Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Rruchi man on January 17, 2025, 10:52:57 PM
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As someone with an interest in trading, in order to succeed as a trader, you will need to be ready to overcome the mental obstacles that others who have tried trading and failed at it or who have not been as successful as they would have liked will put in front of you. You will hear a lot of statements that, although true and a warning, will be discouraging to you.
I, as an individual, have certainly contributed through my statement to discouraging another aspiring trader because I failed to end my warning with a positive statement that can be reassuring.
So recently, I have made it a habit to end my statement regarding trading always positively so I don't end up being a discouragement to others.
If I say to newbies, for example, that trading is something dangerous to venture into because of the potential to lose all they have invested in it, although very true, I will end the statement on a positive note with something like, "But someone like you can do well in it with proper knowledge and guidance.".
The positivity at the end of the statement goes a long way.
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Well, the truth is always bitter because people wouldn't want to take the truth rather they would want a sugar-coated discussion where they want the energy to keep telling them go ahead but when they start incuring lost they wouldn't mind holding you responsible for their lost because you didn't tell them the advantage and disadvantage that involves in what they are about going into. Like to me, whatever I found out that is very risky I wouldn't mind telling anyone who wants to venture into it how dangerous its but you must be vigilant when you start incuring same lost you won't say or hold me responsible for not warning them. What you are saying is likely when people talks about coin to buy you would see people listing different coins and at last they would say; this not a financial advise, meaning they don't want to be hold responsible for any loss.
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It's okay if we tell the truth because it shows care for him. But when what we say to someone is negative, there is a good chance that he will not continue. In trading, there is someone who really profitable, so it does not mean that if we are not profitable, they will not be profitable either. We need to be positive, and if we are only concerned about them, what we say should not be too negative.
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If I say to newbies, for example, that trading is something dangerous to venture into because of the potential to lose all they have invested in it, although very true, I will end the statement on a positive note with something like, "But someone like you can do well in it with proper knowledge and guidance.".
The positivity at the end of the statement goes a long way.
We should certainly add he positivity at the end of the statement but it will look like to other person that we are trying to get them into trading like a dealer wants more drug addicts bad example I know. We can add positivity but what if they take it for seriously because people take compliments for sure and they overlook warnings.
It's their choice all we can do is guide them the basics if we want therefore convincing anyone into trading should not be done because this can attract unecassary problems for your if you are teaching someone very close to you.
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Though true, but it's still better to let anyone one who's interested in trading to know what his up against. Trading is risky but a lot of people still makes it from trading. That's because they didn't give up even in their hardest times. Having the right mindset is what would push you forward. Trading can't make you rich, it will only makes you profitable. I guess that's where alot of persons miss it. When you finally become profitable, you look at your past and try to imagine the footsteps you took to get there and find out that it wasn't easy at all.
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The truth is hard most times to say because of the listeners feelings, yet it is necessary to voice it out, no matter how they'll feel at the end of the discussion. It is not right telling someone only the good things in an investment or trading (as we are talking of trading), letting the person know the two sides is the best thing to do for that person.
If I want to venture into something, and all I hear about that things is just bunch of good news, I feel there's a trap upfront which I'm not being told, and at that point, I become more interested on the negative side, so as to know if I can manage the negative effect when I start experiencing it. And this is same way I talk to people. Here's the good, this is also the bad, and if the person says, I'm very much interested, I'll tell them, take your time and process the information, because I won't be held responsible for any losses you might experience. Also, investing that which you can afford to lose is another term I use, so the person can have a free mindset, that there can come both gain and loss with the set capital.
Trading is very profitable and also filled with traps that can wipe out your portfolio, but as a newbie, you really must take out time to learn before you can earn. Otherwise, Lossing everything becomes the final result, which is not good.
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Though true, but it's still better to let anyone one who's interested in trading to know what his up against. Trading is risky but a lot of people still makes it from trading. That's because they didn't give up even in their hardest times. Having the right mindset is what would push you forward. Trading can't make you rich, it will only makes you profitable. I guess that's where alot of persons miss it. When you finally become profitable, you look at your past and try to imagine the footsteps you took to get there and find out that it wasn't easy at all.
The path of eventual success is filled with mistakes and actions that could have been done differently.
Doing things patiently and responsibly would lead a person on the right track. Nothing wrong with not understanding something, it's bad when a trader doesn't want to learn and adapt.
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Unfortunately, promoting trading as a way to get rich or to give up your job because easy, guaranteed profit is in trading is what leads to losing your money. Positivity does not mean encouraging them to trade, but rather teaching them how to calculate the risks, including determining whether the return is worth the risk or not (assuming they have a job, the ability to pay the basics and a surplus of money sufficient for more than 6 months).
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If I say to newbies, for example, that trading is something dangerous to venture into because of the potential to lose all they have invested in it, although very true, I will end the statement on a positive note with something like, "But someone like you can do well in it with proper knowledge and guidance.".
The positivity at the end of the statement goes a long way.
The information we share to newbies go a long way to either encourage or discourage them. Most people who start trading do not wake up one day and decide to do so; rather, they are triggered to do so after hearing or seeing progress from others. As you mentioned, it will be heartbreaking for such a newbie to hear a negative testimony about trading from someone he looks up to.
However, I do not believe that a new trader should rely solely on reviews. Whether we like it or not, reviews are not always positive, and it is not reasonable to lose interest in trading due to a review. Instead, a new trader should devote time to learning trading before beginning to trade so that he always has reasonable control over how he trades to make a profit.
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This is good advise to follow in life in general. As we see around us or in ourselves that people who have others to encourage them tend to do better compared to those who does not have anyone to encourage them.
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It's good to tell the newbies the good and bad side of trading before they venture into it. Telling newbies about the good side of trading without mentioning the bad side of trading to them, would make them feel bad each time the experience much losses.
I don't mind telling a newbie not to start up trading when I know that it's takes months or years of expertise before mastering it. Taking up Investment than trading as a newbie is much better as what to do in earning from crypto
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I believe it is quite normal for a new trader to lose money at first; everyone will go through it, and you will never become a pro trader if you do not lose money.
I honestly discourage others too before but while keep trading I see some patterns that actually gives opportunity to make profit. Patients is something you need to do and wait for confirmations I now understand why others discourage others from entering the trading market without knowledge, because fear and greed are two of the reasons we end up losing money or missing out on higher potential profits.
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As someone with an interest in trading, in order to succeed as a trader, you will need to be ready to overcome the mental obstacles that others who have tried trading and failed at it or who have not been as successful as they would have liked will put in front of you. You will hear a lot of statements that, although true and a warning, will be discouraging to you.
I, as an individual, have certainly contributed through my statement to discouraging another aspiring trader because I failed to end my warning with a positive statement that can be reassuring.
So recently, I have made it a habit to end my statement regarding trading always positively so I don't end up being a discouragement to others.
If I say to newbies, for example, that trading is something dangerous to venture into because of the potential to lose all they have invested in it, although very true, I will end the statement on a positive note with something like, "But someone like you can do well in it with proper knowledge and guidance.".
The positivity at the end of the statement goes a long way.
firstly in life you have to be positive in everything you are doing,in relating it to trading you must have that positive vibes,it actually stands as a motivation,every successful trader will tell you that he has made the mental decission to be as positive as possible in thinking,having a positive mindset helps in overcoming the set backs in trading.
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As someone with an interest in trading, in order to succeed as a trader, you will need to be ready to overcome the mental obstacles that others who have tried trading and failed at it or who have not been as successful as they would have liked will put in front of you. You will hear a lot of statements that, although true and a warning, will be discouraging to you.
I, as an individual, have certainly contributed through my statement to discouraging another aspiring trader because I failed to end my warning with a positive statement that can be reassuring.
So recently, I have made it a habit to end my statement regarding trading always positively so I don't end up being a discouragement to others.
If I say to newbies, for example, that trading is something dangerous to venture into because of the potential to lose all they have invested in it, although very true, I will end the statement on a positive note with something like, "But someone like you can do well in it with proper knowledge and guidance.".
The positivity at the end of the statement goes a long way.
Let me catigorically say that people who uses whatever means within their reach to discourage others especially on crypto trading are commonly found among inexperienced traders, newbies out there.
You see, there is no way, an experienced traders will discourage any trader, rather, many traders will love to share certain trading ideas overtimes. There are traders that are actually passionate, and would like to share trading tips on social networks even for free.
These are traders that should be emulated and not people that are there to discourage people. As a trader, I like meeting more experienced traders better than me to discuss latest trading ideas, and I think it is the best options for traders when learning and getting improvements strategies.
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for a newbje to read a negative side of trading, they just need to look at it as a warning after all loaing money in trading has always been true. everyone of us i think lost money in trading. they even stop trading and just became a holder for long term.
trading will always still be a choice for them especially in the bull season where trading is easy to do.
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As far as my stand on this matter, we actually do not have any business discouraging anyone from entering or from risking money in trading or any other related activities in the cryptocurrency industry. And that is true, while we may warn anyone on the possible risks out of concern, we should do it in a nice, positive manner. Trading can be risky but it is also a way for many to make good money and success. What we should do maybe is to share our good and bad experience and letting the other person weigh down everything and decide for himself. Some people maybe afraid of risks but there are some who look at risks as the other side of profits.
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I doubt that's not the right approach, being optimistic is great but when guiding others we need to be transparent no more or not less, we just have to tell them the reality and let them decide whether the trading is their path to choose or not by weighing the potential gains with the risks involved. If they are ready to overcome them it's good to guide them in the path despite facing the risks.
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I doubt that's not the right approach, being optimistic is great but when guiding others we need to be transparent no more or not less, we just have to tell them the reality and let them decide whether the trading is their path to choose or not by weighing the potential gains with the risks involved. If they are ready to overcome them it's good to guide them in the path despite facing the risks.
I agree with this, being optimistic is indeed very good in some ways. It's just that, when it comes to investing in crypto, especially when we are guiding other people to invest in crypto too, then we should really try to win the truth over all the possibilities that exist. So it's not just about optimism for very high price increases and providing high profits. But also providing information that this also carries high risks. It's not a matter of pessimism, no, this is different, but more about informing people about things that make more sense, and indeed everything has risks. So that when an undesirable market condition occurs, they already understand and are ready, not shocked and angry with us.
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Though true, but it's still better to let anyone one who's interested in trading to know what his up against. Trading is risky but a lot of people still makes it from trading. That's because they didn't give up even in their hardest times. Having the right mindset is what would push you forward. Trading can't make you rich, it will only makes you profitable. I guess that's where alot of persons miss it. When you finally become profitable, you look at your past and try to imagine the footsteps you took to get there and find out that it wasn't easy at all.
Trading can make an individual rich, but it is not that easy, it requires hard work and dedication and even successful traders have to work hard to maintain their profitability. There is a difference between a professional trader and a new trader. Professional traders have developed instincts and intuition through the years of their experience, analysis, and also learning from losses. Knowledge and analysis are also important for trading, but knowledge and analysis can be very difficult to apply in practice, most especially beginner traders. But with experience, losses, and continuous learning, traders can develop the skills, instincts, and intuition needed to become successful and profitable.
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As someone with an interest in trading, in order to succeed as a trader, you will need to be ready to overcome the mental obstacles
Mindset is one of the most important factors in crypto trading. But to be honest, it is not easy to manage our minds and emotions while trading. That is why, we really have to have a strong mentality to be able to face all possible things, both big losses and profits.
I, as an individual, have certainly contributed through my statement to discouraging another aspiring trader because I failed to end my warning with a positive statement that can be reassuring.
Warnings from other people's losses are actually a good thing, if we are able to understand them and learn from that bad experience. But unfortunately, often people will not learn if they have not experienced the failure themselves.
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Warnings from other people's losses are actually a good thing, if we are able to understand them and learn from that bad experience. But unfortunately, often people will not learn if they have not experienced the failure themselves.
it is because experiencing it ourselves is a different feeling than we could ever expect it’s hard to actually think logically when you are in the situation already and whatever you thought you were prepared for would make you realize that you aren’t that prepared yet until you have experienced it yourself
what would be more foolish is if even after you have experienced something you still do not learn from the experience and continue to make the same mistakes
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I, as an individual, have certainly contributed through my statement to discouraging another aspiring trader because I failed to end my warning with a positive statement that can be reassuring.
Warnings from other people's losses are actually a good thing, if we are able to understand them and learn from that bad experience. But unfortunately, often people will not learn if they have not experienced the failure themselves.
People will never be able to learn if they don't experience the failure that comes to them in real terms.
Seeing many examples of real failures, they only serve as a guideline, they do not understand how the failure occurs.
I may have been in this forum for quite a long time and know how to do TA and FA analysis and how failures I have experienced.
It gave me a great experience and knew what I had to do.
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We should know and be aware that some of the things we do are being watched or emulated by other people, we have to be more guided in everything we do because we don't know who is next over there watching on us from things we do, some of our actions may be to their encouragement and some may be a disappointment on them because we don't actually know they are watching on us, lets try as much to put in more efforts in what we do, this will have to be the motivation some might be waiting for in what they intend to do.
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Warnings from other people's losses are actually a good thing, if we are able to understand them and learn from that bad experience. But unfortunately, often people will not learn if they have not experienced the failure themselves.
it is because experiencing it ourselves is a different feeling than we could ever expect it’s hard to actually think logically when you are in the situation already and whatever you thought you were prepared for would make you realize that you aren’t that prepared yet until you have experienced it yourself
what would be more foolish is if even after you have experienced something you still do not learn from the experience and continue to make the same mistakes
Yes, I agree with you, because experiencing it yourself is much more real and makes us really affected by the results.
If it is a loss, we will definitely feel a burden that may vary, and it will definitely make our feelings a little complicated, directly.
and if it is profiting, then we ourselves will feel the satisfaction and happiness of the victory.
yes, indeed, that makes sense. Although in fact, from other sources we should also be able to take experience and lessons, especially if it is related to silly things, big losses, scams, and others that cause big losses or even crime or suicide.
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As far as my stand on this matter, we actually do not have any business discouraging anyone from entering or from risking money in trading or any other related activities in the cryptocurrency industry. And that is true, while we may warn anyone on the possible risks out of concern, we should do it in a nice, positive manner. Trading can be risky but it is also a way for many to make good money and success. What we should do maybe is to share our good and bad experience and letting the other person weigh down everything and decide for himself. Some people maybe afraid of risks but there are some who look at risks as the other side of profits.
You are actually on point. We all are humans and we are different in our own ways of life. So even our psychological thoughts will be different, so just because you trade and you lose doesn't mean that everyone will lose on trading, so don't discourage any one that seek for your advice on trade. What you just need to do is to tell them your experience, difficulties, challenges, obstacles and the risky part of it and also tell them the advantages of trading. What the OP said in really right, "positivity goes a long way" if you have positive mindset on what you are about to involve yourself in, then everything will work out perfectly for you, but if you have negative thoughts about it, you will find it very difficult to achieve what you wanted.
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People will never be able to learn if they don't experience the failure that comes to them in real terms.
Seeing many examples of real failures, they only serve as a guideline, they do not understand how the failure occurs.
I may have been in this forum for quite a long time and know how to do TA and FA analysis and how failures I have experienced.
It gave me a great experience and knew what I had to do.
Making mistakes is the part of the process.
The main thing is to learn from them and adapt, and don't hold them too close to yourself - otherwise, it may work in a wrong way and give you false hopes / signals to take action.
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I doubt that's not the right approach, being optimistic is great but when guiding others we need to be transparent no more or not less, we just have to tell them the reality and let them decide whether the trading is their path to choose or not by weighing the potential gains with the risks involved. If they are ready to overcome them it's good to guide them in the path despite facing the risks.
I also had the same thought but we can improve it by not showing them the green garden we should share the bad side of crypto too that they can make huge lose from crypto and many has even sold their kidneys to buy crypto and later they did not made profit and lose an important organ of their body just because they were bullish on a crypto.
Opportunities are given to everyone in crypto but only smart one takes benefit. They don't overtrade and put their greed in their trades, we should guide them properly about greedy and it is not always profit profit sometime there is lose lose too.
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I doubt that's not the right approach, being optimistic is great but when guiding others we need to be transparent no more or not less, we just have to tell them the reality and let them decide whether the trading is their path to choose or not by weighing the potential gains with the risks involved. If they are ready to overcome them it's good to guide them in the path despite facing the risks.
I also had the same thought but we can improve it by not showing them the green garden we should share the bad side of crypto too that they can make huge lose from crypto and many has even sold their kidneys to buy crypto and later they did not made profit and lose an important organ of their body just because they were bullish on a crypto.
Opportunities are given to everyone in crypto but only smart one takes benefit. They don't overtrade and put their greed in their trades, we should guide them properly about greedy and it is not always profit profit sometime there is lose lose too.
crypto does provide us with the opportunity to gain profit, but we must understand and have the knowledge to take the risk. It can be done by trading or becoming a long-term holder. Everything is adjusted to our ability to invest, and what expertise we have.
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crypto does provide us with the opportunity to gain profit, but we must understand and have the knowledge to take the risk. It can be done by trading or becoming a long-term holder. Everything is adjusted to our ability to invest, and what expertise we have.
Agreed, risks should be managed properly.
If the knowledge is there, then the results would be positive, and there is a clear target in the mind of a person, be it done by trading or investing.
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I doubt that's not the right approach, being optimistic is great but when guiding others we need to be transparent no more or not less, we just have to tell them the reality and let them decide whether the trading is their path to choose or not by weighing the potential gains with the risks involved. If they are ready to overcome them it's good to guide them in the path despite facing the risks.
I also had the same thought but we can improve it by not showing them the green garden we should share the bad side of crypto too that they can make huge lose from crypto and many has even sold their kidneys to buy crypto and later they did not made profit and lose an important organ of their body just because they were bullish on a crypto.
Opportunities are given to everyone in crypto but only smart one takes benefit. They don't overtrade and put their greed in their trades, we should guide them properly about greedy and it is not always profit profit sometime there is lose lose too.
Just like any other field, crypto has its ups and downs. The one peculiar thing is the volatility the most stable crypto currency can crash 20% or even more in matter of minutes which can trigger the panic selling button to the people who are new to the crypto currency that's why educating them about the volatility range as well as the reality of it will recover from crash if the coin we are holding has potential to grow.
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Though true, but it's still better to let anyone one who's interested in trading to know what his up against. Trading is risky but a lot of people still makes it from trading. That's because they didn't give up even in their hardest times. Having the right mindset is what would push you forward. Trading can't make you rich, it will only makes you profitable. I guess that's where alot of persons miss it. When you finally become profitable, you look at your past and try to imagine the footsteps you took to get there and find out that it wasn't easy at all.
It is not clear to me why you think that trading can not make one rich, but profitable. For me, Rich simply means having wealth, while "profits" is what makes you become rich, and "rich" is a great deal of money, abundant wealth etc.
I think that trading can make one rich, it all depends on certain factors like, volume of trading capitals, strategies, patience and your knowledge and experiences of the crypto market. In facts many people on the community has already become cryptocurrency millionaires trading crypto over the past one and half years.
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If I say to newbies, for example, that trading is something dangerous to venture into because of the potential to lose all they have invested in it, although very true, I will end the statement on a positive note with something like, "But someone like you can do well in it with proper knowledge and guidance.".
The positivity at the end of the statement goes a long way.
I can't agree more with you and I would love to add one more thing to this advice list is, whenever we are giving advice to a newbie and the newbie ask us to recommend them some coins for long term never ask them to go for long term because until they won't lose much they won't hold for long term.
So pick some coins for short term and when they starts to make profit ask them to close the deal and exit from that coin totally this behavior will make them more disciplined, and if they stick to it they will earn more then earning by holding long term. My statements and mindset is changing with the sentiments of the market as someone here made a post where he said with market sentiments change the posts here also changes which is so true haha but to find it out we need lot of time and reading.
Well, the point is positivity really goes a long way.