Biggest reason why you dont make profit first

[jostorres]

It was just one example but point is you should earn weekly at least 10,000$ becouse thats what it takes to live normal life nowdays weekly to earn.

10K USD a week, or 40k per month, where do you live?? I used to think that $30,000 is a high average for a normal person's life, but with $40,000 or $480,000 a year, this is far from average.

As for the strategy of waiting and attacking in a big way, it is successful for long-term trading, which is intended to be more investment than trading. As for trading, the strategies measure the best price during a specific period of time.

A normal person is living a minimalistic life so 30k dollars is too much for them even for a year but 30k per year can be an ideal amount for the most of us who are too ambitious and spends left and right on non essential things.

The strategy of waiting and attacking in a big way, can be the same with hodling when there is a bear market and selling when there is a bull market. And the one that who does that are long term investors, not traders. Traders have a different approach. They value their time more because for them, time is money, therefore, they don't wait for too long but they just keep on attacking continuously though it was not always in big way.

[DoublerHunter]

Trading ideas is not the same from different people. You read some thread and you get the advise not to involve too much money on trading because of risk of losing and the other is telling you to do that to get profit more. It is knowledge and training that a newbie need to overcome this issue and challenge. Trading is not easy because it involves loses.

^ Not only involved in losses and no one will like to throw their money away.
That is why trading is not meant for everyone because it needs more technical skills to overcome the market. The reason why you did not make a profit first is that you need to learn first before making a profit. Sometimes we need to gain experience after we gain profit and there is no shortcut to that, you need to undergo a long process of searching and studying. That is why don't expect profit in trading if you lose that is fine as long as you have learned from your experience and this will not happen again in the future.

[Vaskiy]

When one gets into trading, his prime focus needs to be on learning and keeping himself good on the market activities. Close observation will help an user know better about the market movements. As suggested the volatile market at times create panic, but the real understanding will help us make it an opportunity.

Wider view of the investment is a must with trading, only then it is possible to profit out of it. Need to find ways to make profit out of any market condition. Such a learning is a must and profit focus should be limited and should not go high which at times looks unreachable at that market situation.

[wxa7115]

When one gets into trading, his prime focus needs to be on learning and keeping himself good on the market activities. Close observation will help an user know better about the market movements. As suggested the volatile market at times create panic, but the real understanding will help us make it an opportunity.

Wider view of the investment is a must with trading, only then it is possible to profit out of it. Need to find ways to make profit out of any market condition. Such a learning is a must and profit focus should be limited and should not go high which at times looks unreachable at that market situation.

It is that simple, the OP is trying to find a magical reason why people lose when they trade but this is simply a matter of skill and knowledge.

Successful traders are the ones which with the very same information can make better predictions than their peers, and they can do this since their knowledge about the market is deeper, so no amount of motivation or pseudoscience will change anything, so for those that are tired of losing on the markets there is only one way out, and that is to study as hard as they can for as long as they can endure it and learn everything that comes their way, if someone can do that then they will at some point in the future begin to make profits.

[Wexnident]

It was just one example but point is you should earn weekly at least 10,000$ becouse thats what it takes to live normal life nowdays weekly to earn.

So you see your Brain works by motivation you make better decisions naturally with good motivation.

So instead of small profits wait and attack Big you make enough and you dont have to Shamed about your life you can say to friends you make money in trading.

Is setting a goal of $10k a week for your so-called "motivation"? Or is it really just that you live in a place where it needs $10k to live weekly cause I'd bail tf out if it really was. I understand the idea of using big to create something bigger, but that's pretty subjective in terms of where you are in life. Say $1k may be big in the eyes of an average joe, but it can be peanuts for billionaires out there. Not saying that it's wrong, but rather the fact that you limit yourself to that one move only is.

The idea's there, but there are also other ideas that could prove to be safer, after all, this is something like an all-in type of bet. It's really just up to your style imo, but it is for a fact that your style OP isn't the only style there is.

[el kaka22]

Emotions are always having a vital role in trading and this time you are again bring a known point from the basics but may be with new kind of fancy terms. Usually people do say all these like money attracts money but in depth we can interpret that like 'success attracts success'.  A success definitely will motivate you which again may bring you profits but only when you are not deviating from your plans.

What usually traders do commit after a profitable trade is, get over-motivated and turn as a greedy trader. There is a thin line between being motivated and over-ambitious. Only by experience, you can stick with your plans after a profitable trade. Market scenarios are continuously evolving in-which being motivated beyond a level will collapse everything. This is why trading many times looks like exact gambling.

[blockman]

So you see your Brain works by motivation you make better decisions naturally with good motivation.

So instead of small profits wait and attack Big you make enough and you dont have to Shamed about your life you can say to friends you make money in trading.

I'm thinking that bitcoin will reach $1M soon and that's how big I am thinking and there could be others that are thinking that it will surpass that price in the next several years.
I'm motivated to see the higher prices and honestly, it's all really about your mindset. Like those that are thinking that this bear market is no help to them, they don't see that it's an accumulation period. While the experienced ones, they think of this bear market as the best time to buy.

[Yamifoud]

So you see your Brain works by motivation you make better decisions naturally with good motivation.

So instead of small profits wait and attack Big you make enough and you dont have to Shamed about your life you can say to friends you make money in trading.

I'm thinking that bitcoin will reach $1M soon and that's how big I am thinking and there could be others that are thinking that it will surpass that price in the next several years.
I'm motivated to see the higher prices and honestly, it's all really about your mindset. Like those that are thinking that this bear market is no help to them, they don't see that it's an accumulation period. While the experienced ones, they think of this bear market as the best time to buy.

Ohh, let's people have to think like that, being motivated. Yet, it was just in our minds but not coming to reality.
Perhaps, that is what I see from OP. He'll come and think that putting a huge amount of money into trading will help him reach his target. If he is right, he can be a millionaire for just a year in trading.

I see my friend trading but he tells me the truth, earning a profit in trading isn't easy. Of course, he tells me that he earns some but not all the time. So, therefore, we can't assure that our plan and target will achieve.

[Mr. Magkaisa]

So you see your Brain works by motivation you make better decisions naturally with good motivation.

So instead of small profits wait and attack Big you make enough and you dont have to Shamed about your life you can say to friends you make money in trading.

I'm thinking that bitcoin will reach $1M soon and that's how big I am thinking and there could be others that are thinking that it will surpass that price in the next several years.
I'm motivated to see the higher prices and honestly, it's all really about your mindset. Like those that are thinking that this bear market is no help to them, they don't see that it's an accumulation period. While the experienced ones, they think of this bear market as the best time to buy.

 - In short, we have nothing to lose if we think of positive things, even though this would be impossible in the eyes of the majority because if this is what gives us the courage and a positive outlook on life, I don't see anything wrong with it...

So, it's free to dream, so let's save it. Of course, we can only dream of growing up, because we have nothing to lose, we can even have our dreams come true, as long as we believe in the good mindset we have and don't let ourselves be the ones to let go of it.

[xSkylarx]

~snip~

So instead of small profits wait and attack Big you make enough and you dont have to Shamed about your life you can say to friends you make money in trading.

What I learn from this is that the long term is better rather than the short term without any patience, since greed can lead us to no profit at all. There are a lot of people that can't wait until the big fish come so they aim for small fish instead. We should learn from our first experience to increase our profit from there and how the market move.

It is your strategy to do long-term, which is also proven and tested by traders, but there are still traders doing day trading to earn a profit on daily bases; they just set a target profit on that day, and then they are good. This kind of strategy is not working for all since it requires knowledge, technical analysis, and deep knowledge of bitcoin's price action. Most newcomers do not profit at first because they believe trading is simple and that they can easily hit their target profit, but the truth is that they still need to read a lot of books and watch video tutorials to learn what trading is.

[AakZaki]

~snip~

Experience will indeed affect psychology and how we trade, but psychology is also influenced by complex circumstances that will put pressure on making good decisions or not. Regarding believing in change, everyone has their own control and not everyone can control it properly. Professional people may be better able to keep their psychology stable, but for those who are beginners it will be very difficult to maintain psychological stability. As much as possible you have to stay calm and stick to the strategy that has been made and don't panic too much.

[KingsDen]

You made a lot of sense in your post and I admire that, all you said there is the truth and nothing but the truth. The only factor that is supposed to be considered is whether or not the person knows how to trade.
Your advice is good for pro traders who has bunch of experience in trading. You don't need to attack everyday with small amount of capital, read the market and attack once with large capital and you'll run into massive profits.

This world is for risk takers, any kind of risk-taking is what makes this world move. I remember one of my friend that was trading with thousands of dollarss while I was struggling with hundreds. I no longer trade but he runs into massive profit and his life is changed to a very large dimension. It is because of his ability to take risks that changed his life.

[Falconer]

Experience will indeed affect psychology and how we trade, but psychology is also influenced by complex circumstances that will put pressure on making good decisions or not. Regarding believing in change, everyone has their own control and not everyone can control it properly. Professional people may be better able to keep their psychology stable, but for those who are beginners it will be very difficult to maintain psychological stability. As much as possible you have to stay calm and stick to the strategy that has been made and don't panic too much.

Still it is not easy to maintain this psychology in today's highly volatile market. Just look at how many people panic in the market due to FTX or other issues, it will affect traders even if they are experienced. There is a lot of doubt about the market based on a lot of analysis coming back to find another low, but these are just predictions based on analysis done by people who may turn out to be right or wrong if the trend changes.

Some assumptions say now is the best time to buy in, while others will go out and stay calm waiting for the FTX drama and whatnot to wrap up. The situation will only get worse if this panic about the market continues, and now it's up to them what to do.

[libert19]

Summing up, money makes more money. $10k weekly for living 

[blockman]

So you see your Brain works by motivation you make better decisions naturally with good motivation.

So instead of small profits wait and attack Big you make enough and you dont have to Shamed about your life you can say to friends you make money in trading.

I'm thinking that bitcoin will reach $1M soon and that's how big I am thinking and there could be others that are thinking that it will surpass that price in the next several years.
I'm motivated to see the higher prices and honestly, it's all really about your mindset. Like those that are thinking that this bear market is no help to them, they don't see that it's an accumulation period. While the experienced ones, they think of this bear market as the best time to buy.

 - In short, we have nothing to lose if we think of positive things, even though this would be impossible in the eyes of the majority because if this is what gives us the courage and a positive outlook on life, I don't see anything wrong with it...

So, it's free to dream, so let's save it. Of course, we can only dream of growing up, because we have nothing to lose, we can even have our dreams come true, as long as we believe in the good mindset we have and don't let ourselves be the ones to let go of it.

Yes, everyone has their own predictions and we're all free to think of any price that we want to see for bitcoin. But at the end of it, we have to deal with the reality that it shows.
Whether it will or won't reach those high prices that we wish to see, we'll stay no matter what how low or high it'll project in the future. I'm sure that most of us are gonna stay and will satisfy ourselves by holding it while we can.

[Lanatsa]

It is your strategy to do long-term, which is also proven and tested by traders, but there are still traders doing day trading to earn a profit on daily bases; they just set a target profit on that day, and then they are good. This kind of strategy is not working for all since it requires knowledge, technical analysis, and deep knowledge of bitcoin's price action. Most newcomers do not profit at first because they believe trading is simple and that they can easily hit their target profit, but the truth is that they still need to read a lot of books and watch video tutorials to learn what trading is.

Step by step, we will understand difference of long term and short term in your trading. most people who did not have the profit is because they only do it for the sake of saying they know how to trade, they are just being influenced by a certain person or something. Sooner or later we will understand different terms and strategy that we can use soon in all of our trades.

When you do make yourself dive in into something on a rush manner, then most of the time you are really that missing out the primary idea or concept on how this market works which it is really that common

that mistakes and errors would really be experienced along the way.Dont make yourself that too positive or really that optimistic on what ever things you've been dealing.You cant really be a profitable investor
or trader directly without passing all of those trial and error on a specific period of time.

This isnt a race, the thing you should mind is on how you would really be making yourself sustain for long term duration or runs.

[AakZaki]

Still it is not easy to maintain this psychology in today's highly volatile market. Just look at how many people panic in the market due to FTX or other issues, it will affect traders even if they are experienced. There is a lot of doubt about the market based on a lot of analysis coming back to find another low, but these are just predictions based on analysis done by people who may turn out to be right or wrong if the trend changes.

Some assumptions say now is the best time to buy in, while others will go out and stay calm waiting for the FTX drama and whatnot to wrap up. The situation will only get worse if this panic about the market continues, and now it's up to them what to do.

it is not easy to maintain psychological stability when the market crashes like today and this is compounded by the FTX case which makes people no longer trust exchanges and withdraw all their money and some even sell assets at a lower price. the impact of the FTX case is being felt today.
Now is the right time to invest and wait for the bull market to come, but we also have to be prepared if the market continues to show crashes.

[justdimin]

it is not easy to maintain psychological stability when the market crashes like today and this is compounded by the FTX case which makes people no longer trust exchanges and withdraw all their money and some even sell assets at a lower price. the impact of the FTX case is being felt today.
Now is the right time to invest and wait for the bull market to come, but we also have to be prepared if the market continues to show crashes.

It would actually be the most important thing, because when the market crashes, if you could keep your emotions at bay, then you know what to do. It’s as old as time, you just DCA and buy a ton of bitcoins if you can, and I know most of the world is not at a point where buying bitcoin is possibility, not everyone has money and I certainly lack funds to buy more right now, hoping that after new years I will be able to invest some more.

However, if you let your emotions impact your trading, then you are going to be doing a lot worse and that’s going to cause you to have a ton of trouble, I suggest everyone to stop "feeling" things running their trades, and start using just their brains and nothing more.

[Oceat]

It is your strategy to do long-term, which is also proven and tested by traders, but there are still traders doing day trading to earn a profit on daily bases; they just set a target profit on that day, and then they are good. This kind of strategy is not working for all since it requires knowledge, technical analysis, and deep knowledge of bitcoin's price action. Most newcomers do not profit at first because they believe trading is simple and that they can easily hit their target profit, but the truth is that they still need to read a lot of books and watch video tutorials to learn what trading is.

Step by step, we will understand difference of long term and short term in your trading. most people who did not have the profit is because they only do it for the sake of saying they know how to trade, they are just being influenced by a certain person or something. Sooner or later we will understand different terms and strategy that we can use soon in all of our trades.

It's a matter of time before they will realize what they are doing since trading isn't for everyone.
How long do you think they will realize it? It will take such courage and a readiness to accept losses just to prove how effective their trading skills in the market. Practice makes perfect as they say that's why you do it repeatedly in order to get the best strategy you will gonna use to earn a decent profit that's big enough to compare to your skills.

[AakZaki]

It would actually be the most important thing, because when the market crashes, if you could keep your emotions at bay, then you know what to do. It’s as old as time, you just DCA and buy a ton of bitcoins if you can, and I know most of the world is not at a point where buying bitcoin is possibility, not everyone has money and I certainly lack funds to buy more right now, hoping that after new years I will be able to invest some more.

However, if you let your emotions impact your trading, then you are going to be doing a lot worse and that’s going to cause you to have a ton of trouble, I suggest everyone to stop "feeling" things running their trades, and start using just their brains and nothing more.

DCA is a good strategy that can be applied when the market continues to crash, as long as you still have reserves of money it's still safe to continue investing, but do analysis and buy at lower prices to further increase the buy avarage and buy more coins.
Holding back and waiting for a bullish time will certainly be difficult if emotions get out of control and become a problem. Using only the brain on trading will not be fully feasible, sometimes emotions will take a toll.DCA is a good strategy that can be applied when the market continues to crash, as long as you still have reserves of money it's still safe to continue investing, but do analysis and buy at lower prices to further increase the buy avarage and buy more coins.
Holding back and waiting for a bullish time will certainly be difficult if emotions get out of control and become a problem. Using only the brain on trading will not be fully feasible, sometimes emotions will take a toll.