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Author Topic: Biggest reason why you dont make profit first  (Read 812 times)
Viscore
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November 25, 2022, 10:23:24 PM
 #61

The myth of science that humans can only use 10% of the brain's capacity. Speaking of using the brain, how can you write this while you...
i dont use my own Brain
😆 That's the thing with the internet. We mustn't talk for the sake of talking when we don't mean it. Our words have a way of harmfully locating us after we've harmlessly made them.

Well, on the part of OP's suggestion. Yes, one mustn't always be in the market to be profitable. One or two winning trades weekly are more than enough to keep one going as profitable as it can be. Just pick your trades and choose entries for maximum profits.
Even if you aim to be always profitable through trading, that will also not happen because you can't predict the future events of the market that will suddenly make your traders not profitable. So if you can have two winning trades with small profits, as long as you consistently making profits even with small amount, that will be better than not to have trading profits at all.

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November 26, 2022, 04:31:00 AM
 #62

The myth of science that humans can only use 10% of the brain's capacity. Speaking of using the brain, how can you write this while you...
i dont use my own Brain
😆 That's the thing with the internet. We mustn't talk for the sake of talking when we don't mean it. Our words have a way of harmfully locating us after we've harmlessly made them.

Well, on the part of OP's suggestion. Yes, one mustn't always be in the market to be profitable. One or two winning trades weekly are more than enough to keep one going as profitable as it can be. Just pick your trades and choose entries for maximum profits.
Even if you aim to be always profitable through trading, that will also not happen because you can't predict the future events of the market that will suddenly make your traders not profitable. So if you can have two winning trades with small profits, as long as you consistently making profits even with small amount, that will be better than not to have trading profits at all.
It is important to limit our goals to a level we can achieve, many traders come to this market looking to double or even triple their money in just a few weeks, and while this can be done by some of them the vast majority will fail on reaching their goals.

If instead they set themselves a goal of earning on average 10% to 20% of their capital each year this is something they will be able to easily achieve, but since those numbers do not sound as impressive they are not interested, even if achieving those results is within their grasp.

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November 26, 2022, 05:15:13 AM
 #63

Way way generalised statements OP. You can not win the market if you can not beat it in the first place. If I am not wrong then I am pretty sure we need to use our brain to do so and facts and analysis in consideration to get upto excellent trading.

Who says you can not make money in the falling market? Big bulls actually short the position to make more money and they are kings of bearish market.

There are all kinds of strategies are available to trade with. If you know which one to apply at right time then no one can stop you making millions even in such market position.

Perhaps you misunderstood the OP, what he said is pick a trade and look for the best opportunity to strike, once or twice with a good amount in a week is enough to keep you going, you don't necessarily needs to be in the market always just to win a trade. He didn't say you can't make money in this present market state.

OP indicates that your brain get motivated with aiming high than just placing small amount. Whatever approach you apply to win a trade comes from thinking which is also using your brain regardless of the outcome.

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November 26, 2022, 08:14:44 AM
 #64

First of all we need to understood that people results and effecny efect to use brain on full power Are about motivation.
For example If you been offered Job and you get 20k-50k once Job done in short time period your Brain will go sharper becouse of motivation.
Even better 100k-500k your Brain will start functioning 120% not just 100%

The myth of science that humans can only use 10% of the brain's capacity. Speaking of using the brain, how can you write this while you...
i dont use my own Brain

In my opinion, the human brain is not designed for successful trading. 

The human brain is the brain of an intelligent great ape.  The problems that this monkey has solved in the past were quite simple.  In this regard, an octopus or a dolphin solves more complex problems.  These creatures need to navigate in three-dimensional poorly lit space, and the octopus also needs to control all eight tentacles at the same time, since it has many more limbs than a primate. 

An octopus would be a great trader if it could be taken out of the 3D water environment and placed in the trader's chair.  Unfortunately this is not possible.  But we can create artificial intelligence that mimics the evolutionary development of an octopus.  Artificial intelligence does not have to be humanoid.

On the contrary, it is the non-human intellect that is able to achieve maximum success in trading by generating non-standard trading decisions.

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November 26, 2022, 09:40:22 AM
 #65

Well, talking about the Biggest reason OP- you can't assume that you can learn everything in trading for one day. It is a fact that traders never get successful easily but it takes time. That is why people are saying OP that starts trading with small capital for they believe that this amount will just lose upon learning. The big mistake that most traders do is that they keep in their mindset that making a profit in trading is easy and they believe. This is why it makes them a surprise when doing actual trading and makes their money lose it all.

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November 26, 2022, 11:08:52 AM
 #66

Can this work in this bear Market?..

If you do not use margin trading, then in a bear market you can open orders during correction, or stay out of the market. But it must be remembered that the use of margin trading by a beginner leads to the loss of the deposit. In this case, it is better to stay out of the market, as this will save your deposit.

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November 26, 2022, 11:10:51 AM
 #67

I don't agree with this. Profits are already a profit, small or big. Because if you can't handle small profits, how about those big profits later on?
But I know the feeling of having small profits versus big profits, but a trader must possess a mind that "profits is profits" it's like if you can make it small profits, then later on nothing change, the feeling of having small profits must be the same with big profits.

That's right, you should always try to keep the profit. Sitting out in a trade is the same mistake, instead of waiting for a big profit, you can make a small profit and consider other options for the trade. And if you miss the moment when you can take profits, then you can wait until the price goes down and the deal can be unprofitable. Any, even the smallest profit will always be better than a loss.

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November 26, 2022, 05:29:26 PM
 #68

I don't agree with this. Profits are already a profit, small or big. Because if you can't handle small profits, how about those big profits later on?
But I know the feeling of having small profits versus big profits, but a trader must possess a mind that "profits is profits" it's like if you can make it small profits, then later on nothing change, the feeling of having small profits must be the same with big profits.
However, small profits may be very suitable for day trading. Traders should handle small profits to avoid losses due to price fluctuations, and you are right that the correct assumption is that you should be profitable regardless of how big the profits are. I tend to favor lower profits on day trades because it's hard to guess the market, so profits have to be taken.

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November 26, 2022, 09:16:19 PM
 #69

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.

This will depend on what type of investor you are. For me, as a holder, the reason I haven't taken profits is that I believe in the value of Bitcoin. Where Bitcoin will rise again someday, namely in the bullish era. The increase in Bitcoin cannot be predicted with certainty, but the belief is there and will definitely happen. After buying Bitcoin, holding this crypto is one of the fun activities. Especially if we have a bit more Bitcoin. Then this will be my choice to take profits when the rate is according to my wishes in the bullish period later.

R


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November 26, 2022, 09:32:25 PM
 #70

However, small profits may be very suitable for day trading. Traders should handle small profits to avoid losses due to price fluctuations, and you are right that the correct assumption is that you should be profitable regardless of how big the profits are. I tend to favor lower profits on day trades because it's hard to guess the market, so profits have to be taken.
Since it is day trading, surely it is not intended for big profits. If you want to take big profits, you must expect it from long-term investment. It is very rare that there is a significant change in a crypto coin price in a day, it needs time to have significant changes. Usually, it needs for several weeks, months, or even years. Except if there is an event like a trading competition or burning program from a crypto project. This is possible to trigger a big change in a coin price in a short time.


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November 26, 2022, 10:17:41 PM
 #71

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.

Accumulating the bigger profits in trading all seems simple at first but its gets difficult when losing. There's no single chances of waiting for bigger profits in my tips for trading, always settled for any profits you found in your trading position. We have basic types of people in trading, there are the ones that don't like touching their trade until when they're ready to close it, some aim to scalp it day to day with enough monitoring of the market, which is one of the bigger stress in the market.

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November 27, 2022, 06:08:00 PM
 #72

There are various reasons and accordingly situations for which not only me but also many traders make loss. Yes , some of us know the mistakes also. And to be honest OP has really mentioned the accurate reason. We traders need to understand and control the risk management. This is according to me the biggest reason. Also I have seen many traders cant control their greed, for that reason they make unnecessary losses.

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November 28, 2022, 10:47:55 AM
 #73

A year ago I thought of selling bitcoin at $ 66k, unfortunately I thought that the price would continue to rise so I continued to wait, then the price continued to decline and once wanted to sell at $ 52k and I canceled because optimistic the price would continue to rise, maybe the factor greedy and hoping that big profits make us lose the opportunity to profit even with small money.



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November 28, 2022, 01:41:42 PM
 #74

But lemme prove to you that you must not wait for week or even to trade 2 to 3 time per week to make your profits, from my words i believe that " A tree does not make a forest or even a drop of water does not make an ocean "  so it's in real life experiments. Meaning you not must wait to go that far or even hit harder to make profits, you can make a profit in trading with just scalping and making $5 to $20 every single trade of 1 hrs to 3 hrs while accumulating such would yield something good before the weeks runs out than waiting longer for the market to get to it buttomlest point to strike a trade. Yes this true and it depends on the exact capital which the person might seems to start with, what if the trader doesn't have up to $2000 to trading or what if the user has like $100 to $200 does such people have to wait for better chance to start trading?
No! Just i have said is gradually while you keeps accumulating your daily $5 in scalping.

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November 28, 2022, 02:17:53 PM
 #75

When i started at first there were very little knowledge with me and i always worked according to other's opinion, i preferred the opinions of others and not worked with my own brain that's why i lost much money and other thing is that i just join some unknown groups, they provided some sort of signals that were not so true but instead with working that i lost my income. Minimum experience can be dangerous and it definitely required active mind  to get victory.



 

 

 

 

 

 


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November 28, 2022, 02:37:00 PM
 #76

It is accurate. Earning potential and rewards are important factors for our levels of motivation. The higher the pay, the more encouraged we are. The more encouraged we are the more for our brain to start functioning even better. It is psychological.

Trading two to three times per week with a monthly aim of earning $10, 000? Certainly, the capital wanted for these trades is going to be enormous to get rid of being liquidated in case the trade goes in the opposite direction. This is not a simple task to accomplish because leverage trading is highly risky. Professional traders lose too. I really want to earn that sort of money but I will never risk a similar amount of money into leverage trading.

MEGA

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November 28, 2022, 09:53:08 PM
 #77


As if that sounds simple to do. Easy to make a suggestion but in reality, there are lots of things to consider why we will face a tough challenge on the way. It's not that every situation will be favored by us. Even professional and experienced ones are still losing today.

Without those experiences of losing, we will never reach the ability to think of an effective strategy. For me, just continue even if losing as long as we learn from every mistake. Someday, with the right approach, we will achieve that big profit target. Patience is the key.
Well, there is no easy way in trading, that is why even professional traders lose in some of their trades. Although those suggestions made by OP are great, but in reality when you are already in real trading, sometimes you have to just go with the flow, profiting if there are possible chances to make profits and losing if there are none. But as long as you learn from all your mistakes in trading, that will lessen the risk of losing because you won't repeat doing such wrong moves again.

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November 29, 2022, 10:11:03 AM
 #78

Dont rush up on making yourself that profitable because there's no way that you could rush up things.Everything would really comes down into a process where things you do encounter
which would give out learnings along the way which is something that you do really need up.It is just that people are way too impatient when dealing up with trading.
Yeah, being with lack of patience must be one of the core reason why most traders are not making profits. I am sure everyone enters into crypto trading for making massive profits and when they are dreaming about big profits, they are not focusing on the preparation phase. Yes, preparation phase is very crucial for making consistent profits in trading.

In initial period, no one could make big profits but we can be consistent on making profits even it would be small by avoiding losses. But in reality, rushing up toward massive profits lead to losses and when you are in frustrations due to losses, you are missing out real time precious lessons out of own experiences. Without proper initial preparation and lack of gaining 'actual' experiences, obviously no one could make profits in trading.

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jrrsparkles
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December 03, 2022, 03:42:58 AM
 #79

First of all we need to understood that people results and effecny efect to use brain on full power Are about motivation.
For example If you been offered Job and you get 20k-50k once Job done in short time period your Brain will go sharper becouse of motivation.
Even better 100k-500k your Brain will start functioning 120% not just 100%
So you dont succeed becouse you trade with too small money.

The Market is volatile and not moving all the time good so you better trade less like 2-3 max per Week you wait when Market goes down or very up.

You watch you reasearch you watch Market one Week you do all the best then you strike in you attack it depends for each trader but If you use per one trade  2000$ and with 30x leverage you need just 5% price change it Will be
30x5= 150% it's all most 4000$ profit you quiclky move stop loss on profit or close the deal.

You see you move not often but when you move you make money big money gives you enough time to wait.

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.


Motivation sucks, you have to think practical so you can earn only what is realistic and it totally depends on what kind of trading the individual is doing. For example as a day trader making 5% in a day is easy peasy but the fact is they can do that everyday so ome day it will be 5% and next day 1% and the next loss 10% so at the net profit they earn very little so going with short term trade is sensible.

Money will make you to take wrong decisions so don't get motivated by money, just be focused on the goal of achieving what you're planned and try to reach it.









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wxa7115
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December 03, 2022, 07:55:21 AM
 #80

Dont rush up on making yourself that profitable because there's no way that you could rush up things.Everything would really comes down into a process where things you do encounter
which would give out learnings along the way which is something that you do really need up.It is just that people are way too impatient when dealing up with trading.
Yeah, being with lack of patience must be one of the core reason why most traders are not making profits. I am sure everyone enters into crypto trading for making massive profits and when they are dreaming about big profits, they are not focusing on the preparation phase. Yes, preparation phase is very crucial for making consistent profits in trading.

In initial period, no one could make big profits but we can be consistent on making profits even it would be small by avoiding losses. But in reality, rushing up toward massive profits lead to losses and when you are in frustrations due to losses, you are missing out real time precious lessons out of own experiences. Without proper initial preparation and lack of gaining 'actual' experiences, obviously no one could make profits in trading.
Traders focus so much on the goal they miss the journey completely, trading is a process and like any process you need to go through a series of steps, and if you skip some or even all of them then you are not going to be prepared when you face difficulties.

Newbie traders seem to think that all they need to do is to buy a coin and then riches will follow, and when that does not happen then not only they do not know how to act and lose money, but they do not even learn anything from it so they will make those same mistakes again.

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