I know that you are trying to do good referring people to materials that you claim has helped you, but personally I have read a lot of books to know that some of the things written in books are not applicable in the real word and far from all possible practical scenarios. Some of the writers write these books without actually considering all practical situations, making some of the tips useless.
I am more interested in individuals who are not writers sharing their personal practical tips that were formed from experience than reading tips from random people that are writers.
Topic: 2years of trading! - page 4. (Read 480 times)
The odyssey you've embarked upon in the realm of trading exemplifies the transformative power of acquiring knowledge. In this vast universe of trading, endless opportunities await, though it's not a playground for the timid. A cocktail of determination, tenacity, and most importantly, profound self-comprehension is imperative. As you've pointed out, discipline is a cornerstone of trading triumphs. However, discipline in isolation is insufficient. Continuous introspection and self-improvement distinguish exceptional traders. From my perspective, journaling your trading adventures is a potent way to foster self-awareness. Document your musings, emotions, and insights about your trading escapades. You'll be astounded by the revelations about yourself and your trading strategy gleaned from these journal reflections. Plus, you might unexpectedly unearth a flair for penning amusing trading tales!
If you can have a successful two years in trading bitcoin then i believe you could do every possible efforts to avoid making trading mistakes that could acrue losses in your investment, not only that, many experienced traders make profits irrespective of the season the bitcoin price is on, wether be it bull or bear, they still make their money because they understand the principles that lies in there, and give a closer study on price speculation.
Discipline is a must have for traders, because discipline can be applied in all aspects, especially for a trader. But there will be many factors other than discipline to make a trader successful. Op has been trading for 2 years, so chances are that Op will learn a lot from what he has experienced while trading. But 2 years can also be a very short amount of time in the world of trading like this, it could be that it takes longer to make us really understand the real world of trading.
discipline matter more than winrate.
Traders disciplined themselves because of what? Not winning? Traders followed trading rules because they want to win. Traders goal is to be winning. Winning is what that is most important in trading and that is why traders research about how to achieve the winning goal. But I understand you, it is true that discipline is very importantt in trading.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.
For you to start trading, you need to read and or watch videos to start as a newbie traders. Without reading, it would be very difficult to become a trader. But I do not see books to be necessary, there are articles and videos on YouTube and on trading platforms these days that can help. Also you can just use search engine to search for anything you want to know about trading.The point thereof is that many newbies rely so much on reading and depend on what they have read without finding their own niche in trading. Go out there and make your mistakes to be a better trader from the experience that you will get. I believe on basic reading to least understand the concept, how to navigate the platform and the indicators but not to rely only what is on the books and not practical.
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.
Discipline is one of the most important aspects of trading and is difficult to learn. But if you want to become a professional trader, you must take the time to learn.
Don't trade using leverage if you don't have enough experience, skills, and analytical skills because it can give you a bigger risk of losing. It's better to trade using spot trading and take profits little by little while continuing to learn. It would be better than trying to trade using leverage right away. And never trade in a state of emotion because it can affect your analysis. If you have made a profit, immediately withdraw it and don't wait long because the market can reverse direction soon, and you will lose that profit. And don't forget to use stop-losses to avoid bigger losses.
Don't trade using leverage if you don't have enough experience, skills, and analytical skills because it can give you a bigger risk of losing. It's better to trade using spot trading and take profits little by little while continuing to learn. It would be better than trying to trade using leverage right away. And never trade in a state of emotion because it can affect your analysis. If you have made a profit, immediately withdraw it and don't wait long because the market can reverse direction soon, and you will lose that profit. And don't forget to use stop-losses to avoid bigger losses.
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If you've started trading 2 years ago, then you'll understand that win rate also matter as a trader. Because being discipline without having wins is just a result of no progress in trading.
ok, you have winrate of 70% and don't have discipline, so you are trading and won 7 times in a row then in 8th trade the price was going in the opposite direction and you starting doing TA second time on that trade then you thought that if i move the stoploss to some extent then may i can win this trade, and the result of that trade was loss and you also moved you stoploss then the loss was bigger than previous stoploss, ok the overall loss was 20% of the trade, after in 9th trade you thought i already done 20% loss, what if i try this time by high leverage?. then you calculated and come to try that high leverage bet , and this trade also not going in your favour and here also you moved your stoploss and in frustration and in revenge mode you blowed you whole balance because of lake of discipline so discipline is very important in trading.
you can also win of your winrate i very less like 30% or 40% by increase your Risk to reward ratio (https://www.investopedia.com/terms/r/riskrewardratio.asp)
BTW, they both are important.
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.
discipline is most important to trade like a robot, discipline matter more than winrate.
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.
discipline is most important to trade like a robot, discipline matter more than winrate.
If you've started trading 2 years ago, then you'll understand that win rate also matter as a trader. Because being discipline without having wins is just a result of no progress in trading. Its a good thinking that being calm and discipline in any situation to the market as a trader, but eventually it won't last. That's the point of attaining knowledge about the trading to be familiarize any possible outcomes that we all aiming which is "winning".
Trading is not about reading of books or hypothesis of other traders but you have to be there and done that yourself.
It's obvious that trading doesn't always rely to the information that written in the books. It aims for people to enhance their basic knowledge in trading to familiarize to it. There's a lot of free websites online that could help you to deeply understand trading. Which is better since in online some of them is updated unlike in the book was published, it would be hard to keep on the trend. That's why some of the books teach the basics on trading.
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.
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.
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.
this is trading discussion sub board so it's obvious all or most of the people are familiar with trading and are trader, so i just suggested books on discipline to gain more knowledge and shared some rules in one lines which you will understand when you think about it .
and reading books, watching youtube taking course, will just increase your knowledge and you are not going to be a better trader by taking courses , when you will depsoit some money and trade with that then you learn the real thing.
i suggest beginners to after learning about TA and basics they just deposit very small amount and trade with that you will learn morethan that youtube videos and courses.
discipline matter more than winrate.
Traders disciplined themselves because of what? Not winning? Traders followed trading rules because they want to win. Traders goal is to be winning. Winning is what that is most important in trading and that is why traders research about how to achieve the winning goal. But I understand you, it is true that discipline is very importantt in trading.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.
For you to start trading, you need to read and or watch videos to start as a newbie traders. Without reading, it would be very difficult to become a trader. But I do not see books to be necessary, there are articles and videos on YouTube and on trading platforms these days that can help. Also you can just use search engine to search for anything you want to know about trading.
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.
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
Every line has a hard learned lesson and can be written a short book of each line.
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 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
Every line has a hard learned lesson and can be written a short book of each line.
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 .
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