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Topic: If you want to be successful in trading.. - page 14. (Read 1650 times)

full member
Activity: 196
Merit: 103
It depends on the trading style that suits you. many traders is comfortable trading everyday while others are once a week or once a month.

On forex trading they called the short time trader a scalper. while other are day trader. if you are about to keep your position for a month long then you are a long time trader or investor.
full member
Activity: 504
Merit: 102
Don't be hasty to trade every signal day. You just have to find that one trade that can bring you good profits and not painful losses.
Day trading is actually quite risky and newbie might loss very big amount because of panic when market react opposite of their choice. Trading daily with small volume on initial stage before start to play with bigger amount will be wise decision and it help to get used to market and charts.

To become successful day trader, anybody have to spend more than a year in active trading.


Absolutely, successful traders spend more time more than a year  this is because of the trends in price volatility having changing stock makes traders finds the right decision to make it wise. In this situation for newbie doing daytrading, you can not made a prefectly trading because all coin are affected by dip correction of value. So better adjust more time to settle the supply and demand in a market.
member
Activity: 476
Merit: 10
The most difficult thing in trading is keep patient and to manage the emotions. I try to learn it but its hard, all trading strategy is easy to learn it but to keep always patient is hard.
legendary
Activity: 966
Merit: 1006
Don't be hasty to trade every signal day. You just have to find that one trade that can bring you good profits and not painful losses.
Day trading is actually quite risky and newbie might loss very big amount because of panic when market react opposite of their choice. Trading daily with small volume on initial stage before start to play with bigger amount will be wise decision and it help to get used to market and charts.

To become successful day trader, anybody have to spend more than a year in active trading.
full member
Activity: 658
Merit: 103
I have seen a tip from somewhere that in order for you to be become successful always in your trading, you have to to a sniper rather than a machine gunner.. If you trade always see all opportunity, every indicator, every momentum, etc. before starting to trade. Don't be hasty to trade every signal day. You just have to find that one trade that can bring you good profits and not painful losses.
Well that's what we're hoping for to pick the very best coin and leave it be for a couple of months since everyone has their own taste we might find it hard to pick for so many coins out there. That tip is obvious everyone can figure that out themselves picking is the most hard part when it comes to trading, day trades isn't necessary at all as long as you have your holds and a disciplined attitude.
full member
Activity: 294
Merit: 100
Tokenize Fantasy Sports
I think the better thing for newcomers is not using any trading signal service Smiley. Although it can help them at the beginning but they'll lose a lot of thing when they use it. If anyone wanna succeed in trading I think they need to learn about trading, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade in a day Smiley
hero member
Activity: 2268
Merit: 579
Vave.com - Crypto Casino
I have seen a tip from somewhere that in order for you to be become successful always in your trading, you have to to a sniper rather than a machine gunner.. If you trade always see all opportunity, every indicator, every momentum, etc. before starting to trade. Don't be hasty to trade every signal day. You just have to find that one trade that can bring you good profits and not painful losses.

I don't agree with this 100% because I think you can be successful in trading frequently but I think for newcomers it's very good advice. Instead of looking for a good trade to make each day do not restrict yourself to have to make trades. Look for the best opportunities and if there are not any on that day then do not make any trades.
For both the newcomer and long time trader I agree to what the OP said because no one is perfect and if you don't take a step at a time, you'll need up been greedy which will eventually lead to regret.
sr. member
Activity: 798
Merit: 268
A successful trading means a profitable one, we cannot invest on all pumping coins we just need pick the best one and study further. Trading requires a lot of patience and hard work because you really have to monitor your holdings, listen to the news and then make profit through that, keep on learning because this is what you need in order to survive.
hero member
Activity: 2352
Merit: 905
Metawin.com - Truly the best casino ever
Of course you have to find one good deal over everyday trading. It's like this: quality over quantity. Bitcoin price changes everyday, it's possible to make great profit even in this situation but if you want profit without being nervous, just hold it.
And if you want to be successful in trading, you have to love reading and improve your skills in it.
jr. member
Activity: 98
Merit: 1
Yes! I think trading is a continuous assessment of  your trading skills and is s gradual process. One of the easy ways to becoming a successful trader, is to be a student of the Markets.
Think of it as continuing education - traders need to remain focused on learning more each day. Since many concepts carry prerequisite knowledge, it is important to remember that understanding the markets, and all of their intricacies, is an ongoing, lifelong process. The learning process will afford you the opportunity to know the best coin to trade and this will bring huge profit.
sr. member
Activity: 2044
Merit: 314
Vave.com - Crypto Casino
For you to succeed on trading you must equip yourself with lots of information about how this thing works and of course you should have your trading goal because too much greed can put you to a loss. Only few people succeed on trading because cryptomarket are really volatile but its ok as long as you know how to secure profit you are on a safe place.
sr. member
Activity: 1596
Merit: 335
I have seen a tip from somewhere that in order for you to be become successful always in your trading, you have to to a sniper rather than a machine gunner.. If you trade always see all opportunity, every indicator, every momentum, etc. before starting to trade. Don't be hasty to trade every signal day. You just have to find that one trade that can bring you good profits and not painful losses.

Well, if you are a newbie this is a good advice, it's always good not to be hasty when trading. It's better to gain knowledge and experience first because even if there's a good indicator or tip about a coin, it is not 100% credible. Sometimes your instinct and your experience leads you to a good trade. And also, as we all know, doing your homework before doing a trade also helps you make a good trade decision.
legendary
Activity: 1386
Merit: 1001
I think first step to become successful in trading crypto currencies is learning and reading more before starting, and also getting some experience (by risking some small amounts in the first trades). Without good knowledge and experience, it is hard that you get good profit by trading, because it is still very risky field.
sr. member
Activity: 743
Merit: 250
I have seen a tip from somewhere that in order for you to be become successful always in your trading, you have to to a sniper rather than a machine gunner.. If you trade always see all opportunity, every indicator, every momentum, etc. before starting to trade. Don't be hasty to trade every signal day. You just have to find that one trade that can bring you good profits and not painful losses.

This is true, especially for starters with trading world. Knowledge and studying the market, the chart, and choosing the most promising coins or tokens to trade, and the best moments to buy and sell, all this is required to make the highest possible profit, and to minimize the risks of losing.
member
Activity: 126
Merit: 59
I have seen a tip from somewhere that in order for you to be become successful always in your trading, you have to to a sniper rather than a machine gunner.. If you trade always see all opportunity, every indicator, every momentum, etc. before starting to trade. Don't be hasty to trade every signal day. You just have to find that one trade that can bring you good profits and not painful losses.

So what is your question or idea, bro?

If anything, I don't see a lot of meaning and practical utility is such figurative analogies. They may sound nice, catchy, and all that, but how do they translate into actual trading? I for one don't get a slightest clue what is meant by "you have to be a sniper rather than a machine gunner". Do you mean making less trades? Okay, but how do you turn it into more profitable trading at the end of the day? Let's not be hasty, fine, but what should we look for really? I don't think it is a viable approach to ignore signals when you can make money. So how we should distinguish between signals which should trigger our action and which should not?
sr. member
Activity: 644
Merit: 263
I have seen a tip from somewhere that in order for you to be become successful always in your trading, you have to to a sniper rather than a machine gunner.. If you trade always see all opportunity, every indicator, every momentum, etc. before starting to trade. Don't be hasty to trade every signal day. You just have to find that one trade that can bring you good profits and not painful losses.

Yes and that is how the concept of making portfolio and choosing best coins came in. Or at least it looks like that it resembles to something similar as you discuss on your post.

After this we hold for very long time and this trade could turn into limit Tarde thus making it run over few days until our order is executed successfully. This way we loose very little and keep earning more with different coins over the time. If we rush and try to trade more coins in single day then we can expect many broken eggs at the same time. Better hold and trade and have it running smoothly over sometime.
legendary
Activity: 3122
Merit: 1398
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I have seen a tip from somewhere that in order for you to be become successful always in your trading, you have to to a sniper rather than a machine gunner.. If you trade always see all opportunity, every indicator, every momentum, etc. before starting to trade. Don't be hasty to trade every signal day. You just have to find that one trade that can bring you good profits and not painful losses.

Learning + Studying + Understanding + Seriousness = Experience --> Strategy

Experience on actual trades will teach a trader on how to deal with every price trend that they will encountered on the way whether uptrend or downtrend . People don't need to study deep trading terms, chart indicators, fearless forecast using those trading lines and algorithm etc. as long as they understand what they really doing. Like I said, experienced while on progress will make our future trades be successful on long term.

No worries if lose will come on the way as even professional traders still experienced losses as of today. What matters here is, in every losses, a new lesson is given to us and that will be our key on our next trading move.
sr. member
Activity: 602
Merit: 252
I have seen a tip from somewhere that in order for you to be become successful always in your trading, you have to to a sniper rather than a machine gunner..

This is completely dependent on the combat range, which in this case is the continuous fluctuation of price for any token. Long range sniping i.e long term holding is ideal given it comes with patience, but machine gunning with good recoil control i.e making the right calls during day trading can also net decent profit.
full member
Activity: 686
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
I have seen a tip from somewhere that in order for you to be become successful always in your trading, you have to to a sniper rather than a machine gunner.. If you trade always see all opportunity, every indicator, every momentum, etc. before starting to trade. Don't be hasty to trade every signal day. You just have to find that one trade that can bring you good profits and not painful losses.

I agree with you that we have to keep try ( practice ) to find the best strategy but I'm not see all aspect. Just use technical method ( MA & MACD ) in long term period ( monthly ) and use martiangle money management is enough for me. Never follow other signal but trust my skill only.
hero member
Activity: 583
Merit: 503
Yep, agreed with the reply above me that patience and 'sniping' significant oppertunities are crucial things when you're not a complete pro on the trading market. Tried day-trading myself when I was a total n00b and the results weren't satisfying to say the least. Watching the action largely from the sideline definitely is more effective in my case at least, though months can pass before a profitable move on the cryptomarket can be made.
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