Post
Topic
Board Trading Discussion
Re: Things you might miss when starting to trade.
by
goldkingcoiner
on 28/07/2025, 21:57:17 UTC
Newbies especially need to know that it takes alot to become a successful trader. Good effort should be put into learning all about trading. Mentorship from a reliable mentor would go a long way. Trading is not the ideal career  those who want to get rich quick should take up.

You can't get rich quick trading, let nobody deceive you that, it's possible. You can only get rich quick from gambling and in the industry is from a gamble you made on an altcoins that did very well. Getting rich quick shouldn't be your dream because people that get rich quick don't stay rich as they spend everything and go back to being broke because they weren't prepared for the riches that they got. Money won't stay with you when you haven't mastered the act of controlling money. To master this act, you need time and experience and that's what you get when you calm down to understand trading and going through all the process needed to become a good trader.

I agree! If a trader gets rich quick by trading, lets say, perpetual contracts on extremely high leverage, then that "trader" got very lucky and his success cannot be attributed to his skills, as that degree of prediction is not possible. You would get liquidated before any pump happens (unless you are extremely lucky, as I said).

Trading for profit is a slow game in which you make losses, wins, losses and more wins. Eventually things balance out and if you are a good enough trader you will have a positive delta. And that small profit, which takes a long time, is what reflects your skills as a trader.

Anything else is fantasy and will end up 99.9% of the time in loss of all your funds.