Failure is not the end

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stack_hodlerFull Member
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#1May 10, 2024, 08:31 PM
I just want to remind everyone here that failure isn’t the end of the road. We’re all part of this Bitcoin community, sharing our thoughts and learning from each other because nobody’s infallible. You’ve probably seen posts from others about their trading or investment experiences. Trading involves a mix of wisdom, experience, and some guesswork, but even with all that, you can still hit bumps in the road. You will face failure at some point, but that shouldn’t stop you from getting back up and trying again, because failure is not the end. Sometimes your predictions will hit the mark and sometimes they won’t. Trading involves some luck too, and no one can predict perfectly every time. When you get it right, it feels great, but remember, there are no champions that stay on top forever.
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just_bitMember
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#2May 11, 2024, 12:16 AM
Trading is more a game of skill than just luck if you like to describe it in the sense of a game. People who master this skill become better over time; their win rates improve with consistency and practice. If you think of trading as a game of luck, you would never really put in the effort to develop the skill required to be successful in that field.
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chainlabNewbie
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#3May 11, 2024, 06:25 AM
Yes, there are no champions forever, but skilled people are always leading in every aspect because they have experience and have more knowledge about it. Bitcoin and crypto trading require a lot of experience and luck, but it is always easy for people that are very skilled and experienced, and their predictions are favorable most times due to their experience and frequent trading. Nevertheless, they can’t keep winning anytime; they will also lose, but I think their losses will be minimal because they don’t trade like newbies, and they don’t trade all coins; they only trade with their trusted analysis. That is why they always have minimal losses in their trades.
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#4May 11, 2024, 08:28 AM
The cryptocurrency trading space is a game of skill + luck just like gambling on some games like poker games have elements of skills and luck, as far as cryptocurrency is concerned, trading it requires alot of skills knowledge a dn experience coupled with alot of patients to wait for the market to go your way, having done all of that and we know that cryptocurrency market is unpredictable, we then have to wait and expect our luck to play out based on our speculations.
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#5May 11, 2024, 09:12 AM
It is more than a game of skills but it is a game of skills and traits. Your personal traits decide what you do, how you do it and even you learned well about trading, knew of good skills for trading but in your trading practice, you can fail by your bad personal traits. For example, if you understand trading well and apply a good trading strategy but if you lack of discipline, patience for your trading actions, you will fail and lose money in trading. It is not because you are unknowledgeable but you don't have necessary personal traits for trading success.
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the_keyNewbie
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#6May 11, 2024, 02:19 PM
Yes, you're right. Everyone experiences failure in trading, even successful traders. Therefore, we must be wise in our approach, learn from our mistakes, and improve our trading analysis. This can also be learned through the experiences of others. Learning from the experiences and mistakes of others will help us improve our improvisation, especially if we are beginners. However, errors in predictions can still occur, but these things can minimize our chances of making mistakes. However, it's best not to give up easily when you encounter mistakes; keep trying and learn over time, we must realize that learning from personal experience and the experiences of others is a wise thing in trading. As for motivation, we should also prioritize personal experience to become more mature in determining our trading stance. This includes being wise in controlling emotions, managing portfolios, and setting time limits. These should be based on personal experience for deeper understanding.
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forkoneNewbie
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#7May 13, 2024, 11:08 AM
In trading losses are bound to happen repeatedly even to new traders and experience traders, but I think failure is final for some persons because trading is not even meant for them and no matter how they try, it will always end up in failure. The reason why I made the decision not to join trading is because I have already examine the whole process and I can't handle it and I also took the advice of some ex-traders that quit and are now advising their followers to start holding instead of trading.
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mr_ravenMember
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#8May 13, 2024, 05:23 PM
Lol, trading isn't a game first of all, saying this means that you don't understand what trading is all about and you are mistaken it for gambling...Even though they both involve taking risks the results achieved from both are not the same in the long run...To explain why trading isn't a game ot gamble let's use coin toss and chess as an example...when you toss a coin, you have no control over that outcome, that's what gambling is like but In the game of chess your mental effort, skills and calculations increases your chances of winning, now this is what trading is all about..it's based on skills
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#9May 13, 2024, 09:29 PM
Even if failure cannot be overcome as a trader, you shouldn’t be expecting it or anticipating for it, just make sure that you try as much as possible to avoid it. They will come but if you’re able to manage how they come, they won’t come to you fatally but will be minimal. Failure is a chance to try again, so learn from it and outgrow it. Prediction is part of the speculative game of trading, but to minimize your risk of losing, you should work on yourself to be more technically sound and predict the outcome of a trade base on your technical analysis result. No one is a champion, but with a good technical approach, you’ll reduce the chances of failure and increase the chances of wining.
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stackio110Hero Member
Posts: 177 · Reputation: 2551
#10May 14, 2024, 02:26 AM
Following the rules is just as important as a trader's personal qualities. And if the trader is disciplined, emotionally stable and shows patience, then the absence of risk management will reset the profit.
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wolfoneNewbie
Posts: 248 · Reputation: 23
#11May 14, 2024, 07:34 AM
Trading needs focus and consistent looking at the screen, and I tell people that if you can't sit for long hours analysing charts, getting sure of your predictions wouldn't be easy as there would even be doubt in oneself. You feel you are highly favored if trying it for the first time and getting it bigger while thinking that's how it is, consistency will really change the narrative.
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#12May 14, 2024, 01:38 PM
In every success you aim, in every goal you target, there’s always an inevitable failure before you hit your goal of success. That only means that once you fail, it creates more motivation for you to improve more, develop more and enhance more of what you have been currently doing. Failure is never the end, but it is just the start of the path towards your success in trading or investing. When you fail from trading, know that quitting or giving up is not the best solution. But instead, develop your trading knowledge and skills, master your strategies, so that you can start minimizing from your trading failure and maximize your trading potentials and future profits.
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bull_bitNewbie
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#13May 15, 2024, 09:40 AM
While trading is a game of speculation and luck, but luck alone does not make you a good and successful trader. You need more knowledge, enhanced more of your skills, and create highly reliable strategies that will bring success to your trades. While gambling is pure luck-based, but trading alone is more on skills and strategies mastery. If you fail on them, luck alone will not lead you to a successful trade.
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#14May 15, 2024, 03:27 PM
Failure means that you made an attempt without putting in effort to do a particular thing and if you are consistent with it you'd definitely succeed, this doesn't just concern trading but in every area of life. Trading is not a gamble of luck, you are not totally uncertain of the market, this is what makes it different from gambling. Luck doesn't exist I'm trading , you are simply going to get the results of your hard work and skills
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mr_stackNewbie
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#15May 15, 2024, 08:06 PM
Seeing you in failure does not make you less of a person, but it only goes to say that your time and efforts being put to it aren’t enough. You need to exert more time and efforts, more practice and exposure on the market, and more trading experiences that will make you feel failure at times, and some time of success. Failure is just the beginning, as it’s just your stepping stone, at least you are starting to take a leap. And in no time, those mistakes and failures will turn into hope and success that every trader dreams of.
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#16May 16, 2024, 02:06 AM
Even those who are professionals and have been trading for years, with the profits earned, cannot avoid losses. But what differentiates them is that those who are more experienced can minimize the risks of the losses they experience. Losses can happen to anyone. Even though we have made profits in several trades consecutively, we must still be careful and prepare for the next trade as best as we can. Sometimes we take something for granted when we have started getting used to doing it.
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gaslab340Newbie
Posts: 74 · Reputation: 20
#17May 16, 2024, 06:00 AM
Failure will not be the end. Yes, that is right especially those who can learn from their mistake. When it comes to trading, if you can learn more details about trading, you will find your mistake and fix it in the next trade. You know trading is not easy so you will improve your skill in analyzing and try trading again. You have much time to learn and trade so you don't need to worry if you are late. The crypto market will still move so that will be your chance to enter the market and make a profit. If your analysis is good, you will find the entry and exit times. So no need to worry if you fail today because you have a next chance in the next days.
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#18May 16, 2024, 07:40 AM
Every trader will definitely experience losses. There are no traders who can truly ensure that they will always make a profit in their trading activities. Even professionals feel the loss. Even those who open trading channels sometimes do not share accurate signals. If we are currently profitable, we must manage it well. Similarly, when our trades are losing, we must be able to accept and manage them for the next trading.
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#19May 16, 2024, 09:14 AM
We would keep making mistakes from the market and in as much as we are determined to struggle and learn more from the market so we can get fortune for our strategies to keep turning money to us, the sky will be our limit. There are so many traders that easily give up the market because they had made so many mistakes with the believe that they would never make anything tangible from the crypto market. There is a lot of money to be made from the crypto market if we are prepared and ready to keep learning to reach a level where we will be good at what we do. There are so many opportunities in the crypto market and until we utilize those opportunities and turn them to money.
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dr_wolfMember
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#20May 16, 2024, 02:45 PM
Failure is something every trader will face at one point or another, no matter how skilled or experienced mistakes and wrong predictions are bound to happen, the real difference lies in how those failures are handled, some people give up completely while others treat them as lessons to grow stronger. Trading requires more than just technical knowledge it demands emotional control patience and discipline, because even a solid strategy can fail if fear or greed takes over, that’s why managing emotions and staying consistent are as important as the charts themselves. Learning from personal mistakes and also from the experiences of others helps reduce repeated errors over time, but it’s important to remember that no one becomes a champion forever, the market will always test traders in new ways and adaptation is necessary. Failure only becomes final when someone quits, as long as lessons are drawn from setbacks every failure becomes a step toward maturity and long term success in trading. Another thing to remember is that losses are not always signs of weakness, sometimes they are the price of learning new patterns or testing strategies that may work better in the future, in fact some of the most successful traders today have a long history of losing before they refined their methods. Trading is not a sprint it is a marathon, it’s about surviving the ups and downs protecting your capital and slowly building consistency over time, if one treats every mistake as tuition to the school of trading the knowledge gained will eventually outweigh the costs. Success in trading is not defined by never failing, it is defined by how many times you rise after falling and how much wisdom you carry into the next move.
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