kobi

It's sad to hear that he is resigning after losing all that I heard you say he lost, for me, quitting is the best option rather since he has discovered his weakness, let him regain his losses by working on improving his skills.

If you read through you'll see that most people hold the opinion that trading with the view of experiencing luck could be more or less compared to gambling, what do you hold of this?

This psychological part of trading controls remarkably our potential results in trading, the ability to stay on your trading pattern irrespective of your current losses.

When you get into a dark room, what comes to your mind naturally is fear of the unknown because you are ignorant of the content of that room but as soon as light comes the fear goes..simply get knowledge about trading and the fear will leave you.

I created a topic about luck in trading and after carefully studying others experience and views I came to a conclusion that what refer to as luck in trading is simply the result of our individual choices.

Counting all the awful experiences gathered all in the past, it is wise to stand your grounds as a trader and an investor because at this moment giving up will be the real lost.

True, patience is golden, with it you will access the treasures of the earth including those of cryptocurrencies.. Trading with patience prevents losses and presents countless opportunities to traders.

If someone can through the power of hard work change their bad luck to good luck then I will say luck is what we get as a result of what we put into anything by our effort.

Someone suggested to us on this thread that panic is for beginners traders, I don't know how true this claim could be, please share with us your opinion on this matter.

Cool advice, I mean putting your stop loss at your entrance point could limit the possibility of you being kicked out of the market before rising, and I think to do this one must be patient enough to enter the market at the right point.

Nahna your opinion is deep, truly mistakes will also be made sometimes even more than once but the ability to turn those mistakes into lessons sorely depends on our reaction toward such occurrences.

This is quite precise, discipline in trading can correctly be seen as abiding by trading principles that are mostly formulated through information and data accumulated through experience.

Now having this ability developed in their blood means it's a talent or a gift, there were born with these abilities making them born traders, though there is need for training to sharpen it.

Your contribution is quite helpful I felt educated to read your point that says how we process the data we have makes the difference, the knowledge perceived, I can say the that we can create own own luck. I like your point that says that the way you process the information and data available to you makes the difference, from this I can boldly say a trader can create his or her own luck then.

You'll agree with me that making the decision of not following the market when you're left behind is difficult especially when you're witnessing the move, you could hardly control your fingers off jumping in and you can even hardly tell when it is that the market is far gone.

Sakib thanks for making it this clear, I see you using business in relations with trading in the example you cited so I began to wonder if business principles will work when applied to trading .

You hold the opinion that emotions are necessary making your view unique from many others, and I have reasons to believe you because I also hold the opinion that passion is needed to succeed in everything including trading and this is principally fueled by emotions.

If what you said is true about the effects of what diversion can give us then I think it really helps, I mean if it helps clear our minds from doubt we'll be having then it's good because most losses comes from doubt.

Are you implying that there's luck in trading but is that luck is function of knowledge, what then happens to a trader who does not have adequate knowledge about trading but later does acquire it?

Wow! This is so educational, you're absolutely right about the fact that smaller investors takes the higher risk, truly that fact is driven by greed, so the circle of losing your small capital continues without you ever breaking out until you stop being greedy,quite ironic

Lol! Really horrible feeling you know, especially when you have really waited for so long a time that you would have used to engage your funds and time in other trades Rather than waiting it.

Thanks for educating me with this word, it absolutely describes the true feeling this experience brings, so how can we prevent ourselves from being stop loss hunted in the crypto market?

What is your opinion about passion, I discovered it was unmentioned, you probably have a viewpoint different from mine so let hear yours on this matter, thanks for sharing.

There are now diverse alt coins and not all rises together nor fall together, so therefore, it's possible to be in a coin that is not rallying up with the rest so there's every possibility that you can miss out.

The fact may be that there is a factor of jealousy inside of our emotions stirring the sadness because most often there's a little bit of anger included in the whole feeling of missing out the market move.