Welcome back to another episode with Analyst Aadil1000x.
Today I am here to show you some stories that many traders don't know that can also happen to them and many traders can also relate these stories with them. You will only see success stories on the internet and that's only 1% truth.
Have you not seen how much tough the market is? If you are not working very hard then there is no way to win because this is the toughest business in the whole world.
A person can understand better if the situation is told in a story that's why to make you understand I am sharing some stories.
First story.
There was a guy who was living in my city. He started forex trading and he got some lucky shots and made a small amount of money but he didn't know that this happens to all new traders, LOL. Once he made money he thought making money is as easy as opening an account but he lost 50,000 USD and not only that what he did later will scare you. He used all of his father's retirement fund and sold the house and lost everything in forex. He lost almost 600,000 USD.
To recover the amount he started to put more money. He wanted a fight with the market. From me, you will always listen that we will move with the market. Normally people say kill the market or will beat the market. You can't do that. The mindset of moving with the market is the only option to win.
Second Story
There was a guy who started trading and with little experience, he started to trade on borrowed money and he lost almost 60K and now he has a debt that he can't even pay.
Never trade from borrowed money if you have little experience or your strategy is not perfect. The chances of your winning are -100%.
Third story
It's a story of a girl living in another country whose monthly salary was 2500 pounds. She was trading different options and she lost 200,000 pounds in a year. Again whose money was that? It was her parent's money and she used that without telling them.
She was trading with untested methods. When she figured out something new she start to put money into a new method and she kept changing methods and losing all the time.
There are many stories that I hear every week with losses with more than they have earned in their life. So don't do these types of mistakes. If you are a new trader then trade only 20$ and grow it to 100$ and make notes of the strategy. If you make it possible then you can be a successful trader.
REASON BEHIND YOUR LOSS
One main reason behind the loss is WRONG knowledge on the internet. Even if you search for the most popular post, it has 5000+ like and it has more than a dozen images and he is guiding how to trade. The surprising thing is out of 12 images all 12 images are wrong and it's the most popular post. How is that possible that 100% of the guidance is wrong? Even he can give one correct direction by mistake but he failed to give one direction correct even by mistake. That's how tough the market is. Even so-called experts don't know what they are doing.
The reason behind all wrong is that he learned it online and taught the fake knowledge to many traders and it keeps continuing..
Imagine millions of traders losing without knowing their mistakes. When they lose they go back to the same information read it carefully and try to do the same thing in the best way possible and they still lose because they are using never working methods.
You have to work very very hard to move with the market. I worked really hard and formed some working methods and I know that those who don't know exactly what's happening in the market have little chance of survival.
Don't forget to give some boost and follow to stay connected.
you saying problem but not say any answers logically to do that
Aadil1000x
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@kerolos22, I have the solutions and I will post if there is demand. The problem is traders don't admit or don't have clue that it's not easy to make money so how can my solution work for them? They won't understand or give zero value to my important advice. Majority of traders admit it after losing everything. It means just before losing everything they thought they are doing great.
UnknownUnicorn39481120
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@Aadil1000x, @kerolos22 There are still some stupids who are thinking that they are gonna multiply there portfolio with traditional trading techniques. They are the most stuping members of trading coomunity. Reason is that every whale and market maker who is here to liquidate traders know these traditional pattrens and know here people are going to buy or sell. Specially in BTC. Just do the opposite of majority if you want to win. There's much more to say but I don't have enough time.
UnknownUnicorn39481120
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@IamRandom, Your mentor or internet teacher is teaching you for 50/100 dollar fees? why? because he is also a looser of market and trying to recover his loss by charging fees. THE ONE WHO KNOWS WILL NEVER TELL YOU!!
but your last charts about bitcoin going down is emotional don't you think you are the one trying to fight the market here
at least for the last couple of charts
Aadil1000x
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@DNBoY, I Don't know why you disagree with the previous chart. In most of the charts, i break many rules to give perfect analysis and it hurts the feeling of many traders. But my last post was very simple. FED raised the interest rate and with this action US dollar will get stronger and the whole world economy will depreciate. Bitcoin will also depreciate in comparison with the US dollar.
HardRAIN009
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@Aadil1000x, thanks for sharing. I can relate to these stories, fortunately I have come to my senses to some degree and haven't blown all of the money that I put onto crypto trading... It is very drawn down and I am actively looking to try and trade myself out of this position. What I have found is that it is indeed very difficult to actually make money in this market, especially for a novice like me. I am educating myself, looking into various YouTubers, Telegram groups as well as actual books.. It is crazy how much information is available, but how little guidance exists. That is probably the main issue / opportunity out there. People want to learn, they look into free content, they think they can execute perfectly thereafter, and then loose everything and give up. One YouTuber named a list of things that he wish he new when he started trading as a new trader, and the one thing that stood out was to never give up! Stick to your strategy, move with the trend, and know that the marker knows everything and you know nothing... My view is that the current market is moving irrational, there are various macro forces at play..war, resection, slow downs, inflation. A mix that Bitcoin doesn't make sense of. Imagine giving a thirteen year old a mix of Vodka, tequila, rum and champagne...withice and water. You can't expect it to behave.... Anyway, that was my rant. Keep it real.