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Author Topic: The hardest thing in trading  (Read 4996 times)

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Re: The hardest thing in trading
« Reply #30 on: October 03, 2024, 08:34:39 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?
In my personal point of view what I think about the hardest think in trading is fear and greed. I believe that a trader's profit and loss matter on these two factors. Moreover, you already know that there is fear and greed index which indicates the current situation of the cryptomarket. The matter may seem simple but actually it is very difficult because of our human being. However, I think these are the two most difficult things to trade, and I also think it's important to learn how to control your greed in addition to learning analysis in trading.


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Re: The hardest thing in trading
« Reply #30 on: October 03, 2024, 08:34:39 PM »

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Re: The hardest thing in trading
« Reply #31 on: October 03, 2024, 09:03:10 PM »
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?

Obviously the analysis because more often the analysis we made doesn't replicate in the real world due to lot of factors involving in the price influence so traders has to be prepared for unannounced market trend all the time and this can be a really stressful thing when we really put our money on it cause we are expected to make money in return but it's difficult to stay consistent with profit making via trading based on the statistics.

So the right choice should be trading with a part of our crypto portfolio not with the entire thing, I would say not more than 30% at most.
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Re: The hardest thing in trading
« Reply #31 on: October 03, 2024, 09:03:10 PM »

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Re: The hardest thing in trading
« Reply #32 on: October 03, 2024, 10:05:49 PM »
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?

Obviously the analysis because more often the analysis we made doesn't replicate in the real world due to lot of factors involving in the price influence so traders has to be prepared for unannounced market trend all the time and this can be a really stressful thing when we really put our money on it cause we are expected to make money in return but it's difficult to stay consistent with profit making via trading based on the statistics.

So the right choice should be trading with a part of our crypto portfolio not with the entire thing, I would say not more than 30% at most.
Knowing the right time to enter thd market is a big challenge to traders both new and old. This is because no one can know the next market movement. You can sell and run at loss when tou think that you will make profit or sometimes due to fear. This is why if you must trade buy during the bearish period and sell in bullish time.

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Re: The hardest thing in trading
« Reply #33 on: October 03, 2024, 11:17:02 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...

But if someone did not trade to make profit, then why are you trading in the first place? Because to me, anything crypto trading is all because of the profit that you will get and nothing more than that. However, you did not only lose because you made a wrong decision. Losing in trading is something that happens to both professionals and also newbie traders.

There are some losses that you can’t avoid sometimes, and that is how trading works. For you to make money out of it, you need to take the risk, and the risk is all about making money, and at the same time you lose. But when you are losing too much and you are getting profit, then you should know that there is a problem somewhere that needs to be fixed.

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Re: The hardest thing in trading
« Reply #34 on: October 04, 2024, 08:54:50 PM »
Knowing the right time to enter thd market is a big challenge to traders both new and old. This is because no one can know the next market movement. You can sell and run at loss when tou think that you will make profit or sometimes due to fear. This is why if you must trade buy during the bearish period and sell in bullish time.
In fact, this depends entirely on the psychology of the trader because trading is a completely psychological game where you have to understand the psychology of the market by analyzing it through technical analysis and fundamental analysis and accordingly you have to take a buy using your own psychology and sell at the right time to order.
The fact that this is very difficult can only be understood by listening to the words of the world's greatest traders because they mean it as difficult and they themselves sometimes lose because of mistakes in this psychological game, but there is only one difference between them and non-professionals, and that is that non-professional traders do not know. Why their losses are on the other hand professional traders later realize why they have faced losses.

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Re: The hardest thing in trading
« Reply #35 on: October 05, 2024, 05:06:21 PM »
But if someone did not trade to make profit, then why are you trading in the first place? Because to me, anything crypto trading is all because of the profit that you will get and nothing more than that. However, you did not only lose because you made a wrong decision. Losing in trading is something that happens to both professionals and also newbie traders.

There are some losses that you can’t avoid sometimes, and that is how trading works. For you to make money out of it, you need to take the risk, and the risk is all about making money, and at the same time you lose. But when you are losing too much and you are getting profit, then you should know that there is a problem somewhere that needs to be fixed.

Undoubtedly losses are sometimes inevitable, no matter how good a system or good analysis we have, sometimes we fail, it is a fact, I personally have always said that when we trade we must have an open mind for what is to come, although we are ready to win, we must primarily be ready to lose, that is why in trading applies what is: "Put in the money that you are willing to lose", in case you lose you must assume the loss, in case you do not lose you must take advantage of the profits, that is how that works, what is true is that we must try to keep the positive balance greater than the negative.
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Re: The hardest thing in trading
« Reply #36 on: October 07, 2024, 08:25:48 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?

I think experience is needed to make profit from trading. If one prepares to trade without experience in new situations one can face many problems and put his money at risk. It can be good to start trading with small amount of money for those who want to learn trading in new situation. Some time many experienced people face huge losses from trading so I think there can be both profit and loss while trading. So we  You have to accept them and start trading so that if you face a big loss, you can keep control and recover the lost money very easily.

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Re: The hardest thing in trading
« Reply #36 on: October 07, 2024, 08:25:48 PM »


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Re: The hardest thing in trading
« Reply #37 on: October 07, 2024, 08:35:16 PM »
What i see that is hard in trading is what we don't know about trading, anything hidden to us is like a threat as well because we are not aware of it, we don't know how to make use of it or avoid it influence, this is just like an unknown enemy in life, trading is good and very simple to do, but when we are lacking behind in some aspect of doing it, then it becomes a tedious task for us to be able to achieve having the best performance from it.

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Re: The hardest thing in trading
« Reply #38 on: October 08, 2024, 02:48:59 AM »
I am also agree with your comment. I also believe that trading is one of the best profitable site in cryptocurrency market. But we also know that trading is also very difficult for new person. Because they Couldn't understand why they they trade for best profit. Because we know that if we couldn’t understand in cryptocurrency market and trading market, we couldn’t earn best profit from crypto currency market. So i believe that skills is the best important issue in cryptocurrency market. So we should must understanding in this market for easy trading.
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Online bitterguy28

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Re: The hardest thing in trading
« Reply #39 on: October 08, 2024, 02:59:10 AM »
I think experience is needed to make profit from trading. If one prepares to trade without experience in new situations one can face many problems and put his money at risk. It can be good to start trading with small amount of money for those who want to learn trading in new situation.
actually there are platforms or software out there that allows you to practice with basically fake money you can just observe how the market moves and you can practice with different tools for analyzing this way you do not lose money just yet when you practice and see how it goes see your strengths and weaknesses and learn to improve them
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Some time many experienced people face huge losses from trading so I think there can be both profit and loss while trading. So we  You have to accept them and start trading so that if you face a big loss, you can keep control and recover the lost money very easily.
losses are part of the risks in trading you can not eliminate them altogether but you can at least minimize the risks and maximize the profits of trading

Offline LogitechMouse

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Re: The hardest thing in trading
« Reply #40 on: October 08, 2024, 04:07:56 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?
For beginners, the fact that you're starting makes it very difficult for them. I mean we know that as a newbie, we will make mistakes, we will face failures, and those 2 will lead to losses in your capital. Learning trading as a newbie is very difficult especially if nobody is guiding you. For me, that's the difficult part of trading for traders. The starting part.

As for professional traders, I guess maintaining them to stay in profit is what makes it difficult for them. I mean yes, they're professionals, but that doesn't mean that they will not make losses along the way. They will and will make losses and the only thing that they can do is to mitigate it. What they can do is to maintain their record to a point where their profit is way more than their losses.

Solution? For beginners, I guess continue learning would be the solution and for the professional, I don't know. :D

Offline bayu7adi

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Re: The hardest thing in trading
« Reply #41 on: October 08, 2024, 05:34:05 AM »
For beginners, the fact that you're starting makes it very difficult for them. I mean we know that as a newbie, we will make mistakes, we will face failures, and those 2 will lead to losses in your capital. Learning trading as a newbie is very difficult especially if nobody is guiding you. For me, that's the difficult part of trading for traders. The starting part.

As for professional traders, I guess maintaining them to stay in profit is what makes it difficult for them. I mean yes, they're professionals, but that doesn't mean that they will not make losses along the way. They will and will make losses and the only thing that they can do is to mitigate it. What they can do is to maintain their record to a point where their profit is way more than their losses.

Solution? For beginners, I guess continue learning would be the solution and for the professional, I don't know. :D
Very good response, I even realized it after you wrote this... however, seeing a beginner having to struggle at the beginning with extra hard work, is that an obstacle for beginners not to do something reckless? Even though we don't know, reckless actions sometimes also become something that provides valuable lessons... while a beginner also doesn't know the limits of reckless actions in learning trading to what extent...

It is true, that in trading there may be many losses that we will get as beginners... and from those losses we should be able to learn to improve our trading strategies, right? So shouldn't we consider failure and sacrifice at the beginning as something normal?

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Re: The hardest thing in trading
« Reply #42 on: October 08, 2024, 07:24:31 AM »
What i see that is hard in trading is what we don't know about trading, anything hidden to us is like a threat as well because we are not aware of it, we don't know how to make use of it or avoid it influence, this is just like an unknown enemy in life, trading is good and very simple to do, but when we are lacking behind in some aspect of doing it, then it becomes a tedious task for us to be able to achieve having the best performance from it.

Yeah, there are many things that you won't know in the first place while trading for the first time and even times, of course - you should learn many of them by yourself when you encounter something like that, or ask someone experienced enough to understand them in easy words.

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Re: The hardest thing in trading
« Reply #43 on: October 08, 2024, 02:33:27 PM »
The most important thing in trading is to keep your mind still. and controlling emotions. and making timely decisions. If you can control them then you can be successful in trading. And if these are not in you then it is not possible to be successful in trading. Speaking from my point of view. You must control greed. And if you can't control the greed then you can be in danger.
« Last Edit: October 08, 2024, 02:37:09 PM by Goldlife »
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Offline Uruhara

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Re: The hardest thing in trading
« Reply #44 on: October 08, 2024, 03:38:50 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?
I probably can't be called a complete trader yet. because I trade only when I have free time after work. And I'm also still quite a beginner because I'm still in the learning stage. But there is one problem that I am aware of which makes it difficult for us to get profits and sometimes lose the profits that we initially got. that is, sometimes we do not adhere to our own plans. Like I once made a plan to take profit after I made a profit of a few percent. but when the target was met, I didn't take profits and waited for more profits to come. And in the end the price actually fell even more and prevented me from getting maximum profit. So I think discipline is the main factor that a trader must have if he wants to become a successful trader. Because this lack of discipline can cause traders to experience losses. Even when he is already good at analyzing.

 

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