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Topic: 4 Things Traders Must Do To Be Successful - page 4. (Read 19169 times)

hero member
Activity: 3052
Merit: 606
I think the most important quality that everyone should definitely have is should be stay with your confident that you have to done your job till the end this is the thing that you want to make it success when you execute this type of things in your trading experience you will be definitely get the good profit with a next way of confident.
Correct.That will drive the positivity being a trader if you will stay confident, you have to be realistic at the same time because confident alone is useless if you do not have the skills or talent to be able to make you a good trader.Trading skills can be achieve overtime, it's not an overnight success that other people think, you will go through a lot of trials until you become successful being a trader.
member
Activity: 1204
Merit: 38
I think the most important quality that everyone should definitely have is should be stay with your confident that you have to done your job till the end this is the thing that you want to make it success when you execute this type of things in your trading experience you will be definitely get the good profit with a next way of confident.
member
Activity: 785
Merit: 34
SOL.BIOKRIPT.COM
Do we still have successful traders as we speak definitely we might, in my speech is due to some have just went out of the market if am not mistaking. Because as at when market was really bad lots of traders dropped. By the way and now it's picking up and we might see some coming back to trade I guess that doesn't make one a successful trader and at the process he or she might have forgotten some techniques to tackle the market
full member
Activity: 826
Merit: 111
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.
newbie
Activity: 12
Merit: 0
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.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
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.
jr. member
Activity: 280
Merit: 1
Security and Privacy Features on the Blockchain
I think the most important if to be succesfull to become a trader you must control your emotion because all the knowledge that you have been mastered  won't help you when your emotions can't be controlled.
Exactly emotions is one of the main things that need to be control if we want to be a successful trader. With that we also need to have enough patience. Then we will become a expert trader in crypto market.
sr. member
Activity: 840
Merit: 268
1 thing trader should know most and not included on your list. And it is Do Your Own Research(DYOR). It is the most effective one I'm telling you. Let's say you know how to do Technical Analysis, it doesn't apply that you can win all trades. What if you TA a coin and you can see some sign that it will breakout, then there is a news saying that it does fraudulent activities. Then that's your lost.
hero member
Activity: 2506
Merit: 645
Eloncoin.org - Mars, here we come!
Never take a loan to trade crypto. Golden rule Smiley
It will always something go wrong.

Agreed, it is really golden advice never take a loan to others. I tell to my friends if you take loan, you will be lose you respect in the eyes of the people.
But about the thread, he is really telling us good suggestions, Actually in trading we learn in every step of trade.
member
Activity: 239
Merit: 15
Quote
3.A simple trading journal that will help you improve each day

This will be a big help for a trader. But to tell you honestly, for someone like me who are not fond of writing a journal, bookmarking websites really works great for me. Nowadays, we are more engaged in technology and we always hold or smartphones whenever we go.
Also, another tip is to Trade only what you can afford to lose. With this, we can minimize any emotions with our losses.
sr. member
Activity: 868
Merit: 259
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January 30, 2019, 06:57:17 PM
Never take a loan to trade crypto. Golden rule Smiley
It will always something go wrong.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
January 28, 2019, 02:21:12 AM
You may have a point of reason as stated in the above.
I would suggest you to take everything with a grain of salt. Just knowing a few facts and methods wont make you an accomplished trader. What you need is study of 4-5 year long charts and analysis of the same for a few months along with the technical analaysis if you are willing to do day trading and futures trading.

Quote
So we have a saying that " We learn from our mistakes that are accomplished "
The toughest part is the acceptance of the mistake and then recitfying it so it does not happen again. Most of the people fail in doing so and repeat same mistakes. Like for example they tell themselves to buy at the low but then get overhyped when something is going up and then again buy being FOMO.

Quote
With these bad experienced we had before, we used it as a best tool for us to make ourselves be improve more in the future. Then in every mistakes, We stand strong and became more determine to achieve our main goal target.
Those who will actually realize their mistakes in time will be able to keep control over their losses. Wink
sr. member
Activity: 2422
Merit: 357
January 26, 2019, 06:12:43 AM
All is true and correct. A trader should strengthen his brain including being smart, focus and mentally ready for any circumstances that are comming. The following like emotional strength comes second. Trader should use 100% of the brain. The heart is just optional so he can decide well and not depend on just guts.
sr. member
Activity: 812
Merit: 251
January 26, 2019, 05:46:39 AM
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.




You may have a point of reason as stated in the above. So we have a saying that " We learn from our mistakes that are accomplished "
With these bad experienced we had before, we used it as a best tool for us to make ourselves be improve more in the future. Then in every mistakes, We stand strong and became more determine to achieve our main goal target.
sr. member
Activity: 910
Merit: 251
January 25, 2019, 09:18:20 AM
I thinks this is the four things must do to be successfull-
1. The trader have to active 75% in a day
2. Always read the website of the altcoin you want to buy.
3. Everday visit their social media page.
4. And also knowing the market condition is more important.

There are many ways for us to become a successful traders pal. Here try to do some research about this  https://www.investopedia.com/university/tradingsystems/ also find out the Things to avoid Trading Mistakes?
https://www.cryptocointrade.com/education/avoid-cryptocurrency-trading-mistakes/
good luck and have a good day Smiley
sr. member
Activity: 2520
Merit: 280
Hire Bitcointalk Camp. Manager @ r7promotions.com
January 25, 2019, 08:52:37 AM
Information is good because they can apply for sure while in their trading. In trading you do not need to learn more the important with is you know what you are doing by simple buying and selling is good start. And you can add your little knowledge about by doing sesrching and you can grow for sure. Keep reading and learning is still to do while in trading. Like me I still learning to become more succesful in trading.
Losing in trading is a sign that we should improve something. If we have a lot of information, I am sure that we can easily handle the risks that we are taking. Gaining experience is important for us to know the strategies that we should do in every situations.
Mistakes are the best teacher we never know what we are doing until we make mistakes and face the consequences so if someone learned after many failure never going to suffer again doing that same thing once they got succeed and crypto trading also may fi in this.Gain experience while learning new things related to trading to be more successful.
member
Activity: 644
Merit: 10
January 25, 2019, 08:46:02 AM
I also want a few important things
1- strong mental health and stress management
2-Self education
3-Open-minded
4-You also have to use new technology especially when you are trading at the crypto. Even big economist cannot understand BTC because they can not understand blockchain technology and they avoid to trade BTC because they think that BTC is fundamentally weak.

Exactly, a trader needs to be efficient in order to analyse the charts and start predicting them in a positive direction. Money management is also one of the factors to control our assets by managing them to invest in the right coin for making profits.
full member
Activity: 540
Merit: 100
January 25, 2019, 04:46:27 AM
Information is good because they can apply for sure while in their trading. In trading you do not need to learn more the important with is you know what you are doing by simple buying and selling is good start. And you can add your little knowledge about by doing sesrching and you can grow for sure. Keep reading and learning is still to do while in trading. Like me I still learning to become more succesful in trading.
Losing in trading is a sign that we should improve something. If we have a lot of information, I am sure that we can easily handle the risks that we are taking. Gaining experience is important for us to know the strategies that we should do in every situations.
sr. member
Activity: 1512
Merit: 316
January 25, 2019, 01:34:15 AM
I also want to a few important things
1- strong mental health and stress management
2-Self education
3-Open-minded
4-You also have to use new technology especially when you are trading at the crypto. Even big economist cannot understand BTC because they can not understand blockchain technology and they avoid to trade BTC because they think that BTC is fundamentally weak.

Couple of points - Firstly if you have extra wealth they can take risk in this trading else only trade with limited capital as you should not be depended on this money just in case you lose in trading . Secondly do not get too greedy when you make money . Keep taking out profits .

Also trade in such a way that it does not effect mentally and physically on your health and of your family .
hero member
Activity: 1932
Merit: 506
Betking.io - Best Bitcoin Casino
January 25, 2019, 01:03:31 AM
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 really liked this Grin
Traders are the ones who use most of their brains i think and also it is not thay easy task. Traders will always have an important place in this entire universe. I do firmly respect each trader.
I would surely like to go through the article you mentioned.
Traders should always consider a number of rules before they go into it to make good profits. Also the profits should be treated much cautiously as excess anxiety can make you loose your funds.
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