# Patience
# Updated knowledges about multiple projects
# Trading skill
# strong mind setup
In many cases losers have some of these things but the difference is that he can't apply all in a proper way.
Topic: How to Think Profitably - a Trader’s Mindset - page 2. (Read 841 times)
Winner have got couple of things such as;
# Patience
# Updated knowledges about multiple projects
# Trading skill
# strong mind setup
In many cases losers have some of these things but the difference is that he can't apply all in a proper way.
# Patience
# Updated knowledges about multiple projects
# Trading skill
# strong mind setup
In many cases losers have some of these things but the difference is that he can't apply all in a proper way.
It's a clear statement on how traders can manage this business with much higher confidence and much better chances, it's not an easy go richness scheme as it's composed of many factors to consider each time you make your entry positions, every traders have it's own way on how to escalate their trading business, you need to work with high analyzation skills and good judgement base from how you understand the market movements.
With good discipline within you, you are adding clear insight and good anticipations to what market can bring you.
With good discipline within you, you are adding clear insight and good anticipations to what market can bring you.
Quote from: Mr_Akbar
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.
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.
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.
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.
Being a trader is not just about formulating better strategies and performing more extensive analysis, but is also about developing a winning mindset. What separates a winning trader from a losing one? it’s not that winning traders formulate better trading strategies, it’s not that winning traders are smarter, it’s not that winning traders do better market analysis. What separates a winning trader from a losing trader is their psychological mindset.
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.
We know already how crypto market play's and it gonna be between us on how to make deal with it.
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.
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.
Being a trader is not just about formulating better strategies and performing more extensive analysis, but is also about developing a winning mindset. What separates a winning trader from a losing one? it’s not that winning traders formulate better trading strategies, it’s not that winning traders are smarter, it’s not that winning traders do better market analysis. What separates a winning trader from a losing trader is their psychological mindset.
I also read that to keep a journal for the trader is a must. It clearly shows your results and serves as a great way to correct your mistakes.
A regular review of one's trading journal is definitely important. Having your trades evaluated by other traders can be beneficial, too. 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.
I also read that to keep a journal for the trader is a must. It clearly shows your results and serves as a great way to correct your mistakes.
A regular review of one's trading journal is definitely important. Having your trades evaluated by other traders can be beneficial, too. 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.
I would say, complete study and hands on practice, would lead you to success in trading. Spend enormous time analyzing the market growth, updating oneself with current news on whats going on in the market and practicing trading investing decent amount into it. The more time you spend in upgrading / updating yourself with current market movement, the more success you will be.
That's a more realistic approach, you don't just think positive of being profitable without doing an effort to make it happen. With your love on what you are doing, you can grow more and succeed as a trader.
Our journey as a trader will always continue, we never stop learning especially in this very unpredictable market.
Every information matters as that is necessary for our analysis.
First we need to drink profitably then the the success will be going with good and positive direction and profitable traders are came along with the development of Bitcoin in a long period of time so the experience will make a person into a profitable person in 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.
yes you are absolutely right the mindset of a profitable trader will definitely been different when comparing to the the struggling trader mostly they experience the people get successful in Crypto trading and people who are using the Bitcoin from a long period of time will definitely been profitable and successful. 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 would say, complete study and hands on practice, would lead you to success in trading. Spend enormous time analyzing the market growth, updating oneself with current news on whats going on in the market and practicing trading investing decent amount into it. The more time you spend in upgrading / updating yourself with current market movement, the more success you will be.
I would agree with much of that. Education and experience are both critically important for trading. Though, you can lean on the experience of others if you know where to find mentors and/or a supportive community. I would say though, that one doesn't need to spend enormous amounts of time trading or analyzing. I definitely spend a lot of time doing it, but that's because I'm passionate about it and my day trading strategy has me dipping in and out of coins in minutes/hours.
I would say, complete study and hands on practice, would lead you to success in trading. Spend enormous time analyzing the market growth, updating oneself with current news on whats going on in the market and practicing trading investing decent amount into it. The more time you spend in upgrading / updating yourself with current market movement, the more success you will be.
yes a good mindset will make your mood good too and when it is applied in every trade you do it will certainly bring a calm effect that will make you more confident to take every good decision in the end, this is very important because in our trade must make choices that at least must be fast so that we can make decisions at the right time
To be positive in what you are doing is helpful because it creates a winning mindset and even if you are losing, that positive mindset will lead you to be calm and have expectation for the best to come later.
Yes traders must have winning mindset because that is the only key to become successful and to avoid doing mistakes. But unfortunately what i've noticed nowadays mostly traders only relying on other ppl suggestion and seems like they don't have their own plan or strategy because they always change mindset without specific theology .i hope everyone will read this so that they become interested to build their own winning mindset not forever relying on other ppl work or strategy which is you have no idea if its really reliable. Btw op that is very informative. Thanks for sharing.
the most important thing in trading based on what I have seen so far is experience you can call it mindset, luck, plan, ... but in the end only experience matters. for example the mindset of being able to make decisions under different circumstances in the market requires the trader to have experienced similar situations so that he can know what is the best course of action based on actions he had made in the past both good ones and also those that were mistakes.
although it may sound hard but it is not really. it only takes time for a trader to gain that experience but they will only gain it if they are trying to gain experience which means analyzing their trading history, analyzing their mistakes and most important of all to watch the market and charts for hours.
although it may sound hard but it is not really. it only takes time for a trader to gain that experience but they will only gain it if they are trying to gain experience which means analyzing their trading history, analyzing their mistakes and most important of all to watch the market and charts for hours.
One thing many good traders recognize is that you do not always have to be trading; if you don’t feel comfortable with current market conditions and are unsure of what to do, simply don’t trade. Better to have money sitting on the sidelines waiting for a better entry than money being lost because you decided to open a trade at a bad time. I typically don’t trade in a bad mood either, as this can influence my decisions negatively and result in losses.
If you really want to learn you should never stop no matter what hindrance is on your way, don't just look at how much money you have lost or how much you do have earned. It's not all about the money if you have the dedication to learn and to self-study, sooner or later all of your hard work will pay you off without even noticing you are the master of your own.
I believe interest is above all. To succeed in certain field and trading, you most be interested in that thing. It is the interest that will make you have the passion. You must like that thing and everything about it and that is why you won't running away if the going gets tougher. I mean when you keep getting loses, the interest will keep you going.
When someone is more successive trader then he need to think out of the box,we can't get more profits by following others.A successful trader will put more effort to reach the goal but a losing trader don't have clear mindset of where we are heading.
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