Is it possible to become a master in trading?

[Sanitough]

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.

Does this take away the risk involved in it? Does this guarantee you a fixed profit? Taking trading as a business doesn't really change anything or make it more more profitable. It's still more or less of gambling and we should continue to deal with that. How you see trading doesn't matter, what matters is how well you know what you are doing and can handle the outcome. You can Infact take trading as your only hope and still be losing back to back if you don't get it right. Mind you, there is no long term working system and that's why a trader needs to be updated to adjust his strategies time to time.

Treating trading as a business still does not make a difference, I have to agree with that. In fact, it will only lead you to a bigger frustration and failure once you start dealing with consecutive losses, that’s how risky trading is, that’s the reason I don’t suggest trading for everyone regardless how they deal with it, as a business or just another side income.

If they decide to trade, at least they do it knowledgeable and skillful, and not because they want quick profits like any monkey business can do.

[Ojima-ojo]

As far as trading is concerned, there is not accuracy of approach since the entire cryptocurrency market is made of volatility and unpredictability, so we should know the risk that is associated with trading just like we do with gambling?  We should only use an amount that we can afford to lose and still be OK.

[bitgolden]

There are people who trade and make money, which could be considered as a "master" thing, because people who make money are masters and that would be the most important part. If we can do this then that means there are people who did it and if there are people who did it then why wouldn't we be able to do it as well?

We can make money from it by learning how to do it and we need to be careful and if we are learning and studying and being like others who are masters then we can make a ton of money eventually. So is it possible? Yeah it is possible and there is no way that we are going to make any loss at all. We are going make some profit and that is the most important part, if we can make some money from this then wea re going to grow to a bigger price and make money but we need to educate ourselves to that point.

[SOKO-DEKE]

Trading is very risky, and I will never advise anyone to treat trading as a business because its risk is higher than that of a business. I believe a few people have tried to treat it as a business before, but the results were really bad.i am aware that with good knowledge, someone can make money from trading from time to time, but it can't be compared to a business. In fact, for someone to even gain deep knowledge about trading, only God knows the amount of money the person may have wasted before becoming a master in trading. And even if they become a master in trading, it’s possible that the assurance of making a profit will only be around 60%, because no matter how much someone masters trading, they are still prone to losses.

In fact, there are periods when even experienced traders lose money in trading seriously. As for me, trading should just be a side hustle because if someone treats trading as a business, they might trade with large amounts of money they can’t afford to lose or even take loans to trade, which is not advisable.

[harapan]

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.

You can be a master in trading but the fact that you tend to treat it as business is what I don't buy into cause in business it's different in the sense that it's not on most basis that your business stick to the plans you have budgeted,this is why everything is controlled by a change and in the logical sense we all know trading is prone to much risks factors so applying it in business can actually rupture alot leading to uncontrollably losses.

[alastantiger]

As far as trading is concerned, there is not accuracy of approach since the entire cryptocurrency market is made of volatility and unpredictability, so we should know the risk that is associated with trading just like we do with gambling?  We should only use an amount that we can afford to lose and still be OK.

Although there's volatility in the market still that shouldn't stop us from becoming masters of the market. Trading isn't gambling that's so difficult for people to master but in trading as far you stay consistent in what you're doing and using one trading strategy more frequently, you'll become a master of that strategy in no time.

You can learn from your own mistakes or take lessons from the mistakes that others are making as you're trading and this will improve your trading outcomes. Focus on what you what to achieve from trading and you'll achieve it. So many people aren't really doing what it takes to become good at trading yet they complain like it's the market that's against them not knowing that they're the one sabotaging their own results through the ways they're trading.

[LogitechMouse]

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In fact, there are periods when even experienced traders lose money in trading seriously. As for me, trading should just be a side hustle because if someone treats trading as a business, they might trade with large amounts of money they can’t afford to lose or even take loans to trade, which is not advisable.

Well, I agree with what you said that trading is risky, but the more you gain experience, the lesser risky it is because you will make better decisions as you trade for a longer amount of time. It's also the same with business where if you're just starting, the risk of losing  your capital is higher because you're just starting, but as you gain experience and knowledge, that risk will become lesser and lesser, and you will be a successful one soon.

Yes, there's no such thing as assurance in trading. Is there an assurance in business? None. You said that it will be around 60%? Is the success rate of having a business 100%? Becoming a master in trading, and becoming a successful businessman will always have losses along the way, but as they learn even more, that "LOSSES" will be lessen. Yes, I agree that there are some times where experienced traders loses money and that's pretty much normal in trading. What's more important is that, they will end the week or month in profit because losing some money in a day or 2 is a given because nobody can predict the market with 100% accuracy.

Treating trading as a full time job/business, or a side hustle will depend on the person himself. Some treats trading as a business, and some isn't, and it's their decision. Lastly, I don't also recommend borrowing money just for the sake of "having funds for trading".

[shield132]

The day I quit my job and started treating trading like a business, was the day that I'm still trying to forget. This is a very wrong approach because when you treat it like a business, it means that you work 24/7 on this. When you work like that, you have to give up on your job and totally focus on your "business". Then you are not always guaranteed to profit and sometimes lose a lot, then this messes up with your mind and creates lots of negative thoughts in your mind and etc... I've experienced this myself and I know that it's a very wrong approach. It's the best to invest in Bitcoin when you think it's the right time to invest, hold and wait. Don't do day trading, trade once a year, twice a year or even once per two years and this way, you'll generate much more profit with much less stress.

You're more pressed to make profit as well, since it's a business. As for me, the thing that works best with trading is just waiting for the best opportunity and trade only at that time, by this strategy I rarely lose too much and frequently making profit.
But ultimately nobody can become master of trading, it's trial and error, you can lose and you can win, that's just how the game is.

If anyone thinks they can trade flawlessly without losing anything, good luck because that's just wishful thinking.

For the last 3 years, I changed my strategy and my attitude. I am patient, waiting for the right opportunity to buy and I'm very good at it but I still find it hard to find the right time to sell because sometimes the price falls without any major breaking news.
You have chosen the right path, I'm like you and I regularly make very good profits but when I was full-mode in trading, I was always under constant pressure and had huge losses along with huge profits. The only people who can be considered as masters of trading are those who are whales with connections and can manipulate the market with their actions.

[mirakal]

it possible to become a master in trading?

Experts whose figures are legends who create something that is now a meal of many people in the world as we don't feel as great. They are associated because their work by people including us.
Until here, I don't know whether I am an expert in trading because until now I have also been wrong that caused loss.
Trading is not an easy thing. The risk is bigger than profit.
Only I realized that I was a person who never let my brain stop working and I would keep thinking.

The reason why many traders fail is that they overthink the market volatility and think that they are already good at trading. Without proper knowledge about trading, we will surely end up losing.

A successful trader is not just successful because they earn a profit more often than they lose. But they are also good at controlling their emotions.

If we want to be like those who become successful, we also need to work hard and think like them. Even though we have been trading for quite some time, we still need to continue learning just to build more confidence.

[yudi09]

-snip-

A successful trader is not just successful because they earn a profit more often than they lose. But they are also good at controlling their emotions.

If we want to be like those who become successful, we also need to work hard and think like them. Even though we have been trading for quite some time, we still need to continue learning just to build more confidence.

About the success of traders, that's true, bro. The experience of profit and loss is tied to good emotional control.

In many books about trading, it explains how someone should want to be successful as a trader. Because this is a digital era that is developing quite rapidly, there is also an explanation of that explained in it and there are many people who have read books and watched videos but in practice are still wrong.

The only thing is the commitment to continue to make all experiences as emotional reinforcement.

[dunfida]

-snip-

A successful trader is not just successful because they earn a profit more often than they lose. But they are also good at controlling their emotions.

If we want to be like those who become successful, we also need to work hard and think like them. Even though we have been trading for quite some time, we still need to continue learning just to build more confidence.

About the success of traders, that's true, bro. The experience of profit and loss is tied to good emotional control.

In many books about trading, it explains how someone should want to be successful as a trader. Because this is a digital era that is developing quite rapidly, there is also an explanation of that explained in it and there are many people who have read books and watched videos but in practice are still wrong.

The only thing is the commitment to continue to make all experiences as emotional reinforcement.

Or simply talking about experience on which we know that on the time or moment that you've been able to have this kind of engagement towards trading then you will definitely be able to encounter up that loses on which its inevitable but on the moment that you do able to handle it out at the time that you will become that experienced gradually on which it causes up for you to become that master in trading as the moment that you do able to obtain up such skills and experiences. We do know that its hard but its not impossible to acquire or obtain up such skills. We do know that on the time or moment that you do able to find yourself having that a good grasps when it comes to skills then you will be able to sustain out this unpredictable market on which not all will be that successful when it comes on dealing up with it. It all needed up that all the possible qualities of a certain trader on which you do need up to make adjustments accordingly.

The most important thing on here is that you do really know on what you should gonna do. Making up actions on which it will suffice and could make you that having the probabilities that you could be able to handle it out and that what makes you that able to handle your trading skills and make yourself profitable at least but not all becomes successful on trading career on which we know that it will definitely be having that kind of probability at the time or moment that you do all the hard things trainings and experiences but still ended up on having no good results towards on what you are that trying to deal on with.

[alastantiger]

The most important thing on here is that you do really know on what you should gonna do. Making up actions on which it will suffice and could make you that having the probabilities that you could be able to handle it out and that what makes you that able to handle your trading skills and make yourself profitable at least but not all becomes successful on trading career on which we know that it will definitely be having that kind of probability at the time or moment that you do all the hard things trainings and experiences but still ended up on having no good results towards on what you are that trying to deal on with.

Those newly individuals starting to trade and aren't finding results going their way, they don't have to give up on trading so quick because many of those that are trading so well now didn't always start that way because they had some obstacles on the way although they overcame those obstacles and this was what made them into who they're presently and making some good revenue that makes the trading to not be a waste. There are possibilities of being a master but you'll have to be ready to do all it takes to become the trading master that you want to become. Sometimes it might take you the lost of your money while other times, your feelings will be hurt that it affects your mental health. Trading isn't that simple when you want to go professional.

[yudi09]

-snip-

-snip-

The most important thing on here is that you do really know on what you should gonna do. Making up actions on which it will suffice and could make you that having the probabilities that you could be able to handle it out and that what makes you that able to handle your trading skills and make yourself profitable at least but not all becomes successful on trading career on which we know that it will definitely be having that kind of probability at the time or moment that you do all the hard things trainings and experiences but still ended up on having no good results towards on what you are that trying to deal on with.

Efforts to continue to be in a position to try to position yourself as a figure who continues to learn from every action obtained in trading are still valid until tomorrow.
I want them to also be strong and brave to take actions that are not out of what should be done. Emotions can be the main factor before other important factors. Or like this, dare to act on what is known not to imitate.

[tygeade]

You're more pressed to make profit as well, since it's a business. As for me, the thing that works best with trading is just waiting for the best opportunity and trade only at that time, by this strategy I rarely lose too much and frequently making profit.
But ultimately nobody can become master of trading, it's trial and error, you can lose and you can win, that's just how the game is.

If anyone thinks they can trade flawlessly without losing anything, good luck because that's just wishful thinking.

For the last 3 years, I changed my strategy and my attitude. I am patient, waiting for the right opportunity to buy and I'm very good at it but I still find it hard to find the right time to sell because sometimes the price falls without any major breaking news.
You have chosen the right path, I'm like you and I regularly make very good profits but when I was full-mode in trading, I was always under constant pressure and had huge losses along with huge profits. The only people who can be considered as masters of trading are those who are whales with connections and can manipulate the market with their actions.

You are right about the buying part, and when selling you should consider trailing stop loss. That means, if it has some small increase then keep holding, and then follow it up on how it goes down. If it goes down once, like for today it goes down, then it doesn't matter how much it goes down. You can be holding, and see it go down 20% today, and that still doesn't matter, because what it goes down in a single day doesn't make it go down too hard, and you can recover in a day if you lost it in a day.

What if we end up moving further with it? Then you just need to arrange it in a way where if it goes down more than one day, that would be the better way to move forward. If it goes down today then goes down tomorrow and then go down one more day etc, that would be selling it.

[Synchronice]

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.

If you think that we should treat trading as a business, then answer me, is it possible to master a business? No, it is not. You can master some parts of business but business itself? No way because you can't influence the external factors, market changes and new challenges.

I've been trading here and there but I'm mostly here to collect Bitcoins and sell them at the right time. I've done small trades throughout these years but I find it almost impossible to understand why the price goes down sometimes and then why it goes up and up. I couldn't imagine if Bitcoin was about to reach so high price after ETF approval but I was very wrong. For me, it's still a secret to predict Bitcoin's price, so I can't understand how can someone master it. To my mind, it depends on your luck and that's all.

[Adams0001]

As far as trading is concerned, there is not accuracy of approach since the entire cryptocurrency market is made of volatility and unpredictability, so we should know the risk that is associated with trading just like we do with gambling?  We should only use an amount that we can afford to lose and still be OK.

Although there's volatility in the market still that shouldn't stop us from becoming masters of the market. Trading isn't gambling that's so difficult for people to master but in trading as far you stay consistent in what you're doing and using one trading strategy more frequently, you'll become a master of that strategy in no time.

You can learn from your own mistakes or take lessons from the mistakes that others are making as you're trading and this will improve your trading outcomes. Focus on what you what to achieve from trading and you'll achieve it. So many people aren't really doing what it takes to become good at trading yet they complain like it's the market that's against them not knowing that they're the one sabotaging their own results through the ways they're trading.

You are right, when someone focus on one strategy definitely he will become master of it. Anything is possible, normally trading is not really easy to become master but when you trade always you will become perfect on it. Trading is volatile and you can't predict the market always when you stake you can lose anytime, and that make trading interesting and hard. Everyone that is on trading lose funds but when they are not given up and continue learning and using different strategies you will succeed on it. Any trader that always get profit more then is losing every week you can surely call them a master of traders, because he can deal with the market when he go wrong for him,  he will using different methods to achieve profit. Some as took trading as part of there source of income and they will try to get profit before the week ends. that are the real traders they focus on there works and you won't see them doing other things apart from trading. Practices make perfect, but you can't control the market always because of is volatile.

[milewilda]

As far as trading is concerned, there is not accuracy of approach since the entire cryptocurrency market is made of volatility and unpredictability, so we should know the risk that is associated with trading just like we do with gambling?  We should only use an amount that we can afford to lose and still be OK.

Although there's volatility in the market still that shouldn't stop us from becoming masters of the market. Trading isn't gambling that's so difficult for people to master but in trading as far you stay consistent in what you're doing and using one trading strategy more frequently, you'll become a master of that strategy in no time.

You can learn from your own mistakes or take lessons from the mistakes that others are making as you're trading and this will improve your trading outcomes. Focus on what you what to achieve from trading and you'll achieve it. So many people aren't really doing what it takes to become good at trading yet they complain like it's the market that's against them not knowing that they're the one sabotaging their own results through the ways they're trading.

You are right, when someone focus on one strategy definitely he will become master of it. Anything is possible, normally trading is not really easy to become master but when you trade always you will become perfect on it. Trading is volatile and you can't predict the market always when you stake you can lose anytime, and that make trading interesting and hard. Everyone that is on trading lose funds but when they are not given up and continue learning and using different strategies you will succeed on it. Any trader that always get profit more then is losing every week you can surely call them a master of traders, because he can deal with the market when he go wrong for him,  he will using different methods to achieve profit. Some as took trading as part of there source of income and they will try to get profit before the week ends. that are the real traders they focus on there works and you won't see them doing other things apart from trading. Practices make perfect, but you can't control the market always because of is volatile.

Focusing yourself on a single strategy on which i could say that it wont be that much effective here on crypto space specially that market does have that different variations if we do speak about price movement behavior or into those common days on which it do move out without trying to follow any analysis whether on technical or fundamental. This is why i do recommend that when dealing up with market then as much as possible on which you should be that veratile on which on the sense that you do know different analysis to handle up different variations. When it comes to mastery then it will be that up to you on where you would be trying out to put your focus into but just like on what i have said that you should be that making yourself versatile as much as possible because we do know that market is unpredictable and thats why it do need up that approach on trying out to catch up if ever you do see opportunities. In regarding about on the question about becoming master in trading then of course you do able to achieve or reached out this kind of situation specially if you have molded up your skills and other factors on which a trader could have. You would be considering yourself as a mater or professional at the moment that you do have that kind of control and knowledge or simply having the skills on dealing up with market which is unpredictable without compromising too much risks because you have already the idea on what you should gonna do. On the moment that you have chosen up this career then make it sure that you have that kind of approach.

[mirakal]

-snip-

A successful trader is not just successful because they earn a profit more often than they lose. But they are also good at controlling their emotions.

If we want to be like those who become successful, we also need to work hard and think like them. Even though we have been trading for quite some time, we still need to continue learning just to build more confidence.

About the success of traders, that's true, bro. The experience of profit and loss is tied to good emotional control.

In many books about trading, it explains how someone should want to be successful as a trader. Because this is a digital era that is developing quite rapidly, there is also an explanation of that explained in it and there are many people who have read books and watched videos but in practice are still wrong.

The only thing is the commitment to continue to make all experiences as emotional reinforcement.

That is the problem for most. They are just active and willing to learn how to start, but there is no consistency. They already think that they were knowledgeable enough to compete in the market and earn. They don't think that continuing learning is a must, as well as the strategy, because the market has also kept on changing.

Experience could help, but having great knowledge dominates. That is why there is no reason to stop learning if our goal is to be a known or famous trader.

[justdimin]

In many books about trading, it explains how someone should want to be successful as a trader. Because this is a digital era that is developing quite rapidly, there is also an explanation of that explained in it and there are many people who have read books and watched videos but in practice are still wrong.

The only thing is the commitment to continue to make all experiences as emotional reinforcement.

That is the problem for most. They are just active and willing to learn how to start, but there is no consistency. They already think that they were knowledgeable enough to compete in the market and earn. They don't think that continuing learning is a must, as well as the strategy, because the market has also kept on changing.

Experience could help, but having great knowledge dominates. That is why there is no reason to stop learning if our goal is to be a known or famous trader.

Rushing into the market benefits nobody and they need to learn that they can't do that, if they can learn how to do that then the yare going to do a better job, unfortunately not many of them realize what hey are missing. They just think "these traders are all human like me, they make so much, so why shouldn't I" and that's where they end up making a loss. If they can end up with a better result then they are going to get happier but that would also give them courage to go on without learning and cause even more loss later on.

So, it's best if a newbie starts at bear period, because they will see real loss at the start and then they will end up with better approach. If they do that then they are going to be making actual profit after they learn.

[Z_MBFM]

It is possible to become a master in trading, but for this you will need a lot of experience. Everyone can think of themselves as a trading expert, but in reality they are never successful. Because although many people can make a lot of profit in a short time, they often lose on average in the long run. So since no one can ever guarantee profit in a short time in trading, no one can claim to be a master with a guarantee. However, when it comes to holding, if anyone wants, they can easily become a master of holding by just holding patiently. Master is not an ordinary ward. It is a very heavy ward. So not just anyone can claim to be a master.