QUIT "Trading", JUST HODL Bitcoin

[Sandra_hakeem]

This is what I've always suspected. There's no way one would claim to be a pro trader, but make comments like what we normally see in here. It's either they tried and crashed so hard that they now assume nobody's making anything off of it, or they just raise these argument to inflict their post count.

The fact is, newbies or those who don't have much knowledge about trading are the one who don't make any profit because there's no shortcut in trading

Surprisingly, the majority of self-made traders today are noobs who, as a result of greed and frustration, have funded and lost, rinsed and repeated the same process without sparing out the time to study. How many times have we seen topics in this section of people comparing trading to gambling? Plenty times. So if the same set of people come out to say stuff like "only 1% of traders make profit", it's not a shocker.

you need to study and learn from the market, not from the analysis of others, because we have different ways to analyze the market, but in the end the result is similar to pro traders' analysis.

I hope more real traders come from this section who know more about technical analysis, not just a random guy who has a negative mindset about trading.

I just hope so.

[SquirrelJulietGarden]

Surprisingly, the majority of self-made traders today are noobs who, as a result of greed and frustration, have funded and lost, rinsed and repeated the same process without sparing out the time to study. How many times have we seen topics in this section of people comparing trading to gambling? Plenty times. So if the same set of people come out to say stuff like "only 1% of traders make profit", it's not a shocker.

Self-made is likely for people who succeed in something like self-made millionaires, self-made billionaires, and i don't think this term is appropriately used here. Like noobs, newbies in trading, they mostly lose money, get losses, so without profit and super good profit from trading, it's not rightly to call them as self-made traders.

Trading is a hard core challenge for all traders, from newbie traders to senior members and the market is always the same year by year, over a long time, as most traders in the market have losses and it's true for all types of traders from amateur, newbie to senior. Newbies have more risk of failures and get losses in trading but it does not mean among senior traders, they would have too good profitable and successful rates.

[Wind_FURY]

Trading is never a must, like everyone should enter trading because of its promising profits. But its certainly a choice, a choice not to enter trading and stick to hodling alone, or a choice to enter trading but on a more responsible manner.

However, just like your title says, quit trading, I don't think that's applicable for everyone. There are still traders who are motivated enough to pursue their trading career because they believe that they'll be future good and profitable traders, and hodling alone they don't see theirselves gain future satisfaction.

We definitely will not convince everyone to save their money and use a strategy that they will have an edge. Plus we're merely suggesting. If they still want to gamble with their money, then OK, it's their money = choose their path.

But with enough time and losses, we'll be here to tell them to Give HODL a chance.

[Sandra_hakeem]

Surprisingly, the majority of self-made traders today are noobs who, as a result of greed and frustration, have funded and lost, rinsed and repeated the same process without sparing out the time to study. How many times have we seen topics in this section of people comparing trading to gambling? Plenty times. So if the same set of people come out to say stuff like "only 1% of traders make profit", it's not a shocker.

Self-made is likely for people who succeed in something like self-made millionaires, self-made billionaires, and i don't think this term is appropriately used here. Like noobs, newbies in trading, they mostly lose money, get losses, so without profit and super good profit from trading, it's not rightly to call them as self-made traders.

You didn't suggest an alternative term to have replaced it with, so I assume there's no correction there.I think self-taught should have fitted better in that context. Either way, we all got the point I was trying to make.

Newbies have more risk of failures and get losses in trading but it does not mean among senior traders, they would have too good profitable and successful rates.

This topic wasn't about whether or not the rates for pros are higher than for the noobs (of course that invalidates the argument), OP made a false assertion. Lack of discipline and risk management will always pu you below the average.

[justdimin]

Trading is never a must, like everyone should enter trading because of its promising profits. But its certainly a choice, a choice not to enter trading and stick to hodling alone, or a choice to enter trading but on a more responsible manner.

However, just like your title says, quit trading, I don't think that's applicable for everyone. There are still traders who are motivated enough to pursue their trading career because they believe that they'll be future good and profitable traders, and hodling alone they don't see theirselves gain future satisfaction.

Yeah, people need to understand that just because they are in the market, and now know about cryptocurrencies and how they bought and sold, it doesn't necessarily mean that they should become traders, one can simply stay in the market as only an investor and that's just fine, as long as you feel you are not very knowledgeable about the market and the cryptocurrencies, and you don't know how the market moves and when you should buy and when you should sell, you should simply stick to making investments and holding them for long-term instead of experimenting with your money and then eventually losing it.

There are people who are just investors, who simply buy Bitcoin when its low, and sell it when it goes high, and they don't do this in the short-term, but they buy in the bear market, and wait until the bull run so that they can get better profits. That is easier, and it doesn't need any technical knowledge or anything, basic knowledge about Bitcoin and the market is enough for you to do that because anyone can know when it's the bear market and when it's the bull run and then they should make their buys and sells according to that.

[bangjoe]

Trading is never a must, like everyone should enter trading because of its promising profits. But its certainly a choice, a choice not to enter trading and stick to hodling alone, or a choice to enter trading but on a more responsible manner.

However, just like your title says, quit trading, I don't think that's applicable for everyone. There are still traders who are motivated enough to pursue their trading career because they believe that they'll be future good and profitable traders, and hodling alone they don't see theirselves gain future satisfaction.

We definitely will not convince everyone to save their money and use a strategy that they will have an edge. Plus we're merely suggesting. If they still want to gamble with their money, then OK, it's their money = choose their path.

But with enough time and losses, we'll be here to tell them to Give HODL a chance.

Thanks for that...
 
We have quite a lot of perspectives here and yes some people believe in trading and still have great hopes in a career as a trader, they still have a very ambitious spirit in this field, so yes it's about life choices, because if you can make it into the pool of 5% of successful traders it will return the time in learning long enough.
 
BTW, I have doubts about my trading activities because last year was really bad for me, I wanted to quit and focus more on spot, but there is still a little hope, I trade with smaller volumes and focus on developing skills and strategies only not on the profits to be achieved like most people who end up losing when only talking about profits, I also consider what is in the OP that it is not only about technical analysis we also need better tools such as Glassnode and others and information sources such as some traders suggest having a Bloomberg terminal to access information faster.

[Byebyebtc]

So you are basically advising individuals with goals to be a successful trader to quit?

Do you also know that 50 - 60 percent or long term investors underperform the market over a long time and they end up giving up, I'm this situation you didn't just loose money you also lost a very big chunk of time.

So bro Evey thing has its own risk, but the risk rates are just different.
different individuals move into things at their own cost and stake, yes the risk rate might be high but it can still change if more people becomes success in it, traders are fully aware of the risk involved but still go anyways, even if they Fail its always worth a try

[Powerjumboo]

Honestly, I don't know why anyone that wants to pile up wealth for himself in future through bitcoin will jump into trading when we know that trading puts you into losses consistently in the long run because no one can predict the next price movement of bitcoin. They feel because the chart is there but at the end their technical analysis disappoints them and they will put the blame on someone for their losses.


Newbies should ignore trading and put more time into bitcoin long-term investment so that, they wouldn't be wasting their time, resources and energy trading for nothing.

This is very much true that majority lose money in trading. Its important to figure out yourself that whether you can handle wild fire of trading or not, the early you figure this out better it is for you. I don't do trading because I have figured it out that I can't handle it and that's the reason why I switched to hassle free strategy i.e. long term investment. There are traders who are getting good return from trading but they are very few in numbers. Make your decision wisely on whether to go for trading or long term investment because in the end its the individual who will bear the loss.

Trading is a very risky platform, it is not easy to make money from a trading platform. It is very difficult to make money from a trading platform. Those who trade with speculation on a trading platform lose their money most of the time. I am like you, I always stay away from trading platforms because when I know nothing about trading, when I have to trade with speculation, trading becomes very risky for me, in short, it becomes like gambling because I do not know much about trading. The number of traders who get good returns from a trading platform is really very few because not everyone can analyze the trading platform well and is not experienced. However, it is always better to go ahead with the investment and invest for the long term.

[Wiwo]

Trading is never a must, like everyone should enter trading because of its promising profits. But its certainly a choice, a choice not to enter trading and stick to hodling alone, or a choice to enter trading but on a more responsible manner.

However, just like your title says, quit trading, I don't think that's applicable for everyone. There are still traders who are motivated enough to pursue their trading career because they believe that they'll be future good and profitable traders, and hodling alone they don't see theirselves gain future satisfaction.

We definitely will not convince everyone to save their money and use a strategy that they will have an edge. Plus we're merely suggesting. If they still want to gamble with their money, then OK, it's their money = choose their path.

But with enough time and losses, we'll be here to tell them to Give HODL a chance.

Most lucrative business and assets class like bitcoin are not most advertised or talked about in the public, this is why we can say yes holding bitcoin and applying the DCA method to your bitcoin accumulation is a sure path way to building wealth, this is why gambler's can't build consistent wealth and even trader's too.

Although the profits may be high sometimes when the trade goes in they favour but not all the time and their ratio of losses are far more than the amount of loses they incurres from trading.

I am an active trader and I do alot of discretion to my over all trading amount and also make sure to use the money that I can afford to lose after setting aside my bitcoin buying capital via DCA.

[Wind_FURY]

Trading is never a must, like everyone should enter trading because of its promising profits. But its certainly a choice, a choice not to enter trading and stick to hodling alone, or a choice to enter trading but on a more responsible manner.

However, just like your title says, quit trading, I don't think that's applicable for everyone. There are still traders who are motivated enough to pursue their trading career because they believe that they'll be future good and profitable traders, and hodling alone they don't see theirselves gain future satisfaction.

We definitely will not convince everyone to save their money and use a strategy that they will have an edge. Plus we're merely suggesting. If they still want to gamble with their money, then OK, it's their money = choose their path.

But with enough time and losses, we'll be here to tell them to Give HODL a chance.

Thanks for that...
 
We have quite a lot of perspectives here and yes some people believe in trading and still have great hopes in a career as a trader, they still have a very ambitious spirit in this field, so yes it's about life choices, because if you can make it into the pool of 5% of successful traders it will return the time in learning long enough.
 
BTW, I have doubts about my trading activities because last year was really bad for me, I wanted to quit and focus more on spot, but there is still a little hope, I trade with smaller volumes and focus on developing skills and strategies only not on the profits to be achieved like most people who end up losing when only talking about profits,

It's not just you, it's probably ALL plebs like us in BitcoinTalk who had a bad year in "trading" without an edge. I believe that some professional traders too had a bad year in crypto.

 I also consider what is in the OP that it is not only about technical analysis we also need better tools such as Glassnode and others and information sources such as some traders suggest having a Bloomberg terminal to access information faster.

 

Laughable, and a waste of Bitcoin.

All you need to do is save money, Buy the Bitcoin DIP, and HODL. Or DCA and HODL.

Give HODL a chance

[Dow633]

Crypto like any other trade or stock gotta do with risk, I’ll always advise my trading cilents and mentors to stake what they can afford to lose because that the nature of the market. I got 5 years experience and also got a certification consortium. Losing and winning it’s part of the games. 15482967167 if you’re interested in crypto advice you can also contact me on WhatsApp

[Johnlomape]

Trading is never a must, like everyone should enter trading because of its promising profits. But its certainly a choice, a choice not to enter trading and stick to hodling alone, or a choice to enter trading but on a more responsible manner.

However, just like your title says, quit trading, I don't think that's applicable for everyone. There are still traders who are motivated enough to pursue their trading career because they believe that they'll be future good and profitable traders, and hodling alone they don't see theirselves gain future satisfaction.

We definitely will not convince everyone to save their money and use a strategy that they will have an edge. Plus we're merely suggesting. If they still want to gamble with their money, then OK, it's their money = choose their path.

But with enough time and losses, we'll be here to tell them to Give HODL a chance.

You have said it all and the hood traders that are advising the upcoming traders can not force them to follow the right path that will prevent them from losing what they have left in trading.  It is either we hold as an investor or we trade tokens as a trader which the two have different risks that needed to be taken.

 As an investor, I can decided to buy Bitcoin and hold waiting for a longer time before selling it so I can make profits. This can take weeks, months or years before I decide to sell what I have in my portfolio. The risk is smaller here compared to when I am trading everytime for me to be profitable without waiting to hold Bitcoin for several months or years to be profitable.

[LastKiss]

I'm posting the link for this blog without further comment.

Different studies show failure rates between 80–95%, but here’s what’s really happening:

The 6-Month Reality Check: Most new traders blow their accounts within six months. Not break even — completely lose their capital.

Many traders lose money at the beginning and I’m one of them. If the statistics were reversed and more than 80% of traders were successful, I believe HODLing wouldn’t be as popular and many people would choose trading instead. Although many people still trade crypto, I believe that once they get tired of losing, they will eventually learn the importance of HODLing their Bitcoin.

However, there are still some people who profit from trading. They are very disciplined and don’t become greedy when looking for opportunities. They use proper risk management, avoid panic selling and avoid when using a feature like futures trading.

Many traders lose money because they are too greedy and lack mentality. I often see people using very high leverage, trading high volatile altcoins and panic selling when the price drops instead of buying. Because of this, I think not everyone is capable of becoming a trader. Trading is not easy you need strong mentality, strategy, patience and discipline, especially when facing a lot of FUD in the market.

Meanwhile, many people want to become traders because they think it is easy. Unfortunately, this often become double edge sword for them and they end up losing money in the beginning. After a few months of losing, some people stop trading while others improve and become better traders. Those who keep forcing themselves to trade usually end up buying trading signals or blindly following influencers.

[TheUltraElite]

Courses on trading are sold to make the creator rich, not the trader.

But people understand this a lot later after buying and completing the course not before that. Similarly gamblers who sell their products make money from that merch and other shit not by gambling.

So it goes without saying that being educated about trading does make equal to success in trading. That depends on your execution of trades, their timing and your patience along with luck.