't acquire in a flash yet we bring in some good cash by mid-time holding with tolerance. There are other altcoins that are great to hold too however it's demonstrated that assuming you're simply going to hold, pick the best. Exchanging is certainly difficult yet exchanging somewhere within when the likelihood of creating gain is higher than misfortune is protected.


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February 14, 2022, 11:08:08 AM
 #93

A successful trader would not have to share anything with you for money. The trader would already have enough money to not work. Everybody who presents themselves as a successful trader and tries to sell you something is just a trader who is able to make some profits but nothing substantial for a living.
It takes time before you become a successful trader, but many people can not accept how long they can profit from trading. They need to have skills before trade and that can only get if they learn from many sources and more practices to understand how the market moves. Once they have the right skills to trade, I am sure they can make money for a living because I already see some friends can do this. But their income in a week or month will vary.

Yes indeed, it's not easy as you think it is, there are many grounds that a trader needs to consider before achieving success, if you build a strong system that will allow you to establish more winning trades that will be the time that you can consider yourself as successful trader and be able to manifest good outcome from this business, continuous practices and good patterns to enable you in achieving such goals.

It won't happen in a short span of time but it's continually competitions inside the market.

If you are improving so with those traders who also inside the exchange better to equipt yourself as always.
That is why trading is not an easy task knowing it cannot be learned overnight or within a week, month or year. It is a continuous learning process and learning only takes place based from the experiences that you have gained. The more experiences you have, the wider the scope of learning. And with the healthy competition inside the market, getting ahead from others will never be possible if you don't have the right attitude towards trading, and don't have the skills and strategies that will make you win mostly of your trades.
and this needs all sides to understand , we must lose to earn and we must fail to stand again , trading is not just a matter of wanting to earn but also the wanting to learn .
we have seen so much drama from the so called "Investors/Traders" than put their funds inside without proper knowledge and in the end blaming the market for its volatility and their losses.
this leads me to believe that losers will always be losers in crypto, and winners needs to be losers first but learned from it.
so Yes Trading is not for all, but only for those who have the Guts, knowledge and willingness .

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February 14, 2022, 01:19:07 PM
 #94

It quite clear to all of us that trading is not an easy task and if an individual lack a good trading skills it may bead to loses, this aspect has made many to decide to hold rather than trading to avoid mistakes.

This also happened to me, I remember that every time I traded I had losses, I hardly made a profit, so I stopped for a while and came back but when I came back I had another loss once again and I stopped, I stayed in this hellish cycle for a long time. but then I started to realize that it was better to trade on long timeframes

DO YOU AGREE WITH THIS STAT?

I agree because I've been through it

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February 14, 2022, 03:11:26 PM
 #95

Yes, as we know that the crypto market that goes up and down makes a trader have to be smart to take the moment where we can determine the right moment or time to sell, hold and buy coins. being a trader is not an easy thing because we have to follow the market flow where it may not be according to our wishes so we are smart in managing assets. Holding a coin when the market is down is better than selling it and taking a loss. it is not an easy thing because we need to be patient to wait until the market recovers and sell it.

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February 16, 2022, 01:45:09 PM
 #96

A successful trader would not have to share anything with you for money. The trader would already have enough money to not work. Everybody who presents themselves as a successful trader and tries to sell you something is just a trader who is able to make some profits but nothing substantial for a living.

I also think this way because the trader that is having assurance of his strategy to make profit and having that confident will go there in the market and produce whatever profit he wants and not wanting the money from newbies just learning the trade or traders finding diffiiin their trade and needing helping hand to succeed. The trader that has succeeded because a teacher to others when he has time but not relying to take money to in telegram group.
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February 16, 2022, 02:29:44 PM
 #97

Despite the fact that we can't acquire in a flash yet we bring in some good cash by mid-time holding with tolerance. There are other altcoins that are great to hold too however it's demonstrated that assuming you're simply going to hold, pick the best. Exchanging is certainly difficult yet exchanging somewhere within when the likelihood of creating gain is higher than misfortune is protected.
Exchanging is easy as long as that coin you hold is listed in many exchanges, that's not a problem. What difficult is, if you're going to sell at the right time.
Or, if you're going to sell at the price that you desire to sell. Because if you don't sell at the right time, that's where the problem starts and you'll think of it that you should have done this and that.

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February 16, 2022, 06:35:59 PM
 #98

A successful trader would not have to share anything with you for money. The trader would already have enough money to not work. Everybody who presents themselves as a successful trader and tries to sell you something is just a trader who is able to make some profits but nothing substantial for a living.
Not necessarily true, in order to make a living as a trader you need two things, the first is knowledge, without it there is no chance of you to make money in the markets, however the second is a big enough capital, if you have a small amount of money then it does not matter if you are the best trader in the world, you will never be able to cover your expenses by trading alone, so you can find some good money managers out there, unfortunately they are the minority and in order to find them you need to be incredibly lucky.

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February 17, 2022, 09:26:09 AM
 #99

Despite the fact that we can't acquire in a flash yet we bring in some good cash by mid-time holding with tolerance. There are other altcoins that are great to hold too however it's demonstrated that assuming you're simply going to hold, pick the best. Exchanging is certainly difficult yet exchanging somewhere within when the likelihood of creating gain is higher than misfortune is protected.
Exchanging is easy as long as that coin you hold is listed in many exchanges, that's not a problem. What difficult is, if you're going to sell at the right time.
Or, if you're going to sell at the price that you desire to sell. Because if you don't sell at the right time, that's where the problem starts and you'll think of it that you should have done this and that.
This is why we have things like stop loss and buy/sell orders. This way you would end up not being online when your order hits but you get away with getting whatever you want. It is not the ideal situation for most people but it is also not horrible as well. This way you get to make as much profit as you want with the system you built, and that will help you make a profit when you are not even around, even while you are sleeping.

Remember, all the wealthy people in the world focus on this, making money while sleeping. If you are making money during your sleep, then you can become rich. Nobody becomes wealthy by just going to work and making money with their labor.

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February 17, 2022, 03:58:14 PM
 #100

It quite clear to all of us that trading is not an easy task and if an individual lack a good trading skills it may bead to loses, this aspect has made many to decide to hold rather than trading to avoid mistakes.
But in doing that I have observed that while the crypto currency market is highly volatile so if you can flow with the wave of the market one can still make good profits but again its not a guarantee and not an investment advice.
DO YOU AGREE WITH THIS STAT?

Trading is based on probabilities and speculation. If you can speculate well only then you can be able to make decent profits from trading.
A volatile market is often good for trading but it might also lead to losses if you have bad trading skills.
You must also have good skills on when to enter and exit a trade when you are trading between the lines in a specific range.
The most important thing is to know when the range has been broken because that is where many lose their profits.

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