Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Dr.Bitcoin_Strange on December 22, 2024, 02:08:15 PM
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Some persons are fully dedicated on learning how to trade crypto currencies and become successful but on the process, they already have some heart desires of what they will do first when they finally because successful in trading. Being successful in trading, I believe that the trader should be making at least x2 - x4 of their normal monthly salary from trading. For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?
Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
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At first trading is not a certain income which you would determined what you will gain at every month end, weekly and daily. Trading most times involves profits and lose and you can't expect to be aiming at 1k every month or 1k every week because you can't be sure of your outcome precisely.
So, If I were to be the trader what I would do is to have more business created from the profits getting from my work/trading, to also increased my earning at every week/months before however thinks about establishing anyone or even taking additional responsibility to yourself.
Usually as Wo/man who want to go into marriage and taking additional responsibility to themselves you need to know and be sure of your weekly/monthly income, even before retiring your parents.
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Some persons are fully dedicated on learning how to trade crypto currencies and become successful but on the process, they already have some heart desires of what they will do first when they finally because successful in trading. Being successful in trading, I believe that the trader should be making at least x2 - x4 of their normal monthly salary from trading. For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?
Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
Thank you very much for your unbelievable and unexpected question in this time. I will be retire my parents must at first. Because I think that they would be old person in this time, so I believe that if we can get retire them I think that it will be very happy moments for me. Because when they would have young, they are trying to happy to me in the every step of our life. So I believe that it will be correct decision for me. But if we don't understand how to earn best profit from trading, then we must losses from cryptocurrency market.
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Trading most times involves profits and lose and you can't expect to be aiming at 1k every month or 1k every week because you can't be sure of your outcome precisely.
You are very correct, trading is all about profit and lose but are you saying that being able to make $1k every week is quite unrealistic? Some people lose some of their trades but at the end of the day, they are still profitable.
So, If I were to be the trader what I would do is to have more business created from the profits getting from my work/trading, to also increased my earning at every week/months before however thinks about establishing anyone or even taking additional responsibility to yourself.
This is a smart decision mate.
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1: will you quit your job first?
I will not quit my job immediately Before considering quitting my job, I would like to stabilize my finances and use the profits from trading to invest in other businesses that can generate guaranteed returns. However, if the job provides me with enough time, I will not quit because it is not too time-consuming.
2: will you buy a house first?
I have always admired a luxurious house, so getting it would not be an immediate priority. Like I mentioned before, my first goal will be to increase my sources of income so that I can afford the type of house I want. It will be pointless to buy a house I do not want because I am in a hurry.
3: will you retire your parents first?
My parents will continue to work because if they stop, they will age more quickly. Working allows the entire body to function because jobs can be tasking and fun at the same time and so I would let them to continue interfacing with their work environment while still providing the necessary support.
4: will you get married first?
Since I already have a family, I would improve their standard of living. This also entails providing them with the necessary funds to establish outlets that can generate funds for them. It is not prudent to have dependants around when they can be empowered to stand on their own.
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1: will you quit your job first?
I already quit my job a few years ago because the salaries here in my country are very low and my income from cryptocurrencies is much better.
2: will you buy a house first?
This is one of the most important options I think about in the future when I get enough profits.
3: will you retire your parents first?
Unfortunately my parents are deceased
4: will you get married first?
This was my first option but I am married and have children
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Some persons are fully dedicated on learning how to trade crypto currencies and become successful but on the process, they already have some heart desires of what they will do first when they finally because successful in trading. Being successful in trading, I believe that the trader should be making at least x2 - x4 of their normal monthly salary from trading. For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?
Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
Well, an interesting topic. I never thought I was suitable to become a full-time professional trader so I'm still maintaining a full-time job at the university. I admire professional traders, they have the knowledge and experience to live from trading. I also want to be able to manage my life time like that so I'm also learning to trade while still DCA & holding crypto.
In the future, if I can successfully make a stable profit from the crypto market, I won't quit my job either, but I can enjoy teaching more because I won't be under economic pressure. Besides, I also want to buy a big house for my family to live more comfortably. I would have had all that if I hadn't refused BTC more than 10 years ago @@
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there are advice given to people who have just become successful and young. while you're not forced to buy something life changing like quitting your job or buying a house, don't do it. be silent when you are successful and never announce to anyone that you have a ton of money.
but here's the real advice they said. never tell anyone your plans in buying a house or car. if you wanted to do it, just buy without telling it to anyone or else someone among your friends will suggest something else to buy.
i'm going to tell mine anyway: ;D i'm buying a beach front property.
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Some persons are fully dedicated on learning how to trade crypto currencies and become successful but on the process, they already have some heart desires of what they will do first when they finally because successful in trading. Being successful in trading, I believe that the trader should be making at least x2 - x4 of their normal monthly salary from trading. For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?
Although I have no intention of taking trading as a career in the future, if I were to imagine that I would ever become a successful trader, I would first run a successful business with the profits from my trading and then quit my job and then help my parents but also tell them that you can retire whenever you want. I am not going to retire them forcefully.
Anyway, I have no intention of quitting my job right away because even if I am successful in trading, there is still risk involved, so I will quit my job after setting up something physical.
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I guess i will choose nothing and continue trading at least another year to save more. I'll be retiring on my jobs if ever i save much, that's the most important thing. Remember you are in super volatile market for trading. Anytime can happen for your coins overnight, especially if you do more risks say doing future tradings.
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Since maintaining assets is one of the things that many rich people do, maybe I will do that too... my preference is to secure money for my old age... when it has been obtained and is in a safe condition, the allocation to increase wealth will be done by me... either by continuing trading that has been mastered, or by opening new fields and new experiments following the development of the times...
The point is, when I succeed, I will continue to collect money until it settles, after that I will start to focus on ensuring that my assets are safe and tend to increase even if only a little.
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Some persons are fully dedicated on learning how to trade crypto currencies and become successful but on the process, they already have some heart desires of what they will do first when they finally because successful in trading. Being successful in trading, I believe that the trader should be making at least x2 - x4 of their normal monthly salary from trading. For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?
Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
1. No quitting of job, i do still enjoy on having a job and despite of being having that other source of income then you do still have your extra income from your job.If you do find yourself having that hard time on time management then quitting will be the best thing to do.
2. Buy a house will be always next in line.
3. My parents will be given out some priority in terms of providing needs and other correlated things.
4. Marriage will be that the last in line because searching up for the right one is never been that so simple that you can be able to just simply pick someone and the get married. This is a life time commitment and not something that you do rush on.
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Also when you finally see that you are successful, what will you do first?
Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
first of all don’t do any of these yet after only a good month in trading it is not always good times in trading some months you’ll have more some months you’ll have less so unless you have savings as well i wouldn’t recommend doing any of your options immediately
but assuming that you have experienced quite some good times already, i would want to quit my job first and focus on trading now
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For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?
Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
Trading is actually a pathway to wealth creation for yourself and those around you when you become good at it and become fully profitable. It differs on our understanding of the market faster as relative to how to can learn. Many give up because of the not too easy process to become profitable, but when you become one, it will be worth all the sacrifices you’ve made so far to achieve the aim.
Being successful in trading comes with a lot of choices to make. Even before the profitability comes, you would have mapped out things you’ll want to do. As for me, the first thing to do is not even in the options you’ve listed out. I will prefer to invest into something else that will be bringing me some good profits. This will serve as an another source which will boost my trading journey.
The reason why some traders take long time to profit is also due to lack of capital for sustainable funding in the market. Once you have a sustainable one to help you fund your account, the fear of losing your money when you’ve seen good trades to take opportunity on will reduce significantly and you can confidently make better and gods choices in your trades. When I’m able to achieve that, I can then dive into achieving other set out goals like the ones you’ve listed above.
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I don't think being successful in trading implies certain amount each month, in bull run you make plenty profits while in bear market conditions, you might not be making much or at times it may even be a better idea to just take a rest.
A successful trader in my eyes is one who knows how to retain profits, knows when to cut losses and continously makes more from what he has in long term.
Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
Getting married before having your own house is absurd so I would go with having your own house then getting married, on rest two options I got nothing to say.
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When becoming successful with trading, the first thing I will do is to do investments that will last in perpetuity. Buy a house or landed property is an investment that appreciate or add value. And it can yield to good results later. So it's important to do investments that one can benefit from.
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Some persons are fully dedicated on learning how to trade crypto currencies and become successful but on the process, they already have some heart desires of what they will do first when they finally because successful in trading. Being successful in trading, I believe that the trader should be making at least x2 - x4 of their normal monthly salary from trading. For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?
Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
I will quit my job and then chase the target to double or triple the income from trading. In my opinion a successful trader is the one who can even make profit in bear season because in bull anyone can make profit and making 2x or 4x in 1 month is not possible unless the market is in your favor.
People can only make this profit by shorting and that is very risky and it can eat our profit and capital right away if market does not followed our pattern. If I will become a successful trader I will try to build a business and house for myself and certainly marrying is not a option I can skip ;)
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For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?
Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
I will not confuse my salary with my trading revenue, both are different and if my salary is $1K and I made $100 a month by trading still I consider myself successful because it just gave me $1100 in total.
1. I won't quit job even if I made 4x of my monthly salary.
2. If I made money to buy house with single paycheck, I might.
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Well, I make sure that all my debts are paid first, especially some of the loans that I have. I also make sure that I have money in the bank for emergency cases. After that, I look forward to buying different assets.
It’s not always just going to be trading for my source of income, but it’s another income from the source that I have, which is my main work.
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1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
Trading can never be a source of regular income and no matter how rich you are if you don't have a source of regular income you won't survive as a rich person for long. So I will never quit my job even if I become successful in trading. Because job is a suitable source of my regular income. If I am successful in trading, first I will build a nice house and then I will establish a business that can provide financial support for my whole life. Because I will never be able to profit from trading all my life. So first of all I have to build something that will support my further life financially
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Trading can never be a source of regular income and no matter how rich you are if you don't have a source of regular income you won't survive as a rich person for long. So I will never quit my job even if I become successful in trading. Because job is a suitable source of my regular income. If I am successful in trading, first I will build a nice house and then I will establish a business that can provide financial support for my whole life. Because I will never be able to profit from trading all my life. So first of all I have to build something that will support my further life financially
I am not sure about this because I know many traders who can actually maintain a regular income from trading, enough to meet the needs of life and create huge assets. Meanwhile, many businesses in the traditional market have gone bankrupt during the COVID-19 pandemic even though they were once considered promising and had generated huge profits before.
Seeking a stable passive income source is a common need for investors. ETFs, government bonds, and bank deposits can be feasible and safe options, you can consider them when you have a huge amount of money and need to diversify into many asset classes. Real estate, gold, and stocks are also worth investing in if you can accept higher risks for greater returns.
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None of those 4 you should do unless you are forced to do it. Getting married is not easy, it's a lot of responsibility so if you have a girlfriend then just be boyfriens and girlfriends, don't add something more.
But I probably would try buying a house for myself. Having a place of my own and just a man cave to where I can be alone for once in this crowded world. I can sleep around without disturbance.
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Some persons are fully dedicated on learning how to trade crypto currencies and become successful but on the process, they already have some heart desires of what they will do first when they finally because successful in trading. Being successful in trading, I believe that the trader should be making at least x2 - x4 of their normal monthly salary from trading. For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?
Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
I will buy a house and then get married, will retire my parents and then I might find a job instead of quitting one haha. As in jobs, one is good while other is more good but there is always risk of moving from one to another, so when a person will have another source of income, like trading then he can take risk in new jobs and can move to them.
Quitting a job is not a suitable option here because if we will quit our job we will be giving up a stable source of income, and in trading, we definitely need one until we set up a business and make it run without ourselves, like hiring experts to run it and manage things only till then we should do job and trading.
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1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
Trading can never be a source of regular income and no matter how rich you are if you don't have a source of regular income you won't survive as a rich person for long. So I will never quit my job even if I become successful in trading. Because job is a suitable source of my regular income. If I am successful in trading, first I will build a nice house and then I will establish a business that can provide financial support for my whole life. Because I will never be able to profit from trading all my life. So first of all I have to build something that will support my further life financially
Actually, it all depends on the skills and time we have in trading, if we have a lot of time and can focus on trading, we can make trading a source of income, this is what professional traders do.
I have a job in the real world as an employee so I can't trade with focus because of my busy work. that's why I also agree with you that we should have a steady income to meet our needs and not just depend on trading profits.
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Some persons are fully dedicated on learning how to trade crypto currencies and become successful but on the process, they already have some heart desires of what they will do first when they finally because successful in trading. Being successful in trading, I believe that the trader should be making at least x2 - x4 of their normal monthly salary from trading. For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?
Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
the truth in life opinions differs,the options you gave many people will fall in one category while some whomt fall in any,but for me i will still invest the money in other business,marriage is not something we rush into because huge amount of money has come to spend.
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- If God allows me to earn a lot because of cryptocurrency, I will immediately build a business, from real estate, food business and Foundation, Resort and Farm lot. These are the things I would like to have if I really had one.
A simple house and land are enough for me, then my trading here in the crypto space will continue, of course it will not disappear, then I will pass on my knowledge here to my son for his future, he will also benefit from it.
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- If God allows me to earn a lot because of cryptocurrency, I will immediately build a business, from real estate, food business and Foundation, Resort and Farm lot. These are the things I would like to have if I really had one.
The idea of having a farm is appealing. Agriculture has been largely overlooked, despite the fact that it is a highly profitable industry. I would love to own a farm. I saw a friend make a lot of money selling his birds last Christmas. The beauty of it is that there will always be buyers. People must eat and celebrate, and these celebrations entice people to purchase birds, which are even required for household consumption.
Piggery farming is another profitable agricultural sector in my area. The consumption is so high that sometimes you go to where they sell it and they do not have it because the few piggery farmers in my area can not keep up with the number of people who need pork meat because it is so delicious.
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If a trader can be successful according to his goals, then he will definitely try to make his wishes come true. There are many who have been successful in trading and some who want to be successful. But what someone wants will depend on their profit and amount. Some people make big trades and if they get 10 times or more from their trading, it will be able to change all aspects of their life. But I will say from my personal point of view that if I can achieve something like that, then I will consider it at that time. Because it is unknown when it will happen. For me, if you can earn money by trading, it will be almost difficult to do something that can be obtained by holding.
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If a trader can be successful according to his goals, then he will definitely try to make his wishes come true. There are many who have been successful in trading and some who want to be successful. But what someone wants will depend on their profit and amount. Some people make big trades and if they get 10 times or more from their trading, it will be able to change all aspects of their life. But I will say from my personal point of view that if I can achieve something like that, then I will consider it at that time. Because it is unknown when it will happen. For me, if you can earn money by trading, it will be almost difficult to do something that can be obtained by holding.
What makes people not to do their wishes is as a result of not getting established through their endeavors otherwise no one will hold back on what they already had in mind, but when they finally becomes a prolific traders you will see them doing according to their wishes and can whatever they want at any given moment or time. But the major thing is to maintain a state that wouldn't affect your decision and actions of doing things that is why we must reason well before taking any bold steps or actions.
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1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
I will only leave my job if I can consistently earn that profit for more than 1 year and am confident in my ability to earn a steady income in the future...
The first condition that I set as a goal is to buy a house first... having a house is everyone's dream, we need it as a place to go home and as a rest for all family members.... that's the main element that we must force ourselves to have... so that's the first thing I will do...
Then for those who are not married, this could be the second target... but for those who are married of course we can skip this goal....
The third is to quit your job, after knowing our abilities and being sure of our future, then we can quit our job and start focusing on things that provide greater benefits...
And the last is to retire our parents... actually we can still take care of our parents as long as we have more than enough income... therefore, this could be the last option for me.
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Some persons are fully dedicated on learning how to trade crypto currencies and become successful but on the process, they already have some heart desires of what they will do first when they finally because successful in trading. Being successful in trading, I believe that the trader should be making at least x2 - x4 of their normal monthly salary from trading. For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?
Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
Obtaining consistency in my returns is more reliable to me mostly before I can start talking about retirement. If my monthly salary is $1k, in trading if I can make same $1k in a month, I'll try to break it down to $250 to $350 weekly which will help me settle all issues and debts on ground. With this method, I can be able in 3 - 5 months must have settled every little issues that are of high demands.
With this consistency, I will retire my parents first and creat a financial system that will be able to generate at least $200 weekly for my parents up keep, then I can start talking of quitting my job.
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Obtaining consistency in my returns is more reliable to me mostly before I can start talking about retirement. If my monthly salary is $1k, in trading if I can make same $1k in a month, I'll try to break it down to $250 to $350 weekly which will help me settle all issues and debts on ground. With this method, I can be able in 3 - 5 months must have settled every little issues that are of high demands.
With this consistency, I will retire my parents first and creat a financial system that will be able to generate at least $200 weekly for my parents up keep, then I can start talking of quitting my job.
That’s a nice approach. I feel what people should be more concerned about is ensuring and making sure that one has actually attained consistency in your trading success and you’re able to earn that much every week or month, then yeah it’s okay to take such step. Some traders are not even sure of their consistency in profitability, maybe they end up making good profits the first week or the second and maybe a month, and then they conclude that they’ve become consistent and then go ahead to quite their jobs without giving it a second thought, only to end up meeting some inconsistencies along the way and then start suffering for their decisions.
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1: will you quit your job first?
If I have become sure of the success that I can achieve in trading and I am still a staff member for someone, I will consider quitting my job to establish my own trading academy so I can monetize my knowledge and also be in profits even when I don't trade. After this, the rest can follow.
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If I have become sure of the success that I can achieve in trading and I am still a staff member for someone, I will consider quitting my job to establish my own trading academy so I can monetize my knowledge and also be in profits even when I don't trade. After this, the rest can follow.
That’s a good one!
Just like I said in my previous reply, the most important thing is being sure that your skills and strategies are truly effective for real, what people will call being tested and trusted. When you’re really sure that you can now truly depend on your trading skills and the profits are coming in, then you may consider Quitting your job if you feel that your job is claiming more of your time than expected and you’re finding it difficult to balance between your job and your trading career, then you may quit and focus more on your career.
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For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k.
Sorry, but that's not successful at all...
The average wage here is around 1500 euros, a 4-time increase would be 6000 euros, in order to buy a house for example I would need to be a trader and keep getting the same amount for at least 5 years, to quit a job I would take a 20% or 50% depending on your scenario hit on my finances, why do it?
I won't call anything that isn't bringing you at least 5x times your income in the worst month as "successful".
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1: will you quit your job first?
Of course No.
Because even though I seem successful in crypto trading, I personally am not a very focused and consistent trader. Moreover, there is a real job that I have to work on and I have responsibility for it. So I better keep the job in real life but also keep trying to do trading as much as I can and as optimally as I can.
2: will you buy a house first?
I really want to buy land to build a boarding house near campus. But it's very expensive, hopefully I can do it.
3: will you retire your parents first?
My parents retired a few years ago, so if I could get them to perform the Hajj, that would make me very grateful.
4: will you get married first?
I already have it and 3 children enough for me.
Often we have a plan, but for the future results, how will it be, it will depend on the efforts we have made. Then, we must also be able to maintain our ethics and responsibilities in our work, both in real life and in this crypto space.
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Being successful in trading, I believe that the trader should be making at least x2 - x4 of their normal monthly salary from trading. For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?
It's good that you share your opinion about "when a person stops working already and focus on crypto trading". For me, making x2-x4 might be a good option, but it's all about consistency. How consistent you are in making money. How consistent you are in covering your monthly expenses. Are you consistently profitable in the last few months to a year?
Double your job salary might be a good one, but what if you can only double your money every 3 months? or 6 months? That's why consistency is the key for me.
Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
1. I will not quit my job as I'm not profitable still in trading, but if I am, I'll make sure that I'm consistently making profit off of it then I'll decide.
2. I will of course. :)
3. I don't think that I can do it. They have the one that will decide for that.
4. Will not answer it as well. :P
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The main reason why I trade is because of the lack of freedom and small salary. We spend a lot of time in work but the salary is not enough to cover our bills and basic needs. And then I see that trading can resolve this problem. So for me, If I become successful in trading what I will do first is to quit my job. But for now, I am not profitable yet in trading, and I'm still continue learning so I will stick to my job first. I will only do that quitting the job if I earned a lot of money from trading and proved to my self that trading alone can sustain my wants and needs.
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The main reason why I trade is because of the lack of freedom and small salary. We spend a lot of time in work but the salary is not enough to cover our bills and basic needs. And then I see that trading can resolve this problem. So for me, If I become successful in trading what I will do first is to quit my job. But for now, I am not profitable yet in trading, and I'm still continue learning so I will stick to my job first. I will only do that quitting the job if I earned a lot of money from trading and proved to my self that trading alone can sustain my wants and needs.
are you sure you will leave your real job that provides passive income to invest in crypto?
I wouldn't even think so even though trading provides huge profits, it's just about how you publicly identify as a person who works normally.
But maybe it's a good choice for you as long as you're responsible for that choice.
don't just look at trading will always be successful, just look at how the failure of someone who trades until they lose everything, it's an unwanted process, then it takes to learn a lot and not just trade, but how you manage emotions, financial management and more, trading is very complex.
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The main reason why I trade is because of the lack of freedom and small salary. We spend a lot of time in work but the salary is not enough to cover our bills and basic needs. And then I see that trading can resolve this problem. So for me, If I become successful in trading what I will do first is to quit my job. But for now, I am not profitable yet in trading, and I'm still continue learning so I will stick to my job first. I will only do that quitting the job if I earned a lot of money from trading and proved to my self that trading alone can sustain my wants and needs.
are you sure you will leave your real job that provides passive income to invest in crypto?
I wouldn't even think so even though trading provides huge profits, it's just about how you publicly identify as a person who works normally.
But maybe it's a good choice for you as long as you're responsible for that choice.
don't just look at trading will always be successful, just look at how the failure of someone who trades until they lose everything, it's an unwanted process, then it takes to learn a lot and not just trade, but how you manage emotions, financial management and more, trading is very complex.
It is actually a big decision to quit a fully fledged job to invest solely in cryptocurrencies therefore it necessitates some important considerations. I have come across this and get a job in the real world is even harder than what we think it will be. We need to ensure it is based upon an overriding understanding not just limited to profit opportunities. Mental preparedness, financial skills and managing emotional state during risks that occur can be named among the most important factors to take into consideration. It would be very difficult to trade for a living but at the same time it simply means that it comes with a huge responsibility. For us to remain fluid, it is essential for us to learn and build up the skills in some areas such as how to handle the pressure as and when it comes. If well prepared this step is something that should bring positive results in to our lives.
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Some persons are fully dedicated on learning how to trade crypto currencies and become successful but on the process, they already have some heart desires of what they will do first when they finally because successful in trading. Being successful in trading, I believe that the trader should be making at least x2 - x4 of their normal monthly salary from trading. For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?
Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
Trading is inherently unpredictable and uncertain, making it impossible to guarantee profits. Therefore, if you achieve success in trading, it's essential to remain cautious and not make impulsive decisions.
Avoid quitting your job or advising your parents to retire from theirs solely based on your trading success. Trading fortunes can change rapidly, and a reversal of luck could leave you and your family in a difficult financial situation.
It's crucial to maintain a stable income source and not rely solely on trading for financial security. This approach will help you navigate the uncertainties of trading and ensure a more stable financial future for yourself and your loved ones.
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Trading is inherently unpredictable and uncertain, making it impossible to guarantee profits. Therefore, if you achieve success in trading, it's essential to remain cautious and not make impulsive decisions.
Avoid quitting your job or advising your parents to retire from theirs solely based on your trading success. Trading fortunes can change rapidly, and a reversal of luck could leave you and your family in a difficult financial situation.
It's crucial to maintain a stable income source and not rely solely on trading for financial security. This approach will help you navigate the uncertainties of trading and ensure a more stable financial future for yourself and your loved ones.
Indeed, your precautionary measures and advice are quite notable and commendable. It’s true that a lot of trader end up making impulsive decisions like the above listed decisions without thoroughly putting certain things into adequate consideration which of course may end up having consequences, but if a trader have already confirmed beyond reasonable doubt that his trading skill have become rather effective and reliable, not just that, but have also been able to make steady income from trading without depending on any other source for at least several months, then certainly, if he feels the need to focus more on his trading career by quitting his job, I see absolutely nothing wrong with that at all.
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Trading is inherently unpredictable and uncertain, making it impossible to guarantee profits. Therefore, if you achieve success in trading, it's essential to remain cautious and not make impulsive decisions.
Avoid quitting your job or advising your parents to retire from theirs solely based on your trading success. Trading fortunes can change rapidly, and a reversal of luck could leave you and your family in a difficult financial situation.
It's crucial to maintain a stable income source and not rely solely on trading for financial security. This approach will help you navigate the uncertainties of trading and ensure a more stable financial future for yourself and your loved ones.
Indeed, your precautionary measures and advice are quite notable and commendable. It’s true that a lot of trader end up making impulsive decisions like the above listed decisions without thoroughly putting certain things into adequate consideration which of course may end up having consequences, but if a trader have already confirmed beyond reasonable doubt that his trading skill have become rather effective and reliable, not just that, but have also been able to make steady income from trading without depending on any other source for at least several months, then certainly, if he feels the need to focus more on his trading career by quitting his job, I see absolutely nothing wrong with that at all.
If you have good trading skills and consistently get more profit than loss, someone chooses to quit their job and focus on trading is a decision that they have certainly considered. I have not dared to do that because I have needs that I must fulfill and in trading I cannot get daily profit consistently.
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The main reason why I trade is because of the lack of freedom and small salary. We spend a lot of time in work but the salary is not enough to cover our bills and basic needs. And then I see that trading can resolve this problem. So for me, If I become successful in trading what I will do first is to quit my job. But for now, I am not profitable yet in trading, and I'm still continue learning so I will stick to my job first. I will only do that quitting the job if I earned a lot of money from trading and proved to my self that trading alone can sustain my wants and needs.
are you sure you will leave your real job that provides passive income to invest in crypto?
I wouldn't even think so even though trading provides huge profits, it's just about how you publicly identify as a person who works normally.
But maybe it's a good choice for you as long as you're responsible for that choice.
don't just look at trading will always be successful, just look at how the failure of someone who trades until they lose everything, it's an unwanted process, then it takes to learn a lot and not just trade, but how you manage emotions, financial management and more, trading is very complex.
If you want to get out of work and focus on trading it should be contested well, because we are always faced with the needs that we must fulfill. And especially if you have a family, don't make the wrong decision to make a fight in the family. In trading we are always faced with risks that if we take a strategy will lose money.
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The main reason why I trade is because of the lack of freedom and small salary. We spend a lot of time in work but the salary is not enough to cover our bills and basic needs. And then I see that trading can resolve this problem. So for me, If I become successful in trading what I will do first is to quit my job. But for now, I am not profitable yet in trading, and I'm still continue learning so I will stick to my job first. I will only do that quitting the job if I earned a lot of money from trading and proved to my self that trading alone can sustain my wants and needs.
are you sure you will leave your real job that provides passive income to invest in crypto?
I wouldn't even think so even though trading provides huge profits, it's just about how you publicly identify as a person who works normally.
But maybe it's a good choice for you as long as you're responsible for that choice.
don't just look at trading will always be successful, just look at how the failure of someone who trades until they lose everything, it's an unwanted process, then it takes to learn a lot and not just trade, but how you manage emotions, financial management and more, trading is very complex.
Yes, I'm sure. What is the purpose of your job if the salary you earned can only get in just 1 trade? So you are just wasting time and effort to your job, it's better to use your free time to enjoy yourself or spend time with your family. I don't really need to become more rich if I'm already rich because if I die I can't carry those wealth And also we are not born to make money, and if only I can get what I want and needs, I will not do all of this. I just want to live a happy and simple life with my family.
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It depends on the kind of job that I am doing. Of it's a work from home job and flexible, I wouldn't quit my job. However, quitting of job shouldn't be the first thing in my mind because I need to invest the funds that I am getting from trading into an investment that can bring me daily income. After that based I will buy bitcoin. My parents can still be going to work since they have not reached their age of retirement.
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Actually speaking success in trading is not easy, but it can happen to everyone if we really want to learn seriously and consistently. But if success happens to me then I will do many things, the first is to make my family happy. Children, wife and parents, they must be special. Next of course buy a comfortable house to live with family, buy a car and others. If we have a lot of money, of course there will be many things we will do.
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Actually speaking success in trading is not easy, but it can happen to everyone if we really want to learn seriously and consistently. But if success happens to me then I will do many things, the first is to make my family happy. Children, wife and parents, they must be special. Next of course buy a comfortable house to live with family, buy a car and others. If we have a lot of money, of course there will be many things we will do.
The desire to succeed is definitely an illusion that incites passion if we know that the optimal goal is to make our family happy and give a better life to those around us. Only hard work can bring a positive result and when it does we are happy not only for ourselves but for all the people who always stood behind us. The plans that have been designed, from caring for family to meeting greater needs demonstrate how useful the result of hard work for matters of significance is. This is why it is growingly possible to turn decisive, to nurture a desire to progress, and these are genuinely good reasons to rejoice.
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Some persons are fully dedicated on learning how to trade crypto currencies and become successful but on the process, they already have some heart desires of what they will do first when they finally because successful in trading. Being successful in trading, I believe that the trader should be making at least x2 - x4 of their normal monthly salary from trading. For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?
Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
An interesting topic here...
Though there can be changes in plans as a man grows older in age... I can vividly say, making a stable profit (x4) on my own perspective will be a very great achievement for me...
I guess it would make me reduce stress of work and probably I can become a part-time worker, and have more time for myself and focus on my trading..
With my stable profit making, I'll set a target price for my Trading Account, when I'm able to grow the account to that amount... I will completely stop working and set up a business for myself.. Then I'll retire my parents from working and renovate the house, make it look very spicy, standard and comfortable...
Then as I grow older in age I'll have some greater plans to execute with my funds.
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Actually speaking success in trading is not easy, but it can happen to everyone if we really want to learn seriously and consistently. But if success happens to me then I will do many things, the first is to make my family happy. Children, wife and parents, they must be special. Next of course buy a comfortable house to live with family, buy a car and others. If we have a lot of money, of course there will be many things we will do.
Your goal is very good if you want to make your family happy with crypto trading income. I will also do the same thing as you but my income from trading is inconsistent so I use my trading profits to add to my crypto asset collection.
maybe because my capital is not that big.
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Actually speaking success in trading is not easy, but it can happen to everyone if we really want to learn seriously and consistently. But if success happens to me then I will do many things, the first is to make my family happy. Children, wife and parents, they must be special. Next of course buy a comfortable house to live with family, buy a car and others. If we have a lot of money, of course there will be many things we will do.
Your goal is very good if you want to make your family happy with crypto trading income. I will also do the same thing as you but my income from trading is inconsistent so I use my trading profits to add to my crypto asset collection.
maybe because my capital is not that big.
It's okay, because it takes a very long time to get consistent results. But at least we have tried hard and that is also our advantage over others.
Sometimes we have to look down, I mean we can look at people who don't know crypto. Because by doing so we can be grateful because we are part of those who already know crypto and even earn income.
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I can't memorize well when the first time becoming successful in trading because have been longer time since entering in cryptocurrency trading, last three or four years ago looks easily when trading at ICO project coins after buying on ICO pre sale get higher price when listing at market without make analyze.
For today not easily and have work hard how to get profitable and become success in trading, must research and analyze about which one top or potential coins have to buy and not all coins guarantee will raise up to higher price after huge decreasing.
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Sometimes we have to look down, I mean we can look at people who don't know crypto. Because by doing so we can be grateful because we are part of those who already know crypto and even earn income.
Yeah, sometimes I do this, and by looking back and seeing people who are still ignorant about the crypto world, it makes me remember I was once like that, makes me realize how far I’ve come and see for a fact that all the years of dedication and effort where not really for nothing, makes me also feel grateful and also appreciate where I am now, even when sometimes I feel I’m really not where I’m dreaming of being yet, but still I still get to realize I’m making amazing progress.
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I can't memorize well when the first time becoming successful in trading because have been longer time since entering in cryptocurrency trading, last three or four years ago looks easily when trading at ICO project coins after buying on ICO pre sale get higher price when listing at market without make analyze.
that is because back then not many people knew how to make projects or even was interested in doing so back then you know that if someone launched a project you know that there was a thorough studying and planning that went into that project but nowadays since a lot more people got interested in launching their own projects the industry became infiltrated with not so well thought out projects
anyway if i become successful in trading there is only one thing to do and that is to continue trading and use my profits to trade again the most important thing is to know what project you should be trading
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Sometimes we have to look down, I mean we can look at people who don't know crypto. Because by doing so we can be grateful because we are part of those who already know crypto and even earn income.
Yeah, sometimes I do this, and by looking back and seeing people who are still ignorant about the crypto world, it makes me remember I was once like that, makes me realize how far I’ve come and see for a fact that all the years of dedication and effort where not really for nothing, makes me also feel grateful and also appreciate where I am now, even when sometimes I feel I’m really not where I’m dreaming of being yet, but still I still get to realize I’m making amazing progress.
We really have to appreciate what we have achieved. Even though we are still not very successful like other people, what we have achieved is also something that other people might really want to achieve.
Sometimes we forget that, and I have experienced that too. How ungrateful with what we have achieved. But suddenly I looked at other people who weren't familiar with crypto once again. Not to belittle, but to motivate myself.
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Actually speaking success in trading is not easy, but it can happen to everyone if we really want to learn seriously and consistently. But if success happens to me then I will do many things, the first is to make my family happy. Children, wife and parents, they must be special. Next of course buy a comfortable house to live with family, buy a car and others. If we have a lot of money, of course there will be many things we will do.
Your goal is very good if you want to make your family happy with crypto trading income. I will also do the same thing as you but my income from trading is inconsistent so I use my trading profits to add to my crypto asset collection.
maybe because my capital is not that big.
If we already have a family, of course whatever it is, the number one is family. Family happiness must be everyone's dream, including me and you should too. Therefore, even though I already have a real job, I still do work in crypto such as participating in signature campaigns, Airdrops and also bounties. Some of the results of the hunt I trade and I withdraw to buy family needs.
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We really have to appreciate what we have achieved. Even though we are still not very successful like other people, what we have achieved is also something that other people might really want to achieve.
Sometimes we forget that, and I have experienced that too. How ungrateful with what we have achieved. But suddenly I looked at other people who weren't familiar with crypto once again. Not to belittle, but to motivate myself.
Yeah, people often dream and fantasize about things they’re yet to achieve that they often forget to appreciate things they already have and have achieved, they also fail to realize that there millions of people in the world that are praying to have half of what they have achieved. Life is a process and as long as one equip himself with patience, resilience and consistency, there’s no height that’s impossible to achieve.
Of course, there are so many people who are not knowledgeable enough about cryptocurrency and when we look at them, it can serve as motivation to keep doing what we are doing because it makes us see just how much we’ve progressed over the years.
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We really have to appreciate what we have achieved. Even though we are still not very successful like other people, what we have achieved is also something that other people might really want to achieve.
Sometimes we forget that, and I have experienced that too. How ungrateful with what we have achieved. But suddenly I looked at other people who weren't familiar with crypto once again. Not to belittle, but to motivate myself.
Yeah, people often dream and fantasize about things they’re yet to achieve that they often forget to appreciate things they already have and have achieved, they also fail to realize that there millions of people in the world that are praying to have half of what they have achieved. Life is a process and as long as one equip himself with patience, resilience and consistency, there’s no height that’s impossible to achieve.
Of course, there are so many people who are not knowledgeable enough about cryptocurrency and when we look at them, it can serve as motivation to keep doing what we are doing because it makes us see just how much we’ve progressed over the years.
It's okay to dream, but we also have to see what we have done to achieve that dream. Don't just dream but don't do anything.
Sometimes something we can achieve comes from the dreams we create. So it can be a very big thing, but it must be accompanied by doing whatever it takes to achieve that dream, don't just stay silent.
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If we already have a family, of course whatever it is, the number one is family. Family happiness must be everyone's dream, including me and you should too. Therefore, even though I already have a real job, I still do work in crypto such as participating in signature campaigns, Airdrops and also bounties. Some of the results of the hunt I trade and I withdraw to buy family needs.
There should be a main job and a side hustle to fill the gap inside your soul, which would eventually transform into something greater and better, imo.
And I agree - family first.
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It's okay to dream, but we also have to see what we have done to achieve that dream. Don't just dream but don't do anything.
Sometimes something we can achieve comes from the dreams we create. So it can be a very big thing, but it must be accompanied by doing whatever it takes to achieve that dream, don't just stay silent.
Of course dreams don’t actualize themselves, it takes more than just dreaming and planning to achieve success, yes dreaming and putting plans in place is good and very necessary, because without those, it’s impossible to have set the goals and when the goals are not set, achieving success becomes impossible because you may not even know where to start. So it’s crucial to have dreams and also put plans in place on how to actualize those dreams.
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It's okay to dream, but we also have to see what we have done to achieve that dream. Don't just dream but don't do anything.
Sometimes something we can achieve comes from the dreams we create. So it can be a very big thing, but it must be accompanied by doing whatever it takes to achieve that dream, don't just stay silent.
Of course dreams don’t actualize themselves, it takes more than just dreaming and planning to achieve success, yes dreaming and putting plans in place is good and very necessary, because without those, it’s impossible to have set the goals and when the goals are not set, achieving success becomes impossible because you may not even know where to start. So it’s crucial to have dreams and also put plans in place on how to actualize those dreams.
"where to start", well this is something that often happens. Yes, some people are confused about where to start and that sometimes makes things complicated.
Therefore, we also have to learn a lot, from books, other people's experiences and so on, so that we can make long-term plans with the goals that we have set at the beginning. That is very important, because with a plan, what we do can be controlled well.
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"where to start", well this is something that often happens. Yes, some people are confused about where to start and that sometimes makes things complicated.
Therefore, we also have to learn a lot, from books, other people's experiences and so on, so that we can make long-term plans with the goals that we have set at the beginning. That is very important, because with a plan, what we do can be controlled well.
Knowledge => practice => expertise.
One comes after another.
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Thank you very much for your unbelievable and unexpected question in this time. I will be retire my parents must at first. Because I think that they would be old person in this time, so I believe that if we can get retire them I think that it will be very happy moments for me. Because when they would have young, they are trying to happy to me in the every step of our life. So I believe that it will be correct decision for me. But if we don't understand how to earn best profit from trading, then we must losses from cryptocurrency market.
Yes, I understand your point of view, but I want you to know that when someone has a lot of money, they can get confused about how to use it. This is especially true for successful traders, who may face difficult decisions. To avoid making wrong choices, it's essential to think calmly and consider the future implications of your decisions. Becoming successful in trading doesn't mean you should quit your job. Trading is complicated, and success can be unpredictable. Instead of relying solely on trading, continue working and diversify your income streams.
It's also important to consider your family's financial situation. If your parents are able and willing to work, don't advise them to quit their jobs just because you've been successful in trading. Remember that trading involves both profits and losses, so make informed decisions and plan for the future.
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"where to start", well this is something that often happens. Yes, some people are confused about where to start and that sometimes makes things complicated.
Therefore, we also have to learn a lot, from books, other people's experiences and so on, so that we can make long-term plans with the goals that we have set at the beginning. That is very important, because with a plan, what we do can be controlled well.
I don’t know for sure, but people tend to say that that best plans always comes when the resources are not currently available to execute those plans, and when the resources are suddenly available, it’s like the plans and all that stuffs just disappears (for some people). Although I find this to be true to an extent though, and that’s why it’s essential to always remember the first and initial plans that one had before they achieved that status. And just like you rightly said, when we get to remember these plans at all time, we get to make more better choices.
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"where to start", well this is something that often happens. Yes, some people are confused about where to start and that sometimes makes things complicated.
Therefore, we also have to learn a lot, from books, other people's experiences and so on, so that we can make long-term plans with the goals that we have set at the beginning. That is very important, because with a plan, what we do can be controlled well.
I don’t know for sure, but people tend to say that that best plans always comes when the resources are not currently available to execute those plans, and when the resources are suddenly available, it’s like the plans and all that stuffs just disappears (for some people). Although I find this to be true to an extent though, and that’s why it’s essential to always remember the first and initial plans that one had before they achieved that status. And just like you rightly said, when we get to remember these plans at all time, we get to make more better choices.
Sometimes some people have considered themselves to have done planning, but in fact they have not. At least that's what I felt when I first got to know this space. It wasn't planning but it came from emotions that were formed because they wanted to get profit quickly.
Facing something like this, honestly I have to have a level of self-awareness, because in the end, self-evaluation becomes a very important thing.
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Initially trading will never be a specific income because there will be calculations of profit and loss. whenever your trading strategy goes to the profit more than damage then you can fulfill your dream with that profit. Anyway coming to your question, if i become a smart trader means all my trading strategies are only for profit then i will quit my job and just trade. Whenever i earn a lot of funds from trading then i will buy houses, cars, it is natural. Personally i save a large amount part of my profits for the future.
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Sometimes some people have considered themselves to have done planning, but in fact they have not. At least that's what I felt when I first got to know this space. It wasn't planning but it came from emotions that were formed because they wanted to get profit quickly.
Facing something like this, honestly I have to have a level of self-awareness, because in the end, self-evaluation becomes a very important thing.
I completely get the point you’re trying to make, but then again, I still believe that having a solid plan is very crucial, yes self evaluation is also very important as this also helps you to revisit your initial plans and possibly make some necessary improvements and readjustments in order to make it more effective.
Of course no one can actually plan enough, because you likely do not know what the future holds, but then again you can’t just leave everything to happen on its own, sometimes you make things happen too, and how can you do that when you don’t have a target?
It’s true one cannot plan enough, but one should at least attempt to, then as you proceed, you can do some self evaluations and possibly revisit those plans an put it in a more better shape.
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Initially trading will never be a specific income because there will be calculations of profit and loss. whenever your trading strategy goes to the profit more than damage then you can fulfill your dream with that profit. Anyway coming to your question, if i become a smart trader means all my trading strategies are only for profit then i will quit my job and just trade. Whenever i earn a lot of funds from trading then i will buy houses, cars, it is natural. Personally i save a large amount part of my profits for the future.
Trading is not something easy because it requires skills in making the right strategy.
I have been learning trading for a long time and have not dared to quit my job because in trading I do not always profit, I sometimes experience losses.
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Initially trading will never be a specific income because there will be calculations of profit and loss. whenever your trading strategy goes to the profit more than damage then you can fulfill your dream with that profit. Anyway coming to your question, if i become a smart trader means all my trading strategies are only for profit then i will quit my job and just trade. Whenever i earn a lot of funds from trading then i will buy houses, cars, it is natural. Personally i save a large amount part of my profits for the future.
Trading is not something easy because it requires skills in making the right strategy.
I have been learning trading for a long time and have not dared to quit my job because in trading I do not always profit, I sometimes experience losses.
One of the most important challenges traders face is managing their emotions. Fear and greed drive many trading decisions. They can cloud your judgment and impair your ability to make rational decisions. Personally i myself have not yet been smart from trading so the amount of loss is always in my bag. I am afraid of losing money myself so i can't trading with big funds even if they want. But i would like to be a successful trader that is a big challenge.
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Sometimes some people have considered themselves to have done planning, but in fact they have not. At least that's what I felt when I first got to know this space. It wasn't planning but it came from emotions that were formed because they wanted to get profit quickly.
Facing something like this, honestly I have to have a level of self-awareness, because in the end, self-evaluation becomes a very important thing.
I completely get the point you’re trying to make, but then again, I still believe that having a solid plan is very crucial, yes self evaluation is also very important as this also helps you to revisit your initial plans and possibly make some necessary improvements and readjustments in order to make it more effective.
Of course no one can actually plan enough, because you likely do not know what the future holds, but then again you can’t just leave everything to happen on its own, sometimes you make things happen too, and how can you do that when you don’t have a target?
It’s true one cannot plan enough, but one should at least attempt to, then as you proceed, you can do some self evaluations and possibly revisit those plans an put it in a more better shape.
You are right about this, even though we have planned something carefully, it does not mean that the planning can run according to what is desired, one of the things that affects it is the future that cannot be predicted, especially if it is related to a very volatile market.
We must have at least 1 plan that can be a backup when unwanted things happen.
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You are right about this, even though we have planned something carefully, it does not mean that the planning can run according to what is desired, one of the things that affects it is the future that cannot be predicted, especially if it is related to a very volatile market.
We must have at least 1 plan that can be a backup when unwanted things happen.
Exactly.
Humans lack the ability to accurately predict future occurrences, we may only design a particular outcome that we desire in our mind, and then plan towards actualizing those plans, but there’s actually no guarantee that those plans can actually happen according to how we planned them, and that’s why it’s very important to have a backup plan so just incase those initial plans fail.
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You are right about this, even though we have planned something carefully, it does not mean that the planning can run according to what is desired, one of the things that affects it is the future that cannot be predicted, especially if it is related to a very volatile market.
We must have at least 1 plan that can be a backup when unwanted things happen.
Exactly.
Humans lack the ability to accurately predict future occurrences, we may only design a particular outcome that we desire in our mind, and then plan towards actualizing those plans, but there’s actually no guarantee that those plans can actually happen according to how we planned them, and that’s why it’s very important to have a backup plan so just incase those initial plans fail.
good advice, we should have a backup plan if the main plan fails. And I agree with you, no one can predict accurately, that's why research and analysis are needed in crypto investment, even though it can't be 100% accurate, at least it's close to accurate and we can get profit.
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good advice, we should have a backup plan if the main plan fails. And I agree with you, no one can predict accurately, that's why research and analysis are needed in crypto investment, even though it can't be 100% accurate, at least it's close to accurate and we can get profit.
Indeed, conducting one’s own research in the crypto space is an advice that is always given out to people. We are advice to conduct some researches, not because it’ll make us to tell future outcomes, but simply to make us see and bring to light certain facts we would’ve actually seen from a distance view, thereby helping us to come up with a more realistic solution and decision to that current situation.
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You are right about this, even though we have planned something carefully, it does not mean that the planning can run according to what is desired, one of the things that affects it is the future that cannot be predicted, especially if it is related to a very volatile market.
We must have at least 1 plan that can be a backup when unwanted things happen.
Exactly.
Humans lack the ability to accurately predict future occurrences, we may only design a particular outcome that we desire in our mind, and then plan towards actualizing those plans, but there’s actually no guarantee that those plans can actually happen according to how we planned them, and that’s why it’s very important to have a backup plan so just incase those initial plans fail.
I also get used to at least preparing for the worst case scenario that I will face. Sometimes we forget that bad things can happen, so we usually ignore them because we don't pay much attention to them.
Even though this is also very important to do. Not hoping for bad things to happen, of course we don't want something like that to happen. But at least we are ready for everything that will happen.
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Some persons are fully dedicated on learning how to trade crypto currencies and become successful but on the process, they already have some heart desires of what they will do first when they finally because successful in trading. Being successful in trading, I believe that the trader should be making at least x2 - x4 of their normal monthly salary from trading. For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?
Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
I am fortunate that my parents have their own house already. So, I can focus on other things for myself. I'll buy a house and then have it rented and will repeat it for many times. I won't quit my job, I'll continue working on it because I have been used to it and these things have been what I like to do. In current times, it's hard to rely on one source so if I happen to become successful with trading and even in investing, that's what I will do and also will enjoy some.
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I also get used to at least preparing for the worst case scenario that I will face. Sometimes we forget that bad things can happen, so we usually ignore them because we don't pay much attention to them.
Even though this is also very important to do. Not hoping for bad things to happen, of course we don't want something like that to happen. But at least we are ready for everything that will happen.
Emergencies are inevitable and it’ll be foolish no to plan for them, things can’t always go as planned and most of the times, unforeseen circumstances may arise and if no it appears that we didn’t prepare or plan for them, then we’ll definitely get caught up in a mess. So preparing for emergencies should be a necessity and a priority, the same way people need food and shelter, that is how they should prioritize having a solid emergency fund in place. It’s not as if we are actually planning for these emergencies but we really don’t need to plan for them before they can occur.
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I also get used to at least preparing for the worst case scenario that I will face. Sometimes we forget that bad things can happen, so we usually ignore them because we don't pay much attention to them.
Even though this is also very important to do. Not hoping for bad things to happen, of course we don't want something like that to happen. But at least we are ready for everything that will happen.
Emergencies are inevitable and it’ll be foolish no to plan for them, things can’t always go as planned and most of the times, unforeseen circumstances may arise and if no it appears that we didn’t prepare or plan for them, then we’ll definitely get caught up in a mess. So preparing for emergencies should be a necessity and a priority, the same way people need food and shelter, that is how they should prioritize having a solid emergency fund in place. It’s not as if we are actually planning for these emergencies but we really don’t need to plan for them before they can occur.
Well that's the point, we can't do something suddenly, so careful planning is the most ideal to prepare for everything that will happen.
This is something that can actually be minimized, depending on us whether we want to do it or not. Questions that only we can answer ourselves, do not have to be expressed but are enough to be in the mind.
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1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
It has nothing to do with being successful in trading. But of course, if you can make big profits from trading successfully, you should use them again in trading and invest in a hard asset without taking big risk, it can be house, real estate, gold, bank bonds etc. Then you can be very strong in your financial situation because you cannot always profit in trading. Sometimes you will make a lot of profit and suddenly you can make a big loss. So one should not use trading as one's main source of income. Everyone should have a passive income from which he can meet his regular expenses.
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It has nothing to do with being successful in trading. But of course, if you can make big profits from trading successfully, you should use them again in trading and invest in a hard asset without taking big risk, it can be house, real estate, gold, bank bonds etc. Then you can be very strong in your financial situation because you cannot always profit in trading. Sometimes you will make a lot of profit and suddenly you can make a big loss. So one should not use trading as one's main source of income. Everyone should have a passive income from which he can meet his regular expenses.
Well, I do not argue the authenticity of your statement as I also believe that having a passive income is very ideal, even if one has a profitable career in trading, but then again, do you realize that a trader can be so damn good and profitable in their trades to the extent that they can do without a passive income? This is all about experience and strategy, that’s a trader’s greatest tools and the more they’re able to develop these two, the more better they become in trading and the more profit they’re able to make. So there’s a point that a trader can reach, it’ll only be optional for him to do choose whether or not to invest in other things or just concentrate in trading.
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Well that's the point, we can't do something suddenly, so careful planning is the most ideal to prepare for everything that will happen.
This is something that can actually be minimized, depending on us whether we want to do it or not. Questions that only we can answer ourselves, do not have to be expressed but are enough to be in the mind.
Yes, planning is part of our strategy when trading, and this is one of the important parts because it can have a good or bad impact on the results. Yes, although there are other factors related to how our strategy is during the trading process.
But at least, with a mature plan, it means that our preparation is also good enough, at least we are not blind when starting trading. Whatever it is, everything must have risks, but the risks may not be able to be handled when we start it without a mature plan and preparation from various aspects.
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Some persons are fully dedicated on learning how to trade crypto currencies and become successful but on the process, they already have some heart desires of what they will do first when they finally because successful in trading. Being successful in trading, I believe that the trader should be making at least x2 - x4 of their normal monthly salary from trading. For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?
Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
1. If my trading does require full time then yes, but if its pertaining about swing trades then i wont.
2. Investment and business will be the priority then next will be house,cars,wants.
3. This is something a decision that you cant be able to do but having some recommendations or suggestions isnt bad.
4. Finding the love of your life shouldnt be something that needs up to be rushed, everything does have its time.
Sounds cool and good? This is what everyone wants or really that wished for but of course this isnt something a skill that you can be easily to acquire. Therefore, if you do have this kind of target then work hard your ass on.
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If what is planned goes according to plan, the four points will be easily realized one by one, what happens if the moment is not right, the market is not friendly and that makes us wait and even make bad decisions rashly because there is something at stake and our money is decreasing in estimated value. Trading is sometimes fun, sometimes annoying.
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If what is planned goes according to plan, the four points will be easily realized one by one, what happens if the moment is not right, the market is not friendly and that makes us wait and even make bad decisions rashly because there is something at stake and our money is decreasing in estimated value. Trading is sometimes fun, sometimes annoying.
Trading is also about adaptation, imo.
Nothing wrong when things go in the direction that wasn't expected - there will be good days and there will be bad days, indeed.
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Well that's the point, we can't do something suddenly, so careful planning is the most ideal to prepare for everything that will happen.
This is something that can actually be minimized, depending on us whether we want to do it or not. Questions that only we can answer ourselves, do not have to be expressed but are enough to be in the mind.
Yes, planning is part of our strategy when trading, and this is one of the important parts because it can have a good or bad impact on the results. Yes, although there are other factors related to how our strategy is during the trading process.
But at least, with a mature plan, it means that our preparation is also good enough, at least we are not blind when starting trading. Whatever it is, everything must have risks, but the risks may not be able to be handled when we start it without a mature plan and preparation from various aspects.
Risk is something that we cannot separate in any case, because everything we do must have a risk that will be in line with the benefits that we can get.
We have talked about this a lot, so we should be familiar with all the risks that exist. I mean make planning as initial capital for us to face a risk that we will face in the future.
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Some persons are fully dedicated on learning how to trade crypto currencies and become successful but on the process, they already have some heart desires of what they will do first when they finally because successful in trading. Being successful in trading, I believe that the trader should be making at least x2 - x4 of their normal monthly salary from trading. For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?
Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
When I become very successful in trading, I will give my parents a pension to keep them happy and peaceful. I love my parents very much, they raised me with a lot of hardships, now if I can earn income and be successful or can be successful in trading, then of course I will keep my parents happy and peaceful and this is the responsibility and duty of every child. I will not quit my job because along with my job, I will trade and do other things because my job is my main vehicle.
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When I become very successful in trading, I will give my parents a pension to keep them happy and peaceful. I love my parents very much, they raised me with a lot of hardships, now if I can earn income and be successful or can be successful in trading, then of course I will keep my parents happy and peaceful and this is the responsibility and duty of every child. I will not quit my job because along with my job, I will trade and do other things because my job is my main vehicle.
You’re very correct. It’s indeed your responsibility to take care of your parents while they grow old and toothless, because the more they grow, the more they approach the point that they can’t work or take care of themselves, so ya left for us to take up that responsibility.
And about not quitting your job, do you know that it could get to a point where you’d want to consider your trading as a full time job and career, and if that’s so, you know too well that taking up another job would disrupt that decision as the other job could serve as either a major or slight distraction to you and your trading career. So at this point, would you still consider keeping the job, when you know too well that you could make even more if invest that time in your trading.
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If what is planned goes according to plan, the four points will be easily realized one by one, what happens if the moment is not right, the market is not friendly and that makes us wait and even make bad decisions rashly because there is something at stake and our money is decreasing in estimated value. Trading is sometimes fun, sometimes annoying.
Yes, because trading is that risky. Trading does not always bring profit, and it will not always be a loss. There will definitely be all the pluses and minuses. It's just that, how much profit or loss will depend on each individual's ability to do the trading. Because by mastering trading skills, you definitely have a way to trade wiser and calmer even when hit by market correction. Because sometimes there are also tactics to optimize profits when market conditions are dropping too.
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If what is planned goes according to plan, the four points will be easily realized one by one, what happens if the moment is not right, the market is not friendly and that makes us wait and even make bad decisions rashly because there is something at stake and our money is decreasing in estimated value. Trading is sometimes fun, sometimes annoying.
Yes, because trading is that risky. Trading does not always bring profit, and it will not always be a loss. There will definitely be all the pluses and minuses. It's just that, how much profit or loss will depend on each individual's ability to do the trading. Because by mastering trading skills, you definitely have a way to trade wiser and calmer even when hit by market correction. Because sometimes there are also tactics to optimize profits when market conditions are dropping too.
Agreed, in trading we will not always win but sometimes experience losses because the crypto market is volatile and sometimes our strategies and predictions are not right. That's why trading requires skills and experience. We must always learn to be better and always seek experience in order to become a professional trader.
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~snip~
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
1. No, I will not quit my real job for crypto, because crypto is unpredictable, the price always changes, there is no certainty of income from crypto every month. It is better for me to continue working and in between my work I am also involved in this crypto business. This is more balanced in my opinion.
2. Of course, I want to buy a house because where I live to build a house is very difficult and requires a lot of money.
3. No, my parents work real jobs and their income is probably greater than my salary from my job.
4. This is a difficult choice, I prefer to hide my identity for marriage matters. I do not want to answer this question. Sorry.
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At first trading is not a certain income which you would determined what you will gain at every month end, weekly and daily. Trading most times involves profits and lose and you can't expect to be aiming at 1k every month or 1k every week because you can't be sure of your outcome precisely.
So, If I were to be the trader what I would do is to have more business created from the profits getting from my work/trading, to also increased my earning at every week/months before however thinks about establishing anyone or even taking additional responsibility to yourself.
Usually as Wo/man who want to go into marriage and taking additional responsibility to themselves you need to know and be sure of your weekly/monthly income, even before retiring your parents.
The rate of profit from trading cryptocurrency depends on the amount of capital inputs. Therefore, it is possible to earn $1k every week, though it requires that a trader must enter a buy position at the right time with at least, $15k as capital.
In addition, trading with large capital, with good knowledge and experiences of the crypto market determined the rate at which a trader earn over times. Generally speaking, poor trading profits/losses outcome attributes to the level of capital used in trading. This is my opinion
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At first trading is not a certain income which you would determined what you will gain at every month end, weekly and daily. Trading most times involves profits and lose and you can't expect to be aiming at 1k every month or 1k every week because you can't be sure of your outcome precisely.
So, If I were to be the trader what I would do is to have more business created from the profits getting from my work/trading, to also increased my earning at every week/months before however thinks about establishing anyone or even taking additional responsibility to yourself.
Usually as Wo/man who want to go into marriage and taking additional responsibility to themselves you need to know and be sure of your weekly/monthly income, even before retiring your parents.
The rate of profit from trading cryptocurrency depends on the amount of capital inputs. Therefore, it is possible to earn $1k every week, though it requires that a trader must enter a buy position at the right time with at least, $15k as capital.
In addition, trading with large capital, with good knowledge and experiences of the crypto market determined the rate at which a trader earn over times. Generally speaking, poor trading profits/losses outcome attributes to the level of capital used in trading. This is my opinion
Even the $15k there are people who would that amount today and still ends up losing them without making profits, even though you said profit are subjected to the amount which we use to start trading is also dependant of the trader. Like I know even if your account is being funded 100k if you not a good trader that amounts would still be sweep off immediately you open trade. So be it small or large the trader also matters a lot.
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1: will you quit your job first?
I agree with you rushing to quit a job is not the best idea,i will establish more business,i can still be working and also having time to observe my other investment(business).
I will not quit my job immediately Before considering quitting my job, I would like to stabilize my finances and use the profits from trading to invest in other businesses that can generate guaranteed returns. However, if the job provides me with enough time, I will not quit because it is not too time-consuming.
2: will you buy a house first?
I have always admired a luxurious house, so getting it would not be an immediate priority. Like I mentioned before, my first goal will be to increase my sources of income so that I can afford the type of house I want. It will be pointless to buy a house I do not want because I am in a hurry.
3: will you retire your parents first?
My parents will continue to work because if they stop, they will age more quickly. Working allows the entire body to function because jobs can be tasking and fun at the same time and so I would let them to continue interfacing with their work environment while still providing the necessary support.
4: will you get married first?
Since I already have a family, I would improve their standard of living. This also entails providing them with the necessary funds to establish outlets that can generate funds for them. It is not prudent to have dependants around when they can be empowered to stand on their own.
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I also get used to at least preparing for the worst case scenario that I will face. Sometimes we forget that bad things can happen, so we usually ignore them because we don't pay much attention to them.
Even though this is also very important to do. Not hoping for bad things to happen, of course we don't want something like that to happen. But at least we are ready for everything that will happen.
Emergencies are inevitable and it’ll be foolish no to plan for them, things can’t always go as planned and most of the times, unforeseen circumstances may arise and if no it appears that we didn’t prepare or plan for them, then we’ll definitely get caught up in a mess. So preparing for emergencies should be a necessity and a priority, the same way people need food and shelter, that is how they should prioritize having a solid emergency fund in place. It’s not as if we are actually planning for these emergencies but we really don’t need to plan for them before they can occur.
It is being said that when you fail to plan, you plan to fail. Letting lose of those important things, yet they sound or look as if they're not important is when there comes circumstances that can be catastrophic at the end of all event. Making plans for things that can possibly happen or setting aside funds for some unforseen circumstances can be an edge to stand back.
It is good that bad things don't happen, but at a point, it is something that becomes bond to happen, so, it is better we just make side plans in case it happens.
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At first trading is not a certain income which you would determined what you will gain at every month end, weekly and daily. Trading most times involves profits and lose and you can't expect to be aiming at 1k every month or 1k every week because you can't be sure of your outcome precisely.
So, If I were to be the trader what I would do is to have more business created from the profits getting from my work/trading, to also increased my earning at every week/months before however thinks about establishing anyone or even taking additional responsibility to yourself.
Usually as Wo/man who want to go into marriage and taking additional responsibility to themselves you need to know and be sure of your weekly/monthly income, even before retiring your parents.
The rate of profit from trading cryptocurrency depends on the amount of capital inputs. Therefore, it is possible to earn $1k every week, though it requires that a trader must enter a buy position at the right time with at least, $15k as capital.
In addition, trading with large capital, with good knowledge and experiences of the crypto market determined the rate at which a trader earn over times. Generally speaking, poor trading profits/losses outcome attributes to the level of capital used in trading. This is my opinion
Even the $15k there are people who would that amount today and still ends up losing them without making profits, even though you said profit are subjected to the amount which we use to start trading is also dependant of the trader. Like I know even if your account is being funded 100k if you not a good trader that amounts would still be sweep off immediately you open trade. So be it small or large the trader also matters a lot.
I agree with you, it's not because you have big capital to trade means that profit is guaranteed. It is when you know how to usw your capital in the right direction of the market based on your experience and skill is when you can make profits. Trading is veey risky and no one is above losing which is why you shouldn't trade with more than the amount of money that you can cannot afford to lose.
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It is being said that when you fail to plan, you plan to fail. Letting lose of those important things, yet they sound or look as if they're not important is when there comes circumstances that can be catastrophic at the end of all event. Making plans for things that can possibly happen or setting aside funds for some unforseen circumstances can be an edge to stand back.
It is good that bad things don't happen, but at a point, it is something that becomes bond to happen, so, it is better we just make side plans in case it happens.
Well, we are focusing on future plans after the success of trading, we should not go too far and get lost in the issue of risk management and prevention of bad situations in this market. It is certainly a good topic but should be discussed in another topic.
I think preparing and being ready for success is also an important part of investors psychology. It helps investors maintain their initial goals when they enter the market, and at the same time creates motivation for them to try, be cautious and continuously learn.
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I agree with you, it's not because you have big capital to trade means that profit is guaranteed. It is when you know how to usw your capital in the right direction of the market based on your experience and skill is when you can make profits. Trading is veey risky and no one is above losing which is why you shouldn't trade with more than the amount of money that you can cannot afford to lose.
I agree with you, having a large capital if you do not have expertise in trading does not guarantee that we will get a large profit, sometimes even lose.
And what you said is right, we should use money that we can afford to lose in trading so we trade without worrying about losing our capital.
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It is good that bad things don't happen, but at a point, it is something that becomes bond to happen, so, it is better we just make side plans in case it happens.
Sure. No one actually wish or prays for bad things to happen in their lives, but regardless we should never forget that these things are inevitable and can happen at anytime, so it’s better to first of all put certain plans in place to help salvage the situation whenever it decides to come up. This is not only present in investments but also every area and aspect of a person’s life.
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If I am successful in trading in crypto, first I will provide security for my parents' old age, then I will invest in crypto and open an offline business to create jobs for people who really need it, so that the profits from my trading can circulate and still be able to produce even if the market is not doing well.
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I agree with you, having a large capital if you do not have expertise in trading does not guarantee that we will get a large profit, sometimes even lose.
And what you said is right, we should use money that we can afford to lose in trading so we trade without worrying about losing our capital.
I don't see any reason why would any person engage in trading when they don't have any trading experience because you are just trying to enter a very big problem that you might not have your way out later. Instead of doing that, take small portion of your capital and used that to practice trading or better still learn demo before you try trading.
If you do demo trading and understand trading, then you can start with small capital and make sure that you used atleast a month because your first profit can make it look like you are expert but in the end, you will see that you are not that expert, the duration is very important in trading.
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I don't see any reason why would any person engage in trading when they don't have any trading experience because you are just trying to enter a very big problem that you might not have your way out later. Instead of doing that, take small portion of your capital and used that to practice trading or better still learn demo before you try trading.
If you do demo trading and understand trading, then you can start with small capital and make sure that you used atleast a month because your first profit can make it look like you are expert but in the end, you will see that you are not that expert, the duration is very important in trading.
Usually they are carried away by FOMO about the success of other traders and their success. Sometimes, the view seems very easy, making new people easily interested in following in the footsteps of other traders.
Unfortunately, the thing that is missed is that they follow it without preparing various things. Maybe they don't have experience yet, but they should have had thorough preparation to make their trading start more ready. At least learn first about things related to crypto trading, even to risk management and mental strength too.
But unfortunately, not all newcomers want to bother like this and just want to get instant profits.
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If I am successful in trading in crypto, first I will provide security for my parents' old age, then I will invest in crypto and open an offline business to create jobs for people who really need it, so that the profits from my trading can circulate and still be able to produce even if the market is not doing well.
It is a wise decision to give the priority on the family first. Our parents, wife, and kids should be given enough money. And we must ensure that we have fulfilled all the basic necessities. If everything has been done, we can consider to use the money for another investment. We can spare the money for crypto investment and for physical investment (Gold, lands, etc). If we use the profits in this way, I'm sure we can get higher profits in the future.
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If I am successful in trading in crypto, first I will provide security for my parents' old age, then I will invest in crypto and open an offline business to create jobs for people who really need it, so that the profits from my trading can circulate and still be able to produce even if the market is not doing well.
It is a wise decision to give the priority on the family first. Our parents, wife, and kids should be given enough money. And we must ensure that we have fulfilled all the basic necessities. If everything has been done, we can consider to use the money for another investment. We can spare the money for crypto investment and for physical investment (Gold, lands, etc). If we use the profits in this way, I'm sure we can get higher profits in the future.
That's right, and the most important thing is to be grateful for what you have, never be greedy because greed can destroy our lives.
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I don't think being successful in trading implies certain amount each month, in bull run you make plenty profits while in bear market conditions, you might not be making much or at times it may even be a better idea to just take a rest.
A successful trader in my eyes is one who knows how to retain profits, knows when to cut losses and continously makes more from what he has in long term.
Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
Getting married before having your own house is absurd so I would go with having your own house then getting married, on rest two options I got nothing to say.
Yeah, I think that most experienced traders make more profit during the bear market, some of them who trade on future contract can make huge profits by taken short positions at
the appropriate time especially on btc options.
In facts, trading on both bear and bull run has just little differences if you are experienced trader. It is much riskier to trade altcoins during bear run because it very obvious that bitcoin control the market, and a 3% decrease in Bitcoin will amount to 19% decrease in most altcoins and some will even drop to 30%.
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That's right, and the most important thing is to be grateful for what you have, never be greedy because greed can destroy our lives.
Exactly. Be grateful is a must, it is the way to feel satisfied with our efforts. If we are never grateful, it is true that we may be greedy. So, we must understand that we should be grateful with the results of our trading, investment, or any thing else. This is the right way to do because we will be safe in this way.
By the way, what offline business that you want to provide in the future? Are sure that it is enough to have the funds from trading only?
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By the way, what offline business that you want to provide in the future? Are sure that it is enough to have the funds from trading only?
It matters most depends on the market near you, the competition, the buyers' interest, etc. so it's hard to just tell a business for a perspective that you're not ready for. Unless you made studies already about what good product/service it will be good on your neighborhood, if its online, it also has lots of dependencies knowing you have lots of competition already.
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1: will you quit your job first?
-No, i wont quit my job
2: will you buy a house first?
-Business first before anything else
3: will you retire your parents first?
-Will be putting up my parents into a good life when it comes into financial aspect
4: will you get married first?
Why not? As long you are financially stable then go for it.
The only problem on here is that you cant be able to rush up true love.
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That's right, and the most important thing is to be grateful for what you have, never be greedy because greed can destroy our lives.
When you are humble, you get what you want.
That's the main thing about getting results in general - don't be overconfident and don't push things too hard.
Move smart, not fast.
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That's right, and the most important thing is to be grateful for what you have, never be greedy because greed can destroy our lives.
When you are humble, you get what you want.
That's the main thing about getting results in general - don't be overconfident and don't push things too hard.
Move smart, not fast.
I think what MUGNIA is conveying is a very relevant condition. People's desires will come differently if what is intended is successful, especially in trading, but I am sure that no one does not want to be grateful if they have indeed been given excess sustenance through trading except for people who are hard-hearted.
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That's right, and the most important thing is to be grateful for what you have, never be greedy because greed can destroy our lives.
When you are humble, you get what you want.
That's the main thing about getting results in general - don't be overconfident and don't push things too hard.
Move smart, not fast.
This will be my guideline when I trade, because if we don't have a guideline then there will be no great success even with minimal capital.
I think what MUGNIA is conveying is a very relevant condition. People's desires will come differently if what is intended is successful, especially in trading, but I am sure that no one does not want to be grateful if they have indeed been given excess sustenance through trading except for people who are hard-hearted.
Thank you for agreeing with me. Because of reality, I say so, and basically humans are identical with feelings of dissatisfaction with the achievements they get and lack of gratitude.
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Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
All the questions asked are yes for me because that's what every successful person will think of doing: to quit their job at first and focus more on trading to be their own boss. The next thing is to buy a house for themselves, place their parents on a monthly payment and finally get married to someone they love and trust that can manage their assets with them.
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Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
All the questions asked are yes for me because that's what every successful person will think of doing: to quit their job at first and focus more on trading to be their own boss. The next thing is to buy a house for themselves, place their parents on a monthly payment and finally get married to someone they love and trust that can manage their assets with them.
Yeah, those are things that are very important, but the question is, which of them would you do first? All the suggestions are pretty much necessary and important but like we already know, you can’t do all of them all at once, you gotta take them one after the order.
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Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
All the questions asked are yes for me because that's what every successful person will think of doing: to quit their job at first and focus more on trading to be their own boss. The next thing is to buy a house for themselves, place their parents on a monthly payment and finally get married to someone they love and trust that can manage their assets with them.
Yeah, those are things that are very important, but the question is, which of them would you do first? All the suggestions are pretty much necessary and important but like we already know, you can’t do all of them all at once, you gotta take them one after the order.
Yeah, I know all that. I mentioned them according to what I would do one after the other, starting by quitting my job, next thing that will follow is to buy a house for my comfort before retiring my parents, and finally getting married because that's what comes last. After all, when someone is married, they will focus on their new home and its finances. Leaving aside other things, that they will do of their own free will
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Yeah, I know all that. I mentioned them according to what I would do one after the other, starting by quitting my job, next thing that will follow is to buy a house for my comfort before retiring my parents, and finally getting married because that's what comes last. After all, when someone is married, they will focus on their new home and its finances. Leaving aside other things, that they will do of their own free will
You’re right!
Although some people would object or say that quitting one’s job isn’t the best idea when one starts making good profits from trading, due to the unpredictability and profit instability of the market. Although while could be also true to an extent, there could also be some exceptions too. When a trader sees that he has now perfected his technique and is making daily profits from his trades for at least 1 or two months consecutively, and then wish to give more time and attention to his trading, then it wouldn’t be a problem to quit your current job if it’s claiming your time and then focus on trading and other things too.
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Yeah, I know all that. I mentioned them according to what I would do one after the other, starting by quitting my job, next thing that will follow is to buy a house for my comfort before retiring my parents, and finally getting married because that's what comes last. After all, when someone is married, they will focus on their new home and its finances. Leaving aside other things, that they will do of their own free will
You’re right!
Although some people would object or say that quitting one’s job isn’t the best idea when one starts making good profits from trading, due to the unpredictability and profit instability of the market. Although while could be also true to an extent, there could also be some exceptions too. When a trader sees that he has now perfected his technique and is making daily profits from his trades for at least 1 or two months consecutively, and then wish to give more time and attention to his trading, then it wouldn’t be a problem to quit your current job if it’s claiming your time and then focus on trading and other things too.
People have different factors that come to their mind when making big decisions, especially when it comes to supporting themselves. It is almost impossible to state that one is always right and the other is always wrong because in each of the conditions several points should be taken into account. If that individual is consistent of creating profits, and they have confidence enough to fully invest in activities that will yield profits, then it is reasonable to. However, it is also logical to maintain and build balance and keep some extra money for rainy days in case of various unpredictable circumstances. In the event of such significant shifts, both mental and monetary preparedness is necessary so that each and every move made is a controlled one and is not done in pressure. The biggest mistake that needs to be avoided is haste and make sure that measures being taken are congenial to the long-term plans that are set.
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Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
All the questions asked are yes for me because that's what every successful person will think of doing: to quit their job at first and focus more on trading to be their own boss. The next thing is to buy a house for themselves, place their parents on a monthly payment and finally get married to someone they love and trust that can manage their assets with them.
Yeah, those are things that are very important, but the question is, which of them would you do first? All the suggestions are pretty much necessary and important but like we already know, you can’t do all of them all at once, you gotta take them one after the order.
Yeah, I know all that. I mentioned them according to what I would do one after the other, starting by quitting my job, next thing that will follow is to buy a house for my comfort before retiring my parents, and finally getting married because that's what comes last. After all, when someone is married, they will focus on their new home and its finances. Leaving aside other things, that they will do of their own free will
Yes, if I can achieve success in trading, then maybe you can come with me and fulfill your dreams. What I want most is if I can do something myself and show it to my parents, they will be very happy and along with that, we will also have a lot of laughter. And everyone has a desire to show their parents something and they have many dreams of cars and houses. Insha Allah, once I succeed, I will try to put a smile on everyone's face.
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Yes, if I can achieve success in trading, then maybe you can come with me and fulfill your dreams. What I want most is if I can do something myself and show it to my parents, they will be very happy and along with that, we will also have a lot of laughter. And everyone has a desire to show their parents something and they have many dreams of cars and houses. Insha Allah, once I succeed, I will try to put a smile on everyone's face.
Actually this is a good goal, but making everyone happy or smiling, it's not our job... everyone has different standards of smiling, it will really only make you tired even if you are happy, it will make you a burden after spending energy to make too many people happy...
It is better to make ourselves happy first and those closest to us... the choice to buy a house is a priority, because a place to take shelter when it rains and rest after work is the basic happiness in a family...
Rather than thinking about quitting my job, I better try to hone my skills deeper and try to be better, because we don't know which income will make us live better.
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That's right, and the most important thing is to be grateful for what you have, never be greedy because greed can destroy our lives.
When you are humble, you get what you want.
That's the main thing about getting results in general - don't be overconfident and don't push things too hard.
Move smart, not fast.
And also being consistent is what you would really be needing when dealing up with trading or you can consider yourself on being successful at the time or moment that you can be able to make some profits despite of the loses you are really that making. Its always been best that you should be that thinking about being consistent or being that having that dedication and this is where you would really be needing up such qualities and this is where you can be able to sustain yourself.
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And also being consistent is what you would really be needing when dealing up with trading or you can consider yourself on being successful at the time or moment that you can be able to make some profits despite of the loses you are really that making. Its always been best that you should be that thinking about being consistent or being that having that dedication and this is where you would really be needing up such qualities and this is where you can be able to sustain yourself.
Consistency sounds like a simple word, but in practice, it is a difficult thing to do, because it requires a lot, such as sacrifice for example.
Commitment to yourself that can make us consistent is difficult. Because in the journey there will always be heavy obstacles and indeed in life such obstacles are very common.
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if I can achieve success in trading, then maybe you can come with me and fulfill your dreams. What I want most is if I can do something myself and show it to my parents, they will be very happy and along with that, we will also have a lot of laughter. And everyone has a desire to show their parents something and they have many dreams of cars and houses. Insha Allah, once I succeed, I will try to put a smile on everyone's face.
If you are successful in trading, first of all you should set up a business that will consider you as a successful person in the society. And at the same time you will generate a source of passive income. Until now the whole world has not been so advanced as to give an honor to your trading success. And since trading is very risky, even if you are successful at one time, you can make a big loss later which will take away your success. So a physical and physical asset is very important to hold your wealth.
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Consistency sounds like a simple word, but in practice, it is a difficult thing to do, because it requires a lot, such as sacrifice for example.
Commitment to yourself that can make us consistent is difficult. Because in the journey there will always be heavy obstacles and indeed in life such obstacles are very common.
You understand it better because from your words you seems experience. No matter how experienced you are in trading, there is no easy way to trade and makes money even if there is a consistency. What you can only do is just hope because even holding a position of your trade for long period of time is very dangerous thing to do, trading is not easy as many people says it.
If I become a successful trader that I'm, I will continue to follow the same path I was able to make and use to succeed, I will follow that way continuesly until I make more and more successful trades, there is nothing that is going to change my initial memo, just continue to make profits.
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And also being consistent is what you would really be needing when dealing up with trading or you can consider yourself on being successful at the time or moment that you can be able to make some profits despite of the loses you are really that making. Its always been best that you should be that thinking about being consistent or being that having that dedication and this is where you would really be needing up such qualities and this is where you can be able to sustain yourself.
Consistency sounds like a simple word, but in practice, it is a difficult thing to do, because it requires a lot, such as sacrifice for example.
Commitment to yourself that can make us consistent is difficult. Because in the journey there will always be heavy obstacles and indeed in life such obstacles are very common.
The word consistent is an action that is easy to say but difficult to implement, sometimes there are obstacles to remaining consistent in anything, in. crypto also tries to be consistent with its activities but in reality there will definitely be some gaps or even leaving because of boredom
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You understand it better because from your words you seems experience. No matter how experienced you are in trading, there is no easy way to trade and makes money even if there is a consistency. What you can only do is just hope because even holding a position of your trade for long period of time is very dangerous thing to do, trading is not easy as many people says it.
I would say consistency make a trader the best trade because in consistency a trader not only give time to market even after making huge lose but take another entry and try to make profit but holding for long term is dangerous because the hype of the narrative can fade away.
We should do short term trading even in the times of bull run we should do long term holding before one year of bull run because that time everything is very low in price and we can get some good returns after long term holding but buying now and expecting huge profits is dangerous.
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Consistency sounds like a simple word, but in practice, it is a difficult thing to do, because it requires a lot, such as sacrifice for example.
Commitment to yourself that can make us consistent is difficult. Because in the journey there will always be heavy obstacles and indeed in life such obstacles are very common.
You understand it better because from your words you seems experience. No matter how experienced you are in trading, there is no easy way to trade and makes money even if there is a consistency. What you can only do is just hope because even holding a position of your trade for long period of time is very dangerous thing to do, trading is not easy as many people says it.
If I become a successful trader that I'm, I will continue to follow the same path I was able to make and use to succeed, I will follow that way continuesly until I make more and more successful trades, there is nothing that is going to change my initial memo, just continue to make profits.
I can't claim to be an experienced person, it's just that I may have experienced some things in my life that made me think that way. Because compared to others, I may be nothing.
I agree with that there is no easy way to trade, even if there was there would probably be more people who are successful with their trading than there are now. It's just that with consistency of commitment to ourselves, we can start to slowly build a path to success.
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I guess i will choose nothing and continue trading at least another year to save more. I'll be retiring on my jobs if ever i save much, that's the most important thing. Remember you are in super volatile market for trading. Anytime can happen for your coins overnight, especially if you do more risks say doing future tradings.
Future trading options is very stressful and time consuming though the experts are still making profit at intervals, but trading margin options look more relax.
I think trading as a career is good especially if you have good and experience of the crypto market, and for me as a trader, I will continue to trade to get more exposure and further experiences. There is no limit to trading and experiences, it must requires a continuous follow up to mastering the market over times.
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- In our country, that kind of salary can be said to be a good standard of living to support a family, but of course in other countries like the US, that is a small amount because the cost of living is high there.
The cost of living is not the same in every country, so if in our country I earn $1000 from the trading I do here in bitcoin or cryptocurrency, I would not hesitate to quit my job and become a full-time trader.
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Being successful in trading would not be enough, because the more we are eager and desperate to make money, the more is our pursuant towards increasing the capital used in making trades, so we keep repeating the same procedure by returning back the profits made into the investment fund in other to keep raising our investment capital, which I see as a lucrative idea to use in other to build our portfolio more bigger and stronger.
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- In our country, that kind of salary can be said to be a good standard of living to support a family, but of course in other countries like the US, that is a small amount because the cost of living is high there.
The cost of living is not the same in every country, so if in our country I earn $1000 from the trading I do here in bitcoin or cryptocurrency, I would not hesitate to quit my job and become a full-time trader.
In my opinion, getting $ 1000 in trade is not easy, because I only get a dollar in trading, itupiun is inconsistent. Because my capital is small and I am not a professional trader, so I can't get maximum profit.
This makes me still have a business in the real world.
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The word consistent is an action that is easy to say but difficult to implement, sometimes there are obstacles to remaining consistent in anything, in. crypto also tries to be consistent with its activities but in reality there will definitely be some gaps or even leaving because of boredom
This is what often happens. and that's what makes more and more people panic and then lose from their crypto trading, for various reasons. And indeed the market can be very volatile and indeed we often hear about various advice in trading that is very wise and applicable. it's just that, to apply it, it is much higher than we imagine, even it is quite difficult to be consistent and stay under control.
--sorry, previously... edited..
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The word consistent is an action that is easy to say but difficult to implement, sometimes there are obstacles to remaining consistent in anything, in. crypto also tries to be consistent with its activities but in reality there will definitely be some gaps or even leaving because of boredom
This is what often happens. and that's what makes more and more people panic and then lose from their crypto trading, for various reasons. And indeed the market can be very volatile and indeed we often hear about various advice in trading that is very wise and applicable. it's just that, to apply it, it is much higher than we imagine, even it is quite difficult to be consistent and stay under control.
--sorry, previously... edited..
in trading it takes experience and we must always learn to seek knowledge. many wise advices are shared, but it is too difficult to follow them because of lack of knowledge and experience.
We must be able to see the market conditions and what trends are happening, because not all advice is in accordance with the current situation
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The word consistent is an action that is easy to say but difficult to implement, sometimes there are obstacles to remaining consistent in anything, in. crypto also tries to be consistent with its activities but in reality there will definitely be some gaps or even leaving because of boredom
This is what often happens. and that's what makes more and more people panic and then lose from their crypto trading, for various reasons. And indeed the market can be very volatile and indeed we often hear about various advice in trading that is very wise and applicable. it's just that, to apply it, it is much higher than we imagine, even it is quite difficult to be consistent and stay under control.
--sorry, previously... edited..
in trading it takes experience and we must always learn to seek knowledge. many wise advices are shared, but it is too difficult to follow them because of lack of knowledge and experience.
We must be able to see the market conditions and what trends are happening, because not all advice is in accordance with the current situation
When we are still that a noob then the primary things that comes up into your mind that trading is really just that an easy thing to be learnt on which we arent that even thinking that this is a skill that you cant be able to learn up on a short period of time. This will really be that requiring hard work and sufficient time for you to be able to have that good grasps into it. Lets just accept the fact that only a few % of traders do become successful with trading but doesnt mean that you wont be able to make yourself successful. It all matters with hard work and good decision making plus having that good emotional control on which this will really be that something that needing up to consider. You cant really just that make yourself that learn up immediately without passing these things along the way.
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When we are still that a noob then the primary things that comes up into your mind that trading is really just that an easy thing to be learnt on which we arent that even thinking that this is a skill that you cant be able to learn up on a short period of time. This will really be that requiring hard work and sufficient time for you to be able to have that good grasps into it. Lets just accept the fact that only a few % of traders do become successful with trading but doesnt mean that you wont be able to make yourself successful. It all matters with hard work and good decision making plus having that good emotional control on which this will really be that something that needing up to consider. You cant really just that make yourself that learn up immediately without passing these things along the way.
That's me, a beginner who said trading is easy, just buy and sell and take profit, it turns out that after some time there are many things that need to be learned, it turns out that it is not as easy as imagined, but if we don't try then we will not know how and what crypto trading is and can get comfort in that profession
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The word consistent is an action that is easy to say but difficult to implement, sometimes there are obstacles to remaining consistent in anything, in. crypto also tries to be consistent with its activities but in reality there will definitely be some gaps or even leaving because of boredom
This is what often happens. and that's what makes more and more people panic and then lose from their crypto trading, for various reasons. And indeed the market can be very volatile and indeed we often hear about various advice in trading that is very wise and applicable. it's just that, to apply it, it is much higher than we imagine, even it is quite difficult to be consistent and stay under control.
--sorry, previously... edited..
in trading it takes experience and we must always learn to seek knowledge. many wise advices are shared, but it is too difficult to follow them because of lack of knowledge and experience.
We must be able to see the market conditions and what trends are happening, because not all advice is in accordance with the current situation
Each stage of trading requires constant efforts and time, and experience plays a crucial role in trading. It is practically impossible to introduce many suggestions because there is a lack of knowledge of the market situation on the side of the company. There could always be changes in the forces governing the particular market, so there is a need to look at the trends happening and develop the strategies depending on new trends. Unfortunately, there is no set concrete rule in every situation because every single decision has to be made through mature understanding. It means that continuing to learn as well as practising will strengthen the judgement as to the best move in an effort to arrive at more realistic decisions other than basing it on ideas and concepts being taught.
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The word consistent is an action that is easy to say but difficult to implement, sometimes there are obstacles to remaining consistent in anything, in. crypto also tries to be consistent with its activities but in reality there will definitely be some gaps or even leaving because of boredom
This is what often happens. and that's what makes more and more people panic and then lose from their crypto trading, for various reasons. And indeed the market can be very volatile and indeed we often hear about various advice in trading that is very wise and applicable. it's just that, to apply it, it is much higher than we imagine, even it is quite difficult to be consistent and stay under control.
--sorry, previously... edited..
in trading it takes experience and we must always learn to seek knowledge. many wise advices are shared, but it is too difficult to follow them because of lack of knowledge and experience.
We must be able to see the market conditions and what trends are happening, because not all advice is in accordance with the current situation
Each stage of trading requires constant efforts and time, and experience plays a crucial role in trading. It is practically impossible to introduce many suggestions because there is a lack of knowledge of the market situation on the side of the company. There could always be changes in the forces governing the particular market, so there is a need to look at the trends happening and develop the strategies depending on new trends. Unfortunately, there is no set concrete rule in every situation because every single decision has to be made through mature understanding. It means that continuing to learn as well as practising will strengthen the judgement as to the best move in an effort to arrive at more realistic decisions other than basing it on ideas and concepts being taught.
There is no need to use many strategies in trading, if your strategy won't work for you try another one. But you have to understand that there is no perfect strategy so you don't have to expect that for a very high win rate. Instead of focusing on that, look for a strategy that fits your trading style. We should always apply the risk management because without that, we can't survive in the long run, and sometimes it's the reason why some traders liquidates their funds in just a couple of trades.
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in trading it takes experience and we must always learn to seek knowledge. many wise advices are shared, but it is too difficult to follow them because of lack of knowledge and experience.
We must be able to see the market conditions and what trends are happening, because not all advice is in accordance with the current situation
For that reason is that before we trade, we have to have knowledge, it would be Great if you could Read books, have good arguments to operate , the Experience is good , but if we are Already in these forums, it is of great help if you can read these Debates , these tips to avoid losing money , the idea is not to lose money, from all this each one is free if they take the Advice or not, because there are people who are foolish, despite the fact that they are given the advice , they do not give it importance and after that they simply lose, that's how it happens.
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in trading it takes experience and we must always learn to seek knowledge. many wise advices are shared, but it is too difficult to follow them because of lack of knowledge and experience.
We must be able to see the market conditions and what trends are happening, because not all advice is in accordance with the current situation
For that reason is that before we trade, we have to have knowledge, it would be Great if you could Read books, have good arguments to operate , the Experience is good , but if we are Already in these forums, it is of great help if you can read these Debates , these tips to avoid losing money , the idea is not to lose money, from all this each one is free if they take the Advice or not, because there are people who are foolish, despite the fact that they are given the advice , they do not give it importance and after that they simply lose, that's how it happens.
AGreed, in trading we need knowledge. And the forum is a good media for me to get a lot of knowledge from members here. And I am very grateful to friends who are willing to share knowledge.
While by practicing we can gain experience and have skills in trading. so both must be owned if you want to become a professional trader.
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AGreed, in trading we need knowledge. And the forum is a good media for me to get a lot of knowledge from members here. And I am very grateful to friends who are willing to share knowledge.
While by practicing we can gain experience and have skills in trading. so both must be owned if you want to become a professional trader.
it's too general and endless... even though the advice you give is correct, but the point is still very broad.. even if talking about trading as a "professional" the advice that should be listened to is only from related people....
Learning and experience are too general my friend, even in the previous post, you still had difficulty getting $1... that doubts your experience as a trader so that you can make advice like a professional..
In my opinion, getting $ 1000 in trade is not easy, because I only get a dollar in trading, itupiun is inconsistent. Because my capital is small and I am not a professional trader, so I can't get maximum profit.
This makes me still have a business in the real world.
Rather than giving advice to others about areas we don't master, it's better for us to learn to improve ourselves... I know, advice is good, but we also have to improve our personal condition first so that what we voice can be appreciated by others.
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That's me, a beginner who said trading is easy, just buy and sell and take profit, it turns out that after some time there are many things that need to be learned, it turns out that it is not as easy as imagined, but if we don't try then we will not know how and what crypto trading is and can get comfort in that profession
It is true, in some way we have all been through that situation, in the same way I say something, if you have to learn things, you should think a lot before making any movement, sometimes emotions also affect us and make us make very hasty decisions, therefore when we review each possibility at the time of operating we must be very efficient in something, if we have profits we should take those profits without further ado, because it is enjoying what an effort was made for, and if you lose, assume why and learn.
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That's me, a beginner who said trading is easy, just buy and sell and take profit, it turns out that after some time there are many things that need to be learned, it turns out that it is not as easy as imagined, but if we don't try then we will not know how and what crypto trading is and can get comfort in that profession
It is true, in some way we have all been through that situation, in the same way I say something, if you have to learn things, you should think a lot before making any movement, sometimes emotions also affect us and make us make very hasty decisions, therefore when we review each possibility at the time of operating we must be very efficient in something, if we have profits we should take those profits without further ado, because it is enjoying what an effort was made for, and if you lose, assume why and learn.
In investing we must be able to control our emotions, because sometimes bad emotions make us suffer and experience losses. That's why we must be able to make the right analysis and always be consistent with the targets and plans that we have prepared. Panic will also make us not focus on making decisions, so stay calm and always think before acting.
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in trading it takes experience and we must always learn to seek knowledge. many wise advices are shared, but it is too difficult to follow them because of lack of knowledge and experience.
We must be able to see the market conditions and what trends are happening, because not all advice is in accordance with the current situation
For that reason is that before we trade, we have to have knowledge, it would be Great if you could Read books, have good arguments to operate , the Experience is good , but if we are Already in these forums, it is of great help if you can read these Debates , these tips to avoid losing money , the idea is not to lose money, from all this each one is free if they take the Advice or not, because there are people who are foolish, despite the fact that they are given the advice , they do not give it importance and after that they simply lose, that's how it happens.
AGreed, in trading we need knowledge. And the forum is a good media for me to get a lot of knowledge from members here. And I am very grateful to friends who are willing to share knowledge.
While by practicing we can gain experience and have skills in trading. so both must be owned if you want to become a professional trader.
The areas in which we give advice to others, we must first use it on ourselves, improve ourselves, help ourselves to be successful. Then if our advice is correct, then later I can share it with everyone or make others interested in learning something.
We all want to do something good and show it to everyone, we work hard with the hope that we will do something good and show it to everyone. And keeping our parents happy is a big dream of ours, so we have to try to fulfill that dream.
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That's me, a beginner who said trading is easy, just buy and sell and take profit, it turns out that after some time there are many things that need to be learned, it turns out that it is not as easy as imagined, but if we don't try then we will not know how and what crypto trading is and can get comfort in that profession
It is true, in some way we have all been through that situation, in the same way I say something, if you have to learn things, you should think a lot before making any movement, sometimes emotions also affect us and make us make very hasty decisions, therefore when we review each possibility at the time of operating we must be very efficient in something, if we have profits we should take those profits without further ado, because it is enjoying what an effort was made for, and if you lose, assume why and learn.
In investing we must be able to control our emotions, because sometimes bad emotions make us suffer and experience losses. That's why we must be able to make the right analysis and always be consistent with the targets and plans that we have prepared. Panic will also make us not focus on making decisions, so stay calm and always think before acting.
Controlling emotions is very far for me, sometimes my emotions are uncontrollable when I experience loss, to the point where my husband and I always have short arguments to vent my emotions, the problem of panic also often happens to me
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Controlling emotions is very far for me, sometimes my emotions are uncontrollable when I experience loss, to the point where my husband and I always have short arguments to vent my emotions, the problem of panic also often happens to me
keep patient, mate. and don't let the market decline cause a fight with your husband.
because we know bitcoin and altcoin will rise again during the bullish season, except now we have entered the bearish season, we only see the market will decline further
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If my strategy is tried and tested for a long time, I think retiring parents should be top of the agenda, there after spoil myself with the good things of life, a new car, upgrade trading setup, upgrade the house etc.
You know what, when the money isn't in it's easy to speculate, let things happen then will see what happens and gets a piece of the cake.
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After I become successful in trading, I have many more things to do. The most important thing I need to do is take care of my older parents. After that, I will think about other things.
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After I become successful in trading, I have many more things to do. The most important thing I need to do is take care of my older parents. After that, I will think about other things.
That's quite thoughtful of you, only few people think like this but I can see that yiu have a good heart and you put humanity first. However, trading is not the way you think it's. There are days you make money from trading and there days you don't and there are days you make loss, by the time you calculate amount you gain and loss, you will realize there isn't much left to share.
If you are trading, try as much as possible to hold as well. I have seen someone blows off his account he has build for years because of a single mistake and he has to start from beginning again. When you make mistake, your holdings becomes your back up.
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so both must be owned if you want to become a professional trader.
Yes, well I have a criterion to be a trading professional, to be a trading professional I think a person should be trading with money greater than or equal to $1Mm, for me that is enough, because if he is capable of handling that money for me he is a professional person, and so he will Generate more money with trading, it is not easy, but I consider that the basis of everything is to read books , see what many speculators do in some offices that are presented, how they solve their problems in some Eventuality.
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so both must be owned if you want to become a professional trader.
Yes, well I have a criterion to be a trading professional, to be a trading professional I think a person should be trading with money greater than or equal to $1Mm, for me that is enough, because if he is capable of handling that money for me he is a professional person, and so he will Generate more money with trading, it is not easy, but I consider that the basis of everything is to read books , see what many speculators do in some offices that are presented, how they solve their problems in some Eventuality.
In learning trading we can read books, watch videos and follow what seniors share in forums or telegroups.
We can do everything to have knowledge about trading. Always practice making analysis, formulating strategies and keep controlling emotions. because emotional control is very important when trading.
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After I become successful in trading, I have many more things to do. The most important thing I need to do is take care of my older parents. After that, I will think about other things.
On the time or moment that im becoming that profitable with trading and since i do have my own family then i would really be prioritizing my own family and giving them all the needs and everything and of course our own parents will really be that in next on trying out to give them the best thing on what they havent been able to experience before. I would really be glad that would really be coming int a point that you would be able to give everything that you can as our parents are the ones or reasons on why we are existing into this world. They might not be perfect but we wont be existing not because of them. So it is really just that right that you should be looking for them specially when they become that older and cherish out the remaining time or moment.
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If my strategy is tried and tested for a long time, I think retiring parents should be top of the agenda, there after spoil myself with the good things of life, a new car, upgrade trading setup, upgrade the house etc.
You know what, when the money isn't in it's easy to speculate, let things happen then will see what happens and gets a piece of the cake.
Facts can only speculate and the reality is that sometimes when it happens the goal is different, but with good speculation and the goal of honoring parents I think there will be a share of the cake
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While by practicing we can gain experience and have skills in trading. so both must be owned if you want to become a professional trader.
Practice yourself is the best option in my eyes, although one can learn tactics, strategies from others but it's not possible to be successful as a trader by doing that. The ones who do practical trading are the ones who become good traders. Best traders are the ones who learn from their mistakes and those who have mastered their emotions.
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AGreed, in trading we need knowledge. And the forum is a good media for me to get a lot of knowledge from members here. And I am very grateful to friends who are willing to share knowledge.
While by practicing we can gain experience and have skills in trading. so both must be owned if you want to become a professional trader.
Of course, without knowledge, we are like we have no grip, we will be blind to what we will do. and of course, the risk will be much higher if there is no knowledge at all. because, this will also affect how we act to prepare trading carefully, thoroughly, seriously, disciplined, strategy and also various other things related to crypto trading.
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In investing we must be able to control our emotions, because sometimes bad emotions make us suffer and experience losses. That's why we must be able to make the right analysis and always be consistent with the targets and plans that we have prepared. Panic will also make us not focus on making decisions, so stay calm and always think before acting.
I have always said that things when it comes to Investment are Better, yes , Investment will always favor everything, because you have to be very Patient , wait, and not be Stuck there Watching, just follow what one invests because that is what you have, however things are Different now , there are many investment options, in BTC it is always best to look for a way to leave it there in hodl mode , there we will never regret it, in market speculation mode we must manage the Market very well to win, it does not matter how little it is, the important thing is to win.
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Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
Is there anyone who actually chooses option number one??? Although it sounds unwise, there are actually those who choose it... some people who have very tough jobs of course prefer to switch to more promising jobs with the guarantee that they cannot profit from the decisions they make... this is indeed a bit risky, considering that some people will still want to maintain the security of their monthly money without wanting to risk the chosen thing... whereas by risking something that already exists, it also opens up greater opportunities to achieve new opportunities..
So, the first choice is actually a very wise choice... starting to shift focus to something more promising is realistic... and it can be said to be a big step to start a change..
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Some persons are fully dedicated on learning how to trade crypto currencies and become successful but on the process, they already have some heart desires of what they will do first when they finally because successful in trading. Being successful in trading, I believe that the trader should be making at least x2 - x4 of their normal monthly salary from trading. For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?
Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
- It probably depends on the situation of a trader who started in the trading business of the crypto space. If a trader has a job and is doing this trading in crypto part time and making money, if I were in this situation, if I were to get x5 of my salary from work, if I get passive income from trading, I would really let go of my job.
Of course, before reaching that disposition, I would have saved my savings somehow, and I would have been able to invest in real estate anyway, because it really depends on the discipline of an individual trader.
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Some persons are fully dedicated on learning how to trade crypto currencies and become successful but on the process, they already have some heart desires of what they will do first when they finally because successful in trading. Being successful in trading, I believe that the trader should be making at least x2 - x4 of their normal monthly salary from trading. For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?
Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
- It probably depends on the situation of a trader who started in the trading business of the crypto space. If a trader has a job and is doing this trading in crypto part time and making money, if I were in this situation, if I were to get x5 of my salary from work, if I get passive income from trading, I would really let go of my job.
Of course, before reaching that disposition, I would have saved my savings somehow, and I would have been able to invest in real estate anyway, because it really depends on the discipline of an individual trader.
To be able to earn 5 times our salary by trading, we can be said to be professional traders and this takes a long time and of course large capital. I have not reached that level, because my income from trading is still small, I am not an expert in trading.
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To be able to earn 5 times our salary by trading, we can be said to be professional traders and this takes a long time and of course large capital. I have not reached that level, because my income from trading is still small, I am not an expert in trading.
So at this point of your trading career, what will be your strategy, or in what order will you arrange them.
Anyways, this question is specifically for those who are already professional traders and are already successful in trading.
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The areas in which we give advice to others, we must first use it on ourselves, improve ourselves, help ourselves to be successful. Then if our advice is correct, then later I can share it with everyone or make others interested in learning something.
We all want to do something good and show it to everyone, we work hard with the hope that we will do something good and show it to everyone. And keeping our parents happy is a big dream of ours, so we have to try to fulfill that dream.
Many of the things that we advise, or at least I do, and I have experienced them, You could say that they are from my own experience, it is not because they are made up or Anything , I have also read some things that others have published and I find them interesting , One shares them, because it is always good that others do not fall into the same mistakes as one does , that way they lose Less money and keep a little more to be able to be successful, Sometimes Experiences are what make us wiser.
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- It probably depends on the situation of a trader who started in the trading business of the crypto space. If a trader has a job and is doing this trading in crypto part time and making money, if I were in this situation, if I were to get x5 of my salary from work, if I get passive income from trading, I would really let go of my job.
Of course, before reaching that disposition, I would have saved my savings somehow, and I would have been able to invest in real estate anyway, because it really depends on the discipline of an individual trader.
Let's take note that there's no such thing as "PASSIVE INCOME" when it comes to trading. In order for you to be profitable in it, you need to be ACTIVELY TRADING hence, it isn't considered a passive income. As for x5 of your current work salary, I would say that it's a good thing. I mean if you're one month of salary from your work is enough to sustain your family, even if you have some bad months, you will still end up in profit. You just need to sustain it though.
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To be able to earn 5 times our salary by trading, we can be said to be professional traders and this takes a long time and of course large capital. I have not reached that level, because my income from trading is still small, I am not an expert in trading.
So at this point of your trading career, what will be your strategy, or in what order will you arrange them.
Anyways, this question is specifically for those who are already professional traders and are already successful in trading.
When it comes to the point that you have known or able to obtain out that trading skills then this is something that will you be able to obtain in a short period of time. This is where you would really be needing up that proper time and effort on how you would gonna deal up with this market on which this isnt something that you can be able to ignore on which considering on the potential that it gives then this is why people will really be that having that kind of positivity in towards on how they would really be able to handle out and learn this kind of specific skill. On the time or the moment that you will really be that trying out to trade and made out profits on a consistent manner then this will really be a life time opportunity on which it could really be able to changed up your life, but we do know that not all will really be able to succeed out with this one but doesnt mean that it would be impossible.
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After I become successful in trading, I have many more things to do. The most important thing I need to do is take care of my older parents. After that, I will think about other things.
On the time or moment that im becoming that profitable with trading and since i do have my own family then i would really be prioritizing my own family and giving them all the needs and everything and of course our own parents will really be that in next on trying out to give them the best thing on what they havent been able to experience before. I would really be glad that would really be coming int a point that you would be able to give everything that you can as our parents are the ones or reasons on why we are existing into this world. They might not be perfect but we wont be existing not because of them. So it is really just that right that you should be looking for them specially when they become that older and cherish out the remaining time or moment.
When trading, try to hold on as long as possible. Can you explain this to me a little more clearly? Does this mean that I will make a profit initially, but will have to face losses later?
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When trading, try to hold on as long as possible. Can you explain this to me a little more clearly? Does this mean that I will make a profit initially, but will have to face losses later?
Who said "holding as long as possible"? :-\
You replied milewilda's post but he looked like never said that. TBH, it is a bit confusing.
Everyone who hold or trade crypto coins, they must have the target. If you reach the target, why don't you take profits, right? I'm sure there is no term that we must hold as long as possible. We only hold the coins until it reaches the target!
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because emotional control is very important when trading.
Well, I think that one of the things that is most difficult is emotional control, that is something that is still very difficult for me, however, as I know that this is something that takes a lot of work, I have devised the best way to control this from a very superficial perspective , and that is with money If I control money, then I automatically control my emotions with Something that is very precious and that is discipline. By having discipline and control of money, I control Emotions immediately.
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Some persons are fully dedicated on learning how to trade crypto currencies and become successful but on the process, they already have some heart desires of what they will do first when they finally because successful in trading. Being successful in trading, I believe that the trader should be making at least x2 - x4 of their normal monthly salary from trading. For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?
Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
I will go with the first option which is quitting my job, however this is dependant on if the job is less paying and then tends to take most of my time, if that is the case, I will quit the job asap, this is because trading requires complete focus and concentration in other not to fall on the losing side, it involves always gluing you eyes to your phone or laptop to study the moving charts and trends.
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In learning trading we can read books, watch videos and follow what seniors share in forums or telegroups.
We can do everything to have knowledge about trading. Always practice making analysis, formulating strategies and keep controlling emotions. because emotional control is very important when trading.
We can do everything that you said. Read books, watch videos and follow our mentors, but if we aren't learning from our experience, it's pretty much useless.
Like what they are saying. "Experience is the best teacher." and that can be applied on trading because I believe that the more experience you have, the better the decisions you can make in your future trades. Just look at those traders out there who are spending years trading and trading, and even though they aren't earning for years, they are still continuing to trade because they are gaining experience.
For me, experience matters in trading. Controlling your emotions? Formulating Strategies? You can learn all of them as long as you have the experience because you will know what to do from there.
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Some persons are fully dedicated on learning how to trade crypto currencies and become successful but on the process, they already have some heart desires of what they will do first when they finally because successful in trading. Being successful in trading, I believe that the trader should be making at least x2 - x4 of their normal monthly salary from trading. For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?
Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
I will go with the first option which is quitting my job, however this is dependant on if the job is less paying and then tends to take most of my time, if that is the case, I will quit the job asap, this is because trading requires complete focus and concentration in other not to fall on the losing side, it involves always gluing you eyes to your phone or laptop to study the moving charts and trends.
Well, your idea is good. I like how your compared your income from the job to the income you will make from trading. If you monthly income from your job is way much higher than the profits you are getting from trading, you don't have to quit your job. If your job is also time consuming, you just have to derive a means to still manage it with the trading until your trading is is more consistent that you are making a higher amounts every month and the amount you by far surpass your salary.
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Some persons are fully dedicated on learning how to trade crypto currencies and become successful but on the process, they already have some heart desires of what they will do first when they finally because successful in trading. Being successful in trading, I believe that the trader should be making at least x2 - x4 of their normal monthly salary from trading. For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?
Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
I will go with the first option which is quitting my job, however this is dependant on if the job is less paying and then tends to take most of my time, if that is the case, I will quit the job asap, this is because trading requires complete focus and concentration in other not to fall on the losing side, it involves always gluing you eyes to your phone or laptop to study the moving charts and trends.
Well, your idea is good. I like how your compared your income from the job to the income you will make from trading. If you monthly income from your job is way much higher than the profits you are getting from trading, you don't have to quit your job. If your job is also time consuming, you just have to derive a means to still manage it with the trading until your trading is is more consistent that you are making a higher amounts every month and the amount you by far surpass your salary.
Due to the topic, he said what will you do when you become successful in trading that means successful that the income will definitely surpass his/ her monthly income lol according to my understanding but your own understanding isn’t bad at all one can be successful and his monthly income will be much bigger than his trading wages.
But I guess we will just take this successful as the trading income is far more profitable than the monthly so to me I won’t quite my job but I will get some dirty things sanitize from my life and more to it I will make sure I’m financial stable. Giving my parents the best living ever a very comfortable living and peace to enjoy their fruit of labor lmao.
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Some persons are fully dedicated on learning how to trade crypto currencies and become successful but on the process, they already have some heart desires of what they will do first when they finally because successful in trading. Being successful in trading, I believe that the trader should be making at least x2 - x4 of their normal monthly salary from trading. For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?
Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
I will go with the first option which is quitting my job, however this is dependant on if the job is less paying and then tends to take most of my time, if that is the case, I will quit the job asap, this is because trading requires complete focus and concentration in other not to fall on the losing side, it involves always gluing you eyes to your phone or laptop to study the moving charts and trends.
Well, your idea is good. I like how your compared your income from the job to the income you will make from trading. If you monthly income from your job is way much higher than the profits you are getting from trading, you don't have to quit your job. If your job is also time consuming, you just have to derive a means to still manage it with the trading until your trading is is more consistent that you are making a higher amounts every month and the amount you by far surpass your salary.
Due to the topic, he said what will you do when you become successful in trading that means successful that the income will definitely surpass his/ her monthly income lol according to my understanding but your own understanding isn’t bad at all one can be successful and his monthly income will be much bigger than his trading wages.
But I guess we will just take this successful as the trading income is far more profitable than the monthly so to me I won’t quite my job but I will get some dirty things sanitize from my life and more to it I will make sure I’m financial stable. Giving my parents the best living ever a very comfortable living and peace to enjoy their fruit of labor lmao.
If we have found good trading results and we consistently get benefits, there are many good things we can do by meeting the needs of families and buying assets in the real world.
But do not leave work in the real world because the crypto unpredictable market, sometimes experience flutuative that we cannot predict until when the market will improve again.
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If we have found good trading results and we consistently get benefits, there are many good things we can do by meeting the needs of families and buying assets in the real world.
But do not leave work in the real world because the crypto unpredictable market, sometimes experience flutuative that we cannot predict until when the market will improve again.
Yes, if it produces good profits consistently and continuously, it will certainly be very promising, although it can be said to be far from our salary or income in the real world. But I also agree with you that there is no need to rush to take steps to leave real life because of the benefits of this trading, because everything is high risk. Unless we already have a good and consistent passive income, and have a business that makes us still have income even though we don't work in real life or in the office. then that might be a consideration. but, once again, it's high risk.
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AGreed, in trading we need knowledge. And the forum is a good media for me to get a lot of knowledge from members here. And I am very grateful to friends who are willing to share knowledge.
While by practicing we can gain experience and have skills in trading. so both must be owned if you want to become a professional trader.
Of course, without knowledge, we are like we have no grip, we will be blind to what we will do. and of course, the risk will be much higher if there is no knowledge at all. because, this will also affect how we act to prepare trading carefully, thoroughly, seriously, disciplined, strategy and also various other things related to crypto trading.
Information is very powerful when it comes about to trading and such person doesn't attached themselves to be regularly receiving information to know the goodd moment to enter trading and when not to enter market. Sometimes people do thinks immediately they started trading and learn few things they could think they have known everything regarding to trading that is when they would say that have mastered everything in trading
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AGreed, in trading we need knowledge. And the forum is a good media for me to get a lot of knowledge from members here. And I am very grateful to friends who are willing to share knowledge.
While by practicing we can gain experience and have skills in trading. so both must be owned if you want to become a professional trader.
Of course, without knowledge, we are like we have no grip, we will be blind to what we will do. and of course, the risk will be much higher if there is no knowledge at all. because, this will also affect how we act to prepare trading carefully, thoroughly, seriously, disciplined, strategy and also various other things related to crypto trading.
Information is very powerful when it comes about to trading and such person doesn't attached themselves to be regularly receiving information to know the goodd moment to enter trading and when not to enter market. Sometimes people do thinks immediately they started trading and learn few things they could think they have known everything regarding to trading that is when they would say that have mastered everything in trading
lol seems you know much about this newbie traders, I also have been into that phase thinking that you have known so much about trading that you will think you have enough knowledge about trading and thought of your self as a professional trader.
Many new traders does that after just a little knowledge about trading they will thought that how it done and trading is a big and large space which you have to cover a lot of knowledge to become more profitable and successful.
It really deserves commitment, dedication and many more to become successful not just little knowledge and you think you have learn enough many and many things needs to be learn to achieve your big goals and bigger dreams. But building self confidence in one’s life is very important so I guess that what they are building lmao.
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Some persons are fully dedicated on learning how to trade crypto currencies and become successful but on the process, they already have some heart desires of what they will do first when they finally because successful in trading. Being successful in trading, I believe that the trader should be making at least x2 - x4 of their normal monthly salary from trading. For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?
Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
- In the first place I am married, I'm a family man already, currently I am not employed, but I have a small business somehow so my main source of income right now is crypto trading. For now I won't deny that somehow the profit I get from trading here in crypto of around 150$ to 200$ a week also helps.
Then while I am renting now I also took out a housing loan under by our government here, so it's still 3 years before I can moved in, I've only been paying off 1 year, almost then somehow I can put aside savings and dca in crypto even if it's little by little. Right now every cent I earn in the cryptocurrency industry is important to me. And every month I also gave an allowance to my parents just like a pension though she already a pensioner.
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Information is very powerful when it comes about to trading and such person doesn't attached themselves to be regularly receiving information to know the goodd moment to enter trading and when not to enter market. Sometimes people do thinks immediately they started trading and learn few things they could think they have known everything regarding to trading that is when they would say that have mastered everything in trading
Most of the people that are successful in crypto trading today, they are more way fundamental in analysis than the technical aspect because they know it's the only thing that matters the most. Most trader will give you a technical set of a trade that will later gives you a good or bad news latter to anticipate how it will move when it finally happened.
Many trader even prefer to trade and work on a pair that will gives good profits with Incoming news than a coin that has no any fundamental around them. Bitcoin for example has a lot of fundamental due to institutional interest, it's a very good example of coin one can use for technical and fundamental trading, with right information.
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Information is very powerful when it comes about to trading and such person doesn't attached themselves to be regularly receiving information to know the goodd moment to enter trading and when not to enter market. Sometimes people do thinks immediately they started trading and learn few things they could think they have known everything regarding to trading that is when they would say that have mastered everything in trading
Most of the people that are successful in crypto trading today, they are more way fundamental in analysis than the technical aspect because they know it's the only thing that matters the most. Most trader will give you a technical set of a trade that will later gives you a good or bad news latter to anticipate how it will move when it finally happened.
Yes, those who are successful in crypto trading have the fundamentals of trading and when you analyze them technically, you can see that they have all kinds of knowledge and they have succeeded here. And if we want to move forward in this trading, we have to gain a lot of knowledge and know the fundamentals, along with that, we have to spend a lot of time. We see that many people here are knowledgeable about many skills and training. They share their knowledge on different topics in different forums. If we pay attention to their posts, we can learn a lot from there and get a lot of ideas.
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Information is very powerful when it comes about to trading and such person doesn't attached themselves to be regularly receiving information to know the goodd moment to enter trading and when not to enter market. Sometimes people do thinks immediately they started trading and learn few things they could think they have known everything regarding to trading that is when they would say that have mastered everything in trading
lol seems you know much about this newbie traders, I also have been into that phase thinking that you have known so much about trading that you will think you have enough knowledge about trading and thought of your self as a professional trader.
Many new traders does that after just a little knowledge about trading they will thought that how it done and trading is a big and large space which you have to cover a lot of knowledge to become more profitable and successful.
It really deserves commitment, dedication and many more to become successful not just little knowledge and you think you have learn enough many and many things needs to be learn to achieve your big goals and bigger dreams. But building self confidence in one’s life is very important so I guess that what they are building lmao.
Self confidence is also important as you said.. trading is patient and not just little knowledge gained over the time, while trading there are lot of things to pass through while trading but many people who aren't that dedicated or just feeling that trading is something they would achieve just within few weeks or months so.. but a good learner and reader should be able to understand it within couple of years.
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Self confidence is also important as you said.. trading is patient and not just little knowledge gained over the time, while trading there are lot of things to pass through while trading but many people who aren't that dedicated or just feeling that trading is something they would achieve just within few weeks or months so.. but a good learner and reader should be able to understand it within couple of years.
Trading requires more than just self-confidence; you must also be patient and disciplined, trading only when all of the rules or conditions you set are met.
If you don't follow the condition of your strategy you'll get a negative result in trading.
The most important thing in trading is to protect your capital, which is why you should learn not only self-confidence but also risk management.
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Self confidence is also important as you said.. trading is patient and not just little knowledge gained over the time, while trading there are lot of things to pass through while trading but many people who aren't that dedicated or just feeling that trading is something they would achieve just within few weeks or months so.. but a good learner and reader should be able to understand it within couple of years.
Trading requires more than just self-confidence; you must also be patient and disciplined, trading only when all of the rules or conditions you set are met.
If you don't follow the condition of your strategy you'll get a negative result in trading.
The most important thing in trading is to protect your capital, which is why you should learn not only self-confidence but also risk management.
Yes you are right and it's a must do something, again as a trader we should also know that loses are inevitable and one must lose money while trading, though it must be cultured to reduced the rate at which we lose money while trading that comes in the risk management you talking about. We must not trade 100 % without incuring loses while trading but a good trader should be able to control and determined how much they should lose at the cause of trading.
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Yes you are right and it's a must do something, again as a trader we should also know that loses are inevitable and one must lose money while trading, though it must be cultured to reduced the rate at which we lose money while trading that comes in the risk management you talking about. We must not trade 100 % without incuring loses while trading but a good trader should be able to control and determined how much they should lose at the cause of trading.
Loss is part of the game on trading, you will make it once in a while but the general target you should have as a trader is to make sure that any opportunities you have in trading, do anything to get profit for that time be it daily or weekly and with that strategy, your loss will be compensate and you wouldn't know the side of the loss.
Make sure to also improve your trading skills and do anything to follow the market, you will get away with many loss when you follow the trend. Like when the market is in bull run do no mistake of shorting the market and when the market is in bear market, minimize the rate at which you long the market.
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Loss is part of the game on trading, you will make it once in a while but the general target you should have as a trader is to make sure that any opportunities you have in trading, do anything to get profit for that time be it daily or weekly and with that strategy, your loss will be compensate and you wouldn't know the side of the loss.
Make sure to also improve your trading skills and do anything to follow the market, you will get away with many loss when you follow the trend. Like when the market is in bull run do no mistake of shorting the market and when the market is in bear market, minimize the rate at which you long the market.
Well, it seems we've gotten a bit off-topic. I know that investors need to continuously improve their skills to survive in the market, but sometimes they also need to apply that knowledge to generate real profits for themselves.
Additionally, I think sharing experiences with others is also a suggestion for traders to consider. Through the process of sharing knowledge, traders will review and understand the issues more deeply, and they will also learn more from the successes and failures of other investors in the market.
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Yes you are right and it's a must do something, again as a trader we should also know that loses are inevitable and one must lose money while trading, though it must be cultured to reduced the rate at which we lose money while trading that comes in the risk management you talking about. We must not trade 100 % without incuring loses while trading but a good trader should be able to control and determined how much they should lose at the cause of trading.
Loss is part of the game on trading, you will make it once in a while but the general target you should have as a trader is to make sure that any opportunities you have in trading, do anything to get profit for that time be it daily or weekly and with that strategy, your loss will be compensate and you wouldn't know the side of the loss.
Make sure to also improve your trading skills and do anything to follow the market, you will get away with many loss when you follow the trend. Like when the market is in bull run do no mistake of shorting the market and when the market is in bear market, minimize the rate at which you long the market.
Of course it's a major thing to Incure while trading but the ability for us to minimize the risk makes us that sensitivity while trading.
All trader should be able to control how much they loses and also increases their chances of profits while trading and should reduce the rate at which they makes losses.
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Some persons are fully dedicated on learning how to trade crypto currencies and become successful but on the process, they already have some heart desires of what they will do first when they finally because successful in trading. Being successful in trading, I believe that the trader should be making at least x2 - x4 of their normal monthly salary from trading. For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?
Options for my question are:
1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.
I will go with the first option which is quitting my job, however this is dependant on if the job is less paying and then tends to take most of my time, if that is the case, I will quit the job asap, this is because trading requires complete focus and concentration in other not to fall on the losing side, it involves always gluing you eyes to your phone or laptop to study the moving charts and trends.
Well, your idea is good. I like how your compared your income from the job to the income you will make from trading. If you monthly income from your job is way much higher than the profits you are getting from trading, you don't have to quit your job. If your job is also time consuming, you just have to derive a means to still manage it with the trading until your trading is is more consistent that you are making a higher amounts every month and the amount you by far surpass your salary.
Due to the topic, he said what will you do when you become successful in trading that means successful that the income will definitely surpass his/ her monthly income lol according to my understanding but your own understanding isn’t bad at all one can be successful and his monthly income will be much bigger than his trading wages.
But I guess we will just take this successful as the trading income is far more profitable than the monthly so to me I won’t quite my job but I will get some dirty things sanitize from my life and more to it I will make sure I’m financial stable. Giving my parents the best living ever a very comfortable living and peace to enjoy their fruit of labor lmao.
It is natural that trading can be more profitable than a job, but in my case, I will not stop my job because of trading, especially until I can go into a permanent investment. Earning money from trading is not a guaranteed platform that can give me regular income. Sometimes you may profit from trading, but you will face losses again. I will never be able to live a normal life in this uncertainty if there is no other regular income.
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It is natural that trading can be more profitable than a job, but in my case, I will not stop my job because of trading, especially until I can go into a permanent investment. Earning money from trading is not a guaranteed platform that can give me regular income. Sometimes you may profit from trading, but you will face losses again. I will never be able to live a normal life in this uncertainty if there is no other regular income.
If you can't get a steady income from trading, don't leave your real world job because it's very risky. I also do trading but I have a business in the real world that gives me a fixed income. because we think about our lives. and in life there are always needs that we must fulfill, that's why income is very important.