Every trader hits a point where things start to get confusing. Sounds wild, right? But I've been there and I've figured it out.
You might think you're doing everything right, sticking to your plan, keeping your risks in check... then bam, your results still don’t add up. Honestly, it’s often those overlooked factors outside your control that drive you to that moment.
You realize that it’s no longer just about what you're trading. It’s really about how those trades are executed.
If you’re trading regularly, the fees can pile up. You might notice slippage or delays, especially when the market's wild. And the quality of execution? Yeah, that becomes more obvious when you're dealing with tight setups. Individually, these issues might seem minor, but trust me, they add up over time.
So I'm curious about the pro traders here, especially those who trade a lot and enjoy the benefits of VIP statuses on various exchanges. I recently figured out that VIP traders get some nice perks (if that's the right way to put it), but the status and the perks themselves can differ from one exchange to another.
After checking out how different platforms like Binance, Bybit, OKX, and Bitget work, it’s clear they all have their own setups. Some cater more to high volume trading, while others focus on execution quality or ecosystem access. For me, Bitget VIP seems to fit my trading style best and is also easier to reach.
Experience has taught me that in trading you can't really be in control even though that's what your own strategy and level of trading skills might wanna you feel like about your plan. Thinking nothing could go wrong is actually the first mistake you've made as a trader, because that mentality taking into trading could make you neglect little errors that if you had being objective with your strategy and plan you could have observed and corrected.
Things could fundamentally go wrong at any point, it's a reality that every trader should always keep in mind by creating necessary risk management dyke to either prevent or reduce the risk effect.
Ive used all these and I like bybit setup when it comes to trading but Binance is also good indeed. Regarding OKX, Im not sure I had registered there but rarely used it.
How I wish to had that VIP status but the trading requirements is quite heavy and huge. For me ecosystem access amd conveniece also works best when you are conviently using it well. I had a little bit hiccups at first but thats normal when you are new right? Strategy wise, its the same but the platform conveniency is way better for your trading set up when you used to it.
You know you're absolutely right. Lol that mentality of thinking nothing could go wrong had to go hence why I started looking at the very tiny details I had ignored in the past and now looking for ways to keep them under a little bit of control.
I don't know, but have you noticed any difference trading as a normal trader Vs trading as a VIP member on any exchange?
Lol I see you've been around the block long enough to have used most of those exchanges. I get it, one must try quite a few of them to find the one that fits your trading needs/style.
Regarding VIP status yeah, from my research and comparison, Binance has less access than Bitget. Bitget is more accessible through it's VIP fast track program, which links VIP status to more active trading behaviour rather than just static asset holding.
Your question is not clear at all. You mean VIP users are making money than normal users on exchanges? I have VIP 2 on an exchange before but I continued to lose when I trade.
People like James Wynn which is common on this forum as a trader that is trading with millions of dollars will have VIP status on the exchange he is using, but he lost huge amount of money.
People should be very careful while trading, both normal users and VIPs.
Your problems, even very severe problems, begin with your decision on going with trading and it does not start with your choice of using any trading strategy.
Because trading is very dangerous for your fund, and most traders lose money in trading. That's your terrible decision when choosing trading as a way of using your capital in a dangerous way while you must know that investment is a better, safer way of using capital for getting profit with much less risk of losing your money.
If you already felt profits from trading, you may feels better and thinks that you are a pro trader. That can reduce your awareness and controls in trading so that slowly gives you trouble. You feels that the problem you face will not big and you can solve it with your skills.
That is overconfident as you thinks that you can profit in the next trade. But thing that happens is you slowly losing control in your trading and can't see what changes.
But normal and VIP traders can losing money in trading. It is no problem if you are normal traders and all you have to do are improving your skills.
At the very least we should follow the steps and strategies with much more discipline and perhaps evaluate them later to see if they're suitable for implementation. Why do many traders fail in trading? Most of us may lack discipline and always want to profit quickly, leading to trading that no longer follows the initial strategy and limits the risk of loss.
Experience has taught us one thing, wherever we are there's no such thing as instant success. It requires discipline, evaluation and actions that we need to change to produce much better results. Trading is not about who is faster, but about who is able to persevere and evaluate so that continuous improvement is achieved on mistakes that are considered less than perfect to be corrected.
Trading is a very difficult craft, that is why you will keep on losing money even though you have the right knowledge on technical and fundamental analysis, because what I have come to understand in trading is that knowledge is not enough in trading, you need to be skilled at controlling your emotions, and know when to take a trade, not trading anything you see in the market. That is the only way you stand a chance of being profitable while trading.
I only question my trading strategy from the beginning of my trading journey, but right now, I do not question it to the extent of switching to a vip trader. What I do now is taking fewer trading set up, but I make sure it's the best available set up before I risk my margins on any trade.
The main purpose of this thread is to address Bitgit spamming. @OP doesn't want any discussions but rather to promote VIP accounts.
Therefore, avoid taking this thread seriously or using Bitgit.
Come on, I don't think deciding to trade was a problem. Also, I don't necessarily agree that investment is better than trading because in my opinion, investment is just long-form trading. After all, eventually you do have to cash the investments at the right price.
Yeah, most traders are losing money, I agree. But I'm pretty sure that most investors (small-scale investors like us forum members) are also losing money because we can't manipulate the market or have inside information. Take a break if you can't figure out what's going wrong. Sometimes a break solves everything because you get time to think, which is not possible when you're stuck in trading.
Not even VIP can safe you if funding rate explode, RAVE is prime example of why VIP trading fee waiver sometime is not that useful.
A 30,000% funding rate will explode your trading position even if you are using VIP tier to reduce fee trading. I don't know why you keep pushing your VIP tier agenda but I personally don't see that much use.
The difference is that when trading you have to buy and sell very quickly, at that point you could make a mistake and then you could lose money, whereas at investment, it's all about upside, and never about downside, which means that bitcoin will go up eventually so if you wait long enough then you are going to profit anyways. That's the difference, if you want to buy today and sell today then you could make a loss, if you buy now but sell "whenever" then you are going to end up with some profit.
Trading is either better nor worse than investment, that depends on the trader and the investor, some traders are great, some are terrible, some investors are great and some are terrible, it all depends on who does it.
Trust me bro, once you find yourself in this situation, you will doubt everything you do. The setup, the platform, and your overall strategy will make little sense to you, to the point where you may be tempted to quit. Sometimes, what you just need is consistency in your known strategies. It is not abnormal to get inconsistent results in your trading setup. Trading is not as easy as it may seem, and the uncertainty surrounding it sometimes makes it even more difficult. Mind you, VIP is not the solution; you may still perform poorly even after upgrading to VIP if you do not have a solid strategy to back it up.
It's not about the strategy or set up for me.
But how the reality has made me realized that it's not going to work for all people even if you've got the best setup and strategy.
That's when I've realized that I have to stop trading and make sure that I am doing something better and that's to DCA.
If someone can trade using the right knowledge, then trading is very easy and profitable for him. Similarly, in the case of investment, if you survive in the market with patience, then investing is also easy for him. However, not everyone understands trading, for some, trading is very easy and for some it is very difficult. A trader always has to keep his eyes and ears open. He always has to observe the market. And he has to have all the ideas about the market charts.
In the case of investment, it is very easy, for example, if someone buys through the dca strategy, then he only has to buy regularly. Be it weekly or monthly. He only has to keep a specific amount of money for buying investments. And he has to be consistent in investing.
Although trading is difficult, one can profit in trading in a short time, if he has a good idea about trading. Again, many times one has to face a lot of losses. So before learning trading, one has to be a little more focused and hard-working, even if it takes time, it becomes much easier if you can learn. People can learn everything by heart if they try. So if someone tries, trading will not be that difficult for him.
Similarly, in the case of investment, one has to invest for a long term which is at least 2 cycles i.e. 4-10 years. If an investor can survive in the investment by maintaining the discipline of investment, then he will be profitable.
That right though, something are just not for everyone and no matter how we put in the effort of something isnt for us we would easily know and make amends. But some people still doesnt understand this fact they keep pushing and wasting effort into something that isnt for them at all and at the long run they end up making silly regrets.
So you left trading and channel all the energy and mindset into investing in bitcoin let me assume since you didnt indicate though but I guess it bitcoin you invested in with the DCA strategy. And surely I know the journey is getting interesting and hope you are really having good time with your holdings, because I know with the help of DCA then the journey will be much more interesting.
What do you mean by interesting? Less stress because we don't have to watch the chart daily? As far as my experience goes I think doing DCA doesn't give me any "happiness" or something like that, probably just a neutral feeling since the routine is the same. Maybe I'll be happy with the result but certainly not seeing my monthly holding and thinking "how interesting" every month.
It does feel like that sometimes but for me, it's just temporary burnout after trying things so hard but not getting the result. I hope that if that's the case with you, you come out of it.
Again feels like frustration more than anything and I totally understand it. But, perhaps also a good idea to revisit the strategy and consider making some changes if things aren't working as you planned, despite following it perfectly.
I guess you are using DEX, and indeed, the fees stack up and become a huge factor when you are trading all day and night. Perhaps consider trading on a centralized exchange because there is a negligible fee there, if at all.