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Author Topic: Trading not a get rich quick  (Read 1338 times)
noormcs5
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May 27, 2023, 11:57:04 AM
 #181

Of course trading and investment both not like for rich quickly even you will gonna poor if you have less experience. Every processing is to much hard of crypto market. On time if you taken unless decision then you will face financial problem. I will prepare take to more skills about crypto market then you can expect gainer.

Those who don't have full knowledge about Bitcoin investment, trading, or even investment in general may not really follow up on some situations educationally because they lack the knowledge. Just like the trading or Bitcoin investment we're discussing, do you know that some people think that everything that concerns crypto is gambling? And in gambling, you are just there to try your luck if you can win any; that's how many people are trying to put money into crypto to try their luck if any altcoin can give them 100X or 1000X of their invested capital, and like you said, even one can end in a financial crisis if they really don't know what they are doing. Imagine someone investing a huge amount of money into shitcoins and the coin dump and never pumping again.

Trading is not a get-rich-quick scheme the way many people thought it was; let everyone learn and have full knowledge about what they are venturing into.

How strange is that people think that trading cryptocurrency is the easiest form to make money. This is totally a misconception and many trader realise it once they start trading and are unable to make sufficient profits. Most of the traders start trading without any knowledge and when they are in loss they complain and think that cryptocurrency and trading is a fraud.

One must realize that we can make money with trading but after proper knowledge and experience and also we should remove this opinion that trading is a quick rich scheme.

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Dr.Bitcoin_Strange
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May 27, 2023, 03:29:02 PM
 #182

How strange is that people think that trading cryptocurrency is the easiest form to make money. This is totally a misconception and many trader realise it once they start trading and are unable to make sufficient profits. Most of the traders start trading without any knowledge and when they are in loss they complain and think that cryptocurrency and trading is a fraud.

One must realize that we can make money with trading but after proper knowledge and experience and also we should remove this opinion that trading is a quick rich scheme.

Strange it is, but yeah, more than the average newbie thinks that way. And the FOMO in some newbies is usually so high that they hastily rush into it and throw away some money before they realize that it's not what they thought it was. I once had FOMO about trading, but at least I took my time to learn a few trading strategies and tool combinations before I started, and after I started, I just realized that trading is not that easy. One will encounter losses, and if you're not even very careful, you might not be making any reasonable profit. Imagine when someone is making just $5 every day, and maybe after some time, you are not satisfied with those little profits you make, and by the time you want to step up a bit to increase your profit, so your risk level toi, your capital just gets liquidated.

Anyone who is not experienced or a newbie trader should just know that there is nothing to miss out on in trading. Just take your time and learn properly how trading works, how to handle risk, and how to control your emotions. Otherwise, there will not be any profit, and even if there is, it may be just by luck, not because the person was confident that that was the result they were already expecting.

Cheers 🥂, Dr.Bitcoin_Strange 👺👺

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xSkylarx
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May 27, 2023, 03:47:28 PM
 #183

Of course trading and investment both not like for rich quickly even you will gonna poor if you have less experience. Every processing is to much hard of crypto market. On time if you taken unless decision then you will face financial problem. I will prepare take to more skills about crypto market then you can expect gainer.

Those who don't have full knowledge about Bitcoin investment, trading, or even investment in general may not really follow up on some situations educationally because they lack the knowledge. Just like the trading or Bitcoin investment we're discussing, do you know that some people think that everything that concerns crypto is gambling? And in gambling, you are just there to try your luck if you can win any; that's how many people are trying to put money into crypto to try their luck if any altcoin can give them 100X or 1000X of their invested capital, and like you said, even one can end in a financial crisis if they really don't know what they are doing. Imagine someone investing a huge amount of money into shitcoins and the coin dump and never pumping again.

Trading is not a get-rich-quick scheme the way many people thought it was; let everyone learn and have full knowledge about what they are venturing into.

How strange is that people think that trading cryptocurrency is the easiest form to make money. This is totally a misconception and many trader realise it once they start trading and are unable to make sufficient profits. Most of the traders start trading without any knowledge and when they are in loss they complain and think that cryptocurrency and trading is a fraud.

One must realize that we can make money with trading but after proper knowledge and experience and also we should remove this opinion that trading is a quick rich scheme.

This is really funny to think that when people say trading those no experience and no knowledge people will say it is easy as you just need to buy low sell high on which i really recall my workmate before that she wants me to do the trading and she just want to give me money and with the profit we will be half , they way she tell me that it is easy just buy low and sell high then its profit , which makes me laugh really as she thoughts it is that simple , well for sure on where she is right she really realize that it is not the case.
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May 27, 2023, 04:13:21 PM
 #184

How strange is that people think that trading cryptocurrency is the easiest form to make money. This is totally a misconception and many trader realise it once they start trading and are unable to make sufficient profits. Most of the traders start trading without any knowledge and when they are in loss they complain and think that cryptocurrency and trading is a fraud.

One must realize that we can make money with trading but after proper knowledge and experience and also we should remove this opinion that trading is a quick rich scheme.

because nowadays many people are interested in what they can do and make them quick to get rich in an instant. the role of social media here is also quite a lot when professional traders share the catch of some of the profits he gets. and it makes the view of some novice traders follow.
The view of novice traders seems to be very reasonable, even though it's not true but people around us will still think crypto trading is something easy to do. they will try it and then regret the loss.
Dr.Bitcoin_Strange
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May 27, 2023, 04:59:28 PM
 #185

you just need to buy low sell high on which i really recall my workmate before that she wants me to do the trading and she just want to give me money and with the profit we will be half , they way she tell me that it is easy just buy low and sell high then its profit , which makes me laugh really as she thoughts it is that simple , well for sure on where she is right she really realize that it is not the case.

Yes, buy low and sell high is one of them, just like in sports trading. Futures trading is one of them too, but non of it is very easy. Some people think that buying low and selling high is just the start of making money in trading. That was why I said some people have FOMO, which becomes high in them probably after they see a token or coin that is trading for $1 today. Maybe after they see it in two weeks, they will see that the token price has increased to $3. Then they will be like, "If I had bought these tokens at $1 each and sold them now that they are $3 each in just two weeks, I would have made some profit." It triggers FOMO in them, and before you know it, they will rush and buy a token that has just been pumped, which can take like forever before it can get pumped again. Even before someone can think of buying low and selling high, they should also know they have to learn some strategic skills to do so.

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May 29, 2023, 04:39:27 AM
 #186

There are options when trading can bring profit quickly. But the question is different - can such a result be further. I don't think it's very likely at all.

All these ideas come from the need of many people to make money quickly, but of course the need on some occasions they do not know how to Channel it but they turn it into the same ambition that leaves them without money, so this type of thing must be done with great moderation, because trading is not for that , trading should be seen as a business where profits are made every day or Every week and it does not matter if they are few, they must be obtained, it is the best thing that can be done on the contrary when we only seek Profits The most likely Thing is to achieve the Opposite, which is to Lose and Lose.


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May 29, 2023, 07:06:13 AM
 #187

How strange is that people think that trading cryptocurrency is the easiest form to make money. This is totally a misconception and many trader realise it once they start trading and are unable to make sufficient profits. Most of the traders start trading without any knowledge and when they are in loss they complain and think that cryptocurrency and trading is a fraud.

One must realize that we can make money with trading but after proper knowledge and experience and also we should remove this opinion that trading is a quick rich scheme.

because nowadays many people are interested in what they can do and make them quick to get rich in an instant. the role of social media here is also quite a lot when professional traders share the catch of some of the profits he gets. and it makes the view of some novice traders follow.
The view of novice traders seems to be very reasonable, even though it's not true but people around us will still think crypto trading is something easy to do. they will try it and then regret the loss.
The reality is that ordinary people or novice traders only see results without seeing the process which is far more important,
this is where I think the role of professional traders they have to be wise when sharing the results maybe it can be accompanied by the process,
what is clear is that novice traders must focus on learning both knowledge and skills.

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May 29, 2023, 07:44:47 AM
 #188

Of course trading and investment both not like for rich quickly even you will gonna poor if you have less experience. Every processing is to much hard of crypto market. On time if you taken unless decision then you will face financial problem. I will prepare take to more skills about crypto market then you can expect gainer.

Those who don't have full knowledge about Bitcoin investment, trading, or even investment in general may not really follow up on some situations educationally because they lack the knowledge. Just like the trading or Bitcoin investment we're discussing, do you know that some people think that everything that concerns crypto is gambling? And in gambling, you are just there to try your luck if you can win any; that's how many people are trying to put money into crypto to try their luck if any altcoin can give them 100X or 1000X of their invested capital, and like you said, even one can end in a financial crisis if they really don't know what they are doing. Imagine someone investing a huge amount of money into shitcoins and the coin dump and never pumping again.

Trading is not a get-rich-quick scheme the way many people thought it was; let everyone learn and have full knowledge about what they are venturing into.

We need to understand that taking high leverage like 50x or 100 x is not trading but it is more of a gamble. The serious traders will never take such risks as they know that the market makers will never let them make such big profits.

Trading is only profitable when you know your limitations, your expectations and your willingness to earn slowly and steadily.

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May 29, 2023, 09:48:13 AM
 #189

All these ideas come from the need of many people to make money quickly, but of course the need on some occasions they do not know how to Channel it but they turn it into the same ambition that leaves them without money, so this type of thing must be done with great moderation, because trading is not for that , trading should be seen as a business where profits are made every day or Every week and it does not matter if they are few, they must be obtained, it is the best thing that can be done on the contrary when we only seek Profits The most likely Thing is to achieve the Opposite, which is to Lose and Lose.


I believe that trading cannot be considered as a business, it is essentially a job that will require a lot of time from a person and, In addition, this is a very emotional job that requires good stress stability, so it is not suitable for everyone. And when a novice trader starts buying dubious tokens in order to quickly get rich, we know how it can end up for him. Therefore, I am not a supporter of quick ways to get rich, since this often requires working with high-risk instruments.
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May 29, 2023, 11:15:09 AM
 #190

trading cannot make you rich. you need big capital to get worth profit from trading.
only investment can make you rich from poor
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May 29, 2023, 05:00:57 PM
 #191

trading cannot make you rich. you need big capital to get worth profit from trading.
only investment can make you rich from poor

actually, trading and investing can both give you the opportunity to become rich. what many people misunderstand is that they trade or invest without a clear strategy. they trade or invest without investment management which often makes them lose money. it's not even rare for someone to let their emotions take over which is very stupid.

trading and investing requires a strategy, there are many strategies that can be used and you can do some research to customize the one that suits you. but the most important thing is to control your emotions first, because many people fail here.



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May 29, 2023, 08:53:51 PM
 #192

trading cannot make you rich. you need big capital to get worth profit from trading.
only investment can make you rich from poor

actually, trading and investing can both give you the opportunity to become rich. what many people misunderstand is that they trade or invest without a clear strategy. they trade or invest without investment management which often makes them lose money. it's not even rare for someone to let their emotions take over which is very stupid.

trading and investing requires a strategy, there are many strategies that can be used and you can do some research to customize the one that suits you. but the most important thing is to control your emotions first, because many people fail here.
The key on here is that you shouldnt really be rushing on things because if you do then you would really be finding yourself into a big trouble on which it would really be just that the reason for you to lose money
instead of earning. People wouldnt really be that patient on waiting up for too long or trying out to learning everything on one day until the reality would slap up into their faces and would really be having those realizations which it would really be that a very common scenario specially into those people who do really believe that trading is really just that simple. Trading is indeed not a get rich quick thing
and it does really needing up that long time and lots of efforts before you could be able to take a good grasps and sustainable with it specially we are dealing on a market which is really that totally
unpredictable and volatile then handling up yourself wouldnt really be that so simple on where these noobs do usually initially believe on.

R


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May 29, 2023, 10:18:43 PM
 #193

This is a common misconception in crypto or in general.
Most of the time when people found out that I am an crypto investor or trader they would say that, wow you must be rich or successful.
And for me it seems like whenever someone claims that they are a crypto trader or investor people would think that their rich, but we all know that it isn't always like that.
If being an investor or trader would instantly turn your life around then there wouldn't be poor in this world people should know it.
Just because your an investor or trader doesn't make you rich like when you have a business not every business would be successful.



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May 30, 2023, 07:26:38 PM
 #194

We need to understand that taking high leverage like 50x or 100 x is not trading but it is more of a gamble. The serious traders will never take such risks as they know that the market makers will never let them make such big profits.

Trading is only profitable when you know your limitations, your expectations and your willingness to earn slowly and steadily.

It's not really gambling; some people might make profit at such a high leaverage, but it's really so risky because, with any slight volatility, your asset will just get liquidated in an instant, but when the price goes as you predicted, you will still make profit at such a low level. I know some experienced traders do use high leverage, and they do make heavy profits and heavy losses as well. Just like the big push up in the Bitcoin price, traders who pushed the sell button with such a high leaverage would really make big gains in that market. As fast as the profit counts when the market suddenly becomes volatile, that's also how fast the loss falls. You are right that profits come when people know their limits, but traders who take big risks don't mind leaverage because they seems prepared for the loss and the profit, anyone that comes. 

I really don't understand what you mean by market makers, but when referring to Bitcoin, the market is so dynamic that it's not controlled by anyone. If you also mean the exchange where future trading is allowed, since they are not in control of the volatility, they cannot determine one's loss or profit; it's usually based on the price movement. Like they can't stop you from making profit when the market is in your favor and you used a high average.

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May 30, 2023, 09:13:48 PM
 #195

What's going on in that ex-CFO head when they invested on "so-called meme stocks"? I doubt they didn't even know the risk of that and just went with the chance of big profit if it caught but in the end it's not and pretty deserved to be honest. If you wanted to be rich then your choice was meme coins then you should consider that, even that there was a real proof that you could do that but still so many people were bankrupt because of this type of asset and many people continuously falling into this hole because they just solely looking for the money instead of the risk they should face.

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Oilacris
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May 30, 2023, 10:40:37 PM
 #196

This is a common misconception in crypto or in general.
Most of the time when people found out that I am an crypto investor or trader they would say that, wow you must be rich or successful.
And for me it seems like whenever someone claims that they are a crypto trader or investor people would think that their rich, but we all know that it isn't always like that.
If being an investor or trader would instantly turn your life around then there wouldn't be poor in this world people should know it.
Just because your an investor or trader doesn't make you rich like when you have a business not every business would be successful.
Usually newbies on which they do really see that it is something that so simple that they could really be able to deal with specially when they do see online on someone on making out some profits and
seeing those charts on which they would really be having that kind of impression that it would  really be just that simple to deal with without even trying out to realize that they should do their assignment first before proceeding. Trading isnt something an activity or whatever it is will really be that so simple to make profits or money with it.

If you are really that hardheaded and would be sticking into those principles then it would be your choice but for sure you would really be experiencing that huge losses until you do realize on whats the fact.
People do usually having this kind of impression that it might be that so simple but on the time that things turns out to be on that actual dealing then along the way you would really be able to experience
the bitterness about losing money and regrets would come in place but somewhat you do eventually learn on what it is all about.

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May 31, 2023, 06:43:25 AM
 #197

All these ideas come from the need of many people to make money quickly, but of course the need on some occasions they do not know how to Channel it but they turn it into the same ambition that leaves them without money, so this type of thing must be done with great moderation, because trading is not for that , trading should be seen as a business where profits are made every day or Every week and it does not matter if they are few, they must be obtained, it is the best thing that can be done on the contrary when we only seek Profits The most likely Thing is to achieve the Opposite, which is to Lose and Lose.


I believe that trading cannot be considered as a business, it is essentially a job that will require a lot of time from a person and, In addition, this is a very emotional job that requires good stress stability, so it is not suitable for everyone. And when a novice trader starts buying dubious tokens in order to quickly get rich, we know how it can end up for him. Therefore, I am not a supporter of quick ways to get rich, since this often requires working with high-risk instruments.
a quick way to get rich is just patience and effort,
it doesn't matter if you trade have thoughts of becoming rich because in my opinion that is good optimism,
if the thinking is good then I'm sure learning to trade the right way will work, yes no problem, just we just have to know the reality.

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May 31, 2023, 08:29:43 AM
 #198

Trading is a professional business. Unlike most people, those who trade to make quick money or get rich quickly, often lose all or most of their money. As someone who has been trading for years, I can say that it requires a great deal of discipline and personal control.
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May 31, 2023, 11:00:26 AM
 #199

Trading is a professional business. Unlike most people, those who trade to make quick money or get rich quickly, often lose all or most of their money. As someone who has been trading for years, I can say that it requires a great deal of discipline and personal control.

Treating trading as a business is a game changer. Every loss is just a losing transaction. That's it. No emotions attached. You still get back in front of charts tomorrow and see if there's a trade for you. That's how you can easily find consistency in that perspective. And it's a long journey. YOu will learn more a lot from the market and more importantly about yourself.
That is when you see professional traders are great to control themselves. Because with trading, it helped them to reveal their own character flaws and overcome it. Discipline is the key, everyone knows that, but not everyone knows how. And that is the key on trading.

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May 31, 2023, 10:49:28 PM
 #200

We need to understand that taking high leverage like 50x or 100 x is not trading but it is more of a gamble. The serious traders will never take such risks as they know that the market makers will never let them make such big profits.

Trading is only profitable when you know your limitations, your expectations and your willingness to earn slowly and steadily.

It's not really gambling; some people might make profit at such a high leaverage, but it's really so risky because, with any slight volatility, your asset will just get liquidated in an instant, but when the price goes as you predicted, you will still make profit at such a low level. I know some experienced traders do use high leverage, and they do make heavy profits and heavy losses as well. Just like the big push up in the Bitcoin price, traders who pushed the sell button with such a high leaverage would really make big gains in that market. As fast as the profit counts when the market suddenly becomes volatile, that's also how fast the loss falls. You are right that profits come when people know their limits, but traders who take big risks don't mind leaverage because they seems prepared for the loss and the profit, anyone that comes. 

I really don't understand what you mean by market makers, but when referring to Bitcoin, the market is so dynamic that it's not controlled by anyone. If you also mean the exchange where future trading is allowed, since they are not in control of the volatility, they cannot determine one's loss or profit; it's usually based on the price movement. Like they can't stop you from making profit when the market is in your favor and you used a high average.
Market makers does pertain about those buyers and sellers in between in the market which do make out those purchases and selling out a certain coin.When it comes on choosing in between spot and futures trading then it would really be that understandable that risks is higher with higher leverage trades compared into those who do make out spot. It is really that according into someones choice which one they would really be engaging into because there are ones who could really be able to bare up with the risks and there are ones who couldnt really be able to do so because it is way too risky.Trading is indeed not a get rich quick thing
and newbies are the ones who do only mind off about getting rich with trading in short time basis which we know that it cant really be that possible.

Yes, there are ones who do make themselves as sustainable traders or making profits but this isnt something a state which everyone could be able to reach out. It does takes lots of years and tons
of trials and errors which you would really be able to experience before you do reach on.

R


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