Can you make it big as a trader while playing it safe

[Sukii]

Well I was going through this forum today and this question came to my mind do you think as a trader I can make it big like literally a millionaire by playing it safe because I'm scared and does this mean that if you want to become a successful trader you have a little bit of grade in you
I would love your opinions on this

[TomPluz]

To be honest, I am not well-versed by what you mean by "playing safe" all because if you want to be doing that then do not make the mistake of being a trader....just HODL. I understand that you may also be afraid of the risk of losing your money...and in that case just buy the best coins in the market and forget and let them grow them for years. Of course, do not forget your private keys to your non-custodial wallet. Trading is always risky and if you are skillful and knowledgeable enough you will know how to minimize the risks and come out as winner. I have never seen a trader who will tell us that playing safe is the key. You must a strategy that can be working for you in the end after some ups and downs.

[Azharul]

We know that trading is the best profitable system in cryptocurrency world. But if we can not understanding in cryptocurrency market, we must loss in trading or investing in this market. So we must try to understand that, we can be a expert trader in cryptocurrency market. Because i believe that an expert trader can huge profit from this platform. So i believe that we can be a big trader by playing it safe. Because i believe that long term investment and trading is the best way to earn best profit in cryptocurrency market.

[bhadz]

Well I was going through this forum today and this question came to my mind do you think as a trader I can make it big like literally a millionaire by playing it safe because I'm scared and does this mean that if you want to become a successful trader you have a little bit of grade in you
I would love your opinions on this

I don't think so. Most millionaires and successful people whether traders or not, they're not scared of risks. If you're playing safe, that's possible but to say that you're scared, there will be things that will stopped you from doing huge trades. I'm not discouraging you but be a risk taker and remove that scare on yourself. Be brave and just keep on trading, you'd be successful one day whether you rich your first million or first hundred thousand or thousand through trading means.

[taufik123]

What do you mean by playing it safe, whether it's about the type of trade used or anything else?
If you want to become a successful trader, then learn technical analysis and fundamental sciences and make your trades with your best strategy.

A millionaire also comes from trading, but they have quite strong capital and continue to be developed.
It's not easy to build a multimillion-dollar portfolio from trading, if you don't invest for the long term, either.

There are many millionaires born out of trades that started with holding bitcoin when it was very cheap and selling it now.
So anything can happen in crypto, depending on how your business is and your determination to be able to grow.

[_act_]

Well I was going through this forum today and this question came to my mind do you think as a trader I can make it big like literally a millionaire by playing it safe because I'm scared and does this mean that if you want to become a successful trader you have a little bit of grade in you

Trading is time consuming. Trading will take your time. Trading will make you feel working all day long. It concentrate more work on your brain. It would have been good if someone make money from it, but after also consuming internet data, many traders will find themselves losing. Do not expect millions from trading. If that is how easy it is, everybody would have become a millionaire.

[enoch_from_off]

Well I was going through this forum today and this question came to my mind do you think as a trader I can make it big like literally a millionaire by playing it safe because I'm scared and does this mean that if you want to become a successful trader you have a little bit of grade in you

Trading is time consuming. Trading will take your time. Trading will make you feel working all day long. It concentrate more work on your brain. It would have been good if someone make money from it, but after also consuming internet data, many traders will find themselves losing. Do not expect millions from trading. If that is how easy it is, everybody would have become a millionaire.

I do agree. You will need lots of effort and sweat poured into it to see the results. But they will be worth it if you are determined enough.

[Hatchy]

Well I was going through this forum today and this question came to my mind do you think as a trader I can make it big like literally a millionaire by playing it safe because I'm scared and does this mean that if you want to become a successful trader you have a little bit of grade in you
I would love your opinions on this

You can mate, it take only your time and patience. With each trade you take bothe the successful once and those that don't go as planned, you learn a new thing and gain even more experience.. playing safe is a way to minimize the risk of losing too much of your trading capital so even after a loss, you still have something to get into the market again. I used to have this mindset that when you go all in, you make bigger profits. Yes it's true for some traders but that's only reckless. The market might get ahead of you and stop you out before it even begins to move in your direction. So play safe

[$crypto$]

Well I was going through this forum today and this question came to my mind do you think as a trader I can make it big like literally a millionaire by playing it safe because I'm scared and does this mean that if you want to become a successful trader you have a little bit of grade in you
I would love your opinions on this

I don't think so. Most millionaires and successful people whether traders or not, they're not scared of risks. If you're playing safe, that's possible but to say that you're scared, there will be things that will stopped you from doing huge trades. I'm not discouraging you but be a risk taker and remove that scare on yourself. Be brave and just keep on trading, you'd be successful one day whether you rich your first million or first hundred thousand or thousand through trading means.

I myself interpret playing it safe as not entering the market at all or never trading, because every time we trade it is not a safe place, so the statement of safe also raises new questions in my brain.

This is not easy at all and is also full of risks, so it takes very high caution and must also dare to take risks. If we are not brave enough to do it, then I think we will never trade, and even if we trade, in the end there will definitely be regret.

[MrSpasybo]

Well I was going through this forum today and this question came to my mind do you think as a trader I can make it big like literally a millionaire by playing it safe because I'm scared and does this mean that if you want to become a successful trader you have a little bit of grade in you
I would love your opinions on this

Very few traders become millionaires solely by luck. They amass significant wealth through dedication, market experience, and a solid understanding of risk management, psychological control, technical analysis, and macroeconomics.

Safety and discipline are paramount in trading. Traders who lack awareness of these principles often face account blow-ups and are unable to recover in the market.

[Chilwell]

Well I was going through this forum today and this question came to my mind do you think as a trader I can make it big like literally a millionaire by playing it safe because I'm scared and does this mean that if you want to become a successful trader you have a little bit of grade in you
I would love your opinions on this

I don't think so. Most millionaires and successful people whether traders or not, they're not scared of risks. If you're playing safe, that's possible but to say that you're scared, there will be things that will stopped you from doing huge trades. I'm not discouraging you but be a risk taker and remove that scare on yourself. Be brave and just keep on trading, you'd be successful one day whether you rich your first million or first hundred thousand or thousand through trading means.

To become a successful trader, it's essential to manage fear and emotions, as they can cloud judgment and lead to impulsive decisions. Many millionaires, including those made through cryptocurrency trading, have taken calculated risks to achieve their goals.

Taking risks is a necessary step towards achieving success in any field. Hard work, dedication, and perseverance are essential for turning ambitions into reality.

To overcome obstacles and achieve your desires, it's crucial to acknowledge and eliminate your fear and develop a positive thinking and to be courageous. Set clear goals and work towards them. By adopting this mindset, you'll be able to pursue your dreams, overcome fears, and achieve success in trading and beyond.

[DragonF]

Whether you play safe or not you must trade with money and if you trade well you can profit but then the profit you make is solely determined by the amount of money you use to trade. A trader who wants to become a millionaire quickly must invest a significant amount of money in his trading.

Personally, I do not believe in investing a large sum of money in trading, nor do I seek a high profit. I try to be as mindful as possible. I would rather not gain than lose an amount that will affect me emotionally and mentally. This is why I have a limit on how much risk I can take. 

[gunhell16]

Remember op, all millionaires or business people are risk takers, no business person or business minded person is not a risk taker. That's why they become even richer in the future because they are risk takers. They don't care or they don't get carried away if there is a chance that they lose in an investment opportunity.

That's the mindset of successful traders who are different here in the crypto space field also op, because if you are not a risk taker you can't be
here in this field industry, that's all.

[Crwth]

If your target is long-term, it can be. As long as you are earning money and not losing it, it's good. Even if a small percentage of your profits are being made, you must ensure you are in it for the long haul. It's better to have a long-term target than just a short one.

Remember as well that if you have profit already, take it.

[LUCKMCFLY]

The way I have found to achieve such a thing is by making movements that are long term, that is, for each movement if I earn 1 or 2 usd I leave it there for that day, and if I apply that every day then I will see long term results, in the case that in the day I lose a maximum of 3 usd, well it is something that tells me that I should not continue any further, that is what I always apply, some will say that it is very little money, but for me it is enough to see trading as a business, those who see it as something to get rich will not go far to achieve their objectives, since trading is Sometimes complicated in its understanding and more so if we want to earn money quickly and a lot of money.