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Author Topic: Don't be in a Rush  (Read 3088 times)

Online milewilda

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Re: Don't be in a Rush
« Reply #60 on: May 16, 2024, 08:15:02 PM »
It is definitely not that easy to predict, it takes time to make it work and I believe that we are going to end up with something that will challenge the whole market before we get to be calmer. I mean the reality is that we can't make it work any other way, a lot of people think that we could make some money off this, but the truth is that as long as the market doesn't calm down, we can't. I believe that we are going to go up, a lot higher, but that will not be anytime soon, the best we can see in short term would be 70k at best, but long term we could see 100k+ easily, and that bull run hasn't started just yet.
On the moment that you would become that confident then you are really that prone into those possible or potential loses which might be that more severe in compared into those individuals who would really be taking up some precautions on the time that they do s tart up on trading. We do know that dealing up with this market isnt something that will really be so simple on where
you would really be having that kind of consideration on which you would be needing up to be versatile or be wary on whats happening around. Dont make yourself that be in a rush on making profits because when desperation kicks in then this is the hardest part that you would really be needing up to control.

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Re: Don't be in a Rush
« Reply #60 on: May 16, 2024, 08:15:02 PM »

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Online Jamal Aezaz

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Re: Don't be in a Rush
« Reply #61 on: May 17, 2024, 08:36:04 PM »
Yes, you are right, work is a certain thing, because every month we will definitely get a salary that has been determined based on the work we do. We don't have to worry about what we should do next, because the job description has become our daily activity.

However, trading depends on ourselves, whether we will win or lose depends on our analysis of the market. But the difference is that our time will probably be more flexible than a real job.

In trading we use extra energy and use our mental power to make decisions while doing a job we use our physical power to make certain tasks but still with greater hard work in trading it is not guaranteed that we will earn from it while with little struggles in the job we must get our salary on time.

Trading does not always depend on us because sometimes our selection is right and also we buy at the right price but the market does not co-operate so we lose money therefore don't think that we lose in trading due to our mistakes always.
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Offline Dr.Bitcoin_Strange

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Re: Don't be in a Rush
« Reply #62 on: May 17, 2024, 09:32:30 PM »
.

Trading does not always depend on us because sometimes our selection is right and also we buy at the right price but the market does not co-operate so we lose money therefore don't think that we lose in trading due to our mistakes always.
Yeah. Trading is more of a psychological and mental work and mistakes can actually occur and lead to losses, but that doesn't mean that the only thing that causes losses are mistakes, because one cannot always accurately predict the market, things can often go sideways and result to losses even when you apply extreme caution and carefulness in implementing our trading strategies.

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Re: Don't be in a Rush
« Reply #63 on: May 17, 2024, 11:28:30 PM »
In trading we use extra energy and use our mental power to make decisions while doing a job we use our physical power to make certain tasks but still with greater hard work in trading it is not guaranteed that we will earn from it while with little struggles in the job we must get our salary on time.
Both energy and mentality are needed in investment, it is not for trading only. There are no guarantee for the profits both in trading and investment. This is the fundamental matter in crypto business, there is no certainty of the success. And we don't forget that we must take the risks, too. People must think about these first before they start to trade or invest the money.

Trading does not always depend on us because sometimes our selection is right and also we buy at the right price but the market does not co-operate so we lose money therefore don't think that we lose in trading due to our mistakes always.
The market trend always changes, that's why we must update the information and must analyze the potential of the changes. If we are trading certain coins, we must understand how long the coins to have good trends. If it looks like to have bad trends, we must decide to exit as long as possible. So, we can secure the funds!

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Offline Dr.Bitcoin_Strange

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Re: Don't be in a Rush
« Reply #64 on: Today at 10:40:39 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.
I believe there are online and offline basic and intermediate trading courses that aids beginners and traders to study and master the art of trading. Trading is an art and have tools and materials that helps you master the art but the problem is that most beginners come into the trading industry with a very big misconception of what trading is all about and then they fail to first acquire the necessary information and knowledge required, and they end up gambling with their finance and when they incur losses, they leave with the impression that crypto trading is scam.

Offline Vx1

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Re: Don't be in a Rush
« Reply #65 on: Today at 03:22:05 PM »
Usually people who rush into crypto trading are beginners, or indeed these people already have an impatient character.  Getting big profits in crypto trading requires a long process, and experience in crypto trading is really needed to make it happen.
So actually it's not true if someone says crypto trading is a quick way to get rich, without knowledge and experience we won't easily make this happen.

Online $crypto$

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Re: Don't be in a Rush
« Reply #66 on: Today at 05:12:44 PM »
Yes, you are right, work is a certain thing, because every month we will definitely get a salary that has been determined based on the work we do. We don't have to worry about what we should do next, because the job description has become our daily activity.

However, trading depends on ourselves, whether we will win or lose depends on our analysis of the market. But the difference is that our time will probably be more flexible than a real job.

In trading we use extra energy and use our mental power to make decisions while doing a job we use our physical power to make certain tasks but still with greater hard work in trading it is not guaranteed that we will earn from it while with little struggles in the job we must get our salary on time.

Trading does not always depend on us because sometimes our selection is right and also we buy at the right price but the market does not co-operate so we lose money therefore don't think that we lose in trading due to our mistakes always.
Well, this is also what makes the difference, when we work physically we will move more, especially if we take into account the time from when we go to work, until we go home after finishing work. However, in trading we don't do that much physical activity, we can even do it in the bedroom.

However, our brains will work extra, how do we analyze a market and we even have to analyze fundamentals which will later influence price movements.

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Re: Don't be in a Rush
« Reply #66 on: Today at 05:12:44 PM »


Offline doc

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Re: Don't be in a Rush
« Reply #67 on: Today at 06:54:51 PM »
Trading requires being able to control your patience and of course you have to be able to manage your finances and still understand the risks involved, because we don't know whether in the future the money we use for trading will still be there or not. I prefer to do traditional trading rather than having to do leverage trading like you do because the risk is too big for a new trader like me.
You forget that luck also plays a big role in making your trading always win. We can indeed learn some knowledge about trading such as technical analysis, fundamentals and so on, but if you are lucky then you will win... Meanwhile, if you are unlucky, you may lose or only win a small amount. .

Learning or knowledge does increase our chances of winning, so we still can't depend on luck alone. unless you gamble on it.
That's right, there are many trading theories that we can learn well. With the knowledge we learn, it can help us to determine where cryptocurrency prices will move. But this cannot be used as a benchmark. So far, cryptocurrency price movements on exchanges are very difficult to predict. predict correctly.
That is the reason we conduct analysis, observe and make predictions about the coins we will use for trading. Because crypto is unpredictable, we must have good experience and knowledge in looking at charts and of course reading daily volume movements of the coin

 

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