What you need to know about trading

[sotelorene]

Most people think life is a bed of roses, is all about sunshine,  enjoyment etc not knowing that there's always a  tough time and the ability of one to overcome this time makes him great.  Tough time is the point through which poor and successful people emerges depending on the choices and decision they take.
Most traders and investors are inpatient they only think of the positive side of it ( making profit) not knowing there will always be a loss someday,  well most of them know but when they make losses they became frustrated and unstable,  some will give up because of that little experience.  Sometimes we make losses and we have bad experience like we offend God but no, we are only been tested.  Some of the spirit of a trader or invest is "I can make it mindset, resilience...

[1714791741]

1714791741

[Odohu]

I think this topic should be posted in the Trading section. You might consider moving it there so it can be discussed properly.

Most people think life is a bed of roses, is all about sunshine,  enjoyment etc not knowing that there's always a  tough time and the ability of one to overcome this time makes him great.  Tough time is the point through which poor and successful people emerges depending on the choices and decision they take.
Most traders and investors are inpatient they only think of the positive side of it ( making profit) not knowing there will always be a loss someday,  well most of them know but when they make losses they became frustrated and unstable,  some will give up because of that little experience.  Sometimes we make losses and we have bad experience like we offend God but no, we are only been tested.  Some of the spirit of a trader or invest is "I can make it mindset, resilience...

Yes positive affirmation is a good habit that every trader must inculcate in their daily exercise because it has it's way of impacting on how we make trading decisions. Trading success does not come by chance, it is a deliberate process that involves both technical and psychological preparedness.  First step is to believe that success is possible and achievable.

[Fuso.hp]

Since there is a section to discuss trading matters I think this post should be transferred to that section. 

The first thing a trader needs to do trading is the right mindset of trading and the right understanding of trading. When a new trader has a clear mindset about trading, he can make different plans about trading. A true trader's job is to have a sound understanding of trading along with risking some money and analyzing the market in the right coin at the right time. In the beginning, a trader's patience to risk money is a bit difficult, but later, when the new trader continues to trade gradually, he will become more skilled and adept at trading. Apart from deciding to trade, a trader should regularly try to keep an idea about trading and try to learn about new things only then a new trader will be successful in trading.

[passwordnow]

Everyone is on that mindset of making a profit. You don't get into trading because you've been dreaming to lose all of your money. That's the common thing and dream that everyone is sharing. We trade because we've heard and seen it to the others that did it and they became successful. But that's not the actual thing there, we don't see them struggle and people only think of profiting which is right. And when they go to the actuality of it, the problem goes by that they're having problems of accepting the behavior of the market on how hard it is and it's unlikely to survive if you come unprepared.

Some of the spirit of a trader or invest is "I can make it mindset, resilience...

These are the traders or investors that have a long term goal on what they have entered. They know that this is a game that's not for the less patient people but it's for the people that have understood that it's going to be a long game for them. Resiliency is also one thing that shall developed for most because it doesn't come by easy when you trade. It does comes naturally and gets along with your goal of how long you would like to stay on this market.

[o48o]

Most people think life is a bed of roses, is all about sunshine,  enjoyment etc not knowing that there's always a  tough time and the ability of one to overcome this time makes him great.

Most people? Really? I haven't heard anyone claiming that. I am not sure where you encounter these people. I even tried to see if i find anything like that from the internet by googling "trading is easy" and all i  got was articles claiming that trading is hard work. But if you have heard someone, influencer, or anyone saying that, unsubscribe and don't listen. You have probably been part of some weird echo chamber and need to revisit everything else you have heard.

There are way more ex poor traders than there are successful ones, because trading, especially day trading is hard. High frequency trading is done by bots so fast that no normie would have an access to that kind of tech. It's a game of probability, patience, math and luck. It's time consuming and so stressfull that i can't put a figure what would compensate the work.

Maybe some people are build to take that kind of stress, and sleepless nights. But i don't think many relationships survive that kind of need to be able to act fast and trade at all times. So i really don't know where you heard about this sunshine, but either you were lied to or they don't know anything.

Just hodl and you can have a satifying life while doing it.

[Stepstowealth]

Most traders and investors are inpatient they only think of the positive side of it ( making profit) not knowing there will always be a loss someday,  well most of them know but when they make losses they became frustrated and unstable,  some will give up because of that little experience. 

Some of these impatient traders are traders who have recorded success in demo trading, and so because of their easy success in demo trading become over confident in their skills instead of cautious having the knowledge that in trading you can be successful in demo trade but loose all your money when you hurry to start trading the live market. Their hurry hurry leads them to loosing money. Also if you want to learn to trade on your own, be ready to make losses, because you will make more looses than someone who is learning under a teacher.

[jeraldskie11]

In our time today nothing is easy. Trouble began in the time of our first parents. Because we are not perfect, it will not be easy for us to do something. Trading is the same today, the newbies in trading believe that it is easy, but when they get into trading, the funds run out. In trading, you should not be overconfident because it is possible that this will be one of the reasons why you will suffer subsequent losses. No matter how profitable you are, your mind must be in a stable state before you execute a trade. Another reason for running out of funds in trading is that there is no risk management, this is really important because no matter how effective your strategy is, it is still useless without it.

[oktana]

Most people think life is a bed of roses, is all about sunshine,  enjoyment etc not knowing that there's always a  tough time and the ability of one to overcome this time makes him great.  Tough time is the point through which poor and successful people emerges depending on the choices and decision they take.
Most traders and investors are inpatient they only think of the positive side of it ( making profit) not knowing there will always be a loss someday,  well most of them know but when they make losses they became frustrated and unstable,  some will give up because of that little experience.  Sometimes we make losses and we have bad experience like we offend God but no, we are only been tested.  Some of the spirit of a trader or invest is "I can make it mindset, resilience...

The most important part when you want to learn something new is knowing that you will seem like a fool. I am not saying that we should intentionally make mistakes but when we do, we should take it easy on ourselves and understand that it is part of the things that forge/mold our experience. As a trader, you will have losses (even professionals have losses, let alone someone at a beginner level), but all of that counts. What matters is how you react to those losses; how do you balance the losses and make enough to cover up for your mistake? Determination is important in trading because it will help you achieve more. If you're someone who runs away the second it doesn't go their way then do not even bother.

[Nwada001]

No one is ever going to lose money and will not feel the pain. Even when the money might look little to you, most times it still hurts to lose that little amount.
 
And yes, trading is about making profit, and one time we also incur some losses, and I don't see those losses as what you call testing, who is testing, who is allowing them to lose in trade, which in turn is also equal to losing money.
 
What I see about losing in trade is about the choice we make, and when you make the wrong decision, the result will tell, and when such things happen, the best thing you can do is learn from that mistake and improve next time.
 
Anyone who wants to go into trading fully will definitely understand that it's not every time that trade will be in their favour; sometimes we experience loss and most times we make some profit. That's how it goes, and it has been like that. No one can predict the market perfectly all the time without making some errors.

[Zlantann]

Most people think life is a bed of roses, is all about sunshine,  enjoyment etc not knowing that there's always a  tough time and the ability of one to overcome this time makes him great.  Tough time is the point through which poor and successful people emerges depending on the choices and decision they take.
Most traders and investors are inpatient they only think of the positive side of it ( making profit) not knowing there will always be a loss someday,  well most of them know but when they make losses they became frustrated and unstable,  some will give up because of that little experience.  Sometimes we make losses and we have bad experience like we offend God but no, we are only been tested.  Some of the spirit of a trader or invest is "I can make it mindset, resilience...

Patience is a virtue that is important in any business, not just in trading or investing in the Bitcoin ecosystem. Many people lose money because they are not patient enough to learn about the business they want to invest in. Trading is a complex and dynamic sector of the crypto industry, this entails that traders will have to spend time to learn about the rudiments of the sector. Impatient people cannot invest in Bitcoin because sometimes takes more than your predicted time to make a profit. Most people had to sell off their coins even at a loss because of impatience.
Bitcoin investment is not a get-rich-quick scheme and it's not also a Ponzi scheme so there is a need to have a long-term investment mentality. Many people have lost money in the sector due to carelessness, ignorance, or scams but it didn't stop them from investing again. This is why every investor needs to be dogged and persistent. Every successful investor has failed before but they put themselves together and kept trying.

[hd49728]

Most traders and investors are inpatient they only think of the positive side of it ( making profit) not knowing there will always be a loss someday

What a trader does not have for their trading career is they have to think of loss, risk of getting loss before thinking of getting profit.

Protect their capital first before thinking of profit. Without a good risk management to protect their initial capital, they will gain nothing in trading career that is risky enough to destroy their capital.

They have to learn two basic order types that are helpful to protect their capital by reducing loss: stop loss, stop limit orders.
One of best weapons in trading: Stop loss order
Stop limit order

[GreatArkansas]

Most traders and investors are inpatient they only think of the positive side of it ( making profit) not knowing there will always be a loss someday

What a trader does not have for their trading career is they have to think of loss, risk of getting loss before thinking of getting profit.
(....)

This is the most common experience for all the traders especially when they are just starting, like newbies.
They didn't know how stressful trading was and how unpredictable/volatile. That's why when you do trade, you need to continuously learn and have proper risk management.

[Poker Player]

Here is what you need to know about trading:

Don't trade.

This is the most useful tip for 99% of the people. I have explained ad nauseam that the percentage of traders is so low, tending to 0 as it is more frequent (intraday) and you add leverage, that the amount of time and effort you need to make money on top of gambling your capital does not pay off for the common mortal. But people are still determined to waste their time, money and effort, apart from giving advice.

[laurenB7742]

Most traders and investors are inpatient they only think of the positive side of it ( making profit) not knowing there will always be a loss someday

What a trader does not have for their trading career is they have to think of loss, risk of getting loss before thinking of getting profit.
(....)

This is the most common experience for all the traders especially when they are just starting, like newbies.
They didn't know how stressful trading was and how unpredictable/volatile. That's why when you do trade, you need to continuously learn and have proper risk management.

Like I told those new to trading, don't rush to expect profits, the first thing they should think about is being mentally prepared to accept losses. No one is talented enough to make a profit when they start trading, the traders who are making profits in the market also need to go through a lot of losses to get where they are today. Therefore, as a newbie, if you cannot accept losses or losses, they should not participate in trading. For me, the first and most important lesson in trading is to accept losses.

[Fuso.hp]

In our time today nothing is easy. Trouble began in the time of our first parents. Because we are not perfect, it will not be easy for us to do something. Trading is the same today, the newbies in trading believe that it is easy, but when they get into trading, the funds run out. In trading, you should not be overconfident because it is possible that this will be one of the reasons why you will suffer subsequent losses. No matter how profitable you are, your mind must be in a stable state before you execute a trade. Another reason for running out of funds in trading is that there is no risk management, this is really important because no matter how effective your strategy is, it is still useless without it.

It is good to have confidence in every task but not to be overconfident in any task. Just as confidence helps you do your job right and focus on the task at hand, overconfidence does the opposite. Trading is easy for newbies because newbies consider trading very easy but those who have been involved in trading for a long time know how easy or how difficult trading is. Trading is easy for beginners because they don't have to worry much about the market, they just buy any coin with any amount and hope to make a profit, but the market doesn't change as they expect. A new member regrets his trading when he realizes that his trading was wrong after trading. Trading seems easy to beginners in the beginning but at first they understand how they should trade by losing money.

[bitterguy28]

Here is what you need to know about trading:

Don't trade.

This is the most useful tip for 99% of the people. I have explained ad nauseam that the percentage of traders is so low, tending to 0 as it is more frequent (intraday) and you add leverage, that the amount of time and effort you need to make money on top of gambling your capital does not pay off for the common mortal. But people are still determined to waste their time, money and effort, apart from giving advice.

In this that I agree most , most of people think that they can make more money in trading but they did not pay attention to how much money they could lose if not knowing the all sides of trading because this is not that easy as we think .
there are plenty of people I knew from the past that learn this lesson after losing big amount as they ventured in this market with sole purpose, and that is to earn and not to learn.
they only seek for profit but not willing to risk so what comes end? they are all losers and now hates crypto in general .

What a trader does not have for their trading career is they have to think of loss, risk of getting loss before thinking of getting profit.
(....)

This is the most common experience for all the traders especially when they are just starting, like newbies.
They didn't know how stressful trading was and how unpredictable/volatile. That's why when you do trade, you need to continuously learn and have proper risk management.

Learn and Earn , those are partners so if you are willing to earn then you must learn first not only the proper risk management but also the whole market flow and future.

[Bitcoin_people]

Most people think life is a bed of roses, is all about sunshine,  enjoyment etc not knowing that there's always a  tough time and the ability of one to overcome this time makes him great.  Tough time is the point through which poor and successful people emerges depending on the choices and decision they take.
Most traders and investors are inpatient they only think of the positive side of it ( making profit) not knowing there will always be a loss someday,  well most of them know but when they make losses they became frustrated and unstable,  some will give up because of that little experience.  Sometimes we make losses and we have bad experience like we offend God but no, we are only been tested.  Some of the spirit of a trader or invest is "I can make it mindset, resilience...

Every job has tough times that take a long time to overcome and wait for something great to show up at the last minute. However, among the most difficult problems facing people today, the financial problem is the most important and problematic one where they are unable to achieve success due to poverty. In business we need to know all these things that positive thinking is not always possible but negative thinking is also very necessary not always profit sometimes loss is faced. When we invest in crypto market we often face huge losses due to market volatility but if we are not patient then we can never survive in the market. To survive in the market one must be patient and not be volatile when the market is going down. For a businessman to be successful, he must endure various problems with sufficient amount of stress and sometimes he can succeed at the last moment.

[Essential10]

Those of us who want to earn fast money get inspired by various social media and engage in such trading activities. Success stories come up all the time. We hear stories all the time of people who have succeeded in trading. But we don't hear the stories of those who failed and lost the most. Many people have the misconception that trading is a quick and easy way to make money. The biggest mistake that new traders make. They may have initial success but this often leads to reckless decision making and ultimately losses. Many new traders regret their initial trades and mistakes. What we do should be understood first about the future.

[Zigabel]

Most traders and investors are inpatient they only think of the positive side of it ( making profit) not knowing there will always be a loss someday,  well most of them know but when they make losses they became frustrated and unstable,  some will give up because of that little experience.  Sometimes we make losses and we have bad experience like we offend God but no, we are only been tested.  Some of the spirit of a trader or invest is "I can make it mindset, resilience...

When it comes to cryptocurrency, with newbies, trading is not a safe space to explore.it will be safer and better if you will be able to just HODL just like an investor would, the longer you stay cryptocurrency the better you will understand it and sooner you will get to understand between trading and HODLING which best fits your preference but then as a newbie Avoid trading.

[Blitzboy]

Trading is, in indeed, a tough field with no one-size-fits-all strategy. You're right; its not just sunshine and roses. The sea is rough, and each sailor finds their way around it in their own way. Traders often believe they will always be successful and dont think about the fact that they will lose money. They enjoy wins but fall apart when they lose. Why? Its a mental game; resilience is key, yet so hard to achieve. Losses arent punishments from God; they're tests that push us to grow.

Every trader's rule book is unique. Your strategy might be another's downfall. Personal tuning is what its all about, right? The problem here isnt the loss itself, but how people see it. The smart people in these seas dont try to avoid storms; instead, they learn how to sail better through them. When trading, one's own expectations are often their biggest enemy. The key is to find a balance between hope and truth, between ambition and humility.