Characteristic of trader - page 6. | Bitcointalksearch.org

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: traderethereum on January 30, 2018, 08:28:01 AM

Quote from: jonatuzc on January 30, 2018, 02:40:39 AM

Quote from: MV7 on January 29, 2018, 06:29:03 AM

One thing I've noticed as a trader - There is no better feeling than finding an amazing coin that not many people know about. It's like you can smell the profit, and it is addicting

Hahahaha yes this happens. And I suppose this must had happened with all those lucky persons of 2010 or around who came to know about bitcoins and they smelt the good profits out of it. Those people are seriously so amazing who had taken bitcoins in their accounts at that starting time. And now they’re playing in hundred thousands of dollars by trading and holding and investing.

but for new people, they can do this too with learning on the exchanges by doing analyze the price. every people starts from zero and if we can learn like those people, I think the other people could make a big profit too

I will underline about don't too greedy to determine the profit because we can miss everything including about the profit that we want. it is better to know when to go out from the coins with some good profit than missed the right time to sell.

Too Greedy and too much confident would really put you on nowhere here on trading field. Assumptions on getting rich or making huge profits is there while we are holding a coin but yet these kind of decisions would really like a gamble since we wont know if that coin will continue further or not and there were only two possible results either missing out the profits or getting caught by a dump.

Layonk

member

Activity: 210

Merit: 10

Quote from: kolega on January 30, 2018, 04:04:41 AM

I will add a few important rules:
- Do not work with borrowed money.
- There is no high price to start purchases, there is no low price to start sales.
- "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.
- You should not trade. You must manage the risks.

Good addition from you,
One of important thing that i like is dont trade with borrowed money because it can make our psichology down.
Before trading we have lossed because we dont afford the money to loss. Start with smaller money that we can afford is better than big borrowed money.

Kambal2000

sr. member

Activity: 700

Merit: 257

Aside from those given above, another most of important factor in trading is to have a:

- WISDOM - seeking always a new knowledge and to be able to gain from it, you must be ready all the time to adapt new things, ideas and strategies, willingness to learn should always apply in our life.

- DISCIPLINE - don't be too excited for everything especially when it is our first time to do trading as the excitement could lead to frustration if its too much.

- PATIENCE - It should always inside our pocket to bring patience in everything we do especially in trading, as an investor we should be patiently wait for the right opportunity, whenever we see price goes down stay calm under the pressure do not panic and just always focus on your goal not on the current price.

- MAKE YOUR OWN PLAN - After studying a lot of things, set your goals and make some ways /techniques/strategies on how you are going to do it,
if you want to have a career in trading make sure to devote yourself and make decisions on your own and not to be influenced by other people especially peer pressure. Be responsible enough in your choices and live with it.

Good luck.

whirlcoin

full member

Activity: 602

Merit: 111

One more point to that,he need to be a decision maker while comes to pick the trades because we need to pick the roght trades to earn more and he doesn't have to care about the rest.

traderethereum

hero member

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Merit: 574

Vave.com - Crypto Casino

Quote from: jonatuzc on January 30, 2018, 02:40:39 AM

Quote from: MV7 on January 29, 2018, 06:29:03 AM

One thing I've noticed as a trader - There is no better feeling than finding an amazing coin that not many people know about. It's like you can smell the profit, and it is addicting

Hahahaha yes this happens. And I suppose this must had happened with all those lucky persons of 2010 or around who came to know about bitcoins and they smelt the good profits out of it. Those people are seriously so amazing who had taken bitcoins in their accounts at that starting time. And now they’re playing in hundred thousands of dollars by trading and holding and investing.

but for new people, they can do this too with learning on the exchanges by doing analyze the price. every people starts from zero and if we can learn like those people, I think the other people could make a big profit too

I will underline about don't too greedy to determine the profit because we can miss everything including about the profit that we want. it is better to know when to go out from the coins with some good profit than missed the right time to sell.

layoutph

sr. member

Activity: 1372

Merit: 255

Trading is like a molding machine. If you are impatient, it will teach you how to hold and become patient. Trading also teach you how to become contented and not greedy. Personally it teaches me not to become greedy, and not to chase pumps. Trading teach me to become patient and to wait for the good spot where to ride the trade.

ngacengan

full member

Activity: 504

Merit: 100

everything you mentioned is true and all this has a solution and there is one key where you can control all these keys is patience, no matter how they trade and what character is just one solution, patience.

Kigwa143

newbie

Activity: 53

Merit: 0

The characteristic of a trader should be resourceful.We should be able to search for a good potential token to invest so that we can be able to assure a 100% income and also you should be patient as well because trading is really good for long term investment so dont do rush selling if you dont want to loss a huge amount of your money.Be wise as well.

lablab03

full member

Activity: 1064

Merit: 112

Nice thread, its a big help to those who don't have enough information how to prevent loses in doing trading , and also all things that required to be a good trader is attached already this thread . Good time to add some strategy and also this is good to those newbie who lack of information and want to enter in trading.

Vaculin

hero member

Activity: 2940

Merit: 613

Winding down.

Overall a trader should be smart to be able to do the right strategy to be successful.
The reality is that there are a lot of trials along the way and especially if you are new you tend to make a wrong decision as inside you,
you haven't build the right confidence yet, but eventually if you stay positive you will definitely improve.

isaac_clarke22

sr. member

Activity: 1610

Merit: 264

Quote from: pugi2 on January 29, 2018, 05:25:24 AM

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.

These two are almost the same to each other, the only thing that makes it different is that patience can also mean that you're finding other coins to trade at and you're willing to risk a bit for it. Patience isn't simply waiting by time. Patience in trading is like being resourceful, but you're not gonna abandon what have you invested previously.

Quote from: pugi2 on January 29, 2018, 05:25:24 AM

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.

Synonymous to being a risk-taker, but you're not just gonna be confident in the way that you have so much capital to buy the coin and you're just gonna buy small. Instead you will learn about that coin and assess if it has a goal that will last long, and people will consistently use it and not just for profit but also for the services the coin offers. Don't gamble because you're confident, gamble because you know it is worth your confidence. Your confidence won't determine the price that the coin will get. It is in your knowledge and unique art or strategy in trading in where you can turn the tides of the price.

Question123

sr. member

Activity: 1624

Merit: 267

This thread is very useful to all trader and ofcoarse to the newbie in trading. Because they can know what they need characteristics if they start trader. For me the first characteristics to be learn in newbie is PATIENCE because if you have that you can wait the price to increade and after that for sure you can make profit. Don't be greedy because sometimes being greedy the result is bad . So if you think the profit is enough it is okay.

aoihs00

sr. member

Activity: 700

Merit: 300

After very long time I’m seeing very good thread with quality answers, wow merit system does work I belive.

Got more attracted to the answers and kept reading through all of you and looks like engaging discussion.

Moreover we can also look for some good blogs, I would suggest steemit community which gives us extensive information gathered from all over so you can easily work out the math.

That’s not a characteristic but a way to approach to trades in professional way, the studying! That’s important too.

Nice post OP.

kolega

member

Activity: 294

Merit: 11

I will add a few important rules:
- Do not work with borrowed money.
- There is no high price to start purchases, there is no low price to start sales.
- "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.
- You should not trade. You must manage the risks.

jonatuzc

hero member

Activity: 854

Merit: 501

Quote from: MV7 on January 29, 2018, 06:29:03 AM

One thing I've noticed as a trader - There is no better feeling than finding an amazing coin that not many people know about. It's like you can smell the profit, and it is addicting

Hahahaha yes this happens. And I suppose this must had happened with all those lucky persons of 2010 or around who came to know about bitcoins and they smelt the good profits out of it. Those people are seriously so amazing who had taken bitcoins in their accounts at that starting time. And now they’re playing in hundred thousands of dollars by trading and holding and investing.

kikoy999

member

Activity: 429

Merit: 10

Quote from: pugi2 on January 29, 2018, 05:25:24 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.

This is the best way to start trading before trading them before they start trading so they can avoid losing big money in trading.

Layonk

member

Activity: 210

Merit: 10

Quote from: bitsticker on January 29, 2018, 11:48:09 AM

trader is not an easy path, i would extend that list much further. some would add; vision, critical mindset, psychological stability, experience, discipline

Experience will come outomatically if we start trading so its not one of the characteristic of trader that we need.
Discipline one of the important one that we need to have as trader because without discipline we might be lossing our plan.

Baoo

full member

Activity: 868

Merit: 116

As a matter of fact, For success in trading, there should be good characteristics for the trader because this field is not easy and especially for beginners. but in my opinion, the good trader must have 3 characteristics at least, as follows:

Firstly patience, When the trader is impatient, then he cannot make a lot of money in this field, especially when waiting for a currency to rise and trading in a long time.

Secondly strategic, It is very important to have a strategy and a plan for every situation can happen in the near future So that you can deal with each fall in price or jump in the market.

Thirdly confident, So trust in the same is necessary in all fields, and with regard to trading in digital currencies It is very essential that there be choices with complete confidence and this leads to financial gain.

bitsticker

newbie

Activity: 87

Merit: 0

trader is not an easy path, i would extend that list much further. some would add; vision, critical mindset, psychological stability, experience, discipline

cydrix

full member

Activity: 602

Merit: 129

Quote from: pugi2 on January 29, 2018, 05:25:24 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.

On number 3 panic can be handled if you have reserved to add in and compensate for your loss. A good trader is always cautious about his investments the confident and doubt are almost the same. One thing that every trader need to have a considerable amount of patience.

Topic: Characteristic of trader - page 6. (Read 847 times)