Are You Afraid of Trading?

[DragonF]

That’s what I understand, that each trader should not only invest money capital, but the trained mental capital is also required. If you say that you lack it [experience] when you have to go for a big leap, that indicates a sense of reality that few possess when at the onset.

It is unfortunate that mental capital is frequently ignored by traders, but the fact remains that mental capital is just as important as trading capital. The mental capital, which includes emotional resilience and the ability to effectively manage risk, has a significant impact on how focused a trader remains in his trading. 

The reason focus is important in trading is that the market is volatile, and there are always ups and downs in trading that can either strengthen or disorganize the trader; however, when the trader is focused, those downward movements will not impede continuous trading.

[Jating]

Yes, this market situation has become risky for us. Now we should use our knowledge and skills effectively. Now there is no more bear market. We have to hold on to our long-term investments until the market develops into a bull market. We will initially use our knowledge and skills to trade small amounts. So that we do not lose money from our own funds. And we do not have to face any risks.

In any market condition, we must always have proper knowledge. Yes, we must have skills and ability as a trader. We must always do analysis in any market condition, whether it is in bad or good market condition.

If we are newbies, it is very recommended to use small amount of money. But if we are experienced enough, we can use bigger money. Using $500 or even more than $1000 is no problem for experienced traders. Although it is riskier, we understand how to deal with the risks.

For me when I started, I used $500, it's not that I have a lot of money to begin with, but I really wanted to learn trading and willing to risk that kind of amount for my own knowledge. But that was back then, now I don't trade anymore, I just choose to just HODL with Bitcoin and no longer into the altcoin market for this cycle. Maybe it was just me, but I guess when you are getting older, it might be very hard to stay in front of your computer the whole day to watch patterns and price movement that's why I just stay and be a long term HODLer.

[UNIVERSE]

It is unfortunate that mental capital is frequently ignored by traders, but the fact remains that mental capital is just as important as trading capital. The mental capital, which includes emotional resilience and the ability to effectively manage risk, has a significant impact on how focused a trader remains in his trading.

The reason focus is important in trading is that the market is volatile, and there are always ups and downs in trading that can either strengthen or disorganize the trader; however, when the trader is focused, those downward movements will not impede continuous trading.

Mental aspect should be improved when we have more experience in trading. However, to ensure that we have better mentality, we must have good understanding. So we don't panic to face any condition in the market. Sure, there are traders who don't care with the mental aspect. They may assume it is not too significant matter in trading. However, I agree with you that mental is very crucial in trading.

Yes. There are always up and down of crypto prices in the market. But we shouldn't panic if we know it well. We must understand that there should be pump after dump. As long as we understand this, we will have good mentality.

[DragonF]

Mental aspect should be improved when we have more experience in trading. However, to ensure that we have better mentality, we must have good understanding. So we don't panic to face any condition in the market. Sure, there are traders who don't care with the mental aspect. They may assume it is not too significant matter in trading. However, I agree with you that mental is very crucial in trading.

Yes. There are always up and down of crypto prices in the market. But we shouldn't panic if we know it well. We must understand that there should be pump after dump. As long as we understand this, we will have good mentality.

I agree with your thought. Mental capital is not improved only by research but most of the times it is improved by experience. The fact that it is always said that experience is the best teacher portrays how big the role of experience in developing the mental capital of a trader.

No trader wants to make the same mistake twice, so experience will help the trader avoid the trading behaviour that caused his loss.

[Universalsolider]

No one is perfect, you just need to educate yourself with the proper knowledge and perfect yourself with one strategy and stick to it. spot traders are more of holding, which is also trading while future traders are the actual traders

[milewilda]

No one is perfect, you just need to educate yourself with the proper knowledge and perfect yourself with one strategy and stick to it. spot traders are more of holding, which is also trading while future traders are the actual traders

Futures are that much more having that bigger risks comparing into those spot ones considering the leverage then it will be that entirely be different but still when it comes to the execution of trades then it will be just that almost the same. There are just that those individuals who do easily get that being too emotional at the moment that they do lose up money on which they've been thinking up that much that if they will be continuing then they will be losing up more. Yes, this is possible but the risks could be lessen out at the moment that you do able to know or gain up experience.
You would be only finding yourself that being scared at the time or moment that you arent that applying any analysis.

[UNIVERSE]

I agree with your thought. Mental capital is not improved only by research but most of the times it is improved by experience. The fact that it is always said that experience is the best teacher portrays how big the role of experience in developing the mental capital of a trader.

Mental can be improved when we have already done it many times. If we have traded many times, naturally mental should be improved.
Research is one of many aspects that we get from experience. Improving the skills on research sometimes can have an impact on the mentality as well. It is because when we can do research better, we know better the possibility for the crypto prices in the future. This can make us be more confident.

No trader wants to make the same mistake twice, so experience will help the trader avoid the trading behaviour that caused his loss.

Sure, no one wants to do the same mistake. But in the reality, many people/traders do it again. 

[Roseline492]

For me when I started, I used $500, it's not that I have a lot of money to begin with, but I really wanted to learn trading and willing to risk that kind of amount for my own knowledge. But that was back then, now I don't trade anymore, I just choose to just HODL with Bitcoin and no longer into the altcoin market for this cycle. Maybe it was just me, but I guess when you are getting older, it might be very hard to stay in front of your computer the whole day to watch patterns and price movement that's why I just stay and be a long term HODLer.

That was very risky for someone who was just learning about crypto trading then, however what happened to the $500?, did you loss all the money during the learning or you multiply it to a bigger amount of money?, perhaps you come from the country were such amount isn't that big because if it were to be me I wouldn't try that because the money is too big and even if it could have been use for that it should have been when the person has understood trading very well, I no that I risk money before in trading in those days but it was an average amount. However you have done well for holding instead.

[rby]

For me when I started, I used $500, it's not that I have a lot of money to begin with, but I really wanted to learn trading and willing to risk that kind of amount for my own knowledge. But that was back then, now I don't trade anymore, I just choose to just HODL with Bitcoin and no longer into the altcoin market for this cycle. Maybe it was just me, but I guess when you are getting older, it might be very hard to stay in front of your computer the whole day to watch patterns and price movement that's why I just stay and be a long term HODLer.

That was very risky for someone who was just learning about crypto trading then, however what happened to the $500?, did you loss all the money during the learning or you multiply it to a bigger amount of money?, perhaps you come from the country were such amount isn't that big because if it were to be me I wouldn't try that because the money is too big and even if it could have been use for that it should have been when the person has understood trading very well, I no that I risk money before in trading in those days but it was an average amount. However you have done well for holding instead.

I'm also curious to know the outcome of his first trading experience. For someone that's never engaged in crypto trading before, starting with $500 dollars was very risky and regardless of the result, I won't advise anyone to do same unless you're financially strong enough to wave such amount when you lose it. For people who's mastered trading, it's actually the most profitable engagement in the crypto market but before you begin risking huge amounts of money, you just have to make sure you know how to make the best out of it.

[enwi]

For me when I started, I used $500, it's not that I have a lot of money to begin with, but I really wanted to learn trading and willing to risk that kind of amount for my own knowledge. But that was back then, now I don't trade anymore, I just choose to just HODL with Bitcoin and no longer into the altcoin market for this cycle. Maybe it was just me, but I guess when you are getting older, it might be very hard to stay in front of your computer the whole day to watch patterns and price movement that's why I just stay and be a long term HODLer.

That was very risky for someone who was just learning about crypto trading then, however what happened to the $500?, did you loss all the money during the learning or you multiply it to a bigger amount of money?, perhaps you come from the country were such amount isn't that big because if it were to be me I wouldn't try that because the money is too big and even if it could have been use for that it should have been when the person has understood trading very well, I no that I risk money before in trading in those days but it was an average amount. However you have done well for holding instead.

I'm also curious to know the outcome of his first trading experience. For someone that's never engaged in crypto trading before, starting with $500 dollars was very risky and regardless of the result, I won't advise anyone to do same unless you're financially strong enough to wave such amount when you lose it. For people who's mastered trading, it's actually the most profitable engagement in the crypto market but before you begin risking huge amounts of money, you just have to make sure you know how to make the best out of it.

Of course, starting with $500 may seem like a very big bet in particular if the persons who start it don’t know how the cryptomarket works. But if you want to take this road, it is high time to do it prudently and with the money that can be considered as wasted. While crypto is one of the greatest opportunities to earn massive amounts of money, it also has great risks. It would thus be easier to make right decisions once we get to understand how a market operates in terms of technical and other factors influencing the prices. It is always advisable to be prepared for the worse because this market is too unpredictable.

[gunhell16]

No one is perfect, you just need to educate yourself with the proper knowledge and perfect yourself with one strategy and stick to it. spot traders are more of holding, which is also trading while future traders are the actual traders

Spot traders are also an actual traders dude, the only difference between futures and spot is that you can be liquidated really quickly if you make a wrong entry position in a futures trade. Unlike spot, even if you make a wrong position entry, you will not be liquidated in terms of funds or assets that you have. You will just be left behind or it is up to you if you want to chase the price.

So if you are a trader, there is no room for worry when you do crypto trading, instead you should always be prepared for the consequences
that you may face in an actual trade.

[albon]

No one is perfect, you just need to educate yourself with the proper knowledge and perfect yourself with one strategy and stick to it. spot traders are more of holding, which is also trading while future traders are the actual traders

You can't profit from trading if you're not perfect so you need to do a lot of research and practice to make a profit from crypto. Many people buy crypto just to hold it and then short or long it. There are some people who trade with different strategies to make profits. So everything requires experience and you will only feel this when you live in crypto for a long time. Since the money is yours, you have to enjoy the investment, profit, and loss, so you have to move forward with proper market research. From this type of forum you will get enough experience with crypto.

[Bobcrypto]

Trading is the best valuable earning way in cryptocurrency market. Because if we follow in cryptocurrency market, we can understand easily in important of trading system. But if we know about trading, i believe that we can earn huge profit from trading. But if we cannot understand in trading system, it will be best difficult for earning best profit from crypto currency market. So i believe that if we want to earn money from crypto currency market, we should understand in cryptocurrency world.

Yes, you have good point, trading is actually the most lucrative way to earn substantial returns as far as I know. Trading with good capital is an added advantage to earn huge profit overtime, though it also requires some basic knowledge and experiences to navigate the market
As a matter of facts, crypto trading is better than other form of earning on the crypto space, like staking, lending, airdrops bounty etc, in my opinion.

[debra]

You can't profit from trading if you're not perfect so you need to do a lot of research and practice to make a profit from crypto. Many people buy crypto just to hold it and then short or long it. There are some people who trade with different strategies to make profits. So everything requires experience and you will only feel this when you live in crypto for a long time. Since the money is yours, you have to enjoy the investment, profit, and loss, so you have to move forward with proper market research. From this type of forum you will get enough experience with crypto.

We can get profits if we have proper knowledge. We may be not perfect but we have the ability to understand the right way to trade. I think it is what he means. 

If people want to trade, he must know the right strategy. It is not only about holding, they must know the right time to sell as well. Trading needs to sell in a short time, so it needs to have deep analysis. If people only want to hold for a long time, it is not trading but investing. Sure, both of them needs a research or analysis. It is a must in trading and investment.

[enwi]

No one is perfect, you just need to educate yourself with the proper knowledge and perfect yourself with one strategy and stick to it. spot traders are more of holding, which is also trading while future traders are the actual traders

You can't profit from trading if you're not perfect so you need to do a lot of research and practice to make a profit from crypto. Many people buy crypto just to hold it and then short or long it. There are some people who trade with different strategies to make profits. So everything requires experience and you will only feel this when you live in crypto for a long time. Since the money is yours, you have to enjoy the investment, profit, and loss, so you have to move forward with proper market research. From this type of forum you will get enough experience with crypto.

You are right to a significant extent because making profits in crypto is not an easy affair. Some are fond of the huge profits making more millions within a short time only, while the wise persons will realise that it, all depends. Indeed, there are no easy ways to unveal, as the cryptocurrency market remains rather unpredictable. Some prefer to go long or short position and there are lot of people who prefer to buy and hold. In any strategy that will be adopted, the aim of extensive market research and the knowledge of the various factors that cause Gold prices cannot be overemphasised. To my mind, it is crucial in order to keep forums and discuss such topics as this as they really help to get to know more on the subject.