‎The reality of investment and trading

[SDS11]

‎People have been getting something twisted about trading and investment and sadly I was among these folks. it is not only Bitcoin investment that demands long term mindset to be profitable or rich in it but also, trading demands long term mindset in order to be profitable or rich in the long run but this have been twisted that people trade to become rich overnight when in reality it is very far from that which I know is the reason people trade but you can not get rich overnight in trading unless you are very fortunate but guess what, in trading "been fortunate or lucky" is not a strategy and it almost doesn't exist.
‎
‎That been said, to be profitable or rich in trading you need to have a long term mindset because in the next 1-3 years of your trading journey you will still be making losses like someone who hasn't known anything yet untill you discover a strategy, a set of rules, cues etc that always gives you profit and once these are observed and simplified, you will see yourself getting results and replicating it because you have mastered the things that always makes you win but here is the funny thing about trading, regardless of how strong and good your strategy is, you will still make loss and the reason is because market do change pattern sometimes and it only takes wisdom, discipline and understanding to respect the market because loss is also part of the game. most of the people we call professionals and profitable traders doesn't become rich or profitable immediately they started trading but rather it took some of them years to discover what they were supposed to do.

[Mr_Brilliant$]

Look at it like this, anything that is worth building needs time and dedication and that is still long term. When building a business, does it take 4 weeks for it to be well established? Even the best companies of all time took them years. Now to be wealthy or rich, there is a level of sacrifice you have to give to that thing to make it work for you. No one will do it for you, only you can do it. Let's go this route too. To learn a skill you need an amount of years and dedication too. So anything that is worth building takes time. Trading or investment. You need to sit down and learn a lot about it or you will loose money to the wind anyhow. Learn and then earn.

[7juju]

Can you confidently be trading for 4 years and above without any making any profits and you still continue trading without giving up? If a trader record losses throughout the week or throughout the month, they are already restless and worried. Why are they worried, they want to be making profits immediately.

That is why it is often said that traders are more concerned about the immediate profits. I haven’t seen that trader that will trade for complete one year and don’t make profits and the trader will keep trading. But you will see long term investors being relaxed and settled for years with their bitcoin investments because they are aware that making profits will take years to happen. So people are not wrong when they associate traders with getting rich quick mentality.

[I_Anime]

‎People have been getting something twisted about trading and investment and sadly I was among these folks. it is not only Bitcoin investment that demands long term mindset to be profitable or rich in it but also, trading demands long term mindset in order to be profitable or rich in the long run but this have been twisted that people trade to become rich overnight when in reality it is very far from that which I know is the reason people trade but you can not get rich overnight in trading unless you are very fortunate but guess what, in trading "been fortunate or lucky" is not a strategy and it almost doesn't exist.
‎
‎That been said, to be profitable or rich in trading you need to have a long term mindset because in the next 1-3 years of your trading journey you will still be making losses like someone who hasn't known anything yet untill you discover a strategy, a set of rules, cues etc that always gives you profit and once these are observed and simplified, you will see yourself getting results and replicating it because you have mastered the things that always makes you win but here is the funny thing about trading, regardless of how strong and good your strategy is, you will still make loss and the reason is because market do change pattern sometimes and it only takes wisdom, discipline and understanding to respect the market because loss is also part of the game. most of the people we call professionals and profitable traders doesn't become rich or profitable immediately they started trading but rather it took some of them years to discover what they were supposed to do.

Speaking base on experience you don’t need that long to be profitable in trading , and also know this been profitable doesn’t mean you will no longer experience losses same goes for having a good trading strategy. Building a good trading strategy will always increase your chances of being profitable but not to make losses completely avoidable , though it can help make it negligible with good risk management.

It’s not just trading and investing that require time, other aspects of your life do too. Like when you are learning a good pay skill or building a business (or a brand ) , like they say  Romes wasn’t built a day . Like I tell folks it doesn’t take much time to learn a trading strategy but it takes time to master it .

[Sticky Bomb]

most of the people we call professionals and profitable traders doesn't become rich or profitable immediately they started trading but rather it took some of them years to discover what they were supposed to do.

Professionalism isn't attained easily, so it takes traders some good time to start getting good profits from their trades. Discipline is very important in trading, you should've portfolio size you use for each trade and never bring emotions in into it. Some people actually make good profits from trading but it takes a lot of efforts to master your strategy.

Investment is always encouraged the more since you don't need any special skill to buy and hold Bitcoin, as long as you've discretionary income, you can always keep buying and hold in a non-custodial wallet which is open source and secured. From Bitcoin Price history, holders are in bigger profits since the price appreciates over a long-term duration.

[Karl_3000]

It will be very good if not trading at all because trading is very risky, it will look simple but when you start to trade with money, you will see how hard trading is. It is better you hodl your coin than to using your money to trade especially if you habe been trading but you are losing. I am not against long term trading which can be seen as holding too bit I am against those short term traders because most of them are just losing and using the money that they supposed to build wealth on trading and losing it. Anyone that is very patient can trade but how humans are, most people can not be a good trader.

[MainIbem]

Although i understand what you mean but you should understand that investing and trading are a different thing altogether, while one requires homding Bitcoin longer for future profits the other using calculated/speculative effort for possible gains within a short period and what makes them similar based on your context is that a trader and investor should be disciplined for long term. It's in the discipline o talked about that the long term mentality falls in and not in becoming rich.

[BIT-BENDER]

Making losses in trading is not about how long you have been trading. I don't like to see some of these confusing formulars to being successful in trading that absolutely don't work.
Long term investing in Bitcoin is a successful formula but long term doesn't affect trading that much.
Some people would say that they made the most losses when they were beginners because there was a lot of wrongs being done at the beginners level that they started to correct.

[SDS11]

Can you confidently be trading for 4 years and above without any making any profits and you still continue trading without giving up? If a trader record losses throughout the week or throughout the month, they are already restless and worried. Why are they worried, they want to be making profits immediately.

That is why it is often said that traders are more concerned about the immediate profits. I haven’t seen that trader that will trade for complete one year and don’t make profits and the trader will keep trading. But you will see long term investors being relaxed and settled for years with their bitcoin investments because they are aware that making profits will take years to happen. So people are not wrong when they associate traders with getting rich quick mentality.

Well, it is not just about making profit. I wouldn't say you are wrong neither will I say you are right but I want you to understand something, the fact that these people are not profitable in this four years doesn't mean they have not been winning some trades, there is something we call " hand to mouth" that is what will be happening in this period, they will be making profit and sometimes losing it and sometimes they will manage to withdraw and later when they trade again they lost everything. that is how it will continue for these years until they will understand what always makes them win, simplified it and then execute professionally just like I have said in the topic.
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‎However, this is where most people get it wrong, the ability to continue and learning to figure out that which will change their life forever. if someone made loss for a month or a year and they are already predetermined to learn this skill they don't mind continuing because if they don't they automatically accepted defeat which is not in the dictionary of a serious and dedicated person. Like I said, do you think those professionals today didn't make losses over months and years?  even people you call investors do panic and some even do sell when the market is dipping massively but it takes a "serious investor" to say no, I will hold regardless same thing to some traders, please don't get it twisted.

[Eldestyoung]

I agree, trading is not something you should expect to make you rich overnight, it takes time to understand the market and figure out what works for you. But I also think it’s important to know when to let go of a strategy that is not working instead of repeating the same mistakes. Losses will happen but what matters is learning from them and knowing when to adjust.
And also have it in the back of your mind that consistency is what you needed the most, treat losses as lessons and never give up.

[Rockson1]

Although i understand what you mean but you should understand that investing and trading are a different thing altogether, while one requires homding Bitcoin longer for future profits the other using calculated/speculative effort for possible gains within a short period and what makes them similar based on your context is that a trader and investor should be disciplined for long term. It's in the discipline o talked about that the long term mentality falls in and not in becoming rich.

He got it wrong some how, the thing is that how many traders can keep enduring losses for 1 or more years without thinking twice, the word that is often used by many of us which is (traders mindset and quick profit) is not something that came out of no where, many traders have quick money mindset, while hodlers does not, which is where the difference between the two comes in, a Bitcoin investor that whose plan is to keep investing and hodl for a long-term won't be thinking of making profit in less than a cycle, although patience is needed by those that choose either of them, but these comparisons are not things I want to go into now.

[Alvin_talk]

If gambling isn't considered worthwhile, then I don't know why some people reason differently about trading, because both are very similar. Both involves depositing value or resources in an uncertain event or market, with the hope of multiplying it if your prediction plays out well, else you lose your resources or money you've deposited.

I wouldn't encourage anyone to engage in bitcoin trading with the hope of becoming profitable over time if you can't say so about gambling. You can say there are some individuals that are very good at analysing market and then making good trade, but same applies to gambling and no matter how good you claim to be in any of these activities, you're probably fooling yourself because time will come when consecutive losses becomes inevitable, then if you're wise you'll quickly have a rethink of the whole subject matter.

It is better you use that money and start DCAing asap, because that's the only way to avoid the frustration that comes with trading (aka quick money).

[Dreadboost]

I can talk with full assurance about Bitcoin investment becoming profitable after 1-3 years of consistent investment, but I won't do the same for trading. Trading requires skill and learning. Even in 5-10 years, a trader may not be profitable if he hasn't learned the skill well. If  duration is used to measure success in trading, all traders that started 4 years ago would be rich. Otherwise, trading is profitable for everyone. The traders that I know, I've been in it for 10 years now without any big cashout in it. One here is paying off debt to people who trusted his skill.

[Shadiq]

The difference between trading and investing is not getting rich overnight, but getting returns. We expect long-term returns from investing, but traders aim for immediate returns. There is no guarantee that you will get rich from long-term investments, and even in trading, no one dreams of getting rich overnight.

Can you say how much money it takes to get rich? There is no specific amount. We will get a return on the amount of money we put in investment, it cannot be said whether that amount will make us rich or not. Our expectation from investing is basically a large savings fund and a return on the fund several times. In trading, the situation is somewhat similar, but there is no long-term return objective, but there is an immediate return objective. In trading, it is warned that in order to earn from trading, you have to learn to lose a lot of money in the beginning, and there is even a possibility of becoming addicted to trading. So try to stay away from trading as much as possible.