Altcoins Talks - Cryptocurrency Forum
Further Discussions => General Discussion => Topic started by: Crypto Fella on July 13, 2024, 08:07:52 PM
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The crypto market is very volatile and we all know that trading is not very easy and I will like to know how y'all measure success despite the ups and downs, how can I say I am succeeding in the crypto trading market?
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The crypto market is very volatile and we all know that trading is not very easy and I will like to know how y'all measure success despite the ups and downs, how can I say I am succeeding in the crypto trading market?
OP, one succeeding in something does not really mean that it must be physically showing itself but these days, one being successful must be seen in their physical outlook like in money. Yes no doubt about that money must be felt and seen as a result of your trading success because only that qualifies you for being able to get people under you at first. People do not really consider your trading skills to be successful these days because all what they are after is profit as that should be the end results of whatever you are doing to show for but I see it as one of the successful tips if you must continue to trade. Being a skillful trader brings you lots of profit and that is what I think people should know about and start changing their mentality and mindset.
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I don't really know if how others measure their success in crypto trading but If I am in trading then how I will measure my success is by how much profit I gained. If you don't have profit after trading then you are not successful in trading and you need to have more experience and knowledge about trading. Anyway, why do you want to measure success un crypto trading when you can just keep it yourself and it's better that way for privacy matters.
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Becoming a skilled trader will bring you huge profits so you can continue this business. I have seen some profit from trading but no one wants to believe because everyone is less familiar with it. People know we have to practice a lot to trade profitably. A lot of research and money will be wasted in the beginning. Yes there is no doubt about the money that can be earned from your business. My friends tell me that the way to make money by trading is complicated but in that case they want to invest.
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The crypto market is very volatile and we all know that trading is not very easy and I will like to know how y'all measure success despite the ups and downs, how can I say I am succeeding in the crypto trading market?
I think this should be a straight forward answer question. The number of Cryptocurrencies in particular the cryptocurrency you are trading with. The amount you have gotten should tell you that you have successfully achieved good number of coins from your trading or investment. And every trader knows that cryptocurrency is volatile so when you enter the market, you have to put your mind like that so that you will not be disappointed. Like this days traders are losing because of the fluctuating nature of bitcoin this days. Yesterday bitcoin was $60k before we knew, it has drastically gone down to $56k again. This kind of movement affects stopped lose setting in trading.
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I don't really know if how others measure their success in crypto trading but If I am in trading then how I will measure my success is by how much profit I gained. If you don't have profit after trading then you are not successful in trading and you need to have more experience and knowledge about trading. Anyway, why do you want to measure success un crypto trading when you can just keep it yourself and it's better that way for privacy matters.
Yes I also measure success in trading by the profit because when tracking your overall trade and comparing the loss and the gains you can measure that your trading is a success because of the profit you have gained
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The crypto market is very volatile and we all know that trading is not very easy and I will like to know how y'all measure success despite the ups and downs, how can I say I am succeeding in the crypto trading market?
is there any other way to measure success aside from counting your profit?
i guess if you want a more detailed answer it would depend on your target and goals personally if i see my money double which was originally my target anyway then i would count that as a success as a trader you should learn how to be realistic and manage your expectations depending on the market and how much investment you have made
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In the midst of a market as volatile as the crypto market, I think one way a trader can measure success or ensure he's being successful in his trades is by via a trader's ability to stay calm and maintain absolute calmness and control emotionally during a fluctuating market, because this is often the period when traders end up making impulsive decisions, as a result of emotional instability caused by fluctuations in the market. If a trader can manage to maintain emotional balance during such market conditions, he'll have the opportunity to make better decisions that'll make him stay in profit or mitigate the losses. And by that, he'll gradually learn from the market condition and also look for alternative ways to be able to adapt to different market conditions, both the favourable and the unfavourable conditions.
Because I'm strongly of the opinion that being successful in crypto trading isn't just about making profits but also about avoiding losses as much as you can, so even in times that you don't make profit but is able to avoid losses, that could also be considered to be a huge success.
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I don't really know if how others measure their success in crypto trading but If I am in trading then how I will measure my success is by how much profit I gained. If you don't have profit after trading then you are not successful in trading and you need to have more experience and knowledge about trading. Anyway, why do you want to measure success un crypto trading when you can just keep it yourself and it's better that way for privacy matters.
Yea, I think the amount of profit that you have made will make you know if you are making success or not because that is the only way one can record his success in whatever business he is into. If you have lost more than you have made profit, it means that you are losing and should either quit trading or go and get more knowledge and experience on trading.
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The crypto market is very volatile and we all know that trading is not very easy and I will like to know how y'all measure success despite the ups and downs, how can I say I am succeeding in the crypto trading market?
Measuring success is easy. If you are profiting from trading, if your balance has increased, and if you have been able to gain mastery of proper risk management, you can call yourself success. If you have been able to reduce your losses to the barest minimum, you can call yourself successful in trading. If you also have results to show, like things that you have accomplished with crypto trading, you are successful too.
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how can I say I am succeeding in the crypto trading market?
Profit to initial capital ratio.
If you started with 100$ and you now have 500$ then you can say that you're succeeding. Of course, the term "success" is subjective and it depends on every trader. There are some who already x5 or even x10 their money but they don't consider themselves as successful still while on the other hand, there are some who consider themselves successful already when they doubled their initial capital. Let's not complicate things. :)
Measuring your success in trading depends on the profit that you got and your definition of success.
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The crypto market is very volatile and we all know that trading is not very easy and I will like to know how y'all measure success despite the ups and downs, how can I say I am succeeding in the crypto trading market?
Being able to meet up with your targets in trading is one one the means through which we can have the measure to know if we are succeeding in what we do, trading could in some instances comes along with challenges, we may have to place a time frame in checking to know whether we are meeting up on some specific target with trades or not, though there are risk levels and challenges stages in which we have to overcome along the line, but knowing how it has been profitable will be determined by how often we get it right on every trades we perform.
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... how y'all measure success despite the ups and downs, how can I say I am succeeding in the crypto trading market?
Success in trading doesn't always means profit, of course it is better when you gain profits either you meet your targets or not as long its profit, but remember its much more better when you prevent losses while regularly trading knowing the market is very volatile.
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The crypto market is very volatile and we all know that trading is not very easy and I will like to know how y'all measure success despite the ups and downs, how can I say I am succeeding in the crypto trading market?
Only 1 way to measure:
Buy low sell high
Yes, you heard it. Don't let your emotions drive you crazy and FOMO. Just buy and hold, if the price drops, don't panic just HODL and wait for the up movements. The advice is not for memecoins gambling scenario.
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The crypto market is very volatile and we all know that trading is not very easy and I will like to know how y'all measure success despite the ups and downs, how can I say I am succeeding in the crypto trading market?
It's actually easy, with you getting a profit of over 10% every time you trade and it's done in a daily period, and every week, month and year you achieve it, but the reality is that all of that is difficult, my friend, where all hopes do not match reality, so in my opinion the level of success in crypto is only profit and profit, nothing else
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The crypto market is very volatile and we all know that trading is not very easy and I will like to know how y'all measure success despite the ups and downs, how can I say I am succeeding in the crypto trading market?
It's actually easy, with you getting a profit of over 10% every time you trade and it's done in a daily period, and every week, month and year you achieve it, but the reality is that all of that is difficult, my friend, where all hopes do not match reality, so in my opinion the level of success in crypto is only profit and profit, nothing else
The obvious reason for trading crypto or any other commodity is to make profit so when someone is making money then it is the deciding factor whether the person is successful or not. People can make 10% a day but the next day they can lose 20% and that is why we always say day trading is the most riskiest form of crypto trading.
The longer the time frame the better the chances of making profits.
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The way I measure one success in crypto is the amount of accumulated crypto in their portfolio, their risk management, the way they diversified their investment in Bitcoin and some other altcoin(80% Bitcoin and 20% altcoins), their long term investment goal in crypto and their knowledge of crypto.
The mentioned points above, that's the way I measure my own success in crypto when people say they are successful traders.
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Succeeding in the crypto world of trading simply involves, firstly; consistently making more money than you lose, managing risks to protect your investment, and sticking to your trading plan without letting emotions in on it. It also involves staying calm during market swings, learning from your mistakes so you can improve over time and balance your investments across different assets. As we all know, success is all about reaching your personal financial goals, whether that is extra income or reaching your financial independence.
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The goal of every trader and even investor is to make profit, if you losing more that you are making profit, then you can't call it a successful trade. Take note that success in trading takes time, you have to build your knowledge, hone your skills and get better at it. It would surely not be all profit at the beginning, but if you know what you are doing and you are sure you have the required skills, you may be successful in the end.
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The crypto market is very volatile and we all know that trading is not very easy and I will like to know how y'all measure success despite the ups and downs, how can I say I am succeeding in the crypto trading market?
The crypto trading market is very volatile and that does not mean that you can’t make a lot of profit out of it. It is very important to take note of many things when it comes to trading. Your level of success will depend on how often you achieved your primary goal of trading which is making profit. Despise the volatile nature of the market, as a trader, you can always take advantage of the market whether on the upturn or downturn of the market. Trading is risky but if you have the sufficient knowledge about it, you can make a lot out of it that even those that have invested in them for a long time haven’t made in a while since they started their investment.
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To determine for the measure of how successful we have been in making trades, we have to take time by considering some of the things we do, first is by giving a cognitive attention on the progressive ways we have been gambling with, secondly, is by the ways of how we are making performance in them, if your trades in recent days are profitable or not, as well as what other measures do you have in consideration for more effective trading experience.
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The crypto market is very volatile and we all know that trading is not very easy and I will like to know how y'all measure success despite the ups and downs, how can I say I am succeeding in the crypto trading market?
Can make money routinely in every trade made and have a strong instinct in making every decision because of the very good supporting data every day. I think that's the best point to measure someone as successful or not.
The point is when a trader finds a formula so that he can continue to make a profit in every step he takes, in my opinion that is a great success... the formula can be repeated, enlarged or increased in action to produce more money.
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The crypto market is very volatile and we all know that trading is not very easy and I will like to know how y'all measure success despite the ups and downs, how can I say I am succeeding in the crypto trading market?
Can make money routinely in every trade made and have a strong instinct in making every decision because of the very good supporting data every day. I think that's the best point to measure someone as successful or not.
The point is when a trader finds a formula so that he can continue to make a profit in every step he takes, in my opinion that is a great success... the formula can be repeated, enlarged or increased in action to produce more money.
Success would do matter or simply showing up on the time that you had able to reach out that kind of condition on which you are already sustainable when youdo mae up trades.
Trading is never been easy but doesnt mean that it would be impossible for someone to deal on with. This is why we are really that thriving on every gambling session that
we've been doing since the thing that comes up into your mind is on the time that you would be dealing up with trading then sustaining or survival of yourself will really be
inside of your mind. Success could measure on the time or moment you've seen yourself that having that life which we when it comes to financial then you could
simply provide it out.
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The crypto market is very volatile and we all know that trading is not very easy and I will like to know how y'all measure success despite the ups and downs, how can I say I am succeeding in the crypto trading market?
It's actually easy, with you getting a profit of over 10% every time you trade and it's done in a daily period, and every week, month and year you achieve it, but the reality is that all of that is difficult, my friend, where all hopes do not match reality, so in my opinion the level of success in crypto is only profit and profit, nothing else
The obvious reason for trading crypto or any other commodity is to make profit so when someone is making money then it is the deciding factor whether the person is successful or not. People can make 10% a day but the next day they can lose 20% and that is why we always say day trading is the most riskiest form of crypto trading.
The longer the time frame the better the chances of making profits.
Yea, your success in whatever you are doing is measured by your profits and knowledge that you have gained during that period which you are into it. It's same with trading if you have made more prifit than losses, you are successful in it. However, if you have learnt a lot and still cannot make profits but run at loss often, you are not successful.