Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: bayu7adi on September 30, 2024, 01:28:00 AM
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Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...
So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
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So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
The solution to trading is that people should prefer long term trading like swing trading. If you are a day trader and notice that you are not making money, it is because day traders do lose money. But generally I prefer holding. Holders are the ones making money, but that is if you know the right time to hold.
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So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
The solution to trading is that people should prefer long term trading like swing trading. If you are a day trader and notice that you are not making money, it is because day traders do lose money. But generally I prefer holding. Holders are the ones making money, but that is if you know the right time to hold.
..Or you just invest in BTC and don't have a single nerve spent on your investment ;D
Overall, day-trading => potential + risks, investing => stability + time needed for boons from it to come.
Newbies are usually not so patient to be able to trade daily, so there is that.
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Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...
So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
As matter of fact, there are persons who very good on trading cryptocurrency, FX and other markets, and they are dedicated in analyzing the market trends and price movements. In other words, trading crypto is not difficult, it all depends on level of training and experiences on the market.
In my opinion, the most difficult part of trading cryptocurrency is how to detect(timing )when the market will dump very hard.
Many occasions the crypto will suddenly dump, unfortunately nobody has been able to predict the exact time of these dump happening. I have been reading on social networks why crypto market dump but nobody has been able to inform the community the actual timing of these dumps.
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in trading there is no word difficult only those who think it is difficult, for all traders their initial capital is money, theory and practice. if all of that is in his grasp then trading will be easy and not difficult only those who make it difficult, in the sense that if we already have knowledge in trading such as information or news circulating about crypto and theory in understanding the market then when you trade it will be easy.. if we do not have the initial capital as I mentioned then it will be difficult for you to trade..
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Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...
So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
For me, the hardest part of the market isn't learning technical analysis or making market predictions. The most challenging aspect is adhering to risk management rules. Emotional weakness often causes investors to overlook crucial rules, which typically leads to losses.
I believe there's no foolproof trading method. Sometimes, traders make mistakes by striving for perfection and refusing to accept small market losses. When a trader can understand that the market is unpredictable and losses are an inherent part of it, he is well on his way to becoming a professional trader.
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in trading there is no word difficult only those who think it is difficult, for all traders their initial capital is money, theory and practice. if all of that is in his grasp then trading will be easy and not difficult only those who make it difficult, in the sense that if we already have knowledge in trading such as information or news circulating about crypto and theory in understanding the market then when you trade it will be easy.. if we do not have the initial capital as I mentioned then it will be difficult for you to trade..
Sir, it's not as easy as you think... money, theory and practice are widely applied by many people, and it still results in failure for most people... I agree more with MrSpasybo's quote above this post... who doesn't take trading activities so easily...
Experience and financial management skills also play an important role as a reference for success in trading... and all of that ends with luck, whether he is lucky or unlucky which will affect the results.
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So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
It is really clear that the most difficult thing is taking profits. :D
To take profits, people learn trading knowledge, have mentors, get experience, and many other things. These are necessary to do in trading because these will increase the chance of getting profits. There is no best solution, we must do all of them.
in trading there is no word difficult only those who think it is difficult, for all traders their initial capital is money, theory and practice.
The difficulty is real but we can deal with the difficulty. There are some matters that have big roles in trading, I have mentioned above. Just do all them, then we can deal with the difficulty in trading.
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in trading there is no word difficult only those who think it is difficult, for all traders their initial capital is money, theory and practice. if all of that is in his grasp then trading will be easy and not difficult only those who make it difficult, in the sense that if we already have knowledge in trading such as information or news circulating about crypto and theory in understanding the market then when you trade it will be easy.. if we do not have the initial capital as I mentioned then it will be difficult for you to trade..
Sir, it's not as easy as you think... money, theory and practice are widely applied by many people, and it still results in failure for most people... I agree more with MrSpasybo's quote above this post... who doesn't take trading activities so easily...
Experience and financial management skills also play an important role as a reference for success in trading... and all of that ends with luck, whether he is lucky or unlucky which will affect the results.
Trading is indeed difficult, not as easy as the theory because I have learned trading for more than 7 years but I am not an expert there, sometimes I also experience defeat and I learn to take risks so that my profits are greater than my losses. Trading requires experience, expertise and we must always practice. Many try to learn trading and I am also a person who always focuses on learning so that I can become a professional trader.
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Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...
So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
If we are trading, then the problem must be in us. We must seek for the problem in ourselves instead of blaming others because we are the risk takers and we should take all the blame and credit out our own trades. The first step in trading is to get knowledge and practice techniques that we learn daily on any account like demo accounts.
This way we can build confidence in ourselves, and even demo trading doesn't ensure full success, so we should not rely on that confidence only because we can still lose in trading while we are making profits on demo trading. Finding the right path and the right mentor is very difficult.
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Finding the right path and the right mentor is very difficult.
That's right, even people who open workshops just to teach about trading, they will only provide basic knowledge, without providing anything secret or valuable behind their kitchen to get money... sincere teachers tend to only take students based on the close relationships they have, so looking for a trading teacher or mentor who really intends to help us learn the key knowledge in trading, that's nonsense...
Many traders have to start with self-taught methods, and end up with regret, because they may fail to find an effective way like professional traders do.
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Finding the right path and the right mentor is very difficult.
That's right, even people who open workshops just to teach about trading, they will only provide basic knowledge, without providing anything secret or valuable behind their kitchen to get money... sincere teachers tend to only take students based on the close relationships they have, so looking for a trading teacher or mentor who really intends to help us learn the key knowledge in trading, that's nonsense...
Many traders have to start with self-taught methods, and end up with regret, because they may fail to find an effective way like professional traders do.
You won't be able to find this effective method without practice, a real one, not a demo-trading session or something like that.
Of course, it will be hard, and funds will be spilled, but if you are determined, you will make it through and close the gap.
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Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...
So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
It is true that it is not easy to make a profit in crypto trading; those are the facts. Especially if you are a newbie in this industry field. No newbie entering the crypto industry will say that it is easy to make money in the crypto space. Because if someone says that trading is easy to learn, you can tell that they are lying.
Because there is nothing like that, in a short time he immediately understood the concept and context of trading. Because the most difficult thing to do in trading is to study the correct technical or fundamental analysis, and for them to understand this, they must have an understanding of the indicators that are used in trading options.
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Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...
So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
Of course, market is very volatile, so very hard to predict. And even if we really know how to do TA or even if we are using bots, we might see days that we are going to lose in the end.
I guess the solution is to really just take the profits that you have and not to look for more. Because as I have said, there could be mad swings that instead of a small profit, you are going to lose big.
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Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...
So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
Of course, market is very volatile, so very hard to predict. And even if we really know how to do TA or even if we are using bots, we might see days that we are going to lose in the end.
I guess the solution is to really just take the profits that you have and not to look for more. Because as I have said, there could be mad swings that instead of a small profit, you are going to lose big.
Yep, temptations shouldn't be higher than the profit at hand.
Self-discipline is needed for them not to take you over, as well as goals in mind. That way, you will secure your positions on the market.
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That's right, even people who open workshops just to teach about trading, they will only provide basic knowledge, without providing anything secret or valuable behind their kitchen to get money... sincere teachers tend to only take students based on the close relationships they have, so looking for a trading teacher or mentor who really intends to help us learn the key knowledge in trading, that's nonsense...
Many traders have to start with self-taught methods, and end up with regret, because they may fail to find an effective way like professional traders do.
I did not take paid courses till now so I don't know if they are really that useless but I think their is no secret ingredient in trading but if the mentor is educated enough you will be getting free advice from them if you will follow them on social media. Sometimes they give away free premium knowledge like the secrets and tips you are referring to.
Self taught methods teach more to us we can learn more and understand the crypto market more if we are in it and facing the real pressure. Trading is not hard but with the right tools and right knowledge, it becomes hard. Once we find the tools and knowledge even the mentor for knowledge it won't be hard.
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Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...
So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
Pretty much sure we would really be having on the same thing about on whats the most hardest thing that we could be able to encounter when dealing up with trading on which of course it will
really be pertaining about on where prices would be going and this is something the main thing that traders do really struggle on. We dont know on where prices would be going
and if it was predictable in the first place, then we wont really be seeing people will really be dealing up with trading or simply everyone is alredy that rich.
This is why on the moment that you do deal up with trading on which of course this do shows that on how hard on predicting movement of prices on next seconds,minute or hours and so on.
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The hardest thing is accepting a loss. To start, I recommend deciding on the amount of money you're willing to lose painlessly on a single trade. That will be your stop-loss! Psychologically, it will make trading much easier for you.
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Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...
So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
Personally I think the most difficult thing in trading is to control your emotions because this is very complicated and because of not being able to control these emotions, many times we take wrong trades. The main thing is that when we trade depending on emotions, there will be more chances of making mistakes. Many times we can't control ourselves by seeing the hype, we invest or when we see a little dump in the market, when we need to hold, we sell at a loss because of panic.
And this matter in many cases we see between small, big, professional and non-professional all types of traders, some have more and some have less. And so I think this is the most difficult thing in the field of trading.
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I think these are the hardest things in trading;
- Knowing how to trade
- Knowing when to trade
- Knowing when not to trade
I have known people who loss many times because they don't know how to trade. Some over trade and make losses. Some overwhelmed by emotions trade under its influence.
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Personally I think the most difficult thing in trading is to control your emotions because this is very complicated and because of not being able to control these emotions, many times we take wrong trades. The main thing is that when we trade depending on emotions, there will be more chances of making mistakes. Many times we can't control ourselves by seeing the hype, we invest or when we see a little dump in the market, when we need to hold, we sell at a loss because of panic.
And this matter in many cases we see between small, big, professional and non-professional all types of traders, some have more and some have less. And so I think this is the most difficult thing in the field of trading.
In my personal opinion, this emotional problem occurs more often for novice traders or investors, because they are not used to it and do not have a lot of flying hours... a trader who already understands the concept of trading and how the market works, they tend not to be influenced by emotions anymore... yes, the decisions of a professional trader look more rational and mature...
And what I personally feel is, switching from being a daily trader, and changing to a long-term investor... emotions also have no effect on my decisions. That is why I think it is not emotions that are the most difficult thing to fear.
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I think these are the hardest things in trading;
- Knowing how to trade
- Knowing when to trade
- Knowing when not to trade
I have known people who loss many times because they don't know how to trade. Some over trade and make losses. Some overwhelmed by emotions trade under its influence.
It's also important to know to which goal to trade. Otherwise, you will reach your goal when you know when to trade, but you won't be able to realize the profits at hand.
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I think these are the hardest things in trading;
- Knowing how to trade
- Knowing when to trade
- Knowing when not to trade
I have known people who loss many times because they don't know how to trade. Some over trade and make losses. Some overwhelmed by emotions trade under its influence.
I believe in what you said, because it's not really easy to understand trading; it's easy to learn, yes, but the implementation of what we learn here in crypto is trading has results in what we learn if we really learn.
We may already know the basics of trading, even the functions of trading strategies, but everything changes when the self-analysis is what we do, specifically in the actual trade, any exchange, whether it's a CEX or DEX platform.
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I think these are the hardest things in trading;
- Knowing how to trade
- Knowing when to trade
- Knowing when not to trade
I have known people who loss many times because they don't know how to trade. Some over trade and make losses. Some overwhelmed by emotions trade under its influence.
I believe in what you said, because it's not really easy to understand trading; it's easy to learn, yes, but the implementation of what we learn here in crypto is trading has results in what we learn if we really learn.
We may already know the basics of trading, even the functions of trading strategies, but everything changes when the self-analysis is what we do, specifically in the actual trade, any exchange, whether it's a CEX or DEX platform.
It all also changes when we go from theory to practice ;D
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Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...
So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
Alright let me bring something different from the replies you already have
Although it may not be the most difficult thing but it's very essential and that is fear
You see as a trader you have to shunt fear if you want to succeed when you enter a trade and the trade seems to be going the other direction have confidence in your analysis and observe
Sometimes because you are afraid you end up leaving a trade in loss and the boom
It starts going to the direction you initially predicted it to go to
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There are a lot of things that are difficult in trading and can some challenges to traders who aren't well equipped and knowledgeable enough, the first one is not having a target, this can actually be a problem to a trader because you can't just dive into the market to get whatever it gives you. Have a specific target and always take profit when it gets to that point, don't try to overdo your limit or get too greedy. Another difficult thing to do is having a strategy and sticking to it, you must always learn to stick to your trading plans instead of letting the ideas of other people put you in a different direction.
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There are a lot of things that are difficult in trading and can some challenges to traders who aren't well equipped and knowledgeable enough, the first one is not having a target, this can actually be a problem to a trader because you can't just dive into the market to get whatever it gives you. Have a specific target and always take profit when it gets to that point, don't try to overdo your limit or get too greedy. Another difficult thing to do is having a strategy and sticking to it, you must always learn to stick to your trading plans instead of letting the ideas of other people put you in a different direction.
I agree with you we must have a target and always stick to the plan we make because in trading we must not be greedy and must always focus and be in accordance with the target we plan. There is a lot of knowledge and experience that we must have if we want to be a successful trader.
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In my personal opinion, this emotional problem occurs more often for novice traders or investors, because they are not used to it and do not have a lot of flying hours... a trader who already understands the concept of trading and how the market works, they tend not to be influenced by emotions anymore... yes, the decisions of a professional trader look more rational and mature...
And what I personally feel is, switching from being a daily trader, and changing to a long-term investor... emotions also have no effect on my decisions. That is why I think it is not emotions that are the most difficult thing to fear.
I will not disagree with you because it is true that novice traders or investors face this issue more. Because when I first came to the market I had the same fear especially with Bitcoin that the price is going down and it seems that the price will not go up and I didn't invest thinking that and now I see that the price of Bitcoin is four times more than that. To say that if I had not given priority to my emotions and looked at the previous prices, how the market works and when the market pumps and when the market dumps, then maybe I would have four times the profit today.
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I think these are the hardest things in trading;
- Knowing how to trade
- Knowing when to trade
- Knowing when not to trade
I have known people who loss many times because they don't know how to trade. Some over trade and make losses. Some overwhelmed by emotions trade under its influence.
It's also important to know to which goal to trade. Otherwise, you will reach your goal when you know when to trade, but you won't be able to realize the profits at hand.
That's the over trading I'm refering to. While some traders set goal but don't respect their goals. Some don't have goals at all. They just trade and lose as much as they'll lose or profit as much as they can. In the end, they will not keep track of their wins or losses.
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Honestly, I think everything about trading is challenging, but we just have to make firm decisions. Making firm decisions is one of the effective solutions to trading. For example, setting stop-loss and take-profit orders. It's crucial to remember that stop-loss is just as important as take-profit and by being able to take more profit than loss, we will surely lead to successful trading.
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Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...
So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
In my personal point of view what I think about the hardest think in trading is fear and greed. I believe that a trader's profit and loss matter on these two factors. Moreover, you already know that there is fear and greed index which indicates the current situation of the cryptomarket. The matter may seem simple but actually it is very difficult because of our human being. However, I think these are the two most difficult things to trade, and I also think it's important to learn how to control your greed in addition to learning analysis in trading.
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So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
Obviously the analysis because more often the analysis we made doesn't replicate in the real world due to lot of factors involving in the price influence so traders has to be prepared for unannounced market trend all the time and this can be a really stressful thing when we really put our money on it cause we are expected to make money in return but it's difficult to stay consistent with profit making via trading based on the statistics.
So the right choice should be trading with a part of our crypto portfolio not with the entire thing, I would say not more than 30% at most.
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So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
Obviously the analysis because more often the analysis we made doesn't replicate in the real world due to lot of factors involving in the price influence so traders has to be prepared for unannounced market trend all the time and this can be a really stressful thing when we really put our money on it cause we are expected to make money in return but it's difficult to stay consistent with profit making via trading based on the statistics.
So the right choice should be trading with a part of our crypto portfolio not with the entire thing, I would say not more than 30% at most.
Knowing the right time to enter thd market is a big challenge to traders both new and old. This is because no one can know the next market movement. You can sell and run at loss when tou think that you will make profit or sometimes due to fear. This is why if you must trade buy during the bearish period and sell in bullish time.
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Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...
But if someone did not trade to make profit, then why are you trading in the first place? Because to me, anything crypto trading is all because of the profit that you will get and nothing more than that. However, you did not only lose because you made a wrong decision. Losing in trading is something that happens to both professionals and also newbie traders.
There are some losses that you can’t avoid sometimes, and that is how trading works. For you to make money out of it, you need to take the risk, and the risk is all about making money, and at the same time you lose. But when you are losing too much and you are getting profit, then you should know that there is a problem somewhere that needs to be fixed.
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Knowing the right time to enter thd market is a big challenge to traders both new and old. This is because no one can know the next market movement. You can sell and run at loss when tou think that you will make profit or sometimes due to fear. This is why if you must trade buy during the bearish period and sell in bullish time.
In fact, this depends entirely on the psychology of the trader because trading is a completely psychological game where you have to understand the psychology of the market by analyzing it through technical analysis and fundamental analysis and accordingly you have to take a buy using your own psychology and sell at the right time to order.
The fact that this is very difficult can only be understood by listening to the words of the world's greatest traders because they mean it as difficult and they themselves sometimes lose because of mistakes in this psychological game, but there is only one difference between them and non-professionals, and that is that non-professional traders do not know. Why their losses are on the other hand professional traders later realize why they have faced losses.
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But if someone did not trade to make profit, then why are you trading in the first place? Because to me, anything crypto trading is all because of the profit that you will get and nothing more than that. However, you did not only lose because you made a wrong decision. Losing in trading is something that happens to both professionals and also newbie traders.
There are some losses that you can’t avoid sometimes, and that is how trading works. For you to make money out of it, you need to take the risk, and the risk is all about making money, and at the same time you lose. But when you are losing too much and you are getting profit, then you should know that there is a problem somewhere that needs to be fixed.
Undoubtedly losses are sometimes inevitable, no matter how good a system or good analysis we have, sometimes we fail, it is a fact, I personally have always said that when we trade we must have an open mind for what is to come, although we are ready to win, we must primarily be ready to lose, that is why in trading applies what is: "Put in the money that you are willing to lose", in case you lose you must assume the loss, in case you do not lose you must take advantage of the profits, that is how that works, what is true is that we must try to keep the positive balance greater than the negative.
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Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...
So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
I think experience is needed to make profit from trading. If one prepares to trade without experience in new situations one can face many problems and put his money at risk. It can be good to start trading with small amount of money for those who want to learn trading in new situation. Some time many experienced people face huge losses from trading so I think there can be both profit and loss while trading. So we You have to accept them and start trading so that if you face a big loss, you can keep control and recover the lost money very easily.
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What i see that is hard in trading is what we don't know about trading, anything hidden to us is like a threat as well because we are not aware of it, we don't know how to make use of it or avoid it influence, this is just like an unknown enemy in life, trading is good and very simple to do, but when we are lacking behind in some aspect of doing it, then it becomes a tedious task for us to be able to achieve having the best performance from it.
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I am also agree with your comment. I also believe that trading is one of the best profitable site in cryptocurrency market. But we also know that trading is also very difficult for new person. Because they Couldn't understand why they they trade for best profit. Because we know that if we couldn’t understand in cryptocurrency market and trading market, we couldn’t earn best profit from crypto currency market. So i believe that skills is the best important issue in cryptocurrency market. So we should must understanding in this market for easy trading.
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I think experience is needed to make profit from trading. If one prepares to trade without experience in new situations one can face many problems and put his money at risk. It can be good to start trading with small amount of money for those who want to learn trading in new situation.
actually there are platforms or software out there that allows you to practice with basically fake money you can just observe how the market moves and you can practice with different tools for analyzing this way you do not lose money just yet when you practice and see how it goes see your strengths and weaknesses and learn to improve them
Some time many experienced people face huge losses from trading so I think there can be both profit and loss while trading. So we You have to accept them and start trading so that if you face a big loss, you can keep control and recover the lost money very easily.
losses are part of the risks in trading you can not eliminate them altogether but you can at least minimize the risks and maximize the profits of trading
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So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
For beginners, the fact that you're starting makes it very difficult for them. I mean we know that as a newbie, we will make mistakes, we will face failures, and those 2 will lead to losses in your capital. Learning trading as a newbie is very difficult especially if nobody is guiding you. For me, that's the difficult part of trading for traders. The starting part.
As for professional traders, I guess maintaining them to stay in profit is what makes it difficult for them. I mean yes, they're professionals, but that doesn't mean that they will not make losses along the way. They will and will make losses and the only thing that they can do is to mitigate it. What they can do is to maintain their record to a point where their profit is way more than their losses.
Solution? For beginners, I guess continue learning would be the solution and for the professional, I don't know. :D
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For beginners, the fact that you're starting makes it very difficult for them. I mean we know that as a newbie, we will make mistakes, we will face failures, and those 2 will lead to losses in your capital. Learning trading as a newbie is very difficult especially if nobody is guiding you. For me, that's the difficult part of trading for traders. The starting part.
As for professional traders, I guess maintaining them to stay in profit is what makes it difficult for them. I mean yes, they're professionals, but that doesn't mean that they will not make losses along the way. They will and will make losses and the only thing that they can do is to mitigate it. What they can do is to maintain their record to a point where their profit is way more than their losses.
Solution? For beginners, I guess continue learning would be the solution and for the professional, I don't know. :D
Very good response, I even realized it after you wrote this... however, seeing a beginner having to struggle at the beginning with extra hard work, is that an obstacle for beginners not to do something reckless? Even though we don't know, reckless actions sometimes also become something that provides valuable lessons... while a beginner also doesn't know the limits of reckless actions in learning trading to what extent...
It is true, that in trading there may be many losses that we will get as beginners... and from those losses we should be able to learn to improve our trading strategies, right? So shouldn't we consider failure and sacrifice at the beginning as something normal?
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What i see that is hard in trading is what we don't know about trading, anything hidden to us is like a threat as well because we are not aware of it, we don't know how to make use of it or avoid it influence, this is just like an unknown enemy in life, trading is good and very simple to do, but when we are lacking behind in some aspect of doing it, then it becomes a tedious task for us to be able to achieve having the best performance from it.
Yeah, there are many things that you won't know in the first place while trading for the first time and even times, of course - you should learn many of them by yourself when you encounter something like that, or ask someone experienced enough to understand them in easy words.
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The most important thing in trading is to keep your mind still. and controlling emotions. and making timely decisions. If you can control them then you can be successful in trading. And if these are not in you then it is not possible to be successful in trading. Speaking from my point of view. You must control greed. And if you can't control the greed then you can be in danger.
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Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...
So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
I probably can't be called a complete trader yet. because I trade only when I have free time after work. And I'm also still quite a beginner because I'm still in the learning stage. But there is one problem that I am aware of which makes it difficult for us to get profits and sometimes lose the profits that we initially got. that is, sometimes we do not adhere to our own plans. Like I once made a plan to take profit after I made a profit of a few percent. but when the target was met, I didn't take profits and waited for more profits to come. And in the end the price actually fell even more and prevented me from getting maximum profit. So I think discipline is the main factor that a trader must have if he wants to become a successful trader. Because this lack of discipline can cause traders to experience losses. Even when he is already good at analyzing.
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Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...
So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
The hardest thing imo is securing your capital. Once you can do that, then you'll be making profits.
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The hardest thing imo is securing your capital. Once you can do that, then you'll be making profits.
Storing your capital in a safe wallet is also considered securing, right? And it will not generate significant profits except from the gains obtained due to deflation over time... in other words, it is a hodling activity...
If it is just to continue to run with continuous profits, I think it is very unlikely, because until now I am sure that 95%+ investors have experienced losses before, yes, maybe because losing a little capital is also part of their strategy, maybe to do market testing or take samples... so losses are not always a nightmare.
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The hardest thing imo is securing your capital. Once you can do that, then you'll be making profits.
Storing your capital in a safe wallet is also considered securing, right? And it will not generate significant profits except from the gains obtained due to deflation over time... in other words, it is a hodling activity...
If it is just to continue to run with continuous profits, I think it is very unlikely, because until now I am sure that 95%+ investors have experienced losses before, yes, maybe because losing a little capital is also part of their strategy, maybe to do market testing or take samples... so losses are not always a nightmare.
Indeed, keeping capital in a safe wallet helps to protect it from market volatility and remain with good profitability especially for the short term periods, but if you have to achieve better assets growth you can try to diversify your assets. However, dividing all the capital into just one wallet is not efficient; it is better to invest some part of the capital in other instruments, for instance staking, or yield farming. As a result, we do not only take into consideration the prospect of a rise in the prices of the materials but also get ass passive income which will help add to the portfolio from time to time.
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Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...
So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
The most hardest thing in trading is patient, there are lot of people who don't have patient while studying materials that could lead and make them a successful trader, but then may would just read little and jump into trading with the intention that they have knew it all to trade and to become successful while trading. Trading as it's implies doesn't mean immediately you joined you began to make double of what you used to trade, it's also important to check out the necessary materials to make you trade successful and the kind of coin to trade otherwise lost inevitably to come.
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Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...
So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
The most hardest thing in trading is patient, there are lot of people who don't have patient while studying materials that could lead and make them a successful trader, but then may would just read little and jump into trading with the intention that they have knew it all to trade and to become successful while trading. Trading as it's implies doesn't mean immediately you joined you began to make double of what you used to trade, it's also important to check out the necessary materials to make you trade successful and the kind of coin to trade otherwise lost inevitably to come.
Patience indeed on which i could really say that it would really be that hard to sustain something specially on the moment that your mind is really that been thinking about on how to make
profits in a short period of time. We do know that this market wont really be moving on fast pace volatility where there are moments or time that you will really be that
impatient because it isnt really that moving on what you do want it to be. This is why you would really be making up some rush decisions which it will really be leading up to losing trades.
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The most hardest thing in trading is patient, there are lot of people who don't have patient while studying materials that could lead and make them a successful trader, but then may would just read little and jump into trading with the intention that they have knew it all to trade and to become successful while trading. Trading as it's implies doesn't mean immediately you joined you began to make double of what you used to trade, it's also important to check out the necessary materials to make you trade successful and the kind of coin to trade otherwise lost inevitably to come.
I completely agree. Patience is very important for traders. Many of us start trading without fully understanding markets and risks. This can lead us to expensive mistakes and disappointment. To be successful trader we need to give time to learn and research. This means we should learn trading strategies and understanding market trends and managing risks. On thing which I thnk is most important that is choosing right assets to trade and staying informed about market. Successful traders are patient and disciplined. By developing these qualities and continuing to learn so traders can increase their chances of achieving long term success.
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Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...
So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
The most hardest thing in trading is patient, there are lot of people who don't have patient while studying materials that could lead and make them a successful trader, but then may would just read little and jump into trading with the intention that they have knew it all to trade and to become successful while trading. Trading as it's implies doesn't mean immediately you joined you began to make double of what you used to trade, it's also important to check out the necessary materials to make you trade successful and the kind of coin to trade otherwise lost inevitably to come.
Patience indeed on which i could really say that it would really be that hard to sustain something specially on the moment that your mind is really that been thinking about on how to make
profits in a short period of time. We do know that this market wont really be moving on fast pace volatility where there are moments or time that you will really be that
impatient because it isnt really that moving on what you do want it to be. This is why you would really be making up some rush decisions which it will really be leading up to losing trades.
Patient is something most people don't have because they are always in a rush to become successful in trading without knowing that knowledge also plays a crucial role in them like, to build them, grooming them in a right way to successful trading, and there are some trade they would also enter with patients they can know how to manage their funds not to be in rush to end trade or enter trade without carefully study the market movements.
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Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...
So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
The hardest thing imo is securing your capital. Once you can do that, then you'll be making profits.
Securing or having a capital? Obviously if you are going to trade then you have to start something, maybe $100 or more to begin with. However, there are things that beyond our control and so you might lose that initial capital, so you have to reinvest again. The good thing is that you can learn from your past mistakes. And so with that second capital, who knows maybe that is the time that you will make profits because you identify things that went wrong and so you have unlock and have more experience already. It might take sometime though to make the biggest ROI that you are dreaming of. The longer you stay and keep being positive, the better for you to become a successful trader.
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Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...
So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
The most hardest thing in trading is patient, there are lot of people who don't have patient while studying materials that could lead and make them a successful trader, but then may would just read little and jump into trading with the intention that they have knew it all to trade and to become successful while trading. Trading as it's implies doesn't mean immediately you joined you began to make double of what you used to trade, it's also important to check out the necessary materials to make you trade successful and the kind of coin to trade otherwise lost inevitably to come.
Patience indeed on which i could really say that it would really be that hard to sustain something specially on the moment that your mind is really that been thinking about on how to make
profits in a short period of time. We do know that this market wont really be moving on fast pace volatility where there are moments or time that you will really be that
impatient because it isnt really that moving on what you do want it to be. This is why you would really be making up some rush decisions which it will really be leading up to losing trades.
Patient is something most people don't have because they are always in a rush to become successful in trading without knowing that knowledge also plays a crucial role in them like, to build them, grooming them in a right way to successful trading, and there are some trade they would also enter with patients they can know how to manage their funds not to be in rush to end trade or enter trade without carefully study the market movements.
Agreed, That is why patience is one of the aspects that are rarely given due attention by the traders most of whom are over eager to make a killing within a short span. However, it is worthy to know that apart from being patient one does require some knowledge when it comes to trading. The analysis of markets, knowledge of risks, and the constant improvement of market analysis skills combined with experience from every transaction are steps that cannot be disconnected from each other for long term success. Aptitudes also mean patient traders will be able to avoid reckless decisions and instead sharpen their focus on better capital allocation. The qualified and prudent will invest at proper time and time when exiting the market in accordance with mature analysis so that chances of loss are eliminated and chances of making more money arises.
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Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...
So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
The most hardest thing in trading is patient, there are lot of people who don't have patient while studying materials that could lead and make them a successful trader, but then may would just read little and jump into trading with the intention that they have knew it all to trade and to become successful while trading. Trading as it's implies doesn't mean immediately you joined you began to make double of what you used to trade, it's also important to check out the necessary materials to make you trade successful and the kind of coin to trade otherwise lost inevitably to come.
Trading requires patience. If we start trading with the thought that we will always gain, we will never get anything good. So we should start trading by thinking well while trading. Sometimes we lose money due to our own mistakes. But it is. You have to accept that while trading, sometimes there will be profit and sometimes there will be loss. Only those who can accept profit and loss and trade can be successful in trading. Sometimes we put our money at risk due to excessive greed. We should start trading with good experience about trading.
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You won't be able to find this effective method without practice, a real one, not a demo-trading session or something like that.
Of course, it will be hard, and funds will be spilled, but if you are determined, you will make it through and close the gap.
Demo trading is not real and it definitely not give us the real experience of real trading. We must start with small funds in start if we are new and practice our strategies and enhance them by learning and practicing more and don't increase the investment until you are good enough.
At start trading can be very hard if done without any mentor and learning therefore don't start without them. Trading is easy if done by proper channel without it we will regret why we even started it in the first place.
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Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...
So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
I still consider myself a noob trader because I follow others and have almost some technical analysis knowledge, but I have learned a lot about fundamental analysis and how to act upon it. So I think the difficult thing is to find the right course that won't waste our time because there are some courses that I took early and I followed the wrong person the whole time and thought the market was so unpredictable while it was not only that person I was following not sharing some cool stuff.
So the solution was to ask experts in my contacts where did they learned trading from, so I asked around 3 to 5 experts, and their sources were so good, but still, I am taking time and learning because I practice less and theoretically learn more. After learning, there left action only means we must have the courage to take risks, and must have enough confidence in our trades to make a profit. We should not regret but thrive more while making even losses in trades.
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Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...
So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
The most hardest thing in trading is patient, there are lot of people who don't have patient while studying materials that could lead and make them a successful trader, but then may would just read little and jump into trading with the intention that they have knew it all to trade and to become successful while trading. Trading as it's implies doesn't mean immediately you joined you began to make double of what you used to trade, it's also important to check out the necessary materials to make you trade successful and the kind of coin to trade otherwise lost inevitably to come.
Trading requires patience. If we start trading with the thought that we will always gain, we will never get anything good. So we should start trading by thinking well while trading. Sometimes we lose money due to our own mistakes. But it is. You have to accept that while trading, sometimes there will be profit and sometimes there will be loss. Only those who can accept profit and loss and trade can be successful in trading. Sometimes we put our money at risk due to excessive greed. We should start trading with good experience about trading.
the illusion of becoming quickly wealthy while trading is one of the major thing that has ridicule trader's life to an extent they don't wanna believe that trading is a gradual process and it takes time for someone to become professional to start making profits, even the professional at times makes serious lost while trading nd they also cries loud while some of them keeps it silent within themselves.
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Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...
So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
The most hardest thing in trading is patient, there are lot of people who don't have patient while studying materials that could lead and make them a successful trader, but then may would just read little and jump into trading with the intention that they have knew it all to trade and to become successful while trading. Trading as it's implies doesn't mean immediately you joined you began to make double of what you used to trade, it's also important to check out the necessary materials to make you trade successful and the kind of coin to trade otherwise lost inevitably to come.
Trading requires patience. If we start trading with the thought that we will always gain, we will never get anything good. So we should start trading by thinking well while trading. Sometimes we lose money due to our own mistakes. But it is. You have to accept that while trading, sometimes there will be profit and sometimes there will be loss. Only those who can accept profit and loss and trade can be successful in trading. Sometimes we put our money at risk due to excessive greed. We should start trading with good experience about trading.
the illusion of becoming quickly wealthy while trading is one of the major thing that has ridicule trader's life to an extent they don't wanna believe that trading is a gradual process and it takes time for someone to become professional to start making profits, even the professional at times makes serious lost while trading nd they also cries loud while some of them keeps it silent within themselves.
There is nothing wrong if someone starts trading to get rich very quickly, but what is wrong is when he gets too greedy. Many have lost all their money to get too greedy. We have to remember that nothing extra is better than trading. Just as there is profit, there is also loss. But those who are experienced in trading will never be greedy from trading, they will risk their money for greed. We should control greed and trade. I have seen my friend from trading. Earned a good amount of money in the first phase but from the time he started greedy he was at risk.
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the illusion of becoming quickly wealthy while trading is one of the major thing that has ridicule trader's life to an extent they don't wanna believe that trading is a gradual process and it takes time for someone to become professional to start making profits, even the professional at times makes serious lost while trading nd they also cries loud while some of them keeps it silent within themselves.
I do agree. It's better to be silent and determined than to be loud and arrogant about it.
Because in the end, the results speak for themselves. And only the determined and motivated people would get to the highs and trade well.
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The hardest thing imo is securing your capital. Once you can do that, then you'll be making profits.
Do you mean by securing capital to ensure that we don't experience losses that reduce our capital? And of course that's true. Because when we succeed in keeping our capital intact in trading, it automatically means we have succeeded in avoiding losses. But it seems like you mean more than that. Or maybe I misunderstood what you said.
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the illusion of becoming quickly wealthy while trading is one of the major thing that has ridicule trader's life to an extent they don't wanna believe that trading is a gradual process and it takes time for someone to become professional to start making profits, even the professional at times makes serious lost while trading nd they also cries loud while some of them keeps it silent within themselves.
easy to do, but hard to get the right timing... trading is really about timing and moment, and most new people don't know this... what they do is buy when the price goes down and sell when it goes up, even though the price going down is not necessarily the best buying point.
a professional who still often loses in trading is also a reflection of himself still not perfect in determining the timing to make decisions... and that is still reasonable, because the market is really not controlled by just one person, but there are also other whales who control the direction of the market...
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the illusion of becoming quickly wealthy while trading is one of the major thing that has ridicule trader's life to an extent they don't wanna believe that trading is a gradual process and it takes time for someone to become professional to start making profits, even the professional at times makes serious lost while trading nd they also cries loud while some of them keeps it silent within themselves.
easy to do, but hard to get the right timing... trading is really about timing and moment, and most new people don't know this... what they do is buy when the price goes down and sell when it goes up, even though the price going down is not necessarily the best buying point.
a professional who still often loses in trading is also a reflection of himself still not perfect in determining the timing to make decisions... and that is still reasonable, because the market is really not controlled by just one person, but there are also other whales who control the direction of the market...
I am not a professional trader, just a person who spends free time trading, so I do not use timing but see market movements if I feel the market is good for trading, I will trade. but if using timing we must always monitor the market, and I do not have time to do that.
Maybe for those who have a lot of time can do that,
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the illusion of becoming quickly wealthy while trading is one of the major thing that has ridicule trader's life to an extent they don't wanna believe that trading is a gradual process and it takes time for someone to become professional to start making profits, even the professional at times makes serious lost while trading nd they also cries loud while some of them keeps it silent within themselves.
easy to do, but hard to get the right timing... trading is really about timing and moment, and most new people don't know this... what they do is buy when the price goes down and sell when it goes up, even though the price going down is not necessarily the best buying point.
a professional who still often loses in trading is also a reflection of himself still not perfect in determining the timing to make decisions... and that is still reasonable, because the market is really not controlled by just one person, but there are also other whales who control the direction of the market...
I am not a professional trader, just a person who spends free time trading, so I do not use timing but see market movements if I feel the market is good for trading, I will trade. but if using timing we must always monitor the market, and I do not have time to do that.
Maybe for those who have a lot of time can do that,
You should do investments then, not trade, in my opinion.
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the illusion of becoming quickly wealthy while trading is one of the major thing that has ridicule trader's life to an extent they don't wanna believe that trading is a gradual process and it takes time for someone to become professional to start making profits, even the professional at times makes serious lost while trading nd they also cries loud while some of them keeps it silent within themselves.
easy to do, but hard to get the right timing... trading is really about timing and moment, and most new people don't know this... what they do is buy when the price goes down and sell when it goes up, even though the price going down is not necessarily the best buying point.
a professional who still often loses in trading is also a reflection of himself still not perfect in determining the timing to make decisions... and that is still reasonable, because the market is really not controlled by just one person, but there are also other whales who control the direction of the market...
I am not a professional trader, just a person who spends free time trading, so I do not use timing but see market movements if I feel the market is good for trading, I will trade. but if using timing we must always monitor the market, and I do not have time to do that.
Maybe for those who have a lot of time can do that,
Then it is completely important to look out for our strength and weaknesses because if we don't realized it on time we may find difficult coping with it especially when the person isn't that routed into trading, they find it hard to sail swiftly but you understand how it works it will enable cutline your strength to area where you can be able to control and manage. Especially in the aspect of investment when you are good with investment and you trust the asset you are investing on then good than trading and losing your funds.
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So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
The solution to trading is that people should prefer long term trading like swing trading. If you are a day trader and notice that you are not making money, it is because day traders do lose money. But generally I prefer holding. Holders are the ones making money, but that is if you know the right time to hold.
It is possible to make a lot of profit through day trading, especially in pre-market today, if you can make good predictions. And of course long term investment is a safe investment I believe. But this requires a lot of patience. Long-term investing means you must hold a coin for a long time regardless of its status. If suddenly the price of that coin starts to fall then there is no need to panic. of course you have to wait to recover again. the big point is whether you have patience till then. Because most traders cannot afford to be patient
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It is possible to make a lot of profit through day trading, especially in pre-market today, if you can make good predictions. And of course long term investment is a safe investment I believe. But this requires a lot of patience. Long-term investing means you must hold a coin for a long time regardless of its status. If suddenly the price of that coin starts to fall then there is no need to panic. of course you have to wait to recover again. the big point is whether you have patience till then. Because most traders cannot afford to be patient
This certainly requires big efforts to realize it, not only when taking action but also in analyzing what coins will be taken. Because pre-market is a new coin, so it's like there is no certainty whether the coin can be really that good later or not. So if you are not used to analyzing it, it will be very bad.
However, at the same time, all of that will also depend on the risk we want to hold. Because, new coins like that certainly have a much higher risk, but on the other hand, they also have the possibility of giving high returns too, so this will depend on how we prepare for such readiness.
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It is possible to make a lot of profit through day trading, especially in pre-market today, if you can make good predictions. ...
~[snip]
It's really hard, my friend.. making predictions that are always accurate is certainly a big challenge for every trader and investor... we don't fully control the market well, that means we will still find mistakes in making predictions, no matter how long your experience in the cryptocurrency world is, mistakes still exist...
People who can make accurate predictions every day, they will be rich in a faster time... predictions are the last challenge for every trader who may even only whales have access to knowledge about this. Because of their ability to manipulate the market.
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It is possible to make a lot of profit through day trading, especially in pre-market today, if you can make good predictions. ...
~[snip]
It's really hard, my friend.. making predictions that are always accurate is certainly a big challenge for every trader and investor... we don't fully control the market well, that means we will still find mistakes in making predictions, no matter how long your experience in the cryptocurrency world is, mistakes still exist...
People who can make accurate predictions every day, they will be rich in a faster time... predictions are the last challenge for every trader who may even only whales have access to knowledge about this. Because of their ability to manipulate the market.
That's the gist of it - you get the market and the flow of it, you are good.
You are impatient or do something because - you - want it to happen, without the reasons behind it - you get punished for it.
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- The difficult thing to do in trading here in crypto is to perform technical and fundamental analysis if it's just a prediction it's easy but the two I mentioned there have a deep analysis. Then it also depends on your depth in using strategies here in the trading activity.
That's why it's not possible to be ignorant in trading, it's not just buy and sell, you must really know something in terms of understanding using indicators,
reading in the chart and etc.
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- The difficult thing to do in trading here in crypto is to perform technical and fundamental analysis if it's just a prediction it's easy but the two I mentioned there have a deep analysis. Then it also depends on your depth in using strategies here in the trading activity.
That's why it's not possible to be ignorant in trading, it's not just buy and sell, you must really know something in terms of understanding using indicators,
reading in the chart and etc.
Fundamental analysis can be harder to follow since crypto is a wide world market which also involve geopolitics. And even the US election can be a trigger for where the crypto market trends go. If anything other than TA, it's what's going on with geopolitics that's affects more than just the US dollar.
It would take more than just TA and fundamental analysis which I guess it's hard even for the pro.
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So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
The solution to trading is that people should prefer long term trading like swing trading. If you are a day trader and notice that you are not making money, it is because day traders do lose money. But generally I prefer holding. Holders are the ones making money, but that is if you know the right time to hold.
Earning money from trading is very difficult. Earning money from trading is very difficult for everyone. If a day trader thinks of making money by trading daily, it will be very difficult for him. There is no such risk in day trading for long term trading. Sometimes we put all our money at risk due to our own mistakes. If we start trading cautiously, our money will not be at risk. And if we start trading with a wrong decision, our money will be more likely to be lost.
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So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
The solution to trading is that people should prefer long term trading like swing trading. If you are a day trader and notice that you are not making money, it is because day traders do lose money. But generally I prefer holding. Holders are the ones making money, but that is if you know the right time to hold.
Earning money from trading is very difficult. Earning money from trading is very difficult for everyone. If a day trader thinks of making money by trading daily, it will be very difficult for him. There is no such risk in day trading for long term trading. Sometimes we put all our money at risk due to our own mistakes. If we start trading cautiously, our money will not be at risk. And if we start trading with a wrong decision, our money will be more likely to be lost.
daily trading requires focus and always have time to monitor the market, I am also a trader but sometimes when my prediction is not accurate I will hold and change short-term trading to medium. because our crypto market is very volatile so we need the right analysis and prediction and this is certainly not easy.
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So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
The solution to trading is that people should prefer long term trading like swing trading. If you are a day trader and notice that you are not making money, it is because day traders do lose money. But generally I prefer holding. Holders are the ones making money, but that is if you know the right time to hold.
Earning money from trading is very difficult. Earning money from trading is very difficult for everyone. If a day trader thinks of making money by trading daily, it will be very difficult for him. There is no such risk in day trading for long term trading. Sometimes we put all our money at risk due to our own mistakes. If we start trading cautiously, our money will not be at risk. And if we start trading with a wrong decision, our money will be more likely to be lost.
daily trading requires focus and always have time to monitor the market, I am also a trader but sometimes when my prediction is not accurate I will hold and change short-term trading to medium. because our crypto market is very volatile so we need the right analysis and prediction and this is certainly not easy.
Yes, for day trading you have to keep an eye on the market because when thousands of coins in the market move in which direction depends on various good and bad news and project team intervention. Therefore, for short-term trade or day trading, it is very important not only to keep an eye on the market but also to keep a sharp focus on various news. Otherwise, it is not possible to do anything good through day trading. Even if you can make profit sometimes, you have to face huge losses at some point. Because a bad news has a huge negative impact on the market
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Yes, for day trading you have to keep an eye on the market because when thousands of coins in the market move in which direction depends on various good and bad news and project team intervention. Therefore, for short-term trade or day trading, it is very important not only to keep an eye on the market but also to keep a sharp focus on various news. Otherwise, it is not possible to do anything good through day trading. Even if you can make profit sometimes, you have to face huge losses at some point. Because a bad news has a huge negative impact on the market
Daily trading takes a lot of time to always monitor the market and read the latest news, because the news is very influential on short-term trading.
While long-term investment we don't need to bother with always monitoring the market.
but if you want to compare the benefits if we are professional traders, we can get bigger profits than just holding for the long term.
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Daily trading takes a lot of time to always monitor the market and read the latest news, because the news is very influential on short-term trading.
While long-term investment we don't need to bother with always monitoring the market.
but if you want to compare the benefits if we are professional traders, we can get bigger profits than just holding for the long term.
Those who are professional traders can be successful by trading in all situations. However, if a new trader trades, he often faces various problems. The reason for facing these problems is that if he starts trading without having any idea about trading, such big problems can occur. I found that if we can buy and hold some coins when the market conditions are bad and sell when the market conditions are good again, we will get a lot of profit. Long term time trading is much safer. I think there is no risk here.
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Because a bad news has a huge negative impact on the market
Well I consider that things are very important when they happen so that they can generate impacts, a clear and decisive example is and will be the US elections, the results that come out of there will undoubtedly be the news that will be most impactful so far what will happen, and we will see how the market can react, I hope it is favorable, I want to see btc very high in price, alts are something that will follow the path of btc, for me everything can be advanced this year according to the results of this market, we have to wait to see how this develops.
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Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...
So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
In trading various obstacles and challenges can arise depending either on the individual experiences or market conditions. And the hardest thing to learn in trading is not technical analysis psychology or your strategy rather it's simply knowing when to push and when to stop; the traders will take a couple good trades in the market and think they've figured it out so they'll increase their size way too fast and blow their account vice versa when a trader keeps loosing they'll loose the motivation to keep going and they'll just quit so you need to be able to differentiate which part of your trading career you're in currently, there would be ups and downs in your trading career, therefore when you're loosing consistently you need to double down on the process of your learning even more and when you're winning double down on your strategy and find out why it's working.
Trading success will take your time but it will be much faster when you know when to push and when to stop.
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In trading various obstacles and challenges can arise depending either on the individual experiences or market conditions. And the hardest thing to learn in trading is not technical analysis psychology or your strategy rather it's simply knowing when to push and when to stop; the traders will take a couple good trades in the market and think they've figured it out so they'll increase their size way too fast and blow their account vice versa when a trader keeps loosing they'll loose the motivation to keep going and they'll just quit so you need to be able to differentiate which part of your trading career you're in currently, there would be ups and downs in your trading career, therefore when you're loosing consistently you need to double down on the process of your learning even more and when you're winning double down on your strategy and find out why it's working.
Trading success will take your time but it will be much faster when you know when to push and when to stop.
What I get from you, maybe like this... we have to get the formula in trading to be able to make a profit... then with the same formula and apply the formula again, if it succeeds in making money then it is certain that it is a successful formula, our task is to use the formula over and over again until we are really rich from trading....
The formula may be a solved puzzle or a habit of people so that the market influence is like a template that is repeated...
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In trading various obstacles and challenges can arise depending either on the individual experiences or market conditions. And the hardest thing to learn in trading is not technical analysis psychology or your strategy rather it's simply knowing when to push and when to stop; the traders will take a couple good trades in the market and think they've figured it out so they'll increase their size way too fast and blow their account vice versa when a trader keeps loosing they'll loose the motivation to keep going and they'll just quit so you need to be able to differentiate which part of your trading career you're in currently, there would be ups and downs in your trading career, therefore when you're loosing consistently you need to double down on the process of your learning even more and when you're winning double down on your strategy and find out why it's working.
Trading success will take your time but it will be much faster when you know when to push and when to stop.
What I get from you, maybe like this... we have to get the formula in trading to be able to make a profit... then with the same formula and apply the formula again, if it succeeds in making money then it is certain that it is a successful formula, our task is to use the formula over and over again until we are really rich from trading....
The formula may be a solved puzzle or a habit of people so that the market influence is like a template that is repeated...
Indeed, When we can identify a tested pattern whereby the outcomes of some strategies that have been carried out continuously display positive revenues. The repetition of a winning technique will remain a foundation for consistent profitability in the market and our role has simply been to proceed with its implementation with caution.
By continually doing the formula that has been set, we over time create wealth from trading. Every time this process is executed and the results are good, we are more assured that such pattern will yield the desired results that informs us of its effectiveness or efficiency.
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Daily trading takes a lot of time to always monitor the market and read the latest news, because the news is very influential on short-term trading.
While long-term investment we don't need to bother with always monitoring the market.
but if you want to compare the benefits if we are professional traders, we can get bigger profits than just holding for the long term.
Those who are professional traders can be successful by trading in all situations. However, if a new trader trades, he often faces various problems. The reason for facing these problems is that if he starts trading without having any idea about trading, such big problems can occur. I found that if we can buy and hold some coins when the market conditions are bad and sell when the market conditions are good again, we will get a lot of profit. Long term time trading is much safer. I think there is no risk here.
While working in the professional level one can manipulate in different situations and conditions, but for a beginner the basic knowledge are sufficient enough not to make such serious mistakes. To the extent that we understand these things, we should be able to avoid the risk scenarios that aren’t necessary and be more prepared for the market forces that are out there.
It is by buying coins during bearish conditions in the market and selling coins upon better conditions to make good profits. The long-term trading is more comfortable to deal with as we do not have any pressure whether we will have a chance to start a high risk and at the same time, it is easier to get positive results.
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For example OP, none of us know what price he bought bitcoin for and how long he held it or what his financial situation is...no one knows what he needs and wants but him. So he can't ask us for advice and we can't give him the most useful advice when we don't know anything about him. Agreed bull season is coming and buying will be more encouraged at this point but if he is already profitable and needs money then there is no reason to hold on. Selling would suit him better.
I understand what you say, what happens is that of course as you say it is for something that has to be more specific, most of us here is not that we give a generic answer, but we give a conceptual answer based on the information that is given to us, we give advice according to what we Imagine we could do and if we have knowledge in economics, in our own experiences, then it is about helping, the more specific it is, the better we can give our opinion, but considering that the money is needed urgently, well, nothing to do, it is withdrawn and that's it , those are fundamental things that Should not even be thought about.
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For example OP, none of us know what price he bought bitcoin for and how long he held it or what his financial situation is...no one knows what he needs and wants but him. So he can't ask us for advice and we can't give him the most useful advice when we don't know anything about him. Agreed bull season is coming and buying will be more encouraged at this point but if he is already profitable and needs money then there is no reason to hold on. Selling would suit him better.
I understand what you say, what happens is that of course as you say it is for something that has to be more specific, most of us here is not that we give a generic answer, but we give a conceptual answer based on the information that is given to us, we give advice according to what we Imagine we could do and if we have knowledge in economics, in our own experiences, then it is about helping, the more specific it is, the better we can give our opinion, but considering that the money is needed urgently, well, nothing to do, it is withdrawn and that's it , those are fundamental things that Should not even be thought about.
The point is to adjust to what we expect, want, need, and are capable of, in all things. Because in crypto trading and investing, there is something called financial management and risk. Not without reason, but to adjust to each individual's targets and needs.
Because, commonly, in general, the target for TP BTC is at $ 100k or even more, that's in general. But in fact, it will all depend on and return to each individual in doing it. Because as I said earlier, it depends on each target and need, and is based on their own risk management and funds.
The problem is when we don't understand this but just follow along because of FOMO, this is dangerous and the risk will be quite large. So whatever it is, make sure that we understand it and decide based on what is best for our own suitability. But also make sure that there are no regrets after the decision is taken.
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The hardest thing in trading for me based on my experience is the emotion. Every time we trade with real money there is an emotion involve. And if your emotion is not stable you're prone to loses, that's why we really should consider our emotion first before we do a trade. Losing in trading are not only the main cause to develop emotional imbalance, you can also get it from your daily lives.
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The hardest thing in trading for me based on my experience is the emotion. Every time we trade with real money there is an emotion involve. And if your emotion is not stable you're prone to loses, that's why we really should consider our emotion first before we do a trade. Losing in trading are not only the main cause to develop emotional imbalance, you can also get it from your daily lives.
Yeah, it's really hard to removed emotion in the equation as it involves money. And with that, we could be feeling greedy at some point and we wanted more money or profits. And so we thought that we can achieved that by not selling and waiting for the price to increase. But because of volatility, the price might go on the different path and so instead of making money, you could be losing. So we might learn to control our emotions and then don't be greedy and take profits already.
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The hardest thing in trading for me based on my experience is the emotion. Every time we trade with real money there is an emotion involve. And if your emotion is not stable you're prone to loses, that's why we really should consider our emotion first before we do a trade. Losing in trading are not only the main cause to develop emotional imbalance, you can also get it from your daily lives.
You are right, the main challenge is ourselves which lies in emotions. Actually, as humans we definitely have emotions, but what will be a problem is when emotions are unstable while we cannot control those emotions.
There are many people who ultimately fail because of emotions, and emotions can take various forms, such as greed, panic or fear and so on. So we must be able to control ourselves from emotions as best we can.
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The hardest thing in trading for me based on my experience is the emotion. Every time we trade with real money there is an emotion involve. And if your emotion is not stable you're prone to loses, that's why we really should consider our emotion first before we do a trade. Losing in trading are not only the main cause to develop emotional imbalance, you can also get it from your daily lives.
Yeah, it's really hard to removed emotion in the equation as it involves money. And with that, we could be feeling greedy at some point and we wanted more money or profits. And so we thought that we can achieved that by not selling and waiting for the price to increase. But because of volatility, the price might go on the different path and so instead of making money, you could be losing. So we might learn to control our emotions and then don't be greedy and take profits already.
It would be nice if you always win because you can gain confidence, but if you always lose, you will only become more emotional. So it is really necessary to stay away from the chart when that happens in your trades so that your understanding of the market is not completely destroyed. You will lose confidence in the strategy and there is a chance that it will be long term, so it is better to avoid looking at the chart when you lose 2 to 3 trades in a row.
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Daily trading takes a lot of time to always monitor the market and read the latest news, because the news is very influential on short-term trading.
While long-term investment we don't need to bother with always monitoring the market.
but if you want to compare the benefits if we are professional traders, we can get bigger profits than just holding for the long term.
Those who are professional traders can be successful by trading in all situations. However, if a new trader trades, he often faces various problems. The reason for facing these problems is that if he starts trading without having any idea about trading, such big problems can occur. I found that if we can buy and hold some coins when the market conditions are bad and sell when the market conditions are good again, we will get a lot of profit. Long term time trading is much safer. I think there is no risk here.
That's right, professional traders are always lucky in trading because they know when to buy and when to sell so they often get success, but unlike novice traders, they don't have much knowledge about crypto and the market so they are not very smart in analyzing the market, that's why they don't know when to buy and when to sell... even they are too careless in trading so they get losses.
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The hardest thing in trading for me based on my experience is the emotion. Every time we trade with real money there is an emotion involve. And if your emotion is not stable you're prone to loses, that's why we really should consider our emotion first before we do a trade. Losing in trading are not only the main cause to develop emotional imbalance, you can also get it from your daily lives.
Do you ever think that controlling emotion is a must for every trader? If you are aware about it, you must find a way to control your emotion. I'm sure if you have enough knowledge, it is not really hard to control your emotion. In my own view, it will be hard if we have no idea because we have no proper knowledge. Doing analysis, be realistic, and don't be greedy! I think these are some ways to control our emotion. If we do this, we can deal with our emotion in each market condition.
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The hardest thing in trading for me based on my experience is the emotion. Every time we trade with real money there is an emotion involve. And if your emotion is not stable you're prone to loses, that's why we really should consider our emotion first before we do a trade. Losing in trading are not only the main cause to develop emotional imbalance, you can also get it from your daily lives.
Do you ever think that controlling emotion is a must for every trader? If you are aware about it, you must find a way to control your emotion. I'm sure if you have enough knowledge, it is not really hard to control your emotion. In my own view, it will be hard if we have no idea because we have no proper knowledge. Doing analysis, be realistic, and don't be greedy! I think these are some ways to control our emotion. If we do this, we can deal with our emotion in each market condition.
Yeah, of course. There are no strategy with 100% win rate and the market will not always do what it used to be. If you can't handle well your emotion, you can handle your loses. Profitable traders usually are good people and are open minded, I remember some mentors who really are profitable, you can really tell that they are very disciplined person, which is really important in trading. Having a profitable strategy makes you gain confidence and that is a big factor to handle your emotion.
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To be successful in trading, I believe one's approach should be both long term and short term. And he ought to maintain his portfolios accordingly. In this way, one can be successful.
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Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...
So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
From what I have just noticed and seen, dude, there is no problem with what we study and learn in crypto trading, especially with the strategies we learn. What I really see as a problem is that when it comes to actual trade, that's where the problem really arises.
And this problem is the execution of what we have learned and learned from what we have studied in trading strategy. The strategy that we are using is correct; the problem is that the strategy is not applied correctly or correctly in its actual usage when it comes to the candlestick chart, and in addition to this, the analysis is also the same, whether technical or fundamental.
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Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...
So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
From what I have just noticed and seen, dude, there is no problem with what we study and learn in crypto trading, especially with the strategies we learn. What I really see as a problem is that when it comes to actual trade, that's where the problem really arises.
And this problem is the execution of what we have learned and learned from what we have studied in trading strategy. The strategy that we are using is correct; the problem is that the strategy is not applied correctly or correctly in its actual usage when it comes to the candlestick chart, and in addition to this, the analysis is also the same, whether technical or fundamental.
The right strategy will produce maximum profit, but unfortunately sometimes our strategy does not match the market conditions that suddenly change so we have to change our strategy because the crypto market is very volatile and sometimes different from our analysis and predictions.
that's why experience and skills are needed in trading.
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It is by buying coins during bearish conditions in the market and selling coins upon better conditions to make good profits. The long-term trading is more comfortable to deal with as we do not have any pressure whether we will have a chance to start a high risk and at the same time, it is easier to get positive results.
At the moment, things with trading will undoubtedly be affected by what is coming in the US elections, but as you say, it is a very good method, to do long-term trading to be able to respond or have the capacity to react. If there is that analysis, then yes, that type of trading can be generated to take care of our funds. It is evident that a great cycle of uncertainty is coming now , Especially this November 5th , but it will be a trigger to go very high or to Really expect a fall in the price of btc and any alt.
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It is by buying coins during bearish conditions in the market and selling coins upon better conditions to make good profits. The long-term trading is more comfortable to deal with as we do not have any pressure whether we will have a chance to start a high risk and at the same time, it is easier to get positive results.
At the moment, things with trading will undoubtedly be affected by what is coming in the US elections, but as you say, it is a very good method, to do long-term trading to be able to respond or have the capacity to react. If there is that analysis, then yes, that type of trading can be generated to take care of our funds. It is evident that a great cycle of uncertainty is coming now , Especially this November 5th , but it will be a trigger to go very high or to Really expect a fall in the price of btc and any alt.
The current market condition is quite good for trading because I see the price of bitcoin has touched ATH and is holding at $76K. The impact of the US presidential election is quite good for bitcoin and crypto at the moment, I start spending time monitoring and trading.
If you want to be safe in trading, we can choose long term, but currently because of high volatility I choose short term and focus on scalping to get faster profits.
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It is by buying coins during bearish conditions in the market and selling coins upon better conditions to make good profits. The long-term trading is more comfortable to deal with as we do not have any pressure whether we will have a chance to start a high risk and at the same time, it is easier to get positive results.
At the moment, things with trading will undoubtedly be affected by what is coming in the US elections, but as you say, it is a very good method, to do long-term trading to be able to respond or have the capacity to react. If there is that analysis, then yes, that type of trading can be generated to take care of our funds. It is evident that a great cycle of uncertainty is coming now , Especially this November 5th , but it will be a trigger to go very high or to Really expect a fall in the price of btc and any alt.
The current market condition is quite good for trading because I see the price of bitcoin has touched ATH and is holding at $76K. The impact of the US presidential election is quite good for bitcoin and crypto at the moment, I start spending time monitoring and trading.
If you want to be safe in trading, we can choose long term, but currently because of high volatility I choose short term and focus on scalping to get faster profits.
Having looked at the market though we now observing that the competition has started heating up, I must admit that this kind of price surge comes with certain level of risk which I consider negative. We understand that an increase in the price of crypto makes users gain money; however, we cannot ignore the cumulative dangers. In this case we are relying on fleeting trends which obscure the conditions prevailing, and this high variability can cause our trading strategy to slip from our grasp.
But the hour is better that we are more careful and do not surrender to the enticing idea to make fast money that increases our interest and attraction. As seen scalping is profitable, however having so many factors influencing the price it would be beneficial for us to always remain alert. All the same, I think the opportunity is there but they had to think of the losses that may at any one time, we do not cut off our gains all together.
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I have realized, that one of the hardest things in trading for me is to talk or force myself to sell altcoins with a price loss, to try to recover losses by other cryptocurrency growth. As not a frequent trader or investor, I find it mentally hard to sell with a loss. For me it was always better to think that altcoin I have bought and its price went down as a fail investment and come to terms with losing money. I have been holding dogecoin for long, bought them @33 cents. Saw today, that they have made already a nice growth, but still not enough, so I have decided to to sell and buy bitcoin instead. Previously, I would have held them till price returns to 33 cents, sell and forget like a bad dream. Forced myself to jump from dogecoin to bitcoin and keep holding.
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I have realized, that one of the hardest things in trading for me is to talk or force myself to sell altcoins with a price loss, to try to recover losses by other cryptocurrency growth. As not a frequent trader or investor, I find it mentally hard to sell with a loss. For me it was always better to think that altcoin I have bought and its price went down as a fail investment and come to terms with losing money. I have been holding dogecoin for long, bought them @33 cents. Saw today, that they have made already a nice growth, but still not enough, so I have decided to to sell and buy bitcoin instead. Previously, I would have held them till price returns to 33 cents, sell and forget like a bad dream. Forced myself to jump from dogecoin to bitcoin and keep holding.
If you have difficulty selling your coins at a loss, you should hold them until the price goes up again. But the coins you have must be top coins or potential coins that have good projects, because if it's just an unpopular meme coin, we will have difficulty selling for profit, because meme coins for fast investment are not for holding, except for meme coins that are already popular.
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The problem is when we don't understand this but just follow along because of FOMO, this is dangerous and the risk will be quite large. So whatever it is, make sure that we understand it and decide based on what is best for our own suitability. But also make sure that there are no regrets after the decision is taken.
There is no doubt about that, for me things are very clear, at the moment the fomo can increase, but it can increase with solid foundations, we know very well that the market has risen thanks to Trump winning and that now it is likely that the price will continue to rise gradually, in addition the things that can be generated are very good because it is heard that the war conflicts can now be resolved, possible solutions to the wars that exist are a fact, so this affects the market and positively, everything positive brings something positive and that is why now I say that very good things can come for btc.
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If you have difficulty selling your coins at a loss, you should hold them until the price goes up again. But the coins you have must be top coins or potential coins that have good projects, because if it's just an unpopular meme coin, we will have difficulty selling for profit, because meme coins for fast investment are not for holding, except for meme coins that are already popular.
In particular, if we own a particular coin, and its value in our portfolio was reduced, it is sometimes reasonable simply to wait until its value rises again, particularly if the coin is a solid asset, and the project associated with it is promising. Generally those coins that fall under the leading category or those that include the basics are normally more likely to bounce back and generate profits in the future. Conversely meme coins are generally best for short term and are less sustainable if held for too long unless the meme coin already holds great sway and its own attraction like Doge, Pepe and others.
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The current market condition is quite good for trading because I see the price of bitcoin has touched ATH and is holding at $76K. The impact of the US presidential election is quite good for bitcoin and crypto at the moment, I start spending time monitoring and trading.
If you want to be safe in trading, we can choose long term, but currently because of high volatility I choose short term and focus on scalping to get faster profits.
It is a very good option, in fact this makes me remember in 2017 when some friends of mine won a lot, and it was because bitcoin was going up in price and they won with any Cryptocurrency , they won everything because practically the market was in a bullish Trend , therefore when we are focused and we know that there is Confirmation of this, things are different , so since we are already in a good moment I am very happy that you are Making money from the market, keep it up because that is what it is about, if you already got the trick you should give it a go.
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The current market condition is quite good for trading because I see the price of bitcoin has touched ATH and is holding at $76K. The impact of the US presidential election is quite good for bitcoin and crypto at the moment, I start spending time monitoring and trading.
If you want to be safe in trading, we can choose long term, but currently because of high volatility I choose short term and focus on scalping to get faster profits.
It is a very good option, in fact this makes me remember in 2017 when some friends of mine won a lot, and it was because bitcoin was going up in price and they won with any Cryptocurrency , they won everything because practically the market was in a bullish Trend , therefore when we are focused and we know that there is Confirmation of this, things are different , so since we are already in a good moment I am very happy that you are Making money from the market, keep it up because that is what it is about, if you already got the trick you should give it a go.
When the market is in a bullish trend we can sell our bitcoin and altcoin, in the year you mentioned 2017 I also got a lot of profit. That's why as short and medium term investors we must always monitor the market because if we miss it will be difficult to get profit or late to enter and exit. But for those who choose long term hold, they don't need to spend much time monitoring the market.