I also have one good advice for every trader who can't trade with profit, it is to become an investor. Just admit that trading takes your money and you turn into a regular ludomaniac. Conquer your weakness, invest for a long-term in worthy projects, and devote your free time to useful things.
That’s good advice but don’t you think that trading also has so many profits for you but you only need to deal with trading carefully and also try to find it reliable for you. Don’t be rush to get rich with trading and try to learn to trade properly so you will find it easier the same as investing your money as trading is good to try for the long term in the beginning. 
Topic: A good advice for every traders. - page 13. (Read 3688 times)
Reading is the first step for successful trading, you need to know allot of things in order to make profit regularly in trading. Also people use different strategies as some are aggressive and try every experiment and some do long term holding. Also be careful of sudden pumps or dumps of Bitcoin as alts will go down whenever there is a fluctuation.
It's about the type of risk that each traders wanted to take and how they can manage to take care of each responsibilities. Traders with high hope keeps being optimistic and will continue finding the right ways. Don't rush everything as time will allow you to learned the right system that will be beneficials with your stay inside the trading market. Wild but profitable once you learned the right attitude when investing to this business.Reading is the first step for successful trading, you need to know allot of things in order to make profit regularly in trading. Also people use different strategies as some are aggressive and try every experiment and some do long term holding. Also be careful of sudden pumps or dumps of Bitcoin as alts will go down whenever there is a fluctuation.
It's about the type of risk that each traders wanted to take and how they can manage to take care of each responsibilities. Traders with high hope keeps being optimistic and will continue finding the right ways. Don't rush everything as time will allow you to learned the right system that will be beneficials with your stay inside the trading market. Wild but profitable once you learned the right attitude when investing to this business.
Another thing is that anyone who wants to be a trader needs to consider the coins they choose. There are lots of coins in the market, and some of them have a huge market cap, whereas others have a market cap that is smaller. You should know what these means for every coin. If you're choosing a coin that has a smaller market cap then you should know that they are vulnerable to wild volatility, but coins with bigger market caps are not.
The next thing one has to check is the trading volume, trading volume is a very important thing to check for. And as you have said, using stop losses and pre-determined levels taking profits is very important.
Overall there are infinite aspects and factors, every trader must need to focus and should be being conscious while trading. No one could list out all of them as covering each and everything could be possible only be experience. This is the reason why professional traders are suggesting about continuous learning as the only way to be staying competitive in trading field.
The next thing one has to check is the trading volume, trading volume is a very important thing to check for. And as you have said, using stop losses and pre-determined levels taking profits is very important.
Overall there are infinite aspects and factors, every trader must need to focus and should be being conscious while trading. No one could list out all of them as covering each and everything could be possible only be experience. This is the reason why professional traders are suggesting about continuous learning as the only way to be staying competitive in trading field.
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They are good advice, but you need to set your goal carefully. When you define a goal, you can determine the path that leads to this goal and then choose the best path to do so.
There is no such thing as "the logic of your trading". There are goals and a way to achieve them. This method is not required to be fixed, but it changes with events.
Generally, these are psychological tips for speculators and not advice on how to do trading.
There is no such thing as "the logic of your trading". There are goals and a way to achieve them. This method is not required to be fixed, but it changes with events.
Generally, these are psychological tips for speculators and not advice on how to do trading.
goals like how much $ you want to get and when it's fulfilled you have to stop, some people might have my mind about trading and if possible take as much profit as possible: p
stop being greedy, or you will be swayed like a ship without sails in the sea.
Take as much profit as you can be our goals in trading, but we need to be careful because the market will not always move as you want. You still need to check every day for the market movements so you can improve your strategy in trading, and that will help you to buy the coin at a low price. Yes, stop being greedy is one thing that we should concern because greedy will be on our side every time we take the profit. When we already consider the profit, you can stop for a while so you can calm down your mind so that you can search for another coin at a low price.
They are good advice, but you need to set your goal carefully. When you define a goal, you can determine the path that leads to this goal and then choose the best path to do so.
There is no such thing as "the logic of your trading". There are goals and a way to achieve them. This method is not required to be fixed, but it changes with events.
Generally, these are psychological tips for speculators and not advice on how to do trading.
There is no such thing as "the logic of your trading". There are goals and a way to achieve them. This method is not required to be fixed, but it changes with events.
Generally, these are psychological tips for speculators and not advice on how to do trading.
goals like how much $ you want to get and when it's fulfilled you have to stop, some people might have my mind about trading and if possible take as much profit as possible: p
stop being greedy, or you will be swayed like a ship without sails in the sea.
Reading is the first step for successful trading, you need to know allot of things in order to make profit regularly in trading. Also people use different strategies as some are aggressive and try every experiment and some do long term holding. Also be careful of sudden pumps or dumps of Bitcoin as alts will go down whenever there is a fluctuation.
It's about the type of risk that each traders wanted to take and how they can manage to take care of each responsibilities. Traders with high hope keeps being optimistic and will continue finding the right ways. Don't rush everything as time will allow you to learned the right system that will be beneficials with your stay inside the trading market. Wild but profitable once you learned the right attitude when investing to this business. 
Personal logic must be one-way with market logic. every time we close a position with a profit target, we often automatically make a new order, if it is like this, the amount of loss will be more than the profit. each record must return to initial management so that each improvisation does not become a boomerang. It is better to cancel all failed and floating orders, and restart the original plan to prevent greater losses.
Quote
5. according to the records , if you find something wrong with your trading logic, fix it
All of you mention are more important for us if we doing in trading.And Ill agree with this number 5 in your list, Because they have time we are make some mistake in trading on why we are losing some profit in trading.
So we need have some records of which are we have wrong for trade, So that we can fix it early and avoid it if we trade again.
It was risky if we are in trading situation so thats why we need more plan and strategy for trading.
Because we need have time find away on how to earn, Must better to start in short term and slowly to learn in trading than those long term that we only focus in one. But it depends on us of were we are comfortable.
Being emotional in trading it was part on us but we need to control on the time.
Reading is the first step for successful trading, you need to know allot of things in order to make profit regularly in trading. Also people use different strategies as some are aggressive and try every experiment and some do long term holding. Also be careful of sudden pumps or dumps of Bitcoin as alts will go down whenever there is a fluctuation.
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.
Many trader when looking their trading assets have higher price keep holding and waiting with more higher price again until down and exactly when assets have lower price never take for cut lost, they have never want to adopt with take profit and stop loss strictly because still greed with trader and keep trusted with their coin assets back with higher price. 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.
In my opinion the best advice for all traders is to be able to control the emotions that we have. Because sometimes we as traders often
carries emotions when trading. For example, because market prices suddenly go down, our emotions start to be affected, we panic, then
we can't think calm and clear. Because of panic, we immediately sell all the coins and experience a substantial loss, even though if can
control emotions. We will not sell suddenly, be calm learn the market first. Sometimes the price drops, not long the price can go up again
suddenly too. In the end we don't have to suffer losses if we can control our emotions.
carries emotions when trading. For example, because market prices suddenly go down, our emotions start to be affected, we panic, then
we can't think calm and clear. Because of panic, we immediately sell all the coins and experience a substantial loss, even though if can
control emotions. We will not sell suddenly, be calm learn the market first. Sometimes the price drops, not long the price can go up again
suddenly too. In the end we don't have to suffer losses if we can control our emotions.
I also have one good advice for every trader who can't trade with profit, it is to become an investor. Just admit that trading takes your money and you turn into a regular ludomaniac. Conquer your weakness, invest for a long-term in worthy projects, and devote your free time to useful things.
Becoming an investors also need to be skilled like a trader, because seeing the potential of a coin is not easy sometimes a coins offer a really good future to their investors but in a year or 2 the coin is still stagnant and not making a good growth, so the investors will just wasting a lot of time.
I also have one good advice for every trader who can't trade with profit, it is to become an investor. Just admit that trading takes your money and you turn into a regular ludomaniac. Conquer your weakness, invest for a long-term in worthy projects, and devote your free time to useful things.
Becoming an investors also need to be skilled like a trader, because seeing the potential of a coin is not easy sometimes a coins offer a really good future to their investors but in a year or 2 the coin is still stagnant and not making a good growth, so the investors will just wasting a lot of time.
This is the common situation that mostly happening on different projects right now. The stagnant and non moving crypto coin was very rampant, and not being listed with any group of popular exchanges. That's how worst people thought about trading these days, and we can't even blame someone who panicked after seeing their holdings wasn't able to reach the profitable value. To give some advice, keep holding and don't listen to any manipulation or some negative analysis, because it might give you wrong decisions.
I also have one good advice for every trader who can't trade with profit, it is to become an investor. Just admit that trading takes your money and you turn into a regular ludomaniac. Conquer your weakness, invest for a long-term in worthy projects, and devote your free time to useful things.
Becoming an investors also need to be skilled like a trader, because seeing the potential of a coin is not easy sometimes a coins offer a really good future to their investors but in a year or 2 the coin is still stagnant and not making a good growth, so the investors will just wasting a lot of time.
I also have one good advice for every trader who can't trade with profit, it is to become an investor. Just admit that trading takes your money and you turn into a regular ludomaniac. Conquer your weakness, invest for a long-term in worthy projects, and devote your free time to useful things.
Trading is not for all of us and those that should trade in the financial market or cryptocurrencies market should be those that has spent more time in managing their own emotions and are ready to see loses as the road to success. I have see people selling a coins only to see that coins making 3x the following days.
These are great guidelines. Its really helpful in trading transaction. Mostly it always depends on our own instinct or strategies. These guidelines are also dependable and eventually we can make our own strategies from the experiences we encountered everytime we trade. Stopping lost strictly is quite very risky and somehow hard to avoid but definitely needs time to monitor every trading or market statistics.
We do have a lot of ways, guidelines are available out there, so here is no reason for us not to learn trading unless we don't have the plan in learning it, for me, better to try everything that you think could make you maximize your fund and could make you rich rather than just wasting your time in some aspects that really don't matter at all.
These are great guidelines. Its really helpful in trading transaction. Mostly it always depends on our own instinct or strategies. These guidelines are also dependable and eventually we can make our own strategies from the experiences we encountered everytime we trade. Stopping lost strictly is quite very risky and somehow hard to avoid but definitely needs time to monitor every trading or market statistics.
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.
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.
That is something which can make a trader successful. Most of the traders try to recover the loss after any negative trade, they fight with the market taking illogical trades leading more losses to their account. Trading is a game of probability, even trades taken on guess have 50% chances of success. If you trade with a logic (record the reason when you open trade) you have more chances of success. Trade should be well planned with pre-defined SL and TP, we should accept whatever market gives us.
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