Trading Mindset

[masulum]

-snip-
With $10 to make $5 you need 50% gain, the only way for that is to use leverage then you can clear your wallet empty anytime the market shaking.
It's always better to find capital first and trade on the safe zone if we truly want to build wealth.

If someone want to take the risk of 100% loss, thy can try trading new launches meme tokens. But the main requirement to make a quick profit of $ 5 - $ 10 is to find a token that will soon be launched on dex. For example, trading on pump.fun. of course this is not the main choice, because buying new launched meme tokens, can be a loss in a short time. Therefore, I remind you again, trading to get 100% profit from $ 5 can only be achieved if finding a new lunched token. the rest, traders must be patient by scalping coins / tokens that are already listed on many CEXs. with profits that may be less than the trading fee.

[ndutndut]

Mindset is the main thing in trading, it is not only for the rich, let alone the poor. The mindset that the more money you have, the more profit you will get is also wrong, trading is not about having a lot of capital or not having capital.

Because in my personal opinion, the mindset in trading is based on the way we think, when we take a stance or decision in carrying out trading activities. For example, when we trade, we must be able to control our emotions, must be disciplined, and understand the risks we get in trading. So, having a good mindset in trading can make your decisions rational, for example, with a capital of $ 10, of course it is very difficult or even impossible to get a profit of $ 1000 in a short time.

[Finestream]

While it's only an example, I wouldn't put $100k into risk just to earn $100 daily. Because it's not even guaranteed. I'll try to find better ways even if just for small amounts but without having to put the whole $100k into larger risk. But this comparison done by OP is real, that's how traders mostly make money. The lesser that they have, the lesser potential profit too. But the larger capital that they have, the larger chance to make more.

Obviously, you can’t make huge amount in trading if you only risk a little. Sometimes, you also need to use leverage so that you can achieve your goal profits. However, using leverage may not be good and effective for everyone, as it takes professionalism before you can make leverage works. This is why if you want a safer trading, some just settle on less risky capital, but expect that the potential profits is also small.

[milewilda]

About Trading

 -For the rich, this is a place to multiply money,
with a capital of 100,000 Dollars then trying to find consistent
profit of 100 Dollars per day then it makes sense!!-

 -For the poor then a place to find a living & wealth and then
with a capital of 10 Dollars trying to find consistent profit of 10-100 Dollars per day then it nonsense!!!! -

Fix your mindset first trading is not only about analytical skills then your mindset is also very important!!!!

We can definitely say that trading capital would be that totally be that significant on which it will be basing up on the target that you are trying out to achieve. If you are only having that $10 and aiming for another $10 per day then you would be needing up that 100% gain a day on which we know that this isnt something that could be easily achieved not unless if you are dealing up with meme coins but knowing the odds or chance on hitting up a right token then it would be that nearly impossible that you could be sustainable and this is why it doesnt make sense if you do projected out yourself with having that kind of target at the moment that you do made out some choice on trying out to achieve such goal on everyday. Yes, it will be just that requiring that basic math when it comes into this aspect.
For that elaboration of rich person who do have that 100k and ith having that $100 target per day. Do you really think that they would be aiming for $100 per day? For sure they will be that trying out with that 10% gain or even more in a day. You wont be that getting contented with that amount of gain with having that bigger capital on which of course this is where risks % would be imposed and would be trying out to achieve it out.
It all matters about on having that target and goals on which as a trader on where you do really need up to consider.

[Charles-Tim]

Obviously, you can’t make huge amount in trading if you only risk a little. Sometimes, you also need to use leverage so that you can achieve your goal profits.

This is what some traders think and become not patient anymore and they will start losing high amount of money. Leverage is the easiest means to lose money in trading.

However, using leverage may not be good and effective for everyone, as it takes professionalism before you can make leverage works.

Professionals do not use leverage because they know what it is.

This is why if you want a safer trading, some just settle on less risky capital, but expect that the potential profits is also small.

This is the best way to trade. Be patient and expect little return.

[shinratensei_]

If someone want to take the risk of 100% loss, thy can try trading new launches meme tokens. But the main requirement to make a quick profit of $ 5 - $ 10 is to find a token that will soon be launched on dex. For example, trading on pump.fun. of course this is not the main choice, because buying new launched meme tokens, can be a loss in a short time. Therefore, I remind you again, trading to get 100% profit from $ 5 can only be achieved if finding a new lunched token. the rest, traders must be patient by scalping coins / tokens that are already listed on many CEXs. with profits that may be less than the trading fee.

Honestly I find pump.fun significantly a lot more risky than just leveraging trade with small margin in a CEX, too much variable that are out of our control from rug, malicious contract code, to fudding from KOLs.
If we're just trying to make small money such as $5-10 a day, doing day trading makes more sense, from my experience, we can create 100% profit easy with small money and 50x leverage, just with SND technique. but never use big money because the chance of you losing your entire capital is always there if you did.

if we are trading memes, we're shooting for 1000x gains not just 100% and that happens probably once in a year only.

[Brainnybtc]

You are very right about what you posted, most traders do not have the money but they are trading with the little amount of money that they have and they become impatient and lose all the money continuously, they use high leverage and lose. I totally agree with you.

But for those that have $100000 to trade, they suppose to be making money than $100 daily even if they are patience. But they should not use leverage and they should not trade with the money at once.

On this your last paragraph I think otherwise though, I think that knowledge and self discipline should be prioritized,  because if you can lose $10 very quickly what makes you think that you can't lose $100,000 very quickly if you don't know what you are doing, so wether the said fellow use higher leverage or not, it will be just a matter of time before he blows his or her account because knowledge and self discipline is key in the field.
So knowing what you are doing is one vital thing a trader must know before he can stands a chance of making it in the market.

[michellee]

Trading can be a way for many people to make a profit. But they must know what it need to be prepare so they can trade better. But every people will have different budget to start and we can not say that one will be better than others.

It is not about budget but how they can understand how to trade with right. Sometimes, when a gambler can make their profit, their feeling become superior than others and underestimate how the market move. They forget that market can change anytime and if they can not adapt to the current situation, they will meet a problem.

And yes, I agree that fix your mindset will be necessary because if you just think about making a profit, you will chase that and not think about the lose that you get. Fix your mindset need time and that is worth to do before you ruin your trading time and end up losing your money.

[masulum]

Honestly I find pump.fun significantly a lot more risky than just leveraging trade with small margin in a CEX, too much variable that are out of our control from rug, malicious contract code, to fudding from KOLs.
If we're just trying to make small money such as $5-10 a day, doing day trading makes more sense, from my experience, we can create 100% profit easy with small money and 50x leverage, just with SND technique. but never use big money because the chance of you losing your entire capital is always there if you did.

if we are trading memes, we're shooting for 1000x gains not just 100% and that happens probably once in a year only.

That's right, this is very risky, pump.fun or similar platform, produce 95% (with estimation from 100 new tokens, may 5 will survive and shot the moon) tokens that has the potential to lose before being listed on dex. reaching the bonding curve limit is still very potential for loss. That's why I said, meme trading can cause losses very quickly. If someone joined, and already profitable, better to close equal (minimum) to the entry value, if it goes up, there is still a chance to profit from the remaining tokens. However, this is not a place to play, loss is loss and it is a money. The risk of 100% loss, once traded at pump.fun or another platform is very big, if you don't want to lose even $5, then never try trading on any meme launcher. Today, I traded memes on Base, not from the meme launcher, community token, but the top holder who holds an average of 3% of the total supply did a massive sell, finally I lost 50% from my entry  . You are right about leverage trading, but, leverage trading will give addictive effect, just like gambling, for those with minimal capital, it is better to trade safely on the spot market, without expecting 100% profit instantly.

[Fredomago]

While it's only an example, I wouldn't put $100k into risk just to earn $100 daily. Because it's not even guaranteed. I'll try to find better ways even if just for small amounts but without having to put the whole $100k into larger risk. But this comparison done by OP is real, that's how traders mostly make money. The lesser that they have, the lesser potential profit too. But the larger capital that they have, the larger chance to make more.

Obviously, you can’t make huge amount in trading if you only risk a little. Sometimes, you also need to use leverage so that you can achieve your goal profits. However, using leverage may not be good and effective for everyone, as it takes professionalism before you can make leverage works. This is why if you want a safer trading, some just settle on less risky capital, but expect that the potential profits is also small.

Yup! not all is capable as leverage got a huge risk behind if you don't have deeper understanding instead of making money you might lose all the way, better to keep it safe and try to learn deeper, the more you experienced things the better understanding you'll gain and sooner or later if you feel or if you think that you fully grasp all the ideas then executing strategies might help you a lot to make money.

[Strongkored]

About Trading

 -For the rich, this is a place to multiply money,
with a capital of 100,000 Dollars then trying to find consistent
profit of 100 Dollars per day then it makes sense!!-

 -For the poor then a place to find a living & wealth and then
with a capital of 10 Dollars trying to find consistent profit of 10-100 Dollars per day then it nonsense!!!! -

Fix your mindset first trading is not only about analytical skills then your mindset is also very important!!!!

Which can be said that nonsense with the thought of the smallest capital to get the biggest profit.

In trading it is highly recommended to use no more than 10% of the deposited in 1 position.
So with $10 it is very possible that traders will go all in to make a profit and when they do that it is very possible to lose everything.

No matter how much capital you have, it takes patience because trading is not a quick way to make money.

[Fivestar4everMVP]

About Trading

 -For the rich, this is a place to multiply money,
with a capital of 100,000 Dollars then trying to find consistent
profit of 100 Dollars per day then it makes sense!!-

 -For the poor then a place to find a living & wealth and then
with a capital of 10 Dollars trying to find consistent profit of 10-100 Dollars per day then it nonsense!!!! -

Fix your mindset first trading is not only about analytical skills then your mindset is also very important!!!!

As tough as this may seem for most of us to believe, you are ultimately speaking is the reality for most of us, trading is very simple and very profitable when we approach it with the right mindset and with the right type of preparation.

Many have approached me telling me that they want to learn how to trade, and each time I tell them that trading requires the trader to invest alot of capital if he or she must be profitable on it, they ask me like how much?, and my answer always is that one can start small, very small like say $10, but know it that you cant be making any money with this amount as your starting capital, you can only use it to practice how to trade profitablely, if you want to go into trading and want to turn it into a business, you must invest a minimum of $5k, once they here me mention this amount, they immediately become uninterested.

The poor wants to simply make money out of thin air, but do not realize that things do not work like that, making money isn't that easy else, alot of us would be billionaires today.

[SOKO-DEKE]

About Trading

 -For the rich, this is a place to multiply money,
with a capital of 100,000 Dollars then trying to find consistent
profit of 100 Dollars per day then it makes sense!!-

 -For the poor then a place to find a living & wealth and then
with a capital of 10 Dollars trying to find consistent profit of 10-100 Dollars per day then it nonsense!!!! -

Fix your mindset first trading is not only about analytical skills then your mindset is also very important!!!!

Yes, I can't deny the fact that some traders don't have enough capital to trade. With the little capital they have, they always want to use it to gain big profits, and that is the reason behind many traders failures. If they could be patient and focus on making small profits consistently, many of those who complain about losing their capital would not be in that situation.

Many poor traders are really driven by greed, chasing the kinds of profits that those with big capital are making. As you rightly said, a trader with $100 also wants to make $100 or $200 in profit the same amount that someone with $10,000 wants to make. This clearly shows a very high level of risk, and the chances of losing will always be higher compared to those trading with big capital and aiming for smaller profits and limit their risks.

[DaNNy001]

With your mind set discussion here are you implying that it’s better to trade with big capital and aim for small profit rather than use small capital and aim for higher profit?

Rich and poor obviously have a different approach due to their own circumstances like rich is trading with huge resources and vice versa for the poor.

True, the mindset of a rich man and a poor man are completely different when it comes to trading..first of all, you shouldn't even be trading if you are poor because i5 would make you too desperate and this can set you off balance as a trader...a poor trader puts in a small capital and uses a high lot size but a rich trader does the opposite of that and they have more positive results compared to the poor trader

[AYOBA]

When it comes to the trading, I don’t think we can compare the poor men’s with the rich men’s. Because their mindsets are different from each other, we can see that some of the poor have been involved in trading, but they never derive even a little profit from the trading, and the reason why is that where poor men can use like $10 of the money to make a profit, rich men can sacrifice more than $100 to get huge profits.

And that’s why we don’t need to compare the poor with the rich in terms of the trading. I will not even give the poor who are struggling to survive the chance to join the trading community because of the fact that trading involves so many risks, and not everybody has the mind to afford to lose.

[Yanghudi]

I can't reply to you one by one it's too much to cover then I've read your input and then some agree and some disagree a little then that becomes a new insight for me because of the input you provide so then this can become a new understanding for all of us GG to all of you

[fikrett]

With your mind set discussion here are you implying that it’s better to trade with big capital and aim for small profit rather than use small capital and aim for higher profit?

Rich and poor obviously have a different approach due to their own circumstances like rich is trading with huge resources and vice versa for the poor.

True, the mindset of a rich man and a poor man are completely different when it comes to trading..first of all, you shouldn't even be trading if you are poor because i5 would make you too desperate and this can set you off balance as a trader...a poor trader puts in a small capital and uses a high lot size but a rich trader does the opposite of that and they have more positive results compared to the poor trader

The poor trader should learn more especially about risk management, because he wouldn't have the privileges the other trader has in the real trenches.

Leverage is a friend of a such a trader, to a degree, but only if the wisdom and a cool head is with him.

[dunfida]

With your mind set discussion here are you implying that it’s better to trade with big capital and aim for small profit rather than use small capital and aim for higher profit?

Rich and poor obviously have a different approach due to their own circumstances like rich is trading with huge resources and vice versa for the poor.

True, the mindset of a rich man and a poor man are completely different when it comes to trading..first of all, you shouldn't even be trading if you are poor because i5 would make you too desperate and this can set you off balance as a trader...a poor trader puts in a small capital and uses a high lot size but a rich trader does the opposite of that and they have more positive results compared to the poor trader

The poor trader should learn more especially about risk management, because he wouldn't have the privileges the other trader has in the real trenches.

Leverage is a friend of a such a trader, to a degree, but only if the wisdom and a cool head is with him.

Trading capital wont matter much, it all depends or basing up on how you do able to sustain yourself towards the market. If you cant be able to find yourself that making up some good trading decisions then it will be able to affect out profitability. Everything will be depending on how well you do make out trades with this volatile space on which just like on what been said by most people on here that everything will be basing up on your skills and other factors on which you do need up to consider out.  Mindset will be that only disrupted if you do find yourself that being emotional when it comes into this approach. There are just that those times that we cant be able to stop ourselves specially when we are losing money on which is normal but you should be that trying out to get rid with this one because it will be that the reason on why you cant make out such good decisions because you had been affected out by your emotions.

Doing trading or learning up such skills is never been easy and if you arent that good when it comes to self control specially with your emotion then it will be affecting out overall your mentality on which this is that very bad into your part. There's no way that you can avoid mistakes and errors on which this is just that very normal but as we do move forward then we do know on what trading skill is never been that easy and never been that simple but it doesnt mean that you cant be able to learn. It all matters about persistence and patience.

[qurbanshah02]

With your mind set discussion here are you implying that it’s better to trade with big capital and aim for small profit rather than use small capital and aim for higher profit?

Rich and poor obviously have a different approach due to their own circumstances like rich is trading with huge resources and vice versa for the poor.

True, the mindset of a rich man and a poor man are completely different when it comes to trading..first of all, you shouldn't even be trading if you are poor because i5 would make you too desperate and this can set you off balance as a trader...a poor trader puts in a small capital and uses a high lot size but a rich trader does the opposite of that and they have more positive results compared to the poor trader

The poor trader should learn more especially about risk management, because he wouldn't have the privileges the other trader has in the real trenches.

Leverage is a friend of a such a trader, to a degree, but only if the wisdom and a cool head is with him.

This will be the great success for him who will understand it and become better at it and will take more interest in it and will also be able to get more profit. For him his poverty will cause more pain. If he feels himself rich and work he can easy succeed in it and will never fail in it. If he look at his poverty he will always see his own loss.



This will not happen until a person has enough money to bear their loss or has spent enough time on it. It will be easier for them. In other words if the goal is to succeed they should keep quiet and work hard.

[Rockstarguy]

About Trading

 -For the rich, this is a place to multiply money,
with a capital of 100,000 Dollars then trying to find consistent
profit of 100 Dollars per day then it makes sense!!-

Just having this mindset doesn't mean one is good to go make profit every day. If you have this mindset and the understanding of trading us not there it won't change anything to make a better trade. With such mindset it is important for one to understand that trading is unpredicted and their is no guarantee a particular amount will be obtained as profit daily.

-For the poor then a place to find a living & wealth and then
with a capital of 10 Dollars trying to find consistent profit of 10-100 Dollars per day then it nonsense!!!! -

Fix your mindset first trading is not only about analytical skills then your mindset is also very important!!!![/pre]

Having mindset of making a living in trading is very dangerous. People with this mindset don't even have the time to make research to understand trading better. Because of the mindset they have about trading they can use all the money they have to trade because their is an expectation of making profit from trading all the time.