Topic: 7 Things have to do to become a Good Crypto Trader (Read 1257 times)

3 ) Never Go for Revenge Trading : I have seen many times that when Even a Small loss happens, many of us will just go with double Amount in next trade just because we can't accept loss & wanted to recover that with injecting double Amount ! It's really Silly Boys !! How you can be sure that your that trade will go on perfect way 100%

Nice comparision though.

Yes we cannot rich with small capital in trading soon but its highly possible if we are day trading with more profitable trades than losses but its like how much luck we need to win a lottery to become rich with very low capital.

Also newbies do not understand that trading is a skill that a person who's trading develops over many years of trading - and not all of those years are easy. I see people coming to as one said before me and ask how to get rich by starting trading with 30 EUR and how soon. That's like you'd be watching a brain surgeon and want to become one by a few tips from him and watching a few Youtube videos.

Your second point – accepting losses is very important. In fact that is the very first thing that people should learn to do here. I’m starting to notice that a lot of newbies don’t know about the risk.

I can remember a young guy chatting me on WhatsApp, he got my number from someone and was asking me about trading cryptocurrency. He was so in a hurry to make money and get rich from trading and kept asking me how much he would make and when he will get rich. Lol, he was really annoying, and I was trying to let him know that even by just investing in cryptocurrency as HODL, you will be taking risk, and he still seem like he’s not understanding.

And those traders who are consistent in following these things will absolutely be becoming successful but of course, it all comes into the hard work and controlling our emotions as all of these will be affected once we lose it(emotions).
How could this work perfectly? It should be put into our mindset and keeping it always. 

Very good topic, 7 points you mentioned are indeed mandatory if you want to become a good crypto trader. Especially point number 5,
i.e. apply stop-loss, this is what traders should use. Without stop-loss our capital will run out, after I use stop-loss when trading, proved
my capital was safer. And the most important thing with stop-loss, we can get up after experiencing losses. I confess to being a good
crypto trader cannot be instant, we have to go through several processes. Therefore never stop to learn trading.

I only have on these 7 advises to comment for because it is important to be imposed and tackled .


i don't think that there are still stupid trader that Putting all their money in single currency?because diversifying or at least saving other amount to make trade in the next days.


Nope that is a gamblers attitude.

I have some friends that doing that but majority never chase losses because this is more than risky to do.


Lol stop loss is not applicable at any time,because there comes a instances that we cannot apply this when we are doing other strategy like artbitrage .


this is like chasing losses,we must not do such a thing if we want to be successful in trading.

The first thing you need to be a good trader is patience, if you don't have enough patience then you will never be a good crypto trader. You have to be patient as well as far-sighted, you have to try to be aware of every event in the world. While trading you need to have good idea about trading indicators, most of the time I use two indicators in trading "Moving Average Convergence Divergence" & "Relative Strength Index", there are many more trading indicators. A good trader should have enough idea about these indicators.

~Snipped~
5 ) Apply Stoploss & Trail it whenever coin goes up ! I will advise you that whenever any of our call / your trade goes 4-6% Up bring your stop at Entry & Secure some Profit then keep raising Your Stoploss with Raise In Price of that Coin !✅

Exactly the real thing to become good in crypto trading. All these indicators work really good to help in getting profit but how to manipulate them to best produce good profit. Some best gives you nice position if they are combined together. I therefore prefer strategy first before emotion. A working strategy can give you good emotion.

Hello Everyone !!

So, Here are the Few Tips or Say Rules that Which i would like to share with you !

I know many of you might be knowing it already for sure , but I don't know how much of you guys are following it !!😄

1 ) Never Go With Full Amount in Single trade ! We can never be full Sure, Whatever the TA/FA is, it doesn't matter !!! Never invest More than 10-15% of your total Portfolio in Single trade ‼️

2 ) Accept Losses ! Yeah it's a part of Game Man ! Many of us don't accept small losses & then it becomes so fucking Huge that they can't even think sensibly further & then just Starts Gambling !!✅

3 ) Never Go for Revenge Trading : I have seen many times that when Even a Small loss happens, many of us will just go with double Amount in next trade just because we can't accept loss & wanted to recover that with injecting double Amount ! It's really Silly Boys !! How you can be sure that your that trade will go on perfect way 100%

4 ) Don't Try to get Rich Quick !! You will get REKT FOR SURE !! U can takeit in written from me !!  So Just STOP GAMBLING, If your really Want to just Try your luck, better go For the Casino !! 🎲

5 ) Apply Stoploss & Trail it whenever coin goes up ! I will advise you that whenever any of our call / your trade goes 4-6% Up bring your stop at Entry & Secure some Profit then keep raising Your Stoploss with Raise In Price of that Coin !✅

6 ) STOP DIGGING IF YOU FOUND YOUR SELF IN A HOLE ! It means Don't just keep adding your funds On losing Position Just with a hope that It Will Turn Around & you will become a Fucking Rich !🚫

7 ) Go with Flow !! Don't Trade against trend !! You Can't Just Go LONG because it DUMPED & can't go For SHORT Just because it PUMPED !!📈📉

So Guys, This is all i wanted to tell you !! This aren't just lines, but this is what I have Experienced Myself In Years of trading !! I Hope At least few of you Will Follow this !! So At least my Time for Writing this All will Not Go in Vain !!😅

Wish You All The Very Best !!

Common Mistakes to Avoid while Trading: https://bitcointalksearch.org/topic/common-mistakes-to-avoid-while-trading-5246443