Is it possible to become a master in trading?

[The Cryptovator]

Do you think trading is very easy? Either you consider trading a business or not, it's always risky. We can't really forecast about trading what's going on in the next hours. We can just read and analyse the previous chart and trade from the idea only. There is no guarantee you can make money. You might lose as well from the trading. So you must be aware of potential risks, and funds should be managed accordingly.

If trading was so easy, like you said, then we could become millionaires shortly. Don't forget when you are buying then someone selling on the other hand. So, there will always be someone who is a loser, and there is no guarantee that losing won't be you. We must spend a lot of time studying about trading and learning. We can take lessons from the past from our mistakes, so we can take action accordingly.

[Ziskinberg]

Do you think trading is very easy? Either you consider trading a business or not, it's always risky. We can't really forecast about trading what's going on in the next hours. We can just read and analyse the previous chart and trade from the idea only. There is no guarantee you can make money. You might lose as well from the trading. So you must be aware of potential risks, and funds should be managed accordingly.

If trading was so easy, like you said, then we could become millionaires shortly. Don't forget when you are buying then someone selling on the other hand. So, there will always be someone who is a loser, and there is no guarantee that losing won't be you. We must spend a lot of time studying about trading and learning. We can take lessons from the past from our mistakes, so we can take action accordingly.

Reality is, trading is so much uncertain and unpredictable, and no matter how you focused on it, there’s still no assurance that you will be in profits until the end. Even those highly experienced traders are still having those inevitable losses no matter how they have tried to master trading. One can master trading, but he won’t still be exempted from getting losses and experience lows from trading.

The only key here I can find to make your trades succeed in the end, just be consistent on your trades and manage your funds wisely. Trading may not make you highly profitable in the end, but rest assured you are not also losing too much on your funds. So it’s learning how to balance your trading expenses and managing your funds accordingly.

[mich]

Well I do understand for new traders that want to become masters in trading. But for trading it is hard for the investor to find the best entry point and time to exit.
I do think we can make some profit if we trade but not to make it our only way to make income. There is alot of investors that lose alot of their capital. More than do make money becoming a master trader.

[Oluwa-btc]

If you are TRULY treating trading as a business,there is no doubt that you will be sticking to your plan 95% of the time.Because that’s how you scale the business.You don’t scale the business by taking trades that doesn’t make sense or are illogical.You scale by executing trades that are logical and follow your system.

The mind once expanded by a new idea,never returns to it’s original dimensions.once you stop doing GAMBLING TRADING and start doing trading which follows a system that works,there’s no looking back.

We are all aware that business is entirely different from trading but you can't compare the losses you get from trading to that of a business, but then if you chose to take trading as a business there's no problem cause some persons actually see gambling as a business amidst the fact that they get high counts of losses and as well get addicted so it's possible for trading as well but it's demanded that you be very watchful of your trades and again be patient enough to understand that it's not a get rich quick scheme.

[tottong]

We are all aware that business is entirely different from trading but you can't compare the losses you get from trading to that of a business, but then if you chose to take trading as a business there's no problem cause some persons actually see gambling as a business amidst the fact that they get high counts of losses and as well get addicted so it's possible for trading as well but it's demanded that you be very watchful of your trades and again be patient enough to understand that it's not a get rich quick scheme.

In the context of similarity it is clearly different because business and trading have different levels of risk.
If someone treats trading like a business and they do not have good knowledge then it will not last long because every time we trade we need money and if someone is losing continuously then it is impossible to stay in that position.
Trading plays on psychology and tends to force someone to see the potential to enter or take profit and if the trading skills are bad then it will be problematic.

The biggest mistake because some people think they can get rich in a short time in trading so they force to achieve it all with limited knowledge and end up losing.

[hd49728]

In the context of similarity it is clearly different because business and trading have different levels of risk.
If someone treats trading like a business and they do not have good knowledge then it will not last long because every time we trade we need money and if someone is losing continuously then it is impossible to stay in that position.

You will never be good at something only by learning that is good but not enough. Without knowledge, you are like a blind person wants to try, bet and wait for luckiness to succeed. There is very small chance or nearly impossible to succeed like this, without knowledge, be greedy enough, and ready to take high risk.

The principle is you must learn first, practice a lot, before you can master in something and start to succeed and in trading it's time to get profit. However, trading is more dangerous, and even you have knowledge, experience in trading, you can still be a loser and can not be a winner because in a market, 80% or up to 90% of traders lose money in trading.

Trading plays on psychology and tends to force someone to see the potential to enter or take profit and if the trading skills are bad then it will be problematic.

Mastering the psychology of market cycle is a good start with learning, to help you control your emotion and psychology better in this volatile market.

The biggest mistake because some people think they can get rich in a short time in trading so they force to achieve it all with limited knowledge and end up losing.

They will understand that they are wrong with their trading experience, and with money loss in trading.

[Strongkored]

When someone jumps into trading, what is on their mind is certainly not becoming a master in trading but how to make a profit with the capital they have, whether it is big or small, because that is the main target of a trader. Thinking about becoming a master will actually interfere with what is actually the main target of the trader, even when the target is to get profit, it is not easy, let alone becoming a master, and in my opinion becoming a master is more about theory, while a good theory without proper implementation will result in disappointing results, so just focus to gain profit not to be a master.

[bitbollo]

if you have the chance to talk with "real" traders you will shocked about how much skills and studies they have done for being at that point.
mostly they are earning high amount of money, trading with money of others (like asset funds and so on).
anyone could become a professional trader but for sure not reading a random ebook online or maybe watching a video that shows you some "hidden secret"...

[Lanatsa]

if you have the chance to talk with "real" traders you will shocked about how much skills and studies they have done for being at that point.
mostly they are earning high amount of money, trading with money of others (like asset funds and so on).
anyone could become a professional trader but for sure not reading a random ebook online or maybe watching a video that shows you some "hidden secret"...

You would be able to find up tons of these things on Youtube on which showing or having those title that how to make use of this strategy to make money in the markets blah blah.  
Even into those telegram groups on which you've been able to see tons of these things on which it do even required up some fees for you to be able to have some access on which you can actually be able to get it for free or without any charges. Actually learning up tools and resources will really be that already available online and it will really be that up to you on how you will be finding out these information's on which you can be able to study on with. Mastery is something that pertains or talks about that long time dealing and tons of efforts being put up. This isnt something that you can be able to done it overnight but rather it will be that talking about years of dealing and experience.

There are those professional traders out there on which this do simply proves out that this is indeed that possible on which this will really be that needing up that sufficient time and efforts on which you will be needing up to put up with or else you will be not that going any far on this one. So it will really be that totally basing up on how well you do tend to make up such dealing. If you are really that serious
on learning up trading skill then it will really be just that right that you should really be that serious on dealing on with because if you are really that just that been idle then you wont be having that kind of enhancement and development with your trading skills.

[Franctoshi]

A ton of lessons to take away for that.
Let me tell you the simplest way.
You can only master trading or become master in trading when you will start treating it as a business.The day you start treating trading as a business,maximum problems will vanish.

Ask yourself do you actually treat trading as a business? Or are you convincing yourself that you are treating it as a business.For most of the people,treating trading as a business doesn’t clicks.Because if you go through your trades and cross-check them,you will begin to realize that for most of the trades you don’t stick to your plan.

And if you don't treat trading as a business  you are not trading rather you're gambling the market, I went to a seminar and man asked a question,
If someone can place a trade and do other things,  the man replied and said to him, would you leave your shop open and go out so that anyone that comes in will sell to him/herself ? He said no, the Mentor said do same thing when you're trading,  however it doesn't necessarily means you have to stay whole day looking at the chat but have to monitor your trades because of the changing market situations.

[Distinctin]

I stick to my plan few weeks ago but I lost. It is important for people to know that trading is very risk. Some people will continue to trade and lose is the reality.

If you have been trading for like 2 years and you are losing, it is high time you need to stop trading.

Holders are also making money. Swing trading is good.

Patience is good.

You can take trading as business and still emotional may let you change your plan. It is easy to say but hard to do.

You won’t be called a trader if you don’t experience losses. Now the challenge is if you can endure those losses until you find yourself a master trader. Because admit it or not, even professionals and master traders are still prone to losses, I guess that’s the biggest challenge when you’re trading with an unpredictable market.

It’s not more on mastery about trading, but it’s all about avoiding those losses while increasing your potentials to be a profitable trader.

[tottong]

You will never be good at something only by learning that is good but not enough. Without knowledge, you are like a blind person wants to try, bet and wait for luckiness to succeed. There is very small chance or nearly impossible to succeed like this, without knowledge, be greedy enough, and ready to take high risk.

The principle is you must learn first, practice a lot, before you can master in something and start to succeed and in trading it's time to get profit. However, trading is more dangerous, and even you have knowledge, experience in trading, you can still be a loser and can not be a winner because in a market, 80% or up to 90% of traders lose money in trading.

Knowledge will be obtained when someone wants to learn and it is impossible for knowledge to be much better when someone is not serious about learning to understand something they want to achieve.
Sometimes people try to do something different from others but on their journey they fail, most things like this happen because they don't understand something well before trying to do it.

Trading is indeed quite risky but that doesn't mean it can't be learned, the principle is as you said because the most important thing is to understand and know how to minimize it because we know that trading cannot guarantee profits at all times so we must be able to make adjustments.
Most people who fail in trading generally don't have a method to run and most of these people force themselves to make a profit in a short time.

[Rgram]

A ton of lessons to take away for that.
Let me tell you the simplest way.
You can only master trading or become master in trading when you will start treating it as a business.The day you start treating trading as a business,maximum problems will vanish.

Ask yourself do you actually treat trading as a business? Or are you convincing yourself that you are treating it as a business.For most of the people,treating trading as a business doesn’t clicks.Because if you go through your trades and cross-check them,you will begin to realize that for most of the trades you don’t stick to your plan.

If you are TRULY treating trading as a business,there is no doubt that you will be sticking to your plan 95% of the time.Because that’s how you scale the business.You don’t scale the business by taking trades that doesn’t make sense or are illogical.You scale by executing trades that are logical and follow your system.

N/B: It’s very easy to think you understand something,but once you begin to ask yourself the questions,you dig into the real answer and that’s where the true growth lies.

The mind once expanded by a new idea,never returns to it’s original dimensions.once you stop doing GAMBLING TRADING and start doing trading which follows a system that works,there’s no looking back.

It is true to stick to your tracing plan and treat trading like a business,
But is adapting to the market when it’s algorithm changes for a period of time just like it is now in the market GAMBLING..?

[Arenga pinnata]

A ton of lessons to take away for that.
Let me tell you the simplest way.
You can only master trading or become master in trading when you will start treating it as a business.The day you start treating trading as a business,maximum problems will vanish.

Ask yourself do you actually treat trading as a business? Or are you convincing yourself that you are treating it as a business.For most of the people,treating trading as a business doesn’t clicks.Because if you go through your trades and cross-check them,you will begin to realize that for most of the trades you don’t stick to your plan.

If you are TRULY treating trading as a business,there is no doubt that you will be sticking to your plan 95% of the time.Because that’s how you scale the business.You don’t scale the business by taking trades that doesn’t make sense or are illogical.You scale by executing trades that are logical and follow your system.

N/B: It’s very easy to think you understand something,but once you begin to ask yourself the questions,you dig into the real answer and that’s where the true growth lies.

The mind once expanded by a new idea,never returns to it’s original dimensions.once you stop doing GAMBLING TRADING and start doing trading which follows a system that works,there’s no looking back.

I prefer to call it seriousness and self-discipline in trading that will bring us closer to getting more consistent profits. Many only trade for additional income and hope to get quick profits to increase their pocket money from trading. But if we are more serious about trading and think of trading like a big business that must be run very carefully then the percentage of success could be higher. Compared to people who only trade because they follow the hype and only make trading as a side business. In my country there are teenagers aged around 18 years who have been successful as traders. He has become a billionaire today thanks to his successful trading. And when he was asked how to become a successful trader like him? then the answer is quite short and concise. That is, if we want to be a successful trader, we must be total in trading itself. So we must make trading the sole focus of our work. And you can't do it half-heartedly.

[|MINER|]

I prefer to call it seriousness and self-discipline in trading that will bring us closer to getting more consistent profits. Many only trade for additional income and hope to get quick profits to increase their pocket money from trading. But if we are more serious about trading and think of trading like a big business that must be run very carefully then the percentage of success could be higher. Compared to people who only trade because they follow the hype and only make trading as a side business. In my country there are teenagers aged around 18 years who have been successful as traders. He has become a billionaire today thanks to his successful trading. And when he was asked how to become a successful trader like him? then the answer is quite short and concise. That is, if we want to be a successful trader, we must be total in trading itself. So we must make trading the sole focus of our work. And you can't do it half-heartedly.

Actually, when a new version of trading looks at it from the outside, trading seems like nothing more than buying and selling through taps. And that's why most people who are beginners in trading don't take it this way and just follow trading or hype trading and as a result they face losses and they think that it is never possible to build a career in trading. In fact, if someone wants to trade without acquiring trading analysis skills, I would say that it is logical.
Moreover, it's not just enough making your mind set to trading like a business, because even people are doing business day also face losses. So I would like to say when you want to take tradin as your career you must aquire all the analysis knowledge and as well you also must keep in mind that where you will go for trading also must have face loss and that is why you should always start with small amount and as well don't lose your hope, take lession from your loss and try to not do the same mistake in the next time.

[Jegileman]

Trading is very risky because you are gambling with the price wave of bitcoin, which is a 50-50 chance of making profits in the long run. Trading is not a most for those of us that cannot make profit but only losses. Sticking to your plans does not guarantee that you will make profit, because the market might go against you. Trading is not business, since in business profits can be guaranteed.

In trading, there is a high tendency that you’ll be on the winning side more often because of the knowledge you’ve garnered about the market. Trading is not business that can guarantee you profit, it is just a term some people use for it not to show too much interest in it, but for those that view it as one, they make sure they’re careful and make the best of their time to get good returns in their trades. Trading is not for the faint hearted but at the same time, when you’re able to make the best out of your time to become a good trader, you’ll earn from it more than the losses you’ll incur because of how well you’ve built yourself and the type of viewpoint you’re looking at your trading from.

[Dzwaafu11]

Why do you want to become a master in trading? What do you need such title for? Do you want to open a trading academy where you will charge people money to teach them how to trade. These questions came from my experience in the trading business because anyone who uses such terms wants to become an educator.

It’s obvious with the way the OP is talking, but even with that, if he is a profitable trader, being an educator who teaches people about trading and collects money from them won’t be a bad decision as long as he is a profitable trader and not a pretender. However, he can’t even be a pretender, but it will be impossible for a trader who is not a profitable The trader wants to open an academy, saying he will teach people how to trade while he is also not making money from the market.

You can see that it will be impossible for him to teach other people, so to me, even if he wants to be an educator, there is nothing, but he should be sure he is a profitable trader before collecting people's money.

What you should aim aim for is to be a profitable trader and not a master. If you want to become a master in trading, you will end up with frustration because no one can predict the market with accuracy every other time. Aim to be profitable such that in 10 traders you are able to win 6 and make sure your reward is higher than the risk and you will be perfectly fine.

You can’t even master trading and that is just the fact. It will be impossible because regardless of knowledgeable you are, you must still loose in trading so why thinking of mastering traders just as you said he should try and be a profitable trader and a master in trading you can understand everything claiming to be a master in trading big not in profit which is useless so the bdd we t thing is to be a profitable trader.

[tvplus006]

...In my country there are teenagers aged around 18 years who have been successful as traders. He has become a billionaire today thanks to his successful trading. And when he was asked how to become a successful trader like him? then the answer is quite short and concise. ..

It's hard for me to believe that someone can become a billionaire by trading cryptocurrency. To achieve such success, you need at least to have a deposit of several hundred million dollars. Or are you writing not about US dollars, but about some currency that is devalued due to hyperinflation?

[MarjorieZimmermanGinger]

N/B: It’s very easy to think you understand something,but once you begin to ask yourself the questions,you dig into the real answer and that’s where the true growth lies.

The mind once expanded by a new idea,never returns to it’s original dimensions.once you stop doing GAMBLING TRADING and start doing trading which follows a system that works,there’s no looking back.

If in the end we realize that trade gives certain difficulties when starting and we tend to suffer losses more often then wise decisions are better to have other systems such as investment. Someone who became a master in trade has gone through many processes and maybe not everyone is able to pass it because there are many obstacles that might be faced. If our ability does not develop in trade, it might be time to decide to find other ways to make money.

The percentage of success in small trade because of the many risks that we will get and much better we make choices in other places to make money because not only trade and there are other things in Crypto that can also provide financial benefits for someone.

[gunhell16]

A ton of lessons to take away for that.
Let me tell you the simplest way.
You can only master trading or become master in trading when you will start treating it as a business.The day you start treating trading as a business,maximum problems will vanish.

Ask yourself do you actually treat trading as a business? Or are you convincing yourself that you are treating it as a business.For most of the people,treating trading as a business doesn’t clicks.Because if you go through your trades and cross-check them,you will begin to realize that for most of the trades you don’t stick to your plan.

If you are TRULY treating trading as a business,there is no doubt that you will be sticking to your plan 95% of the time.Because that’s how you scale the business.You don’t scale the business by taking trades that doesn’t make sense or are illogical.You scale by executing trades that are logical and follow your system.

N/B: It’s very easy to think you understand something,but once you begin to ask yourself the questions,you dig into the real answer and that’s where the true growth lies.

The mind once expanded by a new idea,never returns to it’s original dimensions.once you stop doing GAMBLING TRADING and start doing trading which follows a system that works,there’s no looking back.

I prefer to call it seriousness and self-discipline in trading that will bring us closer to getting more consistent profits. Many only trade for additional income and hope to get quick profits to increase their pocket money from trading. But if we are more serious about trading and think of trading like a big business that must be run very carefully then the percentage of success could be higher. Compared to people who only trade because they follow the hype and only make trading as a side business. In my country there are teenagers aged around 18 years who have been successful as traders. He has become a billionaire today thanks to his successful trading. And when he was asked how to become a successful trader like him? then the answer is quite short and concise. That is, if we want to be a successful trader, we must be total in trading itself. So we must make trading the sole focus of our work. And you can't do it half-heartedly.

For me, trading is considered personal or business because it provides me with passive income right now. Maybe since 2020 I have started to earn a profit passively, although it is not big,
it is enough for me to sustain my expenses for my family, my wife and children.

And even for my monthly bills such as electric bill, water, internet, and others, though I do not always get a profit because sometimes I lose, but I also recover in the end.
As long as you have basic knowledge in trading and work hard and do not stop learning here in crypto trading.