Trade with a business mindset

[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.

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[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.