Topic: How to Think Profitably - a Trader’s Mindset (Read 841 times)

That is a nice set of rules a trader should have to follow after his investment. However there are certain things that need to be understood and the important are you investment decisions and your research about a particular coin. The coin you want to invest in and trade in. You need to be well versed about such coins and only then I think trading could be profitable.

As a trader we don't have to analyse much about potential level of a coin,we have to analyse the price chart and how it will be reacting in the recent future will be enough,because we are going to trade those coins much often so we can get the profits and change the coin if there is necessary due to the downfall on the pevious coin.

That is great, and that is what we need to do related to the market situations. It's not a problem if we could take a very low profit, but if we can repeat the process over and over, I am sure that in one day, we can make much profit. Besides that, I am sure that you can improve your skills in trading so you can be able to make more profit in the future. I have the same experience as you, and I am fine with low profit because I am sure that in the end, we can collect much profit and you already prove it.

I always set up a very low profit when placing selling orders. This brings me a decent profit everyday from $20 to $25 which is so good taking from $500. This indeed pushes me to learn more trading practically and multiple my invested amount.This is the way i grow my fund in trading

Good read mate, and I somehow agree. I think what this strategy likes to front is the fact that trading is a science, and so, it should be measured through terms that can be quantified. I agree on that idea because some people just like to randomly choose some coins and bet on it, without actually looking behind its history and in its background to them that idea that having to strategize to gain big through trading is possible. Many of the seasoned and successful traders have often stated that there's a lot of data gathering and appraisal that is connected with making it big with the cryptocurrency market. If one is not patient enough to do some road work, then it would be highly unlikely for them to succeed.

What’s the difference between a winning trader and a losing trader? It’s not that one is smarter than the other, or that one is luckier than the other. Sure, maybe having the right tools and the best information helps, but what separates a winning trader from a losing trader is their mindset.

A mindset is how one perceives the world. It’s how a person absorbs the information around them, and chooses to either take action or not.

The most important mindset for a trader, new or experienced, is to consider decisions/trades/positions/investments through the lens of risk versus reward. A winning trader defines their risk and sets a target for their reward. There are lots of ways to do that, worthy of plenty Reddit posts on their own, but the critical learning is that the trader makes a plan based on solid logic, not emotion.

Once a plan is established, with a focus on risk:reward, the next piece of the mindset puzzle is sticking to the plan. This is accomplished through discipline. Only through discipline can you take your plan, and execute it over and over again so that you can measure it.

"If you can’t measure it, you can’t improve it." - Peter Drucker

The best way to measure your trading results is by keeping a trading journal. My personal journaling tool was built for Voodoo Crypto, but there are plenty of free ones if you google it. When looking for a journal or template, make sure to consider journaling both each individual trade as well as each trading session. Break down the numbers for every trade, and reflect on your performance and emotions for each session.

After the data has been analyzed and the journal reviewed, you make tweaks to your plan to attempt to maximize profitability. A winning trader understands that they don’t win every time, that losing trades is a fact of trading. However, they can answer whether they win more than they lose and have the stats to back it up.

If you want more hands on guidance and education check out Voodoo Crypto.

What’s the difference between a winning trader and a losing trader? It’s not that one is smarter than the other, or that one is luckier than the other. Sure, maybe having the right tools and the best information helps, but what separates a winning trader from a losing trader is their mindset.

A mindset is how one perceives the world. It’s how a person absorbs the information around them, and chooses to either take action or not.

The most important mindset for a trader, new or experienced, is to consider decisions/trades/positions/investments through the lens of risk versus reward. A winning trader defines their risk and sets a target for their reward. There are lots of ways to do that, worthy of plenty Reddit posts on their own, but the critical learning is that the trader makes a plan based on solid logic, not emotion.

Once a plan is established, with a focus on risk:reward, the next piece of the mindset puzzle is sticking to the plan. This is accomplished through discipline. Only through discipline can you take your plan, and execute it over and over again so that you can measure it.

"If you can’t measure it, you can’t improve it." - Peter Drucker

The best way to measure your trading results is by keeping a trading journal. My personal journaling tool was built for Voodoo Crypto, but there are plenty of free ones if you google it. When looking for a journal or template, make sure to consider journaling both each individual trade as well as each trading session. Break down the numbers for every trade, and reflect on your performance and emotions for each session.

After the data has been analyzed and the journal reviewed, you make tweaks to your plan to attempt to maximize profitability. A winning trader understands that they don’t win every time, that losing trades is a fact of trading. However, they can answer whether they win more than they lose and have the stats to back it up.

If you want more hands on guidance and education check out Voodoo Crypto.

I believe it's all in the mindset. It may not be easy but with the right ideas and fundamental knowledge then it can be realized. Focus on profitability, profitable thinking does not only mean that you're effective and efficient, you have to be a true problem solvers. Complexity is the number 1 killer to successful trading. Trading should be simple in order to be profitable. You have to understand what you want to achieve, develop a trading strategy. Keep your emotions separate from trading.

In the first the first place, you must set your goal here in crypto trading pal.
Like You should know what coins you are going to trade or buy, then know the flow of their
plan too, also find out how many community they have who supported their coins, and
last the volume in the market must have a high demand and high buyers most of the time.
These are some of the factors you need to consider for you to have a profitable things
in crypto trading.

What’s the difference between a winning trader and a losing trader? It’s not that one is smarter than the other, or that one is luckier than the other. Sure, maybe having the right tools and the best information helps, but what separates a winning trader from a losing trader is their mindset.

A mindset is how one perceives the world. It’s how a person absorbs the information around them, and chooses to either take action or not.

The most important mindset for a trader, new or experienced, is to consider decisions/trades/positions/investments through the lens of risk versus reward. A winning trader defines their risk and sets a target for their reward. There are lots of ways to do that, worthy of plenty Reddit posts on their own, but the critical learning is that the trader makes a plan based on solid logic, not emotion.

Once a plan is established, with a focus on risk:reward, the next piece of the mindset puzzle is sticking to the plan. This is accomplished through discipline. Only through discipline can you take your plan, and execute it over and over again so that you can measure it.

"If you can’t measure it, you can’t improve it." - Peter Drucker

The best way to measure your trading results is by keeping a trading journal. My personal journaling tool was built for Voodoo Crypto, but there are plenty of free ones if you google it. When looking for a journal or template, make sure to consider journaling both each individual trade as well as each trading session. Break down the numbers for every trade, and reflect on your performance and emotions for each session.

After the data has been analyzed and the journal reviewed, you make tweaks to your plan to attempt to maximize profitability. A winning trader understands that they don’t win every time, that losing trades is a fact of trading. However, they can answer whether they win more than they lose and have the stats to back it up.

If you want more hands on guidance and education check out Voodoo Crypto.

That is a nice set of rules a trader should have to follow after his investment. However there are certain things that need to be understood and the important are you investment decisions and your research about a particular coin. The coin you want to invest in and trade in. You need to be well versed about such coins and only then I think trading could be profitable.

Interesting information, the basis of everything is a mindset. What I get here is the core of the trader is that he is ready to lose, not always profitable.
I want to share a few tips for traders.
1. Professional traders always control themselves, not control the market.
2. Professional traders know that emotions are the main enemy of achieving success.
3. Professional traders do not intervene in the trading positions they have opened.
4. The way you think will determine your trading habits.

What’s the difference between a winning trader and a losing trader? It’s not that one is smarter than the other, or that one is luckier than the other. Sure, maybe having the right tools and the best information helps, but what separates a winning trader from a losing trader is their mindset.

A mindset is how one perceives the world. It’s how a person absorbs the information around them, and chooses to either take action or not.

The most important mindset for a trader, new or experienced, is to consider decisions/trades/positions/investments through the lens of risk versus reward. A winning trader defines their risk and sets a target for their reward. There are lots of ways to do that, worthy of plenty Reddit posts on their own, but the critical learning is that the trader makes a plan based on solid logic, not emotion.

Once a plan is established, with a focus on risk:reward, the next piece of the mindset puzzle is sticking to the plan. This is accomplished through discipline. Only through discipline can you take your plan, and execute it over and over again so that you can measure it.

"If you can’t measure it, you can’t improve it." - Peter Drucker

The best way to measure your trading results is by keeping a trading journal. My personal journaling tool was built for Voodoo Crypto, but there are plenty of free ones if you google it. When looking for a journal or template, make sure to consider journaling both each individual trade as well as each trading session. Break down the numbers for every trade, and reflect on your performance and emotions for each session.

After the data has been analyzed and the journal reviewed, you make tweaks to your plan to attempt to maximize profitability. A winning trader understands that they don’t win every time, that losing trades is a fact of trading. However, they can answer whether they win more than they lose and have the stats to back it up.

If you want more hands on guidance and education check out Voodoo Crypto.

Anyhow, it is always necessary to read the people's thoughts about trading and strategies of this business. Even if you do not use them, you will find something very useful for you.

If we have a positive mindset, will surely affect our trading course. Profits will depend on the market design, strategies we apply(as a trader) and a right choice of coins. Even though we want more profits (as it is in our mind) but it never be that easy and it needs us to work it well .
We know already how crypto market play's and it gonna be between us on how to make deal with it.

I am not keeping any trading journal and I am very much interested on that. Been planning to download and try it. Since i want to track all my mistakes and my performance in trading.
Also, having a positive mindset in trading is a great help. But you don't have to be overly confident that you have a positive mindset, continue learning what you lack of strategies and styles.

Each person has different thought about this thing but I don't understand when people says about some a ways that should be done by everyone to make a profit but he he doesn't know that each strategy always different. For instance strategy A suitable for people A and strategy B just suitable for people B, that is as far as I know when I start trading. However, for the something that all peole have a same thing is learn from the experience. This is so important to be a trader, you will have profit consistent if you did evaluation on each trading that you made. Because all of day we see the same chart and also we use the same factor to make our predict true.

That was right, having a winning mindset in trading has a good impact while you are in trading. It contributes good emotion which contributes also to having positive vibes and may increase and boost your mentality function which is lead to having success in trading. Psychological mindset is very important when it comes in trading and think how profitable it is.