Topic: Master the trading - page 2. (Read 3034 times)
Every serious trader has rules regarding when to enter and exit a trade. Before entering a trade it is really helpful for you, if you write three numbers: the entry, the target and the stop. What you should know as a trader, when you trade currencies, is that you either need to take a very long-term view and ignore daily fluctuations, or day-trade and avoid overnight positions. There is nothing, not a system or rules that can guarantee you to succeed all the time. This is why it's important to have risk control as an essential part of every trader. The incapacity of managing losses is one of the worst things a trader can have.
They say that day trading is a skill, so practicing should make you good at it right? How long someone from newbie to advanced should spend to be considered good?
To me trading is more of an art and a journey of ones self. Some technical skills are necessary but knowing yourself is an absolute must. If you cannot handle your emotions all the skill in the world will not save you.
They say that day trading is a skill, so practicing should make you good at it right? How long someone from newbie to advanced should spend to be considered good?
Day trading is a skill that you can master IF you can discipline yourself and remove emotion from your trades. It took me a few months to get to what I would consider "good" and hopefully in another few months I will be a lot better. I didn't do it alone though, I have been in a discord group talking with experienced traders. I seriously doubt I would be as far along as I am now if i hadn't joined. They have trading guidelines laid out that really help me make smarter choices and stay profitable. If your trying to learn to day trade by yourself it could take a long time to get good experience especially if you don't have a lot of free time. I definetely recommend joining a trading group, just stay away from pump and dump groups.
Link to join Voodoo Crypto (free)
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https://discord.gg/3yS5Zcc
Some people who earn and those who lose money. Good and bad concepts are subjective. Need a take three years for to get a stable income. I've heard this number from experts.
They say that day trading is a skill, so practicing should make you good at it right? How long someone from newbie to advanced should spend to be considered good?
In my own opinion, day trading is not a skill because anyone can invest in the market and start trading then become rich if they knew when to sell and invest a the right time in order to earn more profit.
They say that day trading is a skill, so practicing should make you good at it right? How long someone from newbie to advanced should spend to be considered good?
In my opinion it is really long process, but even in case of big experience we should consider great role of luck and intuition in this duty...so it is nearly impossible to say about amounts of time which need to be spent trading.
One of the most common mistakes new traders usually do is that, they get to excited. that excitement can lead you to wrong decisions. Trading without stops may lead you to unlimited losses, that's why you have to know your maximum level of risk. We all make mistakes, but if you reflect on your past mistakes you'll be able not to repeat them again. There are a lot of factors that affect your trading, that's why a psychological self-test to see whether you are in a mood or not to start trading, would be really helpful every time before you decide to trade. Memory helps us learn from our successes and failures, that is the reason why keeping a diary of your trades will help you grow and become a better trader.
In my opinion, trading can be learned by everyone, but there is no master in the market. Everyone can lose when trading, no matter you or the beginners. I think this is very important but some of you have to be very careful about it because of wrong certainty.
They say that day trading is a skill, so practicing should make you good at it right? How long someone from newbie to advanced should spend to be considered good?
Depends on what really is the aim. Some may be just to develop and practice their system and not for the monetary and some for the financials. So it would be based on the outcome on how you would say the system and the approach is good or effective.
Master of trading already spend a lot of time and plenty of process to reach that achievement and probably it took many years to do so and all of it will never happened instantly so don't expect you will being and expert traders if you only spend several times to do trading but trading is risky job and although you called an master of trading but don't mean you will be able to avoid loss and not always get profit
this is how i Mastered it.hope it help.
• Go into trading for the long term
• Do researches as much as you can
• Don't rush, don't get greedy
• Analyse the markets
• Start a money management plan
• Discipline yourself
• Acquire knowledge
• Go into trading for the long term
• Do researches as much as you can
• Don't rush, don't get greedy
• Analyse the markets
• Start a money management plan
• Discipline yourself
• Acquire knowledge
As we decide to start trading it is important to ask ourselves: what does it take to become a successful trader? Trading tactics, psychology, money management and record keeping are four factors that determine the success of a trader. If you keep records, you will learn from your experiences. A good trader's goal is not to make money, it is to trade well. If he can do that the money will follow.
They say that day trading is a skill, so practicing should make you good at it right? How long someone from newbie to advanced should spend to be considered good?
Learning is just a process and you can master it easily if you have passion and strong determination to become a successful one. Yeah, you're right. Being a trader is just a skill, you need to practice it so will perfectly made it even the times of difficulties you will still survive. And mostly it takes half of a year to master it and such time you have a lot of strategy to tried.
They should actually spend more time learning the market before entering the trading sector. They should learn how the market moves daily, the trading pattern, the usual rise and fall. They should also keep in mind that the pattern are not always followed, and should keep them selves ready for any unexpected blow. Then they can start investing slowly in trade and after gaining enough experience can start investing higher amounts.
We can master out trading skill specially when there's a need of trading at urgent matters as well. Experience need not to have huge amount of money but it can be done with small amount as long as it do gain better profit. If you wanted to plan to prosper in trading, you should also consider the factors that you might be in fear of panic or any problems of emotional stress.
I am not a master myself, but I am getting better
in every trade that I make. just continue trading
you'll get better, I guarantee it
in every trade that I make. just continue trading
you'll get better, I guarantee it
To be able to master the transaction, you must have more knowledge of investing in this market. As you gain more market knowledge you will be more confident in the market.
They say that day trading is a skill, so practicing should make you good at it right? How long someone from newbie to advanced should spend to be considered good?
For the newbie if you plan to do the day trading then you have to spend all of your time in trading cause day trading should spend a lot of money and you have to monitor the price from time to time so that when the price pump in a minute or hours you can sell it immediately to earn a good profit.
They should actually spend more time learning the market before entering the trading sector. They should learn how the market moves daily, the trading pattern, the usual rise and fall. They should also keep in mind that the pattern are not always followed, and should keep them selves ready for any unexpected blow. Then they can start investing slowly in trade and after gaining enough experience can start investing higher amounts.
currently there is no such thing as a master trader, all of this depends on the trading capital you have, if you have very much trading capital then you can move the price in the place of exchange and can get very much profit.
It all depends on your diligence, zeal, dedication and faith in success. I mean that personal qualities play a key role here.
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