We're all the same!

[uchegod-21]

Right. There are people who ask how much I will earn per day or per month when I become an experienced trader and I have a lot of experience. Trading is not a stable income or a fixed profit. The truth is that you will have to lose a lot of money, learn through this experience, become a better trader in order to earn more later. There is no gain without loss.
I agree, over time you already understand who is worth listening to and who is not. Who can give good advice and who is terrible

The thing is that some people don't just learn the basics, and they might have heard from their friends that they can earn a lot of money from trading, so they just dive into it without learning first. Trading profits are not a stable source of income, as they usually vary and also depend on the amount that the person has invested. Some experienced traders are making big profits too, but they put in a huge amount and risk their investment, so if it turns out to be a loss trade, the amount is usually huge too.

We believe that new traders always run our losses  while old and experienced traders are always on profit, but in the real sense things are not actually like that. There are some old and experienced traders who have not found a way to win continuously.

I know too well that in the forex trading many people lose a lot of money, even the people that are experienced and are experts in teaching, when it comes to practice, they will lose money, but I don't know about cryptocurrency trading. I believe it is similar. It is not everyone that wins and wins continuously. Just that in order to maintain their prestigious level, they would not want to show their losses rather keep displaying their profits.

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[molsewid]

Right. There are people who ask how much I will earn per day or per month when I become an experienced trader and I have a lot of experience. Trading is not a stable income or a fixed profit. The truth is that you will have to lose a lot of money, learn through this experience, become a better trader in order to earn more later. There is no gain without loss.
I agree, over time you already understand who is worth listening to and who is not. Who can give good advice and who is terrible

The thing is that some people don't just learn the basics, and they might have heard from their friends that they can earn a lot of money from trading, so they just dive into it without learning first. Trading profits are not a stable source of income, as they usually vary and also depend on the amount that the person has invested. Some experienced traders are making big profits too, but they put in a huge amount and risk their investment, so if it turns out to be a loss trade, the amount is usually huge too.

Yes for some people they always skip the basics, they need to learn it first before trading. That is the common reason why most people quit trading these days, they thought that it is to earn in crypto some say they will follow some signals in telegram or Twitter but the end they are still losing because they even don't know how to put stop loss or some DCA or maybe they are buying shitcoin because they saw it to other.

[Sanitough]

Because as a human being, we share the same goal and that we also fall doing the same thing just to make it happen. While we can’t be as highly profitable as it is, but the importance here is not actually to keep in profits but  to lessen or limit our losses as long as we can. So at times we become highly profitable, while at some point we are also susceptible to losses, and that’s how life as it is.

[Quidat]

Right. There are people who ask how much I will earn per day or per month when I become an experienced trader and I have a lot of experience. Trading is not a stable income or a fixed profit. The truth is that you will have to lose a lot of money, learn through this experience, become a better trader in order to earn more later. There is no gain without loss.
I agree, over time you already understand who is worth listening to and who is not. Who can give good advice and who is terrible

The thing is that some people don't just learn the basics, and they might have heard from their friends that they can earn a lot of money from trading, so they just dive into it without learning first. Trading profits are not a stable source of income, as they usually vary and also depend on the amount that the person has invested. Some experienced traders are making big profits too, but they put in a huge amount and risk their investment, so if it turns out to be a loss trade, the amount is usually huge too.

Yes for some people they always skip the basics, they need to learn it first before trading. That is the common reason why most people quit trading these days, they thought that it is to earn in crypto some say they will follow some signals in telegram or Twitter but the end they are still losing because they even don't know how to put stop loss or some DCA or maybe they are buying shitcoin because they saw it to other.

Regrets do always come at the end on which it is really just that normal that we would really be experiencing losses since there's no such thing about being perfect investor or perfect trader on which
losses are inevitable.Just like the rest been saying that we are all just the same on which when it comes to goals and targets then we do share up with the same idea. It is really just that there are people who are really that going into those shortcuts without even trying out to realize the real deal which we know that it cant really be that so simple or easy on handling out this market.
Outcomes or results would really vary on each decision you would make whether it would be positive or negative and since this market is really just that totally unpredictable, not only limited on
crypto space but also into other markets on dealing up with investment then it isnt assuring that you would be making out profits and this is what the main challenges that you would meet along the way.

[Dr.Bitcoin_Strange]

they are still losing because they even don't know how to put stop loss or some DCA or maybe they are buying shitcoin because they saw it to other.

If DCA (dollar cost averaging) is a trading strategy, I am not aware of it. DCA is a strategy that is mostly used by some investors while accumulating Bitcoin in their portfolio. For "stop loss and take profit," some trading platforms already have it as a feature in their platform, while for some of those platforms that don't have it, it's left for the trader to come up with their own strategy on how to handle their stop loss and take profit because it's simple. If you are an experienced trader, then you will have a certain profit you want to archive, but sometimes the market trend never gets to your predicted level before it begins to go against your prediction; in that case, you can just opt out (stop loss) and take the little profit you got.

[uchegod-21]

they are still losing because they even don't know how to put stop loss or some DCA or maybe they are buying shitcoin because they saw it to other.

If DCA (dollar cost averaging) is a trading strategy, I am not aware of it. DCA is a strategy that is mostly used by some investors while accumulating Bitcoin in their portfolio. For "stop loss and take profit," some trading platforms already have it as a feature in their platform, while for some of those platforms that don't have it, it's left for the trader to come up with their own strategy on how to handle their stop loss and take profit because it's simple. If you are an experienced trader, then you will have a certain profit you want to archive, but sometimes the market trend never gets to your predicted level before it begins to go against your prediction; in that case, you can just opt out (stop loss) and take the little profit you got.

Dollar cost averaging is a method of investment that is being used by investors and it is not a new thing. It has been in the investment industry for long even before the discovery of cryptocurrency. Many wealthy investors have advised that the best means to accumulate wealth is by dollar cost averaging.

However, day traders also use the same idea of dollar cost averaging when entering into a particular trade, even if they may enter all within some minutes. They will enter with some percentage of their portfolio then go with another percentage and continue until they meet the hundred percent they want to trade. And when selling too, many of them sell based on the same process because of the volatility of the market.

[palle11]

However, day traders also use the same idea of dollar cost averaging when entering into a particular trade, even if they may enter all within some minutes. They will enter with some percentage of their portfolio then go with another percentage and continue until they meet the hundred percent they want to trade. And when selling too, many of them sell based on the same process because of the volatility of the market.

I think what you are trying to explain in trading is called martingale with what you have said but dollar cost averaging (DCA) is a term used for those who want to hodl. Although it may take same process but they are not for same purpose. The purpose of DCA is usually for longer duration or at least to hodl to sell at a later date but martingale is at the process for sell or buy while the trade is going on in spots. So they are of different classification, one is for hodling and the other is for trading.

[AnonBitCoiner]

The thing is that some people don't just learn the basics, and they might have heard from their friends that they can earn a lot of money from trading, so they just dive into it without learning first. Trading profits are not a stable source of income, as they usually vary and also depend on the amount that the person has invested. Some experienced traders are making big profits too, but they put in a huge amount and risk their investment, so if it turns out to be a loss trade, the amount is usually huge too.

Without learning they can achieve for one or two times but not always because without learning the basic things they will not be able to go according to the market which is the actual thing.

When someone tell us about investment in Bitcoin then we don't listen to the whole talk but just wants to get large amount of money in second and skip the risky part of it. When we skip one part and accept the other then this things become a cause of our failure because we have to accept both negative and positive side then work according to it and we cannot skip one of them.

Experience traders are making big profit but they did not become Experienced from the start but they initiate trading with little sum and when they realized everything then they enhanced their sum as consequence of which their profit also increased.

[pawanjain]

Learning from our own mistakes make us a better person and learning from others' mistakes make us better than others.
This forum is the best place to learn from others' mistakes because many people keep posting here about how they lost their money.
Analyzing their mistakes and not to repeat it should be our goal and this simple step will make us better in many aspects and not only trading.