2years of trading! - page 3. | Bitcointalksearch.org

TimeTeller

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Quote from: Sanitough on April 01, 2023, 01:59:39 PM

Quote from: hugeblack on March 31, 2023, 09:17:06 AM

In fact, I did not finish reading all the words, many here are skeptical about links that may include downloading things, so it is better to quote part of the text here.

The advice is good, but without practical training, it will not benefit the user, as the user will link the advice to its importance after it occurs, such as not leaving your money in a central platform, he will not understand its importance unless he actually feels that his money in that platform is in danger, and therefore setting examples will help a lot.

Reading some trading books will not be sufficient enough, as you need more trading training rather than focusing on reading different books related to trading. It’s still different to experience what is like to trade when you’re in a real trading scenario so you will be exposed about the reality of what is trading all about and how can you be profitable in it. And with your experienced losses, that will motivate you to learn and improve more your trading skills, and start maximizing from profiting.

Reading can definitely help you, but actual trading will give you more experience to use in your trading journey.
You can read all the books but if you are not trying it on your own actual trading, that would be useless.
Remember, you are in crypto. Each project has their own features. So one major strategy from your previous coin won't be applicable to the new one.
The more experience you will acquire, the more you will become adept in crypto trading, as one look, and you know where the coin is heading to.

tjtonmoy

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I just book marked these quotes. There are some important advice in there. But it's obvious that we learn new things every day, but how much do we remember, and how much do we really apply while we are doing our works?
I believe that what we learn by ourselves will remain with us till the end. And it is true because if you learn anything from someone else, that doesn't stay with you for a long time.
And one thing that comes before everything is having control over your emotions. If you can do this, then most of the quotes that you mentioned will become easy. Because they all are just little parts of a big iceberg.

Sanitough

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Quote from: hugeblack on March 31, 2023, 09:17:06 AM

In fact, I did not finish reading all the words, many here are skeptical about links that may include downloading things, so it is better to quote part of the text here.

The advice is good, but without practical training, it will not benefit the user, as the user will link the advice to its importance after it occurs, such as not leaving your money in a central platform, he will not understand its importance unless he actually feels that his money in that platform is in danger, and therefore setting examples will help a lot.

Reading some trading books will not be sufficient enough, as you need more trading training rather than focusing on reading different books related to trading. It’s still different to experience what is like to trade when you’re in a real trading scenario so you will be exposed about the reality of what is trading all about and how can you be profitable in it. And with your experienced losses, that will motivate you to learn and improve more your trading skills, and start maximizing from profiting.

justdimin

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Quote from: harizen on March 31, 2023, 06:11:04 PM

Good for you that you truly learned within 2 years of trading.

The fact that you are able to point out what's the best thing to do and you are able to apply it to yourself, means you put some seriousness in learning trades.

Actually, a newbie won't bother to read some long pointers and advice. Let them experience the actual pressure of doing trades as for sure, if they are really serious, their experience will make them a better traders in the long-run.

2 years was a long time so if a person is eager to learn (he makes research and practice) they will surely master trading within this time frame. Most newbies were actually lazy. They can skip the learning process but have the guts to try the actual thing which was to do a trade but they can still gain an experience with it. If they sick and tired of losing, they can now take things seriously and go back on the basic part which was to learn.

I check the first post and I see that the OP shares a lot of quotes and also recommends some trading books. This was unique because usually, most trading tips that I see here are about analysis, indicators and the likes but we must not underestimate what the OP have gave. If it works great for him then maybe it can also do the same for us.

Hypnosis00

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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 because they are confused and can rely on their failure to begin to profit outside trading by writing journals on it. Trading is practical, no matter what you have read on trading, be prepared to make your mistakes and move from it by giving yourself time to correct it.

Yes, it was not just all about reading books but guess what, there is no difference between watching youtube and online tutorials. It is important we know some important things and ideas before we start trading and it only we got this stuff from having those resources. Read them and apply them in actual trading - I believe it works for sure. Of course, it won't be as perfect as we think but it will improve along the way as we gain more experience and market understanding. Perhaps, learning can't be don't instantly but it takes time.

GreatArkansas

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Quote from: harizen on March 31, 2023, 06:11:04 PM

(....)
Actually, a newbie won't bother to read some long pointers and advice. Let them experience the actual pressure of doing trades as for sure, if they are really serious, their experience will make them a better traders in the long-run.

I don't agree here. Only newbies that are careless and irresponsible will do this. I am even not agreeing about "learn from your mistakes" where you can do better before you make those mistakes. So, for me, it will always be to do prevention first.
Trading is not a joke and it involves money.

Odusko

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Reading is the best way to gain knowledge on anything trading inclusive, but as far as I know, there is more to what makes up for a successful trader than reading and discipline as you mentioned, just like most other comments have suggested.
The success of a trader depend on the amount of money he has to continue trading with when the odds are against him because we learn the most lesson while at a loss and the ability to continue is what makes us a successful trader, winning is the goal of every trader but to make that winning happen we must first put in some efforts to develop a few skills that will minimize ours loses and maximize the winning.

blackened515

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Quote from: harizen on March 31, 2023, 06:11:04 PM

Good for you that you truly learned within 2 years of trading.

The fact that you are able to point out what's the best thing to do and you are able to apply it to yourself, means you put some seriousness in learning trades.

Actually, a newbie won't bother to read some long pointers and advice. Let them experience the actual pressure of doing trades as for sure, if they are really serious, their experience will make them a better traders in the long-run.

Learning is important because it aides development in the market. Learning never ends, even the top traders still read complex PDFs concerning their field inother to grab lessons about the market. 2 years of trading is a good point to start earning massive profits from the market because there's absolutely nothing to be scared of. Newbies do experience significant losses either from their greed or entering with wrong positions. I'm not certain because it's just a process that newbies have 50/50 chances to either make profits on their first trade.

Obari

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Trading had been a very lucrative business but yet a very risky one and I always tell people to see trading as a job rather than a vet rich quick scheme especially people trading with relatively very low capital.
Just like robot, it should be discipline over win rates when when being conscious of your win rates because discipline is one key that helps great traders test most of their strategies and I've seen some new traders who easily get panic over some loss and then sudden change their strategies without been patient or disciplined.
I just want to add some few advice to traders especially to the new one;
~ every win is a win and should be celebrated rather than being so greedy and wanting to make all the profits in a single trade.
~ no matter how bad the losses might be, never chase after losses as this singular act never ends well and always ends up in account blowing.
~ always know when to take a break and never trade with emotions.

Good luck on your trading journey and there is a saying that until it is withdrawn, it isn't your money, so always take some money after the days trading.

harizen

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Good for you that you truly learned within 2 years of trading.

The fact that you are able to point out what's the best thing to do and you are able to apply it to yourself, means you put some seriousness in learning trades.

Actually, a newbie won't bother to read some long pointers and advice. Let them experience the actual pressure of doing trades as for sure, if they are really serious, their experience will make them a better traders in the long-run.

blockman

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Quote from: Johnyz on March 31, 2023, 04:44:20 PM

Quote from: blockman on March 31, 2023, 03:21:26 PM

I agree that in trading you need the discipline to succeed. Because that's where the control gets from and you'll be able to make yourself on the right path and you won't be emotional with your trades.
As you're a disciplined trader, you're not greedy and you won't be easily moved based on how the market states.
Too many traders are losing because they're not disciplined, they may be experienced but lack discipline that makes them par with the newbie traders considering that they were experienced already.

Trading can be very tempting at times especially if you see you are winning with your strategy, but if you become more greedy then losing that profit is more possible to happen. You have to be more wise with your trades, don’t force yourself to trade if you are still not familiar about it. 2 years of experience is already enough for you to understand trading but if you are still losing money, then something is wrong with your practice, better to review it.

It's a mistake of many that when we're comfortable and think that we're doing a great job and results with our trades, that's making us forget the sole purpose of why we trade and that's to make some profits. That's being ignored and we're letting our emotions feed what we shall do next and that's to take more trades while we can. Even if it's good enough to call it a day, still we push until the unexpected comes that our profits are being taken back by the market and that's the mess that we don't want to happen but we can't stop ourselves from doing it. Sometimes a knock on the head is gonna make us remember what we're up to and what we need to do to become wiser the second time around.

Rockstarguy

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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 because they are confused and can rely on their failure to begin to profit outside trading by writing journals on it. Trading is practical, no matter what you have read on trading, be prepared to make your mistakes and move from it by giving yourself time to correct it.

Sometimes in trading beginners needs to get to know what other people have experienced in their trading journey, it will definitely help somehow. In every aspect of life you can't do without the story or experienced of others, though their may be inexperienced traders out their that knows nothing about trading or give wrong information about trading but this doesn’t mean beginners shouldn't listen or read articles of traders that has been in the system. Every beginners needs to do more research on what they read or watch from experienced traders to be sure if the information is vital or not.

Johnyz

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Quote from: blockman on March 31, 2023, 03:21:26 PM

I agree that in trading you need the discipline to succeed. Because that's where the control gets from and you'll be able to make yourself on the right path and you won't be emotional with your trades.
As you're a disciplined trader, you're not greedy and you won't be easily moved based on how the market states.
Too many traders are losing because they're not disciplined, they may be experienced but lack discipline that makes them par with the newbie traders considering that they were experienced already.

Trading can be very tempting at times especially if you see you are winning with your strategy, but if you become more greedy then losing that profit is more possible to happen. You have to be more wise with your trades, don’t force yourself to trade if you are still not familiar about it. 2 years of experience is already enough for you to understand trading but if you are still losing money, then something is wrong with your practice, better to review it.

Mahanton

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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 .

When it comes to theories and methods or other information could really be surfed out on the internet.If you are really that planning to have a new skills or something in related with trading then its not really that bad or could consume up too much time if we do speak about information which you would be needing to read up. 2 years or more or lesser, then it would vary on how someone would be able to fastly learn on how trading works and how
to deal up with an unpredictable market.It is really not that something simple that you could be able to bare up with and most people are really that rushing up and this is why they do
commit out mistakes very often.

Ndabagi01

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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

It's great that you're keeping track of what you've learned over the course of your trading career; it will serve as a guide for you in the market as time goes on.

Quote

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 .

I'm not a big reader, so maybe a video will suffice; it's a good thing you included a summary video for that. When I trade and lose, I always have this bad feeling, which usually leads to me correcting that aspect the next time I trade. While trading, I rarely get beat twice, but every setback serves as a learning experience for the future.

goaldigger

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May we know the result of your trade for the past 2 years without clicking any links?
Well, being a trader for that long will surely experience a lot and I hope that you are able to make profit out of your all sacrifices. Trading is not easy after all, and when you trade you should have more patience because profit might not come right away, it will take a lot of trade first before you see its result. I've been trading for years now, so far the result is good to me, its really about your strategy and your discipline.

_BlackStar

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Quote from: hugeblack on March 31, 2023, 09:17:06 AM

In fact, I did not finish reading all the words, many here are skeptical about links that may include downloading things, so it is better to quote part of the text here.

The link seems to be view only without downloading, look at the end of the link - just like when you open spreadsheet. But I don't know what is the importance of opening the link.

Quote from: hugeblack on March 31, 2023, 09:17:06 AM

The advice is good, but without practical training, it will not benefit the user, as the user will link the advice to its importance after it occurs, such as not leaving your money in a central platform, he will not understand its importance unless he actually feels that his money in that platform is in danger, and therefore setting examples will help a lot.

Advice like this is actually quite common for most traders because I believe many traders are experienced in this field. Apart from all that, your advice is also good idea, they should withdraw their assets from centralized exchanges when it is their investment assets. If they do trade, it should only be kept reasonable amount too.

omgitsmehehe

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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 .

Trading for consecutive 2 years is enough for one to gain helpful information in the market, at least you can boldly mapped out analysis on the market. In my free time, I'll surf the internet for the books you recommended, it's definitely going to be useful in my trading journey. Learning is everyday routine, and it never ends. Quotes align traders to be on the right path of the market and also in s stable emotions yo srt out goals for the market. Mentioning discipline is the main key, I've seen cases where a trader will go against his trading strategy because of greed, like targeting $100 daily. Once making that, because of eagerness and desperation for more profits, will rule out plans and before we know it, thr market will drained from him or her.

SOKO-DEKE

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Quote from: Chilwell on March 31, 2023, 10:52:11 AM

Quote from: hugeblack on March 31, 2023, 09:17:06 AM

The advice is good, but without practical training, it will not benefit the user, as the user will link the advice to its importance after it occurs, such as not leaving your money in a central platform, he will not understand its importance unless he actually feels that his money in that platform is in danger, and therefore setting examples will help a lot.

This suggestion of reading without practicing will not really help the matter. I was in a discussion with a friend of mine who know much about trading, is into arbitrate which I asked him to teach me, he gave me so many books to read, which I read it and I couldn't get it clear just because there is not practical, to cut the story short after learning by reading they later stop the arbitrage trading then he ask me to wait till the start again. Assuming he start with practice I would have known little about it together with my reading.

Reading is always helpful as a guide for us, particularly when we are new in anything we want to do. To be a successful trader, you need to go through a lot with seriously reading various materials to guide you at first before you decide to put it into practice. Let's just keep in mind that if we don't do research, we will stay where we are, and everyone wants to improve their trading style to win more. Researching by reading various materials or watching videos tutorials can help us learn more information that we can put into practice.

blockman

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I agree that in trading you need the discipline to succeed. Because that's where the control gets from and you'll be able to make yourself on the right path and you won't be emotional with your trades.
As you're a disciplined trader, you're not greedy and you won't be easily moved based on how the market states.
Too many traders are losing because they're not disciplined, they may be experienced but lack discipline that makes them par with the newbie traders considering that they were experienced already.

Topic: 2years of trading! - page 3. (Read 538 times)