Trading have concepts

[hugeblack]

Understanding trading is a deep understanding of the basics of trading, represented by the RSI and Stoch RSI and Moving Averages, in addition to how to use the Fibonacci sequence with them.
The deep inclusion of these basics makes it easier for you to understand all the strategies that can be formed.
After completing the understanding of the basics of the market, it is the turn of how to control emotions, which are the psychological factors of greed and fear, and then the trading strategy, which explains the entry and exit mechanism, the amount of risk and its management.

Your mastery of these skills means that you have become a trader, and your knowledge of them increases your experience

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[worle1bm]

Well the point about concept in trading is just like every other business investment. If you get too greedy, it will mean higher chances of losing out or gaining. With the experience that you narrated, if you guys had removed your capital instead of that you guys went in all for the profit. There is a lesson hear not to go all out for profit with everything you have with the full hope that it won't fail.

When greed overpowers your emotions in trading then you loose control over your mind and it can turn you into loss situation rather then be in profitable state.If you have satisfactory returns then you should cash out but if you are becoming too greedy then many examples are there where it was termed as bad trade.So always trade with different strategies and market judgement and taking firm decisions will help you keeping your greed aside.

[palle11]

If you have satisfactory returns then you should cash out but if you are becoming too greedy then many examples are there where it was termed as bad trade.So always trade with different strategies and market judgement and taking firm decisions will help you keeping your greed aside.

Although satisfactory return is relative and that makes it difficult for some people to cash out on time and that makes them emotional not to jump out when they are suppose to. I believe having different strategies is likely to confuse a trader in the decision that will help them cash out on time before they regret. To stick to a particular strategy that is working is convincing to me on being discerning and decisive. Most times confusion cause lack of proper decision taking.

[serjent05]

I tried to figure out that in trading the concept are not only in one aspect but it's base on your description of understanding trading, many more follows people methods of trading to arrive to same point, one thing I noticed in trading is that it's a skill that every one is up to have base on it discovery step to make it own profits. And I trading some of us causes the problem that arises during course of lost, greediness and anticipation of making more profit is the major caused of losing in trading. Three days ago I was with friends where we are blaming each other because  of mistakes, we contributed money to invest into crude oil business, the first supply of crude oil the company we supply to, we made a good profit and second supply we made a higher profit, for second supply I suggested that we should remove our capitals and move on with our profit we made, but two of my friends insisted that we are going to buy more of the products with all the money I agreed with them for the third supply, on our way going we were diverted by hoodlums and chased out on the vehicle, till date we don't were products is. Its when my friend's realize that greediness is a disease and its a higher risky.

It is obvious that trading has concepts.  There are even rules and factors to consider in trading.  There is also knowledge and discipline to take when engaging in trading.  This alone can obviously tell us the concept about trading.

Trading isn't like gambling where you guess and put your bet and you are ok waiting to either win or lose.  Trading needs learning, a grasp of different concepts in order to maximize profit.  There is also these tecnical and fundamental analysis that has lots of concepts to offer.

Trading is not only the attitude and traits to follow but also follows learnings and adaptability of the decision a person should do in case of a different situations in hand.

[fullhdpixel]

It is obvious that trading has concepts.  There are even rules and factors to consider in trading.  There is also knowledge and discipline to take when engaging in trading.  This alone can obviously tell us the concept about trading.

Trading isn't like gambling where you guess and put your bet and you are ok waiting to either win or lose.  Trading needs learning, a grasp of different concepts in order to maximize profit.  There is also these tecnical and fundamental analysis that has lots of concepts to offer.

Trading is not only the attitude and traits to follow but also follows learnings and adaptability of the decision a person should do in case of a different situations in hand.

The concept of trading is for one to earn profit through buying low and selling high. The factors to consider in crypto trading is the volatility but there are also things which can make the volatility intense or weak. We need to analyze it to be able to perform better. A trader must be knowledgeable so that they can pick a better coins. Discipline is also important so that a trader won't over trade and lose.

It also helps them to hodl for a while in case the price becomes stagnant. Trading is like a gambling but it must not be treated as one however there are still hard headed people who does it. Well I guess they are not afraid to lose and maybe that gives them excitement.

[Similificator]

I tried to figure out that in trading the concept are not only in one aspect but it's base on your description of understanding trading, many more follows people methods of trading to arrive to same point, one thing I noticed in trading is that it's a skill that every one is up to have base on it discovery step to make it own profits. And I trading some of us causes the problem that arises during course of lost, greediness and anticipation of making more profit is the major caused of losing in trading. Three days ago I was with friends where we are blaming each other because  of mistakes, we contributed money to invest into crude oil business, the first supply of crude oil the company we supply to, we made a good profit and second supply we made a higher profit, for second supply I suggested that we should remove our capitals and move on with our profit we made, but two of my friends insisted that we are going to buy more of the products with all the money I agreed with them for the third supply, on our way going we were diverted by hoodlums and chased out on the vehicle, till date we don't were products is. Its when my friend's realize that greediness is a disease and its a higher risky.

The title is quite confusing when you actually read the post body. But regardless, the point was conveyed well enough to be understood, cut the op some slack.

It is quite nice of you to share your experience and thoughts which would be beneficial for newbie traders.

Now for op, trading have concepts. Yes they do, and a lot at that. While one aspect may work great for one person, it may not work as well for the other. Just think of it as a shoe, there's no size that would fit everyone. There will always be bigger and smaller feet. And there's also the design preference and what the intended use would be for the shoe like is it for running, for playing sports etc., etc. I think you get my point.

So as a trader, it is always better to find the best techniques that would perfectly fit your personality and trading style. Glance at other techniques, but don't copy everything, just take whatever compliments your style better.

And in regards with the decision making, you really couldn't have done anything since it is an investment of you and your friends so the majority would of course be the one to decide what would be done with the funds. Just be glad that you and your friends were able to learn something from the experience and are still alive to talk about it.

Another advice would be if you are investing, keep it professional and avoid factors that would affect your decision making emotionally. While it is good to invest along with your friends or family, it would be better to keep the amount only up to a minimum which you can easily brush off if ever lost. This will not only save your funds but will also save your relationship with them. If you really have to, then be picky and only do it with the ones you really trust and you know are well versed in doing such investments.
Good luck bro.

[Gladitorcomeback]

I trading some of us causes the problem that arises during course of lost, greediness and anticipation of making more profit is the major caused of losing in trading. Three days ago I was with friends where we are blaming each other because  of mistakes, we contributed money to invest into crude oil business, the first supply of crude oil the company we supply to, we made a good profit and second supply we made a higher profit, for second supply I suggested that we should remove our capitals and move on with our profit we made, but two of my friends insisted that we are going to buy more of the products with all the money I agreed with them for the third supply, on our way going we were diverted by hoodlums and chased out on the vehicle, till date we don't were products is. Its when my friend's realize that greediness is a disease and its a higher risky.

Yes greediness is the main cause of failure in any field and I will say that the decision which you make to get your money and use your profit to go ahead with same business, same should done with crypto trading because if we move with both profit and capital there will be a greater chance of losing money. There are some rules and ways by following which one can achieve the wanted goals easily but in the desire or making more and more money one push itself towards a risky path. Some people buy coins when it's price become boost up they don't sell it but want to wait more to earn more money but due to this greediness behaviour they drop their profit instead of excessive profit.

[justdimin]

Another advice would be if you are investing, keep it professional and avoid factors that would affect your decision making emotionally. While it is good to invest along with your friends or family, it would be better to keep the amount only up to a minimum which you can easily brush off if ever lost. This will not only save your funds but will also save your relationship with them. If you really have to, then be picky and only do it with the ones you really trust and you know are well versed in doing such investments.

Emotions part is very true, it is not easy to keep your emotions in check that quickly, it may take some time to make a profit when the time comes because you are worried or fearing or happy or excited or whatever else. You may make mistakes if you think with your heart and not with your brain, a lot of people make that mistake and that causes them to have a trouble in the future.

It is going to take some time before we can master trading, but if we can master not using our emotions as our first step then the rest will come easier. Sure you need to learn TA, or need to learn how to read a chart, or many other million things, but if you can't control your emotions then all the other stuff means nothing at all.

[Similificator]

Emotions part is very true, it is not easy to keep your emotions in check that quickly, it may take some time to make a profit when the time comes because you are worried or fearing or happy or excited or whatever else. You may make mistakes if you think with your heart and not with your brain, a lot of people make that mistake and that causes them to have a trouble in the future.

-That is why the advice "Do not make decisions when you are too happy or too angry" or "Do not make decisions when you are overwhelmed with emotions." This is because our emotions influence our moods and minds greatly depending on the situation. Thus, making our decisions clouded in moments when we are too happy or too angry which almost never gives good results.

It is going to take some time before we can master trading, but if we can master not using our emotions as our first step then the rest will come easier. Sure you need to learn TA, or need to learn how to read a chart, or many other million things, but if you can't control your emotions then all the other stuff means nothing at all.

-Which is why gaining actual experience is also very important in education or learning. Having both the knowledge and experience will massively help a person grow not just as a trader but in a lot of aspects in life compared to having or focusing on just one of the two.

[kapalmabur]

Well the point about concept in trading is just like every other business investment. If you get too greedy, it will mean higher chances of losing out or gaining. With the experience that you narrated, if you guys had removed your capital instead of that you guys went in all for the profit. There is a lesson hear not to go all out for profit with everything you have with the full hope that it won't fail.

When greed overpowers your emotions in trading then you loose control over your mind and it can turn you into loss situation rather then be in profitable state.If you have satisfactory returns then you should cash out but if you are becoming too greedy then many examples are there where it was termed as bad trade.So always trade with different strategies and market judgement and taking firm decisions will help you keeping your greed aside.

Previous experience or mistakes in trading, I think we should make it a lesson and evaluation material so that in the future it won't happen again,
besides that we also need to know when to sell or buy because if greedy then it will make a loss,
keep practicing for emotional control however it is important in trading.

[NicNacCoin]

I tried to figure out that in trading the concept are not only in one aspect but it's base on your description of understanding trading, many more follows people methods of trading to arrive to same point, one thing I noticed in trading is that it's a skill that every one is up to have base on it discovery step to make it own profits. And I trading some of us causes the problem that arises during course of lost, greediness and anticipation of making more profit is the major caused of losing in trading. Three days ago I was with friends where we are blaming each other because  of mistakes, we contributed money to invest into crude oil business, the first supply of crude oil the company we supply to, we made a good profit and second supply we made a higher profit, for second supply I suggested that we should remove our capitals and move on with our profit we made, but two of my friends insisted that we are going to buy more of the products with all the money I agreed with them for the third supply, on our way going we were diverted by hoodlums and chased out on the vehicle, till date we don't were products is. Its when my friend's realize that greediness is a disease and its a higher risky.

OP is fine with your business idea. Greed is a bad habit that destroys people completely. Especially when you enter a cryptocurrency trading platform, you need to adopt different strategies. First of all you can't trade there with emotion. Secondly, trading platform cannot be greedy. While greed is not so risky in other businesses, greed in trading platforms is the most risky. You may have been cheated by a friend in your oil business. Here trading with your business is completely different. If you can control a few mediums in a trading platform, you can achieve success there.

[ScamViruS]

Previous experience or mistakes in trading, I think we should make it a lesson and evaluation material so that in the future it won't happen again,
besides that we also need to know when to sell or buy because if greedy then it will make a loss,
keep practicing for emotional control however it is important in trading.

Controlling emotions is the most difficult task in trading, most traders fail here. As a result, it becomes difficult for traders to succeed in trading. Just as it is not possible to buy at a low point, it is also not possible to sell at a high point because we do not know exactly what the next movement of the market will be. So all decisions are based on assumptions, which makes it natural for traders to make wrong decisions if they are overly greedy. So a trader who controls emotions can make better decisions than others during trading.

[Onyeeze]

Well the point about concept in trading is just like every other business investment. If you get too greedy, it will mean higher chances of losing out or gaining. With the experience that you narrated, if you guys had removed your capital instead of that you guys went in all for the profit. There is a lesson hear not to go all out for profit with everything you have with the full hope that it won't fail.

When greed overpowers your emotions in trading then you loose control over your mind and it can turn you into loss situation rather then be in profitable state.If you have satisfactory returns then you should cash out but if you are becoming too greedy then many examples are there where it was termed as bad trade.So always trade with different strategies and market judgement and taking firm decisions will help you keeping your greed aside.

Previous experience or mistakes in trading, I think we should make it a lesson and evaluation material so that in the future it won't happen again,
besides that we also need to know when to sell or buy because if greedy then it will make a loss,
keep practicing for emotional control however it is important in trading.

It's not that investors doesn't know the appropriate time to buy bitcoin or neither sell their coin, what I know that is the course of people having lose into investment is greedy, many people have seen opportunities to cash out when they have seen small profit and their capital, but the greediness of getting more is what makes some of the investors to lose for their investment. In trading you don't need make all the profits from one of your trade, making $10 or $20 in any trade you participate or consistent should be more better than losing what you have because of you are waiting for a bigger profit, some traders don't know that consistent low profit in trading is more better than losing everything why expecting a higher trade.

[death69]

Picture trading like gambling in Vegas, but with odds stacked in your favor, bro. To win big, you've gotta be a trading ninja, knowing the ins and outs and forging your own path to the same cash-loaded destination as everyone else. And remember, trading's a talent we can all master to rake in the big bucks.

In my legendary adventures, I've found that being a greedy Gus and drooling over more profits is what lands you in the loser's circle. It's like hitting a smorgasbord and wanting to stuff your face with everything in sight, but you end up doubled over in pain instead.

Take my buddy's crude oil biz as a prime example. We scored big on our first deal, and our second supply had us rolling in even more green. But when round three rolled up, a couple of my pals got dollar signs in their eyes and wanted to bet the whole enchilada on more product. I caved, but we didn't see the trouble coming—hoodlums booted us out before we could even make a deal!

Moral of the story, peeps: Greed's a nasty bug that'll drag you into risky waters. So, let's trade like champs and ditch the greedy seagull vibes from Finding Nemo, squawking "mine, mine, mine" at every shiny opportunity.

[yhiaali3]

I am sorry for your loss, as I understand from your story that you want to say that greed is the first cause of loss. Yes, I can agree with you on the general principle, although what you experienced could be by chance due to bad people, but you think it is because of the greed of your friends.

In any case, also in cryptocurrency trading, there is a risk of losing money, so you must take all necessary precautions. As for greed, it is one of the bad human emotions that are difficult to control and always cause loss.

[virasisog]

I am sorry for your loss, as I understand from your story that you want to say that greed is the first cause of loss. Yes, I can agree with you on the general principle, although what you experienced could be by chance due to bad people, but you think it is because of the greed of your friends.

In any case, also in cryptocurrency trading, there is a risk of losing money, so you must take all necessary precautions. As for greed, it is one of the bad human emotions that are difficult to control and always cause loss.

Greed is the main reason why people have losses in terms of trading, business or even in gambling. Having the wrong mindset and wrong principles could make us create wrong decisions no matter how knowledgeable we are in our choice of field.
It is important that once we decide to put up a business we should choose the right business partners with the right motive and effective mindset. Emotions could really ruin our journey once we allow them to control everything.

[Johnyz]

I don’t see this as greed where you are just doing business unfortunately someone is not working fair. You cannot just get your capital by just having a three transactions, real business will use that capital until you made a good and established business, even if its too risky. Even a new crypto project, you can’t expect investors to take profit right away, you have to wait for perfect timing. Being greedy is not good but seriously, with the situation of OP they are just tryin to do a real trade. Better to be more careful next time, and have a secured transactions like availing an insurance or escrow.

[Pandu Geddon]

I don’t see this as greed where you are just doing business unfortunately someone is not working fair. You cannot just get your capital by just having a three transactions, real business will use that capital until you made a good and established business, even if its too risky. Even a new crypto project, you can’t expect investors to take profit right away, you have to wait for perfect timing. Being greedy is not good but seriously, with the situation of OP they are just tryin to do a real trade. Better to be more careful next time, and have a secured transactions like availing an insurance or escrow.

that's the temptation to every trader. when they get big profits, sometimes they forget to return their capital first. and be careful when you want to log in again with the same method or assets. trading is not as easy as buying and selling with profit. sometimes we also have to lose because of our own negligence.
OP's experience shows how we should manage our own finances or investments. no matter how close we are with friends, but sharing for investment is not something good.

[lalabotax]

Trading commonly will not go well if we don't have and run the appropriate concept. The concept here is not only about what we have to do but also more broadly, about how we do it, manage it, control it, and also manage our strategies and emotions.
Our maturity and readiness in forming the concept is not easy, especially in applying it. Here, the results will really depend on what we plan based on the concept and also how we realize it

[Hamza2424]

I tried to figure out that in trading the concept are not only in one aspect but it's base on your description of understanding trading, many more follows people methods of trading to arrive to same point, one thing I noticed in trading is that it's a skill that every one is up to have base on it discovery step to make it own profits.

You are totally right, i have seen so many people in their early journey in crypto trading, as they do not get knowledge of trading and how things actually work but instead, they just get into it. The funny thing is this is how they read charts. "hmmm, on the hourly frame, there are consistently 2 red candles and 3rd candle will definitely be green, wait I should check the weekly farm too, and on the weekly frame, if it is consistently 2 green candle then their analysis becomes so accurate that in the upcoming hours BTC will rise." hahaha.

This looks so hilarious well at the start I also try to understand the market with this concept, well sometimes my luck made me profits but most of the time I face loss. (and that was obvious) because without proper planning and education, you can not reach anywhere. There is one example, which most of my professors used to say, That if we want to go to "X" city we need to ride on "x" bus not on "y" bus. The right plan with the right mindset is as necessary as education.