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Author Topic: Are you too good in trading and now earning the money you want to use to hodl?  (Read 38 times)
Oshosondy (OP)
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Today at 12:50:14 AM
 #1

Trading is not a source if income. That is the advise form old traders, but we advise people like that because we want them not to lose money in trading, but eventually some people will become a trader and make money from it. These are the people that will think they should earn money from trading as they later are realizing money from trading and not losing than winning. Such person can turn trading to one of the ways of making money. We do not conclude this because we know traders will find this out but be consii about how trading is very risky like gambling.

Are you so good in trading to the point that trading become the source of income for you?
The second question I will ask is that does trading give you more money for you to invest in crypto for the next bull market? Do not lie.

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Awaklara
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Today at 08:23:27 AM
 #2

Sometimes I still make a profit, but I also experience losses. I still find it difficult to be profitable consistently, especially since I don't trade very often. 
In the past, I always allocated every profit from trading for investment. But profits cannot be continuously obtained. In the end, I also have to decide to take some of the accumulated profits to use as capital for trading again. 
I am not a great trader; I trade with fixed capital. So the profits I earn will be set aside, not added to the trading capital.

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Today at 08:27:11 AM
 #3

I’m not too good on trading and I’m glad I stop trading long time ago to save money which I dedicated for holding instead of risking for short term profit.

I give up already any dream that I can get consistent profit on trading considering how volatile all crypto price. It’s either I’m just completely holding my crypto on hardware wallet or earn small passive profits through staking.



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Today at 08:54:00 AM
 #4

I’m not too good on trading and I’m glad I stop trading long time ago to save money which I dedicated for holding instead of risking for short term profit.

I give up already any dream that I can get consistent profit on trading considering how volatile all crypto price. It’s either I’m just completely holding my crypto on hardware wallet or earn small passive profits through staking.

Sometimes, I still trade though but only feequent times. I dedicated most of my time through defi projects which is more convenient for me as theres some rewards you could get at a very low risk. Like staking process, and other methods in which could boost yield that is good even not comparable to trading results. Well its up to someone whether he got a decent profit or not. Trading is more riskier and not all users can accept such outcome sometimes.

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Today at 10:21:28 AM
 #5

Are you so good in trading to the point that trading become the source of income for you?
The second question I will ask is that does trading give you more money for you to invest in crypto for the next bull market? Do not lie.
Actually we know that trading cannot be a source of income. Although I am not that good at trading but I do trade occasionally, trading has not become a source of income for me. I will not be able to make regular profits. Although I made some profits but again there were losses.

No, rather I have fallen further behind. I lost money trading a few days ago, if I had bought BTC instead of trading then I would have had some more BTC. So I try to stay away from trading for now.

crwth
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Today at 11:13:48 AM
 #6

I would agree more with those making it as a side income. I know that it could be a main source, but it's best that it's not the only one, because you can never know the volatility that you might get with it. Yes, you can earn, but you need discipline.

IMO, the best thing that a trader can do is be consistent with risk management metrics, and have the right risk-reward ratio and the right position sizing when trading in futures. You should expect that it's not a straight path that you can always win.

It is always the trend that wins.

 
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Today at 11:41:16 AM
 #7

Actually, I don't have a large trading capital; I trade, but I don't consider it a source of income because my profits are insufficient to cover my living expenses or feed my family.
I don't touch the profits; I keep them because sometimes I have a losing streak, and if you take your previous profit, your capital will suffer due to negative profit.

Even if I am good at trading, I should not touch them; I need to grow my account first, which is my first goal, and I have a target amount that I need to reach before I can take some of my profits.

Regarding your 2nd question, I haven't decided whether the profits I made from trading will be used to buy more coins. I'm not eager to invest, but I'm waiting for some signs or, at the very least, near block halving because, as in the past cycle, the demand must be high at that time before or after block halving is completed.

BTC is still bearish at the moment, but it is getting weak. The market might shift while the RSI is making a reversal pattern.

To get more advantage analyzing the market, why not try to subscribe to TradingView and unlock the $15 reward from your first subscription?
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Today at 02:00:40 PM
 #8

Trading is not a source if income. That is the advise form old traders, but we advise people like that because we want them not to lose money in trading, but eventually some people will become a trader and make money from it. These are the people that will think they should earn money from trading as they later are realizing money from trading and not losing than winning. Such person can turn trading to one of the ways of making money. We do not conclude this because we know traders will find this out but be consii about how trading is very risky like gambling.
The percentage of people who make money consistently in trading is so small that getting involved in it is much more difficult for most of us today. Initially I also thought that I could make money from trading so that the profits I got could be used to invest in Bitcoin, but on the way it was different and I even had to add other capital when I was involved in trading so that in the end trading was no longer something I thought about.

If trading skills are good and there is a much greater chance of achieving profits, maybe that is true because they can use trading as a place to make money so that the money they get from trading can be used to invest in bitcoin. This is an exception because in my opinion not everyone can be successful in trading so this is seen based on each individual's ability to utilize existing potential.

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