Trade with a business mindset

[Zilon]

Everyone approach the market differently using different indicators, techniques, strategies and trend detectors. I tried comparing crypto trading and our every day business. People in our commercial markets keep their profit realistic. For every commodity displayed the have a fixed price attached to them and even if the give buyers the opportunity to bargain the always have a fixed price the will never sell below. This regular business individuals also experience loss but because of their consistency and realistic profit margin their profit cover-up for their losses.

Comparing this to crypto trading many traders have good strategy. Some see good profit but fail to take them because the expect something bigger. If crypto traders can use the business mindset on their analysis the ratio of their profit to loss percentage will be so large. A business person keeps their greed out of their business because the know if their price get unaffordable they might lose their customers. If crypto traders have a price the expect from every trade we will have more profit than losses.

Crypto trading isn't a get rich scheme. Some days can be very profitable while some days might be terrible. The good days should be appreciated, the bad days welcomed and because everyday isn't profitable having a good profit plan for everyday trade helps save the profit and limit the losses. The first step is having a working strategy and after that is knowing the limit of your strategy. No matter how good a traders strategy appears there is always a limit it can't exceed. Not because those strategies aren't reliable but because the market varies and no single model trained can make accurate prediction in all market situation. Each of them have their strength and limitations

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[Oshosondy]

In trading, it is good to take away greed and not good to look for what you can not lose, I mean if you can lose $5 daily, then you can think of a way to make $5 daily from trading with your trading capital, in a way that if losses occur, it won't be more than $5. Before losing the $5, there should be a better high range between the entry price and the mark price before the money would be lost.

It is good to have good money risk strategies and also making indicators and other fundamental analyses to back it up.

But we should still considering that trading is risky and far riskier than what you compare it to which are people that buy and sell goods.

[Ararbermas]

Trading is a very unpredictable business tbh and you should accept what amount you can get in every trade as long as you can make profits afterwards and not losing money in it. Be practical and always build a good strategy so that you can gradually get your price target. Being greedy will not work so be smart enough..

[GelatikKembar]

Trading is a very unpredictable business tbh and you should accept what amount you can get in every trade as long as you can make profits afterwards and not losing money in it. Be practical and always build a good strategy so that you can gradually get your price target. Being greedy will not work so be smart enough..

Trading is indeed very complex and to be successful we need many things,
knowledge and skills are two things we must have before trading,
We need to avoid greed because it can make us lose so trade wisely

[Apocollapse]

Eh? Actually trading is a get rich scheme since you're trying make profit everyday by beating the market. Investment is the strategy that not get rich scheme since they don't mind if their investment not making any return for short time as they're looking for long term prospect.

Even though there's a day where market is bear and the price continue to dump, that's what cut loss for.

[AicecreaME]

That's why learning to control your emotions is the top priority list in trading, even in everything you do in your life. Emotion is very tricky, you can be easily manipulated by your own emotions if you don't know how to control it. There's a monk saying that "mind is power" therefore it should be separated on your body, but not literally, lol.

This means that your mind is the master of all the things you'll do, but you must have the power to command it, not the other way around. For example, a bad trade after hours or days of making a good technical analysis could result to a huge frustration and disappointment, your mind will probably tell you to quit or enter a trade without any plan, that's danger right there.

So if you know how to control it, the right thing you'll do is to rest, plan again, and trade again.

[CryptopreneurBrainboss]

Firstly every trader needs the know that trading is a very serious business and if any trader wants to be successful at it then they have to be ready to put in work and dedication. Without doing those then you might most likely not be profitable and results in you quiting. If trading is your professional business then you must learn to input those attributes that helps a business becomes profitable when your are trading, firstly you have to have a clear focus, been able to differentiate your emotion from your business (which is trading) should be a priority before anything else.

Strategizing should come next, as to become a professional traders has to do with you having a strategy that works profitably for you. You can't be guessing and expect the outcome to be productive. Even if it works in the earlier stage of your journey, as you progress the results will change. Any trader that doesn't go with a business mindset and thinks trading is all about been lucky through gambling will end up losing all their capitals.

[palle11]

We need to avoid greed because it can make us lose so trade wisely

Money management in trade is very important here. Despite our skill/indicators, knowledge and emotional control, if we can't have a working money management then all we know amounts to nothing because we are going to be losing just as we are gaining and at a time our loses will take us out entirely. So using appropriate leverage, risk appetite to our capital and stop lose are ways we can be a better and less greedy trader.

[Mpamaegbu]

Some see good profit but fail to take them because the expect something bigger. If crypto traders can use the business mindset on their analysis the ratio of their profit to loss percentage will be so large. A business person keeps their greed out of their business because the know if their price get unaffordable they might lose their customers. If crypto traders have a price the expect from every trade we will have more profit than losses.

You succinctly captured the whole thing in the quoted text. That aspect is the great undoing of many speculative traders, not just crypto alone. There's no trader who would say truthfully that they hadn't been caught in that web. We need a bit of greed once in a while in this market, especially when one thinks the coasts are clear. The market doesn't show us mercy when dealing us in loss and I believe that's why traders expand their expectations while in small profit. However, what I will advise in a situation like this is for such a trader who wants to risk it further to adjust their SL to entry level. It's a bad trading habit to watch a trade already in profit go back into loss. With entry level, you don't loss anything again.

[dimonstration]

I’m trading for many years in crypto but until now I’m not comfortable on my trading strategy even though I’m having a good steady income on stocks trading here in my country. The fundamental analysis on crypto makes crypto trading very wild since you didn’t know when this kind of volatility will hit and on what direction. Even if you have a good TA while a big news can easily deny your TA.

I’m thinking on business mindset but still crypto trading is not meant for a source of steady income for me unlike stocks trading that really work for me since I can saw the the physical business company of each stock that I’m investing.

[traderethereum]

As we trade more we will learn what can be the best method that makes us profitable. It will depend on our dedication and principle in how we handle money when we win and when we lose. There were times we will lose and realize that we should not do such or such move. We must take note of those times and apply in our next method. Once we find the method that make profit we will be able to analyze how to manage it well.

Yes, it is a learning process we can get by practicing it directly to give us experience.
The more we learn about trading, of course, it will increase our ability to analyze and our efforts to get bigger profits.
It's okay if we experience losses; as long as we consider it a process that we must go through, it can also make us cautious in our decisions.
By continuing to learn, we can find which ones are suitable for us to do and in analyzing, we can also get clues about when to enter the market.

[Yamifoud]

I'm not sure how to integrate a Business mindset into trading. Maybe it was because both are aiming to earn profit but what makes them different is that in business every opportunity should not be missed and we have to be more aggressive like a greedy person but in trading, we don't have to do it (greed) as this will make you fail.

Likely, if you are into trading, then make your mindset as a trader. But if you are in business, make up your mind that you are in business as well.

[Awwal08]

I see trading as a business, so anyone who does not have that mindset is wasting is time because both are looking forward for profit. In my own view trading is not a physical business, that why I advise any trader to no rely on trading, have a physical business because of unforseen circumstances.

[so98nn]

I like the word realistic profits from the OP. The thing is everyone wants to start trading today and want to 5x or 100x their investments by the end of the day. This is just ridiculously expensive thought anyone could have even in their dreams. I literally laugh when I see advertisements where some random guy is posing in the film and how seriously he keeps telling his story that he is earning 20-50k every month from trading and he just started couple of months ago and he is using XYZ app that’s why he got success. Bullshit man, I literally laugh on such things. Not only this, now there are instagramers who are experts in the field. But nothing is realistic in them. Trading is big bull game. You have to give lot of time and effort for it.

[rendravolt]

I see trading as a business, so anyone who does not have that mindset is wasting is time because both are looking forward for profit. In my own view trading is not a physical business, that why I advise any trader to no rely on trading, have a physical business because of unforseen circumstances.

Sometimes if they are used to trading they will forget that there is something to prepare when the market is unstable. I am a person with a similar perspective, but I have also set up a small business in real life to cover the income. Therefore it is better to be on guard for things we do not know before it is too late.

[The Cryptovator]

I learn from the time I spent in cryptocurrency that greed is the main problem in cryptocurrency. I had lost a lot due to greedy trading behavior. Over-expectations aren't good always. Then it will be like gambling. I agree with OP that we have to take profits from trade with a min target. Once reach the target we can exit and re-enter once again. This is real life business strategy, selling things and buying again with a profit margin. Not hold for a lifetime with over expectations.

[carlfebz2]

I learn from the time I spent in cryptocurrency that greed is the main problem in cryptocurrency. I had lost a lot due to greedy trading behavior. Over-expectations aren't good always. Then it will be like gambling. I agree with OP that we have to take profits from trade with a min target. Once reach the target we can exit and re-enter once again. This is real life business strategy, selling things and buying again with a profit margin. Not hold for a lifetime with over expectations.

Simply buy and then sell in profits but it might sound that very pretty basic but this is something that you cant really able to do in the right way.Greed would be always your main enemy when it comes to making

money matters which we do know that business or any other activities that involves money will surely be that your main challenge.Setting up some goals shouldnt really be on that unrealistic level.

Take your time on achieving or acquiring it,without the need of being too desperate or making yourself in a rush because we know  that this do really cause and results
into lots of errors or mistakes which we dont really like for it to happen.

[Falconer]

Actually, it can be overcome if we have set a trading plan consistently, both by procuring a structured portfolio.

It is difficult to be faced with greedy words, but we must be aware that the market moves very high fluctuations.

Of course, It is difficult to determine between greed and maximizing opportunities. I understand that sometimes completely trusting in a certain asset will not be good especially if it is not bitcoin, here between greed and maximizing available opportunities will come into play.

Price fluctuations are unavoidable even if it is a stablecoin, so it is true that one can hesitate to say others are greedy or not when they want to maximize profits by taking advantage of these fluctuations. After all, going all-in on one particular asset shouldn't be called greedy, but it would be wise to have some spare money in addition to investing.

[Oceat]

Greed will just ruin your trading method and that's the reason why most of the traders suffer from losses or not gaining enough profit. If you think it this way like how businesses do, you'll notice that they have a day that their sales didn't make enough profit for what they've expected but still continue their business on the next day.

In order to make profit they have to do something like marketing strategy and this is what the Bitcoin market would look like if you see how news affect the price of the market. It's a grinding method everyday not a grinding method in one day that's why most traders suffer from losses.

[goinmerry]

Just treat trading seriously and don't make it a child's game. If we are really determined to learn to trade, we should focus on working on that. Invest in knowledge as even if we spend lots of money doing trades, if we are not learning the process, then we are just throwing away that money.

It will take time to become familiarize with trading but it's worth it once people achieved that.

[pawanjain]

The comparison is good but don't you think that is why we have stoplosses and target orders.
After buying an asset we should put a stop loss long with a target and hence the profit and loss are within our risk taking capability.
I am not sure if comparing trading with business is a good idea or not but we must make sure that our capital is safe.
That is the most important aspect of trading.

[SirLancelot]

That's why learning to control your emotions is the top priority list in trading, even in everything you do in your life. Emotion is very tricky, you can be easily manipulated by your own emotions if you don't know how to control it. There's a monk saying that "mind is power" therefore it should be separated on your body, but not literally, lol.

This means that your mind is the master of all the things you'll do, but you must have the power to command it, not the other way around. For example, a bad trade after hours or days of making a good technical analysis could result to a huge frustration and disappointment, your mind will probably tell you to quit or enter a trade without any plan, that's danger right there.

So if you know how to control it, the right thing you'll do is to rest, plan again, and trade again.

Monks are good at controlling their emotions because this is part of their training. In the videos that we see they can mostly sit and close their eyes. I think that is called meditation and you don't have to be a monk to be able to do it but any person can practice meditating.

It helps soothes your mind so that you can think better the next time you trade. Bad trades are always present even if we already made a lot of preparation so we should not think negatively after it. We should rather think that there's always next time and I bet a lot of us are doing better at some days so our previous losses will always be recovered while earning something at the same time.

[Hamza2424]

Your topic name is really good as you said Trade with Business mindset that really a big tip for the new users as the rules in business similar to that you need to be always well prepared for the coming time as you dont know when and from where you can face some problem so Strong believe and determination is needed in the Trading. Trading is a Full time and Part time both type of Work depends on your investment..

[KingsDen]

Your topic name is really good as you said Trade with Business mindset that really a big tip for the new users as the rules in business similar to that you need to be always well prepared for the coming time as you dont know when and from where you can face some problem so Strong believe and determination is needed in the Trading. Trading is a Full time and Part time both type of Work depends on your investment..

His caption actually got my attention to this topic. Trading with a business mindset and the body also is in line with the caption. Taking profit when necessary is what is obtainable. But even in the business,  not all that is in business knows how to do business.  Some stock their capital in a particular goods for a long time, while some sell with small profit and  return to market to buy more goods, thereby turning over accumulated profits.

In other words, a business man will not give up if he fails in a business, but some traders will give up if their attempts wasn't successful. It is just totally subjective to different individuals.

[ScamViruS]

The biggest problem I face when trading crypto is over-expectation And because of this over-expectation I have to close many profitable trades at a loss. Controlling greed is a very difficult task in crypto trading, because many times even experienced traders cannot control their emotions, greed which leads to huge losses. Trading should be thought of as a business and the target of booking profit should be taken as soon as the trade is taken.

[blockman]

The biggest problem I face when trading crypto is over-expectation And because of this over-expectation I have to close many profitable trades at a loss. Controlling greed is a very difficult task in crypto trading, because many times even experienced traders cannot control their emotions, greed which leads to huge losses. Trading should be thought of as a business and the target of booking profit should be taken as soon as the trade is taken.

When you're in profit, think of it that you're already on it, and don't be greedy and take it as quick as you can. As long as your capital has already got the profit, don't hope for that much since your goal is to trade and not to hold. Have that separate thinking if you're going to hold and trade, because in trades, the market is moving quickly while you hold, it's okay to be patient and all you have to do there is to wait.
So closing your trades at profit as soon as you have seen it is what you have to do and don't expect a lot because it will delay you to close those trades.

[ScamViruS]

The biggest problem I face when trading crypto is over-expectation And because of this over-expectation I have to close many profitable trades at a loss. Controlling greed is a very difficult task in crypto trading, because many times even experienced traders cannot control their emotions, greed which leads to huge losses. Trading should be thought of as a business and the target of booking profit should be taken as soon as the trade is taken.

When you're in profit, think of it that you're already on it, and don't be greedy and take it as quick as you can. As long as your capital has already got the profit, don't hope for that much since your goal is to trade and not to hold. Have that separate thinking if you're going to hold and trade, because in trades, the market is moving quickly while you hold, it's okay to be patient and all you have to do there is to wait.
So closing your trades at profit as soon as you have seen it is what you have to do and don't expect a lot because it will delay you to close those trades.

I agree with you. Building a trading mindset is most important. What I understand from my trading experience is that as the percentage of profit increases, the expectation of making more profit from that trade is also created. I have also taken such trades and was able to close the trade almost at the ATH. So both sides exist here. But yes, it is important to try to stay in favor of the market, if the trader thinks in the opposite direction, it will create a situation of losing capital.

[Viscore]

That's why learning to control your emotions is the top priority list in trading, even in everything you do in your life. Emotion is very tricky, you can be easily manipulated by your own emotions if you don't know how to control it. There's a monk saying that "mind is power" therefore it should be separated on your body, but not literally, lol.

This means that your mind is the master of all the things you'll do, but you must have the power to command it, not the other way around. For example, a bad trade after hours or days of making a good technical analysis could result to a huge frustration and disappointment, your mind will probably tell you to quit or enter a trade without any plan, that's danger right there.

So if you know how to control it, the right thing you'll do is to rest, plan again, and trade again.

As much as possible, never be emotional whatever the outcome of your trades, most particularly if it comes with losses as you will never be successful in trading if you keep chasing your losses. However, losing in trading is a normal thing but if you keep losing in all your trades, then you should start to be worried. Maybe because you are still using your own useless strategy, or maybe your attitude does not fit in trading. So be more flexible and always gain a lot of patience every time you enter into investments or trading activities.

[goaldigger]

Just treat trading seriously and don't make it a child's game. If we are really determined to learn to trade, we should focus on working on that. Invest in knowledge as even if we spend lots of money doing trades, if we are not learning the process, then we are just throwing away that money.

It will take time to become familiarize with trading but it's worth it once people achieved that.

Treat trading as your business and by this you can be more focus and act professionally when it comes to trading. Many didn’t realize that their money are at risk here and that’s why they still choose to trade carelessly until they experience the worst result, that is the only time for them to take this seriously.

Trading is very risky, we should not take this for granted and advised by many, it’s always good to have your own strategy because this is your own battle and you have to do everything just to win in trading .

[blockman]

When you're in profit, think of it that you're already on it, and don't be greedy and take it as quick as you can. As long as your capital has already got the profit, don't hope for that much since your goal is to trade and not to hold. Have that separate thinking if you're going to hold and trade, because in trades, the market is moving quickly while you hold, it's okay to be patient and all you have to do there is to wait.
So closing your trades at profit as soon as you have seen it is what you have to do and don't expect a lot because it will delay you to close those trades.

I agree with you. Building a trading mindset is most important. What I understand from my trading experience is that as the percentage of profit increases, the expectation of making more profit from that trade is also created. I have also taken such trades and was able to close the trade almost at the ATH. So both sides exist here. But yes, it is important to try to stay in favor of the market, if the trader thinks in the opposite direction, it will create a situation of losing capital.

Well, it's a different story when it's about the ATHs. That really triggers us to get the most out of it and make a profit from that moment. But even if it's an all-time high, we want to make sure that we still get profit even if it's not the maximum from it.
As you know what you're doing, you can make profit from it even if it's the desired profit that you're trying to hit. You understand the risk and you're willing to take more of it if you aim for higher.

[Eternad]

The biggest problem I face when trading crypto is over-expectation And because of this over-expectation I have to close many profitable trades at a loss. Controlling greed is a very difficult task in crypto trading, because many times even experienced traders cannot control their emotions, greed which leads to huge losses. Trading should be thought of as a business and the target of booking profit should be taken as soon as the trade is taken.

The problem here is controlling your emotion, I also experienced this when I’m afraid to sell at a good profit because of hoping that the price can still go higher but in the end, I was forced to sell at a loss because of being too greedy not to sell at peak. Having a good mindset is very important, and it can work better if you do your own analysis always because in trading, we should not rely to anyone aside from ourselves.

You will never have a problem with your emotions if you have guidelines set on your trading that you will follow all the time in different situation. Professional have this kind of guide on there trades so that they will open or close there position based on the price conditions and not base on what they feel. Technical play an important role for having a good trade without emotion. You can use it to determine a good price level for selling and buying. Doing this will give you peace of mind that you are doing the right thing rather than rely on your emotion for your decision.

[RockBell]

Trading is a very unpredictable business tbh and you should accept what amount you can get in every trade as long as you can make profits afterwards and not losing money in it. Be practical and always build a good strategy so that you can gradually get your price target. Being greedy will not work so be smart enough..

Most people approach trading with the mindset of always making money, but that is not how business works. You should set limits and develop strategies that will help you make money while minimizing your losses because the entire crypto community is unpredictable. Any time you trade, you should calculate both your profit and loss. Mindset counts a lot in business; occasionally, long-term traders, especially those who are new to the system, may entice you to really sell, but gaining experience from losses should help you learn better since, when it comes to cryptocurrencies, you most likely face financial loss. Once you start involved in trading, you can usually not escape it if you want to get experience.

[Bobrox]

Most people habit trading is the way how to earn much profit and not approach seems as business way how to manage it worth and become passive income with consistent profit earn. Many bad habit why have bad result in trading and several of trader can't adopt with trading as business because loss opportunity and not think clearly before choosing some cryptocurrency for investing. Business build with many step and trading should prepare all basic fundamental seems like business.

Comer from businessman seems easy when controlling their greedy after become investor or trader in Bitcoin, but many people have loss control and not use business mindset when trading, greedy, loss emotional when trading become bad habit and difficult how to make trade as business.

[kapalmabur]

The biggest problem I face when trading crypto is over-expectation And because of this over-expectation I have to close many profitable trades at a loss. Controlling greed is a very difficult task in crypto trading, because many times even experienced traders cannot control their emotions, greed which leads to huge losses. Trading should be thought of as a business and the target of booking profit should be taken as soon as the trade is taken.

The problem here is controlling your emotion, I also experienced this when I’m afraid to sell at a good profit because of hoping that the price can still go higher but in the end, I was forced to sell at a loss because of being too greedy not to sell at peak. Having a good mindset is very important, and it can work better if you do your own analysis always because in trading, we should not rely to anyone aside from ourselves.

Yes, in trading it is important to avoid greed because it will make us lose the good moment when we want to sell or buy,
mistakes you make can make a lesson not to repeat the same mistakes,
that's right do your own research and analysis we have to believe in ourselves

[palle11]

it’s always good to have your own strategy because this is your own battle and you have to do everything just to win in trading .

I have seen people not trying to build their own trading pattern but they are relying on copy trading because of their past experience of loses. They are not doing a business of their own if they are waiting for trade call before they go in because such type of trading is not with business mindset but to always follow the call of a sender whose mind is that of the mind of the sender.

[Rruchi man]

Mindset matters a lot in trading just as it matters in other things. also understanding and having a business mindset towards trading can also help. just like business you make profits and then you also lose in trading and new traders should understand and not bite themselves about this or make their losing discourage them from wanting to keep trading thinking that older traders never lose but always gain.

Everyone experiences losses and the new traders need to recognise and understand this. The only difference is that the older traders know how to manage their losses something that the new traders need to learn, just like business people who manage situations.

[Z-tight]

Trading is a Full time and Part time both type of Work depends on your investment..

In my humble opinion it should be part time only, trading as a full time job is not a great decision to take, i know that many people do it, but it is not good to do so and new traders who want to follow that line may find themselves in a financial mess no sooner than they had started their trading journey. A trader without a job will become a liability very fast, except such person is 'bankrolled' from an external source.

[stomachgrowls]

Trading is a Full time and Part time both type of Work depends on your investment..

In my humble opinion it should be part time only, trading as a full time job is not a great decision to take, i know that many people do it, but it is not good to do so and new traders who want to follow that line may find themselves in a financial mess no sooner than they had started their trading journey. A trader without a job will become a liability very fast, except such person is 'bankrolled' from an external source.

Not great decisions to make.? How about those people who had made themselves as a full time trader? Doesnt matter if theres someone who do love to be like them.Its not their fault if these people would really be

losing money.Of course, when we are just new then it would really be just normal you would be losing money since lots of mistakes that you would really be committing.

Full time trading isnt something that you could really engage or make yourself that effective directly.It is really worth once you do really make yourself sustainable then
this is something that a skill which no one can take it from you.Making trading full time wont be easy but once you do have a good grasps on it then
it is really something worth.

[AmoreJaz]

Trading is a Full time and Part time both type of Work depends on your investment..

In my humble opinion it should be part time only, trading as a full time job is not a great decision to take, i know that many people do it, but it is not good to do so and new traders who want to follow that line may find themselves in a financial mess no sooner than they had started their trading journey. A trader without a job will become a liability very fast, except such person is 'bankrolled' from an external source.

Not great decisions to make.? How about those people who had made themselves as a full time trader? Doesnt matter if theres someone who do love to be like them.Its not their fault if these people would really be

losing money.Of course, when we are just new then it would really be just normal you would be losing money since lots of mistakes that you would really be committing.

Full time trading isnt something that you could really engage or make yourself that effective directly.It is really worth once you do really make yourself sustainable then
this is something that a skill which no one can take it from you.Making trading full time wont be easy but once you do have a good grasps on it then
it is really something worth.

it would take time before you can grasp this market, so if you are just in the beginners stage, better make it as a part time. but later on, once you got a good understanding and learned those unwritten rules, you can very well make this full time. so it depends on the capability of the person whether he will explore this market as part time or full time trader. every person has their level of expertise in this trading market. if you feel you are ready, then by all means you can make this as a full time job. only you can gauge such level as a trader.

[sayaya17]

Trading is a Full time and Part time both type of Work depends on your investment..

In my humble opinion it should be part time only, trading as a full time job is not a great decision to take, i know that many people do it, but it is not good to do so and new traders who want to follow that line may find themselves in a financial mess no sooner than they had started their trading journey. A trader without a job will become a liability very fast, except such person is 'bankrolled' from an external source.

You say that crypto trading should be part time, it's because you have trouble making profit from trading continuously. Even though there are some
people who have succeeded in making trading their main job, because whatever our job is if we do it well, of course it could be something to rely on.
Likewise with trading, if we have managed to get large profits on an ongoing basis from trading, it means that trading can indeed become a full time job.
Moreover, I know some of my friends who make trading as a full time job and they managed to make their lives better. So in the end it depends on
ourselves, we can determine whether trading is suitable as full time or part time. What is certain is that it must be admitted that being a successful
trader is not easy, that's why the number of full time traders is not as much as part time traders.

[Scripture]

it’s always good to have your own strategy because this is your own battle and you have to do everything just to win in trading .

I have seen people not trying to build their own trading pattern but they are relying on copy trading because of their past experience of loses. They are not doing a business of their own if they are waiting for trade call before they go in because such type of trading is not with business mindset but to always follow the call of a sender whose mind is that of the mind of the sender.

Copy trading can work, but you have to pay huge fees for that but I think this can work more if you are too busy to analyze the market, but if you have a lot of time for trading then I also suggest to learn this on your own and save yourself from paying huge fees monthly. Well, I have my friends joined a signal group before, and guess what he choose to leave and start on his own. Trading can be consider as your business as well, you work for it but still the profit is not guaranteed same as business, you need to be more wise.

[Majestic-milf]

I like the word realistic profits from the OP. The thing is everyone wants to start trading today and want to 5x or 100x their investments by the end of the day. This is just ridiculously expensive thought anyone could have even in their dreams. I literally laugh when I see advertisements where some random guy is posing in the film and how seriously he keeps telling his story that he is earning 20-50k every month from trading and he just started couple of months ago and he is using XYZ app that’s why he got success. Bullshit man, I literally laugh on such things. Not only this, now there are instagramers who are experts in the field. But nothing is realistic in them. Trading is big bull game. You have to give lot of time and effort for it.

I quite agree with your view there. In trade, in as much as everyone is expecting to make profit, it's really unrealistic to set a huge profit margin and when it doesn't pan out, you lose interest and conclude this line of trade is not for you.
 
 To become effective and profitable in trade, you should bear in mind that there are sunny and rainy days in business and what helps you carry on is discipline.

[noorman0]

We are talking different things on what is traded and I don't think it can be fully applied to trading crypto (or anything that has a price chart). Business people can almost accurately interpret the level of market demand, for example the need for basic goods. They can therefore adjust the numbers that consumers can reach so as to maintain regular profits.

[fauzan Ichsan]

I like the word realistic profits from the OP. The thing is everyone wants to start trading today and want to 5x or 100x their investments by the end of the day. This is just ridiculously expensive thought anyone could have even in their dreams. I literally laugh when I see advertisements where some random guy is posing in the film and how seriously he keeps telling his story that he is earning 20-50k every month from trading and he just started couple of months ago and he is using XYZ app that’s why he got success. Bullshit man, I literally laugh on such things. Not only this, now there are instagramers who are experts in the field. But nothing is realistic in them. Trading is big bull game. You have to give lot of time and effort for it.

I quite agree with your view there. In trade, in as much as everyone is expecting to make profit, it's really unrealistic to set a huge profit margin and when it doesn't pan out, you lose interest and conclude this line of trade is not for you.
 
 To become effective and profitable in trade, you should bear in mind that there are sunny and rainy days in business and what helps you carry on is discipline.

the bigger the profit target, the greater the risk, they are just marketing that offers goods, so it seems to use various ways to make people interested in following it. very sorry for beginners who are tempted by the offer, of course, at the beginning they wished they could make a lot of money in a short time and without the need to work hard, but many of them will regret it in the end and after that marketing will throw an error

[Mr. Magkaisa]

Everyone approach the market differently using different indicators, techniques, strategies and trend detectors. I tried comparing crypto trading and our every day business. People in our commercial markets keep their profit realistic. For every commodity displayed the have a fixed price attached to them and even if the give buyers the opportunity to bargain the always have a fixed price the will never sell below. This regular business individuals also experience loss but because of their consistency and realistic profit margin their profit cover-up for their losses.

Comparing this to crypto trading many traders have good strategy. Some see good profit but fail to take them because the expect something bigger. If crypto traders can use the business mindset on their analysis the ratio of their profit to loss percentage will be so large. A business person keeps their greed out of their business because the know if their price get unaffordable they might lose their customers. If crypto traders have a price the expect from every trade we will have more profit than losses.

Crypto trading isn't a get rich scheme. Some days can be very profitable while some days might be terrible. The good days should be appreciated, the bad days welcomed and because everyday isn't profitable having a good profit plan for everyday trade helps save the profit and limit the losses. The first step is having a working strategy and after that is knowing the limit of your strategy. No matter how good a traders strategy appears there is always a limit it can't exceed. Not because those strategies aren't reliable but because the market varies and no single model trained can make accurate prediction in all market situation. Each of them have their strength and limitations

-  First of all, for me, traditional business is far from similar to crypto trading. Because in this industry we live in, there is no product that is sold here, instead, the goods that are sold are a virtual currency that depends on the demand of the traders here, and depends on the development of the coin we trade, Then in traditional business, there are some consumables and not while in crypto trading it is not like that. Although I agree with what you said that the price of crypto in the market fluctuates or in other terms most of the coins here are volatile.

As long as you want to have a stable income here in cryptocurrency, you should just be patient, and don't be greedy about how much you want to earn here. It's good that it's slow but the income is sure in the end.

[GeorgeJohn]

Trading is a very unpredictable business tbh and you should accept what amount you can get in every trade as long as you can make profits afterwards and not losing money in it. Be practical and always build a good strategy so that you can gradually get your price target. Being greedy will not work so be smart enough..

You are right, but generally anything that has to do with cryptocurrency is unpredictable, because it's involves a high risk and from my understanding in trading what lures people or some certain investors into lost is because of greediness, so many of traders since they have known that traders greediness is the major thing that deprived them profit, i think they have a limitation with that.

[GreatArkansas]

it’s always good to have your own strategy because this is your own battle and you have to do everything just to win in trading .

I have seen people not trying to build their own trading pattern but they are relying on copy trading because of their past experience of loses. They are not doing a business of their own if they are waiting for trade call before they go in because such type of trading is not with business mindset but to always follow the call of a sender whose mind is that of the mind of the sender.

Copy trading can work, but you have to pay huge fees for that but I think this can work more if you are too busy to analyze the market, but if you have a lot of time for trading then I also suggest to learn this on your own and save yourself from paying huge fees monthly.
(....)

This is a red flag for me. Copy trading will not help you to grow or learn. If your goal is to learn how to trade and become independent in the future, then you should not rely on copy trading. I am not telling copy trading is not good, it depends on your purpose or goal.
Developing how to trade by our own will help us to become a good trader, because through that, we will learn, on our losses and wins, we will learn from there.

[tygeade]

We are talking different things on what is traded and I don't think it can be fully applied to trading crypto (or anything that has a price chart). Business people can almost accurately interpret the level of market demand, for example the need for basic goods. They can therefore adjust the numbers that consumers can reach so as to maintain regular profits.

Producing a good and selling is a very sensitive subject. Because if you produce 25k items and then sell 1k of them it would be your bankruptcy, if you produce 1k and there are 25k people who wants it, you are missing profit, but if you end up producing exactly how much you should sell with only a few leftover items, that means you produced as much as you had to and that’s great.

Too many things that are unrelated in this and with crypto, you can't do something like that with crypto, its not a business but an investment and there are not that many paralels to this situation and crypto. Or at least if there is one, I haven't seen any.

[yhiaali3]

Well done your analysis is very good, you have highlighted an important weakness of most traders, greed, this is a weakness of most traders that market makers take advantage of well because they know that traders think they can make fantastic profits by selling their coins at unreasonable prices.
There is a certain limit to the price that any coin can reach, but traders dream of getting the sale at fantastic prices and do not want to sell at an acceptable point so they hold their coins thinking that it can rise x100 for example, but they miss the opportunity to sell at a good price as a result their greed. In the end, they only get to lose.

[Natalim]

We are talking different things on what is traded and I don't think it can be fully applied to trading crypto (or anything that has a price chart). Business people can almost accurately interpret the level of market demand, for example the need for basic goods. They can therefore adjust the numbers that consumers can reach so as to maintain regular profits.

Indeed, trading has a different approach compared to business. Entrepreneurs are really great when it comes to predictions they can read the market depending on their current status, unlike in trading where it remains unpredictable no matter how long you've been in trading. That is why for some reason some entrepreneurs don't get interested in trading because they know that they can't manage to manipulate the result of their trades which is very unlikely when you are in business as if you want grow your business it certainly you will get.

[BobK71]

A certain amount of profit is logically determined for every business. But many unscrupulous traders sell at inflated prices in the hope of extra profit. Such a situation prevails in the crypto market as well. Where one refuses to sell even after making enough profit, he has to bear the weight of loss at one time. Before doing business we should master some things carefully especially a trader must have realistic knowledge.

[stomachgrowls]

A certain amount of profit is logically determined for every business. But many unscrupulous traders sell at inflated prices in the hope of extra profit. Such a situation prevails in the crypto market as well. Where one refuses to sell even after making enough profit, he has to bear the weight of loss at one time. Before doing business we should master some things carefully especially a trader must have realistic knowledge.

We can really pertain that there are some points which you could eventually make yourself consider a businessman even when you do engage with trading.It might be on different concept on how to make money but

on general sense, you would really be that applying on the same things which you are totally doing when you do have a business.Expect yourself on experiencing losses which is the main ones.

you do need to be versatile which you would really be needing yourself to adapt on whatever circumstances you might be facing on.
It is something that cant really be obtained in a short span of time but once you do get that sufficient experience then you're good to go.

[_BlackStar]

Crypto trading isn't a get rich scheme. Some days can be very profitable while some days might be terrible.

It's hard to expect all traders to have the same mindset as you, most of them are profit regardless of whether they do analysis or just hope for luck. I'm totally aware of that, but it's hard to make everyone aware that crypto trading or investing can't completely be considered a get-rich-quick scheme.

I'm not sure about whether they are really aware of the risks, but I think they know that trading allows them to make profits and lose money. These trades should not be considered a get-rich-quick scheme, they should not ignore the risks involved including the security of the wallet.

[Mpamaegbu]

I’m trading for many years in crypto but until now I’m not comfortable on my trading strategy even though I’m having a good steady income on stocks trading here in my country.

By implication, you're saying stocks is favourable to you than cryptos; if I got you right? If I were you I would concentrate on that which gives me easy and better profit and don't get my hands on many pies. It's easier to concentrate on a few things than much, especially if that much proves unprofitable. For me, I don't trade stocks because it looks analogue and old fashioned to me.

The fundamental analysis on crypto makes crypto trading very wild since you didn’t know when this kind of volatility will hit and on what direction. Even if you have a good TA while a big news can easily deny your TA.

This is sadly true and that makes cryptos highly unpredictable. Fundamentals of cryptos can liquidate investors without blinking especially when they get too comfortable. Look at what happened overnight with Luna. That was a coin whose TA was bullish and then a sudden news of wrongdoing came and plummeted it overnight like a huge joke. It later became a reality. Many investors and traders alike got liquidated on that.

[bhooscream]

Experience will always be the best teacher. Though there are inevitable losses in trading that are hard to sustain, but if you keep learning from them, you can still get decent amount of profits despite of the market uncertainty. After all, trading can be learned and gained, so it’s up to us how we can increase our profits even if it means our working strategies do not last long, we need to keep on developing new ones in order to sustain and maintain consistent profits.

Experience coupled with how we evaluate and learn from the experience so as to provide an even better experience. there are so many professional traders who have had bitter experiences previously and lost a lot of money until finally, they were able to take lessons and evaluate the various strategies. So they can be successful and professional.

However, there are also traders who have had bitter experiences but ended up quitting and not continuing because of the trauma of losing a lot of money and blaming crypto for the defeat, this is how one cannot take the experience as a very valuable lesson.

[lixer]

Mindset matters a lot in trading just as it matters in other things. also understanding and having a business mindset towards trading can also help. just like business you make profits and then you also lose in trading and new traders should understand and not bite themselves about this or make their losing discourage them from wanting to keep trading thinking that older traders never lose but always gain.

Everyone experiences losses and the new traders need to recognise and understand this. The only difference is that the older traders know how to manage their losses something that the new traders need to learn, just like business people who manage situations.

I think mindset is a general word. It's how one thinks so you will still need to specify if what mindset is needed in your description but it seems you are talking about a positive mindset there because we are giving advises here and not someone to teach them a bad way to trade. Trading can be considered as a business because we can earn profit out of it so yeah we need to develop a business mindset when if we are dealing with it.

Losing is a part of every business but there are people who can't help it but to quit because they lose a big portion of their money. This is why it's better to start small first on every business we venture.

[Ahli38]

Comparing this to crypto trading many traders have good strategy. Some see good profit but fail to take them because the expect something bigger. If crypto traders can use the business mindset on their analysis the ratio of their profit to loss percentage will be so large. A business person keeps their greed out of their business because the know if their price get unaffordable they might lose their customers. If crypto traders have a price the expect from every trade we will have more profit than losses.

In addition to greed that makes a crypto trader fail to take profits. the lack of patience factor is also the cause of them failing to enter purchase and sales entries correctly. Many crypto traders are impatient in taking their entry positions. they sometimes analyze well. but sometimes it's because they can't control their emotions and they're impatient that they rush and ignore the good analysis they've got. so sometimes our analysis is right. manage our trader psychology that is not right. and their business minds are always in control of their emotions. so they move according to the analysis they have done. they can refrain from greed. and keep trading patiently and unhurriedly.

most traders who lose are those who cannot control themselves mentally or psychologically.
The emotions we have to control when trading are feelings of fear, greed, patience and serenity. if we can control those emotions. then we can apply our analysis in trading properly.

[wxa7115]

As we trade more we will learn what can be the best method that makes us profitable. It will depend on our dedication and principle in how we handle money when we win and when we lose. There were times we will lose and realize that we should not do such or such move. We must take note of those times and apply in our next method. Once we find the method that make profit we will be able to analyze how to manage it well.

Yes, it is a learning process we can get by practicing it directly to give us experience.
The more we learn about trading, of course, it will increase our ability to analyze and our efforts to get bigger profits.
It's okay if we experience losses; as long as we consider it a process that we must go through, it can also make us cautious in our decisions.
By continuing to learn, we can find which ones are suitable for us to do and in analyzing, we can also get clues about when to enter the market.

Experience will always be the best teacher. Though there are inevitable losses in trading that are hard to sustain, but if you keep learning from them, you can still get decent amount of profits despite of the market uncertainty. After all, trading can be learned and gained, so it’s up to us how we can increase our profits even if it means our working strategies do not last long, we need to keep on developing new ones in order to sustain and maintain consistent profits.

It is true that learning things on our own and going through them is the way in which we can more easily remember the knowledge we have acquired, but if you only learn this way when it comes to a topic like managing your money very quickly you will find yourself losing your capital.

It is important to learn as much as possible from books and the experiences of others as a way to minimize our losses, since trading and investing are two topics which are simply too deep and complex to learn exclusively from our experiences.

[gabbie2010]

it’s always good to have your own strategy because this is your own battle and you have to do everything just to win in trading .

I have seen people not trying to build their own trading pattern but they are relying on copy trading because of their past experience of loses. They are not doing a business of their own if they are waiting for trade call before they go in because such type of trading is not with business mindset but to always follow the call of a sender whose mind is that of the mind of the sender.

Copy trading can work, but you have to pay huge fees for that but I think this can work more if you are too busy to analyze the market, but if you have a lot of time for trading then I also suggest to learn this on your own and save yourself from paying huge fees monthly. Well, I have my friends joined a signal group before, and guess what he choose to leave and start on his own. Trading can be consider as your business as well, you work for it but still the profit is not guaranteed same as business, you need to be more wise.

How long would a trader rely on and continue copy trading after paying huge monthly fee? if they suddenly stop sending signals that mean such a trader will stop trading because of lack of trading skills, why not devote a lot of time on personal learning process of trading, afterall the internet is there with every information that can be harnessed and use to build a personal trading strategy, losses is inevitable in trading however, the ability to manage trades even with a few wins and turn it profitable is another skill in money management above bear in mind that avoiding greediness in trading is the key to becoming a successful trader.

[Hypnosis00]

How long would a trader rely on and continue copy trading after paying huge monthly fee? if they suddenly stop sending signals that mean such a trader will stop trading because of lack of trading skills, why not devote a lot of time on personal learning process of trading, afterall the internet is there with every information that can be harnessed and use to build a personal trading strategy, losses is inevitable in trading however, the ability to manage trades even with a few wins and turn it profitable is another skill in money management above bear in mind that avoiding greediness in trading is the key to becoming a successful trader.

That is a big [problem relying on others as for sure they will never stay at your back all the time. A reason why we should have to push ourselves to learn standing our own feet and enhance our knowledge in trading while there is someone beside us. We have to take that moment as we never know what might happen in the coming days but literally, I foresee good results when having our own decisions as we can do whatever we wanted, though it was risky and full of trial and error. But yeah, this way to success.

[kamvreto]

~snip~Crypto trading isn't a get rich scheme. Some days can be very profitable while some days might be terrible. The good days should be appreciated, the bad days welcomed and because everyday isn't profitable having a good profit plan for everyday trade helps save the profit and limit the losses. The first step is having a working strategy and after that is knowing the limit of your strategy. No matter how good a traders strategy appears there is always a limit it can't exceed. Not because those strategies aren't reliable but because the market varies and no single model trained can make accurate prediction in all market situation. Each of them have their strength and limitations

Crypto trading is a volatile trade and of course it can be a get rich quick scheme or a poor quick scheme and it also depends on how much money is used to trade. Using several strategies and determining strategy limits will certainly make trading more controllable, because every step taken is based on the initial strategy used. Every strategy that is made will indeed not be 100% accurate and there will be some failures that occur, the market cannot be controlled, the volatility is high, as a crypto investor or trader, of course you must be aware of it all. The higher the risk, the greater the return.

[kapalmabur]

How long would a trader rely on and continue copy trading after paying huge monthly fee? if they suddenly stop sending signals that mean such a trader will stop trading because of lack of trading skills, why not devote a lot of time on personal learning process of trading, afterall the internet is there with every information that can be harnessed and use to build a personal trading strategy, losses is inevitable in trading however, the ability to manage trades even with a few wins and turn it profitable is another skill in money management above bear in mind that avoiding greediness in trading is the key to becoming a successful trader.

That is a big [problem relying on others as for sure they will never stay at your back all the time. A reason why we should have to push ourselves to learn standing our own feet and enhance our knowledge in trading while there is someone beside us. We have to take that moment as we never know what might happen in the coming days but literally, I foresee good results when having our own decisions as we can do whatever we wanted, though it was risky and full of trial and error. But yeah, this way to success.

Relying on and continuing to depend on others is a mistake I think we have to realize that,
we must be able to walk alone without having to have help from others continuously,
it's not easy and the key is patience and enjoy the process

[Mr.right85]

Obviously, that's the truth and most persons crypto traders and investors have failed to realise this. It's the reason why many investors rush towards taking an altcoin investment wth hopes to cash up with its golden age as a start up. Some do while others lose due to pump and dump. This is largely due to the fact that, investors still key in on the history of those whom made it out of bitcoin and some altcoin that have been around just enough simply by buying early.

Traders exhibit same strategy by not having a trading plan. They seem not to realise when it's just enough and leave instead, they entertain greed. An element to trading that can lay waste all efforts to making good profits.

Being realistic as to how much would be enough in a trade is skme way to go about minimising loses.

[Xxmodded]

Realistic between business and trade have one goal how to earn profit, I think mindset of trader is business because how can earn much profit when entering in trading. Have calculated about how much profit goal achievement with capital fund have, business have the same planning with trade, allocated several percent fund and profit earn target should be above 10% until 20% in few months or a years. But trading can get profit as soon possible and business maybe need waiting several months later to earn profit, but business have risk and trader have mindset if trading bigger risk than business.

[LUCKMCFLY]

When a person begins to think as if he were a whale, he sees the market in another way, it is better to do it that way, because that way the market can be better understood, because in part those who define the market are the whales, institutions, and when you can the emotions, the fundamental ones, for me it is essential to learn to establish a good control over the information that we are currently receiving, the drums of war, everything related to this can influence the market, also the technical analysis according to how the markets are, sometimes it is better to think like a whale, so as not to be the little fish that the whales eat in the market.

[Fatunad]

Realistic between business and trade have one goal how to earn profit, I think mindset of trader is business because how can earn much profit when entering in trading. Have calculated about how much profit goal achievement with capital fund have, business have the same planning with trade, allocated several percent fund and profit earn target should be above 10% until 20% in few months or a years. But trading can get profit as soon possible and business maybe need waiting several months later to earn profit, but business have risk and trader have mindset if trading bigger risk than business.

Whenever we do talk on things that could potentially make us profit then much sure that we should really be that thinking up on that way which is to avoid losses or minimize it as much as we could.
Its the same concept whether you do make yourself get involved with trading or any business or ventures out there.So it does really depend and vary.
Trading up with a business mindset does really correlate out on how to accept risk and make out back up plans.Same goes when you do really make yourself
that mindful when you do make out trades.

[Slow death]

day trading is something very tiring and stressful that makes the person spend hours on the computer and do not earn a value that compensates the effort, while the person who buys using a longer period of time is able to have greater precision of support and resistance and trend reversal and just buy and place stop-loss and then have the patience to wait days until the price rises a lot and touches a big resistance and then show some candles from reversal from uptrend to downtrend then sell and buy again when the price drops too much to the point of touching an important support and showing a reversal candle from a downtrend to an uptrend, thus making a person profit without having too many headaches

also the technical analysis according to how the markets are, sometimes it is better to think like a whale, so as not to be the little fish that the whales eat in the market.

whales don't buy and don't sell without doing a technical analysis, they don't waste money buying by instinct, they use long-period candles like 1h, 4h and 8h to be more accurate in predicting prices, after they buy they do hodl until the price has a big increase and they only sell when the price shows a strong drop signal

[Dubaian]

To trade in crypto, one must have an understanding of the market. It is always possible to be profitable by investing in cryptocurrencies but if investing it is important to have tips about the trends. When the price of the currency in the market goes down, if you invest, you get a good profit if the market goes up later.

[wxa7115]

~snip~Crypto trading isn't a get rich scheme. Some days can be very profitable while some days might be terrible. The good days should be appreciated, the bad days welcomed and because everyday isn't profitable having a good profit plan for everyday trade helps save the profit and limit the losses. The first step is having a working strategy and after that is knowing the limit of your strategy. No matter how good a traders strategy appears there is always a limit it can't exceed. Not because those strategies aren't reliable but because the market varies and no single model trained can make accurate prediction in all market situation. Each of them have their strength and limitations

Crypto trading is a volatile trade and of course it can be a get rich quick scheme or a poor quick scheme and it also depends on how much money is used to trade. Using several strategies and determining strategy limits will certainly make trading more controllable, because every step taken is based on the initial strategy used. Every strategy that is made will indeed not be 100% accurate and there will be some failures that occur, the market cannot be controlled, the volatility is high, as a crypto investor or trader, of course you must be aware of it all. The higher the risk, the greater the return.

That is the thing, the people that come to this market when we are in the middle of a bull run think of bitcoin as a way to get rich quick, and who knows may be they will get to achieve their goals and make a lot of money in just a matter of weeks or months.

But just as they can get rich quick they can get poor quick as well, the losses people like those can suffer are huge, but they never really stop to think about something so elemental as somehow they believe themselves immune to any negative impact they may suffer.

[Chilwell]

Trading with a business mind set is idea for traders, because if they take strategy on how market trader do their activities, I have stronge believe that they will be no too much loss.

[LUCKMCFLY]

Trading with a business mind set is idea for traders, because if they take strategy on how market trader do their activities, I have stronge believe that they will be no too much loss.

Well, I think that's where you're going, but that has more background, because when we operate under a weight scheme as a company or as an institution, they have a lot of money, and they can win or lose a lot with movements that they make very delicate, then this is something that It can occur not only in the crypto market but also in any other speculation market, be it in forex, crypto, stock market, they all belong to the movement that we know as speculative markets and that is something that goes into a lot of theory and many fundamentals, and at the level of Despite being someone with a lot of money, other types of ideas occur and they operate according to them.

[bocyaj]

We should keep investigating on the company with more background.You can do continuous investment to that company.Because with the certain period,the company crypto currency will increase from the dip to the moon.So you will earn the more money as you like to earn so.People with huge more can earn more money from it.Because they invested huge money to the crypto currency.When the market get to the green shade.They also earn huge from it.

[Captain Corporate]

However, one of the advantages of people who have huge funds would be not caring about surviving in the world. When I invest, I knwo that one health issue, one big unexpected payment, one trouble in my life and I may have to cash out my crypto, I wouldn't want to, sometimes I even make debt on credit card instead of cashing crypto, but its just life and it happens. If you have 80 million dollars, and put 10 million in crypto and 50 million in stocks and 10 million in real estate, you still have 10 million to live, which is more than enough. Hence, we shouldn't really be expecting those rich people to have the same ease of investment as we do, they do not play the same game that we play and that is why they will be able to invest easier and they would be capable of waiting for the bull run easier too.

[meser#]

As Newton said, "I'm able to calculate stars moves, but not the madness of people!". If im not wrong he told it after lost thousands on stocks. Trading can be profitable but until when? You can't follow people madness on there all the time. You need to sleep, you have spent time outside blablabla. When you get back to pc surprise You portfolio -%30, %-40, %-50 First rule of business mindset is being alert on your losses and acceptance on them. If you are obsessed on your losses you wont move forward.

[MainIbem]

Something I understand is that they should set a goal or target while trading anyone who is trading without control or targets might or could get drained up instantly not that he doesn't know how trade but is because they doesn't fix a limits for their selves, all they focused is to get rich over the night and what they kept doing is to bug the market by feeding others. To me sometimes i don't mind just taking 1 dollars or 3 a day is good to have such money that being too greed to make thousands of dollar in just a night such persons might ended up being a feeder to the experts.

[Bhig Daddy]

I'm unsure of how to incorporate trading with a business attitude. Perhaps it was because both endeavor to make a profit, but what distinguishes them from one another is the fact that while in business we must seize every chance and act more aggressively like a greedy person, in trading we should not do so because doing so will lead to failure.
Probably adopt a trader's mentality if you enjoy trading. However, if you run a business, decide that you are running a business as well.

[Hamphser]

I think it should be called a necessity. It should be understood that in order to succeed, a trader really needs to understand the work process very clearly. When I started working in this industry, I initially learned how to work on the demo account of the Amarkets broker.

I agree on the first part but on the second one which its clear that you are just shilling out Amarkets broker.Why would people be touching up this broker if they could actually deal up with crypto based platforms like

Binance? There are some typical forex brokers who do offer out crypto pairs but as we all know that verification level or steps are much more harder plus current platforms on crypto space does have the option

for you to make fiat transactions without the needing of some verification which is really a plus.Trading with business mindset is a default thing to have in mind when you do make trades.
You should familiarize and be aware on things around on whats happening and try to adopt or make yourself volatile as much as possible.

[Xxmodded]

Something I understand is that they should set a goal or target while trading anyone who is trading without control or targets might or could get drained up instantly not that he doesn't know how trade but is because they doesn't fix a limits for their selves, all they focused is to get rich over the night and what they kept doing is to bug the market by feeding others. To me sometimes i don't mind just taking 1 dollars or 3 a day is good to have such money that being too greed to make thousands of dollar in just a night such persons might ended up being a feeder to the experts.

Greedy become bad attitude with trading and many people loss controlling when position earn profit, keep believing with their greedy control and forget how to take profit before price going dump. Ever in this position because most fully believing actually new project can exist for long term at higher price. Right now have been enough with small profit earn and do not care later price pump or not because earn profit above $30 until $100 from capital used above $5,000 in trading seems enough for me. I stop greedy controlling my self because could be bad habit later stuck when price going dump.

[GeorgeJohn]

Trading is a very unpredictable business tbh and you should accept what amount you can get in every trade as long as you can make profits afterwards and not losing money in it. Be practical and always build a good strategy so that you can gradually get your price target. Being greedy will not work so be smart enough..

I agree with you that trading is unpredictable, because when trading or venturing into anything cryptocurrency, the one thing that comes to the mind is to know your target, and failure to indicates your target before trading, it's very obvious that greediness might leads you lose all you have achieve within some space of time.

[Casdinyard]

My peers always tells me to never let your greed take over your mind when it comes to starting a business and with trading. In retrospect both are just investing in its roots, just with different nature of assets. So it wouldn't come as a surprise that healthy business practices would work well when you implement them in your trading discipline. To support my earlier statement, I always think of every pump I gain from my position regardless if big or small as profit already and I call it a day. That's so much better than letting your greed get the better of you and losing your position in the process.

[kapalmabur]

Trading is a very unpredictable business tbh and you should accept what amount you can get in every trade as long as you can make profits afterwards and not losing money in it. Be practical and always build a good strategy so that you can gradually get your price target. Being greedy will not work so be smart enough..

I agree with you that trading is unpredictable, because when trading or venturing into anything cryptocurrency, the one thing that comes to the mind is to know your target, and failure to indicates your target before trading, it's very obvious that greediness might leads you lose all you have achieve within some space of time.

The crypto market is also very volatile and this makes it difficult to predict,
professional traders who have extensive knowledge and skills do not guarantee that they will continue to profit,
in trading we need to have many things and one of them is patience because when we are greedy it will make us lose

[jrrsparkles]

I can say keep your profit margins in a realistic rates but business mindset may destroy the trading because doing business is somewhat compared to day trading so both can be compared to same to same and profitable if people do in that way. Whereas longer trading should rely on the fundamental and be ready to take the opportunity whenever it is possible.

[kamvreto]

Trading is a very unpredictable business tbh and you should accept what amount you can get in every trade as long as you can make profits afterwards and not losing money in it. Be practical and always build a good strategy so that you can gradually get your price target. Being greedy will not work so be smart enough..

I agree with you that trading is unpredictable, because when trading or venturing into anything cryptocurrency, the one thing that comes to the mind is to know your target, and failure to indicates your target before trading, it's very obvious that greediness might leads you lose all you have achieve within some space of time.

The crypto market is also very volatile and this makes it difficult to predict,
professional traders who have extensive knowledge and skills do not guarantee that they will continue to profit,
in trading we need to have many things and one of them is patience because when we are greedy it will make us lose

Patience is an important thing to avoid being greedy, because if someone is impatient and tends to be greedy when trading, every decision making will always be in a hurry and do not see some analysis that needs to be done. The mindset of crypto traders really has to be broad and it has to be more complex to think about strategies to gain profits or minimize losses. Every trader has a different mindset and their own strategy.

[goldkingcoiner]

I think if more traders decided to do their trading with a business mindset, as OP mentioned, then we would definitely see waaay less emotional decision-making that ruins lives of traders because they got too greedy and too fearful.

It is quite understandable. I mean just look at the altcoin traders. For example, Luna. Anyone who was not quick enough to back out lost everything to that shitcoin scam. But then again, anyone who makes bad investment decisions is not going to be interested in serious trading in the first place. At some point trading becomes gambling. Which almost always ends badly.

[borovichok]

I think if more traders decided to do their trading with a business mindset, as OP mentioned, then we would definitely see waaay less emotional decision-making that ruins lives of traders because they got too greedy and too fearful.

It is quite understandable. I mean just look at the altcoin traders. For example, Luna. Anyone who was not quick enough to back out lost everything to that shitcoin scam. But then again, anyone who makes bad investment decisions is not going to be interested in serious trading in the first place. At some point trading becomes gambling. Which almost always ends badly.

Trading is everyday job, that's the way I see it. Some people take it as their day-to-day job while others gamble with trading which is really bad and causes major loses. For the fact that one place trade in a day by guessing and it yielded profit, doesn't mean everyday are like that. Even trading experts experience loses in opening trades. Trading for the purpose of gaining profits, like getting any amount as profits without a target for that day, may lead to loses also. Talking about Luna dump crash, it really affects those that hold gigantic quantities of it, some even believe that it will still pump back but slightly did they know that it would not pump back again. Then if a project like Luna which have already be listed on Binance exchange, and still crashes, so there's no doubt that any altcoins can either dump or pump anytime.

[EarnOnVictor]

One of the major reasons, why traders fail is that they depend too much on their trading strategies, which is wrong. Trading strategies have limits like the OP has iterated, it is our duty to know this limit and either accept it or reject it. If we accept it, we need to work on some successful plans around it, and if we reject it, we need to train more to get another strategy. But a lot causes the failure of traders aside from the strategy as many traders are emotional. This will not help even if we use the best trading strategies.

[Smartprofit]

Everyone approach the market differently using different indicators, techniques, strategies and trend detectors. I tried comparing crypto trading and our every day business. People in our commercial markets keep their profit realistic. For every commodity displayed the have a fixed price attached to them and even if the give buyers the opportunity to bargain the always have a fixed price the will never sell below. This regular business individuals also experience loss but because of their consistency and realistic profit margin their profit cover-up for their losses.

Comparing this to crypto trading many traders have good strategy. Some see good profit but fail to take them because the expect something bigger. If crypto traders can use the business mindset on their analysis the ratio of their profit to loss percentage will be so large. A business person keeps their greed out of their business because the know if their price get unaffordable they might lose their customers. If crypto traders have a price the expect from every trade we will have more profit than losses.

Crypto trading isn't a get rich scheme. Some days can be very profitable while some days might be terrible. The good days should be appreciated, the bad days welcomed and because everyday isn't profitable having a good profit plan for everyday trade helps save the profit and limit the losses. The first step is having a working strategy and after that is knowing the limit of your strategy. No matter how good a traders strategy appears there is always a limit it can't exceed. Not because those strategies aren't reliable but because the market varies and no single model trained can make accurate prediction in all market situation. Each of them have their strength and limitations

Yes that's right!

In the normal business of selling a product, the product has a value.  This is the purchase price (if the item was purchased from the seller).  Or the cost of production (if the product is a product of own production).  In business as usual, sellers of a product tend to sell it at a price above cost.  This is necessary to make a profit.  There are cases of cartel collusion when organizations start selling goods at a price below cost in order to ruin competitors and capture a large part of the market.  

However, this is illegal.  Regulators stop such attempts to manipulate the market.

In trading there is no concept of the value of a commodity.  There is only the concept of the price of buying and selling an asset.  An asset has no physical form and very often has a lot of price volatility.  

Under these conditions, it is sometimes advisable for a trader to fix losses, rather than constantly trying to make a profit on a particular transaction.

[Franctoshi]

the one thing that comes to the mind is to know your target, and failure to indicates your target before trading, it's very obvious that greediness might leads you lose all you have achieve within some space of time.

Exactly, in order to elaborate on this anybody going into any type of business has target and same thing is applicable to trading, You have to know your target, without setting a target in crypto trading you will literally finds a difficult to be profitable. Set targets for taking profits so as immediately you hit your target in the market, you exit the market regardless of wherever the market is headed to, because there is enough liquidity in the market which everybody has its own share, but depends on your trading skill to grab your share.

[Questat]

the one thing that comes to the mind is to know your target, and failure to indicates your target before trading, it's very obvious that greediness might leads you lose all you have achieve within some space of time.

Exactly, in order to elaborate on this anybody going into any type of business has target and same thing is applicable to trading, You have to know your target, without setting a target in crypto trading you will literally finds a difficult to be profitable. Set targets for taking profits so as immediately you hit your target in the market, you exit the market regardless of wherever the market is headed to, because there is enough liquidity in the market which everybody has its own share, but depends on your trading skill to grab your share.

The main goal is to earn a profit. Many people think it was easy and can be done in a short while but the situation is different in the actual scenarios because of many factors that affect our decision-making and mindset. Whether is trading or in business, the same thing goes by and that is to have a positive mindset despite the difficulties we face every day. If we plan and do things to achieve it, I'd see no reason to fail from achieving success.

[crwth]

If you are talking about being able to trade all the time and maintaining a specific risk factor, then you will be profitable in the long run. Imagine being able to bid toward the market consistently and continuously. Imagine being able to time it. It's because you are involved in the market in the first place. If you are, then you are probably going to gain a lot of opportunities as well. That's why an automatic trading tool would be beneficial if you want to be involved in the market continuously.  Risks in the business is always a part of it so you need to be aware and manage those things as well.

[awik p]

Everyone approach the market differently using different indicators, techniques, strategies and trend detectors. I tried comparing crypto trading and our every day business. People in our commercial markets keep their profit realistic. For every commodity displayed the have a fixed price attached to them and even if the give buyers the opportunity to bargain the always have a fixed price the will never sell below. This regular business individuals also experience loss but because of their consistency and realistic profit margin their profit cover-up for their losses.

Comparing this to crypto trading many traders have good strategy. Some see good profit but fail to take them because the expect something bigger. If crypto traders can use the business mindset on their analysis the ratio of their profit to loss percentage will be so large. A business person keeps their greed out of their business because the know if their price get unaffordable they might lose their customers. If crypto traders have a price the expect from every trade we will have more profit than losses.

Crypto trading isn't a get rich scheme. Some days can be very profitable while some days might be terrible. The good days should be appreciated, the bad days welcomed and because everyday isn't profitable having a good profit plan for everyday trade helps save the profit and limit the losses. The first step is having a working strategy and after that is knowing the limit of your strategy. No matter how good a traders strategy appears there is always a limit it can't exceed. Not because those strategies aren't reliable but because the market varies and no single model trained can make accurate prediction in all market situation. Each of them have their strength and limitations

At first, the mistake for newcomers to the crypto world was that they thought that by joining, they would get rich quick, because they knew from the news that there was always a positive side to the crypto world. greed and ambition will actually destroy concentration so that what happens is the opposite of our expectations. there are many projects here that always give hope that will never come, but we must be able to think realistically that in trading we must have a clear portfolio of risk taking and logical rewards

[wxa7115]

the one thing that comes to the mind is to know your target, and failure to indicates your target before trading, it's very obvious that greediness might leads you lose all you have achieve within some space of time.

Exactly, in order to elaborate on this anybody going into any type of business has target and same thing is applicable to trading, You have to know your target, without setting a target in crypto trading you will literally finds a difficult to be profitable. Set targets for taking profits so as immediately you hit your target in the market, you exit the market regardless of wherever the market is headed to, because there is enough liquidity in the market which everybody has its own share, but depends on your trading skill to grab your share.

The main goal is to earn a profit. Many people think it was easy and can be done in a short while but the situation is different in the actual scenarios because of many factors that affect our decision-making and mindset. Whether is trading or in business, the same thing goes by and that is to have a positive mindset despite the difficulties we face every day. If we plan and do things to achieve it, I'd see no reason to fail from achieving success.

Traders concentrate so much on their goals they forget the process is even more important, trading can be very counter-intuitive, you can do everything right and take your time analyzing the markets, waiting for the price to come to you, open a trade with a high risk/reward ratio and still lose money.

While a newbie could invest in a shitcoin which is an obvious scam and make money with it, this confuses traders, but over the long term it is obvious that the trader which does everything as he should is the one which will obtain profits.

[Bhig Daddy]

I'm unsure of how to incorporate trading with a business attitude. Perhaps it was because both endeavor to make a profit, but what distinguishes them from one another is the fact that while in business we must seize every chance and act more aggressively like a greedy person, in trading we should not do so because doing so will lead to failure.

Probably adopt a trader's mentality if you enjoy trading. However, if you run a business, decide that you are running a business as well.

[romero121]

Traders concentrate so much on their goals they forget the process is even more important, trading can be very counter-intuitive, you can do everything right and take your time analyzing the markets, waiting for the price to come to you, open a trade with a high risk/reward ratio and still lose money.

While a newbie could invest in a shitcoin which is an obvious scam and make money with it, this confuses traders, but over the long term it is obvious that the trader which does everything as he should is the one which will obtain profits.

Traders out of experience forget to the process. As said the process have got its importance in money making out of the difference in the market price between time. Not everyone able to book profit, watching the market and making prediction in connection with different incidents is a big source which will ease out booking profit.

At times newbies making big money out of shitcoins confuse the traders. However this is not the reality with majority of the newbies and this is exceptional. So, traders doesn't want to get confused out of shitcoin progress.