Quote from: Ruttoshi on July 08, 2024, 06:22:30 PM

Quote from: Cryptoprincess101 on July 08, 2024, 06:15:55 PM

Quote from: Ruttoshi on July 08, 2024, 05:39:12 PM

Do we have anybody that has made success through trading, come and clear my doubt. I know that we have long term investors that are still hodling with huge profit.

I have known few people who have been into trading and made success through it but yet they always say that trading is very risky and that anyone who wants to trade should use an amount they can afford to lose while trading and these two people that I have known to be successful traders told me that there are times they also lose a lot of money but they have someone through telegram who sends them signals and out of six signals they get in a day, they can succeed with about 4 of the signals most times and lose with 2 signas. These two guys have achieved and acquired some assets through trading and they even tried putting me through on how trading works but I declined because I don't like involving myself in high risk form of making money and am someone that can't control my emotions if I incur losses so I just rejected their offer because I don't want anything that will trouble my mental health.

This is exactly what I was saying. People who claim to be traders that depend on signals for them to trade are not traders because they don't have the knowledge on how to go about trading for them to make profit and there is a high chance that they can run at huge loss any time when the get a wrong signal.

A good trader should figure out his own trading strategy and make profit from it than losses that is when I will say that you are a successful trader. You don't know any successful trader yet.

I agree with you that those who depends on trading signals before they make their trading are not traders due to the fact that they are not doing it based on their own efforts and understanding but if someone doesn't have knowledge of something and such a person uses the knowledge of others to get what they want will you still classify those kind of people as unsuccessful?
Being successful doesn't really mean you must always use your own knowledge to get what you want, sometimes you can use the knowledge of others and still become successful. I have seen someone who doesn't have an idea about a business he wanted to venture into but he loves the business so much and he hired someone to run the business for him and he became successful so the most important thing is having the right update and meeting people you can trust very well. I'm not encouraging newbies to enter into trading but all I want you to know is that there are still successful traders let's just be more real here because the people I'm talking about are people I have known for years and they have been using trading for their livelihood even though one among them have a skill and the other own a business but it was through this trading that they were able to make such achievements. However, trading is very risky so anyone who wants to get involved in it should consider the state of their mental health and be ready to accept any challenges that may occur in the process