If you're into trading, you gotta be ready to tackle the mental hurdles that come from those who tried and fell short or didn’t hit the mark they were aiming for. You’ll hear a lot of true but kinda discouraging warnings from these folks.
I’ll admit, I’ve probably added to that discouragement by giving warnings without wrapping them up with something encouraging.
Lately, I’ve made it a point to always finish my trading advice on a positive note, so I’m not bringing anyone down.
For instance, if I tell newbies that trading can be risky and they might lose everything they put in, it’s true. But I’ll make sure to follow it up with something uplifting like, "But with the right knowledge and guidance, you can totally succeed!".
Ending on a positive note really makes a difference.
This is very right, ending our statement on a positive note could help others a lot both the newbie traders and also experienced traders who may be suffering from a loss at that time, our positive statement about trading can go a long way to serve as an encouragement to others so we must learn to filter our statement anytime any day on other not to send to wrong signal.
The change shouldn't be limited to trading discussions alone but also gambling, instead of branding this activity in a bad light with our statements, why not only point out the various dark sides of them and share our guides to avoid such bad experiences in both gambling and trading since this two activities are an important part of our life and discussions.
Are you a trading mentor? 80 to 90% of traders are losing. But this time as bitcoin is rising, if the trader is trading bitcoin on spot market or going long position, the trader will be making profit by now. But there are some time that the market is not really bullish or bearish. Again most traders will continue to lose. Even what tells us that they can not lose now. I will let the trader understand that and use just low amount of money on trading. That is enough to let him know that it is not only about guidance but just use low amount of money for it. Trading mentors mostly are scam unless you know the person physically and know where he is living and making sure that you have investigated about him and people recommend him.
Trading is undeniably hard and tough, but on the other hand, we can't underestimate the potentials of a person especially if we are seeing him skillful and passionate about trading. At the same time, we shouldn't be fabricating lies here, so its best to make him aware about the risks involved when trading, but rest assured there will be bigger profits waiting ahead if he knows how to manage the risks and maximize his potentials of being a trader.
Positivity creates an edge for a trader that is consistently trying to win his trades over the volatility of the market. Although trading is never easy and we get that, but with constant practice and staying cautious all over the process, trading could positively end up well, and brings significant profits more than what you expected for. After all, discouraging these people from trading is not always good and practical. So let's give them the positivity that each deserves to receive.
Normally it is not a bad idea to be positive in trading but just been positive is not enough to get what you want if you are not with the real knowledge. The truth is that trading is real and no jokes about it, their is no need to sugar-coat trading to beginners, it is better to tell them the reality of trading so that they must be prepared and not to think trading is just luck and anyone can just go into it with just little knowledge of it.
I'll always let beginners know that trading is risky but with a good knowledge towards it one can make profits out from it and also let them know too they have to be positive in mind about trading too but positivity without having any knowledge won't yield any profit in trading.
I agree with you, in the sense that every professional trader who has mastered the act of trading was once a newbie. If they were all discouraged at the initial, I am sure we wouldn't have one-quarter of the people who trade in crypto today.
It is because of the positive attributes they heard from others about crypto trading that made them go on with the learning process to master the art of trading even though they experienced loss on trading countless times.
Is because of positive statements being said to them that help in building their mindset and beliefs that they are in for the win someday. They may not know when it will be, but the positive vibes they feel inside will make that come to reality soonest.
I am not endorsing the fabrication of lies, just saying that you should try to be positive whenever speaking to intending traders. Positivity does not suggest bending the truth about trading; it just means making sure not to leave them discouraged after your speech.
positivity is great but I think a little peek into reality will do no hurt either, it will function to prevent newbie from trading recklessly and wasting their life saving, I personally would just say that it's dangerous indeed I mean pretty much majority of people are losing with trading which means only very few people can survive and that because they have their own strategy and probably thorough understanding of the market and the fact that the nature of trading is speculative means there will always be losers and winners.
tbh, I'd just say everyone can do trading and profit from it but remember majority of people loses so be sure to do what's required and what it takes to be profitable first before doing anything especially with big capital.
Indeed, it is a good thing to give positive things to newbies because it can help motivate them to learn good strategies and fundamentals. However, even so, do not always give them positive things, later their thinking tends to assume that trading is something easy and can be mastered by anyone. We need to tell them again and again that trading is not as easy as it looks, it is riskier, and at any time their money can be lost in trading, the point is we need to warn them more than we motivate them, so they can remember that trading is not for playing around.
Trading is tough can can often be a cause of huge loss if not executed carefully. I know this forum sees a lot of newbies trying their luck at trading and they need to be guided in the proper manner to see the folly in their methods, not just rush into it like a money hungry person.
I have seen that leaving with a positive note has a good mental impact on both the writer and the reader. It makes the writer also appreciate their own work and post more with a positive vibe, can be addicting due to a similar dopamine rush.
But guiding newbies to proper methods in trading is absolutely important.
Not just in trading though, in life I learn to be positive despite what is going around on you. You really need to have as shift on your mindset in order to succeed. Just like in trading, there could be days that you are in a losing skid, but still though, you should still think that you can make a U-turn and one day you will have this big win and makes a lot of profit.
And positive words like I'm <insert here> whenever you wake up could be a good reinforcement for all of us. And if you can get a mentor, it will really help, but it's not necessary. As you can learn from the scratch and as long as you are willing and not be discourage, sooner or later you will succeed in the end.
At least you are telling the truth about trading. Whether we like it or not, trading can never be underestimated due to its known high risk. That is why I assume that those who come trading already acknowledge the risk they are going to face.
While accepting the fact that losing is part of trading, we also think that being positive despite undesirable losses is very important to continue our journey. Having such a mindset doesn't just give us courage but also a tool to reach our goals. We need to be mentally okay and proactive in every mistake and loss we make.
I love to start with the sweet sides of trading to arouse their enthusiasm and then when they get up there held in a haste to start and I now expose the bad side where they get to lose, how they can lose all their money at a go. It's easier to go with the last words in memory than with the first words given. Some persons will only remember the beautiful side you ended the discussion with. So I prefer making it a sweet bitter end.
If telling the truth about the devastating side of trading to an intending newbie trader will scare them away then let it be so they could go save their money into something else less risky. I think revealing those negatives of trading will help the new trader to guide his thoughts well and contribute to his seriousness and determination to learn to avoid reckless trading behaviours and manage his feelings much better to become exempted from the much number of frequently losing traders.
what you say is true, basically the first mistake for beginners is to think that trading can make them rich in a relatively short time, this is a fatal mistake. Mindset is the basic thing that must be owned, so that when experiencing losses does not create prolonged stress. Beginners who want to be serious in trading must really understand money management so that they can minimise the risk of large losses. besides that, knowledge or knowledge in trading is no less important, a trading plan must be owned before deciding to buy a coin, especially when looking for profits in the short term, do basic research related to the coin you want to buy, this can increase confidence.
That is why not everyone can succeed in trading because it is a difficult period to fulfill one's aims. You cannot win at trading all at once. you must overcome numerous hurdles before you can achieve anything worthwhile. It is better if you can be patient and learn trading for a year and a half without focusing on anything and find a good mentor to guide you through, I am confident that you will achieve your goals and develop various strategies for profit. But some people are no longer patient, everyone wants quick money, and it is not easy to make a profit from trading. You will be trading for a long time before you progressively learn the market process. Trading is unexpected, but you must learn to predict based on your thinking because luck only comes around once. That is why people compare it to gambling because both are unexpected processes. You can win in gambling even if you are not perfect, but in trading, you must study before you can achieve anything.
There will always be positive and negative things in something, including trading. But this is packaged in the form of risks in trading. If someone is willing to take risks, then there is a chance to succeed, but the chance to fail is also open. But if they don't take risks, then there will be no answers, and maybe they will start to regret why they didn't try it first. However, this all comes back to each of us, because we are the ones who will live and feel everything. This also requires a lot of preparation, not only knowledge but also capital and mentality.
Agree with you. Indeed, to motivate beginners, we must provide positive things and it would be good to also provide negative things or the impact of trading if it fails. Because it will make them learn more and not think trading is easy. The point is, trading is easy in theory but when practiced it is very difficult because you have to be able to control everything including emotions and greed.
Because the reality of trading is what they have to know. Many people out there, especially beginners, see trading as an easy way to make money quickly. In fact, if they have traded directly, they will understand that trading is not as sweet as imagined. So it's better to tell him the positive and negative things, it's better to tell him that he also has to focus on the process. Don't be too obsessed with instant results, because if he understands the reality of trading, then his mentality will be more ready to survive in the market for a long time.
I have experienced myself about telling beginners related to trade and I got an answer outside of what I thought. The words may be the same that trading is not 50:50 between loss and profit but 70:30. 70 can be for losses and can also be reversed and in reverse position, even more than 70%.
The answer came out of him, how can I do it well with good knowledge if I haven't done it. The loss that I get you can think about?
After I thought, it would not always be good to say anything about trade to beginners who had never been involved.
Trading is something that we can't ignore when it comes to profit generation in crypto. But why people don't see it is because not all are willing to take risks and lose their money. That is why it is difficult to expect that all these traders we have now will be able to stay long and survive the difficulties of the market, as I am certain that many of these will quit.
At the moment that uncertainties arise in our minds, it's going to be difficult to gain confidence anymore. I could be wrong, but not all have carried a positive mindset, many of them will lose faith and leave.