Topic: Characteristic of trader - page 7. (Read 853 times)

May i know what you mean loss time with promissing investment?
Do you think we will lost time and other opportunity if we invest in bitcoin such promissing investment? Not always.
We are different so we have different style how to do our trading. Slow and safety trader or extrim trader. All depend ourselves.

Thanks for adding the less of my post.
In my opinion, i think emotions is similar with greedy. We are always feel like the price will goes up more but we dont know if we dont take the profit then we will be facing the loss.

Thanks for your feedback. Your point is appreciate.
I need such this feedback so all newbie can read here and learn from here together.

I have also observed the frequent mistakes made by traders.
To terminate early, especially lucrative transactions,
to ambition as a result of lost money investments,
and to lose time with promising investments.

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.

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.

Trader should be very fast when something new happens.

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.

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

Good list of the some bad characters that one trader should never have. Yes you are covering few good point here and this is quick tutorial for those who wants to start with new position.

However regarding this point here :


It doesn’t count really because when you are going for the trade you actually have to go for those which you have studied already. So there is no question about POST-Studying them.

There is nothing like fast reaction, as you said with your 2nd point you have to be patient about it. ;-)



It’s all right. At least you are trying. :-)

I think this is good to know specially for newbie who want to start trading.
Skill is number 1 but we can not deny also this characteric because those are very important.

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

Thanks to kevoh

I add this from kolega. Thanks