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Author Topic: The hardest thing in trading  (Read 4911 times)

Offline bayu7adi

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The hardest thing in trading
« on: September 30, 2024, 01:28:00 AM »
Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...

So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?

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The hardest thing in trading
« on: September 30, 2024, 01:28:00 AM »

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Offline _act_

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Re: The hardest thing in trading
« Reply #1 on: September 30, 2024, 08:28:45 AM »
So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
The solution to trading is that people should prefer long term trading like swing trading. If you are a day trader and notice that you are not making money, it is because day traders do lose money. But generally I prefer holding. Holders are the ones making money, but that is if you know the right time to hold.

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Re: The hardest thing in trading
« Reply #1 on: September 30, 2024, 08:28:45 AM »

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Offline luckyledger

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Re: The hardest thing in trading
« Reply #2 on: September 30, 2024, 09:02:16 AM »
So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
The solution to trading is that people should prefer long term trading like swing trading. If you are a day trader and notice that you are not making money, it is because day traders do lose money. But generally I prefer holding. Holders are the ones making money, but that is if you know the right time to hold.

..Or you just invest in BTC and don't have a single nerve spent on your investment ;D
Overall, day-trading => potential + risks, investing => stability + time needed for boons from it to come.
Newbies are usually not so patient to be able to trade daily, so there is that.

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Re: The hardest thing in trading
« Reply #3 on: September 30, 2024, 03:08:41 PM »
Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...

So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?

As matter of fact, there are persons who very good on trading cryptocurrency, FX and other markets, and they are dedicated in analyzing the market trends and price movements. In other words, trading crypto is not difficult, it all depends on level of training and experiences on the market.
In my opinion, the most difficult part of trading cryptocurrency is how to detect(timing )when the market will dump very hard.
Many occasions the crypto will suddenly dump, unfortunately nobody has been able to predict the exact time  of these dump happening. I have been reading on social networks why crypto market dump but nobody has been able to inform the community the actual timing of these dumps.

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Re: The hardest thing in trading
« Reply #4 on: September 30, 2024, 04:19:55 PM »
in trading there is no word difficult only those who think it is difficult, for all traders their initial capital is money, theory and practice. if all of that is in his grasp then trading will be easy and not difficult only those who make it difficult, in the sense that if we already have knowledge in trading such as information or news circulating about crypto and theory in understanding the market then when you trade it will be easy.. if we do not have the initial capital as I mentioned then it will be difficult for you to trade..

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Re: The hardest thing in trading
« Reply #5 on: September 30, 2024, 04:37:17 PM »
Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...

So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
For me, the hardest part of the market isn't learning technical analysis or making market predictions. The most challenging aspect is adhering to risk management rules. Emotional weakness often causes investors to overlook crucial rules, which typically leads to losses.

I believe there's no foolproof trading method. Sometimes, traders make mistakes by striving for perfection and refusing to accept small market losses. When a trader can understand that the market is unpredictable and losses are an inherent part of it, he is well on his way to becoming a professional trader.
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Offline bayu7adi

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Re: The hardest thing in trading
« Reply #6 on: October 01, 2024, 02:21:46 AM »
in trading there is no word difficult only those who think it is difficult, for all traders their initial capital is money, theory and practice. if all of that is in his grasp then trading will be easy and not difficult only those who make it difficult, in the sense that if we already have knowledge in trading such as information or news circulating about crypto and theory in understanding the market then when you trade it will be easy.. if we do not have the initial capital as I mentioned then it will be difficult for you to trade..
Sir, it's not as easy as you think... money, theory and practice are widely applied by many people, and it still results in failure for most people... I agree more with MrSpasybo's quote above this post... who doesn't take trading activities so easily...

Experience and financial management skills also play an important role as a reference for success in trading... and all of that ends with luck, whether he is lucky or unlucky which will affect the results.

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Re: The hardest thing in trading
« Reply #6 on: October 01, 2024, 02:21:46 AM »


Offline Prime

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Re: The hardest thing in trading
« Reply #7 on: October 01, 2024, 06:46:37 AM »
So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
It is really clear that the most difficult thing is taking profits.  :D
To take profits, people learn trading knowledge, have mentors, get experience, and many other things. These are necessary to do in trading because these will increase the chance of getting profits. There is no best solution, we must do all of them.

in trading there is no word difficult only those who think it is difficult, for all traders their initial capital is money, theory and practice.
The difficulty is real but we can deal with the difficulty. There are some matters that have big roles in trading, I have mentioned above. Just do all them, then we can deal with the difficulty in trading.

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Offline legend45

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Re: The hardest thing in trading
« Reply #8 on: October 01, 2024, 06:58:53 AM »
in trading there is no word difficult only those who think it is difficult, for all traders their initial capital is money, theory and practice. if all of that is in his grasp then trading will be easy and not difficult only those who make it difficult, in the sense that if we already have knowledge in trading such as information or news circulating about crypto and theory in understanding the market then when you trade it will be easy.. if we do not have the initial capital as I mentioned then it will be difficult for you to trade..
Sir, it's not as easy as you think... money, theory and practice are widely applied by many people, and it still results in failure for most people... I agree more with MrSpasybo's quote above this post... who doesn't take trading activities so easily...

Experience and financial management skills also play an important role as a reference for success in trading... and all of that ends with luck, whether he is lucky or unlucky which will affect the results.
Trading is indeed difficult, not as easy as the theory because I have learned trading for more than 7 years but I am not an expert there, sometimes I also experience defeat and I learn to take risks so that my profits are greater than my losses. Trading requires experience, expertise and we must always practice. Many try to learn trading and I am also a person who always focuses on learning so that I can become a professional trader.
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Re: The hardest thing in trading
« Reply #9 on: October 01, 2024, 08:09:55 PM »
Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...

So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?
If we are trading, then the problem must be in us. We must seek for the problem in ourselves instead of blaming others because we are the risk takers and we should take all the blame and credit out our own trades. The first step in trading is to get knowledge and practice techniques that we learn daily on any account like demo accounts.

This way we can build confidence in ourselves, and even demo trading doesn't ensure full success, so we should not rely on that confidence only because we can still lose in trading while we are making profits on demo trading. Finding the right path and the right mentor is very difficult.
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Offline bayu7adi

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Re: The hardest thing in trading
« Reply #10 on: October 02, 2024, 03:44:35 AM »
Finding the right path and the right mentor is very difficult.
That's right, even people who open workshops just to teach about trading, they will only provide basic knowledge, without providing anything secret or valuable behind their kitchen to get money... sincere teachers tend to only take students based on the close relationships they have, so looking for a trading teacher or mentor who really intends to help us learn the key knowledge in trading, that's nonsense...

Many traders have to start with self-taught methods, and end up with regret, because they may fail to find an effective way like professional traders do.

Offline royalRitta

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Re: The hardest thing in trading
« Reply #11 on: October 02, 2024, 07:56:42 AM »
Finding the right path and the right mentor is very difficult.
That's right, even people who open workshops just to teach about trading, they will only provide basic knowledge, without providing anything secret or valuable behind their kitchen to get money... sincere teachers tend to only take students based on the close relationships they have, so looking for a trading teacher or mentor who really intends to help us learn the key knowledge in trading, that's nonsense...

Many traders have to start with self-taught methods, and end up with regret, because they may fail to find an effective way like professional traders do.

You won't be able to find this effective method without practice, a real one, not a demo-trading session or something like that.
Of course, it will be hard, and funds will be spilled, but if you are determined, you will make it through and close the gap.

Offline gunhell16

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Re: The hardest thing in trading
« Reply #12 on: October 02, 2024, 09:26:29 AM »
Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...

So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?

It is true that it is not easy to make a profit in crypto trading; those are the facts. Especially if you are a newbie in this industry field. No newbie entering the crypto industry will say that it is easy to make money in the crypto space. Because if someone says that trading is easy to learn, you can tell that they are lying.

Because there is nothing like that, in a short time he immediately understood the concept and context of trading. Because the most difficult thing to do in trading is to study the correct technical or fundamental analysis, and for them to understand this, they must have an understanding of the indicators that are used in trading options.
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Offline Jating

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Re: The hardest thing in trading
« Reply #13 on: October 02, 2024, 12:53:08 PM »
Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...

So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?

Of course, market is very volatile, so very hard to predict. And even if we really know how to do TA or even if we are using bots, we might see days that we are going to lose in the end.

I guess the solution is to really just take the profits that you have and not to look for more. Because as I have said, there could be mad swings that instead of a small profit, you are going to lose big.
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Offline luckyledger

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Re: The hardest thing in trading
« Reply #14 on: October 02, 2024, 01:42:38 PM »
Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...

So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?

Of course, market is very volatile, so very hard to predict. And even if we really know how to do TA or even if we are using bots, we might see days that we are going to lose in the end.

I guess the solution is to really just take the profits that you have and not to look for more. Because as I have said, there could be mad swings that instead of a small profit, you are going to lose big.

Yep, temptations shouldn't be higher than the profit at hand.
Self-discipline is needed for them not to take you over, as well as goals in mind. That way, you will secure your positions on the market.

 

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