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Topic: Characteristic of trader (Read 845 times)

newbie
Activity: 126
Merit: 0
August 18, 2018, 01:52:50 PM

1. Greedy
Greedy is first characteristic that can make us ending in loss. If we trade without profit target, this greedy can kill your profit. Try to make target for your trade for example 50% or 100% from your capital in long term or 5% in short term. Sell your asset after touching the target, if not the price maybe go back to bearish.


Agreed, but don't take greed literally, it is okay to be greedy but
it is only good if you have control over it. planning ahead is
very important, don't get depressed because you didn't manage
to sell at the peak of the breakout, just a fact only 7% approx
of the traders manages to sell at the peak, and maybe it
is because of luck.
sr. member
Activity: 630
Merit: 258
August 18, 2018, 01:43:02 PM
The characteristics of the trader is hardworking, can work under the pressure and at the same time patience because everything in this business take times to be successful in this industry.
member
Activity: 238
Merit: 10
August 15, 2018, 01:08:37 PM
I can say that my characteristics is the patience and positiveness like optimist I am always trying to believe in the cryptocurrency which I am buying. I'm not selling if it is going down a little bit right away.
member
Activity: 336
Merit: 10
August 15, 2018, 12:58:16 PM
For the characteristics  of a trader is patience most of all then can builds a good relationship to others, can think critically and analytically and at the same time know the basic concept of handling this kind of business.
full member
Activity: 322
Merit: 107
August 15, 2018, 04:19:52 AM
Yes being patient is the traders need .We dont need to be panic when the price goes down ,panic is the traders do when he is impatient.Choosing a right coin for our investments even though its a long term ot short term.
jr. member
Activity: 224
Merit: 1
August 15, 2018, 04:05:25 AM
Characteristic of Trader:

1. Optimistic Attitude
2. High Self-Esteem and Self-Worth
3. Sense of Internal Power
4. Balance Away From the Market

What I have mention is just what I experience in trading. You should have this different characteristic. 
member
Activity: 322
Merit: 10
The Premier Digital Asset Management Ecosystem
August 14, 2018, 11:32:36 PM
Traders should now be patient enough to make a profit, so that they can overcome this difficult period. To make a profit, hold the penny until the end of the year, maybe the market will recover and you will be more successful if you wait.
full member
Activity: 616
Merit: 100
https://exip.live/
August 14, 2018, 09:27:50 PM
Before put money in to trading, firstly we should have trading plan to avoided and to minimize the risk from high volatility. Crypto price is very fluctuactif because in just aday the price can going up to 100 % but also can going down more than 50%. We should be set how many percentace of loss that we can take by use stop loss whenever buy  crypto.
newbie
Activity: 176
Merit: 0
July 10, 2018, 09:39:36 AM
Hello everyone
I am newbie here in cryptocurrency trading so i can feel what newbie feel when they start trading.
As newbie, one thing we have to do is learning. Learning can be from any source for example this forum, google, youtube or maybe private with expert. You can choose betwen those source to learn how to start trading so of course we do it to get skill which we can use to trade. Skill is very important but there are other thing such characteristic that we can not learn so easy from those source.

1. Greedy
Greedy is first characteristic that can make us ending in loss. If we trade without profit target, this greedy can kill your profit. Try to make target for your trade for example 50% or 100% from your capital in long term or 5% in short term. Sell your asset after touching the target, if not the price maybe go back to bearish.

2. Patience
This is specially very important for long term trader. Dont ever sell your coin in the bottom of buying price. We should be patient waiting the price return back to bullish.

3. Panic
Panic can be solved by choosing the right coin. Becasue if we choose the shit coin then we will sell it in panic if the price goes down rapidly. So panic also very dangerous for our asset value.

4. Confident
Confident is needed when we try to pick the right coin. Without confident, we can miss the big chance of the profit because waiting too long to execute. But please dont over confident.

5. Doubt
Dont ever doubt if you think that is the good coin, just do fast reaction to make good profit. This doubt can be solved by doing good research before picking the coin.

I think all trader have noticed those above characteristic but thats special for newbie like me and other newbie.
I am not expert so i can not explain it well and i hope any expert can correct and add others if i miss it.
I hope it can be usefull for newbie.

Edit

Emotions :
The ability to rid yourself of all emotions and taking profit the moment the coin you invested increases in significant value before the coin gets dumped on you. This applies mostly to day traders.

Trading pattern :
Every good trader should recognize trading patterns especially for pump and dump coins which are usually always similar.

Thanks to kevoh

   I will add a few important rules:
- Do not work with borrowed money.
- "The biggest enemy is nerves." Control emotions. Discipline and patience!
- Before entering the market, decide how much you are willing to lose. If you do not decide, do not go in; you will definitely lose everything.
I add this from kolega. Thanks

Yes i agree also to you And one more characteristic of trader is they easily carried away by their emotions... There are a lots of trader who panic easily because of the sudden changes in price they easily sell their coins because they fear that they will loss it chances...  But in the end they will realize that it is a rush decision and we all know tht making a rush decision can never help us...  But whatever happened always learn to accept and learn from your experience as well...
member
Activity: 322
Merit: 12
July 10, 2018, 08:40:44 AM
If I think we traders should not be without using emotions when trading because if we lose our trades. In order for us to be a successful trader we must be confident enough in choosing our target market. We must also be the star of the situation that is not lost.
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
July 10, 2018, 06:10:23 AM
When I was a newbie, I only feel losing patience, panic and doubt when everything is turning down. And I feel confidence and greed when everything is going up high. But as I gain more experience, I learned on when I will apply those things depending on the situation.

this is happening to me too but then I realize that I need to learn more about trading so I can reduce my chance to become panic and loss the profit. besides that, I learn that to become a holder is the best thing that will work for me and so far, I see that my investment is really good because the value still increases although the market is still going up and down in anytime. besides becoming of the holder, I still do trade in daily and weekly because I see that I can make another profit by doing trading and with the analysis techniques that I learned, I think I can earn a good profit.
full member
Activity: 448
Merit: 100
July 10, 2018, 01:45:39 AM
When I was a newbie, I only feel losing patience, panic and doubt when everything is turning down. And I feel confidence and greed when everything is going up high. But as I gain more experience, I learned on when I will apply those things depending on the situation.
newbie
Activity: 14
Merit: 0
July 09, 2018, 04:30:03 PM
Patient and knowledgeable, IMO  Cool
jr. member
Activity: 252
Merit: 2
July 05, 2018, 03:33:50 AM
The characters of a trader are;the trader must be patient,not just panick when the dip continues, the trader must be observant,he must kill greed,and knowledgeable in what he is buying into..
full member
Activity: 387
Merit: 100
July 05, 2018, 03:24:05 AM
Greediness is always the biggest mistake that most traders do when they just start trading, because it leads to a lot of losses in a short period of time, and we all know that


True,  i've experienced that.  Greediness is not a good attitude in trading.  Every trader commits lots of mistakes in a very early stage of trading.
newbie
Activity: 126
Merit: 0
July 05, 2018, 03:14:14 AM
Bitcoin and blockchain first appeared in the world in 2008, considered as a coin-level cash system that allowed tracking money by the system. Traders must have basic knowledge of the transaction and they must trade carefully
member
Activity: 378
Merit: 10
July 05, 2018, 01:57:21 AM
A trader must be emotionless when trading because if you loose a trade you will seek revenge and can do some stupid things when trading and it will cause you loosing more, and a trader must be educated to have a big and passive income daily weekly monthly etc.


And also highly successful traders know themeselves better than any other industry professionals, dont let others influence you or change your mind, in trading your emotions are tested to their breaking point, be honest with yourself, build your trading plan to fit your personality.


member
Activity: 378
Merit: 10
July 05, 2018, 01:19:32 AM
A good and successful trader must have patience, enough knowledge to deal with other crypto traders and must have the courage to take risk whatever may happen to your money.
hero member
Activity: 2940
Merit: 613
Winding down.
July 05, 2018, 12:07:16 AM
Excellent performance. Each trader in different quantities have all these qualities and if you are going to become a trader read this entire characteristic again and remember it for life. It will help you a lot. P.S This is my personal advice.
I think what is more important is that we have the discipline to stick with our strategy because we have different strategy.
In addition, we need to make sure that we have an open mind to accept our mistakes so we can always improve.
newbie
Activity: 129
Merit: 0
July 01, 2018, 10:20:30 AM
Patience is very important and no other characteristics are more important than it. Not only in crypto but also in our life, patient people will win it all no matter what
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