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Topic: Master the trading - page 7. (Read 3034 times)

legendary
Activity: 1386
Merit: 1058
June 18, 2018, 08:03:39 AM
Maybe I see a lot of tutorial about trading, Tutoring candlestick or any trading strategies. I think it's not predictable what trading market will be. Sometimes when you read a chart it's alternate. You cannot go to the flow of what market will be.
Maybe while learning, you missed the part of learning where to place your stop loss. In case you do not know, trading is more or less like an educated gambling and you want to be very sure you are making the right decision most of the time which is why the TA and FA are there for you but not like you are going to be right 100% of the time as there would always be the situation you have mentioned most especially in this volatile market. The best thing is to always make use of your stop loss and know where to place them.
hero member
Activity: 840
Merit: 516
June 18, 2018, 02:24:08 AM
You will be a master in trading when you can trade in any market condition and steadily increase your deposit. Everyone achieves this in due time.
Yeah, as long as you are sure of what you are doing, you are making a lot of money from trading in any condition, then, you will be a master in your own way.

However, being good is actually the way to go and earning pretty well, because one thing I have come to realize in trading is that you cannot be a master of all as you will need to just find your own strategy and get good at trading that strategy without any emotion attached to your trading style.
legendary
Activity: 1442
Merit: 1025
June 17, 2018, 01:44:23 AM
it really can not be targeted because it will really be slammed with individual nature. there are people who are able to learn from experience very quickly and even some are always repeating the same mistake....
Righ. The thing is that some will make mistakes, learn from it to build up their experience and get better while some will start complaining about everything and rather than learn from their mistake, they keep repeating the same thing over and over again until they get frustrated and leave trading completely.

Trading is not a small thing that someone should just be gambling and those who are always ready to learn and dedicated to that will always get better in the long run which is what makes the difference.
sr. member
Activity: 756
Merit: 252
June 15, 2018, 11:58:20 PM
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?
It is true that trading is something in which you will improve by practicing it but it is not as simple, you need knowledge as well and even more importantly you need capital, there are many things in which you can practice something over and over again and you do not need money but when you are trading bitcoin if you lose your capital you cannot practice anymore until you get more money and depending in your financial situation that can take weeks or months.
member
Activity: 392
Merit: 10
June 15, 2018, 06:33:55 PM
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?
I think that at the moment you have to be careful when trading, you can see that bitcoin prices in recent days are constantly fluctuating and difficult to guess, the market is constantly falling, bitcoin prices and altcoin are continuous decline. So the trade at this time is very difficult, you need to analyze accurately, track prices bitcoin and combine with market news to get the most accurate view.
hero member
Activity: 1022
Merit: 538
June 15, 2018, 06:37:38 AM
It varies , Depends on how smart you are , how hard you try , how many books you read , how many experiences you experience  ,how many youtube videos you see, but It wouldn't be long if you are eager and don't afraid of losing .
Being smart actually covers it all because only those who are smart will know they need to read first to be able to master the art of trading well and also those who are smart will know that even after reading, they need to start practicing with so little until they are very sure they are emotionally ready for trading with a bigger amount which a lot of trader always skip all in the name of quickly hitting big bucks.

Losing is part of the trade but not profiting more and losing a little less is what makes one a good trader. mastering the trading will be feasible for anyone when they look for opportunities to learn on their failures. It means we should not repeat the same mistake at the same time, we should foresee things to avoid similar mistakes too.
full member
Activity: 659
Merit: 101
June 15, 2018, 02:00:16 AM
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 must require some extra ordinary skills to win with it.. Practicing intensively will definitely help anyone but most people are suggesting to go for holding instead of struggling with day trading. Making more profits is the goal for all of us but preventing losses also should be our goal which is not possible with day trading most of the time.
I don’t think so that there can be any other thing than that of the practicing of the trade on daily basis and that to gather as much information as you can regarding all the things which are related to that of the trading one way or the other which will then help you in mastering the trade. Before doing that, you must master your level of patience and that you need to work over it to make better decisions.
full member
Activity: 566
Merit: 102
June 15, 2018, 01:58:28 AM
there seems to be a lot of master traders and lots of developers knowing tricks and deeper trading tips, but I'm sure they will never want to teach you to trade properly and always be able to earn profits because that is the secret of their success gained from experience who once was in the past.
If you are doing good and upgrading in trading to the Bitcoin with a fine or huge profit then consider that you are out of the circle now and you do not have to feel nervous about any market because trading in a market for many times make you master. Trade continuously with have a grasp on the market rules will make you the master soon without going in complications.
hero member
Activity: 1302
Merit: 540
June 13, 2018, 05:10:42 AM
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?
True, daily trades must have special skills and can target when we have to sell them for a little profit. it does not matter if we have a little advantage, but it's often done. on the other hand, we must have the knowledge of fundamental analysis and technical analysis to be proficient in trading by learning to become a trader from various sources that have been trusted, maybe some people there are giving a few ways to be proficient to trade on cryptocurrency.
You can learn all of it from a trusted source
Finding those trusted sources will take some time and doing it alone will make it much longer, I can say that if you are really serious and Keen to understand everything inside crypto trading, better to think of it as an never ending study, each day will serve you additional skills to intercept what can be the possible outcome, growing your knowledge to be more positive, and will be able to handle the risk will give you an extra edge.
newbie
Activity: 182
Merit: 0
June 13, 2018, 04:58:11 AM
it depends on many factors. you will make it all time or par time. You will just make what you have or improving your knowledge parallel...use one instrument, strategy...everything rules
hero member
Activity: 2926
Merit: 640
June 13, 2018, 02:58:25 AM
I see that trading in crypto is not similar with other trading such as stock exchange or foreign exchange, the reason is volume. Crypto trading volume is not as big as others trading hence the analysis will be different either TA or fundamental.
It is not at all, and there is a lot of volatility risk and some sentimental risk that comes with cryptocurrency trading. For instance, some of those sentimental risks are that if bitcoin is in a downtrend, you really want to stay out of altcoins and even if altcoins are giving you the bullish signal, you had best be careful monitoring bitcoin or just wait for the clear signal before you even want to hop in at all. That is how risky it is and all these things take some practicing to get used to.

How to control the emotion and others.
And skill of reading the market also important.
Reading the market is nothing but identifying the trends and its reversal well in advance. It is the most important aspects of becoming a master in trading. Emotion control and being disciplined are other supportive things which will ensure maximum profits from trading.
jr. member
Activity: 196
Merit: 1
June 13, 2018, 01:30:15 AM
to trade of course also requires patience and expertise so that for beginners is not easy to be useful, if not for luck in trading. And a trader should have good skills and analysis in choosing the coins they will buy, and indeed they should be able to know the exact time when to buy and sell
full member
Activity: 1190
Merit: 212
★Bitvest.io★ Play Plinko or Invest!
June 13, 2018, 12:10:54 AM
I think you better find the skills and learn to be able to do a good and correct trading of some articles on google because it is very complete and many sesanan if you are still confused you may be able to use youtube media to learn more because not only words but you can see directly with the video.
sr. member
Activity: 1792
Merit: 264
June 12, 2018, 11:12:05 PM
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?
True, daily trades must have special skills and can target when we have to sell them for a little profit. it does not matter if we have a little advantage, but it's often done. on the other hand, we must have the knowledge of fundamental analysis and technical analysis to be proficient in trading by learning to become a trader from various sources that have been trusted, maybe some people there are giving a few ways to be proficient to trade on cryptocurrency.
You can learn all of it from a trusted source
full member
Activity: 359
Merit: 101
June 12, 2018, 11:08:59 PM
This's is not how often someone try in trading but also taking the lesson of being lost.
I mean, while practicing we need to take the lesson what make us lost or taking wrong decision.
How to control the emotion and others.
And skill of reading the market also important.
full member
Activity: 434
Merit: 102
Chikuntv
June 12, 2018, 09:55:27 PM
Can we really consider day trading as a skill?  Even those who have more experience in trading could still lose a huge amount on day trading because after all it's just like a gamble who relies on luck and chance.

I think yes, its a skill too. There are scalpers who win constantly
full member
Activity: 448
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
June 12, 2018, 09:27:32 PM
Can we really consider day trading as a skill?  Even those who have more experience in trading could still lose a huge amount on day trading because after all it's just like a gamble who relies on luck and chance.
sr. member
Activity: 952
Merit: 251
June 12, 2018, 06:51:35 PM
In my opinion this is depend on the your effort and psycology when learn to be expert trader. The most important thing to become pro trader is should be have good psycology, just like always patient and dont be greedy. And second one is have knowledge about fundamental and technical analysis. All entry or buy and sell decision depend on the  from analysis and not from emotional.
Have you mastered the deal yet? Do you want to be a good trader? Know the basics of the deal and be safe when you trade, master trading is that we know how to do transactions depend on other things.
They say practice makes a man perfect and the more you practice, the more you will be able to do well in trading. Once you know some good stuff about the technology and are learned enough, you might make good trading decisions and might be able to trade in both Bitcoin and altcoin so this can prove good in future. A good trader will make good money with just holding diverse portfolios and selling when the market is green.
newbie
Activity: 15
Merit: 0
June 12, 2018, 06:41:57 PM
it really can not be targeted because it will really be slammed with individual nature. there are people who are able to learn from experience very quickly and even some are always repeating the same mistake....
hero member
Activity: 3052
Merit: 606
June 12, 2018, 06:24:54 PM
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?
I believe that trading at this time is very dangerous, you can see that bitocin prices are constantly adjusting and falling sharply in the past few days, so it is very difficult to trade successfully. The market is constantly fluctuating and difficult to guess you need to have adequate knowledge and always have a clear plan before every transaction.
Yes.I think if you traced from the previous price charts,this is not new to bitcoin since its highly volatile and fluctuations do happen from time to time.So better hold your investments and wait for the perfect time to sell them.Trading can be more mastered if you do a lot of trading even with small amounts until you get used with its highly volatile market and be able to jive with it.
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