Which sort of investor are you?

[goaldigger]

There's no easy money in the world. All must come from hard work.
For me, as a trade, you need to surpass all the trials along the road because it's difficult to trade. All successful traders right now have a lot of experienced, ups and downs.

This is something that we cannot avoid when we are pursuing a career in trading and yes, it’s not all about profit.
Trading is very risky, one wrong trade can lose more money so make sure you do analyze and you know how to be more safe when placing your trade. Taking profit and cutting losses should always be your priority, know how to timing the market and be more patience with your trades, it will take time before you become a good trader but its worth it.

[GeorgeJohn]

As a trader, you are to no the type of trader that you stand for! Most times people flunk to respond to this question.
Well, op from the glance of things numerous people today in the trader’s world do not research themself before hopping into the trading world and, I guess this is very mistaken by the public.

It's obvious that trading is a skillful kind and if does not acquire the skill acquisition of trading very it will or may lead you to negative impacts of trading, so from my theory, it's clear and understanding that for you to be a successful Trader you most undergoes many research and many trials, those people whom seems trading like a avenue to multiple their funds always venture into trading without knowing the concepts of trading, so therefore it will be good for both new Trader and old have to make a research analysis before venturing into trading.

Apparently you to know that trading deals with two things either advantages and disadvantages [gain/loss] this is the reason we said that trading have to do with two things,  as a trader you have to bear it in mind that the ratios of advantages in trading is proportional to the ratio in the disadvantages of trading, so our mistakes in trading is achievement and also a none achievement base on your capacity and ability to detect your errors.

[Myleschetty]

Trading is difficult, decisions must be taken immediately and if you miss them the ending will be different. It's really like war, merciless and fast. From most of my trading records, there are still many losses compared to profits.

From this, I prefer investing in Bitcoin by long-term holding.

Trading is not difficult but it's strategic and the strategic aspect of it is what it's hard to understand or know beforehand due to the cryptocurrency market volatility in nature.
Yes, trading is like war because every trader is trading against the smartest, most wealthy, and most genius people in the market that can twist things to their favor.

[_BlackStar]

-snip-

This is something that we cannot avoid when we are pursuing a career in trading and yes, it’s not all about profit.
Trading is very risky, one wrong trade can lose more money so make sure you do analyze and you know how to be more safe when placing your trade. Taking profit and cutting losses should always be your priority, know how to timing the market and be more patience with your trades, it will take time before you become a good trader but its worth it.

Yes - becoming a trader is not easy, especially for assets that have very fluctuating prices. There are different types of traders - but they all have to consider their own risks. The amount of risk they take depends on what assets they trade and what trading strategy - but they can only minimize risk, not eliminate risk.

To become a successful trader is not easy - sometimes they even have to lose money after starting. Wrong strategies and greed allow traders to lose money instead of making a profit - so traders need to avoid and learn what they must have to be a successful trader. Trading without risk is impossible - so set your risks and learn how to minimize them.

[ancafe]

As a prominent trader or investor, I guess the first thing to do, is to check your internal self-esteem, and also no your mind-fitness when trading, and your trader’s equilibrium, the most  important is “What type of investment are you good at” Most people think traders are also fortunate all the moment”
Come think of it is trading fortunate?

Trading cannot always produce profits even though people really understand how to do it because there are times when the strategy we implement is not appropriate. Trading cannot guarantee profits forever, but we can make proportions according to the strategy applied regarding profits. Therefore, it is important to understand how to trade correctly so that we know how to make decisions at certain times.

To me that is not correct Trading is all about your proficiency and apprehending and how you control your frights and tolerance, and I think your tough labor amounts to something a lot too.

Skills and mental readiness in making decisions are quite influential in trading because there are many emotional trades that will end in losses. Controlling risks can be done if someone has the knowledge so that these skills can train someone to be more prepared in any condition.

[lixer]

As a prominent trader or investor, I guess the first thing to do, is to check your internal self-esteem, and also no your mind-fitness when trading, and your trader’s equilibrium, the most  important is “What type of investment are you good at” Most people think traders are also fortunate all the moment”
Come think of it is trading fortunate?

To me that is not correct Trading is all about your proficiency and apprehending and how you control your frights and tolerance, and I think your tough labor amounts to something a lot too.

First of all, an investor isn't called a trader, because an investor is a person who invests some money and then waits for the profit to come, it's mostly for a longer term when compared to a trader who would buy and sell assets within a short period to profit from the small price changes. So, you should first make it clear whether you are talking about traders or investors because both are different even though one can be both, an investor and a trader.

People who think traders are mostly fortunate haven't seen the market closely, and they have no idea about the volatility and instability it carries which makes it extremely difficult to get successful trades. So, only a trader can know how difficult it is to make more successful trades than failed ones.

[Peanutswar]

Through experience, knowledge and mistakes you can build your own reputation and which kind of trader are you if you know yourself already where is the most suitable and effective for you, could be in business, stocks, real estate, or crypto there are other forms but of course, we are in crypto. In investment, there's always a risk but you can lessen the percentage of it if you know already the possible outcomes, and proper preparation if you keep pursuing this or not at least you learn something if you fail. If you succeed go you can continue if not you can cut loss and take another risk.

[KingsDen]

To me that is not correct Trading is all about your proficiency and apprehending and how you control your frights and tolerance, and I think your tough labor amounts to something a lot too.

Trading is not all about buying low and selling high. There's more to trading and the others are among the things that shapes a trader. These are;

• Experience
• Patience
• Technical know how
• Risk management

You can have a very good knowledge of trading, but your emotions is poor to keep you going or you are very impatient. So, a good trader must have these attributes in a right proportion in order to be successful on the long run.

Through experience, knowledge and mistakes you can build your own reputation and which kind of trader are you if you know yourself already where is the most suitable and effective for you, could be in business, stocks, real estate, or crypto there are other forms but of course, we are in crypto. In investment, there's always a risk but you can lessen the percentage of it if you know already the possible outcomes, and proper preparation if you keep pursuing this or not at least you learn something if you fail. If you succeed go you can continue if not you can cut loss and take another risk.

Some people know how to join but do not know when it is necessary to exit. At a time, everyone has laid their hands on trading, either as a noob or experienced. Some have failed and exited trading knowing too well it is not their thing. But some are still forcing themselves to be successful in something they know not how to handle. To this people, failure is inevitable on the long run.

[Rehan Zakir]

I am a short-term trader. I make multiple trades within a short span of time. When I book a profit, I move on to another coin for entry. Most of the time, I follow indicators on a 30-minute timeframe to determine the right time to buy a coin. I enter a trade and close it after securing a 3-5% profit. If it seems like there's potential for further profit, I close the trade and aim for more profit.

[AakZaki]

I am a short-term trader. I make multiple trades within a short span of time. When I book a profit, I move on to another coin for entry. Most of the time, I follow indicators on a 30-minute timeframe to determine the right time to buy a coin. I enter a trade and close it after securing a 3-5% profit. If it seems like there's potential for further profit, I close the trade and aim for more profit.

Following a 30 minute timeframe is not too long for short term trading. I usually only look at 15M-5M for short term or scalping because trades are made faster and more orders are placed.
Timeframes of 30M and above are usually for Medium and long term trading. Determining a profit of 3%-5% is quite standard and don't forget to use a stop loss to stop unwanted losses because it is important. and having reserve funds will be very helpful in an emergency.

[GreatArkansas]

-snip-

(....)
To become a successful trader is not easy - sometimes they even have to lose money after starting. Wrong strategies and greed allow traders to lose money instead of making a profit - so traders need to avoid and learn what they must have to be a successful trader. Trading without risk is impossible - so set your risks and learn how to minimize them.

I agree with BlackStar that trading is not easy. That's why as you can see most newbies who just starting to trade are starting to stop after how many days/weeks or months.
Only a few traders who started then ended up still trading. This is the biggest challenge if you are starting to trade.

[JayTrain]

As a trader, I agree that it's important to know your strengths and weaknesses before entering the world of trading. This helps to define your style and strategy, which is key to successful trading. While luck plays a role, skills, analysis, and emotional management are paramount. Trading is an art that requires constant development and learning, and success comes through diligence and dedication to your craft.

[South Park]

I agree with BlackStar that trading is not easy. That's why as you can see most newbies who just starting to trade are starting to stop after how many days/weeks or months.
Only a few traders who started then ended up still trading. This is the biggest challenge if you are starting to trade.

In my opinion newbies start their journey way too early, on their desire to make profits they begin to trade without really knowing what they are doing, and while learning on the job is quite common and it can lead you to success in other activities, when it comes to trading this is a huge mistake, since by the time you actually know what you are doing, it will not be rare for all your capital to run out, and once you get more money to trade you may have forgot a great deal of the lessons you learned during your first trading experience.

[mirakal]

There's no easy money in the world. All must come from hard work.
For me, as a trade, you need to surpass all the trials along the road because it's difficult to trade. All successful traders right now have a lot of experienced, ups and downs.

This is something that we cannot avoid when we are pursuing a career in trading and yes, it’s not all about profit.
Trading is very risky, one wrong trade can lose more money so make sure you do analyze and you know how to be more safe when placing your trade. Taking profit and cutting losses should always be your priority, know how to timing the market and be more patience with your trades, it will take time before you become a good trader but its worth it.

The safest option is not to trade when you think you’re not prepared for it. Don’t risk your funds by trying to trade when you know you are not that good enough. There’s still a lot of options left to be profitable, or just settle with bitcoin hodling, wherein there is less preparation and is less risky. In the end, you will gain the same  amount of profits if you just hold patiently a good amount of bitcoin.

However, if you have passion in trading, then take some risk. But always remember that trading is hard and tough most particularly for beginners. You cannot trade and expect immediate profits, that is now how trading works. You need to analyze first the market well and know when to trade and when not to, and most importantly, have sufficient amount of knowledge and skills when you decide to trade. Experience is the best teacher so always make time to trade not only to make profits, but to widen your experience as well.

[sheenshane]

The safest option is not to trade when you think you’re not prepared for it. Don’t risk your funds by trying to trade when you know you are not that good enough. There’s still a lot of options left to be profitable, or just settle with bitcoin hodling, wherein there is less preparation and is less risky. In the end, you will gain the same  amount of profits if you just hold patiently a good amount of bitcoin.

Though you're right that holding is the best and safest way of making a profit but how will you learn to trade if you do not try on it?
Just accept the fact that trading isn't talking all the time about profit, sometimes you need to lose just to learn the process of trading and that's the sad reality of trading.  Even those people called themselves experts in trading may still experience losses in that field.

If you're aware of all of this, keep in mind that to trade the amount that you can afford to lose.
Think about gambling and trading are almost the same, trading is less risky than gambling if you're an experienced trader.

[Awaklara]

To me that is not correct Trading is all about your proficiency and apprehending and how you control your frights and tolerance, and I think your tough labor amounts to something a lot too.

maybe someone is lucky in the trade made. but that won't happen consistently. but those who have skills and experience in trading can consistently make profits.
what you say is quite correct. but perhaps you can separate the distinction for those who invest and trade. both are something different. Some investors are not skilled at trading. and there is also the opposite, although there are also those who are masters of both.

[shinratensei_]

I am a short-term trader. I make multiple trades within a short span of time. When I book a profit, I move on to another coin for entry. Most of the time, I follow indicators on a 30-minute timeframe to determine the right time to buy a coin. I enter a trade and close it after securing a 3-5% profit. If it seems like there's potential for further profit, I close the trade and aim for more profit.

Following a 30 minute timeframe is not too long for short term trading. I usually only look at 15M-5M for short term or scalping because trades are made faster and more orders are placed.
Timeframes of 30M and above are usually for Medium and long term trading. Determining a profit of 3%-5% is quite standard and don't forget to use a stop loss to stop unwanted losses because it is important. and having reserve funds will be very helpful in an emergency.

i just usually use 1 minute time frame when the coin was freshly listed on the exchange and it prove to be more useful than the other timeframe, it depends definitely on the circumstance of the coin itself if the price fluctuation and price swing was happening so frequently using short time frame might be beneficial.
for those that long term usually longer time frame as you mentioned even looking at the all time high and the all time low already giving good impression about the coin if we about to invest into the coin.
thats the thing being trader just be flexible, if the situation forces us to have either long or short time frame we just follow like water flowing on the river.
because after all we following the market here and try to profit from the price swings.

[Getmon]

That implies trading is difficult as certain people are depicting. We should be practically almost perfect to remain productive or there is no reason to invest sums of money and energy on trading. Each of us has both strengths and weaknesses as we make refinements and transformations to become good traders.

I simply need to be an investor because I have an everyday job and I do not have a lot of hours watching and dissecting the market. I simply purchase Bitcoin and several coins when I have extra from my compensation and hold them.

[Dr.Osh]

if asked what type I am, then I would probably say that I am the type of person who always holds back in the long run. That way, I tend to choose popular trading assets because they have lower risk when held in the long term. Apart from that, I am also the type who does a lot of consideration and research before entering the market. Because I think that when we buy is very important.
However, there is nothing easy about making money, especially if you depend on luck. The truth is that we strive to create opportunities that have great potential.

[Nrcewker]

If you ask me then I don’t do daily trading. You can consider me as a long term investor. I buy assets and hold them for long term. Basically I invest in cryptocurrencies. Moreover in trading you need to get actively involved in the market and watch out the best coins for it. Trading is no doubt the difficult task. Here the money is at risk. One wrong decision, and whole money will be lost. Hence it’s safe and less risky to invest than trade.