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Topic: Follows these rules to be a successful trader (Read 1051 times)

full member
Activity: 2548
Merit: 217
February 10, 2019, 06:28:36 PM
Supposedly people want to work in trading that's rules you share is very helpful who want to start in trading to get succeed.
sr. member
Activity: 561
Merit: 250
I am not good in the field of trading. I think these rules can help me to earn a lot of money in trading and further my trading knowledge. This is a great help for me and for new ones in trading. Thank you OP for sharing and long live!
hero member
Activity: 3052
Merit: 606
Sometimes emotional in trading become the biggest enemy in trading,  not patient waiting for best price to buy will make loss. We should be learn more about psychology of trading because according to expert, skill about TA and fundamental is not enough but trader will become successfully if they have good psychology.
Trading using your own emotions is not really a good idea because we should always put in mind that we are here to trade for profits and not for emotional satisfaction.With that,patience is highly needed especially when negative news are already surrounding the crypto market.Learn to be more patient particularly with the current market condition.
sr. member
Activity: 924
Merit: 260
I agree with you of most of the point rise!  Buying at the right time really contributed to around 75% of your trading success.  Many people and new traders always buy when they are ought to selling and vice versa.  I believe that trading is profitable if you really know what to do at the right time.
hero member
Activity: 3010
Merit: 666
This rules is good , because newbie trader will be apply this who are not enough knowledge to trading.
Every tipls, advice and every rules for trading is very important in trader to become successful to earn more money.
These tips will surely make an eye opener not just to the newbies out there but also to majority of the traders.Patience is still the best key to make a successful trading because it will really take time to wait for the right timing to trade and end up profitable.
absolutely because we are patient to wait until the coins that are held have increased, of course we can all get the desired benefits, because the key to trading is to get that big profit by being patient
Patience is the only key but to get big profit, it's just a dream of every investor but we really are not sure if we can get that big profit.

What I mean is that sometimes we go greedy, we always want bigger even though profit is already in front of us and this could lead us failing
to sell at the right timing. It's good to be patient but we should also learn when to pull the sell trigger and that requires specific target.
hero member
Activity: 1008
Merit: 501
This rules is good , because newbie trader will be apply this who are not enough knowledge to trading.
Every tipls, advice and every rules for trading is very important in trader to become successful to earn more money.
These tips will surely make an eye opener not just to the newbies out there but also to majority of the traders.Patience is still the best key to make a successful trading because it will really take time to wait for the right timing to trade and end up profitable.
Yeah thats good tips, I think every trader must have a plan like the tips you give, and they must follow and discipline on that plan. I'm sure if every trader follows the strategies and plans they have made at the start then the risk in trading can be much smaller, people lose money in trading because they are out of control, out of plan, like greedy and so on.
member
Activity: 1204
Merit: 38
CRYPTOCURRENCY BEST RULES. ALWAYS FOLLOW THESE.

#Patience is the key to success in trading

#Never be panic ,never sell in loss if coin is already dump

#Always wait for right time to buy.

#Sell when you feel good.

#Don't fall in love with one coin.

#Don't worry and cry if market will be sudden dump due to bad news.

#Don't enter in the peak value of coin if you have no idea about the achieved target.

#Don't forget stop-loss on support if coin has multiple supports.

#Don't invest in dead coin.

#Trade at your own risk.

#And last dont regret if you sell a coin and coin goes up afterwards ,profit is always profit ,because in both situation you will regret if coin goes down you will say why i didnt sell and if coin goes up you will  say shit ,why i need wait I sell in low price but the thing is profit is always better ,profit is profit ,always set what percentage you want from the particular coin and sell it .Never regret next trade is waiting for you.


IF YOU FOLLOW THESE RULES NO ONE CAN BEAT YOU IN TRADING .
There are those important rules are being implemented by you so the newbies will definitely follow the instruction that he will given in the above are very important to be a good trader so following are some good strategy will also be very helpful for a better theatre
member
Activity: 546
Merit: 32
CRYPTOCURRENCY BEST RULES. ALWAYS FOLLOW THESE.

#Patience is the key to success in trading

#Never be panic ,never sell in loss if coin is already dump

#Always wait for right time to buy.

#Sell when you feel good.

#Don't fall in love with one coin.

#Don't worry and cry if market will be sudden dump due to bad news.

#Don't enter in the peak value of coin if you have no idea about the achieved target.

#Don't forget stop-loss on support if coin has multiple supports.

#Don't invest in dead coin.

#Trade at your own risk.

#And last dont regret if you sell a coin and coin goes up afterwards ,profit is always profit ,because in both situation you will regret if coin goes down you will say why i didnt sell and if coin goes up you will  say shit ,why i need wait I sell in low price but the thing is profit is always better ,profit is profit ,always set what percentage you want from the particular coin and sell it .Never regret next trade is waiting for you.


IF YOU FOLLOW THESE RULES NO ONE CAN BEAT YOU IN TRADING .
the given those rules will very useful for the beginners who are getting interest in trading and they don't have correct guidance to move forward so it will useful for them to how to trade properly without any difficulties.
member
Activity: 616
Merit: 16
i never invested much in coins but i will try hard this year. i spend last year running bounties and it was quite disguesting and frustrating. i ended up missing out on important and quality products. like wanchain, wabi and the rest. this  year i will focus on trading and ICOs. enough of all these bounties.
full member
Activity: 644
Merit: 113
Using a secure and safe wallet for your coin should be added. It is always good to point out that Holders should not kept their investment in a closed source software. Holders shoukd have the full control over their fund, private key should be right in their hand and no need for anyone to keep it. Exchanges and closed source wallet leads your fund in the risk of losing in an instant. It would still be better if holders should keep it in an opensource wallet like HODLER wallet, this assures them the security they need and also help them track any potential vulnerabilities on their funds.
member
Activity: 476
Merit: 10
Sometimes emotional in trading become the biggest enemy in trading,  not patient waiting for best price to buy will make loss. We should be learn more about psychology of trading because according to expert, skill about TA and fundamental is not enough but trader will become successfully if they have good psychology.
full member
Activity: 491
Merit: 105
This tips are very good but to be successful trader, specific amount and time should be listed to give a realistic help for the new traders. So, to be successful you need friends that can helo or brainstorm with you for better analysis.

Soon it will be half a year that passed since that time when this list of the useful tips was published. However, many traders continue to make the same mistakes.
Exactly. A successful trader makes his own rules to become successful and this is equally important for one to do so to be different from the people who follow the same ways of trading and none of them make money. Everything in the end boils down to what type of crypto you invest in the start which is something that determines the growth in the market, the value addition and the time you need to get your portfolio grown etc.
sr. member
Activity: 938
Merit: 250
yes, good advice for traders. but I am not sure all of the suggestions we can do when we trade. theory is indeed easier than practice. when someone is already involved in trading, there will certainly be many factors that will affect our stability in trading. for example, suddenly the need is urgent or something else. it's very difficult to do it all. but I agree with what you say that don't regret when we have stepped up, rest assured that what we do is the right way. like that, whatever happens you won't panic. In essence, in trading, you must be sure that what you are doing is right, and believe you will benefit from the steps you take.
sr. member
Activity: 980
Merit: 294
And this have me think if OP is already a successful trader nor he's rich. Roll Eyes
IMO, being a successful trader is learning from your mistakes and experience tells you so. Even if you follow everything that you hear or read if you're in the actual situation thus you're inexperience you somehow get lost. However eventually as you go along the way you know the things you should avoid and bare in mind that losses are surreal.
full member
Activity: 420
Merit: 102
Yes that all thing is key to get successfully in crypto trading, in my experience in crypto trading, i was loss much money cause greedy, not patient and did not use stop loss. Before take action to trade, we have to know all risk and we should be already have strategies to reduce that risk.
hero member
Activity: 1092
Merit: 501
CRYPTOCURRENCY BEST RULES. ALWAYS FOLLOW THESE.

#Patience is the key to success in trading

#Never be panic ,never sell in loss if coin is already dump

#Always wait for right time to buy.

#Sell when you feel good.

#Don't fall in love with one coin.

#Don't worry and cry if market will be sudden dump due to bad news.

#Don't enter in the peak value of coin if you have no idea about the achieved target.

#Don't forget stop-loss on support if coin has multiple supports.

#Don't invest in dead coin.

#Trade at your own risk.

#And last dont regret if you sell a coin and coin goes up afterwards ,profit is always profit ,because in both situation you will regret if coin goes down you will say why i didnt sell and if coin goes up you will  say shit ,why i need wait I sell in low price but the thing is profit is always better ,profit is profit ,always set what percentage you want from the particular coin and sell it .Never regret next trade is waiting for you.


IF YOU FOLLOW THESE RULES NO ONE CAN BEAT YOU IN TRADING .

All your tips and advises are all true, but on the contrary majority of the traders in this business are not following those advises, maybe of having a greediness behavior on their personality. They always think to earn quickly without feeding themselves about the idea and knowledge which they need to know then first before doing trade in the platform.
full member
Activity: 350
Merit: 102
Yes, these are great tips. For newcomers would be helpful to get to know them.
The main task of the trader is to keep their activities under strict control. A successful trader must plan all his moves for earlier. Cold calculation is the way to success.
No need to succumb to the syndrome of lost profits in the event of a rise in the price of a coin, because you wrote correctly, profit is profit.
member
Activity: 336
Merit: 29
CRYPTOCURRENCY BEST RULES. ALWAYS FOLLOW THESE.

#Patience is the key to success in trading

#Never be panic ,never sell in loss if coin is already dump

#Always wait for right time to buy.

#Sell when you feel good.

#Don't fall in love with one coin.

#Don't worry and cry if market will be sudden dump due to bad news.

#Don't enter in the peak value of coin if you have no idea about the achieved target.

#Don't forget stop-loss on support if coin has multiple supports.

#Don't invest in dead coin.

#Trade at your own risk.

#And last dont regret if you sell a coin and coin goes up afterwards ,profit is always profit ,because in both situation you will regret if coin goes down you will say why i didnt sell and if coin goes up you will  say shit ,why i need wait I sell in low price but the thing is profit is always better ,profit is profit ,always set what percentage you want from the particular coin and sell it .Never regret next trade is waiting for you.


IF YOU FOLLOW THESE RULES NO ONE CAN BEAT YOU IN TRADING .

The rules you put out really very well.
But I think there is not a general formula for success in trading.
If anyone can do all the things you says, thus who will be the winner and who the loser?
jr. member
Activity: 252
Merit: 1
CRYPTOCURRENCY BEST RULES. ALWAYS FOLLOW THESE.

#Patience is the key to success in trading

#Never be panic ,never sell in loss if coin is already dump

#Always wait for right time to buy.

#Sell when you feel good.

#Don't fall in love with one coin.

#Don't worry and cry if market will be sudden dump due to bad news.

#Don't enter in the peak value of coin if you have no idea about the achieved target.

#Don't forget stop-loss on support if coin has multiple supports.

#Don't invest in dead coin.

#Trade at your own risk.

#And last dont regret if you sell a coin and coin goes up afterwards ,profit is always profit ,because in both situation you will regret if coin goes down you will say why i didnt sell and if coin goes up you will  say shit ,why i need wait I sell in low price but the thing is profit is always better ,profit is profit ,always set what percentage you want from the particular coin and sell it .Never regret next trade is waiting for you.


IF YOU FOLLOW THESE RULES NO ONE CAN BEAT YOU IN TRADING .

trade logically. not emotional.
full member
Activity: 588
Merit: 101
This tips are very good but to be successful trader, specific amount and time should be listed to give a realistic help for the new traders. So, to be successful you need friends that can helo or brainstorm with you for better analysis.

Soon it will be half a year that passed since that time when this list of the useful tips was published. However, many traders continue to make the same mistakes.
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