2years of trading! | Bitcointalksearch.org

palle11

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Quote from: Kelvinid on April 12, 2023, 07:01:56 AM

Well, sticking to your strategies that seem effective is perhaps a great idea but sometimes we need also to try new strategy(ies) because we never know if are more effective. Because I know is that trading is an every day learning and surely we learn new things in every situation that we encounter, especially when facing difficult times. And this time, we just see the importance of deeloping another strategies and will suits to the current situation that we never face before (like 2 years ago).

We can relate trading as a football team and I think one of the strategy of the game is that you don't necessarily change a winning team because if you do something you think you want to perfect may go wrong. Trading like you said is not easy and having a winning strategy is better to stick with it. If you think the grass is greener with another new strategy then you may be disappointed. Trading is about profit taking and not a show of perfection.

Kelvinid

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win lambo...

Quote from: Inwestour on April 12, 2023, 05:32:08 AM

If you have found your strategy, then stick to it and never break the rules that help you stay profitable during these two years. Trading is not an easy task, sometimes it may seem that you understand everything and it will distract your vigilance, but remember that the market is full of surprises, at any moment it can provide us with a lot of unexpected things.

Well, sticking to your strategies that seem effective is perhaps a great idea but sometimes we need also to try new strategy(ies) because we never know if are more effective. Because I know is that trading is an every day learning and surely we learn new things in every situation that we encounter, especially when facing difficult times. And this time, we just see the importance of deeloping another strategies and will suits to the current situation that we never face before (like 2 years ago).

Inwestour

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If you have found your strategy, then stick to it and never break the rules that help you stay profitable during these two years. Trading is not an easy task, sometimes it may seem that you understand everything and it will distract your vigilance, but remember that the market is full of surprises, at any moment it can provide us with a lot of unexpected things. Take profits, remember that only an increase in the balance on your screen does not mean anything, until you withdraw the profit to your wallet.

Chainsmokers

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Quote from: ethereumhunter on April 08, 2023, 08:48:27 AM

Quote from: taufik123 on April 07, 2023, 03:02:28 PM

Quote from: ethereumhunter on April 07, 2023, 02:42:59 AM

-snip-
Investing in the right coins is important so we can get big profits. And people tend to invest in altcoins and most invest in new coins they don't know about. But if they can choose to invest in bitcoin, they can at least benefit in the future.

It cannot be the right action when the beginning of the investment expects large profits.
Because there will be many risks that will be borne before the profits come.
Bitcoin is the right choice as the main long-term investment without doing any more research.

But if you want to get into altcoins then it is necessary to do research.
Altcoin will be more challenging because of the greater risk, and rapid price fluctuations depending on how the Bitcoin price is doing.

If he can accept the risks and knows how to deal with them, he can continue investing while waiting for the bitcoin price to increase. We can't expect to get big profits at the beginning of the investment, but we need to guard against emotions that might go up and down along with unstable market movements. If we can hold bitcoin well, the emotion will not change and we can keep investing in bitcoin without any problems. And if you are confused about choosing a coin, you can just invest in bitcoin instead of looking for altcoins because altcoin movements will be wilder than bitcoin.

When it comes to investing in Bitcoin it will be good and promising for long term investment,
and it proves to be profitable but it does need patience too,
The most important thing is to decide where to invest first.

Hallroom

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@Op The point is not that one can ever acquire trading education by reading books. Trading is real experience which can take risk of loss but you can never achieve success by watching trading books or YouTube. Trading requires hands-on experience and market validation so that you can take trades at the right time.

kotajikikox

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Quote from: cafter on March 31, 2023, 03:52:40 AM

i was started trading 2 years ago, and i learned so many things and written some rules and tips that i learned after every trade,
i thought it is helpful to many of other traders, and also so many good quotes are there, read one quotes think understand move to other quote, and follow.
here : https://drive.google.com/file/d/1OsNMJRRp-3qmZA81BuGJyHsCwKsOunWr/view
discipline is most important to trade like a robot, discipline matter more than winrate. I suggest this two books , 1. disciplined trader , 2. trading in the zone , if you can't afford these books then there are so many websites availed to download for free or you can watch summary on youtube 2 times .

you looks to know what you are doing , and thanks for sharing your tips.

I have also seen some traders guide but sad to say that I don't really get what to do completely .

Quote from: ethereumhunter on April 08, 2023, 08:48:27 AM

If he can accept the risks and knows how to deal with them, he can continue investing while waiting for the bitcoin price to increase.

bitcoin or altcoin but if you are willing to gamble and risk then trading Bitcoin and some altcoins will be the best for you.

remember , invest your funds that willing to risk .

taufik123

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Quote from: ethereumhunter on April 08, 2023, 08:48:27 AM

-snip-
If we can hold bitcoin well, the emotion will not change and we can keep investing in bitcoin without any problems. And if you are confused about choosing a coin, you can just invest in bitcoin instead of looking for altcoins because altcoin movements will be wilder than bitcoin.

So good management is needed, without a good strategy and management psychology will be the first thing to be influenced.
No matter how much capital is used, it will be useless if there is no risk management and financial management.
Actually not without problems, but preventing problems that could have occurred because any investment will have some problems.

The best strategy when you don't get the right altcoin choice will indeed end up with Bitcoin.
But take a look at ETH, it is the most recommended altcoin because it still follows Bitcoin prices.
DWYOR

ethereumhunter

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Quote from: taufik123 on April 07, 2023, 03:02:28 PM

Quote from: ethereumhunter on April 07, 2023, 02:42:59 AM

-snip-
Investing in the right coins is important so we can get big profits. And people tend to invest in altcoins and most invest in new coins they don't know about. But if they can choose to invest in bitcoin, they can at least benefit in the future.

It cannot be the right action when the beginning of the investment expects large profits.
Because there will be many risks that will be borne before the profits come.
Bitcoin is the right choice as the main long-term investment without doing any more research.

But if you want to get into altcoins then it is necessary to do research.
Altcoin will be more challenging because of the greater risk, and rapid price fluctuations depending on how the Bitcoin price is doing.

If he can accept the risks and knows how to deal with them, he can continue investing while waiting for the bitcoin price to increase. We can't expect to get big profits at the beginning of the investment, but we need to guard against emotions that might go up and down along with unstable market movements. If we can hold bitcoin well, the emotion will not change and we can keep investing in bitcoin without any problems. And if you are confused about choosing a coin, you can just invest in bitcoin instead of looking for altcoins because altcoin movements will be wilder than bitcoin.

nur rochid

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Quote from: Falconer on April 07, 2023, 04:19:04 PM

Quote from: kawetsriyanto on April 07, 2023, 03:54:19 PM

Quote from: cafter on March 31, 2023, 03:52:40 AM

...
discipline is most important to trade like a robot, discipline matter more than winrate. I suggest this two books , 1. disciplined trader , 2. trading in the zone , if you can't afford these books then there are so many websites availed to download for free or you can watch summary on youtube 2 times .

Discipline must work on anything. In trading, yes, discipline is very important, like our consistency in keeping learning from time to time, to understand which trading strategy activities really fit us. Additionally, we must be also patient enough in trading, not only patient to take the profits, but also patient in controlling our unstable emotions, facing unstable and volatile markets, FUD, and other terms that probably cause us lost. Hopefully, at least we can be more consistent in doing training with understanding not only the knowledge but also other disciplines.

Sometimes knowledgeable people can also fail in practice, that's because trading is not always as expected. There are many factors that help a trader succeed, but the best is himself and his ability to understand the market. I'm sure not all of us have the same background knowledge, ability and intelligence to understand the market, it will also affect the success of the plans developed by traders.

Even I still get losses in trading during price fluctuations. Experience can only minimize the risk of loss, but loss is always difficult to avoid. Mate, Losing is normal in trading, but the most important thing is how to plan a strategy after losing.

I think there are wins and loses in trading. when we lose, it is better to wait and see first, so wait for the opportunity to re-enter the market, because there are many incidents after losing, the emotion will be to want to recover losses immediately. things like this should be avoided trading in a state of emotion. therefore we must be disciplined in dealing with trading manners. most people are good at strategy and analysis, but can't control themselves

Falconer

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Quote from: kawetsriyanto on April 07, 2023, 03:54:19 PM

Quote from: cafter on March 31, 2023, 03:52:40 AM

...
discipline is most important to trade like a robot, discipline matter more than winrate. I suggest this two books , 1. disciplined trader , 2. trading in the zone , if you can't afford these books then there are so many websites availed to download for free or you can watch summary on youtube 2 times .

Discipline must work on anything. In trading, yes, discipline is very important, like our consistency in keeping learning from time to time, to understand which trading strategy activities really fit us. Additionally, we must be also patient enough in trading, not only patient to take the profits, but also patient in controlling our unstable emotions, facing unstable and volatile markets, FUD, and other terms that probably cause us lost. Hopefully, at least we can be more consistent in doing training with understanding not only the knowledge but also other disciplines.

Sometimes knowledgeable people can also fail in practice, that's because trading is not always as expected. There are many factors that help a trader succeed, but the best is himself and his ability to understand the market. I'm sure not all of us have the same background knowledge, ability and intelligence to understand the market, it will also affect the success of the plans developed by traders.

Even I still get losses in trading during price fluctuations. Experience can only minimize the risk of loss, but loss is always difficult to avoid. Mate, Losing is normal in trading, but the most important thing is how to plan a strategy after losing.

kawetsriyanto

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Quote from: cafter on March 31, 2023, 03:52:40 AM

...
discipline is most important to trade like a robot, discipline matter more than winrate. I suggest this two books , 1. disciplined trader , 2. trading in the zone , if you can't afford these books then there are so many websites availed to download for free or you can watch summary on youtube 2 times .

Discipline must work on anything. In trading, yes, discipline is very important, like our consistency in keeping learning from time to time, to understand which trading strategy activities really fit us. Additionally, we must be also patient enough in trading, not only patient to take the profits, but also patient in controlling our unstable emotions, facing unstable and volatile markets, FUD, and other terms that probably cause us lost. Hopefully, at least we can be more consistent in doing training with understanding not only the knowledge but also other disciplines.

Quote from: palle11 on March 31, 2023, 03:59:29 AM

Trading is not about reading of books or hypothesis of other traders but you have to be there and done that yourself. Some writers of trading books or journals are not traders or are fall out traders who don't have the courage to continue in losses .....

There's nothing wrong with reading books, at least to give us some knowledge, and this is also important. Wherever the source comes from, when we are willing to read and learn, then this will be better than not reading from anything and only based on experience. Experience is good, but experience must also be accompanied by knowledge that can be read from various sources, one of which is books. Whether later it will really work or not, this will depend on how our trading activities are, at least this will help us gain experience.

Awaklara

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Quote from: martyns on April 07, 2023, 03:30:09 PM

My few years of trading have been full of experience about trading,and I now work in those experiences to be able to make out a better trading strategy today.

it means you grow with what you get from your experiences. there are also traders who have been trading for years but all they get is crap. it's because they didn't study properly. what is done is just speculation without analysis. there are even those who trade for a long time just copying trades and signals given by other people.
if you feel your trading skills are growing, that's great. and keep doing it if you like it. there are some people who do not feel comfortable with the trades being made and choose to invest long term, or even decide to exit the crypto market.

martyns

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Quote from: Finestream on April 07, 2023, 08:12:36 AM

Quote from: Peanutswar on April 02, 2023, 04:44:12 PM

Experience is one of. the best teacher but if you didn't learn from this experience I guess there's something wrong with the things you are doing. I've been in the world of trading for over year's there are a lot of red days before profit comes my first three months are not a good run and it's really hit different but after that days you've been seen there's some improvement and taking step by step a good run.

If you can gain sufficient knowledge and experience, the higher chances you will be a good and successful trader. And while OP is encouraging us to read more textbooks so we can learn and understand about trading, but I believe learning trading will be more worthwhile and efficient if you also do it while learning, and that is where proper application takes place. Experience is part of your training, so the more you are exposed to your experiences, the bigger chances you’ll be an effective and profitable trader.

Being a profitable trader is not really a day's job,it's something done and built for years. It requires a lot of mistakes made,a lot of errors done,and a lot of lessons learnt.Trading is not for people who are chicken hearted,it is mainly for people who have determined to succeed through it by all means despite the stumbling blocks on the way.It is not bad to make mistakes in trading,some person's say failure is not part of success,and I say No,it is part of success,it is only when you fail,that you can do that same thing perfectly because you've already gotten experience about it.My few years of trading have been full of experience about trading,and I now work in those experiences to be able to make out a better trading strategy today.

taufik123

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Quote from: ethereumhunter on April 07, 2023, 02:42:59 AM

-snip-
Investing in the right coins is important so we can get big profits. And people tend to invest in altcoins and most invest in new coins they don't know about. But if they can choose to invest in bitcoin, they can at least benefit in the future.

It cannot be the right action when the beginning of the investment expects large profits.
Because there will be many risks that will be borne before the profits come.
Bitcoin is the right choice as the main long-term investment without doing any more research.

But if you want to get into altcoins then it is necessary to do research.
Altcoin will be more challenging because of the greater risk, and rapid price fluctuations depending on how the Bitcoin price is doing.

Quote from: Finestream on April 07, 2023, 08:12:36 AM

-snip-
but I believe learning trading will be more worthwhile and efficient if you also do it while learning, and that is where proper application takes place. Experience is part of your training, so the more you are exposed to your experiences, the bigger chances you’ll be an effective and profitable trader.

Your point may be to learn the theory while practicing it so that there will be real action and application of strategies to trading.
If you only learn theory it will not provide more experience. Practicing directly using a real account with a minimum balance, it might be a good initial trading experience.

The application of strategies and some management must be done.
More experience will also train the psychology of trading so as not to panic too much when the market is out of control and not as expected.

Finestream

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Quote from: Peanutswar on April 02, 2023, 04:44:12 PM

Experience is one of. the best teacher but if you didn't learn from this experience I guess there's something wrong with the things you are doing. I've been in the world of trading for over year's there are a lot of red days before profit comes my first three months are not a good run and it's really hit different but after that days you've been seen there's some improvement and taking step by step a good run.

If you can gain sufficient knowledge and experience, the higher chances you will be a good and successful trader. And while OP is encouraging us to read more textbooks so we can learn and understand about trading, but I believe learning trading will be more worthwhile and efficient if you also do it while learning, and that is where proper application takes place. Experience is part of your training, so the more you are exposed to your experiences, the bigger chances you’ll be an effective and profitable trader.

ethereumhunter

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Quote from: Sorryfor on April 06, 2023, 11:03:58 AM

Most people are familiar with trading and everyone loves to trade.However, there are many new traders in the market who invest without understanding the market position. And later it turns out to be the biggest risk to his finances. So I think it is important to invest in good coins if you are investing for long term. Because most of the time people invest in different alt coins to get more profit. and later they face a lot of losses so I suggest investing in Bitcoin is definitely the best.

Those who enter the market without having trading skills will not be able to get the profit they expect because the ever-changing market situation forces them to learn to analyze. If they don't want to learn, they will never see the results and may only experience losing trades.

Investing in the right coins is important so we can get big profits. And people tend to invest in altcoins and most invest in new coins they don't know about. But if they can choose to invest in bitcoin, they can at least benefit in the future.

irhact

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Quote from: cafter on March 31, 2023, 03:52:40 AM

i was started trading 2 years ago, and i learned so many things and written some rules and tips that i learned after every trade,
discipline is most important to trade like a robot, discipline matter more than winrate. I suggest this two books , 1. disciplined trader , 2. trading in the zone , if you can't afford these books then there are so many websites availed to download for free or you can watch summary on youtube 2 times .

Two years is too small to start feeling you're now good at trading to start giving trading advice, it doesn't matter if you have been in profit for those two years straight, it's still not enough because you haven't experienced atleast the whole cycle of a market which usually takes four years. When you have experience both season of the market then you would have gotten enough experience to give advices.

Apart from that, what you said about discipline I can agree with because to succeed at whatever you're involved in, you have to be disciplined or you'll lose focus. There are so many distractions in the market that if you aren't discipline you'll go off course and get trapped in the world of chasing hypes.

LewisMachina

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2 years?

that's a rookie number baby.

armanda90

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Are you sure with disciplined in trading? seems funny there are not working at company we need disciplined and wake up at the early morning for working and go home on the night. Seems difference and not really important about disciplined because whales and market condition make us success or not in trading.

Beside disciplined I think have priority for trader can manage their emotion and stop greedy after earning profit, this important points in trading and how become success how long experienced have been in cryptocurrency if can't controlling emotion I don't sure have chance to earn profit.
I don't read any book as reference for trading because most important is how application in the trading way not theory only.

StarKay

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We All Can Make It

Nice write-up and I liked the book you recommended but I disagree with your assertion that discipline is more important than win rate. I will rather you say that to be profitable a good trader must acquire the required skills and build sufficient discipline. A combination of skills and discipline is needed to have a good win rate and stay profitable.

Topic: 2years of trading! (Read 538 times)