Trading not for everyone!

[nurilham]

first of all a person need to brave enough for being a trader. Afraid of losing money can't let you be a good trader cause trading can't be imagined without risk and There's no doubt that everybody can be a trader and i already exprience that. I learn some trading skill and started trading and most of time i did loss in trading. Then i realized that, trading isn't that much easy. Without proper learning, a person can't make profit from trading but loss his money

Of course, someone must be brave to take the risks in trading when he decides to do it. Trading isn't an easy matter, it requires sufficient knowledge and experience. But sometimes this also doesn't guarantee profits, we still have a chance to lose money. So, a person never joins trading if he isn't brave enough.

However, I think a person also needs to be smart if he wants to be a trader. That's why knowledge has a crucial role here. Only smart traders who can get profits in any condition of crypto market. If a trader isn't smart, it is difficult to get profits due to an easy change of trends in crypto market.

[1714512016]

1714512016

[1714512016]

1714512016

[Natsuu]

Without proper learning, a person can't make profit from trading but loss his money

Of course, someone must be brave to take the risks in trading when he decides to do it. Trading isn't an easy matter, it requires sufficient knowledge and experience. But sometimes this also doesn't guarantee profits, we still have a chance to lose money. So, a person never joins trading if he isn't brave enough.

Well yes, it's not only the knowledge, not also the psychology, but your reason of trading. How dedicated are you to succeed on this? Can you take years of losses before being profitable? Or are you in this just for fun? You see you won't succeed on this treating it like a hobby. This should be treated like a business which needs to be sharpen over and over again. It's necessary to have a mental fortitude to overcome challenges whenever it arises. Because if you don't, you will shrink to the bottom of your problems.

[vs2014]

I agree with your title that it's not fair to joke about trading to waste money. In fact you need to practice a lot to understand and profit from trading. Moreover initially you will lose a lot of money but when you trade successfully you will gain. I myself took losses many times in the beginning but now i avoid the amount of losses. The beginning of my involvement in cryptocurrency was investment and i invested a lot in ico projects and it used to have the best profit margin. It was really a fun and interesting experience for me.

[Jonyshake71]

Without proper learning, a person can't make profit from trading but loss his money

Of course, someone must be brave to take the risks in trading when he decides to do it. Trading isn't an easy matter, it requires sufficient knowledge and experience. But sometimes this also doesn't guarantee profits, we still have a chance to lose money. So, a person never joins trading if he isn't brave enough.

Well yes, it's not only the knowledge, not also the psychology, but your reason of trading. How dedicated are you to succeed on this? Can you take years of losses before being profitable? Or are you in this just for fun? You see you won't succeed on this treating it like a hobby. This should be treated like a business which needs to be sharpen over and over again. It's necessary to have a mental fortitude to overcome challenges whenever it arises. Because if you don't, you will shrink to the bottom of your problems.

that's True but a traders learn most of the time from his previous experience. Which is also enhance his knowledge about trading. Even yeah, trading also another name of patient or mental thing where you shouldn't panic sale but need to wait for perfect time. But it doesn't mean, you can't sell your share in loss. Cause situation won't allow to win always and sometime you have to dumped your token for loss to prevent big loss.

[Nothingtodo]

Actually trading is not for everyone but only those who have special experience in trading can get profit in trading.  This is the case in my case because I have never made a profit from any of the trades I have done so far but have faced losses in all my trades.  Lately I've bought over $70k worth of Bitcoin at a loss and see no other option than my long term holdings.

[Fuso.hp]

Yes, actually this has been my advice to some of mine friends and some people around me trying to ask for advice for trading Dude, they just want to know more about trading, and they don’t have the capability and the time for trading Trading is something you need to put more attention and focus so actually, Trading has not been good for even people that is paying attention to it so when you have no much attention, and you just had about Trading and you want to trade it’s really not for everyone because you may not make it

There is need we need to tell people especially someone that we are very sure that is greedy to not pick an ok offense from that so they can take their mind from trading Trading is very risky and we need to do things as a trader that will take our mind from being a greedy person because that is where the problem mostly comes from. There are lots of things to learn from trading and some new traders might not be aware of that since they don't have a sponsor or someone that is a pro trader that could be giving them the advise to learn very well before trading.

Trading is definitely risky and there is a lot to learn about trading. The journey of trading is very difficult for those who basically know everything about trading, but for those who do not care and only think that they will earn profit by trading, the path of trading is easy. Trading where a decision has to be made based on chart and candlestick observation. If there is a mistake in chart observation, many times it is seen that money is damaged in trading. Again, it can be seen that if you observe the chart correctly, the market moves in the opposite direction due to the volatility of the market. Trading is not limited only to chart observation but every trader has to take risk in trading, be patient and wait for good time, buy at right time sell at right time. All this is certainly not easy which is why trading is considered a tough job.

[coinerer]

Yes, actually this has been my advice to some of mine friends and some people around me trying to ask for advice for trading Dude, they just want to know more about trading, and they don’t have the capability and the time for trading Trading is something you need to put more attention and focus so actually, Trading has not been good for even people that is paying attention to it so when you have no much attention, and you just had about Trading and you want to trade it’s really not for everyone because you may not make it

There is need we need to tell people especially someone that we are very sure that is greedy to not pick an ok offense from that so they can take their mind from trading Trading is very risky and we need to do things as a trader that will take our mind from being a greedy person because that is where the problem mostly comes from. There are lots of things to learn from trading and some new traders might not be aware of that since they don't have a sponsor or someone that is a pro trader that could be giving them the advise to learn very well before trading.

Trading is definitely risky and there is a lot to learn about trading. The journey of trading is very difficult for those who basically know everything about trading, but for those who do not care and only think that they will earn profit by trading, the path of trading is easy. Trading where a decision has to be made based on chart and candlestick observation. If there is a mistake in chart observation, many times it is seen that money is damaged in trading. Again, it can be seen that if you observe the chart correctly, the market moves in the opposite direction due to the volatility of the market. Trading is not limited only to chart observation but every trader has to take risk in trading, be patient and wait for good time, buy at right time sell at right time. All this is certainly not easy which is why trading is considered a tough job.

Trading is easy when one has enough money and losing it is not a problem.  And when one does not trade with any fear. Trading in a relaxed mode with a cool head can be fun as well as income from trading. Trading can be called like stock business because in stock trading you buy and hold a commodity and sell it when the price rises. trading is also the same where only digital coins are bought, held and sold. so trading is for those who have enough power to accept the profit and loss of trade and have a good understanding of the market

[Essential10]

Actually trading is not for everyone but only those who have special experience in trading can get profit in trading.  This is the case in my case because I have never made a profit from any of the trades I have done so far but have faced losses in all my trades.  Lately I've bought over $70k worth of Bitcoin at a loss and see no other option than my long term holdings.

Not everyone can earn from trading, there are very few people who can earn from trading. Sometimes, despite having experience, many trade and fall into huge losses. I am not used to trading, since you have been involved in trading industry you have done many trades but you have not seen any profit, I think you lacked in learning trading. It is true that most of the time trading is loss, but if you can learn trading properly then at least you will not lose all from here. Trading basically requires patience if you are patient in whatever you do you will be successful there.  Since you have invested when bitcoin price $70k you have to test extreme patience as you expect good profit from it. Without patience and proper analysis of the market, you can sell your bitcoins at a loss. So you have to proceed with the next steps very carefully.

[Bd officer]

Actually trading is not for everyone but only those who have special experience in trading can get profit in trading.  This is the case in my case because I have never made a profit from any of the trades I have done so far but have faced losses in all my trades.  Lately I've bought over $70k worth of Bitcoin at a loss and see no other option than my long term holdings.

Yes, trading is not for everyone but investing is for everyone. To trade one needs to acquire enough knowledge about trading, learn to analyze the market, buy coins at right time and sell coins at right time. But if you invest and hold patiently you can profit. Now you say you have never made a profit by trading, only faced losses. I think you should invest instead of trading. But those who became professional traders, like you faced losses in the beginning and gradually they became professional traders. If you want to do trading then you need to acquire more knowledge about trading. However you bought $71k worth of bitcoins, you hold patiently and hope you can recover if you hold.

[Nazmul012]

OP,  holding is also difficult task for newbies cause without proper knowledge, it is difficult to set the point where to buy. Holding top potential altcoins may safe you for lossing much but trading is so challenging like a Battle and a newcomer has 90% possibility to lose. So a person new to teach himself about trading first and make himself capable enough to make it work in trading. Shouldn't jump in high risk trading without any signs or something what indicates it'll be in your flavor. Thus a new trader can survive with minor losses. But its tricky when price of that traded altcoin, enter into correction zone and need to decide whatever you need to stay or close position

[cryptoWODL]

Actually trading is not for everyone but only those who have special experience in trading can get profit in trading.  This is the case in my case because I have never made a profit from any of the trades I have done so far but have faced losses in all my trades.  Lately I've bought over $70k worth of Bitcoin at a loss and see no other option than my long term holdings.

Not everyone can earn from trading To earn in trading, you need experience. Beginners should give importance to learning about trading because if they start trading without experience then they might get hurt just like you. You made a mistake in your trading due to which you suffered, maybe later on you will learn from this mistake and become experienced about trading and you will be able to profit from trading later on.

As you said recently you bought bitcoin when the price of bitcoin was 70 thousand dollars. Now the price of Bitcoin has come down from there by 5000 dollars that is 65 thousand dollars. You bought bitcoin at 70k when you were in a loss and you are now in a bigger loss because the price of bitcoin has dropped further. But there is still time for you because there is nothing to worry about investing in bitcoins if you can hold it patiently for a long time then at some point you will make up those losses.

[MiF]

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past.

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.

Yeah you are right this is not for everyone, trading is very hard and not all of the people who do trading has earn it is still depend on the luck of the person who do trading, even a simple buy and hold task is not that simple and not for everyone, because we don't have the same patience the same sight and plan on our investment or trading works so we have also different earnings and loses and trading is not really for everyone.

[SlowPP]

so why bother to trade when your knowledge and skills are not sufficient enough to make trading work.

It's because newbie traders mind tells trading is the way to get out of a poor life. Their mind is full positivity, and positive emotions where even they don't have enough knowledge in trading they think that it's easy. It's also what mostly mentors taught that you will be rich in trading, and that's what I also taught before. Realistically, it's possible to happen but if you only have a small amount of funds it's difficult to be in that place because you're not always win in trading,  there's no always a good setup in the market, and sometimes you experience a couple of loses. And that's what I see in trading that make our dreams to hold but we have to pursue trading especially if we are profitable because you will only fail if you quit.

You're actually right , everyone thinks learning trading will automatically change their life . but if you are sure and consistent with what you are doing,because not everyone can learn trading there's a lot of mistakes and misfortune in trading.there is time for everything just hold on patiently ..

[OfficeKlep]

Strategies dont make good traders. Psychology does. Know this and Know peace

[OrangeII]

Actually trading is not for everyone but only those who have special experience in trading can get profit in trading.  This is the case in my case because I have never made a profit from any of the trades I have done so far but have faced losses in all my trades.  Lately I've bought over $70k worth of Bitcoin at a loss and see no other option than my long term holdings.

Yes, trading is not for everyone. Trading is like any other job, which also requires certain criteria. After all, not everyone can be a manager, or maybe a footballer, or something else. it requires hard work to get to a certain point. However, this is the same as trading, you need to learn, and work hard to become a professional trader. Many people give up when they see that trading is actually very difficult and full of risks.

[MissNonFall9]

I came to know about cryptocurrency a few years back. Since then I have a strong desire that I will also be involved in trading. Since then I have watched various videos on trading with many adversities. But I have never been able to gain complete knowledge and for those like me who scarcely go out and can not expect to be in contact with an experienced mentor, the subject of trading remains elusive. So it's very poignant that maybe trading isn't for me.

[Bushdark]

Without proper learning, a person can't make profit from trading but loss his money

Of course, someone must be brave to take the risks in trading when he decides to do it. Trading isn't an easy matter, it requires sufficient knowledge and experience. But sometimes this also doesn't guarantee profits, we still have a chance to lose money. So, a person never joins trading if he isn't brave enough.

Well yes, it's not only the knowledge, not also the psychology, but your reason of trading. How dedicated are you to succeed on this? Can you take years of losses before being profitable? Or are you in this just for fun? You see you won't succeed on this treating it like a hobby. This should be treated like a business which needs to be sharpen over and over again. It's necessary to have a mental fortitude to overcome challenges whenever it arises. Because if you don't, you will shrink to the bottom of your problems.

I think there are still people that do not know that trading is not for them. Trading is all about being patient and learning with time.
We don't need to rush for the sake of learning. Learning supposed to bring exploration which is how we could make money from trading and not trying to do it by all means. We should always remember thay ww tend to lose monwy in trading if we don't know what to do and how to go about it. It is very important for us to gain benefits and earn from trading when we have become a pro trader.