I know what I am doing (New traders plague)

[jcojci]

Trading is just like gambling if you don't have knowledge and if you feels difficult to analyze and consider that needs more time, you don't have to trade but just holding Bitcoin for long term.

That will be better for you as you don't have to analyze many things. You determine or set the time to buy Bitcoin and wait. So leaving trading will be better so you can focus to invest in Bitcoin.

But if you still want trading, you must learn trading and analysis, control yourself, and don't greed. Just be careful with greed because that can hold you from take profit.

[jostorres]

People can make money from trading and there are people who claim they are entirely living off their life from trading income only but it doesn't mean everyone can make that level of success. The problem is people will quit their job straight away when they start trading which isn't necessary that they do, still they can do trade while doing thait regular job.

For sure, never disrespect the curry in hopes of upgrading to steak. You must never quit the job unless your trading is extremely profitable and you are having issues with time management. Most people are just frustrated with their jobs and seeking a reason to quit, which they find in trading, without even having any profit or plans on how they will achieve it.

I mean, we don't need 18 hours to trade. If you are serious enough about trading that you want to resign from the job, it's better to take a leave citing some personal reasons. Otherwise, just find spare hours and test your strategies and observe how it goes. Don't get overexcited by initial profit and focus more on the strategy and methodologies than profit.

[Findingnemo]

People can make money from trading and there are people who claim they are entirely living off their life from trading income only but it doesn't mean everyone can make that level of success. The problem is people will quit their job straight away when they start trading which isn't necessary that they do, still they can do trade while doing thait regular job.

For sure, never disrespect the curry in hopes of upgrading to steak. You must never quit the job unless your trading is extremely profitable and you are having issues with time management. Most people are just frustrated with their jobs and seeking a reason to quit, which they find in trading, without even having any profit or plans on how they will achieve it.

I mean, we don't need 18 hours to trade. If you are serious enough about trading that you want to resign from the job, it's better to take a leave citing some personal reasons. Otherwise, just find spare hours and test your strategies and observe how it goes. Don't get overexcited by initial profit and focus more on the strategy and methodologies than profit.

People are lazy in these days that is why I knew someone who is working in government office quit a permanent job just because he had a very good earning with crypto trading for like 2 months but what he missed is like an entire generation of guaranteed money just for some quick extra money. No one need to do that, just work on your trading skills in your extra hours that you were swiping and scrolling the social media not the time that gives you money.

[Big Dirams]

People are lazy in these days that is why I knew someone who is working in government office quit a permanent job just because he had a very good earning with crypto trading for like 2 months but what he missed is like an entire generation of guaranteed money just for some quick extra money. No one need to do that, just work on your trading skills in your extra hours that you were swiping and scrolling the social media not the time that gives you money.

Some people are just dumb sometimes like they take some reckless risk and annoying decisions. What the hell would someone think of living a government job just over little earn profits one has gotten from the crypto market. For the fact that we all know that the cryptocurrency market is not something that is guaranteed at all neither is there a positive reason that one would keep making profits all day, but are we sure this person isn’t close to retirement at all lol  because that just some dumb shit to me for real.
 Working government jobs doesn’t mean we can’t trade of course we can and we can still take our trading lessons and trading profits as plus to our income and we would have 2 strong place of making money instead of tipping one off just like that. Trading does bring profits but quitting our government jobs just over trading is not something positive at all for real.

[Mpamaegbu]

The last thing you want to do as a beginner in this crypto space is to jump into trading straight away.

Trading is not the best way to start your journey as a crypto investor, even this apply to crypto veterans too.

I had to scratch that. What should crypto veterans do then? What should those who already knew how to trade but got newly introduced to cryptos do then? We've to note that not everyone who's new in this industry is a noob when it comes to trading. I quite agree with the notion that those who aren't skillful in trading shouldn't venture into it but that doesn't mean all newbies here are noobs at trading. We've to be clear on that.

I personally don't believe in TA or any tools, I am done pretending like I know what will happen tomorrow because of some data, this makes me feel like a kid all the time.

TA is the compass for navigation when it comes to trading, in my opinion. Without it or Fundamentals, we will be left with Sentiments and that may not be rational to depend on. I don't like Sentimental analysis. I'm a TA person. Yes, I agree that it doesn't work out 100%. In fact, if one has a TA strategy that works 80%, one is a winner. But then, is there anything in life that has 100% certitude of success?

My sister who thought that she will always be a trader is how out there looking for a job 8am to 6pm everyday, because she lost almost all the money he had made since 2023 in trading.

Perseverance is the only consolation for beginners. They should know that being profitable in trading isn't an overnight success. No profitable trader that doesn't have losing streaks. They may not tell you that but it's there.

If you must trade still, do it responsibly.
Always trade with what you can afford to lose.
Fight for your feelings, control your feelings and don't let greed get the best of you.

Apt! Risk and Money Management are key. This is what a lot of hasty and greedy traders don't take to heart.

[Zanab247]

When you know what you are doing you will not hate crypto trading, because you will not trade what will make you to take your life. I know what am saying, because there are some newbies traders that will like to kill themselves for their mistakes not knowing that is not the end of their life if only they can learn more from their mistakes and never to make such mistake again.

No matter what you hear about crypto trading, never you make a decision to jump into trading without making a good research to know how other crypto traders are making profit from crypto trading. When you get a good respond from professional traders it will open many opportunities for you to become successful traders in the future.

[Moreno233]

People are lazy in these days that is why I knew someone who is working in government office quit a permanent job just because he had a very good earning with crypto trading for like 2 months but what he missed is like an entire generation of guaranteed money just for some quick extra money. No one need to do that, just work on your trading skills in your extra hours that you were swiping and scrolling the social media not the time that gives you money.

This is a very touching story and a mistake the person will regret for the rest of his life. Trading requires that you are not under any pressure to win and it is even better when it is not the major source of income. Quitting a high paying job to trade is not a good decision since the trading is not interfering with the job of the man. Maybe being lazy is his problem, he might feel its hard to combine both the job and trading so one should go.

[Bright0515]

The crypto market is very big, no one can even figure it all out even though they take a lot of time to learn and to study the market. Even some that have been around the market for a very long time can't figure it all out talk more of a beginner who's don't know what the crypto space means, such people will will lose so much money before they even realize before they realize their errors entirely. Permit me to say that crypto trading is more like gamble because the moment you think you known what works fine, the next minute it's all gone.

[tvplus006]

...Permit me to say that crypto trading is more like gamble because the moment you think you known what works fine, the next minute it's all gone.

I do not know who first said such nonsense that trading is similar to gambling, but I see that many people repeat this as a mantra. If you don't understand technical and fundamental analysis and rely only on luck when trading, then this is how you turn trading into a gambling game.

[Bright0515]

...Permit me to say that crypto trading is more like gamble because the moment you think you known what works fine, the next minute it's all gone.

I do not know who first said such nonsense that trading is similar to gambling, but I see that many people repeat this as a mantra. If you don't understand technical and fundamental analysis and rely only on luck when trading, then this is how you turn trading into a gambling game.

Well I guess you understand that everyone view things differently. If you can't figure out something and you keep losing, won't you call it gamble?
However, to be sincere here trading is not gamble but when you keep on losing your capital because you don't understand the market, then you can start thinking it's gamble. Many people see trading as a form of gamble because they don't understand it the same way they can't figure out gamble.

[tvplus006]

I do not know who first said such nonsense that trading is similar to gambling, but I see that many people repeat this as a mantra. If you don't understand technical and fundamental analysis and rely only on luck when trading, then this is how you turn trading into a gambling game.

Well I guess you understand that everyone view things differently. If you can't figure out something and you keep losing, won't you call it gamble?
However, to be sincere here trading is not gamble but when you keep on losing your capital because you don't understand the market, then you can start thinking it's gamble. Many people see trading as a form of gamble because they don't understand it the same way they can't figure out gamble.

If we follow your logic, any job would be akin to gambling if it were performed by a novice who lacks the necessary knowledge and experience to do the job. You should call a spade a spade, and if it is difficult for someone to perform Pointe shoes, then this does not mean that ballet has become a gambling game, but only means that he is a bad dancer.

[Vaculin]

There is no wrong with trading if you know how to navigate it responsibly. But if you enter trading because of peer pressures, because of your greed to make instant huge amount of income, because of successful stories of old traders, then cut the illusion of becoming the same trader like them. Trading is never easy and trading is certainly not for everyone.

This is the reason why most of the traders are losing, because they trade not because they are knowledgeable and skillful enough, but they trade because their inner self telling them so to trade and achieve the same success of those pioneer traders.

[Powerjumboo]

Trading is just like gambling.

My sister who thought that she will always be a trader is how out there looking for a job 8am to 6pm everyday, because she lost almost all the money he had made since 2023 in trading.

Trading will only seem like gambling when it is done without trading experience and strategy. When a person has complete trading experience and can follow trading strategy and analyze the market well, then that person can achieve success in the trading platform with his skills but when he does not have these qualities then he will only make losses in the trading platform because he will trade based on assumptions. The person you mentioned here is actually an inexperienced trader who has not completed trading experience and has traded based on complete assumptions due to which he has lost everything in the trading platform. What is really important is that the money should be used according to the losing capacity of the trading platform so that later in life he does not lose everything.