Can you really become a trading expert?

There are plenty of lessons to learn about this. Here’s the simplest way to look at it. To truly become a master in trading, you need to start treating it like a business. The moment you do that, a lot of your issues will just fade away. Ask yourself this: do you genuinely view trading as a business? Or are you just fooling yourself into thinking you do? Most folks don’t really grasp this concept. If you go back and review your trades, you’ll notice that for many of them, you’re not sticking to your game plan. If you really treat trading like a business, there’s no doubt you’ll follow your plan 95% of the time. That’s the way to grow your business. You can’t expand by making trades that don’t make sense or are just random. You need to make calculated trades that follow your methods. Just a note: it’s super easy to feel like you understand something, but when you start asking yourself the tough questions, that’s where you find the real answers and start to grow. Once your mind is opened up by a new idea, it can’t go back to how it was before. When you stop treating trading like a gamble and start following a proven system, that's when the real journey begins.

I stick to my plan few weeks ago but I lost. It is important for people to know that trading is very risk. Some people will continue to trade and lose is the reality. If you have been trading for like 2 years and you are losing, it is high time you need to stop trading. Holders are also making money. Swing trading is good. Patience is good. You can take trading as business and still emotional may let you change your plan. It is easy to say but hard to do.

The way you are advising traders, it looks like you are a profitable trader who had made so much money from trading. Are you a profitable trader in a long run? Because I know that it's not all about making some good profits now and later maybe after few months of your probability, you started making losses which had almost taken all your profits.  If you have been in the market for so long, then I think listening to you would be a good way to keep going and taking opportunities as traders. If you are just writing all these and expecting us to take trading as a business when you have never before profitable in trading for so many months now, then I will see you as a genuine motivational speaker.

Whether you looses or wins, the key point of trading because before you activates your trades, you have already set your trading plans which you just have to stick to. So deviating from your plans for other plans especially when the profits is not coming would not allow you to figure where really your trading obstacles are. Although exiting the market might be an option when you will have to re-strategise and bounce back as adopting a different plan in a sudden might not be a good decision to help achieve your goals. Definitely like my friend will always say, trading is not for the weak due to it high risks but everyone can always sit on the investment due to it low risks.

Why do you want to become a master in trading? What do you need such title for? Do you want to open a trading academy where you will charge people money to teach them how to trade. These questions came from my experience in the trading business because anyone who uses such terms wants to become an educator. What you should aim aim for is to be a profitable trader and not a master. If you want to become a master in trading, you will end up with frustration because no one can predict the market with accuracy every other time. Aim to be profitable such that in 10 traders you are able to win 6 and make sure your reward is higher than the risk and you will be perfectly fine.

Business is quite different from trading. In business you can hire people to make the business works for you or make your life easier of the works. While in trading its you who need some skills, patience and every knowledge about trading.  Unless you hire some traders and let them do that for you.

In this case, it will be very difficult to find such traders who can be trusted with their capital, given the high risks involved in trading. It is better to trade yourself, in this case you will not need to look for those responsible for the loss of the deposit, except for yourself.

Yeah thats right but if you pay them well good using your profit like they dont want to leave on your side again maybe that will be a different story. Also its good thing that the trader is your friend or close to you and not that anybody you find online searching for a trader. Well that option I guess is for rich people only. Id rather trader myself though. Lol.

Trading is very risky because you are gambling with the price wave of bitcoin, which is a 50-50 chance of making profits in the long run. Trading is not a most for those of us that cannot make profit but only losses. Sticking to your plans does not guarantee that you will make profit, because the market might go against you. Trading is not business, since in business profits can be guaranteed.

Yes it is definitely right to tell people that trading cannot be mastered because it is a thing of speculation and the market even if it’s mostly follows past pattern doesn’t trade same way always. In trading your experience and knowledge gives you edge but that doesn’t stops you from losing, how you treat your lose is what make you a better or successful trader. If you trade for 2 years and you have incurred more losses than profits then it is best guy relax and learn more, this doesn’t mean you shouldn’t Lose but even if trading has losses the right knowledge will make you have more profits than loss over this two years, otherwise it is better you take a break from it It is actually the worst step to take, never give your money to any trade to trade for you, we have seen on social media where people lost they money they entrust to people they think are successful traders, instead of this buy bitcoin and hold or go for other source of investment

You will see trading as gambling, particularly when you are trading without knowledge and trying to speculate without any real reasons for your speculations. Without adequate knowledge, most trading decisions you will be taking are based on many assumptions and guessing. Your decisions in trading will become more confident and less of a guess or gamble when you have knowledge.

Acquiring or learning up such trading skills is never been simple nor really that takes a short time period. You will really be that definitely be trying out to learn up things accordingly on which you are indeed even rushing up yourself on learning up such skills. Is it possible to become master in trading? Yes of course, but it will really be taking up some time and tons of practice on which to deal up with this volatile space. You cant really be able to achieve such mastery if you wont be able to pass up challenges and hardship when it comes to dealing up with unpredictable market. Mastery comes from tones of times and duration on which you've been that dealing up yourself into trading. If you arent that good enough then you wont be able to sustain but there are people who do really that persevere on trying out to have such mastery.

You can run your own business on your own. You dont necessarily have to hire a bunch of people to work for you.  And you definitely need skills and knowledge to run a business. Just like in trading.

Knowledge will be the differentiator whether the person trades like regular trading or just guess-based trades such as gambling and hoping for luck. Even though trading can be learned easily if one is willing to do it, especially since only spot trading requires knowledge of market reading and fundamentals. And for futures trading it will probably look more like gambling because they beginners just guess the LONG or SHORT price and determine how much Leverage to use. It is completely synonymous with gambling if it is not grounded in trading knowledge.

The business aspect I can understand from his explanation is that, doing anything, other things outside trading is not essential, like focusing on only trading as the only means of income by using the required strategies that works best for you. Repeatedly doing so is the business the trader has incurred on himself and nothing else shall distract him from reaching his daily trading targets he mean. Hiring people is not necessarily important as that's when his profits has increased to some certain amount to where bringing expert traders to do the job for him is reached, that will needs a lot of discipline and hardwork to minimize the risk involved with group of traders.

Anyone can turned and developed into a master trader, but that won’t guarantee that there’ll be no losses anymore. Trading comes with inevitable losses, that’s something that we can’t change certainly because we humans are full of emotions, and when emotions are hard to resist, our title being a master in trading can sometimes be beaten. Reality is, we can be masters in trading certainly because it’s everyone’s goal, and anyone who will give its full time and determination to work on it will definitely achieve in time. However, losses are still part of it, it’s just that master traders rarely lose in their trades, unlike regular traders who are still open to commit mistakes and losses most often.

There are many successful traders but they won’t share their secret sauce with us. It is because trading is a zero sum game. If everyone copied these people’s trades then they wouldn’t be making any money. In fact, nobody would. You can master trading and become a god-tier trader but it will take years. You need to read lots of books about technical and fundamental analysis and finance in general. You also need to understand human psychology which is as important as understanding finance. (Some would say it is more important) Many noobs think trading is an easy way of making money but in the end they always be the losers because they have no idea what it takes to become a good trader.

Hmmm, well, let me tell you that the first thing is that no one becomes a master in trading. Till date I have not come across any person who claims to be a master and closes every trade with 100% sure profit every time. All these traders just act under the possibility. So no one can make a perfect earmark in trading... Now coming to the second point, if you deal with trading like a business, then you will become a master. Not at all that totally wrong statement. To become successful in trading, first of all, knowledge and experience are needed, and at the same time some points have to be observed. like Market sentiment, Dynamic and trend, if you reflect these three deeply. then there are chances that you can become a good trader. Like then, after that, you will be able to minimize your trade loss ratio, not 100%.

To be considered a master in trading I don't think you need to have a 100% success. it just has to mean that the number of times you win is more than the number of times you lose. Anybody with a very good record like that, that is more winning record can be considered an expert, a master, a professional or whatever name that you wish to classify or call them. If there is anybody who claims to have a 100% success rate, the person is only a 100% liar.

You're talking to the majority of the traders, new and not. Because they're all trading as if they're gambling and they don't know how to make themselves worthwhile when they do. But we cannot stop that if they are up for it and they're doing it with certain strategies to think of. What matters to them is that they have a wholesome plan that shall make them winners. When we say that they're gambler traders, like those keep on doing futures without concrete plan on how they should execute it. They're just hyped by the idea and by the gains of others that they have seen.