Topic: 2years of trading! (Read 548 times)

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

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 .

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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

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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.

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

...
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

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...
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.

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...
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: martyns on April 07, 2023, 03:30:09 PM

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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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.

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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.

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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.

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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: borovichok on April 06, 2023, 02:01:13 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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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.

Sorryfor

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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.

cafter

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...discipline is most important to trade like a robot, discipline matter more than winrate...

Winrates portrayed the fact that one is not reluctant in one place and there's always room for improvement. It's advisable to stick to a trading plan and have full confidence when placing a trade. Discipline is key factor to maintain in the space, specifically if a trader would want to remain consistent and counting profits in everyday trade. Never have I trade with emotions or kept in mind to have revenge on the market due to the losses I recorded on my account. Trading for 2 years is enough reason to start gaining massively from the market, however it depends on your trading strategy.

why some people(very old like 70 or 80 years old) go to trading events for learning, if it was that easy then, people who have more then 10years of experience are also in loss,

some people make money out of the market in 4 or 5 years of experience.

borovichok

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...discipline is most important to trade like a robot, discipline matter more than winrate...

Winrates portrayed the fact that one is not reluctant in one place and there's always room for improvement. It's advisable to stick to a trading plan and have full confidence when placing a trade. Discipline is key factor to maintain in the space, specifically if a trader would want to remain consistent and counting profits in everyday trade. Never have I trade with emotions or kept in mind to have revenge on the market due to the losses I recorded on my account. Trading for 2 years is enough reason to start gaining massively from the market, however it depends on your trading strategy.

iv4n

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Quote from: KingsDen on April 03, 2023, 08:32:18 AM

...discipline is most important to trade like a robot, discipline matter more than winrate...

Discipline is everything. It means a lot of things actually, we learn and we apply learned, there is no disciple without patience, and maybe most important we don't let anything distract us (emotions, other people, anything). I see it, and disciplined people have higher chances for success I know that, but I will never have it. I tried, but after some time something "distracts" me... and I will just make a "bad" move. It's why short-term trades are not for me, I am more focused on the long run. I simply get into the trade and I forget about it until I see some significant move.

Trading, especially day/short-term trading is not for everyone. I had many losses before I figured out what is good for me.

AmoreJaz

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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.

Do not try to undermine the power in reading books. A good l
reader would also make a good trader.
It does not necessarily mean that you will stop at reading and not try them practically, but when you read first book on
trading and begin to implement them in the practical world you will begin to understand what is actually happening in the market and your understanding of trade would broaden then losses would be minimised.

I know many people are scared of opening links, but I opened the link provided by the topic creator and the information there are invaluable.
Alhough I was not able to finish it, but it it a good thing that can help a good trader to do well in the market.

reading is also good to back up your learnings in trading, particularly your technical know-how on this activity. but nothing beats the actual experience as most of the time, the strategies you learned won't be applicable in the actual scenario. it is more on how well you know the project and knowing what are the next plans of the dev team. in this age, you would get the insights of their plans when you join their social media channels. they may not directly tell you what's going on, but you will get hints on how they respond to their subscribers. better get out if your instincts is saying that they are about to dump and run...

KingsDen

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Goodnight, o_e_l_e_o 🌹

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.

Do not try to undermine the power in reading books. A good l
reader would also make a good trader.
It does not necessarily mean that you will stop at reading and not try them practically, but when you read first book on
trading and begin to implement them in the practical world you will begin to understand what is actually happening in the market and your understanding of trade would broaden then losses would be minimised.

I know many people are scared of opening links, but I opened the link provided by the topic creator and the information there are invaluable.
Alhough I was not able to finish it, but it it a good thing that can help a good trader to do well in the market.

Distinctin

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

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 .

I appreciate your intention to help most particularly for beginner traders. Yes, reading can do a lot in making your trading successful. But always know that reading alone is not good enough, practical application is what a trader needs the most. You can read all the books related to trading but that won’t guarantee trading success, but with enough experience and exposure in the real trading scenario, you will know eventually when to make your trades successful. As long as you are good enough in creating market analysis, and you know when to trade or not to trade, I guess it will lessen the chance of losing your trades and improve your chances of making yourself profitable.

Patrol69

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I don't know how much learning about trading can be gained through books but as far as I know trading platform is a medium of practical learning. Whereas to gain adequate understanding of trading must be done practically.

That means you don't know anything about trading but you trade according to one person's words and you followed exactly the same method that he followed but at the end of the day that person got success but you failed the main reason is that two people follow same words to do Because that person learned about trading in his own way, if you try to follow the same path as that person, you are more likely to fail. Although it is difficult, you have to learn practically about trading on your own. Maybe in the beginning it will be very difficult for you but if you can learn with patience then you can also achieve success.

So I would like to say that it will be more useful to learn practically rather than reading books about trading.

Yamifoud

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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.

I definitely won't expect that they can manage themselves to stay long in trading if they never learn from their mistakes and from their experience. In fact, we know that it is a tool for us to improve and become successful. With that 2 years of experience as OP saying, I believe he encounters many difficult things and sufferings but as a person who has a positive mindset, quitting is barely to happen.

For me OP, it was already an amazing journey and I was certain that with your experience, something to say that you are already a successful trader.

LastKiss

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Quote from: teosanru on April 02, 2023, 02:53:50 PM

~snip~
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 will help us in every matter, like when we study in school we need to discipline to achieve great results, discipline in the work to achieve a result that our co-work never had. In this case, having discipline in trading is one of the many things that traders should have besides knowledge, capital, etc. Without discipline we will easily feel greedy, and can't control our pattern/strategy when we trade. It's advised that we should have discipline from we're still kids so it will easy to bring our discipline to trading.

andriarto

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Good initiative for sure. I liked especially the quotes from various traders about the markets. I feel every trader should paste a few of these quotes on their desk so that they are always reminded to stay calm during situations of high pressure. Traders often end up making decisions hastily whenever they are stuck in such situations the key is to remain calm and avoid revenge trading or over-trading in such scenarios. Also, FOMO & FUD are obviously the two biggest enemies of any trader. Anyways eventually I started to think that it's better to create small scripts or algos using AI softwares to automate your trading to some extent. This sounds difficult but can be tried in some cases and best part is that even a non coder can do this.

right, basically we have to be able to control psychology, do trading when we are calm, so we can focus on the market. but often we feel worried when fomo or fud occurs, which is when we want to get big profits in a short time, even though the market doesn't allow for that, because we are already controlled by emotions that cannot be controlled. it's the same as if we are experiencing a loss while trading, then we often feel like we want to recover the loss immediately, even though our minds are still confused. and things like that are what we should avoid by continuing to practice so that we gain trading experience to control ourselves

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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.

teosanru

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Good initiative for sure. I liked especially the quotes from various traders about the markets. I feel every trader should paste a few of these quotes on their desk so that they are always reminded to stay calm during situations of high pressure. Traders often end up making decisions hastily whenever they are stuck in such situations the key is to remain calm and avoid revenge trading or over-trading in such scenarios. Also, FOMO & FUD are obviously the two biggest enemies of any trader. Anyways eventually I started to think that it's better to create small scripts or algos using AI softwares to automate your trading to some extent. This sounds difficult but can be tried in some cases and best part is that even a non coder can do this.

lixer

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Quote from: crzy on April 01, 2023, 04:57:10 PM

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.

There are books for almost anything that exists in the world, but that doesn't mean that to do that thing, you will need to read a book about it and follow it. But, I will definitely say that you can get a whole bunch of useful knowledge and information from those books that you can use for a positive impact when you do that thing yourself.

Trading is of course more about knowledge and experience, and discipline, no doubt. But to get that knowledge, you will need to learn, and to become experienced, you will have to use that knowledge practically and see the outcomes. One can use demo accounts to test their knowledge before going into real trading just to be safe from unwanted losses.

Natalim

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Trading takes time, and those who have more patience can have a good profit in their trading journey.
Trading makes me more challenged, I lose more but I've learned a lot already, I'm far from perfect but day after day, I'm learning.
Imaging 2 years of trading and having that sweet success after all the suffering and sacrifices, that could be a great moment to experience. To those who are still trading and finding their best strategy, just keep going and don't give up because you are a step closer than anybody else.

1-year trading experience is enough to tell ourselves if we are really suitable for trading or if a place is not for us.
We lose and we earn a profit - this is real life in trading but our experience helps us a lot to learn more and become knowledgeable. The more we understand trading, the more chances we succeed and this is actually happening to OP and with you, and those traders who are never afraid to risk their money and are able to work hard in developing skills.

tvplus006

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

...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.

So most beginners do this, first they lose their money, and then they start learning. For some reason, it is believed that you can trade without having special knowledge for this. For this reason, newcomers come to the crypto market who want to assert themselves by earning a million quickly.

Russlenat

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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.

In fact, reading can take most of our time that’s why most traders did not bother to read a lot of books but spend their time watching trading videos using demo account. I think that is way better than just mere reading. But of course, we also need to read to gain knowledge before entering trading but practical training is way more important because it will enhance our passion in trading and hone our skills and strategies. That way, you will understand that trading is really hard but with sufficient knowledge and skills, you will lessen its risk and may still trade successfully at the end of the day.

crzy

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Trading takes time, and those who have more patience can have a good profit in their trading journey.
Trading makes me more challenged, I lose more but I've learned a lot already, I'm far from perfect but day after day, I'm learning.
Imaging 2 years of trading and having that sweet success after all the suffering and sacrifices, that could be a great moment to experience. To those who are still trading and finding their best strategy, just keep going and don't give up because you are a step closer than anybody else.

virasog

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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.

The OP is not saying that we only read books about trading and do not practically do the trading. Of course, he means that we may read books, learn about trading, and then also practically do the trading, as it is the experience that may make us perfect trader.
Trading is also a mind game where you need to control your emotions and have proper money management. You may not win all the trades but you need to be disciplined in all the trades. Only this way you will be able to survive in this financial market which is made to snatch money from you.

Viscore

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

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 .

Reading will help a lot in trading as you will acquire a lot of knowledge but how about the skills to trade? Certainly, traders need to be exposed and experience what is trading and the realities behind it, so we need to do actual trades so we will know what to do and expect when trading. With enough trading knowledge and experiences, you can always lessen the risk in trading and avoid much losses as well.

TimeTeller

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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.

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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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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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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(....)
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: Johnyz on March 31, 2023, 04:44:20 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: 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: blockman on March 31, 2023, 03:21:26 PM

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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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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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: hugeblack on March 31, 2023, 09:17:06 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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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: Chilwell on March 31, 2023, 10:52:11 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: 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.

Bananington

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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.

death69

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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!

Dunamisx

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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.

Jody.Drummer

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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.

palle11

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Quote from: Oshosondy on March 31, 2023, 04:17:50 AM

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.

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

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.

Chilwell

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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.

maydna

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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.

cafter

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Quote

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.

Lorence.xD

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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.

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.

hugeblack

legendary

Activity: 2702

Merit: 4002

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.

cafter

full member

Activity: 448

Merit: 225

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.

Oshosondy

legendary

Activity: 1652

Merit: 1208

Gamble responsibly

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.