The Path to Profit: A Trader's Emotion & Terminologies Everyone should Know

idarasun

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Quote from: MCUKing on September 14, 2023, 01:01:19 AM

Quote from: crwth on September 10, 2023, 01:18:23 AM

Like what the hell are these? Can you elaborate on this OP? I want to increase my knowledge in these different types of terminologies that you posted lol.

Sorry, dear, I think most of the fellows here are not very familiar with the stock trading terms and other market terms.. As per my topic, it was generally covering most of the terms from all markets. At first, I thought to not use the short forms but eventually, i did to save time, anyway the described forms of the terms you've mentioned are as follows..

GTT: Good Till Triggered
AMO: After Market Order
BTST: Buy Today, Sell Tomorrow
STBT: Sell Today Buy Tomorrow
Options Greeks: Financial metrics on the options contract
ATM: Strike price with the options contract
OTM: Out of the money
ITM: Intrinsic value
THETA: TimeFrame
Beta: Volatility measure in Stock
OI: Open Interest
OI Changes: Open Interest Change

Rest for most of the description I would suggest haha to the Senior for a google search... I tried to Elaborate the terms in descriptive form only...

OK, now I understand those terms, indeed your explanation helped me understand them.
I want to learn more, can anyone help me?

bangjoe

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Everyone has their own way of trading and everyone has their own teacher to guide them in trading activities in order to make a profit.
I think the terminology is important, some of the written ones I know, but many are new to me, thanks for the information.

But as I said, everyone has their own way to make a profit in trading activities, as in the term "many roads to roma" including in trading, there are many ways to make a profit, and one of them is like the OP list, maybe if you are correct in using each of these sub you have more chances to make a profit, but my way is only two in trading activities after reading the fundamentals of myself and the market, I will trade when there is big news that can affect the market, then see the market response has a movement, that's where I make my trade.

MCUKing

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Quote from: snowpega on November 19, 2023, 02:19:09 AM

I won't flex on such things I don't know...you really mentioned many points in this list that I don't know i would love to do DYOR on each point aforementioned. Me as a newbie or beginner in the field of cryptocurrency reading these points for the very first time. Well TBH i am kinda busy theae days but i have added this topic to my bookmark to do research in my free time. One thing i know very well that knowledge in the field of cryptocurrency is the power to overcome many situation. Many Thanks!

Haha, Don't be very thankful, you'll be able to find more informative topics compared to this one on the forum. AFAIK even when I did create this topic it was inspired by a user who was guiding others about the terminologies used commonly in trading, that is the reason I thought to compile a dedicated topic on such terminologies.

I can see you also had created many decent topic's I'll be checking them out as well.

Hamza2424

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Quote from: DVlog on November 21, 2023, 09:06:35 AM

This list you have provided can complete a trading book if you are writing one. If a newbie sees this he will turn away from trading at the very beginning. It is true that trading is not only buy, sell and book profit but a combination of money management, market analysis and action. Only one can make you a successful trader. For example, if you are trying to make a profit you need to manage your funds in the least risky way possible so that one bad trade can not eat up the profit of your 10 good ones.

Haha, that's a good one but dear there's no need for it as already mentioned before, TBH every person gets familiar with these terminologies as much as he spends time in the market, and it is better to experience these terms not to learn.

Dear I'm sure you want guide under your best experience but the core is really what OP said above, buy, sell and book. For the rest others are just to support fill the core.

gabbie2010

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Quote from: TimeTeller on November 19, 2023, 06:55:23 PM

Quote from: mirakal on November 19, 2023, 04:43:24 PM

Quote from: hugeblack on September 09, 2023, 10:41:36 AM

If someone wanted to know all these terms before trading, he would not start his trading journey. Sometimes it requires some bold decisions and preliminary knowledge about trading because in the end, one hour of actual trading may be worth several hours of books and theoretical reading.
Also, the cryptocurrency market is very volatile and difficult to predict, so knowing the basics of technical analysis, tracking news, support levels, resistance, Fibonacci, averages and learning how to manage risks is essential before starting trading.

Trading deals more on experience rather on theoretical analysis. Although these are still crucial to learn, but we don't need to prioritize them learning as trading experience should always comes first. In fact, not all professional traders have been aware that all these terminologies exist, and yet they still end up succeeding on their trades.

However, if you want a smooth and successful trading, then its better to still include learning these words. It does not matter when you are going to learn them, but awareness is still essential.

You can already encounter those terminologies as you go thru the journey in trading.
As long as you have the desire to know what each term means once you encounter them, you will already gain knowledge from it.
There's nothing wrong in not knowing all those terms, because a lot of us actually don't know those terms when we started trading.
Just keep an open mind about what you can learn as you go thru this path. We can learn everyday and yet we still feel that our knowledge is still not enough.

I think the best thing is to understand some of the basic terminologies and it application in trading for example Support and Resistance as well as Demand and Supply are one of the most important aspect of trading which a trader must learn, their application in trading is very important for instance a trader is expected to buy at Demand and Support zones instead of selling as well as sell at Supply and Resistance zones instead of buying thereafter studying candlestick patterns reaction and Price Action at those zones reveals information about potential price reversal therefore it's not compulsory to study and adopt all those terminologies but the most relevant and appropriate ones that would aid a trader.

Kelward

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Quote from: Sim_card on September 09, 2023, 11:57:34 AM

Learning how to trade does not depend on this terms of you as what matter is when a trader has learnt the fundamental analysis and technical analysis before he can go into practice. Practice is the best way for you to have experience in trading. Because it is through your experience that you can know the strategy that you will use to trade so that you don't always run at loss and knowing how to manage risks in trading is also through experience. You tried OP for this list but trading is not all about theory but practical. Following the latest news on bitcoin is also needful.

Trading is practical therefore it's something that someone will have to learn like an art, in order to truly understand the basics of it. So I agree that having a good knowledge of the fundamental analysis and technical analysis are the basic things that a newbie should know. Although the fundamental analysis follows market trends so the professionals and newbies have to be updated regularly to stay informed. The OP"s shared terminologies are important in the long run, so that the trader will be fully informed in every aspects of trading.

DVlog

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Quote from: MCUKing on September 09, 2023, 08:34:36 AM

Trading, in essence, is akin to navigating the financial waters, where emotions often run high. It's a pursuit of profits through buying and selling assets, marked by excitement and anxiety.

What do you think about trading say it recklessly. Not limiting the way of answer answer in the terminology of emotion, in your experience in whatever way you can.

The only reason for creating this topic is I was having a random debate on trading with some fellows and they taunted me by saying What is trading? Just Buy, Sell, and book profit that it. Actually, I just wanted to let them know about the depth of trading because they were just familiar with the few terms in trading. How far my newbie fellows know I'm not sure but here is a list, so if you encounter such debates I want my fellows to defend it by letting them know about its depth. Some people just comments its gambling and blah blah

This list you have provided can complete a trading book if you are writing one. If a newbie sees this he will turn away from trading at the very beginning. It is true that trading is not only buy, sell and book profit but a combination of money management, market analysis and action. Only one can make you a successful trader. For example, if you are trying to make a profit you need to manage your funds in the least risky way possible so that one bad trade can not eat up the profit of your 10 good ones. This is important because the fewer bad trades you take the more profit you can generate. On the other hand if you have a good money management strategy but cannot do market analysis, you will pick a bad entry point or have will have hard time getting a perfect entry point for your trade. The same thing applies with action. You have good money management strategies and market analysis skills but you fear trading. This will also make you incapable of trading.

sana54210

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Quote from: TimeTeller on November 19, 2023, 06:55:23 PM

You can already encounter those terminologies as you go thru the journey in trading.
As long as you have the desire to know what each term means once you encounter them, you will already gain knowledge from it.
There's nothing wrong in not knowing all those terms, because a lot of us actually don't know those terms when we started trading.
Just keep an open mind about what you can learn as you go thru this path. We can learn everyday and yet we still feel that our knowledge is still not enough.

Depends on the trader. If he is also doing a research and willing to learn, or learn more while doing trades then yeah but not if he just trade and trade by basing only on his instincts and stock knowledge. Some terms might be obvious so I don't want to know them further but I will only get curious on those weird terminologies or those ones who are new to me.

I will surely study them as I know that it can help me with my trading journey. Being a starter is not an excuse to not know all of them. But it's fine if we don't rush things. What important is we add something new in our head even on some other times only as that helps us to grow more.

TimeTeller

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Quote from: mirakal on November 19, 2023, 04:43:24 PM

Quote from: hugeblack on September 09, 2023, 10:41:36 AM

If someone wanted to know all these terms before trading, he would not start his trading journey. Sometimes it requires some bold decisions and preliminary knowledge about trading because in the end, one hour of actual trading may be worth several hours of books and theoretical reading.
Also, the cryptocurrency market is very volatile and difficult to predict, so knowing the basics of technical analysis, tracking news, support levels, resistance, Fibonacci, averages and learning how to manage risks is essential before starting trading.

Trading deals more on experience rather on theoretical analysis. Although these are still crucial to learn, but we don't need to prioritize them learning as trading experience should always comes first. In fact, not all professional traders have been aware that all these terminologies exist, and yet they still end up succeeding on their trades.

However, if you want a smooth and successful trading, then its better to still include learning these words. It does not matter when you are going to learn them, but awareness is still essential.

You can already encounter those terminologies as you go thru the journey in trading.
As long as you have the desire to know what each term means once you encounter them, you will already gain knowledge from it.
There's nothing wrong in not knowing all those terms, because a lot of us actually don't know those terms when we started trading.
Just keep an open mind about what you can learn as you go thru this path. We can learn everyday and yet we still feel that our knowledge is still not enough.

mirakal

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Quote from: hugeblack on September 09, 2023, 10:41:36 AM

If someone wanted to know all these terms before trading, he would not start his trading journey. Sometimes it requires some bold decisions and preliminary knowledge about trading because in the end, one hour of actual trading may be worth several hours of books and theoretical reading.
Also, the cryptocurrency market is very volatile and difficult to predict, so knowing the basics of technical analysis, tracking news, support levels, resistance, Fibonacci, averages and learning how to manage risks is essential before starting trading.

Trading deals more on experience rather on theoretical analysis. Although these are still crucial to learn, but we don't need to prioritize them learning as trading experience should always comes first. In fact, not all professional traders have been aware that all these terminologies exist, and yet they still end up succeeding on their trades.

However, if you want a smooth and successful trading, then its better to still include learning these words. It does not matter when you are going to learn them, but awareness is still essential.

Distinctin

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Thank you for the good output OP but I don't think one trader should know all of these first before he decides to enter trading. If he will do that, it may delay his learning on trading. I prefer to let experience do the teaching. Once you are in trading, even if you don't study these terminologies, you will still be aware about all of these because you will come to encounter these in the trading space. And this time it will be easier for you since you are already doing the actual trading.

However, learning these terminologies prior to trading will still be a lot helpful. But we don't have to instill and force the trader to be aware on all of these because he will learn it on his own way through consistent exposure in the trading market.

Hamza2424

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Quote from: snowpega on November 19, 2023, 02:19:09 AM

I won't flex on such things I don't know...you really mentioned many points in this list that I don't know i would love to do DYOR on each point aforementioned. Me as a newbie or beginner in the field of cryptocurrency reading these points for the very first time. Well TBH i am kinda busy theae days but i have added this topic to my bookmark to do research in my free time. One thing i know very well that knowledge in the field of cryptocurrency is the power to overcome many situation. Many Thanks!

Well, there's nothing to research, you can these are the keywords we use in our routine while having discussions on one to describe our context clearly, still you need to go through an overview to know about them because OP just mentioned these terms.

It would be more quality information if he could have explained these keywords, in a few more words to describe their utility and context of use. I had checked OP made some such topics previously. I'll be expecting him to be active in this section because here in trading section the good and quality discussion topics are rare. Now I'm even missing old those daily bot trading and AI/copy trading topics as well.

snowpega

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Quote from: MCUKing on September 09, 2023, 08:34:36 AM

Funds Management
Risk Managment
Price Action
Position Sizing
Candlesticks pattern
Chart Pattern
Support
Resistance
Emotions
Indicator
Tools
Stop Loss
Traling Stop Loss
GTT
AMO
Candles
Heikin-Ashi
Bars
Volume
Pre market Analysis
Post Market Analysis
Win Rate
Strategy
Journal
Scalping
Indtradatory
BTST
STBT
Swing
Positional
Option Greeks
Risk Reward
Option Buying
Option Selling
Sideways Market
ATM
OTM
ITM
THETA
Beta
OI
OI Changes
Back Testing
Forward Testing
Fundamentals
Time Frame
Stress
Criticism

I won't flex on such things I don't know...you really mentioned many points in this list that I don't know i would love to do DYOR on each point aforementioned. Me as a newbie or beginner in the field of cryptocurrency reading these points for the very first time. Well TBH i am kinda busy theae days but i have added this topic to my bookmark to do research in my free time. One thing i know very well that knowledge in the field of cryptocurrency is the power to overcome many situation. Many Thanks!

MCUKing

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Quote from: Dzwaafu11 on September 21, 2023, 12:24:37 AM

Trading is not all about buying, selling, and book profits. Trading itself is something you must learn if you want to be a successful trader

Haha, Weird, So weird mate, trading itself is something that you learn to be a good trader How? Also, You've said trading is not all about buying, selling, and booking profit, in my domain trading's only about how to Buy, When to Buy. When to sell, Where to sell, Where to Hold, and How to book profit? Booking all out once, Booking from time to time. etc etc.

Dzwaafu11

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Quote from: MCUKing on September 09, 2023, 08:34:36 AM

Trading, in essence, is akin to navigating the financial waters, where emotions often run high. It's a pursuit of profits through buying and selling assets, marked by excitement and anxiety.

What do you think about trading say it recklessly. Not limiting the way of answer answer in the terminology of emotion, in your experience in whatever way you can.

The only reason for creating this topic is I was having a random debate on trading with some fellows and they taunted me by saying What is trading? Just Buy, Sell, and book profit that it. Actually, I just wanted to let them know about the depth of trading because they were just familiar with the few terms in trading. How far my newbie fellows know I'm not sure but here is a list, so if you encounter such debates I want my fellows to defend it by letting them know about its depth. Some people just comments its gambling and blah blah

Trading is not all about buying, selling, and book profits. Trading itself is something you must learn if you want to be a successful trader, and what you need to start your trading journey doesn’t pass the technical analysis. If you know how to manage the risk involved in trading, I believe your trading journey will go smoothly and the losses will be limited. However, you can see that the cryptocurrency market is volatile; you cannot predict it, so from what you mention, I don’t think all of them are necessary because at what time will someone go and learn all the things and start his or her trading journey? Lol, what you mention is too much, mate. What someone needs in trading is technical analysis and other necessary things, and you will trade.

Hamza2424

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Quote from: jeraldskie11 on September 14, 2023, 05:34:07 PM

Trading is simply the act of buying and selling. However, if you want to understand more about trading, you will need to learn this information. I'm not sure if all of that is required, because even after learning enough about trading, I didn't familiar all of that. In my opinion, you only need to be able to read candlesticks and understand what is close, open, wick, body, and so on, in order to assess the market. You also skipped to include FVG, weak high, weak low, swing point, and many more variables. We also need to understand how it works in the market. You can make profit this way.

That's very much genuine buddy there is no need for the terminologies Cramming, as if you are a learner focus and be disciplined to learn and practice, and if you are on the field better to focus on the TA & FA with the sentiments. Time and Discipline is the key as a prop learner I would like to recommend to my dear fellows that when we use to spend most of our time in the market we get familiar with these terminologies.

Charting and other TA factors for a pro learner should matter for the beginner rather than focusing on memorizing the terminologies it's better to exercise whatever you've learned, In the market we enter as traders we are actually trying to make money by competing with the smart people already sitting there, Everyone who enters treats trading spends time and lose money and exit this is how these smart people make money and if you really want to stand by in the market be consistent save the wicket (Capital) wait for your time and show your move on the smarter people to make money, You need to make yourself able to surpass these people in the market emotionally and strategically.

Remember everyone else in the market is your competitor and you need to be sharp and stay alert your loss is their profit and their loss is your profit.

jeraldskie11

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Trading is simply the act of buying and selling. However, if you want to understand more about trading, you will need to learn this information. I'm not sure if all of that is required, because even after learning enough about trading, I didn't familiar all of that. In my opinion, you only need to be able to read candlesticks and understand what is close, open, wick, body, and so on, in order to assess the market. You also skipped to include FVG, weak high, weak low, swing point, and many more variables. We also need to understand how it works in the market. You can make profit this way.

MCUKing

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Quote from: crwth on September 10, 2023, 01:18:23 AM

Like what the hell are these? Can you elaborate on this OP? I want to increase my knowledge in these different types of terminologies that you posted lol.

Sorry, dear, I think most of the fellows here are not very familiar with the stock trading terms and other market terms.. As per my topic, it was generally covering most of the terms from all markets. At first, I thought to not use the short forms but eventually, i did to save time, anyway the described forms of the terms you've mentioned are as follows..

GTT: Good Till Triggered
AMO: After Market Order
BTST: Buy Today, Sell Tomorrow
STBT: Sell Today Buy Tomorrow
Options Greeks: Financial metrics on the options contract
ATM: Strike price with the options contract
OTM: Out of the money
ITM: Intrinsic value
THETA: TimeFrame
Beta: Volatility measure in Stock
OI: Open Interest
OI Changes: Open Interest Change

Rest for most of the description I would suggest haha to the Senior for a google search... I tried to Elaborate the terms in descriptive form only...

michellee

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What is trading? Just Buy, Sell and take the profit. That is the basics of trading. You cannot change someone's paradigm to follow what you know. Maybe you are an expert in trading, so you know a lot about trading. At the same time, they are still new in trading.

You just need to tell them that in trading, there are many things to understand and it takes time. Maybe they will learn to understand and maybe they won't learn to understand. It will depend on someone's intention to have more knowledge about trading or whether they feel they already know "enough" about trading.

So there is no need to argue about who is right or wrong because each person will have their own opinion. We are also not necessarily correct with all our knowledge and vice versa. And if we do know more about trading, we can just tell it and don't need to force it.

palle11

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Quote from: mindrust on September 10, 2023, 01:24:41 AM

That's the problem with TA, the more you know, the less better it is. The less you know, the more successful you'll become. Tbh I am not a fan of TA at all but there are certain people I respect use TA and they all have one thing in common. They only use 2 or 3 indicators and I am pretty sure they don't know 90% of what you said in your post. In my experience, knowledge works against you when you make your trades based on TA. The best traders use TA less. If there was a perfect trader out there, which there isn't, he would be the one that never uses TA.

Yes a balanced trade is the one that involves both TA and FA. And those using TA only add few indicators, like you said 2 or 3 indicators because too much of indicator will mislead you from understanding that market. To cluster your trading window with lots of indicator is problematic to follow, it is better to have maybe 2 and you are good, focus more on what trade is doing and not terminologies because the aim is profit and not what terms they are. For the purpose of learning the terms are good to know but the real business is how to use your knowledge to maximize profit.

mindrust

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That's the problem with TA, the more you know, the less better it is. The less you know, the more successful you'll become. Tbh I am not a fan of TA at all but there are certain people I respect use TA and they all have one thing in common. They only use 2 or 3 indicators and I am pretty sure they don't know 90% of what you said in your post. In my experience, knowledge works against you when you make your trades based on TA. The best traders use TA less. If there was a perfect trader out there, which there isn't, he would be the one that never uses TA.

crwth

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Terminologies that I haven't encountered before in what you posted. This is alien to me lol.

Quote

GTT
AMO
Indtradatory
BTST
STBT
Option Greeks
ATM
OTM
ITM
THETA
Beta
OI
OI Changes

Like what the hell are these? Can you elaborate on this OP? I want to increase my knowledge in these different types of terminologies that you posted lol.

bitLeap

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Quote from: mvdheuvel1983 on September 09, 2023, 05:49:46 PM

Appreciate the effort you have poured into compiling these terms but not to sound discouraging , what I have noticed is that we pick up these terms on the go and not all at once before trading. It during the process of trading and researching that we pick them up.

Despite this, knowing what a trading strategy is and having one is best for every trader. In addition, knowing what fundamental or technical analysis is and how to apply them to make a trading decision is encouraged. Knowledge of the what trading platform to use is is also key to the path to profit for everyone trading.

We learn from what we experience and it is from this that our knowledge and awareness of the trade grows. I think it would be very difficult if not impossible for anyone to truly have all the mastery that the OP mentioned. And I also appreciate that, but in practice sometimes we find new things that we then apply in the trading that we do.
If we learn it all before we trade, then it will take a very long time for us to apply it in trading, and maybe we will give up because there are too many theories that we learn. Theory is important, but practicing it directly will be easier to understand.

Hamza2424

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Quote from: mvdheuvel1983 on September 09, 2023, 05:49:46 PM

Appreciate the effort you have poured into compiling these terms but not to sound discouraging , what I have noticed is that we pick up these terms on the go and not all at once before trading. It during the process of trading and researching that we pick them up.

Despite this, knowing what a trading strategy is and having one is best for every trader. In addition, knowing what fundamental or technical analysis is and how to apply them to make a trading decision is encouraged. Knowledge of the what trading platform to use is is also key to the path to profit for everyone trading.

Hmm, well that's a fact we don't go all in once while doing the analysis sometimes according to the market sentiments we trade on the sentimental analysis and development & news. More or less I have a suggestion if you are coming up with the idea to trade or are already in as a beginner prefer the Fundamental and technical analysis for the Holding trades and for Quick positions going with the news and Sentiments is not a bad approach.

Still, as buddy said knowledge of the trading platform is also a factor to be considered while trading, i.e A few days back there was a post asking a question about the funding rate on the position The answer was to read the fee structure of the platform and their term & condition because they vary platform to platform.

mvdheuvel1983

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Appreciate the effort you have poured into compiling these terms but not to sound discouraging , what I have noticed is that we pick up these terms on the go and not all at once before trading. It during the process of trading and researching that we pick them up.

Despite this, knowing what a trading strategy is and having one is best for every trader. In addition, knowing what fundamental or technical analysis is and how to apply them to make a trading decision is encouraged. Knowledge of the what trading platform to use is is also key to the path to profit for everyone trading.

freedomgo

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Quote from: hugeblack on September 09, 2023, 10:41:36 AM

If someone wanted to know all these terms before trading, he would not start his trading journey. Sometimes it requires some bold decisions and preliminary knowledge about trading because in the end, one hour of actual trading may be worth several hours of books and theoretical reading.
Also, the cryptocurrency market is very volatile and difficult to predict, so knowing the basics of technical analysis, tracking news, support levels, resistance, Fibonacci, averages and learning how to manage risks is essential before starting trading.

As traders, what we all need are just basics in trading and as experience goes on, we come to increase our learnings as well through concrete examples. Even professional traders may have not known all of these and yet, they still end up with decent profits every time they trade. But if you can study all the relevant terms needed in trading, then much better. Trading is a battle of human mind and emotions, so if you have an edge on it, you will have bigger chances to succeed in trading.

Russlenat

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Quote from: Bushdark on September 09, 2023, 11:31:36 AM

I don't think all these are necessary because it does not really defined what trading truly is. Trading is more than all these you have listed and a trader especially the newbies do not need to know all these before they start trading. This alone can make a newbie to give up on trading looking at the list and the challenge of going through them one by one. Knowing these terminologies do not determine or make someone a better trader. The more you trade and read books, the more you get familiar with all those terms.

Exactly mate. Getting all these terms memorized or even familiarize will definitely stress a beginner trader. So I cannot agree that these are all relevant to the success of one’s trading. Experience is the most important in trading. If you are knowledgeable but never got years of experience in trading, I’d say your trading may only be susceptible to more losses. However, it’s always a good decision if you are highly knowledgeable and at the same time highly experienced as well as that will attract maximum profits every time you decide to trade.

irhact

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Quote from: Bushdark on September 09, 2023, 11:31:36 AM

I don't think all these are necessary because it does not really defined what trading truly is. Trading is more than all these you have listed and a trader especially the newbies do not need to know all these before they start trading. This alone can make a newbie to give up on trading looking at the list and the challenge of going through them one by one. Knowing these terminologies do not determine or make someone a better trader. The more you trade and read books, the more you get familiar with all those terms.

No individual need to know all these words before they can start trading, new words are getting introduced so do they have to wait for those new words to get popular so they can learn what they mean before they can start trading. If you know how to trade then you'll be used to the important words and you mightn't necessary call them what everyone is calling them but provided you understand what they're, you can make use of them in your own understanding.

Trading is all about buying and selling of cryptocurency so if you understand that then you can start trading. Learning the terminology can be done later and as you advance more you can learn the different words used in the different types of trading like spot and future trading.

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Quote from: hugeblack on September 09, 2023, 10:41:36 AM

If someone wanted to know all these terms before trading, he would not start his trading journey. Sometimes it requires some bold decisions and preliminary knowledge about trading because in the end, one hour of actual trading may be worth several hours of books and theoretical reading.
Also, the cryptocurrency market is very volatile and difficult to predict, so knowing the basics of technical analysis, tracking news, support levels, resistance, Fibonacci, averages and learning how to manage risks is essential before starting trading.

Well, Sir a few moments ago I was posting on how technological developments are really reducing human efforts, except for our Branins. With proper preparation and time decisions, a person can really enjoy the effortlessness of today's world where all he needs to be make himself aware of what is happening and educate himself with a particular skill, and there you go He can easily surpass a person who is making hours of physical effort to earn living is kinda sad but the reality of this fast-moving age.

To trade, rather than much research practice works more efficiently as experience proves its efficiency in every critical situation where a trader finds it priceless. Emotional control and Risk management cant be developed by learning a few terms they can be mastered with the practice.

Smartvirus

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Quote from: MCUKing on September 09, 2023, 08:34:36 AM

Trading, in essence, is akin to navigating the financial waters, where emotions often run high. It's a pursuit of profits through buying and selling assets, marked by excitement and anxiety.

Marked by excitement and anxiety as used here dragged my attention.
Are you saying it’s overly exciting when one takes a trade and that be the marking of the activity and the anxiety be in the proceedings to the trade…?

Well, for the anxiety I might agree but, when it comes to excitement;
I think the only time one can be excited about a trade is when it starts reading profits for you and most of all, you happen to have the pips play into your trading plan just right. Other than these, there is just nothing exciting about trading as even in the event that, you still get to maintain your trading balance, you would have lost a great deal of time and data.

Trading isn’t such an easy thing to do with the level of sophistication and how traders have advanced in skills over the years. You really get to master a lot about it that goes beyond terminologies to be a good trader.

adaseb

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I think a good book to read, is called "Trading in the Zone". It doesn't deal with technical analysis but it basically deals with emotions when it comes to trading. You will learn how to deal with greed and fear.

Read the first chapter and I guarantee you will read the entire book because its amazing. Its an old book and I read it maybe 15 years ago but its prinicples still apply to traders today. You can get it from your library or buy the ebook for cheap on amazon or ebay.

You will read it and you will get the "A ha" moment and realise why you can't be profitable as a trader.

ZAINmalik75

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Quote from: Bushdark on September 09, 2023, 11:31:36 AM

I don't think all these are necessary because it does not really defined what trading truly is. Trading is more than all these you have listed and a trader especially the newbies do not need to know all these before they start trading. This alone can make a newbie to give up on trading looking at the list and the challenge of going through them one by one. Knowing these terminologies do not determine or make someone a better trader. The more you trade and read books, the more you get familiar with all those terms.

You are right; even though I am not new to trading, I did not really realise half of the words the OP mentioned here. At first, I thought it was some new post about new terminologies used in trading, but when I read some terminologies, I found no details along with them. Then I thought to read the whole post again. And it was totally not what I was thinking, but still, the terminologies are doing the same task.

Bushdark really has a good point here. Because I, as a learner, or you can say pro-learner trader, have to not know about all of these terms because only technical and fundamental analysis is enough for one to start their journey as a trader. And if they are newbies, then they should trade using paper, backtesting, or demo trading.

I will try to learn more about the terms you used here.

Faisal2202

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Quote from: MCUKing on September 09, 2023, 08:34:36 AM

Trading, in essence, is akin to navigating the financial waters, where emotions often run high. It's a pursuit of profits through buying and selling assets, marked by excitement and anxiety.

What do you think about trading say it recklessly. Not limiting the way of answer answer in the terminology of emotion, in your experience in whatever way you can.

The only reason for creating this topic is I was having a random debate on trading with some fellows and they taunted me by saying What is trading? Just Buy, Sell, and book profit that it. Actually, I just wanted to let them know about the depth of trading because they were just familiar with the few terms in trading. How far my newbie fellows know I'm not sure but here is a list, so if you encounter such debates I want my fellows to defend it by letting them know about its depth. Some people just comments its gambling and blah blah

You should mention them here too, for better reach. But it's totally up to you, which means it's optional to mention. And to be honest, I also tried trading once, and believe me, it is not only the buy, sell, and book profit. Because it seems easy, but it is not. Many people used to say other people's work is so easy to do and mine is very hard, while at the same time, others were saying my work was too hard but your work was too easy.

The same thing is happening here. To make things more clear for them, you can ask them, Why are you not doing it? But then they will say we don't want to waste our money on gambling, etc. Their own words will not match each other's. At the start, they will say it's just buy, sell, and book profit, but at the end, they will try to change or end the topic by saying it's gambling.

The best thing is to leave them on their own and not waste your energy on negative vibes. But be sure when you make profits. Just make sure to share them with those friends. heheh. Just to make them feel jealous.

Just kidding; by doing it, there will be no difference between you and those tiktokers who just show their profits and hide their losses to gain more VIP members who can pay more money to them.

palle11

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Most times what a start needs to stay in the market and get interested in it are his indicators, being able to know candlesticks, money management, risk and stop loss. He now needs to know how to locate means to open an order , close the order and gradually he is use to the trading platform. The terminology doesn't matter as such for the new trader who of course would be finding it difficult to navigate the trading platform. The terms will be more attractive if the trader is making profit because he would be more willing to learn more useful techniques and techniques comes with terminology.

Sim_card

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Learning how to trade does not depend on this terms of you as what matter is when a trader has learnt the fundamental analysis and technical analysis before he can go into practice. Practice is the best way for you to have experience in trading. Because it is through your experience that you can know the strategy that you will use to trade so that you don't always run at loss and knowing how to manage risks in trading is also through experience. You tried OP for this list but trading is not all about theory but practical. Following the latest news on bitcoin is also needful.

Bushdark

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I don't think all these are necessary because it does not really defined what trading truly is. Trading is more than all these you have listed and a trader especially the newbies do not need to know all these before they start trading. This alone can make a newbie to give up on trading looking at the list and the challenge of going through them one by one. Knowing these terminologies do not determine or make someone a better trader. The more you trade and read books, the more you get familiar with all those terms.

hugeblack

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If someone wanted to know all these terms before trading, he would not start his trading journey. Sometimes it requires some bold decisions and preliminary knowledge about trading because in the end, one hour of actual trading may be worth several hours of books and theoretical reading.
Also, the cryptocurrency market is very volatile and difficult to predict, so knowing the basics of technical analysis, tracking news, support levels, resistance, Fibonacci, averages and learning how to manage risks is essential before starting trading.

MCUKing

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Trading, in essence, is akin to navigating the financial waters, where emotions often run high. It's a pursuit of profits through buying and selling assets, marked by excitement and anxiety.

What do you think about trading say it recklessly. Not limiting the way of answer answer in the terminology of emotion, in your experience in whatever way you can.

The only reason for creating this topic is I was having a random debate on trading with some fellows and they taunted me by saying What is trading? Just Buy, Sell, and book profit that it. Actually, I just wanted to let them know about the depth of trading because they were just familiar with the few terms in trading. How far my newbie fellows know I'm not sure but here is a list, so if you encounter such debates I want my fellows to defend it by letting them know about its depth. Some people just comments its gambling and blah blah

Funds Management
Risk Managment
Price Action
Position Sizing
Candlesticks pattern
Chart Pattern
Support
Resistance
Emotions
Trap
Indicator
Tools
Stop Loss
Traling Stop Loss
GTT
AMO
Candles
Heikin-Ashi
Bars
Volume
Pre market Analysis
Post Market Analysis
Win Rate
Strategy
Journal
Scalping
Indtradatory
BTST
STBT
Swing
Positional
Liquidity
Volatility
Option Greeks
Risk Reward
Option Buying
Option Selling
Bull Market
Bear Market
Sideways Market
Market Sentiment
ATM
OTM
ITM
THETA
Beta
OI
OI Changes
Back Testing
Forward Testing
Fundamentals
Time Frame
Stress
Criticism

Topic: The Path to Profit: A Trader's Emotion & Terminologies Everyone should Know (Read 332 times)