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Topic: 4 Things Traders Must Do To Be Successful - page 2. (Read 19169 times)
Every traders must learn from their mistake. Just a little percent of them who not do it. Like me 
, i know i always panic. But until now i can't get out from that feel every market get down and i loss my assets.
At least you acknowledge your mistake. It is the first step in correcting which is identifying the topic where you are weak and then you need to work on that in order to improve. To prevent panic from happening invest in those coins that you are confident about in terms of future gains. Remember that every altcoin creator out there is after your precious bitcoins and in no matter what circumstance you fall in the amount that you give to their coins should be minimum and cashed out to bitcoin as soon as you get some gains in price., i know i always panic. But until now i can't get out from that feel every market get down and i loss my assets. These are not to be held for long term rather cash and dash is what should be in your mind.
Every traders must learn from their mistake. Just a little percent of them who not do it. Like me , i know i always panic. But until now i can't get out from that feel every market get down and i loss my assets.
At least you acknowledge your mistake. It is the first step in correcting which is identifying the topic where you are weak and then you need to work on that in order to improve. To prevent panic from happening invest in those coins that you are confident about in terms of future gains. Remember that every altcoin creator out there is after your precious bitcoins and in no matter what circumstance you fall in the amount that you give to their coins should be minimum and cashed out to bitcoin as soon as you get some gains in price., i know i always panic. But until now i can't get out from that feel every market get down and i loss my assets. These are not to be held for long term rather cash and dash is what should be in your mind.
THESE 4 TRAITS WILL MAKE TRADERS SUCCESSFUL
If you have a passion for trading, Dr. Brett Steenbarger has some choice words for you: you're not going to make it. Instead, traders need to be passionate about markets. It may sound like a minor distinction, but it's not. In decades of working with billionaire hedge fund managers and traders, he's found that traders that are passionate about trading don't put in the work and trade too much.
To be successful trading, Dr. Steenbarger has learned:
1. A rule of thumb for how traders should control losses so that they never lose more in a morning than they can make in an afternoon, more in a day than they can make in a week and more in a week than they can make in a month;
2. Why traders should not just focus on minimizing their weaknesses, but also maximizing their strengths;
3. A simple trading journal that will help you improve each day; and
4. That the best traders are ones that embrace losses and use them to become better.
Author: Dr. Brett Steenbarger
Source: https://blog.topsteptrader.com/brett-steenbarger-limit-up-futures-trading
www.tallinex.com wants you to make money from the markets.
If you have a passion for trading, Dr. Brett Steenbarger has some choice words for you: you're not going to make it. Instead, traders need to be passionate about markets. It may sound like a minor distinction, but it's not. In decades of working with billionaire hedge fund managers and traders, he's found that traders that are passionate about trading don't put in the work and trade too much.
To be successful trading, Dr. Steenbarger has learned:
1. A rule of thumb for how traders should control losses so that they never lose more in a morning than they can make in an afternoon, more in a day than they can make in a week and more in a week than they can make in a month;
2. Why traders should not just focus on minimizing their weaknesses, but also maximizing their strengths;
3. A simple trading journal that will help you improve each day; and
4. That the best traders are ones that embrace losses and use them to become better.
Author: Dr. Brett Steenbarger
Source: https://blog.topsteptrader.com/brett-steenbarger-limit-up-futures-trading
www.tallinex.com wants you to make money from the markets.
Very well said, these 4 things could really give motivation and giving an idea to traders especially those people who are new to this venture on how to become a successful trader in the near future. But traders should not only focus on this things as there are still many things that they need to consider on dealing with it.
The ability of a trader will be tested when he decides to make important decisions, there are many things that must be considered for a trader. Mathematically, a Trader must always pay attention to the market situation, this is because the condition of the crypto market often makes a surprise so that a Trader is required to make decisions quickly. This cannot be avoided because without the ability to read a good market situation, a trader will never succeed in making the right decisions and benefiting him.
A trader can do a good analysis and can adjust to this past changing momentum due to fluctuations if he have the confidence, if a trader have a good understanding and skills to follow the market trend and observe how he can take advantage of the situations he then can successfully choose directionsto stand on, not everyone can do this as emotions always take place, but for a good and skilled traders, they will proceed without any emotion inside
of them to make sure that there's no struggles to bothered them along.
The ability of a trader will be tested when he decides to make important decisions, there are many things that must be considered for a trader. Mathematically, a Trader must always pay attention to the market situation, this is because the condition of the crypto market often makes a surprise so that a Trader is required to make decisions quickly. This cannot be avoided because without the ability to read a good market situation, a trader will never succeed in making the right decisions and benefiting him.
THESE 4 TRAITS WILL MAKE TRADERS SUCCESSFUL
If you have a passion for trading, Dr. Brett Steenbarger has some choice words for you: you're not going to make it. Instead, traders need to be passionate about markets. It may sound like a minor distinction, but it's not. In decades of working with billionaire hedge fund managers and traders, he's found that traders that are passionate about trading don't put in the work and trade too much.
To be successful trading, Dr. Steenbarger has learned:
1. A rule of thumb for how traders should control losses so that they never lose more in a morning than they can make in an afternoon, more in a day than they can make in a week and more in a week than they can make in a month;
2. Why traders should not just focus on minimizing their weaknesses, but also maximizing their strengths;
3. A simple trading journal that will help you improve each day; and
4. That the best traders are ones that embrace losses and use them to become better.
Author: Dr. Brett Steenbarger
Source: https://blog.topsteptrader.com/brett-steenbarger-limit-up-futures-trading
www.tallinex.com wants you to make money from the markets.
If you have a passion for trading, Dr. Brett Steenbarger has some choice words for you: you're not going to make it. Instead, traders need to be passionate about markets. It may sound like a minor distinction, but it's not. In decades of working with billionaire hedge fund managers and traders, he's found that traders that are passionate about trading don't put in the work and trade too much.
To be successful trading, Dr. Steenbarger has learned:
1. A rule of thumb for how traders should control losses so that they never lose more in a morning than they can make in an afternoon, more in a day than they can make in a week and more in a week than they can make in a month;
2. Why traders should not just focus on minimizing their weaknesses, but also maximizing their strengths;
3. A simple trading journal that will help you improve each day; and
4. That the best traders are ones that embrace losses and use them to become better.
Author: Dr. Brett Steenbarger
Source: https://blog.topsteptrader.com/brett-steenbarger-limit-up-futures-trading
www.tallinex.com wants you to make money from the markets.
Very well said, these 4 things could really give motivation and giving an idea to traders especially those people who are new to this venture on how to become a successful trader in the near future. But traders should not only focus on this things as there are still many things that they need to consider on dealing with it.
4. That the best traders are ones that embrace losses and use them to become better.
That's why I like to see new traders experienced mistakes at their first phase of being a trader because that will make them a better trader in the future. Even how serious a newbie trader in reading and studying the pointers of being a good trader so that they can't be loss, they will not truly absorbed it due to the fact that they don't know how to deal on that in the actual scene.
Anyways if people are really serious in becoming a good trader someday, just continue to do it regularly until they will be used to it. They will realized that no need to undergo a serious studies about pointers of becoming a good trader because they have the ability now to make a self analyzation about what will they do.
Lose and mistake is great combination to recorrect it trader learn it where he/she got lose because of mistake, mistake is the best lesson guide from the people want to learn and got success.
These tips are rather superficial, I believe that it is necessary to spend a lot of time to at least begin to understand the behavior of digital assets, each cryptocurrency is individual and it is impossible to accurately guess the price movement
No matter how good trader you are, no one can guess the prices of altcoins and bitcoins accurately. Since crytpo currency is very volatile, it is very hard to achieve accuracy specially when the price movements are not only dependent upon technical analysis but also depends upon news and fundamental Analysis.
I think most of the traders I have seen who are day trader have successfully rely more on technical analysis, because they don’t even have much time to listen to news, because news takes a lot of research too and timing, if you completely mix both, you might end up not trading anything, technical analysis too is not that easy to study, it also takes time too and by the time you take another time to study fundamental analysis you will realize that time is already getting shifted.
4. That the best traders are ones that embrace losses and use them to become better.
That's why I like to see new traders experienced mistakes at their first phase of being a trader because that will make them a better trader in the future. Even how serious a newbie trader in reading and studying the pointers of being a good trader so that they can't be loss, they will not truly absorbed it due to the fact that they don't know how to deal on that in the actual scene.
Anyways if people are really serious in becoming a good trader someday, just continue to do it regularly until they will be used to it. They will realized that no need to undergo a serious studies about pointers of becoming a good trader because they have the ability now to make a self analyzation about what will they do.
Lose and mistake is great combination to recorrect it trader learn it where he/she got lose because of mistake, mistake is the best lesson guide from the people want to learn and got success.
, i know i always panic. But until now i can't get out from that feel every market get down and i loss my assets. 4. That the best traders are ones that embrace losses and use them to become better.
That's why I like to see new traders experienced mistakes at their first phase of being a trader because that will make them a better trader in the future. Even how serious a newbie trader in reading and studying the pointers of being a good trader so that they can't be loss, they will not truly absorbed it due to the fact that they don't know how to deal on that in the actual scene.
Anyways if people are really serious in becoming a good trader someday, just continue to do it regularly until they will be used to it. They will realized that no need to undergo a serious studies about pointers of becoming a good trader because they have the ability now to make a self analyzation about what will they do.
Lose and mistake is great combination to recorrect it trader learn it where he/she got lose because of mistake, mistake is the best lesson guide from the people want to learn and got success.
Sometimes even those rules that is, I want to break you do it. Once again when you deviate from the strategy basically you lose money.
The person who clearly follows the rules and rules of the system in most cases a successful trader. A good trader should not have emotions he should trade like a robot.
The person who clearly follows the rules and rules of the system in most cases a successful trader. A good trader should not have emotions he should trade like a robot.
1. A rule of thumb for how traders should control losses so that they never lose more in a morning than they can make in an afternoon, more in a day than they can make in a week and more in a week than they can make in a month;
I think this is a major reason why I read it in Jesse Livermore's books, where it emphasizes that losses must stop and profits must be lengthened, most operators do the opposite, losses lengthen them and losses cut them, This is very bad, but it is what most of them tend to teach, they hope to raise a loss and not to cut it off so that the loss does not continue to generate more havoc.
I think that in some way everything must be focused in the right way, it is a hard paradigm to break.
These tips are rather superficial, I believe that it is necessary to spend a lot of time to at least begin to understand the behavior of digital assets, each cryptocurrency is individual and it is impossible to accurately guess the price movement
No matter how good trader you are, no one can guess the prices of altcoins and bitcoins accurately. Since crytpo currency is very volatile, it is very hard to achieve accuracy specially when the price movements are not only dependent upon technical analysis but also depends upon news and fundamental Analysis.
THESE 4 TRAITS WILL MAKE TRADERS SUCCESSFUL
If you have a passion for trading, Dr. Brett Steenbarger has some choice words for you: you're not going to make it. Instead, traders need to be passionate about markets. It may sound like a minor distinction, but it's not. In decades of working with billionaire hedge fund managers and traders, he's found that traders that are passionate about trading don't put in the work and trade too much.
To be successful trading, Dr. Steenbarger has learned:
1. A rule of thumb for how traders should control losses so that they never lose more in a morning than they can make in an afternoon, more in a day than they can make in a week and more in a week than they can make in a month;
2. Why traders should not just focus on minimizing their weaknesses, but also maximizing their strengths;
3. A simple trading journal that will help you improve each day; and
4. That the best traders are ones that embrace losses and use them to become better.
Author: Dr. Brett Steenbarger
Source: https://blog.topsteptrader.com/brett-steenbarger-limit-up-futures-trading
www.tallinex.com wants you to make money from the markets.
If you have a passion for trading, Dr. Brett Steenbarger has some choice words for you: you're not going to make it. Instead, traders need to be passionate about markets. It may sound like a minor distinction, but it's not. In decades of working with billionaire hedge fund managers and traders, he's found that traders that are passionate about trading don't put in the work and trade too much.
To be successful trading, Dr. Steenbarger has learned:
1. A rule of thumb for how traders should control losses so that they never lose more in a morning than they can make in an afternoon, more in a day than they can make in a week and more in a week than they can make in a month;
2. Why traders should not just focus on minimizing their weaknesses, but also maximizing their strengths;
3. A simple trading journal that will help you improve each day; and
4. That the best traders are ones that embrace losses and use them to become better.
Author: Dr. Brett Steenbarger
Source: https://blog.topsteptrader.com/brett-steenbarger-limit-up-futures-trading
www.tallinex.com wants you to make money from the markets.
Very well said, these 4 things could really give motivation and giving an idea to traders especially those people who are new to this venture on how to become a successful trader in the near future. But traders should not only focus on this things as there are still many things that they need to consider on dealing with it.
I think as a trader, I don't think you are afraid to see market prices fall, for me you can still be patient and keep up the spirit of waiting for a better price increase in the next few moments. So you will also still make a profit.
It all depends on the pattern of trade they chose to get engaged in, if its ordinary without the involvement of margin trade or leverage, they would have any issue with market price falling, it will be like normal investors holding their coin in anticipation for a full blown profit.The only people that find it very easy and happy to see a price fall are strictly investors, especially the ones that are yet to invest or ones that are not done investing, but above all, like you said, we still need to keep the spirit high has both traders and investors for a very bright future that cryptocurrency is capable of bringing.
These tips are rather superficial, I believe that it is necessary to spend a lot of time to at least begin to understand the behavior of digital assets, each cryptocurrency is individual and it is impossible to accurately guess the price movement
No matter how good trader you are, no one can guess the prices of altcoins and bitcoins accurately. Since crytpo currency is very volatile, it is very hard to achieve accuracy specially when the price movements are not only dependent upon technical analysis but also depends upon news and fundamental Analysis.
These tips are rather superficial, I believe that it is necessary to spend a lot of time to at least begin to understand the behavior of digital assets, each cryptocurrency is individual and it is impossible to accurately guess the price movement
well, tips and good motivation. maybe we also need to add to hold emotions, and be patient in trading. we know that there will be volatility in this case, and make us feel loss when the price drops. therefore patience is really needed.
This is what all traders should know that if they will not work with greed and control it, if they will gain knowledge as much as they can, it is very important to have trading knowledge so it takes time to learn everyone will have to keep patience as trading is really profit worthy investment better don’t lose the chance and trade well.I think as a trader, I don't think you are afraid to see market prices fall,
we cant deny the fact that most of us are still afraid when the market falls its because money is at risk here . we value our money because money is not easy to earn nowadays but to some traders are already used to it. there are aware that the ups and downs were only normal and part of the game . once the market drops , they can still recover thier capital as long as their wait and hodl .
Another couple of things (which might be quite enough for success)
Do not trade on your own money
Do not trade on your own money
huh ? but how can you trade if you dont have a money ? you mean using someones money ( e.g money of your mother , or of your friend ? ) thats a no good idea meyt .
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