Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: SmartGold01 on October 12, 2024, 10:56:05 PM
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
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No, trading doesn't get me addicted when it pays off.
I trade just wanting to take some advantage of the price fluctuations that occur.
Those who are too addicted will just make a deposit without making any withdrawals or profits.
Usually they get stuck with revenge trading, so they will keep putting their funds into trading until their losses turn into profits, but it is quite difficult if they are already trading revenge.
And this also depends on what type of trade is used, there are many beginners who only use Futures trading to multiply their money easily, but they don't think about the risks.
I myself prefer spot trading because it is safer to avoid higher stress and will not be liquidated like futures trading
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Don't you think a trader can as well become addicted?
Another thing is that trading is not fun like gambling but it is very risky. You will see people dedicate their time and use their money to trade and lose often. Trading is worse than gambling for some people as they think they can make money from trading if they become a good trader but they will just be having losses. Although if you are good in trading, it can also be a source of income but it should not be a primary source of income.
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Don't you think a trader can as well become addicted?
Another thing is that trading is not fun like gambling but it is very risky. You will see people dedicate their time and use their money to trade and lose often. Trading is worse than gambling for some people as they think they can make money from trading if they become a good trader but they will just be having losses. Although if you are good in trading, it can also be a source of income but it should not be a primary source of income.
I think the same because this things are the major attributes to lose because they are trading with pressure and tension to make money and meet up with their standard of living without knowing that such tension would end up increasing their lose. People who see's trading as their primary source of income mostly face difficulty if they didn't receive back what they expected as profits.
+1 for you
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
You should understand very well that trading is different from gambling. Most time s people confuse it for gambling but it's not. They might have same idea as you get to to make profits using money. One thing that happens when a gambler becomes addicted, is that he losses control of himself and sometimes loss. But a trader becoming addicted to his trading strategy will help him understand the market dynamics even more. All that matters now is his psychological and how he controls himself in the market. That's because when you get too confident you might end up taking the wrong decisions and losing.
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Gambling can make people addicted and gambling addiction creates bad situations for people. Trading does not make people addicted Trading makes people addicted but does not lead to bad situations like gambling. Suppose you are doing spot trading, you may suffer losses due to falling prices or rising prices, but you may recover if the prices rise or fall. I am not addicted to trading and trading cannot make me addicted. I trade when the market goes down so much that I think it might not go down any further, then I trade when the price goes up a little bit and I sell my trade. I am not very greedy in trading platform and I sell my trades only when I make small profit in trading platform so I don't lose much in trading platform. There are some trading strategies that can be adopted to save yourself from losses on the trading platform.
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Maybe they get addicted too. When they get addicted I think they will want to look for new strategy and learn more of the tools used to trade in the market.
I see more of them on the speculation threads and some of them shows complicated charts. Th y must have been addicted for a while already.
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I think that you also create a best topic and comment in this post. So i am also agree with your comment. We know that trading is one of the best profitable site in cryptocurrency world. Because we saw that many people earned huge profit from crypto trading. I also believe that they could understand easily in cryptocurrency market and trading system. Because we know that a good trader can be successful for his skills and intelligence. So i want to a professional traders in cryptocurrency world.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
I'm primarily a holder, meaning I don't frequently buy or sell crypto. My trading activities are confined to a demo account, serving as a training ground to enhance my understanding of indicators and experiment with new investment strategies.
For other traders, I believe their primary motivation is to profit from market fluctuations. If they simply enjoy the thrill of chance, they would likely prefer the social atmosphere and excitement of a casino over the solitary experience of a CEX/DEX interface.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
I'm primarily a holder, meaning I don't frequently buy or sell crypto. My trading activities are confined to a demo account, serving as a training ground to enhance my understanding of indicators and experiment with new investment strategies.
For other traders, I believe their primary motivation is to profit from market fluctuations. If they simply enjoy the thrill of chance, they would likely prefer the social atmosphere and excitement of a casino over the solitary experience of a CEX/DEX interface.
If you rely on demo then I can say you aren't a trader rather and investor meaning an investor is someone who holds coin for some specifics period of time to sell off their invest, meaning there is every slime chances for such people like you to become an addicted trader or do I say holder? Yes that is it, you can hardly become addicted trader because you aren't solely depending on trading rather whenever the market gets to your choice of price level before either selling.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
I'm primarily a holder, meaning I don't frequently buy or sell crypto. My trading activities are confined to a demo account, serving as a training ground to enhance my understanding of indicators and experiment with new investment strategies.
For other traders, I believe their primary motivation is to profit from market fluctuations. If they simply enjoy the thrill of chance, they would likely prefer the social atmosphere and excitement of a casino over the solitary experience of a CEX/DEX interface.
If you rely on demo then I can say you aren't a trader rather and investor meaning an investor is someone who holds coin for some specifics period of time to sell off their invest, meaning there is every slime chances for such people like you to become an addicted trader or do I say holder? Yes that is it, you can hardly become addicted trader because you aren't solely depending on trading rather whenever the market gets to your choice of price level before either selling.
when your money depends on the kind of trading you do, it should be find to get addicted and learn more off the charts than learning other stuff. just like gambling, the gamblers are trying to look for strategies and some tool to win on games, its not very different to traders who got addicted to reading charts and finding which coins to trade.
trading i think is wider though because traders can choose which projects and may even just ride the pumps whenever there is opportunity.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
I'm primarily a holder, meaning I don't frequently buy or sell crypto. My trading activities are confined to a demo account, serving as a training ground to enhance my understanding of indicators and experiment with new investment strategies.
For other traders, I believe their primary motivation is to profit from market fluctuations. If they simply enjoy the thrill of chance, they would likely prefer the social atmosphere and excitement of a casino over the solitary experience of a CEX/DEX interface.
If you rely on demo then I can say you aren't a trader rather and investor meaning an investor is someone who holds coin for some specifics period of time to sell off their invest, meaning there is every slime chances for such people like you to become an addicted trader or do I say holder? Yes that is it, you can hardly become addicted trader because you aren't solely depending on trading rather whenever the market gets to your choice of price level before either selling.
when your money depends on the kind of trading you do, it should be find to get addicted and learn more off the charts than learning other stuff. just like gambling, the gamblers are trying to look for strategies and some tool to win on games, its not very different to traders who got addicted to reading charts and finding which coins to trade.
trading i think is wider though because traders can choose which projects and may even just ride the pumps whenever there is opportunity.
There are people are who are so passionate about their trading and forms of coins to trade but however, involving in a higher trades depends on the coin therefore, it's imperatively to stick on those coin to giving you the profits required and when the trader aren't greedy there possibility of trading freely without being addicted.
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Of course, the main purpose of trading is to make a profit, that's why, day by day, we must learn more and more to optimize the profit. It's just that, indeed, all trading risks to losing money cannot be avoided, especially when we play in the Future market.
It's just that, regarding addiction, I think I have a hard time distinguishing it, is a professional trader addicted to trading every day? I don't think so, because no matter how they do it, sometimes as a job, they are used to trading and all its very complex analysis.
Then, maybe the difference with gambling is, when trading, usually someone will do their own analysis and calculations, whether the results will be loss or profit, but there should be their own analysis. If it turns out to be losing money because of the future market, I don't think it will lead to addiction, because it's too dizzy analyzing the market. While gambling has a sense of fun, right? That's why it makes you curious and still enjoy doing it, because often it's purely based on luck, just guessing.
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Don't you think a trader can as well become addicted?
No, I don't think a trader can become addicted to trading just like gamblers, because I've been trading since 2015 era and I can say that it's not addicting at all. I'm not sure about most of the traders but from my own experience I can say that trading isn't addictive at all.
I regularly check and monitor the market to see what's happening and whenever I find a good opportunity I open my positions without any delays but that doesn't mean that I'm doing it 24/7 or I'm so addicted to it that if I skip a day or two that might impact my mental health. Sometimes I don't trade for weeks and still that doesn't impact my mental health in anyway.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
Investing is also a kind of trading but just the longer format and everyone who chose to trade has their own reason and literally 90% of them end up in loss while the remaining 10% bags the profit.
The beauty of trading is, it gives the opportunity to make money quicker so one who really gives time and the capability to take risks are having better chance of increasing their portfolio value.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
Investing is also a kind of trading but just the longer format and everyone who chose to trade has their own reason and literally 90% of them end up in loss while the remaining 10% bags the profit.
The beauty of trading is, it gives the opportunity to make money quicker so one who really gives time and the capability to take risks are having better chance of increasing their portfolio value.
The potential is bigger while you trade or scalp, however, the risks of such a venture are also spiking up. Each of us has our own goal in mind, which we can achieve in many different ways, and overall, everybody decides for themselves whether investing or trading would be more beneficial to do, many metrics should be considered while making a decision like that.
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I don't really understand the world of psychology like that, but I think it could happen...
I once tried to be a daily trader, when it failed my curiosity ended, because it hit me quite hard...
But I'm sure there are people who still persist even though it hurts... to call it addiction, I'm not sure it's because of addiction, because addiction is only for people who like an activity or object... and maybe only a few people are addicted to the headache of understanding the world of trading.
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I don't really understand the world of psychology like that, but I think it could happen...
I once tried to be a daily trader, when it failed my curiosity ended, because it hit me quite hard...
But I'm sure there are people who still persist even though it hurts... to call it addiction, I'm not sure it's because of addiction, because addiction is only for people who like an activity or object... and maybe only a few people are addicted to the headache of understanding the world of trading.
That's why it's important to use limits during your sessions or just use the funds you are willing to spend. Some people don't learn from it and keep trying their luck out, thus, becoming entrenched in getting their money back from the market, when in reality, it would be pretty hard to do so without needed knowledge and expertise.
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Many people trade with long term investment.And many people buy and sell repeatedly.But I would prefer long term investment.Being more greedy makes trader addicted.
I also believe that they can easily understand the cryptocurrency market and trading system.Because we know that a good trader can succeed because of his skill and intelligence.success can be achieved if we give at the right time.
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No, I don't think a trader can become addicted to trading just like gamblers, because I've been trading since 2015 era and I can say that it's not addicting at all. I'm not sure about most of the traders but from my own experience I can say that trading isn't addictive at all.
I regularly check and monitor the market to see what's happening and whenever I find a good opportunity I open my positions without any delays but that doesn't mean that I'm doing it 24/7 or I'm so addicted to it that if I skip a day or two that might impact my mental health. Sometimes I don't trade for weeks and still that doesn't impact my mental health in anyway.
Mental health is very important part in trading and you did good management how to controlling mental health by leaving awhile trading until your mental health recovery back. Usually get bad mentality or out controlling after loss position and leave trade awhile recovery back our mental health is very important, but for experienced trader seems easily how to control their mental health and not really care how many time loss during can recovery back their capital to earn profit.
Usually my trading habit right now only when market drop although monitoring market every day but keep patience waiting for when price really dropped.
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Don't you think a trader can as well become addicted?
Trading is very different from gambling because trading is a sustainable skill, and if a trader becomes addicted to trading if they are making profit, then it is a kind of good addiction. The only bad side is when they are losing in trading and then do not know how to stop themselves or give themselves a break to reevaluate their strategy and really understand why they have consistently lost.
The purpose for trading for most traders is to make profit, just like other skills.
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Don't you think a trader can as well become addicted?
Trading is very different from gambling because trading is a sustainable skill, and if a trader becomes addicted to trading if they are making profit, then it is a kind of good addiction. The only bad side is when they are losing in trading and then do not know how to stop themselves or give themselves a break to reevaluate their strategy and really understand why they have consistently lost.
The purpose for trading for most traders is to make profit, just like other skills.
I think there is addiction in everything we does provided we constantly do it on a regular basis, it could be something that would give us profit or gives lose, the fact is that they can't do without involving themselves in that very activity any longer shows how addicted they seems to be. We take for example; a smoker, they don't do it to gain profits but they does it for pleasure and some people does it because of their atmospheric condition which is mostly causing coldness on their body system and they need it to heat up their body temperature.
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Trader trade for profit and most of trader are trade for the increase the capital as soon as possible for the rush of increasing capital most of trader get loses so mainly to be a trader is challenging decision compare to investment.
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Don't you think a trader can as well become addicted?
No, I don't think a trader can become addicted to trading just like gamblers, because I've been trading since 2015 era and I can say that it's not addicting at all. I'm not sure about most of the traders but from my own experience I can say that trading isn't addictive at all.
I regularly check and monitor the market to see what's happening and whenever I find a good opportunity I open my positions without any delays but that doesn't mean that I'm doing it 24/7 or I'm so addicted to it that if I skip a day or two that might impact my mental health. Sometimes I don't trade for weeks and still that doesn't impact my mental health in anyway.
Trading can be addictive just like gambling. Even if you have not experienced it many traders have problems controlling their behavior. They get driven by strong emotions like greed fear and excitement. Constantly checking markets and looking for opportunities can take over their thoughts harming their mental health and relationships.
You are able to control yourself and take breaks without issues which is great. But not all traders are like you. Some feel anxious or depressed when they can not trade or check markets. Addiction comes in many forms and trading addiction is one of them. Traders need to be aware of risks and maintain healthy balance in life.
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The potential is bigger while you trade or scalp, however, the risks of such a venture are also spiking up. Each of us has our own goal in mind, which we can achieve in many different ways, and overall, everybody decides for themselves whether investing or trading would be more beneficial to do, many metrics should be considered while making a decision like that.
Yup, more the returns then more the risk as well. But it shouldn't be only based on the goal, it should be based on the risk tolerance let's say someone with $1000 can't afford to choose the high risky methods by assuming that they can double their profits in few months while someone who is having hundreds of dollars can play their capital with some risky trade options to bag some profits.
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Actually i am not profetional trader. But i am trying to be a good trader. Now I am learning and and gathering knowledge about trading. After pandemic now i am fully unemployed. So i started trading. Mainly i started trading to remove my economic crisis and maintain my family.
I think for trading i will able to reduce my economic crisis. And mainly i am trading for economic development. I think today or tomorrow i will be successful.
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Usually my trading habit right now only when market drop although monitoring market every day but keep patience waiting for when price really dropped.
I believe that's a good approach to trading because monitoring the market doesn't cost anything but it allows us to learn the moves of the market, and when prices drop then one can accumulate some good coins and wait for them to go up once again.
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I don't really understand the world of psychology like that, but I think it could happen...
I once tried to be a daily trader, when it failed my curiosity ended, because it hit me quite hard...
But I'm sure there are people who still persist even though it hurts... to call it addiction, I'm not sure it's because of addiction, because addiction is only for people who like an activity or object... and maybe only a few people are addicted to the headache of understanding the world of trading.
Usually they look too much at the benefits they can get, so they ignore the risks they can get too, and even the risks are very big. Chasing something that has a very big risk is where the mistake lies, so they don't apply financial management and others.
I understand that everyone wants profit, but we also have to be able to adjust to how much risk we can bear. Many people end up forcing themselves, and from forcing it, something even more serious happens that can disturb our mentality.
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Usually my trading habit right now only when market drop although monitoring market every day but keep patience waiting for when price really dropped.
I believe that's a good approach to trading because monitoring the market doesn't cost anything but it allows us to learn the moves of the market, and when prices drop then one can accumulate some good coins and wait for them to go up once again.
Yeah, you would never know where the dip ends and rally up begins, however, you can always try with the money you are willing to spend. That way, you will be able to learn and try something you have on your mind regarding the ideas for the market.
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I don't really understand the world of psychology like that, but I think it could happen...
I once tried to be a daily trader, when it failed my curiosity ended, because it hit me quite hard...
But I'm sure there are people who still persist even though it hurts... to call it addiction, I'm not sure it's because of addiction, because addiction is only for people who like an activity or object... and maybe only a few people are addicted to the headache of understanding the world of trading.
Usually they look too much at the benefits they can get, so they ignore the risks they can get too, and even the risks are very big. Chasing something that has a very big risk is where the mistake lies, so they don't apply financial management and others.
I understand that everyone wants profit, but we also have to be able to adjust to how much risk we can bear. Many people end up forcing themselves, and from forcing it, something even more serious happens that can disturb our mentality.
that is the function of risk management in trading, because we understand that in trading we will be faced with great risks, especially daily trading. but if we experience failure and stop learning is a bad thing, we should continue to learn to train skills and improve analysis so as not to experience similar failures. because a professional trader does not give up easily and will always try to achieve success.
We must take the smallest risk so as not to lose, although people say the greater the risk the greater the profit.
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I don't really understand the world of psychology like that, but I think it could happen...
I once tried to be a daily trader, when it failed my curiosity ended, because it hit me quite hard...
But I'm sure there are people who still persist even though it hurts... to call it addiction, I'm not sure it's because of addiction, because addiction is only for people who like an activity or object... and maybe only a few people are addicted to the headache of understanding the world of trading.
Usually they look too much at the benefits they can get, so they ignore the risks they can get too, and even the risks are very big. Chasing something that has a very big risk is where the mistake lies, so they don't apply financial management and others.
I understand that everyone wants profit, but we also have to be able to adjust to how much risk we can bear. Many people end up forcing themselves, and from forcing it, something even more serious happens that can disturb our mentality.
that is the function of risk management in trading, because we understand that in trading we will be faced with great risks, especially daily trading. but if we experience failure and stop learning is a bad thing, we should continue to learn to train skills and improve analysis so as not to experience similar failures. because a professional trader does not give up easily and will always try to achieve success.
We must take the smallest risk so as not to lose, although people say the greater the risk the greater the profit.
It is really like that, and each decides for themselves if they want to take such a risk or not - in any case, putting some limits on your trading sessions wouldn't hurt anybody in the slightest, in my opinion - to the contrary, actually.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
Traders can also become addicted if not to one type of trading then to another they won't leave this habit of making money by investing in coins. There will be many traders trading in the future but left it but still investing in crypto for short and long term opportunities. They won't abandon any earning opportunity if they have learned some of it.
Anyway other than traders anyone can become addicted to anything. A person who is addicted to drinking alcohol can addicted to taking medicine. I trade to make money not to double my money just to make a profit.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
There is no other reason for me to trade crypto except to double my money, yes, although sometimes it works, sometimes it fails. I think everyone has the same reason, but among us there are those who make crypto trading a full-time job, some make it a side job. The addiction is certain, the important thing is that here we get profit.
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Usually they look too much at the benefits they can get, so they ignore the risks they can get too, and even the risks are very big. Chasing something that has a very big risk is where the mistake lies, so they don't apply financial management and others.
I understand that everyone wants profit, but we also have to be able to adjust to how much risk we can bear. Many people end up forcing themselves, and from forcing it, something even more serious happens that can disturb our mentality.
that is the function of risk management in trading, because we understand that in trading we will be faced with great risks, especially daily trading. but if we experience failure and stop learning is a bad thing, we should continue to learn to train skills and improve analysis so as not to experience similar failures. because a professional trader does not give up easily and will always try to achieve success.
We must take the smallest risk so as not to lose, although people say the greater the risk the greater the profit.
Failure is not the end of everything, in fact it is one that cannot be avoided on the journey, so mentality is also needed so that we do not give up just because we feel 1 failure.
A professional trader I am also very sure they have experienced failure, but they do not easily give up just because of the failure they feel. They continue to learn from the mistakes they make, so they can achieve something satisfying.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
If you don't trade to make money, what is it that you are trading for exactly? Trading is not something you can just play off and have fun with, it's requires your time, it requires your experience and it requires your understanding of technical and fundamental analysis in the market. If you are not doing this for the money, then I don't know what to call it.
Whether you trade to make money or you trade to get a financial income, the purpose is the same, money is what brings everyone because nobody in crypto is investing because they want to throw money in the air, it's there hard earn money they want to make profits from which they will. It's because trading is difficult and yet profitable is why many people hold their coins.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
Trading and gambling are not the same. If one wants to double his money by trading, he needs to be very good at training. Because trading is a very complex task. It is not possible to double the money invested here if you want. If one comes to trading with this intention, there is a possibility of huge losses. Because success in trading is not possible without adequate knowledge and skills.But by becoming proficient in trading and acquiring skills you can surely expect double profit from here. And of course everyone hopes to increase their trading capital. But trading cannot be considered gambling. Investing in gambling does not require any skill, it is completely dependent on luck.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
Yes, a trader can also become an addict because if he is addicted to earn excessive profit and trades without following any rules, then he will profit in the short term but in the long term he will definitely suffer which can make him an addict later. Just as greed is the biggest obstacle to winning in gambling, the same can be true in trading. In gambling and trading those who bet or trade with money they cannot afford to lose will both lose. When the trader trades more to minimize his losses, he will lose more. In this way the trader can also become addicted to trading.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
Trading and gambling are not the same. If one wants to double his money by trading, he needs to be very good at training. Because trading is a very complex task. It is not possible to double the money invested here if you want. If one comes to trading with this intention, there is a possibility of huge losses. Because success in trading is not possible without adequate knowledge and skills.But by becoming proficient in trading and acquiring skills you can surely expect double profit from here. And of course everyone hopes to increase their trading capital. But trading cannot be considered gambling. Investing in gambling does not require any skill, it is completely dependent on luck.
I don't find any similarity between trading and gambling because gambling requires luck gambling depends on luck. To make money from trading you need enough knowledge and skill so I think both are different. Some time you lose money from trading. Either some time gain money it totally depends on knowledge and skill. If a person has enough skill about trading then he never seems to face loss but also not always gain while trading. Sometimes gain and other times. One should have adequate understanding of the trade to recover the losses that will occur.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
I think everyone trades to make profit. But if someone loses here, he tries to recover his previous losses and make a new profit, and the profit he makes, he tries to make more profit, due to which trading becomes a daily routine for them. And when a person spends time on a subject continuously for two to three months, he cannot forget it afterwards. The same happens with gambling and trading. Due to which a person who trades for a long period of time becomes addicted to it. And he can't quit trading even if he makes huge losses. These are common issues.
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Why wouldn't we though? I understand most people say its about money, and they are right its about trying to make more money, but also its not unethical thing, its not immoral, its not illegal, so why shouldn't we do something like this if we just want to? We can literally do it for fun, so there is really nothing to worry about when you are trading. If we can do this then there is really nothing to care, and we are free to do whatever we want. I understand there are some issues at times, but this doesn't really feel like we are talking about a thing that takes time, we can assume this is a good thing.
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Addicted to trading? I don’t think that’s a ubiquitous phrase, but maybe many traders are somewhat in denial. Well, if a traitor is doing risk management, I guess that would be a responsible trader, and an addicted one may be different and want to trade even though it’s not assured; they are making it a gamble.
I don’t know. It’s pretty hard to determine if it’s an addiction or not.
I trade because I want to profit, and it’s a side income. I trade using a bot.
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The major reason for trading is to make profits, this can be some other peoples source of income while some may also have some other means through which they are earning their living aside trading, we have to know that trading comes in different forms, strategies and demands also, we have to go through on that particular asset in which we are interested to trade, know much about it and how we could trade under a profitable arena.
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I don't find any similarity between trading and gambling because gambling requires luck gambling depends on luck. To make money from trading you need enough knowledge and skill so I think both are different. Some time you lose money from trading. Either some time gain money it totally depends on knowledge and skill. If a person has enough skill about trading then he never seems to face loss but also not always gain while trading. Sometimes gain and other times. One should have adequate understanding of the trade to recover the losses that will occur.
I am also saying the same thing that trading and gambling are never the same the main difference is that gambling is totally based on luck whereas to earn profit in trading you need to know about trading how to trade how psychological impact on trading know about these later Have to stay. If not, those who will go to trading, I will say that they are going to gamble, not trading.
Because if the above knowledge is not inside someone and he goes to trading then his trading also depends on luck in his case maybe many people do such trading so trading is considered as gambling.
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The major reason for trading is to make profits, this can be some other peoples source of income while some may also have some other means through which they are earning their living aside trading, we have to know that trading comes in different forms, strategies and demands also, we have to go through on that particular asset in which we are interested to trade, know much about it and how we could trade under a profitable arena.
Yes, most people want to trade because they want to get profits. I think there is no other big reasons. Money is surely the main purpose of all traders. People even expect to get regular profits from trading, people do day trading. But there are also people who don't target for regular profits, they trade weekly or even monthly. Sure, people may have different ways in trading, they use varied strategies. However, the main goal is the same, it is for money (profits).
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The major reason for trading is to make profits, this can be some other peoples source of income while some may also have some other means through which they are earning their living aside trading, we have to know that trading comes in different forms, strategies and demands also, we have to go through on that particular asset in which we are interested to trade, know much about it and how we could trade under a profitable arena.
Yes, most people want to trade because they want to get profits. I think there is no other big reasons. Money is surely the main purpose of all traders. People even expect to get regular profits from trading, people do day trading. But there are also people who don't target for regular profits, they trade weekly or even monthly. Sure, people may have different ways in trading, they use varied strategies. However, the main goal is the same, it is for money (profits).
In my opinion, people want to trade because they want to left their jobs so that they can have so much time to do with other things that is important. If you are trading, it doesn't consume so much time and it very accessible at any place even you are travelling as long as there's an internet connection. That's what I think the reason why people trade. But unfortunately, most traders failed because they're not ready enough to face the struggles in their trading journey.
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If you are trading, it doesn't consume so much time and it very accessible at any place even you are travelling as long as there's an internet connection. That's what I think the reason why people trade. But unfortunately, most traders failed because they're not ready enough to face the struggles in their trading journey.
i would agree with trading being accessible however i would not exactly say that it doesn’t consume much time because most traders i know have quit their day jobs to focus on trading because it requires a lot of their attention the market doesn’t close nor open on specific periods of time so the right time to buy/sell might come any time and so you need to be alert at all possible times
it’s very consuming when it comes to time and space in your mind but the good thing is you can work from home or anywhere you want
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
We would be all lying if we do trade just for the sake of fun or whatever reason it would be aside from making money? We are all trying to deal up with a speculative market
just to make profits and this is something that we would really be that prioritizing on what we do make up some trades. It will really be that understandable because we are
all thriving to make profits with the volatility of this market on which this is something a very normal approach to have on dealing up with this space. There are really just
that people who do easily believe that they could do it without any issues not until they would be slapped by the reality and make out those words that they shouldnt have been careless.
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If you are trading, it doesn't consume so much time and it very accessible at any place even you are travelling as long as there's an internet connection. That's what I think the reason why people trade. But unfortunately, most traders failed because they're not ready enough to face the struggles in their trading journey.
i would agree with trading being accessible however i would not exactly say that it doesn’t consume much time because most traders i know have quit their day jobs to focus on trading because it requires a lot of their attention the market doesn’t close nor open on specific periods of time so the right time to buy/sell might come any time and so you need to be alert at all possible times
it’s very consuming when it comes to time and space in your mind but the good thing is you can work from home or anywhere you want
Totally. It's important to remember that if you want results - you should work hard, and put much effort into it.
Otherwise, don't think about it in terms of a good profit or changing your life - it's not a magic wand. The market is cunning and cruel to newbies especially.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
Everyone trades with the hope of profit and no one ever wants to lose money. Losing trades lose money and they try hard to recover the loss and sometimes succeed. Some people are addicted to gambling and some are addicted to trading. But there is a risk of loss in trading, but there is a big difference between the two. Sometimes it is possible to gain a huge amount of money from gambling and sometimes there is a risk of losing all the money. But there is no such risk in trading that you lose all the money.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
Everyone trades with the hope of profit and no one ever wants to lose money. Losing trades lose money and they try hard to recover the loss and sometimes succeed. Some people are addicted to gambling and some are addicted to trading. But there is a risk of loss in trading, but there is a big difference between the two. Sometimes it is possible to gain a huge amount of money from gambling and sometimes there is a risk of losing all the money. But there is no such risk in trading that you lose all the money.
..If you lose stop losses, that is.
Otherwise, you are screwed both in trading and gambling sessions alike ;D
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
Everyone trades with the hope of profit and no one ever wants to lose money. Losing trades lose money and they try hard to recover the loss and sometimes succeed. Some people are addicted to gambling and some are addicted to trading. But there is a risk of loss in trading, but there is a big difference between the two. Sometimes it is possible to gain a huge amount of money from gambling and sometimes there is a risk of losing all the money. But there is no such risk in trading that you lose all the money.
Though I have seen someone who is so addicted to trading where he was able to control his emotions and mental thinking that when keep trading and do not succeed the next is to take a break and then restrategized on the best technique to trade excellently than, funding his account and losing them entirely. He do trades on binary options and he wasn't winning as he felt but ended up losing heavily.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
Everyone trades with the hope of profit and no one ever wants to lose money. Losing trades lose money and they try hard to recover the loss and sometimes succeed. Some people are addicted to gambling and some are addicted to trading. But there is a risk of loss in trading, but there is a big difference between the two. Sometimes it is possible to gain a huge amount of money from gambling and sometimes there is a risk of losing all the money. But there is no such risk in trading that you lose all the money.
Though I have seen someone who is so addicted to trading where he was able to control his emotions and mental thinking that when keep trading and do not succeed the next is to take a break and then restrategized on the best technique to trade excellently than, funding his account and losing them entirely. He do trades on binary options and he wasn't winning as he felt but ended up losing heavily.
I also have a friend who is addicted to trading and always focuses on doing daily trading by always practicing to have good skills and expertise in trading. Can plan a good strategy and make fundamental and technical analysis to support the strategy he planned. and it cannot be mastered quickly and must require long experience and always learn from mistakes.
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I also have a friend who is addicted to trading and always focuses on doing daily trading by always practicing to have good skills and expertise in trading. Can plan a good strategy and make fundamental and technical analysis to support the strategy he planned. and it cannot be mastered quickly and must require long experience and always learn from mistakes.
I think we all have one or two acquaintances who are as addicted to trading as gambling.
I also have a known person but like your friend he did not do well his loss is more than his profit. The main problem of the person I know is that he has not yet fully mastered the trading analysis skill, even then he is investing and he is not only spot trading but he is also trading future. The result is that he is constantly increasing the amount of his losses. I have repeatedly warned him and told him to learn analysis first then go to trading but he went straight to investment without trying demo trading or anything else. As a result he is now addicted to trading like gambling.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
Everyone trades with the hope of profit and no one ever wants to lose money. Losing trades lose money and they try hard to recover the loss and sometimes succeed. Some people are addicted to gambling and some are addicted to trading. But there is a risk of loss in trading, but there is a big difference between the two. Sometimes it is possible to gain a huge amount of money from gambling and sometimes there is a risk of losing all the money. But there is no such risk in trading that you lose all the money.
Though I have seen someone who is so addicted to trading where he was able to control his emotions and mental thinking that when keep trading and do not succeed the next is to take a break and then restrategized on the best technique to trade excellently than, funding his account and losing them entirely. He do trades on binary options and he wasn't winning as he felt but ended up losing heavily.
I also have a friend who is addicted to trading and always focuses on doing daily trading by always practicing to have good skills and expertise in trading. Can plan a good strategy and make fundamental and technical analysis to support the strategy he planned. and it cannot be mastered quickly and must require long experience and always learn from mistakes.
Spot trading is actually very easy unlike the binary trading or forex trade, there are lots of people who has been trading crypto but can't trade on forex market, and they can't also trade on binary options as well due to higher volatility of the market.
So trading differs and there risk level also differs from each of others as well.
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I also have a friend who is addicted to trading and always focuses on doing daily trading by always practicing to have good skills and expertise in trading. Can plan a good strategy and make fundamental and technical analysis to support the strategy he planned. and it cannot be mastered quickly and must require long experience and always learn from mistakes.
I don't know if it is included as addicted when really entering into trading and as a professional trader? because usually, they make trading as their professional activity and job, so they will do it with all their heart, I have some friends who are totally in trading because their job is trading, full time trading, and they are not addicted to trading, because it does make money and change their lives, but they can still manage everything well, and know when or when to trade.
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For me I would like to early retirement from my job life as we know from job we can't be a rich 🤑 so my first priority is like to be a wealthy so I can live my life freedom.
For that reason I choose trading or investing for fullfill my dreams.
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Addiction and professional job doesn't have to be separate things, you could have both of them at the same time. I mean your job could be your addiction as well. Not all addictions are bad addictions, people do not realize this but the meaning of addiction is doing something constantly and feeling terrible when you don't. So something as healthy as walking 30+ minutes a day could be an addiction if you feel horrible when you don't, like as in the day is ruined if you don't type of mentality means its addiction, doesn't have to be for a bad thing. If trading is an addiction to you, then you could be a terrible trader losing a lot of money or a professional one making a lot of money and we can both consider them addictions.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
I think everyone trades to make profit. But if someone loses here, he tries to recover his previous losses and make a new profit, and the profit he makes, he tries to make more profit, due to which trading becomes a daily routine for them. And when a person spends time on a subject continuously for two to three months, he cannot forget it afterwards. The same happens with gambling and trading. Due to which a person who trades for a long period of time becomes addicted to it. And he can't quit trading even if he makes huge losses. These are common issues.
At this point we can say that person has gotten addicted to trading and of course addiction is just something that most doesn't know how it easily comes while trading. Even those who got addicted while gambling doesn't know they are gradually getting addicted while gambling and when they noticed it would be very late for them to make an adjustment or changes from their previous attitudes. Most times we need to take a proper check of our trading lives and characters to know whether we are absolutely right or deviating from our previous lifestyle.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
I think everyone trades to make profit. But if someone loses here, he tries to recover his previous losses and make a new profit, and the profit he makes, he tries to make more profit, due to which trading becomes a daily routine for them. And when a person spends time on a subject continuously for two to three months, he cannot forget it afterwards. The same happens with gambling and trading. Due to which a person who trades for a long period of time becomes addicted to it. And he can't quit trading even if he makes huge losses. These are common issues.
At this point we can say that person has gotten addicted to trading and of course addiction is just something that most doesn't know how it easily comes while trading. Even those who got addicted while gambling doesn't know they are gradually getting addicted while gambling and when they noticed it would be very late for them to make an adjustment or changes from their previous attitudes. Most times we need to take a proper check of our trading lives and characters to know whether we are absolutely right or deviating from our previous lifestyle.
Indeed trading addition is possible without noting it, and often this is similar to violating the gambling addition, when a man becomes too involved into this process. We need to take time to review our trading behaviour and ethical standards once in awhile. They allow us to recognize faster whether we are starting to rely solely on trading and when emotions like, for instance, fear or greed are taken to the forefront. If we admit there are signs of possibly being an addict such as having the urge to trade or going after losses then it is high time we stepped back and analyzed our plan and mentality. Here, we have laid measures such that the social flow of trading remains a balanced and healthy one between work and trading.
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I also have a friend who is addicted to trading and always focuses on doing daily trading by always practicing to have good skills and expertise in trading. Can plan a good strategy and make fundamental and technical analysis to support the strategy he planned. and it cannot be mastered quickly and must require long experience and always learn from mistakes.
Is someone like him called an addict? If you think in that way, every day trader will be called as addict. I think he isn't addicted, he is a true day trader. As long as someone can trade in the right way, he isn't an addict but a trader who do his job in a proper way. Someone is called as an addict if he is starting doing something illogically. In my opinion, your friend is a professional trader, he has good ability as a day trader.
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I also have a friend who is addicted to trading and always focuses on doing daily trading by always practicing to have good skills and expertise in trading. Can plan a good strategy and make fundamental and technical analysis to support the strategy he planned. and it cannot be mastered quickly and must require long experience and always learn from mistakes.
Is someone like him called an addict? If you think in that way, every day trader will be called as addict. I think he isn't addicted, he is a true day trader. As long as someone can trade in the right way, he isn't an addict but a trader who do his job in a proper way. Someone is called as an addict if he is starting doing something illogically. In my opinion, your friend is a professional trader, he has good ability as a day trader.
Well, It is wrong to regard a person as an addict because this individual often engages in trades, if the matter is addressed with certain precautions and calculated. In my opinion this signifies that if a person has the opportunity to trade correctly then they are trading perfectly like a dedicated day trader not just a mere addict. Addiction means that a person starts to do something over and over, without thinking about what will happen next, while a professional trader always thinks about the market and makes smart choices. So if your friend shows they can handle risk and develop a good strategy then you get the picture that this is a professional trader in their line of business, not a drug addict.
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I also have a friend who is addicted to trading and always focuses on doing daily trading by always practicing to have good skills and expertise in trading. Can plan a good strategy and make fundamental and technical analysis to support the strategy he planned. and it cannot be mastered quickly and must require long experience and always learn from mistakes.
Is someone like him called an addict? If you think in that way, every day trader will be called as addict. I think he isn't addicted, he is a true day trader. As long as someone can trade in the right way, he isn't an addict but a trader who do his job in a proper way. Someone is called as an addict if he is starting doing something illogically. In my opinion, your friend is a professional trader, he has good ability as a day trader.
Well, It is wrong to regard a person as an addict because this individual often engages in trades, if the matter is addressed with certain precautions and calculated. In my opinion this signifies that if a person has the opportunity to trade correctly then they are trading perfectly like a dedicated day trader not just a mere addict. Addiction means that a person starts to do something over and over, without thinking about what will happen next, while a professional trader always thinks about the market and makes smart choices. So if your friend shows they can handle risk and develop a good strategy then you get the picture that this is a professional trader in their line of business, not a drug addict.
A trader - tries - to read the market like a book, but sometimes, it's not going like that.
In that case, it's important to have a break, rather than trying to "avenge" the market, sorta ;D
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I also have a friend who is addicted to trading and always focuses on doing daily trading by always practicing to have good skills and expertise in trading. Can plan a good strategy and make fundamental and technical analysis to support the strategy he planned. and it cannot be mastered quickly and must require long experience and always learn from mistakes.
Is someone like him called an addict? If you think in that way, every day trader will be called as addict. I think he isn't addicted, he is a true day trader. As long as someone can trade in the right way, he isn't an addict but a trader who do his job in a proper way. Someone is called as an addict if he is starting doing something illogically. In my opinion, your friend is a professional trader, he has good ability as a day trader.
Well, It is wrong to regard a person as an addict because this individual often engages in trades, if the matter is addressed with certain precautions and calculated. In my opinion this signifies that if a person has the opportunity to trade correctly then they are trading perfectly like a dedicated day trader not just a mere addict. Addiction means that a person starts to do something over and over, without thinking about what will happen next, while a professional trader always thinks about the market and makes smart choices. So if your friend shows they can handle risk and develop a good strategy then you get the picture that this is a professional trader in their line of business, not a drug addict.
Although we believe that trading from time to time, especially having a certain strategy in mind is professional, there is a possibility this activity will transform into an addiction. We sometimes get too enmeshed with the market to the extent that we get swayed by short term market sentiments. If we believe that we can handle risk, sharp market swings condition us for a never-ending stream of invitations to make less than fully rational choices. Finally, what separates controlled trading from reckless overtrading may be very thin if we are not careful.
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I also have a friend who is addicted to trading and always focuses on doing daily trading by always practicing to have good skills and expertise in trading. Can plan a good strategy and make fundamental and technical analysis to support the strategy he planned. and it cannot be mastered quickly and must require long experience and always learn from mistakes.
Is someone like him called an addict? If you think in that way, every day trader will be called as addict. I think he isn't addicted, he is a true day trader. As long as someone can trade in the right way, he isn't an addict but a trader who do his job in a proper way. Someone is called as an addict if he is starting doing something illogically. In my opinion, your friend is a professional trader, he has good ability as a day trader.
Well, It is wrong to regard a person as an addict because this individual often engages in trades, if the matter is addressed with certain precautions and calculated. In my opinion this signifies that if a person has the opportunity to trade correctly then they are trading perfectly like a dedicated day trader not just a mere addict. Addiction means that a person starts to do something over and over, without thinking about what will happen next, while a professional trader always thinks about the market and makes smart choices. So if your friend shows they can handle risk and develop a good strategy then you get the picture that this is a professional trader in their line of business, not a drug addict.
Although we believe that trading from time to time, especially having a certain strategy in mind is professional, there is a possibility this activity will transform into an addiction. We sometimes get too enmeshed with the market to the extent that we get swayed by short term market sentiments. If we believe that we can handle risk, sharp market swings condition us for a never-ending stream of invitations to make less than fully rational choices. Finally, what separates controlled trading from reckless overtrading may be very thin if we are not careful.
Simply put - if you are responsible, you will use the tools to limit your sessions while trading.
If not - your loss, really.
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A trader - tries - to read the market like a book, but sometimes, it's not going like that.
In that case, it's important to have a break, rather than trying to "avenge" the market, sorta ;D
You are right about that, I could say that when it becomes a little heavy to understand the market it is better to wait, be patient and do things better, I could say that I have had to do it, sometimes clearing the mind a little works, sometimes analyzing the movements with a cool head can give us an idea of what can be generated in learning, but having a cool head, I am like that in trading, I do not only trade with btc, I also trade with binary options, and in these days due to lack of concentration I lost in a very foolish way.
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A trader - tries - to read the market like a book, but sometimes, it's not going like that.
In that case, it's important to have a break, rather than trying to "avenge" the market, sorta ;D
You are right about that, I could say that when it becomes a little heavy to understand the market it is better to wait, be patient and do things better, I could say that I have had to do it, sometimes clearing the mind a little works, sometimes analyzing the movements with a cool head can give us an idea of what can be generated in learning, but having a cool head, I am like that in trading, I do not only trade with btc, I also trade with binary options, and in these days due to lack of concentration I lost in a very foolish way.
I also feel the same way, when I feel heavy to understand the market condition I will stop and refresh and not force myself. I will wait until I have a clear mind and can make analysis then plan a strategy and make an investment.
I also often have difficulty seeing the market because it seems like the market movement is difficult to analyze, and I decide to drink coffee and stay away from the exchange.
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A trader - tries - to read the market like a book, but sometimes, it's not going like that.
In that case, it's important to have a break, rather than trying to "avenge" the market, sorta ;D
because the level of emotion will increase, especially if the price continues to fall, and has not taken any profit, analysis after analysis cannot be used as a 100% reference in trading practice, instinct and not being greedy are the main keys in trading
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In my opinion, people want to trade because they want to left their jobs so that they can have so much time to do with other things that is important. If you are trading, it doesn't consume so much time and it very accessible at any place even you are travelling as long as there's an internet connection. That's what I think the reason why people trade. But unfortunately, most traders failed because they're not ready enough to face the struggles in their trading journey.
It is not recommended to leave our jobs. I think it is not really necessary to use all time to trade. Trading can be done while we are working our real jobs. I also trade but I never trade the whole day, I just use few hours to trade. I think it is enough to trade in few hours, there is no need to trade for the whole day. When the market is in red, I also prefer to stop trading. So, I don't trade every time, I choose the right time to trade.
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In my opinion, people want to trade because they want to left their jobs so that they can have so much time to do with other things that is important. If you are trading, it doesn't consume so much time and it very accessible at any place even you are travelling as long as there's an internet connection. That's what I think the reason why people trade. But unfortunately, most traders failed because they're not ready enough to face the struggles in their trading journey.
It is not recommended to leave our jobs. I think it is not really necessary to use all time to trade. Trading can be done while we are working our real jobs. I also trade but I never trade the whole day, I just use few hours to trade. I think it is enough to trade in few hours, there is no need to trade for the whole day. When the market is in red, I also prefer to stop trading. So, I don't trade every time, I choose the right time to trade.
So we can understand how valuable it is to have a balance of trading and main working activities. It is efficient to use the available time and get as involved in the market as we need to be without having to giving up other duties. By manipulating the trading time or the time we dedicate to investing we can do it with more concentration and serenity. Moreover, getting out when the market is bearish is the best decision, as we lose not a penny and can invest at a better time.
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So we can understand how valuable it is to have a balance of trading and main working activities. It is efficient to use the available time and get as involved in the market as we need to be without having to giving up other duties. By manipulating the trading time or the time we dedicate to investing we can do it with more concentration and serenity. Moreover, getting out when the market is bearish is the best decision, as we lose not a penny and can invest at a better time.
It's easy to say but in practice, your psychology will really come into play.
The plan to exit the bear market and buy when the price is lower will not go according to plan when you follow the FOMO too much and buy at a high price, it will be quite a burden for you.
You really have to be able to control the psychology of trading well, don't follow FOMO too much and do the right management.
And about the time balance between trading and the main work activity, it can be adjusted according to the main work activity, do not let the main job be abandoned because the main job is a source of income that needs to be maintained for the continuity of your investment.
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So we can understand how valuable it is to have a balance of trading and main working activities. It is efficient to use the available time and get as involved in the market as we need to be without having to giving up other duties. By manipulating the trading time or the time we dedicate to investing we can do it with more concentration and serenity. Moreover, getting out when the market is bearish is the best decision, as we lose not a penny and can invest at a better time.
It's easy to say but in practice, your psychology will really come into play.
The plan to exit the bear market and buy when the price is lower will not go according to plan when you follow the FOMO too much and buy at a high price, it will be quite a burden for you.
You really have to be able to control the psychology of trading well, don't follow FOMO too much and do the right management.
And about the time balance between trading and the main work activity, it can be adjusted according to the main work activity, do not let the main job be abandoned because the main job is a source of income that needs to be maintained for the continuity of your investment.
Your suggestion is very good, I agree with you. If we trade and have a main job, don't let our trading interfere with our main job in the real world. Because the main job is important enough to meet our living needs.
Investing in crypto is another job so we can get additional income.
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I also feel the same way, when I feel heavy to understand the market condition I will stop and refresh and not force myself. I will wait until I have a clear mind and can make analysis then plan a strategy and make an investment.
I also often have difficulty seeing the market because it seems like the market movement is difficult to analyze, and I decide to drink coffee and stay away from the exchange.
In fact you do very well, because basically when one is blocked or sees the good entries to the market and one is in a cycle that is difficult to break, sometimes a coffee, a day that one gives oneself can clear the mind and can have a better vision of the market, I have also done the same, now I do another type of trading that is at 1 minute, it is a trade that is sometimes hard to do, but when I have already had 2 or 3 bad operations, I do not continue doing more trading, because I am already overwhelmed with analysis and I have analyzed everything badly, with the losses that I have, well, I have learned, sometimes mistakes that one makes to do the operations quickly and it is something that is even more annoying.
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Your suggestion is very good, I agree with you. If we trade and have a main job, don't let our trading interfere with our main job in the real world. Because the main job is important enough to meet our living needs.
Investing in crypto is another job so we can get additional income.
As if a side job will only take a little of our time and only take some time to set it up.
I've been doing a job in crypto for quite some time and it's been my best side hustle.
Even though it is said to be a side job, the results provided exceed my salary as an employee.
But in the end I am now a full crypto worker and not a side job anymore but a main job.
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Your suggestion is very good, I agree with you. If we trade and have a main job, don't let our trading interfere with our main job in the real world. Because the main job is important enough to meet our living needs.
Investing in crypto is another job so we can get additional income.
As if a side job will only take a little of our time and only take some time to set it up.
I've been doing a job in crypto for quite some time and it's been my best side hustle.
Even though it is said to be a side job, the results provided exceed my salary as an employee.
But in the end I am now a full crypto worker and not a side job anymore but a main job.
As was with me the first time when I met Crypto, it looked like working in crypto field as a side job that just requires a little time and yet yields highly satisfying outcomes. Gradually, this provided than just an additional offer, more than our primary source of income.
We have now gone fully to crypto as our major work or business. This is a profession that was developed out of a secondary source of income and has now become our primary source of income so we are extremely committed to it.
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We have now gone fully to crypto as our major work or business. This is a profession that was developed out of a secondary source of income and has now become our primary source of income so we are extremely committed to it.
Just like what you do now, crypto is my main source of income now and it makes me earn more than I did when I worked for other companies.
A side hustle that was built from a side job, with some capital that was not too much at first and I was able to grow it because I bought some coins including BTC and ETH which I then held for about 1-2 years and it gave quite an incredible profit and made my portfolio grow even more.
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We have now gone fully to crypto as our major work or business. This is a profession that was developed out of a secondary source of income and has now become our primary source of income so we are extremely committed to it.
Just like what you do now, crypto is my main source of income now and it makes me earn more than I did when I worked for other companies.
A side hustle that was built from a side job, with some capital that was not too much at first and I was able to grow it because I bought some coins including BTC and ETH which I then held for about 1-2 years and it gave quite an incredible profit and made my portfolio grow even more.
Crypto is definitely able to provide better income than other sectors. We all trade or hold, both with the objective of making profit. I haven't found anyone who trains for fun, everyone's main objective in trading is to make an income. And crypto is the source of mine income for many like you. So we can say that trading is one of the best sources of our income. At one time we didn't think much about crypto but now it has become a very popular means of income
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We have now gone fully to crypto as our major work or business. This is a profession that was developed out of a secondary source of income and has now become our primary source of income so we are extremely committed to it.
Just like what you do now, crypto is my main source of income now and it makes me earn more than I did when I worked for other companies.
A side hustle that was built from a side job, with some capital that was not too much at first and I was able to grow it because I bought some coins including BTC and ETH which I then held for about 1-2 years and it gave quite an incredible profit and made my portfolio grow even more.
Crypto is definitely able to provide better income than other sectors. We all trade or hold, both with the objective of making profit. I haven't found anyone who trains for fun, everyone's main objective in trading is to make an income. And crypto is the source of mine income for many like you. So we can say that trading is one of the best sources of our income. At one time we didn't think much about crypto but now it has become a very popular means of income
We can do many ways to benefit from Crypto, become a trader or holder both are also good and can bring profits.
Even if you have equipment to do this mining, this is also a good way to get a profit.
For those who do not have capital can participate in Airdrop and Bounty Campaign, this is also worth.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
Trading is unlike gambling, you wouldn't get addicted. But crypto trading is very risky, because of price fluctuation. That's why most people lose money. Gaining experience is the key to success in trading.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
Trading is unlike gambling, you wouldn't get addicted. But crypto trading is very risky, because of price fluctuation. That's why most people lose money. Gaining experience is the key to success in trading.
Yes we know cryptocurrency trading is very risky but it also true that huge profit is possible from this this currency Trading. Fluctuation in this market is bigger than other market. But experienced trader can get huge profit from this market.
So to profit from crypto trading need patience, who will excited to tread crypto you will unable to get profit. But who will hold his fund patiently he will be profited today or tomorrow there has no doubt.
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So we can understand how valuable it is to have a balance of trading and main working activities. It is efficient to use the available time and get as involved in the market as we need to be without having to giving up other duties. By manipulating the trading time or the time we dedicate to investing we can do it with more concentration and serenity. Moreover, getting out when the market is bearish is the best decision, as we lose not a penny and can invest at a better time.
Just use your free time to trade, it doesn't require the whole day. I don't understand with the term of manipulating time you stated above. I think we just need to divide the time if you are quite busy. Anyway, it is not a must to trade every day, you can trade whenever you want. You even can trade once a week if you have no much time for trading. Well, if you are experienced enough, you actually can get profits both in bearish and bullish season. So, you don't need to quite whenever there is bearish market.
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Trading is unlike gambling, you wouldn't get addicted. But crypto trading is very risky, because of price fluctuation. That's why most people lose money. Gaining experience is the key to success in trading.
Well trading can likely be addictive just like gambling because whatever thing people does on a regular basis they easily gets addicted due to the constant trading with the desire to reach some specific amount of trade as profits, whereas trading regularly with altcoin is also another huge risk because the lose ratio is higher than that of bitcoin.
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I am trading for money. We know From cryptocurrency trading huge profit possible. Dorm another market cryptocurrency market is best for trading. Fluctuations rate is biggest In cryptocurrency market then another market. Now a days our earning source is very poor, after pandemic huge people has been unemployed so they are trying to earn money from trading. I am also trading cryptocurrency for earning money to maintain my family.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
Trading is unlike gambling, you wouldn't get addicted. But crypto trading is very risky, because of price fluctuation. That's why most people lose money. Gaining experience is the key to success in trading.
Yes we know cryptocurrency trading is very risky but it also true that huge profit is possible from this this currency Trading. Fluctuation in this market is bigger than other market. But experienced trader can get huge profit from this market.
So to profit from crypto trading need patience, who will excited to tread crypto you will unable to get profit. But who will hold his fund patiently he will be profited today or tomorrow there has no doubt.
Cryptocurrency trading is just like someone who is gambling but must be vigilant and trading with the market trend because they are mostly over hyped and if not followed through marketing and you decide to hold it may decide to dump on you whereby living with worthless token.
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The reason behind every trade is to make profit, i see it not of much relevant when we are not able to achieve this any longer when trading, it is also important that we run a check to see some of the reasons behind the limitation to why are trades remain unprofitable, have we equipped ourself with the necessary trading skills or we are just making attempts on trial by error methods to trade.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
Trading is unlike gambling, you wouldn't get addicted. But crypto trading is very risky, because of price fluctuation. That's why most people lose money. Gaining experience is the key to success in trading.
Yes we know cryptocurrency trading is very risky but it also true that huge profit is possible from this this currency Trading. Fluctuation in this market is bigger than other market. But experienced trader can get huge profit from this market.
So to profit from crypto trading need patience, who will excited to tread crypto you will unable to get profit. But who will hold his fund patiently he will be profited today or tomorrow there has no doubt.
Yes that is it because when you have experience in trading you can always utilize the market whenever the market is is up but most people does not follow the market the way it is going when you have experience you would always take profit, maybe when the market drops you buy again and hold to watch when the market go up a little after which you can sell to take profit again with this gradual process you can actually accumulate profit for long run.
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Yes that is it because when you have experience in trading you can always utilize the market whenever the market is is up but most people does not follow the market the way it is going when you have experience you would always take profit, maybe when the market drops you buy again and hold to watch when the market go up a little after which you can sell to take profit again with this gradual process you can actually accumulate profit for long run.
The fact of having experience in trading does help us in analyzing the market and react to every chance that appears. If we can read the market forces we can go along with the trend at the right pace when it is on an upward trend. Looking at the prices therefore means that there are chances to profit when price movements are closely examined despite volatility. In this case, the experience not only helps us identify what happens, but even calm us when we have to decide even in every changing condition.
However, not everyone is familiar with such rhythm and pattern. At this case, if we do not make a deeper understanding, it’s easy to be influenced by our feelings or be hasty which will be detrimental to ourselves. I translated ‘patience’ as the ability to look out for the ‘big picture’ in assets and the fortitude needed to stay in or get back into positions when things are going south, Mr. Market’s favorite time. Thus, profits will continue to be realised in the future. It is possible to make trading a way to achieve the best outcomes by being aware in depth and keeping a similar approach.
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Reason whether doing trading here in cryptocurrency or bitcoin? We all know the answer to this question, and the answer to the question made on this topic is also the reason why there are many airdrops and various campaign projects or bounty.
Now is trading as a crypto trader addictive? If we know how to get profit from trading here, it is possible if I consider it really addictive. But there are other traders who do it as a normal or typical passive income or job.
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Reason whether doing trading here in cryptocurrency or bitcoin? We all know the answer to this question, and the answer to the question made on this topic is also the reason why there are many airdrops and various campaign projects or bounty.
Now is trading as a crypto trader addictive? If we know how to get profit from trading here, it is possible if I consider it really addictive. But there are other traders who do it as a normal or typical passive income or job.
I am among those who have experienced when trading because I consider trading is a way to get a profit that we can use to add assets and additional income from our work in the real world. Although in trading we don't always win but I can get a higher profit than the defeat that I suffered.
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Reason whether doing trading here in cryptocurrency or bitcoin? We all know the answer to this question, and the answer to the question made on this topic is also the reason why there are many airdrops and various campaign projects or bounty.
Now is trading as a crypto trader addictive? If we know how to get profit from trading here, it is possible if I consider it really addictive. But there are other traders who do it as a normal or typical passive income or job.
Crypto trading, particularly in Bitcoin, is unique since it offers great returns on investment, and this is what some distinctivities that prompt many activities like airdrops and bounty campaigns are in essence. In rather as for some of us this trading can be an interesting and even exotic business, especially when the first profit appears. But there are also those among us who consider it as merely supplementary income or a steady employment, which is not an ordinary nine-to-five, but which does not require deep feelings either.
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maybe when the market drops you buy again and hold to watch when the market go up a little after which you can sell to take profit again with this gradual process you can actually accumulate profit for long run.
When a market is in a tailspin, there are many traders who open their short positions and enter with extreme leverage and according to them they earn much more there than when the market is long, of course this is a fact that things can turn out for the better when we as good traders understand this thanks to experience and although I have this theory clear, the truth is I would be very afraid to open a short position with a leverage greater than 10x, that would really scare me, but that fear is what we must remove no matter what.
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maybe when the market drops you buy again and hold to watch when the market go up a little after which you can sell to take profit again with this gradual process you can actually accumulate profit for long run.
When a market is in a tailspin, there are many traders who open their short positions and enter with extreme leverage and according to them they earn much more there than when the market is long, of course this is a fact that things can turn out for the better when we as good traders understand this thanks to experience and although I have this theory clear, the truth is I would be very afraid to open a short position with a leverage greater than 10x, that would really scare me, but that fear is what we must remove no matter what.
when the market is down, I do not use the short method but I prefer the long method because I buy a low price and hold it, because usually the price will struggle and take a long time to rise.
Each trader has a different strategy according to his skills and the analysis he uses.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
I don’t think so either. A trader can only become addicted to gambling only if they become very profitable at it. The way the psychology is being tempted during trading is different from the way it those to gamblers. There is a distinct difference between this two. One requires you get the knowledge before placing trades and become profitable, while the other only require that you get little to no knowledge about it and just predict and place a game. To my own understanding, they can’t be compared. I haven’t seen a trader so addicted to trading and they’re always in a loss but I’ve seen gamblers on a losing streak and still continues to gamble. They may have something in similar but what differentiates them is far more bigger than what make them to be similar.
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maybe when the market drops you buy again and hold to watch when the market go up a little after which you can sell to take profit again with this gradual process you can actually accumulate profit for long run.
When a market is in a tailspin, there are many traders who open their short positions and enter with extreme leverage and according to them they earn much more there than when the market is long, of course this is a fact that things can turn out for the better when we as good traders understand this thanks to experience and although I have this theory clear, the truth is I would be very afraid to open a short position with a leverage greater than 10x, that would really scare me, but that fear is what we must remove no matter what.
when the market is down, I do not use the short method but I prefer the long method because I buy a low price and hold it, because usually the price will struggle and take a long time to rise.
Each trader has a different strategy according to his skills and the analysis he uses.
If the market is down I prefer scalping to buy some potential coins that I will hold until the market recovers and I will sell them for profit. That's what I did when the market was correcting.
There are also traders who see the market going down, they stop trading and wait for the market to improve again, I think it depends on our respective experiences in trading.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
The truth is that every trader comes to the market with the intention of making profit so profit is the main goal about trading both in the crypto and forex market so any one not agreeing to this fact is not saying the truth personally speaking anything I do that I don't make profit at the end of the day I don't do it, then talking about addiction trading don't make people to be addicted what you should talk about in trading is people not looking at the market flow before putting in their money to start a trade so they will likely lose so when that happens they'll like to get their money back by starting a new trade again and again so I can call it greed in the part of the trader but we can't call it addiction
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
My straight answer is to get profit in doing trade, there is no other reason, it is the same in the traditional way of business, that's why they are called traders, right? You buy at a low price and then you sell at a high price, that's the simple cycle of trading whether crypto, stockmarket, forex and so on.
Now your question is is it addictive? maybe it's addictive to trade if most of the time you get profit from it, of course you will repeat the strategy you are doing because you know that something will be blessed or expected, don't trade if you hesitate.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
My straight answer is to get profit in doing trade, there is no other reason, it is the same in the traditional way of business, that's why they are called traders, right? You buy at a low price and then you sell at a high price, that's the simple cycle of trading whether crypto, stockmarket, forex and so on.
Now your question is is it addictive? maybe it's addictive to trade if most of the time you get profit from it, of course you will repeat the strategy you are doing because you know that something will be blessed or expected, don't trade if you hesitate.
of course we will be addicted to trading if the trade we do always brings profit. The basic concept of trading is to buy at a low price and sell it at a higher price and do it repeatedly. People who do that and the victory is higher than the defeat of course they will be addicted to always improve strategies and train skills in order to get maximum results.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
I don’t think so either. A trader can only become addicted to gambling only if they become very profitable at it. The way the psychology is being tempted during trading is different from the way it those to gamblers. There is a distinct difference between this two. One requires you get the knowledge before placing trades and become profitable, while the other only require that you get little to no knowledge about it and just predict and place a game. To my own understanding, they can’t be compared. I haven’t seen a trader so addicted to trading and they’re always in a loss but I’ve seen gamblers on a losing streak and still continues to gamble. They may have something in similar but what differentiates them is far more bigger than what make them to be similar.
Well you are right in your opinion and yes I agreed with you, but at some point it's arguably because when you look at the somethings around that causes addiction trading is even more than a enough to cause addiction because it's a continuous something that attracts people to involve themselves. If you want to look it the other way round you will also know that addiction is something that is too hard to become, and if may understand what is addiction; you would see that trading is also that can cause addiction to the natural and financial benefits from it.
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I don’t think so either. A trader can only become addicted to gambling only if they become very profitable at it. The way the psychology is being tempted during trading is different from the way it those to gamblers. There is a distinct difference between this two. One requires you get the knowledge before placing trades and become profitable, while the other only require that you get little to no knowledge about it and just predict and place a game. To my own understanding, they can’t be compared. I haven’t seen a trader so addicted to trading and they’re always in a loss but I’ve seen gamblers on a losing streak and still continues to gamble. They may have something in similar but what differentiates them is far more bigger than what make them to be similar.
Well you are right in your opinion and yes I agreed with you, but at some point it's arguably because when you look at the somethings around that causes addiction trading is even more than a enough to cause addiction because it's a continuous something that attracts people to involve themselves. If you want to look it the other way round you will also know that addiction is something that is too hard to become, and if may understand what is addiction; you would see that trading is also that can cause addiction to the natural and financial benefits from it.
Both can be a very severe addiction to anyone but I was explaining from my own perspective and how I see them. Another person may feel more addicted to gambling than they will when it comes to trading. They are both a way to get people interested in them and the more and the more they are familiar with you, the more you’ll feel the urge to do it again and again. Both of them are risky and they involve big wins and big losses too, if you’ve experienced the winning part just even once, you’ll want to always try again and again to see if you can hit the jackpot. As long as you have money to put into the game, you’ll always be convinced that your next trial will be the lucky one and that’s when the addiction sets in and you won’t be able to separate yourself from it onwards.
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I don’t think so either. A trader can only become addicted to gambling only if they become very profitable at it. The way the psychology is being tempted during trading is different from the way it those to gamblers. There is a distinct difference between this two. One requires you get the knowledge before placing trades and become profitable, while the other only require that you get little to no knowledge about it and just predict and place a game. To my own understanding, they can’t be compared. I haven’t seen a trader so addicted to trading and they’re always in a loss but I’ve seen gamblers on a losing streak and still continues to gamble. They may have something in similar but what differentiates them is far more bigger than what make them to be similar.
Well you are right in your opinion and yes I agreed with you, but at some point it's arguably because when you look at the somethings around that causes addiction trading is even more than a enough to cause addiction because it's a continuous something that attracts people to involve themselves. If you want to look it the other way round you will also know that addiction is something that is too hard to become, and if may understand what is addiction; you would see that trading is also that can cause addiction to the natural and financial benefits from it.
Both can be a very severe addiction to anyone but I was explaining from my own perspective and how I see them. Another person may feel more addicted to gambling than they will when it comes to trading. They are both a way to get people interested in them and the more and the more they are familiar with you, the more you’ll feel the urge to do it again and again. Both of them are risky and they involve big wins and big losses too, if you’ve experienced the winning part just even once, you’ll want to always try again and again to see if you can hit the jackpot. As long as you have money to put into the game, you’ll always be convinced that your next trial will be the lucky one and that’s when the addiction sets in and you won’t be able to separate yourself from it onwards.
For gambling what mostly triggers addiction is the total amount they have spent or lost while gambling and they would try their best to make sure they recover that money by falling more flat for it without them knowing they are gradually becoming addicted. Anyone who can control greed can actually stop from becoming addicted gambler because they won't chase lose while losing much more or even chasing profits while they keep losing more.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
I don't have much knowledge about the trading like I don't know much about the technical analysis and the things I know about the analysis in trading I thing these can be only use for the long term trading and what I have been doing right now. So I am not a short term trader and if I tell one of the big reason for long-term trading in bitcoin is only that we made fixed deposit on banks with the fiat currency for 4 year or more or less than it for earn a good profit or interest from our assets but here if I do the same thing in a circle about by four year there we can have more 4x profit so this is one of the big reason I do the long-term trading.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
I don't have much knowledge about the trading like I don't know much about the technical analysis and the things I know about the analysis in trading I thing these can be only use for the long term trading and what I have been doing right now. So I am not a short term trader and if I tell one of the big reason for long-term trading in bitcoin is only that we made fixed deposit on banks with the fiat currency for 4 year or more or less than it for earn a good profit or interest from our assets but here if I do the same thing in a circle about by four year there we can have more 4x profit so this is one of the big reason I do the long-term trading.
If you have free time, you can start learning to make fundamental and technical analysis, observe market movements and create strategies in trading. Because trading in crypto is quite exciting and I have also started to enjoy trading.
but if you have a busy life in the real world that you can't leave, you should become a long-term holder, this is better.
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If you have free time, you can start learning to make fundamental and technical analysis, observe market movements and create strategies in trading. Because trading in crypto is quite exciting and I have also started to enjoy trading.
but if you have a busy life in the real world that you can't leave, you should become a long-term holder, this is better.
You gave an good suggestion but the problem is I have to handle my study, as well my earning and also my family as I am married and have one child. So things are so complicated for me and what I am earning from online by freelanching almost all my times goes there and study so I don't have much free time to learn the trading analysis especially the technical analysis because it takes lots of time to learn and some times it takes few years. And here I am happy with the long-term strategy with the bitcoin.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
I don't have much knowledge about the trading like I don't know much about the technical analysis and the things I know about the analysis in trading I thing these can be only use for the long term trading and what I have been doing right now. So I am not a short term trader and if I tell one of the big reason for long-term trading in bitcoin is only that we made fixed deposit on banks with the fiat currency for 4 year or more or less than it for earn a good profit or interest from our assets but here if I do the same thing in a circle about by four year there we can have more 4x profit so this is one of the big reason I do the long-term trading.
If you have free time, you can start learning to make fundamental and technical analysis, observe market movements and create strategies in trading. Because trading in crypto is quite exciting and I have also started to enjoy trading.
but if you have a busy life in the real world that you can't leave, you should become a long-term holder, this is better.
I will only encourage bitcoin holding than altcoin holding because altcoin can't be predicted for any reason, so bitcoin is more reliable couples to holding of altcoins and of course holding is fine but what matter's is to have the right coin in your custody than holding of these shitcoin or altcoin with fake promises to gain some so so x in returns, making their investors to have higher trust that their holdings would possibly gives them increase they expected in years to come but at last turns down to be extremely worthless coin.
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I will only encourage bitcoin holding than altcoin holding because altcoin can't be predicted for any reason, so bitcoin is more reliable couples to holding of altcoins and of course holding is fine but what matter's is to have the right coin in your custody than holding of these shitcoin or altcoin with fake promises to gain some so so x in returns, making their investors to have higher trust that their holdings would possibly gives them increase they expected in years to come but at last turns down to be extremely worthless coin.
Bitcoin remains the first choice in investing, but altcoin is a coin that can be used as an alternative to diversify. for those who have knowledge and experience, they also observe the top altcoins and say it can be predicted even though bitcoin remains the safest and least risky choice. but the top altcoins also have a small risk if we are right when entering.
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I will only encourage bitcoin holding than altcoin holding because altcoin can't be predicted for any reason, so bitcoin is more reliable couples to holding of altcoins and of course holding is fine but what matter's is to have the right coin in your custody than holding of these shitcoin or altcoin with fake promises to gain some so so x in returns, making their investors to have higher trust that their holdings would possibly gives them increase they expected in years to come but at last turns down to be extremely worthless coin.
Bitcoin has always been the main investment in the crypto world, and that is no longer debatable. People must and should also think so. While altcoins, this will require deeper research, at least there are some top coins that are quite good and likely have the potential to skyrocket again and survive even though there is a bearish era. These altcoins are Ethereum and also BNB which have gone through a tense bearish era and can still survive and grow so rapidly. While other altcoins, I'm not saying they are all bad, it's just that the risk is also higher. So if you want to choose other coins, make sure we have really analyzed the coins, don't just take one that will cause losses.
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I will only encourage bitcoin holding than altcoin holding because altcoin can't be predicted for any reason, so bitcoin is more reliable couples to holding of altcoins and of course holding is fine but what matter's is to have the right coin in your custody than holding of these shitcoin or altcoin with fake promises to gain some so so x in returns, making their investors to have higher trust that their holdings would possibly gives them increase they expected in years to come but at last turns down to be extremely worthless coin.
Bitcoin remains the first choice in investing, but altcoin is a coin that can be used as an alternative to diversify. for those who have knowledge and experience, they also observe the top altcoins and say it can be predicted even though bitcoin remains the safest and least risky choice. but the top altcoins also have a small risk if we are right when entering.
If you do really like some sort of assurance or having that kind of security with your investment in comparing with Bitcoin or altcoins then better stick into Bitcoin and pretty sure that all of us would really be that agreeing into this, it is really just that there are those individuals who do really want or like to earn even more and thats the main reason on why they would
really be trying out to deal with meme coins or into those altcoins on which it is really that in low caps. It will really be that up to you on how you would be dealing up with things
because its impossible that you cant be able to determine in between those risks and its up to someones choice on which one you will be preferring.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
TBH, I don't see any reason why traders are trading aside from the fact that they want to make money from it. Those who thinks that they're gambling for the sake of profit doesn't mean that they will end up losing because there are some who end up making profit through trading constantly. There might be some who end up losing, but that's not the case for some traders.
I also came back to trading despite losing 3x, and the reason? I want to make money off of it. Currently, I'm in profit, but I don't consider it as gambling just because I want to double my money. Still, I respect your perception towards this thing. As for the final question that you shared, there might be some traders out there that are addicted as well. Addicted to make money and while most ended up losing even more instead of gaining more, there are a few traders out there that are making money on trading.
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Don't you think a trader can as well become addicted?
Another thing is that trading is not fun like gambling but it is very risky. You will see people dedicate their time and use their money to trade and lose often. Trading is worse than gambling for some people as they think they can make money from trading if they become a good trader but they will just be having losses. Although if you are good in trading, it can also be a source of income but it should not be a primary source of income.
Sometimes, people make trading seem like gambling because of their desire to make quick money. From what I understand, the commonality between them is risk, otherwise, they are not the same because trading challenges can be used to learn, which will increase your knowledge, and you have less risk when you have a strategy that you understand and believe is beneficial to you and also to understand it markets movement, but without any knowledge of trading, it leads to significant losses, which is why some people consider it as gambling.
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If you do really like some sort of assurance or having that kind of security with your investment in comparing with Bitcoin or altcoins then better stick into Bitcoin and pretty sure that all of us would really be that agreeing into this, it is really just that there are those individuals who do really want or like to earn even more and thats the main reason on why they would
really be trying out to deal with meme coins or into those altcoins on which it is really that in low caps. It will really be that up to you on how you would be dealing up with things
because its impossible that you cant be able to determine in between those risks and its up to someones choice on which one you will be preferring.
You are right, the size of the risk we take depends on ourselves. If you want a small risk, then bitcoin is the choice, but if you want to take a bigger risk, then there are many things we can do, one of which is investing in meme coins.
Before we do that, we must really understand and be ready for the risks we will get. Don't let us take risks, but we are not ready, that is not a good thing to do.
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Bitcoin remains the first choice in investing, but altcoin is a coin that can be used as an alternative to diversify. for those who have knowledge and experience, they also observe the top altcoins and say it can be predicted even though bitcoin remains the safest and least risky choice. but the top altcoins also have a small risk if we are right when entering.
If you do really like some sort of assurance or having that kind of security with your investment in comparing with Bitcoin or altcoins then better stick into Bitcoin and pretty sure that all of us would really be that agreeing into this, it is really just that there are those individuals who do really want or like to earn even more and thats the main reason on why they would
really be trying out to deal with meme coins or into those altcoins on which it is really that in low caps. It will really be that up to you on how you would be dealing up with things
because its impossible that you cant be able to determine in between those risks and its up to someones choice on which one you will be preferring.
playing with meme coins and the like will make you poor, there are indeed a small number of people who are successful by playing meme coins but it's just luck and most people get disappointing results..
but I agree with you, the safest investment is bitcoin and the risk is small and bitcoin in my opinion is the main choice coin for short and long term investment but the good thing is long term because the possibility of bitcoin prices in the future will be even crazier.
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I will only encourage bitcoin holding than altcoin holding because altcoin can't be predicted for any reason, so bitcoin is more reliable couples to holding of altcoins and of course holding is fine but what matter's is to have the right coin in your custody than holding of these shitcoin or altcoin with fake promises to gain some so so x in returns, making their investors to have higher trust that their holdings would possibly gives them increase they expected in years to come but at last turns down to be extremely worthless coin.
Bitcoin has always been the main investment in the crypto world, and that is no longer debatable. People must and should also think so. While altcoins, this will require deeper research, at least there are some top coins that are quite good and likely have the potential to skyrocket again and survive even though there is a bearish era. These altcoins are Ethereum and also BNB which have gone through a tense bearish era and can still survive and grow so rapidly. While other altcoins, I'm not saying they are all bad, it's just that the risk is also higher. So if you want to choose other coins, make sure we have really analyzed the coins, don't just take one that will cause losses.
Of course no one will eventually jumped into the market just like to buy altcoin that won't profits them or that seems too risky while investing on it, and again I wouldn't also encourage that because it's very risky even though they seems to be pretty doing well these moments doesn't mean they are going to Last for the long run. Instead it's good to always buy top coin just as you have made mentioned even as that I only give much support to bitcoin holding than buying any shitcoin out there that wouldn't produce a meaningful results.
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I will only encourage bitcoin holding than altcoin holding because altcoin can't be predicted for any reason, so bitcoin is more reliable couples to holding of altcoins and of course holding is fine but what matter's is to have the right coin in your custody than holding of these shitcoin or altcoin with fake promises to gain some so so x in returns, making their investors to have higher trust that their holdings would possibly gives them increase they expected in years to come but at last turns down to be extremely worthless coin.
When we are going to invest in altcoin for long-term I mean want to hold the altcoin then we must should know altcoins market pumping and the dumping depends on the Bitcoin market because bitcoin dominated all crypto market.
And also we know when the altcoin season will come by the based of the analysis of bitcoin cycle like we assume some fact the bitcoin halving when the bitcoin reward halv to half and around after one year later we saw the bull market and so most of the peoples also say that altcoin can't be predicted for long-term for this reason.
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I will only encourage bitcoin holding than altcoin holding because altcoin can't be predicted for any reason, so bitcoin is more reliable couples to holding of altcoins and of course holding is fine but what matter's is to have the right coin in your custody than holding of these shitcoin or altcoin with fake promises to gain some so so x in returns, making their investors to have higher trust that their holdings would possibly gives them increase they expected in years to come but at last turns down to be extremely worthless coin.
When we are going to invest in altcoin for long-term I mean want to hold the altcoin then we must should know altcoins market pumping and the dumping depends on the Bitcoin market because bitcoin dominated all crypto market.
And also we know when the altcoin season will come by the based of the analysis of bitcoin cycle like we assume some fact the bitcoin halving when the bitcoin reward halv to half and around after one year later we saw the bull market and so most of the peoples also say that altcoin can't be predicted for long-term for this reason.
In choosing coins from altcoins that we will invest in the long term, we must first analyze and observe. because in my opinion only top coins are worth holding for the long term.
Currently I hold altcoins such as etheruem and BNB. because I have confidence that these two coins will last a long time. But now I am also starting to look at TON and Solana.
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I will only encourage bitcoin holding than altcoin holding because altcoin can't be predicted for any reason, so bitcoin is more reliable couples to holding of altcoins and of course holding is fine but what matter's is to have the right coin in your custody than holding of these shitcoin or altcoin with fake promises to gain some so so x in returns, making their investors to have higher trust that their holdings would possibly gives them increase they expected in years to come but at last turns down to be extremely worthless coin.
When we are going to invest in altcoin for long-term I mean want to hold the altcoin then we must should know altcoins market pumping and the dumping depends on the Bitcoin market because bitcoin dominated all crypto market.
And also we know when the altcoin season will come by the based of the analysis of bitcoin cycle like we assume some fact the bitcoin halving when the bitcoin reward halv to half and around after one year later we saw the bull market and so most of the peoples also say that altcoin can't be predicted for long-term for this reason.
In choosing coins from altcoins that we will invest in the long term, we must first analyze and observe. because in my opinion only top coins are worth holding for the long term.
Currently I hold altcoins such as etheruem and BNB. because I have confidence that these two coins will last a long time. But now I am also starting to look at TON and Solana.
When selecting altcoins to hold for a long time, we have to do research and select coins that are well endowed. The best coins to consider in our long term portfolio are those which enjoy a strong fundamental foundation.
Some of the altcoins mentioned between Ethereum & BNB are examples of a good choice to have such are stable & well supported in the market. Furthermore adding the potential of TON and Solana could be the right step to reach growth opportunities that want to be achieved in the future.
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when the market is down, I do not use the short method but I prefer the long method because I buy a low price and hold it, because usually the price will struggle and take a long time to rise.
Each trader has a different strategy according to his skills and the analysis he uses.
I understand, it is the most logical, but the doubt is what is the price level that is considered low? Which one? It is very difficult to obtain a limit like that because things can be done according to the person's criteria, now for example, what would be a low value at this moment for bitcoin? Knowing the great bullish rally that Trump triggered? It is a fact that the best investment in the world is btc, and since Trump gave great importance to bitcoin, I imagine that things will be better because many people will want to invest in bitcoin, so not bad for Trump.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
TBH, I don't see any reason why traders are trading aside from the fact that they want to make money from it. Those who thinks that they're gambling for the sake of profit doesn't mean that they will end up losing because there are some who end up making profit through trading constantly. There might be some who end up losing, but that's not the case for some traders.
I also came back to trading despite losing 3x, and the reason? I want to make money off of it. Currently, I'm in profit, but I don't consider it as gambling just because I want to double my money. Still, I respect your perception towards this thing. As for the final question that you shared, there might be some traders out there that are addicted as well. Addicted to make money and while most ended up losing even more instead of gaining more, there are a few traders out there that are making money on trading.
I am not disputing that people aren't making through trading neither do they completely not losing money while trading, the major aspect is that when someone stays without trading or maybe sees themselves continuously trading even though they are losing what would you call that?
Yes I know in your perspectives it's hard for someone to get addicted because it's also gaining money, then what about those who gambles and make profit from gambling and still fall into addiction does it mean there is no profits in gambling.
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So many pages of discussion and attempts to prove that profit is not the one and only reason why people trade. I dont think that there might be any reason to trade. How come someone be addicted to trading? Greedy, yes, I can agree to that. But addicted? Like havent traded for a day and already have hands shaking, and when closing eyes, visualizing how I would be buying and selling? Rush home to trade?
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Bitcoin remains the first choice in investing, but altcoin is a coin that can be used as an alternative to diversify. for those who have knowledge and experience, they also observe the top altcoins and say it can be predicted even though bitcoin remains the safest and least risky choice. but the top altcoins also have a small risk if we are right when entering.
If you do really like some sort of assurance or having that kind of security with your investment in comparing with Bitcoin or altcoins then better stick into Bitcoin and pretty sure that all of us would really be that agreeing into this, it is really just that there are those individuals who do really want or like to earn even more and thats the main reason on why they would
really be trying out to deal with meme coins or into those altcoins on which it is really that in low caps. It will really be that up to you on how you would be dealing up with things
because its impossible that you cant be able to determine in between those risks and its up to someones choice on which one you will be preferring.
playing with meme coins and the like will make you poor, there are indeed a small number of people who are successful by playing meme coins but it's just luck and most people get disappointing results..
but I agree with you, the safest investment is bitcoin and the risk is small and bitcoin in my opinion is the main choice coin for short and long term investment but the good thing is long term because the possibility of bitcoin prices in the future will be even crazier.
Meme coins also gives returns which i won't deny but recent times large number of meme coins in the market so it is difficult to choose a good project. But if one invests for a short period of time and earns a good profit from the investment then it is better to leave the platform quickly because meme coins are generally risky investments where there is chance of losing wealth in a short period of time. If one plan to hold bitcoin for the long term there is no alternative of bitcoin.
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Bitcoin remains the first choice in investing, but altcoin is a coin that can be used as an alternative to diversify. for those who have knowledge and experience, they also observe the top altcoins and say it can be predicted even though bitcoin remains the safest and least risky choice. but the top altcoins also have a small risk if we are right when entering.
If you do really like some sort of assurance or having that kind of security with your investment in comparing with Bitcoin or altcoins then better stick into Bitcoin and pretty sure that all of us would really be that agreeing into this, it is really just that there are those individuals who do really want or like to earn even more and thats the main reason on why they would
really be trying out to deal with meme coins or into those altcoins on which it is really that in low caps. It will really be that up to you on how you would be dealing up with things
because its impossible that you cant be able to determine in between those risks and its up to someones choice on which one you will be preferring.
playing with meme coins and the like will make you poor, there are indeed a small number of people who are successful by playing meme coins but it's just luck and most people get disappointing results..
but I agree with you, the safest investment is bitcoin and the risk is small and bitcoin in my opinion is the main choice coin for short and long term investment but the good thing is long term because the possibility of bitcoin prices in the future will be even crazier.
Meme coins also gives returns which i won't deny but recent times large number of meme coins in the market so it is difficult to choose a good project. But if one invests for a short period of time and earns a good profit from the investment then it is better to leave the platform quickly because meme coins are generally risky investments where there is chance of losing wealth in a short period of time. If one plan to hold bitcoin for the long term there is no alternative of bitcoin.
I also invest in meme coins but only for short and medium term investment because I know the risk of meme coins is quite high and we have to be really right in making analysis and predictions because many meme coins are not potential. For meme coins I prefer doge and PEPE because they are quite popular.
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So many pages of discussion and attempts to prove that profit is not the one and only reason why people trade. I dont think that there might be any reason to trade. How come someone be addicted to trading? Greedy, yes, I can agree to that. But addicted? Like havent traded for a day and already have hands shaking, and when closing eyes, visualizing how I would be buying and selling? Rush home to trade?
Honestly, my reason for trading is to seek profit, likewise I have a job in the real world also because I want to get a salary to meet my needs. So what is the reason for someone to trade if the goal is not to seek profit? Do they consider it a hobby? If so, I am not at that level yet. I am addicted to trading because I always want to make a profit.
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I also invest in meme coins but only for short and medium term investment because I know the risk of meme coins is quite high and we have to be really right in making analysis and predictions because many meme coins are not potential. For meme coins I prefer doge and PEPE because they are quite popular.
It is very tempting to invest in meme coins for the short term investment while it can be very risky if meme coins are to be used for medium term investment, need to do an analysis before coming to a decision. They are so important because many meme coins in the market currently do not have a high growth rate, making the selection critical. These two memes are chosen examples and they are famous among people and may seems to be more valuable because of that.
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In choosing coins from altcoins that we will invest in the long term, we must first analyze and observe. because in my opinion only top coins are worth holding for the long term.
Currently I hold altcoins such as etheruem and BNB. because I have confidence that these two coins will last a long time. But now I am also starting to look at TON and Solana.
Indeed when a person wants to do the investment on the altcoin for long-term they must should look at the toptest coin of the crypto market. But person can also invest in the memecoins what are new but he must know about the general analysis knowledge so that he can choose only few coins from the thousands.
And that is why they choose only above coins like the BNB and the Ethereum I also put some of my money in BNB and have some profit and I also invested in the some memecoin and the new projects but I am in loss on those.
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Bitcoin remains the first choice in investing, but altcoin is a coin that can be used as an alternative to diversify. for those who have knowledge and experience, they also observe the top altcoins and say it can be predicted even though bitcoin remains the safest and least risky choice. but the top altcoins also have a small risk if we are right when entering.
If you do really like some sort of assurance or having that kind of security with your investment in comparing with Bitcoin or altcoins then better stick into Bitcoin and pretty sure that all of us would really be that agreeing into this, it is really just that there are those individuals who do really want or like to earn even more and thats the main reason on why they would
really be trying out to deal with meme coins or into those altcoins on which it is really that in low caps. It will really be that up to you on how you would be dealing up with things
because its impossible that you cant be able to determine in between those risks and its up to someones choice on which one you will be preferring.
playing with meme coins and the like will make you poor, there are indeed a small number of people who are successful by playing meme coins but it's just luck and most people get disappointing results..
but I agree with you, the safest investment is bitcoin and the risk is small and bitcoin in my opinion is the main choice coin for short and long term investment but the good thing is long term because the possibility of bitcoin prices in the future will be even crazier.
Meme coins also gives returns which i won't deny but recent times large number of meme coins in the market so it is difficult to choose a good project. But if one invests for a short period of time and earns a good profit from the investment then it is better to leave the platform quickly because meme coins are generally risky investments where there is chance of losing wealth in a short period of time. If one plan to hold bitcoin for the long term there is no alternative of bitcoin.
I also invest in meme coins but only for short and medium term investment because I know the risk of meme coins is quite high and we have to be really right in making analysis and predictions because many meme coins are not potential. For meme coins I prefer doge and PEPE because they are quite popular.
In the current situation it is very easy to make profit by investing in the market. We can see that bitcoin price has started to increase very much since few days for which investment in meme coins including altcoin can be very easy to make profit. We know that meme coins are great investment. Although there is a risk, good profit can be made from meme coins now due to the good bitcoin market. If a person chooses meme coins to invest for short term then it will be fine but for long term meme coins are high risk. There are many good meme coins in the market. There are some very popular coins to invest in so that you don't have to take too much risk.
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Bitcoin remains the first choice in investing, but altcoin is a coin that can be used as an alternative to diversify. for those who have knowledge and experience, they also observe the top altcoins and say it can be predicted even though bitcoin remains the safest and least risky choice. but the top altcoins also have a small risk if we are right when entering.
If you do really like some sort of assurance or having that kind of security with your investment in comparing with Bitcoin or altcoins then better stick into Bitcoin and pretty sure that all of us would really be that agreeing into this, it is really just that there are those individuals who do really want or like to earn even more and thats the main reason on why they would
really be trying out to deal with meme coins or into those altcoins on which it is really that in low caps. It will really be that up to you on how you would be dealing up with things
because its impossible that you cant be able to determine in between those risks and its up to someones choice on which one you will be preferring.
playing with meme coins and the like will make you poor, there are indeed a small number of people who are successful by playing meme coins but it's just luck and most people get disappointing results..
but I agree with you, the safest investment is bitcoin and the risk is small and bitcoin in my opinion is the main choice coin for short and long term investment but the good thing is long term because the possibility of bitcoin prices in the future will be even crazier.
Meme coins also gives returns which i won't deny but recent times large number of meme coins in the market so it is difficult to choose a good project. But if one invests for a short period of time and earns a good profit from the investment then it is better to leave the platform quickly because meme coins are generally risky investments where there is chance of losing wealth in a short period of time. If one plan to hold bitcoin for the long term there is no alternative of bitcoin.
I also invest in meme coins but only for short and medium term investment because I know the risk of meme coins is quite high and we have to be really right in making analysis and predictions because many meme coins are not potential. For meme coins I prefer doge and PEPE because they are quite popular.
In the current situation it is very easy to make profit by investing in the market. We can see that bitcoin price has started to increase very much since few days for which investment in meme coins including altcoin can be very easy to make profit. We know that meme coins are great investment. Although there is a risk, good profit can be made from meme coins now due to the good bitcoin market. If a person chooses meme coins to invest for short term then it will be fine but for long term meme coins are high risk. There are many good meme coins in the market. There are some very popular coins to invest in so that you don't have to take too much risk.
For now I wouldn't encourage any memecoin investment since the market is too tempting to invest, instead bitcoin is more suitable for this position than memecoin as I believe is too volatile to hold memecoin this very moment.
Even though one must invest in memecoin at this tempting period it should be that the person will be active to monitor the market to sell when profit is about 3x to 4x because currently all altcoin seems to be making wave.
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If the market is down I prefer scalping to buy some potential coins that I will hold until the market recovers and I will sell them for profit. That's what I did when the market was correcting.
There are also traders who see the market going down, they stop trading and wait for the market to improve again, I think it depends on our respective experiences in trading.
Well, I think it's a matter of doing things better. Each person has a way of doing things with respect to what they know about the market. When the market was bearish, I used to feel bad because I only traded on exchanges that didn't allow shorts But when shorts are made and with leverage, things get very good, taking advantage of all the movement. In this regard, things are seen in other ways according to the trader. Each trader has a way of seeing the market and that's how things can practically turn out.
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Don't you think a trader can as well become addicted?
not addictive in my opinion where I personally if I get a profit will stop trading and re-enter when the market is correcting and this will become a trader's routine, the word addiction in this case is not in its scope because in trading there will be a saturation period so to avoid losses I usually stop trading
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Don't you think a trader can as well become addicted?
not addictive in my opinion where I personally if I get a profit will stop trading and re-enter when the market is correcting and this will become a trader's routine, the word addiction in this case is not in its scope because in trading there will be a saturation period so to avoid losses I usually stop trading
You can stop trading but doesn't mean you won't enter the market when you see a good entry points, and of course regular trading may cause addiction but on a neutral ground we didn't see that as addiction rather as an exit point. Yet there are people who would have this luck to exit they wouldn't exit because they see it as on profits but when the market changes direction they lose uncontrollably, and I can say greed also attributes to this actions.
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Personally, i trade for profit and because i feel better,more comfortable than traditional trading with fiat, and because i like the world of cryptocurrencies, i don't deny that there may be addicted people but I'm not
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Don't you think a trader can as well become addicted?
not addictive in my opinion where I personally if I get a profit will stop trading and re-enter when the market is correcting and this will become a trader's routine, the word addiction in this case is not in its scope because in trading there will be a saturation period so to avoid losses I usually stop trading
You can stop trading but doesn't mean you won't enter the market when you see a good entry points, and of course regular trading may cause addiction but on a neutral ground we didn't see that as addiction rather as an exit point. Yet there are people who would have this luck to exit they wouldn't exit because they see it as on profits but when the market changes direction they lose uncontrollably, and I can say greed also attributes to this actions.
I am not a regular trader, I only enter the market when I have good market analysis and confidence to trade. So I am not addicted, but only take advantage of market trends.
I also have a busy office, so I am not always in front of the monitor to trade.
Trading is something that requires focus, and I can't always focus because there is work in the real world.
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In spot trading we must always monitor the market, because the crypto market is very volatile and suddenly if the price drops we do not lose, usually I use stop loss. Futures trading is more complete but if you do not have experience in futures trading we should not do it.
The use of stop loss is extremely important, expensive when we experience operations that go against us the stop loss is a blessing, because in this way we avoid many problems, especially that they go with all the money, because there are people who do not put it and sometimes they spend a lot of balance, it is better to be cautious, at this point I have not yet done futures for the same reason because I feel that I still need to learn a lot about these low temporalities, in fact I have done trading but in binary options and wow it has cost me because the fundamentals change, that is, they are not the same as those of longer temporalities.
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Don't you think a trader can as well become addicted?
not addictive in my opinion where I personally if I get a profit will stop trading and re-enter when the market is correcting and this will become a trader's routine, the word addiction in this case is not in its scope because in trading there will be a saturation period so to avoid losses I usually stop trading
You can stop trading but doesn't mean you won't enter the market when you see a good entry points, and of course regular trading may cause addiction but on a neutral ground we didn't see that as addiction rather as an exit point. Yet there are people who would have this luck to exit they wouldn't exit because they see it as on profits but when the market changes direction they lose uncontrollably, and I can say greed also attributes to this actions.
I am not a regular trader, I only enter the market when I have good market analysis and confidence to trade. So I am not addicted, but only take advantage of market trends.
I also have a busy office, so I am not always in front of the monitor to trade.
Trading is something that requires focus, and I can't always focus because there is work in the real world.
With your explanation addiction could be very hard because when you are always occupied at work place and also having other busy activity then you wouldn't think of steady monitoring of your screen to see how the market is going, and of course lot of people with busy schedule do not fall into addictions except for those who took it as regular job. Even as that their are new investors who doesn't understand the market correctly would always want to beat the market at the cause of this they wouldn't know when they starts losing seriously by so doing they will always want to recover what they have lose without knowing they are gradually falling into addictions.
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In spot trading we must always monitor the market, because the crypto market is very volatile and suddenly if the price drops we do not lose, usually I use stop loss. Futures trading is more complete but if you do not have experience in futures trading we should not do it.
The use of stop loss is extremely important, expensive when we experience operations that go against us the stop loss is a blessing, because in this way we avoid many problems, especially that they go with all the money, because there are people who do not put it and sometimes they spend a lot of balance, it is better to be cautious, at this point I have not yet done futures for the same reason because I feel that I still need to learn a lot about these low temporalities, in fact I have done trading but in binary options and wow it has cost me because the fundamentals change, that is, they are not the same as those of longer temporalities.
In futures trading, using stop loss will be very good, exactly as you said. It allows us to avoid bigger losses or even lose all our money.
Some people are too brave to take risks that eventually make them regret it. Maybe we have all heard a lot, "if you don't take risks then there is no profit", yes that's true. But we also have to measure our ability to take risks.
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In futures trading, using stop loss will be very good, exactly as you said. It allows us to avoid bigger losses or even lose all our money.
Some people are too brave to take risks that eventually make them regret it. Maybe we have all heard a lot, "if you don't take risks then there is no profit", yes that's true. But we also have to measure our ability to take risks.
taking risks must be measured, so we cannot take risks without analysis and experience.
Futures trading is very risky for those who do not have the skills in trading, it is better to do spot trading if our futures trading does not have experience there.
because the risk is high and my analysis is also not good in futures trading.
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In futures trading, using stop loss will be very good, exactly as you said. It allows us to avoid bigger losses or even lose all our money.
Some people are too brave to take risks that eventually make them regret it. Maybe we have all heard a lot, "if you don't take risks then there is no profit", yes that's true. But we also have to measure our ability to take risks.
taking risks must be measured, so we cannot take risks without analysis and experience.
Futures trading is very risky for those who do not have the skills in trading, it is better to do spot trading if our futures trading does not have experience there.
because the risk is high and my analysis is also not good in futures trading.
On the moment that you do step your foot into this market then make yourself having that kind of preparation that you should really be that being prepared on whatever the things that you would be able to encounter. It will really be just that normal that there's loses or something this is inevitable. There's no way that you could be able to make yourself avoid this one no matter how
good you are or veteran or old towards this market. One of the most common situation or aspect into this one is that you do need up to be that able to make out adjustments accordingly.
There are those who do able to make themselves that good as they do gain up experience.
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Maybe they get addicted too. When they get addicted I think they will want to look for new strategy and learn more of the tools used to trade in the market.
I see more of them on the speculation threads and some of them shows complicated charts. Th y must have been addicted for a while already.
I don't think that we trade to be addicted, or it is a reason for trading crypto; but we trade to earn profit. Trading can be a professional job or a career and may not be considered addictive.
I trade crypto to earn rewards for my efforts, and i think i am a trader yet not addicted because i engaged on other online activities to earn rewards.
Now, speculation is part of most online trading activities, and I think some traders/investors use this means as a trading strategy to boost prices of assets at some periods.
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In futures trading, using stop loss will be very good, exactly as you said. It allows us to avoid bigger losses or even lose all our money.
Some people are too brave to take risks that eventually make them regret it. Maybe we have all heard a lot, "if you don't take risks then there is no profit", yes that's true. But we also have to measure our ability to take risks.
taking risks must be measured, so we cannot take risks without analysis and experience.
Futures trading is very risky for those who do not have the skills in trading, it is better to do spot trading if our futures trading does not have experience there.
because the risk is high and my analysis is also not good in futures trading.
Yes, you are right, it is better to trade spot, because in terms of risk, spot trading is even smaller than futures trading. In spot trading, we only need to hold longer when the price goes down.
Maybe in terms of profit-taking speed, spot trading will take longer, but it is also commensurate with the risk. We do not expect quick profits but with low risk, everything will be balanced.
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Of course people trade to make money but many lose a lot of money from it. But there are addictions in everything and especially where there are money making tricks then addiction comes into play. It won't become addictive when you trade repeatedly and lose money and at some point you will want to avoid that. But when you are making money from crypto with a strategy you will become addicted to it. Also gambling is different because from here you can become suddenly rich which can be a big addiction.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
- Maybe with other traders they can become addicted to trading, and this is a case-by-case basis maybe, because if you always get a good profit from trading, then I think it's okay to be addicted if the trading activity you do becomes profitable.
But even so, what we have control over ourselves is still different; our trading psychology is still different from normal because we know that nothing good addiction is caused when it is formed in our personality as a trader.
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Of course people trade to make money but many lose a lot of money from it. But there are addictions in everything and especially where there are money making tricks then addiction comes into play. It won't become addictive when you trade repeatedly and lose money and at some point you will want to avoid that. But when you are making money from crypto with a strategy you will become addicted to it. Also gambling is different because from here you can become suddenly rich which can be a big addiction.
Its risk from business not only from cryptocurrency trading but all kinds of business have opportunity get loss a lot of money, only people with most patience and have winning mentality get success in trading or when build up any business. Firstly, all exchange market have warn about trading can't guarantee with much profitable to earn and have bigger risk but every one already if want earn much profit must brave with bad possibility have loss in the future.
Its not difficult technique with trading cryptocurrency and if you have much experience can manage well how to earn profit and minimize risk if market going down.
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Its risk from business not only from cryptocurrency trading but all kinds of business have opportunity get loss a lot of money, only people with most patience and have winning mentality get success in trading or when build up any business. Firstly, all exchange market have warn about trading can't guarantee with much profitable to earn and have bigger risk but every one already if want earn much profit must brave with bad possibility have loss in the future.
Its not difficult technique with trading cryptocurrency and if you have much experience can manage well how to earn profit and minimize risk if market going down.
You are right all businesses including cryptocurrency trading involve risk and potential losses. Want to succeed you need patience and positive mindset and willingness to take calculated risks. Exchange markets warn of potential losses so caution is essential. Trading cryptocurrency requires experience and skill to navigate market changes. Successful traders minimize risk and maximize profits through risk management. With this skill traders can thrive in dynamic cryptocurrency market.
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In futures trading, using stop loss will be very good, exactly as you said. It allows us to avoid bigger losses or even lose all our money.
I think both in future and spot, stop-loss is needed. It minimizes the risks of severe losses. In future, it prevents from losing all money. So, it is actually a fundamental tool in trading. People who cares about the potential losses, they will always use the stop-loss in their trading activity.
Some people are too brave to take risks that eventually make them regret it. Maybe we have all heard a lot, "if you don't take risks then there is no profit", yes that's true. But we also have to measure our ability to take risks.
In my opinion, those people don't care or don't understand about the potential losses. If they are aware about this, they must use the stop-loss feature. Even if a trader is brave to take the risks, it doesn't mean he can trade in a careless way. Everyone should be a smart trader, using stop-loss is a smart way to avoid huge losses.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
It's not like if we trade just to make some money or double our money we can get addicted to it just like a gambler who spend (waste) money to double, triple his money. I think trading is way cooler and sophisticated than gambling although both have their own perks and you also know trading is more beneficial and it's not like we are going to be addiciting to it.
But yeah it sets our mindset like we are some big investors even if we are trading with $100 we think big, and we make sometimes good decisions in our life too because trading has taught us to think out of the box and for the future and that's how trading can help us and we will trade only on the basis of analysis, and except that we are just gambling.
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Some people are too brave to take risks that eventually make them regret it. Maybe we have all heard a lot, "if you don't take risks then there is no profit", yes that's true. But we also have to measure our ability to take risks.
In my opinion, those people don't care or don't understand about the potential losses. If they are aware about this, they must use the stop-loss feature. Even if a trader is brave to take the risks, it doesn't mean he can trade in a careless way. Everyone should be a smart trader, using stop-loss is a smart way to avoid huge losses.
Quite precisely, Stop losses are an important part of trading to avoid bigger losses.
Sometimes the analysis we do will not be in accordance with the market conditions that occur, because there will be a decrease caused by unexpected things so that if you use a stop loss, the trading funds are still quite safe and only reduce a few percent according to the stop loss position that has been set at the beginning of the trade.
But many beginner traders or those who are already good enough to trade do not use stop loss, but this only applies to coins that are truly believed or that the trader has full control and makes quick trades to take profits faster.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
- Maybe with other traders they can become addicted to trading, and this is a case-by-case basis maybe, because if you always get a good profit from trading, then I think it's okay to be addicted if the trading activity you do becomes profitable.
But even so, what we have control over ourselves is still different; our trading psychology is still different from normal because we know that nothing good addiction is caused when it is formed in our personality as a trader.
You think is that easy to become profitable while trading, yes you are right but most times is very difficult for traders to easily gets addicted to gambling, though my concern was about someone whom I knew that sold their personal belongings to fund their trading account but it ends up the other way were it was swipe off there account without even at profits, yet still went ahead to borrow money.
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Of course people trade to make money but many lose a lot of money from it. But there are addictions in everything and especially where there are money making tricks then addiction comes into play. It won't become addictive when you trade repeatedly and lose money and at some point you will want to avoid that. But when you are making money from crypto with a strategy you will become addicted to it. Also gambling is different because from here you can become suddenly rich which can be a big addiction.
loss due to wrong trading, if we choose the right coin then the level of loss is very small. there will only be a decrease in price, and the amount owned will remain the same only with a low value and in a period of time it can rise again for example BTC is different if you trade on meme coins
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Of course people trade to make money but many lose a lot of money from it. But there are addictions in everything and especially where there are money making tricks then addiction comes into play. It won't become addictive when you trade repeatedly and lose money and at some point you will want to avoid that. But when you are making money from crypto with a strategy you will become addicted to it. Also gambling is different because from here you can become suddenly rich which can be a big addiction.
loss due to wrong trading, if we choose the right coin then the level of loss is very small. there will only be a decrease in price, and the amount owned will remain the same only with a low value and in a period of time it can rise again for example BTC is different if you trade on meme coins
I wouldn't even encourage anyone to trade on meme coin or any shitcoin but what matters is having the right coin to trade just as you said, most people leave going for the right and go for the wrong coin that they think would give them immediate profits while they trade forgotten that if the market changes they would lose heavily.
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I wouldn't even encourage anyone to trade on meme coin or any shitcoin but what matters is having the right coin to trade just as you said, most people leave going for the right and go for the wrong coin that they think would give them immediate profits while they trade forgotten that if the market changes they would lose heavily.
100% of time traders do degen trading on meme coins, they do lost more than half of their portfolio. I was following this guy on telegram that do share airdrop update and recently he has been bullish on some meme coins, probably shilling so he can make profit and 2 days later, he has lost 87% of his portfolio, roughly $11k.
I also see some of his colleagues airdrop guys that post the same thing but they don't post their losses, I know it's there but they will rather lie to their communities that they are making money than show the losses they make and all their activities doesn't move me because I know memel coins are for people that has money for loss.
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I wouldn't even encourage anyone to trade on meme coin or any shitcoin but what matters is having the right coin to trade just as you said, most people leave going for the right and go for the wrong coin that they think would give them immediate profits while they trade forgotten that if the market changes they would lose heavily.
100% of time traders do degen trading on meme coins, they do lost more than half of their portfolio. I was following this guy on telegram that do share airdrop update and recently he has been bullish on some meme coins, probably shilling so he can make profit and 2 days later, he has lost 87% of his portfolio, roughly $11k.
I also see some of his colleagues airdrop guys that post the same thing but they don't post their losses, I know it's there but they will rather lie to their communities that they are making money than show the losses they make and all their activities doesn't move me because I know memel coins are for people that has money for loss.
Smiles.. usually no one plans for loss or wasting their money for memecoin, what really happened is that they don't set target and they felt the market is on their hands where they can easily control the market the way they wanted. I will not give much priority to memecoin neither would I hold it for long to trade instead immediately I have my x amount achieved I don't mind pushing it out immediately to secure my profit from losing because memecoin is the highest volatile coin than even bitcoin itself.
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I wouldn't even encourage anyone to trade on meme coin or any shitcoin but what matters is having the right coin to trade just as you said, most people leave going for the right and go for the wrong coin that they think would give them immediate profits while they trade forgotten that if the market changes they would lose heavily.
100% of time traders do degen trading on meme coins, they do lost more than half of their portfolio. I was following this guy on telegram that do share airdrop update and recently he has been bullish on some meme coins, probably shilling so he can make profit and 2 days later, he has lost 87% of his portfolio, roughly $11k.
I also see some of his colleagues airdrop guys that post the same thing but they don't post their losses, I know it's there but they will rather lie to their communities that they are making money than show the losses they make and all their activities doesn't move me because I know memel coins are for people that has money for loss.
Sometimes they only expose their victory to attract the interest of many people to follow their footsteps, they will not tell about their losses. This is what usually happens in a community, telling about real things and covering up the bitterness of their experiences. We must have our own analysis and considerations, do not be tempted by their seduction and follow them.
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I wouldn't even encourage anyone to trade on meme coin or any shitcoin but what matters is having the right coin to trade just as you said, most people leave going for the right and go for the wrong coin that they think would give them immediate profits while they trade forgotten that if the market changes they would lose heavily.
100% of time traders do degen trading on meme coins, they do lost more than half of their portfolio. I was following this guy on telegram that do share airdrop update and recently he has been bullish on some meme coins, probably shilling so he can make profit and 2 days later, he has lost 87% of his portfolio, roughly $11k.
I also see some of his colleagues airdrop guys that post the same thing but they don't post their losses, I know it's there but they will rather lie to their communities that they are making money than show the losses they make and all their activities doesn't move me because I know memel coins are for people that has money for loss.
Sometimes they only expose their victory to attract the interest of many people to follow their footsteps, they will not tell about their losses. This is what usually happens in a community, telling about real things and covering up the bitterness of their experiences. We must have our own analysis and considerations, do not be tempted by their seduction and follow them.
Even we seems to have followed them we should apply some form of smartness in everything we do, i mean, professionalism while following people and we trade and make some cool profits we should be able to understand there is what they calls "take profits" and immediately we achieved what we have invested we should look for away to sell off to secure our investment, be it trading and whatsoever because memecoin isn't something to hold for long term and when they hypes is over we should also dump them for something big and more better.
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Even we seems to have followed them we should apply some form of smartness in everything we do, i mean, professionalism while following people and we trade and make some cool profits we should be able to understand there is what they calls "take profits" and immediately we achieved what we have invested we should look for away to sell off to secure our investment, be it trading and whatsoever because memecoin isn't something to hold for long term and when they hypes is over we should also dump them for something big and more better.
Meme coins are coins that are suitable for fast investment. Buy at the right time and sell while it is still hype because if you sell late, you will likely be trapped in a high price so you have to hold for a long time for something that may not go up in price again. In following someone, we should also do analysis and have our own strategy, because when we take the wrong step we will lose.
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Even we seems to have followed them we should apply some form of smartness in everything we do, i mean, professionalism while following people and we trade and make some cool profits we should be able to understand there is what they calls "take profits" and immediately we achieved what we have invested we should look for away to sell off to secure our investment, be it trading and whatsoever because memecoin isn't something to hold for long term and when they hypes is over we should also dump them for something big and more better.
Meme coins are coins that are suitable for fast investment. Buy at the right time and sell while it is still hype because if you sell late, you will likely be trapped in a high price so you have to hold for a long time for something that may not go up in price again. In following someone, we should also do analysis and have our own strategy, because when we take the wrong step we will lose.
Of course it's one thing possible because when we don't apply caution while holding or trading it immediately the market dump automatically we lose as well, but developing a strategy and to sell when the hype are still running could make us hold enough profits from the coin. Analysis is quite important to us because if we don't apply some form analogy to follow the market we would end up losing them entirely.
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Of course it's one thing possible because when we don't apply caution while holding or trading it immediately the market dump automatically we lose as well, but developing a strategy and to sell when the hype are still running could make us hold enough profits from the coin. Analysis is quite important to us because if we don't apply some form analogy to follow the market we would end up losing them entirely.
Of course it's one thing possible because when we don't apply caution while holding or trading it immediately the market dump automatically we lose as well, but developing a strategy and to sell when the hype are still running could make us hold enough profits from the coin. Analysis is quite important to us because if we don't apply some form analogy to follow the market we would end up losing them entirely.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
- I think if you know what you are doing in trading and you have knowledge about it and you also have an idea of the strategies that you should use, it probably cannot be considered that you have an addiction to doing it because your main purpose is to get a profit.
It's like a job, you know what kind of work you will do so that you will be compensated on the day you trade. When you say addiction, your body, or personality that you have, is already looking for it.
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Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.
Don't you think a trader can as well become addicted?
- I think if you know what you are doing in trading and you have knowledge about it and you also have an idea of the strategies that you should use, it probably cannot be considered that you have an addiction to doing it because your main purpose is to get a profit.
It's like a job, you know what kind of work you will do so that you will be compensated on the day you trade. When you say addiction, your body, or personality that you have, is already looking for it.
Of course in trading we must know what we are doing by making analysis and plans or strategies. because if we do not understand what we are doing it is the same as gambling, while trading we rely on skills not relying on luck like in gambling.
We must have knowledge and experience that allows us to trade professionally, even though we cannot be said to be a professional trader.