You think if you have high amount of money, you will be a profitable trader

[Promocodeudo]

The most important thing is to be good with risk management, having a high amount of money doesn't really mean that you will be a profitable trader If you lack strategy. I would not even advice anyone to start off trading with a large amount because no matter how good you think you might be the crypto market doesn't always go in the direction that you think it will, this is why risk management is very essential. Having a high amount can increase the chances of making huge profits but without proper skill set that would only be detrimental to you.

Being a profitable trader is not tied to the amount of money in your trading account or the one you have to deposit, you must have have the right skills, if you want to succeed in trading, so yea, risk management is very essential as it's forms part of what helps a trader to succeed especially in terms of decision making, money is just there so that one can trade with it, but if a trader has no direction and lacks skills that can help him navigate through the market to know when to discontinue a trade or apply other means of not losing totally, such trader might end up being emptied.

[Awaklara]

Being a profitable trader is not tied to the amount of money in your trading account or the one you have to deposit, you must have have the right skills, if you want to succeed in trading, so yea, risk management is very essential as it's forms part of what helps a trader to succeed especially in terms of decision making, money is just there so that one can trade with it, but if a trader has no direction and lacks skills that can help him navigate through the market to know when to discontinue a trade or apply other means of not losing totally, such trader might end up being emptied.

Of course, having a large capital does not determine whether the trade conducted can be profitable. But capital is still important for traders to have, even if it is small.
Having a large capital should be an added value for those who are just starting to trade. However, what is more important is skill and understanding. The focus remains on increasing the available capital. There is no guarantee of continuous profit, but those who trade with a good plan will certainly minimize the risk of loss.

[henmark]

You know there are people who prefer trading than bitcoin holding because they want faster results, and to me this faster results is what is leading them to bigger losses. Having a lot of money doesn't doesn't make one a profitable traders, in fact this mindset alone can take a trader from big bag to an empty bag. Because what qualify someone to be a real trader isn't money but discipline, having plan, controlling emotions and understanding the risks.

Some traders have a characteristic that when they take a new trade, they do it with the hope of getting a quick profit from it, but when they realize that taking that trade was wrong for them, they try to hold it. This is one of the reasons for trading losses for such traders. If an investor has enough money, long-term Bitcoin investment is safer for him. The trader needs to do a lot of analysis for trading, especially the entry exit and decision-making in advance. He also needs to be aware of leverage and spot loss. That is, trading is definitely not easy for the trader. Those who hold Bitcoin for a long time have the advantage of investing without pressure. Although neither trading nor holding guarantees profit, if you analyze the previous data and consider it, holding is a much more profitable and relatively safe investment than trading.

Learning from our mistakes is what can make us a profitable trader. Ignoring those mistakes would only make us reckless. If we know that the position might dent our portfolio, why not close it with minimal loss and invest the remaining time in looking for new opportunities? I was among those who prefer not to close the position even if the market direction is completely opposite. I used to always think that there might be some miracle and my loss making trade can start showing profits.

It was very difficult for me to change this habit and I am grateful I did. I can only imagine about the losses I would have had to face if I still continued holding loss making positions.

[snowpega]

Of course, having a large capital does not determine whether the trade conducted can be profitable. But capital is still important for traders to have, even if it is small.
Having a large capital should be an added value for those who are just starting to trade. However, what is more important is skill and understanding. The focus remains on increasing the available capital. There is no guarantee of continuous profit, but those who trade with a good plan will certainly minimize the risk of loss.

There is no doubt that big capital can offer good money to those just even trading in the spot section, right? But why don't people understand the very basic fundamental that if big capital can help you make big profits but at the same time it can also lead you to big losses as well. So, people always think about having just profits, not about losses, right?

This is not a good thing, and it would not be wrong to say it is an impractical thing. As a good investor, you should think about all possible scenarios before taking a trade with big capital by considering both parts of this story. Because if you consider both factors at the same time, you will manage your risk accordingly in any trade. Well, this is my point of view. What do you think about this?

[Arenga pinnata]

The results that you get from trading isn't really dependent on the amount of money that you have, although there's kind of an increased chance of making a reasonable amount of money if you have a high capital but it doesn't beat having knowledge and skills. There are traders that have been able to achieve something significant from starting with a small amount of money because they were patient, consistent and disciplined. Being able to leave emotions out of it and trade based on strategy you would be a successful trader even though you don't start up with a high amount of money.

Well, actually, it’s not really about the size of one’s capital, whether large or small but rather about how well a person understands and manages their emotions, risks, and money or the capital itself. This is because sometimes a trader is able to generate consistent profits with a small amount of capital, but when they start increasing their capital, they actually begin to lose that consistency in making profits. Here, a trader must realize the limits of their ability to control the psychological pressure of trading. The larger the capital used, the greater the pressure a trader feels. Even if they typically analyze well and execute trades without hesitation, driven by the confidence that comes with using a small amount of capital, they can become indecisive when using a large amount of capital, which can cause them to miss out on favorable market momentum.

[Doll2233]

Learning from our mistakes is what can make us a profitable trader. Ignoring those mistakes would only make us reckless. If we know that the position might dent our portfolio, why not close it with minimal loss and invest the remaining time in looking for new opportunities? I was among those who prefer not to close the position even if the market direction is completely opposite. I used to always think that there might be some miracle and my loss making trade can start showing profits.

It was very difficult for me to change this habit and I am grateful I did. I can only imagine about the losses I would have had to face if I still continued holding loss making positions.

If someone has enough sources and also has a good mind, he can surely learn and also have a good chance of taking profit because every human makes mistakes, but the fewest have the mind to accept them and then learn from these because this always increases confidence and gives way to good success.
People who never change their minds and stay with strategies that are not helping are always struggling and have problems with big losses. Trading needs frequent changes due to its nature, but it also needs good funds for keeping things in balance. Losing has never been the end for anyone; it's always part of trade or business, but keeping full concentration and also having changes always increase success.
Having good knowledge of risk management will also give better results, but staying in loss without having changes never brings profit or a positive end to anything.

[Cheema02]

Of course, having a large capital does not determine whether the trade conducted can be profitable. But capital is still important for traders to have, even if it is small.
Having a large capital should be an added value for those who are just starting to trade. However, what is more important is skill and understanding. The focus remains on increasing the available capital. There is no guarantee of continuous profit, but those who trade with a good plan will certainly minimize the risk of loss.

Having a bigger capital doesn't increase the chances of making profitable trades, but it just increases the profits that one gets from their trades. This means that if you are making a trade worth $100 and getting 20% profits on it, you will only get $20, but if the same trade is made with $1,000 then you are going to get $200. That is the positive side of having a larger capital because you can maximize the profits that you can get, but that doesn't mean that just by having a larger capital, you will have more chances of making profits.

Another positive thing about having a larger capital is to have enough backup funds to make more trades if a situation for it occurs. For example, you make one trade, and you don't use stop-loss with it, and the market goes completely against your trade or your prediction, and you get your funds stuck in that trade. Now if you don't have more funds, you will just need to sit and wait until you get to close that trade, but if you have more funds, you can make more trades based on market conditions without having to wait.

[Elainebue]

Having more capital definitely doesn't automatically make you a better trader. Risk management matters way more than the size of the account.

[Cossyblack]

If you have higher amount of money, but you are losing while trading with lower amount of money, the chance that you will make money in trading is still very low.

Your success in trade depends on your mindset and skills,if you have the right mindset but your skill is still poor,the chances that you will be losing money on a daily basis is high. you need to have both, the right mindset and a reliable skill that works best for you..It is only you that can develop a skill that can work for you. Sometimes,the mistake some traders makes is that they copy other traders strategy and add it to theirs, they fail to realise that what works for these trader might not also for you that's why you should develop your skills rather than copying from others.
if you have been losing with small money,then what makes you think that you will not lose with higher amounts of money? you need to understand that trading with a higher amount of money won't guarantee you any success,if you can't make profits with a lower amount then that means you still will not make profits with a higher amount of money,there are no two ways about it.