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Author Topic: Trading isn't just a game of skills  (Read 67 times)
Mr Reporter (OP)
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Today at 12:14:55 AM
 #1

Few days back I told a close friend that I was a trader when he ask me what I do for a living? When he had me say the word trader, before I could no turn to my left I saw the look on he face...

And from that day he started watching me closely where I live how expensive it's, the car I drove, the clothes I wear, the places I eat and he also was expecting to see more of the luxurious lifestyle that was going through his head...

To me I feel if people don't see this material things of life they just make a fast conclusion which will say "You are a profitable trader without this materials" why is this so?
 
What they will never understand is that skill being the vital factor in trading isn't just enough, and also one thing a have come to learn about trading for the pass 2year is that once  you conquer the game of skill I gust you are at the top.....

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Today at 12:27:43 AM
 #2

I don't mean to be disrespectful mate but why not try using AI tools like grammarly, Quillbot etc that hence your grammar because I couldn't stop faulting each paragraph.

BTW, lots of people are fascinated by the internet or social media lifestyles, you too might be looking at yourself one way or the other as someone who isn't trying enough in your trading skills and profit maximisation if you keep listening to what others say or their opinion of how you should live your life. since lots of traders (influencers) show off their luxurious lifestyles acquired through trading, the internet (naysayers) only sees trading to be aligned with the luxury and if you say you trade and you ain't got lots of luxury as others you will be classified as one who is not always profiting or isn't a good trader.

And to an extent they are right too including your friend, if you're surely as profitable as other traders who show off their luxuries online you would be doing the same. So it's another reason you should up your game.

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Today at 02:18:40 AM
 #3

(....)
 
What they will never understand is that skill being the vital factor in trading isn't just enough, and also one thing a have come to learn about trading for the pass 2year is that once  you conquer the game of skill I gust you are at the top.....
Indeed, how good you are in trading is different from how you show off in real life, like what physical things people see to you. Some people will judge you and doubt of you being a trader because on what they see on you physically.

I also have a friend like this, he quit his full-time job like 5 years ago. and he is just trading cryptocurrency from their home, he already got his car and living comfortably. I admire him and am happy for him always as I'm the one who introduced cryptocurrency before.

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Today at 03:36:49 AM
 #4

(....)
 
What they will never understand is that skill being the vital factor in trading isn't just enough, and also one thing a have come to learn about trading for the pass 2year is that once  you conquer the game of skill I gust you are at the top.....
Indeed, how good you are in trading is different from how you show off in real life, like what physical things people see to you. Some people will judge you and doubt of you being a trader because on what they see on you physically.

I also have a friend like this, he quit his full-time job like 5 years ago. and he is just trading cryptocurrency from their home, he already got his car and living comfortably. I admire him and am happy for him always as I'm the one who introduced cryptocurrency before.
That the story of many forum member, becoming independent and developing skills over the years that make them grounded with skills that put them at advantage and in profits at all time, much more also the fact meeting up they needs and living a comfortable life, this comes with alot if sacrifice because building trading skills is not an easy task and does require long term of active trading with both good and bad experiences.

So instead wishing to be like the successful trader, I think working to build your own skills, and trading tactic will make a more independent trading mindset, cryptocurrency trading is highly technical and requires alot of skills and experience to be able to make a considerable profits.

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hd49728
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Today at 03:51:36 AM
 #5

To me I feel if people don't see this material things of life they just make a fast conclusion which will say "You are a profitable trader without this materials" why is this so?
 
What they will never understand is that skill being the vital factor in trading isn't just enough, and also one thing a have come to learn about trading for the pass 2year is that once  you conquer the game of skill I gust you are at the top.....
Trading is not a game, you are not playing with your money if you are serious in financial management.

A professional trader considers it as a job, severe job because no professional trader wants to lose trading capital that is what they consider as most important. Of course they want to get profit but securing their original capital is most important. If they can defend their trading capital, they are safe and always can find other opportunities to get profit.

Game? Only amateur traders consider trading as a game and they lose money by "Playing games".

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Today at 05:42:18 AM
 #6

To me I feel if people don't see this material things of life they just make a fast conclusion which will say "You are a profitable trader without this materials" why is this so?

Hahahhaha So tell your frennn I don't really care about the luxurious style what I care is the green PNL hahhaha, seriously tho ton of people when they hear word "finance" "crytpo" "stock" "trading" they will most likely to look at you and said you must be rich.

But in reality yes there are some people are rich from it with glamour lifestyle but there is also a people who live same like everybody else

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Today at 06:39:00 AM
 #7

[...]
Game? Only amateur traders consider trading as a game and they lose money by "Playing games".
"It depends".
I'm right there with you: professional traders certainly don't see trading as a game.
But 99% of the traders out there (including us) are not professional traders and never will be. So for me, trading is definitely a game, just like when I play various games in the casino or place sports bets. I can win, but I know that sooner or later I will lose - at least most likely.

But it's worth the money to me and it makes me feel entertained. So I'd much rather spend my money on trading than going to the movies - I certainly don't have the chance to win anything there Wink

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Today at 06:52:37 AM
 #8

Trading can indeed be profitable if you have the skills, but it’s definitely not for everyone. Your friends might have been inspired by your success, but if they don’t have the necessary skills, it’s better for them not to attempt it as they might end up losing money. Many people have a wrong perception of trading. When they see someone succeeding, they think it’s easy to replicate, but in reality, it’s a long-term process.

Some people even invest in HYIPs and end up getting scammed. Your success didn’t happen overnight- it’s a result of years of hard work, learning from mistakes, and gradual skill development. Your past struggles and errors have helped shape you into the skilled trader you are today so they need to understand the process.

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Today at 08:30:46 AM
 #9

Few days back I told a close friend that I was a trader when he ask me what I do for a living? When he had me say the word trader, before I could no turn to my left I saw the look on he face...

And from that day he started watching me closely where I live how expensive it's, the car I drove, the clothes I wear, the places I eat and he also was expecting to see more of the luxurious lifestyle that was going through his head...

To me I feel if people don't see this material things of life they just make a fast conclusion which will say "You are a profitable trader without this materials" why is this so?
 
What they will never understand is that skill being the vital factor in trading isn't just enough, and also one thing a have come to learn about trading for the pass 2year is that once  you conquer the game of skill I gust you are at the top.....
It's very much simple to understand where the guy in question is coming from bro, people will mostly judge you on how you dress, looks and what kind of lifestyle you can afford, to be able to know if you are successful in what ever you are actually doing or not, because it's very much logical that you can't be telling me that you are a successful  trader and you look hungry, tattered or unkept, you don't actually have to look too expensive by your looks, but you just have to look ok to me, so in my own opinion, it's a general thing.

And as for the last paragraph, yes, it's actually true that in trading having the required skills is just not enough to be successful, you need to master how to control your emotions, while having the required level of patience in other to be successful, because knowledge on technical and fundamental analysis alone is not just enough to be successful in the craft, but being perfect is actually not possible in trading, because you will definitely have a bad day even as a profitable trader.

R


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