Trading with the right mindset

[tbterryboy]

Most beginners are actually aware of the risks involved in crypto trading. However, at first they always feel they can handle those risks. they don’t yet realize that the risks they face can truly take a toll on their mental state. And when they experience it, they finally realize that the risks they initially underestimated are actually far more daunting than they anticipated. Most beginners give up at that stage. but there are also those who start learning from the experiences they gained in the beginning.

Honestly, I personally used to underestimate the risks involved. It seemed like those risks were easy to handle. but when I experienced them firsthand, I realized it’s better not to rush into trading and to learn more before fully diving in.

Nobody really realizes what the risk is and how big the risk is until they start losing money. They "know" it's risky, just don't know how risky it is. They think the risk is minimal, or small, and they can avoid it and while it's risky, what they are doing is actually better than what others are doing.

They think "yes those people who bought X token lost money, but Token Y is much better and they were making a mistake but I am doing the right thing because this one will work out and make me money" and then when token Y doesn't work too "X didn't made people profit and I did Y and that did not make profit then it must mean all of these tokens are scams" and think crypto as a whole is a scam.

[Zanab247]

Any traders that is carry out research before trading it hard for such traders to fail in his trading, because you will see some signs ahead of you and it will help you to take a good decision that will make you smile in the future. Do you know that everybody in the crypto market can decide to avoid loss in the market if only every traders can pay attention to their research before taking action in the market to trade..

Some have allowed other traders to deceived them, because they where very lazy to know how to avoid what will cost them pain which is not what traders like to experience from trading.

[Powerjumboo]

Trading normally seems to be like gambling to those who misunderstand it, who are just willing to come into trading for the sake of making quick money.

Understanding is very important in trading; it gives one a better mindset of how to approach trading. However, when there is no understanding, it just seems like gambling, where one is only relying on luck to win. When it comes to trading, understanding is everything.

Yes, you are absolutely right, when there is no understanding in the trading platform and trading is done with guesswork, then trading is completely like gambling. To trade, you must have experience in trading, you must know the different trading strategies. If you know the different trading strategies and can trade according to the right rules, then it can be easy to earn money from trading, but if you cannot gain experience in the different trading strategies and cannot trade according to the right rules, then earning from the trading platform will seem like a complete gamble.

[Issa56]

Yes, you are absolutely right, when there is no understanding in the trading platform and trading is done with guesswork, then trading is completely like gambling.

How will you be a trader, and you going to be trading base on predictions. If you are just guessing when trading, you should just know that you going to be losing, you not really going to be making anything serious if you are the type that do that.

As a trader that wants to be making money from trading, what’s it going to take you learn about how you going to be making your money, you are suppose to create time to understand how everything works, how you going to do your analysis and other important things. You can’t be guessing and be trading, you setting a great trap for yourself.

People that are trading base on guess work are just people that don’t even know about trading and they want to make money, they just choose to learn about how they going to buy a coin, and how they going to sell, and they already think they are good traders already.

[Queen uloma]

Trading is often likened to gambling due to emotional influence, but the difference is based on mindset and discipline. A successful trader operate on probabilities, they see losses as part of the system. They focuses more on long-term consistency, instead of quick wins.Emotional control is one of the element that affects most traders, I will advise we should always learn to manage our emotions and make rational decisions instead of emotional one.

[ASloveapg]

Trading is often likened to gambling due to emotional influence, but the difference is based on mindset and discipline. A successful trader operate on probabilities, they see losses as part of the system. They focuses more on long-term consistency, instead of quick wins.Emotional control is one of the element that affects most traders, I will advise we should always learn to manage our emotions and make rational decisions instead of emotional one.

Trading should not be conducted by emotions in any way, doing so will only lead to more losses. Trading is a subject where despite having skills, one has to face a lot of losses, but if we trade based on emotions without any knowledge, then we understand very well what the results will be here. So we should abandon such unrealistic thinking, with reality we have to first acquire skills, learn long-term, by spending a long time we will acquire skills at one stage and then we will be able to trade effectively here.

[Fredomago]

The reason why "experience" matters so much is that it allows you to use "a or b" method. Meaning that you do something, see if it works or not, if it works then you utilize it, if it doesn't then you remove it from your strategy. This gets piled up over time, for years you grow up and learn better about it, and you use many things and you see what works when and what doesn't work at certain times, what is better during bull run and what is better at stable times and what doesn't work on bear runs etc etc.

With that many experience and testing, you end up learning so much. When you do not test, or when you are newbie, you have no information and you have to hope that whatever you have simply works, if not then you have no idea what else to do.

If you are experienced enough and you also have discipline, then you are going to follow a very strict strategy that will gain you some money but very small amounts for long term and you keep compounding on it and get better. Not many people can do this and people do hope that this happens but in the end we fail to do it because too many of us are either newbies or not disciplined enough.

I get why this might be the feeling that we have, but that doesn't mean that we are going to see the same thing, we should be careful about it. Obviously things aren't always that great, so we need to make sure that we can see how things could move, and if you could do a fine job, then you should not be worried about it, and can do a good return.

In anyhow we need to adjust for the betterment of our investment, we need to have a kind of discipline where we can keep good practices and move away from those that affects our emotions, trading with the right mindset will allow us to explore more and discover those good strategy and patterns that will help our investment to go accordingly, while that kind of experienced are different from every traders, we need to be aware if what's working and what's not for us to able to adjust the right way.

[Baki202]

Any traders that is carry out research before trading it hard for such traders to fail in his trading, because you will see some signs ahead of you and it will help you to take a good decision that will make you smile in the future. Do you know that everybody in the crypto market can decide to avoid loss in the market if only every traders can pay attention to their research before taking action in the market to trade..

Traders need all the useful because traders works with information and a lot of people have failed because they took a lot of granted because aside the information you need to be able to read does chart and interpret what was studied, trading is more of a work and the way loss can be avoided is when you buy and hold. And every trader needs to pay attention, if you want to trade then be ready that losing money is not something you are going to be escaping from and this is why you need to be prepared because the day you start losing money you will know how it works already.

Some have allowed other traders to deceived them, because they where very lazy to know how to avoid what will cost them pain which is not what traders like to experience from trading.

And there people that even give out money for people to trade for them and that is were most of this problems start and majority of this are scams and this is why it is best to know if you know you are too lazy to trade then it will be better for you to just buy and hold and then ever other person will rest. That is the only way things like this can be addressed trading is not by force so they should try other things out instead of focusing on trading.

[GiftedMAN]

Any traders that is carry out research before trading it hard for such traders to fail in his trading, because you will see some signs ahead of you and it will help you to take a good decision that will make you smile in the future. Do you know that everybody in the crypto market can decide to avoid loss in the market if only every traders can pay attention to their research before taking action in the market to trade..

Some have allowed other traders to deceived them, because they where very lazy to know how to avoid what will cost them pain which is not what traders like to experience from trading.

Making research when you do not have knowledge in trading won't save you from losing money in trading cause even the traders with experience losses money most times but understanding the market and applying the best signals can help you to reduce the losses you may have encountered in trading but just know that not everyone can develop the mentality of going through all the learning and research process before trading and some traders takes trading as gambling that's why they always lose all the time.