Trading not a get rich quick

[blockman]

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.

They will certainly lose because of the mindset that they have that they want it the quickest.

As someone who has been trading for years, I can say that it requires a great deal of discipline and personal control.

And patience, do not forget about that. When you've been into trading and you get to realize how hard it is, you'll be needing very tough decision-making because you'll need to get off some profits every time you do.
There's no space for being greedy here unless you want to stay longer and you're okay that the market will recover the profit you've made.

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[Ricardo11]

You cannot get rich quick by trading. If you trade, the profit of trading will increase gradually. If you want to profit from trading, you need to trade long term. And if you expect very quick profit, then you should choose alternative way of trading. For example, betting or gambling, which is high risk. Trading does not give anyone quick profits, it grows slowly. You need to know and understand better about trading. What are the benefits of trading, how risky is trading, these must be understood. And to know about trading market.

[Gulttam2a2]

Before purchasing anything, we also need to decide whether you are investing or trading. We get confused about two things very easily.  But there is a difference between the two. Trust in the assets involved in the investment. Decided to keep them for a long time.  The risk is much lower with this strategy. On the other hand, the goal of trading is to make small profits through regular buying and selling. It takes a lot of time to become a good trader. Traders always have to adopt complex strategies. A trader has to take more risk and spend more time analyzing the market,trading platform. Cryptocurrency markets can be more volatile than conventional markets at times.

[Dr.Bitcoin_Strange]

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.

You are right. Personally, I see sport trading as being less risky compared to future trading because in future trading, with a very high leaverage, if the market becomes so volatile, your asset gets liquidated. If you also apply a little leaverage, when the market still gets volatile, your asset will gradually liquidate. If the person doesn't have enough assets and the market keeps getting volatile in your opposite market position, your assets will continue to liquidate, and unless you cancel out, you may end up losing all your assets. In sports trading, if one buys a token or coin and the price drops, there is likely a possibility that the coin price can go up again and you will still have your coin to sell, not like in futures trading, where your assets melt away. Although new traders have the choice to choose the aspect of trading they want, I feel there is more FOMO among newbies about futures trading than sports. Just my guess, though.

[Oneandpure]

Personally, trading is not promising us for getting rick quick and many time trader or investor loss their money after doing fatal mistake like investing when the moment on all time high price. But have progress with many people show us with their success achievement after investing or trading in cryptocurrency but why not ask about how much loss and how many days they have active in trading? Trading is not easy like our imagination with earn profit 20% until 40% every day, many investor loss their investment in cryptocurrency trading from investing in shit coin until unpredictable mistake with potential project collapse like Luna coin network.

Better removed mindset about trading is one way how to get rich quick, running as usually and step by step learn how to be success in cryptocurrency trading for consistent earn profit although not huge profitable.

[ItsCrafty]

Personally, trading is not promising us for getting rick quick and many time trader or investor loss their money after doing fatal mistake like investing when the moment on all time high price. But have progress with many people show us with their success achievement after investing or trading in cryptocurrency but why not ask about how much loss and how many days they have active in trading? Trading is not easy like our imagination with earn profit 20% until 40% every day, many investor loss their investment in cryptocurrency trading from investing in shit coin until unpredictable mistake with potential project collapse like Luna coin network.

Better removed mindset about trading is one way how to get rich quick, running as usually and step by step learn how to be success in cryptocurrency trading for consistent earn profit although not huge profitable.

I do agree that trading is not a get-rich-quick scheme. But, it requires time, effort, knowledge, and experience to become a consistently successful trader. Although it is possible to make profits quickly in trading, but it requires the positive approach with realistic expectations and understand the risks involved.
Trading requires a solid understanding of market dynamics. Managing risk and having a disciplined approach is crucial to navigate market volatility. Trading is about assessing probabilities, not predicting outcomes with certainty. Realistic expectations and continuous learning build your confidence level and capability to take risk and make you a good trader/investor. One thing more important is that on initial level, you take by-part trading i.e small trading instead of all at once. 

[JayTrain]

Trading and investing in cryptocurrencies and meme stocks should be approached with caution and realistic expectations. It is not a guaranteed path to quick wealth. Bitcoin and other cryptocurrencies can be volatile, and investing borrowed money is risky. It's important to only invest what you can afford to lose and to understand the potential consequences of trading activities. This story serves as a reminder to exercise responsible financial decision-making and to be aware of the potential legal implications of improper trading practices.

[Hamphser]

Personally, trading is not promising us for getting rick quick and many time trader or investor loss their money after doing fatal mistake like investing when the moment on all time high price. But have progress with many people show us with their success achievement after investing or trading in cryptocurrency but why not ask about how much loss and how many days they have active in trading? Trading is not easy like our imagination with earn profit 20% until 40% every day, many investor loss their investment in cryptocurrency trading from investing in shit coin until unpredictable mistake with potential project collapse like Luna coin network.

Better removed mindset about trading is one way how to get rich quick, running as usually and step by step learn how to be success in cryptocurrency trading for consistent earn profit although not huge profitable.

I do agree that trading is not a get-rich-quick scheme. But, it requires time, effort, knowledge, and experience to become a consistently successful trader. Although it is possible to make profits quickly in trading, but it requires the positive approach with realistic expectations and understand the risks involved.
Trading requires a solid understanding of market dynamics. Managing risk and having a disciplined approach is crucial to navigate market volatility. Trading is about assessing probabilities, not predicting outcomes with certainty. Realistic expectations and continuous learning build your confidence level and capability to take risk and make you a good trader/investor. One thing more important is that on initial level, you take by-part trading i.e small trading instead of all at once. 

Everything would really take up on process on which there's no way that you could really make out some shortcut on learning from it because it would really takes time and lots of effort for you to have a good hold into it on which noobs would be normally be skipping out this process and would really be thinking that this is something easy to deal on with. On the time that they would be experiencing
those real time losses then for sure they would really be making those realizations that it isnt really simple as it looks.Taking up risks on the time that you would really be deciding on touching up trading ,
doesnt matter if you are going for Forex/Stocks/Crypto market it would really be just the same.

Its true that on the time that you would really be having that a good grasps with trading then you could really tell to yourself that you could really indeed make money but of course it wont really be that
guarantee but once you do able to sustain then you could call yourself a profitable trader despite of those losses but still ends up on having gains which this what matter the most.

[Dollar_Hunter]

Don't think about getting rich quick when trading, because that can affect the results you will get,
because if you want to get rich quickly, of course the profit you have to get must also be a lot and the method is by using Leverage x100,
if you are reckless then you must be prepared to bury your dreams you to be rich.

[shivansps]

This is another sadden story again about someone that just supposed not to trade crypto and meme stocks. Trading and investment is not a get rich quick. Meme stocks trading is like gambling. Coins like bitcoin may be promising, but what if you invested at $50000, bitcoin price now at $30000. Bitcoin will get to all-time-high but not good to use the money that is not yours.

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.

The former chief financial officer of a special purpose acquisition company (SPAC) was sentenced to three years in prison after embezzling $5 million, which he used to trade cryptocurrencies and “meme stocks.“

Read further about it: Ex-CFO who stole $5M to trade crypto and ‘meme stocks’ gets 3 years in prison

Actually this is the first golden rule of trading: You should't use money which you can't to lose

I remember last year I connected to step-in project and there was a man who invested in the project all the money intended for the agricultural business just before the project began to fall down quickly.
Another man took a loan from the bank, too, before the fall of the project. I hope these stories have taught them something and they are not in prison now. I'm sure that there were many more similar stories but these two I remembered the most
By the word FTX founder recently had the same situation when he used other people's money and it ended badly

[shivansps]

The bad message of this story to everyone who will read it is that crime actually pays off - because just three years in prison (is it real prison or probation?) sends a message to everyone else with similar intentions. In the worst case, the "criminal" will be released when he has served 2/3 of his sentence, and maybe even before.

Shall we bet that he will repeat the same thing as soon as he gets another chance?

I absolutely agree with you  but if he had't been imprisoned or punished otherwise, it would have been an even worse message for other people.
On the other hand, it is difficult to consider what the term of imprisonment in prison should be, because we do not know all the nuances.
Perhaps one of the most difficult tasks for a court to punish financial crimes
I don't know what the punishment should be, what do you think?

[taufik123]

Don't think about getting rich quick when trading, because that can affect the results you will get,
because if you want to get rich quickly, of course the profit you have to get must also be a lot and the method is by using Leverage x100,
if you are reckless then you must be prepared to bury your dreams you to be rich.

Using x100 leverage is an instant way and it may seem like gambling. If you are lucky and in accordance with the prediction, there will be a lot of profit (depending on the capital too), if the price prediction does not match then get ready to be liquidated.

-snip-
By the word FTX founder recently had the same situation when he used other people's money and it ended badly

It was a stupid act committed by the former CEO of FTX. using other people's money without permission is a criminal act and this is fatal for everyone.
He will probably rot in prison and has no assets anymore. Getting rich quickly in crypto can be very easy and very difficult, depending on how smart you are in managing crypto and how much luck you have.

[jossiel]

Don't think about getting rich quick when trading, because that can affect the results you will get,
because if you want to get rich quickly, of course the profit you have to get must also be a lot and the method is by using Leverage x100,

Being quick in getting rich is gonna have yourself fall into losses. That's guaranteed because you're not in the right process for which we know that trading like that is quite hard.

if you are reckless then you must be prepared to bury your dreams you to be rich.

Or if you want to have it the slow way and that's a better thing because you'll hit targets slowly but surely. And even it's gonna be hard and slow, at least you're not in a hurry.

We know that everything that goes in a hurry is not ending well if it's about making money.

[Mahanton]

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.

You are right. Personally, I see sport trading as being less risky compared to future trading because in future trading, with a very high leaverage, if the market becomes so volatile, your asset gets liquidated. If you also apply a little leaverage, when the market still gets volatile, your asset will gradually liquidate. If the person doesn't have enough assets and the market keeps getting volatile in your opposite market position, your assets will continue to liquidate, and unless you cancel out, you may end up losing all your assets. In sports trading, if one buys a token or coin and the price drops, there is likely a possibility that the coin price can go up again and you will still have your coin to sell, not like in futures trading, where your assets melt away. Although new traders have the choice to choose the aspect of trading they want, I feel there is more FOMO among newbies about futures trading than sports. Just my guess, though.

I do even see that futures or high leverage trading is really that a gamble and this is where newbies do really love on which they do love on seeing quick profits but at the same time they didnt realize that losing their capital or blowing up their account is really that so simple with futures trading and this is why its never been that right to have this kind of approach towards it on which it is really very a risky thing to be done.
Trading isnt something that you would be able to succeed if you dont able to pass lots of trials and errors or simply its not something that you could easily deal with and it does take lots of time and effort
for you to have a good hold into it.This isnt just some fly by night thing on where you do have that kind of approach on believing that this is really some sort of quick rich thing.
You would soon realize these things on the time that you would really be having that kind of situation that would be facing on.

[shivansps]

-snip-
By the word FTX founder recently had the same situation when he used other people's money and it ended badly

It was a stupid act committed by the former CEO of FTX. using other people's money without permission is a criminal act and this is fatal for everyone.
He will probably rot in prison and has no assets anymore. Getting rich quickly in crypto can be very easy and very difficult, depending on how smart you are in managing crypto and how much luck you have.

I don't think he'll rot in jail, but he'll have to spend some  period there.
The worst thing is that he cast a shadow over the whole crypto world with this act. A lot of people don't really trusted it before and especially after that.

I agree with you that you must be smart, have experience in trading, constantly improve your skills, be patient and self-disciplined, but this absolutely does not guarantee that you will be successful in trading. It's increasing your chances, but not give a guarantee. You used the word "luck". I'm talking about it

[rozak]

I agree with you that you must be smart, have experience in trading, constantly improve your skills, be patient and self-disciplined, but this absolutely does not guarantee that you will be successful in trading. It's increasing your chances, but not give a guarantee. You used the word "luck". I'm talking about it

at least becoming smart and experienced in trading will take time. no one instantly becomes a professional trader. meaning that those who become professional traders are not without the risk of loss. but they can minimize the risk of loss with the experience and skills they have. so the opportunity to profit will be greater.
I wouldn't say trading is a part of luck. those words are only used to be modest because they don't want to be called professional.

[wajik-tempe]

I agree with you that you must be smart, have experience in trading, constantly improve your skills, be patient and self-disciplined, but this absolutely does not guarantee that you will be successful in trading. It's increasing your chances, but not give a guarantee. You used the word "luck". I'm talking about it

at least becoming smart and experienced in trading will take time. no one instantly becomes a professional trader. meaning that those who become professional traders are not without the risk of loss. but they can minimize the risk of loss with the experience and skills they have. so the opportunity to profit will be greater.
I wouldn't say trading is a part of luck. those words are only used to be modest because they don't want to be called professional.

you're right, professional traders strive to showcase the effort they have put into their art by highlighting the value of competence and experience. It is not a sign of modesty; rather, it reflects the devotion and hard effort necessary to attain constant success in the trading industry. They recognize that chance alone cannot ensure long-term success and that continual development and learning are critical to being competitive in a constantly changing market context.

[GigaBit]

I agree with you that you must be smart, have experience in trading, constantly improve your skills, be patient and self-disciplined, but this absolutely does not guarantee that you will be successful in trading. It's increasing your chances, but not give a guarantee. You used the word "luck". I'm talking about it

Patience is very important for success everywhere. A person cannot reach his destination until he can persevere. Success in trading requires both patience and experience. But there is a trend among the newbies that trading can lead to good things quickly. But this idea is completely wrong. It is not possible to make good money from trading without knowledge and experience. Even though many have good knowledge and experience but they fail in trading business. Sometimes despite everything, a trader may be exposed to losses that many would consider about luck. So one should not get involved in trading with the aim of quick rich.

[Hamphser]

I agree with you that you must be smart, have experience in trading, constantly improve your skills, be patient and self-disciplined, but this absolutely does not guarantee that you will be successful in trading. It's increasing your chances, but not give a guarantee. You used the word "luck". I'm talking about it

at least becoming smart and experienced in trading will take time. no one instantly becomes a professional trader. meaning that those who become professional traders are not without the risk of loss. but they can minimize the risk of loss with the experience and skills they have. so the opportunity to profit will be greater.
I wouldn't say trading is a part of luck. those words are only used to be modest because they don't want to be called professional.

you're right, professional traders strive to showcase the effort they have put into their art by highlighting the value of competence and experience. It is not a sign of modesty; rather, it reflects the devotion and hard effort necessary to attain constant success in the trading industry. They recognize that chance alone cannot ensure long-term success and that continual development and learning are critical to being competitive in a constantly changing market context.

Which do means that it would really be needing that ample time and effort for you to reach out a certain state on which you can really call yourself as a trader.This isnt really that get rich quick thing on which you

would really be might seeing lots of results been posted on social media but the truth of those post about those gains arent something that simple to be done when you are actually on the actual market situation.
If you are a noob then you would really be having that kind of impression on which money making with trading would be simple but on the time that you would really be making trades on yourself
then you would definitely tell that it wont really be that so simple and something that hard to understand.

Trading is something that talks about selling and buying on which it would really be just that normal that being unpredictable and volatility would be the main thing that you would be needing
to face on.

[Bushdark]

I agree with you that you must be smart, have experience in trading, constantly improve your skills, be patient and self-disciplined, but this absolutely does not guarantee that you will be successful in trading. It's increasing your chances, but not give a guarantee. You used the word "luck". I'm talking about it

at least becoming smart and experienced in trading will take time. no one instantly becomes a professional trader. meaning that those who become professional traders are not without the risk of loss. but they can minimize the risk of loss with the experience and skills they have. so the opportunity to profit will be greater.
I wouldn't say trading is a part of luck. those words are only used to be modest because they don't want to be called professional.

I believe some newbies still see that cryptocurrency market as a place where they can make quick money from and make themselves earn more. Trading is one of the important aspect of crypto where we can make fast money if we know how to trade to earn more from the market.

Apart from trading, there is no other way we can make money in the crypto market that can give us a fast profits. Investing in different coins is very risky and we need to know that but making the right choice can give us fast profits if we know how to recognize good projects that have the possibility of hitting 10× to 100× to give us a quite an huge profits.