What's the big deal with trading?

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mr_lynxFull Member
Posts: 74 · Reputation: 528
#1Nov 26, 2024, 07:49 PM
Honestly, I don’t see anything special about trading. To me, it’s mostly just about emotions and financial wreckage. There’s this level of professionalism we need to not lose money, yet many traders still find themselves losing their entire capital and even getting loans just to recover. No matter how much analysis you do, whether it’s technical or fundamental, the market often goes in the opposite direction from what you expect. So if anyone thinks there's something special about trading, let’s talk about it. I’ve shared my thoughts, but after all that analysis, traders can still end up losing it all to the market.
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alex.shardLegendary
Posts: 1019 · Reputation: 5623
#2Nov 27, 2024, 12:22 AM
Use the amount of money that is lower than the amount of money that you can afford to lose to learn trading. Use the amount of money that you can afford to lose to trade if you are no more a learner. Do not increase the amount of money if you have not gained money for almost a month or more. If you are trading and losing for months or years, the best is to quit. Please quit.
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nickcoinMember
Posts: 28 · Reputation: 236
#3Nov 27, 2024, 02:00 AM
I feel sometimes that it is quite dangerous to put a huge amount of money in a things that you are not good at, take time to study the movement of market and make some depth research for you to have a clear idea on how the trading work profitably. If you are already on state that you are confidently enough to take a risk then probably trading would be more appreciated and become special to you as it is wealth is build by the outputs of of your trading proficiency. So be more vigilant and stay cautions every time you puts money on trading. Have a clear insight on future and taking benefits thru your predictions and be wiser every time you lose.
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greggweiFull Member
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#4Nov 27, 2024, 03:37 AM
I can relate with your state of mind at the moment, most times its due to the typical impatient nature of man, "instant gratification mindset" and everybody goes through it, however trading does not need to be special it just has to be profitable,. Are there consistently profitable traders? Yes, are there loosing traders yes,. The presence of one does not cancel the other we just need to understand the difference and find out what the winners are doing that the loosers are not doing,.   Analyses alone is not enough most times .....Strategy is needed .....experience is needed, .....hardwork on the right things is needed, .....proper mentorship is needed, .....patience is needed,. .....Proper psychology is needed .....Proper emotions is needed .....consistency is needed   Without following these steps you are just gambling and alot of people we call traders are actually just gamblers  And finally don't ever start trading as a beginner with an amount of equity you cannot loose,.dont ever use your rent, school fees or borrow money to trade..     Try these for 6 months/1 year consistently and see for yourself that trading can be profitable
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lasery35Member
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#5Nov 27, 2024, 07:14 AM
The right approach to finances is the first and most important thing to learn in trading. It doesn’t matter how much you have; what matters is how well you manage it. Analysis is good, but it’s clearly not enough to start trading properly and effectively. Don’t invest more than you’re willing to lose, avoid FOMO, try different trading strategies, and stay updated with the news. A serious attitude is necessary—trading is not a gambling game. Stay focused, and you will definitely succeed!
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darkguruHero Member
Posts: 849 · Reputation: 4147
#6Nov 28, 2024, 09:14 PM
Yeah sometimes it is necessary to have a good approach on the trading market for you to have gain a possible return. Find some mentor's that keep you fully equip with strategy and makes your trading experience beneficial. I might be considered also a self discipline when you are study alone and trying to figure out how you would start your trading journey. It is always your actions to make your interest more deeper when it comes to trading. it always shows that your consistency on learning on certain trading materials make you capable to start trading.
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tom.cobraFull Member
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#7Nov 29, 2024, 02:07 AM
You are only talking on the loser's point of view. But for those who are knowledgeable and skillful in trading, they are seeing highly potential profits every time they trade, and that makes them boost more their interest and excitement into trading. Yes, trading can be a lot of losses and frustrations, especially if you rush into trading without prior knowledge and long term preparation. But if you know how to navigate well in trading, that becomes your edge that makes you more successful and profitable with your trading activities.
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bear2021Full Member
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#8Nov 29, 2024, 05:59 AM
Trading can be dangerous but it’s also a lot profitable. Majority are losing in trading, but there also few successful traders who have experienced excellent profits and now living the best of their life. With this, we can say that there’s something special with trading, but unless you don’t experience and enjoy it with your own life, you will never appreciate the benefits that trading has store for us.
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shard_minerSenior Member
Posts: 359 · Reputation: 1322
#9Dec 1, 2024, 03:48 PM
Trading is not for everyone. Stick with what you like. Holding is a far better option than trading if trading doesn't catch your attention. For you it there may be nothing special about it, but for others, there are. Do not go into trading because you have your friends who are trading and always talk about it. Go into trading because you are interested in it because what you are not interested in, you cannot show any commitment to it. And where commitment is lacking, there will be no sustainability. Traders encounter losses, that is inescapable however, it is through the losses that learn and perfect their trading skills. They become better traders.
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boss_wizardSenior Member
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#10Dec 1, 2024, 09:30 PM
trading is basically you trying to be better than those big traders, veteran in the market, so there's little chance that you will make profit and that's completely understandable, 90% of newbie trader losses and give up. doesn't mean it's unprofitable for everyone, there are plenty of people who are smart making big money with trading, the good thing about trading is that the potential of profit is really high, and you're earning money by your action not by waiting which might takes a lot of time. you can earn 10x ROI in a good market whereas investor just get 10% APY. that if you are good enough. fundamentals and technical analysis is just a tool to increase the odd, at the end of the day, it's pure demand and supply if there's no manipulation, it's game of odd. there's always losers and winners.
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ryan.satFull Member
Posts: 56 · Reputation: 442
#11Dec 2, 2024, 03:46 AM
Special about trading? On the moment that you do be able to acquire this skill then you would be able to get away of the shackles of 8-5 job on which this is really that indeed the truth about on this one. The reality on here is that this skill isnt something that you can learn in a short period of time because some people been thinking that they can learn it overnight and on the moment that they do fail then they would definitely be saying on the same on what you are saying right now, but for those who are willing and thriving to learn up this skill then they wont be coming up with that kind of idea. There are those sayings that 90%-95% do fail in trading and 5-10% are the ones who do succeed on which this simply shows that this skills isnt something that you can be able to learn and this is what others been thriving and its truly devastative when it comes into the money you do have and thats why its important that on the moment that you would really be deciding to deal up with this market then make sure that you are really that aware of the risks. Never ever make yourself that being that too optimistic or being that too positive that you can learn up this skills on a short time and not to lose money because its an inevitable thing for you to encounter challenges and its normal. It all matters into your mind on how you do handle up this risks and always consider about the reality and thats why taking up research will really be that relevant.
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c4lmdeg3nSenior Member
Posts: 191 · Reputation: 1118
#12Dec 3, 2024, 05:30 AM
You're probably talking from personal experience and if that is the case, you definitely encountered a lot of loses but you can not write off crypto trading because of enormous loses. I totally agree that trading is hard and it's not a get rich quick scheme but people who have diligently learnt and increased their knowledge about how it works wouldn't agree that it's a waste of time. I can assure you that people are making profit in trading and they are the ones that don't trade with emotions, not greedy and they use amounts that they can afford to loose. Crypto is not something that people who are looking for quick cash should rush into, they need to learn and be mentored by experienced professionals so that they can be profitable.
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chrischainFull Member
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#13Dec 3, 2024, 09:29 AM
It's a process that takes time, sweat, and effort. You can't rush into it and expect results in a week or a month - you gradually build yourself up and adapt to the everchanging market.
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CalmLedgerSenior Member
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#14Dec 3, 2024, 01:15 PM
If you want to trade, you must determine how much money you will use as your capital. No need to taking loan for trade or just recover your losses because if you don't solve your problem in trading, you will still get the same thing as before. You need to learn more about trading and improve your skill so you can have a chance to analyze better and get the right coin. Losing money in trading is normal because almost all traders experienced that but what we need to do is how we can improve our skill to be better. That is the one of the keys to trade and get the chance to make a profit.
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gregfoxFull Member
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#15Dec 3, 2024, 07:07 PM
Trading is a complex and risky activity but with the right knowledge skills and mental discipline it can be a profitable profession. For this you need to learn to control your emotions there are many traders who cannot control themselves after a loss and then they lose capital. Maintaining mental discipline and following a predetermined trading plan are essential for success. There is nothing special to say about trading. Trading is easy if you understand the exact position of the market and the candles. But you cannot go beyond your limits, you have to trade by determining the amount of money.
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the_stackFull Member
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#16Dec 3, 2024, 11:00 PM
You will use your knowledge of how the market works and what are the trends. If you have knowledge how the candle works and makes a technical analysis you can easily earn money in trading I didn't say its a risk free but instead you can earn profit throughout predicting the market if goes up and down you can lessen the number of risk. If you know to yourself you have the potential to earn with the market why not take this as an opportunity to earn extra money.
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calmguruSenior Member
Posts: 215 · Reputation: 1355
#17Dec 4, 2024, 03:27 AM
Losing your money to market and still taking loans to continue trading is enough to make trading special  The truth is not everyone actually loses their money to the market always but the larger percentage of traders do actually lose money to market while trading. In as much as trading is risky, majority of newbies that want to learn trading approach with the aim of making money as quickly as possible and hence, losing their money due to frustration. If you can be patient to learn and relearn the necessary knowledge, you will lose money as its part of the trading which one can not escape but of course you'll make some profits too.
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calmomegaSenior Member
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#18Dec 4, 2024, 03:39 AM
Depends on what you're comparing it with or how you're looking at it? If it was to earn money, then I'd probably say it's a lot easier/accessible to most and probably offer the most risk for it, but also greatly rewards you for it. Requires a few prerequisites but if you get past that then increments of 10x or more isn't exactly impossible. Rare, yes, but not impossible. ANd no need to see it as "damager". It only becomes one if you enter it blindly believing yourself to be some kind of "trading guru" after watching some scammy youtube videos without even understanding the terminologies when studying the market.
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hodler_gweiFull Member
Posts: 82 · Reputation: 479
#19Dec 5, 2024, 07:34 PM
In my opinion, all traders will feel special when they get profit, because that is the goal, and to become a profitable trader requires qualified knowledge and a long process and also experience that must be learned well to become a profitable trader and this is not an easy thing. Because most of them give up easily after experiencing many losses which are all a process to become an expert trader, especially time, because to do it takes 24/7 and make sure you have more time to do trading activities. So in my opinion, the privilege will be created if the trader can go through it all without giving up and always learning from mistakes to continue trying to become a profitable expert trader.
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coldaltFull Member
Posts: 161 · Reputation: 778
#20Dec 5, 2024, 08:33 PM
I feel that pain and level of confusion in your post about trading. I don't want to say you're speaking out of frustration as it might sound a bit harsh. Trading is everything there's to making money online. Like someone said, trading is the hardest way of making the easiest money. Money Management (MM) and emotional control are key in ensuring one becomes profitable and remains that way in trading. Anyone who thinks trading is a shortcut to riches will eventually get their fingers burnt. Develop that mindset that trading is a professional engagement, not something to be done haphazardly. The day you begin to see it as something in the line of engineering, law, medicine, architecture, aerospace, and should be given deep attention learning it, everything changes. It's a profession that doesn't stop earning for you once you get the set skills and apply the strategies that work for you without allowing anyone distract you. FA, TA or Sentimental Analysis won't apply themselves if you don't know how to apply them, even when you know them all. I'm a TA person but that doesn't blind me from watching what the other are saying.
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