Trading not a get rich quick

[usekevin]

Some people thinking,the short way to get rich by the trading,but it’s apply after certain period of time.This is not the short phenomenon,some greedy traders invest their money and try to get rich in one month.Actually it takes huge work of trading with different capital.Mostly the money to the trading should be increased with the increase in the profit.Every profit should be added in the way that the profit also increased gradually.When you are face the bear market,just hold the coin without any hesitation.Anything can be changed over a night.So we need to wait til that night for the pump.Bear market is not the permanent one.

[Rengga Jati]

This is a basic understanding that must be owned by every serious person in the crypto business, especially those who want to trade or invest in crypto. Because often I hear someone wants to quickly get a lot of money by trading in crypto. I often see how affiliates or influencers try to influence potential traders to trade with such high promises. Whereas in reality this is not the case... Trading is not that easy to make someone rich. On the contrary, it can actually make someone poor faster, especially because he is not capable of trading but forces it like gambling.

[jeraldskie11]

I do not see the market changing at all, but trading is just not easy at all. Trading is easy to learn, but to use it to make money is not easy. The scariest thing about trading is that you can be professional and still lose

I didn't say the market was changing; I stated the market's habits were changing. If the market's habit is permanent, then we must all be profitable because the strategy we backtested has a better win rate. We all know that knowing the basics of trading is not difficult, but when we apply it in actual, it involves emotions every time we trade, which makes it tough to execute. Professional traders continue to lose money, but overall they are still profitable.

The phase is changing depends on the manipulation or the sentiment of the people. Although its not easy to get rich on trading but if we know the technical aspects it can increase our chances to win on our trades .

But the main thing on trading is we shouldn't get our emotion defeat us especially becoming more greedy since this is the one could give us a problem on our trades made.

That is why, before we trade, we must ensure that our emotions are normal. Trading requires more than just market analysis. Even if we are very excellent at it, if our emotions continue to govern us, we will lose. To accomplish this, we must understand psychology by reading books such as Trading in the Zone and Atomic Habits and it is recommended by most profitable traders. If we accomplish this, we will be able to keep to our plan and avoid the revenge trade, which is extremely risky for our port.

[duckalis]

Why does a reputable media like CoinTelegraph call meme cryptos ‘stocks’? Is Dogecoin or Shiba Inu a stock? Of course not. Even security tokens and equity tokens can’t be called that.

[isaac_clarke22]

Trading isnt really that a get rich quick kind of thing because it does involved skills and knowledge when dealing up with it, if you arent really that good enough on this then expect you would really be having
that kind of outcome or results which isnt something according into your likes but of course it would really be just normal  that you should really be that versatile or would be able to adapt and make out
adjustments if you wanted to. We should really be having that realistic approach on to this because if you would really be having those expectations then you would
likely be comitting lots of errors and mistakes along the way which we should really be needing to avoid on the first place.

Let me tell ya that if I had continued to day trade before, I would have been homeless until today. Trading is not meant for everybody and I have been telling people/users from that. It's perfectly fine if you're a hodler or do other strategies in trading crypto.
It never was meant to be a "get rich quick kind of thing" like you said and in fact, it could be "get broke quick". Some people are just really gifted to do these kinds of things.
HODL if you can only afford to HODL.

Why does a reputable media like CoinTelegraph call meme cryptos ‘stocks’? Is Dogecoin or Shiba Inu a stock? Of course not. Even security tokens and equity tokens can’t be called that.

Considering how popular meme coins became, I am not surprised anymore that they were called "stocks", lol.

[lienfaye]

He made two mistakes in this regard,
1. being in meme stocks
2. using other people's money that is not his right with the aim of restoring his condition that has lost a lot.

This is obviously ridiculous when we know that being in memes is something that may not even be recommended if we don't have momentum and can enter and exit in the right way.
On the other hand, many have also emphasized in this case, Invest according to our abilities and never do this with borrowed money if we cannot be responsible for it, especially since he is consciously embezzling money and it is really ridiculous.
He is wretched for his own actions.

Exactly. Using the embezzled money in meme "stocks" are ridiculous and you're not in your right mind if you invest in meme coins using the money that is not yours. Is he thinking this can make him rich? Even if you invest in Bitcoin or other established coins we can't 100% guarantee a good result, so what can you expect if you chose meme coins instead the ones that are already established? It's a huge mistake if you believe this can make you rich quick.

Anyway, it's an eye opener for many people to not think that you can get rich in snap.  Because it depends on where you invest, your knowledge about it and how patient you are to wait because it can take a long period. In addition, don't try to trade if you have no money of your own to start your journey.

[peter0425]

That would be the most stupid idea I ever encounter here in forum ,
those people that seeks chances to be instant millionaire , even wanting to find GEM so they will be rich when they woke up in the morning lol.

actually trading is something similar to Holding and yes , if you wanted to become richer then you must be ready in holding or keeping your coins once it fails you to earn.

[Peanutswar]

Recently people now are making gambling with the shitcoins because we know how it goes into an instant profit but not this kind of story always happens, for some reason, some lucky people get an entry into altcoins or these kinds of coins and take profit once they make an excellent multiplier of their investments, and some of the people getting courage with this motivational content by them and hoping it will happen this at them which is not impossible but luck. If you are an investor and have a extra for an investment this is ideal but taking all your money in a single pot this makes risk all of your money, not in the crypto space are guru they are just lucky enough to manage the risk.

[blockman]

Why does a reputable media like CoinTelegraph call meme cryptos ‘stocks’? Is Dogecoin or Shiba Inu a stock? Of course not. Even security tokens and equity tokens can’t be called that.

That's just for their readers for them to easier to understand. It's easier for them to relay to their audiences if they'll just call it meme stocks, instead of meme cryptos. But I do get the point and they should call it as is because that's what should be called.
Other than that, I'm thinking that it's just all about these jargon words that they're avoiding for their readers to get some attention and can easily relate to what they're telling and specifying about the subject matter.

[Franctoshi]

Any trader coming into Trading with the mindset of getting rich quick is just getting the whole stuff about trading wrong, trading requires patient, with a slow and steady method and not wholy depending on trading to earn a living, that's definitely gonna put you up trading on pressure, though for some people that could be a major source of income for them. Most of unsuccessful traders today enters in to trading with such mindset which have resulted into blowing up there trading account.

[LogitechMouse]

~

After my experience with SAFEMOON, I will never, ever try investing into meme coins again.. or maybe I will with DOGE, if I got bumped, and unfortunately my head got hit.

Trading isn't a get-rich quick scheme. I hope that traders know that, and I think the ones who has this kind of thinking when it comes to trading are the new traders who they think that they can get rich in trading that easy. If only trading is that easy then all of us would've been rich by now. Now that we have futures trading, most of the traders especially the newbie ones are jumping, and trading on it not knowing the risks that they can face while trading on futures.

Well, it's good that the perpetrator got arrested with what he did. There are some people out there who did the same, or got even higher amounts of money, but didn't get arrested unfortunately. Overall, I hope this serves as a lesson for those newbie traders out there that don't touch meme coins because anytime soon, they will just diminish alongside with your money if you invested into it.

[Blowon]

rush in working on project profits with big results is why so many scammers are scattered now. it's a shame that even projects that are starting to grow bigger do that. I think it's better not to make this your main source of income.

[lombok]

Any trader coming into Trading with the mindset of getting rich quick is just getting the whole stuff about trading wrong, trading requires patient, with a slow and steady method and not wholy depending on trading to earn a living, that's definitely gonna put you up trading on pressure, though for some people that could be a major source of income for them. Most of unsuccessful traders today enters in to trading with such mindset which have resulted into blowing up there trading account.

I agree with you. When I first started trading crypto, I had the ambition and thought of getting rich quick through trading, but instead I lost all of my fucking money. I keep learning and now I'm grateful to have a stable determination and mind with patient and diligent trading techniques. Even though the profit I made was relatively small, I was able to be consistent and able to resist the urge to not be greedy.

[Quidat]

~

After my experience with SAFEMOON, I will never, ever try investing into meme coins again.. or maybe I will with DOGE, if I got bumped, and unfortunately my head got hit.

Trading isn't a get-rich quick scheme. I hope that traders know that, and I think the ones who has this kind of thinking when it comes to trading are the new traders who they think that they can get rich in trading that easy. If only trading is that easy then all of us would've been rich by now. Now that we have futures trading, most of the traders especially the newbie ones are jumping, and trading on it not knowing the risks that they can face while trading on futures.

Well, it's good that the perpetrator got arrested with what he did. There are some people out there who did the same, or got even higher amounts of money, but didn't get arrested unfortunately. Overall, I hope this serves as a lesson for those newbie traders out there that don't touch meme coins because anytime soon, they will just diminish alongside with your money if you invested into it.

I did have lots of bad experiences on investing into meme coins specially into those which are newly launched specially on Poocoin or Dextools in between BSC and ETH
which you could really see that there are tones. Basing up on my own experience then losses would really be that evident but what matter the most is that you would be still
ending up on positive or in profits. Well, it does accompanied with some luck and really some in depth DYOR because we do really know that this isnt something
that we could just simply be that too confident because we are investing our money on here.

I could say that making 10-100x in meme coins is really easy but choosing which one would be the toughest challenge at all.You should really know on when to get out
and look or find for another one. Rinse and repeat and you would be able to get those kind of results but of course it would be needing up some luck too.

[irhact]

Any trader coming into Trading with the mindset of getting rich quick is just getting the whole stuff about trading wrong, trading requires patient, with a slow and steady method and not wholy depending on trading to earn a living, that's definitely gonna put you up trading on pressure, though for some people that could be a major source of income for them. Most of unsuccessful traders today enters in to trading with such mindset which have resulted into blowing up there trading account.

The tokens available for trading are so many that it becomes impossible not to get tempted to trade them when you see others making millions from this projects, you might have decided to be disciplined but the temptations are just too much to ignore that if you don't have control over your emotion, before you know it you'll be among the traders chasing after hyped projects.

New traders want to make the money as quickly as others are doing and they fail into the trap of chasing after hyped project although this strategy doesn't work workout the same for everyone as you might be losing for the same things others are doing and becoming successful.

[Dr.Osh]

Any trader coming into Trading with the mindset of getting rich quick is just getting the whole stuff about trading wrong, trading requires patient, with a slow and steady method and not wholy depending on trading to earn a living, that's definitely gonna put you up trading on pressure, though for some people that could be a major source of income for them. Most of unsuccessful traders today enters in to trading with such mindset which have resulted into blowing up there trading account.

well, most of the new traders who come sometimes feel that trading is a method to accelerate the increase in the money they have so they don't hesitate to trade with their savings, or even by selling other investment assets they like houses, then try to trade because they feel that this is a quick way to get rich.
However, I think they lack information about the risks of trading. they sometimes only look for information about the benefits, but forget about the risks. However, trading is not a place to make money quickly, it's just that if they really learn in the world of trading, they can get it that way with minimal risk.

[tygeade]

Investing with the goal of wanting to get rich quick is the wrong mindset, in fact you could become a rich person through investing, but it's not as easy as you might think. It takes a long process to mature to be able to achieve large and stable profits. I heard that the average person who has the mindset of wanting to get rich quickly always fails in the investment world by leaving only debt. This mindset makes them careless and in a hurry to get profits without realizing the losses, so they always fall down and have to start over. If investing is based on greed and the mindset of wanting to get rich quick, then what's the difference with gambling.

To get rich, it takes time unless you win the lottery, which means you'll get rich instantly, but again, depending on how fast you get that money, that is also how fast you will lose it. For sure, those people who really want to get rich quickly haven't faced any problems, let's say in investing. Because we are too greedy for profit, we lost all of our money, which we learned lessons from. The same is true in real life: doing overtime and multiple jobs makes your health suffer. Everything takes time, and you should have patience with it.

I feel like as long as you do what you should, rest should be with just time and smart decisions as well. Nobody can get rich quick, but there are people who fail to get rich slow as well, they end up investing into things that they think will make them rich quick, and lose all their money, you shouldn't do that at all.

This is why the possibility of getting rich given enough time exists, but not everyone takes that, and many lose money while investing into big things as well. Getting rich quick does not exists, it's not an option, but while chasing it, losing the possibility of getting rich eventually is the biggest mistake people do, and as long as you can stop doing that, and just take care of business every single day, grind for decades, you will get rich.

[Pandu Geddon]

Any trader coming into Trading with the mindset of getting rich quick is just getting the whole stuff about trading wrong, trading requires patient, with a slow and steady method and not wholy depending on trading to earn a living, that's definitely gonna put you up trading on pressure, though for some people that could be a major source of income for them. Most of unsuccessful traders today enters in to trading with such mindset which have resulted into blowing up there trading account.

well, most of the new traders who come sometimes feel that trading is a method to accelerate the increase in the money they have so they don't hesitate to trade with their savings, or even by selling other investment assets they like houses, then try to trade because they feel that this is a quick way to get rich.
However, I think they lack information about the risks of trading. they sometimes only look for information about the benefits, but forget about the risks. However, trading is not a place to make money quickly, it's just that if they really learn in the world of trading, they can get it that way with minimal risk.

it was stupid and very hasty act of a newbie. even when they lack basic skills in trading crypto assets. but what you say is true. some beginners think crypto assets can provide profits in a short time. It's all because of the coverage on social media. hoping to follow the fomo that happened, actually they are late and will have more potential to get losses than profits because they don't come at the right time.

[LastKiss]

~snip~

As for trading, not that it is not a get rich quick, but you should use the money that you can afford to lose. The man may wanted to return that money, but crypto and meme stock trading  landed him in prison.
~snip~

Yeah, since trading is not guaranteed our profit then we can't hope to get rich quickly from trading but there are people who become rich from trading because they already know the market behavior.  Even those people who are experts in trading are still not guaranteed their profit through the market since the crypto market is not predicted at all. It's sad when people invest or trade in crypto especially meme coin because they're hoping they can get rich in a quick time but actually, they're only risking their money.

[Oilacris]

Any trader coming into Trading with the mindset of getting rich quick is just getting the whole stuff about trading wrong, trading requires patient, with a slow and steady method and not wholy depending on trading to earn a living, that's definitely gonna put you up trading on pressure, though for some people that could be a major source of income for them. Most of unsuccessful traders today enters in to trading with such mindset which have resulted into blowing up there trading account.

well, most of the new traders who come sometimes feel that trading is a method to accelerate the increase in the money they have so they don't hesitate to trade with their savings, or even by selling other investment assets they like houses, then try to trade because they feel that this is a quick way to get rich.
However, I think they lack information about the risks of trading. they sometimes only look for information about the benefits, but forget about the risks. However, trading is not a place to make money quickly, it's just that if they really learn in the world of trading, they can get it that way with minimal risk.

it was stupid and very hasty act of a newbie. even when they lack basic skills in trading crypto assets. but what you say is true. some beginners think crypto assets can provide profits in a short time. It's all because of the coverage on social media. hoping to follow the fomo that happened, actually they are late and will have more potential to get losses than profits because they don't come at the right time.

One of the most dangerous things when it comes to trading or investment is on the time where FOMO do kicks in on which noobs are usually getting been sandwiched and left out on the top or peak spot

which they would really be ending up on being a holder just because their investment had experience soo much or too deep negatives and this is why they would be making out some realizations that it is really that never ideal on making yourself get dragged with a hype because on the time that the market would really be making out some u-turn or simply those people who had bought on the bottom
would sold out their holdings for profits or securing out easy money then for sure there's nothing you can do.

Dont make yourself that get too impulsive on things on where it might be looking that interesting or something too good to enter because everyone is being hyped up.
This is a solid indication that you shouldnt really enter or this is the time you would be needing to sell incase you had bought on the bottom.