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

[target]

Long term traders did it by just letting time pass. 5 years later their investment has already turned big and enough for them to participate in buggers investment.

Or you can just join the rest in buying the tokens that are about to pump. Memecoins are good ways to make it big as trader in crypto. Keeping your stable coin in the bear market and then buy when the price is already down to it's last dip.

[Faisal2202]

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

We surely need to take risk if we want to make big, especially in trading we sometimes have to risk to make profit I don't really get why you said safe as IMO there is nothing safe in trading, as all trades are risky some are more risky while some are not.

If you have done trading then you must have took risk and if in your opinion, some of them were safe then you must stick to that method or way of trading because that's only how you can improve and find more safe trades. You at least have a category to approach that this way is safe and this way is risky I assumed from your post.

I suggest if you want to make millions going the risk way is necessary because otherwise it can take a lot of time.

[ZAINmalik75]

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 certainly make millions by playing safe but it will take a lot of time because by playing safe and not taking risk a trader cannot make enough money. In order to become a successful trader taking risks should be our first power and not panicking on big losses should be our second power. I don't know much about trading but playing it safe can really take a lot of time to make a million.

Risk is necassary and whether it's the small risk or big risk we must take it and in even real life we are taking risk all the time we are driving to work and home we are risking our life because even on four wheels accidents can happen we are always at risk but we must move by following rules and stick to our side and plan then we can make it.

[Sim_card]

Long term traders did it by just letting time pass. 5 years later their investment has already turned big and enough for them to participate in buggers investment.

Or you can just join the rest in buying the tokens that are about to pump. Memecoins are good ways to make it big as trader in crypto. Keeping your stable coin in the bear market and then buy when the price is already down to it's last dip.

The risk in trading is very high and hard for you to play safe because majority of traders run at loss. It's better if the OP should buy bitcoin and hodli since he is new in the cryptospace, rather than trying to find a means of getting rich quick. Trading is complex and hodli is very easy. This is why he should invest more and sell not. Bitcoin is a game changer.

[Zed0X]

I would have to agree with other comments about playing it safe long term. You might not like Buffet but he's one of the guys that said something like sitting on an investment for some time and you'll reap the benefits. You don't have to be aggressive by doing multiple trades per day/week or by betting on new tokens with 'potential'. You can stick to established coins and sit tight.

[sampoerna]

I would have to agree with other comments about playing it safe long term. You might not like Buffet but he's one of the guys that said something like sitting on an investment for some time and you'll reap the benefits. You don't have to be aggressive by doing multiple trades per day/week or by betting on new tokens with 'potential'. You can stick to established coins and sit tight.

When talking about safer, yes long term saving will be safer than trading especially ending with elevation. yes if we want to play it safe it is better to stay away from daily trading which is known to have a much greater risk. even if it is future market trading, it will be much higher risk, although the level of profits can also be higher but because the risk is also high, then we must be more responsive and also smarter in managing our assets, whether we are really able to do it or better invest in top coins and for the long term, without bothering with various indicator analysis and daily candles.

[BitMaxz]

If you  are trading with very small amount I don't think you can make it in millions there's still a risk if you want to make your small amount capital you have to use the leverage to make a huge profit but still still its risky because if your predictions fails without risk management your capital might end up liquidated..
Since you want it safe far from liquidation better trade on spot only buy when the price is drop or oversold then hold for long term.

[SmartGold01]

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

No traders automatically becomes a king with them passing through the tin road before passing through the larger way. And of course you can become millionaire by trading but it has to take time to work, because you can't start immediately and expect to become successful without you putting up much efforts and skills to study how the market works more better than ever.
Though trading is simple, when you have the right coin to trade then you become successful with it and most people often go for the hype coins which could give quicker returns.

[JusticeDeGreat]

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.

Playing safe is never the best option for a trader. Because if one don't engage in trading, or one is afraid of loosing, it will be difficult to earn big. The best is to trade skillfully and be knowledgeable in how to avoid risks.

[Asiska02]

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

By playing it safe, do you mean not risking too much while trading? By taking it gradually in trades and taking profits until your become a millionaire? It is very confusing though but those are the two things I can think of when trying to assimilate what you mean by playing it safe.

As a trader, you’ll have some rules guiding you before taking any trade that comes your way. You’ll need to have some confirmations that only you can tell well when you see them in trade, you can confidently enter it. That’s understanding your risk level before taking on any trade.

Success in trading doesn’t mean earning a lots of money from few trades, but success in trading doesn’t means getting profit from 70% of trades you take to make money while putting your risk management in check.

[Findingnemo]

It's possible but not easy, I assume play safe which implies low risk strategies for your trades which itself is subjective because one might consider something as risky while others don't. Trading or investing totally depends on capital so if you want to make huge money then you need to be loaded so that you can do whatever you want, with less capital still possible to make money but you need to keep doing it consistently for long time.

[jeraldskie11]

It's possible but not easy, I assume play safe which implies low risk strategies for your trades which itself is subjective because one might consider something as risky while others don't. Trading or investing totally depends on capital so if you want to make huge money then you need to be loaded so that you can do whatever you want, with less capital still possible to make money but you need to keep doing it consistently for long time.

I agree, the bigger your capital the bigger your potential profit. You can't earn big with your small capital especially if you are trading with spot. You can also use leverage with your small capital but it's not advisable especially to beginners because the risk is too high. That's why if you want to play safe, trading with spot is the best choice. While trading with a very low risk, there is also no liquidation, so you can hold as long as you want.

[LogitechMouse]

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

When you say, "playing it safe", that means not losing a single penny on your trades I assume. If that's the case, then no. In investing, there's no such thing as "safe" because everything has risks. Investing in general has risks involved, and when it comes to trading, the risks depend on many factors such as your knowledge, your experience, how good you are at controlling yourself and your emotions, etc.

If you want to be a successful trader, you must know how to mitigate risks. If you want to be a millionaire, you want to at least learn risk management first. If you want to be an expert trader, learn how to control your emotions, and learn a strategy that works for you as well.

[Crypto Library]

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

In my personal point of view I believe in "no risks, no gain" but that doesn't mean you don't have knowledge about a sector you are taking risk for becoming a Millionaire. That will be just foolish.
What a think about this "no risk no gain" I mean I will define this like this way when we will take the risk on a sector we must properly have knowledge about that sector and also know the risk factor and also have the idea how to face those  risk factor and then take the risk and become billionaire not only just Millionaire.
But we should also must know that crypto investment doesn't mean the quick  rich scheme.

[Rruchi man]

I would love your opinions on this

You make it as a trader if you play it safe, and by playing it safe, you mean you should intimate yourself with deep knowledge of risk management because we need knowledge of proper risk management. You would be able to grow your portfolio knowing how to take proper risks when necessary. If you take blind and uncalculated risk as a trader, you would end up blowing your account and may get discouraged from trading that you would want to quit.