You should never allow your emotions take control of your intellect. I think emotions should be kept away when you are trading. If you are very emotional then a quick dump and lose can give you nervous breakdown. When you a solid logic and you are following experienced people you will achieve your target. Just set your mind before starting any trade that you will either win or lose, but both will add to experience. Positive hopes will keep you going.
This is one of the golden rule of traders. We need to manage our emotions because as we can see it really affects all the things in our life and it makes us frustrated and miserable. If we are not in good mood or in stable emotion better not to trade same as to gambling. We need to learn that we can only invest the money that we can afford to lose as well. 
Topic: A good advice for every traders. - page 8. (Read 3635 times)
Those are powerful advice which is applicable for most traders who are afraid of taking the risks in trading. We should accept the fact that there's no perfect trading journey and there will always be losses along the way but we have to deal with it. There will always be lapses and mistakes but we should always learn from it to do better next time.
"Invest only what you are afford to loose."
This was the first advice I had got from my teacher and will tell the same thing to everyone whose trying to start trading in any manner.
Go with your instincts. Logic is not perfect.
From your submission above you strongly believe that what ever trade you place you have a mind that you will lose your trade. If truly that if what you were thought and you believe it then you are trading like playing gambling. This was the first advice I had got from my teacher and will tell the same thing to everyone whose trying to start trading in any manner.
Go with your instincts. Logic is not perfect.
that is very good advice, there are many ways to manage it but the most important thing in my opinion is how to control greed when profit and panic when lose, most of traders are eaten by greediness
Yes, good traders must have the patience for being rich or for earning money if they will be greedy and they will try to get rich faster they maybe lose all their money and suffer loose. So we should try to keep waiting if the market is not good for you. Trading is always profitable but we should keep patience and control our greed in trading its important thing in trading.that is very good advice, there are many ways to manage it but the most important thing in my opinion is how to control greed when profit and panic when lose, most of traders are eaten by greediness
Yes, good traders must have the patience for being rich or for earning money if they will be greedy and they will try to get rich faster they maybe lose all their money and suffer loose. So we should try to keep waiting if the market is not good for you. Trading is always profitable but we should keep patience and control our greed in trading its important thing in trading. 
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.
Good advice brother, every traders biggest enemy is their own psychology. no matter short or long term, everyone had their strategy and analyst but when it goes to psychology they must strict. I had many experience which left me feel remorse back then, like why i buy at this point etc, but mostly is cause of greed i forgot my take profit point and want it more which left me burned after that. At this moment patience is very hard things to do, especially when price got sideways on this weekly.
that is very good advice, there are many ways to manage it but the most important thing in my opinion is how to control greed when profit and panic when lose, most of traders are eaten by greediness
Manage yourself and your trade also. Hard times are also the part of trade, but how you manage to deal with it is very important. Very good traders sometimes panic in hard times, they just take the dumb in the price as the end of world and are not able to manage the situation. If you have make the decision of investment and with the big heart have invested your hard earned money in trade, show some more capabilities by managing everything with patience and care. 
Even when your trading logic is solid, and based on watching other successful people, following the logic is the hardest part. It's simply not that easy, emotions get in the way.
Being emotional is not a good thing in trading but we should trade with good senses and overcome greed in trading. We decide to trade then will have to follow the rules as well. We saw so many successful people in the trading journey but we can’t trust them all just make proper research while trusting any trading person even if he is the most successful trader but trade only with your own knowledge.Even when your trading logic is solid, and based on watching other successful people, following the logic is the hardest part. It's simply not that easy, emotions get in the way.
Being emotional is not a good thing in trading but we should trade with good senses and overcome greed in trading. We decide to trade then will have to follow the rules as well. We saw so many successful people in the trading journey but we can’t trust them all just make proper research while trusting any trading person even if he is the most successful trader but trade only with your own knowledge.Even when your trading logic is solid, and based on watching other successful people, following the logic is the hardest part. It's simply not that easy, emotions get in the way.
You should never allow your emotions take control of your intellect. I think emotions should be kept away when you are trading. If you are very emotional then a quick dump and lose can give you nervous breakdown. When you a solid logic and you are following experienced people you will achieve your target. Just set your mind before starting any trade that you will either win or lose, but both will add to experience. Positive hopes will keep you going.
. However, we don't have any choice but to do so because these things could lead us to worse situations. I know it's hard in the beginning but you can get used to it in the long run 
. 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.
trading logic is really very important.
I want to give one example about the traders in 2017 during the bullish season. The newbies in that bull made mostly more profit comparing to experienced traders. Because they could blindly buy and make huge profits, instead of taking the profits and exit.
But as soon as the bull season ended, these newbies lost almost everything. But the ones took profit could have something already in their pocket.
Even when your trading logic is solid, and based on watching other successful people, following the logic is the hardest part. It's simply not that easy, emotions get in the way.
You should never allow your emotions take control of your intellect. I think emotions should be kept away when you are trading. If you are very emotional then a quick dump and lose can give you nervous breakdown. When you a solid logic and you are following experienced people you will achieve your target. Just set your mind before starting any trade that you will either win or lose, but both will add to experience. Positive hopes will keep you going.
For every single trader, these are very basic logic, if you don't do any of these you've been doing very wrong so far. I agree with every single step OP has talked about because these are basically the most important trading parts, without any of them you're looking at a trading that has no purpose and you'd never know what to do with your next trading since you haven't learned your lessons. So do these things but don't think they're going to be enough, they're just the most simple naked stuff you've got to do without putting anything on top of it, you're doing these things but then you're adding what you're doing and making it better and better the more you're dealing.
Even when your trading logic is solid, and based on watching other successful people, following the logic is the hardest part. It's simply not that easy, emotions get in the way.
In my view, being able to control the feelings we have is the best advice for all traders. Because we often bring feelings when dealing as traders. For starters, because market prices are suddenly falling, our emotions are beginning to be affected, we are panicking, and we can't think calm and clear. Because of panic, we sell all the coins immediately and experience a substantial loss, even if emotions can be controlled. We're not going to sell all of a sudden, we're going to learn the business first. The price often decreases, the price may not go up again unexpectedly. Essentially, if we can regulate our feelings, we don't have to suffer losses.
This will be the first thing that a trader must have do, to control feelings over everything. As trader, we all know that we sometimes lose money especially when we dont hit the target, or we dont monitor our coin and suddenly the price of it dumps. We need a lot of patience and also, we need to manage our losses so that it would not happen again. Accept losses it wi be good for every trader.I think it is all about patience.
Despite the many changes of Bitcoin and other cryptocurrencies over time, we should be patient and wait for the right time to execute our plan. We should be aware of the changes that is happening since with that, we can track the changes and come up with another plan pr strategy. Saying that, you should have your own record of the changes of your investment.
In my view, being able to control the feelings we have is the best advice for all traders. Because we often bring feelings when dealing as traders. For starters, because market prices are suddenly falling, our emotions are beginning to be affected, we are panicking, and we can't think calm and clear. Because of panic, we sell all the coins immediately and experience a substantial loss, even if emotions can be controlled. We're not going to sell all of a sudden, we're going to learn the business first. The price often decreases, the price may not go up again unexpectedly. Essentially, if we can regulate our feelings, we don't have to suffer losses.
This will be the first thing that a trader must have do, to control feelings over everything. As trader, we all know that we sometimes lose money especially when we dont hit the target, or we dont monitor our coin and suddenly the price of it dumps. We need a lot of patience and also, we need to manage our losses so that it would not happen again. Accept losses it wi be good for every trader.In my view, being able to control the feelings we have is the best advice for all traders. Because we often bring feelings when dealing as traders. For starters, because market prices are suddenly falling, our emotions are beginning to be affected, we are panicking, and we can't think calm and clear. Because of panic, we sell all the coins immediately and experience a substantial loss, even if emotions can be controlled. We're not going to sell all of a sudden, we're going to learn the business first. The price often decreases, the price may not go up again unexpectedly. Essentially, if we can regulate our feelings, we don't have to suffer losses.
This will be the first thing that a trader must have do, to control feelings over everything. As trader, we all know that we sometimes lose money especially when we dont hit the target, or we dont monitor our coin and suddenly the price of it dumps. We need a lot of patience and also, we need to manage our losses so that it would not happen again. Accept losses it wi be good for every trader.
In my view, being able to control the feelings we have is the best advice for all traders. Because we often bring feelings when dealing as traders. For starters, because market prices are suddenly falling, our emotions are beginning to be affected, we are panicking, and we can't think calm and clear. Because of panic, we sell all the coins immediately and experience a substantial loss, even if emotions can be controlled. We're not going to sell all of a sudden, we're going to learn the business first. The price often decreases, the price may not go up again unexpectedly. Essentially, if we can regulate our feelings, we don't have to suffer losses.
It is a good analytical strategy that can easily identify errors and help keep your head cold in view of maintaining a constant log of your thoughts regarding every transaction.
Just those traders who use such records lose less, and grow in skills faster than others. This, after all, requires additional efforts that not everyone is ready to make.
Just those traders who use such records lose less, and grow in skills faster than others. This, after all, requires additional efforts that not everyone is ready to make.
For beginners it will be difficult to understand about it because they do not fully understand it so it takes time to process so that they understand the notes in the trade.
First of all, be sure of the coins you buy, because that will be the best choice in your trade, and always monitor market movements so that they are not late in their increase and stop loss is very important if the price drops continuously.
So the notes are very important and we also need accurate info about the coins being traded.
First of all, be sure of the coins you buy, because that will be the best choice in your trade, and always monitor market movements so that they are not late in their increase and stop loss is very important if the price drops continuously.
So the notes are very important and we also need accurate info about the coins being traded.
Everything that we are starting was really confusing, especially in trading as you will need a lot of your time in studying about it, you will need a lot experience, as well as failures every now and then.
It's very important that we will be consistent in studying trading and be full time on it if we have time, then learn different kinds of strategies as well.
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