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

[erus]

It is precisely by trading safely that will make us big traders. Nothing is instant including in crypto trading. Just look at the past Bitcoin was only given for free and distributed by the community but now Bitcoin is big and wide so the price becomes expensive.
Trading should also be safe, meaning trading by looking for small profits but every day there is a profit. Even though we have been trading for a long time in crypto but the end result is a loss, it can be said that we are not big traders but traders who lose.

[sampoerna]

-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.

exactly, it all won't work if we just follow along without enough provisions and separation. so it's better to prepare yourself as much as possible for all trading activities, starting from coins, price to enter, TP / SL, or other things related to the decision to short or long term. well, this certainly won't be that easy, because those who already have a lot of knowledge must have experience of losing, it's just that the difference is the possibility: proifts more than the loss, of course.

[enwi]

It is precisely by trading safely that will make us big traders. Nothing is instant including in crypto trading. Just look at the past Bitcoin was only given for free and distributed by the community but now Bitcoin is big and wide so the price becomes expensive.
Trading should also be safe, meaning trading by looking for small profits but every day there is a profit. Even though we have been trading for a long time in crypto but the end result is a loss, it can be said that we are not big traders but traders who lose.

Consistent and gradual approach to trading bring much higher profit than attempts of getting much in a short term. It is also not unwise to seek small but sure gains in order to avoid situation in which potential loss may prove to be too heavy to overcome. Some of the most popular cryptos that were once termed as ordinary have now high value in the market. Just like any other business centre, trading is not a matter of how long one spends but the efficiency of the strategy that is adopted with regard to risks and profits. In the case of getting to the wrong side of the equation, it means there is an issue that requires rectification regarding trading. Enhancing one’s focus on security and more mature strategy will produce more beneficial results in the long run.

[Celph]

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

Of course you could!
   I think the answer is a common one already right?by playing it safe you’d mean making the right investment decisions even though losses are still partainable .
 The most important key to achieving this goal is particularly consistency.Consistency itself brings about success at the end

It is precisely by trading safely that will make us big traders. Nothing is instant including in crypto trading. Just look at the past Bitcoin was only given for free and distributed by the community but now Bitcoin is big and wide so the price becomes expensive.
Trading should also be safe, meaning trading by looking for small profits but every day there is a profit. Even though we have been trading for a long time in crypto but the end result is a loss, it can be said that we are not big traders but traders who lose.

   
    Well i’m just getting to know about bitcoin been distributed for free while at the onset.This particularly attest to consistency in whatever investment as well as crypto investing.

[Sim_card]

It is precisely by trading safely that will make us big traders. Nothing is instant including in crypto trading. Just look at the past Bitcoin was only given for free and distributed by the community but now Bitcoin is big and wide so the price becomes expensive.
Trading should also be safe, meaning trading by looking for small profits but every day there is a profit. Even though we have been trading for a long time in crypto but the end result is a loss, it can be said that we are not big traders but traders who lose.

What makes a lot of trader run at loss is because they don't appreciate the little profit that they made from trading. Instead, they want more and that will make them not close their position when they have seen little profit but leave it open and before you know it, they will get liquidated. This is why you should be satisfied with little profits.

[taufik123]

What makes a lot of trader run at loss is because they don't appreciate the little profit that they made from trading. Instead, they want more and that will make them not close their position when they have seen little profit but leave it open and before you know it, they will get liquidated. This is why you should be satisfied with little profits.

Such traders are only concerned with big profits and are more greedy,
whereas when a little profit is made frequently then it will also result in big profits in the end.

People who focus too much on big profits don't think about the risk of losing that they are not aware of.
When the loss occurs, the decline becomes worse, they will sell at a low price and get a miserable loss.

[debra]

It is precisely by trading safely that will make us big traders. Nothing is instant including in crypto trading. Just look at the past Bitcoin was only given for free and distributed by the community but now Bitcoin is big and wide so the price becomes expensive.
Trading should also be safe, meaning trading by looking for small profits but every day there is a profit. Even though we have been trading for a long time in crypto but the end result is a loss, it can be said that we are not big traders but traders who lose.

What makes a lot of trader run at loss is because they don't appreciate the little profit that they made from trading. Instead, they want more and that will make them not close their position when they have seen little profit but leave it open and before you know it, they will get liquidated. This is why you should be satisfied with little profits.

Including being greedy, right? Because indeed, traders are often quite greedy after reaching the desired target price, and then they actually expect more and more. so that they actually lose the moment when they want to take profits. because sometimes, when the price drops, we are not on the market. that's why when doing day trading or short term trading, it would be much better to place SL and TP, so that the losses and no profits will be truly meSPAM BANble.

[dekafee79]

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.

long-term targets do require free funds that we hold to be able to make a profit and this takes a long time, We should also have short and medium-term targets by trading so that we get short-term income. However, if we already have short-term income from the real world by working, we will be calmer in holding long-term.

[tequilla_sunset]

What makes a lot of trader run at loss is because they don't appreciate the little profit that they made from trading. Instead, they want more and that will make them not close their position when they have seen little profit but leave it open and before you know it, they will get liquidated. This is why you should be satisfied with little profits.

One word - greed.
If it is at bay - you won't experience such cases, and if it rises and consumes you - there is nothing that would help your depo to grow.

[bayu7adi]

long-term targets do require free funds that we hold to be able to make a profit and this takes a long time, We should also have short and medium-term targets by trading so that we get short-term income. However, if we already have short-term income from the real world by working, we will be calmer in holding long-term.

Who requires us to trade? No one.. no one tells us to... even if it is profitable for someone, it doesn't actually work that way for others... if someone is comfortable with something that can be categorized as a long-term investment, they have a thousand reasons to survive and not be interested in short-term trading...

Everyone has their own expertise... and there are also people who can still live safely even though they don't get short-term profits through trading... from long-term investments can be sufficient as long as they know the strategy.

[jeraldskie11]

long-term targets do require free funds that we hold to be able to make a profit and this takes a long time, We should also have short and medium-term targets by trading so that we get short-term income. However, if we already have short-term income from the real world by working, we will be calmer in holding long-term.

Who requires us to trade? No one.. no one tells us to... even if it is profitable for someone, it doesn't actually work that way for others... if someone is comfortable with something that can be categorized as a long-term investment, they have a thousand reasons to survive and not be interested in short-term trading...

Everyone has their own expertise... and there are also people who can still live safely even though they don't get short-term profits through trading... from long-term investments can be sufficient as long as they know the strategy.

In other words, they are both profitable. Maybe it depends on the person what works for him. Of course, he needs to try both to tell which one really works for him. Because we have different execution and our emotions influence it, so even if we have the same strategy, it does not mean that we see the same in the market. So we really need to thoroughly back test the strategies we know because no one can prove it but us. Let's not immediately believe what others say, prove it by ourselves.

[Didia Sofunichi]

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.

No matter how you look at it , as a trader you must set instrimentalities in place to play safe. You cannot just buy any coin you see just because you are a trader and from your analogy you are still playing safe, the process of looking for the best coin in the market is playing safe

[Didia Sofunichi]

As a trader no matter what you are trading on you can not rule out the fact that playing safe is key. If you are into coin for instance you must do your due diligence to find out the prospect of a coin before investing in

[sampoerna]

long-term targets do require free funds that we hold to be able to make a profit and this takes a long time, We should also have short and medium-term targets by trading so that we get short-term income. However, if we already have short-term income from the real world by working, we will be calmer in holding long-term.

Yes, one of the factors that is very influential for long-term holding is the funds, must be free funds. so that no matter how long it is, it will not affect daily finances or finances that you want to use to do something in a certain period. This will make us holders more relaxed to hold the coins until we really reach the target at least to take profits.

[doc]

long-term targets do require free funds that we hold to be able to make a profit and this takes a long time, We should also have short and medium-term targets by trading so that we get short-term income. However, if we already have short-term income from the real world by working, we will be calmer in holding long-term.

Yes, one of the factors that is very influential for long-term holding is the funds, must be free funds. so that no matter how long it is, it will not affect daily finances or finances that you want to use to do something in a certain period. This will make us holders more relaxed to hold the coins until we really reach the target at least to take profits.

that's right, I agree with adana for long term hod need free funds that are not affected by our needs. so we must have good financial management and have reserve funds so as not to interfere with our investment.
We should have a business or job outside of crypto, so that our crypto investment is not disturbed.