Profitable but still called bad trade.

[snowpega]

<...>

Those trades that are done on the basis of luck and make anyone profit are considered gambling, not trading.
Trading really requires one to have a lot of knowledge about FA(fundamental analysis) and TA(technical analysis). Having too much knowledge still doesn't make you sure you will always win every trade you are going to open due to the crypto market's unpredictable and volatile behaviour. While taking any trade, one must remember to follow every possible risk management strategy to avoid losing maximum capital in a single trade.

These days, the trading space is really messed up due to newbies' insufficient knowledge and understanding. They think it can make them rich overnight by following other shared signals and following copy trading. Such things are really not advisable, as they involve higher risk. Well, this is my point of view on this. What do you think about this?

[Ndabagi01]

The most important thing for any trader to take seriously is effective risks management. Anyone who understands the concept of risks management will understand what op is saying.

Risk management is key in every investment, in this context, trading can also be called an investment because it is done in order to profit from. When you have a good risk management approach, you’re already one step closer to becoming a profitable trader irrespective of how the market is structured and performing in generally for all. Everyday is not a good day for trading but the better days will give you back what you’ve lost in the past if you follow a pattern that works for you best while upholding the risk management principle all the time.

[Pressurizedem]

I don't see why a trade should be called a bad trade if it brings profit or if it was profitable. One thing I know is that trading always come with complications and difficulties, but the ability to still keep your head cool even when it looks as if you are on the verge of loosing is what makes it Interesting at the end when you've gained. So many persons panic, especially when the market seem to get tensed up and complicated, and it's seems their money is about to be lost,  and it is at that point that patience is needed most. Discipline and patience are two tools that are needed in those situations so that you won't have heart attack.

Moreover, it is important that after making investments on a particular project or after trading,  it is necessary to immediately remove your mind from it, get your mind off it as fast as possible so it won't affect you emotionally if you lose your money. Always note that the money used for trading is a wasted money, if it comes back bringing profit, better, if you lose, no need to cry.

[Queentoshi]

With your own true experiences share your disagreement and agreement with about his idea

The writer may be making some sense but I don't think that everybody judges a good and a bad trade based on the same criteria for instance for some persons a good trade is simply a trade that yields them profits, that is simply good enough for them to consider the trade good, but for that person like the writer, a good trade does not always mean a trade that ends in profits but a trade that goes further to satisfy another requirement that he has set. Some persons may set more extreme requirements a trade must fulfil before they see it as a good trade. A good trade must end in profit in my view, when it ends in profit, that itself is a good trade before any other requirement.

[2Pizza410000BTC]

The best trade is when the market is very volatile and the position opened is against that trader, but the trader still manages to lose just very little amount of money or in a way that the trader will still make money later after all what that happened. A trader that can fall into this situation many times and still be able to make good decisions and make either little profit or little losses are the real good traders.

Yes, of course, the trader who can continue trading with a cool head after making a profit or loss is the real trader. Making profits and losses all the time is not a sign of a good trader, but the person who can keep his mind calm after making a profit or loss and can trade without any worries in a healthy mind is the real trader.

[As-Soon-As]

From an objective standpoint read what this trader had to say base on his experience as a trader that has being trading for years just as you. With your own true experiences share your disagreement and agreement with about his idea

[

Many people do trading in many ways, but in my case, I do average trading weekly. Not every trade is profitable, you have to be patient for some time, so in his case too, maybe he makes a profit average weekly or monthly so that it remains profitable. Therefore, without proper time and control of market conditions, trading success is not possible, the average result of trading is determined based on market conditions.

[Cgrexp]

The best trade is when the market is very volatile and the position opened is against that trader, but the trader still manages to lose just very little amount of money or in a way that the trader will still make money later after all what that happened. A trader that can fall into this situation many times and still be able to make good decisions and make either little profit or little losses are the real good traders.

Yes, of course, the trader who can continue trading with a cool head after making a profit or loss is the real trader. Making profits and losses all the time is not a sign of a good trader, but the person who can keep his mind calm after making a profit or loss and can trade without any worries in a healthy mind is the real trader.

The identity of a real trader is not limited to profits. His true skill is revealed in making rational decisions, controlling his emotions, and being able to follow his plan even in adverse situations. It is not possible to know the outcome of a decision in trading with certainty in advance. No matter how good your analysis is, even the right decision can lead to losses due to market uncertainty. It is not logical to judge the skill of a trader just by whether a trade is profitable or not. Usually, inexperienced traders become overconfident when they are profitable and think that they understand the market. They take more risks than necessary. On the other hand fear and anger affect their decisions when they are losing. A real trader understands that the market will not follow his personal wishes or expectations. As humans it is natural for all of us to feel fear, frustration, joy or uncertainty. Real mental strength is not letting these feelings control his decision-making ability despite having them. Most importantly, true success in trading depends on making good decisions consistently over the long term not on making profits on every trade. It is not possible for a trader to beat the market every time but it is within his control to try not to make the same mistakes over and over again because of his emotions.

[atookz]

it is not essential to strive for every single trade to be profitable. Instead, the goal is for the average outcome of these trades to be profitable, thereby generating more liquidity for users.

Agreed, but make sure it’s expected value and not win rate. If someone wins 40% of the time for 3R and loses 1R on every loss, they are up 0.6R per trade, but if they win 90% of the time for 1R and lose 10R on every loss, they are down 0.1R per trade. But a good expected value is only important if you are still in the game to pick up the prize, so position size is just as crucial as the strategy is.

What do you think is more difficult for a trader, following a strategy during a loss or controlling greed after making unexpected profits?

Losses hurt more, but surprising wins worry me more. When you lose, you feel the pain and you know, kind of, when you’re about to revenge trade or move your stop. But when you make a surprising profit, it feels good, as if you are right, and that’s when people begin to upsize and bend their rules. There is even a term for this phenomenon: the house money effect. What works for me is to not consider the result of the previous trade when sizing the next one, which means I don’t have to make that decision when I feel like I am on a winning streak.

[Supreme Donvic]

The most important thing for any trader to take seriously is effective risks management. Anyone who understands the concept of risks management will understand what op is saying.

Risk management is key in every investment, in this context, trading can also be called an investment because it is done in order to profit from. When you have a good risk management approach, you’re already one step closer to becoming a profitable trader irrespective of how the market is structured and performing in generally for all. Everyday is not a good day for trading but the better days will give you back what you’ve lost in the past if you follow a pattern that works for you best while upholding the risk management principle all the time.

Yeah, if you are a trader or a long time bitcoin investor and you are not applying this management you will actually get yourself into problem, as a trader it is very important that you apply risk management because it helps you protect your capital, control losses, and stay in the Bitcoin trading market for the long term. It doesn't guarantee profit, but it helps you avoid losing too much when a trade goes against you. You cannot do without risk management as a trader you need it to survive, the reason why a lot of people have lost their money and have even stopped trading is because they did not apply risk management.
Some traders don't understand the importance of risk management because they did not learn how to trade very well they just jump into it because they wanted quick money.


~Supreme

[Byebyebtc]

Learn the market man and try to get good trades that's all I have to say,
To me with the experience I have, the fact that you will take a gamble and win a trade shows that you do not even have an A+ set up and even if you do there is no guarantee for consistency for such a set-up.

You know you have to be in another level of trading to know that there is no way you will take a gamble on trading and if you still feel like you can take a gambling then you have a really long way to go, even your so called A+ setup might not really be an A+ setup,

I just hope you understand what I mean here man.

Like there are basically somethings that show that someone is a good trader, and if he or she has an A+ set up it will definitely have a higher chance of a good trade, but there are also some things that shows that one is not a good trader and his so called A+ set-up isn't really an A+
And the fact that you still entertain gambling in trading shows that your not a good trader.

[GbitG]

From an objective standpoint read what this trader had to say base on his experience as a trader that has being trading for years just as you. With your own true experiences share your disagreement and agreement with about his idea

[

Many people do trading in many ways, but in my case, I do average trading weekly. Not every trade is profitable, you have to be patient for some time, so in his case too, maybe he makes a profit average weekly or monthly so that it remains profitable. Therefore, without proper time and control of market conditions, trading success is not possible, the average result of trading is determined based on market conditions.

Let's me elobrate it more. Looking for tarde in every move is not the best thing like some people just try to catch every move and that's why they have been always end up in red pnl. Being a human we can't associates with a lot thing like big players made such structure which retails make confused. They look for buy despite big players want sell and if they sell big players buy. So all the time we have such two minded structure in screen and when price try little drop we just got panic and try to exit position but big players twist into buy again and that's why we switching between buy and sell.....

So at results you miss the real move in illusion of small move. So as myself I took only 2 trades and even sometimes none but always try to pick form low and sell it at high with full push. I always neglect minor pullback....

[Silverstonez]

From an objective standpoint read what this trader had to say base on his experience as a trader that has being trading for years just as you. With your own true experiences share your disagreement and agreement with about his idea

[

We all see things differently, so the trader has just shared their own perspective.  I can’t agree or disagree with the trader’s opinion, as everyone is entitled to their own point of view. All I can say is that, the trader actually made sense, base on how I see things from my perspective. You can’t break your own rules and enter a trade and then just because you luckily or accidentally made some money from it, you call it a good trade.

[hafiztalha]

It's true that risk management is the most important and essential part of trading but on good days I mean, better trading days recovering previous losses is completely wrong because sometimes we follow the same strategy again and again but sometimes it creates good opportunities; sometimes it doesn't. It depends on time, analysis, market conditions, etc. Risk management is just an indicator or we can say a thing which shows us losses we get through how much we can afford to lose in trades but if our trading strategy doesn't have real edge it's of no use. One pattern can work on one market but it may fail on another depends. That's why we traders need to review our previous results before investing in next trade.

[ZAINmalik75]

I don't see why a trade should be called a bad trade if it brings profit or if it was profitable.

Not a bad trade based on the outcome because obviously if a trade turns out to be profitable, it can't be considered bad because of the result, but it can be considered a bad trade based on the process and how it was done. If you are making trades with no proper planning or understanding what you are actually doing, then you are basically just gambling with your funds, and that is not how trading should be done. If you want to try your luck, do it in gambling, trading is not the place to do that.

Always note that the money used for trading is a wasted money, if it comes back bringing profit, better, if you lose, no need to cry.

I disagree with this statement. You are again using a statement that should generally be used for gambling, because trading is different than gambling and it should be treated like that as well. One shouldn't think that the money they are going to use in trading is wasted or is going to be wasted, but they should just know the risks associated with trading, because if you enter the market with such a mindset, you won't be able to do it properly.

[Brizi5000]

This sometimes is as a result of impatience with most investors turned traders because of quick profit. The goal is to make profit but before then an initial strategy has been in place but due to greed and lack of patience the initial plan wasn’t followed. Think of how much more profit that would have been made if the initial plan was executed correctly without attempting a quick one and then make a u-turn out from  the initial plan. Breaking Risk managements structure is also a factor why most trades are seen as bad trade.

[SamReomo]

If someone makes profit from a trade by chance then that is not a good trade but if the same person makes multiple times that profit by following a good strategy then he is a good trader.

One profitable trade won’t make someone a good trader but if someone can do 100 plus such trades then that person is good at trading because luck can work one time or even 10 times but not 100 times.