The Illusion of Trading Success

[AmoreJaz]

Every place has some rules and strategies before starting trading you have to prepare trading plan and trade accordingly. The entry and exit points of various stocks will be recorded in the trading plan. It is better not to take any new decision during trading hours because there is a high chance of making a mistake. A successful trader also needs to learn about the market throughout his life. Because the market is always dynamic and the winning strategy is also changing.

This is why if you are in crypto trading, everyday is like a learning process for you. Because each alt or coin that you will be dealing with is quite different. Just by the various developers/owners who are behind each project, of course, they have their own plans so to speak. And you will only have idea, if you will keep up with their social media channels. Most of the time, they won't give updates via their official website but you can get hints of what's going on by what they are sharing with their social media. In today's generation, most of the time, you will get info via socmed apps.

[dunfida]

Every place has some rules and strategies before starting trading you have to prepare trading plan and trade accordingly. The entry and exit points of various stocks will be recorded in the trading plan. It is better not to take any new decision during trading hours because there is a high chance of making a mistake. A successful trader also needs to learn about the market throughout his life. Because the market is always dynamic and the winning strategy is also changing.

This is why if you are in crypto trading, everyday is like a learning process for you. Because each alt or coin that you will be dealing with is quite different. Just by the various developers/owners who are behind each project, of course, they have their own plans so to speak. And you will only have idea, if you will keep up with their social media channels. Most of the time, they won't give updates via their official website but you can get hints of what's going on by what they are sharing with their social media. In today's generation, most of the time, you will get info via socmed apps.

Trading is a never ending learning thing on which you would really be able to learn up new things basing up on the market condition that you are really that dealing with.When we do speak on how to deal up with trading then this is something that should really be dynamic or something that should really be versatile because in the moment that you wont really be that having such behavior then you would be having a hard time on making yourself handling into this volatile market. Dont rush yourself on being that profitable because profit making will really be that definitely be coming or would flow on the moment that you are doing the right trading.
Usually the most common mistake on here by those newbies or who do just started trading is that they do really believe that they could immediately get those profits.
Success isnt something that could really be that assure on the moment that you would really be doing trading.

[tygeade]

Currently there is a lot of trading content circulating on the internet, but we have to be able to see whether what they are talking about matches the results they get and it would be better for us to be able to have knowledge about trading first before looking at the content on the internet, because for them The content creators of course have their own goals, but they don't necessarily have trading knowledge and do it themselves. With the knowledge we have, we will certainly be able to reduce the likelihood that we will follow content that is useless and detrimental to ourselves.

Many people have tried to influence many people to understand and follow what they say in the content circulating. Those who lack experience in trading are targeted by some of these content creators. With the aim of trying to blackmail them by offering them to join their group by paying a certain nominal amount that they have to pay to the content creator.

This is of course quite a wrong move, I wouldn't say blackmail is the right way to go, it doesn't really feel like that, but at the end of the day we are talking about something that will not be all too simple, and people who are not careful will end up with a lot of trouble.

Newbies who do not know what they are doing will end up with a wrong move, and they should consider what they are doing as a wrong move as well, it is not that simple and unfortunately too many people find that to be a simple way to make money and they are convinced that these people could end up teaching them how to make money and get rich. These people basically getting fooled to believe what can't be done is actually possible usually ends up losing all their money.

[kentrolla]

Currently there is a lot of trading content circulating on the internet, but we have to be able to see whether what they are talking about matches the results they get and it would be better for us to be able to have knowledge about trading first before looking at the content on the internet, because for them The content creators of course have their own goals, but they don't necessarily have trading knowledge and do it themselves. With the knowledge we have, we will certainly be able to reduce the likelihood that we will follow content that is useless and detrimental to ourselves.

Many people have tried to influence many people to understand and follow what they say in the content circulating. Those who lack experience in trading are targeted by some of these content creators. With the aim of trying to blackmail them by offering them to join their group by paying a certain nominal amount that they have to pay to the content creator.

This is of course quite a wrong move, I wouldn't say blackmail is the right way to go, it doesn't really feel like that, but at the end of the day we are talking about something that will not be all too simple, and people who are not careful will end up with a lot of trouble.

Newbies who do not know what they are doing will end up with a wrong move, and they should consider what they are doing as a wrong move as well, it is not that simple and unfortunately too many people find that to be a simple way to make money and they are convinced that these people could end up teaching them how to make money and get rich. These people basically getting fooled to believe what can't be done is actually possible usually ends up losing all their money.

Newbies goes through all those disappointments because they jump into trading without any basic knowledge or practicing via demi account and the biggest mistake they do is listening to some crypto experts who shares anything and everything for more views as a result newbies instead of understanding the trading concept they follow signals by joining premium channels. Only we ourself can help us by doing proper research and understanding the candles and patterns. I would say practicing at demo account is must.

[Huppercase]

OP is hands down right about this.

There are so many people who will appear in front of you as those who can teach trading when trading is something you can teach yourself. They make their money not by trading but by selling these "promises" and people are ready to eat them because we all need someone to guide us and fear to take the path ourselves.

This industry is unregulated and hence they run rampant and prey on newbie traders. But we can only make others aware of this because these people are after all practicing their free speech.

If it's actually that easy to make money from trading, many content creators on YouTube will not create a single videos but because they know it's not easy and it's easy to teach basic and earn money from content l ads, that's why many of them choose to do the videos instead and then some of them try to make them join Vip trade where they get signal but the reason why many of them don't get casted is because they do it druring bull run when literally anyone can trade own their own.

I just believe that anyone can be a good trader but it's doesn't mean it is always that rossy, even professional traders make losses but because it's normal to lose and hard to make money but the real trees will always stay no matter how difficult the market is, the losses are the ones we see making videos and give advice they can't do by their self.

[Distinctin]

Every place has some rules and strategies before starting trading you have to prepare trading plan and trade accordingly. The entry and exit points of various stocks will be recorded in the trading plan. It is better not to take any new decision during trading hours because there is a high chance of making a mistake. A successful trader also needs to learn about the market throughout his life. Because the market is always dynamic and the winning strategy is also changing.

This is why if you are in crypto trading, everyday is like a learning process for you. Because each alt or coin that you will be dealing with is quite different. Just by the various developers/owners who are behind each project, of course, they have their own plans so to speak. And you will only have idea, if you will keep up with their social media channels. Most of the time, they won't give updates via their official website but you can get hints of what's going on by what they are sharing with their social media. In today's generation, most of the time, you will get info via socmed apps.

As much as the trading market is uncertain and unpredictable, the coins you trade as well cannot guarantee trading profits all the time. That’s the reason why in trading, we should be more cautious on what to trade and if trading this time is favorable, otherwise you will end up trading the wrong coins and trading while the market is not favorable to trade.

Trading has its inevitable challenges. So never stop learning new strategies to win in trading, as thats the only key where you will gain highest advantage to win from your trades.