Quote from: d3nz on June 22, 2024, 06:07:13 AM

Quote from: kawetsriyanto on June 21, 2024, 10:39:36 PM

Quote from: Mr.sprin on June 18, 2024, 07:17:39 PM

Profit depends on us, how we make decisions so that we receive profits or losses, if we have deepened the knowledge of trading we can easily minimize losses, and we are not rash in making decisions so that we suffer losses, that way we can choose how to so that we don't suffer losses, therefore we need knowledge first before we start trading and we can also take safe steps when coin prices start to decline, and don't think too much because prices start to fall, that way we can overcome the mental us more calmly.

Sure. Knowledge has a big role to make the decision. If we have good knowledge, we can be easier to make the right decision. So, it is not so difficult to make profits. But if we have lack of knowledge, how we can make the right decision? The decision will always depend on the knowledge. That's why it is very important to keep learning although we already traded for a long time. Sometimes, the market trend changes, we must consider more factors to make a decision. If we stop learning, we may have no improvement in our knowledge. So we may make the same mistake in making the decision.

Actually, having a trading knowledge is cool but it really depends on the skills and experience. That's why it's really hard just to rely on your trading knowledge but if you don't have the experience then you will just lose your money.

And traders will be profitable if they are earning $100+ a day if they are doing future trading, and on spot trader it would be $500 - 1000 a month

You are making a good point but you still did not explain it well. It's true that the traders who are relying on what they know will not achieve anything, but when they are experienced, they have a better chance of success. However, the experience as they call it doesn't automatically translate into success, it is the right application of what you are experienced in that will deliver success into your hands. Practically, let's view it this way, we can't say most of those who are failing in trading are not experienced, can we? That should have spoken volumes already. One may gain the highest trading experience in the world but still lose, while a person with a simple experience, but notwithstanding, knows how to utilize it well and becomes very successful in it.

I know all the rudiments of trading and I conclude that trading is very simple, yet people are losing massively in it. This can only mean they are doing something wrong despite being experienced, and if the issue is not in the experience, then there is a certain missing link, which can only be on how they apply things wrongly despite knowing everything already. This could extend to the psychological aspect as well.