Topic: 4 Things Traders Must Do To Be Successful - page 7. (Read 19164 times)
Each traders should learn how to trade without emotions. Learn to know when to sell off and when to buy. Don't fall in love to much with a particular token. Trade also using TA and SA
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.
Those are quite some helpful tips for traders. Anyone who wants to be a successful trader must learn to keep their emotions separate from their trading, if not you’re definitely going to get everything ruined. Another practice you should take is making sure that you put stop loss for every trade so that you don’t leave everything you have put into a trade. Lastly, always have a trading plan and adhere to those plans. 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.
These are great rules. Very important in my opinion, but many investors neglect it. For example, I never keep a log of transactions in trade, and this is wrong.
You should also keep track of all your trades along with the price at which you are buying or selling and then compile them on excel sheets. Add in the market cap and the fiat equivalent of your assets to that and you should be able to get a proper idea of how much profit or loss you are having with time. However its not going to be a good idea to let your emotions make you feel bad when you are looking at it from the bear market perspective so you have deal with that.of course, because of the great panic and emotion that will not be able to make our work run smoothly, especially to do the trade, do not ever use emotions and never also feel panic when the market decreases
Well the ones who do get so emotional are the ones who are having a bad fundamental background of crypto. Majority of wannabe people get into it as a get-rich-quick scheme and this ends up in losses because they shit their pants.
if we want to succeed in trading we must be able to control our emotions first and then make a trading plan, being good at finding opportunities and being patient is the key. emotions and panic will only plunge us into losses, so don't ever do it if you want to succeed.
No doubt, all of these things are very important. A real trader should control his emotions and forget the word "panic". Meanwhile, you will never have any success if you do not learn about the crypto every day.
Markets are not good place for gambling with emotional based decisions. I hate to trade without proper money management which is main base of self-control. There are different published opinions of traders and marketing illusions. You cant teach old dog new tricks
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.
Trading is about how good our trading skills and our knowledge about trading of cryptocurrencies. It is true that the trading of cryptocurrencies is very risky investment, but you can double your investment through the use of your strategies and knowledge. 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 we want to succeed in trading we must be able to control our emotions first and then make a trading plan, being good at finding opportunities and being patient is the key. emotions and panic will only plunge us into losses, so don't ever do it if you want to succeed.
No doubt, all of these things are very important. A real trader should control his emotions and forget the word "panic". Meanwhile, you will never have any success if you do not learn about the crypto every day.
good tips, I will accept every defeat I experience and make it a lesson to be better.
because I lost a lot in the past few months and haven't thought about re-entering, but still standby if a good opportunity will arise.
Experience is a good teacher, we learn a lot from previous days and bring it as a guide to be successful in the future. Even though we aren't perfectly mold with that but its a big help for us individually to create a perfect future. We just believe our self and make way to have a wise decision. because I lost a lot in the past few months and haven't thought about re-entering, but still standby if a good opportunity will arise.
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.
and always having faith that is the only key to succeed because having faith is good for us we always positive,calm. just believe and trust to our self to reach that goalIf 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.
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.
Mostly I like your post but I think you need to complete your post with your experience, are you already do that and how the result?. Many information about trading and investing already exist and many people try with different result. Not to complaint but start with how to find the best product ( coin, currency ) and recovery asset also important.
These are great rules. Very important in my opinion, but many investors neglect it. For example, I never keep a log of transactions in trade, and this is wrong.
Thank you for information.
That is no doubt a good observation about what a trader do to make value should. More important among them is the loss management because it helps sustain the already existing assets.Im agree with you, some people are sometimes greedy in taking profits and opportunities so that, when their funds have gone too deep, inevitably there are only 2 choices, sell or HOLD to recover even though they don't know when that will happen. in trading there is always profit and loss. so, certainly not everyone experiences a condition that is the same at one time.
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.
That is not bad advice especially your third point, people need a trading journal, if you do not keep very detailed records about what you are doing in the markets how are you going to improve? Most people do not keep a trading journal and they never improve and they keep losing money to the markets until they have nothing left, I am not an expert trader by any means but I have a trading journal and I can see my improvement with each trade. 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 we want to succeed in trading we must be able to control our emotions first and then make a trading plan, being good at finding opportunities and being patient is the key. emotions and panic will only plunge us into losses, so don't ever do it if you want to succeed.
No doubt, all of these things are very important. A real trader should control his emotions and forget the word "panic". Meanwhile, you will never have any success if you do not learn about the crypto every day.
good tips, I will accept every defeat I experience and make it a lesson to be better.
because I lost a lot in the past few months and haven't thought about re-entering, but still standby if a good opportunity will arise.
Experience is a good teacher, we learn a lot from previous days and bring it as a guide to be successful in the future. Even though we aren't perfectly mold with that but its a big help for us individually to create a perfect future. We just believe our self and make way to have a wise decision. because I lost a lot in the past few months and haven't thought about re-entering, but still standby if a good opportunity will arise.
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.
and always having faith that is the only key to succeed because having faith is good for us we always positive,calm. just believe and trust to our self to reach that goalIf 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.
good tips, I will accept every defeat I experience and make it a lesson to be better.
because I lost a lot in the past few months and haven't thought about re-entering, but still standby if a good opportunity will arise.
The thing is not about falling, as that is something that would happen once in a while, but how you are able to pick yourself up anytime you fall is something you have to be more concerned about in most cases. because I lost a lot in the past few months and haven't thought about re-entering, but still standby if a good opportunity will arise.
Trust me, there is no one on the surface of this earth that has not at some point in their life ended up passing through some failures, but your ability to learn from those mistakes that led to it in the first place, is what makes you a better person in the long run. Opportunities will always come, but you will not be able to tap from those opportunities if you do not make learning a priority.
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.
and always having faith that is the only key to succeed because having faith is good for us we always positive,calm. just believe and trust to our self to reach that goal 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 we want to succeed in trading we must be able to control our emotions first and then make a trading plan, being good at finding opportunities and being patient is the key. emotions and panic will only plunge us into losses, so don't ever do it if you want to succeed.
Emotions and braking apart will end up with losses the fact is what is happening currently in the market in the dropped prices of bitcoin and other altcoins. We are down in every market in the world and crypto is no exception. Whether this was manipulated or not no body knows since its unregulated but its surely the time to buy because Black Friday is over and now we are going to see an uptrend in the next few weeks followed by more dumping by the time of new year.Your hint is great and i find it helpful in my future trades. Hope i can follow some of the steps properly and be successful in trading life.
Maybe you should work on your crypto knowledge so you can actually put in some good content and not shitpost to get paid.
Number 5
A trader is not just a person who trade something and trade is not a part-time or full-time job. Trade is a way of life that also need hard work and very very strong mental capability. Especially patience.
A trader is not just a person who trade something and trade is not a part-time or full-time job. Trade is a way of life that also need hard work and very very strong mental capability. Especially patience.
Number 4 is also very important. because that will affect your emotions and if you have lost control then you will make a stupid choice without looking at the analysis first. you will easily panic and sell even if it's a loss. if you have lost then let it happen. don't think about it anymore. because it will affect your mentality and influence your choices in trading
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