Journey of a successful trader - page 3.

AakZaki

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Quote from: Japinat on February 24, 2022, 04:44:57 PM

Experience will always be as essential as it is, as not only trading psychology will be enhanced, but a lot of things that needs improvement will be given chances to be developed more. And these includes the strategies that you have to use in real trading as you need not just luck but proven skills and strategies that will make you win your trades. And the more you put them in practice, though you can't be a perfect trader, but at least you can master your skills and strategies.

yes of course, many things still need to be learned to master the science of trading. Technical analysis, good management, Fundamental analysis and several other aspects.
As time goes by and continues to learn everything will be mastered. What should be a guideline is that trading is not just buying and selling, but there are things at stake there and trading must be done wisely and correctly.

kawetsriyanto

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duelbits.com

Quote from: Ararbermas on February 19, 2022, 04:05:22 AM

"a journey to become a successful trader". .

There is no easy in reaching successful as becoming a trader.
I believe that there are so many things behind the word "successful traders".
There are many trials and errors, frustrations, sadness, disappointment, hard work, and also other things related to having better conditions, proper strategy, and also good management of trading.
There may be also many people who give up during the journey, not only because they are losing hope but also the conditions that cannot fit them to stay as a trader.
That is why, I really appreciated those who have been successful traders, it is not easy of course.

Quote from: Sanitough on February 24, 2022, 04:36:06 PM

I believe its always an advantage if we can follow certain rules to achieve our goals specially in trading but there is always a different scenario when we're already in real trading.

Yes, they are. And we also need to fit with our own condition and strategies so that it will be exactly proper for us. Everybody may have different strategy and management, but considering other devices and rules will help us to widen our minds and thought to make better and better strategy for us

Japinat

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Quote from: AakZaki on February 24, 2022, 04:37:08 PM

Quote from: awik p on February 23, 2022, 12:17:31 PM

to hone prowess in trading, it is necessary to go directly to real trading. because there will be some things that cannot be learned in demo trading, namely trading psychology. people who learn from the demo and feel they have mastered trading, it is not necessarily that they will be able to survive in real trading. of course this is different and will encounter new difficulties in real trading

Talking about trading psychology, it is a very important thing to learn. Psychology will determine the direction of trading and determine every decision taken. If the psychology is still weak, the trading strategy will not work well. Many trading professionals lose because their psychology is not good. practice and continued practice will make psychology more trained, so it will not be a problem when facing a bad market.

Experience will always be as essential as it is, as not only trading psychology will be enhanced, but a lot of things that needs improvement will be given chances to be developed more. And these includes the strategies that you have to use in real trading as you need not just luck but proven skills and strategies that will make you win your trades. And the more you put them in practice, though you can't be a perfect trader, but at least you can master your skills and strategies.

AakZaki

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zknodes.org

Quote from: awik p on February 23, 2022, 12:17:31 PM

to hone prowess in trading, it is necessary to go directly to real trading. because there will be some things that cannot be learned in demo trading, namely trading psychology. people who learn from the demo and feel they have mastered trading, it is not necessarily that they will be able to survive in real trading. of course this is different and will encounter new difficulties in real trading

Talking about trading psychology, it is a very important thing to learn. Psychology will determine the direction of trading and determine every decision taken. If the psychology is still weak, the trading strategy will not work well. Many trading professionals lose because their psychology is not good. practice and continued practice will make psychology more trained, so it will not be a problem when facing a bad market.

Sanitough

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Quote from: ?? on ??

I really appreciate all the points you have mentioned above as it will really help those who are new to the crypto currency trading. But the truth is that is easy to say than done particularly when it comes to crypto currency trading because if real money is involved emotion will be difficult to separate when making your trading decision and that has impact on one trading decision.

I believe its always an advantage if we can follow certain rules to achieve our goals specially in trading but there is always a different scenario when we're already in real trading. Yes, emotions can be very detrimental but if we will control it, we can expect positive results in trading. However, to be a successful trader, its not only based on the steps and strategies alone, but your attitude towards trading and the positive mindset that a trader should have will always matter the most.

Webetcoins

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Leading Crypto Sports Betting & Casino Platform

If you want your trade to be successful, then you will have to be testing your trade like a real business, and that’s the only way it’s going to be successful. When you start up a business, there are certain rules you’ve got to maintain, and if you don’t maintain these rules, then your business will fall. So that’s the same thing with trading, you have got to treat it like a real business.

Some people don’t, they just see trading as a way for them to quickly cash in, because of stories they might have heard, so they would be in a hurry, not knowing that trading is something that requires time for you to prepare yourself before you even think of trading with actual money. If you don’t do it this way, and rather choose the fast way, it’s a fail for you.

Jazzi Mahesh

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Successful day trading usually requires a lot of effort to develop the necessary skills. Many day traders have some innate qualities to get started, but must work on others. Successful traders develop discipline, patience, adaptability, mental toughness, independence, and forward thinking.

andriarto

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Quote from: TravelMug on February 23, 2022, 08:29:21 PM

Quote from: Hobo66 on February 23, 2022, 01:09:23 PM

There will be many roadblocks in your path at first, as it is obvious that nothing comes quickly and that success takes time. I had a lot of challenges at first, but as time went on, I learned more about what was important, and learning made it easier for me to generate money. The way you explain it is excellent, but it would be even better if others were aware of it. It is critical to realize something. You can be robbed of success if you don't know something.

Some are really fast learners, so they were able to navigate crypto trading very easily and adopted to it. Maybe they don't have experience, or those who have been in stocks that have shifted to crypto. But for the rest of us, it might take years and years and lots of money lost to really understand the market ins and out. So it's not that easy for us, but hey, we just needed a first time and be patient in order to succeed in this field.

In the beginning, apart from losing a lot of money because of the pursuit of experience in trading, of course a trader will be confused by price fluctuations and their analysis, but of course for those who want to learn from experience, they will become more established over time to determine the direction of the market, considering that a good view will be formed. as a result of often facing the market with various situations

lixer

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Quote from: noormcs5 on February 23, 2022, 07:33:18 AM

Quote from: Issa56 on February 22, 2022, 08:03:36 PM

I believe most of us really lose money when we started trading, because we don't really have proper understanding about trading, nobody taught me how to trade, so I learn trading the hard way, I was watching tutorial videos and I was reading books but I was unlucky because non of those videos i watched tells me I can lose all my money in cryptocurrency trading, most of those videos only talk about making profit so I was deceived until I started trading before I know the reality.

Well, if you learn to trade and avoid high leverages, it is very likely that you will not lose all of your capital in trading. Most people are greedy and take high leverages which result in complete loss of capital.

Even if you learn trading, you need to know that it is still highly risky. You need to apply the risk management and money management strategies along with technical analysis, if you want to be on the safe side.

It is already in the word " high" which means there is greater risk involved and yet they still try it, no wonder why they got busted but if the word high is not obvious to them, they should have use the search function instead to know if what high leverages mean.

@Issa56 ouch bro that's sad to hear but i think the reason why all the videos that you saw or the books that you read mostly talk about profit is because you also search for it. We know as a beginner we want to earn immediately and we are not really interested in the whole lesson that talks about the disadvantages or the risk because that is boring to us but that's good that you learned your lesson already.

TravelMug

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Quote from: Hobo66 on February 23, 2022, 01:09:23 PM

There will be many roadblocks in your path at first, as it is obvious that nothing comes quickly and that success takes time. I had a lot of challenges at first, but as time went on, I learned more about what was important, and learning made it easier for me to generate money. The way you explain it is excellent, but it would be even better if others were aware of it. It is critical to realize something. You can be robbed of success if you don't know something.

Some are really fast learners, so they were able to navigate crypto trading very easily and adopted to it. Maybe they don't have experience, or those who have been in stocks that have shifted to crypto. But for the rest of us, it might take years and years and lots of money lost to really understand the market ins and out. So it's not that easy for us, but hey, we just needed a first time and be patient in order to succeed in this field.

South Park

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Quote from: Issa56 on February 22, 2022, 08:03:36 PM

Quote from: Quidat on February 22, 2022, 07:54:54 PM

For most noobs then they are the ones who do lack knowledge as always or do make out direct engagement without even knowing with the basics.They would
only learn up when they had lost their capital which is a common thing.Even myself when im still a newbie does really believe that trading is easy until reality
slap you into the face and made you realize that you are dealing in something which couldnt really be predicted.

I believe most of us really lose money when we started trading, because we don't really have proper understanding about trading, nobody taught me how to trade, so I learn trading the hard way, I was watching tutorial videos and I was reading books but I was unlucky because non of those videos i watched tells me I can lose all my money in cryptocurrency trading, most of those videos only talk about making profit so I was deceived until I started trading before I know the reality.

What happens is that no matter how much you read about trading you are never going to be fully prepared and you will need to learn on the fly as everyone else, after all it does not matter how much you prepare yourself the markets will always throw at you something that you are not expecting and this is going to force you to improvise, and as you do not have any experience then it is natural that you will make mistakes along the way.

Hobo66

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There will be many roadblocks in your path at first, as it is obvious that nothing comes quickly and that success takes time. I had a lot of challenges at first, but as time went on, I learned more about what was important, and learning made it easier for me to generate money. The way you explain it is excellent, but it would be even better if others were aware of it. It is critical to realize something. You can be robbed of success if you don't know something.

awik p

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Pepemo.vip

Quote from: darewaller on February 23, 2022, 10:41:56 AM

Quote from: Coin_trader on February 22, 2022, 01:16:47 AM

Quote from: rhomelmabini on February 21, 2022, 10:38:31 PM

I don't think you can control your emotions while on a demo trade account, it's a different thing when there's a monetary value is on the line compare to just a free one. The purpose for a demo account is to learn while you aren't yet ready, hands-on learning is the best experience at all.

Fair point, Demo trading main purpose is to test the strategy that trader planning to do on actual trading. There's no such thing as emotion while trading because you need to rely solely on your strategy no matter what happened that's why you need demo trading to back test the profitability of the strategy that you come up.

If a trader strategy is still being affected by emotion. He or she need to halt on trading and practice more until he became confident on hist strategy. You will not gonna worry on your trading if you have faith on your setup.

Demo trading doesn't mean that if you are great there then 100% chance you will be great in real trading as well. However, it means that if you are horrible at demo trading then you are going to be 100% terrible in real trading as well.

It means that you need to be first get great at demo trading and after you are getting great there then you will start with the real thing and then you will not be as good as you were in demo but at the very end you are going to be not that terrible, or at least not have any guarantee that you will be terrible. That is why starting out with a demo account first and learning the ropes and checking your strategies and seeing if you really understood the market and trading or not would be a great "start" and not really a way to hone your skills to be great.

to hone prowess in trading, it is necessary to go directly to real trading. because there will be some things that cannot be learned in demo trading, namely trading psychology. people who learn from the demo and feel they have mastered trading, it is not necessarily that they will be able to survive in real trading. of course this is different and will encounter new difficulties in real trading

darewaller

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Quote from: Coin_trader on February 22, 2022, 01:16:47 AM

Quote from: rhomelmabini on February 21, 2022, 10:38:31 PM

I don't think you can control your emotions while on a demo trade account, it's a different thing when there's a monetary value is on the line compare to just a free one. The purpose for a demo account is to learn while you aren't yet ready, hands-on learning is the best experience at all.

Fair point, Demo trading main purpose is to test the strategy that trader planning to do on actual trading. There's no such thing as emotion while trading because you need to rely solely on your strategy no matter what happened that's why you need demo trading to back test the profitability of the strategy that you come up.

If a trader strategy is still being affected by emotion. He or she need to halt on trading and practice more until he became confident on hist strategy. You will not gonna worry on your trading if you have faith on your setup.

Demo trading doesn't mean that if you are great there then 100% chance you will be great in real trading as well. However, it means that if you are horrible at demo trading then you are going to be 100% terrible in real trading as well.

It means that you need to be first get great at demo trading and after you are getting great there then you will start with the real thing and then you will not be as good as you were in demo but at the very end you are going to be not that terrible, or at least not have any guarantee that you will be terrible. That is why starting out with a demo account first and learning the ropes and checking your strategies and seeing if you really understood the market and trading or not would be a great "start" and not really a way to hone your skills to be great.

noormcs5

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Quote from: Issa56 on February 22, 2022, 08:03:36 PM

Quote from: Quidat on February 22, 2022, 07:54:54 PM

For most noobs then they are the ones who do lack knowledge as always or do make out direct engagement without even knowing with the basics.They would
only learn up when they had lost their capital which is a common thing.Even myself when im still a newbie does really believe that trading is easy until reality
slap you into the face and made you realize that you are dealing in something which couldnt really be predicted.

I believe most of us really lose money when we started trading, because we don't really have proper understanding about trading, nobody taught me how to trade, so I learn trading the hard way, I was watching tutorial videos and I was reading books but I was unlucky because non of those videos i watched tells me I can lose all my money in cryptocurrency trading, most of those videos only talk about making profit so I was deceived until I started trading before I know the reality.

Well, if you learn to trade and avoid high leverages, it is very likely that you will not lose all of your capital in trading. Most people are greedy and take high leverages which result in complete loss of capital.

Even if you learn trading, you need to know that it is still highly risky. You need to apply the risk management and money management strategies along with technical analysis, if you want to be on the safe side.

Vaculin

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Winding down.

Quote from: Mahanton on February 22, 2022, 09:16:39 PM

Quote from: Issa56 on February 22, 2022, 08:03:36 PM

Quote from: Quidat on February 22, 2022, 07:54:54 PM

For most noobs then they are the ones who do lack knowledge as always or do make out direct engagement without even knowing with the basics.They would
only learn up when they had lost their capital which is a common thing.Even myself when im still a newbie does really believe that trading is easy until reality
slap you into the face and made you realize that you are dealing in something which couldnt really be predicted.

I believe most of us really lose money when we started trading, because we don't really have proper understanding about trading, nobody taught me how to trade, so I learn trading the hard way, I was watching tutorial videos and I was reading books but I was unlucky because non of those videos i watched tells me I can lose all my money in cryptocurrency trading, most of those videos only talk about making profit so I was deceived until I started trading before I know the reality.

Those mistakes would be your best teacher which you should really bare that up in mind because you wouldnt progress out if you wont learn on real experience.
Becoming successful is really something that you should need to achieve on via effort and time spent and of course this is something cant be attain overnight.
You would experience lots of losses before you do learn which is part of trial and error process.

In trading, always anticipate that losses are more frequent to happen than winning all your trades. This is because trading is hard and risky, and its not easy to manipulate your trades because of the unpredictable market. This is why OP has come up with trading procedures that will make a successful trader. But honestly, most of them will be forgotten when you are in the real field already as you will only use those most effective strategies that will make you win your trade, to overcome the number of losses that you have in the past.

Mahanton

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Quote from: Issa56 on February 22, 2022, 08:03:36 PM

Quote from: Quidat on February 22, 2022, 07:54:54 PM

For most noobs then they are the ones who do lack knowledge as always or do make out direct engagement without even knowing with the basics.They would
only learn up when they had lost their capital which is a common thing.Even myself when im still a newbie does really believe that trading is easy until reality
slap you into the face and made you realize that you are dealing in something which couldnt really be predicted.

I believe most of us really lose money when we started trading, because we don't really have proper understanding about trading, nobody taught me how to trade, so I learn trading the hard way, I was watching tutorial videos and I was reading books but I was unlucky because non of those videos i watched tells me I can lose all my money in cryptocurrency trading, most of those videos only talk about making profit so I was deceived until I started trading before I know the reality.

Those mistakes would be your best teacher which you should really bare that up in mind because you wouldnt progress out if you wont learn on real experience.
Becoming successful is really something that you should need to achieve on via effort and time spent and of course this is something cant be attain overnight.
You would experience lots of losses before you do learn which is part of trial and error process.

Issa56

hero member

Activity: 1484

Merit: 928

Quote from: Quidat on February 22, 2022, 07:54:54 PM

For most noobs then they are the ones who do lack knowledge as always or do make out direct engagement without even knowing with the basics.They would
only learn up when they had lost their capital which is a common thing.Even myself when im still a newbie does really believe that trading is easy until reality
slap you into the face and made you realize that you are dealing in something which couldnt really be predicted.

I believe most of us really lose money when we started trading, because we don't really have proper understanding about trading, nobody taught me how to trade, so I learn trading the hard way, I was watching tutorial videos and I was reading books but I was unlucky because non of those videos i watched tells me I can lose all my money in cryptocurrency trading, most of those videos only talk about making profit so I was deceived until I started trading before I know the reality.

Quidat

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Quote from: Issa56 on February 22, 2022, 07:07:31 PM

Most of the people trading currently don't really know the basics of trading, most of them don't even know what cryptocurrency is all about, they just hear people talking about trading and they also decided to jump into it which they always endup losing money. Most of them don't even know the appropriate platform to use in trading, and they don't know the right coin to buy and when to buy a particular coin, they just believe cryptocurrency trading is all about buying a coin when they think the price is low and selling when the price is high and I believe cryptocurrency trading is more than that. I believe if you follow the steps that are been mentioned by Ararbermas It will really help newbies in trading.

For most noobs then they are the ones who do lack knowledge as always or do make out direct engagement without even knowing with the basics.They would
only learn up when they had lost their capital which is a common thing.Even myself when im still a newbie does really believe that trading is easy until reality
slap you into the face and made you realize that you are dealing in something which couldnt really be predicted.

Issa56

hero member

Activity: 1484

Merit: 928

Most of the people trading currently don't really know the basics of trading, most of them don't even know what cryptocurrency is all about, they just hear people talking about trading and they also decided to jump into it which they always endup losing money. Most of them don't even know the appropriate platform to use in trading, and they don't know the right coin to buy and when to buy a particular coin, they just believe cryptocurrency trading is all about buying a coin when they think the price is low and selling when the price is high and I believe cryptocurrency trading is more than that. I believe if you follow the steps that are been mentioned by Ararbermas It will really help newbies in trading.

Topic: Journey of a successful trader - page 3. (Read 752 times)