4 Things Traders Must Do To Be Successful - page 9.

DaddyMonsi

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

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

Knowing where you fell is important because you will have a reference and you can avoid that from happening again. Same with trading, keep notes of every activity that you have, that way you have something to look back, read and learn and most specially share to the new ones.

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

4. That the best traders are ones that embrace losses and use them to become better.

No one will claim that they are an expert trader. What they can claim is that they have experienced too many loses in their trading life that they can happily share it to anyone who needs an advise but still they will not claim that re good at it, they are just sharing their views and experience.

Fury Road

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I follow these rules:
1.Have a Passion For the Process
2. You Must Accept a Tedium of Work in Your Learning Process
3. Frustration Often Times is a Sign of Progress
4. You and Your Environment Imprint Upon You
5. Do Not Expect Immediate Results
6. Do Not Look For an Easy Way Out

Aivaryamal

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In trading, the main thing is to choose the right digital assets with a friendly community, with real products and periodically fix the profit

secondbtc

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SecondBTC - Trade and Earn

Proper Market Research
Patience
Emotion Control
Follow Crypto News and Updates

According to me above four things are important

Osarman

hero member

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Quote from: SirLancelot on November 07, 2018, 01:21:21 AM

Quote from: Lan75 on November 01, 2018, 03:55:27 AM

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

4. That the best traders are ones that embrace losses and use them to become better.

To be a good trader, i think he should not be afraid to commit mistake and always explore the possibility of finding an opportunity. Each one of us can commit mistake but we should make this mistake a lesson for us to grow.

Mistake is something that is always bound to happen to anyone who is just new to trading, as you will most definitely make some flaws, learn from it, fine tune your strategy, get better at things, and then trade without any emotions over time, as you keep making a lot from your strategy.

To be successful when it comes to trading, you have to come to terms with reality first and then see trading as a profession you need to take your time to learn and practice, as this is the only way you will be able to gain some level of confidence for the real world over time.

True! That idea of coming to terms with reality and understanding that trading is not ABC or some child’s play you can just dabble into for fun or with a nonchalant attitude, will make anyone who wants to trade to realize the importance of trying as much as possible to learn so that they do not end up screwing up before they even start.

Trading can be promising and very profiting if you know how to do it right, and if you are to do right, skipping learning is one first big mistake in approaching it the wrong way.

Biscutard

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Quote from: richmcrich on November 09, 2018, 02:04:09 AM

Quote from: Rana590 on November 01, 2018, 06:30:47 AM

These method can be helpful only when people will realize that they are walking on wrong road. Now, people take trading as simple things. But they have to remember that it is not a easy work. Buy low and sell high, make 3-5% profit also can help to be successful on trading.

This is not easy to realize that you are walking on the wrong road until and unless you loose the money. Only then one can know that his decisions and choice to invest in coins had been wrong.

This is the reason why it is always advised to have enough knowledge before making a decision that absorbed your income. One should invest only in the kind of asset or coin that gives prominent returns and has had a good history. These trading tips can be very helpful if followed.

A man who's fond of knowledge is wiser than the rest that who doesn't posses the definite knowledge in investment and trading. That's why it is recommendable to learn the basics before attacking into the war of traders. Some newbies aren't fond of learning that's why they have to learn it in a hard way.

omonuyak

sr. member

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How I wish we accept the foregoing truth and trimmed our trading activities along that line. What op listed were those things we actually need to do in other to become a successful trader. Most of us did not know that loses is part of trading and when we lose we abandon trading. Remember that without loses there will be no trading therefore, loses allow fund to circulate in the market. Used to loses and you will learn to master trade.

thuthanh

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The crypto market is not easy and if you are not confident about the volatility of this market, you should avoid it. Every investor should be equipped with strategies to make a profit in such uncertain situations. You will be successful.

nicster551

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Quote from: analyst100 on October 26, 2018, 12:19:12 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 have already seen some of these in every trading tutorial and every person in that tutorial is always saying that thing but none of that to be followed by other people.

iTradeBit

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Thank you for information.

wuvdoll

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Quote from: coinfinger on November 08, 2018, 12:20:06 AM

Don’t lose intentionally. You can’t make yourself a good trader by losing intentionally and then thinking what are the measures to be taken. Be realistic and put every possible effort to make thing successful. When you lose in this way, you would get to know the potential of your work and how can you tackle these problems next time.

Normally, there is no one on earth that will want to be deliberately losing as that would be uncalled for actually. The reason a lot of people tend to lose most of the time is because they are doing things they are not supposed to be doing in the first place and the most of it is not to ever trade without the knowledge and skill of how to trade.

It is pretty amazing the way people approach trading in a way like they can just blend in, learn from their mistakes and get better. Mistakes will happen even after learning, but without knowing the basics, building a strategy with those basics, and then keep learning as much as you can, you won't be learning from your mistakes, you will be failing woefully over and over again with your mistakes until you get frustrated.

richmcrich

hero member

Activity: 1120

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Quote from: Rana590 on November 01, 2018, 06:30:47 AM

These method can be helpful only when people will realize that they are walking on wrong road. Now, people take trading as simple things. But they have to remember that it is not a easy work. Buy low and sell high, make 3-5% profit also can help to be successful on trading.

This is not easy to realize that you are walking on the wrong road until and unless you loose the money. Only then one can know that his decisions and choice to invest in coins had been wrong.

This is the reason why it is always advised to have enough knowledge before making a decision that absorbed your income. One should invest only in the kind of asset or coin that gives prominent returns and has had a good history. These trading tips can be very helpful if followed.

SirLancelot

hero member

Activity: 2646

Merit: 582

Leading Crypto Sports Betting & Casino Platform

Quote from: Lan75 on November 01, 2018, 03:55:27 AM

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

4. That the best traders are ones that embrace losses and use them to become better.

To be a good trader, i think he should not be afraid to commit mistake and always explore the possibility of finding an opportunity. Each one of us can commit mistake but we should make this mistake a lesson for us to grow.

Mistake is something that is always bound to happen to anyone who is just new to trading, as you will most definitely make some flaws, learn from it, fine tune your strategy, get better at things, and then trade without any emotions over time, as you keep making a lot from your strategy.

To be successful when it comes to trading, you have to come to terms with reality first and then see trading as a profession you need to take your time to learn and practice, as this is the only way you will be able to gain some level of confidence for the real world over time.

coinfinger

sr. member

Activity: 1638

Merit: 278

Quote from: ShadowBits on October 29, 2018, 06:25:39 AM

Quote from: analyst100 on October 26, 2018, 12:19:12 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.

Simple way of making yourself a good trader is by losing some of your trades and try to understand everything you have lost and try not to do it again in the future.

Well I slightly differ from this. Don’t lose intentionally. You can’t make yourself a good trader by losing intentionally and then thinking what are the measures to be taken. Be realistic and put every possible effort to make thing successful. When you lose in this way, you would get to know the potential of your work and how can you tackle these problems next time.

Reid

hero member

Activity: 3052

Merit: 651

Who embrace losses. Grin

I got my so many hugs by now. Grin

I think it will a good thing if you can really forget all of it once you wake up in the morning but that is not always the case.
The tendency of getting back those losses the next day is higher than making a reset.

The thought of losing a number of dollars from the other day will be a nightmare that will keep on going back. There is no cure to it.

Charlie3

newbie

Activity: 55

Merit: 0

all traders know that if we control greed fear and learn gain knowledge and many things trading will improve but doing all this and implementing takes lot of time some people will leave trading because they dont have patience in doing all these , people who do this things can become successful in trading

jaymmagne

full member

Activity: 602

Merit: 104

I really recommend the number four you are pointing to. That is the real deal when it comes to trade daily in crypto world. All are gambling when it comes to investment, it defends on us on how to gamble our money in such a way we can gain a profit from it or not.

coinhunt

newbie

Activity: 138

Merit: 0

I think the success depends on how well we can control ourselves and our emotions. Skills also matter but they are useless if panic or impatience take over. Additionally, the exchange you're using matters as well. And it's important to stick to reliable crypto websites with a good reputation and quality customer support. Like CEX or Coinbase. I prefer the exchange that supports cards and operates in many countries. CEX is good, you can buy not only major coins there, but also altcoins like BTG: (https://cex.io/btg-eur).

sheenaedago

member

Activity: 262

Merit: 10

Quote from: Aivaryamal on November 06, 2018, 04:16:46 AM

Yes, good trading principles, the main thing is not to fall into the excitement, clearly follow your daily or monthly plan, do not put everything on one asset!

You're correct mate, it made me remember the warren buffet phrase "don't put all eggs in one basket". That's a simple word was so simple yet deep to understand, because it states there that we need not to risk our asset in just only one investment. If we find another good coins in crypto then it can be a staggered tradings, which could really have huge potential profit gains.

Aivaryamal

full member

Activity: 1162

Merit: 101

Yes, good trading principles, the main thing is not to fall into the excitement, clearly follow your daily or monthly plan, do not put everything on one asset!

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