A good advice for every traders. - page 11.

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Quote from: Subbir on December 26, 2019, 06:48:28 AM

Quote from: yarlungzangbo on December 10, 2019, 12:47:52 AM

Usually, we are trading with market, and we have our own trading logic. But , after you are trading for a long time , you will find you are trading with yourself and the biggest enemy is you.

You may have a good trading logic , and you always earning money from the market , but you are still afraid of lossing, am i right?

Every trader should believe in his own trading logic just like a belief, you can't move it. Lossing are not terrible and you should like it.

So i have some advices:

1. make sure you are believe in your trading logic
2. record the reason when you open trade
3. take profit and stop loss strictly
4. back to the records when you close trade, and think why you are earning or lossing
5. according to the records , if you find something wrong with your trading logic, fix it
6. add your trade into a trade journal (advice from @GreatArkansas)
7. do the things 1-6 above again

Does any trader record the reason of opening trade? And how do you guys practice it? Let's talk about it.

Trade won't come so easily many studies will need to be done but success will come here but so as to be a successful trader, you want to follow the instructions in order that the danger of loss is far lower Stop loss is certainly one among the foremost important things here.

I also suggest every trader that its not good to trade without knowledge as to when you are trading its important for you know what you are exactly doing and be ready to face the problem that could come in your way while trading. Mostly new traders get worries about market changes and they sell early for panic which is not a good thing at all.

mbakruroh

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Your post is right, as trader we should do that and never use bot/ trading signal for better result. I make journal to write everything I do ( strategy & money management ) as basic decision to execute my strategy. If something wrong happen I just look the journal to find the mistakes, change it and test again. This repeat activity will become good habit, train us to disciplines and respect our skill better than yesterday.

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Quote from: yarlungzangbo on December 10, 2019, 12:47:52 AM

Usually, we are trading with market, and we have our own trading logic. But , after you are trading for a long time , you will find you are trading with yourself and the biggest enemy is you.

You may have a good trading logic , and you always earning money from the market , but you are still afraid of lossing, am i right?

Every trader should believe in his own trading logic just like a belief, you can't move it. Lossing are not terrible and you should like it.

So i have some advices:

1. make sure you are believe in your trading logic
2. record the reason when you open trade
3. take profit and stop loss strictly
4. back to the records when you close trade, and think why you are earning or lossing
5. according to the records , if you find something wrong with your trading logic, fix it
6. add your trade into a trade journal (advice from @GreatArkansas)
7. do the things 1-6 above again

Does any trader record the reason of opening trade? And how do you guys practice it? Let's talk about it.

Trade won't come so easily many studies will need to be done but success will come here but so as to be a successful trader, you want to follow the instructions in order that the danger of loss is far lower Stop loss is certainly one among the foremost important things here.

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Quote from: Mumbeeptind1963 on December 26, 2019, 04:45:59 AM

Quote from: yulionoo on December 25, 2019, 10:13:01 AM

believe in yourself and believe that everything you have done is a very appropriate decision. that is what must be embedded in sellers so that they are not always in fear. There is a saying, don't be afraid of failure, because failure is a step towards success. I strongly agree with the advice you say to record the reasons when opening a trade, maybe this will be a very valuable lesson for me, and can motivate me to be more careful in trading so that I can get the results as expected at the beginning of opening a trade.

Try and try until you suceed, there is no room for fear, you need to try all those things that might be helpful in your trading, loses in trading is normal, but a very huge one is bad. We need a lot of patience so that we could wait till our sell order hits, long term holding is very crucial and we can be emotional when waiting for our coin to pump.

try and try until you succeed? Trading cryptocurrency makes a difference on that quote, you cannot just try and try after try... it will be more right if it's try and try if you afford to lose because the market will test you until you lose your patience and money since volatility is at the very high rate especially top 10 coins in the market. A good advice for now is just to hold until the next halving, that might be a good strategy for the moment.

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Quote from: Mumbeeptind1963 on December 26, 2019, 04:45:59 AM

Quote from: yulionoo on December 25, 2019, 10:13:01 AM

believe in yourself and believe that everything you have done is a very appropriate decision. that is what must be embedded in sellers so that they are not always in fear. There is a saying, don't be afraid of failure, because failure is a step towards success. I strongly agree with the advice you say to record the reasons when opening a trade, maybe this will be a very valuable lesson for me, and can motivate me to be more careful in trading so that I can get the results as expected at the beginning of opening a trade.

Try and try until you suceed, there is no room for fear, you need to try all those things that might be helpful in your trading, loses in trading is normal, but a very huge one is bad. We need a lot of patience so that we could wait till our sell order hits, long term holding is very crucial and we can be emotional when waiting for our coin to pump.

Its not free site way to earn money with bitcoin and altcoin investing because if always try we lost much money and how to start investing again without have money, maybe learning first with technical when have to buy and sell bitcoin, without have knowledge we can get profit and success with bitcoin and altcoin investing, we have know about internal and external of bitcoin situation.

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I want to say if you are a trader then you have to be enough patince and hold your asset for long time

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Quote from: yulionoo on December 25, 2019, 10:13:01 AM

believe in yourself and believe that everything you have done is a very appropriate decision. that is what must be embedded in sellers so that they are not always in fear. There is a saying, don't be afraid of failure, because failure is a step towards success. I strongly agree with the advice you say to record the reasons when opening a trade, maybe this will be a very valuable lesson for me, and can motivate me to be more careful in trading so that I can get the results as expected at the beginning of opening a trade.

Try and try until you suceed, there is no room for fear, you need to try all those things that might be helpful in your trading, loses in trading is normal, but a very huge one is bad. We need a lot of patience so that we could wait till our sell order hits, long term holding is very crucial and we can be emotional when waiting for our coin to pump.

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Quote from: yarlungzangbo on December 10, 2019, 12:47:52 AM

Usually, we are trading with market, and we have our own trading logic. But , after you are trading for a long time , you will find you are trading with yourself and the biggest enemy is you.

You may have a good trading logic , and you always earning money from the market , but you are still afraid of lossing, am i right?

Every trader should believe in his own trading logic just like a belief, you can't move it. Lossing are not terrible and you should like it.

So i have some advices:

1. make sure you are believe in your trading logic
2. record the reason when you open trade
3. take profit and stop loss strictly
4. back to the records when you close trade, and think why you are earning or lossing
5. according to the records , if you find something wrong with your trading logic, fix it
6. add your trade into a trade journal (advice from @GreatArkansas)
7. do the things 1-6 above again

Does any trader record the reason of opening trade? And how do you guys practice it? Let's talk about it.

believe in yourself and believe that everything you have done is a very appropriate decision. that is what must be embedded in sellers so that they are not always in fear. There is a saying, don't be afraid of failure, because failure is a step towards success. I strongly agree with the advice you say to record the reasons when opening a trade, maybe this will be a very valuable lesson for me, and can motivate me to be more careful in trading so that I can get the results as expected at the beginning of opening a trade.

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Quote from: Yamifoud on December 25, 2019, 07:22:38 AM

Quote from: EdvinZ on December 25, 2019, 07:07:32 AM

Quote from: Subbir on December 22, 2019, 11:47:05 AM

Quote from: Meowth05 on December 22, 2019, 09:49:18 AM

I do also think that it is not the right time to day trade due to some reason that most of the coins are dump and not making any big movement. The perfect time for daily trade in my opinion is if market is in balance state where not downtrend or uptrend. Anyway, I think after the halving we might see a bit difference so just grip for a moment until the right time comes.

Day trade is admittedly profitable as a result of we will create heaps of profit during a short amount of your time thus we regularly like day trade. However, in some cases the quantity of vaccines becomes too high and lots of suffer from depression. However, it's true that folks like day trade over long trade.

Maybe day trading is profitable for you, but for me personally, this process is unprofitable. I tried day trading, but did not succeed in this. Maybe I just was uneducated for this. All of these indicators, patterns, technical analysis. It's all so difficult really. Investing for the long term is much easier, it is a way for the lazy, but it also does not guarantee a profit.

Trading isn't for everyone and it means that trading isn't meant for you as well. We know trading could be a tough job and it requires ample time in order to understand clearly but before doing it, let us also examine ourselves if we are ready for any consequences that may happen in the future. Cause if we feel uncomfortably doing this at the very beginning, I suggest not to continue in trading and stop dreaming to become a professional trader, it only getting far from reality.

I agree with this. If you are an emotional type of trader or person then it will become a hard thing for you to become a profitable trader. That was one of the example of traits that are not compatible to become a trader and it is indeed not for everyone. People should accept it and only stick to the things that are working for them.

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Quote from: EdvinZ on December 25, 2019, 07:07:32 AM

Quote from: Subbir on December 22, 2019, 11:47:05 AM

Quote from: Meowth05 on December 22, 2019, 09:49:18 AM

I do also think that it is not the right time to day trade due to some reason that most of the coins are dump and not making any big movement. The perfect time for daily trade in my opinion is if market is in balance state where not downtrend or uptrend. Anyway, I think after the halving we might see a bit difference so just grip for a moment until the right time comes.

Day trade is admittedly profitable as a result of we will create heaps of profit during a short amount of your time thus we regularly like day trade. However, in some cases the quantity of vaccines becomes too high and lots of suffer from depression. However, it's true that folks like day trade over long trade.

Maybe day trading is profitable for you, but for me personally, this process is unprofitable. I tried day trading, but did not succeed in this. Maybe I just was uneducated for this. All of these indicators, patterns, technical analysis. It's all so difficult really. Investing for the long term is much easier, it is a way for the lazy, but it also does not guarantee a profit.

Trading isn't for everyone and it means that trading isn't meant for you as well. We know trading could be a tough job and it requires ample time in order to understand clearly but before doing it, let us also examine ourselves if we are ready for any consequences that may happen in the future. Cause if we feel uncomfortably doing this at the very beginning, I suggest not to continue in trading and stop dreaming to become a professional trader, it only getting far from reality.

EdvinZ

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Quote from: Subbir on December 22, 2019, 11:47:05 AM

Quote from: Meowth05 on December 22, 2019, 09:49:18 AM

I do also think that it is not the right time to day trade due to some reason that most of the coins are dump and not making any big movement. The perfect time for daily trade in my opinion is if market is in balance state where not downtrend or uptrend. Anyway, I think after the halving we might see a bit difference so just grip for a moment until the right time comes.

Day trade is admittedly profitable as a result of we will create heaps of profit during a short amount of your time thus we regularly like day trade. However, in some cases the quantity of vaccines becomes too high and lots of suffer from depression. However, it's true that folks like day trade over long trade.

Maybe day trading is profitable for you, but for me personally, this process is unprofitable. I tried day trading, but did not succeed in this. Maybe I just was uneducated for this. All of these indicators, patterns, technical analysis. It's all so difficult really. Investing for the long term is much easier, it is a way for the lazy, but it also does not guarantee a profit.

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Quote from: Bezobraznike on December 22, 2019, 01:25:20 PM

Quote from: Stargazer on December 22, 2019, 01:16:32 PM

Even if you follow all the tips from here then you can't ensure a safe and profitable trading life for a longer time. Trading doesn't follow some certain rule but yes I agree that these tips are helpful to learn and realize the trade and these will be helpful for the newbies. To make good in trade you have to have patience and brave.

Because there are no guarantees in trading. There are no strict rules to follow to make profit, there is just market that change
directions constantly. Traders are trying to predict this changes, and nobody makes profit all the time.
Patience is for long-term investing. It's when you believe in the future of some coin. Short-term trading is about speed, to be
faster than others, to sell before others and buy before others, and to have good timing for both.

It runs by our own understanding and strategy. May we learn from the other's way of perspective but it the end, we are still the ones who manage our account. In fact, blaming oneself and regrets are also common to us but from that, it gives a huge impact on our future trading journey.
If we would like to win/achieve something, we must have to work on it.

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Quote from: gabbie2010 on December 25, 2019, 03:15:24 AM

Quote from: DevilSlayer on December 10, 2019, 04:11:06 AM

Quote from: drlukacs on December 10, 2019, 03:48:12 AM

Quote from: yarlungzangbo on December 10, 2019, 12:47:52 AM

Usually, we are trading with market, and we have our own trading logic. But , after you are trading for a long time , you will find you are trading with yourself and the biggest enemy is you.

You may have a good trading logic , and you always earning money from the market , but you are still afraid of lossing, am i right?

Every trader should believe in his own trading logic just like a belief, you can't move it. Lossing are not terrible and you should like it.

So i have some advices:

1. make sure you are believe in your trading logic
2. record the reason when you open trade
3. take profit and stop loss strictly
4. back to the records when you close trade, and think why you are earning or lossing
5. according to the records , if you find something wrong with your trading logic, fix it
6. do the things 1-5 above again

Does any trader record the reason of opening trade? And how do you guys practice it? Let's talk about it.

Yes, I do it every day. I am also a newcomer here and I want to trade better after a few months so I decided to follow the instructions of the previous ones. They tell you to keep a record of your transactions every day for a full reason. when you lose, you still have to do it so after 3 months, you will have something to read and understand where you went wrong. Besides, taking notes shows that you are a well disciplined person and it will create a habit, it will make you love your work more and it will soon make you more professional.

My mentor is also said that my enemy in trading is myself. Even if I created the best plan but I failed to execute it, I will suffer losses. We need to be discipline and for us to achieve that our focus should be improving our trading psychology where we can understand our emotions and thoughts. By doing that our trading skills and our mentality will improve and we can have better outcomes.

Discipline is my major enemy in my trading journey this is an area I need to work on, my plan as a binary options trader do work but greediness wouldn't allow me to stop trading for that day until I started incur losses, My trading psychology needs orientation too it would surely makes me a better trader I really valued all those advices.

Discipline most important have adopted by every trader when they have watching and analyze with bitcoin and altcoin price and keep exist with how much profit target earn, many trader looks greed when their coin trading have raise with higher price and want keep holding until get much profit, but the have make big mistake because some coin after raise with higher price become down and never up again.

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Quote from: DevilSlayer on December 10, 2019, 04:11:06 AM

Quote from: drlukacs on December 10, 2019, 03:48:12 AM

Quote from: yarlungzangbo on December 10, 2019, 12:47:52 AM

Usually, we are trading with market, and we have our own trading logic. But , after you are trading for a long time , you will find you are trading with yourself and the biggest enemy is you.

You may have a good trading logic , and you always earning money from the market , but you are still afraid of lossing, am i right?

Every trader should believe in his own trading logic just like a belief, you can't move it. Lossing are not terrible and you should like it.

So i have some advices:

1. make sure you are believe in your trading logic
2. record the reason when you open trade
3. take profit and stop loss strictly
4. back to the records when you close trade, and think why you are earning or lossing
5. according to the records , if you find something wrong with your trading logic, fix it
6. do the things 1-5 above again

Does any trader record the reason of opening trade? And how do you guys practice it? Let's talk about it.

Yes, I do it every day. I am also a newcomer here and I want to trade better after a few months so I decided to follow the instructions of the previous ones. They tell you to keep a record of your transactions every day for a full reason. when you lose, you still have to do it so after 3 months, you will have something to read and understand where you went wrong. Besides, taking notes shows that you are a well disciplined person and it will create a habit, it will make you love your work more and it will soon make you more professional.

My mentor is also said that my enemy in trading is myself. Even if I created the best plan but I failed to execute it, I will suffer losses. We need to be discipline and for us to achieve that our focus should be improving our trading psychology where we can understand our emotions and thoughts. By doing that our trading skills and our mentality will improve and we can have better outcomes.

Discipline is my major enemy in my trading journey this is an area I need to work on, my plan as a binary options trader do work but greediness wouldn't allow me to stop trading for that day until I started incur losses, My trading psychology needs orientation too it would surely makes me a better trader I really valued all those advices.

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Quote from: TitanGEL on December 25, 2019, 12:50:38 AM

Quote from: Bezobraznike on December 22, 2019, 01:25:20 PM

Quote from: Stargazer on December 22, 2019, 01:16:32 PM

Even if you follow all the tips from here then you can't ensure a safe and profitable trading life for a longer time. Trading doesn't follow some certain rule but yes I agree that these tips are helpful to learn and realize the trade and these will be helpful for the newbies. To make good in trade you have to have patience and brave.

Because there are no guarantees in trading. There are no strict rules to follow to make profit, there is just market that change
directions constantly. Traders are trying to predict this changes, and nobody makes profit all the time.
Patience is for long-term investing. It's when you believe in the future of some coin. Short-term trading is about speed, to be
faster than others, to sell before others and buy before others, and to have good timing for both.

There is no guarantee to win in trading if your knowledge is not enough but if you are knowledgeable enough then you can use your head on how you will win in trading. Traders are losing because they are not trained in trading where they just trading without any kind of strategy and studies. We can be prepared anytime if we have a lot of information about trading. Predicting is impossible but forecasting is possible in trading.

When you are just starting in trading, you need to have enough knowledge and skills; there are some few tips if you are beginning in trading. First is you must know about trading even you already have an idea still you need to know the other transaction inside the trading, always seek for the new and use this as an advantage to the other trader. Second, choose the best method that is suited to your trading to make sure you will not lose on your trade; one of the common mistakes of the beginners is investing on the coin that is not for long term or short term trading. In short term trading, this is for altcoins that you can go for daily trading or long term trading that is for bitcoin because the price will change before a long time. Lastly is be confident on your trade most of the time traders are afraid of losing income on their wallets and pulling out immediately their money.

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Quote from: Bezobraznike on December 22, 2019, 01:25:20 PM

Quote from: Stargazer on December 22, 2019, 01:16:32 PM

Even if you follow all the tips from here then you can't ensure a safe and profitable trading life for a longer time. Trading doesn't follow some certain rule but yes I agree that these tips are helpful to learn and realize the trade and these will be helpful for the newbies. To make good in trade you have to have patience and brave.

Because there are no guarantees in trading. There are no strict rules to follow to make profit, there is just market that change
directions constantly. Traders are trying to predict this changes, and nobody makes profit all the time.
Patience is for long-term investing. It's when you believe in the future of some coin. Short-term trading is about speed, to be
faster than others, to sell before others and buy before others, and to have good timing for both.

There is no guarantee to win in trading if your knowledge is not enough but if you are knowledgeable enough then you can use your head on how you will win in trading. Traders are losing because they are not trained in trading where they just trading without any kind of strategy and studies. We can be prepared anytime if we have a lot of information about trading. Predicting is impossible but forecasting is possible in trading.

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Quote from: ChronoLite on December 22, 2019, 04:34:50 PM

Quote from: Stargazer on December 22, 2019, 01:16:32 PM

Even if you follow all the tips from here then you can't ensure a safe and profitable trading life for a longer time. Trading doesn't follow some certain rule

Yes correct, we make our rules and we make our own strategies. You can't follow someone advice as they are the only who knows how to do their own strategies and that's why majority of the time that someone follows others strategies are having a big failure.

Quote from: Stargazer on December 22, 2019, 01:16:32 PM

but yes I agree that these tips are helpful to learn and realize the trade and these will be helpful for the newbies. To make good in trade you have to have patience and brave.

Newbie should not follow those strategies to be honest, too complicated and they won't even bother to do it.

why? do you have any better?

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Quote from: Stargazer on December 22, 2019, 01:16:32 PM

Even if you follow all the tips from here then you can't ensure a safe and profitable trading life for a longer time. Trading doesn't follow some certain rule

Yes correct, we make our rules and we make our own strategies. You can't follow someone advice as they are the only who knows how to do their own strategies and that's why majority of the time that someone follows others strategies are having a big failure.

Quote from: Stargazer on December 22, 2019, 01:16:32 PM

but yes I agree that these tips are helpful to learn and realize the trade and these will be helpful for the newbies. To make good in trade you have to have patience and brave.

Newbie should not follow those strategies to be honest, too complicated and they won't even bother to do it.

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Quote from: Stargazer on December 22, 2019, 01:16:32 PM

Even if you follow all the tips from here then you can't ensure a safe and profitable trading life for a longer time. Trading doesn't follow some certain rule but yes I agree that these tips are helpful to learn and realize the trade and these will be helpful for the newbies. To make good in trade you have to have patience and brave.

Because there are no guarantees in trading. There are no strict rules to follow to make profit, there is just market that change
directions constantly. Traders are trying to predict this changes, and nobody makes profit all the time.
Patience is for long-term investing. It's when you believe in the future of some coin. Short-term trading is about speed, to be
faster than others, to sell before others and buy before others, and to have good timing for both.

Stargazer

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Even if you follow all the tips from here then you can't ensure a safe and profitable trading life for a longer time. Trading doesn't follow some certain rule but yes I agree that these tips are helpful to learn and realize the trade and these will be helpful for the newbies. To make good in trade you have to have patience and brave.

Topic: A good advice for every traders. - page 11. (Read 3669 times)