Why is it so easy to be fooled that you are a good trader?

Fair question.

A lot of people on Steemit thought, for a while, that they are good at trading. They bought something, sold something higher, made a profit. Repeat.
Repeat enough times and you can feel like a winner for life.
"So what do you do?..."
"Oh..i'm just...A CRYPTO TRADER!" smirk included.

I'd say there are 3 huge reason for this. Maybe more but let's focus on these 3.

#1 MATH.
Applied math to be exact, every trade has a 50-50 change of being a good trade. Think about it, every time you buy something....there's a 50-50 chance of the coin going up or down. Like, you could go right now on Bittrex, get anything that sounds nice to you ( I really like how "ArtByte" sounds like ) and wait. You might have just made a little profit! CRAAAAZY!

You can throw a coin a lot of times and see head head head. You would not call yourself professional coin flipper wouldn't you?

#2 BEARS!
Yeah, they are out there, our spirit animal, pushing the market up! It's all gone crazy in the last months and almost everyone who bought smth feb-may, now made some profit to huge profits. I mean, when all the market goes 4x it's hard to lose money. It takes special skill to lose money! So most Steemians made money. Making money feels nice.

#3 INNOCENCE
This cryptomarkets are just getting started. The "real" trader, the sharks are not here...yet. But with more and more and more and more people joining the scene, this immature market is about to get a rough awaking.
The edges will be thinner, the competition fiercer, a lot of newly minted "traders" will see their profits going extinct.

Of course, you can still call yourself trader even if you lose money...

Listen to this man. It takes a looong time to be profitable trading. Count your blessings and your money and be mindful of your own stupidity. If you are serious, get on learning and get on the level.

I was always a good trader knew what was good investment but greed took it's place and margins fcked me up! But i leared my lession!

thanks dude for this information.. I would disagree its a 50/50 its more complex then that,=.

thank you, I was about to post the very same.

in reality it is 50% chance each "it can go up or down" for sure, but you can read the histroy and check your EMA lines and instagram level.

that should give you an idea on either its going to be up or down the next tick.

of course its even more complex than that, but Im just saying that there is a little science and a little bit of luck in trading

brilliant advice from this man :) Amazing post buddy :) @razvanelulmarin :)

Totally agree with your advice. But since early bird catches the fish, it is perfect time to have some good trade. Once crypto market become rough with more traders joining ,we can just lend bitcoin and earn some money.

What about the worm?

Ha has charisma and its great to see him reach the top of his sport but boxing is a completely different animal.

Thanks for posting McGregor's quote regarding talents, I couldn't agree more. I know I am successful because I am obsessive with my research and I plan to gain even more knowledge as I dive ever further into crypto.

I have only recently started trading crypto and have already made some great money in short term trading and ICO investing. So, I totally agree with you that it's easy to fool yourself into thinking you are smarter than everyone else... I know I feel that way on occasion and it's hard to fight that feeling of greed for more and more profit.

Great article.

Trading is:
10% Luck
20% Skill
15% Concentrated power of will
5% pleasure and 50% pain if you don't know what you are doing.

Really good post, I couldn't be greener at this crypto malarkey if I painted myself green ;-)

I think the Conor McGregor quote is just brilliant!