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Author Topic: The most difficult times  (Read 523 times)
jeraldskie11
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December 20, 2023, 03:37:29 AM
 #41

<snip>
mentors are just teachers who will direct how you trade.
Looking back at year 2021, when the bullish market started, there are lot of mentorship programs that were coming out. Honestly, if you don't have knowledge about trading and you wanted to learn trading you will get easily persuaded by mentorship program. They didn't know that there are lot of mentors who can't really trade. You will only noticed that if you finished the mentorship and start trading. It's a great lesson to all new traders who really want to join mentorship that to verify first if the mentor is really profitable because they can't really guide you in your trading journey especially the bullish market is now starting. "How can you help others if you can't even help yourself?"
AnonBitCoiner
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December 20, 2023, 03:53:47 AM
 #42

trading isn't so easy that an experienced person will only keep making profit in a certain time, it's not like that,
if you have 10 years experienced in trading but still there is a possibility that you will be big loses here,
newbie can holding bitcoin in long term it's absolutely batter than trading, but they started in altcoins,

An experienced trader can also loss money but the percentage of losses of experienced trader is less than that of unexperienced trader. If you have experience in trading then you can manage the circumstances well with the help of your strategies but if you have no idea that how to handle the hazardous situation and how to make money even don't know that which coin is better for to hold longer or to trade according to the market situation then you cannot take profit from trading.

If someone find that trading is not for them then they should invest amount in the coins with solid Foundation like that of Bitcoin and ethereum in which your loss will be minimum and if you are unable to use your strategies then hold it longer so when you find favorable condition and price is maximum to give you profit then sell it to overcome loss. Trading needs tough timing whereas investing needs just money and recognition ability of selling and buying beneficial coins.



 

 

 

 

 

 


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December 20, 2023, 04:13:10 AM
 #43

<snip>
mentors are just teachers who will direct how you trade.
Looking back at year 2021, when the bullish market started, there are lot of mentorship programs that were coming out. Honestly, if you don't have knowledge about trading and you wanted to learn trading you will get easily persuaded by mentorship program.
actually nowadays they come more expensive , there are mentorship offering online but the rate is really that much, My eldest son enrolled for 5 sessions and yes he needs to pay 200 dollars just for 1 hour mentorship for 5 days yet this is not a one on one session , instead comes with a group.
Quote
They didn't know that there are lot of mentors who can't really trade. You will only noticed that if you finished the mentorship and start trading. It's a great lesson to all new traders who really want to join mentorship that to verify first if the mentor is really profitable because they can't really guide you in your trading journey especially the bullish market is now starting. "How can you help others if you can't even help yourself?"
I am still waiting for the outcome as this is just the day starts , in 5 days wishing that my son will learn how to trade properly things that I am not good at  Grin

jeraldskie11
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December 20, 2023, 10:10:13 AM
 #44

<snip>
mentors are just teachers who will direct how you trade.
Looking back at year 2021, when the bullish market started, there are lot of mentorship programs that were coming out. Honestly, if you don't have knowledge about trading and you wanted to learn trading you will get easily persuaded by mentorship program.
actually nowadays they come more expensive , there are mentorship offering online but the rate is really that much, My eldest son enrolled for 5 sessions and yes he needs to pay 200 dollars just for 1 hour mentorship for 5 days yet this is not a one on one session , instead comes with a group.
Quote
They didn't know that there are lot of mentors who can't really trade. You will only noticed that if you finished the mentorship and start trading. It's a great lesson to all new traders who really want to join mentorship that to verify first if the mentor is really profitable because they can't really guide you in your trading journey especially the bullish market is now starting. "How can you help others if you can't even help yourself?"
I am still waiting for the outcome as this is just the day starts , in 5 days wishing that my son will learn how to trade properly things that I am not good at  Grin
$200 mentorship fee is quite expensive for a 5 session. I think it would be better if it's one on one mentorship so that the mentor can focus on his progress what he should really need to improve to be a better trader. I hope your son will gain a lot of knowledge with that sessions and I hope that all the lessons will be recorded so that he can re-watch if ever he forgot something important in their lessons. And also, you and your family members can benefit it.
My only advice for your son since he is just starting to learn trading is not to focus on the profit, always follow on the trading plan and the profit will follow.
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December 20, 2023, 02:08:21 PM
 #45

-snip-
It's a great lesson to all new traders who really want to join mentorship that to verify first if the mentor is really profitable because they can't really guide you in your trading journey especially the bullish market is now starting. "How can you help others if you can't even help yourself?"
Verification is definitely needed and is the main requirement before choosing mentoring.
and also see how recommendations from others about the person who will be the mentor.
That way it will be clearer how the quality of the mentor chosen, not just teaching and of course must be able to trade and mentoring must be more expert.

actually nowadays they come more expensive , there are mentorship offering online but the rate is really that much, My eldest son enrolled for 5 sessions and yes he needs to pay 200 dollars just for 1 hour mentorship for 5 days yet this is not a one on one session , instead comes with a group.
$200 is only for 5 meetings with 1 hour per session, quite expensive.
But is it comparable to the knowledge taught, and is he an expert mentor?
I can't guess about the standard mentor fee, but $200 is pretty expensive for me.

I didn't even have a mentor and was just self-taught from articles and some YouTube videos.
The most important thing is how seriously one learns and is consistent in what one wants to master,
and the flying hours of that trade also affect, it will form good trading emotions.

 
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December 22, 2023, 06:33:54 AM
 #46

Quote from: MIner1448
Your point is an important reminder that trading is a skill that takes time, patience and learning. Beginning traders often face challenges and setbacks, but it is important to remain motivated and committed to continuous improvement. Success in trading does take effort, and the lessons that come from losses are often inevitable.

This is what some newbies don't know about crypto trading, because they feel crypto trading is a something you can just start today and begin to make huge amount of income like the way professional traders are making income not knowing that professional traders acquired the skills of crypto trading some years ago. As a beginner, you need to take your time to study how the market work and how many years you can hold your coins in your wallet before trading them in the market for profits purpose which are some of the things newbies need to embrace. Most traders in the community succeeded by patience in their holding, because if you can hold your coins through out the bearing season till the bullish season appear you will definitely achieve something great in your trading.

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December 22, 2023, 11:02:22 AM
Merited by JoyMarsha (2)
 #47

In every business in life, knowledge about it and what it entails to succeed is always the key.
Someone that has been learning trading for years and someone that just jumped into the market base on the fact that he believes that trading is a get rich quick scheme can never be the same in terms of execution and vast knowledge of how to navigate his or her ways in the market to come out profitable.
whatever you choose to start, you almost certainly have knowledge about it before you begin; otherwise, you may wind up at zero. Even in ordinary business, if someone wants to get started right away but has no prior experience, things won't go according to his plans. I'll return to trading now. Not everyone views trading in this way; some believe it's a way to start making quick money and don't want to learn about the risks involved because,  anything has a gain there may be a loss as well.

Many people here experience this kind of behavior, particularly the biginners who were introduced to cryptocurrency right away. The first item we search for is how to start trading. What do you believe will happen in the end, supposing you desire to trade but have no prior trading experience? For this reason, it is beneficial for us to get knowledgeable about cryptocurrencies and their technical analysis.

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December 23, 2023, 07:44:03 PM
 #48

The most difficult level in life generally is level one because that's where you put in the work, and during that time, you will see enough reason to quit more than enough reason to continue, because you are definitely going to blow up so many account while in the learning process, but the ability to continue learning and pressing forward even when things aren't going our way defines us. Nothing good comes easy, so if we must succeed in trading even as experience as we are, we must keep on putting in the work to learn more, so that we can be a better trader and reap the rewards of our work.
Taking your time to slowly get better is important, people should get a hold of that and we should definitely see something that will change a lot when the time comes, I understand it may not be all that great, but we need to make sure that it is going to get better with time. I understand it is not such a big deal at the time, but with more time it is going to get a lot better and people will like it one way or another.

I hope that we could all get to a point where it is going to get a better situation, and we should be doing something that gets some attention, it is not going to be all that much of a big deal with time, it is going to get better eventually. You just need to keep working at it until you become a good trader.

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December 23, 2023, 08:08:19 PM
 #49

The most difficult time is the starting phase and the most difficult to manage for newbie traders is their greed. If they can't control their greed every time they trade, then most likely each trade will only end up into a frustrating loss. Trading takes time to learn, and you can only learn if you have the patience and consistency to study the market.

While trading can be harder for newbies, but the rewards are definitely worth the wait. The reason why despite of the fact that trading tough and hard, people still insist to learn so they can trade and gain decent profits.

 
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December 24, 2023, 03:08:26 PM
 #50

Learning how to trade as a newbie might be the most difficult time of our life. This is the time when we act like baby in the trading field.
Time when we need to learn fast and focus on what we want. Time when we don't have full knowledge about what is happening in the market and everything looks strange to us. Time when we need to take a careful look of every advise we are given.
There are different things that need to be learnt for us to get to where we belong, all we need is just focus and perseverance.

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December 25, 2023, 10:28:20 PM
 #51

Trading does not require extraordinary skill. The rules used are simple and can be learned within several months. Therefore, the difference between beginners and experts is several hours of learning, but obtaining accurate news from sources not available to the public and the ability to analyze market variables to understand trading trends and how it is affected by political and economic factors is what makes you achieve more profits from more experience and knowledge of the basics of trading.
You are right, because what we need to acquire the skill of trading is time, and what makes someone a good trader is the ability to know how to research and put it into function, no one is a professional trader because the skill you use as a professional trader a newbie who started yesterday can be able to understand another means of trading that will make he or her to venture into profit, what matters most in trading is the ability to make a research or learn and know how to overcome trading obstacles in other to avoid venturing into loss.

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December 25, 2023, 11:54:22 PM
 #52

Looking back at year 2021, when the bullish market started, there are lot of mentorship programs that were coming out. Honestly, if you don't have knowledge about trading and you wanted to learn trading you will get easily persuaded by mentorship program. They didn't know that there are lot of mentors who can't really trade. You will only noticed that if you finished the mentorship and start trading. It's a great lesson to all new traders who really want to join mentorship that to verify first if the mentor is really profitable because they can't really guide you in your trading journey especially the bullish market is now starting. "How can you help others if you can't even help yourself?"

The year was passed and we can’t get back to the oldest time,So the trader must use the current halves of the bitcoin to earn some coin for the future.The knowledge of trading was the essential one in the trading community,So the earning will be the easiest one.But the traders who learn to hold at the hard times will shine in the trading,because trading at the earliest stage was more important one.Because you will have enough bitcoins in your wallet.If the price of the bitcoin was increased,you can easily earn more money from the trading of the bitcoin.

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December 26, 2023, 02:14:14 AM
 #53

Whether newbie or experience trader we should not forget the fact that in every business there must be profit and lost, but one ability to make his profit overshadow his lost is what makes one a good trader.
As a newbie you cannot just venture into trading without having an understanding of what trading is all about, so even the newbie is well equip and knowledgeable, just like the experience trader because I don't think one will just want to lost his money just like that.

So the most difficult time is when the market is down or doing bear
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December 26, 2023, 02:20:21 PM
 #54

The skills in trading are indeed simple, but applying them is what is difficult.

Often you are watching the market and panic strikes and pulls away the logic from your brain. When the market is dropping it is not the time to sell and join the FUD gang but the time to buy at the lower price.

It is never a get-rich-quick scheme and even day trading carries a lot of risk but is not comparable. Although I mostly speak for long term trading, it will never make one rich overnight. It takes time to be resistant to emotions here.

 
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December 26, 2023, 03:43:58 PM
 #55

In every business in life, knowledge about it and what it entails to succeed is always the key.
Sadly, many a trader don't like to take the time to learn and acquire that knowledge when it comes to trading. They think trading is a shortcut to riches. Everyone goes through a period of apprenticeship to acquire knowledge, even in formal school environment but they want to jettison that as traders. The resultant effect of not taking the time to learn in trading is that those who are involved are often left with a history of several blown accounts.

Quote
Nothing good comes easy, so if we must succeed in trading even as experience as we are, we must keep on putting in the work to learn more, so that we can be a better trader and reap the rewards of our work.
Learning period is like gestation. The stress and discomfort are always there but the smiles of a safe delivery will make every ordeal disappear once a successful birth happens. It's the same thing with trading. Once one acquires the set skills and becomes profitable, all the loss of the past are recovered.

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HONDACD125
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December 26, 2023, 04:29:57 PM
 #56

Whether newbie or experience trader we should not forget the fact that in every business there must be profit and lost, but one ability to make his profit overshadow his lost is what makes one a good trader.
As a newbie you cannot just venture into trading without having an understanding of what trading is all about, so even the newbie is well equip and knowledgeable, just like the experience trader because I don't think one will just want to lost his money just like that.

So the most difficult time is when the market is down or doing bear

It cannot be denied that profit and loss occur in every business. The difference between a new and an experienced trader is that the newbie does not know the profit or loss, where he can make a profit and where he can lose in the trade. In any business an experienced person takes a step he believes that he can get a good profit from it, whereas a newbie does not understand any step properly so he may end up with loss instead of profit. How a newbie has knowledge like an experienced trader If he can trade like an experienced trader then how can we call him a newbie?

You may think that the most difficult time is when the market is going down or bear market, but experienced traders can get good profit from trading in bear market and even when the market is falling. So try to know the difference between a new trader and an experienced trader.

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December 26, 2023, 09:16:36 PM
 #57

Whether newbie or experience trader we should not forget the fact that in every business there must be profit and lost, but one ability to make his profit overshadow his lost is what makes one a good trader.
As a newbie you cannot just venture into trading without having an understanding of what trading is all about, so even the newbie is well equip and knowledgeable, just like the experience trader because I don't think one will just want to lost his money just like that.

So the most difficult time is when the market is down or doing bear

It cannot be denied that profit and loss occur in every business. The difference between a new and an experienced trader is that the newbie does not know the profit or loss, where he can make a profit and where he can lose in the trade. In any business an experienced person takes a step he believes that he can get a good profit from it, whereas a newbie does not understand any step properly so he may end up with loss instead of profit. How a newbie has knowledge like an experienced trader If he can trade like an experienced trader then how can we call him a newbie?

You may think that the most difficult time is when the market is going down or bear market, but experienced traders can get good profit from trading in bear market and even when the market is falling. So try to know the difference between a new trader and an experienced trader.
If there would be no losses then i would say that its not a business or venture because we know that when it comes to risks then we do know that its not something that there's no exemption when it comes on incurring losses and this is something that you should really be that mindful in speaking about the risk. When it comes to difficult times then it would be just normal that in any business venture there's always chance for you to make yourself that having those losses and this is why it would really be that important that you should really know on how to make yourself that having those back up plans on whatever you are dealing with.

Make yourself that knowledgeable and trying to hone up your skills and experience on which it would really be that making yourself way more better in terms of overall capacity
on dealing up with something which it does require those specific skills and decision making. Dont easily give up because challenges and hardships are really just that normal.
So sustain and survive would be your primary aim on this one.

R


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December 26, 2023, 11:38:02 PM
 #58

Like what they say that the beginning is the hardest. And when someone who's starting to trade and sees it hard to trade, you're not wrong. Trading is hard whether you're starting as a newbie or someone who's experienced. When you hear experienced traders saying that it's hard, it literally is hard. And that's why many don't survive as many are just losing instead of winning in trading so, if you get caught by your emotion and understands the risk, you can revert that into investing.

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December 27, 2023, 07:44:39 AM
 #59

It's not easy to do crypto trading; that's the truth; it requires strong dedication and determination to understand something like this. And when we do it right or give it, who will be the first to benefit from this matter? Aren't we too?

So what others say is true: the success of our future in this field is actually in our hands. So the difficulty in the business industry is just at the beginning, and when we overcome it, we will definitely get the profit we hope for.

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barisbilgili
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December 27, 2023, 02:51:13 PM
 #60

It's not easy to do crypto trading; that's the truth; it requires strong dedication and determination to understand something like this. And when we do it right or give it, who will be the first to benefit from this matter? Aren't we too?

So what others say is true: the success of our future in this field is actually in our hands. So the difficulty in the business industry is just at the beginning, and when we overcome it, we will definitely get the profit we hope for.
It is true that when we have a good understanding of crypto trading then we will be able to enjoy profits in the trades that we make, it takes a lot of time that we spend in trading to really understand it well and when we have a lot of experience we have to keep learning it in order to continue understand well about trading.
Everyone who is just starting out will certainly experience difficulties because they are not used to trading and when we have experience and also understand trading, we will be more accustomed to trading.
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