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📉 Trading will make you poor

  • Thread starter Thread starter Bored Ape Crypto Club
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Bored Ape Crypto Club

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Let's look at the facts and statistics.

âž– 95% of traders lose their deposit over the long term.

These are statistics and it's stupid to argue with them. Moreover, these are statistics on the stock market. In the cryptocurrency market, I believe this value tends to 99%. 5% of traders take all the money from 95% of the remaining players. Over the long term, this percentage diverges even more. And only 1-2% of the strongest players remain. When you look at the numbers and the main reasons for these statistics, it becomes clear that trading is a path to poverty for the vast majority of people who try it.

No matter how many lessons you watch on technical analysis, on drawing sticks on a chart and using magic indicators - trading will remain speculation. It is impossible to predict where the market will go, since too many factors influence it. One post from Elon Musk or CZ can throw your strategy into disarray. Too many inputs that are impossible to take into account. The biggest trick in trading is believing that you have it all figured out and started making money. Most often, this happens in a bull market. Everyone is making money, everything is just magical. There is euphoria in the market. No matter what trades you make, no matter how often you buy assets, you are in the black 90% of the time. You tame the wave of success and wealth, bathing in crazy percentages of profit. At this point, you think: this is it - I did it. Trading will become my main source of income. I hacked the system. But this is just an illusion formed by a bull rally. An illusion that clouds the minds of many people. Then you are faced with the harsh reality. Your trades start closing in the red, because the market direction has changed. But you clearly remember how successfully you traded a couple of months ago. You try to repeat that success and recoup, but continue to lose money.

âž– Trading = Casino.

Like gambling, trading involves taking risks in the hopes of winning big. However, unlike gambling, where the odds are clearly defined and the potential rewards are known in advance, the risks and rewards of trading are much harder to predict. Traders take a risk every time they open a trade.

➖ The concept of “expected value.”

In a casino, expected value is the average amount you can win or lose. For example, if you bet $1 on a coin flip, you have a 50 percent chance of winning $2. The expected value of this bet is $1. In the long run, you can expect to break even on these bets. In the world of trading, the expected value of a trade is much harder to calculate. As a result, a trader takes a risk every time they open a position.

âž– You CAN make money on trading, but:

Trading is a very complex area that requires a lot of experience, knowledge, psychological stability and serious capital. Trading is a PvP (Player vs Player) game. And if you come without experience, strategy and discipline, you will quickly be stripped and sent to the factory. That is why I recommend staying away from trading, since the risk of losing money is very high, even with a professional approach. And with the approach that is popular with most people in the cryptosphere - this is a guaranteed REKT.
 
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