Trading is a blast

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lonewhaleSenior Member
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#1Jan 5, 2019, 06:02 PM
I gotta say, trading is a blast (kind of like sex) if you're not enjoying the ride, why waste your time? So, why is that? 1) Warren Buffet once said, "Risk is not knowing what you're doing". Trading isn't as risky as people usually think. You can manage your risks and keep it at a level you're comfortable with. 2) You can actually sell your attention (like in Fair Millions Bitcoin Lotteries) and score some crypto for free. I see it as a win/win because I'm all in on the crypto scene, and I’d gladly trade my attention for it. 3) Hitting 100x or even more overnight can happen, even if the odds are slim. But during volatile times, those odds get better. And hey, if you started with free capital, those odds aren't really a big deal. 4) You can turn The Black Swan into your ally instead of ignoring it or underestimating it, like most people do. 5) Instead of just focusing on profits, try dedicating yourself to the journey it’s not about the money you make, but the time you invest in crypto. That’s tough since there are distractions everywhere and nobody really gets what you’re up to. Everyone thinks crypto is a scam (well, Bitcoin’s cool now, but others... not so much). That does get to me sometimes, but I get why people think that. Still, it’s doable because as Jean Paul Sartre pointed out...
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0xN0nceSenior Member
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#2Jan 5, 2019, 08:20 PM
How could trading continue to be fun when you're losing and can't help with the situation than to watch how your money evaporates into the sky for nothing, there are tough times in trading, because we can't always have it the right way and make profits each time we go into it, the risk lies on the losses we made, even though at that, we are expected to often have more of winning than losing on trades, just to make it all about fun to do.
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lynx_wolfMember
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#3Jan 5, 2019, 09:22 PM
From experience, trading stopped being fun for me once real money was on the line. That’s when discipline mattered more than enjoyment. Still, liking what you do helps you stick around longer
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SilentYieldSenior Member
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#4Jan 6, 2019, 02:13 AM
I just found out that some people equate the definition of trading with sex. Do you need to release dopamine with your sperm? That sounds very jiki. It's better to choose another analogy. As far as I know from his book, he doesn't trade in the market but profits from his investments. You only quoted his statement about the risks we can take, but what does that have to do with Buffett in the context of trading if it's only related to that statement?
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markprotoFull Member
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#5Jan 8, 2019, 12:45 AM
Trading will only be enjoyable if we continue to make profits without any losses. Unfortunately, trading is full of ups and downs. Sometimes we are happy because we win, and sometimes we are stressed because we lose. And if we really enjoy trading because someone thinks that trading is like a game. And they enjoy every win and loss, viewing it as a challenge and striving to correct what went wrong before trading again to achieve victory. But people like that are quite rare, I think. And because real trading is about real money. I'm sure that when someone loses money, they will start complaining, and I'm not even sure they will enjoy trading. They might even regret entering the trade.
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viper_satMember
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#6Jan 9, 2019, 07:36 PM
You dropped Warren Buffett’s name in the worst possible place imaginable. Warren did say that but he was also a terrible trader. He indeed buys the stuff he understands but he is also a holder, not a trader. If you asked them about trading, he would probably say that it is not much different than gambling. He is a trader too but not a very high frequency one. I mean he buys something and then sells it a decade later. Effectively that’s a trade but he is not one of those guys who make 10 trades a day. He never was. I’d rather follow his example instead of dreaming about getting rich from (high frequency) trading. DCA till you make it to a million makes much more sense.
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AtomicStakeFull Member
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#7Jan 9, 2019, 09:30 PM
Do you enjoy losses too? Trading is fun as long as we keep taking profits. This is true for all traders, when you start losing, trading is no longer fun or enjoyable. It becomes a bitter taste and a bad experience. Trading does not always offer a favorable life, but you also have to go through adverse life which is not at all enjoyable. No matter how experienced and knowledgeable a trader you are, you will have to face bitter experiences and I believe you will not be able to enjoy that time. So stop trying to give false assurances and keep sex limited to your bed.
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calmorbitFull Member
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#8Jan 9, 2019, 10:39 PM
Warren is right, it won't be that risky at all if you know what you are doing. While the risk remains, you can minimize it depending on your calls and the strategies that you're going to apply. So risk management can be applied with trading and that also includes emotional control. Without the two, a trader is likely to have fun wasting their money.
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tony69Senior Member
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#9Jan 10, 2019, 01:20 AM
Of course no one is happy losing money when they are trading, the fun in trading comes when there is winning, I mean when you are making profits while trading. Vast majority of people thinks that trading is a place to quickly gain profits without knowing that it requires a lot of technicalities to trade and make profits, and even that to start with, such person must be good in technical and fundamental analysis to enable be able to understand their starts as it is the basic of trading. Again, as a trader you must be vigilant and informative in regards to when you should be venturing the market because most at times bad news actually influences the market where you could be facing several loses while trading due to the bad, in this the technical and fundamental analysis may not actually works that much because already the market is being influenced by news around.
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proto_pixelFull Member
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#10Jan 10, 2019, 09:22 AM
It's actually quite simple if you want to know the truth, it's not about the pleasure you say is the same as Sex. If you win you will say that gambling is a lot of fun, but if you lose and a lot of losses gambling is risky and not as fun as you say. Almost everyone says so, so it's about pleasure that you don't mean the actual effect you'll feel. You need to dive deep to know what exactly is going to happen. I've even gone too deep with a lot of profits and losses, so I know what it's like to lose more, so trading is not just about the fun stuff, but about the work that will give you a profit or a loss.
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mr_cobraFull Member
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#11Jan 10, 2019, 01:44 PM
I dont see trading as fun rather i see trading as a serious business. Everything in trading is just serious,  if you dont take trading serious waha5 will be as aa result is lose. It is only gambling that can be referred as fun because profit cant be predicted,  and you dont need to learn to make profit, so you can take it serious or not. One think about trading loses are not impressive and it is not something , you must definitely feel bad about it no matter how you think it is nothing.
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CyberFalconFull Member
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#12Jan 10, 2019, 05:41 PM
Trading strategy & mode would be different based on the circumstances. Trading would be fun for you, but for me I take it seriously, and it's a lot of work for me. Because I have to spend a lot of time researching a coin to invest in and have to make sure I could make profits from it. So how would it be fun for me when I am spending my money and time there? Because I am not a billionaire, I consider trading as my passive income source. It's a serious business for me; I couldn't enjoy it until I have profits. No matter what definition or example you stand with, I have to think from my perspective since I will be the sufferer. You might be a billionaire and consider trading as fun and enjoyable. Because you have a lot of income sources from where you are earning a lot. So most likely for fun you may invest millions, and sometimes it would be 100X; it's just a matter of time. Even if you dump it, it doesn't matter for you as a billionaire. So it would be really fun for you, and you can enjoy the chart; either up or down would be fun for you. So your case and my case aren't the same, your strategy & mode and my won't same.
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ericchadFull Member
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#13Jan 10, 2019, 10:23 PM
I agree that trading could be fun, but that only happens if you really love it. But the question is, how could it be fun when you don't get a profit? For sure, you don't feel like that. Instead, you were full of frustrations and wanted revenge. That is why I say that knowledge is one requirement before you trade. If you don't have it, better not do it because you will end up disappointed. Risk can be managed, but how does it happen when we lack knowledge and skills? Impossible. Therefore, we need to work on it and become successful.
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byte2013Senior Member
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#14Jan 11, 2019, 02:55 AM
You know, honestly, even though we know trading isn't easy to learn, we should really just enjoy the process of learning it. If we don't, we might end up like others whose expectations only led to disappointment and frustration and that’s definitely not a good thing. Some people just want to trade right away even when they don’t have enough knowledge. They feel that once they’ve bought crypto assets on an exchange, they already know a lot about trading. Then they just wait and purely guess whether the price will go up or down, without doing any kind of analysis and without even knowing how to read charts or graphs. So in the end, they lose or their assets get burned.
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w0lf404Hero Member
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#15Jan 11, 2019, 05:13 AM
If you follow the statement of another person who, at the financial freedom level, doesn't think about losses and doesn't think they're a problem, then that might not be suitable for me in this case. Yes, trading for me will only be fun when the profits are there, yes, when I willingly get the profits. But when it's a loss, honestly, it's not fun at all. I will seriously evaluate what went wrong and fix it for the next step. And that's certainly not fun for me; there will definitely be feelings of disappointment and other things. However, that's how we can control ourselves by limiting our stress levels and managing the emotions we're experiencing.
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1t5_foxMember
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#16Jan 11, 2019, 08:30 AM
Trading is far away being fun rather a thing to have higher thinking faculty because you can be having fun on something you care racking too much brain to gain profits from the trading you are doing, people thinks a lot but comparing it to sex you are talking about, you derive pleasure while having sex and you don't think much, during every sense of reasoning is being shut down and you won't reason or feel stressed unlike trading and gambling that consumed human thinking. Anyone that will succeed in trading will definitely be that educated while sourcing for necessary tools and material that could lead you to successful trading.
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raven88Full Member
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#17Jan 11, 2019, 12:48 PM
People can take it differently. Similar to risk appetites being different for folks, the same can be said with stress level. Some may find it more stressful than others. This is why I think trading is not for everyone. Ultimately, it is fun when you're in profit, otherwise it's depressing lol. The focus on dedication talk would be a hard to swallow pill if someone is down bad TBH. Though, I quite like the rules of life mindset.
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Posts: 12 · Reputation: 105
#18Jan 11, 2019, 04:54 PM
I don't think saying trading is fun is wrong, but it's not entirely true either. Trading is truly enjoyable when you make a profit, especially if it's over 100% of your capital. I experienced this when trading meme coins. But there's also a certain joy in trading with significant capital in Bitcoin. When the market price sways like a tree branch in a strong wind, our adrenaline rushes, we battle the market. When we win, it feels like sex a perfect climax! As for the unpleasant part, I probably don't need to explain further. Losing is the same as being unhappy!
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paulyieldSenior Member
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#19Jan 11, 2019, 06:06 PM
No such thing as fun when trading and losing though. It's all adrenaline but adrenaline is addictive and it's not only limited to trading. But maybe when we are making a big win from a trading, the fun could last for a while. I mean winning is always fun and the fact that we keep holding onto trading means we are addicted to the fun and seeking for another a big win for the fun and adrenaline pump. But no, if you know how to trade, trading is rather boring since you need to wait for price movement.
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t0ny_gangFull Member
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#20Jan 11, 2019, 09:17 PM
No fun in trading if you lose Fun for me means I can enjoy trading, whether it is a lose or a profit. But behind that, I can take the lesson if I lose and improve myself. We can't profit all the time but we may lose sometimes so we must realize and not stop learning trading. Trading involves risks so we must learn how to manage the risks. That means no time to stop learning and practicing to improve our skills. Trading is not as simple as you think. Many things you should know to make a profit. We must be responsible in trading and always learn to follow the market trends. If we don't stop learn and practicing by entering the market, we may have a chance to profit. So that will just be a matter of time.
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