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Author Topic: Question for experienced traders  (Read 448 times)
SirLancelot
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July 28, 2024, 08:55:02 AM
 #41

I have feeling when we have one experienced trader who is taking good profit from his work will never go for any other way and leave this for investing or related things because this is one of the most interesting thing which is he doing and taking good profit.

But, we still have few other options for the peoples those love to have changes, they can bring changes by having some profit with investing as well but unfortunately this option is not attractive most crypto people.

For the peoples those are having trouble in trading and feel no comfort, they can go through for the option which is surely easy for them. but it needs good intention from them because if they do not keep checking their investments which are they doing for profit, they can also go for the lost and things can go into opposite side. So, if you are having trading or investing you need to stay always alert for keeping things well organized for your safety.

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July 28, 2024, 01:28:35 PM
 #42


Even if you have all the necessary elements to be called a professional trader, there is no guarantee that you will make a profit from trading or that making a profit from trading is easy .  Because even if you use all the knowledge and skills you have, you will never be able to predict unexpected factors, or manipulate...Therefore, there will always be certain risks in trading and making profits from it is not easy .

Bitcoin is unpredictable because there are always unexpected impacts, events, or shark manipulation in the short term. Therefore, to minimize the risks from those things for ourselves, long-term holding will be a much better choice.

On this I will say there is no guarantee too that you will be able to make profits from holding too, because it’s basically a form of trading or rather prediction too but only has less risk compare to the future trading. The unexpected factors or manipulation (although this is for Altcoins)  that you mention are also in the case of holding of coin but the risk is minimal due to its longevity

There is no guarantee of success in both but only past experiences is what derives the believe of investors that they will be able to Make profits investing, same as trading. The Reason for all the technical analysis is just to catch the trend and also check where bitcoin reacted to in the past, with proper risk management as stated you reducing your risk to reward which will make you profits. So with this knowledge you can definitely make Zoe
 Profits from trading.

I'm just saying that choosing to hold will help minimize our risk, I'm not saying that holding will guarantee safety and will definitely be profitable. For me, once it is called an investment and can be profitable, it can also bring risks, nothing is absolutely safe or guaranteed in any market.

We have heard many stories about people becoming rich by investing and holding bitcoin. Have you ever heard of someone becoming a millionaire by trading in bitcoin? I have never heard of any such story and that is why holding is always preferred and encouraged over trading.

By the way, when I say manipulation that includes bitcoin, without exception, bitcoin is also manipulated in the short term. But the level of bitcoin manipulation is less than that of altcoins and shitcoins.

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July 28, 2024, 04:01:23 PM
 #43

On this I will say there is no guarantee too that you will be able to make profits from holding too, because it’s basically a form of trading or rather prediction too but only has less risk compare to the future trading. The unexpected factors or manipulation (although this is for Altcoins)  that you mention are also in the case of holding of coin but the risk is minimal due to its longevity

There is no guarantee of success in both but only past experiences is what derives the believe of investors that they will be able to Make profits investing, same as trading. The Reason for all the technical analysis is just to catch the trend and also check where bitcoin reacted to in the past, with proper risk management as stated you reducing your risk to reward which will make you profits. So with this knowledge you can definitely make Zoe
 Profits from trading.
Trading is different from investing. In investing, we are actively trading or flipping coins to gain a profit but in investing, we are only holding our assets and wait for the bull market to earn a profit. Investing still has some elements of trading once an investor sells their assets for profit. Sometimes, they can just choose to trade it with other assets that are also high in value to make things easy for them.

Both acts are unpredictable but if you have stock a good knowledge about them, you will know what assets to pick and what actions to do to make you more successful with them. Future trading is another variation of a simple trading or also known as spot trading. It's more advanced but a spot trading alone is still more riskier than investing. Manipulations are not only for altcoins or on it's specific type but it happens too in BTC. Their effects for it can only be less though because the supply of BTC is already well distributed and other factors can be a reason for it. Technical analysis is an important part of trading. It's not just what you call existing for a trend.

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August 01, 2024, 08:03:55 PM
 #44

I have feeling when we have one experienced trader who is taking good profit from his work will never go for any other way and leave this for investing or related things because this is one of the most interesting thing which is he doing and taking good profit.

...
It is never that simple, traders can quit even when they are obtaining profits, and this is because trading is a job that is too difficult and too time consuming, since the level of concentration that you need to keep for hours every single day, and in which just taking your eyes a few seconds off the screen can mean the difference between making profits or not is not something that many people can keep doing for decades, so many traders despite the success they are currently having prefer to make a transition and become investors instead.
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August 01, 2024, 11:30:33 PM
 #45

It could be big losses on the stock exchange,fatigue from trading itself or money that allows you to invest in cryptocurrencies and not to trade every day
Maybe you followed the advice of your friends and quit trading
Any stories are interesting Smiley

For someone that have made up their mind to quit trading because of an advise from a friend, that means they can never be a profitable trader. A trader that have made up his or her mind to learn trading should be aware enough that with every hardship comes ease. They just have to face the reality of trading which losses is part of it. If they don’t give up, with time they’ll be able to benefit from it. If you’ve made up your mind in the first place, quitting shouldn’t be an option when a friend advises you to.

Another long term losses someone can quit trading is if he continues to lose in trading but later got married and having children. He will know he has to quit to be a reliable and a responsible father. To quite trading would be a wise choice for this kind of person. This is in accordance to some researches.

The reasons most people quit trading are losses, long term losses and having more responsibility in the family like becoming a husband and a father.

This is the best answer to the question the OP asked. Trading when instilled in someone takes time before one can leave it. A lot of reasons might be there to convince you to leave trading and if that reason isn’t convincing enough, you’ll still want to keep trying and hope that maybe your lucky day will still arrive. There are some responsibilities that when arrived in your life and you want to be seen as a responsible person, you’ll quickly leave trading and focus more on something that will make you profitable after the so much loss you must have incurred from trading.

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Fara Chan
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August 01, 2024, 11:37:58 PM
 #46

        -     For your information, crypto trading is very broad. If I base it on my experience, I first faced frequent losses before reaching the point where I usually get a profit.

Because even though you know a lot about trading, there are still arguments when it comes to technical analysis, which is very different when it comes to the actual trading activity itself.
Debate will always exist normally as long as there are new methods that emerge and can be used in trading with the aim of making it easier for every trader to carry out the trading itself. Because loss and profit are very natural things and are indeed easier for us to find in trading so that it actually doesn't need to be discussed other than just about new methods and technical analysis that are still used so far by most traders until whenever.

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August 01, 2024, 11:58:25 PM
 #47

What you should mentioned  are somehow the possible reasons why a long term trader end up quitting. As long as they are not profiting anymore from trading, then quitting is never a bad decision. After all, trading is not the only option that can give us satisfying and long term profits, buying and hodling are also capable of giving us excellent profits.

However, I can’t be certain with these reasons since until now I’m still trading at some point. Although not really often, but I’m still not quitting trading. But if trading could mean giving me a hard time in living life at its fullest, and is making me emotionally and mentally unhealthy, then I would also end up quitting trading without a doubt.

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