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

[Bobcrypto]

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.

Yeah, time is money. Any thing that is Worth doing, is worth doing well. The time consumed in trading is not a wasted effort especially if you are an experienced trader, then arning is certain as the time progresses.
Infacts, I think that every business consumes time and there may be known regrets spending the whole time on trading if you are getting the desire result constantly. I can spend the whole day following coin trends and patterns because it is profitable, and it has become my career.
Again, if a trader has a large capital, with good knowledge experiences on  trading Bitcoin/altcoins, he/she can become a millionaire, it is very possible.

[sampoerna]

Again, if a trader has a large capital, with good knowledge experiences on  trading Bitcoin/altcoins, he/she can become a millionaire, it is very possible.

Yes, the keys are:
- Amount of capital
- Capital knowledge
- Understand TA and FA techniques
- Good risk and financial management
- Stable emotional management
- Discipline and consistency

And all of that must support each other, then the possibility of getting more profits than losses is greater. As long as it doesn't depend on luck alone.

The point is that all efforts and hard work are needed and seriousness when trading, not just following hype and signals from certain groups without adequate capital knowledge and preparations.

[taufik123]

-snip-
The point is that all efforts and hard work are needed and seriousness when trading, not just following hype and signals from certain groups without adequate capital knowledge and preparations.

Following signals from unknown people or groups will only be a mistake that will ultimately make a lot of losses.
When you already know how trading works, know technical and fundamental analysis, then just continue and only need to accumulate trading capital.

Trading capital is very important when you want to start trading and of course it is accompanied by good management.
A professional trader will multiply their capital to more when they find a fairly bullish market and take advantage of its fluctuations.

[Dr.Bitcoin_Strange]

IMO, playing it safe is only way to make it big. Playing risky may give you high reward at times, but eat you up the same at times and you'll be back where you started.

Most traders always feel like taking much risks is the best way to maximize profits and quickly, which often leads them into taking certain risks without actually properly calculating them, which of course leads to several unexpected outcomes. Some learn the hard way while some feel they still need to double up their risk taking.

[libert19]

IMO, playing it safe is only way to make it big. Playing risky may give you high reward at times, but eat you up the same at times and you'll be back where you started.

Most traders always feel like taking much risks is the best way to maximize profits and quickly, which often leads them into taking certain risks without actually properly calculating them, which of course leads to several unexpected outcomes. Some learn the hard way while some feel they still need to double up their risk taking.

I know few people who made it big by taking risks, but it only works when market is in your favor and if you continue playing that way, your portfolio will be wiped out because sooner or later market does take opposite direction .

[New Ranger]

The point is that all efforts and hard work are needed and seriousness when trading, not just following hype and signals from certain groups without adequate capital knowledge and preparations.

Suitable and capital also determines the acceleration of money if we invest or trade our money in the crypto market with the note that as you mentioned, all must support each other, both in terms of experience and technical implementation.

One more thing that needs to be understood and often many people are not aware of when it is better to take a break first, don't force yourself to enter and enter the same coin because the price increase has a daily threshold, the rest of the correction is certain to occur.

[omori]

I know few people who made it big by taking risks, but it only works when market is in your favor and if you continue playing that way, your portfolio will be wiped out because sooner or later market does take opposite direction .

Bette to take less than to take nothing.
I live by these words and they mostly worked for me in situations where I was ready to be greedy and such.
 

[Dr.Bitcoin_Strange]

I know few people who made it big by taking risks, but it only works when market is in your favor and if you continue playing that way, your portfolio will be wiped out because sooner or later market does take opposite direction .

This strategy is a very risky strategy and thereby requires luck because it involves you taking chances, and when it involves chance, then there’s definitely a two way out of this one, it can either go great or end badly, so except a person is willing and ready to take chances and is ready for any outcome, then he may go ahead to proceed with such strategy.

[bitbit97]

What does playing it save really means? Day trading with 1% or less profit from each trade? Or Buying only Bitcoin and selling it as soon as there is profit? I would say that with such strategy it is possible to become rich, but only for 1 day and die after, as the rest of the life will be dedicated to carefully trading 24/7/365. In addition to that, it will be possible only if all trades will be profitable. We arent living in a fairytale. It is impossible to happen, as well as impossible to get rich without risking. And it is also impossible because safe trading isnt enough. I believe that person must be lucky to become rich. Hard working, playing safe will allow only to earn today.

[doc]

I know few people who made it big by taking risks, but it only works when market is in your favor and if you continue playing that way, your portfolio will be wiped out because sooner or later market does take opposite direction .

This strategy is a very risky strategy and thereby requires luck because it involves you taking chances, and when it involves chance, then there’s definitely a two way out of this one, it can either go great or end badly, so except a person is willing and ready to take chances and is ready for any outcome, then he may go ahead to proceed with such strategy.

In trading and investing in crypto we are always faced with risks, I will not take a strategy that is too risky because we must understand the consequences if we choose the strategy we will lose our money. but for those who have experience, knowledge and expertise in taking more successful and successful risks, they can do that. but not for me, because I am still in the learning stage of managing risk.

[vegasus]

IMO, playing it safe is only way to make it big. Playing risky may give you high reward at times, but eat you up the same at times and you'll be back where you started.

Most traders always feel like taking much risks is the best way to maximize profits and quickly, which often leads them into taking certain risks without actually properly calculating them, which of course leads to several unexpected outcomes. Some learn the hard way while some feel they still need to double up their risk taking.

It's like, high gains, high risks.
Yes, in trading, the scheme is like that, when we want to maximize the profits from trading, then we have to be able to take more risks. It's just that, on the other hand, we also have to be able to do good risk management so that the results are truly in accordance with expectations and targets.

And of course, a trader who does that, they are usually used to it and already understand it with adequate knowledge. Not a new trader who just carelessly puts up a very large capital but does not have the ability and knowledge to do it. So that's the same as just taking risks to much without any basic.

[Dr.Bitcoin_Strange]

In trading and investing in crypto we are always faced with risks, I will not take a strategy that is too risky because we must understand the consequences if we choose the strategy we will lose our money. but for those who have experience, knowledge and expertise in taking more successful and successful risks, they can do that. but not for me, because I am still in the learning stage of managing risk.

Even those who actually consider themselves to be experienced and professionals could still end up incurring significant losses to themselves if they decide to take on such risky strategies. This is because no one is immune to market losses. This is why it is crucial and needed to first calculate the risks involved before deciding to take them so as to avoid any surprises.

[doc]

Even those who actually consider themselves to be experienced and professionals could still end up incurring significant losses to themselves if they decide to take on such risky strategies. This is because no one is immune to market losses. This is why it is crucial and needed to first calculate the risks involved before deciding to take them so as to avoid any surprises.

I always take the smallest risk because honestly my capital is not big. I will do more in-depth research and analysis if I try to take a bigger risk. because we know, there will always be risks, even a professional sometimes experiences mistakes and losses.

[Dr.Bitcoin_Strange]

I always take the smallest risk because honestly my capital is not big. I will do more in-depth research and analysis if I try to take a bigger risk. because we know, there will always be risks, even a professional sometimes experiences mistakes and losses.

This right here is the reason why most rich traders or traders with huge capitals end up blowing their accounts in a twinkle of the eye. Just because they have a huge capital, they may start thinking that they actually have some kind of immunity or something. I don’t know exactly how to explain this but I’ve noticed it where several traders are. Just because they have huge capitals, they start taking huge risks, and maybe when the money has reduced to a certain amount, that’s when they start calculating the risks they take, by then it’s almost too late.

[Primo1760]

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

Do you want to become a millionaire from trading? If you want to become a millionaire from trading platforms, then you have dreamed too much. Trading is a very risky platform, to make money here you have to take a lot of risks and gain a lot of experience. If you do not have experience in trading, then you will not be able to make money on the trading platform, as a result you will lose yourself in the trading platform. I have not gained much experience in trading so far, as a result I am still losing a lot on the trading platform. So I mean I am involved in trading, I am in a lot of loss.