The hardest thing in trading

[smartaction]

Daily trading takes a lot of time to always monitor the market and read the latest news, because the news is very influential on short-term trading.
While long-term investment we don't need to bother with always monitoring the market.
but if you want to compare the benefits if we are professional traders, we can get bigger profits than just holding for the long term.

Those who are professional traders can be successful by trading in all situations. However, if a new trader trades, he often faces various problems. The reason for facing these problems is that if he starts trading without having any idea about trading, such big problems can occur.  I found that if we can buy and hold some coins when the market conditions are bad and sell when the market conditions are good again, we will get a lot of profit. Long term time trading is much safer. I think there is no risk here.

[LUCKMCFLY]

  Because a bad news has a huge negative impact on the market

Well I consider that things are very important when they happen so that they can generate impacts, a clear and decisive example is and will be the US elections, the results that come out of there will undoubtedly be the news that will be most impactful so far what will happen, and we will see how the market can react, I hope it is favorable, I want to see btc very high in price, alts are something that will follow the path of btc, for me everything can be advanced this year according to the results of this market, we have to wait to see how this develops.

[Baki202]

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 trading various obstacles and challenges can arise depending either on the individual experiences or market conditions. And the hardest thing to learn in trading is not technical analysis psychology or your strategy rather it's simply knowing when to push and when to stop; the traders will take a couple good trades in the market and think they've figured it out so they'll increase their size way too fast and blow their account vice versa when a trader keeps loosing they'll loose the motivation to keep going and they'll just quit so you need to be able to differentiate which part of your trading career you're in currently, there would be ups and downs in your trading career, therefore when you're loosing consistently you need to double down on the process of your learning even more and when you're winning double down on your strategy and find out why it's working.
Trading success will take your time but it will be much faster when you know when to push and when to stop.

[bayu7adi]

In trading various obstacles and challenges can arise depending either on the individual experiences or market conditions. And the hardest thing to learn in trading is not technical analysis psychology or your strategy rather it's simply knowing when to push and when to stop; the traders will take a couple good trades in the market and think they've figured it out so they'll increase their size way too fast and blow their account vice versa when a trader keeps loosing they'll loose the motivation to keep going and they'll just quit so you need to be able to differentiate which part of your trading career you're in currently, there would be ups and downs in your trading career, therefore when you're loosing consistently you need to double down on the process of your learning even more and when you're winning double down on your strategy and find out why it's working.
Trading success will take your time but it will be much faster when you know when to push and when to stop.

What I get from you, maybe like this... we have to get the formula in trading to be able to make a profit... then with the same formula and apply the formula again, if it succeeds in making money then it is certain that it is a successful formula, our task is to use the formula over and over again until we are really rich from trading....

The formula may be a solved puzzle or a habit of people so that the market influence is like a template that is repeated...

[Axcel777]

In trading various obstacles and challenges can arise depending either on the individual experiences or market conditions. And the hardest thing to learn in trading is not technical analysis psychology or your strategy rather it's simply knowing when to push and when to stop; the traders will take a couple good trades in the market and think they've figured it out so they'll increase their size way too fast and blow their account vice versa when a trader keeps loosing they'll loose the motivation to keep going and they'll just quit so you need to be able to differentiate which part of your trading career you're in currently, there would be ups and downs in your trading career, therefore when you're loosing consistently you need to double down on the process of your learning even more and when you're winning double down on your strategy and find out why it's working.
Trading success will take your time but it will be much faster when you know when to push and when to stop.

What I get from you, maybe like this... we have to get the formula in trading to be able to make a profit... then with the same formula and apply the formula again, if it succeeds in making money then it is certain that it is a successful formula, our task is to use the formula over and over again until we are really rich from trading....

The formula may be a solved puzzle or a habit of people so that the market influence is like a template that is repeated...

Indeed, When we can identify a tested pattern whereby the outcomes of some strategies that have been carried out continuously display positive revenues. The repetition of a winning technique will remain a foundation for consistent profitability in the market and our role has simply been to proceed with its implementation with caution.

By continually doing the formula that has been set, we over time create wealth from trading. Every time this process is executed and the results are good, we are more assured that such pattern will yield the desired results that informs us of its effectiveness or efficiency.

[Blaze]

Daily trading takes a lot of time to always monitor the market and read the latest news, because the news is very influential on short-term trading.
While long-term investment we don't need to bother with always monitoring the market.
but if you want to compare the benefits if we are professional traders, we can get bigger profits than just holding for the long term.

Those who are professional traders can be successful by trading in all situations. However, if a new trader trades, he often faces various problems. The reason for facing these problems is that if he starts trading without having any idea about trading, such big problems can occur.  I found that if we can buy and hold some coins when the market conditions are bad and sell when the market conditions are good again, we will get a lot of profit. Long term time trading is much safer. I think there is no risk here.

While working in the professional level one can manipulate in different situations and conditions, but for a beginner the basic knowledge are sufficient enough not to make such serious mistakes. To the extent that we understand these things, we should be able to avoid the risk scenarios that aren’t necessary and be more prepared for the market forces that are out there.

It is by buying coins during bearish conditions in the market and selling coins upon better conditions to make good profits. The long-term trading is more comfortable to deal with as we do not have any pressure whether we will have a chance to start a high risk and at the same time, it is easier to get positive results.

[LUCKMCFLY]

For example OP, none of us know what price he bought bitcoin for and how long he held it or what his financial situation is...no one knows what he needs and wants but him. So he can't ask us for advice and we can't give him the most useful advice when we don't know anything about him. Agreed bull season is coming and buying will be more encouraged at this point but if he is already profitable and needs money then there is no reason to hold on. Selling would suit him better.

I understand what you say, what happens is that of course as you say it is for something that has to be more specific, most of us here is not that we give a generic answer, but we give a conceptual answer based on the information that is given to us, we give advice according to what we Imagine we could do and if we have knowledge in economics, in our own experiences, then it is about helping, the more specific it is, the better we can give our opinion, but considering that the money is needed urgently, well, nothing to do, it is withdrawn and that's it , those are fundamental things that Should not even be thought about.

[sampoerna]

For example OP, none of us know what price he bought bitcoin for and how long he held it or what his financial situation is...no one knows what he needs and wants but him. So he can't ask us for advice and we can't give him the most useful advice when we don't know anything about him. Agreed bull season is coming and buying will be more encouraged at this point but if he is already profitable and needs money then there is no reason to hold on. Selling would suit him better.

I understand what you say, what happens is that of course as you say it is for something that has to be more specific, most of us here is not that we give a generic answer, but we give a conceptual answer based on the information that is given to us, we give advice according to what we Imagine we could do and if we have knowledge in economics, in our own experiences, then it is about helping, the more specific it is, the better we can give our opinion, but considering that the money is needed urgently, well, nothing to do, it is withdrawn and that's it , those are fundamental things that Should not even be thought about.

The point is to adjust to what we expect, want, need, and are capable of, in all things. Because in crypto trading and investing, there is something called financial management and risk. Not without reason, but to adjust to each individual's targets and needs.

Because, commonly, in general, the target for TP BTC is at $ 100k or even more, that's in general. But in fact, it will all depend on and return to each individual in doing it. Because as I said earlier, it depends on each target and need, and is based on their own risk management and funds.

The problem is when we don't understand this but just follow along because of FOMO, this is dangerous and the risk will be quite large. So whatever it is, make sure that we understand it and decide based on what is best for our own suitability. But also make sure that there are no regrets after the decision is taken.

[jeraldskie11]

The hardest thing in trading for me based on my experience is the emotion. Every time we trade with real money there is an emotion involve. And if your emotion is not stable you're prone to loses, that's why we really should consider our emotion first before we do a trade. Losing in trading are not only the main cause to develop emotional imbalance, you can also get it from your daily lives.

[Jating]

The hardest thing in trading for me based on my experience is the emotion. Every time we trade with real money there is an emotion involve. And if your emotion is not stable you're prone to loses, that's why we really should consider our emotion first before we do a trade. Losing in trading are not only the main cause to develop emotional imbalance, you can also get it from your daily lives.

Yeah, it's really hard to removed emotion in the equation as it involves money. And with that, we could be feeling greedy at some point and we wanted more money or profits. And so we thought that we can achieved that by not selling and waiting for the price to increase. But because of volatility, the price might go on the different path and so instead of making money, you could be losing. So we might learn to control our emotions and then don't be greedy and take profits already.

[$crypto$]

The hardest thing in trading for me based on my experience is the emotion. Every time we trade with real money there is an emotion involve. And if your emotion is not stable you're prone to loses, that's why we really should consider our emotion first before we do a trade. Losing in trading are not only the main cause to develop emotional imbalance, you can also get it from your daily lives.

You are right, the main challenge is ourselves which lies in emotions. Actually, as humans we definitely have emotions, but what will be a problem is when emotions are unstable while we cannot control those emotions.

There are many people who ultimately fail because of emotions, and emotions can take various forms, such as greed, panic or fear and so on. So we must be able to control ourselves from emotions as best we can.

[jeraldskie11]

The hardest thing in trading for me based on my experience is the emotion. Every time we trade with real money there is an emotion involve. And if your emotion is not stable you're prone to loses, that's why we really should consider our emotion first before we do a trade. Losing in trading are not only the main cause to develop emotional imbalance, you can also get it from your daily lives.

Yeah, it's really hard to removed emotion in the equation as it involves money. And with that, we could be feeling greedy at some point and we wanted more money or profits. And so we thought that we can achieved that by not selling and waiting for the price to increase. But because of volatility, the price might go on the different path and so instead of making money, you could be losing. So we might learn to control our emotions and then don't be greedy and take profits already.

It would be nice if you always win because you can gain confidence, but if you always lose, you will only become more emotional. So it is really necessary to stay away from the chart when that happens in your trades so that your understanding of the market is not completely destroyed. You will lose confidence in the strategy and there is a chance that it will be long term, so it is better to avoid looking at the chart when you lose 2 to 3 trades in a row.

[Ujok]

Daily trading takes a lot of time to always monitor the market and read the latest news, because the news is very influential on short-term trading.
While long-term investment we don't need to bother with always monitoring the market.
but if you want to compare the benefits if we are professional traders, we can get bigger profits than just holding for the long term.

Those who are professional traders can be successful by trading in all situations. However, if a new trader trades, he often faces various problems. The reason for facing these problems is that if he starts trading without having any idea about trading, such big problems can occur.  I found that if we can buy and hold some coins when the market conditions are bad and sell when the market conditions are good again, we will get a lot of profit. Long term time trading is much safer. I think there is no risk here.

That's right, professional traders are always lucky in trading because they know when to buy and when to sell so they often get success, but unlike novice traders, they don't have much knowledge about crypto and the market so they are not very smart in analyzing the market, that's why they don't know when to buy and when to sell... even they are too careless in trading so they get losses.

[UNIVERSE]

The hardest thing in trading for me based on my experience is the emotion. Every time we trade with real money there is an emotion involve. And if your emotion is not stable you're prone to loses, that's why we really should consider our emotion first before we do a trade. Losing in trading are not only the main cause to develop emotional imbalance, you can also get it from your daily lives.

Do you ever think that controlling emotion is a must for every trader? If you are aware about it, you must find a way to control your emotion. I'm sure if you have enough knowledge, it is not really hard to control your emotion. In my own view, it will be hard if we have no idea because we have no proper knowledge. Doing analysis, be realistic, and don't be greedy! I think these are some ways to control our emotion. If we do this, we can deal with our emotion in each market condition.

[jeraldskie11]

The hardest thing in trading for me based on my experience is the emotion. Every time we trade with real money there is an emotion involve. And if your emotion is not stable you're prone to loses, that's why we really should consider our emotion first before we do a trade. Losing in trading are not only the main cause to develop emotional imbalance, you can also get it from your daily lives.

Do you ever think that controlling emotion is a must for every trader? If you are aware about it, you must find a way to control your emotion. I'm sure if you have enough knowledge, it is not really hard to control your emotion. In my own view, it will be hard if we have no idea because we have no proper knowledge. Doing analysis, be realistic, and don't be greedy! I think these are some ways to control our emotion. If we do this, we can deal with our emotion in each market condition.

Yeah, of course. There are no strategy with 100% win rate and the market will not always do what it used to be. If you can't handle well your emotion, you can handle your loses. Profitable traders usually are good people and are open minded, I remember some mentors who really are profitable, you can really tell that they are very disciplined person, which is really important in trading. Having a profitable strategy makes you gain confidence and that is a big factor to handle your emotion.