Hope for the best, but expect the worse!

[Dr.Bitcoin_Strange]

The crypto market is entirely dynamic and I believe that the first thing a trader should know about is the dynamic nature of the market. If someone is devoted to learning how to trade, they can make more profit because they can now use a combination of some trading tools to make an accurate prediction, though it might not be 100% accurate but there are some traders that doesn't risk too much to enter a position that they are not very certain on making profit. In trading, it good to continue learning because the advantage of continuous learning is that you can not have dozens of losses.

[Wind_FURY]

The crypto market is entirely dynamic and I believe that the first thing a trader should know about is the dynamic nature of the market. If someone is devoted to learning how to trade, they can make more profit because they can now use a combination of some trading tools to make an accurate prediction, though it might not be 100% accurate but there are some traders that doesn't risk too much to enter a position that they are not very certain on making profit. In trading, it good to continue learning because the advantage of continuous learning is that you can not have dozens of losses.

We have seen that sort of posts many times before in BitcoinTalk, but to those who make such posts, who from this topic actually make money from "trading"? Pardon me for saying this, I believe NONE because it takes long term data to actually determine if a person is actually a profitable trader. Merely two or three years of data doesn't determine profitability. That's a mere average length of a cycle.

[mirakal]

>>this is a kind of proverbial statement , which highlights different aspects of life too other than trading.
But in trading and as a trader it's helps you be a bit rational and less irrational in decision making, rather than being emotional when you have losses in trading, you should actually see it as something that's always meant to happen. Its like a learning process that never ends.
Anytime you trade always be self prepared for losses, but at the same time keep your hopes high for  positive results.

Emotional stress is certain in trading, which many traders find difficult to manage. Indeed, hope remains for all traders, but failure seems possible to happen as well, causing major losses. As traders, we should never make rushed decisions but rather analyze and plan well. Positive results come from positive market responses as well. If we want to succeed, then make ourselves ready for anything to happen and anticipate losses. Although we can't escape from losing, we are using only our extra money to ease the situation. 

Understanding clearly how trading works makes a trader accept reality. But those who are not will find reason to blame the market. 
In the end, we don't just hope for the best; we also do something to improve our trading skills. 

[ethereumhunter]

Losing your emotion in trading will makes you can not think clear and can not analyze the market. That will gives you difficulty to know when the right time to enter and quit trading because your minds can see that opportunity. Besides of learning trading, you must also learn about self control so you will not lose control of your emotion because the market movement can makes you should think fast before you decide. Before you trade you must prepare yourself from the lose because you can not always make a profit from trading as the market movement can make you confuse to analyze where the market will moves. That will be never ends of learning because crypto market will always moves and will not gives the same move so you must always learn to improves your skills to be better.

[goldkingcoiner]

>>this is a kind of proverbial statement , which highlights different aspects of life too other than trading.
But in trading and as a trader it's helps you be a bit rational and less irrational in decision making, rather than being emotional when you have losses in trading, you should actually see it as something that's always meant to happen. Its like a learning process that never ends.
Anytime you trade always be self prepared for losses, but at the same time keep your hopes high for  positive results.

Both profits and losses belong to the trading game. What makes the difference is the net profit/loss. A good trader has a net profit. A beginner trader will probably only usually make net  losses. (Which is why trading on a practice platform with practice money is best for beginners)

[pawanjain]

>>this is a kind of proverbial statement , which highlights different aspects of life too other than trading.
But in trading and as a trader it's helps you be a bit rational and less irrational in decision making, rather than being emotional when you have losses in trading, you should actually see it as something that's always meant to happen. Its like a learning process that never ends.
Anytime you trade always be self prepared for losses, but at the same time keep your hopes high for  positive results.

That's a positive mindset which will help you a lot in the long run.
There are a lot of people who get deceived seeing losses in their trades but we must know that it is bound to happen at some point of time.
We won't get to learn new things if we don't lose right and so we must take losses as a fees to get the new lesson.

[Zanab247]

You want to enjoy your trading to remain in profit earning, make sure you eliminate emotion and fear from your trading because those are some of the things that make some traders to experience losses in their trading which they are capable to put an end to it. If you can be able to control your emotion and fear, you can maintain winning in your trading without loss because I have seen many traders who have eliminated emotion and fear from their trading to remain in profit earning in trading.

Well, if your loss is higher than your profit in crypto trading, I will advise you to find solution to those things that is making you not to maximize profits in trading because if you fail to make a positive change at the moment, it will continue to happen to you to experience the worse from crypto trading.

[Dr.Bitcoin_Strange]

The crypto market is entirely dynamic and I believe that the first thing a trader should know about is the dynamic nature of the market. If someone is devoted to learning how to trade, they can make more profit because they can now use a combination of some trading tools to make an accurate prediction, though it might not be 100% accurate but there are some traders that doesn't risk too much to enter a position that they are not very certain on making profit. In trading, it good to continue learning because the advantage of continuous learning is that you can not have dozens of losses.

We have seen that sort of posts many times before in BitcoinTalk, but to those who make such posts, who from this topic actually make money from "trading"? Pardon me for saying this, I believe NONE because it takes long term data to actually determine if a person is actually a profitable trader. Merely two or three years of data doesn't determine profitability. That's a mere average length of a cycle.

Well, we can not determine how many people that made success from trading after making this post but I can say for sure that I know of a guy, he worship in the same church with me, he paid to a forex company for eight months training on how to trade and today as I speak, his only occupation is trading and he is making a living out of it.

I do trade but that's not my only focus and because I don't give it much time, I can't say am too profitable at it.

[shawonngp]

Trading is not seems for only profit machine, who start trade of course knows that profit and loss both expected in trading. Loss is also part of trading, why do we lose in crypto trading? surely there is a loss due to any wrong step, without mistakes how a beginner trader will become experience trader, mistakes can help to learn trading.

[South Park]

>>this is a kind of proverbial statement , which highlights different aspects of life too other than trading.
But in trading and as a trader it's helps you be a bit rational and less irrational in decision making, rather than being emotional when you have losses in trading, you should actually see it as something that's always meant to happen. Its like a learning process that never ends.
Anytime you trade always be self prepared for losses, but at the same time keep your hopes high for  positive results.

This is a very well known proverb and yet one that is not applied too often, and this is because many people do not even consider the possibly of things not happening exactly as they want, which is odd, as I doubt that anyone has experimented the kind of life in which everything goes their way, however for some weird reason they expect the markets to be some sort of exception to this and somehow they are able to win their trades all the time.

[Adbitco]

>>this is a kind of proverbial statement , which highlights different aspects of life too other than trading.
But in trading and as a trader it's helps you be a bit rational and less irrational in decision making, rather than being emotional when you have losses in trading, you should actually see it as something that's always meant to happen. Its like a learning process that never ends.
Anytime you trade always be self prepared for losses, but at the same time keep your hopes high for  positive results.

But people fails to understand that of trading instead they think it's a bed of roses where if they venture they boom immediately without even having incurred any lose, and of course anyone who must trade should as well prepared to lose because no has a clean records without loses in their history of their journey to trade.

[alastantiger]

>>this is a kind of proverbial statement , which highlights different aspects of life too other than trading.
But in trading and as a trader it's helps you be a bit rational and less irrational in decision making, rather than being emotional when you have losses in trading, you should actually see it as something that's always meant to happen. Its like a learning process that never ends.
Anytime you trade always be self prepared for losses, but at the same time keep your hopes high for  positive results.

Having a loss and seeing it as something that was meant to happen isn't that good because it wouldn't motivate you to practice further so you don't have lose again. See losses as a motivation to improve on your trading strategy so that you don't make mistakes that'll make you to lose again. For every loss that you have, you can avoid it and make it turn into a profit. To become an expert at trading, you have to minimize how you get your trades wrong. Hope for the best and plan your trade well so the best can come to you. Trading is more of your mindset and thinking negatively isn't going to help you to have better outcomes from your trades.

You can predetermine the outcome of your trade hence the ball is in your control and you have all the necessary information to use to your advantage. Don't be a negative thinker but always tell yourself that you can get the best results from your trade and it'll happen.

[_BlackStar]

-snip-

Having a loss and seeing it as something that was meant to happen isn't that good because it wouldn't motivate you to practice further so you don't have lose again. See losses as a motivation to improve on your trading strategy so that you don't make mistakes that'll make you to lose again. For every loss that you have, you can avoid it and make it turn into a profit. To become an expert at trading, you have to minimize how you get your trades wrong. Hope for the best and plan your trade well so the best can come to you. Trading is more of your mindset and thinking negatively isn't going to help you to have better outcomes from your trades.

You can predetermine the outcome of your trade hence the ball is in your control and you have all the necessary information to use to your advantage. Don't be a negative thinker but always tell yourself that you can get the best results from your trade and it'll happen.

My advice - don't make mistakes as motivation, but make them as the most valuable lessons. Motivation can come from various sides - insults, ridicule, being underestimated are some things that should be able to arouse motivation to achieve the best.

Learning from mistakes is the best way to avoid making the same mistakes. It can be hard sometimes, but it doesn’t mean you have to fail forever. Adjusting your strategy should also be done if the previous strategy doesn’t work, so keep trying to achieve your goals even if you have to fall more than once. But always remember - don’t think you can get consistent profits in trading, it’s almost impossible.

[GigaBit]

In case of taking a trade, a trader has to take the trade by accepting the risk. No one can definitely guarantee his trade but he has to take risk. There are many traders who live on emotions and trades influenced by emotions in taking trades which must be avoided. There are also many who trade depending on the signals given by others without any fundamental analysis, which can be a big mistake for a trader. The trading platform is a hub of knowable individuals. Here you have to be successful by using your own skills and necessary trading knowledge. Sometimes a trader after getting profitable can't withdraw his profit from his trade at the end because there he increases the expectation which is also abandonment. Withdraw profit from a certain level. The tendency to make excessive profits should be avoided otherwise one would be exposed to losses in spite of profits.

[laijsica]

Reviewing market price movements and making decisions is always based on guesswork, but should be traded in small amounts to educate yourself through trading so that financial loss or profit trends with experience. Choosing the right currency should be followed by expert advice to avoid losses. It should not be considered that you will lose every time so that you can be more motivated and continue to accumulate more from market dips. Rather than determining bearish and bullish price differences, one should continue to make regular deposits by choosing the right currency to increase the chances of getting higher profits.

[Wind_FURY]

The crypto market is entirely dynamic and I believe that the first thing a trader should know about is the dynamic nature of the market. If someone is devoted to learning how to trade, they can make more profit because they can now use a combination of some trading tools to make an accurate prediction, though it might not be 100% accurate but there are some traders that doesn't risk too much to enter a position that they are not very certain on making profit. In trading, it good to continue learning because the advantage of continuous learning is that you can not have dozens of losses.

We have seen that sort of posts many times before in BitcoinTalk, but to those who make such posts, who from this topic actually make money from "trading"? Pardon me for saying this, I believe NONE because it takes long term data to actually determine if a person is actually a profitable trader. Merely two or three years of data doesn't determine profitability. That's a mere average length of a cycle.

Well, we can not determine how many people that made success from trading after making this post but I can say for sure that I know of a guy, he worship in the same church with me, he paid to a forex company for eight months training on how to trade and today as I speak, his only occupation is trading and he is making a living out of it.

I do trade but that's not my only focus and because I don't give it much time, I can't say am too profitable at it.

How many years has he been a "trader"? Plus if he's trading stocks/forex, is he outperforming the S&P-500? If he's trading cryptocurrencies, is he outperforming Bitcoin? There should be a large sample size of his trading data to determine if someone is truly positive. Anecdotal evidence is useless.

I'm not trying to nit-pick, but respect to his success if he can continue to be profitable and outperform for the next 10 years.

[Septex]

It is important to accept that there is a possibility of such losses in trading. Because as a trader it seems inconceivable that you would trade without having a loss mindset. Because no matter how skillfully one trades here, the chances of losing here are several times higher than the chances of winning. No matter how well the market is analyzed now, very few people can predict what is really going to happen in the future and most of them lose some part of their capital at one time or another. However, there are many examples of people who have benefited from trading. So as a successful trader you have to start trading with the mentality of losing as well as profiting and how to overcome from here. Otherwise, success will not be possible.

[jaberwock]

How many years has he been a "trader"? Plus if he's trading stocks/forex, is he outperforming the S&P-500? If he's trading cryptocurrencies, is he outperforming Bitcoin? There should be a large sample size of his trading data to determine if someone is truly positive. Anecdotal evidence is useless.

I'm not trying to nit-pick, but respect to his success if he can continue to be profitable and outperform for the next 10 years.

I have known a guy who has been a trader in stocks for over ten years before he got into crypto in 2018, which means that he started in stock trading at around 2005-2006, and he did had some trouble during 2008 to be fair, but by the time he got into crypto at 2018, he was already decent at trading. Then he started to trade at crypto and for him it was so simple and he made millions, a few millions to be exact.

But he is not a greedy person, he turned all his earnings into bitcoin, then cashed out half of it, and he has about a little bit over a million dollars, close to one and a half million dollars in bitcoin and about the same in fiat, and just retired without much issues, it has to be very careful without a doubt. We need to keep holding as much as possible to be like them and keep trying, with enough experience we are going to start making money the way they make and that's the important part, just being a consistent person to do that.

[Jegileman]

>>this is a kind of proverbial statement , which highlights different aspects of life too other than trading.
But in trading and as a trader it's helps you be a bit rational and less irrational in decision making, rather than being emotional when you have losses in trading, you should actually see it as something that's always meant to happen. Its like a learning process that never ends.
Anytime you trade always be self prepared for losses, but at the same time keep your hopes high for  positive results.

You are taking about emotions. This is one of the reason most trader fail in trading and accrue more losses than win which eventually makes them to leave the market early than expected. The market is very volatile and has many factors that it considers in making it moves, if you’ve learned about the market very well and understand those factors when they come and when they play an important role in the market, you’ll see your trading game getting better and you’ll begin to see good results. With such results, your emotions would have by that time beginning to be controlled and perfected by you into not making too many mistakes or error in decision making in the future while trading. Losses cannot be avoided but they can be mitigated, what you’ve learnt and how your emotional impact towards the market has improved will also determine how your winning rate will be. In this stage, the hope you’re hoping for will already with you.

[Natalim]

Yeah thats pretty much what most people need to realise. But people never have this mind set.

Even now, we got tons and tons of BTC flows with all the ETFs but bitcoin still hasnt broken the ATH and we broke $60K earlier. People were all hoping for bitcoin to be at least $100K, especially by the amount of flows which are coming out of the spot markets and staying on the ETF books for a long time. Less supply means thats prices should be higher. However that is not the case here.

So like you said, hope for the best but expect the worse. Hopefully we dont get a repeat of August 5th.

If you have been a long time trader, you will come to understand that there would always be inevitable losses in trading no matter how good you are as a trader. That's something that we can't take the full control while trading in an unpredictable market.

However, if we are potentially skilled and has working trading strategies, despite of the reality that trading could make you lose at some point, but know for sure that your gains will outnumbered your losses, that is if you are a good and successful trader.