4 Things Traders Must Do To Be Successful - page 3.

BeGoods

legendary

Activity: 1372

Merit: 1008

Quote from: trickyriky on April 12, 2019, 05:08:26 AM

Quote from: furenaire123 on April 11, 2019, 12:33:04 PM

I am new to trading, and I just started a month ago. And even though it was just a month, I already learned a lot (especially about myself Cheesy

)

I thought trading is easy, that you can earn a lot money in instant. So I just deposit on my account and without any knowledge, I do trading (without using indicators, and so much more). And then boom! I lose all my money in just a minute. That when I learn that your emotion is your greatest enemy in trading. Use your brain not your emotions in trading. I've learn that emotion can slave you, and it can lead to wrong decisions.

It is very good that you are a realist. Great that you understand your mistakes: it means that soon, you will stop making them. Finally, you will become a skillful successful trader.

That's the function of trying, you know that you are someone who uses emotions in making choices, and you have gained experience
for that, it is one of the things that every trader must have, using their mistakes as lessons and experiences.

Best Dreams

full member

Activity: 1008

Merit: 101

Quote from: Farma on April 12, 2019, 08:56:51 AM

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.

playboy654

member

Activity: 546

Merit: 32

Quote from: analyst100 on October 26, 2018, 01:19:12 PM

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.

I agree everything, when you are being and later you need to be follow some Strategies and rules that will useful for you to getting easier income without any trouble so I think these strategies will very useful for every investor and trader to get the profit without any problem in their beginning stage

ChrisPop

legendary

Activity: 2310

Merit: 1033

Not your Keys, Not your Bitcoins

There are actually 3 main "things" that a trader must master in order to be successful. One is technical analysis which is that secret sauce that gives you an edge. Second they need to have proper risk management and finally third they need to master their mental game. They need to know how to manage emotions. That includes both bad and good feelings.

Duzter

sr. member

Activity: 1092

Merit: 256

Leading Crypto Sports Betting & Casino Platform

Quote from: Dilladupak on April 12, 2019, 06:46:57 AM

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.

Yes, with trading users should not get afraid about the market fluctuations. As a trader whether the market is bear market or bullish it is a must to make use of the price fluctuation happening with time. With every trade there is a possibility for a loss as well profiting, it is upon the prediction that coincide with the reality.

Cherylstar86

sr. member

Activity: 1484

Merit: 253

Quote from: Btc_1856 on April 12, 2019, 06:38:22 AM

Quote from: trickyriky on April 12, 2019, 05:08:26 AM

Quote from: furenaire123 on April 11, 2019, 12:33:04 PM

I am new to trading, and I just started a month ago. And even though it was just a month, I already learned a lot (especially about myself Cheesy

)

I thought trading is easy, that you can earn a lot of money in an instant. So I just deposit on my account and without any knowledge, I do trading (without using indicators, and so much more). And then boom! I lose all my money in just a minute. That when I learn that your emotion is your greatest enemy in trading. Use your brain not your emotions in trading. I've learned that emotion can save you, and it can lead to wrong decisions.

It is very good that you are a realist. Great that you understand your mistakes: it means that soon, you will stop making them. Finally, you will become a skillful successful trader.

I think in trading there won't be any easy way to make money because we shouldn't consider it as easy. After many failure and experience will help us to make some decent profit with a lot of dedication and patience.

Most trader's has came from failure, maybe because of lack of knowledge and skills that may become mistake. But what make people encourage to trade is to learn from mistakes and comply the wisdom to be more skillful on every deliberation we create on trading. Thus, only ourselves can mangae the possible outcome and in order not to get loses, hold the emotions that attached you to act more aggressive.

BitBustah

hero member

Activity: 1218

Merit: 534

Quote from: Dilladupak on April 12, 2019, 06:46:57 AM

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.

Real traders love falling prices, they can make profit in any market and thrive off volatility. I suspect very few people on this forum are successful day traders or those that are remain quiet about their strategies. I wouldn't expect them to give out their secrets and hard work only to get more competition.

Farma

legendary

Activity: 2492

Merit: 1001

Leading Crypto Sports Betting & Casino Platform

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.

Dilladupak

full member

Activity: 630

Merit: 102

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.

Btc_1856

sr. member

Activity: 1540

Merit: 255

Quote from: trickyriky on April 12, 2019, 05:08:26 AM

Quote from: furenaire123 on April 11, 2019, 12:33:04 PM

I am new to trading, and I just started a month ago. And even though it was just a month, I already learned a lot (especially about myself Cheesy

)

I thought trading is easy, that you can earn a lot of money in an instant. So I just deposit on my account and without any knowledge, I do trading (without using indicators, and so much more). And then boom! I lose all my money in just a minute. That when I learn that your emotion is your greatest enemy in trading. Use your brain not your emotions in trading. I've learned that emotion can save you, and it can lead to wrong decisions.

It is very good that you are a realist. Great that you understand your mistakes: it means that soon, you will stop making them. Finally, you will become a skillful successful trader.

I think in trading there won't be any easy way to make money because we shouldn't consider it as easy. After many failure and experience will help us to make some decent profit with a lot of dedication and patience.

Caladonian

hero member

Activity: 1302

Merit: 540

Quote from: trickyriky on April 12, 2019, 05:08:26 AM

Quote from: furenaire123 on April 11, 2019, 12:33:04 PM

I am new to trading, and I just started a month ago. And even though it was just a month, I already learned a lot (especially about myself Cheesy

)

I thought trading is easy, that you can earn a lot money in instant. So I just deposit on my account and without any knowledge, I do trading (without using indicators, and so much more). And then boom! I lose all my money in just a minute. That when I learn that your emotion is your greatest enemy in trading. Use your brain not your emotions in trading. I've learn that emotion can slave you, and it can lead to wrong decisions.

It is very good that you are a realist. Great that you understand your mistakes: it means that soon, you will stop making them. Finally, you will become a skillful successful trader.

From a bad start, if you will continue realizing those mistkaes and create a good plan to work it out and avoid doing the same, it's a good way to understand and assess your capabilities, if you are open for more changes in your style, you will be able to adjust and make a good outcome after,
try to build your confidence learning to read patterned that will guide you.

Make this as a good basis before placing again another entry, it will helps you to be very patience observing around the exchange.

trickyriky

sr. member

Activity: 882

Merit: 251

Quote from: furenaire123 on April 11, 2019, 12:33:04 PM

I am new to trading, and I just started a month ago. And even though it was just a month, I already learned a lot (especially about myself Cheesy

)

I thought trading is easy, that you can earn a lot money in instant. So I just deposit on my account and without any knowledge, I do trading (without using indicators, and so much more). And then boom! I lose all my money in just a minute. That when I learn that your emotion is your greatest enemy in trading. Use your brain not your emotions in trading. I've learn that emotion can slave you, and it can lead to wrong decisions.

It is very good that you are a realist. Great that you understand your mistakes: it means that soon, you will stop making them. Finally, you will become a skillful successful trader.

StarofBTC

hero member

Activity: 1148

Merit: 528

Quote from: ethereumhunter on April 11, 2019, 07:49:55 AM

Tips from me: Never use All In for your money because it is too risky, you cannot buy another amount if the price is getting down so you will lose the opportunity to get a low price. Always split your order buy into a few parts so you can get the lower price and that will make your average buy price will reduce. That will helps you to get the most profit if the price jumps to the highest price.

What you have said is indeed the best and simplest approach into minimizing risk and a good strategy to make more profit, as we continue to trade, there is need for us to understand that market will not always go same direction and in preparation for this, we have to take advantage of both sides by following your advice, first we have to endeavor to commit funds that will not put us under pressure for anything, and secondly, whatever fund that we have decided to use as trade, we need to split them and not out everything at ones into the trading since we already understand that the market fluctuates a lot.

Bustart

sr. member

Activity: 658

Merit: 250

Quote from: senyorito123 on April 12, 2019, 04:12:28 AM

Quote from: ePesoInitiative on April 12, 2019, 02:58:13 AM

1. Study about markets: cycles and why market prices fluctuate.
2. Study about Technical Analysis. It is not an exact science but it will improve your accuracy.
3. Remove emotion from your trading decisions.
4. "Cut losses quick and let your winners run" - Jesse Livermore

Successful traders often do things that set them apart from the rest of the crowd. A successful trader mindset is always behind these people, and this is something we can build. Below are some of the steps needed to start your journey in becoming a successful trader.
1. Have a passion for the process and remember that failure is all part of all successful ventures.
2. Do Not Expect Immediate Results. Make a resolution to learn. Set goals, do your research, seek guidance, and evaluate your progress.
3. Cultivate good habits and banish bad habits.
4. Start trading. You've learned the basics, it's time to get out from your comfort zone and expose yourself in the world of trading inorder to grow knowledge and develop skills.

These are very informative and helpful tips. Some of the things that I considered would be building a strong foundation of knowledge and knowing your clear goals as trader. Education and understanding are at the heart of every success. Document every success and failure and learn from them- gain wisdom. Develop your patience and learn to control your emotions. By staying connected to your goals you’ll create an inner fire and passion for the process that will make you an effective trader for life.

The key for long lasting success and happiness: a deep passion and connection to what you are doing.

senyorito123

hero member

Activity: 1694

Merit: 505

$CYBERCASH METAVERSE

Quote from: ePesoInitiative on April 12, 2019, 02:58:13 AM

1. Study about markets: cycles and why market prices fluctuate.
2. Study about Technical Analysis. It is not an exact science but it will improve your accuracy.
3. Remove emotion from your trading decisions.
4. "Cut losses quick and let your winners run" - Jesse Livermore

Successful traders often do things that set them apart from the rest of the crowd. A successful trader mindset is always behind these people, and this is something we can build. Below are some of the steps needed to start your journey in becoming a successful trader.
1. Have a passion for the process and remember that failure is all part of all successful ventures.
2. Do Not Expect Immediate Results. Make a resolution to learn. Set goals, do your research, seek guidance, and evaluate your progress.
3. Cultivate good habits and banish bad habits.
4. Start trading. You've learned the basics, it's time to get out from your comfort zone and expose yourself in the world of trading inorder to grow knowledge and develop skills.

RokokGudangGaram

full member

Activity: 966

Merit: 102

if in my opinion 4 things that must be owned by a trader and investor to be successful quickly must have a great sense of patience, not greed, not panic too and must be sure of what we do to be good for the future

ePesoInitiative

sr. member

Activity: 924

Merit: 260

1. Study about markets: cycles and why market prices fluctuate.
2. Study about Technical Analysis. It is not an exact science but it will improve your accuracy.
3. Remove emotion from your trading decisions.
4. "Cut losses quick and let your winners run" - Jesse Livermore

Ailmand

hero member

Activity: 1274

Merit: 519

Coindragon.com 30% Cash Back

I totally agree with all of this, as a trader you must not really sulk down for your losses, what you might have lost today, you can still make it up next time. Keep trying and going, take all your bad experiences and mistakes as an opportunity to gain knowledge and experience.

Thanasis

hero member

Activity: 1820

Merit: 515

★777Coin.com★ Fun BTC Casino

Quote from: Hannahanto on April 11, 2019, 03:19:23 PM

Few useful tips to know and yes good to see traders share their ideas to the newbies. A good initiative and yes a good support to the community members. I have learnt a lot from trading especially the patience. I learnt that if you have invested in a good coin and its value is falling down, do not panic, the moment would certainly come when you will see a good growth to your coin. Patience is the key to eradicate loses and a step towards success.

Patience can save us from serious losses but it is not the only way to save ourselves when we call ourselves as traders we need to know what we have to do when the market is bearish rather than simply holding it.

nydiacaskey01

legendary

Activity: 1834

Merit: 1036

Quote from: analyst100 on October 26, 2018, 01:19:12 PM

3. A simple trading journal that will help you improve each day; and

I use to have a journal where I write my mistakes in trading so it will be a reminder for me on what not to do next time I trade. Another use of my journal is I put a not on why I don't buy this Token or what is the price of the coin when I buy or sell them. Sometimes emotions takes over our decision making but keeping notes will help you decide as well before you hit that buy or sell button.

Topic: 4 Things Traders Must Do To Be Successful - page 3. (Read 19095 times)