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Author Topic: Don't be in a Rush  (Read 1283 times)

Offline Dr.Bitcoin_Strange

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Re: Don't be in a Rush
« Reply #30 on: April 14, 2024, 11:55:06 PM »
Trading is not a get rich quick scheme. Trading can even be a get poorer scheme for any body who doesn't have the knowledge of trading and just jump straight up into trading. Even those who have years of experience in trading usually experience losses and sometimes their loss is usually significant. So, if experienced traders can face losses, that means newbies will even loss more than those who more experienced than them. Trading is not something that anyone should forcefully rush into without first learning how to trade.

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Re: Don't be in a Rush
« Reply #30 on: April 14, 2024, 11:55:06 PM »

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Re: Don't be in a Rush
« Reply #31 on: April 15, 2024, 01:23:38 AM »
Now and days alot of people have this mindset that trading is get rich quick scheme, which shouldn't be like that . I have seen alot of cases where newbies or individual with half-size knowledge about this space jumping into trading without any proper knowledge, some even go further starting with future trading, with the sole aim to make alot of profit fast .which is actually wrong , because you may endup making countless losses with such move .

so if you don't have good knowledge about trading please focus more on spot trading instead, because as time goes on your trading skills would increased with minimise risk . And also no matter the dip , aslong the coin you trading is well known and nice , it would surely recover from that dip and you may endup with good profit if you are patient enough. But if it was future trading, the dip may endup triggering your liquidation and your trading cash may endup liquidated.
Fear and Impatience contribute to this why some new traders sometimes either win little or fail in trades. Some would think maybe of I try this out with the opportunity market is giving lately, I might hit the jackpot. And if you check 20% of newbies they fall on this category. They feel they might be missing out winning it using Demo.
At least is good to know there's something like Dual Investment. With a low risk implemented in it, I think the majority of newbies could be more focused on using a demo to learn how to trade

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Re: Don't be in a Rush
« Reply #32 on: April 16, 2024, 12:06:34 AM »
Trading is not a get rich quick scheme. Trading can even be a get poorer scheme for any body who doesn't have the knowledge of trading and just jump straight up into trading. Even those who have years of experience in trading usually experience losses and sometimes their loss is usually significant. So, if experienced traders can face losses, that means newbies will even loss more than those who more experienced than them. Trading is not something that anyone should forcefully rush into without first learning how to trade.

I think trading should be considered as a course, just like other programming courses that we have. It certainly requires a step-by-step approach to mastering all the fundamentals that might be necessary. Due to greed and ignorance, newcomers choose to skip these fundamentals, or sometimes take a few lessons before jumping into it. They fail to realize that the activities of the market are far beyond their level, which would certainly put their investment at risk. There are other ways to make money, for which trading should not be an option for those with less interest. If someone happens to have interest, then he/she needs to follow the right path by learning what's needed.

Learning sometimes might not be enough, because even those with greater knowledge make losses, just as you've stated. The ability to control one's emotions and keep pushing might have a great say in how long someone would last in the trading sector. How well a new trader reacts to negative results matters a lot. Life is never a win-win situation.
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Re: Don't be in a Rush
« Reply #33 on: April 17, 2024, 04:46:14 PM »
some even go further starting with future trading, with the sole aim to make alot of profit fast .which is actually wrong , because you may endup making countless losses with such move .
A new trader who is learning under someone who trades futures and fails to inform this new trader that futures is not for beginners may find themself being tempted to start trading futures first. And because of the many losses that these new trader will record in the market they may become discouraged and may decide to quit their trading. New traders should first try to master spot trading before advancing to futures, milk to bone! not the other way around.
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Offline Thyplaymaker

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Re: Don't be in a Rush
« Reply #34 on: April 17, 2024, 08:21:30 PM »
some even go further starting with future trading, with the sole aim to make alot of profit fast .which is actually wrong , because you may endup making countless losses with such move .
A new trader who is learning under someone who trades futures and fails to inform this new trader that futures is not for beginners may find themself being tempted to start trading futures first. And because of the many losses that these new trader will record in the market they may become discouraged and may decide to quit their trading. New traders should first try to master spot trading before advancing to futures, milk to bone! not the other way around.
Exactly, trading is one of the beautiful means in earning in this cryptocurrencies space . But can still be other for individual to lose their hard earned money if it being approached wrongly. Though trading is not actually easy one need to be determined and consistent with it inorder to be successful in trading, but most people normally approach it wrongly with the sole aim of wanting to make quick money which may lead to making rash decisions that may lead them losing it all. So is better to take your time learn while you earn , because small profits with minimise losses is better than big profit and uncontrollable losses.

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Offline Captain Corporate

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Re: Don't be in a Rush
« Reply #35 on: April 17, 2024, 08:42:01 PM »
To be fair, while you could take your time, you should also be careful with what you are doing as well. I personally believe that the best thing to do right now would be just making sure that you are not too slow as well. I understand that while you could prefer not being too quick, because if you rush into trading and make a wrong trade that would be a mistake as well, but you also can't take your time forever and not make any trades neither, because you would miss your chance in that situation as well. This is why I believe that you should be careful, find that right balance and you will do fine.

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Re: Don't be in a Rush
« Reply #36 on: April 17, 2024, 09:04:20 PM »
Trading is not a get rich quick scheme. Trading can even be a get poorer scheme for any body who doesn't have the knowledge of trading and just jump straight up into trading. Even those who have years of experience in trading usually experience losses and sometimes their loss is usually significant. So, if experienced traders can face losses, that means newbies will even loss more than those who more experienced than them. Trading is not something that anyone should forcefully rush into without first learning how to trade.

If someone does not understand such facts then he should not start trading because such people cannot get victory in trading who want to become millionaires in a day.

A complete way of accepting strategies is needed to become a successful traders like first of all you will learn about trading, it's harmful effect and solutions for it, then try to get knowledge about how to choose coin for trading and which qualities of coin should be preferred, then initiate with little amount and if unfortunately you don't win in getting profit then don't chase it but try to get the reason of losing and stop trading for some time to start again with more knowledge.
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Altcoins Talks - Cryptocurrency Forum

Re: Don't be in a Rush
« Reply #36 on: April 17, 2024, 09:04:20 PM »


Offline enwi

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Re: Don't be in a Rush
« Reply #37 on: April 23, 2024, 10:32:26 AM »
To be fair, while you could take your time, you should also be careful with what you are doing as well. I personally believe that the best thing to do right now would be just making sure that you are not too slow as well. I understand that while you could prefer not being too quick, because if you rush into trading and make a wrong trade that would be a mistake as well, but you also can't take your time forever and not make any trades neither, because you would miss your chance in that situation as well. This is why I believe that you should be careful, find that right balance and you will do fine.
That's right, it's better for us to wait until a bear market occurs because if we enter at a cryptocurrency price that is having a fairly high price increase, it will have the potential to get us trapped at high prices.

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Re: Don't be in a Rush
« Reply #38 on: April 26, 2024, 12:39:57 AM »
Being in accordance with the timing of trading as well as a detailed analysis of the actual purchase of one of the coins is necessary for the time to come. Watching the profits unfold in the long run is literally good thinking, there's nothing wrong with that.

 

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