Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: sonaa on September 17, 2024, 06:43:40 AM
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Noob:
• Panics over dips
• Buys high, sells low
• Checks portfolio every time
Pro:
• Sees dips as discounts
• Buys low & hold
• Focuses on long-term gains
Comment yours...
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If we compare the two, professionals will definitely win because professional traders are experienced in dealing with market situations and have been in the crypto world for a long time and have a lot of knowledge about crypto, unlike beginners who have little knowledge of the market and even about crypto, they don't really understand when to sell and buy.
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If we compare the two, professionals will definitely win because professional traders are experienced in dealing with market situations and have been in the crypto world for a long time and have a lot of knowledge about crypto, unlike beginners who have little knowledge of the market and even about crypto, they don't really understand when to sell and buy.
Yeah, experience wins the luck, in the sphere where analysis can help you with the odds - definitely.
Two traders can get profit from their positions, but only an experienced one won't use it to push his luck a little bit more, diversifying risks and going forward with a cool head.
That's my view on it.
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Noob:
• Panics over dips
• Buys high, sells low
• Checks portfolio every time
Pro:
• Sees dips as discounts
• Buys low & hold
• Focuses on long-term gains
Comment yours...
These are not the characteristics of noob and pro traders, they are the characteristics of noob and pro investors. Investing and trading are not the same. Waiting for the market to fall, buy and hold after the market fall are not for traders because traders are not patient to that extent.
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Noob:
• Panics over dips
• Buys high, sells low
• Checks portfolio every time
Pro:
• Sees dips as discounts
• Buys low & hold
• Focuses on long-term gains
Comment yours...
These are not the characteristics of noob and pro traders, they are the characteristics of noob and pro investors. Investing and trading are not the same. Waiting for the market to fall, buy and hold after the market fall are not for traders because traders are not patient to that extent.
So, can we say that trading is for the short term and scalps, whereas investing - usually goes into the long term?
How would you differ them?
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I think the old ones are more professional than the new ones. Because experience is a big factor in every case. It is natural that the more experienced one is, the more proficient one becomes. But that's not the case for everyone. Many old traders cannot trade as well as a new and skilled trader. But in comparison, the old ones will be ahead of the noobs. Because old traders have been doing this for a long time and they are wiser. And noob traders are often confused and afraid to trade. In this case, the amount of investment becomes more than their sales.
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This is the difference between new and pro trader and we need to learn from here that the more time, money, practice you put into trading the smarter you can trade. We can divide crypto users into three categories. First of all, those who are new to cryptos fall into losses because they have less knowledge, so they lose everything in investment or trading. On the other hand the second level investors are those who get success from investing but also lose from trading. And the last is the pro crypto users who get profit on everything investment or trading. Their losses are minimal because they are crypto experts.
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If we compare the two, professionals will definitely win because professional traders are experienced in dealing with market situations and have been in the crypto world for a long time and have a lot of knowledge about crypto, unlike beginners who have little knowledge of the market and even about crypto, they don't really understand when to sell and buy.
Yeah yeah!
I keep hearing those things how pro traders do this and that and they have some magic voodoo that makes them supernatural beings when in reality they are gambling just as much as the other guys and it take the noob trader just one buy in some shitcoin that would skyrockets the next day to outsmart every single "pro" traders out there.
Also there are no such things as long term traders, the moment you buy something for long term hold you become an investor!
Yeah, experience wins the luck, in the sphere where analysis can help you with the odds - definitely.
Crypto trading and analysis, what do you analyze, what word will Musk tweet next?
Why can't people just admit it is pure luck after a year in which every single chart and indicator has failed a hundred times over?
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This is the difference between new and pro trader and we need to learn from here that the more time, money, practice you put into trading the smarter you can trade. We can divide crypto users into three categories. First of all, those who are new to cryptos fall into losses because they have less knowledge, so they lose everything in investment or trading. On the other hand the second level investors are those who get success from investing but also lose from trading. And the last is the pro crypto users who get profit on everything investment or trading. Their losses are minimal because they are crypto experts.
I think that you could be discussion a best comment in this post. Because we know that trade or investment both is very important issue in cryptocurrency market. But if we want to trade or invest, we must be understand in cryptocurrency market. Because an expert trader or investors can understand there market place, than they can easily success in trade or invest. So i believe that pro traders is very experts than noob trader. Because we believe that noob trader get less profit than pro traders.
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Noob:
• Panics over dips
• Buys high, sells low
• Checks portfolio every time
They don't have deep knowledge about trading and a lot of excitement works in them as they get involved in something new. On the other hand they are afraid of loss. Because of which these things happen to them
Pro:
• Sees dips as discounts
• Buys low & hold
• Focuses on long-term gains
When they were beginners they made many mistakes and learned something new from those mistakes and thus they became pro now. So now it is natural that they will always make the right decisions
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This is the difference between new and pro trader and we need to learn from here that the more time, money, practice you put into trading the smarter you can trade. We can divide crypto users into three categories. First of all, those who are new to cryptos fall into losses because they have less knowledge, so they lose everything in investment or trading. On the other hand the second level investors are those who get success from investing but also lose from trading. And the last is the pro crypto users who get profit on everything investment or trading. Their losses are minimal because they are crypto experts.
I think that you could be discussion a best comment in this post. Because we know that trade or investment both is very important issue in cryptocurrency market. But if we want to trade or invest, we must be understand in cryptocurrency market. Because an expert trader or investors can understand there market place, than they can easily success in trade or invest. So i believe that pro traders is very experts than noob trader. Because we believe that noob trader get less profit than pro traders.
All need a process, mate. A New Bies will become a professional trader in the future when he already has many experiences and knowledge to become a trader or investor. So I was not a professional because I always learned from all the problems that I did to suffer losses. Many things we must learn from Crypto.
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The main difference between a newbie trader and a professional trader is the emotional aspect, which doesn’t affect the person if it becomes red. If there is a minus in percentage, there wouldn’t be much of an effect on the professional trader compared to the newbie.
I think it comes with experience as well.
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Noob:
• Panics over dips
• Buys high, sells low
• Checks portfolio every time
I will agree with the point and want to also mention this that those noob trader have also another sign that they depends on others signal. I am sure those peoples who take panic and buy high and sell low they don't have the trading knowledge and get into trading on the based of others signal. I will call them stupid peoples not the noob trader noob mean new, newbie I will say they are not in the line of trader.
Pro:
• Sees dips as discounts
• Buys low & hold
• Focuses on long-term gains
I will not say that those who buy low and hold those are pro trader I will call them pro trader who have the proper knowledge of trading who knows the fundamentals analysis and the technical analysis and trader on the based of their own analysis.
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Comment yours...
Noob Trader
- Doesn't have a clear strategy
- Follow trend blindly
- They are overtrading because they think that the more trades they're making, the more profits they're making.
Pro trader
- Always do their research through analyzing market trends, the fundamentals, etc.
- Disciplined. No need for more explanation to this one. Professional traders has this kind of attitude.
- Diversify. They aren't going all in whenever they're trading.
- Does have risk management strategy.
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Noob:
• Panics over dips
• Buys high, sells low
• Checks portfolio every time
Pro:
• Sees dips as discounts
• Buys low & hold
• Focuses on long-term gains
Comment yours...
Yes absolutely true Newbies are do something wrong i.n trading. Because they are not huge experienced. So when they start trading then they take position without any thinking and analyses. And they buy token in high price and they sell it in low price.
On the other hand Experienced traders think and observe merket.After analyses they buy token. In low price. And sell it on high price.
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Noob:
• Panics over dips
• Buys high, sells low
• Checks portfolio every time
Pro:
• Sees dips as discounts
• Buys low & hold
• Focuses on long-term gains
Comment yours...
The professional traders are usually at a more advantage in making profit from their trade compare to newbies. A newbie is not supposed to trade when they are not so confident yet in their decision making towards trading because while trading, you must be confident enough to make decisions for any position you want to enter. Professional traders knows when to risk high and when to risk low and there are some traders that only enters a position when the chance is high.
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So, can we say that trading is for the short term and scalps, whereas investing - usually goes into the long term? How would you differ them?
I think that you already answered your own question. Trading is an active way to make money while investing usually means they are passive and for the long-term. In many cases, traders want to make big money so they can invest for the long-term and diversify their portfolio. Trading can be riskier than investing and that is why traders should be investing time to learn the basics of the market and advanced his skills in the process. Now, you can choose both as they are open to anyone who is willing to learn and lose money for his education. I still prefer investing though if I have the money since I hate risks and I am not emotionally stable which can be an enemy in trading. This is the reason why many people prefer to just HODL into the long-term and just shut off the news.
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So, can we say that trading is for the short term and scalps, whereas investing - usually goes into the long term? How would you differ them?
I think that you already answered your own question. Trading is an active way to make money while investing usually means they are passive and for the long-term. In many cases, traders want to make big money so they can invest for the long-term and diversify their portfolio. Trading can be riskier than investing and that is why traders should be investing time to learn the basics of the market and advanced his skills in the process. Now, you can choose both as they are open to anyone who is willing to learn and lose money for his education. I still prefer investing though if I have the money since I hate risks and I am not emotionally stable which can be an enemy in trading. This is the reason why many people prefer to just HODL into the long-term and just shut off the news.
Sounds reasonable enough.
Emotions are the main enemies while trading, I do agree. Self-discipline is essential in such activity.
Than you for making it clear! Investing is stability, while trading is the potential in hand.
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Noob:
• Panics over dips
• Buys high, sells low
• Checks portfolio every time
Pro:
• Sees dips as discounts
• Buys low & hold
• Focuses on long-term gains
Comment yours...
Psychology is what plays and I guess that's the major difference between the two set of traders. A newbie trader when in a trade might get scared if the market goes against him in a short term, that because his own confluence might not be as strong as that of the professional trader, so he rushes and sells off. At this time, even the Professional trader must have seen a resin for the sudden reverse of the market and watching carefully to buy even more at that point. This is why most newbie traders doesn't make it big on the long term. They lack patients and get scared .
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Noob:
• Panics over dips
• Buys high, sells low
• Checks portfolio every time
Pro:
• Sees dips as discounts
• Buys low & hold
• Focuses on long-term gains
Comment yours...
Psychology is what plays and I guess that's the major difference between the two set of traders. A newbie trader when in a trade might get scared if the market goes against him in a short term, that because his own confluence might not be as strong as that of the professional trader, so he rushes and sells off. At this time, even the Professional trader must have seen a resin for the sudden reverse of the market and watching carefully to buy even more at that point. This is why most newbie traders doesn't make it big on the long term. They lack patients and get scared .
Self-discipline is important too, you are right.
You should set up targets for yourself, otherwise, you will end up losing your funds or not getting a profit from them.
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Noob:
• Panics over dips
• Buys high, sells low
• Checks portfolio every time
Pro:
• Sees dips as discounts
• Buys low & hold
• Focuses on long-term gains
Comment yours...
That's more about being a pro investor. We're chill and we buy on discounted days and we don't panic. But at the beginning, we're also noobs and we don't know what to do. With experience and the bad moments that we had with this market, that had made us a better trader and as well as investor. I've also learned to be a long term investor because the return that it gives is much better and I don't have to hassle against the market being a trader.
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Noob:
• Panics over dips
• Buys high, sells low
• Checks portfolio every time
Pro:
• Sees dips as discounts
• Buys low & hold
• Focuses on long-term gains
Comment yours...
Noob and professional traders are clearly different, their way of thinking, their mentality, how to determine positions and so on. But over time, those who are beginners and want to learn seriously will become professional traders who are able to gain profits in crypto trading and can even beat those who have been here for a long time.
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Noob:
• Panics over dips
• Buys high, sells low
• Checks portfolio every time
Pro:
• Sees dips as discounts
• Buys low & hold
• Focuses on long-term gains
Comment yours...
To be successful in crypto trading, one must have a deep knowledge of market movements, because trading is a challenging area where even the biggest professional traders lose their money. So think about how a new trader can profit in that place? Surely a new trader will lose money no matter how much money he trades there.
So a beginner must first gain knowledge about market movements, learn to adopt different strategies and have the right mindset, and continuously improve his skills. In this way, he will surely become a successful trader at some point.
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Noob:
• Panics over dips
• Buys high, sells low
• Checks portfolio every time
Pro:
• Sees dips as discounts
• Buys low & hold
• Focuses on long-term gains
Comment yours...
Your observation by what you have highlighted here are true, we cannot expect the way a newbie will behave while trading in crypto to be the same way a professional crypto trader will do, but this never also justify for the use of any strategy by the pro and still never missed it at some point, trading is unpredictable as we know, by the time you will think of knowing it all, then you begin to discover that maybe you're just starting on it.
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In my opinion, this comparison is not fair, it is like comparing a first-year student to a university student, of course there is no comparison, even professionals were noobs at the beginning and then progressed little by little through gaining experience and knowledge.
It is not a shame to be a noob, but the shame is to remain as you are without taking a step forward and learning something new every time, so losing is not important at the beginning, but what is important is to learn from the loss and make it a lesson for you throughout your life.
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In my opinion, this comparison is not fair, it is like comparing a first-year student to a university student, of course there is no comparison, even professionals were noobs at the beginning and then progressed little by little through gaining experience and knowledge.
It is not a shame to be a noob, but the shame is to remain as you are without taking a step forward and learning something new every time, so losing is not important at the beginning, but what is important is to learn from the loss and make it a lesson for you throughout your life.
Totally right.
It's essential to learn from the mistakes made, especially to learn from the mistakes made by others already.
As I once heard: "It's not a shame not to know something, it's a shame not wanting to know that something".
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If we compare the two, professionals will definitely win because professional traders are experienced in dealing with market situations and have been in the crypto world for a long time and have a lot of knowledge about crypto, unlike beginners who have little knowledge of the market and even about crypto, they don't really understand when to sell and buy.
The striking difference between a pro and a beginner is a natural thing in my opinion, but a diligent beginner will not have to go through the difficult times of being a newbie for long, he will slowly become a professional if he continues to try and learn in trading.
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If we compare the two, professionals will definitely win because professional traders are experienced in dealing with market situations and have been in the crypto world for a long time and have a lot of knowledge about crypto, unlike beginners who have little knowledge of the market and even about crypto, they don't really understand when to sell and buy.
The striking difference between a pro and a beginner is a natural thing in my opinion, but a diligent beginner will not have to go through the difficult times of being a newbie for long, he will slowly become a professional if he continues to try and learn in trading.
Someone who is already a professional will also definitely go through times where they learn and are called beginners, it is impossible for them to immediately become professionals without going through such a process.
Beginners just need to be patient and keep learning to make them even better. Patience is one of the keys that they must have, because if they don't have enough patience then I'm sure they will leave this in a short time because they don't want to go through this difficult process.
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If we compare the two, professionals will definitely win because professional traders are experienced in dealing with market situations and have been in the crypto world for a long time and have a lot of knowledge about crypto, unlike beginners who have little knowledge of the market and even about crypto, they don't really understand when to sell and buy.
Yeah, experience wins the luck, in the sphere where analysis can help you with the odds - definitely.
Two traders can get profit from their positions, but only an experienced one won't use it to push his luck a little bit more, diversifying risks and going forward with a cool head.
That's my view on it.
Well yeah as newbie or noob traders trade with emotions while professionals get the best out of the market and don't trust in luck but lay effective strategy to atleast make gains even in a tight movement of the market because they are skilled and has enough knowledge about what they are doing.
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Pro:
• Buys low & hold
Not necessarily compulsory to hold. A pro can buy low and sell high as well.
• Focuses on long-term gains
Not all pros focus on long term gains and not all that focus on long term gain are pros. A pro day trader can buy now and sell in few minutes time and be in massive profits.
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Noob or newbies basically means they are new, prone to make mistakes which might end up in high loss.
Experienced trader is supposed to do the right things when situation demands but they also can make mistakes because the market is highly volatile so it's close to impossible being 100% successful with our trades but we can work on minimising the loss that can save us in the long run.
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Noob:
• Panics over dips
• Buys high, sells low
• Checks portfolio every time
Pro:
• Sees dips as discounts
• Buys low & hold
• Focuses on long-term gains
Comment yours...
Checking a portfolio is good because keeping track of what you get what you make what you lose is necessary but checking a portfolio again and again it will make you obsessed with money and you will not take action Sometimes taking action is necessary for high profits but when you will have an obsession with your capital you won't take the risk.
Buying high and selling low is not done only by noobs but pros can also buy high and they have to sell low. The best way to make money is investing for a long period of time.